Management – Page 2

BMF – Nov 2020 – L1 – SA – Q18 – Business and Organizational Structures and Choices

Identify a key characteristic of a global company.

Question

One of the characteristics of a global company is that:
A. Management makes strategic decisions for each foreign market
B. Products are adapted to the requirements of the local market
C. Marketing is adapted in each country to suit the local culture
D. The value chain in each country of operation is optimised
E. The senior managers are likely to come from different countries

Answer

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Tags: Global Company, International Strategy, Management
Level: Level 1

Topic: Business and Organizational Structures and Choices
Series: NOV 2020

BMF – Nov 2020 – L1 – SA – Q2 – Business and Organizational Structures and Choices

Identify the option that is NOT one of the six inter-related elements of culture within an organisation.

Question

Which of the following is NOT one of the six inter-related elements of culture within an organisation?
A. Control systems
B. Size of the organisation
C. Stories and myths
D. Symbols
E. Routines and rituals

Answer

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Tags: Culture Elements, Management, Organizational Culture
Level: Level 1

Topic: Business and Organisational Structure
Series: NOV 2020

BMF – MAY 2016 – L1 – SA – Q15 – Basic Management Functions

Multiple choice question on management's role in building successful teams.

Question

A role of management in building a team is to provide ………………. to teams and workgroups, so that the term can be successful.

A. Supervision
B. Coordination
C. Leadership
D. Control
E. Motivate

Answer

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Tags: Leadership, Management, Team Building
Level: Level 1

Topic: Basic Management Functions
Series: MAY 2016

BMF – Nov 2014 – L1 – SA – Q4 – Management, Individual, and Organizational Behavior

Identifies the disadvantage of decentralisation in management.

Question

The following are the advantages of decentralisation EXCEPT that it:

A. Promotes development of general managers
B. Aids adaptation to fast-changing environment
C. Enhances a uniform policy
D. Relieves top management of some burden of decision-making
E. Gives managers more freedom and independence in decision-making

Answer

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Tags: Decentralisation, Decision Making, Management, Organisational Structure
Level: Level 1

Topic: Management, Individual, and Organizational Behavior

BF – Nov 2015 – L1 – SA – Q6 – Basic Management Functions

Identifying the term synonymous with management function.

Question

Management function is synonymous with:
A. Management process
B. Scientific management
C. Managerial roles
D. Managerial skills
E. Strategic management

Answer

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Tags: Management, Process, Roles
Level: Level 1

Topic: Basic Management Functions
Series: NOV 2015

BF – Nov 2015 – L1 – SA – Q4 – Basic Management Functions

Identifying the exception among the advantages of decentralization.

Question

The following are advantages of decentralisation EXCEPT that it
A. Promotes development of general managers
B. Aids adaptation to fast-changing environment
C. Enhances a uniform policy
D. Relieves top management of some burden of decision making
E. Gives managers more freedom and independence in decision making

Answer

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Tags: Decentralization, Management, Policy
Level: Level 1

Topic: Basic Management Functions
Series: NOV 2015

BL – Nov 2015 – L1 – SA – Q5 – Company Law

Exercising shareholder rights to challenge company management.

Question

The right of a shareholder to challenge the management of a company may be exercised through
A. Refusal to pay salaries to members of the Management Board
B. Protests and placards at the venue of the Annual General Meeting
C. Withholding payment for the value of shares held in the company
D. Payment of taxes
E. Voting at a General Meeting

Answer

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Tags: Company Law, Management, Multiple Choice, Shareholders
Level: Level 1

Topic: Company Law
Series: NOV 2014

SCS – Nov 2019 – L3 – Q2c – Controlling risk

Recommend governance and organizational changes for Ghanalux to improve its performance.

Question

i) In response to the views of the company directors, and giving your reasons, recommend any changes to the governance and organization of Ghanalux that would benefit the performance of the company.
(8 marks)

Answer

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Tags: Governance, Management, Organization
Level: Level 3

Topic: Controlling Risk
Series: NOV 2019

SCS – Nov 2020 – L3 – Q1 – Strategy, stakeholders and mission

Explain how the mission statement of GGOH can be made relevant to the future success of the organization.

Question

A mission statement can have several different purposes. In reference to the mission statement of GGOH, explain how management can make it relevant to the future success of the organization. (10 marks)

Answer

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Tags: Business Objectives, Management, Mission Statement, Strategy, Success
Level: Level 3

Topic: Strategy, stakeholders, and mission
Series: NOV 2020

BMF – May 2018 – L1 – SA – Q10 – Basic Management Functions

Understanding the managerial functions requiring leadership in planning, organizing, and communicating.

Question

Managerial functions like planning, organizing, coordinating, and communicating require __________ because they involve giving guidance and direction to employees:
A. Management
B. Foresight
C. Experience
D. Leadership
E. Intuition

Answer

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Tags: Decision Making, Leadership, Management
Level: Level 1

Topic: Basic Management Functions
Series: MAY 2018

BMF – Nov 2021 – L1 – SA – Q17 – The Role of Professional Accountants in Business and Society

Question on who developed agency theory in 1976.

Question

Agency theory was developed in 1976 by:

A. Fayol and Mayo
B. Kanter and Urwick
C. Jensen and Meckling
D. Mintzberg and Ouchi
E. Frank and Lillian Gilbreth

Answer

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Tags: Agency theory, Corporate Governance, Management
Level: Level 1

Topic: The Role of Professional Accountants in Business and Society
Series: NOV 2021

BMF – May 2022 – L1 – SA – Q5 – Management, Individual, and Organisational Behaviour

Identify the key advantage of the "sells style" of leadership.

Question

Which of the following is an advantage of the “sells style” of leadership?

A. Not dictatorial
B. Has greater interest and involvement for subordinates
C. Has stronger motivation amongst subordinates
D. Allows subordinates to contribute their knowledge and experience to the decision-making process
E. Provides opportunity for subordinates to gain better insights and understanding

Answer

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Tags: Leadership, Leadership Styles, Management, Sells Style
Level: Level 1

Topic: Management, Individual, and Organizational Behavior
Series: MAY 2022

BL – Nov 2022 – L1 – SA – Q3 – Partnership Law

Identifying the term for a partner who participates in managing the firm.

Question

A partner who participates in the management of the firm is called a:

A. Matching partner
B. Limited partner
C. Coordinating partner
D. General partner
E. Contributing partner

Answer

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Tags: Management, Partnership
Level: Level 1

Topic: Partnership Law
Series: NOV 2022

BMF – Nov 2022 – L1 – SB – Q4 – Management, Individual, and Organisational Behaviour

This question covers motivational theories and management responsibility categories.

Question

Employees differ in their basic motivational drive, therefore, it is the responsibility of the manager to find the best way to motivate his or her employees to get work done.

Required:
a. Explain briefly the THREE primary mechanisms of reinforcement theory of motivation and state FOUR factors that shape the culture of an organisation. (10 Marks)
b. State FIVE categories of management responsibility as suggested by Peter Drucker. (10 Marks)

Answer

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Tags: Management, Motivation, Peter Drucker, Reinforcement Theory
Level: Level 1

Topic: Management, Individual, and Organizational Behavior
Series: NOV 2022

BMF – Nov 2022 – L1 – SA – Q5 – The Business Environment

This question examines understanding of economies of scale.

Question

Which of the following is NOT an example of economies of scale?
A. Generate better efficiency through larger quantities of output
B. Able to employ specialist managers to increase efficiencies
C. Able to buy and sell in retail at more optimal prices
D. Able to demand better interest rates with more assets as collateral
E. Firms clustering together to develop specialized labor force

Answer

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Tags: Economies of scale, Efficiency, Management
Level: Level 1

Topic: The Business Environment
Series: NOV 2022

AA – Mar/Jul 2020 – L2 – Q3 – Internal Control and Audit Importance for Big Man Nigeria Ltd

Explanation of internal control, objectives, features, and responsibilities of management, board, and auditors.

Question

Big Man Nigeria Limited is registered with the Corporate Affairs Commission. The services to be rendered are awaiting regulatory approval. Pending that approval, directors of the company have been funding the operations of the company through the parent company for the past four years. However, the newly appointed chairman of the company’s board of directors believes there is the need to organize the company strategically so as to make it more attractive to investors.

Your father’s friend, Mr. Ado, has been appointed as the Managing Director of the company, and he is interested in appointing an accountant to keep the books of accounts of the company. The present financial operation of the company does not show a good internal control structure. Added to this, Ado is thinking of recommending to the board of directors the need to appoint an external auditor.

The Managing Director, who is not an accountant, has requested for your advice on the need for an adequate internal control system in a company.
Explain to Mr. Ado, the following:
a. Meaning of internal control. (4 Marks)
b. Objectives of internal control. (6 Marks)
c. Features of a good internal control system. (4 Marks)
d. Regarding internal control, the responsibilities of:
i. Management; (2 Marks)
ii. Board of Directors; and (2 Marks)
iii. External auditors. (2 Marks)
(Total 20 Marks)

Answer

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Tags: Board of Directors, External Auditors, Internal Control, Management
Level: Level 2

Topic: Internal Control Systems
Series: MAR/JULY 2020

BMF – May 2023 – L1 – SB – Q6b – Business and Organizational Structures and Choices

Describe a network organizational structure and state four of its salient features.

Question

Describe a network organisational structure and state FOUR of its salient features.

Answer

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Tags: Business Models, Management, Network Structure, Organizational Structure
Level: Level 1

Topic: Business and Organizational Structures and Choices
Series: MAY 2023

BMF – May 2023 – L1 – SB – Q6a – Business and Organizational Structures and Choices

Describe a matrix organizational structure and state its two main advantages.

Question

Describe a matrix organizational structure and state its TWO main advantages.

Answer

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Tags: Management, Matrix Structure, Organizational Structure, Teamwork
Level: Level 1

Topic: Business and Organizational Structures and Choices
Series: MAY 2023

BMF – Nov 2019 – L1 – SB – Q4a – Management, Individual, and Organisational Behaviour

State and explain Lyndall Urwick's ten principles of management.

Question

(a) According to management theory, an organisation is built on ten principles. State and explain these TEN principles as propounded by Lyndall Urwick. (10 Marks)

Answer

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Tags: Lyndall Urwick, Management, Organisational Theory
Level: Level 1

Topic: Management, Individual, and Organizational Behavior
Series: NOV 2019

BMF – Nov 2019 – L1 – SB – Q1a – Basic Management Functions

Construct and explain Mendelow’s 2x2 interest-power matrix for managing stakeholders' interests.

Question

(a) Managing stakeholders’ interests can be a challenging task for managers. Mendelow proposed a model of mapping each stakeholder’s power and interest in order to win particular stakeholder groups for business decisions.

Construct the 2×2 interest/power matrix and recommend approaches for dealing with each stakeholder group. (14 Marks)

Answer

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Tags: Management, Stakeholder Interest, Stakeholder Power, Strategy
Level: Level 1

Topic: Basic Management Functions
Series: NOV 2019

Question Tag: Management

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BMF – Nov 2020 – L1 – SA – Q18 – Business and Organizational Structures and Choices

Identify a key characteristic of a global company.

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BMF – Nov 2020 – L1 – SA – Q2 – Business and Organizational Structures and Choices

Identify the option that is NOT one of the six inter-related elements of culture within an organisation.

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BMF – MAY 2016 – L1 – SA – Q15 – Basic Management Functions

Multiple choice question on management's role in building successful teams.

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BMF – Nov 2014 – L1 – SA – Q4 – Management, Individual, and Organizational Behavior

Identifies the disadvantage of decentralisation in management.

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BF – Nov 2015 – L1 – SA – Q6 – Basic Management Functions

Identifying the term synonymous with management function.

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BF – Nov 2015 – L1 – SA – Q4 – Basic Management Functions

Identifying the exception among the advantages of decentralization.

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BL – Nov 2015 – L1 – SA – Q5 – Company Law

Exercising shareholder rights to challenge company management.

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SCS – Nov 2019 – L3 – Q2c – Controlling risk

Recommend governance and organizational changes for Ghanalux to improve its performance.

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SCS – Nov 2020 – L3 – Q1 – Strategy, stakeholders and mission

Explain how the mission statement of GGOH can be made relevant to the future success of the organization.

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BMF – May 2018 – L1 – SA – Q10 – Basic Management Functions

Understanding the managerial functions requiring leadership in planning, organizing, and communicating.

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BMF – Nov 2021 – L1 – SA – Q17 – The Role of Professional Accountants in Business and Society

Question on who developed agency theory in 1976.

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BMF – May 2022 – L1 – SA – Q5 – Management, Individual, and Organisational Behaviour

Identify the key advantage of the "sells style" of leadership.

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BL – Nov 2022 – L1 – SA – Q3 – Partnership Law

Identifying the term for a partner who participates in managing the firm.

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BMF – Nov 2022 – L1 – SB – Q4 – Management, Individual, and Organisational Behaviour

This question covers motivational theories and management responsibility categories.

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BMF – Nov 2022 – L1 – SA – Q5 – The Business Environment

This question examines understanding of economies of scale.

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AA – Mar/Jul 2020 – L2 – Q3 – Internal Control and Audit Importance for Big Man Nigeria Ltd

Explanation of internal control, objectives, features, and responsibilities of management, board, and auditors.

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BMF – May 2023 – L1 – SB – Q6b – Business and Organizational Structures and Choices

Describe a network organizational structure and state four of its salient features.

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BMF – May 2023 – L1 – SB – Q6a – Business and Organizational Structures and Choices

Describe a matrix organizational structure and state its two main advantages.

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BMF – Nov 2019 – L1 – SB – Q4a – Management, Individual, and Organisational Behaviour

State and explain Lyndall Urwick's ten principles of management.

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BMF – Nov 2019 – L1 – SB – Q1a – Basic Management Functions

Construct and explain Mendelow’s 2x2 interest-power matrix for managing stakeholders' interests.

You're reporting an error for "BMF – Nov 2019 – L1 – SB – Q1a – Basic Management Functions"

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