Exam (elaborations)
MNB2601 EXAM PACK 2023
- Institution
- University Of South Africa
QUESTIONS AND ANSWERS
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MNB2601EXAM PACK
2023
QUESTIONS WITH ANSWERS
, MNB2601/201/2/2020
Dear Student
1 INTRODUCTION
This tutorial letter provides feedback on the answers to the multiple-choice questions of Assignment
01 for Semester 2 of 2020. The 20 multiple-choice questions covered the content of the prescribed
book and study guide. You are urged to study this feedback together with the corresponding
references in the prescribed book and study guide. If youhave any queries, please contact us.
2 COMMENTS ON ASSIGNMENT 01
Below we provide the correct answer for each question in Assignment 01 and refer you to the relevant
section in the prescribed book or study guide to justify the correct option for each
question.
3 SOLUTIONS TO ASSIGNMENT 01
Question 1
The six development phases in the evolution of management theory that have led to the
development of Business Management by Portfolio are the (i) ; (ii) ; (iii) (iv)
; (v) and (vi) theories of management.
1. (i) contingency; (ii) behavioural; (iii) quality; (iv) quantitative (v) systems; (vi); classical
2. (i) classical; (ii) behavioural; (iii) quantitative; (iv) quality; (v) contingency; (vi) systems
3. (i) classical; (ii) behavioural; (iii) quality; (iv) quantitative (v) systems; (vi) contingency
4. (i) classical; (ii) behavioural; (iii) quantitative; (iv) quality; (v) systems; (vi) contingency
The correct answer is Option 4.
Refer to section 1.1 of the prescribed book which gives an overview of the six development phases
in the evolution of the management theory. They preceded the seventh phase called business
management by portfolio. You need to have a good understanding of the six phases which are
the:
classical approach to management
behavioural approach to management
quantitative management theory
quality movement
systems approach to management
contingency theory
business management by portfolio, the most recent one
3
, MNB2601/201/2/2020
Questions 2 and 3
Obeng developed a model for project classification. In Column A, two of the quadrants in this model
are stated and in Column B, an explanation of each quadrant is given. Matchthe quadrant in Column
A with its explanation in Column B.
Column A Column B
Quadrant in Obeng’s Explanation
model
2. Movie 1. Projects in this quadrant have a high degree of certainty in terms
of their outcome and t h e y are executed by an organisation
with mature business processes and tools.
3. Quest 2. Projects in this quadrant have a certain outcome for which
business processes and tools need to be developedbefore the
project is executed.
3. Projects in this quadrant have an uncertain outcome and are
executed by an organisation with mature business processes and
tools.
4. Projects in this quadrant are characterised by an uncertain
outcome for which business processes and tools need to be
developed before the projects are executed.
Explanation 03 is the correct option for question 2. Explanation 02 is the correct option for
question 3.
Refer to section 1.2.4 of the prescribed book which outlines the Obeng model for project classification.
This model is used in mainly the application of portfolio and project management principles in an
organisation. The model indicates the maturity of the business processes on the vertical axes and the
tools implemented in the organisation.
The movie quadrant
It is associated with an organisation with mature business processes and tools, and an uncertain
outcome. This quadrant typically relates to business development strategies and provides solutions to
problems posed by the external environment.
The quest quadrant
It is characterised by certainty in terms of outcome with no business processes and tools in place.
The focus of the organisation in this quadrant is internal.
4
, MNB2601/201/2/2020
Question 4
In the context of business management by portfolio, business leadership is addressed in terms
of (i) ; (ii) and (iii) _.
1. (i) leadership styles; (ii) leadership practices, (iii) leadership perspectives
2. (i) leadership profiles; (ii) leadership styles; (iii) leadership practices
3. (i) leadership practices; (ii) leadership perspectives; (iii) management perspectives
4. (i) leadership styles; (ii) leadership profiles; (iii) leadership perspectives
The correct answer is Option 2.
Refer to section 2.2 of the prescribed textbook which deals with business leadership.
The simple definition of business management by portfolio is that:
to lead, a leader needs followers
a leader sets the direction and pace of movement for his followers
a leader is not necessarily an individual; it can be a group, a project team, a business or even
a country
According to business management by portfolio, business leadership is addressed in terms of
leadership profiles, leadership styles and leadership practices.
Question 5
An individual’s ability to perceive, understand, manage, and use emotions to facilitate thinking is
illustrated by the model.
1. Bar-On
2. Kurt Lewin
3. Mayer-Salovey
4. Goleman
The correct answer is Option 3.
Refer to section 2.2.1 of the prescribed textbook and the subtopic “Emotional profile”, which is about
individuals’ ability to recognise their own and other people’s emotions.
The Mayer-Salovey model is one of three major intelligence models in the Encyclopedia of Applied
Psychology. It explains an individual’s ability to perceive, understand, manage and use emotions to
facilitate thinking.
Note that emotional intelligence is a key skill for business leaders, especially when they deal with
people under pressure or in stressful or uncomfortable situations.
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