MBA 1 SEM Management Information System Version 2

Q1. Define MIS? What are the objectives and characteristics of MIS?
Q2. Write a detailed note on the planning and development of Management Information Systems.
Q3. Explain the different components of MIS.
Q4. Explain the different components of MIS.
Q5. Explain with relevant example the concept of business process. Also mention their elements.
Q6. What do you understand by Management information systems.
Q7. Explain in detail the necessity and importance of Systems Design in MIS.
Q8. Explain various Organizational limits to Relational Decision Making in MIS.

Case Study:

Overhauling the Information Systems Environment
Multibase Company Limited is a diversified business group with interests in fabric and yarn manufacturing, paper and pulp, and cement. Its manufacturing units are located across the country and number eight- one for fabric, two for yarn, two for paper and pulp, and three for cement. While the head of each unit has considerable operational autonomy, strategic decisions considering these units, such as capacity expansion, procurement of new technology involving substantial investment, etc., are made at the headquarters, located in Delhi. The
headquarters monitor the performance of every unit though weekly and monthly reports are which are prepared by CBIS installed at each unit.
Often considerable amount of time of the senior executives based at the headquarters is taken away in analyzing these reports and drawing inferences for planning and control. The result is that the senior executives have little time for strategic thinking which they feel is a must in the present competitive environment. The CEO of the company has thus proposed to develop suitable computer based systems which might be helpful in understanding the current status of various manufacturing units in terms of their overall performance, the type of environmental constraints that operate in the three business that exist for enhancing capacity in these business areas.
Questions:
a. What systems would you propose that would serve the company’s needs?

b. Considering that the company already has CBIS installed, will you contemplate complete overhaul of the systems or add functionalities of the existing systems? Justify your line of action.
c. Justify the requirement of a Chief Information Officer (CIO) in the context of the given case.
MCQ
1. _________ is an organized portfolio of formal systems for obtaining processing and delivering information in support of the business operations and management of an organization.
2. ________ are formal social units devoted to the attainment of specific goals.
3. The cost of information can be _______.
4. ________ technology include computers hardware, software, database management systems and data communication system.
5. Mass production of computers started in ________, when UNIVAC 1 was delivered.
6. ________ can occur at the individual, group, organizational or extra-organizational level.
7. ________ ensuring that performance meets established standards that worker’s activities occurs as planned and that the organization process.
8. ________ is the process of recording, classifying and summarizing the financial activities of an organization.
9. Human and computers are _______ in their ability to filter and save information.
10. EDI is an example of _________.
11. Telecommunications means multiple computer interconnected into networks is called
12. Newspaper, magazine, radio, television are example of _________.
13. _______ is a feature provided for ensuring that the transaction is completed with regards to the business rules set by the management.
14. The architecture of the MIS plan provides:
15. MRS stands for _______.
16. Management, science, also known as _________, is a field of applied mathematics.
17. 21. EIS should offer the capability to _____________into the data.
18. Michael hammer defines re-engineer as _______ and radical redesign of business process to achieve the performance such as cost, quality, service and speed.
19.The business re-engineering requires a major change in the _________.
20. The components of DSS
21. ______ managers who acts as project managers might be responsible for one or more unique protects and _______ managers supervise teams of workers who must accomplish a specific goal.
22. refers to taking actions that direct and motivate employees to accomplish personal and organizational goals.
22. _______ establishing a formal reporting structure and a system of accountability among workers.
23. Operations can encompass ________.
24. Decision making is a _______ activity.
25. A ______ is the actual system that a manager works with during the decision process.
26. ______ processing with electronic scanners involves transforming and entering the data into an electronic form.
27.________ systems help to a analyze historical and current data either on demand or periodically.
28. ____________is the management of raw materials, partially completed goods service.
29.The ______ system deals with the planning and use of resources used in the business
manufacturing capacity and _______.
30. The enterprise resource planning solution structure is built in three layers ______, ________ &
________.
31. A decision support system has a more customized orientation than a _________.
32. _______ is a collection of capabilities that support the decision making process of a individual or a small group of a individual or a small group of people.

33. Match the following –
1. Software a. Provide the instructions, in the form of computer code for processing data electronically
2. Hardware b. Offers a vehicle for storing and supporting the processing of large quantities of no scientific information
3. Database c. Refers to the equipment used to in electronic information processing
4. Data communication d. The communication of information across short and long distances
34. Match making –
1. Financial accounting a. Deals with preparing information for users outside the organization
2. Managerial accounting b. Refers to the provision of financial information that managers within the organization need for their decision-making
35. In a global market, a variety of strategies may be adopted in an organization including –
a. Multinational
b. Global
c. International or transnational corporation
d. All of the above

a. ERP 1. Enterprise resource planning systems
b. DMS 2. Communication management system
c. CMS 3. Document management system
d. AMS 4. Attendance management system

36. Ascertaining the information is classification could be –
a. Organizational
b. Functional
c. Knowledge and operational
d. All of the above

37. The ______ information as the information required by a number of personal, departments and divisions or the functions in the organization.
38. The ________ information required by the functional head in conducting the administration and management of the function.
39. ________ information required by the middle and top management.
40. ________ information shows the trend of the activity or a result against the time scale.

41. ______ development of DSS relies on the creation of a prototype and its progressive refinement.
42. Different type of informated needed for a changing environment.

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Information Technology Version 2

Q1. What do understand by electronic data interchange along with its advantage and disadvantage? Also discuss the components of EDI system.
Q2. What are the various security threats that computer organization are facing today and why providing security is necessary? What is the advantage of using fire wall?
Q3. What is meant by Network topology along with different network models?
Q4. What do you mean by DBMS along with the facilities available? Also mention the role of database administrator.
Q5. What do you understand by classification of computers? Describe with example.
Q6. Show with reference block diagram the various components of a computer systems in detail.
Q7. Explain the concept behind Batch processing and transaction processing system.
Q8. Explain information system? Discuss various information systems available in any organization.

Case study
Advance Computers India Ltd. is a Civil Consulting Company based in Denver. The company is engaged in providing design consultancy for construction of residential apartments all over U.S.A and Europe. In order to have higher profit, the CEO of the company has set up various offices across various cities of India and has staff strength of around 500 people working these offices. They are working five days a week. The Overseas offices comprise of around 35 people and they coordinate with various clients for getting the jobs, passing the jobs to their Indian counterparts, getting the designs done and passing back the design solutions to the clients.

The Company has progressed well since the last one year and they are getting lot of more jobs, but are finding it difficult to get the jobs done on time due to shortage of manpower.

The company is also looking for ways to reduce some of its operating costs. They have hired one consultant for the purpose and he has prepared following list of expenses. He has to suggest means to reduce some of the costs and help in better way of inter-departmental communication and managing of database.

Operations Expenses
Telephone Costs $ 150,000 per year
Employee Policy Manual $ 5.25 per manual for printing and distribution.
Employee Benefit Counseling $ 50 per hour meeting
Photocopying $ 100 per day.

Questions:
1. Looking into the type of business the company is into, what will be good solution towards reducing costs?
2. What is the best way of sending the data from U.S. and Europe to India and vice versa? Give reason. Also for Inter-data exchange mechanism, which type of internet connection should the company go?
3. What will be the most effective action plan that will help in reducing cost in photocopying?

1. Computers are also known by the name:
2. Cache Memory is:
3. What provides an interface between Hardware and user
4. RAM is known by:
5. 1 Byte equals to:
6. Computers carrying operation on data which can vary continuously and are measurable such as time, lengths, weights etc
7. A group of conducting wires or lines over which electrical signals corresponding to data and instructions are transmitted is
8. Which of the following is not a Programming Language
9. A database structures that treats files as tables is
10. Which of the following is a language
11. A processing system wherein data is gathered for a time and collected into a group before they are entered into the computer system
12. Which of the following is not property of DBMS
13. The facility which defines the conceptual scheme and also gives some details about how to implement this scheme in the physical devices is called
14. Users who interact with the system by writing database application like computer aided design system are called
15. Groups of specially wrapped and insulated wire lines that are able to transmit data at high rates
16. Which of the following is not a type of computer network
17. Which of the following is a DBMS
18. Web Browser is a
19. Which of the following is not a device used in LAN
20. Which of the following is not a domain name
21. To install multimedia facility into a computer, one does not essentially need
22. Malicious programs that damages your computer is called
23. What is the name of the screen symbol that shows the placement of the next character
24. Which of the following is not an impact device
25. Which of the following file formats is used for art work
26. A system which involves the digitization of telephone network so that voice, data, text, music etc. can be provided to end users from single end-user terminals
27. The two kinds of main memory are
28. Data Elements of related type are grouped into
29. A command that lets you change one or more fields in a record is
30. Which of the following is not a search engine
31. The floppy discs comes in two sizes they are
32. Which of the following topology is least affected by addition or removal of a node
33. A host on the internet finds another host by its
34. Which of the following browser is not free
35. Which of the following is not the main component of EDI system
36. Which of the following is essentially not a pre-requisite of E-commerce
37. What is the method of safeguard used for the safeguarding highly confidential information such as Corporate data or credit card information is being transmitted across the Internet
38. What is the full form of HTML
39. URL stands for
40. Multimedia S/W used for video editing is

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Information Technology Version 2

Information Technology Version 2

Q1. What do understand by electronic data interchange along with its advantage and disadvantage? Also discuss the components of EDI system.
Q2. What are the various security threats that computer organization are facing today and why providing security is necessary? What is the advantage of using fire wall?
Q3. What is meant by Network topology along with different network models?
Q4. What do you mean by DBMS along with the facilities available? Also mention the role of database administrator.
Q5. What do you understand by classification of computers? Describe with example.
Q6. Show with reference block diagram the various components of a computer systems in detail.
Q7. Explain the concept behind Batch processing and transaction processing system.
Q8. Explain information system? Discuss various information systems available in any organization.

Case study
Advance Computers India Ltd. is a Civil Consulting Company based in Denver. The company is engaged in providing design consultancy for construction of residential apartments all over U.S.A and Europe. In order to have higher profit, the CEO of the company has set up various offices across various cities of India and has staff strength of around 500 people working these offices. They are working five days a week. The Overseas offices comprise of around 35 people and they coordinate with various clients for getting the jobs, passing the jobs to their Indian counterparts, getting the designs done and passing back the design solutions to the clients.

The Company has progressed well since the last one year and they are getting lot of more jobs, but are finding it difficult to get the jobs done on time due to shortage of manpower.

The company is also looking for ways to reduce some of its operating costs. They have hired one consultant for the purpose and he has prepared following list of expenses. He has to suggest means to reduce some of the costs and help in better way of inter-departmental communication and managing of database.

Operations Expenses
Telephone Costs $ 150,000 per year
Employee Policy Manual $ 5.25 per manual for printing and distribution.
Employee Benefit Counseling $ 50 per hour meeting
Photocopying $ 100 per day.

Questions:
1. Looking into the type of business the company is into, what will be good solution towards reducing costs?
2. What is the best way of sending the data from U.S. and Europe to India and vice versa? Give reason. Also for Inter-data exchange mechanism, which type of internet connection should the company go?
3. What will be the most effective action plan that will help in reducing cost in photocopying?
MCQ are also available
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Organisation Behavior

Organisation Behavior

Q1. “Some people view conflict as inherently bad whereas others believe that some degree of conflict in organizations is desirable” Which view do you subscribe to and why?
Q2. How can an understanding of transactional analysis be of value to a modern manager?
Q3 How will you determine the personality of a person? Also explain the personality traits that have relevance from the point of view of organizational behavior.
Q4“To provide optimal incentive to the people at work to achieve desired results the management must understand the prevailing level and nature of motives because without such information, it would not be possible to use suitable incentives both tangible and intangible to effectively mobilize and direct human efforts towards the attainment of organizational goals.” Elucidate the statement.
Q5What are the main characteristics or Organization Development? Do you think OD might work in the organization you are familiar with? Explain why or why not?
Q6“Stress is a dynamic condition supposed to accompany opportunities and yet is characterized by individual exhaustions and diminished organizational accomplishments.” Do you agree? Discuss
Q7Identify the leadership style of your superior under whom you have worked either in academic setting or in a work setting and analyze its impact on your work performance and satisfaction
Q8. Write notes on any three of the following.
a. Various perspectives and approaches to management theory.
b. Process of Social Learning
c. Mintzberg’s Managerial Roles
d. Sigmund Freud’s theory on personality development.
e. Barriers to effective communication

CASE STUDY
Space organization and Human Behaviors

The Records Room of the Exchange Control Department of the Welfare Cooperative Bank is a work unit manned by ten record clerks and the supervisor, Ms. Janki. Mr. Bhisnoi is the manager in charge of the Records Room (RR), a responsibility that is rather insignificant compared to his other duties. The RR serves to store the files sent by the various sections as and when customers’ applications are “disposed off” and the “case is treated as closed” and retrieve them as and when needed by the sections. Centralization of the records maintenance function and maintenance of the records at the farthest end of the ground floor of the bank and helped to present a pleasant and neat appearance of the customers and improve customer service, since the respective sections could get the files from the RR without loss of their time in searching for these in their cabinets.

Requests for stored files used to be sent generally to RR by the concerned sections every day at 10.00 AM and 3.00 PM. In case of urgent need, the clerks from the sections would request the files in person and these were always made available to them without delay. Ms. Janki was in overall in charge of supervising the staff and all paper work connected with the movement of the files. The tasks were invariably carried out smoothly and efficiently by the RR staff.

The Records room was spacious, and enclosed by walls on three sides and a strong steel wire mesh on the fourth side, facing the front side of the hall, with a door. The movement of the files was through the door. A second door on the wall on the east opened to the street and was always kept bolted from within, except when one of the staff had to use it to go out or come in form the street side. Access to the RR was limited, and a messenger boy always stood guard at the front entrance door. He would permit admission only to other messenger boys and clerks with “request challans.” None else could come in. This tight safeguard was necessary so that people could not come in anytime they wanted and remove the files themselves.

The ten record clerks worked harmoniously and helped one another whenever there was a “flood of requests” for files. At such times, they would often stay 30 minutes to an hour late in the evening or come early in the morning to organize the returned files. They took great pride in efficiently servicing the sections during the day without delays. On certain days the crew would have less work and spend their time chatting, tossing clips and rubber bands at each other, or solving crossword puzzles. People outside the RR had no direct view of what was going in there, but many envied the group for the spirit of camaraderie that prevailed in it.

The bank recently bought extra computers to speed up its ever expanding operations and reduce the cumbersome and tedious manual record keeping procedures. Since no space was initially earmarked for the incoming computers, the premises department of the bank decided to house the computer facilities in the RR area and move the Records Room to the third floor of the building, where the manager, Mr. Bhisnoi had his office. The decision to move was communicated to the RR staff, and the shifting was done during the weekend. On Monday when the RR crew reported for work, they found that the third floor office was smaller and rectangular in space in contrast to the big square room they had on the first floor. The RR was exposed in view to the other sections on the floor, and the manager, Mr. Bhisnoi, was sitting in his cabin right outside the RR. Some of the specially designed cabinets used for temporarily storing the returned files were retained by the computer division for their use, and thus, the RR also ran short of cabinets. Ms. Janki tried to get the cabinets returned and stacked against the steel mesh as before, but the director of the computer lab “requested” her to put up with the inconvenience till the new file cabinets ordered for the lab were received.

The RR clerks felt they were “exposed to the whole world” and were unhappy that they could no longer talk to each other freely, solve crossword puzzles, or operate as before without attracting the attention of those sitting outsides. To make matters worse, Mr. Bhisnoi frequently instructed Janki to make sure that the returned files were stored neatly and not thrown “all over the place”, making the area look untidy and shabby. Her complaints regarding lack of cabinets fell on deaf ears. The unique privileges the RR group once enjoyed were no more theirs to enjoy. Ms. Janki, who had always got along well with her staff who rendered efficient services to the sections, was now getting nervous and full of anxiety about her future. Her stress was heightened when Mr. Bhisnoi called her one day and said that he observed clerks throwing clips at each other and if were not able to control them, she should either resign or seek a transfer.

The RR clerks who liked Ms. Janki and did not want to cause her any trouble, thereafter pretended to be quiet and hardworking whenever thy saw Mr. Bhisnoi come out of his cabin. They hid all the returned files in a corner where nobody could notice them, even as thy continued to talk, throw clips, and solve crossword puzzles when nobody was observing them.

Ms. Janki just found, to her utter dismay, that about 300 returned files were lying in a hidden corner of the room unattended, and the requisition slips, which were hitherto promptly serviced, now lay piling up inside the clerks’ desk drawers.
Q1. What are the required and emergent behaviors of the Records room group in the old and the new setting? What were the factors influencing the emergent behaviors in both situations? What were the consequences of the emergent behaviors in each case?
Q 2 What were the norms of the group before and after the shift? How did these norms affect group cohesion and performance?
Q3 If you were Mr. Bhisnoi, what would you do now?

Assignment C
Q1. The four systems of management were provided by–
Q2. Crossed transactions are also called–
Q3. Expert Power is based on–
Q4. The tendency of a tightly knit group to bring individual thinking in line with groupthinking is called–
Q5. The developmental branch of MBO was developed by–
Q6. Job- involvement is a type of–
Q7. The concept of transactional analysis was introduced by–
Q8. The process through which a new employee is introduced to the job /organization is–
Q9. _______ theories assert that specific behavior differentiate leaders from non- leaders.
Q10. Theory Z represents the adaptation of–
Q11. Formal conflict is a type of–
Q12. Which of the following are core disciplines contributing to organizational behavior?
Q13. The horizontal system of communication is also known as–
Q14. Culture is transmitted to employees through–
Q15. The father of scientific management is–
Q16. The carrot and stick theory of motivation is related to–
Q17. The basic assumption of organizational behavior relates to–
Q18. Stereotyping refers to judging people based on–
Q19. A mechanism by which the superior & subordinate jointly set the goals and plan theactivities needed for the purpose is–
Q20. Management grid incorporates ___________ major styles of leadership.
Q21. The layers of management are technically referred to as–
Q22. The ability & power to develop new ideas is referred to as–
Q23. One of the objectives of organizational change is–
Q24. Who has (have) formulated ‘Life Cycle Theory’ of leadership–
Q25. Laswell formula of communication deals with—
Q26. Theories of Learning does not include–
Q27. The ‘Big Five’ dimensions of personality includes–
Q28. Father of administrative management is–
Q29. _________ is a unit of recognition.
Q30. Which among them is a not an element of perception?
Q31. Max Weber is associated with–
Q32. One of the sub-systems of OD is–
Q33. Resistance to change can be overcome by–
Q34. Which is positively associated with group cohesiveness?
Q35. System restructuring approach to conflict management involves–
Q36. Who has conducted the Auto kinesis experiments?
Q37. Mc. Celland’s theory of motivation does not include–
Q38. Angular & Duplex transactions are type of–
Q39. The set of techniques by which reinforcement theory is used to modify humanbehavior is–
Q40. Divergent Perceptual sets may cause–

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Quantitative Techniques In Management

Quantitative Techniques In Management

MBA Assignment A

Question 1: How has quantitative analysis changed the current scenario in the management world today?
Question 2: What are sampling techniques? Briefly explain the cluster sampling technique.
Question 3: What is the significance of Regression Analysis? How does it help a manager in the decision making process?
Question 4 Explain the following terms in detail (give examples where necessary):
(a.) Arithmetic mean
(b.) Harmonic mean (c.) Geometric mean (d.) Median
(e.) Mode
Question 5: Explain the classical approach to the probability theory. Also explain the limitation of classical definition of probability.
Question 6: Write a note on decision making in management. How one will take decision under risk and uncertainty.
Question 7: The Mumbai Cricket Club, a professional club for the cricketers, has the player who led the league in batting average for many years. Over the past ten years, Amod Kambali has achieved a mean batting average of 54.50 runs with a standard deviation of 5.5 runs. This year Amod played 25 matches and achieved an average of 48.80 runs only. Amod is negotiating his contract with the club for the next year, and the salary he will be able to obtain is highly dependent upon his ability to convince the team’s owner that his batting average this year was
not significantly worse than in the previous years. The selection committee of the club is willing to use a 0.01 significance level.
You are required to find out whether Amod’s salary will be cut next year.
Question 8. The salaries paid to the managers of a company had a mean of Rs. 20,000 with a standard deviation of Rs 3,000, W hat will be the mean and standard deviation if all the salaries are increased by
1) 10%
2) 10% of existing mean
3) Which policy would you recommend if the management does not want to have increased disparities of wages?

MBA Assignment B

Case study

Please read the case study given below and answer questions given at the end.

Kushal Arora, a second year MBA student, is doing a study of companies going public for the first time. He is curious to see whether or not there is a significant relationship between the sizes of the offering (in crores of rupees) and the price per share after the issue. The data are given below:
Question
You are required to calculate the coefficient of correlation for the above data set and comment what conclusion Kushal should draw from the sample.

MBA Assignment C

    1. A survey to collect data on the entire population is
    2. A portion of the population selected to represent the population is called
    3. Qualitative data can be graphically represented by using a(n)
    4. Fifteen percent of the students in a school of Business Administration are majoring in Economics, 20% in Finance, 35% in Management, and 30% in Accounting. The graphical device(s) which can be used to present these data is (are
    5. A histogram is
      1. The mean of a sample
        1. The median of a sample will always equal the
          1. The difference between the largest and the smallest data values is the
            1. The most frequently occurring value of a data set is called the
              1. The heights (in inches) of 25 individuals were recorded and the following statistics were calculated
                Mean = 70 range = 20
                Mode = 73 variance = 784
                Median = 74
                The coefficient of variation equals

                1. The standard deviation of a sample of 100 observations equals 64. The variance of the sample equals
                  1. Which of the following is not a measure of dispersion?
                    1. The coefficient of variation is
                      1. A numerical measure of linear association between two variables is the
                        1. The coefficient of correlation ranges between
                          1. The model developed from s ample data that has the form of
                            1. A regression analysis between sales (Y in $1000) and advertising (X in dollars) resulted in the following equation

                            The above equation implies that an

                              1. Regression analysis is a statistical procedure for developing a mathematical equation that describes how
                                1. Which of the following is not present in a time series?
                                  1. The trend component is easy to identify by using
                                    1. The forecasting method that is appropriate when the time series has no significant trend, cyclical, or seasonal effect is
                                    2. B) = 0.69, then P (B) =È If P (A) = 0.4, P (B | A) = 0.35, P (A
                                    3. B)Ç24. If P (A) = 0.5 and P (B) = 0.5, then P (A
                                    4. A probability distribution showing the probability of x successes in n trials, where the probability of success does not change from trial to trial, is termed a
                                      1. Four percent of the customers of a mortgage company default on their payments. A sample of five customers is selected. What is the probability that exactly two customers in the sample will default on their payments?
                                        1. The centre of a normal curve is
                                          1. A tabular representation of the payoffs for a decision problem is a
                                            1. A decision criterion which weights the payoff for each decision by its probability of occurrence is known as the
                                              1. The expected opportunity loss of the best decision alternative is the
                                                1. An assumption made about the value of a population parameter is called a
                                                1. The level of significance is the
                                                  1. The level of significance in hypothesis testing is the probability of
                                                    1. A soft drink filling machine, when in perfect adjustment, fills the bottles with 12 ounces of soft drink. Any over filling or under filling results in the shutdown and readjustment of the machine. To determine whether or not the machine is properly adjusted, the correct set of hypotheses is
                                                    2. Whenever all the constraints in a linear program are expressed as equalities, the linear program is said to be written in
                                                      1. If nan artificial variable is present in the ‘basic variable’ column of simplex table, then the solution is
                                                        1. The solution to a transportation problem with m – row and n – columns is feasible if number of positive allocations are
                                                          1. To find the optimal solution to a linear programming problem using the graphical method
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Management Functions & Behavior

Management Functions & Behavior

Assignment A

Question 1. How can the field of OB contribute to the effective functioning of organizations and the well being of the individual?

Question 2. How are leadership theory and styles related to employee motivation? Explain with suitable examples.

Question 3. Discuss in detail the contribution of Taylor to the development of Management thought.

Question 4. Do you think when managers make decisions they follow the decision making steps as has been conceptualized in the rational decision making model? Which steps are likely to be overlooked or given inadequate attention? What can be the possible consequences of overlooking any of the steps?

Question 5. “Participation is an excellent method for identifying differences and resolving conflicts”. Do you agree or disagree. Discuss with suitable examples.

Question 6. Why does communication break down? How can communication be improved?

Question 7. What is departmentalization? Why is it required? Discuss any one form of departmentalization.

Question 8. What do you understand by authority and power? How are they different from each other?

 

Assignment B

Case study:

Please read the case study given below and answer questions given at the end.

 

Mr. R.K. Mishra owns a small trading company in Varanasi by the name of RKM Enterprises. The company provided raw material to the manufacturers of silk sarees. The business enterprise is also engaged in supply of silk sarees and other silk garments produced by local weavers to the big stores in major cities. In addition they have substantial export orders.

 

The company is mainly a family based enterprise. Mr. R.K. Mishra is the Director and his son Ritesh is looking after finance department. The son is also assisting his father in other strategical matters. Key decisions are taken by the Director himself after occasional discussions with Ritesh. The existing employee strength is more than 200 with 15 offices spread across the country. During the last one decade of its existence, the business has grown considerably. In fact, the turnover surpassed Rupees 100 million in the year 2003-04. However, since then the business faced stiff competition from other traders. In last one year the orders that have been received have reduced substantially.

 

Rohit, younger son of the Director is holding a management degree from Banaras Hindu University. He has recently left a job with an MNC located in Mumbai and joined his father’s business to help in solving the problems. After joining, Rohit made several changes in the organization. A major restructuring drive was carried out. The authority to take several major decisions was transmitted to lower levels. Organization structure was also made flatter. Instructions were given to all managers to consult their subordinates before taking any decisions. He was determined to see that the company was professionally managed.

 

Questions:

  1. “The management of RKM Enterprises is not professional and is family based”. Analyze and comment.
  2. Analyze the changes brought in by Rohit.

 

 

Assignment C

  1. Which of the following was NOT a need proposed by David McClelland’s Theory of Needs?
  2. Managers engage in ________ to increase their power and pursue goals that favor their individual and group interests.
  3. Which of the following is NOT A motivator according to Hertzberg?
  4. Cognitive Dissonance theory has been given by
  5. The purpose of feedback in communication is
  6. Self Esteem means
  7. The Hawthorne experiment was started by:
  8. ————–is the systematic study of the ways interaction, interdependence and influence among persons affect their behavior and thoughts
  9. Psychoanalytic theory has been propounded by?
  10. MBO was first suggested by?
  11. The three levels of analysis that are studied in organizational behavior are?
  12. Which type of leaders gives complete freedom to their employees?
  13. ————refers to the ability of individuals or groups to induce or   influence the beliefs or actions of other individuals or groups?
  14. Robert Own, Charles Babbage, Henry R. Lowne , Andrew Ure and Charles Duplin contributed to the ___________school of management thought?
  15. Which of the following is not a leadership theory?
  16. Which is an advantage of decentralization?
  17. Which type of departmentation is useful only at the lowest level of organizations?
  18. Which managerial function gives attention to influencing and motivating employees to improve performance and achieve corporate objectives?
  19. The _______ refers to the delivery by one individual to another of the right to act, to make decisions, to requisition resources and to perform other tasks in order to fulfill job responsibilities
  20. In the process of communication, the translation of intended meanings into words and gestures is known as?
  21. The establishment of a distinct area, unit of subsystem of an organization over which a
  22. Which of the following processes shows how an individual seeks information about a certain issue and how he interprets that information?
  23. The organization chart is a way of showing?
  24. When a manager secures the agreement of a colleague to work on a project in return for the promise of providing the colleague with some extra remuneration, what type of power is he or she exercising?
  25. Which of the following is not one of the steps identified as part of the controlling process?
  26. Which of the following refers to changing a task to make it inherently more rewarding, motivating and satisfying?
  27. When people are resisting because of adjustment problem, the _________method for dealing with resistance to change is commonly used
  28. According to Fieldler’s contingency model, leadership situations can be analyzed in terms of three elements. What are they?
  29. Which of the following characteristic distinguishes authority?
  30. Which of these refers to the set of characteristics that underlie a relatively stable pattern of behavior in response to ideas, objects or people in the environment?
  31. The tendency to place the primary responsibility for one’s success or failure either within oneself or on outside forces is referred to as
  32. The tendency to see one’s own personal traits in other people is called
  33. Which of the following theories deals with employee’s perception of fairness?
  34. A financial budget that estimates cash flows on a daily basis or weekly basis to ensure that the company can meet its obligations is called a
  35. ______ is a process whereby companies find how others do something better than they do and then try to imitate or improve on it.
  36. Standing plans are
  37. Which of the following is not a perceptual distortion?
  38. Nonverbal communication behaviors includes
  39. Democratic leadership is also known as—
  40. A significant part of a manager’s job is an organization is to use the tools and techniques developed through OB research to increase organizational

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Information Technology for Manager

Information Technology for Manager

Assignment A

Question 1: What strategic role can information technology play in business process reengineering and total quality management?

Question 2: What are various approaches of MIS development in the organization? Explain any two approaches in detail.

Question 3: What are the benefits and limitations of the relational database model for business applications today? Why is the Object-oriented database model gaining acceptance for developing applications and managing the hypermedia databases at business websites?

Question 4: What are the business benefit and management problems of client/server networks? Discuss also in Network Computing and Peer-to-peer networks?

Question 5: How can information systems support a company’s business operations, discuss making by their managers, and give them a competitive advantage? Give examples to illustrate your answer?

Question 6: What is meant by Network topology along with different network models?

Question 7: Why there is a trend toward cross-functional integrated enterprise systems in business?

Question 8: How do you think sales force automation affects salesperson productivity, marketing management, and competitive advantage?

 

Assignment B

Case Study

  1. How Mr. Joshua is going to maintain information on Bank branches and security password information on customers.

 

 

Assignment C

  1. Which of them does not support decision making?

a) DSS,
b) GDSS,
c) ESS
d) All of above

2. TPS stands for—

a) Transaction price system secret socket layer
b) Transaction processing system
c) Transfer peer system
d) Transfer protocol system

3. This type of network is contained over a large geographic area.

a) Local area network
b) Wide area network
c) Start topology
d) None of the above

4. A web browser is best described as a—

a) General purpose application program
b) Application specific program
c) System management programs
d) System development programs

5. Which one of the following functional business systems supports the finance business function?

a) Cash Management
b) Financial forecasting
c) Both a & b
d) Neither a or b

6. The utility called located in the System Tools folder, allows you to select when and how often maintenance tasks are performed.

a) Disk Cleanup
b) Scheduled Tasks
c) Disk Defragmenter
d) System Restore

7. Which type of network connects each node to the next, forming a loop.

a) Star topology
b) Bus Topology
c) Ring Topology
d) All of the above

8. Which is the most common network topology where each node is connected to a switch.

a) Star topology
b) Ring topology
c) Bus topology
d) Local area network

9. The computer monitor’s sharpness or clarity is referred to as its ___________

a) Image
b) Resolution
c) Contrast
d) Setting

10. Themanages the hardware components including the CPU, memory storage, and peripheral devices.

a) Operating System
b) Device Drivers
c) Motherboard
d) Ports

11. ESS is helpful for–

a) Top Management
b) Middle management
c) Operational management
d) None of above

12. Which of the following is not a way DSS, GDSS, and ESS support decision making?

a) Automate certain decision procedures
b) Provide information about different aspects of the decision situation and the decision process
c) Stimulate decision making by helping managers question decision procedures or explore different solution designs
d) Generate monthly, hardcopy reports

13. Which of the following is primarily a stand-alone DSS that uses some type of model to perform “what-if” and other kinds of analyses?

a) Model-driven.
b) Data-driven.
c) Data mart.
d) Data warehouse.

14. The technology for finding hidden patterns and relationships in large databases and inferring rules from them to predict future behavior best describes:

a) Data warehousing.
b) Knowledge acquisition.
c) Data mining.
d) Data clustering.

15.Which of the following is NOT a type of information yielded from data mining?

a) Sequences
b) Classification
c) Clustering
d) Intelligence

16.Each of the following is a DSS component EXCEPT:

a) Database.
b) Software system.
c) User interface.
d) Inference engine

17.Models that ask “what-if” questions repeatedly to determine the impact of changes in one or more factors on outcomes best describes:

a) Optimization analysis.
b) Sensitivity analysis.
c) Forecasting.
d) Goal-seeking

18.According to the textbook, National Gypsum uses its DSS application for:

a) Identifying customer buying patterns and fraud detection.
b) Price, advertising, and promotion selection.
c) Defense contract analysis.
d) Corporate planning and forecasting.

19.A system with software that can analyze and display data using digitized maps to enhance planning and decision making best describes:

a) Geographic information system.
b) Executive support system.
c) Demographic analysis system.
d) Location analysis system.

20. An interactive computer-based system to facilitate the solution to unstructured problems by a set of decision makers working together as a group best describes a(n):

a) Group decision-support system.
b) Decision-support system.
c) Executive support system.
d) Geographic information system.

21. GDSS software tools that allow individuals to simultaneously and anonymously contribute ideas on the meeting topics are called:

a) Electronic questionnaires.
b) Tools for voting or setting priorities.
c) Electronic brainstorming tools.
d) Idea organizers.

22.A GDSS can enhance group decision making by:

a) Improving preplanning.
b) Increasing participation.
c) Providing documentation of meetings.
d) Doing all of the above.

23. Each of the following is a basic GDSS element EXCEPT:

a) Hardware.
b) Software tools.
c) A data warehouse.
d) A user interface.

24. Contingencies affecting the outcome of group meetings include:

a) The design of an electronic meeting system and its technology.
b) The nature of the group.
c) The manner in which the problem is presented to the group.
d) All of the above.

25. A useful tool used during the electronic meeting activity of idea generation is:

a) Group matrix.
b) Policy formation.
c) Topic commenter.
d) Personal productivity.

26. An information system at the strategic level of an organization designed to address unstructured decision making through advanced graphics and communications best described as:

a) Decision-support system.
b) Executive support system.
c) Management information system.
d) Group decision support system.

27. SSL is a–

a) Protocol
b) A technology
c) A kind of digital signature
d) A virus

28. Assembling a product, identifying customers and hiring employees are–

a) Transaction
b) Phases
c) Business processes
d) Business functions

29.The computer can potentially be used to monitor most of our actions, thus robbing us of——-

a) Tapping
b) Backlog
c) Privacy
d) Security

30. A is a programmable electronic device that can input, process, output, and store data.
a) Computer
b) Motherboard
c) CPU
d) Operating System

31. The nonvolatile, permanent memory that remains in the computer even when it is turned off is called:

a) ALU
b) CPU
c) RAM
d) ROM

32. The computer and equipment that connects to it are called the:

a) Hardware
b) Motherboard
c) Software
d) Control Unit

33. Which of the following do transactional e-commerce businesses provide?

a) Sale of goods and services.
b) Sale of goods only.
c) Online sale of goods.
d) Online sale of transactions.

34. Which of the following best describes a Business-to-Business?

a) Sale of goods online to a consumer.
b) Sale of goods online to many consumers.
c) Sale of goods to a business from a Brick and Mortar business.
d) Sale of goods to a business online only.

35. What determines how a system will work to meet the business needs defined during system investigation?

a) System Implementation
b) System development
c) System Review
d) None

36. Who is involved in helping users determine what outputs tey need and constructing the plans needed to produce these outputs?

a) CIO
b) Application programmer
c) System Programmer
d) System Analyst

37. What consists of all activities that, if delayed would delay the entire project?

a) Deadline activities
b) Slack activities
c) RAD tasks
d) The critical path

38. The concept in which organizations adapt to new conditions or alter their practices over time is called—

a) Organizational Learning
b) Organizational change
c) Continuous improvement
d) Re-engineering

39. What is the measure of the output achieved divided by input required

a) Efficiency
b) Effectiveness
c) Productivity
d) Return on Investment

40. What components of a decision support system allow decisions makers to easily access and manipulate the DSS and to use common business terms and phrases?

a) The knowledge base
b) The model base
c) The user interface or dialogue
d) The expert system

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Managerial Economics / Economics for Managers

Managerial Economics / Economics for Managers

Assignment A

Q1 Distinguish between the following:

  • Industry demand and Firm (Company) demand,
  • Short-run demand and Long run demand,
  • Durable goods’ demand and Non-durable goods demand.

Q2. What are the problems faced in determining the demand for a durable   good? Illustrate with example of demand for households refrigerator or television set.

Q3. Analyze the method by which a firm can allocate the given advertising budget between different media of advertisement.

Q4. What kind of relationship would you postulate between short-run and long-run average cost curves when these are not U- shaped as suggested by the modern theories?

Q5. How do demand forecasting methods for new products vary from those for established products?

Q6. What are the different methods of measuring national income? Which methods have been followed in India?

Q7 What do you understand by the investment multiplier? In what way does it defend the policy of public works on the part of the state during business depression?

Q8. Discuss the various phases of business cycle:

  • Are cyclical fluctuations necessary for economic growth?
  • Suggest appropriate fiscal and monetary policies for depression.

Assignment B

Please read the case study given below and answer questions given at the end.

Electron Control, Inc., sells voltage regulators to other manufacturers, who then customize and distribute the products to quality assurance labs for their sensitive test equipment. The yearly volume of output is 15,000 units. The selling price and cost per unit are shown below:

Selling price $200
Costs:
Direct material $35
Direct labour 50
Variable overhead 25
Variable selling expenses 25
Fixed selling expenses 15 150
Unit profit before tax $ 50

Management is evaluating the alternative of performing the necessary customizing to allow Electron Control to sell its output directly to Q/A labs for $275 per unit. Although no added investment is required in productive facilities, additional processing costs are estimated as:

Direct labour$25 per unit
Variable overhead$15 per unit
Variable selling expenses $10 per unit
Fixed selling expenses $100,000 per year

Question:
1. Calculate the incremental profit Electron Control would earn by customizing its instruments and marketing directly to end users.

Assignment C

1. Econometrics is

a. A modern name for economics
b. A specialized branch of economics which applies the tools of statistics to the economic problems
c. A branch of economics which combines macroeconomic principles with welfare economics
d. A branch of economics which combines microeconomic principles with international trade
e. A specialized branch of economics which describes neo-classical microeconomics

2. Which of the following comes under the broad definition for factors of production?

a. Technology
b. Obsolete machinery
c. Innovations
d. Capital

3. Which of the following statements is true?

a. When the supply increases, both the price and the quantity will increase.
b. When the supply increases, the supply curve shifts towards the left
c. A shift in the supply curve towards the right results in a fall in the price

d. A decrease in the quantity supplied results in shifting of the supply curve towards the left.
e. An increase in the quantity supplied leads to a fall in the price resulting in the shifting of the supply curve towards the left.

4. Which of the following statement(s) is/are false?

a. If the demand falls, the price will fall.
b. As the price rises the quantity demanded will fall.
c. If demand rises, the demand schedule shifts to the left.
d. Both (a) and (b) above.

5. Which of the following statements is false?

a. An increase in tax will affect the customers more than the producers if the supply schedule is inelastic.
b. An increase in tax will affect the customers more than the producers if the demand schedule is inelastic.
c. An increase in tax will affect the customers less than the producers if the supply schedule is inelastic.
d. An increase in tax will affect the customers less than the producers if the demand schedule is inelastic.
e. Both (a) and (d) above.

6. Which of the following statements is true?

a. Elasticity of demand is constant throughout the demand curve.
b. Elasticity of demand increases as one goes down the demand curve.
c. Elasticity of demand decreases as one goes down the demand curve.
d. The slope of the demand curve equals its elasticity.

7. For complementary goods, the cross elasticity of demand will be

a. Zero.
b. Infinity.
c. Positive, but less than infinity.
d. Negative.

8. When the income elasticity of demand for a good is negative, the good is

a. Normal good.
b. Luxury good.
c. Inferior good.
d. Giffen good.

9. If both income and substitution-effects are strong, this region of the demand curve must be

a. Relatively price elastic.
b. Relatively price inelastic.
c. Unit-elastic.
d. Perfectly inelastic.

10. If a good has close substitutes,

a. Its demand curve will be relatively elastic.
b. Its demand curve will be relatively inelastic.
c. Its demand curve could be unit-elastic.
d. Either (a) or (c).

11. The demand for most products varies directly with the change in consumer income. Such products are known as

a. Normal goods.
b. Prestigious goods.
c. Complementary goods.
d. Inferior goods.

12. Which of the following statements is true with regard to price elasticity of demand?

a. Elasticity remains constant throughout the demand curve.
b. Elasticity increases with increase in quantity demanded.
c. Elasticity increases as the price decreases.
d. Elasticity is equal to the slope of the demand curve.

13. Which of the following goods can be considered substitutes?

a. Pen and Paper.
b. Car and Petrol.
c. Bread and Butter.
d. Tea and Coffee.

14. Which of the following statements concerning indifference curves is true?

a. An indifference curve is the locus of points describing proportional price levels of the two goods.
b. Indifference curves pre-suppose the measurement of total utility and marginal utility.
c. An indifference curve is the locus of points representing various combinations of two goods about which the consumer is indifferent.
d. Indifference curve pre-suppose the validity of “the law of diminishing returns”

15. If a change in all inputs leads to a proportional change in the output, it is a case of

a. Increasing returns to scale
b. Constant returns to scale
c. Diminishing returns to scale
d. Variable returns to scale

16. Isoquants are

a. Equal cost lines
b. Equal product lines
c. Equal revenue lines
d. Equal total utility lines

17. When average product is highest

a. Total product is maximum
b. Marginal product is maximum
c. Marginal product is zero
d. Marginal product is negative

18. If marginal product is negative, it means that the

a. Total product is at maximum
b. Average product is at maximum
c. Average product is falling
d. Average product is negative

19. Which of the following curves is called envelope curve?

a. Long run total cost curve
b. Long run average total cost curve
c. Long run marginal cost curve
d. Long run average variable cost curve

20. Which of the following costs remain constant as the output increases?

a. Marginal cost
b. Average variable cost
c. Average fixed cost
d. None of the above

21. In perfect competition, a firm maximizing its profits will set its output at that level where

a. Average variable cost = price
b. Marginal cost = price
c. Total cost = price
d. Average fixed cost = price

22. Which of the following curves resembles supply curve under perfect competition in the short run?

a. Average cost curve above breakeven point
b. Marginal cost curve above shut down point
c. Marginal utility curve
d. Average utility curve

23. Which of the following is not a feature of perfect competition?

a. Large number of seller and buyers
b. No one is large enough to influence the market price
c. Homogeneous products
d. A horizontal demand curve

24. In the long run, a perfectly competitive firm earns only normal profits because of

a. Product homogeneity
b. Large number of seller and buyer in the industry’
c. Free entry and exit of industry
d. Both (b) and (c) above
e.Both (b) and (c) above

25. The horizontal demand curve for a firm is one of the characteristic features of

a. Oligopoly
b. Monopoly
c. Duopoly
d. Perfect competition

26. A perfectly competitive firm can increase its sales by

a. Reducing the price
b. Increasing the price
c. Increasing the production
d. Increasing the expenditure of advertisement

27. Which of the following is not a source of market imperfection?

a. Technology
b. Size of the firm
c. Product differentiation
d. Availability of resources

28. The maximum profit condition for a monopoly firm is

a. Total cost should be minimum
b. Total revenue should be maximum
c. Marginal revenue is equal to marginal cost
d. Quantity should be maximum

29. “Four-firm concentration” refers to

a. The number of firms in an industry
b. The four largest firm in four different and important industries in an economy
c. The number of industries in an economy which have only four firms
d. The percent of the total industry output that is accounted for by the largest four firms

30. Market inefficiencies can come from

a. Externalities
b. Monopolies
c. Imperfect information
d. All of the above

31. A monopolist who faces a negatively sloped demand curve operates in the region where the elasticity of demand is

a. Less than 1
b. Equal to 1
c. Greater than 1
d. between 0 and 1

32. In which of the following market structures the entry is least difficult?

a.monopolistic competition
b. oligopoly
c. duopoly
d. regulated monopoly

33. Which of the follow is false in a monopolistic competition?

a. Each firm could be market leader in its product segment
b. Identical products
c. Easy entry and exit
d. Price of the competitor is the benchmark price

34. The term “differentiated product” denotes

a. Different products in similar packets
b. Different products
c. Same product used in different applications
d. Different products used by a differentiated set of people

35. Which of the following is common feature in both a monopolistic competitive market and oligopoly market?

a. Product differentiation
b. Interdependence among member firms
c. Kinked demand curve
d. Entries blocked

36. The term “collusion” refers to

a. A situation in which government sets prices with the market leader in oligopoly
b. A situation in which government jointly sets prices with the small players in an industry in the larger interest of the society
c. A situation in which all firms in an industry decide the price and output
d. A situation in which two powerful groups in an industry hand with government to rule the industry

37. Which of the following does not likely to lead to the failure collusive oligopoly?

a. Secret price cutting
b. More number of firms
c. Undifferentiated products
d. Rapidly changing technology

38. Price leadership refers to

a. Pre-emptive pricing made possible by the learning curve
b. A form of price collusion
c. The maintains of a monopolistic price
d. Cut throat competition

39. A cartel is

a. A group firms which get together and make joint price and output decisions to maximize joint profits
b. Form of tacit collusion
c. Type of oligopoly in which curve is kinked
d. Duopoly

40. A zero-sum game is one in which

a. The gain of one player equals the loss of another player
b. The gain of one player will not equal the loss of another player
c. The maximin equals the minimax
d. The equilibrium and the dominant equilibrium are the same

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Accounting For Managers

Accounting For Managers

MBA Assignment A

Question 1a): What do you understand by the concept of conservatism? Why it is also called the concept of prudence? Why it is not applied as strongly today as it used to be in the Past?

Question 1b): What is a Balance Sheet? How does a Funds Flow Statement differ from a Balance Sheet? Enumerate the items which are usually shown in a Balance Sheet and a Funds Flow Statement

Question 2a): Discuss the importance of ratio analysis for inter-firm and intra-firm comparisons including circumstances responsible for its limitations .If any

Question 2b): Why do you understand by the term ‘pay-out ratio’? What factors are taken into consideration while determining pay-out ratio? Should a company follow a fixed pay-out ratio policy? Discuss fully.

Question 3: From the ratios and other data given below for Bharat Auto Accessories Ltd. indicate your interpretation of the company’s financial position, operating efficiency and profitability.

Question 4: Bose has supplied the following information about his business to Summary of  Cash  book for the year ended 31st March, 2004 is as follows:

Discount allowed totaled Rs.7,000 and discount received was Rs.4,000. Bad debts written off were Rs.8,000. Depreciation was written off on furniture @5% per annum and machinery @10%per annum under the straight line method of depreciation. The office expenses included Rs.5,000 paid as insurance premium for the year ending 30th June, 2004. Wages amounting to Rs.20,000 were still due on 31st March,2004.Prepare trading and profit and loss account for the year ended 31sl March, 2004 and the balance sheet as on that date.

Question 5a): What procedure would you adopt to study the liquidity of a business firm?

Question 5b): Who are all the parties interested in knowing this accounting information?

Question 5c): What ratio or other financial statement analysis technique will you adopt for this.

Question6. From the following particulars, determine the bank balance as per pass book of Priya &Co. as on 28th February 2008.

a) Credit balance as per cash book on 28th February, 2008 was Rs. 15,000

b) Interest charged by the bank up to 28th February Rs. 500 was recorded in the passbook.

c) Bank charges made by the bank Rs. 125 were also recorded only in the pass book.

d) Out of the cheques of Rs. 25,000 paid into the bank, cheques of Rs. 18,750 were cleared and credited by the bankers.

e) Two cheques of Rs. 7,500 and Rs. 15,000 were issued but out of them only one cheque of Rs. 7,500 was presented for payment upto 28th February.

f) Dividends on shares Rs. 4,500 were collected by the bankers directly, for which Priya & did not have any information.

Question7a): Decide whether the new product be introduced.

Question7b): Make any further observation/recommendations about profitability of the company on the basis of the above data , after making assumption that the present investment is Rs. 8 lakh.

Question8 a):What is Master Budget? How it is different from Cash Budget?

Question8 b):What are the various methods of inventory valuation? Explain the effect of inventory valuation methods on profit during inflation. What are the provisions of Accounting Standard 2 (AS-2) with regards to inventory valuation?

 

MBA Assignment B

Case Study

Labor standards

Geeta & Company has experienced increased production costs. The primary area of concern identified by management is direct labor. The company is considering adopting a standard cost system to help control labor and other costs. Useful historical data are not available because detailed production records have not been maintained.

To establish labor standards, Geeta & Company has retained an engineering consulting firm. After a complete study of the work process, the consultants recommended a labor standard of one unit of production every 30 minutes, or 16 units per day for each worker. The consultants further advised that Geeta’s wage rates were below the prevailing rate of Rs per hour.

Geeta’s production vice-president thought that this labor standard was too tight, and from experience with the labor force, believed that a labor standard of 40 minutes per unit or 12 units per day for each worker would be more reasonable. he president of Geeta & Company believed the standard should be set at a high level to motivate the workers and to provide adequate information for control and reasonable cost comparison. After much discussion, management decided to use a dual standard. The labor standard of one unit every 30 minutes, recommended by the consulting firm, would be employed in the plant as a motivation device, while a cost standard of 40 minutes per unit would be used in reporting. Management also concluded that the workers would not be in formed of the cost standard used for reporting purposes. The production vice-president conducted several sessions prior to implementation in the plant, informing the workers of the new standard cost system and answering questions. The new standards were not related to incentive pay but were introduced when wages were increased to Rs7 per hour.

The standard cost system was implemented on January 1, 19–. At the end of six months of operation, these statistics on labor performance were presented to executive management:

Materials quality, labor mix, and plant facilities and conditions have not changed to a signify Cant extent during the six month period.

Questions:

1.Describe the impact of different types of standards on motivations, and specifically, the likely effect on motivation of adopting the labor standard recommended for Geeta & Company by the engineering firm.

2.Please advise the company in reviewing the standards.

 

MBA Assignment C

  1. Which of the following statements is true concerning assets?

2.When the concept of conservation is applied to the Balance Sheet, it results in

  1. Which of the following is a correct expression of the accounting equation?
  1. How is the balance sheet linked to the other financial statements?
  1. The process of recording the economic effects of business transactions in a book of original entry:
  1. If the sum of the debits and credits in a trial balance is not equal, then
  1. Z Ltd had Rs1800 of supplies on hand at January 1, 2006. During 2006, supplies with acost of Rs7, 000 were purchased. At December 31, 2006, the actual supplies on handamounts to Rs2, 300. After the adjustments are recorded and posted at December 31,2006, the balances in the Supplies and Supplies Expense accounts will be:
  1. In the statement of changes in financial position, uses of resources are defined as:

9.Most firms elected to define funds in the statement of changes in financial position as:

10.The funds flow statement included:

11.Which of the following is not an example of a non-fund adjustment to income required in preparing the statement of changes in financial position when funds were defined as working capital?

12.In the cash flow statement, cash is defined as:

  1. Flexible budgets

14Which of the following statements regarding changing inventory methods is true?

Use the information presented below to answer the questions that follow. Solid Co. received a non-interest-bearing note from Y Ltd. on October 1, 2006. The amount of the note due at the maturitydate is Rs6, 200. The note was accepted by Solid for merchandise sold to Bedrock with a sellingprice of Rs6, 000. The note is due in 3 months.

  1. The difference of Rs200 between the amount of the note (Rs6, 200) and the sales price of the merchandise (Rs6, 000)
  1. Which of the following combination of financial statements would provide the most in-depth information to help understand a company’s liquidity?
  1. Y Ltd sold equipment for Rs4, 000. This resulted in a Rs1, 500 loss. What is the impact of this sale on the working capital?

18.If a company’s asset turnover rate increased from 2005 to 2006, which of the following conclusions can be made?

19.X Ltd’s master budget calls for the production of 6,000 units of product monthly. The master budget includes indirect labor of Rs396,000 annually; X Ltd considers indirect labor to be a variable cost. During the month of September, 5,600 units of product were produced, and indirect labor costs of Rs30,970 were incurred. A performance report utilizing flexible budgeting would report a flexible budget variance for indirect labor of:-a. Rs170 unfavorable.b. Rs170 favorable.c. Rs2, 030 unfavorable.

  1. Rs2, 030 favorable.20.Which of the following is not an advantage for using standard costs for variance analysis?

21.The main purpose of cost accounting is to-

22.Conversion cost is total of:

23.A cost, which does not involve cash outlay, is called:

24.Committed fixed costs are those, which:

  1. Cost of research undertaken at the request of the customer should be:

26.Salaries due for the month of March will appear

27.Liabilities of business are Rs. 11,220 and owner’s equity is Rs. 15,000. The assets of thebusiness will be.

  1. An entry of Rs. 320 has been debited to Eknath’s account at Rs. 230. If is an error of
  1. Unearned revenues are:
  1. The revenue recognition principle requires that sales revenues be recognized:
  1. All of the following are “other receivables” except:
  1. Depreciation is dependent on a number of estimates. When a change in an estimate isrequired, the change is made:
  1. In order to pay a dividend:
  1. Cash flow activities that include the cash effects of transactions that create revenues andexpenses and thus enter into the determination of net income are referred to as:
  1. All of the following are used in preparing a statement of cash flows except:
  1. Depreciation is result of
  1. Outstanding Expenses are the examples of
  1. Liquid Assets are inclusive of all current assets except

39.Management Accounting is mainly related to

40.Variance Analysis is done with regards to actuals with.

 

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