1. Why managers are important to organization? (15%) 2. Explain the value of studying management. (15%) 3. Describe the eight steps in the decision-making process and give your own example. (20%) 4. an enterprise intends to produce a product. According to market forecast analysis, there are three situations for future product ales: good, general and poor. There are three ways to produce this product: improve production lines, build new production lines and outsourcing production. The yield values of various schemes are given in the following table. (20%) Profit Item good sales General sales Poor sales (1) improve production lines 180 120 -40 (2) build new production lines 240 100 -80 (3) outsourcing production 100 70 16 (1) Use the Max-min method to make a decision. (2) Use the Max-max method to make a decision. (3) Use the Min-max regret value method to make a decision. 5. What is Span of Control? Take an organization you are familiar with as an example to illustrate the span of control and comment on it. (15%) Describe the four contemporary organizational designs. How are they similar? Different? 6