Mgt603 Online Quiz No. 3

Question # 1 of 15 (Start time: 08:34:41 PM) Total Marks: 1

Firms in quadrant-IV of grand strategy matrix have which of the following characteristics?
Select correct option:

Rapid market growth and strong competitive position
Rapid market growth and weak competitive position
Slow market growth and strong competitive position
Slow market growth and weak competitive position

Question # 2 of 15 ( Start time: 08:35:29 PM ) Total Marks: 1
Assigning rating 3 to an internal factor in IFE matrix indicates what?
Select correct option:

Major weakness
Minor weakness
Minor strength
Major strength

Question # 3 of 15 ( Start time: 08:36:28 PM ) Total Marks: 1
Which one of the following dimensions is NOT a recommended component of a mission statement?
Select correct option:

Self-concept
Markets
Strategies
Customers

Question # 4 of 15 ( Start time: 08:37:04 PM ) Total Marks: 1
All of the following are used as a base for market segmentation EXCEPT:
Select correct option:

Socioeconomic
Geographic
Demographic
Psychographic

Question # 5 of 15 ( Start time: 08:37:43 PM ) Total Marks: 1
Majority of the businesses follow which of the following organizational structure?
Select correct option:

Strategic business unit
Functional structure
Divisional structure
Matrix structure

Question # 6 of 15 ( Start time: 08:38:28 PM ) Total Marks: 1
In the SPACE analysis, what does (+6, +3) strategy profile portray?
Select correct option:

A strong industry with strong financial strength
A stable environment with strong financial strength
A stable environment for highly competitive firm
A strong industry operating in stable environment

Question # 7 of 15 ( Start time: 08:39:59 PM ) Total Marks: 1
Which of the following statement is referred to 'Price fluctuation'?
Select correct option:

Decrease in prices
Increase in prices
Fluctuation in the prices of a particular commodity
Fluctuation in general price level

Question # 8 of 15 ( Start time: 08:40:23 PM ) Total Marks: 1
Long-term objectives are needed at which level(s) of the organization?
Select correct option:

Corporate level
Divisional level
Functional level
All of the given options

Question # 9 of 15 ( Start time: 08:40:59 PM ) Total Marks: 1
For the past four years the ABC Corporation has been planning to expand its operations in order to reach out to the world market. Essentially, the ABC Corporation desires to do what?
Select correct option:

Become an online business
Become a brick-n-mortar business
Embrace globalization
Become a click-n-mortar business

Question # 10 of 15 ( Start time: 08:41:43 PM ) Total Marks: 1
Establishing and implementing ways of making things work is known as:
Select correct option:

Planning
Organizing
Leading
Controlling

Question # 11 of 15 ( Start time: 08:42:35 PM ) Total Marks: 1
All of the following are functional support roles of Management Information System EXCEPT:
Select correct option:

Recording and storing accounting records
Recording and storing inventory data
Recording and storing business intelligence data
The enhanced ability to explore "what if"

Question # 12 of 15 ( Start time: 08:43:05 PM ) Total Marks: 1
Strategy formulation stage includes all of the following EXCEPT:
Select correct option:

Vision and mission
Strength and weakness
Opportunities and threats
Annual objectives


Question # 13 of 15 ( Start time: 08:43:52 PM ) Total Marks: 1
During which stage of strategic management, firm's specific internal strengths and weaknesses are determined?
Select correct option:

Formulation
Implementation
Evaluation
Feedback

Question # 14 of 15 ( Start time: 08:44:21 PM ) Total Marks: 1
The SPACE matrix of XYZ company shows that the coordinates of its directional vector are (-5, -5). What strategy would you recommend for the ABC Company?
Select correct option:

Concentric diversification
Market development
Backward integration
Joint venture

Question # 15 of 15 ( Start time: 08:45:14 PM ) Total Marks: 1
Which one of the following is NOT a basic mission of a competitive intelligence program?
Select correct option:

To provide a general understanding of an industry
To provide a general understanding of a company's competitors
To identify industry executives who could be hired by the firm
To identify potential moves a competitor might make that would endanger a firm

........

Question # 1 of 15 ( Start time: 08:49:07 PM ) Total Marks: 1
According to Porter, which strategy offers products or services to a small range of customers at the lowest price available on the market?
Select correct option:
Low cost
Best value
Cost focus
Differentiation

Question # 2 of 15 ( Start time: 08:49:48 PM ) Total Marks: 1
All of the following are the indicators of industry strength for an organization EXCEPT:
Select correct option:
Financial stability
Ease of entry into the market
Geographic and product freedom
Control over suppliers

Question # 3 of 15 ( Start time: 08:50:40 PM ) Total Marks: 1
The strategy embraced by Ahmad Bros. is to address the needs of a very selected and specialized market segment. That is most likely to engage in which one of the following types of strategy?
Select correct option:
Differentiation strategy
Generic strategy
Focus strategy
Low cost strategy

Question # 4 of 15 ( Start time: 08:51:22 PM ) Total Marks: 1
Ethnic balance is affected due to which of the following?
Select correct option:
Change in ethnic values
Awareness of ethnic norms
Migration of the people towards different areas
Introduction of new laws relating to ethnicity

Question # 5 of 15 ( Start time: 08:51:56 PM ) Total Marks: 1
All of the following are examples of marketing decisions that require policies EXCEPT:
Select correct option:
To be a market leader or follower
Whether to advertise online or not
Either to offer a complete or limited warranty
To use billboards for outdoor advertising

Question # 6 of 15 ( Start time: 08:52:35 PM ) Total Marks: 1
A system of several rites connected with a single occasion or event is known as:
Select correct option:
Myth
Ceremonial
Saga
Legend

Question # 7 of 15 ( Start time: 08:53:04 PM ) Total Marks: 1
Test marketing is commonly applied by which of the following companies?
Select correct option:
Industrial goods companies
Consumer goods companies
Public sector companies
Private sector companies

Question # 8 of 15 ( Start time: 08:53:44 PM ) Total Marks: 1
Business units that have low market share and are operating in slow-growing industry should choose all of the following EXCEPT:
Select correct option:
Distribution efficiency
Production efficiency
New investments
Product innovation

Question # 9 of 15 ( Start time: 08:54:12 PM ) Total Marks: 1
The purpose of an external audit is to prepare a list of which of the following?
Select correct option:
Opportunities and weaknesses
Threats and strengths
Opportunities and threats
Strengths and weaknesses

Question # 10 of 15 ( Start time: 08:54:50 PM ) Total Marks: 1
What strategies are appropriate for the divisions that fall in grow and build region of IE matrix?
Select correct option:
Defensive and integrative strategies
Intensive and integrative strategies
Diversification and intensive strategies
Defensive and diversification strategies

Question # 11 of 15 ( Start time: 08:55:44 PM ) Total Marks: 1
Adding new, unrelated products or services is called:
Select correct option:
Forward integration
Backward integration
Conglomerate diversification
Concentric diversification

Question # 12 of 15 ( Start time: 08:56:24 PM ) Total Marks: 1
Which one of the following is the organizational structure that most of the medium-size organizations follow?
Select correct option:
Divisional structure
Strategic business unit
Functional structure
Matrix structure

Question # 13 of 15 ( Start time: 08:57:07 PM ) Total Marks: 1
Which of the following is the first step in the controlling function of management?
Select correct option:
Take corrective actions
Restrict breaks employees take
Evaluate expense reports
Establish performance standards

Question # 14 of 15 ( Start time: 08:57:55 PM ) Total Marks: 1
Which of the following factors can predict the stability or non-stability of the environment, the firm is operating in?
Select correct option:
Rate of inflation
Ease of exit from market
Customer loyalty
Financial stability

Question # 15 of 15 ( Start time: 08:58:33 PM ) Total Marks: 1
Which of the followings best describes the Horizontal integration?
Select correct option:
A firm takes over a supplier
A firm takes over a distributor
A firm takes over a competitor
A firm takes over a manufacturer

..........

Question # 1 of 15 ( Start time: 09:02:21 PM ) Total Marks: 1
Which of these is an attractive strategy for a cash cow division?
Select correct option:
Concentric diversification
Horizontal integration
Conglomerate diversification
Backward integration

Question # 2 of 15 ( Start time: 09:03:20 PM ) Total Marks: 1
All of the following are the types of cooperative arrangements EXCEPT:
Select correct option:
R&D partnerships
Joint-bidding consortia
Cross-licensing agreements
Diversification

Question # 3 of 15 ( Start time: 09:04:34 PM ) Total Marks: 1
Which of the following is the first step in developing QSPM?
Select correct option:
Developing a list of the firm's key external and internal factors.
Determining the Attractiveness Scores for each strategy.
Examine the Stage 2 matrices and identify alternative strategies.
Assigning weights to each key external and internal factor.

Question # 4 of 15 ( Start time: 09:05:15 PM ) Total Marks: 1
The reason to develop QSPM is to evaluate the alternative strategies derived from all of these EXCEPT:
Select correct option:
Grand Strategy Matrix
BCG Matrix
Space Matrix
CPM Matrix

Question # 5 of 15 ( Start time: 09:06:14 PM ) Total Marks: 1
All of the following situations are conducive to market development EXCEPT:
Select correct option:
When new untapped or unsaturated markets exist
When new channels of distribution are expensive
When an organization has excess production capacity
When an organization's basic industry is becoming rapidly global

Question # 6 of 15 ( Start time: 09:06:58 PM ) Total Marks: 1
All of the following are the examples of promotion decision EXCEPT:
Select correct option:
Personal selling
Volume discounts
Public relations
Advertising

Question # 7 of 15 ( Start time: 09:08:03 PM ) Total Marks: 1
Which strategy seeks to increase market share of present products or services in present markets through greater marketing efforts?
Select correct option:
Market penetration
Market development
Backward integration
Product development

Question # 8 of 15 ( Start time: 09:08:33 PM ) Total Marks: 1
All of the following would be considered as weaknesses to a business EXCEPT:
Select correct option:
Maturing markets
Limited industry expertise
Brand name
Limited financial resources

Question # 9 of 15 ( Start time: 09:09:28 PM ) Total Marks: 1
According to Porter, which strategy offers products or services to a small range of customers at the lowest price available on the market?
Select correct option:
Low cost
Best value
Cost focus
Differentiation

Question # 10 of 15 ( Start time: 09:10:39 PM ) Total Marks: 1
When a merger or acquisition is not desired by both the parties of merger, then it is known as:
Select correct option:
Divestiture
Takeover
Outsourcing
Integration

Question # 11 of 15 ( Start time: 09:11:23 PM ) Total Marks: 1
What are the four dimensions of a SPACE matrix?
Select correct option:
Environmental stability; Industrial strength; Competitive advantage; Market growth rate
Environmental stability; Industrial strength; Competitive advantage; Financial strength
Industrial strength; Competitive advantage; financial strength; Market share
Environmental stability; Industrial strength; Market growth rate; Market share

Question # 12 of 15 ( Start time: 09:11:56 PM ) Total Marks: 1
Selling all of a company's assets in parts for their tangible worth is known as:
Select correct option:
Joint venture
Divestiture
Liquidation
Integration

Question # 13 of 15 ( Start time: 09:12:35 PM ) Total Marks: 1
Market segmentation is especially used in implementing strategies by which of the following firms?
Select correct option:
Small firms
Medium-size firms
Large firms
All of these firms

Question # 14 of 15 ( Start time: 09:13:04 PM ) Total Marks: 1
When two organizations of about equal size unite to form one enterprise, which of the following takes place?
Select correct option:
Hostile takeover
Merger
Liquidation
Divestiture

Question # 15 of 15 ( Start time: 09:13:50 PM ) Total Marks: 1
Which of the following strategy generally entails large research and development expenditures?
Select correct option:
Market penetration
Retrenchment
Forward integration
Product development

.............

Question # 1 of 15 ( Start time: 09:23:55 PM ) Total Marks: 1
Which one of the following is NOT a SMART criterion?
Select correct option:

Measurable
Strategy
Achievable
Relevant

Question # 2 of 15 ( Start time: 09:25:01 PM ) Total Marks: 1
External forces directly affects all of the following EXCEPT:
Select correct option:

Market segmentation strategies
Types of products/services offered
Management structure of organization
Choice of businesses to acquire or sell

Question # 3 of 15 ( Start time: 09:26:06 PM ) Total Marks: 1
Identify the stages of strategic management process in a precise sequence.
Select correct option:

Strategy evaluation, strategy formulation & strategy implementation
Strategy evaluation, strategy implementation & strategy formulation
Strategy formulation, strategy implementation & strategy evaluation
Strategy implementation, strategy evaluation & strategy formulation

Question # 5 of 15 ( Start time: 09:27:47 PM ) Total Marks: 1
All of the following are the key opportunities or threats in external environment because of Political, Govt. & lLegal force EXCEPT:
Select correct option:

Tax rates
Trust in government
Pak-India relationships
Patent laws

Question # 6 of 15 ( Start time: 09:28:47 PM ) Total Marks: 1
Which of the following is NOT a SPACE Matrix quadrant?
Select correct option:

Aggressive
Defensive
Competitive
Offensive

Question # 7 of 15 ( Start time: 09:29:19 PM ) Total Marks: 1
The IE Matrix consists of how many cells?
Select correct option:

Seven
Eight
Nine
Ten

Question # 8 of 15 ( Start time: 09:29:53 PM ) Total Marks: 1
Majority of the businesses follow which of the following organizational structure?
Select correct option:

Strategic business unit
Functional structure
Divisional structure
Matrix structure

Question # 9 of 15 ( Start time: 09:30:57 PM ) Total Marks: 1
The process of monitoring performance, comparing it with goals, and correcting any significant deviations is known as:
Select correct option:

Planning
Organizing
Leading
Controlling

Question # 10 of 15 ( Start time: 09:31:46 PM ) Total Marks: 1
Marketing decisions generally fall into four controllable categories. Which one of the following is NOT one of marketing decisions category?
Select correct option:

Product
Process
Distribution
Promotion

Question # 11 of 15 ( Start time: 09:32:22 PM ) Total Marks: 1
Input stage of strategy formulation framework includes developing which of the following set of strategies?
Select correct option:

IFE, EFE and QSPM Matrix
IFE, IE and BCG Matrix
IFE, CPM and EFE Matrix
EFE, IE and CPM Matrix

Question # 12 of 15 ( Start time: 09:33:22 PM ) Total Marks: 1
Which of the following is best identified as a statement that presents "a firm's big picture statement, describing a desired end-state, general in scope, and not restrictive"?
Select correct option:

Corporate philosophy statement
Company creed
Vision statement
Mission statement

Question # 13 of 15 ( Start time: 09:34:02 PM ) Total Marks: 1
All of the following fall under Pricing decisions EXCEPT:
Select correct option:

Discounts
Credit terms
Markups
Dealer relations

Question # 14 of 15 ( Start time: 09:34:32 PM ) Total Marks: 1
According to the Grand Strategy Matrix, in which quadrant organizations have a strong competitive position but are in a slow-growth industry?
Select correct option:

I
II
III
IV

Question # 15 of 15 ( Start time: 09:35:00 PM ) Total Marks: 1
All of the following are functional support roles of Management Information System EXCEPT:
Select correct option:

Recording and storing accounting records
Recording and storing inventory data
Recording and storing business intelligence data
The enhanced ability to explore "what if"

...........

Question # 1 of 15 ( Start time: 11:22:48 PM ) Total Marks: 1
In BCG growth-share matrix, which of the following would be most likely to possess a low market share and a high growth rate?
Select correct option:

Dog
Question mark
Cash cow
Star

Question # 2 of 15 ( Start time: 11:23:42 PM ) Total Marks: 1
Which one of the following strategies is referred as presenting products, often with a little or no modification, to customers in related marketing areas?
Select correct option:

Market development
Market penetration
Horizontal integration
Product development

Question # 3 of 15 ( Start time: 11:24:47 PM ) Total Marks: 1
Which of the following was NOT included in Borden's marketing mix?
Select correct option:

Product planning
Display
Styling
Physical handling

Question # 4 of 15 ( Start time: 11:25:58 PM ) Total Marks: 1
Product development involves going in the direction of which one of the following?
Select correct option:

Present products to present markets
Present products to new markets
New products to present markets
New products to new markets

Question # 5 of 15 ( Start time: 11:26:28 PM ) Total Marks: 1
Which of the following statements is NOT correct about a mission statement?
Select correct option:

It contains the definition of the company's business
It is called the picture of a company's future.
It is a statement containing the company's major goals
It is known as statement of the corporate philosophy

Question # 6 of 15 ( Start time: 11:27:00 PM ) Total Marks: 1
Which of the following directs at developing new products before competitors do at improving product quality or at improving manufacturing processes to reduce costs?
Select correct option:

Marketing
Opportunity analysis
Research and development
Management

Question # 7 of 15 ( Start time: 11:27:57 PM ) Total Marks: 1
The reason to develop QSPM is to evaluate the alternative strategies derived from all of these EXCEPT:
Select correct option:

Grand Strategy Matrix
BCG Matrix
Space Matrix
CPM Matrix

Question # 8 of 15 ( Start time: 11:28:11 PM ) Total Marks: 1
Which of these strategies is effective when the number of suppliers is small and the number of competitors is large?
Select correct option:

Conglomerate diversification
Forward integration
Backward integration
Horizontal diversification

Question # 9 of 15 ( Start time: 11:28:56 PM ) Total Marks: 1
The process of monitoring performance, comparing it with goals, and correcting any significant deviations is known as:
Select correct option:

Planning
Organizing
Leading
Controlling

Question # 10 of 15 ( Start time: 11:29:08 PM ) Total Marks: 1
Defensive strategies include all of the following EXCEPT:
Select correct option:

Retrenchment
Acquisition
Divestiture
Liquidation

Question # 11 of 15 ( Start time: 11:29:34 PM ) Total Marks: 1
In order to avoid the emergence of substitute products, AF & Z Corporation has obtained an access and control over the scarce natural resources necessary to produce their products. Thus, which of the following strategies is being practiced by AF & Z Corporation?
Select correct option:

SO Strategy
WO Strategy
SW Strategy
ST Strategy

Question # 12 of 15 ( Start time: 11:30:10 PM ) Total Marks: 1
Identify the term that is known as a "mean of providing guidance to actions and procedures, including how resources are to be allocated and how tasks assigned to the organization might be accomplished".
Select correct option:

Aspirations
Objectives
Policies
Goals

Question # 13 of 15 ( Start time: 11:31:19 PM ) Total Marks: 1
Which one of the following is NOT a SMART criterion?
Select correct option:

Measurable
Strategy
Achievable
Relevant

Question # 14 of 15 ( Start time: 11:31:29 PM ) Total Marks: 1
Which of the following is the last step in the development of QSPM?
Select correct option:

Developing a list of the firm's key external and internal factors
Determining the Attractiveness Scores for each strategy
Compute the Sum Total Attractiveness Score
Assigning weights to each key external and internal factor

Question # 15 of 15 ( Start time: 11:32:45 PM ) Total Marks: 1
Which of the following categories of ratios includes return on total assets and return on stockholders' equity as its types?
Select correct option:

Profitability
Leverage
Growth
Liquidity

.............

Question # 1 of 15 ( Start time: 11:46:29 PM ) Total Marks: 1
In order to avoid the emergence of substitute products, AF & Z Corporation has obtained an access and control over the scarce natural resources necessary to produce their products. Thus, which of the following strategies is being practiced by AF & Z Corporation?
Select correct option:

SO Strategy
WO Strategy
SW Strategy
ST Strategy

Question # 2 of 15 ( Start time: 11:46:50 PM ) Total Marks: 1
Which of the following refers to Kanban?
Select correct option:

Manufacturing system
Production unit
Signals
Process

Question # 3 of 15 ( Start time: 11:47:40 PM ) Total Marks: 1
Buyers can exercise high bargaining power over their suppliers under which one of the following conditions?
Select correct option:

When there are many good substitutes of raw material
There are few buyers in the market
They have few suppliers to choose from
There is a high concentration of suppliers

Question # 4 of 15 ( Start time: 11:49:04 PM ) Total Marks: 1
Selling all of a company's assets in parts for their tangible worth is known as:
Select correct option:

Joint venture
Divestiture
Liquidation
Integration

Question # 5 of 15 ( Start time: 11:49:36 PM ) Total Marks: 1
The organizations, where resource allocation is not based on strategic-management approach to decision making, which approach is used for resource allocation?
Select correct option:

Financial budget
Relative importance of departments
On political or personal factors
Relative cost of each resources

Question # 6 of 15 ( Start time: 11:50:18 PM ) Total Marks: 1
Where an organization is considering development in an existing market with existing products it is pursuing which of the following strategy?
Select correct option:

Diversification
Market development
Market penetration
Product development

Question # 7 of 15 ( Start time: 11:50:49 PM ) Total Marks: 1
Non-financial benefits of strategic management includes all of the following EXCEPT:
Select correct option:

Better awareness of external threats
Enhanced awareness of threats
Reduced resistance to change
Increase in sales

Question # 8 of 15 ( Start time: 11:51:29 PM ) Total Marks: 1
Which of the following are two positive-rated dimensions on SPACE Matrix?
Select correct option:

FS and CA
CA and ES
FS and IS
IS and ES

Question # 9 of 15 ( Start time: 11:52:06 PM ) Total Marks: 1
Marketing decisions generally fall into four controllable categories. Which one of the following is NOT one of marketing decisions category?
Select correct option:

Product
Process
Distribution
Promotion

Question # 10 of 15 ( Start time: 11:52:22 PM ) Total Marks: 1
A firm that is involved in two or more distinct businesses is known as:
Select correct option:

A diversified company
A ventured company
A restructured company
A multinational corporation

Question # 11 of 15 ( Start time: 11:53:37 PM ) Total Marks: 1
Which one of the following is the organizational structure that most of the medium-size organizations follow?
Select correct option:

Divisional structure
Strategic business unit
Functional structure
Matrix structure

Question # 12 of 15 ( Start time: 11:53:53 PM ) Total Marks: 1
The total weighted score of IFE matrix developed for XYZ corporation is 3.5. Which of the following statement is TRUE about XYZ Corporation in the light of IFE matrix total weighted score?
Select correct option:

Corporation has strong external position
Corporation has weak internal position
Corporation has strong internal position
Corporation has weak external position

Question # 13 of 15 ( Start time: 11:55:13 PM ) Total Marks: 1
Local, state, and national elections, world oil, currency, and labor markets, number of patents, special tariffs are the examples of which one of the following?
Select correct option:

Economic forces
Social, cultural and, demographic forces
Political, governmental, and legal forces
Competitive forces

Question # 14 of 15 ( Start time: 11:55:58 PM ) Total Marks: 1
BCG matrix is used in matching stage of strategy formulation framework. It plots the business units along which of the following dimensions?
Select correct option:

Market share and industry strength
Market share and market growth rate
Market growth rate and competitive position
Market growth rate and environment stability

Question # 15 of 15 ( Start time: 11:57:20 PM ) Total Marks: 1
Ethnic balance is affected due to which of the following?
Select correct option:

Change in ethnic values
Awareness of ethnic norms
Migration of the people towards different areas
Introduction of new laws relating to ethnicity

MKT630 Quiz 04 Announced

ONLINE QUIZ NO. 4 ANNOUNCEMENT

Quiz will Cover Video Lecture No. 1 to 34

Schedule
Opening Date and Time:	18-01-2011 At 12:00 AM (Mid Night)
Closing Date and Time:	19-01-2011 At 11:59 PM (Mid-Night)

Note that 24 Hours Extra Time is Not Available

CS507 GDB 01 Announced

Graded Discussion Board

Dear Students, GDB for this course is going to be opened on Monday 31st January, 2010. GDB will remain open for 2 days (31st January & 1st February), there will be no alternative or bonus day for it. The GDB will contain 5 marks (weightage 5 out of 100) for this course. So all the students are directed to participate in this GDB otherwise you will loose 5 marks for this course.

You have to attempt the GDB online. GDB via Email will not be accepted nor it will be graded.

Topic for GDB

“Companies in employment services sector should apply integration modeling techniques to their ERP objective.”

If you agree with the above statement then support your answer with suitable arguments and give reason why companies in employment services sector should apply integration modeling techniques and if you don’t agree then provide your arguments to negate the above statement

MTH001 Assignment No. 2 Solution

Assignment # 2 (Lecture# 17 - 24) Of MTH001 (FALL 2010)

Maximum Marks: 30

Due Date:

January 24, 2011

INSTRUCTIONS

Please read the following instructions before attempting the solution of this assignment:

• To solve this assignment, you should have good command over 17-24 lectures.

• Try to get the concepts, consolidate your concepts and ideas from these questions which you learn in these

lectures. You should concern the recommended books for clarification of concepts.

• Upload assignments properly through LMS, No Assignment will be accepted through email.

• Write your ID on the top of your solution file.

• Do not use colorful back grounds in your solution files.

• Use Math Type or Equation Editor etc. for mathematical symbols and equations.

• You should remember that if we found the solution files of some students are same then we will reward zero marks to all those students. Therefore, try to make solution by yourself and protect your work from other students, otherwise you and the student who send same solution file as you will be given zero marks.

• Avoid copying the solution from book (or internet); you must solve the assignment yourself.

• Also remember that you are supposed to submit your assignment in Word format any other like scan images, HTML etc. will not be accepted and we will give zero marks correspond to these assignments.

Question: 01 Marks: 10

Ali decides to invest a certain sum of money in business at the end of each year in the form of an annuity. He wants to get a sum of Rs.40, 000 after 20 years. If the payments accumulate at expected profit of 8% compound annually, how much should he start investing annually?

Question: 02 Marks: 10

Find the unknown values of , , and if and are multiplicative inverses of each other. Where .

Question: 03 Marks: 10

If and are the means for the two sets and respectively and related by and . Then find the values of ‘ ’ and ‘ ’.

.................

Solution 1):

This is a Future Value of an Ordinary Annuity problem.

Future Value is 40,000. Number of periods is 20. Annual rate is 8%

From TVM table for FV of an Annuity, the Factor is 45.7625

The FV = Annuity x Factor. We know the FV is 40,000, so divide it by the factor of 45.7625 to determine the Annuity amount of 874.08

The formula is ((1+ r)^n - 1) / r, or ((1.08)^20 - 1) / .08, or 4.661 - 1 = 3.661 / .08 = 45.7625

HRM624 Assignment No. 1 Solution

Conflict Management (HRM624)

Assignment No. 1 Marks: 10

Knowledge Sharing

(Case Study)

Knowledge sharing is the blessing for any organization but specifically for research and academic institutions, where concepts, theories and knowledge generation are the best sources of Human Resource Development. Here is a case of an organization in which a very constructive and productive activity is converted into a useless and downbeat activity. All employees of this organization have started an activity of daily presentations and magazine.

The main objective of this activity is to improve the communication and presentation skill of an individual. But they have observed that the By-Product (Knowledge Sharing) of this activity becomes more fruitful and more dominating as compared to the main objective of this activity.

Now people are more concerned in attending the presentation and this builds a responsibility on presenter to make presentation more fruitful and better than before. This situation is ideal for presenter, people who are attending the presentation as well for the organization During this time, some of the culprits among employees try to deceive the management by writing their names on presentation attendance sheet but actually they left office for the entire period of session. This creates trouble and management takes a decision that nobody is allowed to get entrance in the presentation without prior intimation. For that purpose, different groups are made by the management and this division is random, without any logic and irrational. Also people are not allowed to attend any presentation of other group. Complicated procedure of intimation, emails, perplexity among supervisor, creates a chaotic situation. As a result, in the presentation of very able and senior most people, only five people were there.

All know the fact that, before the implementation of this new policy, presentation room used to jam-pack. It is very sad situation for so many people who are supporting this new idea of presentation. But some of the advisors of higher management do not want this activity to run smoothly because they don’t have the capability to participate. Now at this stage two pools are formed, one is supporting the old practice of knowledge sharing with “open doors” (comprises of more than 96% of the total work force) and second group, which is very small group of people (4% of the total work force) is in the favor of this new practice. Note that there are some people who are in favor of old practice of “open doors” but they have no courage to express their feelings. But after informal interviews and group discussions, they show their consent of being a part of larger group.

With the passage of time, majority get frustrated and they start feeling so many related which are not highlighted ever before. Like one of the employee highlighted the discrimination while selecting the best presenter. Also people start criticizing the criteria and its transparency. Some of the employees have reservation on the participation and topic selection. Some are saying that few people are manipulating whole situation in their favor and get benefited. Some are raising the issue of EEO (Equal Employee Opportunity). So there are lots of other issues raised (which did not exist ever before) after this new policy. One can say that this is the retaliation and in the response of this “Close Door” phenomena.

When people were asked about the solution of this issue, majority suggest that those culprits should be highlighted and punished rather to make new policy which is not acceptable for the majority of the people. They said that punishing whole organization due to malicious activity of few people is not fair. This creates a mind set that all employees are deceptive and they are being punished. But that’s not the intention of the higher management.

Question:

Consider yourself as the higher management of the organization, what will you do to resolve this conflict? Either to continue this practice of “Close Door” policy or go with the majority who is in the favor of “Open Door” policy. Give solid reasons to support your answer.

Note: Try to write your choice clearly (in bold) at the top and then write reasons in the bulleted form. Please note that your choice and supporting points should be rational and brief. Unnecessary details will result in marks deduction.

Schedule

Opening Date and Time January, 24, 2011 At 12:01 A.M. (Mid-Night)

Due Date and Time January, 28, 2011 At 11:59 P.M. (Mid-Night)

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Solution:

Consider yourself as the higher management of the organization, what will you do to resolve this conflict? Either to continue this practice of “Close Door” policy or go with the majority who is in the favor of “Open Door” policy. Give solid reasons to support your answer.

I am in the favor of open door policy.

Reasons are as follow
· In open door policy, employees have direct access to the senior executives
without going through several gatekeepers.

· In open door policy, presentation room used to jam-pack. But in close door, few peoples are attending the presentation, and employees have so many complain after that.

· Because of the close door policy, a very constructive and productive activity is
converted into a useless and downbeat activity.

· In open door policy every manager's door is open to every employee. Open door policy encourages open communication, feedback, and discussion about any matter of importance to an employee.

· This productive activity should not be restricted with close door activity because of few culprits, who deceive managers by not attending presentations.

· When a company has an open door policy, employees are free to talk with any manager at any time.

· Open door policy helps to develop employee’s trust.

· Open door policy is the best method to immediately solve the problems of the employees.

· As in the higher management of the organization, I have to think about my employee’s suggestion as most of them supported open door policy.

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One more Idea solution

Open-door policy
An open-door policy (as related to the business and corporate world) is a policy in which a manager, CEO, president or supervisor leaves their office door "open" in order to encourage communication with the lower employees of that company. As the term implies, employees are encouraged to stop by whenever they feel the need to speak. Such a practice is viewed as a morale booster by letting employees feel as if they're able to openly speak with their boss about numerous issues face-to-face, rather than by other means, such as e-mail or voice mail.

Close Door Policy
Time is money, and hence when you have time you want to make use of most of it as much as possible. The amounts of hours we have in a day are very limited, so those who want to achieve something in life will treat time as such, PRECIOUS. But sometimes, unforeseen occurrences happen to interrupt our activities of the day.

Even so, there are other incidences we can avoid. For example, one of your valued customers may just decide to pop in to simply say hello or a long lost friend may have arrived in town and then decides to pass by your office during working hours. While at it, some of these kinds of unexpected visitors, might have long stories of what they have been up to of late hence disrupting your schedule.

The big question is how do you avoid this and still not risk losing a valued customer or appear to be rude to a friend. The secret is to draw a line from the start by applying the closed door policy especially when you do not want disruptions. Alert the secretary or colleagues whenever you want to avoid interruptions. You can decide not to pick phone calls or attend to any visitor. During this time ask the receptionist or colleague to take down your messages, marking the urgent ones.

Note that five minutes of disruption can affect a whole days input and hence affect the general

Question:Consider yourself as the higher management of the organization, what will you do to resolve this conflict? Either to continue this practice of “Close Door” policy or go with the majority who is in the favor of “Open Door” policy. Give solid reasons to support your answer.

Note: Try to write your choice clearly (in bold) at the top and then write reasons in the bulleted

I am in the favor of Open-door policy because of the following reasons

• This style is more open, more talents are attracted to the pool. The style will flourish and enrich
• Encourage open communication, feedback, and discussion about any matter of importance to an employee
• Employees are free to talk with any manager at any time
• By helping to solve problems, managers benefit by gaining valuable insight into possible problems with existing methods, procedures, and approaches
• Company's employees have the opportunity at all times, through the open door policy, to be heard.
• Addressing grievances or complaints should be handled very carefully
• The preferred method to immediately solve the problems of the employee.
• Open door policy focuses on majorities interests
• This policy involve in devoting the full consideration on work
• It’s a very constructive and productive activity

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