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Fin621 Fin Statement Analysis GDB No. 1 solution

Saturday, October 22, 2011 Posted In Edit This
Semester “FALL 2011”
“Financial Statement Analysis (FIN 621)”
This is to inform that Graded Discussion Board (GDB) has been opened according to the following schedule

Schedule
Opening Date
October 21, 2011


Closing Date and Time
October 26, 2011 At 11:59 P.M. (Mid-Night)

Note: No extra or bonus/grace period is available for attempting GBD.

Discussion Question
“Mr. Jahanzaib has set up a new sole proprietorship business one year ago. At the end of the financial year, he has to prepare financial statements of the business. In the last month of the closing year, he had an offer to sell the freehold land for Rs. 600,000/- which was previously purchased for Rs. 400,000/-. Mr. Jahanzaib had reported the land in his balance sheet at Rs. 600,000/- considering the offered value. Required:Do you think that Mr. Jahanzaib has rightly reported the land’s value in the Balance Sheet? Justify your answer in the light of accounting principle(s) discussed in the video lectures. You are only required to mention the name of applied principle(s). 

Details are not required.” Note: Your comments should not be more than 40 words.

Instructions:
Read the following instructions before giving your comments on GDB:

Use the font style “Times New Roman” and font size “12”.

Your answer should be relevant to the topic i.e. clear and concise.

Do not copy or exchange your answer with other students. Two identical / copied comments will be markedZero (0) and may damage your grade in the course.

Books, websites and other reading material may be consulted before posting your comments but copying or reproducing the text from books, websites and other reading materials is strictly prohibited. Such comments will be marked as Zero (0).

Obnoxious or ignoble answer should be strictly avoided.


SOLUTION:



Cost Principle
From an accountant's point of view, the term "cost" refers to the amount spent
(cash or the cash equivalent) when an item was originally obtained, whether that purchase happened last year or thirty years ago. For this reason, the amounts shown on financial statements are referred to as historical cost amounts.


Because of this accounting principle asset amounts are not adjusted upward for inflation. In fact, as a general rule, asset amounts are not adjusted to reflect any type of increase in value. Hence, an asset amount does not reflect the amount of money a company would receive if it were to sell the asset at today's market value. (An exception is certain investments in stocks and bonds that are actively traded on a stock exchange.) If you want to know the current value of a company's long-term assets, you will not get this information from a company's financial statements - you need to look elsewhere, perhaps to a third-party appraiser.


:::::::::::::::::::::::::::::::



Effect of Cost Principle and Monetary Unit Assumption:


The amounts reported in the asset accounts and on the balance sheet reflect actual costs recorded at the time of a transaction. For example, let's say a company acquires 40 acres of land in the year 1950 at a cost of $20,000. Then, in 1990, it pays $400,000 for an adjacent 40-acre parcel. The company's Land account will show a balance of $420,000 ($20,000 for the first parcel plus $400,000 for the second parcel.). This account balance of $420,000 will appear on today's balance sheet even though these parcels of land have appreciated to a current market value of $3,000,000. 


There are two guidelines that oblige the accountant to report $420,000 on the balance sheet rather than the current market value of $3,000,000: (1) the cost principle directs the accountant to report the company's assets at their original historical cost, and (2) the monetary unit assumption directs the accountant to
presume the U.S. dollar is stable over time—it is not affected by inflation or deflation. In effect, the accountant is assuming that a 1950 dollar, a 1990 dollar, and a 2011 dollar all have the same purchasing power.
:::::::::::::::::::::::::::::::::::



Cost Principle
From an accountant's point of view, the term "cost" refers to the amount spent (cash or the cash equivalent) when an item was originally obtained, whether that purchase happened last year or thirty years ago. For this reason, the amounts shown on financial statements are referred to as historical cost amounts. Because of this accounting principle asset amounts are not adjusted upward for inflation. In fact, as a general rule, asset amounts are not adjusted to reflectany type of increase in value. Hence, an asset amount does not reflect the amount of money a company would receive if it were to sell the asset at today's market value. (An exception is certain investments in stocks and bonds that are actively traded on a stock exchange.) If you want to know the current value of a company's long-term assets, you will not get this information from a company's financial statements—you need to look elsewhere, perhaps to a third-party appraiser.

Mgt501 Assignment No. 1 solution

Saturday, October 22, 2011 Posted In Edit This

"Human Resource Management(MGT501)"

Assignment No. 01 Marks: 20

Schedule:
Opening Date and Time
Oct 21, 2011 At 12:01 A.M. (Mid-Night)

Due Date and Time
Oct 28, 2011 At 11:59 P.M. (Mid-Night



SCENARIO
Two companies ABC and XYZ, in FMCG business, are recently cited in "Working Mother Magazine" as the best companies for women to work. Each company provides special packages to its employees that benefit working mothers. The ABC Company offers all of its employees time off from work for family matters. And the XYZ Company offers its employees Rs.15, 000 in Education/Medical for their children along with salary.

While sharing the views at a press conference the directors of winning companies said, "three decades ago, in our organizations the employees were predominately males but today the work force is not that homogeneous. It comprises of more females than males which made us realized that the way we have treated workers with children in the past and the benefits we offered them, may no longer meet their current needs. Family life is important to our workers and, in many cases, will win out in the decision of career versus family. That’s why we decided to be responsive to the female workforce requirements. We also believe that one way to successfully compete is to meet the worker’s individualized needs."

REQUIREMENTS:

1. Analyze the family-friendly benefits offered by both companies. Discuss with solid arguments which company’s benefits are better for the employees.

2. Suppose in both companies 50% employees are unmarried/without childreni.e. half of the employees can not avail these benefits. Is there any motivational impact on those employees who do not avail these benefits? Explain briefly.
Important Tips

1. This Assignment can be best attempted from the knowledge acquired after watching video lecture no. 1 to 9 and reading handouts as well as recommended text book).

SOLUTION:

1. Analyze the family-friendly benefits offered by both companies. Discuss with solid arguments which company’s benefits are better for the employees.




SOLUTION:-
According to these scenarios both companies are providing the best suitable packages to her employees i.e. The ABC Company offers all of its employees time off from work for family matters. Its best suitable for all employees no matter they are married or not. Whereas the XYZ Company offers its employees Rs.15, 000 in Education/Medical for their children along with salary. This facility is best suitable for Married Employees only. So generally the 1st company is providing equal opportunity to all of its employees but as compare to benefits the 2nd company is providing better opportunity.

2. Suppose in both companies 50% employees are unmarried/without children i.e. half of the employees can not avail these benefits. Is there any motivational impact on those employees who do not avail these benefits? Explain briefly.

SOLUTION:-
Employee motivation is perhaps the biggest driver of organizational performance. Ultimately any organization's key differentiator are its human assets, in other word its employees. Whereas systems, processes and infrastructures can be replicated from one company to another, human capital cannot.

An organization which is able to motivate its employees and maintain it, is able to leverage their drive and zeal in order to ensure stellar performance.

MGT603 Strategic Management - Assignment No. 1 solution

Saturday, October 22, 2011 Posted In Edit This
Semester “Fall 2011”
“Strategic Management (MGT603)”
Assignment No. 1                                            Marks:  15

Let us suppose that you are the Managing Director of “Antillia Network”, a popular TV  channels group. In a meeting of its Board of Directors, it is decided to launch a new sports  channel in Pakistan to telecast major indigenous and international sports events. As the  Managing Director of the group, you are entrusted with the responsibility of launching  this new sports channel. 

You are required to identify any seven “Key External Factors” which may influence the launching and functioning of your upcoming channel.



Important Tips
1. This Assignment  can be best attempted from the knowledge acquired after 
watching video lecture no. 01 to lecture no. 09 and reading handouts as well as  recommended text book).  
2. Video lectures can be downloaded for free from Online VU Lectures.

Schedule
Opening Date  Oct 21st, 2011
Due Date  Oct 28th, 2011

Note: Only in the case of Assignment, 24 Hrs extra / grace period after the above mentioned due date is usually  available to overcome uploading difficulties which may be faced by the students on last date.  This extra time should only be used to meet the emergencies and above mentioned due dates should always be treated as final to avoid any inconvenience.


Solution:



After you line up financing, find a suitable location, hire staff and organize a potentially successful business plan, you must turn to external factors to effectively predict your future. There are a slew of factors to take into consideration that usually are beyond your control. While you may have contingency plans in place to deal with outside influences that affect your business, sometimes the best you can do is improvise when they occur.


Economy
The global economy is one of the biggest external factors that will, at some time, affect your business. Market fluctuations based on politics, terrorism attacks, wars and currency devaluation eventually trickle down to most commercial enterprises.

Finance
Wall Street and the solvency of big banks and financial institutions may not seem to have much to do with your business, but eventually they may affect your ability to continue doing business. Interest rates, the availability of credit and consumer loans are external factors you rarely can control.

Weather
If man could control the weather, vacation resorts would know exactly when to charge the highest room rates. Storms, tornadoes, hurricanes and wildfires are outside your purview of controllable business factors. In addition to the direct impact a storm may have on your ability to open your doors at any given time, widespread weather events often carry a substantial trickle-down effect to a wide range of businesses.

Infrastructure
Zoning laws, highway construction and housing development are particularly important to retail establishments, restaurants, manufacturers and other businesses that rely on a location for success. Changes in the local infrastructure may prove either disastrous or fortuitous to your company.

Laws
State, local or federal changes in the laws can have a direct impact on your business if the service or product becomes highly regulated or outlawed. Cigarette manufacturers learned this lesson when public smoking was outlawed in many areas and smoking indoors has become practically nonexistent. Government regulations such as those that affect the environment or communication are beyond your control and could have a direct impact on your business.

Trends
While you may spend a good part of your profits on marketing in the hopes of favorably influencing trends, some are beyond your control. An increase in technology use by your customers may be built into your strategic planning, but you may not have planned for the widespread use of social media that could affect your business. Celebrities who become advocates for a cause or decide to boycott a certain business practice can start a trend that could seriously affect your business if you're on the wrong side of the trend.

Customer Base
Your target customer base may change suddenly or slowly over a period of time. The changing makeup of your neighborhood that attracts more singles or young renters can affect your business for example if you cater to a more upwardly mobile, family-oriented customer base. Cultural implications of a changing neighborhood may affect your business negatively or positively depending on your ability to meet the needs of changing demographics.

Another Solution:

Let us suppose that you are the Managing Director of “Antillia Network”, a popular TV channels group. In a meeting of its Board of Directors, it is decided to launch a new sports channel in Pakistan to telecast major indigenous and international sports events. As the Managing Director of the group, you are entrusted with the responsibility of launching this new sports channel.

You are required to identify any seven “Key External Factors” which may influence the launching and functioning of your upcoming channel.

Solution:

Key External Factors

Social – how consumers, households and communities behave and their beliefs. For instance, changes in attitude towards health, or a greater number of pensioners in a population.

Legal – the way in which legislation in society affects the business. E.g. changes in employment laws on working hours.

Economic – how the economy affects a business in terms of taxation, government spending, general demand, interest rates, exchange rates and European and global economic factors.

Political – how changes in government policy might affect the business e.g. a decision to subsidies building new houses in an area could be good for a local brick works.

Technological – how the rapid pace of change in production processes and product innovation affect a business.

Ethical – what is regarded as morally right or wrong for a business to do. For instance should it trade with countries which have a poor record on human rights

:::::::::::::::::::::

Q#1: A Shoe manufacturing company wants to transfer its manual working system into computerized basedinformation system. Suppose you are in the design team 


who is developing a technology based information system.
What factors would you consider while developing a new system? Mention at least five factors.


Solution:


7 key external factors...........????????
Racial equality
Average level of education
Government regulation
Attitudes toward customer service
Attitudes toward product quality
Energy conservation
Social responsibility
Value placed on leisure time
Recycling
Waste management
Air & water pollution
Ozone depletion
Endangered species


Waste management
Air & water pollution
Ozone depletion
Endangered species
::::::::::::::::::::::


Another Solution:



Mgt603 solution


A major responsibility of strategists is to ensure development of an effective external-audit system. This includes using information technology to devise a competitive intelligence system that works. The external audit approach described in this Lecture can be used effectively by any size or type of organization.


For this scenario, Key External Factors will be Key external Factors:


 Racial equality
 Average level of education
 Government regulation
 Energy conservation
 Social responsibility
 Value placed on leisure time
 Attitude towards product quality


Aforementioned factors can influence our new TV channel.


::Explanation::


Racial equality:
TV channel must be more vigilant towards the racial equality of the masses. As this could be the most important requirement of a TV channel


Average level of education:
Average level of Education must be taken under consideration to avoid any kind of losing your viewer


Government regulation:
Government regulation must be followed to avoid any lawlessness


Energy conservation:
Energy is the most talked issue of today’s world, so it should be conserved.


Social responsibility:
Every TV channel has a complete social responsibility and it should never be sent out of consideration


Value placed on leisure time:
Viewer must be properly entertained and given full value to his leisure time


Attitude towards product quality:
Quality of our product is of unique significance and it should never be ignored.

Important Notice related to upcoming Mid Term

Saturday, October 22, 2011 Posted In Edit This
Attention all students,


Dear student we want to tell u that now mostly papers r came from the new pattern, ok, dont look the only old paper, but also study the book. We see lot of students are only always in hunt/search of ONLY old papers and then came the exam but we tell u very clearly that this time papers are not coming form the old pattern, the pattern has completely changed now.

so care full at this time, you may prepare vu past papers as well as your handouts & also watch your online vu lectures.

Best of luck

HRM611 GDB No. 1 solution Fall 2011

Saturday, October 22, 2011 Posted In Edit This
Question:

Suppose you are working as a manager in multinational company and dealing with different working groups and teams successfully. You notice that Ahmed, one of your subordinates, performs well in team and displays his full energy for achieving goals but whenever he is assigned any task to get completed independently within specific time frame, he becomes hesitant, tries to avoid that task and becomes stressed out. Being a good mentor, what do you think why he shows such withdrawing behaviors in spite of performing well and which technique or tool you would use to control his stress and booming his potential to work independently?

Solution:

There is a lack of confidence in Mr. Ahmed so he is unable to perform well independently. Organization has certain expectation from Mr. Ahmed that he can perform better in team work so he will also completed tasks independently and all focus and concentration move towards Mr. Ahmed. Mr. Ahmed feels hesitation and loses its self confidence due to organizational demand. 

Tool used for controlling stress:

Self Awareness:

With the help of this tool Mr. Ahmed can motivate itself and booming its potential to work independently. Self Awareness basically creates awareness about you. It tells how you judge yourself like your capabilities, skills, strength, leadership qualities and your weak areas. On the basis of this analysis you can motivate yourself and accomplish tasks in a better way.

Mth601 GDB No. 1 solution

Saturday, October 22, 2011 Posted In Edit This
Idea Solution of MTH601 GDB

check the following chapter of the recommended book:

Introduction to Operations Research (7th edition)Hillier/ Lieberman

Chapter 15. Decision Analysis

Page No. 749

on the above said page, there is so nice wording and solution available, must go through and make some changes before submission.

Mgmt611 GDB No. 1 solution

Saturday, October 22, 2011 Posted In Edit This
Suppose you are working as a manager in multinational company and dealing with different working groups and teams successfully. You notice that Ahmed, one of your subordinates, performs well in team and displays his full energy for achieving goals but whenever he is assigned any task to get completed independently within specific time frame, he becomes hesitant, tries to avoid that task and becomes stressed out. Being a good mentor, what do you think why he shows such withdrawing behaviors in spite of performing well and which technique or tool you would use to control his stress and booming his potential to work independently?



IDEA SOLUTION


There is a lack of confidence in Mr. Ahmed so he is unable to perform well independently. Organization has certain expectation from Mr. Ahmed that he can perform better in team work so he will also completed tasks independently and all focus and concentration move towards Mr. Ahmed. Mr. Ahmed feels hesitation and loses its self confidence due to organizational demand.


Tool used for controlling stress:


Self Awareness:


With the help of this tool Mr. Ahmed can motivate itself and booming its potential to work independently. Self Awareness basically creates awareness about you. It tells how you judge yourself like your capabilities, skills, strength, leadership qualities and your weak areas. On the basis of this analysis you can motivate yourself and accomplish tasks in a better way.

HRM624 - Conflict Management GDB No. 1 Solution

Saturday, October 22, 2011 Posted In Edit This
Total Marks 20
Starting Date Friday, October 21, 2011
Closing Date Tuesday, October 25, 2011
Status Open

Discussion Question (GDB – 1)
Consider you are walking alongside a road where you see a fender bender. Both the drivers have developed a conflict on this issue and none of them is ready to accept his mistake. Both of them are talking about litigation and that even in a harsh tone. 

As a student of conflict management, you are well aware about the techniques of Alternate Dispute Resolution (ADR). Which technique of ADR do you think would be more suitable in this situation to resolve the matter on the spot? Discuss with solid reasons.


Idea Solution:



I suggest that meditation will be most suitable ADR technique to resolve conflict between Fender Bender because it is a voluntary and confidential process in which neutral third party help in discussing difficult issue, developing options, negotiating an agreement and formalizing agreement. According to above scenario, Fender Bender is much annoyed with each other and talk in a harsh tone so for this purpose there will be a need of mediator who helps while resolving problem. The mediator can be any person like police or any other person who play neutral rule, talk for penalty etc and helps both parties for creating their own solution.


.......
it can b mediator n may b conciliation also because thy are getting harsh so here we should use conciliation.When the parties are too angry to speak with each other, a conciliator may be all that is needed.
::::::::::::::::::::::



There is a lack of confidence in Mr. Ahmed so he is unable to perform well independently. Organization has certain expectation from Mr. Ahmed that he can perform better in team work so he will also completed tasks independently and all focus and concentration move towards Mr. Ahmed. Mr. Ahmed feels hesitation and loses its self confidence due to organizational demand.


Tool used for controlling stress:


Self Awareness:
With the help of this tool Mr. Ahmed can motivate itself and booming its potential to work independently. Self Awareness basically creates awareness about you. It tells how you judge yourself like your capabilities, skills, strength, leadership qualities and your weak areas. On the basis of this analysis you can motivate yourself and accomplish tasks in a better way.

Financial Accounting MGT101 Assignment No. 1 Solution

Saturday, October 22, 2011 Posted In Edit This
Semester “Fall 2011”
“Financial Accounting (MGT101)”
Assignment No. 01 Marks: 15
Question Number 01:
Recall the accounting equation and answer the following:

1. Total Assets of a business are Rs. 100,000/- and Total Liabilities are Rs. 40,000/-. What will be the amount of Owners’ Equity? (1 mark)

2. Total Assets of a business are Rs. 500,000/- and Owners’ Equity is Rs. 300,000/-. What will be the amount of Total Liabilities? (1 mark)

3. Total Liabilities of a business are Rs. 400,000/- and Owners’ Equity is Rs. 500,000/-. What will be the amount of Total Assets? (1 mark)

Question Number 02:

‘Waqas Rentals started a business on January 01 2011; the selected transactions related to the organization were as follows:

1- Waqas invested total capital of Rs. 1,200,000/- in the business on January 01, 2011 out of which he deposited Rs. 600,000/- in the bank account of the business

2- Purchased two cars worth Rs. 100,000/- on cash on February 01, 2011

3- Bought office furniture costing Rs.70,000/- on February 01, 2011 and made payment through cheque

4- Collected Rs. 4,000/- on accounts receivable on June 05, 2011

5- Paid accounts payable of Rs 3,200/- on July 11, 2011 by issuing cheque

6- Borrowed Rs. 10,000/- from Mr. Ali on August 01, 2011 and signed a note payable for the amount.

Required:

1- Record the Journal entries for the above transactions. (6 marks)

2- Prepare the cash account and bank account for the above given transactions (3+3)

Important Tips

1. This Assignment can be best attempted from the knowledge acquired after
watching video lecture no. 1 to lecture no 13 and reading handouts as well as
recommended text book).

2. Video lectures can be downloaded for free from vu's Channel - YouTube.

Schedule
Opening Date Oct. 21, 2011
Due Date Oct. 28, 2011

Note: Only in the case of Assignment, 24 Hrs extra / grace period after the above mentioned due date is usually available to overcome uploading difficulties which may be faced by the students on last date. This extra time should only be used to meet the emergencies and above mentioned due dates should always be treated as final to avoid any inconvenience.

Solution:

Question No. 01:
Recall the accounting equation and answer the following:

1. Total Assets of a business are Rs. 100,000/- and Total Liabilities are Rs. 40,000/-.
What will be the amount of Owners’ Equity? (1 mark)

Answer:
Owner’s Equity= Total Assests – Total Liabilities
Owner’s Equity= Rs. 100,000 – Rs. 40,000
Owner’s Equity= Rs. 60000

2. Total Assets of a business are Rs. 500,000/- and Owners’ Equity is Rs. 300,000/-.
What will be the amount of Total Liabilities? (1 mark)

Answer:
Total Liabilities= Total Assets – Owner Equity
Total Liabilities= Rs.500,000 – Rs. 300,000
Total Liabilities=Rs. 200,000

3. Total Liabilities of a business are Rs. 400,000/- and Owners’ Equity is Rs. 500,000/-
.What will be the amount of Total Assets? (1 mark)

Answer:
Total Assets= Total Liabilities + Owner Equity
Total Assets=Rs. 400,000 + Rs. 500,000
Total Assets=Rs.900, 000

Question No. 02:
Waqas Rentals started a business on January 01 2011; the selected transactions related to the organization were as follows:

Answer








Another Solution:




Organizational Behavior Mgt502 Assignment No. 1 Fall 2011 solution

Saturday, October 22, 2011 Posted In Edit This
Semester “Fall 2011”
“Organizational Behavior(Mgt502)”

Assignment No. 01 Marks: 20

Schedule:
Opening Date and Time October 24, 2011 At 12:01 A.M. (Mid-Night)
Due Date and Time October 28, 2011 At 11:59 P.M. (Mid-Night

“Attitudes at Workplace”

Mr. Asim works in a Software company “Soft Solutions”. After spending a year in the organization, he experienced that the management is biased; the promotions are mostly on the basis of personal choices and favoritism. It caused dissatisfaction to him that's why he decided to discuss this issue with the superiors. He met higher management and described all his reservations in this regard. He also suggested some improvements in the annual evaluation process and the promotion criteria. After a year, despite his hard work, best performance and punctuality; colleagues junior to him were promoted with increments and he was retained on the same position. He realized that the situation is not going to improve. So he decided to leave the Company and thus resigned.

Looking at the above scenario, answer the questions below:

Question No.1:
Which methods of expressing dissatisfaction have been used by Mr. Asim? (5+5)

Question No.2:
What are the other ways Mr. Asim could have used to express his dissatisfaction and what would have been the impact of that decision on his work related attitudes? (5+5)

Important Tips
1. This Assignment can be best attempted from the knowledge acquired after watching video lecture no. 1 to lecture no.09 and reading handouts as well as recommended text book.


Solution:



Question No.1:
Which methods of expressing dissatisfaction have been used by Mr. Asim? (5+5)


Answer:
Following Two Methods of Expressing Dissatisfaction have been used by the Mr. Asim:


1. Voice Method
Mr. Asim actively and constructively attempting to improve conditions, He met higher management and described all his reservations in this regard. He also suggested some improvements in the annual evaluation process and the promotion criteria.


2. Exit
Mr. Asim Behavior directed toward leaving the organization, and thus resigned because He realized that the situation is not going to improve.


Question No.2:
What are the other ways Mr. Asim could have used to express his dissatisfaction and what would have been the impact of that decision on his work related attitudes?


Employees respond to job dissatisfaction in one of the four ways.
1. Exit
2. Voice
3. Loyalty
4. Neglect


According to above He can use following two other ways to express his dissatisfaction:


1. Loyalty
Mr. Asim remain with the organization but response passively to his job dissatisfaction by accepting the status quo with-out raising any objections or making any suggestions for improvement but optimistically waiting for conditions to improve, including standing up for the organization in the face of external criticism/ crisis, and reposing trust in the organization


Impact of that decision


Management takes the right decisions and set things in order:


2. Neglect
Mr. Asim may remain in the organization and exhibit passive withdrawal behaviors such as putting forth less effort.


Impact of that decision
He will be promoted with increments

Mgt111 GDB No. 1 solution

Saturday, October 22, 2011 Posted In Edit This
This is just an Idea Solution please take Idea and solve your GDB for More info about GDB please see Lecture # 2 and ,5 and others related

Question:
“There is a medium range shoe producing organization where the employees are not achieving the targets as decided by the management. The Head of the organization appointed a manager to look into the situation and suggest a solution. How would the manager solve the situation if:

1) He/she follows the Classical School of thought?
2) He/she follows the Human Relations School of thought?

SOLUTION:

This is HINT only:

Scenario is given, you have to take this scenario which is:

(“There is a medium range shoe producing organization where the employees are not achieving the targets as decided by the management. The Head of the organization appointed a manager to look into the situation and suggest a solution. How would the manager solve the situation if:)

and give the Answer of given 2 questions.

Questions are:

1) He/she follows the Classical School of thought?
2) He/she follows the Human Relations School of thought?

1st Question's Answer hint:
you have to take Classical School, means the scholar of classical school who describe  the  theories  about  successful Management:

and the names are: 

Classical scientific School:
> Frederick Taylor
> Henry Gantt
> Frank and Lillian Gilbreth

Classical Administrative School:
> Max Weber 
> Henri Fayol
> Mary Parker Follett
> Chester Barnard

in 2nd Question:

you have to take scholars of Human Relation School, that what they said about Success in Management.

The Names are:
Elton Mayo, 
Chester I. Barnard and
Herbert 
Simon.

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