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Groups are required in every learning organization to enhance their performance and
competitiveness.
a. State five (5) conditions that a bank needs a group?
b. List five (5) guidelines that can be followed to enhance the formation of effective groups?
c. Explain five (5) factors that influence group effectiveness in a named bank?
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Leadership is an influence relationship between the leader and the subordinate (s) to jointly create the desired change in an organization.
a. Define “transformational leadership”?
b. List five (5) personal qualities that a transformational leader must possess.
c. Describe five (5) strategies that a transformational leader can implement to re-position a distress bank strategically in Ghana?
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Communication is considered as one of the most important ingredients of the management process and outcomes.
• Define the term “Communication” in a named bank.
• List three (3) advantages of written communication and two (2) demerits of oral communication in any organization?
• Explain five (5) sources of barriers and their solutions to communication programmed in a bank?
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In contemporary times, universal banks must embrace change management to enhance their capacity towards resilience and agility. Discuss strategies that a named bank can follow to bring desired change process and outcomes successfully?
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It is known that management studied by professionals is an art, a science, a discipline and a profession.
(a) Briefly explain “managerial skills” to your colleagues at the workplace?
(b) State three (3) “managerial roles” that a manager can practice improving productivity of a bank?
(c) Explain five (5) challenges that bank managers face commonly in the banking industry?
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The Board of Directors has appointed you as a Chief Operating Officer of the Agya Savings and Loans Company Limited in April 2020. The Agya Savings and Loans Company Limited has seven (7) branches in the Greater Accra Region and employs sixty-five (65) staff serving over Two Million customers. Evidence shows that the Agya Savings and Loans Company Limited has experienced underlisted challenges between 2011 and 2019: • Net Profit after Tax per employee has reduced by 18%; • Market share has fallen by 12%; • Customer complaints rate has increased by 25%; • Employee absenteeism and lateness are rampant and alarming; and • Employee team spirit, motivation and morale are low.
As Chief Operating Officer of the company, strategies to address the challenges of Agya Savings and Loans Company Limited within three (3) years are welcome.
REQUIRED:
A. List and explain five (5) internal factors that have contributed to Agya Savings and Loans Company Limited level of performance in the banking industry?
B. Explain five (5) strategies that can be employed to improve performance level of Agya Savings and Loans Company Limited?
C. Explain five (5) managerial functions and roles required to enhance competitiveness of Agya Savings and Loans Company Limited?
D. Explain five (5) lessons that can be shared with promoters of Small and Medium-Scale Enterprises (SMEs) in Ghana?
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(a) What is undue influence?
(b) Explain the conditions under which a claim of undue influence on guarantees provided by a bank on behalf of a customer can succeed
(c) How can a bank overcome undue influence under Question 4(b)?
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The main business of Ayensu Books plc is the running of a publishing company in Accra. The objects clause of the company’s regulations includes a power to borrow money as authorized by a general resolution of members. It further states that the directors may do all things that are conducive or incidental to the general business of the company and concludes with a paragraph stating that all the objects are to be regarded as distinct and separate.
The directors decided that the company should invest in a cinema and leisure complex on the Motorway Extension as a means of diversifying and offsetting its risks.
The finance director, acting on behalf of Ayensu Books, negotiated with the manager of Agyakrom Bank plc, the company’s bankers, for the borrowing of GH¢5 million to finance the development. The money is due to reach Addick’s Books bank account next month. In turn, the managing director contracted with Power Construction plc for the construction of the complex, which Power Construction has started to build, but for which it has yet to receive any payment.
Advise Agyakrom Bank on its legal position.
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The following estimates have been drawn up by AIRTROTRO LIMITED that manufactures three products:
| Engine GHS’000 | Propeller GHS’000 | Cabin GHS’000 | |
|---|---|---|---|
| Cost per unit: | |||
| Materials | 70 | 84 | 66 |
| Labour | 50 | 36 | 10 |
| Packing | 10 | 10 | 84,000 |
| Fixed Costs per year | 120,000 | 70,000 | 150 |
| Selling Price per unit | 170 | 150 | 190 |
You are required to determine:
b. The accountant of EXCAVATOR ASSEMBLY PLANT determined the following allocation percentages for the various departments – Manufacturing, Selling, and Administration. The Company’s annual sales turnover is GHS 50,000,000.
| Expenditure Item | Expenditure GHS | % Allocation of Expenditure | ||
|---|---|---|---|---|
| Manufacturing (%) | Selling (%) | Administration (%) | ||
| Raw Materials | 25,000,000 | 93 | 10 | 3 |
| Labour | 12,500,000 | 87.5 | 9.5 | 20 |
| Insurance | 750,000 | 35 | 45 | 5.5 |
| Taxes | 1,250,000 | 29.5 | 65 | 11 |
| Depreciation | 7,500,000 | 77 | 12 |
You are required to:
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| Fixed Assets | GHS 1,000,000 purchases for cash in January 2020. |
|---|---|
| Sales | GHS 600,000 per month, two month’s credit to be given to customers. |
| Purchases | GHS 800,000 in January and GHS 400,000 per month thereafter, suppliers will allow one month’s credit. |
| Expenses | GHS 40,000 per month average, excluding interest payable in the month in which they are incurred. |
| Drawings | GHS 10,000 per month. |
You are required to prepare a Cash Forecast for the business of THE CATHEDRAL for the first six months of 2020 which shows the Cash Balance at the end of each month.
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CORONAVIRUS LIMITED transactions for January, 2020 for stock purchases and sales were as follows:
| Date | Particulars | Units | Unit Cost (GHS) |
|---|---|---|---|
| January 1 | Stock-on-hand | 500 | 250 |
| January 1 | Sales | 100 | |
| January 2 | Purchases | 200 | 260 |
| January 8 | Sales | 200 | |
| January 10 | Purchases | 300 | 300 |
| January 17 | Sales | 300 | |
| January 23 | Purchases | 100 | 270 |
| January 25 | Sales | 200 |
You are required to compute the January 31, 2020 closing stock using:
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