Monday 27 January 2020

ISBM DOCTORATE IN MANAGEMENT COURSE - DMS COURSE - EXAM ANSWER SHEETS

ISBM DOCTORATE IN MANAGEMENT COURSE - DMS COURSE- EXAM ANSWER SHEETS 

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Business Administration
Answer the following question.
Q1. Give advantages of soletradership (10
marks)
ANSWER
A sole tradership is a business owned one person, who has full control of the business and how it is run. They also own all the assets of the business and any profit that it makes. In the same vein, they are also responsible for all the debts and liabilities the business accrues. A sole trader is expected to register as self employed with HM Revenue & Customs and will be required to submit an annual self assessment, but generally speaking their accounting requirements are less onerous than those of a limited company.

Q2. Discuss forecast as planning premises (10
marks)
Q3. Discuss pricing of the product (10
marks)
Q4. State and explain managerial responsibility (10
marks)
Q5. Discuss written and unwritten policies (10
marks)
Q6. Give the benefits of admitting a partner (10
marks)
Q7. Explain origin of business policies (10
marks)
Q8. Give departments of commercial office (10
marks)
 Business Environment
Answer the following question.
Q1. Discuss Seattle Ministerial conference. (10
marks)
ANSWER
The third WTO Ministerial Conference was held last year from November 30 to December 3 in Seattle, United States. The focus of the Conference was to be a decision on launching of the so-called “New Rounds,” which would be the next round of negotiations to follow the Uruguay Round, and corresponding decision on the scope and modalities of the new round. Article IV:1 of the Marrakesh Agreement Establishing the World Trade Organization (hereinafter, “WTO Agreement”) stipulates that “there shall be a Ministerial Conference composed of representatives of all the Members, which shall meet at least once every two years.” The first Ministerial Conference was held in Singapore in December 1996; the second, in Geneva
Q2. What are the benefits of deemed exports? (10
marks)
Q3. What are the shortcomings of electricity sector? (10
marks)
Q4. Give reasons for slow growth under the plan . (10
marks)
Q5. What is licensing? (10
marks)
Q6. Discuss patents. (10
marks)
Q7. Discuss the Third plan (1961-66) (10
marks)
Q8. What are Category I Basins. (10
marks)
 Business Management
Answer the following question.
Q1. What is economic equality? Explain (10
marks)
ANSWER
Inequalities in intelligence and even opportunity will last till the end of time. A man living on the banks of a river has any day more opportunity of growing crops than one living in an arid desert. But if inequalities stare us in the face, the essential equality too is not to be missed.
Economic equality of my conception does not mean that everyone will literally have the same amount. It simply means that everybody should have enough for his or her needs. ...The real meaning of economic equality is "To each according to his need." That is the definition of Marx. If a single man demands as much as a man with wife and four children, that will be a violation of economic equality.

Q2. Explain Liason Men and coordination (10
marks)
Q3. Discuss coordination and cooperation (10
marks)
Q4. Discuss test of partnership (10
marks)
Q5. what are the characteristics of a partnership firm (10
marks)
Q6. Write a note on methods (10
marks)
Q7. Write a note on organizing (10
marks)
Q8. Discuss Management thought (10
marks)

 Business Planning and Policy
Answer the following question.
Q1. What are the types of social audit? (10
marks)
ANSWER
Financial Statements Format Social Audit
 In this type, financial statements show conventional financial information plus information regarding social activities. About associates a management consultancy firm proposed that the balance sheet should show a list of social assets on one side and social commitments, liabilities and equity on other side
Q2. What are the types of mergers? (10
marks)
Q3. What are the types of joint ventures? (10
marks)
Q4. Analyse the BCG matrix. (10
marks)
Q5. Explain ANSOFF’s Product grid. (10
marks)
Q6. Analyse industry life cycle (10
marks)
Q7. Explain strategic management model with the help of diagram (10
marks)
Q8. What is the difference between strategic management and operational management? (10
marks)
 Corporate Law
Answer the following question.
Q1. What are the functions of Controller (10
marks)
ANSWER
ANSWER
A financial controller -- sometimes called a "comptroller -- is the lead accounting executive in a company. A controller’s duties can vary depending upon the size of the company, the complexity of accounting and financial operations and the number of people employed in the accounting department. The controller provides financial leadership and is instrumental in forming accounting strategies. A controller's role, especially in smaller companies, can include broad visionary responsibilities as well as hands-on management.

Q2. What are the rights of agent (10
marks)
Q3. What are the kinds of bailments? (10
marks)
Q4. Explain gifting of Corporate veil (10
marks)
Q5. What are powers of the authorized person (10
marks)
Q6. What is FERA? (10
marks)
Q7. Discuss complaint (10
marks)
Q8. Explain concept of possession (10
marks)
Financial Management
Answer the following question.
Q1. What are the three major sections of the statement of cash flows? (10
marks)
ANSWER
The cash flow statement is one of the primary financial statements used in business operations, including small businesses. Creating a cash flow statement illustrates the amount of cash the business generated during the reporting period. The cash flow statement also details the cash used during the period, helping
Q2. How are financial trades made in an over the counter market? Discuss the role of a dealer in the OTC
market
(10
marks)
Q3. To avoid the problem of shortage and surplus of funds, what is required in Financial management?
Name the concept and explain four points of importance.
(10
marks)
Q4. When is financial leverage considered favorable? (10
marks)
Q5. State the difference between gross working capital and net working capital. (10
marks)
Q6. State the primary objective of Financial management (10
marks)
Q7. What are efficient portfolios? (10
marks)
Q8. What are Strike Price and Option Price? (10
marks)
Human Resource Management
Answer the following question.
Q1. Discus the role of advertisement in recruitment? (10
marks)
Q2. Define fringe benefits and state its importance? (10
marks)
Q3. State the importance of HRIS? (10
marks)
Q4. Who should conduct job analysis? (10
marks)
Q5. what are the main objectives of Collective Bargaining? (10
marks)
Q6. What do you understand by Career Development Program? (10
marks)
Q7. Discus 360 degree method of performance evaluation? (10
marks)
Q8. What is Performance Evaluation? (10
marks)
 International Business
Answer the following question.
Q1. What do you mean by UNCITRAL ? (10
marks)
Q2. What is impact of FDI in India ? (10
marks)
Q3. What is Balance of Payment ? (10
marks)
Q4. How do you define international business ? (10
marks)
Q5. What are the different forces of globalisation ? (10
marks)
Q6. Explain international economic law. (10
marks)
Q7. Write a detailed note on foreign direct investment. (10
marks)
Q8. How the rupee value is determined in foreign exchange market? (10
marks)
 Marketing Management
Answer the following question.
Q1. Explain e-marketing. (10
marks)
Q2. Explain PR. (10
marks)
Q3. Explain On-Line marketing. (10
marks)
Q4. What are new trends in Packaging? (10
marks)
Q5. Explain Significance of Branding. (10
marks)
Q6. Discuss the role & importance of physical distribution in the consumer products marketing. (10
marks)
Q7. Give the steps in launching a new product. Also give various methods of test marketing a new Product. (10
marks)
Q8.
MK Industries Ltd. Intends to launch a two seater tiny motor car in Indian market. As a marketing
manager which steps would You like to take to lunch this novel product? Make necessary assumptions
and justify your answer.
(10
marks)

 Quantitative Techniques
Case Studies
Case (20
Marks)
Since 9/11•terrorism has cased threat attacks which have drawn the attention of political and media world. The US h
to launch. a 'war on terror' and applied a range of counteract terrorism safety measures towards aviation, pub
transportation, ports, borders, public Hermie places, etc. While these steps may show cheap course of act!on
government and security services, it is quite expensive. According to the calculations done by Mueller and Stewa
(2011), the expenditure of US homeland and security has gone over 1.1 trillion dollars, which includes federal, state a
domestic government, and private sector, and also the cost of opportunity. The Iraq an Afghanistan wars have added 1
trillion dollars to this expenditure. The expenditure of federal, state and local US government on home ground secur
has been estimated to 75 billion dollars more than the last levels of 2001. It is seen that US is not the only country to
in these high level of expenses, even though no other country can match its per capita or GDP expenditure. F
example, increased expenditure• on homeland security in UK, Canada and Australia is nearly one half to one quarter
US expenditure per capita or GDP. Nevertheless, in 2009, the government spent nearly 141.6 billion dollars each ye
on homeland security. This figure is expected to reach about 300 billion dollars by 2016. After 9/11, the main objecti
has been to prevent or alleviate any harm or casualty as a result of terrorism. The main issue is, if this expenditure
counteracting terrorism been invest.ed in a way that has increased the cost of security of the public efficiently or no
Hence, the commission report of 9/11, among other issues, was called upon • the US government to execute safe
measures which show evaluation of risks and effectiveness of expenditure. Nevertheless, while the US needs t
evaluate expenditure benefits for government regulations, such evaluation seems co have not been done for homela
security in general, or for the DHS (department of homeland security). One of the causes could be that DHS is not ab
to take up such evaluation. The NRC (national research council) committee of the National Academics of Science
Engineering and Medicine, made a request through S Congress to evaluate the functions of DHS, which was working
the project for almost 2 years, came up with some surprising result-. Besides e'•aluation of natural disasters, t
committee 'did not find any DHS risk analysis capabilities and methods that are yet adequate for supporting DH
decision making.' Due to which, very less confidence could be had in most of the risk evaluation done by DHS. T
committee said that "it is not yet clear that DHS is on a I ! trajectory for development of methods and capability that
sufficient to ensure reliable risk analyses". usually the government and their rigid agencies shoo a neutral behav
towards their decision making. Stewart says that "the standard criterion for deciding whether a government; programm
can be justified on economic principles is net present value - the discounted monetized value of expected net benef
(i.e., benefits minus costs)" and that "expected values (an unbiased estimate) is the appropriate estimate for use" (UM
1992).
Answer the following question.
Q1.
What are the reasons that show that DHS is incapable in evaluating the risks of national security?
(Hint: while the US needs to evaluate expenditure benefits for government regulations, such evaluation
seem to have not been done for homeland security in general, DHS is not able to take up such
evaluation.)
Q2. The government spent nearly 141.6 billion dollars each year on (Hint: homeland security)
CASE STUDY
(20
Marks)
The bulbs manufactured by a company gave a mean life of 3000 hours with standard deviation of 400 hours. If a bulb
selected at random, what is the probability it will have a mean life less than 2000 hours?
Answer the following question.
Q1. Calculate the probability.
Q2. In what situation does one need probability theory?
Q3. Define the concept of sample space, sample points and events in context of probability theory.
Q4. What is the difference between objective and subjective probability?
A monte Carlo Case Study (20
Marks)
Laura,' a 57 year old unmarried woman, earns around 68,000 dollars per year with expenditure of 37,500 dollars. She
away 14,000 dollars each year and collected 330,000 dollars in her RRSP and TFSA, and also a rented apartment wor
250,000 dollars. She has a iixed pension given by her employer, although it is not indicated to price rise, and Is entitl
to get complete benefits of Canada Pension Plan and Old Age Security, for retirement. She did not have a ve
competent portfolio: one fourth of cash is there, and most of it was in contracted sector ETFs, single stocks a
business bonds. Due to wrong entry of ETFs in the account, unnecessary taxes were charged. Even befo
reconstructing Laura's portfolio,"he had to make certain that it matched with.her financial aims. Laura's main aim was
ascertain if she could retire before the age of 65, maybe as early as 60, therefore she had to know if her investmen
could produce enough flow of cash after she retires. Monte Carlo may show a top possibility of success with t
allotment of equity of 70% ot 80%. Through a risky questionnaire and art open interview, Justin Ill 'ascertain that Lau
was the best person for a portfolio of 60% fixed income and 40% equities. Through Monte Carlo software, Justin enter
the current portfolio . size of Laura, her rate of savings, projected retirement expenditure, and other employer incom
and government pensions. If Laura feels that working till the age of 63 was unpleasant, she could go for the reproducti
again and with different estimation. Increasing her anticipated returns or bringing down the rate of inflation, is only
thought, therefore, she will have to make some stronger decisions: she will have to making some more savings, or bri
down her rate of planned expenses after retirement. Amazingly, by bringing up the allotment to fixed salary cou
increase her opportunity to succeed: in spite of th returns being lower than the equities, the volatility is also less, whi
lessens the risk of helpless decline in the early years. At last, Laura decided to work for 6 more years and plan h
retirement at the age of 63. After this, Justin decided to help her make a fresh ETF portfolio to match that goal: it w
finalized at 30% short term business bonds, 30% GICs, and the rest of it was divided among Canadian, L'S and glob
equities. Laura was able to make a notified decision through the Monte Carlo simulation, but this wasn't the end of t
procedure. In two or three years time, she will have to visit the location again to see that she is still on the right path
her retirement goal, as many issues like, loss of job, a legacy, new connections, increase in the interest rates, all the
could bring a change in the main suppositions and she will have to redo her plans. The possibilities are different befo
the age of 63. For each added year that Laura works, her portfolio will addition instead of a decrease and this will lead
a thrilling difference: the success rate will rise up by 25% points if she continues to work till the age of 61 instead of 60.
Answer the following question.
Q1. How much was Laura earning at the age of 57? (Hint: 68,000 dollars per year)
CASE STUDY (20
Marks)
The price P per unit at which a company can sell all that it produces is given by the function P(x) = 300 — 4x. The co
function is c(x) = 500 + 28x where x is the number of units produced. Find x so that the profit is maximum.
Answer the following question.
Q1. Find the value of x.
Q2. In using regression analysis for making predictions what are the assumptions involved.
Q3. What is a simple linear regression model?
Q4. What is a scatter diagram method?
Research Methodology
Answer the following question.
Q1. What is validity of a tool ? Describe different types of validity . (10
marks)
Q2. Discuss 'Case Study' method in Qualitative Methodology. (10
marks)
Q3. Discuss the theories of Truth and their relevance to Quantitative and Qualitative Research. (10
marks)
Q4. Distinguish between 'Descriptive Statistics' and 'Inferential Statistics'. (10
marks)
Q5. What is a Projective Test? What is the advantage of this test over the other forms of tests? (10
marks)
Q6. Discuss the concept of hypothesis, in the light of 'Falsifiability Criterion' of Karl Popper. (10
marks)
Q7. Compare 'verification principle' of Logical Positivism with 'Falsifiability' of Karl Popper and their
relevance in Research Method.
(10
marks)
Q8.
A tour operator charges rs. 136 per passenger for 100 passengers with a discount of rs. 4 for each 10
passengers in excess of 100. Determine the number of passengers that will maximize the amount of
money the tour operator services.
(10
marks)

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