1. Opportunity costs are the ‘costs of sacrificed alternatives.’ Discuss with the help of examples. 2. How are income effect and substitution effect important in explaining the negative slope of demand functions? Explain giving examples from real world. 3. When there are 2 inputs K, L, given the price of capital (PK)= 10 and price of labour (PL)=20. Total Expenditure C=100. Draw and explain the effect on the isocost curve in case of the following: - (i) decrease in price of labour (PL)=10 (ii) increase in the price of capital (PK)= 20 (iii) decrease in the price of capital (PK)= … [Read more...]

1. The net incomes of a sample of large importers of antiques were organized into the following table: Net Income ($ millions) Number of Importers 2 up to 6  1 6 up to 10 4 10 up to 14 10 14 up to 18 3 18 up to 22 2 (a) What is the table called? (b) Based on the distribution, what is the estimate of the arithmetic mean net income? (c) Based on the distribution, what is the estimate of the standard deviation? 2. The employees of Cartwright Manufacturing are awarded efficiency ratings based on such factors as monthly output, attitude, and … [Read more...]

1. What is open source software? Where can one find Open Source software? Isn't it hard to get reliable support for open-source software? Explain the differences between commercial software, shareware, open source software, freeware, and public domain software. 2. What is change in the focus of operations management? Is this change in the focus is due to the increase of competitiveness in Business? Elaborate. Also illustrate, the capabilities expected of information systems in context of Operations Management. 3. Discuss the important features of Java. Describe the Java development tools … [Read more...]

1. (a) Define Marketing and discuss its scope as an exchange process between the firm and its customers. Illustrate with two suitable examples of your choice. (b) Scan various secondary data sources available to you and collect relevant data historically to discuss the importance of Marketing in an emerging economy like India. 2. (a) Explain the term Market Planning. Discuss the elements of Marketing Mix and their role in formulating suitable strategy in the following situations. (i) Chain of Computer training centers (ii) Premium Unisex Talcum powder. (b) Define Market Segmentation … [Read more...]

1. “Product development and design is basically a research and development activity”. Elaborate the statement with suitable examples. 2. What is work sampling? Why is it called a fact-finding tool? Describe some uses of work sampling. 3. Practical job shops are much more complicated and may have hundreds o f matching centres and thousands of jobs. Comment! Why do we resort to priority dispatching rules for sequencing jobs at each machine centre? Describe these rules. 4. How can FAST diagram act as a Value Engineering tool. Explain the basic methodology of FAST diagrams with the help … [Read more...]

1. “ Accountancy is an Information System” do you agree? Substantiate your answer with reasons. How does an Accountant help in planning and controlling a large commercial organisation? Explain. 2. Prepare Cash Budget for April-Oct. 2017 from the information relating to Shah Agencies, a trading concern:- Balance Sheet as on 31  March, 2017 Liabilities Rs Assets   Rs Proprietors Capital 1,00,000 Cash   20,500 Outstanding Liabilities 17,000 Stock   50,500     Sundry … [Read more...]

1. a) Explain the reasons why a business manager be concerned with business environment? b) Discuss how non-economic environment affects business decisions giving examples. 2. What are the major factors of widespread sickness among the SSI units? How can sickness be identified? Suggest measures to enhance economic viability of the segment. 3. Examine the progress of Indian economy towards globalization in the post reform years. Comment on the slow pace of progress of globalization and identify the major reasons. 4. a) What are the major problems of fiscal policy? Describe. a) Is the … [Read more...]

1. What are the primary objectives, focus, and purpose of Selection Tests and Interview in the whole process of Hiring in organisational set up? Critically examine their usefulness and importance in the short term and long term functioning and culture of the organisation. Draw from the experiences you are familiar with. Describe the organisation and the situation you are referring to. 2. What are the major „problems/errors‟ which came in the way of „Effective Performance Appraisal Systems‟ of any organization? Describe and explain with the help of your organizational experiences or the … [Read more...]

1. Why are managers required to have / acquire different skills sets at various levels of their career? Explain the concept and its significance with suitable examples from the organisation you have served in, or you are familiar with. Ans : ....It needs knowledge and experience....from the bottom to the middle...pyramid. Productive companies will always invest a lot of money in developing...managers. These skills are the final type of skills a manager must possess inside their toolbox...but still important for middle and low-level managers as well. This can happen in the short run, … [Read more...]