Managerial Economics 9902787224 .docx

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Managerial Economics

1.Which factors, according to you, are prompting organizations to adopt a package instead of traditional salary?

2. Do you think package compensation is more suitable in modern globalised business? Can you draw some lessons from marginal productivity theory?

3. Do you think that the case supports the efficiently wage theory or bargaining theory? Give arguments in support of your logic.

4.Can similar type of strategy by adopted for remunerating other factors of production as well or not?

1. In your opinion what is the future of civil aviation in India? Will LCC dominate the domestic market?

2. Do you think that Jet Airways-Sahara merger will drive others to make similar moves so as to remain in competition?

 3. Collect more information of Indian and Jetlite and try to draw a payoff matrix for their prospective moves to venture into LCC segment. (Hint: the payoff matrix may be hypothetical but logically explained).

1. Try to identify various stages of growth of IT industry on basis of information given in the case and present scenario for the future.

2. Study the3 table given. Apply trend projection method on the figures and comment on the trend.

3. Compute a 3 years moving average forecasting for the years 1997-98 through 2003-04

4. What will be the forecasts for 2003-04 for exponential with a = 0.1?

1. What lesson can you draw from the above case regarding consumer behavior?

2. Do you think change in consumer perception in middle class has been instrumental in emergence of multiplexes? What can be the other reason?

3. Observe Table1. Which of the group, according to you, would have demand for multiplexes?

4. Would law of diminishing marginal utility apply to movie watching? Will this affect the growth of multiplexes? Or can it be seen as a case for establishment of multiplexes? Give argument in support of your contention.

Managerial Economics

i.                    What would you recommend to the government to create a level playing field for the local firms  and the western exporters of meat to India?

ii.                 Can you cite any other typical product where India’s advantage turns into disadvantages as a result of WTO agreement?

i           Why do you think the absolute value of demand elasticity is less in the short run

            than in the long run?

iii.               Do you think jewelers as a commodity, can also be categorized in the same group as others in  the given table? In other words, will it also exhibit change in the demand elasticity between the short and long run? Explain why?

iv.                The change in the value of demand elasticity between short and long run is much smaller in case of food than in clothing, what does this reflect about the consumer behavior?

(a)       Is there such a market in India for all the huge plans that they have ?

(b)       Can you support it as a case of economies of scope ?

(c)       Does it not lend to monopolistic conditions ? Give reasons.

1.                   Identify the most important factors of production in case of automobile industry. Also attempt to explain the relative significance of each of these factors.

2.                  What more information would you like to obtain in order to draw a production function for Maruti Udyog? Explain with logic.

3.         Automobile industry is a good example of capital augmenting technical progress.

            Discuss.

1.                   As money costs will decrease due to decision to outsource human resource, some real costs and opportunity cost may surface. What could these be?

2.         Elaborate the external and internal economies of scale as occurring to Contract

            Counsel.

2.                  Can you see some possibility of economies of scope from the information given in the case? Discuss.

Managerial Economics

1. Managerial Economics is the application of Economic Theory to business management. Discuss

2. What are the needs for demand forecasting? Explain the various steps involved in demand forecasting.

3. Define production function. How is it helpful while taking output decisions?

4. (a) ' The monopolist represents one man industry’? Comment and discuss how equilibrium position can be attained by the monopolist.

(b) Use appropriate diagrams to supplement your answer.

5. (a) Define partnership and explain its salient features and limitations.

(b) What are the qualities of a good partner?

6. What are the components of working capital? Explain each of them.

7. Give a brief account on the important records of Accounting under Double entry system and discuss briefly the scope of each.

8. (a) From the information (given with attachments), calculate

i. Debt Equity ratio  ii. Current ratio

(b) Calculate Interest Coverage ratio from the information (given with attachments) .

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MANAGEMENT INFORMATION SYSTEM.9901366442. doc.docx

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MANAGEMENT INFORMATION SYSTEM

1. Could the 2004 Athens Olympics have been a success without all of the networks and backup technologies?

2. The 2004 Olympics is a global business. Can a business today succeed without information technology? Why or why not?

3. Claude Philipps said dealing with “crazy scenarios of what might happen in every area: a network problem, staff stopped in traffic jam, security attack…everything that might happen,” was the reason for so much testing. Can you think of other business that would require “crazy scenario” testing? Explain.

4. What is the business value of data warehouse? Use Argosy Gaming as an example.
   
   
5. Why did Argosy use a ETL software tool? What benefits and problems arose? How were they solved?

6. What are some of the major responsibilities that business professionals and managers have in data warehouse development? Use Argosy Gaming as an example.

7. What is business intelligence? Why are business-intelligence systems such a popular business application of IT?

8. What is the business value of the various BI applications discussed in the case?
   
   
9. Is a business-intelligence system an MIS or a DSS

10. Why do more than a third of all Web self-service customers get frustrated and end up calling a help center? Use the experiences of Blue Cross-Blue Shield and AT & T Wireless to help you answer.

11. What are some solutions to the problems users may have with Web self-service? Use the experiences of the companies in this case to propose several solutions.
    
    
12. Visit the websites of Blue Cross-Blue Shield and AT & T Wireless. Investigate the details of obtaining and individual health plan or a new cell phone plan. What is your appraisal of the self-service features of these websites? Explain your evaluations.
13. What are several possible solutions to the failures in IT project management at many companies described at the start of this case? Defend your proposals.
    
    
14. What are several key ways that Avon and Guardian assure that their IT projects are completed successfully and support the goals of the business?
    
    
15. If you were the manager of a business unit at Avon or Guardian, what are several other things you would like to see their IT groups do to assure the success of an IT project for your business unit? Defend your suggestions.

Management Information System

1.         Explain various methods of decision making in any large scale industry with

            example.

2.         Define MIS. Discuss application of MIS in Indian industries.

3.         Explain identification and development of INFORMATION SOURCES

4.         Explain the application of MIS in FINANCIAL and PRODUCTION management.

5.         Explain artificial intelligence and expert system with suitable example.

6.         Discuss the relationship between MIS and RDBMS with example.

7.         Write note: Implementation and evaluation of MIS.

8.         What is DSS? Explain DSS with suitable example.

9.         Write note: Knowledgebase management system.

10.       Discuss the use of computers in application of MIS.

MANAGEMENT INFORMATION SYSTEM

(a) What is Information system?

(b) What is prototyping?
(c) What is Web Based System?

(d) What is hyperlink?

(e) What is knowledge management system?

1. What is EIS? Explain its advantages and disadvantages

3. What are the major challenges involved in building, operating and maintaining information system?

4. How does an organization impact in IT? Explain.

5. Explain the four stage model of IT planning.

6. What are the steps involved in implementation and evaluation of a system?

7. What is DSS? What are the models? Explain its components.

8. What are the benefits and application of content management?

9. What are the types of IS? Explain each of them.

10. Explain a) ERP b) SCM.

11. What are recent developments in MIS area?

12. How do you manage the multimedia content?
13. What are the ethics in IT?

14. Explain the features and characteristics of objects in object oriented analysis and design.

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MANAGEMENT CONTROL SYSTEM . 9901366442.docx

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MANAGEMENT CONTROL SYSTEM

Q1) Explain the process of cycle times given by David Axson.

Q1) Explain the stages in specific terms of ZBB Methodology.

Q1) Explain the needs of Capital Expenditure investment. (10 Marks).

Q2) Give any two difference between hardware and software.

Q1) Explain the difference between choosing the Right Forecasting on frequency and horizon.

MANAGEMENT CONTROL SYSTEM

1.        Describe the need for MIS in a business organization focusing on Management Control System. Also explain the important considerations in designing Management Information System (MlS) for the purpose of Management Control.

      2.   Explain the following ( Any SIX)

            Management by Objectives (MBO)

            Concept of Six Sigma

            Flexible Budgeting

            Balance Score Card

            Elements of a Control System

            R O I Approach

3.     Explain how by designing an appropriate Management Control System, the different types of risks faced by the banks can be tackled

4. What are different functions involved in the control of an Organization. Explain them?

5.         Consider a Retail Outlet. What should be the objectives of Management Control system for the retail outlet? Examples would strengthen your views.

6. Under Operations, What are the key principles of its Control and Management?

Management Control System

Q1. In the Business Environment context, explain how the Political and legal Environment of business plays a vital role. Justify by bringing in suitable examples

Q2. Give Formal Control process block diagram

Q3. Explain Management Audit

Q4. Write a note on withholding Tax.

Q5. Discuss the nature of management control systems

Q6. Difference between Responsibility Centers: Revenue and Expense Centers

Q7. Application of MCS in Public Sector

Q8. Application of MCS in Service Organizations and Proprietary organizations

MANAGEMENT CONTROL SYSTEM

1. Management control is just one of the various types of organizational control’ – Comment.

2. What are the important considerations which influence the design and implementation of management control system in a public enterprise?

3. What are the relative strength and weakness of a functionally biased matrix and project-biased matrix?

4. Design management control system for a company which renders computer services.

5. What are the characteristics of project organization? Explain how these characteristics affect the control system of a project.

6. Explain the limitations of zero based budgeting.

7. Importance of delegation – Discuss.

8. What are the difficulties in using input costs as a basis for evaluating the performance of an expense centre?

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LOGISTIC MANAGEMENT.9901366442. doc.doc

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LOGISTIC MANAGEMENT

1)      Give a critical analysis of the privatization of telecom sector in India.?

2)     Highlight the secrets of success of Alpha Telnet Ltd. in terms of technological advancements and service provided?

3)     Comment on the upstream and downstream supply chain portions operating in the company. 

4)     How far are the plans to improve the supply chain efficiency in the company feasible?

5)     "Internal supply chain at the company can be characterized by the lack of it". Comment.

6)     What made SCL a leader in the logistics industry?

7)     Discuss the strategies adopted by SCL for its survival in the competitive scenario.

8)    Comment on the contributions of SCL to society.

9)     What steps the company should take to globalize its network reach?

10) Discuss the strategies adopted by SCL for expansion.

11)  Analyze the case in view of the logistics outsourcing practices of the ISL.

12) Discuss the importance of logistics outsourcing with reference to supply chain management.

13) Suggest strategies for further strengthening the supply chain of ISL.

14) The participants/students are expected to have a clear understanding of Supply Chain and Logistics Management concepts.

15)  The issues involved in the case are Sales Forecasting, Strategic Sourcing, Selection of Warehousing Service Provider, Transportation Mode and other nuances in Logistics Management.

LOGISTIC MANAGEMENT

1.       What is Physical Distribution Management (PDM)? Why is PDM considered to be a critical area of overall supply chain management? Discuss he system or 'total' approach to PDM in detail

2.      "Many innovations on technology-based approaches are well-suited to the enhancement of

3.      the effectiveness of Supply Chain Management"-Justify the statement by giving few applications of information technology in SCM

4.      Define SCM integration and discuss the four stages of Steven's model of supply chain

5.      integration. Also, describe the strategies involved in SCM integration

6.      Why is the location of warehouse important for the SCM? Discuss some methods for determining the location of the warehouse

7.      What is Customer Profitability Analysis? Why has it gained importance in the recent times?

8.     Is it ethical to deny a customer who is not profitable?

9.      What are the essential differences in the Supply Chain Management of Products vs. Services?

10.  Discuss the application of Supply Chain Management principles in Financial Services .

11.   Explain the two major functions of transportation functionality namely product movement and product storage?

11.

Logistics Management

If you are appointed as the logistics consultant, then advise M/s BPL in respect of ‘

(a)  How to achieve economy in transportation, by maintaining almost same service level?

(b)  Demand Forecasting technique to take care of seasonality, reduction in inventory.

(c)   Information technology to substitute maintenance of high inventory without affecting customer service level.

(d)  Connectivity between factory and depots (networking Diagram)

In case you are appointed as logistic consultant to solve the problems, you are required to put forward your suggestions for

(a)  Proper transportation policy to ensure minimum transportation loss of vegetables and poultry products and reduction in the packaging costs.

(b)  Demand Forecasting techniques to take care of the seasonality, reduction in inventory and shortage and other related problems.

(c)   Suggestion for improved Purchase and Distribution policy.

(d)  Is it advisable to have company owned dedicated transport fleet?

(e) Evaluate the alternative solution that could be considered by Mr. Mohan.

(f)  What additional solution do you propose?

(g) Examine the transportation system and its drawbacks?

(i)  Examine the possibility of alternatives in transportation of the inbound and outbound materials?

(ii)                       How to reduce the cost of inbound and outbound logistics functions?

(iii)                    What could be the major problem in exploiting the inbound and outbound logistic functions?

(iv)                      Is it advisable to have dedicated transport system to operate packaged materials mainly for the company?

(v) What arrangements have to be made to ensure the service quality for customers?

1.      What are the company’s present logistical problems?

2.     Give your recommendations for improving the company’s logistical performance?

1.       Identify the main logistical problems of the Company

2.      To offer better customer service level and reduce the operating cost, how will you go about redesigning the distribution network?

3. What is the main problem in this case? What are your suggestions to the company on inventory management?

4. What type of logistical cost approach you would suggest to the company?

1.       What are the main problems in the logistical network of M/s. Compu-Tech?

2.      What solutions would you propose o overcome these problems?

Logistic Management

1. Explain the scope of logistic management in India context? What are the basic functions of logistic Management?

2. How right physical distribution of logistics can help minimizing costs and lead time?

3. Explain different kinds of containers used to mobilize logistics.

4. What is the role communication plays in logistics management?

5. Justify the statement; a customer is satisfied if the consignment is delivered on time”.

6. Explain ‘Shortest possible Route’ in the context of solving transportation problems.

7. What is meant by physical distribution system? Discuss the major activities involved in physical distribution system.

8. Explain the main systems of inventory control recommended for a very large manufacturing organization.

9. When would you recommend a centralized logistics system for a company and why? Compare informal logistical system with a formal one.

10. Explain material handling system of an organization. What factors should be kept in mind in designing an effective material handling system?

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