The University of Fiji

School of Business and Economics

Department of Management

MGT101 – Fundamentals of Management

Semester 1 - 2020

Open Book Online

Mid-Semester Test – 50 Marks

Answer Sheet

Student Name Rukshana Bano

ID: 20200007

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 Important Instructions to Students:
1. Read the questions and instructions carefully before answering the questions.
2. Type your name and student identification number on the answer sheet provided.
3. Timeframe allowed for this MGT101 Open book Online Mid Semester Test is
Wednesday 20th May from 8:00am to 4:00pm.
4. Once you have completed this Open book Online Mid Semester Test, you are to upload
your typed Microsoft word document on the Moodle Turnitin Online Submission drop
box.
5. Your Turnitin plagiarism score should not exceed 40%. All submissions that exceed 40%
plagiarism score would be penalized.
6. The online Moodle Turnitin Submission drop box will automatically close on Monday
20th May at 4:01pm.
7. Late submissions will not be accepted.
8. You are to provide all references per question for all materials cited to attempt this
assignment. Materials cited from Wikipedia, will not be accepted.
9. This MGT101 Open book Online Mid Semester Test is worth 50 marks and contributes
10% of the total course assessment mark.

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 SHORT ANSWER QUESTIONS

Answer all the questions. Each question is worth 10 Marks.

Students may expand the tables by adding additional space for columns.

QUESTION 1

Controls

1) Internal control
Internal control is implemented by the finance department of Shop and Save
supermarket by assigning employees to do stock taking so that they are certain about how
many inventories they have in store and methods include first in first out, last in first out
and physical stock taking. This way the finance department is able to track the amount and
value of stock available to avoid theft and omission errors.

2) Steering control
Steering control is also implemented by the finance department for example before the
cashiers go home, they have to balance the money earned during the day which is kept in
the till meaning that the money in the till should match with the revenue displayed on the
computer screen and if it doesn't then they have to pay from their pocket, afterwards this
information is given to the finance department.

1) Internal control
Upgrading the quality and the standard of the product to persuade buyer to buy large
quantities.

2) Internal control
Educating and training the staff members for quality control.

1) External control
Avoid cash flow problems

2) Internal Control
Work directly with shippers to ensure that product reaches on time.

1) Internal control
Hire expert and high qualified and experienced workers to do various jobs.

2) Internal control
Monitor employee performance and implement training programs to educate new

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employees.

1) Internal control
Make the website a multitasker so that students are able to access data.

2) Internal control
The IT department should make arrangements to solve server errors.

QUESTION 2

Strategies in the Decline stage of the Product Life Cycle

1. Maintain the product but add new features to it to attract customers like the
Coca-Cola company did by adding vanilla flavor, diet coke and sugar free coke to
attract consumers to consume their products.

2. Put the product on sale so that customers get attracted by the deals offered like
the price of semolina decreased to $0.50 just to sell it off at Shop and Save
supermarket.

3. Give freebies with the product so that people buy the product like with axion
sponges were given together which were complimentary goods which is used
together.

4. If the company is still not able to recover then they should sell the remaining
product stock to a firm which wants to continue producing that product. For

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 example, selling Blu band butter which did not last long.

5. Advertise more about the product to grab consumers attention like advertising in
television of Ka sabias business.

QUESTION 3

Your Unique Small Business

1. Type of Business and Location

Construction Business based in Lovu Lautoka in Fiji.

Business name would be AR CONSTRUCTION LTD.

2. What makes your business unique

The things that will make my business unique is that it will cater for small
budgets, expensive budgets and it will provide various options (type of houses)
from apartments, bungalow, caravan, houses with castle features, cottage,
dormitory, condominiums, duplexes, Farmhouses, flat, houseboats and many

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 more. People will be able to customize the house according to their taste and
preferences, customize furniture's, buy paintings and electronics, choose quality
of raw materials and experts would help them choose their dream houses
according to their comfort.

3. Ownership and Customers

A would target business ownership and customers that have extended family and
hotel owners because they are the cash cows of my business, the bigger the
family, the bigger the house.

4. Marketing Strategies

I would advertise on national television (FBC), create a website where customers

will be able to access various resources such as location of the business, pictures
of recent completed projects to display quality of the houses built, online chat
with experts regarding home plans, and many more, create jingles about the
business, make pamphlets and distribute to the public, advertise in radio and
newspapers and on social networking sites.

5. Risks

No matter how positive a business personnel is towards their business there is

always a thought in their minds that what if the business fails whether the
information about the company has reached to the customers or not, what if the
team or the execution of the business fails, what if some other company copies
my business and succeeds, what if due to financial constraints the business fails to
operate productively, and the major risk is what will I do if my business plan fails.

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QUESTION 4

SWOT Analysis of University of Fiji

Features 1. The university made arrangements so that students could have
access to Moodle online without having data to access learning
resources like notes and presentations.
2. Online lecture videos were uploaded by the university lecturers.
3. Notes and power point presentation were uploaded on Moodle for
students.
4. Tutorials were given to students and students submitted them and
lecturers marked and monitored their performance.
5. Students were given the privilege of emailing any queries and ask
questions also in google meets.

Advantages 1) Online study is more convenient for students as it provides flexibility in

learning.

2) It provides students to plan their study time and allocate other activities
in the rest of the day.

3) Students who are working they are able to work and study altogether
because lecture videos are uploaded which was not done before.

4) Since students are getting studying materials online by just a click they do
not have to frequently visit libraries during covid-19.

Disadvantages 1) Students have to manage their time wisely because it takes a lot of time
to finish projects.

2) Some students do not have access to internet and therefore have to

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 arrange for it.

3) Sometimes there is a time limit given to upload assignments and

suddenly the power connection goes out. Thus, students are not able to
upload assignments on time.

4) Though lecture videos are provided but a handful students are not able to
get the concepts especially subjects like IT programming.

QUESTION 5

SWOT Analysis of University of Fiji

Strengths 1) The university of Fiji is able to advertise about its faculty to a wide range
of audience which is mostly students.

2) IT is a well reputed university both internally and externally.

3) It offers many recognized programs and have a high percentage of

successful graduates in the past and currently also.

4) It has highly qualified lecturers for teaching students and a dynamic and
diverse student association to guide students.

Weakness 1) Due to lack of resources like other universities, it loses a lot of students
who choose other universities to pursue their further education.

2) Although it is well reputed internally and externally its identity is not well
known and it lacks ability to hire and retain faculty.

3) They are still adjusting to pressures of growth.

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 4) There are limited resources for faculty and staff and also there is high
level of competitiveness in the economy.

Opportunities 1) Growing demand of graduates and increased value for completing

tertiary education.

2) New projects are being planned for future operations.

3) The partnerships are in favor of the university's initiatives.

4) It has growth potential and diversity of region takes place.

Threats 1) Budget and financial crises.

2) New university is opened in the same region which is well established

and well-known attracting students to their faculty.

3) Requires to absorb a lot of resources reportedly.

4) Responsiveness to program and student scheduling demands (working

students).

REFERENCES

Students may expand the following table by adding additional space for columns.

QUESTION 1

11 examples of financial control Available At https://simplicable.com/new/financial-

controls Accessed on 20th May 2020.

QUESTION 2

Product life cycle strategies Available At

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https://www.nibusinessinfo.co.uk/content/product-life-cycle-strategies Accessed on 20th
May 2020.

QUESTION 3

Types of houses Available At https://www.myenglishteacher.eu/blog/house-types/

Accessed on 20th May 2020.

QUESTION 4

Distance learning solutions Available at

https://en.unesco.org/covid19/educationresponse/solutions Accessed on 20th May 2020.

QUESTION 5

Swot-analysis available at
https://www.csustan.edu/sites/default/files/StrategicPlanning/documents/SW
OT-Analysis.pdf accessed on 20th May 2020.

THE END

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