ACC320 : ECONOMICS AND BUSINESS ENVIRONMENT (2017)

NATIONAL OPEN UNIVERSITY OF NIGERIA

Plot 91, Cadastral Zone, Nnamdi Azikiwe Express Way, Jabi-Abuja

Faculty of Management Sciences, Department of Financial Studies

JULY 2017 EXAMINATIONS

 
COURSE CODE:           ACC 320                                                          CREDIT UNIT: 2
COURSE TITLE:            ECONOMICS AND BUSINESS ENVIRONMENT
TIME ALLOWED: 2 hrs
Instructions:   1. Attempt question Number one (1) and any other two (2).
2. Question number 1 is compulsory and carries 30 marks, while the other questions carry 20 marks each
Present all points in a coherent and orderly manner
QUESTION 1
1a) What are the significant current economic environments that affects business?             18 Marks
1b) List 6 government goals for setting any macroeconomic policy?                                        6 Marks
1c) Discuss Inflation in details                                                                                             6 Marks
QUESTION 2
2a) Explain Normative and Positive Economics                                                               10 Marks
2b) Mention four important influences on policy decisions.                                          4 Marks
2c) It is known that there is a well-established set of goal that is widely accepted as legitimate objects of government attention. Discuss these goals.                                                         6 Marks
QUESTION 3
3a) What are the three Dominant Macroeconomic Principles?                                      6 Marks
3b) Economists often differ in their views of how the world works; Give two reasons for the difference        8 Marks
3c) What is GDP?                                                                                                                              2 Marks
3d)What are the three different ways to think about and measure GDP?                                3 Marks
QUESTION 4
4a) What is the difference between Monetary and Fiscal Policy Decisions?                 4 Marks
4b) What are the internal environmental factors that determine the success of a business organisation?                                                                                                                                    10 Marks
4c) Discuss 3 direct action environments                                                                          6 Marks
 
QUESTION 5
5a) In a tabular format, compare Business/IT strategic and application planning approaches 8 Marks
5b) With a diagram, explain the Information Technology Architecture             12 Marks
You can get the soft copy for this course or the exam summary answers for this course from 08039407882

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