MANAGEMENT-TESTDi3#3P-gmi-EO9刻0
.docx
School
Acton School of Business**We aren't endorsed by this school
Course
ACCT 411
Subject
Management
Date
Dec 20, 2024
Pages
5
Uploaded by CountMagpie4742
### Exam Name: Advanced Business Dynamics Assessment#### Exam Time: 120 Minutes#### Total Score: 100 Points---#### Instructions:1. Read each question carefully before answering.2. Answer all questions.3. For multiple-choice questions, mark the correct option.4. For solution questions and calculation questions, show all your work.5. This exam is worth 100 points in total.---#### Section 1: Strategic Management (20 points)1. Multiple Choice (1 point)Which of the following is NOT a part of Porter’s Five Forces Model?a) Threat of new entrantsb) Bargaining power of suppliersc) Profit margin analysisd) Bargaining power of buyerse) Threat of substitute products or services2. Solution (2 points)Explain the significance of SWOT analysis in strategic planning, providing an example from a current or past organization.3. Calculation (2 points)Calculate the expected profitability index for a project with an initial investment of $500,000 and a net present value (NPV) of $100,000 over a period of 3 years.---#### Section 2: Organizational Behavior (20 points)1. Multiple Choice (1 point)According to the Equity Theory, which factor is primarily responsible for workplace satisfaction?a) The relationship between inputs and outcomesb) The absolute amount of outcomesc) The influence of social factorsd) The nature of the tasks performed
2. Solution (2 points)Discuss the impact of transformational leadership on organizational performance, using relevant theories and empirical evidence.3. Calculation (2 points)Analyze and graphically represent the results of a hypothetical employee survey assessing job satisfaction, considering variables such as pay, work-life balance, and opportunities for career development.---#### Section 3: Operations Management (20 points)1. Multiple Choice (1 point)What is the primary objective of lean manufacturing?a) To increase production volumesb) To reduce waste and enhance efficiencyc) To expand product varietyd) To minimize labor costs2. Solution (2 points)Evaluate the role of Total Quality Management (TQM) in improving operational performance within an organization, with specific examples.3. Calculation (2 points)A manufacturing firm has an average inventory turnover of 4 times per year and an average inventory level of $200,000. Calculate the total annual cost of goods sold and graphically represent the relationship between inventory turnover and cost of goods sold.---#### Section 4: Human Resource Management (20 points)1. Multiple Choice (1 point)Which HR function involves developing a strategy to ensure that the organization has the right people, with the right skills, at the right time?a) Recruitmentb) Training and developmentc) Performance managementd) Compensation and benefits2. Solution (2 points)Outline the key principles of effective performance appraisal systems, discussing the benefits and potential challenges.
3. Calculation (2 points)A company has a workforce of 500 employees with an annual turnover rate of 20%. Calculate the expected number of employees who will leave the company next year. Providea calculation for the potential cost associated with replacing each employee, assuming an average cost of $4,000 per hire.---#### Section 5: Financial Management (20 points)1. Multiple Choice (1 point)Which financial ratio indicates the firm’s ability to meet its short-term financial obligations?a) Debt-to-equity ratiob) Current ratioc) Return on equityd) Gross profit margin2. Solution (2 points)Discuss the implications of dividend policies for the valuation of shares, considering different theories of dividend payout.3. Calculation (2 points)Calculate the weighted average cost of capital (WACC) for a company with the following capital structure: 40% equity (cost of equity is 12%), 30% debt (cost of debt is 8% after tax), and 30% preferred stock (cost of preferred stock is 9%). Assume a tax rate of 25%.---#### Section 6: Marketing Management (20 points)1. Multiple Choice (1 point)What is the primary purpose of a marketing audit?a) To evaluate the effectiveness of marketing strategiesb) To analyze the competitive landscapec) To develop new productsd) To set prices for products and services2. Solution (2 points)Explain the concept of market segmentation and how it is applied in marketing strategies, using a specific industry example.3. Calculation (2 points)A company has a market share of 15%. The total market size is expected to grow by 5%
next year. Calculate the projected market share and the additional revenue the company canexpect if it maintains its current share of the market.---#### Section 7: Project Management (20 points)1. Multiple Choice (1 point)Which project management tool is used to visually represent tasks in a project and the dependencies between them?a) Work Breakdown Structure (WBS)b) Gantt chartc) Critical Path Method (CPM)d) Budget variance analysis2. Solution (2 points)Discuss the key differences between Agile and Waterfall project management methodologies, highlighting their respective advantages and disadvantages.3. Calculation (2 points)A project has an initial budget of $300,000 and an actual cost of $250,000 at the end of the first year. The planned value (PV) is $275,000. Calculate the schedule variance (SV) and costvariance (CV), and interpret the results.---#### Section 8: Leadership and Change Management (20 points)1. Multiple Choice (1 point)Which leadership style is characterized by providing a vision, setting goals, and encouraging others to achieve them?a) Autocraticb) Transformationalc) Laissez-faired) Transactional2. Solution (2 points)Explain the role of emotional intelligence in effective leadership, using examples to illustrate your points.3. Calculation (2 points)A company is undergoing a major organizational change, and the cost of change is expected to be $1 million over 2 years. The company estimates that the change will result in increased annual revenues of $200,000 for the next 5 years. Calculate the net present value (NPV) of the change, assuming a discount rate of 10%.
---#### Section 9: Entrepreneurship (20 points)1. Multiple Choice (1 point)Which of the following is NOT a primary element of the entrepreneurial process?a) Opportunity identificationb) Resource acquisitionc) Business plan developmentd) Risk assessment2. Solution (2 points)Discuss the importance of networking and mentorship in the success of entrepreneurial ventures, providing examples from successful entrepreneurs.3. Calculation (2 points)Calculate the break-even point for a new venture that expects fixed costs of $50,000, variable costs of $20 per unit, and a selling price of $30 per unit.---#### Section 10: Business Ethics and Corporate Social Responsibility (20 points)1. Multiple Choice (1 point)Which of the following is NOT a key principle of corporate social responsibility (CSR)?a) Economic responsibilityb) Legal responsibilityc) Ethical responsibilityd) Financial responsibility2. Solution (2 points)Evaluate the impact of corporate ethical misconduct on stakeholder relationships and brand reputation, providing case studies to support your arguments.3. Calculation (2 points)A company has decided to invest in a CSR initiative with an upfront cost of $150,000. The company estimates that this initiative will save it $20,000 per year in costs and generate additional revenue of $15,000 per year. Calculate the payback period for this initiative, assuming the benefits remain constant over time.