BBA103 – Business Environment

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ASSIGNMENT

DRIVE	SPRING 2014
PROGRAM	BBA
SUBJECT CODE & NAME	BBA103 – Business Environment
SEMESTER	1
BK ID	B1501
CREDITS	4
MARKS	60

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

1 Economic policies refer to the monetary and fiscal policies that affect the growth rate of the economy. Discuss in detail these policies.

Answer : Definition of fiscal policy. Fiscal policy involves the government changing the levels of taxation and government spending in order to influence Aggregate Demand (AD) and the level of economic activity.

AD is the total level of planned expenditure in an economy (AD = C+ I + G + X – M)

The purpose of Fiscal Policy

2 Differentiate between capitalist and socialist economies.

Answer : Capitalism and socialism are somewhat opposing schools of thought in economics. The central arguments in the socialism/capitalism debate are about economic equality and the role of government: socialists believe economic inequality is bad for society and the government is responsible for reducing it via programs that benefit the poor. e.g. free public education, free or subsidized healthcare, social security for the elderly, higher taxes on the rich. On the other hand, capitalists believe that government does not

3 Discuss the Industrial laws applicable in India.

Answer :  India’s laws are derived from English common law and seem recognizable to American, Canadian, British, Australian and New Zealand attorney and others familiar with the heritage of English legal practices

Many business laws in India predate its independence in 1947. For examples the Indian Contracts Act of 1972 is still in force although specific contracts such as partnerships and the sale of goods are now covered by newer laws. Specifically

4 What is disinvestment? What is the difference between privatization and disinvestment? What are the objectives of disinvestment?

Answer : “Investment refers to the conversion of money or cash into securities, debentures, bonds or any other claims on money. As follows, disinvestment involves the conversion of money claims or securities into money or cash.”

Disinvestment can also be defined as the action of an organisation (or government) selling or liquidating an asset or subsidiary. It is also referred to as ‘divestment’ or ‘divestiture.’

In most contexts, disinvestment typically refers to sale from the government, partly or fully, of a government-owned enterprise.

5 Describe the corporate social responsibility of business houses towards human resources with an example of an Indian Company.

Answer :  Corporate social responsibility :

Corporate social responsibility (CSR, also called corporate conscience, corporate citizenship, social performance, or sustainable responsible business/ Responsible Business) is a form of corporate self-regulation integrated into a business model. CSR policy functions as a built-in, self-regulating mechanism whereby a business monitors and ensures its active compliance with the spirit of the law, ethical standards, and international norms. In some models, a firm's implementation of CSR goes beyond compliance and engages in "actions that appear to further some social good, beyond the interests of the firm and that which is required by law." CSR is a process with the aim to embrace responsibility for the company's actions and

6 Explain the Indian economy with reference to the service sectors like Education and Health care.

Answer : Service Sector of Indian Economy contributes to around 55 percent of India's GDP during 2006-07. This sector plays a leading role in the economy of India, and contributes to around 68.6 percent of the overall average growth in GDP between 2002-03 and 2006-07.

 There has been a 9.4 percent growth in the Indian economy during 2006-07 as against a rise of 9 percent in the same during 2006-06. During

Dear students get fully solved  SMU BBA Spring 2014 assignments

Send your semester & Specialization name to our mail id :

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or

Call us at : 08263069601