Engineering Management

Subject: Engineering Management

Total Time Duration: 90 Minutes
Total Marks: 50
Questions Details:

Section-1 (20 Marks) : 20 Objective having 1 Mark Each (Q#2 to Q#21) - (Must
Attempt all Objectives)

Section-2 (30 Marks): Each Subjective Carry 10 Marks (Q#22 to Q#26)

IMPORTANT: (Choice Option: Attempt only three subjective Question out of
Given Five)

Must write your Full Name and Registration#below.
0


2

Management Style of Administrators is 1
They are nicely dressed
They go by the rules
They always help and favor staff
They are Trouble Makers
3

Mangers are different from leaders because 1
They are Employees of the company
They are low paid
They believe in short term success
Non2 of them
4

Team building includes 1
Selection process
Salary fixation
Benefits fixation
Interviews
5

Selection process is based upon 1
Availability of candidates
Discretion of HR manager
Selection tools
Interviews only
6

Effective Team development depends on 1
Liberal reward system
Selection process
Effective control mechanism
None of them
7

Leaders are required to 1
Control followers through strict authority
Through financial rewards
By inspiring the followers through personality
Forcing the followers to follow 4
8

PLC means ___________ 1
Profit and loss control
Product life cycle
Particular line of communication
Non of the above
9

Project Management includes 1
Project scoping
Providing project finances
Appointing project manager
Appointing consultants
10

Role of Data in marketing is ____ 1
To computerize operations
To collect information for planning
To keep record
Non of Above
11

FIFO ? 1
Is a method to control cost
Is a method used for stock evaluation
Is a tool for marketing strategy
Both a and b
12

Investment made by company means 1
Loan from banks
Stock hare of the company
Money invested by owners
Suppliers credit
13

IRR stands for 1
integrated ,regular, return
Information ,resources reliability
Internal rate of return
Non of above
14

LIFO ? 1
Is a method of stock evaluation
Is a strategy to gain market share
Is a method to control operations
Is a planning tool
15

Cruising stage of a company is 1
When company is avoiding loss
When company is at optimum level
When company is closing operations
When company is reorganizing
16

Growth Stage of a company is 1
When it is being established
When it is expanding vertically/ horizontally
When it is making profits
When it on decline
17

MBO includes 1
Brain Storming only
It is about Peoples Management
It is part of financial Planning
It is a management tool
18

Cooperate Strategy formulation is 1
Responsibility of all staff members
Responsibility of Stake holders
Responsibility of COO
Board of Directors Right
19

Organizational change is 1
Shifting the head quarters
Transferring staff every two years
Moving from Manual to automatic computerized systems
Depends on the Chief Executives
20

Organizational Structure means 1
Employees working together
Reporting system
Relationship with external environment
Non of them
21

Management is all about 1
Image Building
Staff Promotion & Reward
Organizing , Controlling & Planning

Skill Development


22

What are various management styles and how these styles are effectively
used for bringing organizational changes.(10 Marks)

10
there are many differents of management styles.This is not surprised that styles used
is often determined by the personality of the manager concerned,seven style will be
described. Administrators administrators look to company rules and regulation for
solving all problems.which are often limited one level upwards and downwoards they
project department and status and look after their staff. Time servers these are
generally older mangers who have lost interst in their job and environment and are
marking time until retirement or moving to another job.they are taking all necessary
action to avoid stress.and maintain a low profile within the company. Climbers these
are mangers are driven by extreme personal ambition and will sacrifice everything
including self and family to get to the tob of the corporate ladder. Generals this is
usually a younger person who exhibits lots of energy. the general likes to rule and
manipulate power is used to gets task done.generals work extremely hard driving
themselves and those under them . Supporters supporters maintain a balanced view
about the worl the organization subordinates and themselves. suporters are good
facilitators and very good at managing change. Nice guy the productivity of the group
under the nice gury is low and conflict ofter simmers under the surface waiting to burst
out. Bosses These managers are bullies they like to have their own way and bully
their staff especially their secretaries in order to the enhance their own sense of
power .the drowned and the saved. mangers in the boss category are often brought
into a company to act as hatchet men.


23

Differentiate managers from Leaders and explain how effective teams can
be created. (10 Marks)
10
The manager in the Dilbert strip is a leader only in the sense that members of the
technical staff are forced to follow his directions. Of course, ideally a manager is also
a leader that people want to follow. In that case, there can be a relationship that
strengthens a group and focuses it on meaningful work. The questions we should ask
about a business leader who has a following are: Why do people follow this leader?
What should the leader do to make teams and organizations successful A leader
should design responsibilities that engage a persons competence and values.

Responsibilities are motivating when they stretch people and are meaningful to them.
Responsibilities can engage such intrinsic motivations as exercising ones abilities,
creating something new, helping others and providing value to customers. Which of
these meanings is most motivating depends on an individual's personality. Team
building skills are essential for every aspect of life. Whether your a manager,
entrepreneur or just setting up a neighborhood park clean up, basic team building
skills can determine the success of any project. Needless to say, many projects and
events have failed because team collaboration and team work was sacrificed for
individual grand standing and personal achievements. Belonging to a team sets you
up for greater effectiveness that you never could accomplish on your own.
Organizations and groups that promote teamwork create environments that lead to
greater productivity, creativity not to mention a feeling of ownership. Here are 8 basic
strategies for effective team building.

24

What role Data & information can play in product development and
management. (10 Marks)
10



25

Explain LIFO Method of Stock Evaluation and list various types of
investments. (10 Marks)
10

The LIFO last in ,first out method of stock valution usesthe latest purchese price paid
for the stock untill that is used up & then the earlier price is used. the advantage of the
LIFO method of stock vauation is that the cost allocatedthe good withdrawn from
stores is kept closeto their market price, so that paper profits are avoided. however,
this method is not logical since it puts costs on items thatare the reverseof those
actually incurred when buying item them for stores. using aLIFO method of stock
valuatin does not mean that goods have actually to be with drawn from stores in that
order . in the case of perishable goods it is descrbable to adop a FIFO method of
storesissue, irresrespective of the system used to value such issues. List of
investment are 1-Bonds 2-stock 3-mutual funds etc


26

How the cooperate strategy is used for sustained growth of the company. (10
Marks)