ECONOMICS FOR MANAGERS (EDL 102) – SEMESTER I

ECONOMICS FOR MANAGERS (EDL 102) – SEMESTER I

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Block I

Introduction to Economic Analysis

 1.           What is Economics

 2.           What is the scope of managerial economics?

Scarcity and Efficiency

 1.           What is Scarcity?

Ans:

2.            What is Efficiency?

Ans:

Basic Concept of Micro-economic analysis

1.            What is the opportunity cost?

Ans:

 2.           What is the Production possibility cu

Ans:

Nature of Managerial Economics

1.            What is the difference b/w managerial economics and economics

Ans:

2.            What is the nature of managerial economics?

 Ans:

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 BLOCK-II

 Market Structure Analysis ? Introduction

 1.           Which one of the following industries comes closest to perfect competition?

 Ans:

2.            Economic profits are generally.

 Ans:

 Market Structure Analysis ? Monopolistic Competition

 1.           Consider a monopolistically competitive firm. From the point of view of remaining firms, as firm leave the industry we can think of this as a:

Ans:

 2.           In monopolistically competitive industry

 Ans:

Market Structure Analysis ? Monopoly

 1.           A defining characteristics of a natural monopoly is that

 Ans:

2.            An Unregulated monopoly will:

 Ans:

Market Structure Analysis – Oligopoly

 1.           Which of the following is not a characteristics of an oligopoly market?

Ans:

2.            Where the industry strategy is set by small firm recognized as having good market intelligence?

 Ans:

Cournot’s Duopoly Model

 1.           Two firm compete in a stackelberg fashion and firm two is the leader, then

Ans:

 2.           When firm one act as a Stackelberg leader

 Ans:

Dead Weight Loss

 1.           Student railcards are an example of:

Ans:

2.            __________________is the best strategy to extract consumer surplus:

Ans:

Monopoly Equilibrium – 1

 1.           Which of the following is a characteristic of a perfectly competitive market?

 Ans:

2.            It is perfectly competitive firm currently produces where price is greater than marginal cost it?

 Ans:

Monopoly Equilibrium – 2

 1.           When a perfectly competitive firm makes a decision to shut down, it is most likely that

Ans:

2.            In the long run, a profit-maximizing firm will choose to exit a market when

 Ans:

Monopoly Equilibrium – 3

 1.           When firms have an incentive to exit a competitive market, their exit wil

 Ans:

2.            In a perfectly competitive market, the process of entry or exit ends when

 Ans:

Monopoly Equilibrium – 4

 1.           When a markets are imperfect and exhibit externalities:

Ans:

2.            The social cost of monopoly is:

Ans:

Monopsony – 1

1.            In A competitive labour market, the demand curve for labour is given by which one of the following?

Ans:

2.            A monopsony type of market failure is said to be occur for which one of the following?

Ans:

Monopsony – 2

 1.           Which two condition are most likely to read to a rise in union bargaining power?

Ans:

2.            A European directive which helps establish employer consultation procedures for multinational companies in the EU is which one of the following?

Ans 

 Monopsony – 3

 1.           Which one of the following describe a state of the labour market which is often linked to a lower wage for those employed?

Ans:

2.            Where the return to the factor is greater than is needed for it to supply itself?

Ans:

Perfect Competition -1

 1.           Firms in perfect competition faces a:

Ans:

2.            In perfect competition:

Ans:

Perfect Competition -2

 1.           A profit maximizing firm in perfect competition produces where?

Ans:

2.            In perfect competition?

Ans:

Perfect Competition -3

  1. In the long run in perfect competition:

Ans:

  • In perfect competition?

Ans:

Perfect Competition -4

 1.           In perfect competition?

Ans:

 2.           In the short run firms in perfect competition will still produce provided:

Ans:

Perfect Competition -5

1.            In the long run equilibrium in perfect competition:

Ans:

 2.           For a perfectly competitive firm:

Ans:

Perfect Competition -6

 1.           Over the last 15 or 20 years widespread computerization has generally led to

Ans:

2.            The perfect competitor’s demand curve is _____a horizontal line.

Ans.

Perfect Competition -7

 1.           The perfect competitor’s price is set by

Ans:

2.            In the short run the perfect competitor/

Ans:

Perfect Competition -8

 1.           When the perfect competitor is taking a loss, over the long run some firms will

Ans: leave the industry and equilibrium price will rise

 2.           The perfect competitor always attains peak efficiency in the

Ans: long run

Price Discrimination

1.            Advertising can represent a _______cost.

Ans: Sunk

2.            Strategic interaction only occurs in __________.

Ans: oligopoly

Prisoners Dilemma

 1.           In a prisoner’s dilemma with prisoners A and B, if they both confess, A gets 5 years and B gets 8 years. If both remain silent, A gets 2 years and B goes free. If one confesses and the other does not, the one who confesses gets 1 year and the other get 15 years. Which statement is true of this case?

Ans:  

2.            In baseball game if a pitcher appears to have thrown at an opposing batter it is generally understood that someone one that pitcher’s team will be thrown at happen relatively infrequently over a season. Once each team has made its point the incident is usually forgetting.

Ans:

Profit Maximization

 1.           Profit is maximum when:

Ans:

2.            Profit is maximum when:

Ans:

STACKELBERG MODEL – 1

 1.           The profits of the leader in a stackelberg duopoly?

Ans:

2.            Economist use game theory to predict the behaviour of oligopolists. Which of the following is crucial for the success of the analysis?

Ans:

 Stackelberg Model – 2

 1.           Suppose two type of consumers buy suits. Consumers of type A will pay $100 for a coat, and $50 for pants. Consumers of type B will pay $75 for a coat, and $75 for pants. The firm Selling suits faces no competition and has a marginal cost of zero. If the firm sells coats and pants for $25 each, but offers a bundle containing both a coat and paints for $1.50, how many bundles will the firm sell?

Ans:

 2.           Suppose two type of consumers buy suits. Consumers of type A will pay $100 for a coat, and $50 for pants. Consumers of type B will pay $75 for a coat, and $75 for pants. The firm Selling suits faces no competition and has a marginal cost of zero. Strategy is?

Ans:

 Stackelberg Model – 3

 1.           A broadway theater sells weekday shows tickets at a lower price than for a weekend show.

This is an example of?

              Ans:

 2.           Which of the following statements about a price matching strategy is incorrect?

Ans:

Stackelberg Model – 4

 1.           A stable equilibrium in the prisoner’s Dilemma is known as:

Ans:

2.            An example of a two person, noncooperative, zero sum game is:

Ans:

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 BLOCK-III

MC: marginal cost

Consumer Behavior: Demand Function

 1.           What is law of Demand?

Ans:

 2.           Why demand curve Slopes downwards?

Ans:

 Budget Constraint

1.            A typical indifference curve:

Ans:

2.            A utility function shows the relation b/w

Ans:

APPLICATIONS OF INTRODUCTION TO ECONOMIC ANALYSIS

 1.           The opportunity cost of machine which can produce only one product is:

Ans:

 2.           The PPF shows:

Ans:

Consumer Equilibrium

1.            Consumer is an equilibrium when marginal utilities are the consumption of coke increase, its marginal utility to the drinker will:

Ans:

2.            In economics, one or more persons sharing common consumers budget is called?

Ans:

Case Study of Demand Elasticity

 1.           Consider two goods X and Y. There was no change in price of X, but its demand was seen to fall from 6000 units to 5500 units.

Ans:

 2.           Consider two goods X and Y. There was no change in price of X, but its demand was seen to fall from 6000 units to 5500 units.

Ans:

Effects on Consumer Behavior

 1.           Ordinal utilities Analysis was developed by

Ans:

2.            “Utility or satisfaction is a subjective concept; therefore it could only be ranked”. The Statement support?

Ans:  

Supply Function

 1.           What is elasticity of supply?

Ans:

 2.           A Virtual Supply curve means that elasticity of supply?

Ans:

Indifference Curve

 1.           As the consumption of coke increase, its marginal utility to the drinker will:

Ans:

 2.           In the world of just two goods, where all income is spent on the two goods, both of them cannot be inferior?

Ans: 

Application of consumer equilibrium – 1

 1.           Substitutions effects takes place when price of the commodity becomes;

Ans: 

 2.           Different quantity purchased at different possible prices of a commodity is called:

Ans:

Application of consumer equilibrium – 2

1.            Diagrammatic presentation of demand schedule of an individual buyer of a commodity in the market yield?

Ans:

 2.           Goods are undemanded because these possess:

Ans:

 Case Study – Equilibrium Price and quantity

 1.           When price is below equilibrium level there will be:

Ans:

 2.           Price of product is determined in a free market;

Ans:

Cross Elasticity of demand – 1

 1.           If the cross elasticity of demand is -2:

Ans:

 2.           The cross price elasticity b/w two products is found to be -1/2. From this you know that the two products are:

Ans:

Consumer Surplus – 1

1.            Which best describes consumer surplus?

Ans:

2.            Which of the following Statement is NOT true? In  the free market change in the price of a product?

Ans:

Consumer Surplus – 2

 1.           Community Surplus equals:

Ans:

 2.           Monopoly power in a market is likely to?

Ans:

Conditions for Consumers Equilibrium_1

 1.           Diagrammatic presentation of demand schedule of an individual buyer of a commodity in the market yields

Ans:

 2.           Goods are undemand because these possess

Ans:

Cross Elasticity of demand – 2

 1.           If the cross price elasticity between goods B and A is -2 and the price of good B increase by 5%, the quantity demanded of good A will:

Ans:

2.            If a coffee and tea are substitutes, what do we know for certain about the cross elasticity of demand for coffee with respect to the price of tea?

Ans:

Demand Elasticity_part 1

 1.           Elasticity of demand is determined by all the following factor except:

Ans:

 2.           Income Elasticity of demand for diamond would be?

Ans:

 Demand Elasticity_part 2

 1.           What is cross Elasticity of Demand?

Ans:

 2.           Demand of electricity in elastic because

Ans:

Demand Elasticity_part 3

 1.           What is Econometric method?

Ans:

 2.           What is Barometric method of forecasting?

Ans:

Cross Elasticity of demand – 1

 1.           If the cross elasticity of demand is -2:

Ans:

 2.           The cross price elasticity b/w two products is found to be -1/2. From this you know that the two products are:

 Ans:

Demand Elasticity – 1

 1.           Which of the following is likely to have the smallest price elasticity of demand?

Ans:

 2.           A 10 % decrease in the price of a Pepsi decreases the demand for a Coca-Cola by 50 %. The cross elasticity of demand b/w a Pepsi and Coca-Cola is?

Ans:

Demand Elasticity – 2

1.            A rise in the price of a product lowers the total revenue from the product if the

Ans:

2.            If a 4% rise in the price of peanut butter lowers the total revenue received by the producers of peanut butter by 4% , the demand for peanut butter?

Ans:

Elasticity of Demand – 1

 1.           If the demand for a good is inelastic, an increase in its price will cause the total expenditure of the consumers of the good to:

Ans:

 2.           The horizontal demand curve parallel to x-axis implies that the elasticity of demand is:

Ans:

Elasticity of Demand – 2

 1.           When the unit price of product X decrease from $6 to $5, its price elasticity of supply is:

Ans:

 2.           The feedback of ‘Anti-Smoking campaign for the youth’ is very successful under huge promotions

Ans:

Elasticity of Demand – 3

 1.           The price elasticity of demand is:

Ans:

 2.           If demand is price elastic, then.

Ans:

Income Elasticity – 1

1.            The demand for movies is unit elastic if

Ans:

 2.           Unit elastic demand

Ans:

Income Elasticity – 2

 1.           Moving up along a linear demand curve, the price elasticity of demand

Ans:

 2.           If the price elasticity of demand for a product equals 1, as its price rises the

Ans:

Income Elasticity – 3

 1.           Suppose that the quantity of root beer demanded declines from 103,000 gallons per week to 97,000 gallons per week as a consequence of a 10 percent increase in the price of root beer. The price elasticity of demand is

Ans:

 2.           The price elasticity of demand is 5.0 if a 10 % increase in the price results in a _______decrease in the quantity demanded.

Ans:

Income Elasticity and Proportion of income spent -1

 1.           Income elasticity of demand is defined as the responsiveness of:

Ans:

2.            If the income elasticity of a demand for a good is negative , then the good is:

Ans:

Income Elasticity and Proportion of income spent – 2

 1.           The income elasticity of demand is high

Ans:

 2.           A Product is likely to have a price elasticity of demand that exceeds 1 when

Ans:

Income Elasticity and Proportion of income spent -3

 1.           The income elasticity of demand is the percentage change in

Ans:

 2.           Demand is income elastic if

Ans:

Price Elasticity of demand – 1

 1.           If the price elasticity of demand for some good is estimated to be 4. Then a 1% increase in price will lead to a:

Ans:

 2.           If the price elasticity of demand is unit then a fall in price:

Ans:

Price Elasticity of demand – 2

1.            The price elasticity of demand is a negative number this means:

Ans:

 2.           Price increase from 10 to 12 pence and the price elasticity demanded was 500 units. What will it be now?

Ans:

Price Elasticity of demand – 3

 1.           If demand is price inelastic?

Ans:

 2.           For an inferior good with a downward sloping demand curve:

Ans:

Relationship between MR, AR and Price Elasticity of Demand

 1.           If an average curve has a negative slope, then the corresponding

Ans:

 2.           If a firm total cost curve is defined by a straight line that has a positive intercept that is equal to fixed cost, then

Ans:

Theory of unconstrained maximization

 1.           Equilibrium:

Ans:

 2.           A rise in supply and demand in equal proportion will result in:

Ans:

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BLOCK-IV

 Introduction to Production Function

 1.           Which of the following is considered production in economics?

Ans:

2.            Which of the following is not a characteristic of land?

Ans:

Cost and Production Analysis

1.            A production function measures the relationship b/w

Ans:

2.            Is the marginal product is decreasing ,then marginal product.

Ans:

Isoquant Cost and Prod Analysis

 1.           L-shaped isoquants imply that production requires that the inputs are perfect substitutes.

Ans:

 2.           Isoquants that are downward sloping straight line exhibit?

Ans:

 Economics and Diseconomies of scale

 1.           Internal economies of scale occur when?

Ans:

 2.           Diseconomies of scale are a sign that

Ans:

 Laws of Returns to scale through production function

 1.           Economies of scale exist when

Ans:

 2.           Economies of scope exist when

Ans:

Cost Combinations of Inputs

 1.           Which of the following statement is true regarding the difference between economic and accounting cost?

Ans:

 2.           Which of the following costs always decline as output increases?

Ans:

Alternative Theories

 1.           In Maris’s model the goals of managers and shareholders are seen to be more compatible than in other managerial theories because?

Ans:

 2.           What is the difference b/w Debt ratio and Liquidity Ratio(LR)?

Ans:

 Behavioral Model of Cryert and March

 1.           What is Behavioural Model of Cryert and March?

Ans:

 2.           Is the marginal Product is decreasing, then marginal product:

Ans:

Theory of Cost.

 1.           Which of the following is a positive statement?

Ans:

 2.           The opportunity cost of a particular activity e. measure the direct benefits of that activity

Ans:

 Cost Output Relations

 1.           When the marginal product of labour is greater than the average product of labour?

               Ans:

 2.           The Marginal cost curve intersect the:

Ans:

Long run cost output relations

 1.           A firm encountering economies of scale over some range of output will have

Ans:

 2.           The long run is a period of time in which

Ans:

Theory of Firm ? Profit Maximization Model

 1.           When marginal revenue is equal to 0:

Ans:

 2.           If the marginal revenue is $8, the firm should _______.

Ans:

 Average Revenue Product and the decision to employ a factor

 1.           The costs that depend on output in the short run are:

Ans:

 2.           Which of the following is NOT a reason for increasing prices?

Ans:

 Cobb – Douglas Production Function and Product Exhausion

 1.           If we have a Cobb-Dougal’s aggregate production function, the term of “constant returns to scale” refers to the fact that?

Ans:

 2.           If we assume a cobb-Douglas production function where the share of labor is ¾ and the share of capital is ¼,then the marginal product of capital can be calculated as:

Ans:

Cost Functions_1

 1.           The marginal product of labor curve shows the change in total product resulting from a:

Ans:

 2.           When the total product curve is falling, the:

Ans:

Cost Functions_2

1.            When marginal product reaches its maximum, what can be said of total product?

Ans:

 2.           Variable costs are:

Ans:

 Cost Functions_3

 1.           Which is not a fixed cost?

Ans:

 2.           If you know that with 8 units of output, average fixed cost is $12.50 and average variable cost is $81.25, then total cost at this output level is:

Ans:

Cost Functions_4

 1.           With fixed costs of $400, a firm has average total costs of $3 and average variable costs of $2.50. its output is:

Ans:

2.            The reason the marginal cost curve eventually increases as output increases for the typically firm is because?

Ans:

Cost minimization for a given output

1.            Suppose that a firm produces 200,000 units a year and sells them all for $10 each. The explicit costs of production are $1,500,000 and the implicit costs of production are $300,000.

The firm has an accounting profit of?

 Ans:

 2.           The short run is a time period in which:

Ans:

Cost of production_1

 1.           Implicit costs are:

Ans:

 2.           Which would be an implicit cost of firm? The cost:

Ans:

 Cost of production_2.

 1.           If a firm’s revenue just cover all its opportunity costs, then:

Ans:

 2.           Suppose a firm sells its product at a price lower than the opportunity cost of the inputs used to produce it. Which is true?

Ans:

Demand function of a factor-1

 1.           For a rational consumer who has to choose between two goods in the context of budget constraints, the price change of one of the goods, caeteries, paribus, will determine:

Ans:

 2.           The price of the product A was reduced from 100 to 90 lei and, as a result, the quantity demanded has increased from 70 to 75 units. The demand is:

Ans:

Demand function of a factor-2

 1.           Which one of the following is a factor of production?

 Ans:

 2.           Opportunity cost is:

Ans:

 Demand function of a factor-3

 1.           If the demand curve for product A moves to the right , and the price of product B decrease, it can be concluded that:

Ans:

 2.           Suppose the price of a good decreases by 10% and the quantity demanded for a certain period of time increase by  15%. In these conditions?

Ans:

Derivation of a demand function for a factor

1.            The indifference curve means:

Ans:

 2.           The point located at the intersection of the budget line with the coordinate axes means?

 Ans:

 Economic Efficiency-1

 1.           Economic growth can be measured by:

 Ans:

2.            In a boom:

Ans:

Economic Efficiency-2

1.            In a recession, GDP:

Ans:

 2.           To boost growth the government is most likely to?

Ans:

` Economic Efficiency-3

1.            A Govt. is most likely to use a reflationary policy:

Ans:

 2.           Potential growth measures:

Ans:

Equilibrium wage and employment – 1

 1.           An increase in the wage rate:

Ans:

 2.           A decrease in the supply of labor is likely to lead to:

Ans:

Linear Programming

1.            Which of the following is a property of all linear programming problems?

Ans:

2.            A point that satisfies all of a problem’s constraints simultaneously is a(n)?

Ans:

Long Run Cost Function – Derivation

1.            If the short-run average variable costs of production for a firm are rising, then this indicates that:

Ans:

 2.           If a more efficient technology was discovered by a firm, there would be:

Ans:

Output maximization with a given cost

 1.           The law of diminishing returns states that:

Ans:

 2.           The law of diminishing returns only applies in cases where?

Ans:

PRICE OUTPUT DETERMINATION_1

 1.           Suppose the supply for product A is perfectly elastic. If the demand for this product increase?

Ans:

 2.           If the coefficient of income elasticity of demand is higher than 1 and the revenue increases, the share of expenditure for commodity X in total expenditure:

Ans:

Price Output Determination_2

 1.           If the demand for agricultural products in inelastic:

Ans:

 2.           For a rational consumers who has to choose between two goods in the context of budget constraints, the price change of one of the goods, caeteris paribus, will determine?

Ans:

Production Function-1

 1.           A production function measures the relation b/w

Ans:

 2.           A short—run production function assumes that……

Ans:

Production Function-2

 1.           If average product is decreasing, then marginal product..

Ans:

 2.           Which of the following statement is true?

Ans:

Production Function-3

 1.           Suppose you operate a sandwich shop and currently have two employees. If you hire a third employees, your output of sandwiches per day rises from 75 to 90. If you hire a fourth employees would causes output to rises to 120 and 125 per day, respectively.

Choose the correct statement:

Ans:

 2.           The marginal product of labour?

Ans:

 Production Function-4

 1.           Diminishing marginal productivity:

Ans:

 2.           Diminishing returns refers to the decrease in:

Ans:

Production Function-5

 1.           If a firm is producing a given level of output in a technically-efficient manner, then it must be the case that:

Ans:

 2.           If a firm is producing a given level of output in an economically-efficient manner, then it must be the case that..

Ans:

 Production Function-6

 1.           A short-run cost function assumes that..

Ans:

 2.           Average total cost:

Ans:

 Returns to scale-1

 1.           Which of the following is a variable cost?

Ans:

  2.          Which of the following is implicit cost?

Ans:

Returns to scale-2

 1.           If the output levels at which short-run marginal and average cost curves reach a minimum are listed in order from smallest to greatest, then the order would be?

Ans:

 2.           Learning curves represent the relation between

Ans:

 Returns to scale-3

 1.           If an input is owned and used by a firm, then it’s?

Ans:

 2.           Short-run marginal cost is equal to?

Ans:

 Returns to scale-4

 1.           Short-run average variable cost is equal to:

Ans:

 2.           Which of the following short-run cost curves declines continuously?

Ans:

Returns to scale-5

1.            The law of diminishing returns begins at the level of output where?

Ans:

2.            The long-run average cost curve is at a minimum at a level of output where?

Ans:

Returns to scale-6

1.            If a firm has a downward slopping long-run average cost curve, then

Ans:

2.            One reason that a firm may experience increasing returns to scale is that greater levels of output make it possible for the firm to?

Ans:

Returns to scale-7

1.            One reason that a firm may experience decreasing returns to scale is that greater levels of output can result in

Ans:

2.            Economies of scope refers to the decrease in average total cost that can occur when a firm

Ans:

  Returns to scale-8

 1.           Breakeven analysis identifies the

Ans:

 2.           Which of the following is an assumption of linear breakeven analysis?

Ans:

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BLOCK-V

Introduction and Investment Analysis

1.            In the context of decision making, which of the following best describe a heuristics?

Ans:

2.            In our model of decision making under different conditions, what is the difference between risk and uncertainty?

Ans:

Investment Analysis

 1.           The material wealth of a society is equal to the sum of___

Ans:

2.            Financial intermediaries exists because small investors can’t efficiently ___.

Ans:

Investment Decisions under Uncertainty

1.            Cost of product that  can be added to other large purchase of product is classified as:

Ans:

2.            When customers evaluate more than one positive dimensions separately is classified.

Ans:

Inflation

1.            When the general level of prices is rising, we call that

Ans:

2.            When prices rise slowly and predictably, we call that:

Ans:

Concept of Behavioral Economics

 1.           Way in which choices are seen and presented by a decision maker is classified as:

Ans:

2.            Customers who loss averse and tend to underweight the

Ans:

Macroeconomic Analysis Basic terminologies

 1.           Which of the following is GDP at current prices?

Ans:

2.            Which of the following is the term used to describe an addition to a nation’s capital stock?

Ans:

Macro-economic Analysis Circular flow of income

1.            On the circular flow diagram of the economy, the arrow from the producer sector to the overseas sector usually representation?

Ans:

2.            The circular flow diagram is a model showing

Ans:

Macro-Economic Analysis National Income and Keynesian Model

 1.           NDPMP will be equal to:

Ans:

2.            Which of the following is not the form of Tax Revenue?

Ans:

Calculating National Product’s

 1.           The net value of GDP after deducting depreciation from GDP is

Ans:

2.            When depreciation is deducted from GNP, the net value is:

Ans:

Different methods of calculating national income

 1.           In the value of NNP at consumer point as:

Ans:

2.            The value of NNP at production point is called:

Ans:

Monetary and Fiscal Policy

 1.           Fiscal policy refers to:

Ans:

2.            To help fight a recession, the govt. could

Ans:

Saving in Consumption Function

 1.           An increase in the marginal propensity to consume will:

Ans:

2.            As national income increase:

Ans:

Spot and forward Exchange Rate

1.            The ____refers to the orderly relationship between spot and forwarded currency exchange rates and the rates of interest between countries?

Ans:

2.            The ___ is especially well suited to offer hedging protection against transactions risk exposure

Ans:

Capital Account Convertibility

 1.           For regulation of insurance trade in the country has formed:

Ans:

2.            In the context of an ’Indian-Economy’, open market operation refer to?

Ans:

Business Cycles

1.            The key issues of macroeconomics are:

Ans:

2.            In the economy when a steel producers sells steel to car producers, it is regarded as__

Ans:

Decision making under risk – 1

 1.           In our model of decision making under different conditions, what is the difference between risk and uncertainty?

Ans:

2.            In the context of decision making, which of the following best describes a heuristic?

Ans:

 Decision making under risk – 2

 1.           A Situation in which a decision maker knows all of the possible outcomes of a decision and also known the probability associated with each outcome is referred to as

Ans:

2.            Which of the following methods of selecting a strategy is consistent with risk averting behaviour?

Ans:

Present value of a single payment

 1.           To increase a given future value, the discount rate should be adjusted__.

Ans:

2.            Interest paid on only the original principal borrowed is often referred as___.

Ans:

Present Value of a stream of payment

1.            Time value of money indicates that?

Ans:

2.            Time value of money supports the comparison of cash flows recorded at different time period by?

Ans:

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Quantitative Techniques in Management (EDL 104) – Semester I

Quantitative Techniques in Management (EDL 104) – Semester I

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BLOCK-I

Basic Concepts of Statistical Studies

 1.           Statistical tools facilitates__________

Ans:

 2.           Which amongst the following can be considered as the disadvantages of statistics?

Ans:

Diagrammatic & Graphical Presentation of Data

1.            Data including the ages of students in a particular class can be considered as___

Ans:

2.            How many types of Tabular methods has been discussed here under the category?

Ans:

Qualitative Data : tabular and graphical methods_part

1.            The sum of relative frequency is always equal to 1.

Ans:

 2.           Percentage frequency can be found as_____100

Ans:

Qualitative Data : tabular and graphical methods Part 2

 1.           Relative frequency represent__________________.

Ans:

 2.           Which amongst the following is true about the Histogram?

Ans:

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BLOCK-II

MEASURES OF LOCATION

 1.           Which of the following is not a measure of central tendency

Ans:

 2.           Calculate the mean of the following five simple measurements: 5,3,8,5,6:

Ans:

 3.           Which of the following is an advantage of arithmetic mean?

Ans:

 4.           Median of odd number term of a series is:

Ans

 5.           Which of the following is used for computing arithmetic mean in a discreate frequency?

Ans:

Measures of Dispersion

 1.      Which of the following is not a good characteristics of dispersion?

Ans:

 2.           Find the value of range and its coefficient for the data 7,9,6,8,11,10,4

Ans:

 3.           Which of the following is not a merit of range?

Ans:

 4.           Dispersion means:

Ans:

 5.           Weighted means:

Ans:

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BLOCK-III

 Forecast seasonal Trend

 1.           Sessional Trend are caused due to:

Ans:

 2.           “Traditional habits” influence seasonal trends.

Ans:

 3.           Seasonal variation is measured using:

Ans:

 4.           Seasonal variation is measured using:

Ans:

 5.           Forecasting of seasonal trends includes:

Ans:

Measurement of Trend

 1.           Which of the following is a method of measuring trend?

Ans:

 2.           Which of the following is a method of measuring trends?

Ans:

 3.           For Graphical Method, Time is taken on:

Ans:

 4.           For Graphical Method, values are taken on:

Ans:

 5.           The “Line of Best Fit” is obtained in:

Ans:

Qualitative Approach of forecasting

 1.           _____approach is often used by committees or panels seeking to develop new ideas or solve complex problems.

Ans:

 2.           Scenario writing consists of developing a conceptual scenario of the future, based on the well-defined set of assumptions

Ans:

Sample Correlation & Regression Analysis_Part_1

 1.           Independent variable is

Ans:

2.            Regression analysis related:

Ans

3.            Dependent variable is:

Ans:

 4.           Scatter Diagram is:

Ans:

 5.           Method of least square is used in:

Ans:

 Sample Correlation & Regression Analysis_Part_2

 1.           The correlation coefficient is used to determine?

Ans:

 2.           If there is a very strong correlation between two variables then the correlation coefficient?

 Ans:

 3.           The regression equation that enables us to find out the amount of change in X corresponding to a change in Y is called the____

 Ans:

 4.           SSE can never be:

 Ans:

 5.           In regression analysis, the variable that is being predicted is the?

Ans:

Time Series and components in time series

 1.           An orderly set of data arranged in accordance with their time of occurrence is called?

 Ans:

 2.           A time series consists of:

Ans:

 3.           Secular trend can be measured by:

 Ans:

4.            Increase in the number of patients in the hospital due to heat stock is:

Ans:

5.            The Systematic components of time series which follow regular pattern of variation are called:

Ans:

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BLOCK-IV

Introduction of Probability Theories

 1.      In probability theories, events which can never occur together are classified as:

 Ans:

2.      Event such as equal chance of heads or tails while tossing coin is an example of:

Ans:

 Sampling

 1.      The difference b/w a statistic and the parameter is called:

Ans:

 2.      The sum of the frequencies of the frequency distribution of a statistic is equal to:

Ans:

Probability Distributions

 1.      In random experiment, observation of random variable are classified as:

Ans:

 2.      In binomial distribution, formula of calculating standard deviation is:

Ans:

Binomial Distribution

1.      In binomial probability distribution, dependents of standard deviation must include:

Ans:

 2.      In binomial probability distribution, success and failure generated by trial is respectively denoted by:

Ans:

Poisson Distribution

 1.      In passion probability distribution, if value of /I is integer then distribution will be:

Ans:

2.      If numbers of trials are 8 and probability of success is 0.65 then mean of negative probability distribution is:

Ans:

Normal Probability Distribution

 1.      If value of  x for normal distribution is 35, mean of normal distribution is 65 and standard deviation is 25 then standardized  random variable is:

Ans:

2.      Normal distribution is also classified as:

Ans:

Null hypothesis

 1.      Any hypothesis which is tested for the purpose of rejection under the assumption that it is true called:

Ans:

 2.      Alpha/2 is called:

Ans:

T-Test

 1.      An independent t-test can be used to assess which of the following?

Ans:

2.      Conducting multiple t-test increases the likelihood of which of the following:

Ans:

ANOVA

 1.      What do ANOVA calculate?

Ans:

 2.      How many levels must there be in one independent variable for an ANOVA to be used?

Ans:

Non-Parametric Tests

 1.      What statistics is used to check the significance of the Kruskal-Wallis test?

Ans:

 2.      If   you have nominal data which nonparametric statistics should you use?

Ans:

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Block V                                                                                              

Introduction of Linear Programming

 1.      Linear programming model which involves funds allocation of limited investment is classified as:

Ans:

 2.      In transportation models designed in the linear programming , points of demand is classified as:

Ans:

Solution of LPP

 1.      Infeasibility means that the number of solutions to the linear programming models that satisfies all constraints is:

Ans:

 2.      A constraint that does not affect the feasible region is a:

Ans:

Graphical Method _Part_1

 1.      Whenever all the constraints in a linear programming are expressed as equalities, the linear program is said to be written in

Ans:

 2.      A constraint in an LP model becomes redundant because

Ans:

Graphical Method _Part_2

 1.      Which of the following statements is NOT true?

Ans:

 2.      While solving a LP problem, infeasibility may be removed by

Ans:

Simplex Method_Part_1

 1.      In simplex method, slack, surplus, and artificial variables are restricted to be:

Ans:

 2.      In simplex method basic solution set as(n-m), all variables other than basic are classified as:

Ans:

Simplex Method_Part_2

 1.      In simplex method, feasible basic solution must satisfy the?

Ans:

 2.      Third requirement of simplex method is that all variables are restricted to include:

Ans:

Simplex Method_Part_3

 1.      According to algebra of simplex method , slack variables are assigned zero coefficient because

Ans: 

 2.      The purpose of the tableau from is to provide:

Ans:

 Duality

 1.      In the linear programming, most popular non-graphical procedure is classified as:

Ans

 2.      In linear programming, term which states values of objectives functions improvement?

Ans:

 Assignment Problem & it’s solution_1

 1.      The optimal solution is found in an assignment matrix when the minimum number of straight lines needed to cover all the zeros equals?

Ans:

2.      Every basic feasible solution of a general assignment problem, having a square pay-off matrix of order, n should have assignments equal to?

Ans:

Assignment Problem & it’s solution_2

 1.      The assignments problem?

Ans:

 2.      An assignment problem is a special case of transportation problem, where?

Ans:

Assignment Problem & it’s solution_3

 1.    The Hungarian Method for solving an assignment problem can also used to solve?

Ans:

 2.      An optimal solution of an assignment problem can be obtained only if?

Ans:

Assignment Problem & it’s solution_4

 1.      An assignment problem can be solved by:

Ans:

 2.      For a salesman who has to visit n cities which of the following are the way of his tour plan?

Ans:

Least Cost Method

 1.      The distinguishing feature of an LP model is?

Ans:

 2.      One advantage of using North west corner rule to find initial solution to the transportation problem is that?

Ans:

Vogel’s Approximation Method

 1.       In applying Vogel’s approximation method to a profit maximization problem, row and column penalties are determined by:

Ans:

 2.      The northwest corner rule requires that we start allocating units to shipping routes in the:

Ans:

Modi Method

 1.       The stepping-stone method requires that one or more artificially occupied cells with a flow of zero be created in the transportation tableau when the number of occupied cells is fewer than?

Ans:

2.      Which method usually gives a very good solution to the assignment problem?

Ans:

Introduction of Operations Research

 1.      The maximization or minimization of a quantity is the?

Ans:

 2.      The improvement in the value of the objective function per unit increase in a right-hand side is there?

Ans

Introduction of Decision Theory

  1. A graphical method of representing events and courses of action may be referred to as a?

Ans:

 2.  Which of the following is not a part of decision tree problem specification?

Ans:

Decision Making Environments

 1.      When customers evaluate more than one positive dimension separately is classified?

Ans:

 2.      Theory in which consumers make their own alternatives on basis of benefits and failure is classified as:

Ans:

Decision Making under Risk

  1. In our model of decision making under different  condition, what is the difference b/w risk and uncertainty?

Ans:

 2.  For a maximization problem, the conservation approach is often referred to as the?

   Ans:

Decision Making Under Uncertainty

 1.      A situation in which a decision maker knows all of the possible outcomes of a decision and also knows the probability associated with each outcome is referred to as:

Ans:

 2.      Which one of the following does measure risk?

Ans:

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Management Functions & Behaviour (EDL 101) – Semester I

Management Functions & Behaviour (EDL 101) – Semester I

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Block I

 Concept of Management

 1.           Modern managers are:

Ans:

 2.           Coordinating people and human resources to accomplish organizational goals is the process of?

Ans:

 3.           _______ is the process of getting completed efficiently and effectively with and through other people?

Ans:

 4.           Effectiveness is Synonymous With_____

Ans:

 5.           Efficiency refers to___

Ans:

Nature of Management

 1.           Nature of management can be described as:

Ans:

2.            Management is Science is characterized by:

Ans:

 3.           Management as Art has these characteristics:

Ans:

 4.           Which one is not the characteristics of Management as Profession:

Ans:

 5.           A manager is responsible not only to its ______ but also to the society.

Ans:

Scope of Management

 1.           Management has scope in ___ the department of an business unit.

Ans:

 2.           In production department scope of management is in:

Ans:

 3.           ___________________ can be regarded as a process of identifying and assessing the consumer needs?

Ans:

 4.           ________________ is concerned with managerial and operative functions:

Ans:

 5.           The main functions of financial management includes:

Ans:

 Functions of management Planning

 1.      Planning, Organizing, directing and controlling are there?

Ans:

 2.      Planning involves defining the organization’s goals, establishing an overall strategy for achieving those goals, and developing a comprehensive set of plans_____

Ans:

 3.      Planning can’t eliminate change. Managers plan in order to____.

Ans:

 4.      _____ facilitates optimum utilization of resources which brings economy in operations?

Ans:

 5.      ______________ requires peeping in future, analyzing it and predicting it.

Ans:

Functions of Management_3_Organizing

1.      Organizing is the function of management which follows:

Ans:

 2.      Importance of Organizing Functions Include:

Ans:

 3.      Organizational ______helps in clarifying the role positions to every manager.

Ans:

 4.      How many Principles are there in Organizing?

Ans:

 5.      According to the principle, the whole work of concern should be divided amongst the subordinates on the basis of qualification, abilities and skills?

Ans:

Functions of Management_4_Staffing

 1.      Staffing is the process of choosing _____ people for organization?

Ans:

 2.      Staffing includes:

Ans:

3.      In the natural of staffing, it includes:

Ans:

 4.      Staffing Keeps lot of importance in an Organization, because:

Ans:

 5.      Which factors considered as internal factor, which affects staffing process in an organization?

Ans:

Functions of management Directing

 1.      Directing is a continues process initiated at____.

Ans:

 2.      ___________ communication helps a manager to understand the subordinates to express their feelings?

Ans:

 3.      Unity of command means getting orders/command from only_ _______supervisor.

Ans:

 4.      There are ____ principles of Directing?

Ans:

 5.      Nature of directing include:

Ans:

Functions of Management 5 Controlling

 1.      Measurement of accomplishment against the standards and correction of deviation?

Ans:

 2.      Controlling is the _____ function of the management process.

Ans:

 3.      Controlling is a ______ process in every organization?

Ans:

 4.      Planning and controlling are _____ functions of a business enterprise?

Ans:

5.      What is M.B.O?

Ans:

Levels of Management

1.      All levels of management between the supervisory level and the top level of the organization are termed___________________.

Ans:

 2.           Executive vice president, president, managing director, chief operating officer, chief executive officer, or chairman of the board are position associated with which of the following levels of managements?

Ans

 3.           The lowest level of management is ________.

Ans:

 4.           Supervisor is another name for whom?

Ans:

 5.           Functions of lower management include:

Ans:

Evolution and Foundations

 1.           _____ is a set of autonomous unit, each typically machine bureaucracies in itself, coordinated by a central headquarter?

Ans:

 2.           Which theory was proposed by Douglas Mc Gregor?

Ans:

3.            Who proposed the four principles of scientific management?

Ans:

 4.           Evolution of modern management began in the late ______, after the industrial revolution?

Ans:

 5.           Companies started emphasizing individual workers in __________.

Ans:

 Classical Theories -1

 1.           Which of the following is an example of the Hawthorne experiments?

Ans:

 2.           The schools of management thoughts developed _______ during the period are known as ‘Neo-classical school of thought’,’

Ans:

 3.           Human relation’s School approaches’ Prominent was _____

Ans:

 4.           Contributions of human relation is

Ans:

 5.           Which of the following thinkers believed that leaders are not born but also developed through proper training in human behavior?

Ans:

 Classical Theories -2

 1.           According to Max Weber, one of the principle of bureaucracy is:

Ans:

 2.           Which of the following option was created to hire highly trained specialist for the operating core?

Ans:

 3.           Which of these is a characteristics of bureaucracy?

Ans:

4.            Fayol’s has given _____ Elements of Management?

Ans:

 5.           Functional Foremanship is the concept related to___________

Ans:

 Neo-Classical Theories -1

 1.           Which of the following is an example of the Hawthrone experiments?

Ans:

 2.           The school of management thoughts developed________ during the period are known as ‘Neo-classics Schools of Thought’,

Ans:

 3.           Human Relation’s School Approaches’ Prominent advocate was______

Ans:

 4.           Contributions of Human relation is/are

Ans:

 5.           Which of the following thinkers believed that leaders are not born but also developed through proper training in human behaviour?

Ans:

NEO-CLASSICAL THEORIES -2

 1.           Who propounded the Need’s theory?

Ans:

 2.           Which of the following is a need that motivates human behaviour as per the achievement motivation theory?

Ans:

 3.           Which of the Maslow’s needs reflects individuals desires for status, superiority, self-respect, and prestige?

Ans:

4.            Who has proposed X-Y theory?

Ans:

 5.           Chester Bernard was the _________ of new Jerray Bell Telephone Company?

Ans:

Systems Approach to organization

 1.           According to which approach, management is a logical process and it can be expressed in terms of mathematical symbols and relationship?

Ans:

 2.           System theory treats an organization as a____

Ans:

 3.           __________ was the first person to utilize the systems approach in the fields of management?

Ans:

 4.           An organization is a dynamic system as it is responsive to its environment.

Ans:

 5.           System approach is based on the generalization that everything is_______.

Ans:

 Modern Organization Theory 1

 1.           How many factors influence organization in contingency approach?

Ans:

 2.           Modern organization theory is of recent origin, having developed in early _____.

Ans:

 3.           Who said, “The distinctive qualities of modern organization theory are its conceptual analytical base, its reliance on empirical researches data and , above all, its integrating natures”.

Ans:

 4.           Which approach accepts-the dynamics and complexities of the organization structure?

Ans:

 5.           Out of these, which one is not the limitation of the contingency approach?

Ans:

Modern Organization Theory 2

 1.           _________________school is also sometimes called, ‘Operation Research ”or “ Management Science School’.

Ans:

 2.           It uses scientific techniques for providing base for managerial decision?

Ans:

 3.           _________ are used to solve management problems whereas mathematical models were previously used for the purpose.

Ans:

 4.           Mathematics _____________ provide tools for analysis but they cannot be treated an independent system of management thought.

Ans:

 5.           This approaches does not give any weight age to _______ which plays a dominant role in all organizations?

Ans:

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BLOCK-II

 Planning Concepts

 1.           Planning is the ___ step which is basically a logical think process?

Ans:

 2.           Planning is deciding best _____ among others to perform different managerial functions:

Ans:

3.            Planning also involves Knowledge of the company’s resources and the future_____ of the business?

Ans:

 4.           Planning leads to _______of methods and operations for growth and prosperity of the enterprise?

Ans:

 5.           Effective planning can creates an atmosphere ____________ in organization?

Ans:

Planning objectives

1.            The personal goal aligns with the _________ of completing the subdivision

Ans.

2.            In planning , desired results translate into objectives at the various _levels

Ans:

 3.           Planning specifies ______ objectives and assumed the company will meet them as it has in the past.

Ans:

 4.           The technique championed by management expert Peter Drucker and became commonly used in the 1960’s is known as:

Ans:

 5.           MBO is a supervised and _________ activity.

Ans:

 Planning technique

 1.           Learning useful planning methods and factors eliminates _____ gap;

Ans:

 2.           There are ____ basic plans that apply to all businesses, large or small.

Ans:

3.            Strategic plans should be created by _____ only.

Ans:

 4.           A solid marketing plan will help you achieves gross income and_____.

Ans:

 5.           To make business planning come alive and succeed there are ______ simple practices that must be always be employed?

Ans:

 Organizing – Concepts

 1.           Which is not among Barnard’s features of organisational authority?

Ans:

 2.           Organizing is the function of management which follows?

Ans:

 3.           What is the duty to act according to the authority that has been given?

Ans:

 4.           Importance of Organizing Function includes?

Ans:

 5.           Organizing aims to serve?

Ans:

Organizing Delegation

 1.           An organizational practice according to which decision making freedom is available to lower level managers is classified as:

Ans:

 2.           Maximum freedom for managers and minimum constraints are main features of:

Ans:

 3.           Which organisational structure is decentralized?

Ans:

 4.           The degree of decentralization is determined by:

Ans:

 5.           Quick Decision-Making includes:

Ans:

Organizing Centralization

 1.           A process of retaining authority in the hands of a few high level managers is called:

Ans:

 2.           Minimum freedom for managers and maximum constraints are main features are:

Ans:

 3.           Which of the following structure(s) centralized?

Ans:

 4.           Centralized organizations can suffer from the negative effects of several layers of___________.

Ans:

 5.           Centralization hampers the growth and development of___.

Ans:

 Organizing decentralization

 1.           An organization practice according to which decision making freedom is available to lower level managers is classified as:

Ans:

 2.           Maximum freedom for managers and minimum constraints are main features:

Ans:

 3.           Which organisational structure are decentralized?

Ans:

 4.           The degree of decentralization is determine by:

Ans:

 5.           Quick Decision-making includes:

Ans:

 DIRECTING CONCEPT & CHARECTERISTICS

 1.           Directing is a continuous process initiated at____?

Ans:

 2.           _______ communication helps a manager to understand the subordinates to express their feeling?

Ans:

 3.           Unity of command means getting orders from only ____ supervisor.

Ans:

 4.           There are ____ principles of Directing?

Ans:

 5.           Nature of Directing includes:

Ans:

Control & Coordination

 1.           Controlling can be defined as __ performance to achieve organizational goals?

Ans:

 2.           Controlling is important & guiding to keep ___ on track?

Ans:

 3.           Control is exercised at ____ level of management?

Ans:

 4.           Co-ordination is an effort to _____ effectively energies of different groups?

Ans:

5.            ______ facilities co-ordinations by integrating the various plans through mutual decision?

Ans:

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BLOCK-III

 Learning

 1.    Human behaviour Usually Learned by observation, shapes their behaviour. This comes under___________?

Ans:

 2.           Learning does not happen all at once, but it builds upon and is shaped by knowledge

Ans:

 3.           The social Learning theory of learning is given by:

Ans:

4.            The reinforcement theory of learning is given by:

Ans:

 5.           The Classical conditioning theory of learning is given by:

Ans:

Perception

 1.           Perception is the process by human organize their ______ to give meaning to their own environment.

Ans:

 2.           People’s attitude, motives, interest, experiences and expectation affect.

Ans:

 3.           __________________ starts with the initial contact between a mother and her new infant.

Ans:

 4.           Perception is influenced by _____ factors?

Ans:

 5.           Can be defined as changes in the environment; these changes can be detected by us through external or internal manner.

Ans:

Personality

 1.           Genetic or hereditary factors may be more critical for some_______ characteristics

Ans:

 2.           Man comes to form ideas and attitudes according to the environment he lives in.

Ans:

 3.           Every culture exerts a series of general influences upon the who grow up under it.

Ans:

 4.           Which Factors determine the personality of a person:

Ans:

 5.           The ______________ also mould the personality to greater extent, through which an in individual learn various new things?

Ans:

Conflict Management

 1.           Prelude to conflict involves all the factors which possibly arise a _____ among individuals..

Ans:

 2.           Competing is the approach.

Ans:

 3.           Unmanaged or poorly managed conflicts generate a breakdown in trust and lost..

Ans:

 4.           Transactional Analysis is developed by:

Ans:

 5.           The grapevine communication means:

Ans:

 Motivation and Job performance

 1.           Motivation is the process of simulating people to actions to accomplish the ______.

Ans:

 2.           Hygiene factors are those job factors which are essential for existence _____ of at workplace.

Ans:

 3.           These needs emerge from society. Man is social animal.

Ans: 

 4.           Motivational factors include:

Ans:

 5.           Fredrick Herzberg, a behavioural scientist proposed a two factor theory or the motivator-hygiene theory.

Ans:

Co-ordination & Communication1

 1.           Which of the following options is an important issue in the definition of communication?

Ans:

 2.           Effective communication helps the managers in carrying out which of the basic function?

Ans:

 3.           Which of these is an electronic mode of communication?

Ans:

 4.           Effective communication plays a very important role in achieving ___.

Ans:

 5.           Effective communication also reduce the____.

Ans:

 Decision Making

 1.           An individual while making any _____ uses his own intuition and views?

Ans:

 2.           ________ play important roles as they determine both organizational and managerial activities:

Ans:

 3.           Individuals have a tendency to think and question before______.

Ans: 

 4.           Tactical decision is a decision:

Ans:

5.            Individuals decision making saves ______ and energy.

Ans:

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BLOCK-IV

 Group Processes & Introduction to team1

 1.           Group are almost always a _____ of a larger organization .

Ans:

 2.           A group is a based on the concept of a synergy to attain the____________.

Ans:

 3.           The buy in of the _____ is far better in a group process.

Ans:

 4.           Individuals who are not _____ with each other can never form a team.

Ans:

 5.           How many stages are there in team development?

Ans:

Leadership

 1.           Because leading is one of the four basic managerial functions, _______ leaders?

Ans:

2.            Leaders are______.

Ans:

 3. Behavioural theories of leadership focused on________.

Ans:

 4.  Which leadership style tends to centralize authority and make unilateral decision?

   Ans:

 5. A democratic consultative leader

  Ans:

Power and Politics

 1.           Power is:

Ans:

 2.           Which of the following is not implied in the definition of power?

Ans:

 3.           Which of the following is true concerning power?

Ans:

 4.           Formal power can come from:

Ans:

 5.           The most important aspect of power is that it?

Ans:

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BLOCK-V

 Organizational Structure

  1. ORG. _______ can also be considered as the viewing glass or perspective.

                Ans:

2.  It frees the manager and the individual workers to concentrate on their respective roles and responsibility.

Ans:

 3.           _______ point’s are their in importance of organizational Structure.

Ans:

 4.           Purpose of Organizational structure includes:

Ans:

 5.           Proper Balancing include:

Ans:

 Organizational Design & Organizational Culture

 1.           An organisational practice according to which decision making freedom is available to lower level managers is classified as:

Ans:

 2.           The process of dividing the work and then grouping them into units and subunits for the purpose of administration is known as:

Ans:

 3.           Organisational design is based on decision about______.

Ans:

 4.           Every organization has its unique style of working which often contributes to its ______.

Ans:

 5.           There are _____ objectives of organizational design.

Ans:

Delegation of Authority

1.            Decentralized is not the same as______.

Ans:

2.            Implication of centralized includes:

Ans:

 3.           Creating Responsibility and accountability include:

Ans:

 4.           Granting of authority includes:

Ans:

 5.           How many steps are there in delegation?

Ans:

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INFORMATION TECHNOLOGY OF MANAGERS

INFORMATION TECHNOLOGY OF MANAGERS

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BLOCK-I

Introduction to Computer

 1.           What does the Computer Process?

Ans:

 2.           Which function make computer high?

Ans:

Architecture of Computer

 1.           Which of the following is not a part of basic computer architecture?

Ans:

 2.           Which features of computer is basics of robots?

Ans:

 Central Processing Unit (CPU)

 1.           Which term gives “Number of instruction processed in a given second”?

Ans:

 2.           What do control unit do?

Ans:

Memory

1.            Which is the main memory of the computer?

Ans:

 2.           Cache memory act as:

Ans:

Primary Memory- RAM

1.            Which memory needs to be refreshed to retain the data?

Ans:

 2.           Which memory is used as cache

Ans:

 Primary Memory-ROM

 1.           Which Rom is erasable

Ans:

 2.           Which memory execute only read function?

Ans: 

Input Devices

 1.           Which are the input devices?

Ans:

2.            What is the full form of OCR.

Ans:

Output Devices

 1.           Which among is the following output devices?

Ans:

 2.           Which is correct type of output.

Ans:

Logic gates part 1

 1.           Which statement is true for logic gates?

Ans:

 2.           What does the truth table represents?

Ans:

Logic gates part 2

 1.           Which gate will have output Y=A.B

Ans:

2.            Which gate is used in full adder and subtractor?

Ans:

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BLOCK-II

 COMPUTER SOFTWARES:

 1.           Which of the following is an example of System Software?

Ans: 

 2.           What are program?

Ans: 

Programming Language

1.            Which of the following is not a Low level language?

Ans:

2.            Which generation uses visual tools to generate program?

Ans:

Operating Systems

1.            Operating System coordinates data to and from RAM. What role is it playing?

Ans:

2.            Which is not task of operating system?

Ans: 

Types of Operating System

1.            WWE is an example of which type of operating system?

Ans:

 2.           Which operating system will be well defined with fixed time constraints?

Ans:

Database management system

 1.           Which is not a task of DBMS?

Ans:

2.            What is not an ACID properties?

Ans:

 COMPONENT OF DBMS:

 1.           Which of the following is not a database application?

Ans:

 2.           How does database manage the resource?

Ans:

DBMS : Schema

1.            Which abstraction level describe the users perspective?

Ans:

 2.           Programmers work at which schema?

Ans

Data Models

1.            Which is extension of hierarchal model?

Ans:

 2.           Which statement is TRUE for network model?

 Ans:

DBMS: Relational Model

 1.           What is the basics structure of relational database model?

Ans:

 2.           What are row in relation model.

Ans:

 DBMS:ER Model

 1.           What does the notation signify.

 Ans:

2.            What is minimal super Key?

Ans: 

DBMS:ER Model- Cardinality

 1.           What is represented by double line?

Ans:

 2.           What is cardinality?

Ans :

SQL queries

 1.           Which is required to filter the records in database?

Ans:

 2.           What does grant command do?

Ans:

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 BLOCK –III

Computer Network

 1.           What is the agreement b/w sender and receiver?

Ans:

 2.           Which of the following task is not carried by protocols?

Ans:

NETWORK TOPOLOGIES:

 1.           Guess the topology, ”Devices are connected to a single hub through a cable”?

Ans:

2.            Which statement is true for tree topologies?

Ans:

 OSI model

  1. Which layer is responsible for syntax and semantic

Ans:

2.            What is present at data link layer?

Ans:

Layers of OSI model

  1. Which layer is responsible for syntax and semantic?

Ans:

2.            What is present at data link layer?

 Ans:

 Internet, Intranet and Extranet

 1.           Virtual private network connected to internet is an example of which net?

 Ans:

2.            Which network have minimum connected devices

Ans:

World Wide Web

 1.           Which of the following is an optional field in URL?

 Ans:

2.            Collection of linked web pages are known as?

Ans:

HTML

1.            Which tag represents heading in HTML?

Ans:

 2.           Which statement is true for END TAG?

 Ans:

WIRELESS COMMUNICATION – WAP PROTOCOL

 1.           WAP is optimized for device with?

Ans:

2.            What are WML?

Ans:

WAP Model

1.            What are the WAP Gateway?

 Ans:

2.            Which protocol are used on the Internet standard communication

Ans:

WAP_Architecture

1.            Which layer is useful content Developers?

Ans:

2.            What is the role of Security layers?

Ans:

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BLOCK- IV

 Management Information System

 1.           Long term perspective of the organization is which kind of information?

 Ans:

2.            Which is not a characteristics of MIS?

Ans:

Levels of MIS

1.            Middle level managements includes?

Ans:

2.            Who are considered as brain of the Organization

Ans:

Information System

1.            Which is the charactestices of information system.

Ans:

2.            What do you mean by “series of steps undertaken to achieve goal”?

Ans:

Types of Information system

 1.           Which of the following is a specialized decision support system?

Ans:

 2.           Which transaction processing system keeps track of inventory level?

Ans:

 Types of Information System part2

 1.           MIS is used for?

Ans:

 2.           Which are the activities carried by executive in office automation?

Ans:

Decision Support System (DSS)

1.            What are the programmed decision?

Ans:

 2.           What does DSS do?

Ans:

ERP

 1.           Which ERP goals targets at acquiring of customers?

Ans:

 2.           ERP is planning and Execution of?

 Ans:

Business value of ERP:

1.            Which of the following statement is true of ERP?

Ans:

2.            Which is not correct value provided by ERP to business.?

Ans:

Supply Chain Management (SCM)_Introduction

1.            Which of the following is not part of SCM?

Ans:

2.            Which is a component of SCM?

Ans:

Supply Chain Management (SCM)_Features and Product Flow

 1.           Which flow is “credit terms”?

 Ans:

2.            Which is not a feature of SCM?

Ans:

Electronic Supply Chain Management (e-SCM)

1.            A company can advertise about the product in e-SCM by which mean?

Ans:

 2.           Which factor was responsible for emergency of electronic SCM?

 Ans:

Activities and Tools of E-SCM

1.            Which tool are responsible to manage the flow of information in an organization?

Ans:

2.            Which Activity is not a part of e-procurement?

Ans:

Customer relationship management (CRM)

1.            Which of the following is not goal of CRM?

Ans:

2.            Which of the following  given set are ”Front office operations ”?

Ans:

Types of CRM

 1.           Data marts are which type of CRM?

Ans:

 2.           Operational CRM includes?

 Ans:

Approaches of CRM

1.            What all approaches of CRM are there?

Ans:

2.            The process driven approach of CRM is based on which factors?

Ans:

Electronic Customer relationship management (e-CRM)

 1.           Which statement justify the E-CRM?

 Ans:

2.            Which statement is true?

Ans:

e-CRM_benefits and implementation

1.            Which of the following is to be considered while implementing E-CRM?

Ans:

2.            Which is a benefit provided by E_CRM?

Ans:

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BLOCK-V

E commerce

1.            Which what is not a features of E-commerce?

Ans:

2.            What E-commerce is known as?

 Ans: 

Business Model of E commerce

1.            Which is an example of B2B model?

Ans:

2.            In which model business fulfill the requirement of the customers?

Ans:

Benefits of e commerce

1.            How e-commerce directly beneficial to organization?

Ans:

2.            How E-commerce is contributing in environment saving?

Ans: 

Limitations of Electronic Commerce

1.            Which is technical limitation of using E-commerce?

Ans:

2.            What do you mean by user resistance?

Ans:

Processes in e commerce

1.            What do you mean by E-publishing?

Ans:

2.            Storing of digital content to be shared later is known as?

Ans:

Electronic Data Interchange

 1.           Which statement directly clarify that EDI is responsible for lowering the cost of business processes?

Ans:

 2.           What is data element?

Ans:

M Commerce

 1.           Which word defines M-commerce?

Ans:

 2.           Which is important point to be considered in M-commerce?

Ans:

 factors, benefits and limitations

 1.           Which factor is not responsible for Emergence of M-commerce?

Ans:

 2.           Which statement is true for M-commerce?

Ans

 E-Governance

 1.           What does E-governance promise to citizen?

Ans:

 2.           How do govt. deliver information in e-governance?

Ans:

 Types of e-governance

 1.           Which G2E expansion ensures tax details of an employee?

Ans:

 2.           Which of the following is a variant of B2B model?

Ans:

Objective and benefits of E governance

 1.           What do you mean by “M” in SMARRT?

Ans:

 2.           is answerable to people and people have right to know what govt. does. Which term explains the above line?

Ans:

 challenges of E governance

 1.           Lack of communication is a challenge in E-governance. Which statement justify it?

Ans:

 2.           Why is it difficult to create citizen’s database?

Ans:

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ACCOUNTING FOR MANAGERS

ACCOUNTING FOR MANAGERS

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BLOCK-I

Financial Accounting Introduction

1.            Balance Sheet is a Statement of

Ans: 

 2.           Balance Sheet are prepared

Ans:

 3.           The Trading and profit and loss account is also called?

Ans:

 4.           One of the detailed rules used to record business transaction is.

Ans:

 5.           Which of the following companies has to pay corporation tax?

Ans:

Basic Accounting Terms

 1.           Which of the following jobs check accounting in ledgers and financial statement?

Ans

2.            The process of account is needed to

Ans:

 3.           Which of the following principle assumes that a business will continue for a long time?

Ans:

 4.           Which of the following user assesses the attractiveness of investing in a business?

Ans:

 5.           Accountant uses Generally Accepted Accounting Principles(GAAP) to make the financial information communicated

Ans:

Accounting Process

1.            Three key activity of the accountant function are identifying transactions, recording transactions, and communicating transactions, the proper order for these activities is considered to be which of the following?

Ans:

 2.           Which one of the following users of accounting information is considered to be an external user of accounting information rather than an internal user of accounting information?

Ans:

3.            All of the following people can properly be called managers. Which one of the following individuals is not considered an internal user of accounting information?

Ans:

 4.           If during the current accounting period the company’s assets increased by 24,000, and equity increase by 5,000,then how did liabilities change?

Ans: 

 5.           If at the end of the accounting period the company’s liabilities total 19,000 and its equity totals 40,000,then what must be the total of assets?

Ans:

 Journal Entries Numerical

 1.           The following is the type of journal

Ans:

 2.           The process of entering all transactions from the journal to ledger is called

Ans:

 3.           Which of the following items are used to prepare a balance sheet?

Ans:

4.  Which of the following concepts uses the rules ‘every transactions affects two                        or more ledger accounts’ ?

Ans: 

5.            A debit note is a document made out when goods are

Ans:

Subsidiary Books of Accounts

 1.           The sales income of a business during a given period is called

Ans:

2.            Any Written evidence in support of a business transaction is called

Ans:

3.            The accounting that record expenses, gain and loss are

Ans:

Real account reads?

Ans:

4.            In journal, the business transaction is recorded

Ans: 

Trial Balance

 1.           After the preparation of ledgers, the next step is the preparation of ______________

Ans:

2.            After preparing the trial balance the accountant finds that’s the total of debit side is short by INR. 1,500. The difference will be_____________

Ans:

 Trial Balance – Illustration

 1.           Trial balance is prepared to check accuracy of

Ans:

 2.           ________ is the common base for preparing a trial balance.

Ans:  

Bank Reconciliation Statement

 1.           A cash deposits made by business appears on the bank statement as____ balance.

Ans:

 2.           Bank reconciliation statement is the comparison of a bank statement with the________

Ans:

 3.           A check returned by bank marked “NSF” means

Ans:

 4.           Bank reconciliation statement is prepared by

Ans:

 5.           Bank charges amounting to $5000 was not entered in the cash book.

Ans:

Depreciation

 1.           The main object of providing depreciation is :

Ans:

 2.           Depreciation arises because of:

Ans:

 3.           Under the straight line method of providing depreciation it

Ans:

 4.           The amount of depreciation charged on a machinery will be debited to:

Ans:

 5.           Which of the following assets does not depreciate?

Ans:

Financial Statements and their Nature

 1.           The long term assets that have no physical existence but are right that have value is known as

Ans:

 2.           Patents, Copyright and trademark are?

Ans:

 3.           The debts, which are to be repaid within a short period are known as

Ans:

 4.           The following is a statement showing the financial status of the company at any given time?

Ans:

 5.           The following statement of revenues and expenses for a specific period of time.

Ans:

Fixed Assets

 1.           Loss on sale of machinery will be?

Ans:

2.            All personal, real and nominal account are opened in

Ans:

 3.           Stock on the date of a valuation is Rs 2,70,000.it had been undervalued by 10%. Actual value is_________

 Ans:

 4.           An example of fixed assets is

Ans:

 5.           Liquid or Quick assets=

Ans:

Revenue & expenses (AS 9 )& Expenses

 1.           Sales expenditure budget is prepared by estimating the expense(s) of

Ans:

 2.           A machinery is purchased for Rs 3,00,000 and Rs 50,000 is spent on its installation. Rs 5,000 is spent on fuel . What will be the amount of capital expenditure?

Ans:

 3.           A credit sale of goods to Mahindra should be debited to..

Ans:

4.            Profit can be fraudulently inflated by

Ans:

 5.           A withdraw of cash from business by the proprietor of the firm should be credited to

Ans:

Manufacturing part 1

 1.           Which of the following shows summary of a company’s financial position at a specific data?

Ans:

 2.           Which of the following financial statement summarizes the profitability of an organization for a particular period?

Ans:

3.            When a Liability is reduced or decreased, it is recorded on the :

Ans:

4.            Which of the following books of original entry should be used to record credit sales?

Ans:

 5.           Credit notes issued for goods returned to a supplier will be entered firstly in the

Ans:

Manufacturing part 2

 1.           Outstanding rent A/c is an example for:

Ans:

2.            The giving aspect in a transaction is called as:

Ans:

 3.           Cash Book is to record the:

 Ans:

 4.           Sales book is to record the:

Ans:

 5.           When equity is subtracted from total assets the amount remaining is known as which of the following?

Ans:

Illustration 2 Trading, P&L and balance sheet Numerical

 1.           Petty Cash may be used to pay

Ans:

 2.           Immediately after purchasing a new truck 20,000 is paid to have the name of the company and other advertising material painted on the truck this Rs.20,000 is a

Ans:

 3.           Bill receivable Book is a part of the

 Ans:

4.            Goodwill account is a

Ans:

5.            Bank overdraft account is a

Ans: 

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BLOCK-II

 Financial Ratio Analysis

 1.           In last year the current ratio was 3:1 and quick ratio was 2:1. Presently current ratio is 3:1 and quick ratio is 1:1. This indicates comparably

Ans:

 2.           The degree of solvency of two firms can be compared by measuring

Ans:

 3.           Proprietary ratio is calculated by

Ans:

 4.           Current ratio of a concern is 1, its net working capital will be

Ans:

 5.           Current ratio is 4:1. Net Working Capital is Rs 30,000. Find the amount of current Assets.

Ans:

Profitability Ratios_part_1

 1.           Quick ratio is 18:1, current ratio is 2.7:1 and current liabilities are Rs 60,,000.Determine value of stock

Ans:

 2.           Collection of debtors

Ans:

 3.           Overall Profitability ratio are based on

Ans:

 4.           Return on Proprietor’s funds is also known as:

Ans:

 5.           While calculating Earnings per share, if both equity and preference share capitals are there, then

Ans:

 Profitability Ratios_part_2

 1.           Net profit ratio is calculated by

Ans:

 2.           If sales is Rs 5,00,000 and net profit is Rs 1,20,000 Net Profit ratio is

Ans:

3.            If sales is Rs 10,00,000,sales return is Rs 50,000,Profit Before Tax is Rs 2,00,000.

Income tax is 40%,Net profit ratio is

Ans:

 4.           Operating ratio is calculated by=

 Ans:

5.            Determine Operating Ratio, if operating expenses is Rs 60,000, sales is Rs 94,000, Sales Return is Rs 40,000 and cost of net goods sold is Rs 6,60,000.

Ans:

  Activity Or turnover ratio

 1.           Debt Equity Ratio is 3:1, the amount of total assets Rs 20 lacs, current ratio is 1.5:1 and owned funds Rs 3 lac. What is the amount of current assets?

Ans:

2.            In the Balance sheet of a firm, the debt equity ratio is 2:1. The amount of long term sources is Rs 12 lac. What is the amount of tangible net  worth of the firm?

Ans:

 3.           Banks generally prefer Debt Equity Ratio at:

Ans:

 4.           If a compony issues bonus shares the debt equity ratio will

Ans:

 5.           An assets is?

Ans:

Liquidity, Activity, Capital Structure

 1.           A very High current ratio indicates

Ans:

 2.           Quick Assets do not include

Ans:

 3.           Financial leverage means

Ans:

 4.           In the balance sheet of amount of total assets is Rs 10 lac, current liabilities Rs 5 Lac & capital & Reserves are 2 lac. What is the debt equity ratio?

Ans:

 5.           Which ratio is considered as safe margin of solvency?

Ans: 

 Ratio Analysis( Practical Illustrations)

 1.           Current ratio is 2.5. Current liabilities is Rs.30000. The net working capital is

Ans:

 2.           The ideal quick ratio is

Ans:

 3.           The ideal level of current ratio is

Ans:

 4.           Liquid ratio is also known as

Ans:

5.            The ideal level of liquid ratio is

Ans:

Cash Flow Statement (AS 3)

1.            As per Accounting Standard-3, cash Flow is classified into

Ans:

 2.           Cash Flow Statement is also known as

Ans:

 3.           Cash Flow Statement is based upon

Ans: 

4.            Statement of changes in working capital is prepared separately in

Ans: 

 5.           The Objectives of cash Flow Statements are

Ans:

Cash Flow Statement Illustration-1

1.            Cash flow statement is based upon ________while Funds Flow Statement recognise_____.

Ans:

2.            Statement of changes in working capital is prepared by

Ans:  

 3.           ___reconciles the opening cash balance with the closing cash balance of a given period on the basis of net decrease or increase in cash during that period?

Ans:

4.            Cash outflow on purchases is calculated by

Ans:

 5.           The amount of operating expenses which are actually been paid in case are shown under:

Ans:

Cash Flow Statement Illustration-2

1.            Cash Flow Statement is prepared from

Ans:

 2.           Matches the column

                Taxes paid ________i) Cash flow investing activities

                Repayment of loans _________ii) Cash flow from operating activities

                Sale of fixed assets__________ iii) Cash Flow from financing activities

                    Ans:

 3.           For the calculation of cash flow from operating activities, payment and receipt shown in Profit & Loss account are converted into payments and receipts actually in cash by eliminating

Ans:

 4.           While preparing Cash Flow Statement, non-Cash items and non-operating items are not required to be adjusted under ___________________

Ans:

 5.           Cash Flow from sales is calculated by

Ans:

 Comparative income & balance sheet Statement

 1.           The analysis and interpretations of the financial statement will reveal

Ans:

 2.           Which of the following is the main objectives of a financial statement

Ans:

Common Size Statement- Illustration (case)

 1.           The process of explaining the meaning, significance and relationship between two financial factors is called_________

Ans:

2.            Which technique used for figure of Two or more periods are placed side by side to facilitate easy and meaningful comparison?

Ans:

Trend Ratio Analysis

 1.           Comparision of financial statement highlight the trend of the __________ of the business.

Ans:

 2.           Trend percentages and trend ratio are used in

Ans:

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BLOCK-III

 Cost accounting

 1.           Cost Accounting is an integral part of

Ans:

 2.           Cost accounting involves_

Ans:

3.            One of the following is NOT an objective of cost accounting

Ans:

 4.           Material cost do Not includes cost of

Ans:

 5.           Which one of the following is a direct expense?

Ans: 

Classification of cost

 1.           Cost which is related to specific cost object and economically traceable is classified as:

Ans:

2.            Costs are classified as fixed or variable on basis of

Ans: 

3.            Process of tracing direct costs and allocation of indirect cost is classified as

Ans:

 4.           In accounting, cost which is predicted to be incurred or future cost is classified as:

Ans:

5.            Cost which is related to specific cost object and cannot be economically traceable is classified as

Ans: 

Elements of Cost

 1.           Cost accounting provides all of the information except

Ans:

2.            Which of the following is cost behaviour oriented approach to product costing

Ans:

3.            The total of all direct expense is known as ________cost

Ans:

4.            ____________________costs are partly fixed and partly variable In relation to Output

Ans: 

5.            Depreciation is ______ Expenditure

Ans:

 cost sheet

 1.           Process of assigning indirect costs to any specific cost object is classified as

Ans:

 2.           Direct cost assignment for specific cost object is classified as

Ans:

3.            In accounting, cost incurred in past or in historical financial statement is classified as:

Ans:

 4.           Collection of cost data according system in an organized way is classified as

Ans: 

5.            Cost accounting mainly helps the management in

Ans:

 Inventory

 1.           Which type of inventory system is updated inventory System?

Ans:

 2.           Which type of inventory system requires updating the inventory balance at the end of the accounting period?

Ans: 

 Methods of Inventory Valuation (AS 2)

1.            What does FIFO mean?

Ans:

 2.           Which one of the following methods for inventory valuation may be misleading when the units are identical?

Ans:

ABC Analysis

 1.           ABC analysis is used in______

Ans:

 2.           ABC analysis is used in

Ans:

Maximum and Minimum Level

 1.           Activities related to coordinating, controlling and planning flow of inventory are classified as:

Ans:

2.            ‘Buffer-Stock’ is the level of stock

Ans:

Job and Contract Costing

 1.           In case product produced or jobs undertaken are of diverse nature, the system of costing to be used should be

Ans:

 2.           Job costing is similar to that under batch costing except with the difference that a

Ans:

 Process Costing-II

 1.           Spoilage that occurs under inefficient operating condition and is ordinarily controllable is called

Ans:

2.            An abnormal gain in a process occurs in which of the following situation

 Ans:

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BLOCK -IV

 Budgeting

 1.           Difference b/w budgeted amount and actual results are classified as:

 Ans:

 2.           Flexible budgeted variance for revenue of company is classified as

Ans:

3.            A manager who is responsible for only cost of company is classified as:

Ans:

 4.           In budgeted fixed overhead rate, number of machine hours is considered as

Ans:

5.            An actual quantity of cost allocation base in INR 56000 and budgeted quantity of cost allocation base in inr 17000 then variable overhead

Ans:

Classification of Budget

 1.           The classification of fixed and variable cost is useful for the preparation of

Ans:

 2.           Budget manual is a document

Ans:

 BUDGET RATIO

 1.           Efficiency Ratio is

Ans:

2.            Activity ratio depicts

Ans:

STANDARD COST

1.            Standard costing committee is responsible for

Ans:

 2.           The units standard costs?

Ans:

 3.           In setting price standards, the purchasing manager must consider

Ans:

 4.           When standard costs are used, the amount of detailed record keeping will normally?

Ans:

 5.           Which of the following statements are true about standard labour time?

Ans:

Standard Costing

 1.           Under standard cost system the cost of the product determined at the beginning of production is its?

Ans:

 2.           The deviation between actual and standard cost is known as:

Ans:

Variance Analysis

 1.           Variances indicates

          Ans:

2.            When actual price is higher or lower than the standard price, then it is

Ans:

 3.           Volume variance arises when

Ans:

 4.           The corrective actions after the analysis of variances has to be taken by

Ans:

 5.           When actual price is higher or lower than the standard price, then it is

Ans:

Variance Analysis-Material

 1.           Which of the following variance arises when more than one material is used in the manufacture of a product

Ans:

 2.           Basic Stand are

Ans:

Labour Cost Variance

 1.           If standard hours for 100 units of output are 400@ Rs. 2 per hour and actual hours take are 380 @ Rs.2.25 per, then the labour rate variance is

Ans:

 2.           Idle time variance is obtain by multiplying

Ans:

Material and labour cost Variance- illustration

 1.           If standard hours for 100 units of output are 400@ Rs. 2 per hour and actual hours take are 380 @ Rs.2.25 per, then the labour rate variance is

Ans:

 2.           Which of the following variance arises when more than one material is used in the manufacture of a product

 Ans:

 Sales Variance and overhead variances- illustration

 1.           Standard quantity of material for one unit of output is 10 kgs. @INR 8 per kg. Actual output during a given period is 800 units . The standards quantity of raw material

Ans:

2.            Cost variance is difference b/w

Ans:

Marginal Costing

 1.           Marginal cots is taken as equal to

Ans:

2.            If the cost of 100 units is Rs 5000 and those of 101 units is Rs 5030 then increase of Rs 30 in total cost is

Ans:

 3.           Marginal cost is computed as

Ans:

4.            Marginal costing is also known as

Ans:

 5.           Which of the following statements are true?

Ans:

Application of Marginal Costing in Decision Making ?1

 1.           Under marginal costing the cost of product includes

Ans:

 2.           The main difference b/w marginal costing and absorption costing is regarding the treatment of

Ans:

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BLOCK-V

 Cost Volume Profit Analysis

 1.           Under profit volume ratio, the term profit

Ans:

 2.           Factor Which can change the break-even point

Ans:

 Emergence of Management Accounting

 1.           Planning and control are done by

Ans:

 2.           Describe making concern the

Ans:

 3.           Decision making is involved in the following function/s of management

 Ans: 

4.            This function works like a policeman to ensure the performance of the employees.

Ans:

 5.           Purpose of management accounting is to

Ans:

Activity Base Costing

 1.           A cost driver is:

Ans:

 2.           In activity based costing, costs are accumulated by activity using:

Ans:

Stages in Activity Base Costing

 1.           Steps in ABC includes:

Ans:

 2.           Which of the following is not a benefit of ABC?

Ans:

Practical Problem-1 PV ratio, BEP and Margin of safety

 1.           The term gross margin refers to…

Ans:

 2.           Sales of Rs. 100000, variable cost Rs. 50000 and net profit ratio is 10% on sales, find out fixed cost.

 Ans:

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Business Communication (OEDL 106)- Semester I

Business Communication (OEDL 106)- Semester I

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Business Communication (OEDL 106)-
Semester I
Module I : Communication

Case Study

All of us do some kind of work to ward off starvation or to gain sufficient material wealth with a view to
maintaining that standard of living which our physical and intellectual powers have helped us to reach.
But there is another kind of work which is completely divorced from the burdensome process of our
livelihood and which is undertaken for the sake of amusement or interest or the direction of our surplus
stores of energy in some new and useful channels of refined tastes. This delightful occupation, ie
combining work with pleasure or hobby, as it is properly termed, calls for the application of our highest
faculties, and gives proper form to our healthy instincts, purposeful habits and disciplined behaviour. In
our carefree and vacant hours it allows these faculties to perform their natural functions and to display
their instinctive greatness. We devote our leisure to the pursuit of this pleasant task and derive
advantages which compare favourably with those we obtain from the bread-earning routine of our daily
life. Hobbies widen the sphere of our cultural activities, give refinement to our tastes and show us the
path that leads to our systematic mental and moral development. Our tendencies and inclinations also
find in them an outlet for a healthy and progressive expression.

“A hobby is a favourite or occupation that is not one’s main business.” In this age of machinery which
has taken upon itself most of the laborious duties of physical exertion formally performed by man, then
creating for him pleasant intervals of rest and leisure, it should not be difficult for him to devote some
time to the pursuit of a new interest that can add some charm, colour or zest to is life. The spare time
must not be frittered away in idleness or spent on such work as overtaxes his mind and body after they
have performed their normal functions for the day. The new interest will be worthwhile only if it
provides relaxation and change from ordinary occupation, banishes the drabness of routine work and
produces a feeling that life is both charming and meaningful.

The choice of hobbies, like the choice of books, purposes of reading is not an easy task. Some hobbies
demand a little guidance from experienced persons. Our sudden attachment to them without the
backing of this preliminary knowledge may result in wasting of our resources of time and money, and in
the end compel us to abandon them. Some hobbies are rather expensive and therefore, beyond the

means of ordinary people who can ill afford to spend large sums of money on them. Not a few are
incompatible with our temperament and taste. We must not, therefore, allow the glamour of certain
hobbies to blind us to their reality, howsoever tempting they may appear to us, not should we begin to
cherish them thoughtlessly because we find other people so devotedly attached to them. In the first
flush of enthusiasm may have rushed into unsuitable hobbies only to find themselves turning away from
them in a state of great disillusionment. In a few rare and exceptional cases a sudden and instinctive
choice of some hobby sometimes proves to be the right one. We must not however, forget that
tinkering with the hobby is joyless and wasteful process, unattended by any appreciable gains. Scattered
interests in half a dozen or more odd hobbies is also not a desirable end.

Question 1: Communication is an exchange of______

a. Ideas
b. Information
c. Opinion
d. All of them

Question 2:What is the correct terminology for the collective understanding of upward and downward
communications?

a. External communication
b. Internal communication
c. Vertical Communication
d. Horizonatal communication

Question 3:Which are the main barriers for communication?

a. Language barrier
b. Cultural barrier
c. Individual barrier
d. All of them

Question 4:Which of the following should one do for breaking the barrier?

a. Be a fixer
b. Be a daydreamer
c. Get proper feedaback
d. Use too many technical jargons

Question 5:Which of these are basic principles for effective communication?

a. Know your audience
b. Know your purpose
c. Know your topic
d. All of them

Question 6:Which of these are the principles for clarity of communication?

a. Correct language
b. Proper punctuation
c. Check accuracy of fact and figures
d. All of them

Question 7:Which of these is a type of business conversation?

a. Office meetings
b. Interviews
c. Seminars
d. All of them

Question 8:Which of these is a type of communication?

a. Internal communication
b. Organization communication
c. Agreement communication
d. Sales communication

Question 9:Which of these is not the 7c's of effective communication?

a. Correctness
b. Clarity
c. Courtesy
d. Complicity CORRECT
Question 10:Who defines non-verbal communication as "the transmission of messages through means
other than words"?

a. Sigmund Freud
b. Andrew Dubrin
c. Carl Jung
d. Jacques Lacan

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Module II : Presentation and interviews

Case Study
All of us do some kind of work to ward off starvation or to gain sufficient material wealth with a view to
maintaining that standard of living which our physical and intellectual powers have helped us to reach.
But there is another kind of work which is completely divorced from the burdensome process of our
livelihood and which is undertaken for the sake of amusement or interest or the direction of our surplus
stores of energy in some new and useful channels of refined tastes. This delightful occupation, ie
combining work with pleasure or hobby, as it is properly termed, calls for the application of our highest
faculties, and gives proper form to our healthy instincts, purposeful habits and disciplined behaviour. In
our carefree and vacant hours it allows these faculties to perform their natural functions and to display
their instinctive greatness. We devote our leisure to the pursuit of this pleasant task and derive
advantages which compare favourably with those we obtain from the bread-earning routine of our daily
life. Hobbies widen the sphere of our cultural activities, give refinement to our tastes and show us the
path that leads to our systematic mental and moral development. Our tendencies and inclinations also
find in them an outlet for a healthy and progressive expression.

“A hobby is a favourite or occupation that is not one’s main business.” In this age of machinery which
has taken upon itself most of the laborious duties of physical exertion formally performed by man, then
creating for him pleasant intervals of rest and leisure, it should not be difficult for him to devote some
time to the pursuit of a new interest that can add some charm, colour or zest to is life. The spare time
must not be frittered away in idleness or spent on such work as overtaxes his mind and body after they
have performed their normal functions for the day. The new interest will be worthwhile only if it
provides relaxation and change from ordinary occupation, banishes the drabness of routine work and
produces a feeling that life is both charming and meaningful.

The choice of hobbies, like the choice of books, purposes of reading is not an easy task. Some hobbies
demand a little guidance from experienced persons. Our sudden attachment to them without the
backing of this preliminary knowledge may result in wasting of our resources of time and money, and in
the end compel us to abandon them. Some hobbies are rather expensive and therefore, beyond the
means of ordinary people who can ill afford to spend large sums of money on them. Not a few are
incompatible with our temperament and taste. We must not, therefore, allow the glamour of certain
hobbies to blind us to their reality, howsoever tempting they may appear to us, not should we begin to
cherish them thoughtlessly because we find other people so devotedly attached to them. In the first
flush of enthusiasm may have rushed into unsuitable hobbies only to find themselves turning away from
them in a state of great disillusionment. In a few rare and exceptional cases a sudden and instinctive
choice of some hobby sometimes proves to be the right one. We must not however, forget that

tinkering with the hobby is joyless and wasteful process, unattended by any appreciable gains. Scattered
interests in half a dozen or more odd hobbies is also not a desirable end.

Question 1: Auditory communication is dependent on
a. Gestures
b. Hearing
c. Ideas
d. Pitch

Question 2: In oral communication speaker must be confident enough for the
a. Content
b. attitudes
c. Feelings of audience
d. The place

Question 3:Oral communication allows instantaneous exchange of
a. Opinions
b. attitudes
c. Feelings
d. All of the above

Question 4: The feedback provided by the receiver will reassure the sender that the message has been:
a. Received
b. Comprehended
c. Correctly interpreted
d. All of the above

Question 5:Verbal mode of communication may have barrier in delivering the proper message such as
a. Thoughts
b. Perceptions
c. Emotions
d. All of the above

Question 6: Vocabulary, grammar, style and format are the major elements of
a. Oral
b. Written Communication
c. verbal
d. All of the above

Question 7: What can be the format for internal communication in the organization?
a. Memo writing
b. Report writing
c. Bulletins
d. All of the above

Question 8: What is/are the major elements of oral communication?
a. Pitch
b. Volume
c. Clarity
d. All of the above

Question 9: Written communication include
a. signs and symbols
b. Monologue
c. Printed and hand written matter
d. Speech

Question 10 :____________ is a type of verbal communication
a. Oral communication
b. Written Communication
c. Body language
d. Both a and b (oral communication and body language)
100 out of 100
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MODULE III: ENGLISH FOR EFFECTIVE COMMUNICATION
Case Study
All of us do some kind of work to ward off starvation or to gain sufficient material wealth with a view to maintaining that standard of living which our physical and intellectual powers have helped us to reach. But there is another kind of work which is completely divorced from the burdensome process of our livelihood and which is undertaken for the sake of amusement or interest or the direction of our surplus stores of energy in some new and useful channels of refined tastes. This delightful occupation, ie combining work with pleasure or hobby, as it is properly termed, calls for the application of our highest faculties, and gives proper form to our healthy instincts, purposeful habits and disciplined behaviour. In our carefree and vacant hours it allows these faculties to perform their natural functions and to display their instinctive greatness. We devote our leisure to the pursuit of this pleasant task and derive advantages which compare favourably with those we obtain from the bread-earning routine of our daily life. Hobbies widen the sphere of our cultural activities, give refinement to our tastes and show us the path that leads to our systematic mental and moral development. Our tendencies and inclinations also find in them an outlet for a healthy and progressive expression.

“A hobby is a favourite or occupation that is not one’s main business.” In this age of machinery which has taken upon itself most of the laborious duties of physical exertion formally performed by man, then creating for him pleasant intervals of rest and leisure, it should not be difficult for him to devote some time to the pursuit of a new interest that can add some charm, colour or zest to is life. The spare time must not be frittered away in idleness or spent on such work as overtaxes his mind and body after they have performed their normal functions for the day. The new interest will be worthwhile only if it provides relaxation and change from ordinary occupation, banishes the drabness of routine work and produces a feeling that life is both charming and meaningful.

The choice of hobbies, like the choice of books, purposes of reading is not an easy task. Some hobbies demand a little guidance from experienced persons. Our sudden attachment to them without the backing of this preliminary knowledge may result in wasting of our resources of time and money, and in the end compel us to abandon them. Some hobbies are rather expensive and therefore, beyond the means of ordinary people who can ill afford to spend large sums of money on them. Not a few are incompatible with our temperament and taste. We must not, therefore, allow the glamour of certain hobbies to blind us to their reality, howsoever tempting they may appear to us, not should we begin to cherish them thoughtlessly because we find other people so devotedly attached to them. In the first flush of enthusiasm may have rushed into unsuitable hobbies only to find themselves turning away from them in a state of great disillusionment. In a few rare and exceptional cases a sudden and instinctive choice of some hobby sometimes proves to be the right one. We must not however, forget that tinkering with the hobby is joyless and wasteful process, unattended by any appreciable gains. Scattered interests in half a dozen or more odd hobbies is also not a desirable end.
Question 1: How can one receive information during the interview process?
a. Ask any kind of questions
b. Keep talking at every opportunity
c. Ask only questions that are directly related to the job/position
d. Conceal your experience
Question 2: How should one handle questions?
a. By confusing audience
b. Anticipate and keep answers ready
c. Know everything
d. Speak fast
Question 3: What is the meaning of ad nauseam?
a. Nauseous
b. Reptition to the point of boring
c. Endlessly long
d. Unplanned

Question 4: What is the meaning of bona fide?
a. Genuine
b. Very annoying
c. Feeling of belonging
d. Complete authority

Question 5. What kind of jokes should be avoided during the interview process?
a. Racist
b. Sexist
c. Adult jokes
d. All of them
Question 6. What should one avoid during the interview?
a. Race
b. Marital status
c. Political affiliation
d. All of them
Question 7. Which of these are common verbal communication barriers?
a. Clarity
b. Lot of questions
c. Speaking in a steady pace
d. Using jargon

Question 8. Which of these are the five elements of inteview process?
a. Getting attention
b. Esyablishing a theme
c. Presenting a structure
d. All of them

Question 9. Which of these is a type of interview?
a. One to one interview
b. Phone interview
c. Group interview
d. All of them

Question 10. Which of these is true about stage fright?
a. It leads to insomnia (wrong answer)
b. key issue is elimation of fear
c. Normal people do not have it
d. Can be used constructively
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MODULE IV : BUSINESS CORRESPONDANCE
Case Study
All of us do some kind of work to ward off starvation or to gain sufficient material wealth with a view to maintaining that standard of living which our physical and intellectual powers have helped us to reach. But there is another kind of work which is completely divorced from the burdensome process of our livelihood and which is undertaken for the sake of amusement or interest or the direction of our surplus stores of energy in some new and useful channels of refined tastes. This delightful occupation, ie combining work with pleasure or hobby, as it is properly termed, calls for the application of our highest faculties, and gives proper form to our healthy instincts, purposeful habits and disciplined behaviour. In our carefree and vacant hours it allows these faculties to perform their natural functions and to display their instinctive greatness. We devote our leisure to the pursuit of this pleasant task and derive advantages which compare favourably with those we obtain from the bread-earning routine of our daily life. Hobbies widen the sphere of our cultural activities, give refinement to our tastes and show us the path that leads to our systematic mental and moral development. Our tendencies and inclinations also find in them an outlet for a healthy and progressive expression.

“A hobby is a favourite or occupation that is not one’s main business.” In this age of machinery which has taken upon itself most of the laborious duties of physical exertion formally performed by man, then creating for him pleasant intervals of rest and leisure, it should not be difficult for him to devote some time to the pursuit of a new interest that can add some charm, colour or zest to is life. The spare time must not be frittered away in idleness or spent on such work as overtaxes his mind and body after they have performed their normal functions for the day. The new interest will be worthwhile only if it provides relaxation and change from ordinary occupation, banishes the drabness of routine work and produces a feeling that life is both charming and meaningful.

The choice of hobbies, like the choice of books, purposes of reading is not an easy task. Some hobbies demand a little guidance from experienced persons. Our sudden attachment to them without the backing of this preliminary knowledge may result in wasting of our resources of time and money, and in the end compel us to abandon them. Some hobbies are rather expensive and therefore, beyond the means of ordinary people who can ill afford to spend large sums of money on them. Not a few are incompatible with our temperament and taste. We must not, therefore, allow the glamour of certain hobbies to blind us to their reality, howsoever tempting they may appear to us, not should we begin to cherish them thoughtlessly because we find other people so devotedly attached to them. In the first flush of enthusiasm may have rushed into unsuitable hobbies only to find themselves turning away from them in a state of great disillusionment. In a few rare and exceptional cases a sudden and instinctive choice of some hobby sometimes proves to be the right one. We must not however, forget that tinkering with the hobby is joyless and wasteful process, unattended by any appreciable gains. Scattered interests in half a dozen or more odd hobbies is also not a desirable end.
Question 1: According to Gartside what are the main reasons for writing business letters?
a. Seek or give information
b. To hide evidence
c. To distract attention from future records
d. Provide an expensive means of communication

Question 2. Body of a letter is divided into
a. 1
b. 3
c. 4
d. 5

Question 3. Parts of Business letter___
a. Return address
b. date
c. salutation
d. All of them

Question 4. What are the basic characteristics of a business letter?
a. Elaborate
b. Well structured
c. Follows format
d. All of them

Question 5. Which are the essentials of effective business letters?
a. Clarity
b. Simplicity
c. Courtesy
d. All of them

Question 6. Which fo these are the C’s of business letters?
a. Crafty
b. Capricious
c. Clarity
d. Casual

Question 7. Which of these are business letter types?
a. Notes of invitation
b. Letters to newspapers
c. Letter to a friend
d. Memos

Question 8. Which of these are formats of business letters?
a. Block
b. Modified
c. Semiblock
d. All of them

Question 9. Which of these are pre stages of writing a business letter?
a. Brain storming
b. Mind mapping
c. Purpose identification
d. Editing

Question 10. Which of these are types of Letters?
a. Persuasive
b. Complaint
c. Application
d. All of them

100 on 100
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MODULE V : INTRA ORGANIZATION COMMUNICATION
Case Study
All of us do some kind of work to ward off starvation or to gain sufficient material wealth with a view to maintaining that standard of living which our physical and intellectual powers have helped us to reach. But there is another kind of work which is completely divorced from the burdensome process of our livelihood and which is undertaken for the sake of amusement or interest or the direction of our surplus stores of energy in some new and useful channels of refined tastes. This delightful occupation, ie combining work with pleasure or hobby, as it is properly termed, calls for the application of our highest faculties, and gives proper form to our healthy instincts, purposeful habits and disciplined behaviour. In our carefree and vacant hours it allows these faculties to perform their natural functions and to display their instinctive greatness. We devote our leisure to the pursuit of this pleasant task and derive advantages which compare favourably with those we obtain from the bread-earning routine of our daily life. Hobbies widen the sphere of our cultural activities, give refinement to our tastes and show us the path that leads to our systematic mental and moral development. Our tendencies and inclinations also find in them an outlet for a healthy and progressive expression.

“A hobby is a favourite or occupation that is not one’s main business.” In this age of machinery which has taken upon itself most of the laborious duties of physical exertion formally performed by man, then creating for him pleasant intervals of rest and leisure, it should not be difficult for him to devote some time to the pursuit of a new interest that can add some charm, colour or zest to is life. The spare time must not be frittered away in idleness or spent on such work as overtaxes his mind and body after they have performed their normal functions for the day. The new interest will be worthwhile only if it provides relaxation and change from ordinary occupation, banishes the drabness of routine work and produces a feeling that life is both charming and meaningful.

The choice of hobbies, like the choice of books, purposes of reading is not an easy task. Some hobbies demand a little guidance from experienced persons. Our sudden attachment to them without the backing of this preliminary knowledge may result in wasting of our resources of time and money, and in the end compel us to abandon them. Some hobbies are rather expensive and therefore, beyond the means of ordinary people who can ill afford to spend large sums of money on them. Not a few are incompatible with our temperament and taste. We must not, therefore, allow the glamour of certain hobbies to blind us to their reality, howsoever tempting they may appear to us, not should we begin to cherish them thoughtlessly because we find other people so devotedly attached to them. In the first flush of enthusiasm may have rushed into unsuitable hobbies only to find themselves turning away from them in a state of great disillusionment. In a few rare and exceptional cases a sudden and instinctive choice of some hobby sometimes proves to be the right one. We must not however, forget that tinkering with the hobby is joyless and wasteful process, unattended by any appreciable gains. Scattered interests in half a dozen or more odd hobbies is also not a desirable end.
Question 1: Basic form of agenda
a. Welcome/open meeting
b. Support for absence
c. Refreshments
d. All of the above

Question 2. How to create an effective agenda?
a. Send an email regarding meeting
b. Give out little information
c. Forego agenda item request
d. Wait for participants to contact you

Question 3. Manuals and policy statements are referred to as:
a. Upward communication
b. Horizontal communication
c. Downward communication
d. None of the above

Question 4. The Agenda communicates important information such as:

a. topics for discussion
b. presenter
c. time allotment
d. All of the above

Question 5. The content of the communication is called:
a. Message
b. Noise
c. Media richness
d. Jargon

Question 6. The notice of a meeting must specify:
a. Type of meeting
b. Name of company
c. date of issue of notice
d. All of the above

Question 7. To convert a message into groups of words, symbols, gestures, or sounds that present ideas or concepts is called:
a. Feedback
b. Encoding
c. Noise
d. Symbolism

Question 8. What function does an effective meeting agenda serve?
a. provides a blueprint
b. Reminds people of their achievment
c. Helps the leader to evade questions
d. Creates confusion

Question 9. Which of the following is not a medium of transmission?
a. Memos
b. Policy statement
c. Discussions
d. None of the above

Question 10. Which of these should one follow to compose meeting minutes?
a. List of expected attendees
b. Use to device to record
c. Be prepared
d. All of the above

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ASSIGNMENT 2
Case Study
All of us do some kind of work to ward off starvation or to gain sufficient material wealth with a view to maintaining that standard of living which our physical and intellectual powers have helped us to reach. But there is another kind of work which is completely divorced from the burdensome process of our livelihood and which is undertaken for the sake of amusement or interest or the direction of our surplus stores of energy in some new and useful channels of refined tastes. This delightful occupation, ie combining work with pleasure or hobby, as it is properly termed, calls for the application of our highest faculties, and gives proper form to our healthy instincts, purposeful habits and disciplined behaviour. In our carefree and vacant hours it allows these faculties to perform their natural functions and to display their instinctive greatness. We devote our leisure to the pursuit of this pleasant task and derive advantages which compare favourably with those we obtain from the bread-earning routine of our daily life. Hobbies widen the sphere of our cultural activities, give refinement to our tastes and show us the path that leads to our systematic mental and moral development. Our tendencies and inclinations also find in them an outlet for a healthy and progressive expression.

“A hobby is a favourite or occupation that is not one’s main business.” In this age of machinery which has taken upon itself most of the laborious duties of physical exertion formally performed by man, then creating for him pleasant intervals of rest and leisure, it should not be difficult for him to devote some time to the pursuit of a new interest that can add some charm, colour or zest to is life. The spare time must not be frittered away in idleness or spent on such work as overtaxes his mind and body after they have performed their normal functions for the day. The new interest will be worthwhile only if it provides relaxation and change from ordinary occupation, banishes the drabness of routine work and produces a feeling that life is both charming and meaningful.

The choice of hobbies, like the choice of books, purposes of reading is not an easy task. Some hobbies demand a little guidance from experienced persons. Our sudden attachment to them without the backing of this preliminary knowledge may result in wasting of our resources of time and money, and in the end compel us to abandon them. Some hobbies are rather expensive and therefore, beyond the means of ordinary people who can ill afford to spend large sums of money on them. Not a few are incompatible with our temperament and taste. We must not, therefore, allow the glamour of certain hobbies to blind us to their reality, howsoever tempting they may appear to us, not should we begin to cherish them thoughtlessly because we find other people so devotedly attached to them. In the first flush of enthusiasm may have rushed into unsuitable hobbies only to find themselves turning away from them in a state of great disillusionment. In a few rare and exceptional cases a sudden and instinctive choice of some hobby sometimes proves to be the right one. We must not however, forget that tinkering with the hobby is joyless and wasteful process, unattended by any appreciable gains. Scattered interests in half a dozen or more odd hobbies is also not a desirable end.
Question 1: How can one receive information during the interview process?
a. Ask any kind of questions
b. Keep talking at every opportunity
c. Ask only questions that are directly related to the job/position
d. Conceal your experience
Question 2: How should one handle questions?
a. By confusing audience
b. Anticipate and keep answers ready
c. Know everything
d. Speak fast
Question 3: What is the meaning of ad nauseam?
a. Nauseous
b. Reptition to the point of boring
c. Endlessly long
d. Unplanned

Question 4: What is the meaning of bona fide?
a. Genuine
b. Very annoying
c. Feeling of belonging
d. Complete authority

Question 5. What kind of jokes should be avoided during the interview process?
a. Racist
b. Sexist
c. Adult jokes
d. All of them
Question 6. What should one avoid during the interview?
a. Race
b. Marital status
c. Political affiliation
d. All of them
Question 7. Which of these are common verbal communication barriers?
a. Clarity
b. Lot of questions
c. Speaking in a steady pace
d. Using jargon

Question 8. Which of these are the five elements of inteview process?
a. Getting attention
b. Esyablishing a theme
c. Presenting a structure
d. All of them

Question 9. Which of these is a type of interview?
a. One to one interview
b. Phone interview
c. Group interview
d. All of them

Question 10. Which of these is true about stage fright?
a. It leads to insomnia (wrong answer)
b. key issue is elimation of fear
c. Normal people do not have it
d. Can be used constructively

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Quantitative Techniques in Management

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Quantitative Techniques in Management all blocks MBA SEM 1

1st Block Assessment
Case Study
Below is the percentage bar diagram according to percentage expenditure of two families. Family A and Family B on several items. Read the bar graph and answer the following questions asssuming the total expenditure value for Family A as 1000 and for family B as 500. Item names
Family A ( %
expenditure)
Family B ( %
expenditure)
Food 50 60
Electricity Bill 20 12
Rent 15 16
Water Bill 5 4
Miscellaneous 10 8

Question 1
The breadth of the bars representing the percentage expenditure denotes ________
Ratio of total expenditure of the families
Ratio of percenatge expenditure of the families
the ratio of number of members in the family
None of these

Question 2
In this percentage bar diagram the length of the bars _______
depends on the number of members of family
always remains same
depends upon the number of items spent on
none of these

Question 3
Percentage expenditure of Family A on Food is _______
65%
52%
55%
50%

Question 4
The value of expenditure of Family B on Miscellaneous is ________
50
40
55
30

Question 5
The value of expenditure of Family A on Electricity Bill is ________
450
120
100
200

Question 6
Difference between the percentage expenditure of Family A on Water Bill and
Miscellaneous is ________
5%
10%
2%
12%

Question 7
“The Cumulative percentage of expenditure for Family A on Food , Electricity
Bill and Rent is _______ ”
88%
75%
85%
70%

Question 8
Sum of the expenditure value of Family A and Family B on Food is_________
800
260
250
900

Question 9
Difference between the percentage expenditure of Family A and Family B on
Water Bill is________
20%
2%
1%
10%

Question 10
Difference between the expenditure value of Family A and Family B on Rent
is ______
100
75
200
70

Quiz Score: 100 out of 100
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2nd Block Assessment
Case Study
Below is a table given for a continuous frequency distribution. Study the table and answer the questions.
Class
Interval
Frequency
30-40 2
40-50 10
50-60 7
60-70 8
70-80 12
80-90 6
90-100 9

Question 1
The Arithmetic Mean of the given distribution is ___________
55.54
62.5
68.3
65

Question 2
The mode of the given distribution is ____________
70
74
12
70.5

Question 3
The median of the given distribution is ______________
65
72
70
70.5

Question 4
“In the short cut method of finding Arithmetic mean ” f ” stands for _______”
function
frequency
sum of frequency
none of these

Question 5
Assumed mean of a given data is the _________ of data
first value
last value
middle value
all of the above

Question 6
The Coefficient of Range for the given distribution is _________
0.54
0.35
0.7
0.4

Question 7
The Variance for the given distribution is _________
440
470.78
456.26
None of these

Question 8
The Standard Deviation of the given distribution is __________
20.97
21.69
32.3
None of these

Question 9
The ________ of Standard deviation is known as Variance
Square root
Integral
Derivative
Square

Question 10
“To find the mean deviation from mean, what amongst the following must be found?”
deviation of class intervals from mean
deviation of mean from mid point
deviaion of median from mid point
deviation of frequency from mean

Quiz Score: 100 out of 100
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3rd Block Assessment

Case Study
Consider the table below showing the cost of a fast – food hamburger meal and the cost of two movie tickets in 10 cities around the world (extracted from K. Spors, “Keeping Up with … Yourself,” The Wall Street
Journal, April 11, 2005, p.R4). Answer the following questions based on the following data.
City Hamburger Movie Tickets
Tokyo 5.99 32.66
London 7.62 28.41
New York 5.75 20
Sydney 4.45 20.71
Chicago 4.99 18
San
Francisco
5.29 19.5
Boston 4.39 18
Atlanta 3.7 16
Toronto 4.62 18.05
Rio de
Janeiro
2.99 9.9

Question 1
The Range of regression coefficient is __________
-∞ to +∞
0 to 1
-∞ to 0
-1 to +1

Question 2
Taking Hamburger and Movie tickets as X & Y variables respectively, the
value of Sum of X errors when squared is ________
11.21
23.42
10.02
15.04

Question 3
Taking Hamburger and Movie tickets as X & Y variables respectively, the value of Sum of Y errors when squared is ________
294.23
361.41
320.34
190.41

Question 4
Taking Hamburger and Movie tickets as X & Y variables respectively, the value of product of X and Y errors is ________
61.54
34.29
37.21
54.92

Question 5
Taking Hamburger and Movie tickets as X & Y variables respectively, the value of Standard Deviation of X is ______
0.21
4.29
1.29
3.21

Question 6
Taking Hamburger and Movie tickets as X & Y variables respectively, the value of Standard Deviation of Y is ______
3.09
4.29
6.33
8.21

Question 7
Co – variance value between X & Y variables is _____________
3.98
5.32
6.11
6.83

Question 8
Taking Hamburger and Movie tickets as X & Y variables respectively, the
value of coefficient of correlation “r” is _________
0
0.13
0.83
-0.67

Question 9
The estimated value of correlation coefficient for the given variables shows
that there is _______
strong positive correlation
strong negative correlation
no correlation
perfect correlation

Question 10
Taking Hamburger and Movie tickets as X & Y variables respectively, the
value of Mean of X is approximately equal to ______
5
6
7
8

Quiz Score: 100 out of 100
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4th Block Assessment

Case Study
Two random samples drawn from two normal populations are given as below:
Sample 1 20 16 26 27 23 22 18 24 25 19
Sample 2 27 33 42 35 32 34 38 28 41 43 30 37
Taking the hypothesis that two samples are drawn from the same normal population of equal variance,
answer the following questions.

Question 1
If X denotes the sample 1 values , the sum of all X values is _____
245
268
186
220

Question 2
If Y denotes the sample 2 values , the sum of all Y values is _____
432
420
397
230

Question 3
Mean of X is _____
19
22
25
17
Question 4
Mean of Y is ______
31
32
35
33
Question 5
Variance of X is ________
13.33
11.43
18.23
10.43

Question 6
Variance of Y is ________
30
25.43
28.55
29.42

Question 7
Degrees of freedom in sample 1 is _____
6
7
8
9

Question 8
Degrees of freedom in sample 2 is ____
8
9
10
11

Question 9
The value of F at 5 % level of significance for degrees of freedom of sample 1 and 2 is _____
3.279
3.11
3.386
3.529

Question 10
The value of F at 1 % level of significance for degrees of freedom of sample 1 and 2 is _____
5.92
3.53
5.2
None of these

Quiz Score: 100 out of 100
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5th Block Assessment

Case Study
A manufacturer produces two types of products P_1 and P_2. Each P_1 model requires 4 hours of carving and 2 hours of polishing where as each P_2 model requires 2 hours of carving and 5 hours of polishing. The manufacturer has 2 sculptor and 3 polishers. Each sculptor works for 40 hours a week and each polisher works for 60 hours a week. Profit on P_1 and P_2 model is Rs. 3 and Rs. 4 respectively. Whatever is produced in a week is sold in the market. Study the problem and answer the following question in order to
formulate a LPP.

Question 1
Which among the following can be a constraint for the given problem?
working hours of sculptor and polishers
hours required for carving and polishing for each product
Both (a) & (b)
None of the above

Question 2
Linear programming problem can be formulated for the given information, in
order to ______
minimize working hours of labour
maximize profit
maximizing working hours for labour
minimising profit

Question 3
x_1 and x_2 being the number of units produced for P_1 and P_2 respectively in a week’s time, objective function can be ______
3x_1 + 4x_2
4x_1 + 3x_2
3x_1 – 4 x_2
4x_1 – 3 x_2

Question 4
Total availability of hours for sculptor’s in a week is ______ hours
30
50
80
40

Question 5
Total availability of hours for polisher’s in a week is ______ hours
120
60
160
None of the above

Question 6
Constraint subject to carving can be expressed as ______
4x_1 + 2x_2 less than or equal to 40
4x_1 + 2x_2 less than or equal to 80
2x_1 + 4x_2 less than or equal to 80
None of the above

Question 7
Constraint subject to polishing can be expressed as ______
2x_1 + 5x_2 less than or equal to 60
5x_1 + 2x_2 less than or equal to 60
2x_1 + 5x_2 less than or equal to 180
None of the above

Question 8
Condition for decision variables can be expressed as _____
x_1 and x_2 are greater than or equal to Zero
x_1 and x_2 are less than or equal to Zero
x_1 and x_2 are greater than or equal to one
x_1 and x_2 are less than or equal to one

Question 9
Total processing time for P_1 for producing each unit is _____
3
4
5
6

Question 10
Total processing time for P_2 for producing each unit is _____
5
6
7
8

Quiz Score: 100 out of 100
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Full Syllabus Assessment

Case Study
1. Given the following data:
Variance of X=9
Regression equations:
4X-5Y+33=0 and 20X-9Y-107=0
2. Study the normal distribution graph given, in which 31% (items marked in red) are below 45 and 8% items
.

Question 1
Based on case study 1 – Mean Value of X is ____
13
14
15
16

Question 2
Based on case study 1 – Mean Value of Y is ____
16
17
18
19

Question 3
Based on case study 1 – Standard deviation of X is ____
4
5
6
None of the above

Question 4
Based on case study 1 – Standard deviation of Y is ____
2
3
4
5

Question 5
Based on case study 1 – Coefficient of correlation between X and Y is ______
0.4
0.5
0.6
0.7

Question 6
Based on case study 2 – Z value for x = 64 is _____
2.4
1.4
0.43
None of the above

Question 7
Based on case study 2 -Probability of the area marked as red is _______
0.34
0.31
0.38
0.17

Question 8
Based on case study 2 -Probability of the area marked as green is _______
0.8
0.5
0
1

Question 9
Based on case study 2 -Population standard deviation for the given normal distribution curve is ______
5
10
20
25

Question 10
Based on case study 2 -Z value for x = 45 is _____
5
-0.05
-0.5
0.5

Quiz Score: 100 out of 100
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Live Interactive session Test

Question 1
Which one of the following research methods is most likely to be quantitative in nature?
Surveys
Projective techniques
In-depth interview
Participant observation

Question 2
Number of observations are 30 and value of arithmetic mean is 15 then sum of all values is
150
450
200
45

Question 3
Binomial Distribution is considered appropriate in a Bernoulli Process which has the property ____
Dichotomy
Stability
Independence
All of these

Question 4
All data points falling along a straight line is called:
Linear relationship
Non linear relationship
Residual
Scatter diagram

Question 5
A process by which we estimate the value of dependent variable on the basis of one or more independent variables is called:
Correlation
Regression
Residual
Slope

Question 6
The value of coefficient correlation lies between
0 to 1
minus one to plus one
zero to minus one
one to ten

Question 7
According to Simplex Method to solve a LPP, the intersection of Key Row and Ket Column is called ______ element.
Key
Main
Pivot
All of these

Question 8
When mean remains constant and there is a large number of trials but a small probability of success, then _____
Poisson Distribution tends to Binomial Distribution
Binomial Distribution tends to Poisson Distribution
Binomial Distribution tends to Normal Distribution
Normal Distribution tends to Binomial Distribution

Question 9
In case of _________ events, the multiplication rule of probability is P(A.B) =
P(A) . P(B).
Dependent
Independent
Both of these
None of these

Question 10
Sum of the product of the different values of the random variable and their respective probabilities generates ________
Expected Vaue
Mean
both of these
none of these

Question 11
If t- value fall out of the range of the critical values, then ______
Alternate Hypothesis is rejected
Alternate Hypothesis is accepted
Null Hypothesis is accepted
no conclusion can be drawn

Question 12
t – distribution is used instead of the normal distribution when we have ______samples in picture
small
large
very large
none of these

Question 13
Random variables can be considered as function with domain elements as ______
sample space
natural numbers
real numbers
none of these

Question 14
According to the Empirical Rule of Normal Distribution, ______ percent of the data falls within 2 standard deviations.
95
68
92
99.7

Question 15
Which amongst the following can be called as component of a LPP.
A set of constraints
An objective funtion
A set of decision variables
All of these

Quiz Score: 150 out of 150
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Management Functions & Behavior

We Also Provide SYNOPSIS AND PROJECT.
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AMITY (Assignment)
MBA
Semester 1

Management Functions & Behavior
Management Function and Behaviour MBA SEM 1

1st Block Assessment
Case Study
A young psychologist who had just joined the personnel staff of one of the major oil companies was almost immediately contacted by the man in-charge of management development about the possibility of conducting a program for the managers in research and development (R & D). There was a serious problem; a number of top scientists had been moved up into management, primarily to make it possible to pay them enough so they would not be pirated away by other oil companies. Often these individuals knew practically nothing about management and cared even less. As far as they were concerned their satisfactions and rewards came from scientific research, not their “phony” management positions. The problem was that they had subordinates who needed supervision, and they had numerous other managerial responsibilities as well. Could a management development program be devised that would help solve this problem? The psychologist believed that something could be done, but he and the director of management development encountered considerable skepticism on the part of top-level R & D management. They recognized the problem but were not at all sure that management development was the solution. Finally, the R & D vice president agreed to a pilot program for fifteen of his managers whose judgement he particularly valued. There would be one session a week on Tuesday afternoon, lasting about two hours, and if all went well the program would extend to 10 weeks. If the program appeared promising in the opinion of this initial group, it would be extended to additional groups of R&D managers as quickly as possible. The psychologist was given a clear message that he was very much on trial with the initial group.
The first session went very well right up to the lecture part and the question-and-answer period. Then a chemist, who had a long string of pattern to his credit and whose research was widely respected by the group, began to raise a series of questions about the scientific validity of what the psychologist was saying.
His point was that the field of management was not a ‘real science’, was not grounded in research, and had its origin in company folklore and ‘armchair philosophizing’. At least this was the impression he had gained, and he wondered if the psychologist would like to comment on this. The others seemed to have similar feelings, and it became apparent that this particular group would be impossible to influence unless it was established that management subject matter is grounded in science. The psychologist recognized that this whole program might be in jeopardy.

Question 1 10 / 10 pts
The management development program was designed for
middle Level
Top Level
none of the above
Low Level

Question 2 10 / 10 pts
In the case described the top level executives in the organisation are concerned with
Management problems
Scientific Research problems
none of the above
all the problems in the organisation

Question 3 10 / 10 pts
The major objective of conducting management development program was
to
New Marketing concept
none of the above
Introduce a new product
Acquaint the employees with various management practices

Question 4 10 / 10 pts
The Management Development Program was conducteded in the
Human Resource department
Marketing Department
Research and Develpoment Department
none of the above

Question 5 10 / 10 pts
Pilot program was focused on a
Small samples
Both a & b
none of the above
Large Sample

Question 6 10 / 10 pts
Top scientist believed in
none of the above
Qualitative validity of the concepts
Scientific Validity of the concepts
Both a & b

Question 7 10 / 10 pts
Scientist believed that field of management is a
Real Science
none of the above
Both a&b
Real art

Question 8 10 / 10 pts
“””The psychologist recognised that this whole program might be in jeopardy”” implies”
It was a real mess
Poor Marketing Strategies
On Trial basis
Was A Success

Question 9 10 / 10 pts
The case focuses on
Improving the Performance of the employees.
Effective Leadership
Highlighting the Importance of Theory
Comparison between theory and scientific approach of management.

Question 10 10 / 10 pts
The young psychologist who had joined the personal staff was
Confused
thought it to be Challenging
none of the above
Thrilled

Quiz Score: 100 out of 100

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2nd Block Assessments

Case Study
XYZ Supply Co., Inc. is the largest wholesale distributor of roofing supplies in the United States, and one of the nation’s largest distributors of siding, tools, windows, other select exterior building products and related supplies. Since our start in 1982, we’ve grown to become a national organization with more than 500 branches and other facilities in 44 states, over $4 billion in sales, over 7,000 employees and a company that has won the many Awards in the last six years in a row.
Business Situation
XYZ Supply Co. in the St. Louis market, which included 6 different locations, needed immediate temporary workers to meet their staffing demands due to heavy storms that past through the Midwest in the spring of 2012. They had never previously used a temp staffing company locally, but due to the urgency, they made a decision to partner with Human Resource Staffing. They made this decision due to the high number of employees they needed to acquire and the lack of the resources they had locally in their HR Department.
The skill set, experience and education of the needed employees was a wide range and would require
different recruiters to handle each. These positions included: warehouseman, general labors, clerical,
purchasing, warehouse managers and inside sales. There was a time frame of 2 weeks to set up and deliver a total of 140 people in the first month.
Solution Human Resource Staffing went to work immediately by first analyzing the requirements and the amount of staff needed to produce the results in a short time frame. We partnered with XYZ Supply’s corporate human resource department, working closely with them to make sure we were not only providing quality applicants,
but also ones that would fit with their award winning culture. We set up a one day job fair at a local hotel with 3 of our recruiters, the VP of Sales, the Account Executive in charge of the account, along with 2 corporate HR representatives from XYZ Supply’s corporate office. The team proceeded to do over 125 interviews for the day, with the goal of each interview lasting no more10-15 minutes, and with a grading scale of 1-4 for each applicant. The day after the job fair we then started re-contacting the top candidates to schedule a time to bring them in for job specific testing, drug testing, reference and background checks so that offers could be made. This was handled by the three Human Resource Staffing offices so that it was geographically favorable for the final candidates depending on where they would be placed at one of the 6 XYZ Supply locations. With any positions that there were not enough quality candidates, Human Resource Staffing then
supplemented this with contacting current employees in our data base, ads on job boards, employee
referrals, word of mouth and walk-ins to XYZ Supply stores. The Human Resource Staffing Account
Executive went out and met with each one of the store managers individually at all 6 locations so that they could identify a good cultural fit that each manager was looking for in their own store.
The Results
Within one month of the start of the project, Human Resource Staffing was able to provide a total of 140 employees to XYZ Supply Inc during this very challenging time. It was not just the quantity of the temporary workers, but also the quality that we were able to deliver. Many workers worked an additional 8-32 hours of overtime weekly. This scope of business continued for about 5 months until the production slowed down, and approximately 6 were hired on permanently. XYZ Supply Inc said that they had tried this same process around the country previously, but we were the only company to exceed their expectations.

Question 1 10 / 10 pts
“As per the case, the main objective of staffing is to
____________________”
Motivate the employees
Train the employees
Meet the staffing demands
All of the above

Question 2 10 / 10 pts
“The human resource staffing went for work in XYZ, by first”
development of the employees
analyzing the requirement
Job Description
None of the above

Question 3 10 / 10 pts
XYZ supply Co. was working for
Job specification
Job Description
Job analysis
None of the above

Question 4 10 / 10 pts
XYZ supply Co. described its process of
Recruitment
Selection
Both a&b
None of the above

Question 5 10 / 10 pts
XYZ supply Co. implied selection as a
Negative process
Positive Process
Neutral process
None of the above

Question 6 10 / 10 pts
H.R staffing of the company highlighted that the focus of HR department is
Quality applicants
Who could bend with the culture of the company
Right people at right place
All of the above

Question 7 10 / 10 pts
“Candidates were contacted by employee referrals, current employees in the database These are _____________”
Various recruiting sources
Various Training techniques
Various appraisal techniques
All of the above

Question 8 10 / 10 pts
The organization/company when decides to transfer its present employees to
different jobs is called as
Appraisal
Job rotation
Recruitment process
None of the above

Question 9 10 / 10 pts
Approximately 6 were hired on permanently. This decision was based on
Training & Description
Job rotation
Selection
Appraisal

Question 10 10 / 10 pts
The case can be best summarized as
Challenges of staffing
Success of Staffing
Challenges of H.R
Process of recruitment and selection

Quiz Score: 100 out of 100
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3rd Block Assessments

Case Study
Until the mid- 1970s, the name Kodak was synonymous with the yellow boxes in which it marketed its products boxes symbolizing quality film, technically excellent cameras for amateur photographers, and continued profits for investors. The company was known for its determined self-alliance, even maintaining a herd of cattle to provide gelatin for its film process. As an employer, Kodak was a lifetime safe bet for recent high-school and college graduates, and company loyalty among its employees was of the sort more commonly associated today with Japanese companies . There were no strikes in the U.S. plants, and the family -like corporate culture-generous, hierarchical, conservative, fiscally sound- pervaded the company and spun off benefits for the entire Rochester, new York, community. But then the world changed very
quickly for kodak. Kodak had been slow to respond to new markets opening in its business. Customer tastes had shifted from the cheap but dependable standard product, like familiar Brownie or the Instamatic camera, to the sophisticated VCRs and feature-loaded instant cameras. The electronic revolution made many more options available to amateur photographers and radically altered the technology of the industry. The decline in the use of silver halide film and subsequent increases in electronic image processes made kodak aware of the success of the instant camera. But when Kodak ventured into the instant camera market, it found itself involved in an embarrassing legal battle with Polaroid over patents. On January 9, 1986, Kodak lost the court battle, and a week later laid off 500 employees. In addition, there was foreign competition in both cameras and film. While Kodak still has the Lion’s share of the U. S. color film market, one Japanese firm, Fuji is moving up fast in quality and the market share. In addition, high end sophisticated equipment manufactures like Nikon and Minolta developed “ Point and shoot” cameras for the amateur market as soon as electronic advances made these developments
possible.
In light of these troubles, Kodak has reorganized and trimmed its force work by some 12,000 people
worldwide. It may have to close down facilities worth $230 million. Its managers have begun to pay more attention to the external environment and the changes in it. They have begun to speed up their product development process and have made some acquisitions of innovative companies. In addition, they have begun to rely on others for partnerships in some business and have started ventures into biotechnology and electronic publishing.

Question 1 10 / 10 pts
Kodak sales decline because of
both a&b
Not being updated with the latest technology
Lack of knowledge about environmental factors
None of these

Question 2 10 / 10 pts
Name the various competitors of Kodak in the market as described in the
case
Nikon
Minolta
Fuji
All of the above

Question 3 10 / 10 pts
Which function Kodak failed to concentrate on
Lack of direction and management control
Lack of technological upgradation
Lack of communication
Lack of co-ordination

Question 4 10 / 10 pts
______________ management function of Kodak was most affected/hampered by it’s policies
Staffing
Planning
None of the above
Organizing

Question 5 10 / 10 pts
Kodak after realizing it’s mistake focused on ______________
None of the above
Concentratetd on New Product Development process
Both a&b
The various environmental factors

Question 6 10 / 10 pts
Kodak’s strategy of remaining in markets was focused on
Management control
Job Performance
Communication
Diversification

Question 7 10 / 10 pts
Initially Kodak was a _______________
Very Centralized
Decentralized
Dream company to work with
None of the above

Question 8 10 / 10 pts
Kodak failure to remain in market can be attributed to _____________________
Lack of perception about the market
None of the above
Conflict Management
Lack of motivation

Question 9 10 / 10 pts
Eastman Kodak journey can be best summarized as____________________
Kodak’s effort to recapture the market
Kodak staffing policies
Kodak’s journey from success to failure
None of the above

Question 10 10 / 10 pts
“””Kodak was synonymous with the yellow boxes”” means”
Kodak was market followers
Kodak was market leaders
None of the above
Kodak was market competitors

Quiz Score: 100 out of 100

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4th Block Assessments
Case study
“Jack and the People Factory”
Monday, September 17, 2001
In over two decades as CEO, Welch boosted GE’s market cap by nearly half a trillion dollars. Clearer proof of a CEO’s shrewdness and business wisdom would be heard to find. Yet reconstructing his career for the book, says Welch, brought a revelation: “ I was surprised by how many of the insights I got to in my career were there at the beginning, I just wish I’d moved faster. It took me 20 years to do what clearly could have been done in ten.”

I had been working at GE for a year as an engineer making $10,500 when my boss handed me a
$1,000 raise. I was okay with it-until I found out later that day that I’d gotten exactly what all four of us sharing an office received. I thought I deserved more than what my boss called the “standard” increase. I talked to him, but the discussion went nowhere. So, I quit. Shortly after, a young executive based in Connecticut invited Carolyn and me to dinner at a restaurant in Pittsfield. Over dinner, for four straight hours, he was hell-bent on keeping me at GE. He promised to get me a bigger raise and more important, vowed to keep the company bureaucracy out of my way. By adding $2000 to the $1,000 raise and promising an increase in responsibility and cover from the bureaucracy the young executive showed me he really cared.
Ever since that time, differentiation has been a basic part of how I manage. But differentiation is all about being extreme, rewarding the best and wedding out the ineffective. Rigorous differentiation delivers real stars-and stars build great businesses.
Obliviously, I wasn’t a natural fit for the corporation. I had little respect or tolerance for protocol.
Facing reality and performing became the mantra of GE under Welch. He gradually rebuilds the company into what he calls a “people factory” that generated success by richly rewarding talented managers and relentless culling inferior ones. Welch explains how differentiating between good and bad performers, the lesson he learned as a young plastics engineer of a global corporate giant.
In a company with more than 300,000 employees and 4,000 senior managers, we need more than just
touchy-feely good intentions. There has to be a structure and logic so that every employee knows the rules of the game. Rigor is what brings our people system to life. Every year we’d ask each of GE’s businesses to identify the people in their organizations whom they considered in the top 20%, the middle 70%, and finally the bottom 10%. If there were 20 people on the management staff, we wanted to know the four in the top 20 % and the two in the bottom 10%-by name, position, and compensation. The underperformers generally had to go.

Question 1 10 / 10 pts
The case _____________________________ is about
all of the above
Motivating
Decision Making
effective leadership

Question 2 10 / 10 pts
The case is a description about
None of the above
Effective leadership
Work Dissatisfaction
Both a&b

Question 3 10 / 10 pts
Rigorous differentiation in the case is described as
Lay off as per the work
all of the above
work based promotions
work based incentive

Question 4 10 / 10 pts
The greatest motivation for the employees in the case is
None of the above
Right appraisal
Salary
competition

Question 5 10 / 10 pts
“””Welch boosted GE’s market up by nearly half a trillion dollars”” means”
knows competitors
Welch is an effective leader
understands market well
none of the above

Question 6 10 / 10 pts
Welch’s style of leadership is _______________
Intellectual
charismatic
autocratic
democratic

Question 7 10 / 10 pts
The decisions regarding the underperformers fall under the category of
Basic decisions
Routine decisions
Strategic decisions
Tactical Decisions

Question 8 10 / 10 pts
Welch’s role as CEO can be best described as
Both a&b
Building high morale
an inspiration to employee
None of the above

Question 9 10 / 10 pts
Welch in the beginning talked about
his failure
None of the above
expressed his lack of insights
was not technology savvy
Question 10 10 / 10 pts
The case can be best summarized as
None of the above
Different styles of motivating employees
Different styles of Staffing
Different styles of Compensation

Quiz Score: 100 out of 100
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5th Block Assessments

Case Study
IBM decentralized its European operations in 1968 in order to allow local managers to react more quickly to local problems. IBM’s relatively centralized structure had been responsible for poor customer service and higher costs. The first step in the European reorganization involved major delegation of authority to local subsidiaries in each notion. Most of the delegation involved marketing functions and the need to get closer to different consumer groups. The second step split local subsidiaries into two groups, each reporting to IBM Europe’s Paris headquarters. One group consisted of the three largest and fastest growing customer countries- France, Italy and West Germany. The other group consisted of the other countries.
The next year, sales and profits rose, but not enough for IBM’s top management. So in 1987, 40 percent of the Paris headquarters staff was reduced in order to cut administrative cost. Efforts were made to make the European operation more independent, so that it could deal with European problems as European. Each subsidiary was instructed to negotiate main frame sales independently and to be more responsive to local needs, Indeed the streamlining and decentralizing of IBM Europe countries.

Question 1 10 / 10 pts
The case of IBM highlights that the company is now following
Decentralization
span of control
Chain of command
centralisation system

Question 2 10 / 10 pts
IBM was now following _________________ of authority
None of the above
Delegation
Unity of command
Centralization

Question 3 10 / 10 pts
All effects of IBM lead to ________________
None of the above
New types of organization structure
No Substantial increase in profits
Proper decentralization

Question 4 10 / 10 pts
IBM followed ____________ to connect to local customers
Decentralization
Both a&b
Centralization
None of the above

Question 5 10 / 10 pts
The decision of IBM to split into 2 steps is a part of
None of the above
Departmentation
Both a&b
Delegation

Question 6 10 / 10 pts
IBM was not able to gain profits because of its _____________ organization
system
Decentralized organization system
Centralized organization system
Poor organization system
None of the above

Question 7 10 / 10 pts
IBM’s new strategies aimed at
Differentiating between power and authority
Differentiating line & staff
differentiated between centralization and decentralization
differentiating between different types of organization

Question 8 10 / 10 pts
Each subsidiary was instructed to negotiate mainframe roles independently
implies
All of the above
IBM changed the organization structure
IBM followed span of control
IBM implemented the delegation of authority

Question 9 10 / 10 pts
The IBM’s changing strategy is to
Both a&b
Change the organization policies and structure to connect to local customer
None of the above
increase profits

Question 10 10 / 10 pts
IBM’s case can be best summarized as
Organization structure at IBM
Centralizing at IBM
Authority at IBM
Decentralizing at IBM

Quiz Score: 100 out of 100

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Full Syllabus Assessment

Case Study
Hiring contingent workers can be a blessing for both organization and individual. Contingent workers provide employers with a rich set of diverse skills on an as-needed basis. In addition, hiring precisely when the specific work is to begin is cost effective. Moreover, individuals who desire to work less than full time are also given the opportunity to keep their skills sharp. At the same time, being contingent workers permits them to balance their commitment to personal matters and their careers. Many of the blessing s for individuals, however, resolve around the central assumption that an individual chooses to be a contingent worker. Unfortunately, such an assumption is not always valid. Jobs in the global village have shifted in terms of requisite skills and locations, and that trend is expected to continue. Consequently, the involuntary contingent workforce is expected to grow in the years ahead.
Being part of the contingent workforce, even if not by choice, might not be so bad if employees receive benefits that organizations typically provide to their full-time permanent employees. For instance, as a contract worker, you are required to pay all of your Social security premiums. For core and some part-time employees, the employees and the employer share in this “tax”, so some of that “extra” hourly rate of the contingent worker is taken away as an expense. Added to Social security are such things as paying for one’s health insurance. Buying health insurance through an organization that receives group rates is
generally cheaper than having to buy the insurance yourself. Another expense for the contingent worker is having to pay for one’s office supplies and equipment. As for time off with pay benefits, forget about it.
Vacation, holidays, sick leave? It’s simple. Take all you want. But remember, when you don’t work, you don’t get paid!
Nearly two decades ago there were 619,000 temporary jobs in the United States. Today that number is over 14 million. Similar trends have also been witnessed in Europe and Asia. How do employees feel about this growth in temporary work? Even though some employees appear to prefer the flexibility their contingent status affords them, it’s probably accurate to say that the majority of the workforce prefers permanent, full time employment. But in a world of rapid change, permanent employees sometimes limit management’s
flexibility. A large permanent workforce, for example, restricts management’s option and raises costs of firms that suffer the ups and downs of market cycles. So, we can expect employers to increasingly rely on
temporaries to fill new and vacated positions.
Surveys of U.S. managers reveal significant differences in values, attitudes, and beliefs that they personally hold and what they encounter in the workplace and this discrepancy is not simply a U.S. phenomenon.
Managers around the world , in such places as the Pacific Rim, Europe, and India are all facinf the same predicaments.

Question 1 10 / 10 pts
Contingent workers can maintain
good finance
rare skills
work life balance
All of the above

Question 2 10 / 10 pts
Contingent workers receive ____________ benefits as compared to full time
workers
none of the above
less
more
equal

Question 3 10 / 10 pts
The management trend of hiring contingent workers is
All of the above
a blessing
is cost effective
need of an hour

Question 4 10 / 10 pts
Hiring Contingent workers is becoming a ________ trend in todays scenario.
Unpopular
Mandatory
Popular
None of the above

Question 5 10 / 10 pts
Contingent workers are ________________ to an organization
All of the above
liability
beneficial
loyal

Question 6 10 / 10 pts
Hiring Contingent workers is a decision taken by
Low level Management
Top Level Management
Middle level management
None of the above

Question 7 10 / 10 pts
The scenario 1 can be best summarized as
Opportunities for employees
COntingent workers- A blessing or a disguise
None of the above
employment trend of next decade

Question 8 10 / 10 pts
The scenario 2 describes the difference of ___________
thoughts
nature
None of the above
Attitudes

Question 9 10 / 10 pts
“If your manager directs you to do some work, against the values and beliefs
. It is called as _______”
Unethical Organisation
Ethical organisation
Competitive
None of the above

Question 10 10 / 10 pts
Scenario 2 can be best described as
Management versus employees thinking
“Values , beliefs of the organisation”
Ethics in management around the globe
none of the above

Quiz Score: 100 out of 100

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Live Interactive Session Test

Question 1 10 / 10 pts
Managerial skills required a top level
Human Skills
Conceptual skills
Technical Skills
None of the above

Question 2 10 / 10 pts
____________ Thoery is referred to as behavioural science approach
focused more on human and social aspects of the workers
Neo Classical Theory
Classical Management
Modern Organization
None of the above

Question 3 10 / 10 pts
Planning helps in
Unifying Framework
reduces the risk of uncertainity
Improves morale
All of the above

Question 4 10 / 10 pts
“____________ is deciding in advance what to do, how to do it, when to do it and who has to do it.”
Organizing
Staffing
Planning
Directing

Question 5 10 / 10 pts
MBO stands for
Management for Objectives
Measuring by Objectives
Management by Objectives
None of the above

Question 6 10 / 10 pts
“In ___________ organization charts, the flow of authority passes from top to bottom”
Vertical Charts
Horizontal Charts
Circular Charts
None of the above

Question 7 10 / 10 pts
Span of Control refers to
difference between authority and responsibility
One reporting superior
The number of subordinates a supervisor has
None of the above

Question 8 10 / 10 pts
Organizations should strive to promote Team spirit and Unity
Espirit de corps
Authority
Discipline
Division of work

Question 9 10 / 10 pts
“When employees are specialized, output can increase because they
become increasingly skilled and efficient”
Authority
Discipline
Division of work
None of the above

Question 10 10 / 10 pts
________ Is a relatively permanent change in behaviour that occurs as a
result of persons interaction with the environment
Perception
Learning
Personality
None of the above

Question 11 10 / 10 pts
_________________ is a phenomena of using power and manipulative skills
to achieve personal gains
Group
Leadership
Politics
None of the above

Question 12 10 / 10 pts
____________ is the number of different levels of authority and command in
the organization structure
Scalar chain
Span of Control
Unity of command
None of the above

Question 13 10 / 10 pts
When decisions are made closer to the customer is called as
Centralization
Decentralization
Unity of command
None of the above

Question 14 10 / 10 pts
______________ is the ability of a manager to share his burden with others
Authority
responsibility
Delegation
None of the above

Question 15 10 / 10 pts
Stages of group development begins with
Storming
Performing
Mourning
Forming

Quiz Score: 150 out of 150
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Information Technology For Managers

We Also Provide SYNOPSIS AND PROJECT.
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AMITY (Assignment)
MBA
Semester 1

Information Technology For Managers
Information Technology for Managers All Blocks
1st Block Assessment
CASE STUDY

Question 1
which figure denotes AND gate?
Figure 2
Figure 4
Figure1
Figure 6

Question 2
Which figure denotes XOR gate?
figure5
Figure6
Figure1
Figure 4

Question 3
which logic gate denotes inverted output?
NOT
NOR
AND
XOR

Question 4
Addition of inputs is done in which gate?
OR
XOR
AND
NOR
Question 5
Multiplication along with negation is given by which of the following?
NOT
OR
AND
NAND

Question 6
which of the follwoing are exclusive operator?
OR
AND
NOT
NOR

Question 7
Which is not a logic gate?
NAND
XAND
XNOR
XOR

Question 8
what does truth table denotes?
algebraic values
non functional values
polynomial values
functional values

Question 9
“If one or more input is high, it gives HIGH output. which gate is it?”
AND
NOT
OR
XOR

Question 10
An even number of 1’s at the input produces 0 at the output. Which gate is it?
XOR
XNOR
None of the above
XNAND
Quiz Score: 100 out of 100

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2nd Block Assessment
CASE STUDY
Consider the following ER-Diagram:

Question 1
What does an ER diagram represents?
flow
relationship
process
mechanism

Question 2
Who is identifying an Entity?
Attend
studies
Has
Age

Question 3
Which is showing (1:N) cardinality?
Class & section
studeny & address
student & class
Attend & subject

Question 4
Which is a derived attribute?
street
subject ID
Age
Attends

Question 5
Which is a recursive relationship?
Class & section
studeny & address
student & class
Attends & subject

Question 6
Which is a key attribute?
hours#
Class_ID
city
section_ID

Question 7
Which is a weak entity?
student
subject ID
Section
Class

Question 8
Which word define entity?
Object
subject
process
relationship

Question 9
Which is a category of an attribute?
derived
Simple
All of these
Composit

Question 10
What is cardinality?
All of these
modularity
Specifies how instances of an entity are related
numerical attributes of the relationship between two entities

Quiz Score: 100 out of 100
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3rd Block Assessment
CASE STUDY
Following is the HTML form generated.

Question 1
which tag is responsible for displaying of the content on the form?
form
html
body
head

Question 2
What is the full form of HTML?
Hyper Text Markup Language
Hyper Test Markup Language
Hyper Text Makeup Language
Hyper Text Making Language

Question 3
“p” tag defines?
new line
word space
paragraph
line break

Question 4
which is the root element of an HTML page?
html
head
body
title

Question 5
which tag is used to create spaces between lines?
br
ln
p
h

Question 6
Where do we write an HTML program?
Browser
Notepad
Ms-word
Console

Question 7
how do you introduce a checkbox in the form?
form
style
input
select

Question 8
which attribute will make a dropdown list?
select
input
style
form

Question 9
what is the role of “form action”?
none of the above
display form
specify landing page
create form

Question 10
which statemement is true for HTML tags?
the opening and closing tags should always be in lower case
the opening and closing tags need not be same
the opening and closing tags should always be in capital
the opening and closing tags should be exactly same

Quiz Score: 100 out of 100

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4th Block Assessment
CASE STUDY
Fray network uses the internet to link with its suppliers. The driving force behind Fray Network extranet, however, was the company’s need to link its supply chain systems with its distributers. For years we have wanted daily point-of-sale information from our distributers; says Samantha Darcy, CIO of the western region, New York, manufacture of networking devices. With such data, the company knew its manufacturing unit could match production levels better to demand. After meeting with several distributers, Darcy discovered that these business partners had the technical resources to provide the data, but needed a link between their sales tracking systems and Fray Networks supply chain systems. In, effects, Fray Networks wanted to have a look into its fusions ordering systems and it’s devised an extranet to do so. Fusion Net, the company’s extranet, is a conduit for Fray Networks to give distributers the timely sales data they need. But Darcy still had to cajole distributors in to giving them data back, because some tracked their sales weekly, not yet daily. Moving from weekly to daily sales reports required distributors to do some order-system recording. They were a little hesitant to do the extra work, Darcy says. But by pointing out that Fusion Net would give distributers critical information such as Fray Networks’ production capacity and inventory data, Darcy persuaded them to accept the system and do the recording. When taking customer orders, distributers now can check Fray Networks inventory status to see how many routers are available for immediate shipping, for example, and how many will be available within a week. Enabling distributers to track shipment status with Amber courier services, Did not hurt either. ‘The real issue is that {distributers} have to believe that this will radically change the business for the better,’ Darcy says, ‘for themselves as well as for Fray Networks.’ On the other end of the supply chain, Fray Networks can see how many orders have been placed so it can step up production during peak sales periods. The result, Darcy says, is that customers get their order faster. Both distributers and Fray Networks benefit from that. ‘When you are going outsiders access to sensitive data such as production schedules for the first time, security is the major concern,’ he says.to address that issue, Fray Network’ distributors and suppliers each have a unique account number and passwords that give them to access to the system, but only to the information pertaining to their own business. For example, a distributer can access to the status of its own backlog orders, but not that of its competitors. Fray Networks uses SAP’s ERP system with an Oracle database for its supply chain transactions. In order to capture Fray Networks ’ERP’s data, most production scheduling information from Fusion
Net in to a spread sheet program. They then import that data in to their own back office database systems. The ideal method, says Darcy, would be a direct transfer of data from Fusion Net to a supplier’s back- end systems.

Question 1
what is deployed by Fray network for its distributers?
CRM
eSCM
none of the above
SCM

Question 2
eSCM provides which of the following advantages?
match produtcion level
All of the above
daily point of sale info
check inventory status

Question 3
which factor will make sure that no security problem would be encountered?
Common Account number and password
Unique account and password for information access
Competitors account acces
Common information source

Question 4
what makes the system vulnerable to competitors?
sharing of account details by supplier and ditributer
upto date information of teh supplier and distributor
supply chain used
None of teh above

Question 5
What do u mean by SCM?
Supply Chain Materials
Supply channel material
Supply channel management
Supply Chain management

Question 6
Fray network is using which database?
DB2
Postgress
Oracle
SQLite

Question 7
What do you mean by ERP?
marketing of business process
Integrated management of business process
Disintegrated management of business process
None of the above

Question 8
Which of the following is a part of ERP management?
All of these
Marketing
human resource
Planning

Question 9
What among the following is not considered by SCM?
Raw material
All of the above
services
Finished goods

Question 10
e-SCM is an integration of ?
information and Business
standards and business
All of the above
internet & business processes

Quiz Score: 100 out of 100

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5th Block Assessment

CASE STUDY
An online solution for buying and selling new, certified, and used cars
VehicleBook.com created a smartphone app that enabled consumers to get key information about a vehicle
the moment they spot one they like. The app allows interested users to book a test-drive on the spot and
provide following features:
• Use the smartphone camera to identify the car model by taking a photo of the number plate
• The app matches it with the government database to provide the user with the details of the exact model
• Receive immediate reviews from experts and other users on that model
• Search for the model within the VehicleBook market, and select a car
• Contact the car dealer to book a test drive
• Save and manage listings for future reference and decision-making

Question 1
Most individuals are familiar with which form of e-commerce?
B2B
B2C
C2C
C2B

Question 2
What is the name for direct computer-to-computer transfer of transaction information contained in standard business documents?
e-commerce
transaction information transfer
internet commerce
electronic data interchange

Question 3
Which form of e-commerce currently accounts for about 97% of all ecommerce
revenues?
C2B
C2C
B2B
B2C

Question 4
What do you mean by Web hosting ?
It is a way to gain a presence on the internet
creating your website
None of the aboe
to allocate uniform resource locator

Question 5
Which of the following are necessary to become e-commerce enables?
Obtaining a Digital Certificate
Web Hosting
All of the above
Creating or Purchasing a Shopping Cart Software

Question 6
what makes the app different from other available ones in vehicle?
To serve the needs of the user to identify and shop from the street
provide all available option
better choice of the vehicle
None of these

Question 7
What do you mean by B2B?
None of the above
businesses transact with the customer
Companies bid for the product placed by consumer
companies selling their product to wholesalers

Question 8
A combination of software and information designed to provide security and
information for payment is called a what?
pop up ad
digital wallet
Encryption
shopping cart

Question 9
Which is not an application of E-commerce?
None of the above
Tickets
Information
Financial services

Question 10
What is the name given to an interactive business providing a centralized market where many buyers and suppliers can come together for e? commerce or commerce?related activities?
B2C
Direct marketplace
B2B
Electronic marketplace

Quiz Score: 100 out of 100
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Full Syllabus Assessment

CASE STUDY
Even Small Businesses Should be Able to Scale Inventory and Ordering Processes like the Big Guys
When Wen’s Sporting Goods, a small business in Noida, Uttar Pradesh, needed an e-commerce solution that would help them expand their inventory and upgrade their systems, they knew the process wouldn’t be a simple one.
By adopting multiple drop shipping vendors, the retailer was able to expand its online inventory from 8,000
products to 38,000 – but that made fulfillment a nightmare.
“The system we were using before required every order to be touched and required multiple key-strokes,”
explains e-commerce manager Ratan Sharma.
“With thousands of orders, it took two people hours to accomplish.”
Automating inventory processes – and tracking inventory in real time – allowed Sharma and his team to become more efficient, even as they grew.

Question 1
EDI standard
defines several hundred transaction sets for various business forms
is not popular
defines only a transmission protocol
is not easily available

Question 2
What benefits will the Wen’s Sporting Goods get with e-commerce solution?
Expand their business
Better advertising
All of the above
Easy access for customer

Question 3
In Electronic cash payment
a customer buys several electronic coins which are digitally signed by coin issuing bank
a credit card payment system is used
a debit card payment system is used
RSA cryptography is used in the transactions

Question 4
Which business model will it follow?
B2B
C2C
B2C
C2B

Question 5
A _________ is an organized collection of detailed information about individual customers or prospects that is accessible, actionable and current for marketing purposes such as lead generation and others.
Business database
None of the above
Customer database
Customer mailing list

Question 6
What additional benefit did automation provided ?
All of the above
Tracking inventory in real time
Less manual work
Better itinerary maintenance

Question 7
which is not part of ERP?
Inventory
HR
Purchasing
None of the above

Question 8
Which is the most tedious task of going online?
Ensuring security to customer data
Handling customer query
None of them
Fulfilling orders

Question 9
A consumer buying behavior is influenced by
None of the above.
Personal factors
Cultural and social factors
Both a and b

Question 10
ERP use software application to _____ the processes of an organization
None of the above
Speed
growth
automate

Quiz Score: 10 out of 10

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Live Interactive Session Test

Question 1
Which of the following the AND gate Operation?
Y = X
Z= YX
Z=Y^X
Z= X + Y

Question 2
Which of the following is the example of CPU?
Inter core I9 -9900k
Disk-Western Digital My Passport 4TB
Graphic Tablet
GPS

Question 3
Which of the following the OR gate Operation?
Y = X
Z= YX
Z=Y^X
Z=X + Y

Question 4
Which of the following is an object or concept about which you want to store information?
Entity
Relationship
Actions
Attributes

Question 5
Attributes are represented by _____
Ovals
Rectangle
Square
Hexagon

Question 6
_______Model is based on the notion of real-world entities and relationships
among them.
Network
Entity-Relationship
Relational
Hierarchy

Question 7
Transmission of the digital data between two or more computers is known as
Data Communication
Networking
Extranet
Internet

Question 8
Which of the following language is used on the web to develop web pages?
C++
SQL
HTML
COBOL

Question 9
Which of the following defines a networking framework to implement
protocols in seven layers?
Internet Protocol
OSI Model
HTTP
FTP

Question 10
Which of the following is the shared content accessed by groups through
cross-enterprise boundaries?
Internet
Intranet
Extranet
None of the above

Question 11
Which of the following is a combination of all resources and users on the
Internet that is using the Hypertext Transfer Protocol?
URL
WWW
FTP
TCP

Question 12
_______ is a planned system of collecting, storing, and disseminating data in
the form of information needed to carry out the functions of management
Management information system
Library
Tally
CRM

Question 13
Which of the following is the example of ERP software?
LINUX
SAP Business ByDesign
Mac OS
Andriod

Question 14
Which segment do ebay, Amazon.com belongs?
B2Bs
B2Cs
C2Bs
C2Cs

Question 15
_________ is the buying and selling of goods and services through wireless
handheld devices such as smartphones and tablets.
Shopping
M-commerce
Distributing
Browsing

Quiz Score: 150 out of 150
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Accounting For Manager

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AMITY (Assignment)
MBA
Semester 1

Accounting For Manager
1st Block Assessments

CASE STUDY
Journalise the following transactions, post them in
the ledger and balance the accounts in the books
of Mr. Rajesh.
2011 ` Amount
Jan. 1 Started business with cash 2,00,000
Jan. 3 Purchased goods for cash 60,000
Jan. 5 Sold goods to Shyam 60,000
Jan. 6 Sold goods for cash 20,000
Jan. 9 Received cash from Shyam 40,000
Jan. 13 Goods purchased from Ram 40,000
Jan. 20 Cash paid to Ram 20,000
Jan. 25 Paid office rent 4,000
Jan. 31 Paid salaries to staff 20,000
Jan. 31 Returned goods by Shyam 10,000

Question 1
“How much amount has been posted into ledger Capital account on January 1,2011”
“2,00,000”
“2,40,000”
“1,50,000”
“2,00,500”

Question 2
“How much amount has been brought down (b/d) in ledger Capital account on February 1,2011”
“2,00,000”
“3,00,000”
“1,75,000”
“2,00,500”

Question 3
“How much cash has been brought down (b/d) in cash ledger on February 1, 2011”
“1,75,000”
“2,40,000”
“3,00,000”
“1,56,000”

Question 4
What is the value of Credit purchase?
“1,00,000”
“60,000”
“1,20,000”
“40,000”

Question 5
What is the value of Credit sales ?
“80,000”
“60,000”
“1,00,000”
“20,000”

Question 6
How much balance brought down (b/d) to the month of February in Shyam Ledger Account?
“20,000”
“23,000”
“15,000”
“10,000”

Question 7
what is the debit (dr.) side total of journal entries for january month
“4,74,000”
“5,00,000”
“3,50,000”
“4,50,000”

Question 8
Cash received during the month of january was .
“2,60,000”
“3,00,000”
“2,50,000”
“2,70,000”

Question 9
Cash outflow during the month of january was…
“1,10,000”
“1,56,000”
“1,04,000”
“2,00,000”

Question 10
Cash in Hand on January 31 was.
“1,45,000”
“2,00,000”
“1,60,000”
“1,56,000”

Quiz Score: 100 out of 100

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2nd Block Assessments

CASE STUDY
Following is the trial balance of Amar as on 31st March, 2011:
Amount Amount
Capital Account 80,000
Drawing Account 6,000
Stock (1.4.2010) 45,000
Purchases 2,60,000
Sales 3,10,000
Furniture 10,000
Sundry Debtors 40,000
Freight and Octroi 4,600
Trade Expenses 500
Salaries 5,500
Rent 2,400
Advertising Expenses 5,000
Insurance Premium 400
Commission 1,300
Discount 200
Bad Debts 1,600
Provision for Bad Debts 900
Creditors 20,000
Cash in hand 5,200
Bank 5,800
Goodwill (at cost) 20,000 4,12,200 4,12,200
Adjustments:
(a) Stock on 31st March, 2011 was valued at Rs. 53,000.
(b) Salaries have been paid only for 11 months.
(c) Unexpired insurance included in the figure of Rs 400 appearing in trial balance is Rs 100.
(d) Commission earned but not yet received amounting to Rs 122 is to be recorded in books of account.
(e) Provision for bad debts is to be brought upto 3% of sundry debtors.
(f) Manager is to be allowed a commission of 10% of net profits after charging such commission.
(g) Furniture is depreciated @10% per year.
(h) Only 1/4th of advertising expenses is to be written off.

Prepare trading and profit and loss account for the year ended
31st March, 2011 and balance sheet as on that date. Transferred

Question 1
How much gross profit will be transferred to Profit & Loss Account?
“60,000”
“55,500”
“53,000”
“53,400”

Question 2
Freight & Octroi expence will be debit (Dr.) to Account.
None
Both (a & b)
P&L account
Trading A/c

Question 3
Amount of outstanding is ..
600
500
700
1000

Question 4
How much amount of advertising expenses is to be written off in 2011
3000
1500
1300
1250

Question 5
How much Insurance Permium expence will be debit (Dr.) to P&L account?
300
250
400
500

Question 6
How much Bad Debts will be debit (Dr.) to P&L account.
2800
3700
1900
2000

Question 7
Net Profit of ABC Ltd. For the year ended 31st March 2011 is .
37520
36520
35000
37000

Question 8
Total Liabilities of ABC ltd. As on 31st March 2011 is ..
“1,35,722”
“1,30,500”
“1,40,533”
“1,35,000”

Question 9
Debtors amount after provision for bad debts is
“38,500”
“38,200”
“38,800”
“38,900”

Question 10
Value of Furniture after depreciation is
10000
9000
11000
10500
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Quiz Score: 100 out of 100

3rd Block Assessments

CASE STUDY
The Balance Sheet as on 2002 and 2003 are as
under:
Liabilities 2002 2003 Assets 2002 2003
Equity share
capital
100,000 125,000 Land & Building 50,000 75,000
General
reserve
12,500 15,000 plant & machinery 57,500 55,000
Profit & Loss
A/C
10,000 7,500 stock 10,000 12,500
Creditors 5,000 6,250 Debtors 7,500 10,000
Bills payable 3,750 7,500 cash & bank 5,000 7,500
outstanding
expenses
1,250 3,750 Bills receivable 2,500 5,000
Provident fund 7,500 5,000
Preliminary
expenses
7,500 5,000
140,000 170,00 140,000 170,000
The Profit & Loss Account for 2002 & 2003
Particulars 2002 2003 Particulars 2002 2003
To, opening
stock
5,000 10,000 By, Sales 62,500 112,500
Purchase 37,500 47,500 Closing stock 10,000 12,500
office 7,500 10,000 Profit on sale of 2,500 0

Question 1
Total Current assets of 2002 are .
“22,500”
“20,500”
“25,000”
“17,500”

Question 2
Total Current Liabilities of 2003 are ..
“22,500”
“20,500”
“17,500”
“25,000”

Question 3
What is the Current Ratio in 2002?
1.2:1
1.9:1
1:01
1.43:1

Question 4
What is the Current Ratio in 2003?
1.43:1
1:01
1.3:1
1.56:1

Question 5
value of Average Stock in 2002 is .
“7,500”
“7,000”
“6,000”
“10,000”

Question 6
value of Average Stock in 2003 is .
“7,500”
“11,250”
“9,000”
“10,000”

Question 7
what is the stock turn over ratio in 2002?
4.33 times
5 times
5.6 times
2 times

Question 8
what is the stock turn over ratio in 2003?
2 times
4.33 times
5 times
4 times

Question 9
Gross Profit Margin ratio in 2002 is .
48%
33%
20%
45%

Question 10
Gross Profit Margin ratio in 2003 is .
57%
55%
50%
60%

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Quiz Score: 100 out of 100

4th Block Assessments

Calculate –
Value of raw materials consumed;
Total cost of production
Cost of goods sold and
The amount of profit from the following particulars

Question 1
Value of Direct Material consume is ..
“60,000”
“51,000”
“70,000”
“55,000”

Question 2
Value of prime cost is
“65,000”
“80,000”
“60,000”
“73,000”

Question 3
Total Factory Overheads expences are ..
“6,700”
“5,000”
“5,700”
“6,000”

Question 4
Total Factory cost or Work Cost is ..
“65,000”
“80,000”
“79,700”
“78,700”

Question 5
Total Office overheads expences are ..
“5,000”
“9,200”
“8,200”
“7,000”

Question 6
Total value of cost of production is
“80,000”
“70,000”
“79,700”
“87,900”

Question 7
Amount of cost of goods sold is .
“88,900”
“80,000”
“86,900”
“79,700”

Question 8
Total Selling & Distribution overheads are
“5,000”
“3,000”
“4,000”
“6,000”

Question 9
Cost of sales is ..
“79,700”
“89,900”
“86,900”
“87,900”

Question 10
“as per the cost sheet, amount of profit is ”
“9,500”
“11,500”
“10,100”
“12,000”

Quiz Score: 100 out of 100

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5th Block Assessments

CASE STUDY
Illustration
A company has annual fixed cost of Rs. 1,68,00,000. In the year 2013-14, sales amounted to Rs.
6,00,00,000 as compared with Rs. 4,50,00,000 in the preceding year 2012-13. The profit in the year 2013-14 is
Rs. 42,00,000 more than that in 2012-13. On the basis of the above information, answer the following:
(i) What is the break-even level of sales of the company?
(ii) Determine profit/loss on the forecast of a sales volume of Rs.80,00,00,000
(iii) If there is a reduction in selling price by 10% in the financial year 2014-15 and company
desires to earn the same amount of profit as in 2013-14, what would be the required sales volume?

Question 1
“As per given information, what is the value of PV ratio?”
27%
28%
22%
25%

Question 2
“after reduction in selling price, the value of PV ratio will be .”
30%
20%
25%
27%

Question 3
What is the break-even level of sales of the company?
“500,00,000”
“840,00,000”
“600,00,000”
“80,00,000”

Question 4
“Contribution for Sales Volume of Rs. 800,00,000 is ”
“56,00,000”
“10,00,000”
“200,00,000”
“224,00,000”

Question 5
“profit on the forecast of a sales volume of Rs. 80,00,00,000 is ..”
“50,00,000”
“56,00,000”
“70,00,000”
“40,00,000”

Question 6
“Contribution for Sales Volume of Rs. 600,00,000 for the year 2013-14 is ..”
“600,00,000”
“100,00,000”
“168,00,000”
“150,00,000”

Question 7
“If there is a reduction in selling price by 10% in the financial year 2014-15 and company desires to earn the same amount of profit as in 2013-14, what would be the required sales volume?”
“840,00,000”
“100,00,000”
“800,00,000”
“70,00,000”

Question 8
Change in Profits/ Change in Sales =
Contribution
PV Ratio
None
EPS

Question 9
P/V Ratio × Sales = ..
Contribution
None
Profits
Net Sales

Question 10
Contribution Fixed costs= ..
Sales
Profits
PV Ratio
None

Quiz Score: 100 out of 100

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Full Syllabus Assessment

CASE STUDY
Balance Sheet of KK Ltd as on 31‐Mar‐2005 and 31‐Mar‐2006
31.03.05 31.03.06 31.03.05 31.03.06
Liabilities Rs in 000 Rs in 000 Assets Rs in 000 Rs in 000
Share Capital 1440 1920 Fixed Assets 3840 4560
Capital Reserve 48
Less:
Depreciation
1104 1392
General Reserve 816 960 2736 3168
Profit & Loss
Account
288 360 Investments 480 384
9% Debenture 960 672 Cash 210 312
Current
Liabilities
576 624
Other Current
assets (including
stock)
1134 1272
Proposed
Dividend
144 174
Preliminary
Expenses
96 48
Provision for Tax 432 408
Unpaid Dividend 18
4656 5184 4656 5184
Additional Information
1. During the year 2005 ‐ 2006, Fixed Assets with a book value of Rs 2,40,000
(accumulated depreciation Rs 84,000) was sold for Rs 1,20,000
2. Provided Rs 4,20,000 as depreciation
3. Some investments are sold at a profit of Rs 48,000 and the Profit was credited
to Capital Reserve
This attempt took 2 minutes.
4. It was decided that stocks be valued at cost, whereas previously the practice
was to value stock at cost less 10 percent. The stock was Rs 2,59,200 as on
31.03.2005. The stock as at 31.03.06 was correctly valued at Rs 3,60,000
5. It was decided to write off Fixed Assets costing Rs 60,000 on which
depreciation amounting to Rs 48,000 has been provided.
6. Debentures are redeemed at Rs 105
Required: Prepare Cash Flow Statement

Question 1
How Much fixed assets have been purchesed during the time period?
“10,20,000”
“12,00,000”
“11,00,500”
“9,00,000”

Question 2
Cash received on sale of fixed assets
“1,00,000”
“1,20,000”
“1,50,000”
“9,00,000”

Question 3
Net Profit Before tax and extradinary items is
“8,79,600”
“12,00,000”
“9,00,000”
“1,50,000”

Question 4
final value of Depreciation for the time period is ..
“4,20,000”
“12,00,000”
“1,50,000”
“9,00,000”

Question 5
Value of Loss on Sale of fixed assets is …
“9,00,000”
“36,000”
“8,79,600”
“1,50,000”

Question 6
value of Net Cash from Operating activities ..
“1,50,000”
“8,06,400”
“12,00,000”
“9,00,000”

Question 7
Cash received on Sale of Investment ..
“4,20,000”
“1,44,000”
“1,50,000”
“12,00,000”

Question 8
Amount of Dividend paid in financing activity ..
“4,20,000”
“1,26,000”
“12,00,000”
“1,50,000”

Question 9
value of Net Cash from Investing activities
“36,000”
“12,00,000”
“1,50,000”
“(7,56,000)”

Question 10
Value of Net Cash from Financing activities
“1,50,000”
“51,600”
“4,20,000”
“8,79,600”

Quiz Score: 100 out of 100

Live Interactive Session Test

Question 1
The accounts that records expenses, gains and losses are
Personal accounts
Real accounts
Nominal accounts
None of the above

Question 2
The process of entering all transactions from the journal to ledger is called
Posting
Entry
Accounting
None of the above

Question 3
The following is a statement showing the financial status of the company at any given time
Trading account
Profit and Loss statements
Balance sheet
Cash book

Question 4
The ratios that refer to the ability of the firm to meet the short term obligations out of its short term resources
Liquidity ratio
Leverage ratios
Activity ratios
Profitability ratios

Question 5
The measure of how efficiently the assets resources are employed by the firm is called
Liquidity ratio
Activity ratios
Profitability ratios
Leverage ratios

Question 6
The term financial statement refers to…
Income statement
Cash flow
Balance sheet
All

Question 7
Which technique used for figures of two or more periods are placed side by side to facilitate easy and meaningful comparisons?
Comparative statement
Common?size statement
Trend Analysis
None

Question 8
A ………….. Reports on a company’s cash flow activities, particularly its operating, investing and financing activities.
Income statement
cash flow statement
Balance Sheet
Profit and loss statement

Question 9
Which of the following would be considered a ‘cash-flow item from an “investing” activity’?
Cash outflow to the government for taxes.
Cash outflow to purchase bonds issued by another company
Cash outflow to shareholders as dividends.
None

Question 10
In the cash flow statement, ‘cash and cash equivalents’ include
Bank balances and Cash balances
Short-term investments readily convertible into Cash are subject to an
insignificant risk of changes in value.
Both (a) and (b).
None

Question 11
Which of these is not an objective of Cost Accounting?
Ascertainment of Cost
Determination of Selling Price
Cost Control and Cost reduction
Assisting Shareholders in decision making

Question 12
Which of these is not a Material control technique:
ABC Analysis
Fixation of raw material levels
Maintaining stores ledger
Control over slow moving and non moving items

Question 13
The deviations between actual and standard cost is known as
Multiple analysis
Variable cost analysis
Variance analysis
Linear trend analysis

Question 14
Which of the following variance arises when more than one material is used
in the manufacture of a product
Material price variance
Material usage variance
Material yield variance
Material mix variance

Question 15
Under marginal costing the cost of product includes
Prime costs only
Price costs and variable overheads
Prime costs and fixed overheads
Prime costs and factory overheads

Quiz Score: 150 out of 150
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