Management Answers

The Madoff investment scandal was a major case of stock and securities fraud discovered in late

2008. In December of that year, Bernie Madoff, the former NASDAQ chairman and founder of

the Wall Street firm Bernard L. Madoff Investment Securities LLC, admitted that the wealth

management arm of his business was an elaborate multi-billion-dollar Ponzi scheme.

Required:

Give a brief background to this scandal. Highlight, the structure and what caused many companies

to buy into this idea. In your analysis, include the impact of this fraud on many businesses

which of the 5 distribution channels does McCain Frozen Foods use and why is it the best option?

• Direct Sale:
• Sale through Retailer:
• Sale through Wholesaler:
• Sale through Agent:
• Intensive, Selective and Exclusive Distribution:

which of the 5 distribution channels does a street vendor or hawker use and why is it the best option?

• Direct Sale:
• Sale through Retailer:
• Sale through Wholesaler:
• Sale through Agent:
• Intensive, Selective and Exclusive Distribution:

which of the 5 distribution channels does any Volkswagen car dealership use and why is it the best option?

• Direct Sale:
• Sale through Retailer:
• Sale through Wholesaler:
• Sale through Agent:
• Intensive, Selective and Exclusive Distribution:

which of the 5 distribution channels does Pick n Pay use and justify your answer?

• Direct Sale:
• Sale through Retailer:
• Sale through Wholesaler:
• Sale through Agent:
• Intensive, Selective and Exclusive Distribution:

Which of the following statements on the design of products and services are wrong?

a.    The design of a product or service is said to “begin and end” with the customer/client

b.   The implicit advantages in the package relating to products and services are the psychological advantages

c.    Peripheral services supplement the core service

d.   The financial function is also involved in the screening process of designing products and services

e.    The preliminary design specifies the components to be included in the product or service package

i.         b,d

ii.         d,e

iii.         a,b,c,d

iv.         a,c,e

v.         None

Which of the following statements about basic layout types used in the design of operations processes are correct?

a.    The fixed position layout is used when the product cannot be shifted on account of it’s

size, shape or location

b.   The process layout is used when the different operations are arranged in consecutive order

c.    The product layout is used when similar operations are grouped together into sections

d.   The cellular layout is used when various operations processes are placed in a cell and the particular cell is then arranged according to either a process or a product layout

i.         a,d

ii.         b,c

iii.         a,b,d

iv.         a,c,d

v.         a,b,c,d