Summer Exam-2014Corporate Sector

Bus. Com. & Beh. Studies (07.05.2014)Duration: 3 hrs. M a r k s - 1 0 0

[Instructions] Ensure that the question paper delivered to you is the same, in which you intend to appear. Read the instructions given on the title page of Answer Script. Start each question from fresh page.

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Q.1. Write a précis of the following text. 15

Iraq ramping up Oil Exports

Is Baghdad, in coordination with Tehran, plotting an oil revolution to challengeRiyadh`s domination of crude markets? The game plan appears simple. Rising outputfrom Iraq, the possibility of a deal between Baghdad and the autonomous Kurdishregion and the prospect of Iran elbowing out of the cold, could act as a game changeras far as global energy muscle is concerned, reports Economist Intelligence Unit.

It`s draft budget anticipates average exports of 3.4 mbpd, marking a nearly 30 percent increase from 2013 export levels. Almost every second barrel of world oilproduction growth in the next two decades will come from Iraq, with the potential toprovide prosperity for all of Iraq`s 32 million people,` underlines good, old friendFatih Birol. If announcements are to be taken seriously, Iraq is determined to flood oilmarkets by tripling crude output capacity to almost 9 mbpd by 2020. And Hussain al-Shahristani, the Iraqi Deputy Prime Minister for Energy is hinting that upping theoutput is just part of Iraq`s (overall) plans leading some to hint of a possible collusionbetween Baghdad and Tehran.

Al-Shahristani told industry delegates at a Chatham House Middle East energyconference that Baghdad was working with Iran to help it attract investment ahead ofthe possible lifting of sanctions. `Iran has been in touch with us`, he told the LondonTelegraph. They want to share our contracts model and experience. Was it an obliquemessage to Opec? Jeff Selding analyzing for Voice of America says, experts believethe comments (by al-Shahristani) were actually meant to send a message to Opec.`The game here is for control of the Opec` Simon Henderson of the WashingtonInstitute for near East Policy was quoted as saying. `Baghdad and Tehran get on verywell together and they are vying against Saudi Arabia, which is the other major powerin the Gulf.

Iran`s leaders though have said little publicly so far about cooperating with Iraq onoil. Iraq can certainly boost oil production. But it is still far from certain that Baghdadcan triple its output by 2020. The current state of security and the ongoing civil strifeis just one of the many issues afflicting Iraqi output. However, even if Iraq is able toachieve its target of boosting production capacity to the projected levels, it is unlikelyto be able to put in place sufficient pipeline and port infrastructure to export theadditional crude. Iraq`s main export terminal for loading oil tankers at Al Faw nearBasra will require billions of dollars worth of improvements in addition to therefurbishment of its pipeline network. And then its ongoing tug of war with theKurdish Regional Government (KRG), also casts aspersions on Baghdad`saspirations.

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Q.2. What are the Principles of Communication? What is meant by Completeness andwhat are its advantages?

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Q.3. Your Company is experiencing “employee de-motivation” problem. Besides otherthings employee turnover has also increased. You are given a special task toinvestigate the problem and make recommendation for improvements. You mustassume necessary details including different symptoms of de-motivation.

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Q.4. Discuss Herzberg’s two factor theory of motivation in the light of an organizationalsetup.

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Q.5. How can you determine the training needs of your employees? 05

Q.6. What is meant by “7C’s” in communication? Explain “Conciseness” and discuss itsadvantages?

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Q.7. Mr. Ahmed regularly buys from you on credit. His credit purchases have reachedthe maximum limit. He has once again requested for credit purchase. Write a letterrefusing him further credit sales. You may assume all necessary details.

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Q.8. a) What is “Minutes Book”? What functions does it serve? 06

b) Differentiate between the following

i) Statutory meeting

ii) Annual General Meeting

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Q.9. Define organizational development and discuss its characteristics. 05

Q.10. What are different methods of management development programs? 07

Q.11. Write an essay on “How to make Pakistan a Tolerant Society”? 10

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