1. Which of the following are the driving forces that led to Cadbury report? I. An increase in "creative accounting". II. Double taxation endured by shareholders. III. Managers actions that focus on long term goals. IV. High number of high-profile business failures. Choose the most appropriate answer: A. I and IV. B. I, II and III. C. I,III and IV. D. I, II, III and IV. 2. Which of the following is NOT a type of stock market efficiency? A. Allocation efficiency. B. Cost efficiency C. Pricing efficiency. D. Operational efficiency. 3. Calculate the NPV for the worst case scenario for the following project. Worst Case Scenario Sales 900 000 units Price 80p Initial Investment 850 000 Project Life 4 years Discount rate 17% Labour cost 22p Material cost 45p Overhead 11p A. -553 756 B. -782 626 C. -399 100 D. -1 118 078