MBA Jan/Feb 2022 solved assignments 1 semester last date is 30 june 2022

Jan/feb 2022

ASSIGNMENT

DMBA101 – MANAGEMENT PROCESS AND ORGANISATIONAL BEHAVIOUR

 

  1. Visualize the concept of Planning along with various types of Planning.

Ans. Planning can be defined as a basic management function which enables one to select the purpose of the business, and how the resources should be mustered to achieve that purpose to include using the available resources optimally to do that. Planning implies goal setting for the organisation keeping in mind the constraints, opportunities, and threats as much as what the person or business which is planning wants to do. Thus, a plan is a blueprint for goal achievement, a blue print that Its Half solved only

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  1. Define Organizing while having light on the importance of the concept.

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 coordination between authority and responsibility.

Organising is important for the following reasons:

Creates roles – Organising enables a business to create roles or in other words, it links a person to an activity with its own set of responsibility. Thus an activity and a person who must perform the activity are

  1. Define Controlling along with prerequisites of Effective Control.

Ans. Controlling can be defined as measuring and correcting of performance to achieve the organisational goals. According to Brech, “Controlling is a systematic exercise which is called as a process of checking actual performance against the standards or plans with a view to ensure adequate progress and also recording such experience as is gained as a contribution to possible future needs. Though planning and controlling can be considered as two sides of a coin, it is possible for us to make a

 

  1. Discuss the concept of Motivation? Explain Maslow’s hierarchy of needs theory.

Ans: Motivation is the process that initiates, guides, and maintains goal-oriented behaviors. It is what causes you to act, whether it is getting a glass of water to reduce thirst or reading a book to gain knowledge. Motivation involves the biological, emotional, social, and cognitive forces that activate behavior.

Motivation involves the biological, emotional, social, and cognitive forces that activate behavior. In everyday usage, the term “motivation” is frequently used to describe why a person does something. It is the

 

  1. Discuss the concept of ‘Team’, also to discuss seventeen characteristics of an Effective Team.

Ans: A team can be defined as a group of people operating with complementary skills and a high degree of interdependence and accountability to achieve a common and usually difficult goal collectively with authority to execute and the rights to share rewards for the performance.

A team is any

  1. Detail the concept of Leadership. Discuss Trait theory of Leadership in detail.

Ans: Leadership is a process by which a person influences others to accomplish an objective and directs the organization in a way that makes it more cohesive and coherent. Leaders carry out this process by applying their leadership attributes, such as – beliefs, values, ethics, character, knowledge and skills.

Trait theory of Leadership:-

This means tha

Jan/feb 2022

ASSIGNMENT

DMBA102 – BUSINESS COMMUNICATION

 

  1. Define grapevine. “Informal communication network is not just for idle rumors and may be useful in many ways.” Justify.

Ans. Grapevine is an informal communication network, which ignores formal channels of communication and spreads rumors and gossips at all levels of the business organization. Although every business-organization has its formal channels of communication, the informal channel of communication called grapevine also operates in it. It can be easily found that a large portion of the communication in almost every business house is not formal or pre-planned. The employees communicate through informal channels as they do their jobs. It is neither pre-planned nor deliberately motivated by the management. It is neither written nor documented or recorded. Therefore, it refers to any communication that takes place outside the prescribed and pre-planned channels of

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  1. Explain the different delivery styles that speakers can select for their presentation.

Ans: The four most common delivery styles for public speaking include speaking from memory, speaking impromptu, speaking from a manuscript, and extemporaneous speaking. Before writing became a common practice, orators would memorize their speeches, sometimes for months, before presenting to an audience.

Memorized speaking requires delivery from memory still has its place in contemporary society, but the occasions for this type of speaking is usually reserved for introducing important persons, special events such as

  1. Explain a circular and notice using an example for each.

Ans: Like memos, circulars and notices are also written forms of communication within the organisation. The basic difference between a circular and notice is that circulars are announcements that are distributed to small or selective groups of people within the organisation, whereas notices are meant for a larger group of people. Another way to differentiate a circular and notice is that circular are circulated to respective individuals, whereas notices are put up on notice boards. For example, if a manager wants to call a meeting of heads of departments, he will pass around a circular only to the heads,

  1. What are some of the consequences of spelling and punctuation errors, redundancies, clichés, and misuse of words? How does general writing differ from business writing?

Ans: Errors in grammar, spelling, punctuation and typing can affect the business communication significantly. Any inconsistency in writing the message might lead to misunderstanding or miscommunication. Therefore, in business communication, clarity and concreteness of the message is very vital. You might lose your customer if you fail to communicate the information correctly and completely. At the same time, you must remember that general writing is very different from business writing in terms of tone, language and degree of formality of the communication.

In this stage, you

  1. Explain the techniques that you can follow to write a report in a convincing manner, so that the reader accepts them as valid and reliable.

Ans: Reports must also be written in a convincing manner, so that the reader accepts them as valid and reliable. Some suggested techniques to achieve them are:

State the facts in an objective manner – Avoid using superlatives and emotional terms that introduce bias in the

 

  1. What is a cover letter? Explain its components.

Ans: A job application letter is also known as a ’cover’ letter, is a letter sent along with the resume to emphasise or highlight the major points mentioned in the resume. A letter of application usually provides employer the detailed information on why you are qualified for the job that you are applying for. The job application letter is prepared after you prepare the resume. A resume by itself is incomplete, unless it is accompanied by a cover letter. The cover letter, like the resume, must be well written and presented, as it creates a first impression and can get you an interview. Cover letters must be written similar to sales letters, using all the techniques of persuasion. You have to sell yourself to a prospective employer, in the same way that you sell a product to a prospective customer. Cover letters can also be used to personalise your qualifications for a

Jan/feb 2022

ASSIGNMENT

DMBA103-STATISTICS FOR MANAGEMENT

  1. Explain the various scale of measurements in detail.

Ans. Variables differ in how well they can be measured, that is, how much measurable information their measurement scale can provide. There is obviously some measurement error involved in every measurement,

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  1. A manufacturing firm produces steel pipes in three plants with daily production volumes of 500, 1000 and 2000 units respectively. According to past experience, it is known that the fraction of defectives output produced by the three plants are respectively 0.005, 0.008 and 0.010. If a pipe is selected from a day’s total production and found to be defective, find out

 (a) from which plant the pipe comes

(b) what is the probability that it comes from fist plant?

 

  1. Explain the following:
• Probability Sampling and Non-Probability Sampling

• Systematic sampling and Cluster Sampling

• Advantages of Probability Sampling over Non-probability Sampling

• Census vs. sample

• Primary and Secondary Data

 

Ans:

Systematic Sampling Cluster Sampling

 

  1. Explain the components of index numbers in detail.

Ans: An index number is a number which is used to measure the level of a certain phenomenon as compared to the level of the same phenomenon at some standard period. In other words, an index number is a number which is used as a device for comparison between the price, quantity or value of a group of articles in different situations for example, at a certain place or a period of time and that of

  1. What is regression analysis? Explain steps of performing regression analysis in detail?

Ans: Regression analysis is used to estimate the values of the dependent variables from the values of the independent variables. Regression analysis is used to get a measure of the error involved while using the regression line as a basis for estimation. The regression coefficient Y on X is the coefficient of the variable ‘X’ in the line of regression Y on X. Regression coefficients

 

  1. What do you understand by business forecasting? Explain the components of time series

Ans. Business forecasting refers to the analysis of past and present economic conditions with the object of drawing inferences about probable future business conditions. The process of making definite estimates of future course of events is referred to as forecasting and the figure or statements obtained from the process is known as ‘forecast’; future course of events is rarely known. In order to be assured of

Jan/feb 2022

DMBA104– FINANCIAL AND MANAGEMENT ACCOUNTING

  1. Rewathi is a sole proprietor having a provisions store. Following are the transactions during the month of January 2018. Journalize them.

Jan. 1 Commenced business with cash 80,000

Jan. 2 Deposited cash with bank 40,000

Jan. 3 Purchased goods by paying cash 5,000

Jan. 4 Purchased goods from Lipton & Co. on credit 10,000

Jan. 5 Sold goods to Joy and received cash 11,000

Jan. 6 Paid salaries by cash 5,000

Jan. 7 Paid Lipton & Co. by cheque for the purchases made on 4th Jan.

Jan. 8 Bought furniture by cash 4,000 9 Paid electricity charges by cash 1,000

Jan. 10 Bank paid insurance premium as per standing instructions 300

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2. Describe how costs are classified on the basis of function.

 

Ans. We have classified costs into the following functions. The classification is not rigid, like the rule of law. Majorly, our classification is influenced by the value chain of a business. There could be a different and better way to classify costs. Most importantly, we should study the organization’s business model for such a classification. Then, we should design an appropriate classification for that organization—a

 

 

 

 

3. Why should a manager know accounting? Give your opinion with suitable examples

 

Ans: Managerial accounting helps managers make operational decisions–intended to help increase the company’s operational efficiency–which also helps in making long-term investment decisions.

A management accounting department is one of the company’s essential units, but most entrepreneurs don’t realize it due to its “under the radar” style of work. Management accountants are insiders who create internal analyses to guide the overall business strategy.

By definition, their job is to prepare internal financial reports, records, and accounts to aid managers’

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4. Why are the following parties interested in accounting information?

(a) Investors

(b) Government

Ans: Investors are interested because they want to know that are they going to get any profit or not and government do so because they want know about there development of country another thing can be that investor are doing for there own self and government for welfare of

 

5. Based on following transactions, prepare a cash book with cash and discount columns:

2017 `

 

Jan 1 Cash in hand                                                                              11,500

Jan 5 Paid to Ramanathan by depositing in cash deposit machine          300

Discount allowed by him                                                                           10

Jan 8 Purchased goods for cash                                                                400

Jan 10 Cash received from Rajagopal                                                      980

Discount allowed                                                                                        20

Jan 15 Sold goods for cash                                                                        400

Jan 21 Paid cash to Shanthi                                                                       295

Discount received                                                                                          5

Jan 25 Paid wages by cash                                                                          50

Jan 31 Paid to Sanjeev ` 390 in full settlement of his account                  400

 

  1. From the following balances taken from the books of Rajeev, a trader on automobiles, prepare trial balance as on 31st March 2017:

 

Particulars Rs. Particulars Rs.
Cash in hand 5,500 Direct Expenses 5,000
Discount Received 300 Carriage Outwards 3,500
Creditors 15,000 Capital 45,000
Buildings 50,000 Purchases 49,700
Opening Stock 6,000 Sales 59,400

 

Jan/feb 2022

ASSIGNMENT

DMBA105 – MANAGERIAL ECONOMICS

 

  1. Define the term ‘managerial economics. Explain the scope of managerial economics.

Ans: Spencer and Siegelman, in the following words: “Managerial economics is the integration of economic theory with business practice for the purpose of facilitating decision making and forward planning by the management”.

“Managerial economics is concerned with the application of economic concepts and economic analysis to the problems of formulating rational managerial decisions.”

Managerial economics is defined as the branch of economics which deals with the application of various concepts,

  1. Discuss the criticisms of profit maximization model in detail.

Ans: Profit maximization objective is a little vague in terms of returns achieved by a firm in different time period. The time value of money is often ignored when measuring profit. It leads to uncertainty of returns. Two firms which use same technology and same factors of production may eventually earn different returns.

1. Profit Maximisation under Perfect Competition Firm:

Under perfect competition, the firm is one among a large number of producers. It cannot influence the

  1. Explain the different types of cost with suitable example.

Ans: Cost accounting is an accounting process that measures all of the costs associated with production, including both fixed and variable costs. The purpose of cost accounting is to assist management in decision-making processes that optimize operations based on efficient cost management. The costs included in cost accounting are as follows:

Direct Costs

Direct costs are related to

  1. Outline the characteristics and causes of business cycle.

Ans: Characteristics of business cycle

  1. It is a wave-like movement, and it is not a random fluctuation.
  2. It is synchronic in nature. It is all embracing; it covers the entire economy. Any change in one part of the economy affects the entire economy.
  3. It occurs periodically and hence is recurrent in nature. It is repetitive in the sense that it has some recognised pattern.
  4. It is to be noted that different trade cycles are similar but not identical in their nature.
  5. The effects of different trade cycles are different on different activities.
  6. It is self-
  1. Summarize the different objectives of pricing policies.

Ans. Five main objectives of pricing policies are:

  • Achieving a Target Return on Investments
  • Price Stability
  • Achieving Market Share
  • Prevention of Competition and
  • Increased Profits.
  • Define and discuss the importance of consumption function in detail.

Ans 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 level of income and employment and vice-versa. Effective demand consists of consumption expenditure and investment expenditure.

Consumption expenditure depends on the size of income and the consumers’ propensity to consume while; investment expenditure depends on the marginal efficiency of capital and the rate of interest. Keynes suggested a high propensity to consume to tackle the problem of unemployment in an economy as one of the remedial measures. To understand the concept clearly it is necessary to distinguish between consumption and consumption function. The term consumption refers to a particular amount of consumption out of a given amount of income. On the other hand, consumption function refers to different amounts of consumption at different levels of income. It explains a functional relationship between changes in the level of consumption as a result of changes in the levels of income. It indicates how consumption varies as income changes. If consumption is represented by C and income by Y then, the propensity to consume is C= f (Y). It implies that consumption is an increasing function of income. There is a direct relationship between the two.

 

Importance of consumption function

It has got great theoretical as well as practical importance. Almost all countries of the world aim at removing unemployment raise their national income and enjoy prosperity. For this purpose, a policy of planned economic development is essential. In the formulation of this policy, consumption function plays a very important role.

  1. It invalidates Say’s

ASSIGNMENT

DMBA106 – HUMAN RESOURCE MANAGEMENT

Jan/feb 2022

 

  1. Discuss Index and Trend analysis of Human Resource Planning.

Ans: An analysis forecasts the requirement for additional manpower by projecting trends of the past and present to the future. It makes use of operational indices for this.

Historical relationship between the operational index and the Demand for Labour.

Operational indices used are:

  • Sales

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  1. Explain the elements of a Career Planning Programme.

Ans: There are four distinct elements of career planning programme:

  • Individual assessment and need analysis
  • Organisational assessment and opportunity analysis
  • Need – opportunity alignment
  • Career counselling
  1. What is 360 Degree Appraisal?

Ans. Typically, performance appraisal has been limited to a feedback process between employees and managers. However, with the increased focus on teamwork, employee development and customer service, the emphasis has shifted to employee feedback from multiple sources as depicted in figure. This multiple-input approach to performance feedback is called “360 degree

  1. Describe the applications of HRIS in Human Resource Management

Ans. HRIS (human resources information system) is a type of business application that enables companies to store employee information, manage common HR functions, and execute critical HR activities such as processing payroll and administering benefits.

HR needs to handle many things in an organisation including increasing numbers of employees and different HR activities. It became important for many organisations to bring almost all HR activities under

 

 

  1. Describe the forms and effects of Grievance.
Ans. Forms of Grievance

A grievance may take anyone of the following forms:

  • Factual: A factual grievance arises when the legitimate needs of employees remain unfulfilled, e.g., wage hike has been agreed but not implemented citing various reasons.
  • Imaginary: When an employee’s dissatisfaction is not because of any valid reason but because of wrong perception, wrong attitude, or wrong information he has. Such a situation may

 

 

  1. Explain the concept of Employee Welfare and the benefits of Employee Welfare.

Ans: Employee welfare means anything done for the comfort and (intellectual or social) improvement of the employees, over and above the wages paid. In simple words, it means “the efforts to make life worth living for workmen.” It includes various services, facilities and amenities provided to employees