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SECOND ASSIGNMENT (Objective Type)

Subject Code Subject TiUe

CT-40

Enterprise Resource Planning & Management Information System 40/A2/0T/201C

As specified in sylla-bus plan.

Assignment Code Coverage

Note: Head the follow.ing: statements carefully and indicate on the response sheet whether the statements are True or False. In case of false statement, write correct statement on a

separate sheet and enclose it with the response sheet of lind assignment (Objective Type).

1.

ERP has €,volved as a strategic tool because of the continuous improvement in the available techniques to manage business and the fast growth of Information Technology.

In Closed Loop MRP technique, capacity of an organisation to produce a particular product is also taken into account by incorporating a module called Capacity Requirements Planning (CRP).

An ERP system should be rigid to respond to the changing needs of an enterprise.

ERP is a bundle of all the integrated processes any business enterprise has to carry out. Because the ERP system automatically links related areas, it need to repeat procedures. The Preventive Maintenance module provides an integrated solution for supporting the operational needs of an enterprise-wide system.

Enterprise Resource Planning implementation is one of the fastest growing segments in the IT industry today.

The BaaN Com pany is no more a leading, provider of enterprise and inter-enterprise business software solutions.

Any ERP implementation is a special event since it involves entire organization over a period of time.

During the course of ERP implementation, the demands for changing the core package are a common phenomenon.

The first step for implementing an ERP package is to eliminate the reasons for going in for an ERP solution for your business.

Steps involved in the implementation of the ERP package include Mapping of business processes

onto the package and user training. _

MercedesBenz uses BaaN software at its enqine-re-rnanufacturinq factory in Berlin. I

Plus points of MFG/PRO are: Cost effectiveness, Broad installed base in India ahd Fast im plementation.

SAP supports all the computing platforms in a most rigid manner. Enterprise is ERP's true ambition.

Direct benefits of an ERP system are Business Integration, Flexibility, Better analysis and planning capabilities and Use of latest technology.

ERP software often brings the best practices and to benefit from them, existing business practices may not to be altered.

The ERP software brings along with it some of the best practices and implementing these practices would need change.

It is difficult to calculate return on investment for ERP decisions. Most implementations of ERP include a financial module.

It is better to stay with that ERP software which has special strengths for your area.

The very purpose of ERP is to take advantage of the best practices in industry that come embedded with the ERP software.

The full benefit of ERP would accrue, if all the ERP modules were implemented.

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(CT-40 /5)

(S2)

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60. Convincing the top management to usea high risk. high reward scheme such as ERP is no problem.

ERP implementation had been successful whenever it was driven by business goals and not IT goals.

SAP R/3 probably has the largest number of features among al,1 ERP software products,

though many of them remain unused often. I

BaaN can run under modest computing resources suiting the SME sector very well. \

SAP is the market leader in ERP and has almost one-third the market share. I

A BPR exercise preceding the ERP implementation can harm the organization significantly. ~ Nt

The i~cr~ase in company size results in the need for additional information collection. processing \ A(

and distrlbutton.

In an organization, a combination of difficult inputs often interact in slrnple ways to produce a \ tIl

desired output. I l

Management tasks can be described as decision making, planning and controlling to achieve \

the objectives. \

P~anning I.S rati?nal implementation of courses of actions to rea.ch ~redetermin~d goals.. I

Directing IS an Important function of management for communicating the decision operating \

personnel. t

In tactical decisions the scale of risks is still. small in contrast to strategic decisions. \

Any organization will have some kind of MIS existing. \

Information ls the increase in knowledge obtained by the recipient by matching proper data I

elements to the variables of a problem. \ \

To bring order to data, and produce meaningful results, some combination of basic data \

operations must be performed. I

Primaril~, information system .~ay be classified into two broad categories viz. Transaction I Processing Systems and Decision Support Systems.

TPS focuses on the recording and processing of ' economic events in the enterprise. 1\ \

MIS primarily uses TPS or databases, as source of input information.

Management support systems focus on managerial uses of information resources. I

DSS offers any user complete control over the system. \

EIS offers delayed ~nformation on different aspects of the executive's interest. X

BES stand for Business Expert System. I

Data visualization tool primarily aim at representing data with the help of three-dimensional \

visuals. \

The cost structures are same for each type of information system.

The information system provides the formal information necessary for managing the organization. \

Types of information required for management activities include planning, organizing, directing I

and controlling. \

Communication channels can be divided into Personal communication and Media I

Communication. I

The two important aspects of document design can be described as Data content and Report I

~~ I

The costs of operating the information system may be identified in terms of Cost of Hardware, i

O&M Cost, The land and Building Cost, The Cost of Conversion, and The cost of Operation.

MIS will have dimensions like quality, quantity, cost benefit and time. I

Main components of the problem solution process are: Method of solution, the problem and I

the solution. I

The system design depends mainly on the methods and models of MIS and the designing I

experience. .. 1

The general steps needed for MIS design include design outlines, detailed design and operation

of the MIS.

Structure Analysis pertains to identifying the groups of objectives, which are interrelated. Two formats which are very important for MIS are Assessment Sheet and Activity Evaluation Sheet.

The input to the decision-maker is prediction.

(CT-40 /6)

(82)

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SECOND ASSIGNMENT (Objective Type)

Subject Code Subject Tltle Assignment Code Coverage

CT-73 Manaqinq Men 731 A2/0T 12010

As specified in syllabus plan.

NOlte: Read the following statements carefully and indicate on the response sheet whether the statements are True or False. In case offalse statement, write correct statement on a separate sheet and enclose it with the response sheet of lind assignment (Objective Type).

1. Manpower supply in an undertaking is affected by the personnel policies regarding

retirement.

Personnel Management is different from human resource management. l' All the personnel functions are not important to all organisations at all times.

Job descrip~ is a broad statement of the purpose, duties and responsibilities of a job or position. \"

Customers are trained in the art. of salesmanship, in handling customers, planning their work, and facing challenges of market place.

A wage incentive scheme is the payment for work of an acceptable quality produced over and above a specified quantity or standard.

The simplest form of job evaluation is doing the job.

Training is linked with performance appraisal only.

Corporate strategy can influence manpower strategy and vice versa.

The objective of trade unions and staff associations must be to obtain the maximum benefits for their office bearers.

11. Development of human resources is essential for any organisation that would like to be dynamiC and grolNth-oriented.

12. Organisations that promote financial motivation in employees tend to do well.

13. An employment interview should serve three purposes, viz., obtaining information, giving

information and motivation.

14. The retrenchment compensation is also payable to workmen in case of transfer and closure of understanding.

People and tasks are organized to implement the organisation's strategy.

Man power plan influences the corporate strategy and is in turn influenced by it. Discipline means ordertiness, obedience and maintenance of proper subordination among employees and a check or restrain on the liberty of individual.

One who wants to come to work and works willingly can be considered a selfish worker. Objectives of manpower planning include to assess or forecast future skill requirements. Organisations can become dynamic and grow only through the efforts and competencies of their financial resources.

Group interview is designed to see how the candidates react to and against each other. Induction is introducing an employee to the job and to the organisation.

The employers do retain their right to take disciplinary action, with a bon~fide manner. ii Personnel management has been considered more a process of osmosis and ~II!-. \ ,t;o than speci:alised preparation.

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(CT-73/5)

( 8.2)

J 25. Personnel Management is known by one name. I I
26. Advocates of rapid industrialisation and steady increase in the Gross National Product I
have viewed labour legislation as a stumbling block in their path. I I RESP(
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27. Motivated workforce Is essential for efficient working and optimum productivity. I I
28. Career Planning and Manpower Planning, should be treated as synonymous. I
29. A systematic assessment of an individual performance 'promotion or salary review, etc. I I
*1 Enrolrru
is called performance appraisal.
30. Grievances may occur for a variety of reasons including economic, work environment, I I Name (
supervision, work group and work organisation. I I Addres:
31. Collective bargaining is a procedure by which the terms and conditions of employment of . I (In Bloc
workers are regulated by agreements behNeen their bargaining agents and the employers. I I
32. A proper selection of men, their tactful handling and proper management is the essence I I Letters;
of good overall management of an organisation. I 1 P
33. Supervisory staff constitute a very important link in the chain of administration. I I
34. Performence appraisal is similar to merit rating. I I
35. Intra mural means within the boundaries of the establishment (factory/organisation) I I
36. Principles acting as guidelines for determining a wage structure is called wage incentive. I I
37. Total manpower needs of an organisation can be built up from projections made for I I Questia
specific segments of their work force. I I
38. No hard and fast rule can be laid down with regard to the bargainig techniques. I I Answer
39, Job description is a technique used to establish the relative worth of jobs in a job hierarchy. 1 I
40. Management Development is a systematic process of training and g.rowth. I I Questic
41. The purpose of performance review is to analyse what a person has done and is I I
doing in his job in order to help him to do better by developing his strengths or by I I Answer
overcoming his weaknesses.
42. Extramural means artiste the establishment. I I Questic
43. A manager who cannot take responsibility himself can let his subordinates take responsibility. Xl
44. A proper interview reducesemp.loyee turnover, absenteeism and accident rates and I I Answe;r
improves morale. I I
45. The aim of salary administration is to develop and maintain a salary system of policies I I
and procedu res. I I Questh
46. The DA was to protect the wage earners real income by neutralising the increased cost I I
of living.
47. There are accepted standards to determine which method of evaluation produces the I I Answer
best results. I I
48. In the agriculture and unorganised sectors the degree of unionisation is maximum. I I
49. The success of collective bargaining is directly proportionate to the thoroughness of the 1 I
preparation. I I
50. Salary Structure consists of the various salary grades and their different leaves of single I I
jobs or groups of jobs. t I
51. Organisations that promote financial motivation In employers tend to do well. I I
52. Productivity exclusively related to men or labour is called labour welfare. I 1 Entered by
53, Procedural suspension is considered as a punishment. I I
54. While dismissal is a punishment for some misconduct, discharge is not always a punishment. 1 I Verified b:
55. The emplyers do retain their right to take disciplinary action, without a bonafide manner. I I
56. Employees who are younger and more educated are more responsive to job enrichment. I I
57. Organizational development is similar to organizational change. \!II
58. There must be a strong, democratic and representative unionism for the success of arul
participative management. I I
59. A worker's grievance should be resolved by his immediate boss, the first line supervisor. I I
60. Low payment of wages also creates lack of motivation in your subordinates. 1 I
(CT-73/6)
(S2) SECOND ASSIGNMENT (Objective Type)

Subject Code Subject Title Assignment Code Coverage

CT-74

Accounts & Finance for Managers 74/A2/0TJ 2010

As specified in syllabus plan.

Note: Read the following statements carefully and indicate on the response sheet whether the statements are True or False. In case of false statement, write correct statement on a separate sheet and enclose it with the response sheet of lind assignment (Objective Type).

1. Assets are defined as economic resources that are expected to generate future benefits.

2 Financial market is a generic term used to denote markets where financial securities are traded.

3. Accounting plays a vital role in the decision making process.

4. Balance sheet provides information as the total amount of money involved in running the business enterprise.

5. Shareholders wealth can be defined as the total market value of all the equity shares of the company.

6. Management accounting focuses on the information needed for planning implementing plans and controlling costs.

7. The balance sheet is the position statement which shows where the company stands in financial

terms at a specific date.

8. Assets = liabilities + owner's equity.

9. Capital market help in capital formation of the country.

10. Financial market is a. place where people buy and sell financial instruments.

11. Deeision-rnakinp is required for planning and controlling operations

12. The proflt and loss a~count is an accounting statement of the revenues earned and expenses

incurred by the company, during a particular period.

13. Fixed assets refer to tangible and long lived assets acquired for use in business operations.

14. Only the fixed assets are depreciated.

15. At the time of retirement of a bill the giver credit bill receivable account.

16. Liquidity ratios are used to measure the ability of a firm to meet its short-term financial obligation.

17. Acid test ratio is a measure of long term liquidity of the firm.

18. Efficiency ratio provide the basis for assessing how effectively the firm is using its resources to generate sales.

19. Financial ratios help us analyse the relationship between the various items in the financial statement.

20. According to the cost concept a business will have an indefinite life unless it is likely to be sold or liquidated in the near future.

21. Activity based costing is a system that relates an organisation's activities to the resources needed to perform them.

22. Variable Cost (VC). in total. change in direct proportion to on activity level.

(CT-74 I 5)

(S2)

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60. Break even sales = variable cost + fixed cost.

CostNolume-ProfitAnalysis is the most used financial analysis technique for financial planning and control.

Capital investment decisions have long-term consequences and these decisions determine the basic character affirm or its image.

Risk and return go hand in hand In investment and finance. ABC system means activity based costing system.

Contribution margin is the difference between sales and variable costs. Annuity. is defined as periodic payment every period for a number of periods,

One myth is that the study of management information system is about the use of computer. Assets will be equal to capital, if there are no liabilities.

Timeliness is the basic assumption of accounting.

'Verifiable objectives' is the modifying principle of accounting. Income = Revenue - Expense.

The bank or banker on whom the cheque is drawn, called drawee.

Valuation of stock at cost price or market price whichever is lower does not observe the modifying principle of consistency,

Basic assumptions of accounting can never be ignored. Every debit has it corresponding credit.

Expenses decrease proprietors equity.

Trial balance is the conclusive proof of accuracy in the books of account. Trial balance is a statement not an account

'Balance sheet is an account.

Balance sheet may be prepared half yearly or annually.

The debit and credit side of profit & loss account are always equal. Prepaid expenses are assets of the business,

Capital structure is the composition ratio of the sources of finance of a firm. like debt. equity and quasi-equity.

The creditors can decide about extending, main tailing or restricting tile flow of their credit to the business.

As analtemative to paying cash dividends, a company may distribute income to its shareholders by repurchasing its own shares.

A formalised budgeting system forces managers at all levels to plan, An important part of planning is cost management.

Profit and loss account reveals the net profit earned or net loss suffered by a firm in course of its business operations during the accounting period.

Identifying business transactions is the first step of accounting.

Fictitious assets do not have any real value.

All the assets in the possession of the business are its goods according to accounting conventions.

Business has an authority to declare itself insolvent. Book keeping is part of acc6unting,

Every accounting transaction must have documentary proof, Biased error in accounting is possible.

Financial accounting is also known as financial management.

Disclosing important information in accounting observes the principles of materiality.

(CT-74/6)

(S2)

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