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BM7102 Business Decision Making

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Question:


Task 1
Planning the survey
a. Create a plan for collecting data from students across all campuses.
b. Present the survey methodology and sampling frame used
c. Design a questionnaire for collecting the data.

Task 2

Summarising and analysing the data
a. Summarise the data collected from the survey using representative values (arithmetic mean, median and mode)
b. Analyse the results of the survey and draw conclusions
c. Analyse the data using measures of dispersion
d. Explain how you can use quartiles, percentiles and the correlation coefficient to draw useful conclusions

Task 3
Presenting and reporting your findings
a. With the aid of spreadsheets produce graphs to help draw valid conclusions on the survey
b. Create trend lines in spreadsheet graphs to show the level of impact over a minimum of 3 year period (this could be based on secondary data).
c. Prepare a poster presentation in class of your findings and
d. Write a formal report for publication in the Retail Times magazine.

Task 4
Software-generated information to make business decisions
a. How do the following systems serve the various levels of management in a business? You are to describe their characteristics and the roles they play in a business
i. Transaction processing systems (TPS)
ii. Management information systems (MIS)
iii. Decision support systems (DSS)

b. A publisher has just signed a contract for the publication of a book. What is the earliest date that the book can be ready for distribution based on the following activities with time estimates:
Draw a network diagram and find the critical path.

c. Using financial tools for decision making advice a business planning on investing in a project.
The projected cashflows over 4 years are shown below:

Year

0

1

2

3

4

Cashflows

(15,000)

8,000

10,000

5,000

5,000


d. If the rate of finance at which the business can borrow is 10% calculate the NPV and advice if it is worth considering this investment.

e. Calculate the Internal Rate of Return (IRR) and explain the meaning of the result.

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