QUESTION $1$

Define the fundamental economic principle.

QUESTION $2$

$[2]$

Explain Mintzberg's Informational role of a manager.

QUESTION $3$

$[2]$

Explain the financial function in an organisation.

QUESTION $4$

$[2]$

List any two challenges that are faced by managers in the ${21}^{st}$ century.

QUESTION $5$

Briefly explain the management science $($quantitative$)$ school of management thought.

$[2]$

$[10]$