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INSIGHT
EXAMINERS GENERAL COMMENTS
BREACH OF EXAMINATION INSTRUCTIONS
IN SPITE OF THE EXAMINERS GENERAL COMMENT IN PREVIOUS EDITIONS OF
THE INSIGHT, IT WAS OBSERVED THAT A NUMBER OF CANDIDATES HAVE
CONTINUED TO BREACH EXAMINATION INSTRUCTIONS AS STATED BELOW:
A) BY ATTEMPTING MORE QUESTIONS THAN ALLOWED IN EACH PAPER;
AND
B) BY ATTEMPTING MORE QUESTIONS THAN ALLOWED IN EACH SECTION
INADEQUATE COVERAGE OF THE SYLLABUS
IT HAS BECOME MANIFEST THAT MANY CANDIDATES DO NOT COVER THE
SYLLABUS IN DEPTH BEFORE PRESENTING THEMSELVES FOR THE
EXAMINATION CANDIDATES ARE THEREFORE ADVISED TO BE ADEQUATELY
CONVERSANT WITH ALL ASPECTS OF THE SYLLABUS
ATSWA PART I MARCH 2011 I
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INSIGHT
FOREWORDFOREWORD
T!"# "##$% &' INSIGHT"# ($*"#!%+ ("-."(/**0, "- %#(&-#% 1& / 2&3"-2 +%4/-+, /# /- /"+
1&:
5") C/-+"+/1%# (%(/"-2 1& 3"1% '$1$% %6/4"-/1"&-# &' 1!% I-#1"1$1% &'C!/1%%+ A..&$-1/-1# &' N"2%"/ 5ICAN) /1 /- %7$"8/*%-1 *%8%*;
5"") U-#$..%##'$* ./-+"+/1%# "- 1!% "+%-1"'"./1"&- &' 1!% /%/# "- 3!".! 1!%0* 4/9# /-+ -%%+ 1& "4(&8% 1!%" 9-&3*%+2% /-+ (%#%-1/1"&-;
5""") L%.1$%# /-+ #1$+%-1# "-1%%#1%+ "- /.7$"#"1"&- &' 9-&3*%+2% "- 1!%%*%8/-1 #$%.1 .&-1/"-%+ 1!%%"-; /-+
5"8) T!% (&'%##"&- "- "4(&8"-2 (%%6/4"-/1"&- /-+ #.%%-"-2 (&.%##%#,/-+ #& 1!% (&'%##"&-/* (%'&4/-.%
T!% /-#3%# (&8"+%+ "- 1!"# &&9 +& -&1 %6!/$#1 /** (#"*% /*1%-/1"8% /((&/.!%# 1&
#&*8"-2 1!% 7$%#1"&-# E''&1# !/8% %%- 4/+% 1& $#% 4%1!&+#, 3!".! 3"** #/8% 4$.! &' 1!%
#./.% %6/4"-/1"&- 1"4%
I1 "# !&(%+ 1!/1 1!% #$22%#1%+ /-#3%# 3"** (&8% 1& % &' 1%4%-+&$# /##"#1/-.% 1& #1$+%-1#
/-+ 1!% 3!& /##"#1 1!%4 "- 1!%" (%(//1"&-# '& 1!% I-#1"1$1%# E6/4"-/1"&-#
CONTENTS PAGE
ATSWA PART I MARCH 2011 II
NOTE
A*1!&$2! 1!%#% #$22%#1%+ #&*$1"&-# !/8% %%- ($*"#!%+ $-+%
1!% I-#1"1$1%# -/4%, 1!%0 +& -&1 %(%#%-1 1!% 8"%3# &' 1!%
C&$-."* &' 1!% I-#1"1$1% T!%0 /% %-1"%*0 1!% %#(&-#""*"10 &'
1!%" /$1! /-+ 1!% I-#1"1$1% 3"** -&1 %-1% "-1& /-0
.&%#(&-+%-.% /&$1 1!%4
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INSIGHT
BASIC ACCOUNTING PROCESSES AND SYSTEMS 1 - 25
ECONOMICS 26 - 42
BUSINESS LAW 4 - 55
COMMUNICATION S!ILLS 56 - "0
ATSWA PART I MARCH 2011
III
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INSIGHT
AT#111#PI$1 EXAMINATIONNO%
&&&&&&&&&&&&&
ASSOCIATION OF ACCOUNTANCY BODIES IN WEST AFRICA
ACCOUNTING TECHNICIANS SCHEME
PART I EXAMINATION ' MARCH 2011
BASIC ACCOUNTING PROCESSES AND SYSTEMS
T()* +,,.*/% 3
I3* E7+)(+( )8* ( * 39+:* 9;(/*/ +8;*
SECTION A ' A*)9 A,, Q*3(3
PART I MULTIPLE-CHOICE QUESTIONS
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INSIGHT
D L>,>E L >,
W!".! &' 1!% '&**&3"-2 "1%4# "# NOT/ P&(%10, P*/-1 /-+ E7$"(4%-1=
A M&1& 8%!".*%B L/-+ /-+ $"*+"-2C F$-"1$% /-+ '"11"-2#D C/("1/*E M/.!"-%0
T!% %6.%## &' 1!% #%**"-2 (".% &' 2&&+# &8% 1!% . (".% &' 2&&+# "#:
A M/-$'/.1$"-2 (&'"1#B T&1/* (&'"1C G# (&'"1D D%(/14%-1/* (&'"1E N%1 (&'"1
I' &(%-"-2 #1&.9 "#
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INSIGHT
(% /--$4
A..&$-1"-2 0%/ $-# '&4 K/-$/0 1& D%.%4% W!/1 "# 1!% +%(%."/1"&- .!/2% '& 1!% 0%/=
U-$#%+ .!%7$% &&9#, %.%"(1 /-+ .%+"1 -&1% &&9# 9%(1 $-+% *&.9 /-+ 9%0 /% 9-&3- /#
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INSIGHT
QUESTION 1
A/2/+" !/# %%- "- 1!% %4(*&04%-1 &' G/#1 L"4"1%+ #"-.% < #1K/-$/0 > &- /- /--$/* #/*/0 &' L%>, H"# &1!% /**&3/-.%# /% "-.&-8%-"%-.% /**&3/-.% L% ,, *%/8% /**&3/-.% L% >, /-+ &1!%
/**&3/-.%# L% @,
H% "# 4/"%+ 3"1! 13& .!"*+%- /11%-+"-2 #%.&-+/0 #.!&&*# "- N"2%"/ H% .&-1"$1%+ 1& #&."/* #%.$"10
#.!%4%# /-+ 7$/*"'"%# '& 1!% '&**&3"-2 %*"%'#:
L%
M/"/2% ?
C!"*+ %+$./1"&- @
A2%+ +%(%-+%-1 54/6"4$4) @
Y +* *?(*/ %
5/) 5") C/*.$*/1% !"# 2# "-.&4%, 1&1/* #1/1$1&0 +%+$.1"&-# /-+ 1/6/*% (/0
5"") D%1%4"-% -%1 (/0 "- > $#"-2 "-.&4% 1/6 /1% &'
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INSIGHT
("(%# N %/.!
T/+% +"#.&$-1 /1 , 1!% '&**&3"-2 "-'&4/1"&- 3/# %61/.1%+ '&4 !"# &&9#:
B&$2!1
K/-$/0 > ? $-"1# /1
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5/) D%1%4"-% 1!% .*"-2 #1&.9"-1/+% 1!/1 3&$*+ % #!&3- $#"-2 %/.! &' 1!%#% 4%1!&+#:
" FIFO 5? M/9#)
"" LIFO 5? M/9#)""" A8%/2% C 5? M/9#)
5) D/3 $( 1!% 1/+"-2 /..&$-1 '& 1!% 0%/ #!&3"-2 1!% 2# (&'"1# 1!/1 3&$*+ % %(&1%+ $#"-2%/.! &' 1!% /&8% 4%1!&+# 5 M/9#)
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INSIGHT
D%1 , ,@
C%+"1 ?, @,@
R/1%# (%(/"+ ? >@
5"") L&-21%4 /##%1# /# /1 < K/-$/0 >: L
F$-"1$% ,>
M&1& 8%!".*%# ,
B$"*+"-2# ,
5""") C/#! /1 /-9 &- < K/-$/0 > 3/# L >,
5"8) L&-21%4 /##%1# #!&$*+ % +%(%."/1%+ /# '&**&3#:
F$-"1$% /-+ $"*+"-2#
M&1& 8%!".*%# >
Y +* *?(*/ 9*9+* *%
5/) S1/1%4%-1 &' A''/"# /# /1 < K/-$/0 > 5? M/9#)5) C/#! &&9 5? M/9#)5.) T/+"-2, P&'"1 /-+ L# A..&$-1 /-+ 5@
M/9#)
5+) B/*/-.% #!%%1 /# /1 ?< D%.%4% > 5@
M/9#) , !% ($.!/#%+ 4&1& 8%!".*% '& N>,, H% (&8"+%# '& +%(%."/1"&- $#"-2
1!% %+$."-2 /*/-.% 4%1!&+ /1 1!% /1% &' > (% /--$4 T!% 4&1& 8%!".*% 3/# +"#(%+ &'
&- < K/-$/0 > '& N, A -%3 8%!".*% 3/# &$2!1 "- %(*/.%4%-1 &- 1!% #/4% +/0 '&
N?4"**"&-
Y +* *?(*/ 9*9+* *%
5") M&1& 8%!".*% /..&$-1 5 M/9#)5"") P&8"#"&- '& +%(%."/1"&- /..&$-1 5 M/9#)5""") M&1& 8%!".*% +%(/* /..&$-1 5> M/9#)
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INSIGHT
QUESTION 6
5/) T!% ./#! &&9 /*/-.% &' S%#%*$ S&-# /# /1 ?< D%.%4% > #!&3%+ / +%"1 /*/-.% &'
N,, 3!".! 3/# +"''%%-1 '&4 1!% /*/-.% &- 1!% /-9 #1/1%4%-1
Y&$ "-8%#1"2/1"&- %8%/*%+ 1!% '&**&3"-2:
5") B/-9 .!/2%# &' N?, &- 1!% /-9 #1/1%4%-1 3/# 0%1 1& % (%+ "-1& 1!% ./#! &&9
5"") A .!%7$% &' N@, +/3- 1& (/0 / #$((*"% 3/# (%+ "-1& 1!% ./#! &&9 /# / %.%"(1
5""") A .!%7$% &' N M/9#)
""" T!% /..&$-1"-2 1%/14%-1 &' *"9% "1%4# #!&$*+ % .&-1"-$&$#*0 /((*"%+ '&4 &-%/..&$-1"-2 (%"&+ 1& 1!% -%61 5> M/9#)
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INSIGHT
SECTION A
PART I MULTIPLE-CHOICE QUESTIONS
A
? E
@ D
D
C
E
C
C
>
G# P&'"1S%**"-2 P".%
,
Q
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INSIGHT
EXAMINERS COMMENT
E6.%(1 '& 7$%#1"&- >, 1!% 7$%#1"&-# 3%% 2%-%/**0 2&&+ Q$%#1"&- 13& 3/# 3&-2*0 3&+%+
/-+ #& 1!% /-#3% 3/# +%."+%+ "- '/8&$ &' 1!% ./-+"+/1%# T!% ./-+"+/1%# (%'&4/-.% "#, &-
1!% /8%/2%, 2&&+
SHORT ANSWER QUESTIONS
E-1"10 C&-.%(1
? C%+"1 N&1%
@ L/-+
S"6 0%/# 0%/#
N,>
C/("1/* E4(*&0%+
N@,
S%.$"10 D&.$4%-1#
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INSIGHT
>? D%"1 N&1%
>@ O#&*%1%
> A..$%+ %6(%-#%#A..$/*#
> L/#1"-F"#1&$1 5LIFO)
> C!%7$% C&$-1%'&"*C!%7$% #1$
> C&-1&* /..&$-1T&1/* A..&$-1
> &8%+/3- /*/-.%
W( N*3
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INSIGHT
EXAMINERS COMMENT
A** 1!% S!&1A-#3% Q$%#1"&-# /% .&-#"+%%+ 2&&+ /-+ ./-+"+/1%# 2%-%/**0 #.&%+ /&8%
/8%/2%
SECTION B
SOLUTION 1
5/)" COMPUTATION OF AAGADIS TAXABLE PAY
L* L*
B/#". S/*/0 5>) >,I-.&-8%-"%-.% /**&3/-.% ,L%/8% /**&3/-.% >,
O1!% /**&3/-.% @,G# I-.&4% ?@,
L%##: S1/1$1&0 +%+$.1"&- R%*"%'#:
S&."/* S%.$"10 5>, 6 ) ,A++: A**&3/-.%# 5,>,@,)
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INSIGHT
SOLUTION 2
K/- 1&-# &'
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INSIGHT
E6/4(*%# &' &&9# &' &"2"-/* %-10 /%:
S/*%# D/0 B&&9 & S/*%# K&$-/*
P$.!/#%# D/0 B&&9 & P$.!/#% K&$-/*
S/*%# R%1$-# B&&9 & R%1$- I-3/+# K&$-/*
P$.!/#%# R%1$- B&&9 & R%1$-# O$13/+# B&&9 G%-%/* K&$-/*
C/#! B&&9
P%110 C/#! B&&9
EXAMINERS COMMENT
T!"# 7$%#1"&- 1%#1%+ 1!% /#". (%(//1"&- &' 1!% &&9 &' ("4% %-10 $1 "- /- /-/*01"./* '&4
C/-+"+/1%# #$..%%+%+ "- +/3"-2 1!% S/*%# D/0 B&&9 $1 '/"*%+ 1& (%#%-1 1!% /-/*0#"# (/1
C/-+"+/1%# /% /+8"#%+ 1& #1$+0 1!% %6/4"-%# #$22%#1%+ #&*$1"&- 8%0 3%** "- ./#% 1!% #$%.1 "#
1%#1%+ /2/"- "- '$1$%
SOLUTION
+
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INSIGHT
>?,> >?,>
L%##:
C*"-2 S1&.9
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INSIGHT
L%## C*"-2 S1&.9 ,@L%## O(%/1"-2 E6(%-#%#: T%*%(!&-% 539 ?) >,@
R%-1 539 @) >?, I-#$/-.% 539 ) ,
R/1%# 539 ) S/*/"%# >, A+8%1"#%4%-1 , D%(%."/1"&-: F$-"1$% 5N, ) M&1& 8%!".*%# 5N, >) , @,
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INSIGHT
, @,M&1& 8%!".*%# , ,@ ,@@N%1 C$%-1 A##%1#
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INSIGHT
5@) R* A::
5) I3+:* A::
ATSWA PART I MARCH 2011
>@ B/* ' @ P L >@>@ >@
B/* + >@
N NC/#! >@, B/* ' >,
B/* .+ ?,>, >,
B/* +
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INSIGHT
5) R+*3 A::
ATSWA PART I MARCH 2011
>>
N NB/* ' ? P L
C/#! B/* .+ >@
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INSIGHT
EXAMINERS COMMENT
T!"# "# / 3%** #1$.1$%+ "-.&4(*%1% %.&+# 7$%#1"&- C/-+"+/1%# /((%/ 1& % 8%0 '/4"*"/ 3"1!
1!"# /%/ &' 1!% #0**/$# W!"*% 4 &' 1!% ./-+"+/1%# 3!& /11%4(1%+ 1!% 7$%#1"&- +"+ 3%**,
1!%% 3%% 1!% 3!& .&$*+ -&1 (%(/% 1!% &(%-"-2 #1/1%4%-1 &' /''/"# (&(%*0 /# 1!%0 3%%
$-/*% 1& +"#1"-2$"#! 1!% &(%-"-2 /##%1# '&4 1!% /##%1# /1 .*%
SOLUTION 5
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INSIGHT
PROVISION FOR DEPRECIATION ACCOUNT
N N?, ?,
>, >,?,, @
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INSIGHT
SOLUTION 6
5/)" SESE SONS
ADUSTED CASH BOO! AS AT 1 DEC 200
200 N 200 N
?
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INSIGHT
EXAMINERS COMMENT
D/3"-2 &' / B/-9 R%.&-."*"/1"&- S1/1%4%-1 /'1% 1!% (%(//1"&- &' /- /+$#1%+ ./#! &&9 3/#
1%#1%+ A2/"-, ./-+"+/1%# /% -& +&$1 '/4"*"/ 3"1! 1!% 1&(". /-+ #& 8%0 4/-0 /11%4(1%+ 1!%
7$%#1"&- C/-+"+/1%# 4/& ("1'/** "# "- 1!%" /"*"10 1& 4/9% /+$#14%-1# 1& 1!% ./#! &&9
M &' 1!%4 +"+ 1!%" ./#! &&9 /+$#14%-1# $-+% /-9 %.&-."*"/1"&- #1/1%4%-1 A*#&, 1!%"
/-9 %.&-."*"/1"&- #1/1%4%-1 1"1*% 3/# 3"1! -& %'%%-.% 1& 1!% /..&$-1"-2 (%"&+
P/1 &' 1!% 7$%#1"&- 1%#1%+ ./-+"+/1%# &- 1!%" /"*"10 1& "+%-1"'0 /#". /..&$-1"-2 .&-.%(1#
3!%- 4/+% "- '&4 &' / #1/1%4%-1 M/-0 ./-+"+/1%# /% $-/*% 1& .&%.1*0 "+%-1"'0 1!%
/..&$-1"-2 .&-.%(1#
ATSWA PART I MARCH 2011
>
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INSIGHT
ATB C
@ A 4&-&(&*"#1". '"4 3"** %6(/-+ "1# &$1($1 3!%-
A M/2"-/* %8%-$% %6.%%+# 4/2"-/* .
ATSWA PART I MARCH 2011
>
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INSIGHT
B M/2"-/* . %6.%%+# 4/2"-/* %8%-$%C M/2"-/* . %7$/*# 4/2"-/* %8%-$%D M/2"-/* %8%-$% "# ("1"8%E M/2"-/* . "# ("1"8%
T!% -%.%##"10 '& %/.! '"4 1& (/0 .*% /11%-1"&- 1& 1!% %!/8"&$ /-+ *"9%*0 %/.1"&- &' "1# "8/*#3!%- (*/--"-2 "1# &3- 4/9%1 #1/1%20 "# / .!//.1%"#1". &'
A P%'%.1 .&4(%1"1"&-B P$% .&4(%1"1"&-C M&-&(&*0D O*"2&(&*0E M&-&(&*"#1". .&4(%1"1"&-
A- "-#1$4%-1 3!".! ./- % %4(*&0%+ 0 1!% E4(*&0%# A##&."/1"&- +$"-2 / 1/+% +"#($1% "#
A #1"9%
B 3&91&$*%C (".9%1"-2D +%4&-#1/1"&-E */.9 *"#1
T!% %6(%-+"1$% 4%1!&+ &' / .*%+ %.&-&40 -/1"&-/* "-.&4% 4&+%* 3!%% 1!% 2&8%-4%-1 "#
(%#%-1 ./- % %(%#%-1%+ 0
A Y C IB Y C I GC Y C I 5X M)D Y G X M
E Y C I G 5X M)
T!% ("-."(*% "- E.&-&4".# 3!".! #!&3# 0 !&3 4$.! ./("1/* !/# 1& % "-.%/#%+ 1& /"#% &$1($1
0 &-% $-"1 "# ./**%+ ("-."(*%
A %7$"*""$4B 4$*1"(*"% C /..%*%/1"&-D 1/6/1"&-E /..&44&+/1"&-
W!".! &' 1!% '&**&3"-2 "# /- "-#1$4%-1 &' 1!% 4&-%0 4/9%1=
A S!/%#B P%'%%+ #1&.9#C B&-+#D B"** &' E6.!/-2%E D%%-1$%
ATSWA PART I MARCH 2011
>
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INSIGHT
), 4&-%0 "# +%'"-%+ /# .$%-1*0 &$1#"+% /-9# (*$# ("8/1%*0
!%*+ +%4/-+ +%("1 (*$#
A S/8"-2# +%("1B T"4% +%("1
C Q$/#" M&-%0D P&.9%1 M&-%0E I-1%/-9 1"4% +%("1
PART II SHORT-ANSWER QUESTIONS
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INSIGHT
> A-01!"-2 1!/1 "# 4&-%0 %./$#% 1!% 2&8%-4%-1 !/# +%.*/%+ "1 /# #$.! "# 9-&3-/#
>? T!% 1&1/* /4&$-1 &' 4&-%0 "- 1!% %.&-&40 /1 /-0 4&4%-1 "# 9-&3- /#
>@ TWO"-#1$4%-1# &' '"#./* (&*".0 /% /-+
> T!% 10(% &' $-%4(*&04%-1 /##&."/1%+ 3"1! 1!% (%&(*% .!/-2"-2 "#
> T!% '"-/-."/* 4/9%1 3!%% #!&1 1%4 #%.$"1"%# ./- % &$2!1 /-+ #&*+ "# 1!%
> T!% "-+"%.1 1/6 3!".! ./- % "4(%+ /1 +"''%%-1 #1/2%# &' (&+$.1"&- /-+ +"#1"$1"&- "#1!%
> T!% (/.1".% &' #%**"-2 / 2&&+ "- &1!% .&$-1"%# /1 / (".% *&3% 1!/- 1!/1 .!/2%+ '& 1!%#/4% 2&&+ "- 1!% +&4%#1". 4/9%1 "# 9-&3- /#
> T!% '$** 4%/-"-2 &' 1!% /.&-04 IBRD "#
? T!% 4%1!&+ 1!/1 4%/#$%# 1!% -/1"&-/* "-.&4% 0 /++"-2 1&2%1!% /** 1!% "-.&4%# %/-%+0 1!% '/.1 &' (&+$.1"&- "# 9-&3- /# 1!%
ATTEMPT ANY FOUR QUESTIONS
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INSIGHT
SECTION B MICRO-ECONOMICS
QUESTION 1
5/)D"#1"-2$"#!
%13%%-.!/-2% "-+%4/-+/-+.!/-2% "-7$/-1"10+%4/-+%+5 M/9#)
5) E6(*/"- 3"1! 1!% /"+ &' +"/2/4# !&3 1!% '&**&3"-2 %8%-1# 3"** /''%.1 1!% %7$"*""$4 (".% /-+7$/-1"10 +%4/-+%+ &' .&44&+"10 A 5/ -&4/* 2&&+) "- / .&4(%1"1"8% 4/9%1:
5") A- "-.%/#% "- 1!% (".% &' .&44&+"10 B, / .&4(*%4%-1 1& .&44&+"10 A "- .&-#$4(1"&-5?M/9#)
5"") A '/** "- 1!% (".% &' 1!% 4/"- /3 4/1%"/* $#%+ "- (&+$."-2 .&44&+"10 A5?M/9#)
5""") A #$..%##'$* /+8%1"#"-2 ./4(/"2- 0 #%**%# &' .&44&+"10 A 5? M/9#)
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QUESTION 2
5/) I+%-1"'0 1!% FOUR4/"- '/.1 &' (&+$.1"&- "-+"./1"-2 !&3 %/.! &' 1!%4 "# %3/+%+5 M/9#)
5) E6(*/"- %/.! &' 1!% '&**&3"-2 .&-.%(1#:
5") E.&-&4". R%-1 5? M/9#) 5"") Q$/#" R%-1 5? M/9#) 5""") T/-#'% E/-"-2# 5? M/9#)
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INSIGHT
SOLUTION TO SECTION A
PART I MULTIPLE CHOICE QUESTIONS
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>@ T/6/1"&-2&8%-4%-1 #(%-+"-2 & %6(%-+"1$%
> F".1"&-/* $-%4(*&04%-1
> M&-%0 4/9%1
> V/*$% /++%+ 1/6 5VAT)
> D$4("-2> I-1%-/1"&-/* B/-9 '& R%.&-#1$.1"&- /-+ D%8%*&(4%-1
? I-.&4% 4%1!&+
EXAMINERS COMMENT
T!% 7$%#1"&-# /% #1/"2!1 '&3/+ /-+ /% &' +%#"%+ #1/-+/+# O- /8%/2%, ./-+"+/1%#
(%'&4/-.% 3/# '/"
SECTION B ' MICRO ECONOMICS
SOLUTION 1
5/) A .!/-2% "- +%4/-+ "# 3!%- 4&% & *%## &' / .&44&+"10 "# .&-#$4%+ 3!%- 1!% (".%!/# -&1 .!/-2%+ I1 "# #!&3- /# / #!"'1 "- 1!% %-1"% +%4/-+ .$8%
A .!/-2% "- 7$/-1"10 +%4/-+%+ "# 3!%- 4&% & *%## &' / .&44&+" "#.&-#$4%/# / %#$*1
&' / .!/-2% "- 1!% (".% &' 1!% .&44&+"10 I1 (&+$.%# / 4&8%4%-1 /*&-2 1!% #/4%
+%4/-+ .$8%
A .!/-2% "- 7$/-1"10 +%4/-+%+ "# 3!%- 4&% & *%## &' / .&44&+"10 "# .&-#$4%+ /# / %#$*1 &'
/ .!/-2% "- 1!% (".% &' 1!% .&44&+"10 I1 (&+$.%# / 4&8%4%-1 /*&-2 1!% #/4% +%4/-+ .$8%
5) 5")
ATSWA PART I MARCH 2011
?@
P".%
D%.%/#% "- +%4/-+ I-.%/#% "- +%4/-+
P
D>
D&
D7
7
&' 1!% ./-+"+/1%#, $1 &-*0 /&$1
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INSIGHT
.&-8%-1"&-/* +%4/-+ #$((*0 +"/2/4 C/-+"+/1%# -%%+ 1& /.7$"% 2&&+ 9-&3*%+2% &' 1!% $#% &'
+%4/-+ #$((*0 +"/2/4 '& #"4(*% %.&-&4". /-/*0#"#
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INSIGHT
SOLUTION 2
/ I- %.&-&4". #."%-.%, '/.1 &' (&+$.1"&- /% .*/##"'"%+ /# */-+, */&$, ./("1/* /-+
%-1%(%-%$#!"(
") L/-+ %'%# 1& /** -/1$/* %#&$.%# A# / '/.1& &' (&+$.1"&-, 1!% %3/+ 1& */-+ "# %-1
"") L/&$ %'%# 1& /** !$4/- %''&1# $1"*"#%+ "- 1!% (&+$.1"&- (&.%## T!% %3/+ 1&
*/&$ /% #/*/"%# /-+ 3/2%#
""") C/("1/* %'%# 1& 1!% #1&.9 &' 3%/*1! .%/1%+ 0 4/- 1& % $#%+ "- 1!% (&+$.1"&- &' 2&&+#
/-+ #%8".%# T!% %3/+ 1& ./("1/* "# "-1%%#1
"8) T!% %-1%(%-%$ !"%# /-+ &2/-"J%# &1!% '/.1 &' (&+$.1, /-+ "- 1!% (&.%## !% %/#
1!% "#9 &' (&+$.1"&- T!% %3/+ 1& %-1%(%-%$#!"( "# (&'"1 & *#
) 5") E:)(: R*% I1 "# / 4&-%0 (/04%-1 4/+% '& / '/.1& &' (&+$.1"&-
1!/1 "# &8% /-+ /&8% 1!% 4"-"4$4 (/04%-1 %7$"%+ 1& 9%%( "1 "- "1# (%#%-1 $#%
5"") Q+3( R*% T!"# "# 1!% (/04%-1 '& / '/.1& &' (&+$.1"&- 1!/1 "# 1%4(&/"*0
'"6%+ "- #$((*0
5""") T+3>* E+(3% T!"# %'%# 1& 3!/1 / '/.1& &' (&+$.1"&- %/-# 1& 9%%( "1 "-
"1# (%#%-1 $#%
EXAMINERS COMMENT
A*4 /** 1!% ./-+"+/1%# /11%4(1%+ 1!"# 7$%#1"&- 3!".! 1%#1%+ ./-+"+/1%# 9-&3*%+2% &' #&4% /#".
.&-.%(1# "- 1!% /-/*0#"# &' 1!% (&+$.1"&- (&.%## M&% 1!/- &' 1!% ./-+"+/1%# (%'&4%+ .%+"1/*0
"- 1!% 5A) M/&"10 &' 1!% ./-+"+/1%# #.&%+ J%& 5) "- 1!% (/1 5B); 1!% ("1'/** !%% 3/# +$% 1& '/.1
1!/1 4 &' 1!% ./-+"+/1%# +%4&-#1/1%+ .&4(*%1% "2-&/-.% &' 1!% .&-.%(1# &' %.&-&4". %-1,
7$/#" %-1 /-+ 1/-#'% %/-"-2#
SOLUTION
/ M&-&(&*0 "# / 4/9%1 #1$.1$% "- 3!".! 1!%% "# / #"-2*% '"4 (&+$."-2 / .&44&+"10 &
(&8"+"-2 / #%8".% 1!/1 !/# -& .*% #$#1"1$1%# T!% 4&-&(&*0 '"4 "# / (".%#%11%
%./$#% 1!% #"-2*% '"4 .&-#1"1$1%# 1!% "-+$#10
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INSIGHT
S:*3 > )9, 9.*:
" C, > * *(* 399, > + 8+3(: (9% I' 1!% %-1"% #$((*0 &' 1!% /#".
/3 4/1%"/* %7$"%+ "- 1!% (&+$.1"&- &' / .&44&+"10 "# .&-1&**%+ 0 / #"-2*%
'"4, #$.! / '"4 3"** 4&-&(&*"#% 1!% #$((*0 &' 1!% .&44&+"10
"" E:)(*3 > L+*-3:+,* 9/:(%A */2% '"4 4/0 %1/"- / 4&-&(&*0
(&3% 1!&$2! . /+8/-1/2%# 2/"-%+ '&4 1!% $#% &' .#/8"-2 1%.!-&*&20
3!".! %-/*% "1 1& #%** /1 / (".% *&3% 1!/- 1!% $-"1 . &' /-0 #4/** .&4(%1"1&
""" F+:(3* +/ P+*% A '"4 %.&4%# / 4&-&(&*0 '"4 "' "1 "# 1!% &-*0 &-%
2/-1%+ / '/-.!"#% & (/1%-1 "2!1 1& % 1!% &-*0 (&+$.% &' 1!% .&44&+"10 %2
.&(0"2!1 2/-1%+ 0 1!% 2&8%-4%-1 1& /$1! &' &&9# /-+ .&4(%# &' 4$#".,
"-8%-1 &' 4/.!"-%# /-+ %7$"(4%-1#, %1.
"8 S+* M9,% T!% 2&8%-4%-1 4/0 /##$4% 4&-&(&*0 (&3% "- 1!%
(&+$.1"&- &' / .&44&+"10 & "- 1!% (&8"#"&- &' / #%8".% 1& (%8%-1 (%&(*% '&4
%"-2 %6(*&"1%+ & 1& (&8"+% /- %##%-1"/* #%8".% 3!".! ./- -&1 % '"-/-.%+ 0("8/1% %-1%(%-%$#
8 M** +/ A:?(3((% W!%- 13& & 4&% '"4# 4%2% "-1& &-% 1& .&-1&*
4/9%1 #$((*0 1!%0 %#1/*"#! #1&-2 4&-&(&*0 (&3% +"8"-2 /3/0 (&1%-1"/*
.&4(%1"1 A*1%-/1"8%*0, / "2 '"4 4/0 /.7$"% 5$0) / #4/** '"4 1!/1 .&$*+
-& *&-2% &(%/1% (&'"1/*0 1& 2/"- 1&1/* .&-1&* &' 1!% 4/9%1 #$((*0
. T!% 4%1!&+# /8/"*/*% 1& 1!% 2&8%-4%-1 1& +%/* 3"1! 1!% /$#% &' 4&-&(&*0 (&3%
"-.*$+% 1!% '&**&3"-2:
" T+7+(% G&8%-4%-1 4/0 "4(% !%/80 1/6 &- %6.%## (&'"1 %/-%+ 0 1!%
4&-&(&*0 '"4 1& +"#.&$/2% 1!%" (/.1".%#"" N+(+,(3+(%G&8%-4%-1 4/0 1/9% &8% 4&-&(&*"%# &' 2&&+# /-+ #%8".%#
1!/1 /% %##%-1"/* '& 1!% 3%**%"-2 &' 1!% (%&(*% '&4 ("8/1% %-1%(%-%$#
""" P(:* C,: G&8%-4%-1 4/0 "-1&+$.% 4/6"4$4 (".% *%2"#*/1"&- 1& (%8%-1
.&4(/-"%# %#(%."/**0 4&-&(&*0 '"4 '&4 %6(*&"1"-2 .&-#$4%#
EXAMINERS COMMENT
T!"# 7$%#1"&- "# &- 4&-&(&*0 I1 3/# /11%4(1%+ 0 /&$1 &' 1!% ./-+"+/1%# A 2&&+ -$4% &' 1!%
./-+"+/1%# .&$*+ -&1 +%#."% 1!% 4%1!&+# /8/"*/*% 1& 1!% 2&8%-4%-1 1& +%/* 3"1! 1!% /$#% &'
4&-&(&*0 (&3% O- 1!% /8%/2% 1!% (%'&4/-.% 3/# '/" C/-+"+/1%# /% %6(%.1%+ 1& %6(*&% /**
/#(%.1# &' 1!% 1&(".# "- 1!% #0**/$#
SECTION C ' MACRO ECONOMICS
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INSIGHT
SOLUTION 4
5/) T!% .&-#$4(1"&- '$-.1"&- %6(%##%# 1!% 2%-%/* %*/1"&-#!"( %13%%-
.&-#$4(1"&- %6(%-+"1$% /-+ 1!% *%8%* &' +"#(/*% "-.&4%
A #"4(*% .&-#$4(1"&- '$-.1"&-: C / Y+
D**)(+3 > C3)9(%
5") I:)*$ T!"# "# 1!% 4 "4(&1/-1 +%1%4"-/-1 &' .&-#$4(1"&- I1 "# %*"%8%+ 1!/1 "1 "#
&-*0 / (&(&1"&- &' /-0 .!/-2% "- "-.&4% 1!/1 "# .&-#$4%+ T!"# (&(&1"&- "# 1!%
4/2"-/* (&(%-#"10 1& .&-#$4% T!% 4(. '/**# /# "-.&4% "-.%/#%# T!% 4(. /-+ 1!%
4(# /++ $( 1& < "% 4(. 4(# 8+( ( * *:) (:,/*3%
5") M&"*"J/1"&- &' #/8"-2# '& "-8%#14%-1 ($(%# T!"# "# "4(&1/-1 %./$#% "-8%#14%-1 "#/ 4/& 3/0 &' "-.%/#"-2 "-.&4% *%8%*
5"") F/."*"1/1"&- &' %6.!/-2% &' 2&&+# /-+ #%8".%# "- /- %''"."%-1 3/0
5""") T!%0 !%*( #$#1/-1"/**0 "- (&4&1"-2 #1/"*"10 /-+ .&-'"+%-.% "- 1!%
%.&-&40 I- 1!"# 3/0, '&%"2- "-8%#1 /-+ *&./* $#"-%## 1!"8%
5"8) T!%0 '/."*"1/1% "-1%-/1"&-/* 1/+% /-+ (/04%-1# 1!&$2! /- %61%-#"&- &' .%+"1 /-+ &1!%
'/."*"1"%# 1& "4(&1%# /-+ %6(&1%#
58) T!%0 /##"#1 2&8%-4%-1 .&-#"+%/*0 "- 1!% "4(*%4%-1/1"&- &' 1!% -/1"&-# '"#./* /-+
4&-%1/0 (&*"."%#
EXAMINERS COMMENTS
T!% 7$%#1"&- %7$"%+ ./-+"+/1%# 1& +%#."% $-"8%#/* /-9"-2, /# 3%** /# !"2!*"2!1 .&44%."/* /-9"-2
/.1"8"1"%# 1!/1 /% +"%.1*0 %*/1%+ 1& (&4&1"&- &' / .&$-10# %.&-&4". 2&31! /-+ +%8%*&(4%-1 T!%
7$%#1"&- 3/# /11%4(1%+ 0 4&% 1!/- &' 1!% ./-+"+/1%# T!% 4/& ("1'/** 3/# 1!% *"#1"-2 &' 1!%
.&-8%-1"&-/* '$-.1"&-# &' .&44%."/* /-9# 3"1!&$1 %8%- *"-9"-2 1!%4 1& %.&-&4". +%8%*&(4%-1
G%-%/**0, / (&& (%'&4/-.% 3/# %.&+%+
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INSIGHT
SOLUTION 6
5/) O8*:(;*3 > ECOWAS
5") T!% %*"4"-/1"&- &' .$#1&4# /-+ &1!% +$1"%# &- &1! "4(&1# /-+ %6(&1# &' 4%4%#1/1%#
5"") T!% /&*"1"&- &' 7$/-1"1/1"8% /-+ /+4"-"#1/1"8% %#1".1"&-# &- 1/+% /4&-2 4%4%
#1/1%#
5""") T!% %#1/*"#!4%-1 &' / .&44&- .$#1&4# 1/"'' /-+ .&44%."/* (&*"."%# &- -&-4%4%#
5"8) T!% %*"4"-/1"&- &' /.*%# 1& '%% 4&"*"10 &' (%&(*%, #%8".%# /-+ ./("1/*
58) T!% !/4&-"#/1"&- &' /2".$*1$/* (&*"."%# /-+ (&4&1"&- &' .&44&- (&%.1# /4&-2
4%4% #1/1%#
58") T!% %6%.$1"&- &' &"-1 +%8%*&(4%-1 (&%.1# "- 1!% /%/# &' 1/-#(&1, .&44$-"./1"&-#,
%-%20 /-+ &1!% "-'/#1$.1$/* '/."*"1"%#
58"") T!% !/4&-"#/1"&- &' %.&-&4". /-+ "-+$#1"/* (&*"."%# &' 4%4% #1/1%# /# 3%** /# 1!%
%*"4"-/1"&- &' "-%7$/*"1"%# "- 1!% *%8%*# &' +%8%*&(4%-1 &' %/.! 4%4% #1/1%
58""") T!% %#1/*"#!4%-1 &' '$-+# '& .&&(%/1"&-, .&4(%-#/1"&- /-+
+%8%*&(4%-1
5) E:)(: P8,*)3 > ECOWAS
5") S:+, W*+*33 > )*)8*3 *:)(*3 M%4% .&$-1"%# &' ECOWAS /%
(*/2$%# 0 #%"&$# #1$.1$/* (&*%4#, -/4%*0 *&3 (% ./("1/* "-.&4%, *&3 & -%2/1"8%
/1%# &' #/8"-2#, *&3 "-8%#14%-1 /-+ GDP 2&31!, !"2! (&($*/1"&- 2&31! /1%, .!&-"./*/-.% &' (/04%-1#, $-%4(*&04%-1 /-+ !"2! /1%# &' "-'*/1"&-
5"") P,+( C>,(:3% E/.! 4%4% $-+%1/9%# %.&-&4". (*/--"-2 "- 1%4# &' "1# -/1"&-/*
2&/*# /-+ 3"1!&$1 %'%%-.% 1& 1!% ECOWAS %2"&-/* 2&/*#
5""") E:)(: C9(% A*4 /** 4%4%# &' ECOWAS /% (*/2$%+ 3"1! 4/##"8%
.&$(1"&- T!"# 1%-+# 1& $-+%4"-% 1!% "-1%-/* /-+ %61%-/* /*/-.% &' 4%4%#
%.&-&4"%#
5"8) I)9+: > F*( E:)(: A*3% T!% &(%/1"&- /-+ "-1%%#1# &' '&%"2- %.&-&4".
/2%-1# /% -&1 /*3/0# -%.%##/"*0 "- .&-'&4"10 3"1! %.&-&4". "-1%%#1 &' 4 .&$-1"%#
/-+ "- #&4% ./#%# /% +%1"4%-1/*
58) D(3(8(+, I*?+,((*3% T!% "##$% &' 3!& 2%1# 3!/1 /-+ !&3 4$.! "- / %2"&-/*&2/-"#/1"&- "# &'1%- #%-#"1"8% T!% +"''%%-1"/*# "- %#&$.% %-+&34%-1 "- 1!% ECOWAS
.&$-1"%# .&$*+ #%1 1!% #1/2% '& +%8%*&(4%-1 "-%7$/*"1"%# /-+ %2"&-/* #1/"-#
58") M*+/-+ F"-/-."/* P&*%4#: ECOWAS 4%4% #1/1%# $#% +"''%%-1 .$%-."%#
S$.! / +"8%#"10 &' .$%-."%# "# &$-+ 1& .%/1% (&*%4# &' %6.!/-2% /1% .&-8%1""*"10
/-+ 4&-%1/0 1/-#'%#
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INSIGHT
EXAMINERS COMMENT
T!"# 7$%#1"&- 1%#1%+ ./-+"+/1%# 9-&3*%+2% &' 1!% &%.1"8%# /-+ %.&-&4". (&*%4# &'ECOWAS E4(!/#"# &- 1!% #&."/* /-+ (&*"1"./* (&*%4# &' ECOWAS 0 #&4% &' 1!%./-+"+/1%# /# /2/"-#1 %.&-&4". (&*%4# #(%."'"./**0 %7$"%+ "- (/1 5) 3/# 1!% 4/& ("1'/**A&$1 @ &' 1!% ./-+"+/1%# 3!& /11%4(1%+ 1!% 7$%#1"&- #.&%+ (/## 4/9#
T!% ./-+"+/1%# ("1'/** 3/# 1!%" %4(!/#"# &- 1!% #&."/* /-+ (&*"1"./* (&*%4# &' ECOWAS /#
/2/"-#1 %.&-&4". (&*%4# 3!".! 3/# #(%."'"./**0 %7$"%+ "- (/1 5)
AT/111/PI.3 EXAMINATION NO:
ASSOCIATION OF ACCOUNTANCY BODIES IN WEST AFRICA
ACCOUNTING TECHNICIANS SCHEME
PART I EXAMINATION ' MARCH 2011
BUSINESS LAW
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INSIGHT
T()* +,,.*/% 3
Insert your examination number in the space provided above
SECTION A - A*)9 A,, Q*3(3
PART I MULTIPLE-CHOICE QUESTIONS
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INSIGHT
D R"2!1 1& (&(%10E R"2!1 1& 1/-#'% #!/%#
M%4&/-+$4 &' A##&."/1"&- 5R%2$*/1"&-#) &' / .&4(/-0 4$#1 .&-1/"- 1!% '&**&3"-2 EXCEPT%
A N/4% &' 1!% .&4(/-0B N/4% &' 1!% D"%.1C N/4%# &' 1!% A$+"1D T!% #!/% ./("1/* &' 1!% .&4(/-0E T!% &%.1 .*/$#%
I- 3"-+"-2 $( / .&4(/-0, 4&-%0 %/*"J%+ '&4 +"#(/* &' 1!% /##%1# &' 1!% .&4(/-0 "# (/0/*%
1& /-0 &' 1!% '&**&3"-2 EXCEPT%
A S%.$%+ C%+"1B C%+"1 '& *"7$"+/1"&- .# /-+ %6(%-#%#
C P%'%%-1"/* .%+"1D O+"-/0 .%+"1E S(%."/* .%+"1
W!".! &' 1!% '&**&3"-2 "# NOT/ .!//.1%"#1". &' / "** &' %6.!/-2%=
A I1 4$#1 % "- 3"1"-2B I1 4$#1 % "##$%+ 0 / /-9C I1 4$#1 % #"2-%+ 0 1!% (%#&- 2"8"-2 "1D I1 4$#1 % '& / #$4 .%1/"- "- 4&-%0
E I1 4$#1 % /++%##%+ 0 &-% (%#&- 1& /-&1!% W!".! &' 1!% '&**&3"-2 "# NOT/- /11"$1% &' / .!%7$%=
A A .!%7$% "# &-*0 +/3- &- / /-9%B A .!%7$% "# / *%2/* 1%-+% C A .!%7$% +&%# -&1 -%%+ 1& % /..%(1%+ ("& 1& (/04%-1D C!%7$%# /% .&44&-*0 $#%+ "- +&4%#1". 1/+"-2E A .!%7$% 4/0 % &(%- & .#%+
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INSIGHT
T!% #%.&-+/0 4%/-"-2 /11/.!%+ 1& / !/4*%## #1/1%4%-1 1& (&8% 1!/1 1!% #1/1%4%-1 "#
+%'/4/1&0 "#
? C&44$-"./1"&- &' / +%'/4/1&0 #1/1%4%-1 0 1!% 4/9% 1& /-&1!% (%#&- &1!% 1!/- 1!%.&4(*/"-/-1 "#
@ W!/1 "# 1!% 4%/-"-2 &' 1!% 4/6"4 D%*%2/1$# -&- (&1%#1 +%*%2/% /# "1 /((*"%# 1& / C&-1/.1 &'
A2%-.0=
I' / .$#1&4% .&$-1%4/-+# / .!%7$%, 1!% /-9 4$#1
H% 3!& .&4%# 1& %7$"10 4$#1 .&4% 3"1! /
W!/1 "# 1!% 4 "4(&1/-1 ("-."(*% &' */3 */"+ +&3- 0 1!% H&$#% &' L&+# "- S/*4&- V
S/*4&- 5
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INSIGHT
>> U-+% 1!% %($2-/-.0 1%#1, "- &+% 1& %-'&.% / .$#1&4/0 */3, "1 4$#1 NOT %
>? A !&*+% &' / "** 1!/1 "# .&4(*%1% /-+ %2$*/ &- "1# '/.% '& 8/*$% "# ./**%+
>@ A .&$1 1& 3!".! / *"1"2/-1 '"*%# / ./#% "-"1"/**0 "# / .&$1 &'
> A (%#&- 3!& !/# .&44"11%+ / 1&1 "# /#"./**0 ./**%+
> I- / ./#% "-8&*8"-2 %4(*&0%% /-+ %4(*&0%, volenti non fit injuria "# *"9%*0 1& % /"#%+ 0
3!&4=
> G&&+# /*%/+0 &3-%+ /-+ (#%##%+ 0 1!% #%**% /1 1!% 1"4% &' 1!% .&-1/.1 /% %'%%+ 1& /#
> A- /2%-1 & %(%#%-1/1"8% 3!& !/# %%- .!%- 0 / #!/%!&*+% 1& %(%#%-1 !"4 /1 / 2%-%/*
4%%1"-2 &' / .&4(/-0 "# $#$/**0 ./**%+ /
> T!% (&.%## 3!%%0 / .&4(/-0 .!/-2%# & /4%-+# #&4% /#(%.1# "- "1# A1".*%# &'
A##&."/1"&-I-.&(&/1"&- "# %'%%+ 1& /#
? +3.* 5 M/9#)
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INSIGHT
5) A+%# 4&1& ./ &9% +&3- &- / *&-%*0 &/+ A+% /#9%+ S%2$-, 3!& "# (/##"-2 1!/1 3/0 "- !"#
./, "' !% 3"** 1&3 1!% ./ 1& 1!% -%/%#1 2//2% O- /"8/* /1 1!% 2//2%, A+% (&4"#%+ 1& #%-+
S%2$- '"8% 1!&$#/-+ -/"/ 5N,) '& S%2$-# #%8".%# A+% '/"*%+ 1& #%-+ 1!% 4&-%0
S%2$- !/# +%."+%+ 1& #$% A+% '& 1!% 4&-%0
A+8"#% !"4 5 M/9#)
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INSIGHT
QUESTION
5/) S1/1% 1!% 1%#1# 3!".! 4/0 % $#%+ 1& +%1%4"-% 1!% %6"#1%-.% &' / 4/#1%#%8/-1 %*/1"&-#!"( "-
1!% .&-1/.1 &' %4(*&04%-1 5 M/9#)
5) L"8"-2#1&-% 3/# %4(*&0%+ /# 1!% .&4(/-0 %-2"-%% 1& F%%W&*+ C&4(/-0 L"4"1%+ H% "#
-&1%+ '& 2# +"#&%+"%-.% /-+ 2%-%/* "-.&4(%1%-.% 1& 3!".! !"# /11%-1"&- !/+ %%- +/3-
#%8%/* 1"4%# 3"1!&$1 /-0 "4(&8%4%-1
O- 1!% /#"# &' 1!%#% !% 3/# +"#4"##%+ '&4 1!% #%8".% &' 1!% .&4(/-0 '& 2# 4"#.&-+$.1 /-+
!% !/# +%."+%+ 1& #$% 1!% .&4(/-0 '& 3&-2'$* +"#4"##/* A+8"#% !"4
5 M/9#)
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INSIGHT
QUESTION 6
5/) S1/1% THREE&' 1!% .".$4#1/-.%# 3!%- / /-9 4/0 %8%/* +%1/"*# &' / .$#1&4%# /..&$-1 1& /
1!"+ (/10 5 M/9#)
5) W!/1 "# 1!% *%2/* ("1"&- "- 1!% '&**&3"-2 #"1$/1"&-#:
" "-2 B/-9 (/0# / .!%7$% #"2-%+ 0 1!% D"%.1& &' / .&4(/-0 3!% &/+ !/# (/##%+ /
8/*"+ %#&*$1"&- %4&8"-2 1!/1 D"%.1& /# / #"2-/1&0 1& "1# /..&$-1
5? M/9#)
"" A .$#1&4% &' "-2 B/-9 +"#.&8%# 1!/1 !"# #&- !/# '&2%+ !"# #"2-/1$% &- &-% &' !"#
.!%7$%# $1 !% -%2*%.1# 1& "-'&4 1!% /-9 &$1 &' '%/ 1!/1 1!% &0 4/0 % /%#1%+ T!%
#&- ./#!%+ 1!% .!%7$% $1 1!% .$#1&4% .*/"4# 1!/1 1!% /-9 #!&$*+ !/8% +%1%.1%+ 1!%
'&2%0 0 "1#%*' /-+ "# 1!%%'&% -&1 %-1"1*%+ 1& +%"1 !"# /..&$-1
5? M/9#)
""" A .!%7$% .#%+ #(%."/**0 1& B&"1& B/-9 3/# (/"+ "-1& /- /..&$-1 3"1! F*0 B/-9 /-+
.&**%.1%+ '& /- $-/$1!&"J%+ %-+%% T!% &3-% #%%9# 1& %.&8% /2/"-#1 B&"1& B/-9
5? M/9#)
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INSIGHT
T!%#% 3%% .&4($*#&0 7$%#1"&-# 3!".! .$1 /.# 1!% #0**/$# A** ./-+"+/1%# /11%4(1%+ 1!%
7$%#1"&-# $1 1!% 2%-%/* (%'&4/-.% 3/# $#1 /8%/2%
PART II SHORT-ANSWER QUESTIONS
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INSIGHT
> T&1'%/#&
> T!% %4(*&0%
> E6"#1"-2 2&&+#
> P&60
> A*1%/1"&- &' A1".*%#
? S%.$"1"%# /-+ E6.!/-2% C&44"##"&-
EXAMINERS COMMENT
T!%#% /% /*#& .&4($*#&0 7$%#1"&-# /11%4(1%+ 0 /** 1!% ./-+"+/1%# T!% (%'&4/-.% 3/# /*#&$#1 /8%/2%
SECTION B
SOLUTION 1
A
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INSIGHT
A- %4(*&0%% "%#(%.1"8% &' !"# 2/+% 4/0 % +"#4"##%+ #$44/"*0 "' !% .&44"1# / 2#
4"#.&-+$.1
A- %4(*&0%% "# %6(%.1%+ 1& (#%## 1!% #9"** %7$"%+ '& 1!% %''%.1"8% (%'&4/-.% &' !"# +$10
/-+ / %/.! &' 1!"# "# / 2&$-+ '& +"#4"##/*
L"8"-2#1&-% 3/# -&1%+ '& 2# +"#&%+"%-.% /-+ 2%-%/* "-.&4(%1%-.% T& 2"8% !"4 / '/"
!%/"-2 !"# /11%-1"&- 3/# +/3- 1& 1!%#% #%8%/* 1"4%# 3"1!&$1 "4(&8%4%-1
T!%%'&%, 1!% +"#4"##/* &' L"8"-2#1&-% 3/# -&1 $-*/3'$* /-+ !% !/# -& ./$#% &' /.1"&- /2/"-#1
1!% .&4(/-0
EXAMINERS COMMENT
T!% 13& (/1# &' 1!"# 7$%#1"&- 3%% &- .&-1/.1 &' %4(*&04%-1 I1 3/# /*#& / (&($*/
7$%#1"&- 3!".! 3/# /11%4(1%+ 0 /&$1 &' 1!% ./-+"+/1%# T!% ./-+"+/1%# (%'&4%+ 8%03%** "- 1!% 5/) (/1 $1 -&1 "- 1!% 5) (/1 3!".! 3/# / (&*%4 7$%#1"&- C/-+"+/1%# ("1'/** '&(/1 5) "# "- 1!%" '/"*$% 1& $#1"'0 .&-.*$#"&- 2"8%- H&3%8%, 1!% 2%-%/* (%'&4/-.% "# $#1/8%/2%
ATSWA PART I MARCH 2011
@
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INSIGHT
SOLUTION 4 ' S*:( C M+: E:)(:3
@5/) T!% 8/"&$# 3/0# 0 3!".! / (/1-%#!"( ./- % +"##&*8%+ /%:
* 9+(*3 .(: (:,/* * >,,.(%-
5/) W!%- / (/1-% %#"2-#
5) B0 4$1$/* /2%%4%-1 & .&-#%-1
5.) B0 %'*$6"&- &' 1"4%
5+) W!%- 1!% ($(% "- .&4(*%1%+
5%) B0 -&1".% 2"8%- 0 / (/1-%
+ 9+* +/ *3* (:,/* * >,,.(%-
5/) I-#/-"10 &' / (/1-%
5) B%/.! &' (/1-%#!"( /2%%4%-1
5.) W!%% 1!% $#"-%## &' 1!% '"4 ./- &-*0 % $- /1 / *#
5+) W!%% / (/1-% (%#"#1%-1*0 .&44"1# /.1# 3!".! /% (%$+"."/* 1& 1!% $#"-%## &' 1!%
(/1-%#!"(
5%) D%/1! & B/-9$(1.0 &' / (/1-%
5)" DORMANT PARTNER%- A +&4/-1 (/1-% & #*%%("-2 (/1-% "# 1!/1 (/1-% 3!&.&-1"$1%# 1& 1!% ./("1/* &' 1!% $#"-%## $1 3!& +&%# -&1 1/9% /.1"8% (/1 "- 1!% $--"-2 &' 1!%
$#"-%## H&3%8%, !% "# -&1 %6&-%/1%+ '&4 /-0 *"/"*"10 "-.$%+ 0 1!% $#"-%##
"" GENERAL PARTNER%- A 2%-%/* (/1-% & /.1"8% (/1-% "# 1!/1 (/1-% 1!/1 !/# 1!%
"2!1 1& 1/9% (/1 "- 1!% 4/-/2%4%-1 &' 1!% $#"-%## "- 1!% /#%-.% &' /-0 /2%%4%-1 1& 1!%
.&-1/0 H% "# '$**0 *"/*% '& 1!% +%1# &' 1!% (/1-%#!"(
EXAMINERS COMMENT
B&1! (/1# &' 1!"# 7$%#1"&- 1%#1%+ /#(%.1# &' */3 &' (/1-%#!"( I1 3/# / 8%0 (&($*/ 7$%#1"&-/-+ 1!% (%'&4/-.% 3/# /&8% /8%/2% M &' 1!% ./-+"+/1%# 1!/1 /11%4(1%+ 1!% 7$%#1"&- +"+-&1 ./1%2&"J% "-1& .&$1&+%%+ /-+ 8&*$-1/0 /.1# &' (/1-%#
SOLUTION 5
5)/ T!% "##$% "- 1!"# 7$%#1"&- &+%# &- 1!% ("-."(*% &' .&(&/1% (%#&-/*"10
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INSIGHT
U(&- "-.&(&/1"&- / C&4(/-0 %.&4%# /- /1"'"."/* *%2/* (%#&- 3"1! .&-1/.1$/* ./(/."10 /-+ "1
"# 7$"1% #%(//1% '&4 1!% &''".%#, 4%4%# & #!/%!&*+%# &' 1!% C&4(/-0
A..&+"-2*0 1!% /-9 ./- &-*0 %.&8% 1!% *&/-# '&4 A*"1% C&4(/-0 L"4"1%+ /-+ -&1 '&4
G%&2% (%#&-/**0
5) A #/*% &' 2&&+# "# /- /2%%4%-1 3!%%0 &3-%#!"( & 1"1*% "- 1!% 2&&+# "# 1/-#'%%+ 1& 1!%
$0% /1 1!% 1"4% &' 1!% .&-1/.1
A- /2%%4%-1 1& #%** "# /- /2%%4%-1 3!%%0 1!% &3-%#!"( & 1"1*% "- 1!% 2&&+# "# 1& %
1/-#'%%+ /1 / '$1$% 1"4% & #$%.1 1& #&4% .&-+"1"&-# 3!".! 4$#1 % '$*'"**%+ '"#1
EXAMINERS COMMENT
P/1 A &' 1!"# 7$%#1"&- 3/# &- 1!% ("-."(*% &' .&(&/1% (%#&-/*"10 "- .&4(/-0 */3 3!"*% P/1B 3/# &- #/*% &' 2&&+# T!% 7$%#1"&- 3/# -&1 8%0 (&($*/ $1 1!% '%3 ./-+"+/1%# 3!&/11%4(1%+ "1 (%'&4%+ #*"2!1*0 /&8% /8%/2%
SOLUTION 6
5)/ A /-9% 4/0 %8%/* 1!% +%1/"*# &' / .$#1&4%# /..&$-1 1& / 1!"+ (/10 "- 1!% '&**&3"-2
.".$4#1/-.%#:
" W!%% +"#.*$% "# .&4(%**%+ 0 / .&$1 &+%
"" W!%% 1!%% "# / ($*". +$10 1& +"#.*%
""" W!%% 1!% .$#1&4% 2"8%# !"# %6(%## & "4(*"%+ .&-#%-1
"8 W!%% 1!% "-1%%#1 &' 1!% /-9% -%.%##"1/1%# 1!% +"#.*$%
5) " T!% /-9 4/0 -&1 % /*% 1& +%"1 1!% /..&$-1 &' 1!% .&4(/-0 "' "1 "#
/3/% &' 1!% %#&*$1"&- "- 3!".! ./#% "1 3"** % *"/*% '& -%2*"2%-.% $1 "' "1 "#
$-/3/% &' 1!% %#&*$1"&- 1!%- 1!% (/04%-1 "# $#1"'"/*%
"" A .$#1&4% &3%# / +$10 1& "-'&4 !"# /-9 "' !% +"#.&8%# /-0 '&2%0 &' !"# .!%7$%
T!% .$#1&4% !/# .&44"11%+ / %/.! &' 1!"# +$10 T!%%'&% 1!% /-9 "# %-1"1*%+ 1& +%"1
!"# /..&$-1
""" A .!%7$% .#%+ #(%."/**0 "# /- "-#1$.1"&- 1& 1!% /-9 -&1 1& (/0 ./#! /.# 1!% .&$-1%
/-+ 1& (/0 1!% (&.%%+# &' 1!% .!%7$% "-1& 1!% (/1".$*/ /..&$-1 3"1! 1!% -/4%+ /-9 &-
1!% .!%7$% T!%%'&%, 1!% &3-% &' 1!% .!%7$% ./- %.&8% 1!% /4&$-1 "-8&*8%+ '&4
F*0 B/-9 /-+ -&1 '&4 B&"1& B/-9
EXAMINERS COMMENT
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INSIGHT
B&1! (/1# &' 1!"# 7$%#1"&- 1%#1%+ .%1/"- /#(%.1# &' /-9%.$#1&4% %*/1"&-#!"( $-+%-%2&1"/*% "-#1$4%-1# T!% 7$%#1"&- 3/# 8%0 (&($*/ /# /*4 /** ./-+"+/1%# /11%4(1%+ "1T!% (%'&4/-.% 3/# 2%-%/**0 2&&+
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INSIGHT
AT
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INSIGHT
C R%/+, R%./** /-+ R%8"%3
D R$*%, R%."1% /-+ R%8"%3
E R%/+, R$*% /-+ R%8"%3
T!% '&**&3"-2 /% /** .&%.1 EXCEPT
A C&4% !%% 3/# 3!/1 !% #/"+B H% #/"+ .&4% !%%C H% #/"+ .&4% !%%D C&4% !%% !% #/"+E W!/1 !% #/"+ 3/# .&4% !%%
I- 1!% #%-1%-.%, T!% ".! /*#& .0, 1!% $-+%*"-%+ %6(%##"&- "# /5-) (!/#%
A N&4"-/*B A+%.1"8/*C A+8%"/*D P&-&4"-/*
E P%("1"&-/*
T!% '"#1 #0**/*% &' 1!% $-+%*"-%+ 3&+ "- 1!% #%-1%-.%, T!% %6(&1 "# 2&&+ "#
A U-#1%##%+B D"#1%##%+C S1%##%+D P/1"/**0 #1%##%+E P/1"/**0 $-#1%##%+
W!".! &' 1!% '&**&3"-2 .&-1/"-# "##$%# 1!/1 /% 1& % /++%##%+ "- / 4%%1"-2=
A N&1".%
B M%4&/-+$4C I-8"1/1"&-D C".$*/ E A2%-+/
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INSIGHT
PART II SHORT-ANSWER QUESTIONS
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INSIGHT
> GLO, MTN, C%**.&4 /-+ /"- /% -/4%# "- /+8%1"#%4%-1
SECTION B - COMPREHENSION
QUESTION 1
COMPULSORY
R*+/ * >,,.( 9+33+* :+*>,, +/ +3.* * ?*3(3 (%
T!% 4/9%1"-2 .&44$-"./1"&- +"4%-#"&-# &' 1!% "-1%-%1 8/0 S&4% W%/#%+ 1&&*# /% $#%+ '/9%!&*+% .&44$-"./1"&- 5%4(*&0%%#, #$((*"%#, +"#1"$1) /-+ #&4% /% '& /+8%1"#"-2 /-+ &1!%10(%# &' (&4&1"&-
T!% "-1%-%1 !/# 1!% ./(/"*"10 1& +%*"8% "-%6(%-#"8% "-1%-/* .&44$-"./1"&-, 3!".! "# /- "4(&1/-1 (/1
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
T!% "-1%-%1 !/# /*#& %.&4% / 4/& "-1%-/* .&44$-"./1"&- #&$.% 3"1! (/##3&+(&1%.1%+ 3%#"1%#'& %4(*&0%%#, 8%-+ /-+ #$((*"%#, +%/*%# /-+ +"#1"$1, /-+ #/*%# %(%#%-1/1"8%# F& 1!% #/*%##1/'', "- (/1".$*/, 1!% B>B 3%(/2% ./- ./0 1!% #/4% "-'&4/1"&- /# /- /+8%1"#%4%-1 & ("-1%+ #/*%#*"1%/1$%, /# 3%** /# &1!% .&(&/1% "-'&4/1"&- I1# /+8/-1/2% "# 1!/1 "1 ./- (&8"+% 4&% "-+%(1!"-'&4/1"&- 1!/- ("-1%+ 4/1%"/*#
S&4%1"4%# ./**%+ / !&4% (/2% / .&4(/-0# 3%#"1% "# 1!% &-*"-% '/.% "1 (%#%-1# 1& 1!% ($*". I- #&4%./#%#, 1!% 3%#"1% "# 1!% $#"-%## T!% 3%#"1% "# / .&44$-"./1"&- 1&&* 1!/1 #&4%1"4% *$# 1!%+"#1"-.1"&- %13%%- .&44&- '&4# &' 4/9%1"-2 .&44$-"./1"&-, #$.! /# /+8%1"#"-2, +"%.1 4/9%1"-2,/-+ ($*". %*/1"&-# I- #&4% ./#%# "1 *&&9# *"9% /- &-*"-% .&(&/1% &.!$% & "1 4/0 '$-.1"&- /# /-&-*"-% ./1/*&2 I1 ./- /*#& % /- "-'&4/1"&- %#&$.% 3"1! / #%/.!/*% *"/0 &' #1&"%# /-+ +/1/ /&$1(&+$.1#, (&+$.1 ./1%2&"%#, /-+ %*/1%+ 1&(".# M&% %.%-1*0, /# /+8%1"#%# !/8% #%/.!%+ '& 4&%%''%.1"8% 3/0# 1& .&--%.1 3"1! 1!%" /$+"%-.%#, #&4% &' 1!%#% #"1%# !/8% %.&4% 4&% %-1%1/"-"-2 3"1!2/4%# /-+ .&-1%#1#, "-1%8"%3# 3"1! .%*%"1"%#, %8%- 4$#"./* (%'&4/-.%#
M "-1%-%1 $#%# +%(%-+ $(&- #%/.! %-2"-%# #$.! /# G&&2*%, Y/!&&, N%1#./(% & A#9 K%%8%#, 1& '"-+
"-'&4/1"&- T!%#% "-1%-%1 1&&*# $#% 9%03&+# #$.! /# 1&(".# & .&4(/-0 & /-+ -/4%#, 1& .&4("*% /.&**%.1"&- &' "-'&4/1"&- %*/1"-2 1& 1!/1 3&+F& 4/9%1%#, /- "4(&1/-1 '"#1 #1%( "- .%/1"-2 / 8"/*% 3%#"1% "# 2%11"-2 "1 %2"#1%%+ 3"1! (&($*/#%/.! %-2"-%# #& 1!/1 "1 %2"-# $"*+"-2 8"#""*"10 /-+ #!&3# $( %/*0 &- 1!% *"#1 (&8"+%+ 0 1!% #%/.!%-2"-%
A-&1!% #%/.! %-2"-% &*% "# 1& (&8"+% / #"1% &- 3!".! /+8%1"#%# ./- (*/.% /+# T!% (!/#% #%/.!4/9%1"-2 +%#."%# /- /((&/.! 1!/1 %*"%# &- /.1"&-# "-"1"/1%+ 0 .&-#$4%# S"-.% 1!%0 /% #%/.!"-2'& /(/1".$*/ 1&("., 3%#"1%# /-+ 1!% /+# &- 1!%4 /% -&1 (%.%"8%+ 1& % /# "-1$#"8% /# &1!% '&4# &'
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INSIGHT
/+8%1"#"-2 B$#"-%##1&$#"-%## 4/9%1"-2 '"-+# 1!%#% /+# 1& % (/1".$*/*0 !"2! "- "4(/.1 F&%6/4(*%, 3!%- C&$2/1%+ M%1/*#, / #!%%14%1/* .&4(/-0 "- C!"./2&, -%%+%+ 1& $"*+ "1# $#"-%##, "1#(%-1 > / 4&-1! 1& 2%1 /- /+ '& "1# $#"-%## 1& (&( $( &- G&&2*% 3!%- /-0&-% #%/.!%+ '& &**'&4"-2, / (&.%## 1!/1 #!/(%# 4%1/* T!% '"4 %(&1%+ 1!/1 3"1!"- +/0#, 1!% /+ 2%-%/1%+ 4"**"&-# &'+&**/# &' #/*%#
Passage adapted from Wells W. et al. (200!" #dvertising Principles and Practice". $e% &erse'
Pearson Prentice )all.
5/) G"8% 1!% (/##/2% / #$"1/*% 1"1*% 5@ M/9#)
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INSIGHT
58""") .&4("*% 5@ M/9#)
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INSIGHT
QUESTION
5/) W!/1 /% .&44/# $#%+ '&= 5M/9#)
5) P$-.1$/1% 1!% '&**&3"-2 (/##/2%:
M/-0 3&+# (&8&9% #1&-2 %4&1"&-/* %/.1"&-# "- 1!% %.%"8% 1!% 3&+ #-/9% +%-&1%# /(!0#"./* &%.1# $1 "1 ./- /*#& (&+$.% #1&-2 '%%*"-2# &' %8$*#"&- 1!%% /% &../#"&-# 3!%-3"1%# +%*"%/1%*0 .!&% 3&+# '& 1!%" /''%.1"8% .&--&1/1"&-# 3!%- .&4("-2/+8%1"#%4%-1# '& %6/4(*% 5
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INSIGHT
E
E4(/1!0
? U(3/+U(3/+ 8%1"./*
@ L"#1%-"-2
L"#1%-"-2 /-+ #(%/9"-2
R%/+"-2
W"11%-
A%8"/1"&-#/.&-04#
H&-&/"$4
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INSIGHT
> T/+%
EXAMINERS COMMENT
T!% 7$%#1"&-# "- 1!"# #%.1"&- &' 1!% (/(% #!&3 /+%7$/1% #(%/+ &' 1!% +"''%%-1 (/1# &' 1!%
#0**/$# C/-+"+/1%# (%'&4/-.% 3/# /8%/2%
SECTION B COMPULSORY
/) T!% &*% $#% &' 1!% "-1%-%1 "- 4/9%1"-2 .&44$-"./1"&-
OR T!% "-1%-%1 /-+ 4/9%1 .&44$-"./1"&-
) 5") I1 "# $#%+ '& .&44$-"./1"-2 %4(*&0%%#, #$((*"%# /-+ +"#1"$1
OR I1 "# $#%+ '& .&44$-"./1"-2 3"1! %*%8/-1 #1/9%!&*+%# "- 1!% $#"-%##
5"") I1 "# $#%+ '& /+8%1"#"-2 /-+ (&4&1"&-#
.) O2/-"#/1"&-# /% /*% 1& .&-1/.1 %4(*&0%%# #(%%+"*0 -& 4/11% 1!%" *&./1"&-# 3"1!&$1 1!%
(&*%4# /##&."/1%+ 3"1! #$'/.% 4/"*
+) T!% 13& /+8/-1/2%# &' 1!% B>B 3% (/2% /%:
5") I1 ./"%# #/*%# 4%##/2%# /-+ &1!% .&(&/1% "-'&4/1"&-
5"") I1 ./"%# 4&% "-'&4/1"&- 1!/- 1!% ("-1 4%+"$4
%) A+8%1"#%# !/8% "-1&+$.%+ 2/4%#, .&-1%#1#, "-1%8"%3# /-+ 4$#"./*
P%'&4/-.%# "-1& 1!%" 3%#"1%# "- &+% 1& /11/.1 /-+ %1/"- 1!%" /$+"%-.%#
') A 4/9%1% $"*+"-2 / 3%#"1% %2"#1%# 3"1! #%/.! %-2"-%# 1& 2/"- /..%##
1& 3"+% 4/9%1# /-+ ($*"."10
ATSWA PART I MARCH 2011
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70/75
INSIGHT
2) C&-#$4%# %2/+ /+8%1# /-+ 3% #"1%# &- 1!%" 1&(". &' "-1%%#1
$-"-1$#"8% %./$#% 1!%0 "-"1"/1%+ / #%/.! #& 1!/1 /** &''%"-2# &- 1!/1 1&(".
/% #%%- /# #&*"."1%+ /-+ %*/1%+
!) 5") V/0 +"''%
5"") B*$# %/#%#!"+%#*&1#
5""") L&./1%+ .&-1/.1%+%/.!%+
5"8) V/2/"%# I-/+%7$/."%##!&1.&4"-2#(&*%4#
58) D"#1"-.1"&- +"''%%-.%
58") C&--%.1 *"-9%*/1%
58"") F/.% I+%-1"10%(%#%-1/1"&-
58""") C&4("*% 2/1!%/##%4*%
R$".#:
-
8/13/2019 Part i Insight March 2011
71/75
INSIGHT
.&-.%-1/1"&- &' 1!% *"#1%-% I' 1!% 1&(". "# "-1%%#1 /%#1"-2, 1!% *"#1%-% ./--&1 $1 %/11%-1"8%
B C&-+$."8% %-8"&-4%-1: T!% %-8"&-4%-1 4$#1 % .&-+$."8% 1& *"#1%-"-2 A (&&*0
8%-1"*/1%+ /-+ &8%.&3+%+ &&4 3"** % 1&& !&1 '& /-0 4%/-"-2'$* .&-.%-1/1"&- 1&1/9% (*/.% A 3%** 8%-1"*/1%+ & /".&-+"1"&-%+ &&4 3"** !/8% / +"%.1 %/"-2 &- 1!%*%8%* &' .&-.%-1/1"&- &' 1!% *"#1%-%, /# !% +&%# -&1 !/8% 1& #1$22*% 3"1! !%/1 /-+!$4"+"10
C N&- 8%/* .$%#: A *"#1%-% 4$#1 (/0 /11%-1"&- 1& 1!% #(%/9%# -&- 8%/* .$%# &'1&-%, "-1&-/1"&-, 2%#1$%# /-+ &+0 4&1"&-# 1& %-!/-.% 1!% 4%##/2% '&4 1!% #(%%.!#"2-/*# E''%.1"8% *"#1%-"-2 %7$"%# / ./%'$* #0-.!&-"J/1"&- &' 8%/* /-+ -&- 8%/*.$%# '& / !"2! *%8%* &' .&-.%-1/1"&-
D E*"4"-/1"&- &' D"#1/.1"&-#: D"#1/.1"&-# ./- .&4% '&4 3"1!"- 1!% *"#1%-% & '&4
3"1!&$1 D"#1/.1"&-# '&4 3"1!"- %-1/"*# 4"-+ 3/-+%"-2 3!".! "-2# $( #"4"*/ &
+"##"4"*/ %8%-1# (%8"&$#*0 %6(%"%-.%+ 0 1!% *"#1%-%, $1 %61/-%&$# 1& 1!% (%#%-1
1&(". T!%#% ./- -%2/1"8%*0 /''%.1 .&-.%-1/1"&- D"#1/.1"&-# '&4 3"1!&$1 %-1/"*#
2"8"-2 /11%-1"&- 1& '*%%1"-2 /.1"8"1"%# & -&"#% 2&"-2 &- "- 1!% %-8"&-4%-1 (&6"4/1% 1&
1!% &&4 3!%% *"#1%-"-2 "# %7$"%+ T!%#% 1&& /% /+ '& %''%.1"8% *"#1%-"-2 T!%
*"#1%-% 4$#1, 1!%%'&%, %*"4"-/1% /** '&4# &' +"#1/.1"&-# "- &+% 1& /.!"%8% %''%.1"8%
*"#1%-"-2
E O%.1"8% .&-#"+%/1"&- &' 1!% #(%%.!: E''%.1"8% *"#1%-"-2 %7$"%# /- &%.1"8%,
$-%4&1"&-/* /-+ -&-$+2%4%-1/* .&-#"+%/1"&- I' 1!% *"#1%-% +%#"%# 1& /.!"%8% / !"2!
*%8%* &' .&-.%-1/1"&-, !% 4$#1 #%1 /#"+% /** '&4# &' (%$+".%
F T!% #(%/9% -%%+# '%%+/.9: M/-0 *"#1%-%# !/+*0 %/*"J% 1!/1 / -&+, / 3"-9, / #4"*%,
/ .*/(, / '&3- '&4 1!%4 #(%/9# 8&*$4% &' 1!%" /11%-1"8% *"#1%-"-2 1& 1!% #(%/9% A#
4$.! /# 1!"# %-.&$/2%# 1!% #(%/9%, "1 /*#& +%4&-#1/1%# 1!% !"2! *%8%* &' .&-.%-1/1"&-
&' 1!% *"#1%-%
EXAMINERS COMMENT
T!"# 7$%#1"&- 1%#1# &-% &' 1!% */-2$/2% #9"**# *"#1%-"-2 A&$1 @ &' 1!% ./-+"+/1%# /11%4(1%+1!% 7$%#1"&- T!%" (%'&4/-.% 3/# (&& /# / %#$*1 &' 1!%" "-/"*"10 1& $-+%#1/-+ 1!/1 1!%"/11%-1"&- #!&$*+ % '&.$#%+ &- 1!% *"#1%-% /-+ -&1 1!% #(%/9% C/-+"+/1%# #!&$*+ %-+%/8&$ 1$+0 1!% '&$ */-2$/2% #9"**#
SOLUTION 2
ATSWA PART I MARCH 2011
-
8/13/2019 Part i Insight March 2011
72/75
INSIGHT
C&44$-"./1"&- "# 2%-%/**0 +%'"-%+ /# / (&.%## &' #!/"-2 "-'&4/1"&-, 1!&$2!1# /-+ %4&1"&-# %13%%-
/ #&$.% /-+ / +%#1"-/1"&- +%8&"+ &' $-.%1/"-1"%#
T!%% /% 13& 4/& 10(%# &' .&44$-"./1"&-: I-1%-/* /-+ %61%-/* .&44$-"./1"&-
5A) I*+, C))(:+(% T!"# 10(% &' .&44$-"./1"&- &"2"-/1%# /-+ %-+# 3"1!"- 1!% #/4%&2/-"#/1"&- T!%% "-1%-/* .&44$-"./1"&- '*&3# ./- % "+%-1"'"%+ T!%0 /% 8%1"./*,
!&"J&-1/* /-+ +"/2&-/*
5/) V%1"./* .&44$-"./1"&-: T!"# &..$# %13%%- / #$(%"& &''".% /-+ / #$&+"-/1% W!%- "1
&"2"-/1%# '&4 1!% #$(%"&, "1 "# +&3-3/+ 8%1"./* "- 1!% '&4 &' +"%.1"8%# /-+
"-#1$.1"&-# W!%- "1 &"2"-/1%# '&4 1!% #$&+"-/1%, "1 "# $(3/+ 8%1"./* "- 1!% '&4 &'
%(*"%#'%%+/.9 /-+ #$22%#1"&-# V%1"./* .&44$-"./1"&- &..$# %13%%- &''".%# /-+
#!&('*&& #1/'' &' 1!% #/4% +%(/14%-1
5) H&"J&-1/* C&44$-"./1"&-: T!"# &..$# %13%%- &''".%# &- 1!% #/4% *%8%* &' .&44/-+
/.# +%(/14%-1# &' 1!% #/4% &2/-"#/1"&-, %2 %13%%- 1!% (&+$.1"&- 4/-/2% /-+ 1!%(&.$%4%-1 4/-/2%
5.) D"/2&-/* C&44$-"./1"&-: T!"# &..$# 3!%- / 4/-/2% &' / +%(/14%-1 !/# 1& +%/*
+"%.1*0 3"1! /- &''".% &' / *&3% *%8%* &' .&44/-+ '&4 /-&1!% +%(/14%-1 T!"#
$#$/**0 &..$# "- /- &2/-"J/1"&- 3!%% 1/+% $-"&-"#4 &(%/1%#
5B) E7*+, C))(:+(% T!"# "# 1!% .&44$-"./1"&- '&4 1!% 4/-/2%4%-1 &' &-%
&2/-"J/1"&- 1& /- "-+"8"+$/* & 2&$( &' "-+"8"+$/*# &$1#"+% &' 1!% %#1/*"#!4%-1 & '&4 &-%
4/-/2%4%-1 1& /-&1!% .&4(/-0# 4/-/2%4%-1 T!"# 10(% &' .&44$-"./1"&- 2&%# '&4 /-
&2/-"J/1"&- 1& /-0 &1!% &2/-"J/1"&- #$.! /# 2&8%-4%-1, /2%-."%# &' 2&8%-4%-1 /-+ -&-2&8%-4%-1/* &2/-"#/1"&-# E61%-/* .&44$-"./1"&- "# %6%4(*"'"%+ "- *%11%#, (%#, !/-+"**#,
"**&/+#, /+8%1"#%4%-1# "- -%3#(/(%#, /+"& /-+ 1%*%8"#"&-
E61%-/* .&44$-"./1"&- #$''%# '&4 +%*/0%+ '%%+/.9 %./$#% &' 1!% +"#1/-.% %13%%- 1!%
&2/-"J/1"&-# "- .&44$-"./1"&- E61%-/* .&44$-"./1"&- /*#& ./**# '& (&(% (*/--"-2 /-+
'/$*1*%## %6%.$1"&- /# "1# 7$/*"10 3"** (&%.1 1!% "4/2% &' "1# &"2"-
EXAMINERS COMMENT
T!"# 7$%#1"&- 1%#1# ./-+"+/1%# 9-&3*%+2% &' &2/-"#/1"&-/* .&44$-"./1"&- A&$1 @ &' 1!%./-+"+/1%# /11%4(1%+ 1!% 7$%#1"&- T!% (%'&4/-.% &' 1!% ./-+"+/1%# 3!& /-#3%%+ 1!"#7$%#1"&- 3/# %*&3 /8%/2% T!"# 3/# +$% 1& 1!% ./-+"+/1%# "-/"*"10 1& "+%-1"'0 1!% +"''%%-.%#%13%%- "-1%-/* /-+ %61%-/* .&44$-"./1"&- C/-+"+/1%# #!&$*+ '/4"*"/"J% 1!%4#%*8%# 3"1!1!% .&-.%(1 1%#1%+ !%% O2/-"#/1&-/* C&44$-"./1"&-
SOLUTION
ATSWA PART I MARCH 2011
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8/13/2019 Part i Insight March 2011
73/75
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8/13/2019 Part i Insight March 2011
74/75
INSIGHT
!&3%8%, 1!% 4%%1"-2 !&*+# 3"1!&$1 / 7$&$4, 1!% +%."#"&-# 1/9%- 1& % "-+"-2, 3&$*+ !/8% 1& %
/1"'"%+ /1 /-&1!% 4%%1"-2 "- 3!".! / 7$&$4 "# '&4%+ E8%0 &2/-"J/1"&- #1/1%# 1!% -$4% &'
4%4%# 1!/1 #!&$*+ '&4 / 7$&$4 /1 "1# 4%%1"-2# $1 '& 4 &2/-"J/1"&-#, 1!% -$4% "# >? &' 1!%
4%4%#!"( &' 1!% 3!& /% 7$/*"'"%+ 1& /11%-+ #$.! / 4%%1"-2
5"") V&1"-2
V&1"-2 "# 1!% 4%/-# &' /"8"-2 /1 / +%."#"&- /1 / 4%%1"-2 D$"-2 8&1"-2, 4%4%# "-+"./1%
1!%" (%'%%-.% '& / (/1".$*/ .&$#% &' /.1"&- T!%% /% +"''%%-1 3/0# &' .&-+$.1"-2 8&1"-2
T!%% "# 8&".% 8&1"-2, 8&1"-2 0 #!&3 &' !/-+#, 8&1"-2 0 #%.%1 /**&1 /-+ 8&1"-2 0 +"8"#"&- &'
4%4%#!"( (!0#"./**0 W!%% 1!%% "# / 1"% "- 1!% 8&1"-2, 1!% (%#"+"-2 &''".% "# %7$"%+ 1& 2"8%
/ ./#1"-2 8&1% 0 8&1"-2 '& &-% &' 1!% &(1"&-#
5""") M"-$1%# &' 4%%1"-2
T!% 4"-$1%# &' 4%%1"-2 "# 1!% &%.1"8%, /$1!%-1". /-+ (%4/-%-1 %.&+ &' 1!% (&.%%+"-2# &' /4%%1"-2 T!% 4"-$1%# &' / 4%%1"-2 .&-1/"-# / *"#1 &' (%&(*% (%#%-1 /# 3%** /# 1!% 3!& 3%%
/#%-1 /1 1!/1 4%%1"-2 D%."#"&-# 1/9%- /1 1!% 4%%1"-2 /-+ 4/& %8%-1# 1!/1 1&&9 (*/.% /%
%.&+%+ "- 1!% &+% "- 3!".! 1!%0 ./4% $( /1 1!% 4%%1"-2 T!"# #%7$%-.% "# /*#& 1!% #%7$%-.% &'
1!% /2%-+/ &' 1!% 4%%1"-2 T!% S%.%1/0, & /-0&+0 #& /((&"-1%+ 1& /.1 '& !"4, 3"1%# 1!%
4"-$1%# &' 1!% 4%%1"-2
5"8) P&60
T!"# "# 1!% /$1!&"10 .&-'%%+ &- / (%#&- 1& /11%-+ / 4%%1"-2 &- %!/*' &' /-&1!% /-+ 8&1% "-
!"# (*/.% T!% (&60 "# /*#& %.&2-"J%+ /# '"1 1& %6%."#% /** 1!% "2!1# /-+ ("8"*%2%# &' 1!% (%#&-
!% "# %(%#%-1"-2
58) M&1"&-
T!"# "# / (&(/* ($1 %'&% / 4%%1"-2 '& .&-#"+%/1"&-, +%."#"&- /-+ /.1"&- A 4&1"&- 1& %
($1 %'&% / 4%%1"-2 4$#1 !/8% / 4&8%, "% 1!% (%#&- (&("-2 1!% 4&1"&-; /-+ / #%.&-+%, "%
1!% (%#&- 3!& #$((&1# 1!% 4&1"&- I' / 4%4% #%%# 1!% -%%+, !% 4/0 (&(% /- /4%-+4%-1
&' 1!% 4&1"&- 0 /*1%"-2 / (/1 &' "1 A 4&1"&- ($1 %'&% / 4%%1"-2 #!&$*+ % +%/1%+ /-+
+%."+%+ $(&- I- &+% 1& 1/9% / +%."#"&- &- / 4&1"&- 3!%1!% "1 3"** % /..%(1%+ & %%.1%+, "1
#!&$*+ % 8&1%+ $(&- A*#&, "- &+% 1& +%1%4"-% 1!% #1/1$# /-+ /..%(1/"*"10 &' /- /4%-+4%-1,"1 #!&$*+ %7$/**0 % 8&1%+ $(&-
EXAMINERS COMMENT
T!"# 7$%#1"&- 1%#1# ./-+"+/1%# 9-&3*%+2% &' .&-.%(1# $#%+ "- M%%1"-2# A&$1 &' 1!%./-+"+/1%# /-#3%%+ 1!"# 7$%#1"&- I- #("1% &' 1!% (&($*/"10 &' 1!"# 7$%#1"&- /4&-2 ./-+"+/1%#,&-*0 /&$1 @ &' 1!%4 #.&%+ /&8% /8%/2% 4/9 T!% ./-+"+/1%# *&3 (%'&4/-.% 3/# +$%
ATSWA PART I MARCH 2011
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8/13/2019 Part i Insight March 2011
75/75
INSIGHT
1& 1!%" */.9 &' $-+%#1/-+"-2 &' .&-.%(1# /##&."/1%+ 3"1! 4%%1"-2# .&$(*%+ 3"1! 1!%" (&&%6(%##"&- /"*"10 C/-+"+/1%# #!&$*+ '/4"*"/"#% 1!%4#%*8%# 3"1! "##$%# "- .&44$-"./1"&- "-&2/-"#/1"&-#