Question 1: A good administrator is not the same as a good manager. Describe this statement, identifying the major features of both.
Question 2:
a) Explain in brief the main characteristics of:
• a sole trader
• a partnership
• private limited companies
• public limited companies
b) Identify the major sources of finance for each of the above, when setting up in business.
Question 3:
a) Define the three kinds of authority.
b) With the aid of appropriate diagrams, explain the types of organization which display each of these kinds of authority.
Question 4:
a) In brief explain:
- Method study
- Work measurement
b) With the help of diagrams, describe the procedure for introducing method study and work measurement into an organization of your choice.
Question 5:
a) Illustrate the relationship between the purchasing and production departments of a manufacturing company.
b) With the help of a diagram, describe how economic order quantities are maintained.
Question 6:
a) Describe the importance of the Product Life Cycle to a company producing a new range of 3D televisions.
b) Identify the action the same company could take to boost the sales of plasma screen televisions.
Question 7: With the help of appropriate examples, illustrate:
a) Internal methods of transmitting information.
b) External methods of transmitting information.
Question 8:
a) Define the term risk management.
b) Explain the six main types of risk faced by an organization and how such risks might be managed.