Management – Page 4

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 – May 2024 – L1 – SB – Q5a – Management, Individual, and Organizational Behavior

Causes and characteristics of conflict in an organization and implications of expectancy theory for management.

Question

a. Conflict usually has a negative impact on the effectiveness of an organization.
i. Explain SIX causes of conflict in an organization. (6 Marks)
ii. Explain FOUR characteristics of conflict. (4 Marks)

Answer

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Tags: Conflict Causes, Conflict Characteristics, Expectancy Theory, Management, MBO
Level: Level 1

Topic: Management, Individual, and Organizational Behavior
Series: MAY 2024

BMF – May 2024 – L1 – SA – Q8 – Business and Organizational Structures and Choices

Identifying the type of organization not limited by predefined boundaries.

Question

An organization that is not defined by, or limited to, the horizontal, vertical, or external boundaries imposed by a predefined structure is called a/an:
A. Matrix organization
B. Boundaryless organization
C. Divisional organization
D. Virtual organization
E. Entrepreneurial organization

Answer

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Tags: Boundaryless Organization, Management, Organizational Structures
Level: Level 1

Topic: Business and Organizational Structures and Choices
Series: MAY 2024

MA – Mar 2023 – L2 – Q4b – Budgetary Control

Define budgetary control and its purpose in business operations.

Question

i) Explain budgetary control. (2 marks)

ii) Recommend TWO (2) ways by which budgetary control can help to provide information to ensure operational continuity. (3 marks)

Answer

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Tags: Budgetary Control, Financial planning, Management

Topic: Budgetary control
Series: MAR 2023

AA – Dec 2022 – L2 – Q4b – Professional and Ethical Considerations

Discusses the advantages and disadvantages of outsourcing the internal audit function in an organization.

Question

Your management has decided to outsource the internal audit function in your organization. You have been assigned to make a presentation to management.

Required:
Discuss THREE (3) advantages and TWO (2) disadvantages of outsourcing the Internal Audit function in your presentation

Answer

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Tags: Audit Function, Decision Making, Internal Audit, Management, Outsourcing
Level: Level 2

Topic: Professional and Ethical Considerations
Series: DEC 2022

AA – Dec 2022 – L2 – Q2a – Internal Audit and Its Relationship with External Audit

Describes the five key roles external auditors play in corporate governance to ensure the transparency and reliability of financial statements.

Question

External Auditors play a key role in the corporate governance framework. They conduct one of the most important corporate governance checks that help to monitor management’s activities. The audit of financial statements makes disclosures more reliable, thus increasing confidence in the company’s transparency.

Required:
Explain FIVE (5) roles that External Auditors play in Corporate Governance.

Answer

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Tags: Audit Role, Corporate Governance, External Auditors, Financial Statements, Governance, ISA, Management
Level: Level 2

Topic: Internal Audit and Its Relationship with External Audit
Series: DEC 2022

CR – May 2018 – L3 – Q5c – Accounting and reporting concepts

Identify and explain two different approaches to defining a reporting entity for financial reporting purposes.

Question

In May 2008, the International Accounting Standards Board (IASB) issued the discussion paper Preliminary Views on an Improved Conceptual Framework for Financial Reporting – The Reporting Entity. The objective of the Reporting Entity phase is to determine what constitutes a reporting entity for the purposes of financial reporting.

Required:
Identify and explain TWO different approaches to determining what a “reporting entity” should be for financial reporting purposes.

Answer

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Tags: Control, Financial Reporting, Legal form, Management, Ownership, Reporting entity
Level: Level 3

Topic: Accounting Concepts
Series: MAY 2018

MA – Nov 2021 – L2 – Q4c – Budgetary Control

Explain factors that may lead to harmful behavior due to budgetary control.

Question

c) The entire process of budgetary control may negatively affect the behavior of management and staff, leading to the non-achievement of goals.

Required:
Explain THREE (3) factors that may account for such harmful behavior. (5 marks)

Answer

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Tags: Behavioral Factors, Budgetary Control, Management, Organizational Behavior
Level: Level 2

Topic: Budgetary control
Series: NOV 2021

BMIS – Nov 2023 – L1 – Q1b – Business and organisational structure

Explain the disadvantages of the matrix organisational structure.

Question

Despite the many advantages associated with the matrix organisational structure which has made its use almost universal, there are also some challenges that confront a firm which adopts it.
Required:
Explain FIVE (5) disadvantages of the matrix organisational structure.

Answer

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Tags: Management, Matrix Structure, Organisational Structure
Level: Level 1

Topic: Business and Organisational Structure
Series: NOV 2023

BMIS – Nov 2023 – L1 – Q1a – The business organisation and its stakeholders

Explain the characteristics of organisational objectives.

Question

Management philosophers are unanimous about the fact that the quality of objectives largely
determines how useful they are thus improving their chances of being attained. Several
guidelines have subsequently been established over time to help managers develop high quality organisational objectives
Required:
Explain FIVE (5) characteristics of an organisational objective.

Answer

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Tags: Management, Objectives, Organisational Goals
Level: Level 1

Topic: The Business Organisation and its Stakeholders
Series: NOV 2023

BMIS – Mar 2023 – L1 – Q3 – Management and leadership

Differentiates between management and leadership, power and authority, and explains the basic functions of management.

Question

Since being employed by Barry Ltd as Executive Assistant to the Chief Executive Officer about three months ago, you have always heard employees, including some middle-level Managers, use ‘Management’ and ‘Leadership’ interchangeably, which you think is not right.

A staff durbar is scheduled to take place in the next few days, and you have decided to use the platform to educate members of staff on the two concepts as a form of orientation.

Required:
a) Differentiate between ‘Management’ and ‘Leadership’.
(5 marks)
b) Distinguish between ‘Power’ and ‘Authority’.
(5 marks)
c) Explain FOUR (4) basic functions of Management.
(10 marks)

Answer

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Tags: Authority, Functions of Management, Leadership, Management, Power
Level: Level 1

Topic: Management and leadership
Series: MAR 2023

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 – May 2024 – L1 – SB – Q5a – Management, Individual, and Organizational Behavior

Causes and characteristics of conflict in an organization and implications of expectancy theory for management.

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BMF – May 2024 – L1 – SA – Q8 – Business and Organizational Structures and Choices

Identifying the type of organization not limited by predefined boundaries.

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MA – Mar 2023 – L2 – Q4b – Budgetary Control

Define budgetary control and its purpose in business operations.

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AA – Dec 2022 – L2 – Q4b – Professional and Ethical Considerations

Discusses the advantages and disadvantages of outsourcing the internal audit function in an organization.

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AA – Dec 2022 – L2 – Q2a – Internal Audit and Its Relationship with External Audit

Describes the five key roles external auditors play in corporate governance to ensure the transparency and reliability of financial statements.

You're reporting an error for "AA – Dec 2022 – L2 – Q2a – Internal Audit and Its Relationship with External Audit"

CR – May 2018 – L3 – Q5c – Accounting and reporting concepts

Identify and explain two different approaches to defining a reporting entity for financial reporting purposes.

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MA – Nov 2021 – L2 – Q4c – Budgetary Control

Explain factors that may lead to harmful behavior due to budgetary control.

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BMIS – Nov 2023 – L1 – Q1b – Business and organisational structure

Explain the disadvantages of the matrix organisational structure.

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BMIS – Nov 2023 – L1 – Q1a – The business organisation and its stakeholders

Explain the characteristics of organisational objectives.

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BMIS – Mar 2023 – L1 – Q3 – Management and leadership

Differentiates between management and leadership, power and authority, and explains the basic functions of management.

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