AISSMS IOM QUESTION BANK 2011-13

(101) Organizational Behaviour and Principles and Practices of Management Q1. Define OB. Explain the concepts and all the models of OB Q2. Explain the importance and scope of OB Q3. Explain the meaning of Personality. Elaborate the determinants of personality. Explain how personality can be developed Q4. Explain the theory of Transactional Analysis. Discuss ego states as its links. Q5. Define Motivation. Elaborate A.H.Maslows hierarchy theory of motivation. Q6. Explain primary and secondary motives. Elaborate all the theories of Motivation. Q7. Discuss merits and demerits of formal and informal group formation in industrial organization functioning at national level. Q8. Discuss theory of Group dynamics and team building Q9. Explain the process of conflict Management. Write a note on Constructive conflict. Q10. Distinguish clearly between Interpersonal and Intrapersonal conflicts. Quote an example. How does it deteriorate teamwork in the organization? Q10. Define Stress. Discuss ill effect of Stress on Humans. What steps as a manager would you take to enable your colleagues to cope with stress? Q11. Why do employees resist change? How can resistance be overcome? Illustrate your answer with suitable example. Q12. Elaborate the evolution of management thoughts and relevance in todays scenario Q13. State how system approach and contingency approach have played the role of integrating various fragmented approaches of management. Q14. Elaborate the contributions put forth by F.W. Taylor, Henry Fayol and Elton Mayo towards the evolution of management thoughts. Q15. Define Planning. Explain the nature, importance and scope of Planning with respect to modern management. Q16. Explain the types of Plans. Explain the step involved in Planning and state the limitations in implementation of planning. Q17. Elaborate the various forms of Organization. Explain fully the following functions of organizing. a. Line and Staff authority b. Centralization and Decentralization. Q18. Explain importance of controlling. Elaborate techniques of controlling. Q19. Which leadership style is suitable to HR manager of IT industry in the present era? Give justification.
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AISSMS IOM QUESTION BANK 2011-13

Q20. Define Decision making. Explain its importance and process. Q21. Write Short Notes on: a. MBO b. Formation of Team c. Dimensions of Attitude d. Trait Theory of leadership e. Learning organizations f. Work Life Balance g. Constructive Conflict h. Leadership Styles i. Process of Controlling

AISSMS IOM QUESTION BANK 2011-13

(102) Management Accounting

Q.1 Identify the typical users of financial reports & accounting information. Q.2 The emphasis of financial accounting is different from that of cost accounting. Comment Q.3 Differentiate between management accounting & financial accounting Q.4 Why journal is called as Book of Original entry? Explain rules for recording the real, personal & nominal account in journal.

Q.5 State & explain the role of cost accountant in managerial decision making. Give suitable examples Q.6 What are the accounting concepts & conventions? Name them & explain any two accounting concepts in detail. Q.7. What is trial balance? What are the objects of preparing the same? Q.8 What do you understand by the term budget, types of budget & budgetary control? What are the advantages vs. budgetary controls? Q.9 Write short notes: 1. Ledger 2. Dual aspect concept 3. Subsidiary books 4. Cash discount 5. Trade discount 6. Overheads 7. Break even analysis 8. Flexible budget sheet 9. FIFO 10. Cost sheet Q.10 What is the marginal costing? Explain- PV ratio, Margin of safety, Breakeven point Q.11 Cost may be classified in variety of ways according to their nature & information needs of management. Explain & discuss the statement giving examples of classification required for different purposes. Q.12 Define & explain standard costing. Q.13 Explain the concept of overheads. State the causes of under & over absorption of factory overheads.
3

11. Balance sheet 12. Tangible & intangible assets 13. Labour turnover 14. Ideal Time 15. Use of standard costing 16. Zero base budgeting 17. Types of assets 18. Items to be excluded while preparing cost

19. Time keeping & time booking

AISSMS IOM QUESTION BANK 2011-13

Q.14 Calculation of machine hour rate helps in absorption of overheads. Comment. Q.15 from the following Trial balance of M/s Sunita Traders prepare Trading & Profit & Loss account for the year ended on 31.03.2008 & a balance sheet as on that date after considering following adjustments. Debit Particulars Machinery Building Stock (01.04.07) Purchases Wages & salaries Carriage outward Sundry Debtors General Expenses Rent Bad Debts Income Tax Legal Charges Prepaid rent Loan to Mukharjee Drawings Cash in hand Cash at bank Capital Sundry Creditors Bills payable Return outwards Interest commission Outstanding Expenses & 900 1,150 Rs. 90,000 40,000 20,200 1,10,800 17,000 3,000 35,000 9,100 1,700 650 300 400 200 17,000 4,300 1,350 9,750 1,15,200 45,000 4,000 1,500 Credit Rs.

Sales R.D.D.

1,90,500 2,500
4

AISSMS IOM QUESTION BANK 2011-13

Debit Particulars Rs.

Credit Rs.

3,60,750

3,60,750

The following adjustments should be taken into consideration: a) Stock on 31st March 2008 was valued at cost Rs. 20,900. Market price was Rs. 24,000 b) Depreciate machinery at 10% & building at 5% c) The reserve for bad & doubtful debts is to be maintained at Rs. 1,000 d) Provide for reserve for discount on sundry creditors at 2%.

Q.16 From the following figures extracted from the books of ABC Ltd. For the year ended on 31.03.2008. Prepare cost sheet showing: a) Prime cost b) Works cost c) Cost of production d) Cost of sales e) Profit Particulars Direct materials Indirect wages Factory rent & rates Indirect materials Depreciation assets General factory expenses General Selling expenses Office salaries Advertisements Direct wages Other direct expenses Office rent & Rates Depreciation of machines Salary of of office 100 5,700 1,000 4,500 2,000 75,000 15,000 500 1,500 70,000 10,000 50,000 500

Managing 12,000
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AISSMS IOM QUESTION BANK 2011-13

Particulars Directors Travelling Expenses General office expenses Carriage outward Sales 1,100 1,000 1,000 2,50,000

Q.17 ABC Company wishes to arrange Overdraft facilities with its bankers during the period of April to June 2004, when it will be manufacturing mostly for stock. Prepare cash budget the above period from the following data indicating the extent of bank facilities the company will require at the bend of each month. Month/ Year Feb 2004 March 2004 April 2004 May 2004 June 2004 Additional information: a) 50% of credit sales are realized in the month following the sales & the remaining 50% in the second month following b) Creditors are paid in the month following the month of purchases c) Wages are paid in the month following the month of wages d) Cash at bank on 01.04.2004 Rs. 25,000 Sales 1,80,000 1,92,000 1,08,000 1,74,000 1,26,000 Purchases 1,24,000 1,44,000 2,43,000 2,46,000 2,68,000 Wages 12,000 14,000 11,000 10,000 15,000

Q.18 A factory engaged in manufacturing plastic buckets is working at 40% capacity & products 10,000 buckets per month. The present cost break up per bucket is as under: Materials- Rs. 20 Labour- Rs. 6 Overheads- Rs. 10 (60% fixed) Selling price- Rs. 40 If it is decided to work the factory at 50% capacity, the selling price falls by 5% accompanied by similar fall in the price of materials. Prepare a statement showing the profit at 50% & 90%
6

AISSMS IOM QUESTION BANK 2011-13

capacities & determine the break even points each of these production levels in sales value & sales volume. Q.19 the following transaction occurs in the purchase & issue of material. Prepare stores ledger account a) By FIFO method b) By LIFO method Q.20 the following Trial balance was extracted from the books of Mr. Anant as on 31.03.2008

Credit Particulars Capital account Machinery Furniture Sales Purchases Returns Opening stock Discount Debtors Creditors Salaries Wages Carriage outward Provision debts Rent Advertisement Cash 2,000 6,900 for bad 525 10,000 1,200 7,550 10,000 60,000 1,000 30,000 425 45,000 25,000 800 700 78,000 2,000 1,27,000 Debit Rs. Rs. 1,00,000

2,54,075 1. Closing stock was valued at Rs. 34,220 2. Allow interest on Capital at 10% p.a.

2,54,075

AISSMS IOM QUESTION BANK 2011-13

3. Depreciate machinery @ 10% p.a. 4. Provision for bad debts is to be kept at 5% 5. Mr. Anant has taken goods worth Rs. 5,000 for personal use & distributed goods worth Rs. 1,000 as free samples. Q.21 A company has 3 production & 2 service departments. The following are the totals of overheads of production & service departments. Total overheads Rs. Production departments A B C Service departments X Y 96,000 84,000 60,000 28,080 36,000

The expenses of service departments are to be appointed as follows: Production dept. A Service dept. X Service dept. Y B C Service dept. X 20% Y 10% -

20% 40% 30% 40% 20% 20%

Calculate overheads of production departments after distributing the overhead cost of service departments by both a) Repeated distribution method b) Simultaneous equation method. Q.22 Following is the Trial balance of Mr. Kumar for the year ended 31st March 2002. Prepare final accounts. Trial Balance Debit Particulars 12% investment Stock as on 1st April 2001 Purchases Sales Carriage inward 2,900
8

Credit Rs.

Rs. 35,000 30,400 987,000

2,07,600

AISSMS IOM QUESTION BANK 2011-13

Trial Balance Debit Particulars Carriage outward Salary Vehicle expenses Printing & stationary Insurance on machinery Plant & machinery Furniture & fixtures Vehicles Debtors Creditors Capital Commission received Loan Rent paid cash in hand Bank balance Interest on bank Total 12,000 2500 24,000 2,690 4,03,390 4,03,390 8,400 6,870 8,420 70,000 18,000 25,000 36,000 46,700 1,27,500 5,400 16,000 Rs. 5,600 19,600 Credit Rs.

Adjustments: a) Closing stock is valued at Rs.22,420 b) Depreciation provided @ 10% on plant & machinery, @ % on vehicles & @2.5% on furniture & fixtures c) Provide 5% on debtors for doubtful debts d) Outstanding salary is Rs.4,800 e) Investment are purchased on 01/01/2001 Q.23 Rahul & Sujatha have a unit each, for manufacturing cricket bats. Details are as follows: Rahul Rs. Lakhs Sales Variable cost 300 220 Sujatha Rs. Lakhs 120 90
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AISSMS IOM QUESTION BANK 2011-13

Fixed overhead

40

20

Rahuls unit runs at 100% capacity & Sujathas at 60% capacity. They decide to merge the two units to form Kumar Brothers. a) Calculate for the individual pre-merger status i) PV ratio ii) BEP b) Calculate the post- merger i) PV ratio ii) BEP c) Find the profit of the merged firm at 75% capacity

Q.24 The standard mix of the product P is shown below: Raw material X Y Units 30 70 Rs. @ 20 each @ 30 each

Standard loss is 10% of input Actual data: Raw material X Y Units 34 66 Rs. @ 18 each @ 36 each

Actual loss is 15% of input. Calculate material variance. Q.25 Following cost information about ABC Ltd is available.

Cost of elements

Variable Cost (% of Sales)

Fixed Cost (Rs.)

Direct Materials Direct Labour Factory Overheads Distribution Expenses Administrative Expenses

32.8% 28.4% 12.6% 4.1% 1.1% 1,89,000 58,400 66,700

Budgeted sales for the next year are Rs. 18,50,000. You are required to determinea) Break-even Sales volume b) Profit at the budgeted sales volume. c) Profit, if actual sales i) Drop by 10%
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AISSMS IOM QUESTION BANK 2011-13

ii)

Increase by 5% of budgeted sales.

Q.26 From the following information supplied for Fino Polex Pvt. Ltd. , prepare a statement showing the cost of production and goods sold for the period 01.01.2009 to 31.01.2009. Opening Stock Raw material purchased Wages paid Factory Overheads W.I.P. (1.1.2009) W.I.P. (31.1.2009) Closing stock of raw material on 31.01.2009 Opening stock of finished goods on 01.01.2009 Closing stock of finished goods on 31.01.2009 Selling and distribution overheads Administrative overheads Sales Q. 27 From the following information calculate a) Material cost variance. b) Material price variance. c) Material usage variance. d) Material mix variance. And give your comments on the results. Standard Material X Y Z Qnt. 50 30 20 100 Price 2.00 3.00 4.00 Value 100 90 80 270 Actual Qnt. 40 20 30 90 Price 5.00 3.00 3.00 Value 200 60 90 350 40,00,000 5,00,00,000 2,50,00,000 80,00,000 10,00,000 20,00,000 30,00,000 80,00,000 70,00,000 10,00,000 25,00,000 10,00,00,000

Q.28 The details regarding compensation and the weekly wage rates of labour force engaged on a job scheduled to be completed in 30 weeks are as follows.
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AISSMS IOM QUESTION BANK 2011-13

Standard Types workers Skilled Semi-Skilled Unskilled of No. Workers 75 45 60 of Weekly rate Rs. 60 40 30

Actual No. Workers 70 30 80 of Weekly rate Rs. 70 50 20

The work is actually completed in 32 weeks. Calculate various labour variances.

Q.29 a) Fill in the blanks for each of the following independent situations.

A Selling price per unit Variable costs as % of selling price No. of unit sold Marginal Contribution (Rs.) Fixed Costs (Rs.) Profit / Loss c) Give Performa cost sheet. 12,000 10,000 20,000 60

B 50

C 20 75

E 30

75

4,000 80,000

6,000 25,000

5,000 50,000

1,20,000 20,000 30,000

10,000 15,000

Q. 30 For production of 10,000 electrical automatic irons the following are the budgeted expenses. Per unit (Rs.) Direct materials Direct Labour Variable overheads Fixed Overheads (Rs. 1,50,000) Variable expenses (direct) Selling expenses (10% fixed) 120 60 50 15 10 30
12

AISSMS IOM QUESTION BANK 2011-13

Per unit (Rs.) Administration expenses (Rs.1,00,000) Rigid for all levels of production Distribution expenses (20% fixed) Total cost of sale p.u. 10 10 305

Prepare a budget for production of 6000,7000 and 8000 irons, showing distinctly marginal cost and total cost

Q.31 From the following balances extracted from the books of Mr. Amit .Prepare trading & profit & loss account for the year ended 31.03.2004 and a balance sheet as on that date. Rs. Stock on 01.04.2003 Purchases less return Wages Loan from Shri. Aman Capital Sundry debtors Reserve for bad debts (01.04.2003) Rent & taxes Salaries General Expenses Discount allowed Sundry creditors Sales Plant & machinery Furniture Cash Drawings Sales returns Cost of lease on 01.04.2003 Adjustments
13

10,000 49,000 15,000 1,50,000 60,000 42,700 2,800 1,000 8,000 900 500 20,000 1,28,600 1,50,000 18,000 2,300 6,000 2,000 56,000

AISSMS IOM QUESTION BANK 2011-13

i) ii) iii)

The closing stock was Rs. 9800. Write off 10% depreciation on plant and 5% on furniture. Write off bad debts Rs. 700 and maintain Reserve for bad debts at 6% on debtors.

iv)

Write off Rs.6000 in the current year from the cost of lease.

14

AISSMS IOM QUESTION BANK 2011-13

(103) Bank For Managerial Economics

Q.1) Define nature and scope of managerial economics. Q.2) How managerial economics is useful for corporate decision making? Q.3) Explain Law of Demand and the factors affecting demand? Q.4) Explain the concept of Elasticity of Demand. Q.5) Explain the concept of Demand Forecasting with its methods. Q.6) Explain the concept of law of variable proportion with one factor analysis. Q.7) Explain the concept of return to scale. Q.8) Explain the difference between short and long run cost. Q.9) How pricing is done under perfect competition. Q.10) How pricing is done under monopoly? Q.11) How pricing is done under monopolistic? Q.12) Explain pricing strategy method. Q.13) Explain the concept of profit policy and profit forecasting. Q.14) Explain methods of investment appraisal. Q.15) Explain the need and importance of Government intervention. Q.16) Write short note (i) Opportunity Cost

(ii) Positive and normative approach (iii) Static and Dynamic (iv) ACMC (v) ARMR (vi) Steps in project evaluation (vii) Break Even Point (viii) Price control.

15

AISSMS IOM QUESTION BANK 2011-13

(104) Statistical & Quantitative Methods

Q l) A firm uses lathes, milling machines and grinding machines to produce two machine parts. Table given below represents the machining times required for each part, machining times available on different machines and profits on each machine part. Type of machine Machining time required for machine part in minutes I Lathes Milling Grinding Profit per unit Rs. 40 100 12 4 2 II 6 10 3 3000 2000 900 Maximum time available in minutes

Find the number of parts I and II to be manufactured per week to maximize the profit. Q. 2) The following data refer to the dividend (%) paid by the two companies A and B over the last seven years. Company A Company B 4 12 8 8 4 3 15 15 10 6 11 4 9 10

Calculate coefficient of variation and comment. a) Explain the concept of multiple correlations. b) Explain the term pure strategy regarding a 2 x 2 game. Q3) a) Obtain the equation of the regression line for husband's age (Y) on wife's age (X) at marriage from the following data: Y X 36 29 23 18 27 20 28 22 28 27 29 21 30 29 31 27 33 29 35 28

b) A company has 4 machines on which to do 3 jobs. Each job can be assigned to one and only one machine. The cost of each job on each machine is given in the following table. What are the job assignments for minimum cost?

16

AISSMS IOM QUESTION BANK 2011-13

Machine Job A B C W 17 7 9 X 23 12 14 Y 27 16 18 Z 31 18 21

Q4) a) Find the initial basic feasible solution of the following transportation problem using i) North west corner method. ii) Matrix minimum method. iii) Vogel's approximation method. Also find corresponding costs. Factory Warehouse A B X Y Z Requirement units 5 8 7 15 11 31 71 31 41 9 C 51 41 71 D 11 61 21 Capacity units 7 9 18

b) The following table gives the distribution of items of production and also the relatively defective items among them, according to size groups. Find the correlation coefficient between size and defect in quality. Size 15 16 17 18 19 20 Q5) No. of items 400 540 680 720 800 600 No. of defectives 300 324 340 36O 360 240

a) If 5% of electric bulbs manufactured by a company are defective, use poisson

distribution to find the probability that in a sample of 100 bulbs none is defective. [Given e-5 = 0.007, e-Q5 = 0.6065]

17

AISSMS IOM QUESTION BANK 2011-13

b) An investment firm purchases 3 stocks for one week trading purposes. It assesses the probability that the stocks will increase in value over the week is 0.8, 0.7 and 0.6 respectively. What is the chance that i) All three stocks will increase. ii) At least two stocks will increase? c) A trader deals in a perishable commodity. The daily demand is a random variable. Records of past 200 days show the following distribution. ___________________________________________ Demand in units Number of days 10 20 30 40 50 20 40 60 60 20

___________________________________________ A trader buys the commodity at Rs. 10 per unit and sells at Rs. 15 per unit. Calculate the profit in 10 days by simulating the system. [7] Use following random numbers. 69, 01, 08, 74, 82, 20, 72, 14, 75, 12 Q6) a) For the following 2 x 2 Game check whether & addle point exists or not? If not find the probabilities for each action of player A and each action for player B. Also find value of the Game. Player A Player B B1 A1 A2 11 9 B2 7 10

b) In a certain interview there were 126 candidates, of which 70 were boys, 36 candidates were successful, among them 20 were boys. i) Prepare a 2 x 2 contingency table. ii) Check whether the data is consistent or not? iii) Find coefficient of association. iv) Interpret the result.

Q7) a) Following table gives profits matrix for different events and actions. Calculate E. Y.P.I.

18

AISSMS IOM QUESTION BANK 2011-13

Events (States of Nature) E1 E2 E3 E4 Probability 0.20 0.35 0.35 0.10 AI 40 70 30 30 A2 52 28 70 -50

Actions A3 45 40 -50 -70

b)

Calculate mean, median and mode. Marks (below) No. of Students 5 2 10 7 15 14 20 27 25 48 30 64 35 72 40 80

Q.8) a) The following data relate to ages of a group of workers in a factory. Draw the ogive curves. Compute the Median. Check the computed Median with the Median value obtained from the graph. Also find from the graph, the number of workers between ages 28 - 48. Ages No. of Workers b) Consider a small plant which makes two types of automobile parts, say A and B. It buys castings that are machined, bored and polished. The capacity of machining is 25 per hour for A and 24 per hour for B, capacity for boring is 28 per hour for A and 35 per hour for B and the capacity of polishing is 35 per hour for A and 25 per hour for B. Castings for part A cost Rs. 2 and sell for Rs. 5 each and those for part B cost Rs. 3 and sell for Rs. 6 each. The three have running costs of Rs. 20, Rs. 14 and Rs. 17.50 per hour. Assuming that any combination of parts A and B can be sold. Formulate and solve this problem as an LPP to determine the optimum product mix and maximum profit. Die A has four red faces and two white faces. Die B has two red faces and four white faces. A coin is flipped once. If it falls heads the game continues by throwing die A, if it falls tails die B is to be used. i) Show that the probability of getting a red face at any throw is V2. ii) If the first two throws resulted in red faces, what is the probability of red face at the 3fd throw? 20 -25 35 25 - 30 45 30-35 70 35 -40 105 40-45 90 45 - 50 74 50 - 55 51 55 -60 30

19

AISSMS IOM QUESTION BANK 2011-13

Q9) a) Explain the concept of association of attributes and illustrate the coefficient of association.

b) A collar manufacturer is considering the production of a new style collar to attract young men. The following statistics of neck circumference are available based on the measurement of a typical group of students. Mid value (in inches) 12.5 13 13.5 14 14.5 15 29 15.5 18 16 1

No. of Students 4 19 30 63 66 Compute the Mean and Standard Deviation for the size of collars.

c) From a city population, the probability of selecting (i) a male or a smoker is 7/10, (ii) a male smoker is 2/5 and (iii) a male, if a smoker is already selected is 2/3. Find the probability of selecting: 1) A non-smoker 2) A male 3) A smoker, if a male is first selected. Given rl2 = 0.6, r23 = 0.5, r21 = 0.7. Calculate rl23 and RU3" Q.10) a) The marks secured by recruits in the selection test (X) and in the proficiency test (Y) are given below: Calculate Karl Pearson's coefficient of correlation. X Y 10 30 15 42 12 45 17 46 13 33 16 34 24 40 14 35 22 39 20 38

b) Hundred children took three examinations A, Band C; 40 passed the first 39, passed the second and 48 passed the third, 10 passed all three, 21 failed all three, 9 passed the first two and failed the third, 19 failed the first two and passed the third. Find how many children passed at least two examinations. Show that for the question asked certain-of the given frequencies are not necessary. Which are they? Assume the mean heights of soldiers to be 68.22 inches with a variance of 10.8 inch2 How many soldiers in a regiment of 1000 would you expect to be over 6 feet tail? (Given that the area under the standard normal curve between x = 0 and X = 0.35 is 0.1368 and between X = 0 and X = 1.15 is 0.3746). Q.11) a) Consider the game with the following pay off table:

Player A Player B B1 B2 Al 2 6 A2 -2 A i) Show that the game is strictly determiriable, whatever A may be.
20

AISSMS IOM QUESTION BANK 2011-13

ii) Determine the value of the game.

b) A company has three factories at Amethi, Baghpat and Gwalior having production capacity of 5000, 6000 and 2500 tonnes respectively. Four distribution centres at Allahabad, Bombay, Kolkata and Delhi requiring 6000, 4000, 2000 and 1500 tonnes respectively of the product. The transportation costs per tonne from different factories to different centres are given below. Suggest an optimum transportation schedule and find the minimum cost of transportation. Factories Amethi Baghpat Distribution Centres Allahabad 3 7 Bombay 2 5 Kolkata 7 2 Delhi 6 3

Gwalior 2 5 4 5 c)A modem home appliances dealer finds that the cost of holding 'a mini cooking range in stock for a month is Rs. 200 (insurance, minor deterioration, interest on borrowed capital, etc.). Customers who cannot obtain a cooking range immediately tend to go to other dealers and he estimates that for every customer who cannot get immediate delivery, he loses an average of Rs. 500. The probabilities of demand of 0, 1,2,3, 4, 5 mini cooking ranges in a month are 0.05, 0.10, 0.20, 0.30, 0.20 and 0.15 respectively. Determine the optimal stock level of cooking ranges. Also find EVPI.

Q.12) a) A company is considering and expansion into five new sales territories. The company has recruited four new salesmen. Based on the salesmen's experience and personality traits, the sales manager has assigned a rating to each of the salesman for each of the sales territories. The ratings are as follow:

Territory 1 A Salesmen B C D 75 91 78 65 2 80 71 90 75 3 85 82 85 88 4 70 75 80 85 5 90 85 80 90

21

AISSMS IOM QUESTION BANK 2011-13

Suggest optimal assignment of the salesmen. b) The arrival of customers at the service centre is according to Poisson at an average rate of 9 customers per 10 minutes. The service rate at the centre is 10 customers per 10 min. Calculate:

i) Utilization factor of service centre. ii) Waiting time of customers in the system. iii). Average number of customers in a non-empty queue.

c) At a bus terminus every bus should leave with driver. At the terminus they keep 2 drivers are reserved, if anyone on scheduled duty is sick and could not come. Following is the probability distribution that driver becomes sick. [7] Number of Sick Drivers Probability 0 0.30 1 0.20 2 0.15 3 0.10 4 0.13 5 0.12

Simulate for 10 days and find utilization of reserved drivers. Also find how many days and how many buses cannot run because of non availability of drivers. Use the following sequence of random numbers. 30 54 34 72 20 02 76 74 48 22 Q13) a) Find the modal age of the workers using i) ii) Graphical method and By calculation. Age More than 15 25 35 45 55 65 75 No. of workers 115 111 96 70 40 18 03

b) A firm makes two types of furnitures chairs and tables. The contribution to profit by each product as calculated by accounting department is Rs. 20 per chair and Rs. 30 per table. Both the products are to be processed on three machines M1, M2, M3' The time required

22

AISSMS IOM QUESTION BANK 2011-13

in hours by each product and total time available in hours per week on each machine is as follows.

Machine Chair M1 M2 M3 3 5 2

Table 3 2 6

Available Tim (in hrs) 36 50 60

How should the manufacturer schedule the production in order to maximize the profit. Competitors Judges 1 A B C 6 5 4 2 5 8 9 3 3 4 8 4 10 7 1 5 2 10 2 6 4 2 3 7 9 1 10 8 7 6 5 9 8 9 7 10 1 3 6

Discuss which pair of judges has the nearest approach to common tastes Of beauty. Q14) a) Find the association between proficiency in English and in Hindi among candidates at a certain test if 245 of them passed in Hindi, 285 failed in Hindi, 190 failed in Hindi but passed in English and 147 passed in both. b) The mean yield for one-acre plot is 662 Kg, with a s.d. of32 Kg. Assuming normal distribution how many one-acre plots in a batch of 1000 plots would you expect to have i) over 700 Kg. ii) below 650 Kg. iii) What is the lowest yield of the best 100 plots.

c) The products of 3 plants X, Y, Z are to be transported to 4 warehouses I, II, III, IV. The cost of transportation of each unit from the plant to the warehouses along with normal capacities of plants and warehouses are indicated below. Warehouse Plants X Y Z Requirement I 25 15 16 300 II 17 10 20 300 ill 25 18 08 500 IV 14 24 13 500 Availability 300 500 600

i) Solve the problem for minimum cost of transport.

23

AISSMS IOM QUESTION BANK 2011-13

ii) Does there exist any alternative solution. Q15) a) The mean of binomial distribution is 4 and variance is 4/3. Find probability of getting i)no success ii) at least 5 success.

b) Analysis of monthly wages paid to the workers of 2 firms A and B belonging to the same industry gives the following result. Firm A No. of workers Average daily wage Variance of wages 500 186 81 Firm B 600 175 100

Find i) Which firm is more consistent in wages ii)Variance of the entire worker taken together. c) Find the value of the following game. Also determine the optimal strategies A Bl B2 B1 -5 -7 B2 2 -4

d) Customers arrive at a box office window, being manned by a single individual according to a poisson input process with a mean rate of 30 per hour. The time required to serve a customer has an exponential distribution with a mean of90 seconds. Find the average waiting time of a customer. Also determine the average number of customers in the system and average queue length. Q.16) a) The two regression lines are given as below 15X + 17Y = 395 and 20X + 14Y = 440 Find i) Mean of X and Y ii) Both the regression coefficients iii) Correlation coefficient iv) 0y when 0x = 3. b) A company manufactures 200 motor cycles per day which changes according to availability of raw material. Production (Per day)196 197 198 199 200 201 202 203 204

Probability 0.05 0.09 0.12 0.14 0.20 0.15 0.11 0.08 0.06 Using the following random numbers, stimulate the procedure for 12 days and find average production of sample drawn.
24

AISSMS IOM QUESTION BANK 2011-13

R. Nos. 82, 89, 78, 24, 52, 61, 18, 45, 04, 23, 50, 77. c) A project work consists of four major jobs for which an equal number of contractors have submitted tenders. The tender amount quoted (in lakhs of rupees) is given in the matrix Job A Contractor 1 2 3 4 10 16 12 09 B 24 22 20 26 C 30 28 32 34 D 15 12 10 16 x

Find the assignment which minimizes the total cost of the project. Q.17) Attempt any four:. a) Describe different measures of central tendency. b) The incidence of a certain disease is such that on the average 20% of workers suffer from it. If 10 workers are selected at random, find the probability that more than 2 workers suffer from the disease. c) In a marketing organization out of 200 sales representatives 150 were_ males,120 of them achieved their sales target during a financial year and 10 female representatives fail? to achieve their targets. Is there any association between the sex and sales performance) Draw the less than ogive for the data given below and answer the following from graph : Marks 0-10 10-20 20-30 30-40 40-50 50-60 60-70 70-80 80-90 90- 100 No. of students 5 20 40 70 85 65 50 35 20 10

i) If 25% students get the distinction, determine minimum marks for distinction. ii) If pass marks are 35, what percentage of students pass the examination?

25

AISSMS IOM QUESTION BANK 2011-13

Q. 18) a) The following data gives the experience of machine operator and their performance rating, calculate regression lines of performance rating on experience and estimate the performance if operator has 7 years experience. Operator 1 2 3 4 5 6 7 8 16 12 18 4 3 10 5 12 Experience Performance rating 87 88 89 68 78 80 75 83

b) The scores of 2 batsmen A and B in 10 innings during a certain season A: 32 B: 19 28 31 47 48 63 53 71 67 39 90 10 10 60 62 96 40 14 80

Find which of the two batsmen, A or B, is more consistent in scoring. c) Explain partial and multiple correlations with illustrations and find multiple correlation RI23 if rl2 = 0.6, r23 = 0.7 and r l3 = 0.6.

Q. 19) a) 44% of candidates get marks 55 or less and 6% of candidates get marks 80 or more assume that the distribution is normal, find average marks and standard deviation of marks.

Given

Z Area from z = 0 to

0.15 0.06

1.55 0.44

b) Calculate rank correlation coefficient between marks assigned to 10 students by judges x and y in a certain competitive test:

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AISSMS IOM QUESTION BANK 2011-13

S.No: Marks by Judge X Marks by Judge y

1 52 65

2 53 68

3 42 43

4 60 38

5 45 77

6 41 48

7 37 35

8 38 30

9 25 25

10 27 50

c) Calculate mode and Quartile Deviation for the following data: Marks below No.of. Students Q.20) Attempt any three: a) A company is considering three magazines for releasing its advertisements. The relevant data are given here: 10 5 20 13 i30 25 40 40 50 60 60 74 70 86 80 92

Readers Prospective buyers of the product Cost per advertisement (Rs.)

Magazines A 1,00,00,000 10%

B 60,00,000 15%

C 40,000 70/0

10,000

5,000

6,000

The company has allocated Rs.l,OO,OOO for magazine advertising. It has also decided that there should be at least 2 insertions each in magazines A and C, and that the number or insertions in magazine B should not exceed 5. Formulate the LPP to maximize prospective buyers. b) In a bank every 15 minutes one customer arrives for cashing the cheque. The staff in the only payment counter takes 10 minutes for serving a customer on an average. It is assumed that the arrival time follows poisson distribution and service time follows exponential distribution. Customers are served on first come first basis. Find out, i) Average number of customers in a bank. ii) Average time required by a customer to cash the cheque. iii) Second counter is justified if waiting time of a customer in a queue is 15 minutes or more, find out what should be new arrival rate to justify second counter.
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AISSMS IOM QUESTION BANK 2011-13

c) A small industry finds from past data that the cost of making an item is Rs.25/-. The selling price of an item is Rs.30/-. If it is not sold within a week, it could be disposed off at Rs.20/-. At the end of a week. Data for sales is given below Find optimum number of items per week the industry should purchase, Find E.VP.I Weekly sales No. of weeks 4 10 5 20 6 40 7 30

d) Describe Markov process and steady state condition.

Q. 21) a) A company has three plants and four warehouses. The supply and demand in units and the corresponding transportation costs are given. The table below has been taken from the solution procedure of a transportation problem. unit transportation cost Plants I A B C Demand 5 6 4 25 Warehouses II 10 8 2 10 III 4 7 5 15 IV 5 2 7. 5 10 25 20 55 Supply

The present distribution pattern is as follows: A to III - 10 units B to I - 20 units B to IV - 5 units C to I - 5 units C to II - 10 units C to III - 5 units. Answer the following questions: i) Is this solution feasible? Why? ii) Is this solution degenerate? Why? iii) Is this solution optimum? Why? iv) Does this problem have more than one optimum solution? If so, show all of them. b) Describe characteristics of queuing theory.
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AISSMS IOM QUESTION BANK 2011-13

c) Describe different criteria of decision making.

Q.22) a) Solve the following game Payoff Matrix B A I II III IV I 4 4 4 4 II 3 3 3 3 III 1 7 4 3 IV 3 -5 -1 -2 V 2 1 2 2 VI 2 2 2 2

b) A company has a team of four salesmen and there are four districts where the company wants to start its business. The following is the profit per day in rupees for each salesman in each district. Find the assignment of salesmen to various districts which will yield maximum profit. District DJ D2 DJ D4 Max Z = 300 XI + 400 X2 Subject to the constraints 5X + 4X2 200 3X1 +5X2 150 5X1 + 4X2 100 8X1 + 4X2 80 X1 > 0, X2 o. c) A confectioner sells confectionery items. Past data of demand per week (in hundred kgs) with frequency is given below: DemandPer week 0 5 10 15 20 25 [5] Salesman A 16 14 15 13 B 10 11 ]5 12 C 14 15 13 14 D 11 15 12 15

Frequency 2 11 8 21 5 3 Using the following, sequence of random numbers, generate the demand for the next 1 weeks. Also find the average demand per week. Random No's: 35, 52, 90, 13, 23, 73, 34, 57, 35, 83.
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AISSMS IOM QUESTION BANK 2011-13

(105)Legal Aspects of Business

1. A) Define Contract. Explain the essentials of a valid contract. B) Explain in detail rights of surety. 2. Discuss the following comment All contracts are agreement, but all agreements are not contract. 3. What is memorandum of association? Explain the contents of memorandum of association. 4. Explain various provisions relating to transfer of ownership under Sale of Goods Act. 5. Define the term goods under sale of goods act. What are the different types of goods as per the act? 6. Explain in detail dishonor of a Negotiable Instruments under Negotiable Instrument Act 7. Define the term Negotiable Instrument. What are the various types of Negotiable Instruments? 8. Define consumer. Explain the rights of a consumer. 9. Explain the procedure of a complain made under district forum under consumer protection act? 10. Explain in detail rights & liabilities of an agent. 11. Distinguish clearly between : a) Misrepresentation & Fraud b) Coercion & Undue influence 12. Explain the unfair trade practices & restrictive trade practices 13. Define sale. Explain essentials of valid sale under sale of goods act 1930. 14. Define patents & explain various types of patents 15. Explain the term E-Commerce & E-Governance with reference to Information Technology Act 2000\ 16. Define digital signature and explain the provisions relating to Digital Signature & Electronic Governance 17. What do you understand by Capacity to contract? Discuss the law regarding minors agreement.

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AISSMS IOM QUESTION BANK 2011-13

18. What do you understand by the term Information Technology? A) Explain the rationale behind the Information Technology Act 2000? B) Explain the duties of Certifying Authority under the Information Technology Act 2000. 19. Write short notes on a) Valid offer & acceptance b) Consumer under consumer protection act c) Bill of exchange d) Valid consideration & exception to the rule No consideration No contract e) Contract & Agreement 20. Define Company. Explain fully the characteristics and types of company.

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AISSMS IOM QUESTION BANK 2011-13

(106) Basics of Marketing Q.1) Define Marketing. Briefly describe various approaches to marketing. Q.2) Write short notes oni) Customer Satisfaction Vs Customer Delight ii) Holistic Marketing iii) Marketing Myopia iv) Marketing Vs Selling Q.3) What do you mean by Consumer Behaviour? What are the steps in the buying decision process? Imagine the process of buying? i) A micro-wave oven ii) A new handset of mobile phone Q.4) what do you mean by the term Consumer Behaviour? Describe the factors influencing buying behaviour of consumers. Q.5) Distinguish between Organizational Buying Behavior and Consumer Buying Behavior. Explain stages of Organizational Buying. Q.6) Explain various Micro & Macro Environmental factors & how do they affect business organization with the help of suitable examples. Q.7) Define Market Segmentation. Describe the bases for market segmentation of consumer products and industrial products. Q.8) Explain Target Marketing. Describe Market Targeting Strategies. Q.9) Describe Positioning. Explain Product Positioning Strategies. Q.10) what is meant by the term Marketing Mix? Briefly explain the 7 Ps considered for marketing of services. Q.11) What are the steps in Marketing planning process? As a marketing manager of a big company, how will you conduct marketing planning for launching of a new highly modern digital camera in Indian market? Q.12) What do you mean by the term marketing planning? Explain the stages in marketing planning process. Q.13) Explain the contents of Marketing Plan. Q.14) What do you mean by the term Marketing Organization? Describe the various models and hierarchy of Marketing Organization.

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AISSMS IOM QUESTION BANK 2011-13

Q.15) Write short note on Matrix Organization. Explain the relation of Marketing Organization with other Functions. Q.16) Define Marketing Control. Explain the marketing control process. Q.17) Describe the various tools and techniques of Marketing Control. Q.18) Define Marketing Audit. Explain the steps involved in Marketing Audit. Q.19) Write Comprehensive note on Social Responsibility of Marketing Organization. Q.20) Write short note on Ethics of Marketing. Q.21) Write short note oni) Product Life Cycle (PLC) ii) Niche Marketing iii) Mass Marketing iv) Types of Control

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AISSMS IOM QUESTION BANK 2011-13

(107) Information Technology 1) Write a note on characteristics of computers. 2) Write a note on First Generation of Computer. 3) Write a note on Second Generation of Computer. 4) Write a note on Third Generation of Computers. 5) Write a note on Fourth Generation of Computers. 6) Write a note on Fifth Generation of Computers. 7) Write a note on Basic computer organization give diagrammatic representation. 8) Write a note on Input & Output Units & their Functions. 9) Write a note on Storage Unit & its functions. 10) Write a note on Central Processing Unit & its Functions. 11) Write a note on Secondary Storage Devices & their Classification. 12) Write a note on Optical Discs & its classification. 13) Write a note on Input Devices in brief. 14) Write a note on Output Devices in brief. 15) Write a note on Registers & their different types. 16) Write a note on Types of Processors. 17) Write a note on types of Memory. 18) Write a note on System Software. 19) Write a note on Application Software. 20) What is Operating System & what are main functions of operating System. 21) Write a note on Data Transmission modes. 22) Write a note on Star Network /Topology. 23) Write a note on Bus Network /Topology. 24) Write a note on Ring Network /Topology. 25) Write a note on uses of Internet.

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