IJMB Business Management 102 Past Questions 2011; This IJMB Business Management 102 past question is suitable for students about to sit for the upcoming IJMB EXAMINATION. Students should be informed that IJMB is an advanced-level program that helps students secure admission into the university of their choice without JAMB.
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IJMB Business Management 102 Past Questions 2011
INTERIM JOINT MATRICULATION BOARD EXAMINATION 2011
SUBJECT: BUSINESS MANAGEMENT PAPER II
DATE SCHEDULED: WEDNESDAY 22nd JUNE, 2011
TIME ALLOWED: THREE HOURS (3 HRS)
INSTRUCTION: Answer (5) questions only.
1. (a) What do you understand by sole proprietorship?
(b) Describe its main features.
(c) Enumerate the merits and demerits of a sole proprietorship.
2. The director of a company has decided to expand its business with a modernized plant and machinery at an estimated cost of Twenty Million Naira (#20,000.000.00). Discuss the various ways open to the company to raise the necessary finance.
3. (a) Discuss the significance of personal selling.
(b) What are the qualities of a good salesperson?
4. (a) Define training.
(b) Explain the advantages of training to the employees and the organization..
c) Distinguish between training and education.
5. Discuss the important issues involved in making promotion, transfer, demotion, and separation decisions.
6. (a) What do you understand by budgetary control?
(b) Discuss the merits and demerits of budgetary control.
7. (a) Define marketing and distinguish it from selling.
(b) Discuss the main marketing functions and describe the importance of grading and branding.
8. (a) Clearly explain the concept and significance of management.
(b) Distinguish between management and administration.
