Ms 08 Solved Assignment Jan 2014

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“Figures Don’t Lie, but Liars Do Figure” this is the famous quote of statistics.We will prove it with the help of two real life example from history

1)I take First example from the reference of The National Library of New Zealand.“Figures cant Lie” ABOUT A DIVIDEND PLEASANT SURPRISE FOR INVESTORS;CHRISTCHURCH, Jan. 31 (with reference of newspaper correspondent)

A good deal of curiosity was expressed, when Mr.J.Mc Dougall, who has charge of the totalisator at the trottingmeetings in Canterbury, invited the investors on piecework, who won the sportsman’s handicap at the NewZealand Metropolitan. Trotting Club’s meeting on Saturday, paying a substantial dividend, to meet him at hisoffice. They were a mere handful, but they came in from the highways and hedges and at his request signedtheir names to a statement that they had backedthe horse & indicated the windows at which their tickets had been purchased. The mystery was not fathomed for them at the moment and the popular opinion was that thetotalisator had paid out too much money & was anxious to come into own again.The totalisator is of course, generally supposed to be the mechanical embodiment of that well-loved sup- position that “figures cannot lie’’; but it lied very badly on that Saturday says news, through an accident thatwas quite unforeseeable and that cannot in any wayreflect upon its integrity. The blocks of totalisator ticketsare numbered from the figure “0’’ in sequence, with the result that when the totalisator clerk has sold 0,1,2,3 &4, his block shows that 5, which is the next ticket, is the number of tickets that has been disposed of.Unfortunately, in the case of piecework, the block of tickets had come from the printer in a faulty condition.The numbers from 5 to 14 inclusive were missing and when the club officials came to check the figures the block showed15 as its top number, indicating that 15 tickets had been sold instead of 5. The dividend wasworked out on this basis, and it was only when the totalisator proprietors discovered that their cash was£237over that the mistake was discovered. Fortunately the investors were singularly few, and could be easilyidentified by the clerks who had paid out the abort dividend and Mr. Mc Dougall has now accounted for thewhole investors, who are to be paid the additional money tomorrow, after signing the necessary declarations.The mistake was first traced by the fact that the holder of the block of tickets short in his cash and in accordancewith rules of the totalisator had to pay in£5 from his own pocket to make his cash balance. It is intended infuture to have the blocks more systematically checked, in order that there may be no repetition of nay incidentthat was quite unforeseen and that was not blamable to the totalisator officials. The dividend, which was verysubstantial as it originally stood, has now beenincreased by over 50 per cent.

2)I took the 2

nd

example from newspaper “The New York Times ’’ published on 9

th

March 1988 astitled“ A FEW STATISTICS. FIGURES< WHICH CANNOT LIE, PRESENT SOMEASTONISHING RESULTS.” From Christen Advocate.

A recent speaker says that theNegroesin this country have multiplied eight times in a century. As they have7,000,000 now, in 1980 they will amount to 192,000,000. if they maintain the same relative rate of increase theywill. The whites in 10years by birth and immigrationhave increased 30 percent. At this rate there will be800,000,000 whites and over 200,000,000negroes-in all 1,000,000,000-in the United States in 1988. Who believes either of these statements? By that method one can prove that the Methodist Episcopal Church willsoon have more communicants that the world will contain people. Last year it gained 5 percent net.This ratewillsdouble its membership every 14 years. Hence, in 1902 it will have 4,000,000; in 1916, 8,000,000;in 1930,16,000,000;in 1944, 32,000,000;in 1958, 64,000,000;in 1972, 128,000,000 and so doubling every 14 years, inthe year 2084, less than 200 years from the present date, there will be 32,768,000,000 of members of theMethodist Episcopal church in the United Sates alone. Toll on, thenbrethren, Do not let the fact that, accordingto the figures of the speaker quoted above, there will be only 6,400,000,000 negroes and 13,200,000,000whites-in all 19,600,000,000-of people in the united States at that time disturb you. Who cares for a littledeficit of 3,168,000,000? Great is Statistics! Of Course, other denominations are deluding themselves. Theythink they are increasing; but as we are going to include the whole population, and several thousand millionsmore, they must cease to exist! The only trouble is that if some of them continue to grow as at present, themultiplication table will wipe us out in the same way.From above example in favour of the initial statement we proved that ’’figures cannot lie’’.

ASSIGNMENT

Course Code                        :                                             MS-01

Course Title                         :                                             Management Functions and Behaviour

Assignment Code                 :                                             MS- 01/TMA/SEM-I/2018

Coverage                              :                                             All Blocks

Note : Attempt all the questions and submit this assignment on or before 30t h April, 2018 to the coordinator of your study center.

1. Briefly describe the Management processes. Explain any one of them with respect to its significance and importance in organisational performance and efficiency. Explain with your organisational experience. Briefly describe the organisation, you are referring to.

2. What are the techniques used in different steps of Decision-making? Based on your organisational experience, discuss the importance and rules of Brainstorming in the process. Briefly describe the organisation and the situation, you are referring to.

3. What are the major antecedent conditions for change? Based on your organisational experience, discuss the necessity or otherwise of ‘why all organisations must change’ in the background of ‘how an organisation grows’. Explain the situation and organisational settings you are referring to.

4. 4. Base on your organisational experience/exposure critically discuss the role and impact of formal and informal groups on ‘Management’. Briefly describe the organsational setting, you are referring to.

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ASSIGNMENT

Course Code : MS - 2

Course Title : Management of Human Resources

Assignement Code : MS-2 /TMA/SEM – I/2018

Coverage : All Blocks

Note: Attempt all the questions and submit this assignment on or before 30th April, 2018 to the coordinator of your study center.

1. Explain the process of human resource planning. Describe how HR forecast is carried out in the organisation you are working with or an organisation you are familiar with.

2. Discuss the concept of ‘performance appraisal’. Explain any two methods of performance appraisal that you are familiar with citing suitable organisational examples.

3. Define mentoring and distinguish it from performance coaching. Assume you are responsible for mentoring of employees in a large organisation. Discuss how you will make mentoring a strategic function. Illustrate.

4. Discuss the laws covering wages. Analyse the recent amendments and trends in laws covering wages in India.

5. Critically evaluate the state of workers’ participation in Management in the present day business scenario. Explain with examples your answer giving due details of the organizations and the sources you are referring to.

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ASSIGNMENT

Course Code : MS - 03

Course Title : Economic and Social Environment

Assignment Code : MS-03/TMA/SEM - I/2018

Coverage : All Blocks

Note : Attempt all the questions and submit this assignment on or before 30th April, 2018 to the

coordinator of your study center.

1. Discuss the critical elements of macro-economic policies. How economic environment

gives a direction to the changes in the economic planning?

2. Differentiate between Economic Growth and Economic Development. Why is growth

and development synonymously used in economic discussion?

3. Discuss the genesis of mixed economy framework in India.

4. “An important factor which influences the Balance of Payment of an economy is the

exchange rate of its currency vis-à-vis other major currencies”. Explain the statement

given above.

5. How the twin objective of equity and justice was met by the economic reforms of 1991?

Explain.

6. Write short notes on the following:

(i) Trade Union Movement

(ii) Public Accountability

(iii) Administered prices

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ASSIGNMENT

Course Code : MS-04

Course Title : Accounting and Finance for Managers

Assignment Code : MS-04/TMA/SEM-I/2018

Coverage : All Blocks

Note : Attempt all the questions and submit this assignment on or before 30th April, 2018 to the coordinator of your study center.

1. How is ‘Financial Accounting’ different form ‘Management Accounting’? Discuss the role and activities of an Accountant.

2. The Balance Sheets of XYZ Ltd as on 31st December, 2016 and 2017 are as given below:

Liabilities

2016

2017

Assets

2016

2017

Share Capital

2,00,000

2,00,000

Goodwill

24,000

24,000

General Reserve

28,000

36,000

Buildings

80,000

72,000

Profit and Loss Account

32,000

26,000

Plant

74,000

72,000

Creditors

16,000

10,800

Investments

20,000

22,000

Bills Payable

2,400

1,600

Stock

60,000

46,800

Provision for Taxation

32,000

36,000

Bills Receivable

4,000

6,400

Provision for doubtful debts

800

1,200

Debtors

36,000

38,000

Cash and bank balances

13,200

30,400

3,11,200

3,11,600

3,11,200

3,11,600









Additional Information:-

(i) Depreciation provided on plant was 8,000 and on building was Rs. 8,000.

(ii) Provision for taxation made during the year is Rs. 38,000.

(iii) Interim dividend paid during the year is Rs. 16,000.

From the above information, you are required to prepare Schedule of changes in Working Capital and Funds Flow Statement.

3. What do you understand by CVP Analysis. Explain the effect of Price and Volume on the Net Profit, with the help of a suitable illustration.

4. The Management of ABC Ltd. is considering a proposal to purchase an improved model of a machine which gives increased output. Its existing machine which has been in operation for 2 years has current market value of Rs. 1,00,000, its remaining estimated useful life is 10 years, with no salvage value at the end.

The relevant particulars are as follows:

Existing Machine

New Machine

Purchase price

Rs. 2,40,000

Rs. 4,00,000

Estimated life

12 years

10 years

Salvage value

-

-

Annual Operating hours

2,000

2,000

Selling price per unit

Rs. 10

Rs. 10

Output per hour

15 units

20 units

Material cost per unit

Rs. 2

Rs. 2

Labour cost per unit

20

40

Consumable stores per year

2,000

5,000

Repairs and Maintenance per year

9,000

6,000

Working Capital

25,000

40,000





The company follows the straight-line method of depreciation and is subject to 50% tax. Should the existing machine be replaced? Assume that the company’s required rate of return is 15% and that the loss on sale of Assets is tax deductible.

5. As a Finance Manager how would you determine the Optimal Cash balance that would be required by your Organisation? What measures you would take to ensure the smooth and efficient Management of Cashflows in the Orgnisation?

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ASSIGNMENT

Course Code : MS-05

Course Title : Management of Machines and Materials

Assignment No. : MS-05/TMA /SEM-I/2018

Coverage : All Blocks

Note : Attempt all the questions and submit this assignment on or before 30th April, 2018 to the coordinator of your study center.

1. It is generally felt that “rural areas are good for locating large plant, semi-urban areas for locating medium-sized plants, and urban areas for small-scale plants”. Comment.

2. (a) Define job design. How has management viewed job design since the industrial revolution?

(b) List the important factors that must be addressed in job design and briefly discuss the importance of each one.

3. Under what circumstances would you use PERT as opposed to CPM in project management? Give some example of projects where each would be more applicable than the other.

4. What do you understand by acceptance sampling? In what situations it is used? Briefly discuss the sampling plans.

5. “Inventory management for slow moving expensive items should focus more on lead time reduction than anything else”. Critically examine the statement.

6. Write short notes on any three of the following:

(a) Intermittent flow processes

(b) Uses of work sampling

(c) Helgeson and Birnie Method of line balancing

(d) Benefits of value engineering

(e) Objectives of codification.

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ASSIGNMENT

Course Code : MS - 06

Course Title : Marketing for Managers

Assignment Code : MS-06 /TMA/SEM - I/2018

Coverage : All Blocks

Note: Attempt all the questions and submit this assignment on or before 30th April, 2018 to the coordinator of your study centre.

1. (a) Define the term „Marketing‟ with suitable examples. Discuss the scope and significance of marketing function in a developing and fast emerging economy like India.

(b) What are the various components/ elements of marketing mix in case of products and services marketing. Discuss with suitable examples of your choice.

2. (a) Explain the concept of Product Life Cycle by taking an example one each from a consumer durable and any service offering of your choice.

(b) Distinguish the concept of market vs the concept of a segment and their relationship in marketing, with suitable illustration.

3. (a) Discuss the various steps involved in the marketing research process that help in decision making process. Briefly discuss a few application areas of marketing research in the current business environment.

(b) Distinguish a Product from a Brand with suitable examples. Explain packaging as a market development tool.

4. (a) Why pricing and promotional elements of marketing mix primarily decide the success of any brand? Explain. Discuss the strategic and tactical decisions that a manager should consider in pricing and promoting the firms offering. Take one product and one service offering and discuss their success story.

(b) “Consumer” is the king does this statement still holds good in the era of online/digital marketing? If yes or no substantiate and justify accordingly.

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ASSIGNMENT

Course Code : MS-07

Course Title : Information Systems for Managers

Assignment Code : MS-07/TMA/SEM-I/2018

Coverage : All Blocks

Note : Attempt all the questions and submit this assignment on or before 30th April, 2018 to the coordinator of your study center.

1. Why is the Central Processing Unit (CPU) is called the “Brain” of the Computer? What are the components of a CPU? What factors affects the speed of a computer?

2. Define data and information. What is the difference between the two? What are the main characteristics of information?

3. What are the types of inventory management systems? Define them and partition them into further classes. Also, briefly explain each subdivision.

4. How can you use the Web as a data source for your data warehouse? What types of information can you get from the Web? Explain briefly the steps needed to ensure that only good quality, reliable data is loaded into the data warehouse from the Web.

5. What are expert systems? Mention the working principles of expert systems. Also discuss how knowledge can be represented in expert systems.

6. Write short notes on any three of following:

(a) Redundant Array of Independent Disks (RAID)

(b) Polymorphic viruses

(c) Business software solutions firm Microsoft

(d) Features of JAVA.

(e) Online Analytical Processing (OLAP)

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ASSIGNMENTS

Course Code : MS 08

Course Title : Quantitative Analysis for Managerial Applications

Assignment No. : MS-08/TMA/SEM-I/2018

Coverage : All Blocks

Note : Attempt all the questions and submit this assignment on or before 30th April, 2018 to the coordinator of your study center.

1. A sample survey of 100 families belonging to the middle income group revealed the following distribution according to their annual savings. Find a) average annual sayings, using the efficient method, b) 5th decile, and c) 90th percentile.

Savings (Rs ‘000) 05-09 09-13 13-17 17-21 21-25 25-30 30-35

Number of Families 07 10 15 23 25 14 06

2. It is known that the number of heavy trucks arriving at a railway station follows the Poisson distribution. If the average number of truck arrivals during a specified period of half an hour is 2, find the probabilities that during a given half an hour a) no heavy truck will arrive, b) at least two heavy trucks will arrive, c) at the most 3 heavy trucks will arrive, and d) between 1 and 3 heavy trucks will arrive.

3. A sample survey of tax-payers belonging to business class and professional class yielded the following results:

Business class Professional class

Sample size n1 = 400 n2 = 420

Defaulters in tax payment x1 = 80 x2 = 65

Test the hypothesis at α = 0.01 level of significance that

a) defaulter rate is the same for the two classes of tax-payers, and

b) defaulter rate is higher in the business class than in the professional class by 0.03.

4. A set of paired data on X and Y has mean of X as 36, mean of Y as 85, standard deviation of X as 11, standard deviation of Y as 8, and coefficient of correlation between X and Y as 0.66. Obtain a) the two regression equations, and b) value of X when Y= 75.

5. Write short notes on any three of the following:

(a) Absolute value function

(b) Baye’s Theorem

(c) Multistage Sampling

(d) Delphi method of forecasting

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ASSIGNMENT

Course Code : MS-09

Course Title : Managerial Economics

Assignment Code : MS-09/TMA/SEM-I/2018

Coverage : All Blocks

Note : Attempt all the questions and submit this assignment on or before 30th April, 2018 to the coordinator of your study center.

1. Explain the Opportunity Cost Principle? Substantiate with the help of an example how production possibility reflects opportunity costs?

2. How are Demand, Price Elasticity and Revenue determined? Explain Price Elasticity with the help of any particular example of your choice.

3. Discuss Economies and Diseconomies of Scale. How is Economies of Scope different from Economies of Scale? Explain.

4. Explain “Barriers to Entry” of a firm. Differentiate between legal barriers and natural barriers with the help of any example of your choice.

5. Trace the chronology of deregulation of Indian Telecom from 1992 to 2003. Explain the special role played by Telecom Regulatory Authority of India (TRAI).

6. Write short notes on any two of the following:-

(a) Decision under risk

(b) Biometric forecasting

(c) Kinked demand curve

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ASSIGNMENT

Course Code : MS - 10

Course Title : Organisational Design, Development and Change

Assignment Code : MS-10/TMA/SEM-I/2018

Coverage : All Blocks

Note: Attempt all the questions and submit this assignment on or before 30th April, 2018 to the coordinator of your study center.

1. Describe the factors that affect organisational design and explain different approaches in assessing organisational effectiveness with the help of examples.

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