May 23, 2022

  MAASAI MARA UNIVERSITY REGULAR UNIVERSITY EXAMINATIONS 2013/2014 ACADEMIC YEAR THIRD YEAR FIRST SEMESTER SCHOOL OF BUSINESS AND ECONOMICS BACHELOR OF BUSINESS MANAGEMENT COURSE CODE: BBM 302 COURSE TITLE: COST ACCOUNTING   DATE: 25TH APRIL 2014 TIME: 2.00PM – 5.00PM INSTRUCTIONS TO CANDIDATES Question ONE is compulsory Answer any other THREE questions This paper consists of 5 printed pages. Please turn over. QUESTION ONE. The cost books of Narok ltd reported the profit for the year ended 30th September 2004 as 1,209,750. The financial books of the company disclosed the following position for the year ended on the same date. : Depreciation amounting to 153,650/- was charged in the cost books, whereas factory overheads in the financial books included 146,825 for the expense heading. The profit shown in the cost books has been arrived at after charging notional rent 37,500 and interest on capital 75,000/- Required: Reconcile the cost and financial books of the company clearly showing your computations and presenting your reconciliation in an orderly manner. (25mks) QUESTION TWO. a) Write short notes on the following methods of computing wages; 1) Piece rate method (2mks) 2) High time rate for overtime (2mks) 3) Differential pierce rate (2mks) b) Total output of Mr. King for one week was 560 units. He was allowed 6minutes per unit. He completed these units in 50hours. His wage rate per hour is 20/-. Required;- Calculate Mr. King’s total wage according to:- a) Halsey scheme (3mks) b) Halsey weir scheme (3mks) c) Rowan scheme (3mks) QUESTION THREE. a) Discuss the meanings and applications of the following terms;- I. Re-order level (1mks) II. Minimum stock level (1mks) III. Maximum stock level (1mks) b) The following information is provided for material Z800; Maximum consumption = 8,000 units per week. Minimum consumption = 5,000 units per week. Lead time = 5-7 weeks Re-order quantity = 40,000 units Required; i. Re- order level (3mks) ii. Minimum stock level (3mks) iii. Maximum stock level (3mks) iv. Average stock level (3mks) QUESTION FOUR. The following transactions relates to material Q200 for the month of October 2005; The firm values its stock using last in first out method (LIFO) Required: a) Prepare store ledger card for October 2005. (10mks) b) Prepare trading account for the month. (5mks) QUESTION FIVE. Mahindi enterprise ltd is located at Nairobi industrial area Kenya. The company manufactures a product “D” which is used in the building industry; the main raw material used in the manufacture of “D” is material BX000. The following information relates to material BX000: Annual requirements——————————150,000 units Ordering costs————————————–15,000/- per order Annual holdings————————————15% of the purchase price Purchase price per unit—————————-600/- Safety stock requirement————————–nil Required: a) The economic order quantity (EOQ) (5mks) b) The number of orders needed per year (5mks) c) Ordering cycle length (5mks) QUESTION SIX. a) Outline five main characteristics and essentials of contract accounting. (5mks) b) Vintage construction company Ltd won the contract for the construction of a multi-storey building at the cost of sh. 200million. The data relating to the contract for the year ended 31st December 2007 were as follows: (Sh.000) Material issued to site 80,000 Material purchased locally 15,700 Direct wages: Paid 5,800 Accrued 350 Plant purchased and installed 48,800 Direct expenditure: Paid 1,780 Accrued 70 Establishment charges 180 Material returned to store 850 Work certified 150,000 Cost of work not certified 3,800 Material on site on 31st December 5,330 Value of plant on 31st December 41,500 The company had received from the client payment amounting sh. 126 million. Required: a) Prepare contract account (5mks) b) Prepare contractee account (5mks  

    MAASAI MARA UNIVERSITY REGULAR UNIVERSITY EXAMINATIONS 2013/2014 ACADEMIC YEAR THIRD YEAR FIRST SEMESTER SCHOOL OF BUSINESS AND ECONOMICS BACHELOR OF  BUSINESS MANAGEMENT COURSE CODE:  BBM 303 COURSE TITLE: TAXATION I   DATE:16TH APRIL 2014   TIME: 9.00AM – 12.00PM INSTRUCTIONS TO CANDIDATES Question ONE is compulsory Answer any other THREE questions This paper consists of 4 printed pages. Please turn over. QUESTION ONE. China building and construction co. ltd. provided the following details with respect to its fixed assets for the year of income 2013: Written down values, 1st January 2013 ;-   Industrial building            Class I           Class II            Class III           Class IV 1,400,000/-                      460,000/-       610,000/-         800,000/-          6,200,000/- The industrial building had been constructed sometimes back at a cost of 1,600,000/-. Fixed machines were 2,000,000/-. Due to an oversight no investment deduction was claimed. During the year the following assets were purchased: Patents 200,000/- Computers 390,000/- Stamping machine 800,000/- Land 530,000/- A car for use by the directors was involved in an accident and written off. No recoveries were made. In December all computers were sold as one lot for 1,220,000/-. Assume 60% as the rate of investment deductions. Required:- Investment deduction allowance.                          (8mks) Industrial building deductions. (4mks) Wear and tear deductions. (10mks) Summary of events.                                     (3mks) QUESTION TWO. Raising of revenue is not the only purpose for which taxes are levied. In that note explain five other purposes of taxes. (5mks) Using appropriate examples were necessary, describe tax shifting, tax burden and tax incidence. (10mks) QUESTION THREE.   Name and discuss five benefits of a value added tax (VAT) in the context of the principles of good tax system. (10mks) The following purchases and sales were made by kenol ltd. (VAT No. AX45C) during the first two weeks of June 2000. Prices shown are inclusive of VAT at the standard rate of 18%.    Purchases;                                                                     Sales; -June 1st– 100 units at 1,400/- each.                  10 units at 1,800/- each -June 2nd –                       Nil                              20 units at 1,800/- each -June 5th –                       Nil                              50 units at 1,800/- each -June 7th – 75 units at 1,600/- each.                                Nil -June 10th –                                Nil                              20 units at 1,800/- each -June 12th–                     Nil                               50 units at 2,000/- each   There were no opening stocks at the beginning of the month. The physical inventory confirmed that there were 25 units in stock as at 13th June 2000. Required:- Prepare VAT account for Kenol ltd.                                                             (5mks) QUESTION FOUR. Write short notes on the following: Regressive tax (2mks) Indirect tax (2mks) Digressive tax (2mks) Proportional tax                            (2mks) Name seven important principles of an optimal tax system          (7mks) QUESTION FIVE. Mr. Kimani a farmer erected a farmhouse in January 2002 for 360,000/- and incurred other expenditures as follows: – -January 2003        Cattle dip—————————90,000/- -June          //          Labour quarters——————120,000/- -September //         Irrigation system—————–150,000/- -October     //         milling machinery—————–99,000/- He sold the farm on 1st of January 2004 to Mr. Ben another farmer and sale agreement gave the following particulars: – -Farmhouse—————————–540,000/- -Cattle dip——————————–80,000/- -Labour quarters———————–180,000/- -Irrigation systems———————120,000/- -Milking machinery———————75,000/- Required; – Show capital deduction due to Mr. Kimani and Mr. Ben for the year 2002, 2003 and 2004. (15mks) QUESTION SIX. Mr. Mwangi is finalizing his tax affairs for the year of income 2008. He had the following income transactions for the year:-   He paid sh.52, 000 Value Added Tax on all his purchases for the year. He was an employee of sonny sugar co. ltd. and was paid an annual salary of sh. 600,000 (P.A.Y.E.) deducted was sh. 147,500). Pension contributions to registered schemes were sh. 100,000 by his employer and sh. 50,000 from his pay. A dividend received was sh. 40,000 gross. (Withholding tax was deducted as appropriate). Gross interest received was sh. 18,000 of which sh. 10,000 were from post office savings bank. Mr. Mwangi’s expenses for the year were as follows:- Personal accident insurance premium of sh. 9,000 paid to American Life Insurance Company. Mortgage interest of sh. 62,000 on his house where they stay with his wife and children. The mortgage is from savings and loan Kenya ltd. The following information is available for tax application:- Graduated rates;                                          Rates; Upto 121,968                                                 10% 121,969 – 236,880                                         15% 236,881 – 351,792                                         20% 351,793 – 466,704                                         25% 466,705 and above                                         30% Required:   What is a registered pension scheme? What are its implications? (5mks) Compute the income chargeable to tax of Mr. Mwangi for the year end 2008. (5mks) Calculate the tax payable (repayable) by him for 2008. (5mks)    

MAASAI MARA UNIVERSITY REGULAR UNIVERSITY EXAMINATIONS 2013/2014 ACADEMIC YEAR THIRD YEAR FIRST SEMESTER SCHOOL OF BUSINESS AND ECONOMICS BACHELOR OF HUMAN RESOURCE MANAGEMENT   COURSE CODE: BHR 205 COURSE TITLE: TAXATION DATE:14TH APRIL 2014 TIME: 9.00AM – 12.00PM INSTRUCTIONS TO CANDIDATES Question ONE is compulsory Answer any other THREE questions This paper consists of 5 printed pages. Please turn over QUESTION ONE. Mr. Matura, a farmer constructed a farmhouse in January 1998 for sh. 6,000,000 and incurred the following additional expenditure: – -2nd January 1998 Cattle dip—————————-1,000,000 -30th June 1998 Irrigation system——————-1,500,000 -30th September 1998 Labour quarters———————2,400,000 -30th October 1998 Milking machinery—————–1,120,000 Matura sold the farm on 2nd January 1999 to his brother Mr. Peter who is also a farmer and sale agreement contained the following particulars: – -Farmhouse——————————6,700,000 -Cattle dip——————————–1,200,000 -Labour quarters————————-2,800,000 -Irrigation systems———————-1,200,000 -Milking machinery———————980,000 Required; – Show capital deduction due to Mr. Matura and Mr. Peter for the year 1999, 2000 and 2001. (25mks) QUESTION TWO. Mr. Kimani, an employee of Kenya breweries co. was provided with the following income in the year 2010; -Salary 60,000£ p.a. -Provided with the house by the company at 15,000/- per month. -He contributed 3% of the basic pay towards the house rent. -He was provided with a car of 2500cc. -Water 800£ -Electricity 1,200£ -Phone 710£ Required; Compute Mr. Kimani’s taxable income. (15mks) QUESTION THREE. Public revenue is the amount received by the government from different sources. Required; Name and explain these main sources of government revenue. (15mks) QUESTION FOUR. Government is expected to carry out some activities as part of its services to the public. These activities are generally of universal application, but where applicable, a Kenyan example is given to drive the point home. Required; In this note discuss any five of these activities (15mks) QUESTION FIVE. Given below were the purchases and sales made by Tough Limited during the month of December 2000. Prices were inclusive of VAT at the standard rate of 18%. December 2000; 1st – Purchased 400 units at sh. 5,600 per unit 1st – Sold 40 units at sh. 7,200 per unit 5th – Sold 80 units at sh. 7,200 per unit 10th- Sold 200 units at sh. 7,200 per unit 20th- Purchased 300 units at sh. 6,400 per unit 25th- Sold 80 units at sh. 7,200 per unit 30th- Sold 200 unit at sh. 8,000 per unit There were no inventory at the beginning of the month but 100 units were in stock at the end of the month. Required:- a) Prepare VAT account for the month of December 2000 (12mks) b) On what dates is VAT due payable on instalment? (3mks) QUESTION SIX. a) Using descriptive examples explain any five incomes exempted from tax (10mks) b) Outline five common causes of tax evasion (5mks)  

  MAASAI MARA UNIVERSITY REGULAR UNIVERSITY EXAMINATIONS 2013/2014 ACADEMIC YEAR THIRD YEAR FIRST SEMESTER SCHOOL OF BUSINESS AND ECONOMICS BACHELOR OF BUSINESS MANAGEMENT COURSE CODE: BBM 305   COURSE TITLE: PENSION ACCOUNTING DATE:17TH APRIL 2014 TIME: 2.00PM – 5.00PM INSTRUCTIONS TO CANDIDATES Question ONE is compulsory Answer any other THREE questions This paper consists of 5 printed pages. Please turn over. QUESTION ONE Strategic co Ltd. a registered company based in the city of Nairobi is finalizing the preparation of its employee’s data regarding their annual contributions to the National Social Security Fund. The following information is available for Mrs. Karei for the period of his employment:- Required:- a) Compute the amount of pension payable per month. b) Death cum retirement gratuity(in lumpsum) c) Commutation (age factor 10.46) d) Value of reduced pension (25mks) QUESTION TWO Explain the following forms of pension plans; 1) Public pension fund (3mks) 2) Occupational pension scheme (3mks) 3) Individual pension plan (3mks) 4) Defined contribution plans (3mks) 5) Defined benefit plans (3mks) QUESTION THREE On 31st December 2004, Elianto corn oil ltd discontinued a section of its business dealing with production of cooking oil. The employees of the discontinued section will earn no further benefits. The actuarial assumptions immediately before the curtailment showed a define benefit obligation with a net present value of 1,000,000/- and a plan asset with a fair value of 820,000/-. The cumulative unrecognized actuarial gains amount to 50,000/-. Elianto ltd had adopted the new standard on employee benefit on 1st January 2004 a time when the increased net liability was recognised as 100,000/- which was to be recognised over five years. The curtailment reduced the net present value of the obligation by 100,000/-. Required: Compute the amount of net liability to be recognised in the balance sheet as at 31st December 2004. (15mks) QUESTION FOUR a) What is a registered pension scheme? Explain using a formatted structure as per the RBA regulations. (5mks) b) A registered pensionable member is entitled to certain mandatory rights. Explain five of these rights as required by the pension plan. (5mks) QUESTION FIVE ABC Ltd provides lumsum benefit payment on termination of service at the rate of 1% of final salary for each year of service. An employee current salary is100, 000/- and is expected to grow at the rate of 7% per annum (compounded). The approximate discount rate is 10% per annum. The employee is expected to leave employment at the end of five years. Required: a) Compute the amount of current service cost (5mks) b) Amount of interest cost (5mks) c) Retirement obligation for each of the years (5mks) QUESTION SIX a) Pension benefits are paid far out into the future, but how and when they will be paid is uncertain. An actuarial assumption explains extensively the implications of such payments. In that note discuss these two primary types of assumptions: i. Economic assumptions. (4mks) ii. Demographic assumptions (4mks) b) The balances of a define benefit plan are as follows: Present value of obligations 1,100,000/- Unrecognized actuarial losses 110,000/- Unrecognized increase in liability on introduction of new standard (50,000/-) Past service costs (unrecognized) (70,000/-) Fair value of assets 1,190,000/- Present value of available future refunds and reductions 100,000/- Required: Compute the amount of defined benefit liability (asset) (7mks)

  MAASAI MARA UNIVERSITY REGULAR UNIVERSITY EXAMINATIONS 2013/2014 ACADEMIC YEAR THIRD YEAR FIRST SEMESTER SCHOOL OF BUSINESS AND ECONOMICS BACHELOR OF BUSINESS MANAGEMENT   COURSE CODE: BBM 302 COURSE TITLE: COST ACCOUNTING DATE: 25TH APRIL 2014 TIME: 2.00PM – 5.00PM INSTRUCTIONS TO CANDIDATES Question ONE is compulsory Answer any other THREE questions This paper consists of 5 printed pages. Please turn over. QUESTION ONE. The cost books of Narok ltd reported the profit for the year ended 30th September 2004 as 1,209,750. The financial books of the company disclosed the following position for the year ended on the same date. Manufacturing account for the year ended September 2004 Depreciation amounting to 153,650/- was charged in the cost books, whereas factory overheads in the financial books included 146,825 for the expense heading. The profit shown in the cost books has been arrived at after charging notional rent 37,500 and interest on capital 75,000/- Required: Reconcile the cost and financial books of the company clearly showing your computations and presenting your reconciliation in an orderly manner. (25mks) QUESTION TWO. a) Write short notes on the following methods of computing wages; 1) Piece rate method (2mks) 2) High time rate for overtime (2mks) 3) Differential pierce rate (2mks) b) Total output of Mr. King for one week was 560 units. He was allowed 6minutes per unit. He completed these units in 50hours. His wage rate per hour is 20/-. Required;- Calculate Mr. King’s total wage according to:- a) Halsey scheme (3mks) b) Halsey weir scheme (3mks) c) Rowan scheme (3mks) QUESTION THREE. a) Discuss the meanings and applications of the following terms;- I. Re-order level (1mks) II. Minimum stock level (1mks) III. Maximum stock level (1mks) b) The following information is provided for material Z800; Maximum consumption = 8,000 units per week. Minimum consumption = 5,000 units per week. Lead time = 5-7 weeks Re-order quantity = 40,000 units Required; i. Re- order level (3mks) ii. Minimum stock level (3mks) iii. Maximum stock level (3mks) iv. Average stock level (3mks) QUESTION FOUR. The following transactions relates to material Q200 for the month of October 2005; The firm values its stock using last in first out method (LIFO) Required: a) Prepare store ledger card for October 2005. (10mks) b) Prepare trading account for the month. (5mks) QUESTION FIVE. Mahindi enterprise ltd is located at Nairobi industrial area Kenya. The company manufactures a product “D” which is used in the building industry; the main raw material used in the manufacture of “D” is material BX000. The following information relates to material BX000: Annual requirements——————————150,000 units Ordering costs————————————–15,000/- per order Annual holdings————————————15% of the purchase price Purchase price per unit—————————-600/- Safety stock requirement————————–nil Required: a) The economic order quantity (EOQ) (5mks) b) The number of orders needed per year (5mks) c) Ordering cycle length (5mks) QUESTION SIX. a) Outline five main characteristics and essentials of contract accounting. (5mks) b) Vintage construction company Ltd won the contract for the construction of a multi-storey building at the cost of sh. 200million. The data relating to the contract for the year ended 31st December 2007 were as follows: The company had received from the client payment amounting sh. 126 million. Required: a) Prepare contract account (5mks) b) Prepare contractee account (5mks …………………………………………END……………………………..

BBM 403 ADVANCED ACCOUNTING II – SUPPLIMENTARY Q1. The Shires Property Construction Company Ltd found itself in financial difficulty. The following is a trial balance at 31st December 2009 extracted from the books of books of the company. The authorized share capital is 200,000 ordinary shares of £1 each and 100,000 5% cumulative preference shares of £1 each. During a meeting of shares and directors, it was decided to carry out a scheme of internal reconstruction. The following scheme has been agreed. Each ordinary share is to be redesignated as a share of 25p. The existing 70,000 preference shares are to be exchanged for a new issue of 35,000 8% cumulative preference shares of £1 each and 140,000 ordinary shares of 25p each. The ordinary shareholders are to accept a reduction in the nominal value of their shares from £1 to 25p, and subscribe for a new issue on the basis for 1 for 1 at a price of 30p per share. The debenture holders are to accept 20,000 ordinary shares of 25p each in lieu of the interest payable. The interest rates is to be increased to 9½ %. A further £9,000 of this 9½% debenture is to be issued and taken up by the existing holders at £90 per £100. £6,000 of directors loan is to be canceled. The balance is to be settled by issue of 10,000 ordinary shares of 25p each. Goodwill and the profit and loss account balance are to written off. The investment in shares is to sold at the current market price of £60,000. The bank overdraft is to be repaid. £46,000 is to be paid to trade creditors now and the balance at quarterly intervals. 10% of the debtors are to be written off. The remaining assets were professionally valued and should be included in the books and accounts as follows: Land £90,000 Building 80,000 Equipment 10,000 Stock and work in progress 50,000 It is expected, that due to changed conditions and new management, operating profits will be earned at the rate of £50,000 pa after depreciation but before interest and tax. Due to losses brought forward and capital allowances it is unlikely that any tax liability will arise until 2007. Show the necessary journal entries including cash, to effect the reconstruction scheme. ( 8 Marks) Prepare the balance the sheet of the company immediately after the reconstruction. ( 7Marks) Show how the anticipated operating profits will be divided amongst the interested parties before and after the reconstruction, and ( 8 Marks) Comment on the capital structure of the company subsequent to reconstruction. ( 2 Marks) Q2. The current cost balance sheet of a company contained the following figures. £000 Current assets Bank & cash (not included in MWC) 450 Required Calculate the current cost gearing proportion. ( 15 Marks) Q3. The following id the Branch Trial Balance of Arusha Limited at 31 December 1993. – Depreciation is provided for on plant at 10% p.a on cost at the year end. Required: i. Prepare the Branch Trading Profit and Loss Account for 1993 using – Historical rate assuming the branch current on head office books was shown at Ksh. 7,450. – Closing rate assuming the branch current account in the head office books was shown at Ksh. 10,567. ii. Comment on the nature of the profit on exchange ( 15 Marks) Q 4 State the functions of each of the following: a) KASNEB ( 5 Marks) b) Registration of Accountants Board (RAB) ( 5 Marks) c) ICPAK ( 5 Marks) Q 5 Explain the following: a) Arguments for Inflation Accounting ( 5 Marks) b) Objectives of Inflation Accounting ( 5 Marks) c) Limitations of Inflation Accounting ( 5 Marks)  

MAASAI MARA UNIVERSITY CULTURE AND MANAGEMENT SPECIAL EXAM ANSWER QUESTION 1 AND ANY OTHER TWO QUESTION 1 i) Define culture ( 2 marks) ii) Distinguish between substantive and emotional conflict ( 4 marks) iii) Explain how perceptions influence individual worker’s behavour in the work place ( 6 marks) iv) Explain five different types of teams ( 5 marks) v) Discuss the ingredients for an effective team ( 8 marks) vi) Explain the roles played by organizational culture ( 5 marks) QUESTION 2 i) As a manager, explain how you can use teams to promote the achievement of the firm’s objectives ( 9 marks) ii) Distinguish between organizational culture and organizational climate ( 6 marks) iii) Highlight the main features of organizational culture are as follows ( 5marks) QUESTION 3 i) How can mangers create and lead high performance teams? ( 7 marks) ii) Discuss the characteristics of organizational culture ( 8 marks) iii) Briefly explain five ways to deal with conflict at the work place ( 5 marks) QUESTION 4 i) By use of the management process, highlight the requisite management skill that a manager requires to be effective ( 12 marks) ii) How does organizational culture promote or inhibit the attainment of organizational goals? ( 8 marks) QUESTION 5 i) Discuss the elements of organizational culture ( 10 marks) ii) How can managers leverage on the organizational culture to promote change? ( 6 marks)  

BBM 360: ORGANIZATIONAL THEORY AND BEHAVI SUP/SPE EXAM Instruction: Answers question one and any other three questions. SECTION A Question one (a) Differentiate between situational and personal attribution ( 3 mks) (b) Explain how learning takes place, starting from external stimuli ( 5 mks) (c) What is behavior? ( 1 mk) (d) Describe the two dimensions of cognitive psychology ( 7 mks) (e) Make short notes on the following: ( i) perception ( 3 mks) ( ii) attitude ( 3 mks) (iii) Congruence ( 3 mks) SECTION B Question two Discuss the three theories of learning ( 15 mks) Question three Describe the five types of information systems used in an organization ( 15 mks) Question four Outline the process of training needs analysis ( 15 mks) Question five Discuss the importance of human psychology in organizational success ( 15 mks) Question six Discuss in detail the following concepts: (a) motivation ( 5 mks) (b) personal development plans ( 5 mks) (c) productivity ( 5 mks)

SUPPLEMENTARY EXAM MARKING SCHEME. 1. (a) Pure research Applied research Studies any problem. Studies problems with important social consequences Aims at contributing to theory and techniques of the discipline Aims at solving problems. Requires mainly technicaljudgments. Requires a sense of what the situation and personalities can bear. Concludes in generalization Studies individual cases without the objective to generalize Reports in technical language of the discipline Reports in common language. (b)  Should express the relationship between two or more variables.  Possibilities for empirical verification and testing.  The problem should be related and unambiguously in the form of questions.  The research problem should neither too narrow nor vague.  Should add knowledge to improve current practices. (c)  Non-availability of sufficient data.  Availability of resources  Knowledge and skill of the researcher  Availability of time  External and uncontrollable factors (d)  Suggesting theories.  Testing theories  Describing social phenomena (e)  less expensive than census  Less time consuming  Creates suitability in most situations  Reliable.  It is scientific in nature. 2( a)  Defining the population or universe to be surveyed  Specifying the sampling frame  Specifying sampling unit  Specifying the sampling methods  Determining the sample size  Specifying the sampling plan  Selection of the sample. (b)  empirical problems  Analytical problems  Normative problems. (3)  introduction  Statement of the problem  Review of the previous studies  Scope of the study  Objectives of the study  Hypothesis of the study  Chapter arrangement  Finding , suggestions and conclusions   4(a)  Religion and customs  Personal experience and individual reaction  Exception of an accepted theory  Folk wisdom or current popular beliefs and practices.  Analogies. (b)  saves the researchers time and energy  Ensures a proper time schedule  Builds confidence and hope in the mind of the researcher, 5 (a)  interviews  Questionnaire  schedule  Diaries. (b)  Data collection.  Data editing  Checking reliability and validity  Data analysis    

MAIN EXAM MARKING SCHEME. 1(a)  To find out the hidden truth of a particular truth in regard to a particular problem.  To highlight the significance of the phenomenon under study  To test the hypothesis of casual relationship between variables.  To focus on the characteristics of a particular group, individual or situation.  To write a report based on the findings of the research. (b)  Saves the researcher’ time and energy.  Helps in preparing and executing the various research activities.  For better documentation of the research activities.  Ensures a proper time schedule.  Builds confidence in the minds of the researcher for proper completion of work. (c)  Search for knowledge through objective and systematic method of finding a proper and feasible solution to a problem.  A statement capable of being tested and thereby accepted or rejected.  The process of drawing a sample from a larger population or universe. (d)  Representative of the whole data  Independently included of one another  Adequate for deriving conclusion  Homogeneous with other units Null hypothesis Alternative hypothesis Stated negatively Stated positively Should always be specific Should always be an alternative of the null hypothesis The researcher wishes to disapprove it The researcher wishes to approve it. Symbolized as H0 Symbolized as Ha   SECTION B. 2  Stratified random sampling  Systematic sampling  Cluster and Area sampling  Multi-stage sampling  Sequential sampling. 3(a)  Should be capable of being tested.  Should be specific and limited in scope.  Should be consistent with most known facts.  Should be clear and precise  Should state relationship between variables 4(a)  Applied research  Analytical research  Descriptive research  Exploratory research  Experimental research  Fundamental research  Historical research (b)  internet  Books  Journal 5(a)  theoretical review  theoretical framework  empirical review  Conceptual framework.  Summary of variables. b) (i) the procedure to determine quantitative measure of abstracts concepts like leadership style, brand image, attitude, e.t.c. (ii) Qualitative analysis refers to the analysis of the non-numerical variables used in the study. (iii)Quantitative analysis is the analysis of the numerical variables in a particular study.      

MAASAI MARA UNIVERSITY BBM 351: RESEARCH METHODS SUPPLEMENTARY EXAM   ANSWER QUESTIONS ONE ANY TWO QUESTIONS QUESTION 1: COMPULSORY 30 MARKS (a) Give five differences between pure research and applied research. (10marks) b) State the criteria used to identify a good research problem in social research. (5marks) (c) Explain four factors that force a researcher to alter research design. (8marks) (d) State three functions of formulating a hypothesis. (3marks) (e) Highlight the major reasons of using the sampling techniques. (4marks) 2(a) Discuss seven major steps to be taken in the process of selection of a sample. (14marks) (b)Explain three research problems.(6marks) 3. ‘Research is a process of arriving at effective solutions through systematic collection, analysis and interpretation of data’. In relation to this statement by Mouly, discuss how research is systematic and illustrate the systematic structure of a research proposal. (20marks) 4(a) Explain any six sources used for forming an hypothesis . (12marks) b) Explain four advantages of preparing a research design (8marks) (5)Discuss any five primary data collection methods that can be used by a researcher. (10marks) (b) Briefly explain the steps involved in data processing. (10marks)

BBM 310 BUSINESS FINANCE SUPPLIMENTARY EXAM Answer all questions in section A and any other one from section B SECTION A QUESTION ONE a) Define agency relationship from the context of a public limited company and briefly explain how this arises (4marks) b) Explain measures that would minimize agency problems between the owners and management in a public company (8marks) c) Differentiate between the following sets of terms: i) Primary markets and secondary markets (4marks) ii) Capital markets and money markets (4marks) QUESTION TWO a) Consider an investor who expects to receive ksh. 24000 at the end of each year for the next four years. If the market interest rate for the next four years is expected to be 12%, determine the future values of these cash flows. (4marks) b) Prime developers ltd is considering investing in two projects A and B. The returns and probabilities of the project are as shown below;   Required: Calculate the i) Expected monetary value ii) The standard deviation and iii) The coefficient of variation of the two projects (15marks) c) Kericho Farm Supplies Ltd intends to acquire farm machinery whose initial cost is ks 2.4 million with a residual value of ksh. 400,000. The machinery is estimated to have a four year economic life. During its 4 year economic life it is expected to generate the following revenues: Year 1 2 3 4 Revenues sh.“000” 1500 1640 1800 1420 The annual operating expense of the machinery is estimated to be ksh. 800,000 p.a. The machinery will be depreciated using straight line method. The corporate tax rate is 35% payable in the year in which the income relates. Required; By using the cash flow statement determine the cash flow to be generated by the machinery (20marks) SECTION B QUESTION ONE a) Describe what valuation of financial assets is and of what importance it is to the firm (5marks) b) Eastern star ltd has issued preference shares that promise to pay ksh. 6 as dividends per share each year. The cost of the preference share is 12%. Required: i) Determine the intrinsic value of the preference share. (3marks) ii) If the current market price of the preference share is sh. 60, is the share overvalued or undervalued by the market forces (2marks) QUESTION TWO a) Explain the role of capital markets authority (CMA) in an economy. (4marks) b) i) Differentiate between systematic and unsystematic risks. (4marks) ii) What is risk-return tradeoff? (2marks)