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Bcb 101:Introduction To Business Management Question Paper
Bcb 101:Introduction To Business Management
Course:Bachelor Of Commerce
Institution: Masinde Muliro University Of Science And Technology question papers
Exam Year:2014
MASINDE MULIRO UNIVERSITY OF SCIENCE AND TECHNOLOGY MMUST
FIRST YEAR FIRST SEMESTER EXAMINATIONS
FOR THE DEGREE OF BACHELOR OF COMMERCE AND BACHELOR OF EDUCATION (ARTS)
COURSE CODE: BCB 101
COURSE TITLE: INTRODUCTION TO BUSINESS MANAGEMENT
DATE: Friday 28th March, 2014 TIME 2.00 p.m-5. 00 p.m
INSTRUCTION TO CANDIDATES
Answer question ONE and any other Three questions
TIME: 3 HOURS
Part A: Compulsory
Question one
Many organizations now include explicit reference to their commitment to act in a socially responsible manner in their mission statements. This then forms an integral part of organizational strategies and policies. However, some shareholders see social responsibility as conflicting with their main interest in the company, which is creating maximum shareholders wealth.
Required
Explain the main arguments for and against the view that socially responsible business decisions can achieve sustainable competitive performance and improve shareholders value (14 marks)
Kenya Energy Ltd is recently privatized company that supplies energy to the general public. One of the objective underlying Kenya Energy change of ownership was that it would be enabled to set its own goals and target without reference to third parties.
The chief executive of Kenya Energy has publicly stated that the aim of the business will be ‘’to supply the best policy possible services to the greatest number of consumer at the cheapest possible cost, ‘it is believed, within Kenya Energy, that the cheapest possible cost will only be achieved by introduction of a number of changes to improve operating efficiency.
The holders of this view are, like the chief executive himself, people who have been brought in Kenya Energy within the last 2 to 3 years. This group is small in numbers but seem to be very influential.
Required
Discuss the extent to which the chief executive’s aim is compatible with the interest of the shareholders. (11mrks)
Part B: Answer any THREE questions
Question two
The behavior of a professional is guided by certain core principles. Identify and explain FIVE such Core Principles. (10 marks)
Controversy exists about whether managerial ethics can and should be taught. What are your views regarding this?
Explain FIVE ways in which management may enhance ethical business practices (5 marks)
Question Three
The accounting effort/tasks can be divided into two major categories, the financial accounting and managerial accounting. Discuss between the two showing issues addressed by each (8marks)
One of the tasks performed by Human Resource Management is employee retention. Explain the activities performed by the human resource manager to achieve HR retention. (8marks)
The management of the asset structure is identified as one of the main tasks of financial management. What are the key decisions regarding investment in the current and fixed assets need to be taken as effectively as possible. (8marks)
Question Four
Jasho ltd intends to adapt the scientific management approach. As the operation manager you have been asked to prepare a suitable implementation programme for this approach. What are the draw backs to the company is likely to encounter when adapting this approach (8marks)
Explain the benefit that may accrue to an organization that uses the system approach to management. (4marks)
Discuss HENRI FAYOLs contribution to the theory of organization. Which of these contributions do you consider most crucial to modern organization. (6marks)
What were the key contribution of the Human Relation or Behavioral School proposed by Elton Mayo
Question Five
What factors should a business person consider before choosing a form of business ownership (10marks)
Write brief notes on the advantage and disadvantages of the following (15 marks )
Sole proprietorship
Partnership
Limited companies
State corporations
Cooperative societies
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