Topic: Business and Organizational Structures and Choices

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BMF – Nov 2020 – L1 – SA – Q18 – Business and Organizational Structures and Choices

Identify a key characteristic of a global company.

One of the characteristics of a global company is that:
A. Management makes strategic decisions for each foreign market
B. Products are adapted to the requirements of the local market
C. Marketing is adapted in each country to suit the local culture
D. The value chain in each country of operation is optimised
E. The senior managers are likely to come from different countries

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  • 1 Marks

BMF – Nov 2020 – L1 – SA – Q13 – Business and Organizational Structures and Choices

Identify the primary conflict of interest between stakeholders in a public company.

The most significant conflict of interest between stakeholders in a public company is generally considered to be the conflict of interests between:
A. Shareholders and Government
B. Shareholders and Audit Committee
C. Shareholders and Executive Directors
D. Senior Executive Managers and Lenders
E. Government and Executive Directors

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  • 1 Marks

BMF – Nov 2020 – L1 – SA – Q4 – Business and Organizational Structures and Choices

Identify the item that is NOT part of strategic decision-making by the Board of Directors.

Strategic decision making by the Board of Directors includes the following, EXCEPT:
A. Decision to fix appropriate price for the company’s product
B. Setting strategic objectives for the business
C. Decision to withdraw from a market
D. Deciding the major business strategies
E. Setting total borrowing limits for the company

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  • 1 Marks

BMF – May 2016 – L1 – SA – Q2 – Business and Organizational Structures and Choices

This question evaluates understanding of common business organizational structures.

“Organisation structure” is the framework wherein the activities of people within the organisation are coordinated and managed. The following are common forms of business organisation structures EXCEPT:
A. Entrepreneurial structure
B. Functional structure
C. Divisional structure
D. Matrix structure
E. Boundary structure

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  • 1 Marks

BMF – May 2016 – L1 – SA – Q1 – Business and Organizational Structures and Choices

This question focuses on identifying the business strategy of an entity with no strategic ambition to gain a larger market position.

An entity that does not have any strategic ambition to gain a position in the larger market environment is called …………………… Strategy:
A. Leader
B. Challenger
C. Follower
D. Sole Trader
E. Nicher

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  • 20 Marks

BMF – Nov 2014 – L1 – SB – Q2 – Business and Organizational Structures and Choices

Explain various organizational structures and the advantages and disadvantages of decentralisation.

a. In today’s business environment, organizational structure is an important element of business management because the way an organization is structured will go a long way in determining the organization’s efficiency and effectiveness.
Explain briefly the following forms of organizational structure: i. Centralisation
ii. Decentralisation
iii. Matrix
iv. Network organisation (Total 10 Marks)

b. Continuous pressure on modern business organizations has made many top managers concede more authority to middle-level and lower-level managers.
State FIVE advantages and FIVE disadvantages of decentralisation. (10 Marks)

(Total 20 Marks)

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  • 20 Marks

BMF – Nov 2014 – L1 – SB – Q1 – Business and Organizational Structures and Choices

Discuss the features of a sole proprietorship and the characteristics of a public limited liability company.

The business environment comprises a diversity of business organizations ranging from very simple enterprises to huge multinational corporations.

a. Identify FIVE features of a sole proprietorship. (10 Marks)
b. Identify FIVE characteristics of a Public Limited Liability Company. (10 Marks)

(Total 20 Marks)

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  • 1 Marks

BMF – Nov 2014 – L1 – SA – Q18 – Business and Organizational Structures and Choices

Identify the organizational design influenced by the internet and communication technologies.

Organizational design that is influenced and facilitated by the advent of the internet and other communication technologies is known as a __________ organization.

A. Network
B. Virtual
C. Horizontal
D. Matrix
E. Departmental

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  • 1 Marks

BMF – Nov 2014 – L1 – SA – Q12 – Business and Organizational Structures and Choices

Identifies an element that does not relate to organizational culture.

Organizational culture relates to all of the following EXCEPT
A. Norms
B. Belief
C. Values
D. Change
E. Tradition

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  • 1 Marks

BMF – Nov 2014 – L1 – SA – Q3 – Business and Organizational Structures and Choices

Identifies the factor irrelevant to deciding the form of a business enterprise.

Which of the following is NOT a factor to be considered when deciding the form of a business enterprise?

A. The degree of personal liability
B. The willingness to share decision-making powers and risks
C. The cost of establishing the business
D. The location of the business
E. The legal requirements concerning the provision of public information

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  • 1 Marks

BMF – Nov 2020 – L1 – SA – Q18 – Business and Organizational Structures and Choices

Identify a key characteristic of a global company.

One of the characteristics of a global company is that:
A. Management makes strategic decisions for each foreign market
B. Products are adapted to the requirements of the local market
C. Marketing is adapted in each country to suit the local culture
D. The value chain in each country of operation is optimised
E. The senior managers are likely to come from different countries

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  • 1 Marks

BMF – Nov 2020 – L1 – SA – Q13 – Business and Organizational Structures and Choices

Identify the primary conflict of interest between stakeholders in a public company.

The most significant conflict of interest between stakeholders in a public company is generally considered to be the conflict of interests between:
A. Shareholders and Government
B. Shareholders and Audit Committee
C. Shareholders and Executive Directors
D. Senior Executive Managers and Lenders
E. Government and Executive Directors

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  • 1 Marks

BMF – Nov 2020 – L1 – SA – Q4 – Business and Organizational Structures and Choices

Identify the item that is NOT part of strategic decision-making by the Board of Directors.

Strategic decision making by the Board of Directors includes the following, EXCEPT:
A. Decision to fix appropriate price for the company’s product
B. Setting strategic objectives for the business
C. Decision to withdraw from a market
D. Deciding the major business strategies
E. Setting total borrowing limits for the company

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  • 1 Marks

BMF – May 2016 – L1 – SA – Q2 – Business and Organizational Structures and Choices

This question evaluates understanding of common business organizational structures.

“Organisation structure” is the framework wherein the activities of people within the organisation are coordinated and managed. The following are common forms of business organisation structures EXCEPT:
A. Entrepreneurial structure
B. Functional structure
C. Divisional structure
D. Matrix structure
E. Boundary structure

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  • 1 Marks

BMF – May 2016 – L1 – SA – Q1 – Business and Organizational Structures and Choices

This question focuses on identifying the business strategy of an entity with no strategic ambition to gain a larger market position.

An entity that does not have any strategic ambition to gain a position in the larger market environment is called …………………… Strategy:
A. Leader
B. Challenger
C. Follower
D. Sole Trader
E. Nicher

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  • 20 Marks

BMF – Nov 2014 – L1 – SB – Q2 – Business and Organizational Structures and Choices

Explain various organizational structures and the advantages and disadvantages of decentralisation.

a. In today’s business environment, organizational structure is an important element of business management because the way an organization is structured will go a long way in determining the organization’s efficiency and effectiveness.
Explain briefly the following forms of organizational structure: i. Centralisation
ii. Decentralisation
iii. Matrix
iv. Network organisation (Total 10 Marks)

b. Continuous pressure on modern business organizations has made many top managers concede more authority to middle-level and lower-level managers.
State FIVE advantages and FIVE disadvantages of decentralisation. (10 Marks)

(Total 20 Marks)

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You're reporting an error for "BMF – Nov 2014 – L1 – SB – Q2 – Business and Organizational Structures and Choices"

  • 20 Marks

BMF – Nov 2014 – L1 – SB – Q1 – Business and Organizational Structures and Choices

Discuss the features of a sole proprietorship and the characteristics of a public limited liability company.

The business environment comprises a diversity of business organizations ranging from very simple enterprises to huge multinational corporations.

a. Identify FIVE features of a sole proprietorship. (10 Marks)
b. Identify FIVE characteristics of a Public Limited Liability Company. (10 Marks)

(Total 20 Marks)

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  • 1 Marks

BMF – Nov 2014 – L1 – SA – Q18 – Business and Organizational Structures and Choices

Identify the organizational design influenced by the internet and communication technologies.

Organizational design that is influenced and facilitated by the advent of the internet and other communication technologies is known as a __________ organization.

A. Network
B. Virtual
C. Horizontal
D. Matrix
E. Departmental

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You're reporting an error for "BMF – Nov 2014 – L1 – SA – Q18 – Business and Organizational Structures and Choices"

  • 1 Marks

BMF – Nov 2014 – L1 – SA – Q12 – Business and Organizational Structures and Choices

Identifies an element that does not relate to organizational culture.

Organizational culture relates to all of the following EXCEPT
A. Norms
B. Belief
C. Values
D. Change
E. Tradition

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You're reporting an error for "BMF – Nov 2014 – L1 – SA – Q12 – Business and Organizational Structures and Choices"

  • 1 Marks

BMF – Nov 2014 – L1 – SA – Q3 – Business and Organizational Structures and Choices

Identifies the factor irrelevant to deciding the form of a business enterprise.

Which of the following is NOT a factor to be considered when deciding the form of a business enterprise?

A. The degree of personal liability
B. The willingness to share decision-making powers and risks
C. The cost of establishing the business
D. The location of the business
E. The legal requirements concerning the provision of public information

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