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MBA Semester I Spring 2015Q1. Explain the concept of Management. Discuss the importance of Management.
Answer: Management is an art of getting things done through and with people in formally organised groups. It is an art of creating an environment in which people can perform as individuals and can cooperate towards the attainment of group goals...
Q1. As a speaker you are addressing a group of people. What could be the possible barriers in this communication?
Answer: Communication fails when the message received is not identical to the message that is sent. Several factors could interfere with the exchange of messages....
Q1. Distinguish between Classification and Tabulation. Explain the structure and components of a Table with an example.
Answer: Classification is the basis for tabulation Tabulation is the basis for further analysis...
Q1. Analyze the following transaction under traditional approach
18.1.2011 Received a cheque from a customer, Sanjay at 5 p.m. Rs.20,000
19.1.2011 Paid Ramu by cheque Rs.1,50,000
20.1.2011 Paid salary Rs. 30,000
20.1.2011 Paid rent by cheque Rs. 8,000
21.1.2011 Goods withdrawn for personal use Rs. 5,000
25.1.2011 Paid an advance to suppliers of goods Rs. 1,00,000
26.1.2011 Received an advance from customers Rs. 3,00,000
31.1.2011 Paid interest on loan Rs. 5,000
31.1.2011 Paid instalment of loan Rs. 25,000
31.1.2011 Interest allowed by bank Rs. 8,000
Answer: Cash a/c Sanjay a/c Real Personal Cash (cheque) is coming in Sanjay is the giver Debit Credit ...
Q1. What is production function and its uses? Explain the two types of production functions.
Answer: Two types of production functions 7 The entire theory of production centres revolves around the concept of production function. A “production function” expresses the technological or engineering relationship between physical quantity of inputs employed and physical quantity of outputs obtained by a firm...
Q1. Explain the functions of Human Resource Management.
Answer: Human resource management involves blending the traditional administrative functions along with the changing concepts of employee welfare in the organisation....