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FF Ltd was established three years ago. Since then the company, which provides online financial advice, has experienced rapid growth and the management team has not really had the time to put management systems and procedures into place.

The organisation has asked you to look atthe way in which the company deals with its disciplinary problems and procedures.

Choose from the following ALL that apply as recommended guidelines for drawing up a disciplinary procedure:

AProcedures should be written down to avoid misunderstandings.

BStaff should be provided with a copy of the procedures and relevant sections of the policy made clear.

CDiscipline is all about punishment and it should state this in the policy document.

DDisciplinary procedures should consist of having informal chats outside of the organisation.

ESteps should be detailed to investigate complaints that might lead to legal action.

FAppeals procedures should be given as and when required as a last resort.

Question 2

P is an experienced engineer and project manager that has just been appointed to manage a complex multi-million pound engineering project. It is the start-up stage of the project and nothing at all has been done so far except for the design work. No other team members have been appointed.

P decides to start by firstly decomposing the full scope of the project into a hierarchy of work packages.

Secondly P intends to create a structure showing the reporting relationships and communications channels for the entire project team.

Thirdly, P plans to embark on a systematic process of identifying all the individual elements that comprise the total cost of the project in order to calculate a bottom-up budget.

Select the structures that P will adopt in the correct order.

AWork Breakdown Structure / Organisation Breakdown Structure / Cost Breakdown Structure

BOrganisation Breakdown Structure / Work Breakdown Structure / Cost Breakdown Structure

COrganisation Breakdown Structure / Cost Breakdown Structure / Work Breakdown Structure

DWork Breakdown Structure / Cost Breakdown Structure / Responsibility Assignment Matrix

Question 3

In terms of Porter's Diamond model, a DEMAND condition as applied to the brewing industry in Germany would be which of the following?

AGerman consumers are loyal and enthusiastic about German beer, and are keen to purchase new products.

BGermany has a network of firms and suppliers that support each other in becoming stronger in the brewing industry.

CGermany has a number of strong foreign competitors in the brewing industry.

DGermany possesses a number of secret recipes in brewing that are not available to foreign competitors.

Question 4

Which THREE of the following would be considered as reasonable expectations of the mentoring process, for the mentee?

ACareer enhancement

BSolving all problems

CSupport with new challenges

DDiscipline would be dispensed if they make a mistake

EPersonal development

Question 5

Many public companies remain committed to the rational approach to strategic decision making believing that the long term advantages outweigh the disadvantages.

Which TWO of the following factors are considered to be advantages of the rational approach?

ALess time consuming and less expensive

BFosters an entrepreneurial spirit

CAids target setting and controls

DStakeholder confidence is enhanced

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