practice saqs mgta01 mid-term (2)

7/25/2019 Practice SAQs MGTA01 Mid-Term (2)

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MGTA01 Introduction to Management IProfessor Chris Bovaird

Fall Semester 01!Practise Short Ans"er #uestions $SA#s% for Mid Term

&ou "ill 'e given a ( )age SA# *uestion 'oo+, The cover"ill loo+ li+e this,

Famil- .ame/ First .ame/

Student .um'er/

The Instructions "ill read as follo"s/

1. . AI2S(i.e. calculators) will be allowed.

2. When answering the SAQs use a )en! 3emem'er to 'ring 45 )ens tothe test66

3. This practise test consists of 5short answer uestions worth 1 "ar#s.The real test will contain 3 uestions worth 1$ "ar#s.

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Question 1 %%%%%%%%%%% & '

Question 2 %%%%%%%%%%% & '

Question 3 %%%%%%%%%%% & 3

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http://www.utsc.utoronto.ca/mgmthttp://www.utsc.utoronto.ca/mgmt


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Total %%%%%%%%%%% & 1

Short Answer Question 1(2 parts x 3 marks each = 6 marksin total)

One day, you are reading Scarbonias daily newspaper !he Scarbonian", and you come across

an article that reads as #ollows$

The Scarbonian 0 Tuesda* 1 ,oe"ber

Economic Change of Direction for Bargovistan

(%s&ektar) ' eports are coming out o# central sia this week that dramatic economic change

may be happening in the secreti&e, mountainous republic o# *argo&istan+ nalysts based in therepublics capital, %s&ektar, say that *argo&istans resident #or -i#e and Supreme .ommander,

/lako 0arobatch made an important speech on the countrys economic situation+

resident 0arobatch urged his people to increase wheat production by 33 million bushels or

21, and to increase coal production by 41 million tons or 25 in the next year+ resident

0arobatch has ordered that bicycle and locomoti&e production be halted, and that all #actories inthe country should produce tractors and coal mining e6uipment+ 0e ordered 11,111 troops #rom

the eoples 7reedom rmy to begin working in the coal mines, and it is also understood that

811,111 school children were gi&en a weeks holiday a#ter the go&ernment closed all the schools,

so that school children could aid in the planting o# wheat+

!he reports indicate that resident 0arobatch addressed a crowd o# 91,111 in the 0appy atriotic

.iti:ens ;ational Stadium+ 0is 3 hour long speech was interrupted many times, by the crowdchanting, in unison, ncle /lako?"

0arobatch told his people that they must work harder to grow wheat, a#ter *argo&istans wheatcrop #ell #or the 3rdyear in a row+ ll pharmaceutical and chemical companies were ordered to

begin producing agricultural #ertili:er+

0arobatch told his people that the pre&ious years wheat crops had been poisoned by the .%,

because the >nited States was @ealous that *argo&istans citi:ens were so happy+

!his newspaper article #ascinates you, and you think it would be really nice to see what a

secreti&e, mountainous" country is like+ ;obody you know has e&er been to *argo&istan, and

its on your list o# personal ambitions to tra&el to e&ery country on the planet+

So, you decide to learn as much as you can about this secreti&e, mountainous" republic+ ou

there#ore do a Aoogle search on the keywords *argo&istan" and newspapers"+ ou learn thatup until 2114 there were three newspapers in *argo&istan+ !he Baily !ruth" is owned by the

#amily o# resident /lako 0arobatch+ !he Opposite Opinion" was owned by the leader o# the

opposition, 0arpo Cepkitch+ 0owe&er, in 2114, Dr+ Cepkitch, his wi#e, and his 3 children were

arrested #or treason+ Dr+ Cepkitch was subse6uently shot, and the Opposite Opinion" closed



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down+ !he third newspaper in *argo&istan, !he %ndependent", was not associated with any

political party+ %n 211E, the owner and publisher o# !he %ndependent" announced that he

thought that being a newspaper publisher was boring, and that it would be more #un to work in acoal mine+ 0e closed down the newspaper and now li&es in a small &illage where he works in a

coal mine+ pparently, he works a lot o# o&ertime+

2a+ 7rom the in#ormation gi&en in the case study concerning your research about

*argo&istan, what degree o# competition exists in the newspaper industry in *argo&istanF

Gxplain and @usti#y your answer by pro&iding a discussion o# the characteristics o# thisdegree o# competition+

3 marks

2b+ 7rom the in#ormation gi&en in the case study concerning your research about

*argo&istan, what type o# economic system would you say exists in *argo&istanFGxplain and @usti#y your answer by pro&iding a discussion o# the characteristics o# this

type o# economic system+

3 marks



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Question 2

!he textbook identi#ies two broad types o# economic system that countries can choose to adopt+%denti#y these two types o# economic system+ (2 marks)

Biscuss the intended ad&antages and potential disad&antages o# the #irst o# the two types o#economic system that you identi#y+ ( marks)

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Question 3 (3 marks)

Buring the lectures your ro#essor explained the reason why the #amous board gameDonopoly" is named as it is+ %n your own words, explain the #eatures and characteristics o# a

monopoly"+

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practice saqs mgta01 mid-term (2)

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