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Principles And Practice Of Management Question Paper

Principles And Practice Of Management

Course:Certified Public Accountant

Exam Year:2002

KENYA ACCOUNTS AND SECRETARIES NATIONAL EXAMINATIONS BOARD
CPA PART III
PRINCIPLES AND PRACTICE OF MANAGEMENT
MAY 2002
Time Allowed: 3 hours
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Answer any FIVE questions. Candidates are required to demonstrate both broad and deep understanding of this subject. All questions carry equal marks.

QUESTION ONE
a)Many forward-looking organizations have an explicitly stated mission which is always displayed in a conspicuous place.
Explain the benefits of a mission statement (10 marks)
b)For successful management, managers must come up with objectives before commencing operations. Explain what is meant by the term ‘objectives’ and describe the characteristics that good objectives should have. (10 marks)
(Total 20 marks)

QUESTION TWO
The principal of Management by Objectives was first coined by Peter F. Druker in the 1950’s. Describe the principle and its merits and demerits in the organizations. (Total: 20 marks)

QUESTION THREE
A key element in the effective implementation of corporate strategies is the design of the organizational structure of the firm or the organization.

Discuss each of the following types of organizational structure:
a)Holding Company structure; (5 marks)
b)The Functional structure; (5 marks)
c)The matrix structure; and (5 marks)
d)The multi-divisional structure. (5 marks)
(Total 20 marks)

QUESTION FOUR
One of the functions of management is decision making.
Discuss various types of decisions taken by managers and explain the steps that should be followed to arrive at the right decisions. (Total: 20 marks)

QUESTION FIVE
Leadership is a dynamic process in a group or organization whereby one individual influences the other to contribute voluntarily to the achievement of the group or the organization’s objectives in a given situation.
Discuss this statement with reference to different types of leaders. (Total: 20 marks)

QUESTION SIX
Modern trends and practices call for firms to pursue wider objectives in addition to the global profitability. Explain the concept of corporate social responsibility and discuss the various components that a socially responsible firm should address. (Total: 20 marks)

QUESTION SEVEN
Explain ten major forces that have been responsible for the sweeping changes and re-organizations that have been taking place in Kenyan firms in the recent past.
(Total: 20 marks)

QUESTION EIGHT
Managers charged with putting a company on a growth trajectory can pursue its existing markets (customer sales) or enter new markets and can emphasize its existing products or develop new products.
Using Ansoff’s classic product/market matrix, discuss the risks and rewards of the four growth alternatives. (Total: 20 marks)

Principles And Practice Of Management Question Paper

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