QUESTION ONE a) At LCH, the Financial Accountant and the Internal Auditor have been designated as Ethics Focal Persons (EFP) to raisc awareness of good ethical behaviour among the staff. Required: As a student of ethics, explain FIVE (5) reasons why good ethical behavior (study and application of ethics) is important to today's Accountant. b) The general public has high expectation of the accountancy profession and the idea of an ethical profession should be reinforced in their minds. Required: State THREE (3) reasons why the general public has high expectations of the accountancy profession to ensure good corporate governance practices. (5 marks) QUESTION TWO According to the Technical Advisor of the Board of Directors, Telemedicine, the remote diagnosis and treatment of patients by means of telecommunications technology is the way to go. This proposal has been subjected to a basic marketing feasibility analysis. Required: Using 4PS of the marketing mix and the competitive environment that LCH operates, explain the factors to be taken into consideration when deciding on whether to adopt the proposal to move into Telemedicine plarepuepromspesple (10 marks) QUESTION THREE LCH is facing very stiff competition from both public and private health facilities. You have suggested that LCH consider either acquisition or mergers or both as a strategic move to survive in the industry. Required: a) Discuss FIVE (5) advantages and FIVE (5) disadvantages of a decision to consider acquisition and merger as a survival strategy. (10marks) b) Using SWOT analysis identify and discuss key factors that might affect LCH's business strategy. (10 marks) QUESTION FOUR An appropriate organisational structure should reflect the size and complexity of an entity. Using the management study of Burns and Stalker that identified two categories of Required: organisation stricture, a mechanistic structure and an organic structure, explain the differences between the two types of structure and determine which of the two is suitable (10 marks) for LCH. QUESTION FIVE Fitzgerald and Moon (1996) provided a framework for analysing performance management systems in service industries like a hospital. They suggested that a performance management system in a service organisation can be analysed as a combination of three building blocks namely: i) Dimensions ii) Standards and iii) Rewards. Required: Using Dimensions as a tool for performance measurement, discuss how LCH could link performance assessment to corporate strategy. (10 marks) QUESTION SIX LCH has invested GH /1,000,000 in a 5 year Government of Ghana Bond with a coupon rate of 20%. As a result of the Government of Ghana DDE programme, LCH has no option but to exchange the old bond with the new bond. Required: a) Explain FIVE (5) financial reporting implications of the debt exchange on the financial statements of LCH as at 31 December 2022 . (10 marks) b) Discuss FOUR (4) advantages and TWO (2) main disadvantages of investing in bonds rather than shares. (10 marks) QUESTION SEVEN a) LCH's Board of Directors is composed of four experienced professionals. In reference to codes of corporate governance and the composition of LCH's Board, Required: ( 5 marks) analyse the view that the board has a suitable balance. b) The OECD Principles (2015) provide guidance through recommendations and annotations across six chapters. Principle 5 and 6 deals with disclosure and transparency and the responsibilities of the board respecctively." oselume Ai pectively. Aorin Provide the guidance and recommendations given on these principles and how relevant it Required: is to LCH. sue of the : Boud of owat Lmporpe 1 bales of Bon resk mangent al auturt Dressicts remunt Biscloring of oruspan QUESTION EIGHT shomeleters right Dr. Kingsley Tettey is the Chairman of the 4-member board of directors and Dr Joy Tettey is the Medical Director. Clearly the Chairman is not the Chief Executive Office or Medical Director of LCH. Required: Discuss what the Ghana Code of Best Practices and the UK Corporate Governance Code state about this governance structure. ( 8 marks) (Total: 100 marks)