MNB 1501
October/November 2017
Question Digital
Number Answer
1 3. individuals themselves decide what to produce
2 1. Environmental change
3 3. abc
4 4. Corporate social responsibility
5 2.Purchasing and supply function
6 1.a (ii),b(i),c(iv)
7 4. Even though they
8 2. outsourcing
9 1. Strategy skills
Management skills required by entrepreneur
o Strategy skills – Ability to consider business as a whole and how it fits into the market place
o Planning skills – Consider the future, how it will impact business and prepare for it
o Marketing skills – Evaluate offerings and determine how they satisfy customer needs
(Pricing, promotion and distribution of products)
o Financial skills – Ability to manage money
o Project Management skills – Ability to organize projects, set objectives, schedules and
manage resources
o Human Resources skills – Ability to deal with people (leadership, motivation and
communication)
10 3. entrepreneurship
11 4. abcd
12 3.feasibilty study
13 1.
14 3. It identifies and describes the nature of the business opportunity or new venture
15 2.Products and/or services
16 3. general company description
17 4. accumulate capital
18 4. the partners are jointly
19 1.Capital
20 4.Management plan
21 2.Economic/macro
22 2.intangoble resource
23 3.intangoble resource
24 2.market
25 2.is to update relevant secondary information
26 1.micro
27 4.consumerism
28 1.is also called corporate philanthropy
29 3. Primary i.e. any stakeholder with some contractual or financial relationship with the
company.
Secondary stakeholders are stakeholders who have less direct impact on the company
30 3.Market
31 2
32 3. shareholders and employees are primary stakeholders
33 2. value based system
MR. Blessing K.K 0742 523 282 MR. Blessing K.K 0742 523 282
, 34 3 Management is necessary
35 1.interpersonal,technical
36 1.top
37 4.re-engineering approach to business
38 1.systems approach
39 3.interpessonal role
40 4.lower
41 3.tactical,short-term
42 3.strategic
43 2.market development
44 2.establish goals
Planning Process
Steps inthe Planning Process are:
o Establish Goals
o Develop alternative plans
o Evaluate alternative plans
o Select a plan
o Implement the plan
o Do reactive planning, if necessary, when changes occur in the environment
Managers at different levels has different focuses:
45 2.The organization’s performance can improve
46 4.Operational plans
47 4.relevant
1. Attainable-a goal is realistic, yet it should still provide a challenge. Managers should
then assign responsibilities for reaching goals to specific individuals.
2. Specific –indicates what the goals relates to ,the period to which the goal refers and the
specific desired results of the goal
3. Measurable –the goal must be in such terms that the result can be evaluated objectively
and in quantified terms.
4. Relevant – it relates to the organization’s mission and strategic goals.
5. Time bound – it has specific time limit. People tend to ignore goals with no time limit.
48 1.deviding up the total task
49 2.who reports to whom
50 2.span of management
51 4.responsibility
Other components of leadership include the following ,
Authority – denotes the right of a manager to give commands to, and demand actions
from, employees.
Power – Managers who are strong leaders influence their employees because
they have power and can therefore exercise their authority fully.
Responsibility – is the obligation or duty to achieve organizational goals by performing
required activities.
Delegation – is the process of assigning responsibility and authority for achieving
organizational goals.
Accountability – is the evaluation of how well individuals meet their responsibilities or
being answerable /liable for the outcome being good or bad
52 1.staff authority
53 2.job specialization is usually an extension of an organization’s growth
54 2.flat
55 3.enrichment
MR. Blessing K.K 0742 523 282 MR. Blessing K.K 0742 523 282
October/November 2017
Question Digital
Number Answer
1 3. individuals themselves decide what to produce
2 1. Environmental change
3 3. abc
4 4. Corporate social responsibility
5 2.Purchasing and supply function
6 1.a (ii),b(i),c(iv)
7 4. Even though they
8 2. outsourcing
9 1. Strategy skills
Management skills required by entrepreneur
o Strategy skills – Ability to consider business as a whole and how it fits into the market place
o Planning skills – Consider the future, how it will impact business and prepare for it
o Marketing skills – Evaluate offerings and determine how they satisfy customer needs
(Pricing, promotion and distribution of products)
o Financial skills – Ability to manage money
o Project Management skills – Ability to organize projects, set objectives, schedules and
manage resources
o Human Resources skills – Ability to deal with people (leadership, motivation and
communication)
10 3. entrepreneurship
11 4. abcd
12 3.feasibilty study
13 1.
14 3. It identifies and describes the nature of the business opportunity or new venture
15 2.Products and/or services
16 3. general company description
17 4. accumulate capital
18 4. the partners are jointly
19 1.Capital
20 4.Management plan
21 2.Economic/macro
22 2.intangoble resource
23 3.intangoble resource
24 2.market
25 2.is to update relevant secondary information
26 1.micro
27 4.consumerism
28 1.is also called corporate philanthropy
29 3. Primary i.e. any stakeholder with some contractual or financial relationship with the
company.
Secondary stakeholders are stakeholders who have less direct impact on the company
30 3.Market
31 2
32 3. shareholders and employees are primary stakeholders
33 2. value based system
MR. Blessing K.K 0742 523 282 MR. Blessing K.K 0742 523 282
, 34 3 Management is necessary
35 1.interpersonal,technical
36 1.top
37 4.re-engineering approach to business
38 1.systems approach
39 3.interpessonal role
40 4.lower
41 3.tactical,short-term
42 3.strategic
43 2.market development
44 2.establish goals
Planning Process
Steps inthe Planning Process are:
o Establish Goals
o Develop alternative plans
o Evaluate alternative plans
o Select a plan
o Implement the plan
o Do reactive planning, if necessary, when changes occur in the environment
Managers at different levels has different focuses:
45 2.The organization’s performance can improve
46 4.Operational plans
47 4.relevant
1. Attainable-a goal is realistic, yet it should still provide a challenge. Managers should
then assign responsibilities for reaching goals to specific individuals.
2. Specific –indicates what the goals relates to ,the period to which the goal refers and the
specific desired results of the goal
3. Measurable –the goal must be in such terms that the result can be evaluated objectively
and in quantified terms.
4. Relevant – it relates to the organization’s mission and strategic goals.
5. Time bound – it has specific time limit. People tend to ignore goals with no time limit.
48 1.deviding up the total task
49 2.who reports to whom
50 2.span of management
51 4.responsibility
Other components of leadership include the following ,
Authority – denotes the right of a manager to give commands to, and demand actions
from, employees.
Power – Managers who are strong leaders influence their employees because
they have power and can therefore exercise their authority fully.
Responsibility – is the obligation or duty to achieve organizational goals by performing
required activities.
Delegation – is the process of assigning responsibility and authority for achieving
organizational goals.
Accountability – is the evaluation of how well individuals meet their responsibilities or
being answerable /liable for the outcome being good or bad
52 1.staff authority
53 2.job specialization is usually an extension of an organization’s growth
54 2.flat
55 3.enrichment
MR. Blessing K.K 0742 523 282 MR. Blessing K.K 0742 523 282
