ISBM BMS EXAM FREQUENTLY ASKING QUESTION AND ANSWERS
FOR FULL ANSWER SHEETS OF ISBM EXAMS CONTACT
DR. PRASANTH BE BBA MBA PH.D. MOBILE / WHATSAPP: +91 9924764558 OR +91 9447965521
EMAIL: prasanththampi1975@gmail.com WEBSITE: www.casestudyandprojectreports.com
Q1. What are the categories of Information in C.V
ANSWER
Categories of information in C V are
Contact Information:
Start at the top of the page leaving a one-inch top margin. Include:
Objective:
ANSWER
Money can never be overlooked as a motivator. Money is often more than monetary value; it can also mean status or power, or other things.
In fact, it is said to be the ultimate motivator. I could agree more on this matter, for the following reasons;
First
money, like money, is likely to be more important to people. Money is an urgent means of achieving a minimum standard of living, although this minimum has a way of getting higher, as people become more affluent.
Second, it is probably quite true that in most kinds of businesses and other enterprises, money is used as a means of keeping an organization adequately staffed and not primarily as a motivator.
Enterprises usually make wages and salaries competitive within their industry and their geographic area to attract and hold people.
Third, money as a motivator tends to be dulled somewhat by the practice of making the salaries of the Various-managers’ in a company reasonably similar,
In other words,.......
Q3. What is the meaning of price
A value that will purchase a finite quantity, weight, or other measure of a good or service.
As the consideration given in exchange for transfer of ownership, price forms the essential basis of commercial transactions. It may be fixed by a contract, left to be determined by an agreed upon formula at a future date, or discovered or negotiated during the course of dealings between the parties involved.
In commerce, price is determined by what (1) a buyer is willing to pay, (2) a seller is willing to accept, and (3) the competition is allowing to be charged. With product, promotion, and place of marketing mix, it is one of the business variables over which organizations can exercise some degree of control......
Q4. Explain the different rules of journalizing the transaction with appropriate illustrations?
ANSWER
In the double entry book-keeping system, all the transactions are recorded in the dual aspects in which one aspect of the transaction is debited from one account whereas the other aspect is credited on another account involving the equal amount. The task of deciding whether the account heads are to be debited or credited is very important. The systematic record of all financial transactions in the journal book is called journal entry. The process of passing the journal entry in the books of the journal is called journalizing. The rules are also known as rules of debit and credit................
Q5. What are the components of MIS?
Components of MIS are:
Q6. Why do you need Letter of Credit ?
ANSWER
A letter of Credit is the Buyer’s Banker’s promise to the Bank of the Seller / Exporter that the bank will honor the Invoice presented by the Exporter on due date and make payment, provided that the Seller/Exporter has complied with all the requirements and conditions set by the Importer in the said letter of credit or the Buyer’s Purchase Order and produced documentary evidence to prove compliance, along with the necessary shipment related documentation.
A Letter of Credit is always sent by the Buyer’s bank to the Seller’s Bank or any bank that is becomes an advising bank. Normally the Seller’s bank becomes an advising bank when a normal LC is received and it delivers or advises the buyer regarding the receipt of LC with no responsibility towards it. In case of a Confirmed LC, the Seller’s bank checks out the authentication of the LC from the Buyer’s bank and confirms to stand responsible for negotiating, collecting payment from the Buyer’s bank and making payment to the seller in line with the terms and conditions stipulated in the LC. By adding confirmation to the LC, the Seller’s bank too becomes equally responsible to make payment for the transaction under the LC.......................................
Q7. Explain Co-branding
ANSWER
Co-branding is the practice of using multiple brand names together on a single product or service. The term can also refer to the display of multiple brand names or corporate logo s on a single Web site, so that people who visit the site see it as a joint enterprise. When effectively done, co-branding provides a way for companies to combine forces so that their marketing efforts work in synergy .............
Q8. Describe total quality management (TQM).
ANSWER
Total Quality Management (TQM) is a comprehensive and structured approach to organizational management that seeks to improve the quality of products and services through ongoing refinements in response to continuous feedback. TQM requirements may be defined separately for a particular organization or may be in adherence to established standards, such as the International Organization for Standardization's ISO 9000 series. TQM can be applied to any type of organization; it originated in the manufacturing sector and has since been adapted for use in almost every type of organization imaginable, including schools, highway maintenance, hotel management, and churches. As a current focus of e-business, TQM is based on quality management from the customer's point of view.
Q9. Describe types of reinforcement in detail.
One of the many ways in which people learn is through operant conditioning. Operant conditioning simply means learning by reinforcement. There are a number of factors involved in reinforcing an individual's behaviors, and by applying reinforcements, we can increase and/or decrease behaviors as well.
There are multiple types of reinforcement that can be used in operant conditioning. The two most common forms are known as positive reinforcement and negative reinforcement. It is important to note that, in this case, the words positive and negative do not mean good or bad. Instead, they mean you are adding (positive) or removing (negative) something in order to strengthen the desired behavior. Negative reinforcement is often confused with punishment; however, they are not the same.............
Q10. what is the trained in human issues in Indian industry?
ANSWER
Since 1990’s the economy has been characterised by intense global competition and rapid technological advance. Due to rapid changes in economy and constant restructuring activities taking place in organisations, this brings forth significant transformation in organisational structure and work practices. Due to these changes, there is a great demand for new job skills, greater level of workforce skills to match the changing organisational structures and job profiles. This level of changes would have a significant implication for training and development of the work force. Organisations must make a continuous effort to upgrade the size and skill competition of the work force. This is where the training and development aspect plays an important role................
FOR FULL ANSWER SHEETS OF ISBM EXAMS CONTACT
DR. PRASANTH BE BBA MBA PH.D. MOBILE / WHATSAPP: +91 9924764558 OR +91 9447965521
EMAIL: prasanththampi1975@gmail.com WEBSITE: www.casestudyandprojectreports.com
Q1. What are the categories of Information in C.V
ANSWER
Categories of information in C V are
Contact Information:
Start at the top of the page leaving a one-inch top margin. Include:
- Full name;
- Complete address (both permanent and present if different);
- Home phone number with area code, cell phone, if applicable, and work number only if appropriate to contact you there; and
- Email address.
Objective:
- Gives your resume focus; tailor it to the position you are applying for.
- Usually a single phrase expressing the specific type of employment you are seeking and/or the specific skills or abilities you want to use on the job.
- List in reverse chronological order with the highest degree or education first.
- Include university/college/school name and location, degree, date of graduation (or expected graduation), major, related coursework and possibly G.P.A.
- May also include honors, awards, scholarships, dissertation and thesis topics.
- List licenses earned or training certificates received.
- Start with your most recent employment and work backward.
- Includes full-time, part-time, seasonal, internships, co-op, or volunteer work.
- Provide names and location of employers, dates of employment (month/year to month/year).
- Describe your duties, responsibilities, and accomplishments using short, powerful phrases beginning with action verbs. Quantify and qualify data with specific details and statistics whenever possible...........
ANSWER
Money can never be overlooked as a motivator. Money is often more than monetary value; it can also mean status or power, or other things.
In fact, it is said to be the ultimate motivator. I could agree more on this matter, for the following reasons;
First
money, like money, is likely to be more important to people. Money is an urgent means of achieving a minimum standard of living, although this minimum has a way of getting higher, as people become more affluent.
Second, it is probably quite true that in most kinds of businesses and other enterprises, money is used as a means of keeping an organization adequately staffed and not primarily as a motivator.
Enterprises usually make wages and salaries competitive within their industry and their geographic area to attract and hold people.
Third, money as a motivator tends to be dulled somewhat by the practice of making the salaries of the Various-managers’ in a company reasonably similar,
In other words,.......
Q3. What is the meaning of price
A value that will purchase a finite quantity, weight, or other measure of a good or service.
As the consideration given in exchange for transfer of ownership, price forms the essential basis of commercial transactions. It may be fixed by a contract, left to be determined by an agreed upon formula at a future date, or discovered or negotiated during the course of dealings between the parties involved.
In commerce, price is determined by what (1) a buyer is willing to pay, (2) a seller is willing to accept, and (3) the competition is allowing to be charged. With product, promotion, and place of marketing mix, it is one of the business variables over which organizations can exercise some degree of control......
Q4. Explain the different rules of journalizing the transaction with appropriate illustrations?
ANSWER
In the double entry book-keeping system, all the transactions are recorded in the dual aspects in which one aspect of the transaction is debited from one account whereas the other aspect is credited on another account involving the equal amount. The task of deciding whether the account heads are to be debited or credited is very important. The systematic record of all financial transactions in the journal book is called journal entry. The process of passing the journal entry in the books of the journal is called journalizing. The rules are also known as rules of debit and credit................
Q5. What are the components of MIS?
Components of MIS are:
- Internal records: The first component of MIS is ‘Internal Record’. Marketing managers get lots of information from the internal-records of the company. These records provide current information about sales, costs, inventories, cash flows and account receivable and payable. Many companies maintain their computerized internal records. Inside records help marketing managers to gain faster access to reliable information.
- Marketing intelligence:
- The second component of MIS is ‘Marketing Intelligence’. It collects information from external sources. It provides information about current marketing-environment and changing conditions in the market. This information can be easily gathered from external sources like; magazines, trade journals, commercial press, so on. This information cannot be collected from the Annual Reports of the Trade Association and Chambers of Commerce, Annual Report of Companies, etc. The salesmen’s report also contains information about market trends.
- The information which is collected from the external sources cannot be used directly. It must be first evaluated and arranged in a proper order. It can be then used by the marketing manager for taking decisions and making policies about marketing.
- So, marketing intelligence is an important component of MIS................CONTINUE
Q6. Why do you need Letter of Credit ?
ANSWER
A letter of Credit is the Buyer’s Banker’s promise to the Bank of the Seller / Exporter that the bank will honor the Invoice presented by the Exporter on due date and make payment, provided that the Seller/Exporter has complied with all the requirements and conditions set by the Importer in the said letter of credit or the Buyer’s Purchase Order and produced documentary evidence to prove compliance, along with the necessary shipment related documentation.
A Letter of Credit is always sent by the Buyer’s bank to the Seller’s Bank or any bank that is becomes an advising bank. Normally the Seller’s bank becomes an advising bank when a normal LC is received and it delivers or advises the buyer regarding the receipt of LC with no responsibility towards it. In case of a Confirmed LC, the Seller’s bank checks out the authentication of the LC from the Buyer’s bank and confirms to stand responsible for negotiating, collecting payment from the Buyer’s bank and making payment to the seller in line with the terms and conditions stipulated in the LC. By adding confirmation to the LC, the Seller’s bank too becomes equally responsible to make payment for the transaction under the LC.......................................
Q7. Explain Co-branding
ANSWER
Co-branding is the practice of using multiple brand names together on a single product or service. The term can also refer to the display of multiple brand names or corporate logo s on a single Web site, so that people who visit the site see it as a joint enterprise. When effectively done, co-branding provides a way for companies to combine forces so that their marketing efforts work in synergy .............
Q8. Describe total quality management (TQM).
ANSWER
Total Quality Management (TQM) is a comprehensive and structured approach to organizational management that seeks to improve the quality of products and services through ongoing refinements in response to continuous feedback. TQM requirements may be defined separately for a particular organization or may be in adherence to established standards, such as the International Organization for Standardization's ISO 9000 series. TQM can be applied to any type of organization; it originated in the manufacturing sector and has since been adapted for use in almost every type of organization imaginable, including schools, highway maintenance, hotel management, and churches. As a current focus of e-business, TQM is based on quality management from the customer's point of view.
Q9. Describe types of reinforcement in detail.
One of the many ways in which people learn is through operant conditioning. Operant conditioning simply means learning by reinforcement. There are a number of factors involved in reinforcing an individual's behaviors, and by applying reinforcements, we can increase and/or decrease behaviors as well.
There are multiple types of reinforcement that can be used in operant conditioning. The two most common forms are known as positive reinforcement and negative reinforcement. It is important to note that, in this case, the words positive and negative do not mean good or bad. Instead, they mean you are adding (positive) or removing (negative) something in order to strengthen the desired behavior. Negative reinforcement is often confused with punishment; however, they are not the same.............
Q10. what is the trained in human issues in Indian industry?
ANSWER
Since 1990’s the economy has been characterised by intense global competition and rapid technological advance. Due to rapid changes in economy and constant restructuring activities taking place in organisations, this brings forth significant transformation in organisational structure and work practices. Due to these changes, there is a great demand for new job skills, greater level of workforce skills to match the changing organisational structures and job profiles. This level of changes would have a significant implication for training and development of the work force. Organisations must make a continuous effort to upgrade the size and skill competition of the work force. This is where the training and development aspect plays an important role................
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