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Question 1:
(a) Explain fully the difference between ‘Pay-As-You-Use' and ‘Pay-As-You-Go' methods of financing infra-structural projects.
(b) Write short notes on any ONE of the following:
(i) Private Finance Initiative
(ii) The life cycle costs of a physical asset
Question 2:
(a) Describe the incremental budgeting technique. Illustrate your answer with practical examples such as in recurrent expenditure budgeting.
(b) Give three reasons why incremental budgeting is still practised in the public sector in spite of its limitations.
Question 3:
Using an example of your choice, describe how Social Cost Benefit Analysis is applied in the public sector.
what are the advantages and disadvantages of incremental budgeting?
Explain how to resolve a "ranking conflict" between the net present value and the internal rate of return. Why should the conflict be resolved as you explained? Whenever there
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Compare and contrast mutual and stockholder-owned savings and loan associations. Some loan and savings associations are owned by stockholders, just as commercial banks and oth
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