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Disadvantages of a limited liability company 27 i

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Disadvantages of a limited liability company
27(i) Have topublishannual financial statements, therefore, anyone including competitors canhave access to performance of company, good or bad.(ii) Have tocomply with rigorouslegal and accounting requirements.(iii) Financial statements of larger companies have to beaudited;time consuming andexpensive.(iv) Shareissuesareregulated by law.END OF SUGGESTED SOLUTIONS
28CA ZAMBIA PROGRAMME EXAMINATIONS___________________KNOWLEDGE LEVEL___________________CA 1.2:BUSINESS STATISTICS___________________WEDNESDAY 16 DECEMBER 2020___________________TOTAL MARKS100; TIME ALLOWED: THREE (3) HOURS__________________INSTRUCTIONS TO CANDIDATES1.You have fifteen (15) minutes reading time. Use it to study the examination papercarefully so that you understand what to do in each question.2.This paper is divided into TWO (2) sections:Section A: Ten (10) compulsory multiple choice questions.Section B: One (1) compulsory scenario question.Plus Four (4) scenario questions. Attempt any Three (3) questions.3.Enter your student number and your National Registration Card number on the frontof the answer booklet. Your name mustNOTappear anywhere on your answerbooklet.4.DoNOTwrite in pencil (except for graphs and diagrams).5.Cell PhonesareNOTallowed in the Examination Room.6.The marks shown against the requirement(s) for each question should be taken asan indication of the expected length and depth of the answer.7.All workings must be done in the answer booklet.8.Present legible and tidy work.9.Graph paper (if required) is provided at the end of the answer booklet.10.A mathematical/statistical formulae book MUST be provided.Request for one ifnot given by the Invigilators.DO NOT OPEN THIS QUESTION PAPER UNTIL YOU ARE INSTRUCTED BY THEINVIGILATOR.
SECTION A(COMPULSORY)Attempt all the ten (10) multiple choice questions.QUESTION ONEEach of the following questions has only ONE (1) correct answer. Write the LETTER of thecorrect answer you have chosen in your answer booklet. Marks allocated are indicatedagainst each question.1.1A mining company buys 100 machine parts, then it is discovered that 80 of the itemsare perfect and 20 are defective. There are three (3) types of defect: A, B, C. of the20 defective items, 5 possess defect A alone, 4 have defect B alone, 2 have defect Calone, 4 have defect A and B (but not C), 3 have defect A and C (but not B) and 2have all three defects. One (1) item is randomly selected from the items bought.Two (2) different items are drawn at random. The probability that they both have allthree (3) defects is:
29(2 marks)1.2Which of the following measures is usually greater than half of the observations in

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