QUESTION 1 (The Engineer, User information and Communication Systems) Information is the fuel that drives organisations. It is important to generate only information that is necessary for effective decisions. Transactions must be recorded and information must be made available to decision makers in the most suitable form. Formulate ten (10) possible questions that can be used to identify the information needs of decision makers. How are the information needs of decision makers determined? These are the questions you will ask a decision maker in your company to establish the information needs of the person. [10] QUESTION 2 (TVM and Project Selection) 2.1. Mine dumps pose environmental and health hazards to the community. It is estimated that a quarry will have to spend R6,500,000.00 in 10 years' time on rehabilitation when it closes. Calculate the uniform series of equal payments that this quarry will have to make at the end of each year for a period of ten years in order to have saved up the R6,500,000 that is required for rehabilitation. An interest rate of 16% per year, compounded annually applies. {5} 2.2. ABC Ltd is evaluating two projects that are mutually exclusive with initial investments and cash flows as follows: Table 1. Project A and B ABCLtd has a required payback period of 2 years. Assess and decide considering the net cash flows in Table 1, whether the company should reject or accept either one or both of the projects. Clearly outline the reasons for your decision. {5} QUESTION 3 (Business and Technology Strategy) Vision is the brain that governs the whole organisation, not just individual components. The vision gives answers to questions such as: - Where is the organisation going? - What will it look like in the future? Managing with a vision can benefit an organisation in many different ways. Recommend five (5) benefits of a vision to your organisation. [10] Question 4 (Managing Technology and Innovation) One of the key criteria for successful product development is to source or generate as many initial ideas as possible. There are several techniques that can be used to source or generate ideas. Suggest five (5) sources of idea generation when developing a new product to your supervisor in your organisation. [10] Question 5 (Entrepreneurship) Not every idea has seeds of a profitable business opportunity. The golden rule is that a silly idea should not be discarded as folly, it might just trigger off a million-dollar idea that nobody has thought of before! Recommend five (5) possible sources of business ideas to a family member who wants to start a new business