1. Outline
possible barriers to communication in an organization with hierarchical
structure.
2. Explain
how the productivity of a team changes over time and highlight the reasons for
the changes in productivity over time.
3. If
you were appointed as a new supervisor of a team how would you approach the
problem of a long running dispute between some members?
4.
Explain
what is meant by the term barriers to entry into a market.
5.
Identify
and discuss some of the major factors that give rise to barriers to entry in a
market
Some of
the factors that give rise to barriers to entry in a market include legal
issues. A government may legalise certain particular companies to trade in a
particular business locking out new companies. This is with a view to ensuring
control or even ensuring only public companies make money from the industry and
not public companies.
Another
barrier to entry in the market may be that the industry is capital intensive.
Only few companies may be able to raise the required capital to trade in the
industry.
6.
Explain fully what is meant by the term
SWOT analysis (give an example)
SWOT analysis is a business analysis tool that looks
at the prevailing business environment. It looks at the strengths and
weaknesses of the business as well as the opportunities and threats to the
business. The strengths and weaknesses are hence internal factors influencing
the performance of the business whereas opportunities and threats are external
factors that the business has little or no control over.
A publishing company may have highly trained and
experienced staff which would be a strength for the company. On the other hand,
it may not have enough capital to develop new publications which would be a
weakness. Opportunities for the company would be emerging economies in which
the company can expand into but an unstable political climate in those
countries would pose a threat to the business.
7.
Explain
what is meant by the term depreciation in financial accounting.
Depreciation
is the loss of value of business assets through various uncontrollable factors
such as wear and tear. For example, computer hardware depreciate the more they
are used. Depreciation is usually expressed as a percentage of the original
value of the asset.
8.
Calculate
the break-even level of output and show the margin of safety for a given
scenario – work through example in lecture notes
9.
Calculate
and comment on the price elasticity of demand for a given product.
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