ICM-UK Business Management & Administration Questions

The ICM-UK Business Management & Administration Questions are sampled likely examination questions for students who are preparing for the ICM-UK professional qualification

COURSE: BUSINESS MANAGEMENT & ADMINISTRATION

Instructions to candidates: a) Time allowed: 2HRS

A student preparing for any of the ICM-UK Series and is expected to write the Business Management and Administration course should answer all these questions as part of the preparation.

READ: Mastering the ICM-UK Professional Exam: Your Guide to Success

QUESTION 1:
[a] Differentiate between risk, risk management.
[b] Outline any five things you will do/ put in place to help deal with physical risk in your organization.
[c] What is the difference between personal risk and technical risk?

QUESTION 2:
[a] Explain internal business risk and give examples to support it.
[b] PEST is the acronym for a type of risk faced by businesses. Identify and explain this type of risk and explain PEST with examples to support it.

QUESTION 3:
a. The most common form of business organization is the sole trader (sole proprietor). Using business examples explain the main advantages and disadvantages of this form of business organization.
b. You are the secretary of your company, explain the various key items on the next meeting agenda.

QUESTION 4:
[a] With the aid of diagrams, explain the following i. Planning and control ii. Line and Staff Organizations.
[b] Explain any four types of authority. In each, provide at least one instance in which they can be used.
[c] What are bureaucratic organizations? Discuss three advantages and disadvantages of it.

QUESTION 5:
[a] List and explain the traditional principles of organizations.
[b] What is production?
[c] Explain the following i. Job production ii. Batch production, iii. Material Cost iv. Labour Cost

QUESTION 6:
[a) List and explain any five clerical duties performed by office administrators.
(b) Explain any four benefits of using email instead of snail mail in business.

QUESTION 7:
Briefly explain four features of organismic organizations/structure
Differentiate between Line Organizations and Staff Organizations
Outline five principles of entrepreneurial organizations.

QUESTION 8:
Explain four roles and functions of the following departments in an organization:
(a) Marketing department
(b) Accounts department

(c) Differentiate between Letter/parcel bombs and industrial espionage.

(d) Suggest 3 practical measures that can be put in place against Letter/parcel bombs and industrial espionage

QUESTION 9:
[a] Differentiate between Business Administration, Executive, and Non-Executive Directors.

[c] Explain any three share options opened to a would-be shareholder in a public limited liability company
[b] List the Six functions of management according to Henry Fayol

[c] Briefly explain any three functions performed under the Six functions of management according to Henry Fayol.

We challenge students across the globe who are preparing for the ICM-UK Business Management & Administration exam paper to attempt these questions. Explain all facts in detail and site relevant examples to support them.

Good luck to all students as you practice with our set of questions