Management – Page 5

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

BMIS – Aug 2022 – L1 – Q3b – Management and leadership

Explains the differences between leadership and management in a business context.

Question

Leadership and Management are two terms often used interchangeably by both business practitioners and academicians.

Required:

As a resource person to a group of accounting students preparing for examinations in Business Management and Information Systems, explain FIVE (5) ways in which the two terms differ from each other.

Answer

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Tags: Leadership, Management, Organizational Behavior
Level: Level 1

Topic: Management and leadership
Series: AUG 2022

AAA – May 2016 – L3 – Q2b – Internal audit and outsourcing | Practice management

Draft a report assessing the need for an internal audit department in a growing company.

Question

Adepa Ltd, a fruit processing company, has been in operation for many years. It has managed to grow the business over the years and now has eight branches, four in rural areas and four in urban towns in addition to the head office. The management and those charged with governance are looking forward to the company adopting the latest technology in production – Advanced Technology Manufacturing (ATM) – and marketing and sales through the internet.

During the last audit of the financial statements of the company, the Managing Director suggested to the Senior Partner an assessment of the need for an internal audit department in the company. You were the audit manager who led the engagement team to do the audit. The Senior Partner has therefore asked you to carry out the assignment to assess the need for an internal audit in Adepa Ltd.

Required:
Draft a report to the Senior Partner on the assessment of the need for an internal audit department for Adepa Ltd., highlighting the factors to be considered in such assessment. (10 marks)

Answer

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Tags: Audit report, Internal Audit, Management, Needs Assessment
Level: Level 3

Topic: Internal audit and outsourcing, Practice management
Series: MAY 2016

PSAF – May 2019 – L2 – Q5b – Public sector financing initiatives

Suggest three PPP arrangements for the power sector, detailing their implications on public monies, management, and residual assets.

Question

The power sector has been experiencing enormous challenges in recent times in terms of finance and management. The multi-million-dollar investment of government in the power distribution system seems not to achieve the desired results. In search of a remedy, the government has implemented several reforms in the sector, including corporatization of the agency responsible for power distribution to give it a business nature to drive efficiency. Some years thereafter, the problem of financial constraints coupled with corporate governance issues has surfaced stronger than before. The government has been advised to consider using Public Private Partnership (PPP) as a vehicle to revamp the power sector. The Minister for Energy has been tasked to develop a PPP proposal which leverages both private sector finances and management expertise to salvage the sinking power sector.

Required:
As an advisor to the Minister, present to the Minister THREE (3) PPP arrangements that can be used to achieve the objective of government, indicating clearly the effect of each of the proposals on public monies, management, and residual assets.

Answer

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Tags: Corporate Governance, Finance, Government Investment, Management, Power Sector, Public-Private Partnership
Level: Level 2

Topic: Public sector financing initiatives
Series: MAY 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.

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.

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

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

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

Identifies the disadvantage of decentralisation in management.

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

Identifying the term synonymous with management function.

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

Identifying the exception among the advantages of decentralization.

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

Exercising shareholder rights to challenge company management.

SCS – Nov 2019 – L3 – Q2c – Controlling risk

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

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.

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

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

BMIS – Aug 2022 – L1 – Q3b – Management and leadership

Explains the differences between leadership and management in a business context.

AAA – May 2016 – L3 – Q2b – Internal audit and outsourcing | Practice management

Draft a report assessing the need for an internal audit department in a growing company.

PSAF – May 2019 – L2 – Q5b – Public sector financing initiatives

Suggest three PPP arrangements for the power sector, detailing their implications on public monies, management, and residual assets.

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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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BMIS – Aug 2022 – L1 – Q3b – Management and leadership

Explains the differences between leadership and management in a business context.

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AAA – May 2016 – L3 – Q2b – Internal audit and outsourcing | Practice management

Draft a report assessing the need for an internal audit department in a growing company.

You're reporting an error for "AAA – May 2016 – L3 – Q2b – Internal audit and outsourcing | Practice management"

PSAF – May 2019 – L2 – Q5b – Public sector financing initiatives

Suggest three PPP arrangements for the power sector, detailing their implications on public monies, management, and residual assets.

You're reporting an error for "PSAF – May 2019 – L2 – Q5b – Public sector financing initiatives"

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