1 What is planning Compare strategic planning with functional planning 2 What role does goal setting play in the planning process 4 What are the five functions of a manager Planning, organizing, staffing, directing, and controlling 6 List and briefly explain three forms of business ownership 7 What is meant by unlimited liability 8 How does a limited partnership differ from a general partnership a) What advantages does a Ltd company (or PLC) over a sole proprietorship b) Are there any disadvantages of being a Ltd company or PLC 13 List the major components of a business plan What components are of primarily concerned to you, and why Answer 3 5 of the following questions (3 to be submitted) C arol Jones wanted her business to increase sales by 50 percent over the next five years To do this, she must hire three more people She wanted to determine how to evaluate these people, so she lists their job specifications and develops job descriptions She also listed where these employees would work and what training they would require What management functions is Carol performing, and how do they apply to this scenario J erry is a personnel manager for a large retail department store He just received a memo stating that the company will build three new stores in Phoenix over the next five years, with one store opening in 24 months, one opening in 36 months, and one opening in 60 months The memo that Jerry received relates to what type of business plan (nb functional vs strategic) If Jerry is directed to develop a personnel plan for Phoenix, what type of planning will Jerry be doing You buy 1,000 shares of ABC Company at $6 per share The company is sued for millions of dollars, and ABC Co is forced into bankruptcy The newspaper stated that the cost of this suit would amount to $12 per share of stock What is the maximum amount of money you can lose with this investment Why Sam Jones, Mary Adams, and Larry Brown have been talking about starting their own business for several years Sam is an electronic repairman, Mary is a partner in a large law firm, and Larry is an excellent sales person Sam and Larry will work in the business on an equal basis It will cost $100,000 to start this business Sam has no money, Mary has $60,000 and Larry has $40,000 If they form a partnership, how would you recommend that they organize W hat is the predominant form of employment (see final Table below) in the UK why is the largest proportion of employment, by firm type in the final row, 39 of employment generates 48 of national output why What does this tell us, if anything, about the ideal form of employment in the UK

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Posted on Oct 02, 2024

1. What is planning? Compare strategic planning with functional planning.

2. What role does goal setting play in the planning process?

4. What are the five functions of a manager? Planning, organizing, staffing, directing, and controlling.

6. List and briefly explain three forms of business ownership.

7. What is meant by unlimited liability?

8. How does a limited partnership differ from a general partnership?

b) Are there any disadvantages of being a Ltd company or PLC?

13. List the major components of a business plan. What components are of primarily concerned to you, and why?

Answer 3/5 of the following questions (3 to be submitted):

Carol Jones wanted her business to increase sales by 50 percent over the next five years. To do this, she must hire three more people. She wanted to determine how to evaluate these people, so she lists their job specifications and develops job descriptions. She also listed where these employees would work and what training they would require. What management functions is Carol performing, and how do they apply to this scenario?
Jerry is a personnel manager for a large retail department store. He just received a memo stating that the company will build three new stores in Phoenix over the next five years, with one store opening in 24 months, one opening in 36 months, and one opening in 60 months. The memo that Jerry received relates to what type of business plan?

(nb functional vs. strategic).

If Jerry is directed to develop a personnel plan for Phoenix, what type of planning will Jerry be doing?

You buy 1,000 shares of ABC Company at $6 per share. The company is sued for millions of dollars, and ABC Co. is forced into bankruptcy. The newspaper stated that the cost of this suit would amount to $12 per share of stock. What is the maximum amount of money you can lose with this investment? Why?
Sam Jones, Mary Adams, and Larry Brown have been talking about starting their own business for several years. Sam is an electronic repairman, Mary is a partner in a large law firm, and Larry is an excellent sales person. Sam and Larry will work in the business on an equal basis. It will cost $100,000 to start this business. Sam has no money, Mary has $60,000 and Larry has $40,000. If they form a partnership, how would you recommend that they organize?
What is the predominant form of employment (see final Table below) in the UK?

why is the largest proportion of employment, by firm type?
in the final row, 39% of employment generates 48% of national output: why?
What does this tell us, if anything, about the ideal form of employment in the UK?