MS-05 Management of Machines and Materials

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ASSIGNMENT

Course Code      :MS-05

Course Title       :  Management of Machines and Materials

Note : Attempt all the questions and submit this assignment on or before 30^th April, 2013 to the coordinator of your study center.

Q1. Discuss the role of scientific methods in Operations Management.

Ans : Frederick Taylor is the person who is most often associated with the system labeled scientific management, and indeed, he was the originator of this set of concepts. However, there were others in the field of scientific management who had as much if not greater effect on the workplace. According to Sullivan (1987), Taylor's work not only

Q2. Explain the product selection and stages involved there in.

Ans  :  Steps Involved in Product Selection

There are three basic steps involved in product/venture selection. These are idea generation, evaluation and choice.

Idea Generation: Product ideas

Q3. Define Job Design. How Management has viewed Job Design since the Industrial Revolution.

Ans : Job design refers to the way that a set of tasks, or an entire job, is organized. Job design helps to determine:

what tasks are done, how the tasks

Q4. Discuss the variation in the approach of planning and controlling of mass , Batch and Job production.

Ans : Batch production is done when a product is made in different varieties and the volume is less. This system works well for

Q5. Discuss the various methods for stores accounting and verification systems.

Ans : A Stores is a virtual money that can be enchased. However, this money needs to be properly counted or accounted for. Stock accounting is thus a systematic way of assessing the money value of the items lying in stores as also the items under

Q6. Write Short notes on:

a) Work Sampling

b) Acceptance Sampling

c) Value Engineering & Analysis

d) Waste Management.

Ans :

a) Work Sampling : Work sampling is the statistical technique for determining the proportion of time spent by workers in various defined categories of activity (e.g. setting up a machine, assembling two parts, idle…etc.).It is as important

b) Acceptance Sampling : Acceptance sampling uses statistical sampling to determine whether to accept or reject a production lot of material. It has been a common quality control technique used in industry and particularly the military for contracts and procurement. It is usually done as products leave the factory, or in some cases even

c) Value Engineering & Analysis : Value engineering (VE) is a systematic method to improve the "value" of goods or products and services by using an examination of function. Value, as defined, is the ratio of function to cost. Value can therefore be increased by either improving the function or reducing the cost. It is a primary tenet of

d) Waste Management : Waste management is the collection, transport, processing or disposal, managing and monitoring of waste materials. The term usually relates to materials produced by human activity, and the process is generally undertaken to reduce their effect on health, the environment or aesthetics. Waste

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MS-04 Accounting and Finance for Managers

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ASSIGNMENT

Course Code      :MS-04

     Course Title     :  Accounting and Finance for Managers

Note : Attempt all the questions and submit this assignment on or before 30^th April, 2013 to the coordinator of your study center.

Q1. Explain in detail the various accounting concepts and discuss the application of these concepts in the preparation of financial statements.

Ans. Accounting is the language used by businesses to communicate their financial information and performance to interested parties. Like every language accounting too has a set of concepts that it is based on. Accounting has a set of twelve fundamental concepts that form the basis of all accounting; these concepts are called the General Accepted Accounting Principles (GAAP). These concepts explain the meaning of all the figures that are found in the

Q2. Fairdeals Ltd. presents the balance sheets as at 31.12.2009 and 31.12.2010 as follows:

	31.12.09	31.12.10
Assets	Rs.	Rs.
Fixed Assets at cost	31,30,000	36,05,000
Less: Depreciation	6,80.000	8,20,000
	24,50,000	27,85,000
Investments	12,50,000	13,50,000
Marketable Securities	60,000	30,000
Inventories	4,10,000	5,20,000
Book Debts	5,30,000	5,05,000
Cash and Bank	1,20,000	1,40,000
Preliminary Expenses	1,00,000	50,000
	49,20,000	53,80,000
Liabilities
Share Capital	20,00,000	25,00,000
Reserve and Surplus	4,20,000	4,70,000
Profit and Loss Account	3,80,000	4,00,000
13.5% Debentures (Convertible)	10,00,000	8,00,000
Mortgage Loan	3,00,000	2,50,000
Current Liabilities	8,20,000	9,60,000
	49,20,000	53,80,000

You are informed that during 2010

(i)                  Rs. 2,00,000 of debentures were converted into shares at par;

(ii)                Rs. 1,00,000 shares were issued to a vendor of fixed assets;

(iii)               A machine costing Rs. 50,000 book value Rs. 30,000 as at 31^st December, 2009 was disposed off for Rs. 20,000;

(iv)              Rs. 30,000 of marketable securities (cost) was disposed off for Rs. 36,000.

You are required to prepare a schedule of working capital changes and funds flow statement of the company for 2010.

Ans.

Q3. An Analysis of S Ltd. cost records give the following information.

	Variable Cost	Fixed Cost
	(% of Sales)	Rs.
Direct Material	32.8%	-
Direct Labour	28.4	-
Factory Overhead	12.6	1,89,000
Distribution Overhead	4.1	58,400
Administration Overhead	1.1	66,700

Budgeted sales for the next year are Rs. 18, 50,000. You are required to determine:

(a)    Break even sales value

(b)   Profit at the budgeted sales volume

(c)    Profit if actual sales: (i) drop by 10% (ii) increase by 5% from the sale.

Ans. (a). Break-

Q4. Briefly explain the following :

a)      Rolling budget

b)      Performance budgeting

c)       Zero base budgeting

d)      Measures of financial beverage

Ans. (a) A rolling budget is a budget that is continually updated to add a new budget period as the most recent budget period is completed. A rolling budget calls for considerably more management attention than is the case when a company produces a one-year static budget, since some budgeting activities must now be repeated every month. In

(b).  Performance budgeting - the use of performance criteria to link funding to results - has become a key element in the public sector reform agendas of many countries. This book examines the diverse range of models that have emerged. Using a combination of theoretical analysis and case studies, it sheds light on what works

(c).  A method of budgeting in which all expenses must be justified for each new period. Zero-based budgeting starts from a “zero base” and every function within an organization are analyzed for its needs and costs. Budgets are then

(d).

Q5. What is capital structure? Explain the features and determinants of an appropriate capital structure.

Ans.  Capital structure: It represents the total long-term investment in a business firm. It includes funds raised through ordinary and preference shares, bonds, debentures, term loans from financial institutions, etc. Any earned revenue and capital surpluses are included.

Capital Structure Planning: Decision regarding what type of capital structure a company should have is of critical importance because

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MS-03 Economic and Social Development

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ASSIGNMENT

Course Code  :   MS-03

Course Title :     Economic and Social Development

Note : Attempt all the questions and submit this assignment on or before 30^th April, 2013 to the coordinator of your study center.

Q1. “Management at all levels of specialized functions is influenced by the critical elements of the business environment”.  Explain with suitable examples.

Ans. Management, at all the levels of specialized functions, is influenced by the critical elements of economic environment. For example, when an industry faces business recession, the management may decide to cut down the rate of production or to pile up inventory accumulation. When the market is being invaded by an increasing number of closely substitutable products, the management may decide to go in for aggressive advertisement or cut-throat

Q2. What is the exact position of China in so far as its economic system/structure and the role of the Government are concerned?  How would you describe its economic system?

Ans. China stood as the second-largest economy in the world after the US, having surpassed Japan. The dollar values of China's agricultural and industrial output each exceed those of the US; China is second to the US in the value of services it produces. Still, per capita income is below the world average. The Chinese government faces numerous economic challenges, including:

(a) Reducing its high domestic savings rate and correspondingly low domestic demand; (b) sustaining adequate job growth for tens of millions of migrants and new entrants to the work force; (c) reducing corruption and other economic crimes; and (d)

Q3. Name and briefly describe a sick unit with which you are familiar or identify one such unit and briefly attempt the following:

(a) Factors which caused sickness, including management failures and the present position.

(b) Measures, if any, initiated for ensuring its healthy functioning.

Ans. (a).Causes for Sick Industrial Company

"`Sick Industrial Company' means an industrial company which has

a) The Accumulated losses in any financial year equal to 50 per cent or more of its average net worth during four years immediately preceding such financial year; or

b) Failed to repay its debts within any three consecutive quarters on demand made in writing for its repayment by a creditor or creditors of such company." The above definition tell us that, one may say that moratorium period has after all not been done away with — if anything, it has been retained at the same level of five years. It is clear that the moratorium period has been completely done away with. For, had the four-year moratorium period

Q4. Define the following:

a) Balance of trade; balance of invisible transfers; current account balance; capital account balance and balance of payments.

Ans. (a) The Balance Of Trade is the difference between the monetary value of exports and imports of output in an economy over a certain period. It is the relationship between a nation's imports and exports. A positive balance is known as a trade surplus if it consists of exporting more than is imported; a negative balance is referred to as a trade deficit or, informally, a trade gap. The balance of trade is sometimes divided into a goods and a services

b) Prepare a write up on the merits and demerits of currency convertibility for a developing country.

(b) Currency convertibility or capital account convertibility is a very simple concept. All it means is that if you take your rupee to a bank or foreign exchange dealer and want to exchange it into another currency, such as the US dollar or the euro, it they should be done exchange the money with no questions asked whatsoever. There

Q5. Collect data on foreign technical and financial collaborations for the last ten years and write a detailed note on the annual trends of these collaborations.

Ans. Approvals for Technical Collaboration Agreements:

The Reserve Bank considers under the Automatic Route, applications from Indian companies for foreign technical collaborations, for lumsome payment of technical know-how fee up to US $ 2 million and/or royalty up to 5% on domestic sales and 8% on exports over a period of 7 years from the date of commencement of commercial production or

Q6. a)Distinguish between basic restructuring and financial restructuring.

Ans. (a) The basic restructuring is a zero sum game. Strategic restructuring reduces financial losses, simultaneously reducing tensions between debt and equity holders to facilitate a prompt resolution of a distressed situation. Corporate

b)Discuss the various organizational measures which promote privatization.

(b) Ownership measures: By the extent of ownership transferred the degree of privatization is judged form the public enterprises to the private sector. Ownership almost transferred to a separate, co-operative or corporate sector. This can have three forms:

(a) Entire Denationalization implies 100% transfer of ownership of a public enterprise to private sector.

(b) Joint venture implies partial transfer of a

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MS-02 Management of Human Resources

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ASSIGNMENT

Course Code  :   MS-02

Course Title :  Management of Human Resources

Note : Attempt all the questions and submit this assignment on or before 30^th April, 2013 to the coordinator of your study center.

Q1. “Borderless world, Diversity Management, and Knowledge power, are some of the overarching factors being encountered by the Human Resource Mangers of 21st century business world”. How do they affect the dynamics of Human Resource Management in today’s organizations? Explain with examples from the organization you are familiar with or have been working for. Briefly describe the organization, you are referring to.

Ans. In Today’s world, on a political map, country borders are clear as ever. But on the competition map, financial, trading, and industrial activities across national boundaries have rendered those political borders increasingly irrelevant.

Not only  firms  that compete

Q2.  “Each employee in an organization performs various roles. Role perception of a manager and an employee make a complex web as they interact”. Elaborate this statement in the light of socialization factors in organizational socialization process. Outline the importance of initial Job socialization on the employee and the organization. Explain with the help of your personal experience and organizational experience with respect to the above concepts. Explain the situation and describe the organization, you are referring to.

Ans. Socialization process in an organization.

The first day in the work place is most memorable one. People remember their first day in any of these events. It is because of the new experience and new expectation. At the same time, we tend to feel anxious, and anxiety rules us over the new expectations and ongoing experience. There is, of course, a lot of uncertainty over the various events and moments to come on the way ahead. We tend to develop stress over a small matter also. We are not sure whom to talk with, what to talk about, what to do and many things revolve in our minds. Moreover, since we do not know people there, we tend to feel isolated and uncared for. All these are very discouraging but we have come across these things many a times which is inevitable most

Q3. Consider Potential Appraisal, Assessment Centers, and Career and Succession planning in an organizational context. Describe the dynamics of these concepts, their interactional outcomes, and impact on overall functioning and management of the organization. Put down your experience with respect to the dynamics of these factors in totality as seen by you in an organizational situation or the situations which you are familiar with. Briefly describe the situation and the organization, you are referring to.

Ans.  Potential Appraisal:

In most Indian organizations, people earn promotions on the basis of their past performance. The past performance is considered a

Q4.  How do you see the role, presence, necessity, and impact of ‘Mentoring and Performance Coaching’ in organizational situations in Indian context in general? Critically describe the experience the organizations have with respect to these concepts, their applicability, effectiveness and prospect. You may like to compare few organizations you have known or familiar with or even you can come out with your own experience in organizational context. Describe the context, and the organization you are referring to.

Ans. Coaching and mentoring are popular capacity-building tools, especially in the area of leadership development. They are often mentioned in

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MS-01 Management Functions and Behaviour

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ASSIGNMENT

Course Code : MS-01

Course Title : Management Functions and Behaviour

Note : Attempt all the questions and submit this assignment on or before 30^th April, 2013 to the coordinator of your study center.

Q1. “Retaining talent, inculcating sense of loyalty for maintaining efficiency in terms of profit generation, managing survival and growth, are some of the most difficult challenges before a professional manager in ever growing competitive business environment”. 

Elaborate this statement; explain underlying concepts with examples from the organization you have worked for or familiar with. Briefly describe the situation and the organization, you are referring to.

Ans.  Most Companies use a variety of combination offers, in their packages.

This is a must for any organization. 

-pay for performance

-incentives

-bonus payments

Q2. Define and describe Mission, Objectives, Goals, and Strategy in organizational context. Briefly explain the strategy formulation process in an organization you have worked for or familiar with. Briefly describe the organization you are referring to.

Ans.

Vision

Members of the organization often have some image in their minds about how the organization should be working, how it should appear when things are going well.

Mission

An organization operates according to an overall purpose, or mission. A mission statement sets out the business vision and values that enables employees, managers, customers and even suppliers to understand the underlying

Q3. What are the determinants of organizational climate and culture? Briefly describe how these affect various functions of the organization. Explain with examples from the organization you have worked for or familiar with. Specifically describe the situations and main features of the organization you are referring to with respect to the concepts referred in this question.

Ans. The Climate of an Organization is the State of its Health:

How your employees feel about their jobs, their supervisors, their peers, top management, and many other factors affects their individual productivity, and collectively the ability of the organization to achieve its objectives.

Q4. What are the factors which influence the structure of an organization and how? Explain with specific example known to you or familiar with.  Briefly describe the situation and the factors which specifically influenced the choice of organization structure. Briefly describe the organization/s, you are referring to.

Ans. Important factor to be considered for designing organization structure of modern organization

Factors Affecting Organizational Design/Structure:

Although many things can affect the choice of an appropriate structure for an organization, the following five factors are the most common: size, life cycle, strategy, environment, and technology. Organizational structure is

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