A vacancy has arisen in LMN Ltd for the position of Office Manager - Leaving Cert Business - Question 6 - 2008
Question 6
A vacancy has arisen in LMN Ltd for the position of Office Manager.
John Muldoon is the Human Resource Manager and he wants to fill this position internally.
(A... show full transcript
Worked Solution & Example Answer:A vacancy has arisen in LMN Ltd for the position of Office Manager - Leaving Cert Business - Question 6 - 2008
Step 1
Draft, using today’s date, a Memorandum (memo) from John Muldoon to all staff reminding them that the closing date for job applications is the 20th June, 2008.
96%
114 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
To: All members of staff
From: John Muldoon, Human Resource Manager
Date: 10th June 2008
Re: Vacancy for Office Manager
This is to remind you that the closing date for applications is the 20th June 2008.
Signed: John Muldoon
Step 2
Apart from memos, name three other methods of internal communication.
99%
104 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
Notice Board
Meetings
E-mail
Step 3
Identify and explain three factors that affect the choice of methods of communication in business.
96%
101 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
Cost: The budget available for communication methods may limit choices, leading to more cost-effective options being preferred.
Urgency: For time-sensitive information, faster methods like emails or verbal communication may be preferred over written memos.
Nature of message: The complexity or sensitivity of the message could dictate whether a formal written record is necessary or if informal communication suffices.
Step 4
Outline two advantages for LMN Ltd of recruiting internally.
98%
120 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
Motivation: Employees see that hard work and commitment can be rewarded by promotion, enhancing morale.
Knowledge: Existing employees already understand the company culture, reducing onboarding time and resources.
Step 5
Explain the following terms: (i) Stock Control.
97%
117 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
Stock Control is the process of managing inventory levels to ensure that there is enough stock on hand to meet customer demand without overstocking, which can tie up cash and lead to additional costs.
Step 6
Explain the following terms: (ii) Financial Control.
97%
121 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
Financial Control refers to the processes that ensure a business has sufficient finances to meet obligations and manage expenses. This includes budgeting, forecasting, monitoring costs, and maintaining accurate financial records.
Join the Leaving Cert students using SimpleStudy...
