Question 5
- State five responsibilities expected of an employee in maintaining a healthy and safe working environment.
 - State five characteristics of first in, first out method of stock valuation
 
Observation
Most of the candidate did not attempt this question and majority of those who did, performed above average.
For this part, candidates were not able to clearly articulate the characteristics of first in, first out. Some stated the characteristics of last in, first out.
The responses expected from candidates are:
a. Responsibilities of an employee in  maintaining a healthy and safe working environment  
          
  i. An employee is expected to care for  his health and safety alongside that of other workers.
         
   ii. Cooperate with the employer on health  and safety matters.  
          
  iii. He  should not misuse any equipment provided for safety purpose.
         
   iv. He should report to the employer any  personal health and safety concern.
         
   v. He should report hazards and defects  observed in the work place to the employer.
         
   vi. He must use safety wears during work  hours properly.
         
   vii. He must adhere to instructions from the  employer with regard to health and safety matters.
         
   viii. He would attend relevant health and safety  training and apply the knowledge acquired.
          
  ix. He would adhere to laid down rules and  regulations of government on safety matters.
          
  x. He would ensure that he is not under  the influence of any intoxicant to the extent that they can be a danger to him  and others.
        
    xi. He would ensure proper cleaning of the  work environment.
          
b. Characteristics of First In, First Out:
i.          It is an actual cost system;
    ii.         It is a good representation of  excellent storekeeping practice whereby oldest stock are issued first;
    iii.        Unrealised profit or losses do not  arise;
    iv.        Stocks are valued based on the more  recently acquired materials;
    v.         The  system prevents obsolete items;
    vi.        It is administratively clumsy because of  the necessity to keep track of each batch of supplies; 
    vii.       It renders cost comparison between jobs  difficult because the material issue price may vary from batch;
    viii.      In periods of rising price, profits are  over stated;
    ix.        It is easy to understand and  compute