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BMI511S - INTRO TO BUSINESS MANAGEMENT - 1ST OPP - JUNE 2024 |
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nAmlBIA UnlVERSITY
OF SCIEnCE Ano TECHnOLOGY
FACULTY OF COMMERCE, HUMAN SCIENCES AND EDUCATION
DEPARTMENT OF GOVERNANCE AND MANAGEMENT SCIENCES
QUALIFICATION: BACHELOR OF MANAGEMENT
QUALIFICATION CODE:
07BBMA
COURSE CODE: BMI511 S
SESSION: JUNE 2024
LEVEL: 6
COURSE NAME: INTRODUCTION TO BUSINESS
MANAGEMENT
PAPER: FIRST OPPORTUNITY EXAMINATION
DURATION: 3 HOURS
MARKS: 100
FIRST OPPORTUNITY EXAMINATION - QUESTION PAPER
EXAMINER(S) Mr B. Zealand
Ms S. Sakarias
Distance Tutors
MODERATOR: Dr V. Sibanda
THIS QUESTION PAPER CONSISTS OF 6 PAGES (Including this front page)
INSTRUCTIONS
1. Answer all questions in the booklet provided.
2. Read all the questions carefully before answering.
3. Marks for each question are indicated at the end of each question.
4. Please ensure that your writing is legible, neat and presentable and start each
Section on a new page.
I
PERMISSIBLE MATERIALS
1. Examination question paper
2. Examination answer sheet
3. Calculator
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SECTION A
Question I
Indicate whether the following statements are True or False in the examination booklet provided.
[ 1 x 10 = 10 marks]
No. Question
I.I Analytical skill centres on a manager's mental ability to coordinate all of the
organisation's interest and activities.
1.2 The legal-political environment is influenced by the variables in the micro environment.
1.3 Accountability is the obligation to achieve organisational goals by performing required
activities.
1.4 The task environment is within the control of the business itself.
1.5 Job specification describes the nature of the work and the performance expected from the
employee.
1.6 All business organisations are affected by economic conditions for example by the interest
rates.
1.7 Conceptual skill means that you are able to see a situation as a whole but at the same time
observing it in detail.
1.8 A franchisee has independence to operate his/her store.
1.9 Abraham Maslow identified five basic human needs as the prime driving force for needs
satisfaction and thus human behaviour.
1.10 Corporate social investment recognizes corporations as legal persons with certain rights
and responsibilities.
TOT AL - lOmarks
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SECTION B
Question 2
Indicate your answers next to each corresponding number in the examination booklet provided.
[2 x IO= 20marks]
2.1. __________
is the right to decide and act.
a) Decision-making
b) Authority
c) Power
d) Position
2.2. A ....................................
completion.
a) formal group
b) work team
c) work group
d) team leader
is tasked with developing a new product from conception to
2.3. Globalisation is beneficial for firms because ............... .
a) It protects them against foreign competition.
b) It cushions them from the effect of events in other countries.
c) It opens up new market opportunities.
d) It increases the risk and uncertainty of operating in globalising world economy.
2.4. In a _____
economy, economic activity is governed by market forces, and the means of
production are privately owned by individuals, either directly or indirectly through
corporations.
a) production orientated
b) capitalist
c) socialist
d) democratic
2.5. A micro-environment consists of several elements. Choose the incorrect answers.
a) mission and objectives
b) functional management
c) resources
d) market
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2.6. The nature and intensity of competition in a particular industry are determined by which of the
following factors? A. The threat of new entrants, B. The bargaining powers of buyers, C. The
threat of substitute products or services, D. The bargaining power of suppliers, E. The number
of existing competitors.
a) a,b,c,d,e
b) a,b,c,e
c) a,b,d
d) a,c,d
2.7. A set of laws, system or patterns that a business enterprise adopts and follows to run business
operations for the best interest of the society is called?
a) Business functioning
b) Corporate Governance
c) Social Responsibility
d) All of the above
2.8. The five forces that affect the level of competition in an industry are:
a) The threat of entrants, power of buyers, power of suppliers, the threat of substitutes and
competitive rivalry.
b) The threat of recession, the power of buyers, the power of suppliers, the threat of
management failure and competitive rivalry.
c) The threat of buyers, the power of entry, the power of substitutes, the threat of suppliers,
and the threat of recession.
d) The threat of entry, the power of buyers, the power of suppliers, the threat of substitutes
and government action.
2.9. The -------
is the broad conditions and trends in the societies in which an
organisation operates.
a) general environment
b) culture
c) task environment
d) environment of choice
2.10. Which of the following is not regarded as a primary stakeholder?
a) clients
b) strategic clients
c) management
d) employees
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SECTIONC
[Total - 30marksj
Question 3
A company manufactures leather jackets which has the following cost structure based on a
manufacturing budget. Raw materials ofN$6,000.00. monthly rental of N$250,000.00, salaries of
N$ l 87,000.00 piece rate labour of N$10.000,00, insurance of N$7.000.00 and credit card fees of
N$3000.00 The fixed selling price of the unit is R25,000.00
How many jackets must the company manufacture in order to break-even?
(6)
Question 4
Assume that you need to have exactly N$100,000.00 saved 10 years from now. How much must you
deposit today in an account that pays 12% interest, compounded quarterly, so that you reach your goal
of N$100,000.00?
(8)
Question 5
Study the following information and answer the question(s) that follow:
Balance Sheet for Jabulani Furnitures Pty (Ltd) as at 3 1 January 2024
Pa1ticular
Creditors
Bank Overdraft
N$
250,000.00
30,000.00
280,000.00
Debtors
Inventory
Investments (short-terin)
Cash
300,000.00
60,000.00
30,000.00
50,000.00
440,000.00
Calculate the following ratios for Jabulani Furnitures Pty (Ltd).
5 .1. Current ratio
(6)
5.2. Acid test ratio
(6)
Question 6
Businesses distinguishes its products physically and/or psychologically, from essentially identical
competing products, so that the product is regarded as different by consumers in a specific target
market. What are the different kinds of differentiation?
(4)
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SECTIOND
[Total - 30marks]
Question 7
Management needs certain skills to lead their organisation to achieve their vision. Identify and explain
3 (three) skills which management need to achieve it's organisations vision and at which level these
skills would be needed most.
(9)
Question 8
The business world can be seen as a complex system involving the transformation of resources into
products and services. Businesses play a vital role in satisfying the needs and wants of a society. List
and explain least 5 factors which entrepreneurs should consider in the location of their businesses.
(I 0)
Question 9
The Huma Resources Manager can employ various recruitment methods. List any 5 methods that can
be employed.
(5)
Question 10
Leading and power goes hand in hand. Without power, a managers might not be able to influence and
lead employees towards achieving organizational goals. Briefly discuss the types of power that
followers bestow on managers.
( I 0)
Question 11
Entrepreneurs have been described as people who decide what, how, by whom and for whom products
and services should be produced. List six characteristics of an entrepreneur.
(6)
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