Fall / August 2012 Master of Business Administration- MBA Semester 1 MB0038 –Management Process and Organizational Behaviour - 4 Credits

(Book ID:B1621) Assignment Set- 1 (60 Marks) Note: Each Question carries 10 marks. Answer all the questions. Q1. Explain strategy as an organisational process. Ans: The strategic management process means defining the organization’s strategy. It is also defined as the process by which managers make a choice of a set of strategies for the organization that will enable it to achieve better performance. Strategic management is a continuous process that appraises the business and industries in which the organization is involved; appraises it’s competitors; and fixes goals to meet all the present and future competitor’s and then reassesses each strategy.

Strategic management process has following four steps:

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Fall / August 2012 Master of Business Administration- MBA Semester 1 MB0038 –Management Process and Organizational Behaviour - 4 Credits (Book ID:B1621) Assignment Set- 2 (60 Marks) Note: Each Question carries 10 marks. Answer all the questions. Q1. What are the principles of management? Ans: A principle refers to a fundamental truth. It establishes cause and effect relationship between two or more variables under given situation. They serve as a guide to thought & actions. Therefore, management principles are the statements of fundamental truth based on logic which provides guidelines for managerial decision making and actions. These principles are derived: -

On the basis of observation and analysis i.e. practical experience of managers. By conducting experimental studies. There are 14 Principles of Management described by Henri Fayol.

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Master of Business Administration- MBA Semester 1

MB0040 – Statistics for Management - 4 Credits (Book ID: B1623) Assignment Set - 1 (60 Marks) Note: Each question carries 10 Marks. Answer all the questions.

1. Mention the characteristics of Statistics. Explain any two applications of Statistics. Ans: Characteristics of Statistics Statistics is a subject in its own right. It may therefore be desirable to know the characteristic feature of statistics in order to appreciate and understand its general nature. Some of its important characteristics are given below: Statistics deals with the behavior of aggregates or large group of data. It has nothing to do with what is happening to a particular individual or object of the aggregate. Statistics deals with aggregates of observations of the same kind rather than isolated figures. Statistics deals with variability that obscures underlying patterns. No two objects in this universe are exactly alike. If they were, there would have been no statistical problem. Statistics deals with uncertainties as every process getting observations whether controlled or uncontrolled, involves deficiencies or chance variation. That’s why we have to talk in terms of probability.

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Master of Business Administration- MBA Semester 1

MB0040 – Statistics for Management - 4 Credits (Book ID: B1623) Assignment Set - 2 (60 Marks) Note: Each question carries 10 Marks. Answer all the questions. 6. The mean wage is Rs. 75 per day, SD wage is Rs 5 per day for a group of 1000 workers and the same is Rs 60 and Rs 4.5 for the other group of 1500 workers. Find mean and standard deviation for the entire group.

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Fall/August 2012 Master of Business Administration- MBA Semester 1 MB0039 – Business Communication - 4 Credits (Book ID: B1624) Assignment Set - 1 (60 Marks) Note: Each question carries 10 Marks. Answer all the questions. 1. Explain briefly the characteristics of communication. Ans: 1. Clarity : * One of the most essential characteristics of an impressive communication is "Clarity". * Use Simple and Sound words, so that listeners can grab it easily. * Be clear in your thoughts, jumbled & confused mind cannot deliver a good and clear saying. * Avoid using any technical terms, try to explain in laymen language. * Use Examples to explain & support complex scenarios. * Work a little bit on your accent and pronunciation.

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Fall/August 2012 Master of Business Administration- MBA Semester 1 MB0039 – Business Communication - 4 Credits (Book ID: B1624) Assignment Set - 2 (60 Marks) Note: Each question carries 10 Marks. Answer all the questions. 1. Explain the five steps of SQ3R techniques of reading. Ans: Before you read, Survey the chapter: the title, headings, and subheadings captions under pictures, charts, graphs or maps review questions or teacher-made study guides introductory and concluding paragraphs summary Question while you are surveying: Turn the title, headings, and/or subheadings into questions Read questions at the end of the chapters or after each subheading

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Fall/August 2012 Master of Business Administration- MBA Semester 1 MB0043 –Human Resource Management - 4 Credits (Book ID:B1626) Assignment Set- 1 (60 Marks) Note: Each Question carries 10 marks. Answer all the questions. Q1. Explain the role of HR executives in an organisation. Ans: HR Team Effectiveness for HR efficiency:

1. Frame a clear and easily implementable HR Policies

2. Nurture and develop a motivated HR Team to meet business requirement

3. Develop the collective knowledge of the HR team to handle complex and crisis situation arising due to dynamic and changing business environment

4. Create a complementing skills based team such that various HR aspects can be addressed and there are varied competencies and skills the team has to be handle the entire gamut of HR responsibilities ranging from HR design t0o HR delivery. E,g. recruitment specialist, L&D experts, Business HR

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Fall/August 2012 Master of Business Administration- MBA Semester 1 MB0038 –Management Process and Organizational Behaviour - 4 Credits (Book ID:B1621) Assignment Set- 2 (60 Marks) Note: Each Question carries 10 marks. Answer all the questions. Q1. Explain the elements of a career planning programme. Ans: Though programs differ, four distinct elements of career planning programs emerge. They include (1) individual assessments of abilities, interests, career needs, and goals; (2) organizational assessments of employee abilities and potential; (3) communication of information concerning career options and opportunities with the organization; and (4) career counseling to set realistic goals and plan for their attainment. Each of these elements is discussed in greater detail below. You can download 8 Ultimate HR Tools for HR Managers HERE. Individual Assessments Individual assessment of abilities, interests, career needs, and goals is basically a process of selfexploration and analysis. Individuals are frequently guided by self-assessment exercises.

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Master of Business Administration- MBA Semester 1 MB0041 – Financial And Management Accounting - 4 Credits (Book ID: B1624) Assignment Set - 1 (60 Marks) Note: Each question carries 10 Marks. Answer all the questions. 1. Explain the process involved in accounting. Ans: Activities Involved in Accounting are : 1) Identifying 2) Measuring 3) Recording 4) Classifying 5) Communicating 6) Summarizing 7) Analyzing

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Master of Business Administration- MBA Semester 1 MB0041 – Financial and Management Accounting- 4 Credits (Book ID: B1624) Assignment Set - 2 (60 Marks) Note: Each question carries 10 Marks. Answer all the questions. 4. Distinguish between absorption costing and marginal costing Ans: ABSORPTION COSTING VS MARGINAL COSTING 1) Both fixed and variable cost are considered for product costing and inventory valuation. 1) Only variable cost is considered for product costing and inventory valuation. 2) The fixed cost is charged to cost of production. Each product is to bear a reasonable share of fixed cost and profitability of product is thus influenced by subjective apportionment of fixed cost. 2) Treatment of fixed overhead is different. Fixed cost is considered as a period cost. And profitability of different product is judged by P/V ratio. 3) Presentation of cost is on conventional pattern. Net profit of each product is determined after deducting fixed overheads. 3) Production of data is oriented to highlight the total contribution and contribution from each product. 4) The difference in the magnitude of opening stock and closing stock affects the unit cost of production due to the impact of related fixed overheads. 4) The difference in the magnitude of opening stock and closing stock does not affect the unit cost of production. Limitations of Absorption Costing-

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