Cochin University Exam Papers BE CS 7th Semester
Industrial Organization and Management Nov 2011
CS/EB/EC/EE/EI/IT 701 Industrial Organization And Management
(Answer ALL questions)
I. (a) How are‘cooperatives’formed and run? Discuss their importance.
(b) It is sometimes stated that the typical organization chart is undemocratic in that it emphasizes the superiority and inferiority of people and positions. Comment.
(c) How do the required managerial skills differ in the organizational hierarchy?
(d) ‘Planning is looking ahead, and control is looking back”. Comment.
(e) Explain the utility of marketing information system and identify it’s main components.
(f) Distinguish between standard costing and marginal costing.
(g) Identify the important records of stores. Explain any two of them.
(h) What are the costs associated with inventory? Distinguish between deterministic and stochastic models in inventoiy theory.
II. (a) “A private limited company combines the advantages of limited liability and the facilities of partnership organisation”. Justify.
(b) Managing by objectives may result in increased use of matrix organizational structures. Explain.
(c) Why do most small companies use functionally organized departments?
III. (a) What is a partnership deed and what are its contents?
(b) Explain system approach applied to organization.
(c) Explain in detail with examples (i) state ownership (ii) public corporation.
IV. (a) Identify and explain the managerial functions with respect to management levels. (10) (b) Is management a science or an art? Could the same explanation apply to engineering or accounting? Explain.
V. (a) ‘You cannot motivate managers. They are self propelled. You just get out of their way if you really want performance’. Comment.
(b) Explain : (i) Neo classical theory (ii) Modem management theories.
VI. (a) What are the functions of sales management?
(b) Write notes on consumer and industrial markets.
(c) Explain valuation of stock and allocation of overheads.
VII. (a) Explain in detail the various pricing methods.
(b) Explain in detail the method of preparing a factory budget considering different elements of budget.
VIII. Following information is given pertaining to a firm’s performance for the last four periods. Compute the partial productivity and total productivity indexes for the company for each of the 4 periods. Present the results in a tabular form.
Assume Period – 1 as a base year
|Particulars||Period 1||Period 2||Period 3||Period 4|
|1. Finished goods produced||2500||2200||2800||3200|
|2. Work – in – progress||1200||1600||1000||4000|
|% of completion||60||50||30||15|
|Price per unit (Rs.)||1000||1200||1500||1700|
|3. Dividend from securities||12000||15000||28000||29000|
|Deflator for item (3)||1||1.11||1.12||1.5|
|1. Skilled labour (hrs)||10,000||12,000||12,000||10,000|
|Average wage Rate||60||70||75||75|
|2. Unskilled labour (hrs)||5000||8000||5000||3000|
|Wage Rate (Rs.)||30||40||40||50|
|Raw materials (tones)||20||18||23||25|
|Price per tonne||1200||1600||2000||2000|
|4. Total plant hrs worked||1800||2400||2500||2500|
|Plant hour rate||650||650||1500||2400|
|(i) Oil used (Its)||5000||3000||2000||1500|
|(ii) Coal (tonnes)||200||150||50||–|
|(iii) Electricity (KWH)||15000||18000||22000||30000|
|6. Other expenses|
|(i) Consulting fees||20000||–||40000||200000|
|(ii) Information expenses||10000||15000||28000||50000|
|Deflator for item (6)||1||1.2||1.3||1.3|
IX. (a) Explain MRP logic and what do you mean by time phasing.
(b) A company currently replenishes its stock of a certain item by ordering enough supply to cover one month’s demand. The annual demand of the item is 1500 units.
It is estimated that it costs Rs. 800 eveiy time an order is placed. The holding cost per unit inventory per month is Rs. 80 and no shortages allowed, (i) Determine the optimal order quantity and the time between orders (ii) Determine the difference in annual inventory costs between the current policy of ordering a month’s requirement and the optimal policy.