problem 1: A good administrator is not the same as a good manager. Describe this statement, identifying the major features of both.
a) describe in brief the main characteristics of:
• a sole trader
• a partnership
• private limited companies
• public limited companies
b) Identify the major sources of finance for each of the above, when setting up in business.
a) Define the three kinds of authority.
b) With the aid of appropriate diagrams, describe the types of organization which display each of these kinds of authority.
a) In brief describe:
- Method study
- Work measurement
b) With the help of diagrams, describe the procedure for introducing method study and work measurement into an organization of your choice.
a) Illustrate the relationship between the purchasing and production departments of a manufacturing company.
b) With the help of a diagram, describe how economic order quantities are maintained.
a) Describe the importance of the Product Life Cycle to a company producing a new range of 3D televisions.
b) Identify the action the same company could take to boost the sales of plasma screen televisions.
problem 7: With the help of appropriate exs, illustrate:
a) Internal methods of transmitting information.
b) External methods of transmitting information.
a) Define the term risk management.
b) describe the six main types of risk faced by an organization and how such risks might be managed.