ASSIGNMENT
DRIVE
SPRING 2019
PROGRAM
BBA
SEMESTER
V
SUBJECT
CODE & NAME BBA506 -PRODUCTION AND OPERATIONS MANAGEMENT
SET-1
Q.1 Explain the Functions and Scope
of Operations Management. Define major factors affecting Operations Management.
A Functions and Scope of Operations
Management. 6
Factors affecting Operations
Management. 4
Answer :
Functions
and Scope of Operations Management :
Operations
management involves a set of activities performed to manage theavailable
resources in an efficient manner in order to convert inputs into desired
outputs. It involves the designing, operation and improving of the
organization’s systems, which are responsible for the creation, delivery and
profit of the organization. Operations management is a vast and the most
crucial area in the functioning of organizations. The three most important
functions in an organization are:
Planning
:
There
are certain
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Q.2 What are the Basic Elements of
Forecasting? Define short run and long run objectives of sales forecasting.
A Basic Elements of
Forecasting 6
Short run and long run objectives
of sales forecasting. 4
Answer :
Basic
Elements of Forecasting :
Forecasting
is featured by certain basic elements listed as follows:
·
Forecasting means prediction of future
events using the most appropriate means or tools.
·
Any sales forecasting analysis is
characterized by four primary elements of economic data that ought to
Q.3 Discuss
various steps of Product selection and development.
A Various steps of Product
selection and development. 10
Answer :
Product design is a term that refers to transforming
an idea of how a product should be and the specifications, which are required
for producing that product. These specifications are created keeping in mind
the constraints of the production process, feasibility to produce, and meeting
the customer expectations without sacrificing the quality. Product design
involves activities like creating drawings
SET-II
Q.1 Define materials management and
state its importance and functions.
A Definition of material Management 2
Importance of Material
management 4
Functions of Material
management 4
Answer ;
Definition
of Materials Management :
Materials
management can be defined as controlling, organizing and managing
materials/stock so that it guarantees the maximum return for a business. It
involves determining the purchase, location, storage, account-keeping and
transportation of stock (planning of moving stock
Q.2 Define Nature of Production
Planning and Control (PPC). 4
Explain following Strategies of
Production Planning
·
Chase
strategy 1
·
Level
production 1
·
Make-to-stock 1
·
Make-to-order 1
·
Assemble-to-order 1
·
Manpower
planning 1
Answer :
Nature
of Production Planning and Control (PPC) :
Production
planning and control (PPC) is an amalgamated operation of the company, which
draws the maximum advantages from planning. The following factors affect the
planning of production operations:
·
Acquisition of raw material
·
Quality control and
Q.3 Define Work Measurement and
state its objectives and techniques.
Definition of Work
Measurement. 2
Objectives of Work Measurement 2
Techniques of Work
Measurement. 6
Answer :
Work
Measurement :
Work
Measurement is a technique to find out the time required to do any activity at
a predetermined level of performance by a qualified worker. In other words, it is
a technique to develop time standards for the performing jobs. To establish usable standards, the operation
must first be trained to do a particular job. These
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ASSIGNMENT
DRIVE
SPRING 2019
PROGRAM
BACHELOR OF BUSINESS ADMINISTRATION- BBA
SEMESTER
SEMESTER V
SUBJECT
CODE & NAME BBA 507 – FINANCIAL MANAGEMENT
SET-1
Q.1 Budgeting is a systematic
approach to the solution of problem.
Explain any five advantages of Budgeting 5x2=10
Answer :
five advantages
of Budgeting :
To
reiterate, budgeting is a management tool; it is a way of managing. It predicts
the future with reasonable precision and removes
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Q2 Elucidate the concept of Earning
Per Share (EPS) and Return on Equity (ROE).
Concept of EPS 5
Concept of ROE 5
Answer :
Common
or ordinary shareholders are entitled to the residual profits. The rate of
dividend is not fixed; the earnings may be distributed to shareholders or retained
in the business. Nevertheless, the net profits after taxes represent their
return. A return on shareholders’ equity is calculated to see the profitability
of owners’ investment. The shareholders’ equity or net worth will include
paid-up
Q.3 Capital Expenditure or
investment planning and control involve a process of facilitating decisions
covering expenditures on long-term assets.
Explain Capital Budgeting Process
10
Answer :
Capital
Budgeting Process :
Capital
expenditure or investment planning and control involve a process of
facilitating decisions covering expenditures on long-term assets. Since a
company’s survival and profitability hinges on capital expenditures, especially
the major ones, the importance of the capital budgeting or investment process
cannot be over-emphasized. A number of managers think that investment projects
have strategic elements, and the investment analysis should be conducted within
the overall
SET-II
Q.1 Briefly Explain MM hypothesis
in terms of two Propositions in the Context of Capital Structure.
Explain Proposition I 5
Explain Proposition II 5
Answer :
MM
Hypothesis :
Modigliani
and Miller (MM) do not agree with the traditional view. They argue that, in
perfect capital markets without taxes and transaction costs, a firm’s market
value and the cost of capital remain invariant to the capital structure
changes. The value of the firm depends on the earnings and risk of its assets
(business risk) rather than the way in which assets have been financed. The MM
hypothesis can be best
Q.2 Working Capital requirements of
a firm is dependent on many factors.
Explain any Five determinants of
Working Capital 5x2= 10
Answer :
Five
determinants of Working Capital :
There
are no set rules or formulae to determine the working capital requirements of
firms. A large number of factors, having different importance, influence
working capital needs of firms. The importance of factors also changes for a
firm over time. Therefore, an analysis of relevant factors should be made in
order to determine total investment in working capital. The following is the
Q.3 :
Particulars S
Ltd
R Ltd
|
Sales 20,00,000 45,00,000
|
Fixed Costs
7,00,000
15,00,000
|
Variable Expenses are 60% of Sales
for Firm S and 30% for Firm R. Determine the Degree of Operating Leverage
(DOL).
Calculate the DOL of Firm S 5
Calculate the DOL of Firm R 5
Answer
:
Solution
S LTD R LTD
`
`
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ASSIGNMENT
DRIVE
SPRING 2019
PROGRAM
BACHELOR OF BUSINESS ADMINISTRATION- BBA
SEMESTER
SEMESTER V
SUBJECT
CODE & NAME BBA 508 - ECONOMIC PLANNING AND POLICIES
SET-1
Q.1 LPG Model was a great game
changer for Indian Economy.
Elaborate the LPG model of
development introduced in 1991
10
Answer :
Liberalization,
Privatization and Globalization (LPG) Model of Development :
The
LPG Model of development was brought out in 1991. The model was pioneered by
the then Finance Minister Dr. Manmohan Singh with a huge impact and it proposed
to lay focus on liberalization, privatization and globalization. (LPG). Several
major changes at the domestic level were introduced:
(i)
Areas up till now reserved for the public sector were opened to private sector.
The Government intended to transfer the loss-
Q.2
Explain the role of Foreign Trade in Economic Development.
Role of Foreign Trade in Economic
Development 10
Answer :
Importance/Role of
foreign trade in economic development of countries
There
is no country in the world today which produces all the commodities it needs.
Every country, therefore, tries to produce those commodities in which it has
comparative advantage. It exchanges part of those commodities with the
commodities produced by other countries relatively more efficiently. The
Q.3 Explain the role of Supply
Management in controlling Inflation in India.
Role of Supply Management in
Controlling Inflation 10
Answer :
Role of Supply
Management in Controlling Inflation :
Supply
management is related to the volume of supply and its distribution system. Some
of the important aspects of this policy are given below:
(a)
Fixation of maximum prices: For eliminating the incentive for
hoarding and speculative activity in food grain, the State Governments are
asked to fix the wholesale and retail prices of food grain. Further, the
government also fixes Minimum Procurement Prices (MPP) for major crops on the
SET-II
Q.1 The number of supporters of
Private sectors has criticized Public Sector in India vehemently.
Explain the role of the Public
Sector in India 10
Answer :
Role
of the Public Sector in India :
Public
sector in India has been criticized vehemently by a number of supporters of the
private sector who have chosen to shut their eyes towards the achievements of
the public sector. To understand the role of the public sector,
Q.2 ‘Price Policy plays a huge role
in Economic Growth’- Justify the Statement
Elaborate the components of Price Policy for Growth. 10
Answer :
Components
of Price Policy for Growth :
The
price policy designed to achieve the above objectives may have the following
components:
(i)
Price Control and Regulation
The
government has accepted the policy of liberalization in all economic activities
and accordingly it has relaxed in most cases and removed control on prices and
distribution of goods. At the same time, the government is also aware that free
competition and free market prices are not fully or universally applicable in
India because (a) there are still serious demand–supply gaps
Q.3 Briefly describe the approach
taken while devising the first twelve five year plans in
India
Approaches taken while devising the
first twelve five years plan. 10
Answer :
The
Approach Paper to the Twelfth Five Year Plan states, ‘The Indian economy on the
eve of the Twelfth Plan is characterized by strong macro fundamentals and good
performance over the Eleventh Plan period, though clouded by some slowdown in
growth in the terminal year of the Eleventh Five Year Plan, with continuing
concern about inflation and a sudden increase in uncertainty about the global
economy’. The paper further states ‘Objective of the Eleventh Plan was faster
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DRIVE
Spring 2019
PROGRAM
BBA
SEMESTER
V
SUBJECT CODE
& NAME
BBA 504
&
TAXATION
MANAGEMENT
1 Write
notes on:
a) Tax Treatment
of Income.
b) Capital
Expenses vs. Revenue Expenses.
c) Fringe
Benefit Tax.
Answer:
a) Treatment of income for tax purposes can be divided into three categories.
They are:
(i) Taxable income: These incomes form a
part of the total income and are fully taxable. These are treated u/s 14 to 69
of the Act. These are salaries, rent, business profits, professional gain,
capital gain, interest, dividend, winning from lotteries, races, etc.
(ii) Exempted incomes: These incomes do not
form a part of the total income either fully or partially. Hence, no tax is
payable on such
2 Raj was
born in Karachi on January 2, 1947. He has been staying in USA since 1986. He
comes to India on a visit of 200 days on October 10,2014. Determine the
residential status of Mr Raj for the assessment year 2015-16.
Determine the residential status of Mr Raj
Discuss the advantages of VAT over Sales tax.
Answer:
Rules for determining residential
status of individuals
There are
two conditions to determine the residential status of an individual viz.
(i) Basic conditions
There are
two basic conditions. They are:
(a) An
individual has been in India for 182 days or more during the previous year
(P.Y) or
(b) An
individual has been in India for 60 days or more during the previous year and
365 days or more during four
3 “Section
48 of the Income-tax Act, 1961 discusses the methods of computation of short
term and long term capital gains”. Enumerate with examples.
A Discuss the methods of computation of Short
term and Long term Capital Gains under Section 48 of the Income-tax Act, 1961
with examples.
Answer: Charging Tax for Short-Term/Long-Term Capital Gains
Gross Total Income
[excluding income given in columns (2) and (3)]
|
Long-Term Capital Gains
taxable under section 112
|
Short-Term Capital Gain
taxable under section 111A
|
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DRIVE
SPRING 2019
PROGRAM
Bachelor of Business Administration- BBA
SEMESTER
Semester 5
SUBJECT CODE
& NAME BBA505: ENTREPRENEURSHIP MANAGEMENT
1 Who is an
Entrepreneur? What is the role of entrepreneurship in Economic Development?
Entrepreneur
Role of entrepreneurship in Economic
Development
Answer:
The word entrepreneur is derived from the French verb ‘entreprendre’, which
means to attempt, to undertake, to contract for, to try in hand, or, to
adventure. In the general sense, the word applies to any person who enters into
a new project or tries a new opportunity and takes from it the profits or the
losses. The Its half solved only
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2 What are
the contents of a Business Plan? Explain with suitable example.
Contents of
a Business Plan
Explanation
with example
Answer:
A business plan is usually
divided into some broad components such as:
(i) Table of contents
(ii) Executive summary
(iii) About management and
activities and past performance of business, if already in business.
(iv) A brief introduction of
business plan
(v) Feasibility report
(technical, market and financial)
(vi) Detailed calculations of
ratios and analysis of them
(vii) Conclusion
Thus, you can see executive
3 Define the
term growth. What are the characteristics of a high growth firm?
Growth
Characteristics of a high growth firm
Answer: In the world of real business, the term
‘growth’ is often used, because a competitive environment has compelled
business firms to view growth as the best survival strategy that may decide
whether a firm will prevail or perish. Growth of a company is occasionally
understood with reference to change in quantity sales, rupee
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