Reference no: EM133035452

BSBLDR803 Develop and cultivate collaborative partnerships and relationships

Part A- Multiple Choice Questions

Tick or Circle the most appropriate response

1) To improve productivity, managers should tell employees
a) To communicate only with the bosses
b) To bring new ideas and concepts
c) Not to share information with other employees
d) All of the above

2) Possible causes of poor performance might include,
a) Misunderstood instructions and directions
b) Inadequate training
c) Personal problems not directly associated with work
d) All of the above

3) As a manager how would you monitor operations,
a) Tracking progress
b) Checking compliance
c) Testing policies, procedures and systems
d) All of the above

4) When employee performance processes do not result any improvement, managers issue warnings. Warning procedure may not include,
a) Last performance appraisal
b) A written letter
c) Dismissal
d) Verbal warning

5) Which of the following regarding conflict is not correct?
a) Conflict is bad when it is mishandled
b) Conflict is necessary for change and improvement
c) Conflict is destructive
d) Conflict requires proper management

6) At different levels of organization, there should be processes to ensure that issues raised are resolved promptly or referred. They include,
a) Conducting meetings
b) Distributing newsletters
c) Participating in planned organizational activities
d) All of the above.

7) Information collected needs to be arranged in a suitable format for:
a) Analysis , Interpretation and Dissemination
b) Recording,Interpretation and Dissemination
c) Recording and Dissemination
d) All of the above

8) Sara joins an Australian organization as Occupational health and safety trainer. Her manager advised that the learner group is culturally diverse and majority of them were born overseas. Identify the factor/s that Sara needs to consider,
a) Knowing the audience
b) Sharing the information or instructions that they understand
c) Use easy English and better to avoid terminologies and phrases
d) All of the above

9) Employee motivation is highly important for every organization due to the benefits it's able to bring. Benefits include,

a) Facilitate workers reaching their personal and work goals
b) Greater employee satisfaction
c) Employees can go extra mile if requested
d) All of the above

10) Ensure that computer systems and software programs are used properly
a) Establish libraries of information
b) Set up and maintain filing systems such as filing cabinets
c) All of the Above
d) None of the above

11) Which of the following is NOT a strategic alliance?
a) Joint marketing campaign
b) Cooperative product development
c) Joint venture
d) Merger

12) An alliance between a supplier and a buyer that agree to use and share skills and capabilities in the supply chain, is called:
a) Diversification alliance
b) Shared supply alliance
c) Complementary alliance
d) Vertical integration alliance

13) What is "strategic control"?
a) Control over the production process within an organization, in the sense of determining how the employees of an organization perform their work.
b) The process by which one entity influences, to varying degrees, the behaviour and output of another entity through informal mechanisms.
c) Control over the means and methods on which the whole conduct of an organization depends.
d) Control over the production process within an organization, in the sense of determining how informal practices are performed.

14) If a relationship is important to you and you just want to "hide" your dissatisfaction, you may choose this conflict management style:
a. accommodating
b. withdrawal
c. compromising
d. collaborating
15) The following guidelines can be helpful to initiate a collaborative conflict conversation EXCEPT:
a. State ownership of the conflict.
b. Mentally rehearse what you will say.
c. Take as much time as you need to give your side.
d. Do not blame or ascribe motives.

PART B - Short answer questions:

Question 1. What is the difference between a strategic alliance and long-term agreement with respect to supplier?Give the example of alliance and show how you would measure its performance?

Question 2. Briefly explain integrated stakeholder engagement and its advantages.How to create an effective engagement strategy for partner or a stakeholder?

Question 3. What is collaboration? Explain Digital workplace with example and its benefits.

Question 4. What is the organisation culture? What must strategic leaders do to develop and sustain an effective organisation culture?

Question 5. What help do you need from the organisation to develop your skills, knowledge and capabilities in support of your career plans?

Question 6. Explain genuine shared vision and set of goals across the partnership?To whom will the partnership report? Is there a process to report on progress?

Question 7. List down the various types of resources that you may be required to allocate to your partnership program plan.

Question 8. What are various range of information that needs to be identified while forming partnerships using collaborative and consultative processes.

Question 9. List down various indicators and feedback processes that can be used to evaluate the health of the work environment.

Question 10. List down various principles that need to be ensured while organising and allocating work activities in a cost effective and equitable manner with clear, quantifiable and agreed performance standards.

BSBFIM801 Manage financial resources

PART A - Short answer questions:

Question 1. Why do organisations expect their managers to act with integrity in financial dealings at all times? Express your view on this with reference to‘financial probity and ethics'.

Question 2. Unsatisfactory performance results failure in reaching and achieving the goal of a business organizations. Identify five corrective actions that management need to take to ensure the situation is rectified.

Question 3. Explain why financial records for previous years could be important to keep in business organization. Identify what are the basic financial records that the Corporations Act 2001 may require a company to maintain?

Question 4. The Privacy Act 1988(Clth) deals with the responsibility that organizations have in relation to the security and confidentiality of customer's personal information. Describe the privacy principles that need to be followed by private sector organizations.

Question 5. Maintaining an audit trail will often help to identify discrepancies in the system. Identify key reasons behind the discrepancies between agreed and actual allocations of funds and resources.

Question 6. An organisation analyse the performance reports in order to take corrective action when required. Identify various methods used by an organisation for analysing reports with examples.

Question 7. List the various statutory functions of the Australian Securities and Investments Commission Act 2001.

Question 8. What procedure should you recommend reviewing financial risk management activities of the place where you work.

Question 9. What are the factors that are impacting deviation form an organizational budget? What adverse effects are happening for these budget deviations?

Question 10. What are the steps in developing action plans to remedy significant deviations from budget objectives and projections.

Part B- Calculation

1.ABC Corporation has sales for the period of $3500,000 with a cost of goods sold of $900,000 and administration costs of $400,000.
The depreciation charge is $400,000 and the interest paid is $500,000.
Calculate:
a. Cash Flow
b. Gross Profit
c. Net Profit
d. Operating Profit
e. Profitability Ratios

2. After completion of a meeting with each of the department managers for Roberto and sons, the below various results about the 2018 were extracted:

Financial Planning
Fees are earned from 1450 clients paying on average,$750 per annum
Department manager is paid a $141720 wage that is charged directly to the department.
Each of the three client liaison officers are paid $77450 per annum

Business Acquisition
Fees earned from 20 acquisitions paying on average $ 42000 per acquisition.
Department manager is paid a $145000 wage that is charged directly to the department.
The business brokers are paid 20% commission on fees earned.

Book Keeping Services
Fees earned from 359 clients paying on an average$200 per months.
Department manager is paid a $141720 wage that is charged directly to the department.
Direct wages for the department is made up of the business brokers being paid 25% commission on fees earned.

Required: Calculate the Departmental Revenue and Profit.

3. Below is the extract of financial information from ABC Manufacturing Pty Ltd for the year 2018.

Required: Prepare Cash Flow Statement for ABC Manufacturing Pty Ltd using the Direct Method.

Attachment:- Manage_financial_resources.rar