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‘DPA510 (Com) First Year M.Com Degree Examinations September/October 2012 Directorate of Distance Education Paper-I: Principles and Practice of Management Time: 3 hrs] [Max.Marks: New Scheme : 80 Old Scheme : 70 SECTION-A —_(5x14=70) Note: (a) This Section is common for the students of both OLD and NEW Schemes, (b) Answer any FIVE questions. {c) Each question carries 14 Marks. Explain Scientific Management, What are the merits and limitations of Scientific ‘Management Thought? 2. Examine the classical, neo-classical and modem approaches conceming organization structure. 3. “Planning involves a choice between altemative courses of action”. Do you agree? Justify your answer, 4. What is management by objectives? Discuss the steps involved in the process of ‘Managements by Objectives. Explain the importance of ‘Staff” authority in an organization. Discuss the factors determining centralization of authority. 7. “There should be parity of authority and responsibility in the delegation”. Why? Examine various principles of delegation. 8. What are the barriers to communication? Also, explain the methods of overcoming these barriers, 9. What you mean by human needs? Explain the classification and hierarchy of needs as given by Maslow, 10." What is leadership? Discuss TRAIT Theory and Situational Theory of leadership. SECTION-B —_(1x10=10) Note: (a) This Section is only for the students of NEW Scheme. (With 20 Marks for IA) (6) Answer any ONE of the following and it carries 10 Marks. 11. What do you understand by ‘Decision Making"? What are its basic characteristics? OR 12. Explain the various types of Communication. Discuss the comparative advantages of verbal and written communication. eee eee ‘ DPA520 (Com) First Year M.Com Degree Examinations September/October 2012 Directorate of Distance Education Paper-II: Marketing Management Time: 3 hrs} [Max.Marks: New Scheme : 80 Old Scheme : 70 SECTION-A —_(5x14=70) Note: (a) This Section is common for the students of both OLD and NEW Schemes. (b) Answer any FIVE questions. (©) Each question carries 14 Marks. 1. Distinguish between selling concept and marketing concept, 2 What do you understand by Marketing Environment? Describe the Micro Environment of Marketing. 3 What do you understand by marketing organization? Explain its importance in controlling marketing operations, Describe the meaning and importance of marketing research. Explain the various methods of conducting Marketing Research § What do you understand by Target Marketing? Describe the need for segmenting a market. 7. Describe in brief any three models of consumer behaviour. Describe the steps in developing a new product. 9. What do you understand by marketing communication? Explain the various types of communication. : 10. Describe the characteristics of services and the marketing mix of services. SECTION -B (1x10=10) Note: (a) This Section is only for the students of NEW Scheme. (With 20 Marks for IA) (b) Answer any ONE of the following and it carries 10 Marks. 11. Design a channel of distribution for soft drinks. 12. Describe in detail the social, ethical and legal aspects of marketing, DPAS3O (Com) First Year M.Com Degree Examinations September /October 2012 Directorate of Distance Education Paper-III: Financial Management Time: 3 hrs} [Max.Marks: New Scheme : 80 Old Scheme : 70 SECTION - A (5x14=70 Marks) Note: (a) This Section is common forthe students af both OLD and NEW Schemes. (6) Answer any FIVE of the following questions. Each question carries 14 marks. 1. “Financial management has changed substantially ip scope and complexity in recent decades”. How do you account for this trend” In ‘what direction has emphasis in the field been shifted? 2, AsaFinance Executive, what factors you will take into ‘consideration while designing AA able working capital policy of a company of your choice? 3, Comipate and contrast Walter's and Gorden's dividend model. ‘4, What do you understand by Cost of Capital? How is it calculated? Discuss the importance of cost of capital in Financial Management of an organization. 5, Define capital budgeting. Explain briefly the discounted cash flow techniques of evaluating the projects. Which one, do you think is the most superior technique and why? 6 Bxplain the assumptions-and implications of M-M Theory on capital structure without corporate Income taxes. 7.) Consider the following information of AB Company Ltd. EBIT 1,120 lakhs PBT 320 lakhs Fixed costs % 700 lakhs Calculate percentage change in EPS if sales increased by 10% b) A company's expected annual net operating income (EBIT) is Z 50,000. The ‘company has © 2,00,000, 10% debentures. The equity capitalization rate of the company is 12.5 per cent, Compute the total value of the firm by using NI approach and also overall cost of capital: Contd... 2 DPA530 (Com) Page No... 2 8. Determine the working capital requirements from the following particulars, s Annual budget for Amount (@ Lakhs) Raw materials 360 ‘Supplies and components 120 Manpower 240 Factory expenses 60 Administration 90 Sales 1,190 You are given the following additional information. 8) Stock-levels planned: Raw materials, 30 ays; supplies and components, 90 days, ) 50% of the sales is for cash; for the remaining, 20 days credit is normal. ©) Finished goods are held in stock for a petiod of 7 days before they are released for sale, 4) Goods remain in process for 5 days, ©) ‘The company enjoys 30 days credit facilities on 20% of the purchases. 1) Cash/Bank balances had been planned to be kept at the rate of half month's budgeted expenses. You may make assumptions as considered necessary and relevant in this connection. °- A company needs % 5,00,000 for construction of a new plant. The following three financial plans are feasible: ') The company may issue 50,000 equity shares at € 10 per share, 'i) The company may issue 25,000 equity shares at & 10 Per share and 2,500 debentures of € 100 denominations bearing a 8% rate of intefacy 1H) The company may issue 25,000 equity shares at & 10 Per share and 2,500 Preference shares at € 100 per share bearing a 8% rate of dividend. If the company's and € 1.00,000, what are the earings per share under each cf the three financial Plans? Which altemative would you. recommend. and Why? Also determine the 10. XY Company Lid, has @ retail outlet of pettol, diesel and petroleum products. . DPA530 (Com) Page No... 3 Due to manifold increase in traffic, the existing pumps are not able to meet the demand during peak hours. The company is contemplating installation of addition’! Pumps for diesel and petrol at a cost of & 10,00,000 together with additional working the new pump, the operating cost would increase by % 60,000 annually by way of falary of the pump operator. Other yearly associated additional costs are estimaret to be: Insurance @ 1% ofthe cost of the pump, maintenance cost of @ 24,000 and power costs of & 28,000. XY Company pays 35% as tax on its income. Depreciation will be on straight line basis and the same is allowed for tax purposes. The management of the company seeks your advice on the financial Viability of the crema” Proposal. Prepare a report for its consideration, assuming 12% required rate of return, SECTION -B (1x10=10 Marks) Note: (a) This Section is only for the students of NEW ‘Scheme, (with 20 Marks for IA) (b) Answer any ONE of the following and it carries 10 Marks, 11. Discuss the determinants of dividend policy of a ‘company. 12. Critically evaluate the working of Development Finance Corporations in India, tees ‘DPAS40 (Com) Page No... 1 oe, First Year M.Com Degree Examinations September/October 2012 Directorate of Distance Education Paper-IV: Accounting Theory Time: 3 hrs] [Max.Marks: New Scheme : 80 Old Scheme : 70 SECTION-A —_(5x14=70) Note: (a) This Section is common for the students of both OLD and NEW Schemes. (b) Answer any FIVE questions. (c) Each question carries 14 Marks, Discuss the different accounting principles. Explain the “Eclectic approach’ to the formulation of accounting theory. “Even entity theory needs improvement”. Do you agree? Why? Explain. Briefly explain the role of FASB and IASB. Discuss the features of Current Cost Accounting (CCA) method for accounting under conditions of changing price levels. What are the limitations of the method? yeep e a Define Human Resource Accounting. Why is accounting for human resources being considered important in recent times? Explain. 7. Briefly describe the requirements of Accounting Standard-I (AS-1) with regards to the disclosure of significant accounting policies. 8. What is the current status of ‘interim’ reporting in India? Explain. From the following details, calculate: a) Cost of sales and the b) Cost of closing inventory under CPP method presuming that the firm is following i) FIFO method and ii) LIFO method for inventory valuation. z Inventory as on 1-1-2011 8000 Purchases during 2011 48,000 Inventory as on 31-12-2011 12,000 Price index as on 1-1-2011 100 Price index as on 31-12-2011 140 Average price index for 2011 125 Contd... 2 DPA540 (Com) Page No... 2 10. From the following particulars, attempt a Suitable Valuation of human resources. € in crore) 1, Present value of all annual instalments of salaries payable ¢ 4g together to all categories of employees i 2. Unexpired value of all expenses made for staff training and ie benefits , 3.. Salaries paid in advance with interest due thereon 0.25 SECTION -B (1x10=10) Note: (a) This Section is only for the students of NEW Scheme, (with 20 Marks for IA) (6) Answer any ONE of the following and it carries 10 Marks. 11. Can valuation of inventories including work-in-progress be done above cost? Discuss using relevant Accounting Standard. 12. Write an explanatory note on the history of Accounting, ee ee