MBA EXIT EXAM SCRIPT FINAL PAPER 2026
SOLVED QUESTION SET GRADED A+
◉Cash Basis Accounting. Answer: Revenue is recognized in the
accounting period in which the associated cash is received and
Expenses are recognized in the accounting period that the cash is
paid.
◉Accrual Basis Accounting. Answer: Revenue is recognized in the
accounting period in which the revenue is earned, regardless of
when the associated revenue is received. (Recorded when the sale is
made, not when it is paid for.)
◉Securities Act of 1935. Answer: Established the SEC Securities and
Exchange Commission with the explicit authority to establish the
rules, standards, and procedures used to account for transactions
and events. Also to establish the form and content of published
financial reporting.
◉Frederick Winslow Taylor. Answer: Scientific Management 1911:
Developed standard method for performing each jobSelected
workers with appropriate abilities for each job.Trained workers in
standard method.Provided wage incentives to workers for increased
,output.Did not acknowledge variance among workers.Did not
appreciate social context of work and higher needs of workers.
◉Max Weber. Answer: Bureaucracy:Focused on the organization as a
wholeOrganizations needed division of labor with cleardefinitions of
authority and responsibility.Positions organized in a hierarchy of
authority.
◉Henri Favol. Answer: Developed the 14 General Principles of
Management
◉Remuneration (Management). Answer: Employee satisfaction
depends on fair remuneration for everyone. This includes financial
and non-financial compensation.
◉Esprit de Corps (Management). Answer: Organizations should
strive to promote team spirit and unity.
◉Douglas McGregor. Answer: Theory X of Management
◉Theory Y of Management. Answer: Employees like work, self-
direction and seek responsibility and have creativity.
, ◉Dr. William Ouchi. Answer: Proposed Theory Z view of
management; a so-called "Japanese Management" style popularized
during the Asian economic boom of the 1980's.
◉Theory Z of Management. Answer: Focused on increasing
employee loyalty to the company by providing a job for life with a
strong focus on the well-being of the employee, both on and off the
job.
◉Tuckman's Stages of Team Development. Answer: The process of
(1) Forming - orientation break the ice, (2) Storming - marked by
conflict disagreement, (3) Norming - establishment of order and
cohesion, (4) Performing - marked by cooperation and problem
solving.
◉Expectancy Theory of Motivation. Answer: Effort will lead to
increased performance and that performance will lead to some
expected outcome (bonus, promotion, etc.) the greater my
motivation will be.
◉Fiedler's Contingency Model. Answer: Model designed to diagnose
weather a leader is task-oriented or relationship-oriented and match
leader style to the situation
◉Sarbanes Oxley Act. Answer: Public Company Accounting Reform
and Investor Protection ActAdopted by congress in 2002 to address
SOLVED QUESTION SET GRADED A+
◉Cash Basis Accounting. Answer: Revenue is recognized in the
accounting period in which the associated cash is received and
Expenses are recognized in the accounting period that the cash is
paid.
◉Accrual Basis Accounting. Answer: Revenue is recognized in the
accounting period in which the revenue is earned, regardless of
when the associated revenue is received. (Recorded when the sale is
made, not when it is paid for.)
◉Securities Act of 1935. Answer: Established the SEC Securities and
Exchange Commission with the explicit authority to establish the
rules, standards, and procedures used to account for transactions
and events. Also to establish the form and content of published
financial reporting.
◉Frederick Winslow Taylor. Answer: Scientific Management 1911:
Developed standard method for performing each jobSelected
workers with appropriate abilities for each job.Trained workers in
standard method.Provided wage incentives to workers for increased
,output.Did not acknowledge variance among workers.Did not
appreciate social context of work and higher needs of workers.
◉Max Weber. Answer: Bureaucracy:Focused on the organization as a
wholeOrganizations needed division of labor with cleardefinitions of
authority and responsibility.Positions organized in a hierarchy of
authority.
◉Henri Favol. Answer: Developed the 14 General Principles of
Management
◉Remuneration (Management). Answer: Employee satisfaction
depends on fair remuneration for everyone. This includes financial
and non-financial compensation.
◉Esprit de Corps (Management). Answer: Organizations should
strive to promote team spirit and unity.
◉Douglas McGregor. Answer: Theory X of Management
◉Theory Y of Management. Answer: Employees like work, self-
direction and seek responsibility and have creativity.
, ◉Dr. William Ouchi. Answer: Proposed Theory Z view of
management; a so-called "Japanese Management" style popularized
during the Asian economic boom of the 1980's.
◉Theory Z of Management. Answer: Focused on increasing
employee loyalty to the company by providing a job for life with a
strong focus on the well-being of the employee, both on and off the
job.
◉Tuckman's Stages of Team Development. Answer: The process of
(1) Forming - orientation break the ice, (2) Storming - marked by
conflict disagreement, (3) Norming - establishment of order and
cohesion, (4) Performing - marked by cooperation and problem
solving.
◉Expectancy Theory of Motivation. Answer: Effort will lead to
increased performance and that performance will lead to some
expected outcome (bonus, promotion, etc.) the greater my
motivation will be.
◉Fiedler's Contingency Model. Answer: Model designed to diagnose
weather a leader is task-oriented or relationship-oriented and match
leader style to the situation
◉Sarbanes Oxley Act. Answer: Public Company Accounting Reform
and Investor Protection ActAdopted by congress in 2002 to address
