Explain and comment on the problems of measuring performance in a not-for-profit organisation.

4.Discuss the objectives of a public sector organisation and how performance is measured and controlled.

5.Briefly explain the relevance ofthree measures which may be used to assess performance in public sectorservices that provide education.

6. What are the various sources of foreign capital?

7. Explain the problem of subsides in WTO regulations.

8. Critically examine the Heckchsher theory of international trade.

9. Examine the effect of tariff in terms of partial equilibrium analysis.

10. What are the causes for disequilibrium in the balance of payment? Suggest measures to correct disequilibrium

11. Examine the role of IMF in Promoting international liquidity.

3.Minicorp is a mining company. Its mission is to 'maximise profitsfor shareholders whilst recognising its responsibilities to society'. Itis considering a mining opportunity abroad in a remote country areawhere there is widespread poverty. The mining work will destroy localvegetation and may pollute the immediate water supply for some years tocome. The company directors believe that permission for the mining workis likely to be granted by the government as there are few people oranimals living in the area and the company will be providing much-neededjobs.

Identify the likely stakeholders in the company's decision.Consider their possible objectives and describe three likely conflictsin those objectives.

A company has produced a made-to-order product for a customer at acost of $50,000, which was to have been sold to the customer for$120,000.

The customer has now gone bankrupt.

The company has the option of converting the product into a different version which it estimates could be sold for $85,000.

The conversion would require the following:

(1)1,000kgs of material A. Thecompany currently has 2,500kgs in stock which was bought last month for$2.00 per kg, although the current purchase price has now increased to$2.15. Material A is regularly used in the company's other products.

(2)2,000kgs of Material B. Thecompany currently has 600kgs in stock which was bought last month for$3.00 per kg although the current purchase price is now $3.50. There isno other use for the material and it has a scrap value of $1.00 per kg.

(3)4,000 hours of skilled labour.Skilled labour is paid a fixed weekly wage and there is currently sparecapacity sufficient to provide half the required hours. The remaininghours would be made up through overtime which would be paid at $12 perhour.

(4)3,000 hours of semi skilledlabour. Semi skilled labour is paid at $6 per hour but is currentlyfully occupied on other projects. Due to union restrictions, staff willnot work overtime and there is no other labour available at such shortnotice. Therefore the only way to get the required hours is to movestaff from other production. Each hour used on this other productioncurrently generates contribution of $4 per hour (being revenue of $25,material cost of $15 and labour of $6).

(5)A machine bought for $30,000four years ago. The machine is currently being used elsewhere in thebusiness where it generates a present value of $20,000; it has a scrapvalue of $12,000. A similar replacement machine could be purchased for$15,000 and would have a zero residual value after the conversionproject.

(6)The project will take place in afactory which is currently empty. The factory is being depreciated anddepreciation for the duration of the project will be $10,000.

(7)The conversion project will be allocated a share of central overheads calculated at a rate of $4 per skilled labour.r