1. A firm has many objectives. Discuss how these objectives are different from the traditional objective of profit maximization. 2. Illustrate the relationship between the firm’s total revenue curve and demand curve. 3. Briefly discuss Production Isoquants and Marginal Rate of Technical Substitution (MRTS). Explain how is MRTS calculated? 4. Differentiate between equilibrium of profit maximizing output of a perfectly competitive firm in short run and long run. 5. Explain what is Price Discrimination? Differentiate between First degree and Second Degree Price Discrimination. 6. … [Read more...]

1. Solve the following system of equations 3x-2y+3z=8 2x+y-z=1 4x-3y+2z=4 2. A distribution is negatively skewed with the coefficient of skewness as -2.9. The value of mean and mode are 125 and 138, respectively. Find the variance of the distribution. 3. A doctor is to visit a patient. From the past experience, it is known that the probabilities that he will come by train, bus, scooter or by other means of transport are respectively 3/10, 1/5, 1/10 and 2/5. The probabilities that he will be late are ¼, 1/3 and 1/12, if he comes by train, bus and scooter respectively, but if he comes … [Read more...]

1. Discuss the concept of information system. Also, explain the various types of information systems. 2. Explain the following statement, “there is a two way relationship between organization and information systems.” 3. “Development of an information system requires adequate planning.” Describe a strategic planning process for system development. 4. “Information systems can fill a special role in corporate quality programs.” Explain how information systems contribute to Total Quality management? 5. Why is metadata an important component of a data warehouse? What is a metadata … [Read more...]

1. (a) Define Marketing. What would be the possible objectives of marketing in a large sized manufacturing and marketing firm. Elaborate the exchange process between the firm and its customer. (b) Explain the elements of Marketing Mix by taking an example each from a fast moving consumer product and a consumer durable of your choice. Discuss the growing importance of packaging in the above two examples. 2. (a) Distinguish Social Marketing with Business Marketing in terms of their core objectives, approaches and the applicability of the 4PS. (b) Explain the concept of Product Life Cycle … [Read more...]

1. “Operational level decisions deal with short-term planning and control problems.” Explain the various Operational (short-term) decisions in the light of the statement. 2. “The continuous form of processing requires a great deal of effort while designing.” Explain the characteristics and advantages of the continuous flow processes. 3. “Work sampling is a fact-finding tool.” Comment on the statement. Explain some uses of work sampling and work sampling procedure. 4. Under what circumstances would you use PERT as opposed to CPM in project management? Give some example of projects … [Read more...]

1. Discuss the macro environmental variables concerning business. Explain how socio- cultural environment affects business decisions giving examples. 2. What are the various dimensions of the structure of Indian Industry? Describe the industrial structure on the basis of ownership pattern. 3. Briefly discuss major trends in India’s foreign trade in the post-reform period with the support of data. 4. Write a note on the changing role of government in recent past with suitable examples. 5. Analyse the impact of economic reforms on the growth rate of GDP and employment and identify … [Read more...]

Q1. Define Environmental and Political Perspective of Human Resource Management and why it is more important in changing social environment. Q2. Why Outsourcing recruitment process is beneficial over in-house recruitment process? How does Job analysis influence the recruitment process of an organization? Q3. How HR audit realizes the objectives of HR department of an organization? How HR audit helps in performance planning and review? Q4. Explain why learning organization is finding place over training and development in organization these days? How mentoring and coaching can affect … [Read more...]

1. “Every individual’s behavior is initiated because of some needs, drives, and desires and is directed towards achievement of goals. These needs and drives motivate a man to action. The manager’s attempt should be to influence these needs, desires or motives towards the achievement of organizational objectives.” Elaborate this statement and discuss the underlying concept with suitable examples from your own experience or the ones you are aware of. Please identify the context, you are referring to. 2. Identify some of the factors that contribute to the uniqueness of each organization. … [Read more...]