Which of the following statements concerning tort is correct?
Which of the following describes the tort of 'passing-off'?
In which of the following circumstances will a defendant be liable to pay compensation under the tort of negligence?
In the tort of negligence, what is the legal effect of res ipsa loquitur?
In which of the following circumstances would an employer be vicariously liable for the acts of an employee?
In the tort of negligence, what is the effect of volenti non fit injuria?
ix years ago material M cost $10 per kg and the price index most appropriate to the cost of material M was 130. The same index now stands at 510.What is the best estimate of the current cost of material M per kg?
Which of the following are common applications of spreadsheets used by management accountants?
(i) Variance analysis
(ii) Cash flow budgeting and forecasting
(iii) Preparation of financial accounts
A spreadsheet is unlikely to be used for which of the following tasks?
The following question is taken from the December 2012 exam paper. The following data relates to a company's overhead cost.
Time (units) Output Overhead cost ($) Price index
2 years ago 1,000 3,700 121
Current year 3,000 13,000 155
Using the high low technique, what is the variable cost per unit (to the nearest $0.01) expressed in current year prices?