MBA Semester I MB0038 -Management Process and Organizational Behaviour Q1. Explain strategy as an organisational process.

Answer: Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy. complete Answer available free on www.smuSolutions.com

MB0039 - Business Communication Q1. Explain briefly the characteristics of communication. Answer: According to Berelson and Steiner, communication is “the transmission of information, ideas, emotions, skills, etc., by the use of symbols, words, pictures, figures, graphs, etc.” It is the act or process of transmission that is usually called communication.” complete Answer available free on www.smuSolutions.com

MB0040 - Statistics for Management Q1. Mention the characteristics of Statistics. Explain any two applications of Statistics. Answer :Characteristics of Statistics: There are several characteristics of Statistics. Not only does it deal with an aggregate of facts, it also gets affected by multiple causes. Statistics are numerically expressed and are estimated with varying degrees of accuracy. complete Answer available free on www.smuSolutions.com

MB0041 - Financial and Management Accounting Q.1 Explain the process involved in accounting. Answer: Accounting is the process of identifying the transactions and events, measuring the transactions and events in terms of money, recording them in a systematic manner in the books of accounts, classifying or grouping them and finally summarizing the transactions in a manner useful to the users of accounting information...complete Answer available free on www.smuSolutions.com

MB0042 - Managerial Economics Q1. Explain the importance of managerial economics. Answer:Managerial Economics does not give importance to the study of theoretical economic concepts. Its main concern is to apply theories to find solutions to day-to-day practical problems faced by a firm...complete Answer available free on www.smuSolutions.com

MB0043 - Human Resource Management Q1. Explain the role of HR executives in an organisation. Answer: Some industry commentators call the Human Resources function the last bastion of bureaucracy. Traditionally, the role of the Human Resource professional in many organizations has been

to serve as the systematizing, policing arm of executive management...complete Answer available free on www.smuSolutions.com

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