Internal Assessments
1. What are the causes behind
human behaviour? What constitute
learned characteristics
of human behaviour?
Ans. The factors which are commonly designated as causative of individual differences are as follows:
1. Race:
The
ethnologists have explained many of the supposed differences, and have been
inclined to place the various races upon a more equal footing with respect to
inborn capacity. There may be some Its
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2. “Group dynamics have
synergy.” Explain the relevance of groups in the light of this
statement? What is
locus of control?
Ans. Group dynamics are
actually a result of synergy: A
dysfunctional group is in reality multiple smaller groups including siloed and
alienated individuals. There are no group dynamics for these larger declared
and dysfunctional entities, only for the smaller subset groups when and
3. What is the system resource
approach on organizational
effectiveness? What do you
understand by sustaining culture? What are the
types of communication?
Ans. Approaches of Organisational Effectiveness:-
1. Systems Resources Approach: This approach to organisational
effectiveness focus on inputs — that is, on the extent to which the
organisation can acquire the resources it needs. The organisation obtains
inputs, participates in transformation processes, and generates outputs. This approach
4. Why changes are important for any
organization? Explain the concept of Individualism- Collectivism. What is
sensitivity training?
Ans. Organizational change refers to the actions in which a company or business alters a major component of its organization, such as its culture, the underlying technologies or infrastructure it uses to operate, or its internal processes. Organizational change management is the method of leveraging change to bring about a
5. What is
Ethical Management?
Analyse the
elements of business process reengineering.
Ans. Ethical management means creating standards and environments for employees to make the right decisions in an ethical dilemma. In addition, it recognizes the company's economic and legal responsibilities as well as fulfilling
Internal Assessments
Managerial Economics
1. Define Managerial Economics.
Differentiate Risk and Uncertainty. Explain the
law of Diminishing Marginal Utility.
What is Demand Forecasting?
Ans.. “Managerial economics is concerned
with the application of economic concepts and economic analysis to the problems
of formulating rational managerial decisions.”
Managerial
economics is Its Half solved only
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2. What is the Demand-Supply Equilibrium?
Analyse the
Factors Behind
the Laws
of Returns. How does the
Market System work?
Analyse the interdependence
of oligo polyfirms.
Ans. Demand-Supply Equilibrium:
Equilibrium is the state in which market supply and demand balance each other,
and as a result prices become stable. Generally, an over-supply of goods
or services causes prices to go down, which results in higher
demand—while an under-supply or shortage causes prices to go up resulting in less
demand. The balancing effect of
3. Elaborate Total, Average and
Marginal Costs. What is the Total Contribution
Margin? Discuss Profit
Maximization. What do you
understand by Investment Analysis?
Ans. Total Cost (TC) describes the total economic cost of production. It is composed of variable, and fixed, and opportunity costs.
Fixed costs
·
The accounting costs which do not change based on your level of output
·
Always determined to be fixed in the short term; if
you could not change it on short notice it is
4. What do you understand by Economic Growth? What
do you understand by Gross Domestic Product? Differentiate
Aggregate Supply and
Aggregate Demand. Discuss in
detail the different elements of
Paradigm.
Ans. Economic
Growth: In simplest terms, economic growth refers to an
increase in aggregate production in an economy. Often, but not
necessarily, aggregate gains in production correlate with increased
average marginal productivity. That leads to an increase in incomes, inspiring
consumers to
5. Enlist the factors due to which humans tend
to adopt Economizing Behaviour
Ans. The factors due to which humans
tend to adopt Economizing Behaviour:
Farmer decision-making and behavioural factors
·
Farmers’
adoption of sustainable practices: Farmers’ decisions
to adopt more sustainable practices, such as organic farming, restoring
hedgerows or growing cover crops, have their peculiarities. Originally,
behavioural insights, particularly
· Internal Assignment
Management Principles and Practices
1.
Explain in details the functions of
Management.
Ans.
Management is essential for an organized life and necessary to run all types of
organizations. Managing life means getting things done to achieve life’s
objectives and managing an organization means getting things done with and
through other people to achieve its objectives.
“Management
is a set of principles relating to the functions of planning, organizing,
directing, and controlling, and the applications of these principles in
harnessing physical, financial, human, and informational resources Its Half solved only
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2.
Explain in detail organizing functions of
management. What are the factors
that determine a good organizational
structure?
Ans. According to Chester Barnard, “Organizing is a function by which the concern
is able to define the role positions, the jobs related and the co-ordination
between authority and responsibility. Hence, a manager always has to organize
in order to get results.
Organizing is
the function of management which follows planning. It is a function in which
the synchronization and combination of human, physical and financial resources
takes place. All the three resources are important to get
3. What are the different steps in rational decision making process?
Ans. The Rational Decision-Making
Process:-
The more carefully and strictly these steps are
followed, the more rational the process is. We’ll look at each step in closer
detail. The rational decision-making process involves careful, methodical
steps:
Step 1: Research and brainstorm possible
solutions for your problem.
Expanding your pool of potential solutions boosts
your chances of solving your problem. To find as many potential solutions as
possible, you should gather plenty of information about your problem from your
4.
Explain the term leadership. What are
the different leadership styles?
Ans. A
leader inspires others to act while simultaneously directing the way that they
act. They must be personable enough for others to follow their orders, and they
must have the critical thinking skills to know the best way to use the
resources at an organization's disposal.
Leadership captures the essentials of being able and
prepared to inspire others. Effective leadership is based upon ideas—both
original and borrowed—that are effectively communicated to others in a way that
engages them
5. What is Ethical Management? Analyze the elements of
business process reengineering.
Ans. Ethical management means creating standards and environments for employees to make the right decisions in an ethical dilemma. In addition, it recognizes the company's economic and legal responsibilities as well as fulfilling the expected ethical responsibility as the basic duty of the company and means the management which complies with the ethical management as the principle of conduct with leading attitude.
Ethical Management is a set of
Internal Assessments
Financial and Accounting
Management
1.
Briefly describe the concept of Accounting & Statistics. Describe the
systems of book keeping and accounting. Write a note on objectives of final
accounts. Write a brief note on steps for preparing Statement of Affairs.
Ans.
Accounting
concepts are the basic rules, assumptions, and conditions that define the
parameters and constraints within which the accounting operates. In other
words, accounting concepts are the generally accepted accounting principles,
which form the fundamental basis of preparation of universal form of financial
statements consistently.
In
simple words, accounting can be defined as keeping records of all financial
transactions related to an individual or an entity. And then there are
pre-defined rules and procedures in the way a transaction should be Its Half solved only
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2.
Write a note on Income Statement. Write a note on Cost-Volume-Profit Analysis.
Elaborate the Du-Pont Model. Discuss briefly uses of fund flow statements.
Ans:
Income Statement : An income statement is a financial
statement that shows you the company’s income and expenditures. It also shows whether
a company is making profit or loss for a given period. The income
statement, along with balance
sheet and cash
flow statement, helps you understand the financial
health of your business.
The income statement is also known as a profit and
loss statement, statement of operation, statement of financial result or
income,
3.
Write a brief note on Utility of Cash Flow Analysis. What are the components of
total cost? What are the types of cost sheet? Write a note on Base Stock
Method.
Ans.
Cash Flow Analysis: There are three
cash flow types that companies should track and analyze to determine the liquidity
and solvency of the business: cash flow from operating activities, cash flow
from investing activities and cash flow from financing activities. All three
are included on a company’s cash flow statement.
In conducting a cash flow analysis, businesses
correlate line items in those three cash flow categories to see where money is
coming
4.
Discuss the term Marginal Costing. Write a note on Profit Planning. Write a
short note on Production Budget. Write a note on Discounted Cash Flow Method.
Ans.
Marginal Costing:
The marginal cost of production
is an economics and managerial accounting concept most often used among manufacturers as a means of
isolating an optimum production level. Manufacturers often examine the cost of
adding one more unit to their production schedules.
At a certain level of
production, the benefit of producing one additional unit and generating revenue
from that item will bring the
5.
Explain the concept of Single Entry System. What are the salient features of
Single Entry System?
Ans. Single
Entry System: A single entry system of
bookkeeping is where the transactions of the business affect only one account,
i.e. only one account’s value will decrease or increase based on the
transaction amount. Under this system, a cash book is prepared that shows the
payment and receipts of the cash transactions.
Under the single entry system of
bookkeeping, the cash book and personal accounts of creditors and debtors are
maintained, and no other
Internal Assignment
Quantitative
Techniques
1. What are quantitative
techniques? What is differentiation? Explain Constant Functions, Polynomial
Functions & Relation Functions? What are the applications of linear
programming in Industries?
Ans.
Quantitative Techniques: Decision Science is the application that uses scientific approach and solves
the management problems. It also helps managers to make best decisions.
Decision science includes a
large number of mathematically oriented techniques. These techniques can be Its Half solved only
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2. What are the methods of finding coefficient
of correlation? Explain the travelling salesman problem. Explain the concept of
A- priori Probability. Explain the Poisson Process.
Ans Methods of finding coefficient
of correlation: If you want to measure the strength of a
relationship between two variables, you can do so by using an advanced or
online calculator. You can also put your mathematical skills to use and
calculate it by hand. When calculating a correlation
3. What is heuristic programming?
What is an optimum path? What is Monte Carlo simulation? State three areas of
application of Monte Carlo simulation.
Ans. Heuristic Programming:
Heuristic Programming refers to the process by which computers approach human
learning by simulation, resimulation of data, and probability estimation.
In other words, it attempts to
4. What are the different queuing
models? What is Minimax Criterion? What is opportunity loss? What is a
deterministic model?
Ans. NTRODUCTION:
A queuing system consists of one or more servers that provide service of some
sort to arriving customers. Customers who arrive to find all servers busy
generally join one or more queues (lines) in front of the servers, hence the
name queuing systems. There are several everyday examples that can be described
as queuing systems, such as bank-teller service, computer systems,
manufacturing systems, maintenance systems, communications systems and so on.
Components of a Queuing
5. Explain Cob Douglas Production
Function?
Ans. A Cobb-Douglas production function models the relationship between production output and production inputs (factors). It is used to calculate ratios of inputs to one another for efficient production and to estimate
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