“Strategic management and decision-making are fundamental elements in the effective operation of an organization.” Discuss this statement considering the process of strategic management and decision-making.
Avoid plagiarism, the work should be in your own words.
All answers must be typed using Times New Roman (size 12, double-spaced) font.
Use APA style for reference.
Please follow the instructions as described in the assignment.
Requirements: 750-1000
Assignment (1)
Deadline: Saturday 07/10/2023 @ 23:59
For Instructor’s Use only
Instructions – PLEASE READ THEM CAREFULLY
The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
Assignments submitted through email will not be accepted.
Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.
Students must mention question number clearly in their answer.
Late submission will NOT be accepted.
Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
All answers must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism.
Submissions without this cover page will NOT be accepted.
Assignment Question(s): (Marks 15)
Q1. “Strategic management and decision-making are fundamental elements in the effective operation of an organization.” Discuss this statement considering the process of strategic management and decision-making. Provide an example of one Saudi Company to support your answer. (3 Marks)
Note: Your answer must include a suitable example showing the process of strategic management and decision-making. (Chapter 1)
Answer:
Q2. The following details were extracted from the records of KCL Company for the year 2020:
(4 Marks)
Required:
Using the high-low analysis method, find out variable and fixed costs and determine a cost function.
Take the data for July and August and using the two-point method, find out variable and fixed costs and determine a cost function.
(Chapter 2)
Answer:
Q3. A&T Company makes a product that sells for SAR 300 per unit. The other details related to this product are as follows: (4 Marks)
Variable costs = SAR 60 per unit
Fixed costs = SAR 144,000
You are required to calculate:
Contribution margin per unit and contribution margin ratio.
Break-even point in units and sales SAR.
Pretax profit if the company sells 1200 units.
Units needed to reach target pretax profit of SAR 120,000.
Sales SAR needed to reach the target pretax profit of SAR 120,000.
The margin of safety in units for budgeted next year’s sales at 1,800 units.
The margin of safety in SAR for budgeted next year’s sales at 1,800 units.
(Chapter 3)
Answer:
Q4. a) How is job costing used in the service sector and manufacturing sector? (1 Marks)
b) Referring to the concept of job costing in the manufacturing sector, what are the journal entries a manufacturing company must record to show the flow of costs? Explain and analyze your answer by providing examples of one Saudi company that uses job costing. (3 Marks)
Note: Your answer must include a suitable example showing all the necessary journal entries.
(Chapter 5) Answer:
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