NATIONAL OPEN UNIVERSITY OF NIGERIA,
14/16 AHMADU BELLO WAY, VICTORIA ISLAND, LAGOS,
SCHOOL OF MANAGEMENT SCIENCES
MARCH, 2014 EXAMINATION
COURSE CODE: PSM 817 CREDIT UNIT: 3
COURSE TITLE: PLANNING AND DECISION MAKING
TIME ALLOWED: 21/2 HOURS
Instructions: 1. Attempt Question 1 and any other three Questions.
2. Question 1 is compulsory and carries 25 marks
While the other 3 Questions carry 15 marks each
3. Present all your points in coherent and orderly manner
Question 1
(a) What is planning and why do organizations plan?
(b) What are the characteristics of a good plan?
(c) Discuss the barriers to planning.
Question 2:
Plans can be categorised into three parts. Discuss with relevant examples.
Question 3:
(a)What is decision making?
(b) Identify and elucidate the various steps involved in decision making.
Question 4:
(a) What is budgeting?
(b) Discuss the various types of budgets you know.
Question 5
(a) What is Management by Objectives (MBO)?
(b) Discuss the advantages and disadvantages of MBO.
Question 6:
(a) What is forecasting?
(b) Discuss the various forecasting techniques available to managers or forecasters.
You can get the exam summary answers for this course from 08039407882
Check anoda sample below
