mba106 smu mba spring 2017 (july/aug 2017 exam) Ist sem assignment

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DRIVE SPRING 2017

PROGRAM Master of Business Administration- MBA

SEMESTER I

SUBJECT CODE & NAME MBA106 –Human Resource Management

BK ID B1626

CREDITS & MARKS 4 Credits, 30 marks Each

ASSIGNMENT I

1 What is human resources management? Discuss the scope & functions of HRM.

Meaning – HRM

Scope of HRM

Functions of HRM

Answer: Definitions of Human Resources Management (HRM) is provided by Fisher, Schoendfelt and Shaw in their book “Human Resources Management,“ HRM involves all management decisions and practices that directly affect or influence the people or Human resources who work for the

2. Describe the process of HR Planning. Explain HR Forecasting Techniques .

1. Process of HR Planning

2. HR Forecasting Techniques

Answer: Process of HR Planning

●     Considering the effect of organisational strategy and objectives on different units of the organisation in terms of the human resource requirement.

●     Forecasting the manpower requirements of the organisation by involving the line managers to decide and finalise human resource needs of their

3 What is succession planning? What are the benefits of having a formal Succession Planning System in an organization?

Meaning of Succession Planning

Benefits

Answer: Succession planning involves an examination of strategic (long-range) plans and HR forecasts for all identified key positions in an organisation. It includes positions that are critical for the business and for its continuity, and not just the senior level

ASSIGNMENT II

1 Discuss the basic guidelines of a Disciplinary policy

Explain the basic guidelines of a Disciplinary policy

Answer: According to Dr. Spriegel, “Discipline is the force that prompts an individual or a group to observe the rules, regulations and procedures which are deemed to be necessary to the attainment of an objective; it is force or fear of force which restrains an individual or a group from doing things which are deemed to be destructive of group objectives. It is also the exercise of restraint or the enforcement of penalties for the violation

2 Suppose you have joined as an HR and you have been assigned a task to carry out the grievance handling procedure in your organization. What according to you are the causes of Grievance? Describe in detail the Grievance handling procedure

Causes of Grievance

Explain the Grievance handling procedure

Answer: Causes of Grievance

➢     Grievances related to inadequate wages, incentives, increments and unfair compensation offered to other employees.

➢     Complaints against a particular employee or supervisor or subordinate.

➢     Complaints

➢      

➢      

3 Write short notes on the following:

a) Job Enlargement

b) Job Enrichment

Concept of Job Enlargement

Concept of Job Enrichment

Answer: a) Job enlargement

Job enlargement involves increasing the length and hence the operating time of each cycle of work for the job holder. Job enlargement is a job design technique wherein there is an increase in the number of tasks associated with a certain job. In other words, it means increasing the scope of one’s duties and responsibilities. The increase in

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mba105 smu mba spring 2017 (july/aug 2017 exam) Ist sem assignment

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DRIVE SPRING 2017

PROGRAM Master of Business Administration- MBA

SEMESTER Semester 1

SUBJECT CODE & NAME MBA105 - MANAGERIAL ECONOMICS

BK ID B1625

CREDIT & MARKS 4 Credits, 30 marks

ASSIGNMENT SET -1

1 Explain the meaning and Features of demand forecasting?

Meaning Of demand Forecasting

Features of demand forecasting

Answer: Demand forecasting seeks to investigate and measure the forces that determine sales for existing and new products. Generally companies plan their business - production or sales in anticipation of future demand. Hence, forecasting future demand becomes important. The art of successful business lies in avoiding or minimizing the risks involved as far as possible and facing the uncertainties in a most befitting

2 Explain the cost output relationship and nature and behavior of cost curve in the short run with hypothetical cost schedule?

The cost output relationship and nature and behavior of cost curve in the short run with hypothetical cost schedule

Answer: Cost-output relations play an important role in almost all business decisions. It throws light on cost minimization or profit maximization and optimization of output. The relation between the cost and output is technically described as the “cost function”. The significance of cost-output relationship is so great that in economic analysis, the cost function usually refers to the relationship between cost and rate of output alone and we assume that all other independent variables are kept constant. Mathematically speaking

3 Write short notes on:

a) Consumption Function

b) Investment Function

Define Consumption Function

Define Investment Function

Answer: a) The consumption function indicates the relationship between consumption and income. Consumption is an increasing function of income. Lord Keynes in his theory of income and employment has given a very significant place to this concept. According to him, the level of national output, income and employment directly depends on effective demand in an economy. Higher the level of effective demand, higher would be the

ASSIGNMENT SET -2

1 What are the various role of fiscal policy in economic development?

Role of fiscal policy

Answer: Role of fiscal policy in economic development

In order to achieve the objectives, a fiscal policy has to play a positive and constructive role both in developed and developing nations. The specific role to be played by fiscal policy can be discussed as follows:

1. To act as optimum allocator of resources

As most

2 Explain the law of variable proportions in detail with diagrammatic representation.

Law of variable proportions in detail with diagrammatic representation

Answer: The law of variable proportions

This law is one of the most fundamental laws of production. It gives us some key insights in determination of the ideal combination of factor inputs. All factor inputs are not available in plenty. Hence, in order to expand the output, scarce factors must be kept constant and variable factors are to be increased in greater quantities. Additional units of a variable factor on the fixed factors will certainly mean a variation in output. The law of variable proportions or the law of non-proportional output will explain how variation in one factor input leads to variations in output. The law can be stated as follows: “As the quantity of only one factor input is increased to a given quantity of fixed factors, beyond a particular point, the marginal, average and total output eventually decline”. The law of variable

3 What are the various factors which bring changes in supply?

Various factors which bring changes in supply

Answer: Apart from price, many other factors bring about changes in supply. Among them, the important factors are:

1.      Natural factors – Favourable natural factors like good climatic conditions and timely, adequate, well distributed rainfall results in higher production and expansion in supply. On the other hand, adverse factors like bad

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DRIVE SPRING 2017

PROGRAM MBA

SEMESTER I

SSUBJECT CODE &

NAME

MBA104

FINANCIAL AND MANAGEMENT ACCOUNTING

1 Rainbow Ltd. sold goods for Rs. 30,00,000 in a year. In that year, the variable costs were Rs. 6,00,000 and fixed costs were Rs. 8,00,000. Find out:

i) MCSR or P/V Ratio

ii) Break-even sales

iii) Break-even sales, if the selling price was reduced by 10 % and fixed costs were increased by Rs. 1,00,000.

Answer: i) It expresses the relationship between contribution and sales. It is also termed as Marginal Contribution Sales Ratio (MCSR).

Profit

2 “The method of costing depends on the nature of the product, production method and specific business conditions”. Enumerate giving examples. The different methods of costing and examples

Answer: Methods of Costing

Costing refers to the techniques and processes of determining costs of a product manufactured or a service rendered. The method of costing depends on the nature of product, production method, and specific business conditions.

The different

3 A company making for stock in the first quarter of the year 2017 is assisted by its bankers with overdraft accommodation. The following are the relevant budget figures:

                  Sale (Cr.) Rs.        Purchases (Cr.) Rs.       Wages &Expenses (Cr.) Rs.

November 2016 1,20,000                     83,000                                  10,000

December 2016 1,28,000                      96,000                                  10,000

January 2017         72,000                 1,62,000                                  11,000

February 2017   1,16,000                  1,64,000                                  10,000

March 2017              84,000                   40,000                                 12,000

Given the following further information you are required to prepare a Cash Budget for the quarter January to March 2017, showing the budgeted amount of bank facilities required, if any, in each month end:

a) Budgeted cash at bank on 1st January 2017 Rs. 20,000

b) Credit terms of sales are payment by the end of the month following the month of supply. On average one half of sale are paid on due date, while the other half are paid during the next month. Creditors are paid during the month following the month of supply.

c) Wages and expenses are paid twice a month on 1st and 16th respectively.

From the above information prepare a Cash Budget for the quarter January to March 2017, showing the budgeted amount of bank facilities required, if any, in each month end.

Assignment Set -2

1 1 ton of material input yields standard output of 1,00,000 units. The standard price of material is Rs. 20 per kg. The actual quantity of material use is 10 tons and the actual price paid is Rs. 21 per kg. Actual output obtained is 9,00,000 units. Compute Material Variances.

From the above find:

i) Material Cost Variance

ii) Material Price Variance

iii) Material Usage Variance

Answer: Computation of Material Variances

 Budgeted (100000)                  Standard (900000)                   Actual (900000)

Ton      Rate     Amount           Ton      Rate     Amount           Ton      Rate     Amount

1          20        20                    9          20        180                  10        21        210

(i) Material Cost Variance

It is the difference between the standard cost of materials allowed for the actual output and the actual cost of materials used. It may be expressed as:

= standard cost of

2 “There are errors which do not affect the Trial Balance and it is difficult to locate them”. Do you agree ? justify your agreement/ disagreement. Errors not disclosed by Trial Balance

Answer: Errors not disclosed by Trial Balance

There are four errors which do not affect trial balance and it is difficult to locate them. A brief description of the four errors is offered in the following paragraphs.

1. Error of complete omission – Error of omission occurs when a transaction is completely omitted from the books of accounts.

3 From the following data prepare a Cost Sheet.

Rs.

Opening cost of Raw materials                    30,000

Closing stock of Raw materials                    20,000

Purchase of Raw materials              1,90,000

Sales                                                                6,50,000

Prime Cost                                                     4,10,000

Factory Overhead                                         1,20,000

Administration Overhead                             90,000

10 % of the output remained unsold. There was no Direct Expenses

From the above information prepare a Cost Sheet.

Answer: Cost sheet

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mba103 smu mba spring 2017 (july/aug 2017 exam) Ist sem assignment

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DRIVE

Spring 2017

PROGRAM

MBA

SEMESTER

I

SUBJECT CODE & NAME

MBA103- Statistics for Management

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.

Q1. Give the meaning of the word Statistics. Mention the characteristics of Statistics.

Meaning of Statistics

Characteristics of Statistics

Answer:

Statistics plays an important role in almost every facet of human life. In business context, managers are required to justify decisions on the basis of data. They need statistical models to support these decisions. Statistical skills enable managers to collect, analyse and interpret data in order to

QUESTION2. a. What do you mean by Probability? 

Answer2a. Probability is a branch of mathematics that deals with calculating the likelihood of a given event's occurrence, which is expressed as a number between 1 and 0. An event with a probability of 1 can be considered a certainty: for example, the probability of a coin toss resulting in either "heads" or "tails" is 1, because there are no other options, assuming the coin lands flat. An event with a probability of .

b.A bag contains 5 white, 6 red, 2 green and 2 black balls. One ball is selected at random from the bag. Find the probability that the selected ball is-

 i. white 

ii. Red

Answer2b.

(i)Total No. of Balls = (5+6+2+2) = 15

Probability of

QUESTION3. What Do you mean by Sampling? Describe various Probability and Non- Probability Sampling Methods.

Answer3.

Sampling - In statistics, quality assurance, and survey methodology, sampling is concerned with the selection of a subset of individuals from within a statistical population to estimate characteristics of the whole population. Each observation measures one or more properties (such as weight, location, color) of observable bodies distinguished as independent objects or individuals. In survey sampling,

Set 2

QUESTION 1. Write short notes on

a. Type I and Type II error

Answer4a. When you do a hypothesis test, two types of errors are possible: type I and type II. The risks of these two errors are inversely related and determined by the level of significance and the power for the test.

QUESTION2. a. Explain The concept of One Way ANOVA

Answer5a. The one-way ANOVA compares the means between the groups you are interested in and determines whether any of those means are statistically significantly different from each other. Specifically,

b. Table given below depicts the data on production rate by five workmen on four machines. Test whether the rate is significantly different due to workers and machines

Answer5b.

                                     

QUESTION3. a. Explain the meaning of Weighted Index Numbers.

Answer6a. When all commodities are not of equal importance. We assign weight to each commodity relative to its importance and index number computed from these weights is called weighted index

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