1. Define the concept of strategy. Explain the Boston Consulting Group (BCG) model, General Electric (GE) planning model and highlight their usefulness in formulating business unit level strategies. 2. Distinguish between the following : (a) Strategic planning and control and Management control. (b) Operational control and Management Control. (c) Historical Cost and Replacement Cost. (d) Cost Centre and Revenue Centre. 3. What is Arm's Length Principle ? Explain the traditional transaction methods used for determination of transfer price. 4. What is a Profit Centre ? What are the … [Read more...]

1. What is a system software ? Is operating system a system software ? Elaborate. Describe the functions of an operating system. 2. Discuss the Anthony's framework for design of MIS. Highlight the differences in the information required for planning and control activities in different functional areas. Do you think that in order to design a MIS successfully some framework is really needed ? Elaborate. 3. What are the technology related challenges that are invisible to an organization ? Highlight the pit falls. How integrated software applications can help in this ? Discuss. 4. Explain … [Read more...]

1. (a) Explain with the help of suitable diagram the framework of planning, organising and control in a production system. (b) What are the major distinctions between a manufacturing organization and a service organization ? Discuss with suitable examples. 2. (a) Which factors are most important in determining the location of a garment plant ? Briefly explain the reasons for your answer. (b) What types of layout would you suggest in designing a big hospital ? Discuss. 3. (a) Define the concept of Standard Tirne. Explain dearly the steps involved in arriving at the standard time of … [Read more...]