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This question was created from Semester_One_Final_Examinations__2016_ACCT7209_Sample


Question 1
(10 marks/ 10 minutes)
Assume you are the general manager of Hammond's Fine Gifts. Below are your relevant
Profit & Loss [Year to Date] and Balance sheet reports as at 31 August 2006.
a) In your first answer booklet, specify five critical emergent properties (critical success
factors) of the business that you would need to monitor.
b) In your first answer booklet, using the data provided in the P & L and Balance Sheet
reports, how would you judge the performance of your business as at 31 August

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