UNIVERSITY OF ZIMBABWE

2016 Nov/Dec Examinations

Faculty: SCIENCE
Department: COMPUTER SCIENCE
Paper code and Title: HBS 201 BUSINESS
MANAGEMENT FOR SCIENTISTS
Duration: 2 HOURS
Examiner: MRS P HOVE
Authorized Materials: N/A
INSTRUCTIONS

1. This paper contains six questions

2. Answer ALL questions

3. Start each question on a new page

4. This paper comprises three Printed pages.

NB: DO NOT TURN OVER THE QUESTION PAPER OR COMMENCE WRITING UNTIL
INSTRUCTED TO DO SO.

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1. Why is quality management important to the success of the organization (10 reasons)?
(15 marks)

2. Briefly describe five methods that can be used to set the price of a product. (10 marks)

3. Column 1 is a list of economic terms and column 2 is a list of possible explanations for
these economic terms. (One explanation does not refer to any of these economic terms)

Column 1 Terms Column 2 Explanations

1. Exchange rate A. The increase in value of goods

and services produced in an
economy from one year to the
next

2. Interest rate B. Is measured by the consumer

price index (CPI)

3. Taxation C. Is measured by the live register

4. Economic growth D. Can be progressive or

regressive

5. Inflation E. The price of one currency

expressed in terms of another
currency

F. The cost of borrowing money

Write the same table and match the term to the explanation (10 marks)

4. Illustrate your understanding of the following terms in relation to a valid contract

a. Acceptance (5marks)

b. legality of form (5marks)

c. Mora debitoris (5marks)

d. Invitation to treat (5marks)

e. Contractual capacity (5marks)

5. Companies in Zimbabwe use a variety of recruitment and selection methods for

engaging staff. Describe five various forms of such recruitment and selection methods.
(15 marks)

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6. Trial balance for Peter as at 31 December 2012 was as follows.

 Debit Credit

$ $

Capital account at 1 January 2012 136 000

Inventory at 1 January 2012 28 500

Purchases 330 000

Sales 655 500

Wages 97 500

Rent 18 500

Light and heat 4 750

Premises 200 000

Office equipment 25 000

Bank balance 26 500

Trade receivable 75 000

Trade receivables payable 40 000

Drawings 24 000

Insurance 1 750

----------- ------------

831 500 831 500

The inventory held at 31st December 2012 was valued at $38 000

Required

a. Prepare the income statement for the year ended 31 December 2012 (13 marks)

b. Prepare the balance sheet as at 31st December 2012 (12 marks)

END OF EXAMINATION

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