Q1. An investment company makes two types of loan: Industrial loan at 15% interest rate per year, and residential loan at 10% interest rate per year. The company can lend a maximum of Kshs. 10 million. For safety, the company has the policy of investing not more than 60% of the total amount in industrial loans and not more than 80% in residential loans. The company wishes to maximize interest income. Determine the amount that should be invested in each type of loan. Find the solution by the Simplex table method. (10 marks)
Q2. (a) What is your concept of the term “management”? Discuss (5marks)
(b) Discuss the importance of management as resource in modern society. (5marks)
Q3. Describe the basic structure of a decision model by listing the sequence of seven steps. Formulate a business problem and analyze it by applying these steps. (10 marks)
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