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SECTION A: SHORT QUESTIONS (MAX MARKS: 5) 1. How does an International body; Financial Action Task force (FATF) being a major stakeholder influence the businesses operating in Pakistan? Answer: Financial Action Task Force contributed a lot in peace and security. The international body is a significant stakeholder and influencing the business in Pakistan in a way that they maintained their international standards to secure businesses and to prevent illegal activities so that these businesses cannot harm the society. The international body has made some rules and regulations to prevent preplanned crime and corruption in the businesses that are operating in Pakistan. FATF is keeping all the records and closely monitoring all the money laundering and the terrorism funding activities and framing some policies to prevent or restrict all these activities and warns Pakistan that the country can also face the risk of getting blacklisted. 2. The absolute closed system is not applicable but it can still thrive despite the fact that it is not in interaction with the external environmental forces? Do you agree with the statement? Support your answer with the help of practical example. Answer No, I disagree with the statement that an absolute closed system will succeed because many of the organizations cannot survive without interacting with the external environment. Any of the organizations cannot become successful while having a closed system because it lacks communication coordination from the outside environment. It will become difficult for the organization to train its employees according to the changing scenarios of the external environment if they have a closed system. A practical example would be Nokia, which loses its smartphone market share because the company operates in a very close system due to which they lack behind in innovation. Nokia remains stubborn and doesn’t understand the needs of people due to lack of communication with the external environment; their management thinks that people will not accept touchscreen phones. Failing to adapt to the changes from the external environment was the reason for their failure. 3. Henry Ford stated that “History is more or less bunk.” Do you agree or disagree with the statement? Justify your answer in the context of evolution of management field with the help of at least two arguments. Answer Yes, I agree with the statement that history is more or less bunk because history has nothing to do with our present life; it’s just a previous story or an experience. History is just a part of our life where we learn valuable lessons.

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Name: SIMRA KHAN Registration ID: 39764




Final Exam (Take-Home) Summer - 2020



Subject: Organizational Theory and Design Submission Date: 16 September, 2020
Instructor: Dr. Rizwana Rasheed/Miss Bushra Shahzad
Program: BBA-H Max. Marks: 30


Department of Business Administration

Please follow the instructions carefully:
1. Write your answers in a Word file and upload the file before the due date on VLE.
2. Write your name and registration ID on the first page of your Word file.
3. Answer scripts can be uploaded on LMS any time before its deadline. Therefore,
do not wait for the last hour to avoid any unforeseen problems.
4. Submission of answer copy (i.e.) will be considered acceptable through LMS
only. Therefore, do not submit your document through email or any other
medium.
5. Use 12 pt. font size and Times New Roman font style along with 1-inch page
margins.
6. Follow the requirements of the word limit and the marking criteria while writing your
answers.
7. Provide relevant, original and conceptual answers, as this exam aims to test your
ability to examine, explain, modify or develop concepts discussed in class.
8. Do not copy answers from the internet or other sources. The plagiarism of your answers
may be checked through Turnitin.
9. Recheck your answers before the submission on LMS to correct any content or
language related errors.

, 10. Double check your word file before uploading it on LMS to ensure that you have
uploaded the correct file with your answers.

SECTION A: SHORT QUESTIONS (MAX MARKS: 5)

1. How does an International body; Financial Action Task force (FATF) being a major stakeholder
influence the businesses operating in Pakistan?

Answer:

Financial Action Task Force contributed a lot in peace and security. The international body is a
significant stakeholder and influencing the business in Pakistan in a way that they maintained
their international standards to secure businesses and to prevent illegal activities so that these
businesses cannot harm the society. The international body has made some rules and regulations
to prevent preplanned crime and corruption in the businesses that are operating in Pakistan.
FATF is keeping all the records and closely monitoring all the money laundering and the
terrorism funding activities and framing some policies to prevent or restrict all these activities
and warns Pakistan that the country can also face the risk of getting blacklisted.


2. The absolute closed system is not applicable but it can still thrive despite the fact that it is not in
interaction with the external environmental forces? Do you agree with the statement? Support
your answer with the help of practical example.

Answer

No, I disagree with the statement that an absolute closed system will succeed because many of
the organizations cannot survive without interacting with the external environment. Any of the
organizations cannot become successful while having a closed system because it lacks
communication coordination from the outside environment. It will become difficult for the
organization to train its employees according to the changing scenarios of the external
environment if they have a closed system.
A practical example would be Nokia, which loses its smartphone market share because the
company operates in a very close system due to which they lack behind in innovation. Nokia
remains stubborn and doesn’t understand the needs of people due to lack of communication with
the external environment; their management thinks that people will not accept touchscreen
phones. Failing to adapt to the changes from the external environment was the reason for their
failure.

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