Management Concepts And Practice M.F.C Model Question Papers : alagappauniversity.ac.in

Name of the University : Alagappa University
Degree : M.F.C
Subject Code/Name : Management Concepts And Practice
Year : I
Document Type : Model Question Papers
Website : alagappauniversity.ac.in

Download Model/Sample Question Paper : May 2008 :www.pdfquestion.in/uploads/alagappauniversity.ac.in/4090.-M.F.C..docx

Management Concepts & Practice :

1.Explain the features that determine the nature of management.
2.Examine the distinction between administration and management.
3.Write an explanatory note on Management by Objectives.

Related : Alagappa University Management Process MIBA Model Question Papers : www.pdfquestion.in/4167.html

4.What is decision-making- Discuss the process of decision-making.
5.Differentiate between formal and informal organization.
6.What do you mean by ‘Job Evaluation’ and ‘Job Analysis’-
7.Discuss the need for manpower planning. What are the steps-
8.What is budgetary control- How are budgets used for controlling-

Part B :
Answer any FOUR questions.
9. Compare and contrast the works of F.W. Taylor and Henry Fayol.
10. Discuss the role of planning in a modern business organization. Enumerate steps involved in planning process.
11. State and explain the common causes of conflict between line and staff management in an organization.
12. What are the various methods of training managers? Discuss any one of them in detail.
13. Explain the importance of communication and discuss various barriers to effective communication.
14. What is leadership? Why is there a need for leadership? Discuss the different styles of leadership.
15. Write an explanatory note on CPM and PERT techniques of control.

FINANCIAL ACCOUNTING AND ANALYSIS :
1.Explain briefly various accounting concepts.
2.What are subsidiary books- Briefly explain the purpose of each one them.
3.State the difference between Trial Balance and Balance sheet.
4.Explain the treatment of the following in company final accounts :
5.Differentiate between inter-firma and intra-firm comparison.
6.The following balances are extracted from the books of Ashok on 31st March,
7.Find out purchases and sales from the following details by making necess:
8.Rectify the following errors :
9.Define Human Resource Accounting. Explain the methods of valuation of human assets.
10.Discuss the application of computers in Accounting.
11.Discuss the benefits and limitations of ratio analysis.
12.Following balances are extracted from the books of acc Act, 1956 as on 31st March, 1996.
13.Following are the summarised Balance sheets of AMCO as on December
14.Following are the ratios relating to the trading activities of State Traders Ltd. :
15.A trader keeps his books by single entry. During the year 2002 he kept a cash book

COST AND MANAGEMENT ACCOUNTING :
1.What is Cost Sheet- Briefly narrate its purpose.
2.Write a short notes on ‘‘equivalent production’’.
3.Briefly explain the scope of management accounting.
4.Distinguish between ‘‘Cost Reduction’’ and ‘‘Cost Control’’.
5.Calculate the total earnings and the rate earned per hour
6.Draw up a flexible budget for production at 75% capacity on the basis
7.Machine Typhon Rs. 1,20,000, half payable immediately and half payable
8.From the particulars given below calculate :
9.Make out the necessary accounts from the following details :
10.Jasmine Ltd., sells two products ‘‘Pearl’’ and ‘‘Emerald’’
11.A firm has to install a machine for production of a part.
12.From the following information of Product No. 999, calculate
13. Explain the functions and characteristics of a good costing system.
14. Describe the various bases of apportionment of overheads to departments with illustration as to the items of overhead expense.
15. ‘‘Management accounting is concerned with accounting information which is useful to management’’. Elucidate this statement.

M.F.C. Degree Examination, May 2008 :
First Year :
Finance and Control :
Quantitative Techniques :
Time : Three hours
Maximum : 100 marks
Part A :
Answer any FIVE questions.
All questions carry equal marks.
1. Describe the points you would consider in drafting a questionnaire.
2. Determine the geometric mean for the following values : X : 5 8 12 16
3. The following information was obtained from records of a factory relating to the wages :
Arithmetic mean Rs. 56.8
Median Rs. 59.5
Standard deviation Rs. 12.4
Give as much information as you can about the distribution of wages.

4. A can solve 90 per cent of the problems given in a book and B can solve 70 per cent. What is the probability that at least one of them will solve a problem selected at random?

5. A simple sample of the height of 6,400 Englishmen has a mean of 67.85 inches and a standard deviation of 2.56 inches while a simple sample of heights of 1,600 Austrians has a mean of 68.55 inches and standard deviation of 2.52 inches. Do the data indicate that the Austrians are on the average taller than the Englishmen?

6. Explain the concept of regression. How does it differ from correlation?
7. In a distribution exactly normal, 7 per cent of the items are under 35 and 79 per cent are under 63. What is the mean and standard deviation of the distribution?
8. What do you understand by ‘decision theory’? Indicate the difference between decision under risk and decision under uncertainty.