Question 1 (Total 25 Marks) a. A manager plays an essential role in the growth and development of the organization. Discuss all SIX (6) elements a manager should consider illustrating effective management in an organization. (18 marks) b. The manager of Manufacturing products is contemplating the purchase of new technology will cost RM 278 000 and has a useful life of five years. The technology will yield (year-end) cost reductions of RM 45 000 in year 1, RM 52 000 in year 2, RM 58 000 in year 3, and RM 64 000 in years 4 and 5. What is the present value of the cost savings of the technology if the interest rate is 6 per cent? Should the manager purchase the technology? (7 marks)