A. either…or
B. neither…nor
C. so…that
D. and…or
4 (a) Explain the meaning of the term ‘working capital cycle’ for a trading company. (4 marks)
2 (a) Explain the term ‘backflush accounting’ and the circumstances in which its use would be appropriate.
(6 marks)
At the beginning of this term, our English teacher ______ a list of books for us to read.
A.turned out
B.made out
C.handed in
D.passed on
(b) Explain the meaning of the term ‘Efficient Market Hypothesis’ and discuss the implications for a company if
the stock market on which it is listed has been found to be semi-strong form. efficient. (9 marks)
The term "mental food" (last sentence) refers to ______
A.books
B.grassland
C.brains
D.subjects
(c) Explain the term ‘target costing’ and how it may be applied by GWCC. Briefly discuss any potential
limitations in its application. (8 marks)
(d) Explain the term ‘environmental management accounting’ and the benefits that may accrue to organisations
which adopt it. (4 marks)