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MBA Semester I Fall 2017Q1. Explain the Definition and Importance of 'management'.
Answer: Management is all about making things smooth and efficient. It is also about achieving our goals which in modern management literature we call 'effectiveness'...
Q1. Define communication. What are the characteristics of communication?
Answer: Communication in simple terms is a transfer of information between people, resulting in common understanding between them...
Answer: One Way Classification: Classification done according to a single attribute or variable is known as one way classification...
Q1. Following information obtained from a manufacturing company:
Stock of Raw Material 75000 80000
Stock of Finished Goods 120000 140000
Stock of Work-in-progress 20000 26000
Indirect Labour - 65,000, Lubricants – 15,000, Insurance on Plant – 5,000, Purchase of Raw Materials – 3,00,000, Sales Commission - 75,000, Salaries to salesman – 1,00,000, Administrative Expenses – 1,50,000, Carriage Outward 20,000, Power – 20,000, Direct Labour - 2,00,000, Depreciation on machinery – 40,000, Factory Rent – 50,000, Property Tax on Factory Building – 14,000, Sales - 10,11,000
Prepare a statement of Cost and Profit showing:
(a) Cost of Raw Materials Consumed (b) Prime Cost (c) Total Manufacturing Cost or Factory Cost or Works Cost (d) Cost of Goods available for Sale (e)Profit
Answer: Cost Sheet
Direct Materials 1,50,000
Direct Expenses* 3,00,000
Prime Cost 4,50,000
Q1. Define Demand Forecasting. Elucidate the determinants of supply.
Answer: Demand forecasting seeks to investigate and measure the forces that determine sales for existing and new products...
Q1. Discuss – HR forecasting techniques with example.
Answer: Human resource management involves blending the traditional administrative functions along with the changing concepts of employee welfare in the organisation...