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The answer makes reference to a number of theory’s which describe the management style.
The theory most referenced is Mcgregor’s Theory X however in the Kaplan study text there is no reference to Mcgregor’s theory.
Since this theory is fundamental to answering the question why is there no information in it in the study text and should we add this theory to our revision despite Kaplan not indicating to do so?
Thanks
The syllabus does not specify a specific leadership or management style, yet some need to be known.
The real ‘sin’ of Kaplan is to have an answer not supported by the text. Either have ir in both or neither.
I think it is an easy theory to understand and apply therefore useful. Have a look at Cht 32 of our notes
Thanks for your response.
I have a further question regarding the Case Study Question for Dixon Smith Burrell.
In the answer gearing is calculated at 85% for current year and 86% for PY but there is no explanation of how gearing has been calculated in respect to assets (later in the answer).
Thanks,
Callum
I do notmhave the Kaplan Kit available. However, gearing is alculated either as
D/E or D/(D+E)
where
D = long term debt, usually including preference share capital
E = equity ie equity share capital plus reserves.
I does not matter which of the formulae you use for gearing as long as you are consistent for all years.
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