MS - 1 - Management Functions and Behaviour

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ASSIGNMENT

Course Code                                                :                            MS - 1

Course Title                                                  :                            Management Functions and Behaviour

Assignment Code                                        :                            MS-1 /TMA/SEM – I/2017

Coverage                                                       :                            All Blocks

Note: Attempt all the questions and submit this assignment on or before 30th April, 2017 to the coordinator of your study center.

Question.1. Why are managers required to have / acquire different skills sets at various levels of their career? Explain the concept and its significance with suitable examples from the organisation you have served in, or you are familiar with.

Answer:It's hard to get the big picture when you have such a small screen. This anonymous quote can be stingingly true. Have you ever had a manager reluctant to give up hands-on work? Maybe you've had managers who spend most of their life handling office politics? They are so deeply involved in the interpersonal relationships of the office that it's almost like working in a soap opera. It's important for managers to understand the work of the company and to navigate interpersonal relationships deftly.

Without the big picture, though, managers can efficiently

Question.2. State and explain the steps involved in MBO process. Also explain the pre-requisite for successful implementation of MBO quoting examples from the organisation you have worked in or you are aware of.

Answer:Since it was first researched five decades ago, goal-setting theory has been the most researched, utilized, and established theory of work motivation in the field of industrial and organizational psychology (Pennsylvania State

Question.3. Briefly explain the sources of conflict and the impact it has on individuals, groups, and organisations. Cite examples from your organisational experience or the experience you are aware of.

Answer:Conflict exists in every organization and to a certain extent indicates a healthy exchange of ideas and creativity. However, counter-productive conflict can result in employee dissatisfaction, reduced productivity, poor service to clients, absenteeism and increased employee turnover, increased work-related stress or, worse case scenario

Question.4. What is control? What are the pre-requisite and characteristics of effective control system? Explain with the help of examples you have had in an organizational set up. Briefly describe the organisation you are referring to.

Answer:After strategies are set and plans are made, management's primary task is to take steps to ensure that these plans are carried out, or, if conditions warrant, that the plans are modified. This is the critical control function of management. And since management involves directing the activities of others, a major part of the control function is

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MS - 09 Managerial Economics

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ASSIGNMENT

Course Code                                                               :                            MS - 09

Course Title                                                                 :                            Managerial Economics

Assignement Code                                                    :                            MS-09/TMA/SEM-I/2017

Coverage                                                                     :                            All Blocks

Note: Attempt all the questions and submit this assignment on or before 30th April, 2017 to the coordinator of your study center.

Question.1. Opportunity costs are the ‘costs of sacrificed alternatives.’ Discuss with the help of examples.

Answer:Opportunity cost refers to a benefit that a person could have received, but gave up, to take another course of action. Stated differently, an opportunity cost represents an alternative given up when a decision is made. This cost is, therefore, most relevant for two mutually exclusive events. In investing, it is the difference in return between a chosen investment and one that is necessarily passed up.

When assessing the potential profitability of various

Question.2. How are income effect and substitution effect important in explaining the negative slope of demand functions? Explain giving examples from real world.

Answer:The substitution effect is the change in consumption patterns due to a change in the relative prices of goods.  For example, if private universities increase their tuition by 10% and public universities increase their tuition by only 2%, then it is very likely that we would see a shift in attendance from private to public universities (at

Question.3. When there are 2 inputs K, L, given the price of capital (PK)= 10 and price of labour (PL)=20. Total Expenditure C=100. Draw and explain the effect on the isocost curve in case of the following:-

(i) decrease in price of labour (PL)=10

(ii) increase in the price of capital (PK)= 20

(iii) decrease in the price of capital (PK)= 5

(iv) increase in the firms budget with no change in the price of labour and capital.

Answer:There are two methods of explaining the optimum combination of factor:

(i) The marginal product approach.

 (ii) The isoquant / isocost approach.

These two approaches are now explained in brief:

Question.4. Explain the difficulty in sustaining collusion with the help of prisoner’s dilemma.

Answer:The prisoners’ dilemma is the best-known game of strategy in social science. It helps us understand what governs the balance between cooperation and competition in business, in politics, and in social settings.

In the traditional version of the game, the police have arrested two suspects and are interrogating them in separate rooms. Each can either confess, thereby implicating the other, or keep silent. No matter what the other suspect does, each can improve his own position by confessing. If the other confesses, then one had better do the same to avoid the

Question.5. Briefly discuss the Chronology of Indian Telecom Deregulation from the year 2003 to present times.

Answer:India's telecommunication network is the second largest in the world by number of telephone users (both fixed and mobile phone) with 1.053 billion subscribers as on 31 August 2016. It has one of the lowest call tariffs in the world enabled by mega telecom operators and hyper-competition among them. India has the world's second-largest Internet user-base. As on 31 March 2016, there were 342.65 million internet subscribers in the country.

Question.6. Write short notes on the following:-

(a) Market Demand curve

Answer:The market demand curve is the summation of all the individual demand curves in a given market. It shows the quantity demanded of the good by all individuals at varying price points. For example, at $10/latte, the quantity demanded

(b) Optimal Input Combination

Answer:Optimal input proportions can be found graphically for a two-input, single-output system by adding an isocost curve or budget line, a line of constant costs, to the diagram of production isoquants. Each point on the isocost curve represents a combination of inputs, say, X and Y, whose cost equals a constant expenditure.

MRP Curve Is an Input Demand Curve

(c) Peak Load Pricing

Answer:Peak Load Pricing is a pricing strategy that implies price will be set at the highest level during times when demand is at a peak. The pricing strategy is an attempt to shift demand, or at least consumption of the good or service, to accomodate supply. The idea is that pricing higher when demand is at its peak will balance out the supply and demand so that there is no shortage on either end of the spectrum. If a good is priced at a high cost and many demand it, a capacity will be balanced. This is a type of price discrimination; a

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MS - 11 Strategic Management

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ASSIGNMENT

Course Code                                                               :                            MS - 11

Course Title                                                                 :                            Strategic Management

Assignement Code                                                    :                            11/TMA/SEM-I/2017

Coverage                                                                     :                            All Blocks

Note: Attempt all the questions and submit this assignment on or before 30th April, 2017 to the coordinator of your study center.

Question.1. Select a specific type of business that you may wish to start.

a) Develop a written mission statement for that business.

b) Formulate a set of goals for the business

c) Formulate specific and verifiable objectives in the lines of the goals.

d) Devise a statement of social responsibility for the business.

Answer:Let's assume you end up with three potential businesses: towing service used car sales and auto repairs. You can now make a comparative evaluation using the following checklist (or better still your own checklist) with a 1-10 scoring system. This kind of analysis can help you gain objectivity in selecting your business.

Question.2. Explain the three generic strategies for a Small Business Unit (SBU). Also give an example of a business unit that competes with each strategy.

Answer:An organization's core competencies should be focused on satisfying customer needs or preferences in order to achieve above average returns. This is done through Business-level strategies. Business level strategies detail actions taken to provide value to customers and gain a competitive advantage by exploiting core competencies in specific, individual product or service markets. Business-level strategy is concerned with a firm's position in an industry, relative to competitors and to the five forces of competition.

Customers are the foundation or essence of a organization's business-level strategies. Who will be served, what needs have to be met, and how those needs will be satisfied are determined by the senior management.

Question.3. Assume that an airline company has changed its strategy from low-cost to low-cost-differentiation strategy. Describe an appropriate organization cultures for that company.

Answer:Porter's generic strategies describe how a company pursues competitive advantage across its chosen market scope. There are three/four generic strategies, either lower cost, differentiated, or focus. A company chooses to pursue one of two types of competitive advantage, either via lower costs than its competition or by differentiating itself along dimensions valued by customers to command a higher price. A company also chooses one of two types of scope, either focus (offering its products to selected segments of the market) or industry-wide, offering its product across many market segments. The generic strategy reflects the

Question.4. Differentiate between leadership and management. Support your answer with the help of examples.

Answer:leadership vsmanagementSo far we have discussed Leader and Manager, now we take a turn towards the Leadership and Management, which are quite distinct concepts, but they are linked together. Leadership is a quality which influences people, while Management is a discipline of managing things in the best possible manner. In can be found in all the fields, like education, hospitality, sports, offices etc. Due to the inter-connectivity between the two terms, many people have confusions in understanding the two terms. So, here we start the differences between Leadership and Management.

Question.5. Explain the concept of balanced scorecard (BSC)? As a strategist what challenges will you face while developing and implementing a BSC? Discuss.

Answer:There is really nothing wrong with the concept of Balanced Scorecard. The main problem is that it does not provide practical guidance for deployment, and some executives view it as a "quick fix" that can easily be installed in their organizations. Implementing a balanced metrics system is an evolutionary process, not a one-time task that

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MS-04 - Accounting and Finance for Managers

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ASSIGNMENT

Course Code                                                               :             MS-04

Course Title                                                                 :             Accounting and Finance for Managers

Assignment Code                                                       :             MS-04/TMA/SEM-I/2017

Coverage                                                                     :             All Blocks

Note : Attempt all the questions and submit this assignment on or before 30th April, 2017 to the coordinator of your study center.

Question.1. “ Accountancy is an Information System” do you agree? Substantiate your answer with reasons. How does an Accountant help in planning and controlling a large commercial organisation? Explain.

Answer:Accounting is a service activity. Its function is to provide qualitative information, primarily financial in nature, about economic entities and that is intended to be useful in making economic decisions. It is universally accepted that making available the qualitative accounting information is an objective as these are the basis to make decision by its users. The accounting information is expected by its users is provided through financial statements. We can say that accounting information refers to the financial statements so generated are the Income statements, that is, profited loss profit and loss account and position

Question.2. Prepare Cash Budget for April-Oct. 2017 from the information relating to Shah Agencies, a trading concern:-

Balance Sheet as on 31  March, 2017

Liabilities	Rs	Assets		Rs
Proprietors Capital	1,00,000	Cash		20,500
Outstanding Liabilities	17,000	Stock		50,500
		Sundry debtors		26,000
		Furniture	25,000
		Dep	5,000	20,000
	1,17,000			1,17,000

Sales and salaries for different months are expected to be as under:

Months	Sales	Salaries
April	80,000	3,000
May	52,000	2,500
June	50,000	35,000
July	75,000	4,000
August	90,000	4,000
Sepetmebr	35,000	3,000
October	25,000	3,000

The other expenses per month are: Rent Rs. 1,000, Depreciation Rs. 1,000, Misc. Expenses Rs. 500 and Commission 1% of sales.

Of the sales, 80% is on credit and 20% for cash. 70% of the credit sales are collected in one month and the balance in two months. Debtors on March 31, 2017 represent Rs. 6,000 in respect of sales of February and Rs. 20,000 in respect of sales of March. There are no debt losses. Gross profit on sales on an average is 30%. Purchases equal to the next month’s sales are made every month and they are paid during the month in which they are made. The firm maintains a minimum cash balance of Rs. 10,000. Cash deficiencies are made up bank loans which are repaid at the earliest availableopportunity and cash in excess of Rs. 15,000 is invested in securities (Interest on bank loans and securities is to be ignored). Outstanding liabilities remain unchanged.

Answer:

Question.3. Taking a suitable example and explain how the semi-variable costs will be segregated into fixed and variable using the Scattergraph Method.

Answer:Several methods are used for segregating semi-variable costs into fixed and variable. There are four major techniques that are found in practice and they may be listed as follows:

1.       High and Low Points Methods:This approach considers the difference in total cost between two different volumes, and divides the incremental cost by the volume. As the words ‘high’ and ‘low’ imply, the two levels of volume chosen are the

Question.4. Aditi Ltd. is considering the selection of one a pair of mutually exclusive investment projects. Both would involve purchase of machinery with a life of 5 years.

Project 1 would generate annual cash flows (receipts less payments) of Rs. 2,00,000; the machinery would cost Rs. 5,56,000 and have a scrap value of Rs. 56,000.

Project 2 would generate annual cash flows of Rs.5,00,000; the machinery would cost Rs. 16,16,000 and have a scrap value of Rs. 4,31,000.

Company use the straight line method for providing depreciation. Its cost of capital is 15% per annum. Assume that annual cash flows arise on the anniversaries of the initial outlay, that there will be no price changes over the project lives and that acceptance of one of the projects will not alter the required amount of working capital.

You are required to:

(a) Calculate for each project:

(i) the accounting rate or return (ratio, over project life, of average accounting profit to average book value of investment) to nearest 1%.

(ii) the net present value

(iii) the internal rate or return (D.C.F. yield) to nearest 1%, and

(iv) thepay back period to one decimal place, and

(b) State which project you would select for acceptance, if either, giving reasons for your choice of criterion to guide the decision. Ignore taxation.

Answer: N

Question.5. “ Dividend can be paid only out of profits”. Explain this statement and also discuss your role as a Finance Management in matters of dividend policy?

Answer:Dividend decision is highly important for a firm.  It is required to plan to maximize the owner’s wealth.  It is the responsibility of the management to make the owner aware of the objectives and the implications of the dividend policy so that the market reaction is favourable.  It is a continuous activity spread over a

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MS - 3 -Economic and Social Environment

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ASSIGNMENT

Course Code                                                               :                            MS - 3

Course Title                                                                 :                            Economic and Social Environment

Assignement Code                                                    :                            MS-03/TMA/SEM-I/2017

Coverage                                                                     :                            All Blocks

Note: Attempt all the questions and submit this assignment on or before 30th April, 2017 to the coordinator of your study center.

Question.1. a) Explain the reasons why a business manager be concerned with business environment?

Answer:A business cannot survive without management because management is its means of support. Management is concerned with acquiring maximum prosperity with minimum efforts. Management is essential wherever group efforts are required to be directed towards achievements of common goals.

In this management conscious age, the significance of management can hardly be over emphasized. It is said that any thing minus management amounts

b) Discuss how non-economic environment affects business decisions giving examples.

Answer:The economic environment consists of external factors in a business market and the broader economy that can influence a business. You can divide the economic environment into the microeconomic environment, which affects business decision making - such as individual actions of firms and consumers - and the macroeconomic environment, which affects an entire economy and all of its participants. Many economic factors act as

Question.2. What are the major factors of widespread sickness among the SSI units? How can sickness be identified? Suggest measures to enhance economic viability of the segment.

Answer:One of the adverse trends observable in the corporate private sector of India is the growing incidence of sickness. It is causing considerable concern to planners and policymakers. It is also putting a severe strain on the economic system, particularly on the banks.

There are various crite­ria of sickness. According to the criteria accepted by the Reserve Bank of India “a sick unit is one which has reported cash loss for the year of its operation and in the judgment of the financing bank is likely to incur cash

Question.3. Examine the progress of Indian economy towards globalization in the post reform years. Comment on the slow pace of progress of globalization and identify the major reasons.

Answer:Since the mid-1980s, India has slowly opened up its markets through economicliberalization. After more fundamental reforms since 1991and their renewal in the 2000s, India has progressed towards a free market economy.

In the late 2000s, India’s growth reached 7.5%,

Question.4. a) What are the major problems of fiscal policy? Describe.

Answer:Fiscal policy involves the decisions that a government makes regarding collection of revenue, through taxation and about spending that revenue. It is often contrasted with monetary policy , in which a central bank (like the Federal Reserve in the United States) sets interest rates and determines the level of money supply.

a) Is the growth of public expenditure in India justified? Discuss.

Answer:Several theories of taxation exist in public economics. Governments at all levels (national, regional and local) need to raise revenue from a variety of sources to finance public-sector expenditures. The details of taxation are guided by two principles: who will benefit, and who can pay.PUBLIC expenditure means the expenditure on the developmental and non-developmetal activity such as construction of road way, construction of dam and other activity.

Question.5. Explain major trends in volume, composition and direction of India’s foreign trade in recent years. Do you think that these trends portray a favorable trade environment in the country?

Answer:The Republic of India maintains an ongoing dialogue with the supranational Institutions of the European Union which is separate from the bilateral relations with sovereign member States of the European Union.

In Asia the positive public perception of Europe is highest in India.

India, the world's most populous democracy, has

Question.6. Write short notes on the following:

a) Balance of Payments

Answer:The balance of payments, also known as balance of international payments and abbreviated BoP, of a country is the record of all economic transactions between the residents of the country and the rest of the world in a particular period (over a quarter of a year or more commonly over a year). These transactions are made by individuals, firms and government bodies. Thus the balance of payments includes all external visible and non-visible transactions of a country. It is an important issue to be studied, especially in international financial

b) Role of Public Sector

Answer:Here we detail about the following nine important roles played by public sector in Indian economy, i.e., (1) Generation of Income, (2) Capital Formation, (3) Employment, (4) Infrastructure, (5) Strong Industrial Base, (6) Export Promotion and Import Substitution, (7) Contribution to Central Exchequer, (8) Checking Concentration of Income and Wealth, and (9) Removal of Regional Disparities.

1.       Generation of Income:

c) Economic Development and Economic Growth

Answer:Economic growth means an increase in real national income / national output.

·       Economic development means an improvement in quality of life and living standards, e.g. measures of literacy, life-expectancy and health care.

·       Ceteris paribus, we would expect economic growth to enable more economic development. Higher real GDP, enables more to be spent on health care and education.

·       However, the link is not guaranteed. The proceeds of economic growth could be wasted or retained by a small wealthy elite.

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MS - 2 -Management of Human Resources

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ASSIGNMENT

Course Code                                                               :                            MS - 2

Course Title                                                                 :                            Management of Human Resources

Assignement Code                                                    :                            MS-2 /TMA/SEM – I/2017

Coverage                                                                     :                            All Blocks

Note: Attempt all the questions and submit this assignment on or before 30th April, 2017 to the coordinator of your study center.

Question.1. What are the primary objectives, focus, and purpose of Selection Tests and Interview in the whole process of Hiring in organisational set up? Critically examine their usefulness and importance in the short term and long term functioning and culture of the organisation. Draw from the experiences you are familiar with. Describe the organisation and the situation you are referring to.

Answer:Personnel selection is the methodical process used to hire (or, less commonly, promote) individuals. Although the term can apply to all aspects of the process (recruitment, selection, hiring, acculturation, etc.) the most common meaning focuses on the selection of workers. In this respect, selected prospects are separated from rejected applicants with the intention of choosing the person who will be the most successful and make the most valuable contributions to the organization.[1] Its effect on the group is discerned when the selected accomplish their desired impact to the group, through achievement or tenure. The procedure of selection takes after strategy to gather data around a person so as to figure out whether that

Question.2. What are the major „problems/errors‟ which came in the way of „Effective Performance Appraisal Systems‟ of any organization? Describe and explain with the help of your organizational experiences or the ones you are familiar with. Briefly explain the organization, situation and its fall out too support your reply.

Answer:Performance appraisal is important for organizations and employees. Unfortunately, performance appraisals are not on the top of the list of "favorite things to do" for either managers or employees, and there can be a number of problems with their administration. From managers not being trained to conduct performance appraisals effectively to the failure to tie performance appraisal expectations to desired business results,

Question.3. Critically evaluate the state of workers‟ participation in Management in the present day business scenario. Explain with examples your answer giving due details of the organizations and the sources you are referring to.

Answer:Workers’ participation in management is an essential ingredient of Industrial democracy. The concept of workers’ participation in management is based on Human Relations approach to Management which brought about a new set of values to labour and management. Traditionally the concept of Workers’ Participation in Management (WPM) refers to participation of non-managerial employees in the decision-making process of the organization. Workers’ participation is also known as ‘labour participation’ or ‘employee participation’ in

Question.4. What are the “Principles of Learning”which are followed in developing „Effective Training Programmes‟? Critically evaluate the „Training Environment‟ you are exposed to vis-à-vis the „Principles of learning‟ followed/not followed or the ones you are aware of. Briefly describe the situation and the organization to logically support your replies.

Answer:'Training' suggests putting stuff into people, when actually we should be developing people from the inside out - so they achieve their own individual potential - what they love and enjoy, what they are most capable of, and strong at doing, rather than what we try to make them be.

'Learning' far better expresses this than 'training'.

Training is about the organisation. Learning is about the person.

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