Sample MCQ’s practice exam MGMT1001 1. Which of the following is true concerning the effectiveness of group decision making over individual decision making? a. Group effectiveness is influenced by its size‚ b. Groups are less creative than individuals. c. Individuals are always outperformed by groups. d. Individuals tend to be more accurate. e. Groups are more accepting of the final decision. 2. Which of the following factors WOULD NOT influence an organisation to have a higher degree of centralisation
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Table of Contents Introduction 2 I. The nature and purpose of the budgeting process to the company’s Director 3 1. Definition of budgeting process 3 2. Purposes of budget 3 3. Budgeting process’s steps 4 4. Types of budgets 6 II. Appropriate budgeting methods and its needs for The Enterprise Company 7 1. Zero-based budgeting method 7 2. Incremental budgeting method 8 3. Flexible budgeting method 10 4. Static (master) budget method 10 5. Suggesting comfortable
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BOOM AND BUST IN TELECOMMUNICATIONS In 1997 Michael O’Dell‚ the chief scientist at World-Com‚ which owned the largest network of “Internet backbone” fiber optic cable in the world‚ stated that data traffic over the Internet was doubling every hundred days. This implied a growth rate of over 1‚000 percent a year. O’Dell went on to day that there was not enough fiber optic capacity to go around‚ and that “demand will far outstrip supply for the foreseeable future.” Electrified by this potential
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be supported with the relevant references. To study about Managing people has a very critical role‚ as it tells regarding the modern problems faced by managers in managing people‚ organization and involving change theoretically and practically. It also involves the better understanding of relations between the manager and employees; moreover it also details the complexities of human behaviour which is very important in terms of managing diversity and to get better organisational performance and
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BUSINESS MANAGEMENT MODULE: ASPECTS OF MANAGEMENT ASSIGNMENT TITTLE: MANAGING CHANGE IN BUSINESS 12TH NOVEMBER 2010 This essay will explore issues surrounding why “change” happen in businesses and what sort of implementation is needed in order to have an effective “change” in businesses/organisations. Things that will be looked at in this essay are communication‚ management styles and how people involved interprets the change they are experiencing. We now live in the world where change is
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Recommendations .................................................................................... 9 Reference List ................................................................................................ 10 2 1. Introduction In 1990‚ MIT analysed a production or project management approach which is used in TOYOTA Motor Corporation. Consequently‚ they found that it is a new management method which can
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CHARTERED MANAGEMENT INSTITUTE LEVEL 5 DIPLOMA IN MANAGEMENT AND LEADERSHIP Darlington College UNIT 5003 MANAGING PERFORMANCE “Don ’t lower your expectations to meet your performance. Raise your level of performance to meet your expectations.” Ralph Marston There is no single good or best way of conducting performance management. But the overriding principle is that good performance management is equated with good management. It is about ensuring that managers manage effectively‚ that they
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Managing Teams In this assignment I am going to be defining teams in my own words‚ also explaining why it is a good idea to work within a team. I will also be describing some different types of terms and their associated benefits. A team consists of people of all levels in an organisation whom come together to work on a particular project within their division. I believe that it is a good idea to work as a team because‚ everybody has different ideas so there will be a lot of varied input
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Managing stress is a lifestyle. It is something that everyone will endure each day at some point whether they plan for it or not. People need to recognize the stressors‚ which is the potential to cause a stress reaction that are in their lives‚ and learn how to control it; so that it won’t cause a problem for them. Stress is not always a bad thing. There is good stress called ‘eustess’‚ and bad stress called ‘distress’. Stress is a normal physical response to events that make you feel threatened
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HND in Finance Unit: Managing financial resource and Decisions Assignment: A Pizza Hut Franchise Compiled by: Binh Truong‚ MSc. Scenario A Pizza Hut Franchise After some years working in the tertiary sector including spells as a manager for a restaurant and as General Manager for a 5 star Sheraton hotel you have decided that it is time to start your own business. After looking around at the opportunities available you have de cided that a franchise of a fast food restaurant is a
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