1. Government departments do not operate to make a profit, and the objectives of a department or of a
programme of spending cannot be expressed in terms of maximizing the return on capital employed.
2. Government services are provided without the commercial pressure of competition. There are no
competitive reasons for controlling costs, being efficient or, when services are charged for (such as
medical prescriptions), keeping prices down.
3. Government departments have full-time professional civil servants as their managers, but decisions
are also taken by politicians.
4. The government gets its money for spending from taxes, other sources of income and borrowing
(such as issuing gilts) and the nature of its fund-raising differs substantially from fund-raising by
companies.
Judiesiz answered the question on August 16, 2018 at 23:13
- What are the basic assumptions of capital asset pricing model?(Solved)
What are the basic assumptions of capital asset pricing model?
Date posted: August 16, 2018. Answers (1)
- Discuss the implications of efficient market hypothesis to financial decision makers.(Solved)
Discuss the implications of efficient market hypothesis to financial decision makers.
Date posted: August 16, 2018. Answers (1)
- What should be included in the audit control file?(Solved)
What should be included in the audit control file?
Date posted: August 16, 2018. Answers (1)
- How are the aims systems development controls achieved?(Solved)
How are the aims systems development controls achieved?
Date posted: August 16, 2018. Answers (1)
- In order to be able ultimately to place reliance on the work of the internal auditor, what should the external auditor do?(Solved)
In order to be able ultimately to place reliance on the work of the internal auditor, what should the external auditor do?
Date posted: August 16, 2018. Answers (1)
- Outline the factors that are depended upon by extent of reliance in auditing.(Solved)
Outline the factors that are depended upon by extent of reliance in auditing.
Date posted: August 16, 2018. Answers (1)
- Discuss the ways an auditor record the system that he has ascertained.(Solved)
Discuss the ways an auditor record the system that he has ascertained.
Date posted: August 16, 2018. Answers (1)
- Outline the advantages of the imprest system as a system to maintain for cash payments.(Solved)
Outline the advantages of the imprest system as a system to maintain for cash payments.
Date posted: August 16, 2018. Answers (1)
- Which are traditional classifications of operation for internal control purposes?(Solved)
Which are traditional classifications of operation for internal control purposes?
Date posted: August 16, 2018. Answers (1)
- Which are traditional classifications of operation for internal control purposes?
(Solved)
Which are traditional classifications of operation for internal control purposes?
Date posted: August 15, 2018. Answers (1)
-
Discuss various types of internal control in auditing.(Solved)
Discuss various types of internal control in auditing.
Date posted: August 15, 2018. Answers (1)
- What are the responsibilities of a project manager?(Solved)
What are the responsibilities of a project manager?
Date posted: August 7, 2018. Answers (1)
- Outline the characteristics of project management process(Solved)
Outline the characteristics of project management process.
Date posted: August 7, 2018. Answers (1)
- A researcher undertook a study to show how social background influences academic achievement. He considered a population of 600 people whose composition was; 90 professionals,...(Solved)
A researcher undertook a study to show how social background influences academic achievement. He considered a population of 600 people whose composition was; 90 professionals, 115 managers, 150 skilled workers, 120 unskilled workers and 125 businessmen.
REQUIRED
What would be the most suitable sampling method for the study and why? (3mks)
Date posted: July 18, 2018. Answers (1)
- Outline five advantages of innovation in Kenya's banking sector(Solved)
Outline five advantages of innovation in Kenya's banking sector.
Date posted: July 12, 2018. Answers (1)
- Outline the limitations of deficit financing.
(Solved)
Outline the limitations of deficit financing.
Date posted: July 10, 2018. Answers (1)
- Outline the objectives of fiscal policy in developing countries.
(Solved)
Outline the objectives of fiscal policy in developing countries.
Date posted: July 10, 2018. Answers (1)
- Outline the rules of functional finance(Solved)
Outline the rules of functional finance
Date posted: July 10, 2018. Answers (1)
- What are the likely consequences of public deficit?(Solved)
What are the likely consequences of public deficit?
Date posted: July 10, 2018. Answers (1)
- Outline the objectives of the budget.(Solved)
Outline the objectives of the budget.
Date posted: July 10, 2018. Answers (1)