MB0041- FINANCIAL AND MANAGEMENT ACCOUNTING

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ASSIGNMENT

 

DRIVE FALL 2013
PROGRAM MBADS / MBAHCSN3 / MBAN2 / PGDBAN2 / MBAFLEX
SEMESTER I
SUBJECT CODE & NAME MB0041- FINANCIAL AND MANAGEMENT ACCOUNTING
BK ID B1624
CREDITS 4
MARKS 60

 

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

 

  1. 1 Inventory in a business is valued at the end of an accounting period, at either cost or market price, whichever is lower. This is accepted convention or a practice in accounting. Give a small introduction on accounting conventions and elucidate all the eight accounting conventions.

 

Answer : Accounting convention :

 

Guidelines that arise from the practical application of accounting principles. An accounting convention is not a legally-binding practice; rather, it is a generally-accepted convention based on customs, and is designed to help accountants overcome practical problems that arise out of the preparation of financial statements. As customs change, so to will accounting conventions. If an oversight organization, such as the Securities and Exchange Commission (SEC) or the Financial Accounting Standards Board (FASB) set forth a guideline that addresses the same topic as the accounting convention, the accounting

 

 

 

  1. 2 Write down a table with the accounts involved / the nature of account/its affects/ debit or
  2. Please have the transactions given below and prepare the table as per the instructions given above

for each transaction.

  1. 1.1.2011 Sunitha started his business with cash Rs. 5,00,000
  2. 2.1.2011 Borrowed from Malathi Rs. 5,00,000
  3. 2.1.2011 Purchased furniture Rs. 1,00,000
  4. 4.1.2011 Purchased furniture from Meenal on credit Rs. 1,50,000
  5. 5.1.2011 Purchased goods for cash Rs. 50,000
  6. 6.1.2011 Purchased goods from Ram on credit Rs. 2,50,000
  7. 8.1.2011 Sold goods for cash Rs. 1,25,000
  8. 8.1.2011 Sold goods to Shyam on credit Rs. 55,000
  9. 9.1.2011 Received cash from Shyam Rs. 25,000
  10. 10.1.2011 Paid cash to Ram Rs. 90,000

 

 

 

 

3 .From the given trial balance, draft an Adjusted Trial Balance.

Trial Balance as on 31.03.2013

Debit balances Credit balances
Furniture and Fittings 15000 Bank over draft 16000
Buildings 500000 Capital account 400000
Sales return 1000 Purchase returns 4000
Bad debts 2000 Sundry creditors 35000
Sundry debtors 25000 commissions 5000
purchases 90000 sales 235000
advertising 20000    
cash 10000    
Taxes and insurance 5000    
General expenses 7000    
salaries 20000    
total 695000 total 695000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjustments: 

  1. Charge depreciation at 10% on Buildings and Furniture and fittings.
  2. Write off further bad debts 1000
  3. Taxes and Insurance prepaid 2000
  4. Outstanding salaries 5000
  5. Commission received in advance1000

 

 

  1. 4 The reports prepared in financial accounting are also used in the management accounting. But there are few major differences between financial accounting and management accounting.

Explain the differences between financial accounting and management accounting in various

 

Answer : Differences between the financial and management accounting  :

 

Managerial accounting is concerned with providing information to managers i.e. people inside an organization who direct and control its operations. In contrast, financial accounting is concerned with providing information to stockholders, creditors, and others who are outside an organization. Managerial accounting provides the essential data with which organizations are actually run. Financial accounting provides the scorecard by which a company’s past performance is judged. Because it is manager oriented, any study of managerial accounting must be preceded by some understanding of what managers do, the information managers need, and the general business environment.

 

 

  1. 5 Draw the Balance Sheet for the following information provided by Sandeep Ltd..

 

  1. current ratio : 2.50
  2. liquidity ratio : 1.50
  3. net working capital : 300000
  4. stock turnover ratio : 6 times
  5. Ratio of Gross Profit to Sales : 20%
  6. Fixed Asset Turnover Ratio : 2 times
  7. Average Debt collection period : 2 months
  8. Fixed Assets to Net Worth : 0.80
  9. Reserve and Surplus to Capital: 0.50

 

 

 

Answer:

Preparation of Balance sheet (Includes all the ratios) 10

 

 

  1. 6 Write the main differences between cash flow analysis and fund flow analysis.

Following is the balance sheet for the period ending 31st   March 2011 and 2012. If the current

year’s net loss is Rs.38,000, Calculate the cash flow from operating activities.

 

 

    31st march
  2011 2012
Short-term loan to employees 15000 18000
creditors 30000 8000
Provision for doubtful debts 1200  
Bills payable 18000 20000
Stock in trade 15000 13000
Bills receivable 10000 22000
Prepaid expenses 800 600
Outstanding expenses 300 500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Answer : Differences between cash flow and fund flow analysis :

 

The difference between cash flow and funds flow is that cash flow is based on cash while funds flow is based on working capital. When writing accounting statements, the funds flow statement records the net increase or decrease in working capital while the cash flow statement records individual cash items.

A Cash Flow statement is a statement showing changes in cash position of the firm from one period to another. It explains the inflows (receipts) and outflows (disbursements) of cash over a period of time. The inflows of cash may occur from

 

 

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MB0040 – STATISTICS FOR MANAGEMENT

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ASSIGNMENT

 

DRIVE SUMMER 2014
PROGRAM MBADS / MBAHCSN3 / MBAN2 / PGDBAN2 / MBAFLEX
SEMESTER I
SUBJECT CODE & NAME MB0040 – STATISTICS FOR MANAGEMENT
BK ID B1731
CREDITS 4
MARKS 60

 

 

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

 

 

 

1 Distinguish between Classification and Tabulation. Explain the structure and components of a Table with an example.

Answer : Classification vs Tabulation

 

Both classification and tabulation are methods of summarizing data in statistics, which makes further analysis of data to draw inferences from the data. In this article, we will discuss in detail the two methods of summarizing the data and distinguish between classification and tabulation of data.

What is Classification of Data?

In statistics, classification is the process of separation of data into several classes or groups using properties in the data set. For example, the

 

 

2 a) Describe the characteristics of Normal probability distribution.

Answer : The Normal Probability Distribution is very common in the field of statistics.

Whenever you measure things like people’s height, weight, salary, opinions or votes, the graph of the results is very often a normal curve.

 

The Normal Distribution

A random variable X whose distribution has the shape of a normal curve is called a normal random variable.

 

 

b) In a sample of 120 workers in a factory, the mean and standard deviation of wages were Rs. 11.35 and Rs.3.03 respectively. Find the percentage of workers getting wages between Rs.9 and Rs.17 in the whole factory assuming that the wages are normally distributed.

 

Answer :

 

 

 

3 a) The procedure of testing hypothesis requires a researcher to adopt several steps.

Describe in brief all such steps.

Answer : Five Steps of Hypothesis Testing

 

The basic logic of hypothesis testing is to prove or disprove the research question.  By only allowing an error of 5% or 1% and making correct decisions based on statistical principles, the researcher can conclude that the result must be real if chance alone could produce the same result only 5% of the time or less. These five steps consists of

 

 

b) Distinguish between:

 

  1. Stratified random sampling and Systematic sampling

 

Answer : Stratified Random Sampling

Stratified Random Sampling, also sometimes called proportional or quota random sampling, involves dividing your population into homogeneous subgroups and then taking a simple random sample in each subgroup. In more formal terms:

Objective: Divide the population into non-overlapping groups (i.e., strata) N1, N2, N3, … Ni, such that N1 + N2 + N3 + … + Ni = N. Then do a

 

 

  1. Judgement sampling and Convenience sampling

 

Answer : Judgmental sampling is a non-probability sampling technique where the researcher selects units to be sampled based on their knowledge and professional judgment.

 

Purposive sampling is used in cases where the specialty of an authority can select a more representative sample that can bring more

 

 

4 a) What is regression analysis? How does it differ from correlation analysis?

 

Answer : Regression analysis:

 

In statistics, regression analysis is a statistical process for estimating the relationships among variables. It includes many techniques for modeling and analyzing several variables, when the focus is on the relationship between a

 

b) Calculate Karl Pearson’s coefficient of correlation between X series and Y series.

 

x 110 120 130 120 140 135 155 160 165 155
y 12 18 20 15 25 30 35 20 25 10

 

Answer :

 

5 Briefly explain the methods and theories of Business forecasting.

Answer : Business forecasting provides a guide to long-term strategic planning and helps to inform decisions about scheduling of production, personnel and distribution. These are common statistical tasks in business that are often done poorly and frequently confused with planning and setting of goals. The Programme in Business Forecasting introduces participants to forecasting techniques and provides a practical understanding of the main forecasting tools used by economists, as well as business, marketing and financial analysts.

 

Business Forecasting Methods

 

Q6 Construct Fisher’s Ideal Index for the given information and check whether Fisher’s formula satisfies Time Reversal and Factor Reversal Tests.

 

 

Items P0 Q0 P1 Q1
A 16 5 20 6
B 12 10 18 12
C 14 8 16 10
D 20 6 22 10
E 80 3 90 5
F 40 2 50 5

 

Answer :

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MB0039 –Business Communication

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ASSIGNMENT

 

DRIVE SUMMER 2014
PROGRAM MBADS/ MBAFLEX/ MBAHCSN3/ MBAN2/ PGDBAN2
SEMESTER 1
SUBJECT CODE & NAME MB0039 –Business Communication
BK ID B1622
Credit and Max. Marks 4 credits; 60 marks

 

Note – Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

 

1 As a speaker you are addressing a group of people. Explain the elements involved in this communication.

Answer : When two or more people are in the same place and are aware of each other’s presence, then communication is taking place, no matter how subtle or unintentional. Without speech, an observer may be using cues of posture, facial expression, and dress to form an impression of the other’s role, emotional state, personality and/or intentions. Although no communication may be intended, people receive messages through such forms of non-verbal behaviour.

 

 

 

 

2 What is the importance of Kinesics and Proxemics in communication? Explain with examples.

 

Answer : Nonverbal communication is the process of communication through sending and receiving wordless (mostly visual) cues between people. It is sometimes mistakenly referred to as body language (kinesics), but nonverbal communication encompasses much more, such as use of voice (paralanguage), touch (haptics), distance (proxemics), and physical environments/appearance.Typically overlooked in

 

 

 

3 How does internal business communication affect the organization? Discuss the role of each stakeholder in this.

Answer : Some of the forces impacting your small business are more challenging to master than others. The degree to which you can control them varies. At the same time, you can improve the state of internal and external factors effecting your

 

 

 

 

4 Imagine a new product from food industry. Write a persuasive letter to customers, persuading them to buy your company’s product.

Answer :  Sales letters can be extremely powerful; marketing studies show that they outperform other direct mail formats such as brochures and postcards. But before you get to see how effective sales letters are for yourself, you have to write one. Here’s how to write a sales letter that will wow your readers and persuade them to buy your product or service.

 

 

 

 

5 You are going to face a job interview for the post of Manager-operations. Which aspects you will keep in mind while facing the interview?

Answer : Find out what type of interview you can expect. The recruiter setting up your job interview can probably give you an idea ahead of time. If you have the opportunity, ask how long the interview will be and who will be on the panel? You can better tailor your answers when you understand the interview conditions.

 

 

 

 

6 Write short notes on:

a) SQ3R technique of reading

Answer : Meaning of SQ3R :

SQ3R is a tried and tested study strategy. It not only helps us to understand and remember but can also help us to identify the information we need to write an assignment. SQ3R is an active reading exercise that is designed to help us get a fuller understanding of your reading materials. We will need to keep a pen and some paper on hand to use this method.

SQ3R is an acronym which stands for

  • Survey (or Skim)
  • Question

 

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MB0038 – Management Process and Organisational Behaviour

 

 

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ASSIGNMENT

 

DRIVE SUMMER 2014
PROGRAM MBADS/ MBAFLEX/ MBAHCSN3/ MBAN2/ PGDBAN2
SEMESTER 1
SUBJECT CODE & NAME MB0038: Management Process and Organisational Behaviour
BK ID B1621
Credit and Max. Marks 4 credits; 60 marks

 

Note – Answer all questions. Each question is followed by evaluation scheme.

 

1 What do you mean by Span of Control? Differentiate between narrow span of control and wide span of control. Describe the factors that influence the span of control.

Answer : Span of control:

 

Span of control is the term now used more commonly in business management, particularly human resource management. Span of control refers to the number of subordinates a supervisor has.

In the hierarchical business organization of some time in the past it was not uncommon to see average spans of 1 to 4 or even less. That is, one manager supervised four employees on average. In the 1980s corporate leaders flattened many organizational structures causing average spans to move closer to 1 to 10. That was made possible

 

 

 

2 Define the term controlling. What are the pre-requisites of effective control?

 

Answer : Effective Management Control deals with a critical but relatively neglected and misunderstood aspect of organizational effectiveness: the process of controlling the behavior of people in organizations. The issue of organizational control and the design of an optimal control system is essential for the long term effectiveness of an organization: too little control can lead to confusion and chaos; conversely, too great a degree of control can result in the erosion of innovation and entrepreneurship.

 

 

 

 

3 Define the term ‘personality’. Describe Cattell’s Personality Factor Model.

 

Answer : Almost everyday we describe and assess the personalities of the people around us. Whether we realize it or not, these daily musings on how and why people behave as they do are similar to what personality psychologists do.

 

While our informal assessments of personality tend to focus more on individuals, personality psychologists instead use conceptions of personality that can apply to everyone. Personality research has led to the development of a number of theories that help explain how and why certain personality traits develop.

 

 

 

4 Discuss the contemporary theories of motivation.

Answer : Motivation is what influences or drives our actions and behaviours – usually towards a goal and a reward that satisfies our needs.

 

Employees are motivated when they expect that their actions are likely to achieve a goal or receive a reward that satisfies their needs.

 

Motivating employees is about influencing them to

 

 

5 What are the factors that affect group behaviour?

Answer : Many factors can affect how well groups and teams perform.  Among these are the cohesiveness of the group, the degree to which individual members conform to group standards, the roles and norms the group agrees to adopt and function by, the level and intensity of competition and conflict, and  – finally – the style and competence of group leadership.

Cohesiveness

 

 

6 Define the term ‘leadership’. Write a brief note on “Contingency Theories of Leadership”

 

Answer : What exactly makes a great leader? Do certain personality traits make people better-suited to leadership roles, or do characteristics of the situation make it more likely that certain people will take charge? When we look at the leaders around us – be it our employer or the President – we might find ourselves wondering exactly why these individuals excel in such positions.

 

People have long been interested in leadership throughout human history, but it has only been relatively recently that a number of formal leadership

 

 

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MB0048- OPERATIONS RESEARCH

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ASSIGNMENT

 

DRIVE SUMMER 2014
PROGRAM MBADS/ MBAFLEX/ MBAHCSN3/ MBAN2/ PGDBAN2
SUBJECT CODE & NAME MB0048- OPERATIONS RESEARCH
SEMESTER 2
BK ID B1632
CREDITS 4
MARKS 60

 

 

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

 

 

1 Discuss the various stages involved in the methodology of Operations Research. Briefly explain the techniques and tools of Operations Research.

Answer : The basic dominant characteristic feature of operations research is that it employs mathematical representations or models to analyse problems. This distinct approach represents an adaptation of the scientific methodology used by the physical sciences. The scientific method translates a given problem into a mathematical

 

 

 

2 a. Explain the steps involved in linear programming problem formulation. Discuss in brief the advantages of linear programming.

Answer : The procedure for mathematical formulation of a linear programming problem consists of the following major steps:

 

 

 

 

  1. Alpha Limited produces & sells two different products under the brand names black & white. The profit per unit on these products in Rs. 50 & Rs. 40 respectively. Both the products employ the same manufacturing process which has a fixed total capacity of 50,000 man-hours. As per the estimates of the marketing research department of Alpha Limited, there is a market demand for maximum 8,000 units of Black & 10,000 units of white. Subject to the overall demand, the products can be sold in any possible combination. If it takes 3 hours to produce one unit of black & 2 hours to produce one unit of white, formulate the model of linear programming.

 

Answer:-  A company has three operational departments (weaving, processing, and packing) with a capacity to produce three different types of clothes – suits, shirts, and woollens, yielding a profit of Rs.2, Rs.4, and Rs.3 per meter respectively. One meter of suiting requires 3 minutes of weaving, 2 minutes of processing, and 1 minute of packing. Similarly, one meter of shirting requires 4 minutes of weaving, 1 minute of processing, and 3 minutes of packing. One meter of woollen requires 3 minutes in each department. In a week, total run

 

 

 

 

3 a. What is degeneracy in transportation problem? How it can be resolved?

Answer : A basic solution to an m-origin, n destination transportation problem can have at the most m+n-1 positive basic variables (non-zero), otherwise the basic solution degenerates. It follows that whenever the number of basic cells is less than m + n – 1, the transportation problem is a degenerate one.

The degeneracy can develop in two ways:

Case 1 - The degeneracy develops while determining an initial assignment via any one of the initial assignment methods discussed earlier. To resolve degeneracy, you must augment the positive variables by as many zero-valued variables as is necessary to complete the required m + n – 1 basic variable. These zero-valued variables are selected in such a manner that the resulting m + n – 1 variable constitutes a basic solution.

 

 

 

 

 

 

 

 

  1. Solve the following transportation problem using Vogel’s approximation method. Factories Distribution Centres Supply

 

Answer :  Computation/Solution to the problem

Since total demand = 135 = total supply, the problem is balanced. The initial basic feasible solution is obtained by Vogel’s approximation method.

 

 

 

4 a. Explain the steps in Hungarian method. Differentiate between Transportation and Assignment problem.

Answer : Steps in Hungarian method

Hungarian method algorithm is based on the concept of opportunity cost and is more efficient in solving assignment problems. The following steps are adopted to solve an AP using the Hungarian method algorithm.

Step 1: Prepare row ruled matrix by selecting the minimum values for each row and subtract it from the other elements of the row.

 

 

 

  1. Find the optimal assignment of four jobs and four machines when the cost of assignment is given by the following table:

 

Answer :

 

 

 

5 Define Simulation. Explain the Simulation procedure. Discuss the use of Simulation with an example.

Answer : Simulation is the imitation of the operation of a real-world process or system over time.[1] The act of simulating something first requires that a model be developed; this model represents the key characteristics or behaviors/functions of the selected

 

 

 

6 Explain the following:

  1. Integer programming model

Answer : Integer programming is concerned with optimization problems in which some of the variables are required to take on discrete values. Rather than allow a variable to assume all real values in a given range, only predetermined discrete values within the range are permitted. In most cases, these values are the integers giving rise

 

 

  1. PERT and CPM

Answer : Project management is an important part of every business enterprise. Whenever a new product or service is launched; when embarking on a marketing campaign; or when organizing any new projects; project management is needed to make everything organized and successful.

As all projects consume resources such as

 

 

 

 

  1. Operating Characteristics of a Queuing System

Answer : Characteristics of a queuing system that impact its performance, for example, queuing requirements of a restaurant will depend upon factors like:

  • How do customers arrive in the restaurant? Are customer arrivals more during lunch and dinnertime (a regular restaurant)? Or

 

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MB0046- Marketing Management

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ASSIGNMENT

 

DRIVE SUMMER 2014
PROGRAM MBADS/ MBAFLEX/ MBAHCSN3/ MBAN2/ PGDBAN2
SUBJECT CODE & NAME MB0046- Marketing Management
BK ID B1629
SEMESTER 2
CREDITS 4
MARKS 60

 

 

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

 

 

  1. 1 Explain the steps in Business Buying process.

 

Ans : Characteristics of Organisational Buyer :

 

  1. Derived Demand

 

Organizational buying is based on derived demand. Demand made by the ultimate consumers creates demand for industrial goods or services.

 

 

  1. 2 A brand is a composite set of beliefs and associations in the mind of consumers. In brand

development, as a part of branding strategy decision, the brand manager can decide to create new brand elements for the new products, apply some of the existing brand elements to the new product, or use a combination of existing and new brand elements to the existing and new products. Explain the different branding strategies used by the companies for their range of products.

 

Ans:  Definition of Brand :

 

Brand is the “name, term, design, symbol, or any other feature that identifies one seller’s product distinct from those of other sellers.” Brands are used in business, marketing, and advertising. Initially, livestock branding was adopted to differentiate one person’s cattle from another’s by means of a distinctive symbol burned into the animal’s skin with a hot branding iron. A modern example of a brand is Coca-Cola which

 

 

  1. 3 Explain the classification of market based on nature of Competition and area.

 

Ans : Definition of market :

 

Usually, Market means a place where buyer and seller meets together in order to carry on transactions of goods and services. But in Economics, it may be a place, perhaps may not be. In Economics, market can exist even without direct contact of buyer and seller. This fact can be explained with the help of the following statement. Generally market is the place where buyers and sellers are physically present and finalize the transaction.

 

  1. 4 Personal selling focuses in on ‘personal’ or ‘one to one’ selling. It involves an individual salesman or a sales team establishing and building a profitable relationship with customers over a period of time through a series of steps. Explain the steps in the personal selling process which helps in the successful sales.

 

Ans : Personal Selling :

 

Personal selling is selling technique involved between person to person and between the prospective buyer and seller. Personal selling consists of human contact and direct communication rather than impersonal mass communication

 

 

 

  1. 5 Describe the stages in consumer decision making process.

 

Ans :  Stages in consumer decision making process :

 

A consumer goes through several stages before purchasing a product or service.

 

Stage 1 – Need :

 

Need is the most important factor which leads to buying of products and services. Need in fact is the catalyst which triggers the buying decision of individuals. An individual who buys cold drink or a bottle of mineral water identifies his/her need as

 

 

  1. 6 Do you think the argument of some theorists that the traditional Ps are not enough for

services marketing? Give suitable examples to prove your point.

 

Ans: Service Marketing :

 

Services marketing is a sub field of marketing which covers the marketing of both goods and services. Goods marketing includes the marketing of fast moving consumer goods (FMCG) and durables. Services marketing typically refers to the marketing of both business to consumer (B2C) and business to business (B2B) services.

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MB0051-Legal Aspects of Business

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ASSIGNMENT

 

DRIVE FALL SUMMER 2014
PROGRAM MBADS/ MBAFLEX/ MBAHCSN3/ MBA – SEM 3

PGDBMN/ PGDENMN/ PGDFMN/ PGDHRMN/ PGDHSMN/ PGDIB/ PGDISMN/ PGDMMN/ PGDOMN/ PGDPMN/ PGDROMN/ PGDSCMN/ PGDTQMN – SEM 1

SUBJECT CODE & NAME MB0051-Legal Aspects of Business
BK ID B1725
CREDITS 4
MARKS 60

 

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

 

 

  1. 1. Explain the performance of contracts

 

Answer: Definition

Execution of a contract by which the contracting parties are automatically discharged (see discharge of contract) of their obligations under it. Although contracts usually call for full and precise performance, a substantial performance may be acceptable under certain circumstances, on a pro rata basis, or on payment of damages for the unfinished or defective performance.  Execution of the terms of a contract after which the involved parties are discharged from their duties, as listed within the contract. A payment is usually made

 

 

  1. 2. Elaborate the rights of surety.

 

Answer: Rights of Surety can be classified into three groups, as follows;

  1. Rights against Principal debtor.
  2. Rights against Creditor.
  3. Rights against Co-Sureties.

 

 

 

  1. 3. Discuss the termination of bailment.

 

Answer: A contract of bailment is voidable at the option of the bailor, if the bailee does any act with regard to the foods bailed, inconsistent with the conditions of the bailment.For example, A lets to B, for hire, a horse of his own riding B drives the horse in his carriage. This is, at the option of A, a termination of the bailment.

 

Law relating to termination of bailment is

 

  1. 4. Explain the performance of a contract of sale of goods.

 

Answer: Performance of a contract of sale implies a duty of the seller to deliver the goods, and of the buyer to accept the delivery of the goods and make payment in accordance with the terms of the contract (sec. 31).

 

Delivery of goods sold may be made by doing anything which the parties agree shall be treated as delivery or which has the effect of putting the goods in the possession of the buyer or of any person authorized by him (Sec. 33).

 

 

 

 

  1. 5. Discuss the law related to the prohibition of anti-competitive agreements.

 

Answer: Agreements which cause or are likely to cause appreciable adverse effect on competition are anti-competitive agreements. Horizontal agreements are those that are between enterprises at the same stage of the production chain. For example, agreement between two rivals is a horizontal agreement. In cases of agreements between rivals for fixing prices or for limiting production or for sharing markets, there is a presumption in the Act that such agreements cause appreciable adverse effects on competition.

the implications of anti-competitive agreements and

 

  1. 6. Explain the need and types of meetings.

 

Answer: Members of a company discuss organizational issues and other agenda through a personal gathering or through a conference call. A meeting is a routine activity in a company. It is even part of the weekly itinerary of many working individuals and business people. Meetings can be formal or informal, but for the most part, organizational meetings usually take a formal setting where preparation must be done to properly plan and execute the meeting.

There are various types of meetings that may depend on its nature and the objectives or purpose of the gathering. Any company can utilize a particular type of meeting according to what the participants aim to achieve after the conference.

 

Need for meeting: Formulating a set of

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