M.Com

St. Joseph’s College of Commerce M.Com. 2013 IV Sem Business Policy And Strategic Management Question Paper PDF Download

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ST.JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS0

END SEMESTER EXAMINATION – MARCH/ APRIL 2013

M.Com. – IV Semester

Business Policy and Strategic Management

Duration: 3 Hrs                                                                                            Max. Marks: 100 

Section – A

  1. Answer Seven questions out of Ten.                      ( 7 x 5 = 35)

 

  1. Differentiate between “intended and realized strategies”? Substantiate with examples.

 

  1. What is meant by empowerment of the board? Mention three aspects for empowering the

board.

 

  1. State five major categories of financial ratios of a company. Briefly explain each of them.

 

  1. Discuss situations when it is best to pursue stability strategy.

 

  1. Is there any ideal or best organization structure? Discuss.

 

  1. Explain SBU structure with a diagram.

 

  1. Enunciate the Directional Policy Matrix pioneered by Shell company.

 

  1. Define strategic allegiance. Discuss the objectives behind strategic allegiance.

 

  1. Comment on the major areas which govern HRM policies and functions?

 

  1. What are the major characteristics of an effective strategy evaluation system?

 

Section – B

  1. Answer any Three questions out of five.           ( 3 x 15 = 45 )

 

  1. What is the difference between corporate mission and corporate objectives? Write on important guidelines for objective setting? Give one example each of good objective setting and bad objective setting.
  2. Distinguish between core competence, distinctive competence, strategic competence and threshold competence. Use Examples.
  3. What is the general strategy of industry leaders? Differentiate and explain five attack or offensive strategies of challengers?
  4. Analyze marketing policies and plans with respect to strategy implementation in terms of 4-Ps and marketing mix application.
  5. Who are participants in strategic evaluation system? Explain the strategic controls in the implementation process?

Section – C

  • Compulsory Case study                                                                                  (1 x 20 = 20)

 

The Evolution of Strategy at Procter and Gamble.

Founded in 1837, Cincinatti-based Procter and Gamble has long been one of the world’s most international companies. Today, P&G is a global colossus in the consumer products business, with annual sales in excess of $ 68 billion, some 56% of which are generated outside the United States. P&G sells more than 300 brands – including Ivory soap, Tide Pampers, IAMS pet food, Crisco, Gillette and Folgers- to consumers in 180 countries. It has production operations in 80 countries and employs close to 138, 000 people globally.

P&G established its first foreign factory in 1915 when it opened a plant in Canada to produce Ivory soap and Crisco. This was followed in 1930 by the establishment of the company’s first foreign subsidiary in Britain. The pace of international expansion quickened in the 1950s and 1960s as P&G expanded rapidly in western Europe, and then again in the 1970s when the company entered Japan and other Asian nations. Sometimes P&G entered a nation by acquiring an established competitor and its brands, as occurred in the case of Great Britain and Japan, but more typically the company set up operations from the ground floor.

By the late 1970s, the strategy at P&G was well established. The company developed new products in Cincinnati and then relied on semi autonomous foreign subsidiaries, to manufacture, market, and distribute those products in different nations. In many cases, foreign subsidiaries had their own production facilities and tailored the packaging, brand name and marketing message to local tastes and preferences. For years, this strategy delivered a steady stream of new products and reliable growth in sales and profits. By the 1990s, however, profit growth at P&G was slowing.

 

The essence of the problem was simple; P&G’s costs were too high because of extensive duplication of manufacturing, marketing and administrative facilities in different national subsidiaries. The duplication of assets made sense in the world of the 1960s, when national markets were segmented from each other by barriers to cross-border trade. Products produced in Great Britain, for example, could not be sold economically in Germany due to high tariff duties levied on imports into Germany. By the 1980s, however, barriers to cross-border trade were falling rapidly worldwide and fragmented national markets were merging into larger regional or global markets.  Also the retailers through which P&G distributed its products, such as Wal-Mart, Tesco in the United Kingdom and Carrefour in France, were growing larger and more global. These emerging global retailers were demanding price discounts from P&G.

In 1993, P&G embarked on a major reorganization in an attempt to control its cost structure and recognize the new reality of emerging global markets. The company shut down some thirty manufacturing plants around the globe, laid off 13,000 employees and concentrated production in fewer plants that could better realize economies of scale and serve regional markets. These actions cut some $600 million a year out of P&G’s cost structure. It wasn’t enough! Profit growth remained sluggish.

In 1998, P&G launched its second reorganization of the decade. Named Organization 2005, its goal was to transform P&G into a truly global company. The company tore up its old organization, which was based on countries and regions, and replaced it with one based on seven self-contained global business units, ranging from baby care to food products. Each business unit was given complete responsibility for generating profits from its products, and for manufacturing, marketing and product development. Each  business unit was told to rationalize production, concentrating it in fewer, larger facilities; to build global brands wherever possible, thereby  eliminating marketing differences among countries; and to accelerate the development and launch of new products. In 1999, P&G announced that, as a result of this initiative, it would close another ten factories and lay off 15, 000 employees, mostly in Europe where there was still extensive duplication of assets. The annual cost savings were estimated to be about $ 800 million. P&G planned to use the savings to cut prices and increase marketing spending in an effort to gain market share and thus further lower costs through the attainment of scale economies. This time the strategy seemed to be working. Between 2003 and 2006, P&G reported strong growth in both sales and profits. Significantly, P&G’s global competitors, such as Unilever, Kimberly Clark and Colgate Palmolive, were struggling in 2003 to 2006.

 

Questions:

 

  1. What strategy was Procter and Gamble pursuing until the late 1990s?

 

  1. Why did this strategy succeed for so many years? Why was it no longer working by the 1990s?

 

  1. What strategy did P&G adopt in the late 1990s and early 2000s? Does this strategy make

more sense? Why?

 

 

 

St. Joseph’s College of Commerce M.Com. 2013 II Sem Enterprise Resource Management Question Paper PDF Download

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ST.JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS0

END SEMESTER EXAMINATION – MARCH/ APRIL 2013

M.Com. – IV Semester

ENTERPRISE RESOURCE Management

Duration: 3 Hrs                                                                                                         Max. Marks: 100 

Section – A

  1. Answer any SEVEN Each carries five marks.        (7 x 5 = 35)
  2. Explain the ERP Benefits
  3. Give explanation the concept “SITE Methodology” in implementation of ERP?
  4. What are the steps involved in the ERP implementation life cycle?
  5. What are the Selection criteria for ERP Packages?
  6. Explain the sub-system of sales and distribution module

(i) Order Management          (ii) Customer Management

  1. What are the subsystems in a Human Resource Management Module?
  2. Differentiate ERP and E-Commerce.
  3. Discuss how ERP helps in better decision-making?
  4. Define Supply Chain Management. Explain advantages of S.C.M.?
  5. Explain essential element of Business Process Re-engineering?

 

Section – B

 

  1. Answer any THREE questions. Each carries 15 marks.            (3 x 15   = 45)

 

  1. Explain with examples the conceptual model of ERP and its evolution.
  2. What is Business Process Re-engineering? Why it is required? Who needs it

and steps involved in Business Process Re-engineering.

  1. Write short notes on (1) Vendors (2) Consultants (3) End Users.

 

P.T.O……

  1. What are the components of Supply Chain Management (SCM)? and also

discuss the SCM’s various tasks.

  1. What are the factors that are essential for the successful

implementations of ERP?

 

Section – C

  • Compulsory Case study (1 x 20 = 20)

16.

Examine and make Comment evidently on the following:

 

(a) “A company’s strategic plan, its attitude towards the use and integration of

Information and technology and its financial position are the key factors in determining the information related direction it takes”.

 

(b) What impact would “Research and Development” and “Information Explosion “have on the need for by management in a manufacturing company?

 

 

 

St. Joseph’s College of Commerce M.Com. 2013 II Sem Strategic Human Resource Management Question Paper PDF Download

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  1. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)

End Semester EXAMINATIONS – APRIL 2013

m.com – ii semester

Strategic Human Resource Management

Duration: 3 Hrs                                                                                                Max. Marks: 100

SECTION – A

  1. Answer any seven of the following.                           (7×5=35)
  2. Answer True or False in the following;

(a). Organizations are not static things and changes constantly takes place in the environment in which business operates.

(b). SHRM is concerned with analysing the opportunities and threats existing in the external environment.

(c).  A large firm active in a number of industries may adopt a combination strategy.

(d).  One of the main objectives of providing Fringe Benefits and Service Programmes  is  to recruit and retain the best talents.

(e). “Minimum Wage” and “Living Wage” do not differ in their meaning.

  1. Define the term Strategy. Give the features of Strategy.
  2. Give the reasons for Industrial disputes.
  3. Give the meaning of the terms  (a) E-HRM,   (b). Compensation.
  4. “Safety measures implemented in the organizations will succeed only when employees at all levels are educated in safety methods and procedures adopted in the organizations”. Highlight the Activities involved in “safety education and training” programmes.
  5. Explain the (a)Time-Rate and     (b)Piece rate system of wage payment
  6. Explain some of the causes of Fatigue.
  7. What do you mean by HR Management? State its objectives.
  8. Explain the meaning of Work Environment. Explain the factors which influences work environment.
  9. Explain Requisites for an effective PerformanceAppraisal .

SECTION – B

  1. Answer any three of the following:                    (3×15=45)
  2. What is E-Recruitment? Give its advantages. Also explain the Centralized and Decentralized form of Recruitment.
  3. “HR managers have adopted a proactive approach in this current trend of revolutionary changes in the business.” Explain the major challenges before HR manager. Also explain the ethical issues involved in HRM.
  4. Explain the meaning of Strategic Human Resource Management. Explain its merits and demerits.
  5. Give the benefits of training. What do you mean by Training need analysis/assessment. Explain the three levels at which need assessment is carried out.
  6. What do you mean by Industrial Accidents? Explain the causes of industrial accidents and the ways of avoiding Industrial accidents.

SECTION – C

  • CASE STUDY – Compulsory question. (1×20=20)

Mr.Naik, AGM Materials is fuming and fretting. He bumped into Mr.Kamath, GM Materials, threw the resignation letter on his table, shouted  and walked out of the room swiftly.

Naik has reasons for his sudden outbursts. Perhaps, details of the story will tell why he put in his papers, barely four months after he took up his present assignment.

The year was 2005 when Naik quit the prestigious SAIL plant at Vishakhapatnam. As a manager materials, Naik enjoyed powers- he could even place an order for materials worth Rs. 25 lakhs. He needed nobody’s prior approval.

Naik joined a pulp-making plant located at Harihar in Karnataka, as AGM Materials. The plant is a part of the multi-product and multiplant-conglomerate owned by a prestigious business house in India. Obviously, perks, designation and reputation of the conglomerate lured Naik away from the public sector steel monolith.

When he joined the eucalyptus pulp making company, little did Naik realised that he needed  the prior approval to place an order for materials worth Rs. 12 lakhs. He had presumed that he had the authority to place an order by himself worth half the amount of what he used to do at the mega steel maker. He placed the order, materials arrived, were received, accepted and used up in the plant.

Trouble started when the bill for Rs. 12 lakhs came from the vendor. The accounts department withheld payment for the reason that the bill was not endorsed by Kamath. Kamath refused to sign on the bill as his approval was not taken by Naik before placing the order.

Naik felt fumigated and cheated. A brief encounter with Kamath only aggravated the problem. Naik was curtly told that he should have known company rules before venturing .Naik decided to quit.

Q.16.  Does the company have an Orientation programme ?if yes, how effective is it.?

  1. 17. If you were Naik what would have you done?

 

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St. Joseph’s College of Commerce M.Com. 2013 II Sem Security Analysis & Portfolio Management Question Paper PDF Download

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  1. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)

End Semester Examinations –  April 2013

m.com – ii semester

sECURITY ANALYSIS & PORTFOLIO MANAGEMENT

Duration: 3 Hrs                                                                                                Max. Marks: 100

Section – A

  1. Answer any SEVEN questions.             (           7 x 5 = 35)

 

Question 1

 

Y ltd. retains Rs.7, 50,000 out of its current earnings. The expected rate of return to the shareholders if they had invested the funds elsewhere is 10%. The brokerage is 5% and the shareholders come in 20% tax bracket. CDT payable by company on dividend distributions made by it is 30%. Find the cost of retained earnings.

Question 2

 

  1. Explain CAPM equation used for computing Re ?
  2. Explain the graphical representation of CAPM i.e; SML

 

Question 3

 

How do you compute cost of debt in case of redeemable debentures? Explain with the help of an example?

 

Question 4

 

Explain the role of credit rating agencies? What procedure is followed by them in evaluating the prospective client?

 

Question 5

 

Give a brief note on support and resistance levels?

 

Question 6

 

Explain the long straddle strategy in respect of stock of Infy having an Exercise price of 1110. The call option on the same is selling for Rs. 45 and put option for Rs. 125. Also show the payoff taking 5 different hypothetical stock price on maturity?

 

Question 7

 

Distinguish between Mutual funds and Hedge Funds?

 

Question 8

 

  1. When will you go long on a Call option?
  2. When will you go short on a put option?

 

 

Question 9

 

Explain the difference between open ended and close ended funds?

 

Question 10

 

Distinguish between equity shares and preference shares?

 

Section – B

  1. Answer any THREE questions.                                      (3 x 15 = 45 )

 

Question 11

 

X Ltd proposes to replace an old machine by a new machine. The old machine has a book value of INR 40 lacs and can be immediately sold for INR 70 lacs. If not sold today, it will have negligible salvage value at the end of 5 years from now. The new machine cost INR 200 lacs and has a life of 5 year at the end of which it is expected to have a salvage value of INR 80 lacs. This replacement is expected to result in cost savings to the extent of INR 42 lacs per year for 5 years. Depreciation @ 20% WDV, Tax rate = 30% applicable to Capital Gains also. Kc = 13%. Appraise the replacement project?

 

Question 12

Based on the following information, determine the NAV of a regular income scheme on per unit basis:

 

Particulars Amount

(INR in crores)
Listed shares at cost (ex-dividend) 20
Cash in hand 1.23
Bonds and debentures at cost 4.3
Of these, bonds not listed and quoted 1
Other fixed interest securities at cost (assuming to be at par) 4.5
Dividend accrued 0.8
Amount payable on shares 6.32
Expenditure accrued 0.75
Number of units (INR 10 face value) 20 lacs
Current realizable value of fixed income securities of face value of INR 100 106.5
The listed shares were purchased when index was 1,000
Present Index is 2,300
Value of listed bonds and debentures at NAV date 8

 

There has been a diminution of 20% in unlisted bonds and debentures.

 

Question 13

  1. If we have a 12% INR 1,000 face value 10 year bond presently trading at a discount of 3% redeemable at a premium of 5% and paying a coupon semi-annually. Calculate the YTM of the bond.

 

  1. b) Consider annual coupon and compute post-tax YTM given tax rate 30% and C.G. tax rate 10%. When will realised yield same as YTM?

 

     Question 14

Current share price of Reliance is INR 480. It has paid a dividend of INR 15 for the current year. This DPS is expected to remain same for the next 2 years. After which it will grow at the rate of 25% p.a. for the years 3 to 5 and finally grow at a constant rate of 12% pa forever thereafter. If Re is 14% what should be the share price.

 

Question 15

 

On Jan 1, the stock of TISCO trades at 600. 1 monthfuture on the stock trades at 590. Risk free interest rate is 10% p.a and annualized dividend yield on the stock is 6%. Lot size is 600 Shares.

  1. Find out the theoretical future price.
  2. Check out for the arbitrage opportunity and show the process of arbitrage if price on maturity happens to be

Case 1 Rs. 500     Case 2 Rs. 700

Section – C

  • Compulsory Case study                                        (1 x 20 = 20 )       
  1. The historical rate of returns of two securities over the past 10 years are given. Calculate the covariance and the correlation coefficient of the two securities:

 

Years : 1 2 3 4 5 6 7 8 9 10
Security 1

(Return %)

 : 12 8 7 14 16 15 18 20 16 22
Security 2

(Return %)

 : 20 22 24 18 15 20 24 25 22 20

 

Further explain the significance of positive, zero and negative correlation between two securities?

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St. Joseph’s College of Commerce M.Com. 2013 II Sem Operations Research For Business Decisions Question Paper PDF Download

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  1. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)

End Semester Examinations –  April 2013

m.com – ii semester

Operations Research for Business Decisions

Duration: 3 Hrs                                                                                                Max. Marks: 100

SECTION – A

  1. I) Answer any SEVEN Each carries FIVE  marks.                                                      (7 x 5 = 35)
  2. The Handy- Dandy company wishes to schedule the production of a kitchen appliance that requires two resources- labour and material. The company is considering three different models and its production engineering department has furnished the following data. Supply of raw material is restricted to 200 Kgs. Per day. The daily availability of labour is 150 hrs. formulate a linear programming model to determine the daily production rate of the various models in order to maximize the total profit. Formulate the problem and write the dual.
  Models
  A B C
Labour ( hrs per unit) 7 3 6
Material ( kgs. Per unit) 4 4 5
Profit ( Rupees per unit) 40 20 30

 

  1. Use graphical method to solve the following Linear Programming Problem.

Minimize Z= 40x + 36y

Subject to constraints

X<=8

Y<=10

5X + 3Y >=45

Where x, y  >=0

  1. Define Operation Research. Explain the main phases of an OR study.
  2. Which are the special variables used in Simplex and Big M Method. Explain how and why they are used? What do they indicate?
  3. Explain the terms: i) feasible solution     ii) optimal solution     iii) unrestricted variables
  4. iv) Unbounded solution v) redundancy constraint
  5. Using least cost method find an initial solution to the transportation problem to maximize profit.
To->

From

 D1 D2 D3 D4 Availability
S1 40 25 22 33 100
S2 44 35 30 30 30
S3 38 38 28 30 70
Requirement 40 20 60 30  

 

  1. In an Assignment problem explain the following special cases
  2. i) unbalance                ii) maximization            iii) Prohibited assignment
  3. iv) multiple optimal solution    v) travelling salesman problem
  4. Give some applications of queuing theory and explain the terms
  5. i) queue         ii) traffic intensity         iii) service channel          iv) queue discipline      v) balking
  6. A confectioner sells confectionery items. Past data of demand per week in hundred kilograms with frequency is given below:
Demand/week 0 5 10 15 20 25
Frequency 2 11 8 21 5 3

Using the following sequence of random numbers, simulate the demand for the next 10 weeks. Also find the average demand per week.

Random Numbers: 35, 52, 90, 13, 23, 73, 34, 57, 37, 83

  1. Define dynamic programming problem. List and explain the terminologies of dynamic programming problem.

SECTION –  B

III)   Answer any THREE questions.  Each carries FIFTEEN marks.                                                   (3×15 = 45)

  1. Solve the following LPP using Simplex Method

Maximize Z= 3x + 2y

Subject to,

-x +2y <= 4

3x + 2y <=14

X – y <=3

Where x, y >= 0

  1. Stronghold construction Company is interested in taking loans from banks for some of its projects P, Q, R, S, T. the rates of interest and the lending capacity differ from bank to bank. All these projects are to be completed. The relevant details are provided in the following table. Assuming the role of a consultant, advice this company as to how it should take the loans so that the total interest payable will be the least. Are there alternate optimal solution? If so indicate one such solution.
Bank Interest rates in

% for projects

 Maximum

Credits

( in thousands)
P Q R S T
Pvt.  Bank 20 18 18 17 17 Any amount
Nationalised Bank 16 16 16 15 16 400
Co-operative Bank 15 15 15 13 14 250
Amount required

( in thousands)

 200 150 200 125 75  

 

  1. A company has four sales representatives who are assigned to four different sales territories. The monthly sales increase estimated for each sales representative for different sales territories ( in lakh rupees) are shown in the following table. Suggest an optimal assignment and the total maximum sales increase per month. If for certain reasons sales representative ‘B’  cannot be assigned to sales territory III, will the optimal assignment schedule be different? If so find that schedule and effect on total sales.
Sales Territories->

Sales

Representatives

 I II III IV
A 200 150 170 220
B 160 120 150 140
C 190 195 190 200
D 180 175 160 190

 

 

 

 

 

 

  1. The extension counter of the Citizen’s bank in the premises of a state university enrolls all new customers (students) in savings bank accounts. In the month of August , as the classes begin a lot of new accounts have to be opened for new students enrolled. The bank manager estimates that the arrival rate during this period will be poisson distributed with an average of 3 customers per hour. The service is exponentially distributed with an average of 15 minutes per customer to set up a new account. The bank manager wants to determine the operating characteristics for this system to know whether the current strength of one server is sufficient to handle the increased traffic. Analyse the problem by determining all factors connected with the queueing system.
  2. Solve the following capital budgeting problem using dynamic programming.

An organization is planning to diversify its business with a maximum outlay of 5 crores. It has identified three different locations to install plants. The organization can invest in one or more of these plants subject to the availability of these funds. The different possible alternatives and their investment (in crores of rupees) and present worth of returns during useful life (in crores of rupees) of each of these plants are summarized in the table. Find the optimal allocation of the capital to different plants which will maximize the corresponding sum of the present worth of returns.

Alternatives Plant1 Plant2 Plant3
Cost Return Cost Return Cost Return
1 0 0 0 0 0 0
2 1 15 2 14 1 3
3 2 18 3 18 2 7
4 4 28 4 21 – –

 

 

 

 

 

Section – C

III)  Compulsory Question .                                                                                                                       (1×20=20)

  1. The casualty room of a hospital receives between zero and six emergency calls each night according to the following probability distribution.
calls 0 1 2 3 4 5 6
probability 0.05 0.12 0.15 0.25 0.22 0.15 0.06

 

The medical team at the casualty room classifies each emergency call into one of the three categories: minor, medium or major emergency. The probability that a particular call will be each type of emergency is as below:

Emergency

Type

 Minor Medium Major
Probability 0.30 0.56 0.14

 

The type of emergency call determines the size of the medical team scheduled to treat the emergency. A minor emergency requires two person medical team, a medium emergency requires three person medical team and a major emergency requires five person medical team.

Simulate the emergency calls received for 10 nights, compute the average number of each type of emergency call each night and determine the maximum number of medical team members  that may be required on any given night.

Random Numbers:

Number of calls during ten nights:  65, 48, 08,05, 89, 06, 62, 17, 77, 68

Emergency type for each call :  71, 18, 12, 17, 89, 18, 83, 90, 18, 08,

26, 47, 94, 72, 47, 68, 60, 88, 36, 43,

28, 31, 06, 39, 71, 22, 76.

 

St. Joseph’s College of Commerce M.Com. 2013 II Sem Marketing Strategies And Planning Question Paper PDF Download

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  1. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)

END SEMESTER EXAMINATION – APRIL 2013

M.COM – II SEMESTER

     MARKETING STRATEGIES AND PLANNING

Duration: 3 Hours                                                                                        Max. Marks: 100

Section – A

  1. Answer any seven                                    (7X5=35)

 

  • “Industrial marketing is more complex than consumer marketing”. Explain your answer?
  • Within the framework of STP, explain the segmentation variables used in industrial markets?
  • Describe the various phases in buying decision process?
  • Channel design is a dynamic process? Comment
  • Explain the Sheth Model of industrial buying behavior?
  • Discuss the Michael porter’s generic strategic framework used in formulating strategy at SBU level?
  • Explain in detail the buy grid framework?
  • Discuss the unique nature of high tech marketing strategy?
  • Describe the main purchasing practices that will guide a company in taking purchase decisions. Also mention the organization customers involved?
  • Explain the various types of E-commerce. What all can be the Non technical drawbacks?

Section – B

  1. Answer any three                           (3X15= 45)

 

  • Describe the steps to be followed for developing a positioning strategy for a Small Scale motor manufacturer in a highly competitive market. Also explain the target market strategies that can be adopted?
  • Marketing logistics or physical distribution consists of various activities. Describe the main tasks involved and differentiate supply chain management and logistics management.
  • Explain the process of new product development and the application of product life cycle theory to market strategies?
  • A leading computer software company wants to introduce a new high tech software package to industrial market segments. Explain the various pricing strategies that can be adopted by the company and the factors to be considered in pricing decisions?
  • Indicate the steps involved in carrying out strategic planning at corporate level. Also explain the methods used to decide the allocation of resources to SBU’s.

 

Section – C

  • Compulsory case study.                        (1X20 = 20)

 

  • Marriott International, Inc is a leading worldwide hospitality company. Its heritage can be traced to a small hotel opened in Washington.D.C in 1972 by J.Willard and Alice. S. Marriott. As of 2010, Marriott International has nearly 3000 lodging properties located in the United States and 69 other countries and territories. Its brands include Marriott, Renaissance, Courtyard, Residence Inn and Ramada international.

The Marriott International is planning for a further expansion and diversification of its activities. Explain the marketing research process to be undertaken by the Marriot managers in order to have a better understanding of the market and the customer.

 

 

 

 

 

St. Joseph’s College of Commerce M.Com. 2013 III Sem French Question Paper PDF Download

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                                    ST.JOSEPH’S COLLEGE of COMMERCE. (AUTONOMOUS)

                                           END SEMESTER EXAMINATION MARCH 2013

FRENCH

MIB II

MARCH – 2013.

 

TIME: 2:30hrs                                                                                                                  Max Marks: 80

Dictionary not allowed.

  1. Mettez les adjectifs possessifs : Leurs, mon, ton, notre, sa (5)
  2. J’ai un chien. Il s’appelle Browny. __________ chien est petit et il a quatre pattes.
  3. Moi et ma famille habitent à Sanjay Nagar dans un appartement. ___________ appartement est grand et clair.
  4. Mon ami qui s’appelle Céline a une voiture. __________ voiture rouge est stationnée dans la rue.
  5. pierre et Vincent ont beaucoup de livres. Ils ont rangé ____________ livres sur la table.
  6. Tu habites à vivek Nagar ? ____________ quartier est près de Koramangala ?
  7. Remplissez avec les propositions de nom de pays : à, aux, en, des, d’, du. (6)
  8. J’habite __________ Inde.
  9. Je vis ___________ Madagascar.
  10. je suis née __________ Pays-Bas.

MAIS

  1. la première lettre vient ________ Brésil.
  2. la deuxième lettre vient _______ Iran.
  3. La troisième lettre _______ Philippines.

III. Mettez les prépositions suivantes : près, en face de, dans, devant                                       (4)

L’université de St.Joseph’s se trouve ___________________ la rue Brigade, ______________ l’église St Patrick. ___________________  l’université on voit « krantiSweets » et elle se situe __________ du centre commercial « Eva ».

  1. Posez les questions pour les réponses données : (6)
  2. __________________________________________________________________________ ?

Réponse : J’habite à Sahakar Nagar.

  1. __________________________________________________________________________ ?

Réponse : J’aime le parc de Lalbagh parce que c’est très tranquille.

3.__________________________________________________________________________ ?

Réponse : Je m’appelle Sandrine.

  1. Complétez avec les adjectifs possessifs : Cette, ces, ce, cet (4)
  2. Pourquoi le bus ne s’arrête pas à ­­­­­­­­­­­­­­­­­­­­_________________ endroit?
  3. ____________ château est magnifique.
  4. Il y a cinq chambres chez moi. Mais je partage __________ chambre rouge avec ma sœur.
  5. Regarde ___________ garçons, ils jouent très bien.
  6. Conjuguez les verbes entre les parenthèses : (6)
  7. Moi et ma belle-mère ___________ (faire) du shopping à Jayanagar.
  8. Je ________________ (prendre) le bus no027 pour aller à Shivajinagar.
  9. Les enfants, vous _____________ (vouloir) aller au parc aujourd’hui ?
  10. Tu ne ______________ (pouvoir) pas venir chez moi à 6h ?
  11. Elles _____________ (aller) au cinéma au Forum.
  12. Il _____________ (devoir) réviser bien la grammaire française.

VII. Choisissez les pronoms toniques qui conviennent :                                                                (4)

  1. pierre n’aime pas ce film. Je suis d’accord avec ________ (elle/nous/lui).
  2. Ils sont dans le Louvre. Devant ___________ (nous/elles/eux) il y a le tableau « le Joconde (Mona Lisa) ».
  3. Sophie se promène dans le jardin, mais n’aperçoit (to see) pas le chien derrière ________(lui/toi /elle).
  4. Nous voulons venir chez Camille. Ne pars pas sans _________ (vous/eux/nous).

VIII. Associez les éléments :                                                                                                                  (6)

Professions                          Réponse                  Actions

Un acteur

Un chef

Une coiffeuse

Un photographe

Un boulanger

Une institutrice

 _______

_______

_______

_______

_______

_______

 1. Coupe les cheveux.

2. Fait des photos.

3. Vend du pain, des croissants.

4. Joue dans les films.

5. Enseigne les petits enfants.

6. fait la cuisine dans un restaurant.

 

  1. Écrivez les adjectifs masculins/féminins : (4)

Masculin                                                             Féminin

1. Sympathique

2._____________________

3. Sportif.

4._____________________

 _________________________

Petite.

_________________________

Prétentieuse.

 

  1. Donnez l’impératif des verbes suivants : (5)
  2. N’______________ (oublier– vous) pas d’apporter vos livres.
  3. ________________ (faire-tu) ta salade grecque.
  4. _______________ (regarder-nous) la télévision.
  5. _______________ (téléphoner- tu) – moi.
  6. _______________ (venir- vous) chez nous.
  7. Barrez l’intrus. (5)

Ex : acteur – chanteur – pâtissier – réalisateur.

  1. Plages – montagnes – cinéma – paysages.
  2. Athlétique – dynamique – petit – décisif.
  3. Chien – tigre – éléphant-lion.
  4. Gros – intelligent – grand – beau.
  5. Quatre-vingt-deux – quatre-vingt-treize   –  quatre-vingt-cinq   –  quatre-vingt-sept.

 

XII. Remettez le dialogue en ordre :

(10)

_______ A. Tomas : Je suis bibliothécaire

_______ B. Dana : Oui, et toi ?

_______ C. Dana : Je m’appelle Dana, je suis institutrice.

_______ D. Tomas : Oui, ça va.

_______ E. Tomas : Comment tu t’appelles ?

_______ F. Dana : Quelle est votre profession ?

_______ G. Tomas : Salut, je m’appelle Tomas.

_______ H. Dana : Moi, j’aime travailler avec les enfants. Et vous? Et pourquoi

cette profession ?

_______ I. Tomas : Tu vas bien ?

_______ J. Tomas : Je ne communique pas facilement, mais, j’adore les livres.

 

XIII. Lisez la compréhension des écrits et répondez aux questions :                                           (10)

 

 

 

 

 

Nice, 19 Mars

Chère Sophie,

J’ai 25 ans le 19 Mars ! pour cette occasion, j’organise une soirée karaoké dans un restaurant japonais au port de Nice. C’est samedi prochain à 20h 30. Est-ce que tu peux venir ?

Voici mon téléphone : 06.35.63.10.02.

À samedi. J’ai hâte ! (hurry)

Yuko.
 

1. Qui a écrit cette carte ?

ð  Yuko.         ð Sophie.

2. Ce document est

ð Un message professionnel.  ð un message formel.  ð un message amical.

3. Pourquoi la personne a écrit cette carte ?

ð Pour faire de la publicité.

ð Pour inviter son amie.

ð Pour fixer un rendez-vous.

4. L’anniversaire a lieu à quel moment de l’année ?

ð L’hiver. ð L’été. ð L’automne.
  1. Le numéro de téléphone de Sophie est :

ð 06.37.36.01.03   ð 06.35.63.10.02.  ð 06.53.63.10.00.

XIV. Remplissez la fiche sur vous-même :MINIMUM  5 PHRASES EN TOTALE.

  1. (NOM) :__________________________________________________________________

__________________________________________________________________________.

  1. (PROFESSION) : ___________________________________________________________

__________________________________________________________________________.

  1. (VOS GOÛTS/LOISIRS) : _____________________________________________________

__________________________________________________________________________

__________________________________________________________________________.

  1. (CARACTÈRES PHYSIQUES/DE PERSONNALITÉ) : _________________________________

__________________________________________________________________________

__________________________________________________________________________.

  1. (VOTRE IMAGE DE « VOTRE FEMME/HOMME DE VIE ») : __________________________

__________________________________________________________________________

__________________________________________________________________________

__________________________________________________________________________.

 

 

St. Joseph’s College of Commerce M.Com. 2013 III Sem Research Methodology For Business Question Paper PDF Download

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  1. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS0

END SEMESTER EXAMINATION -APRIL 2013

M.Com. – II Semester

Research Methodology FOR Business

Duration: 3 Hrs                                                                                                          Max. Marks: 100 

Section – A

  1. Answer Any Seven questions out of ten. (5 x 7 = 35)

 

  1. How would you define “Business Research”? Enunciate the significance of conducting research.
  2. What is the purpose of literature survey?
  3. State the characteristics of a good Research Problem?
  4. Discuss briefly on the different types of Research Design.
  5. Suppose, you plan to export semi-precious stones from Jaipur to countries like USA, Canada, and European Union ,what would be the nature of information required by you? How would secondary data sources help you here?
  6. Indicate the type of scale (nominal, ordinal, interval or ratio) that is being used in each of the following questions:
  7. How large is the market size of shampoos?
  8. In which of the following functional areas of management do you wish to specialize in the second year?
  9. Marketing, ii. Finance, iii. HR,      iv. Operations.
  10. State the order of your preference for the following colours.
  11. Grey, ii. White,             iii. Blue,             iv. Green,            v. Black.
  12. Was the Research Methodology course difficult to understand? i. Yes———, ii No———-
  13. In which month were you born?
  14. How would you rate the quality of food at the Golden Dragon Restaurant?

1= Very Poor, 2= Poor, 3= Moderate, 4= Good, 5= Very Good.

 

  1. Differentiate between questionnaire and schedule.
  2. What are the qualities of a good Research Report?
  3. You are working as a Purchase Manager for a company. The following information is supplied to you by two manufacturers of electric bulbs:
  Company A Company B
Mean Life (in hours) 1300 1248
Standard deviations (in hours) 82 93
Sample Size 100 100

Which brand of bulbs are you going to purchase if you desire to take a risk of 5%?

  1. A group of seven week old chickens reared on a high protein diet weigh 12, 15, 11, 16, 14, 14, 16 ounces, a second group of five chickens were similarly treated except that they receive a low protein diet weighted 8,10, 14, 10 and 13 ounces. Test whether there is sufficient evidence that additional protein has increased the weight of the chickens.
Degrees of freedom: 4 5 6 7 8 9 10 11
Value of t @ 5% level: 2.78 2.57 2.45 2.37 2.31 2.62 2.23 2.20

 

Section – B

  1. II) Answer Three questions out of Five                            (3 x 15 = 45)

 

  1. Discuss the different steps involved in research process?

 

  1. What is sample design? Discuss different sampling methods.
  2. Elaborate upon the structure of a report and its main constituents.

 

  1. An automobile company gives the following information about age groups and liking for particular model of car which it plans to introduce.
Persons who Age Groups Total
Below 20 20-39 40-59 60 & Above
Liked the car 140  80 40  20 280
Disliked the car  60  50 30  80 220
Total 200 130 70 100 500

On the basis of this data can it be concluded that the model appeal is independent of the age group (given for v = 3, X20.05 = 7.815.)

 

  1. The following table gives the number of refrigerators sold by 4 salesmen in three months May, June and July:
Month Salesmen
A B C D
May 50 40 48 39
June 46 48 50 45
July 39 44 40 39

P.T.O……..

Is there a significant difference in the sales made by the four salesman?

 

Is there a significant difference in the sales made during the three months?

 

Section – C

III) Compulsory Case study                                                                                 (1 x 20 = 20)

 

Shameem had been with the organization for a fortnight now and was due to meet  Reghu. He opened the door and walked in.

Raghu asked him to be seated and said, “So doctor, what is the diagnosis?”

Shameem Naquib had been recently hired as the company counselor at Danish International, as Reghu Narang, the CEO, felt that he was fed up with his team of non performers. He had hand picked the Band II decision makers from the most prestigious and growing enterprises. Each one came with a proven track record of strategic turnarounds they had managed in their respective roles. So why this inertia at DI? The salaries and perks were competitive, reasonable autonomy was permitted in decision making and yet nothing was moving.

There had been two major mergers and the responsibilities had increased somewhat.

When Shameem went to meet Sid Malhotra, the bright star who had joined six months back, he was reported absent and seemed to be suffering from hypertension and angina pain. His colleague in the next cabin was not aware that Sid had not come for the past four days. As he was talking to Reghu’s secretary, he could hear Kamini Bansal, the HR head yelling at the top her voice at a new recruit, who after six weeks of joining had come to ask her about her job role.

The Band III executives had been with the company for a tenure of 5-15 years and yet had not been able to make it to the Band II position ( Except two lady employees). They were laid back, extremely critical and yet surprisingly were not moving.

Reghu also seemed a peculiar guy, he had hired  him as the counselor and was also making some structural changes as suggested by a vastu expert, to nullify the effect of “evil spirits”.  He had a history of hiring best brains, and trying to fit them into some role in the organization.  And incase someone did not fit in, firing him without any remorse. He had changed his nature of business thrice and on the personal front, he was on the verge of his second divorce.

The company had a great infrastructure, attractive compensation packages and yet the place reeked of apathy. It was like a stagnant pool of the best talent. Was it possible to undertake –operation clean up?

  1. What is the management decision problem that Shameem is likely to narrate to Reghu Narang?
  2. Convert and formulate it into a research problem and the state the objectives of your study. Can you suggest a theoretical frame work about what you propose to study?
  3. Develop the working hypothesis for your study?

 

St. Joseph’s College of Commerce M.Com. 2013 III Sem Advanced Management Accounting Question Paper PDF Download

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  1. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)

End Semester Examinations – MARCH / April 2013

m.com – ii semester

ADVANCED MANAGEMENT ACCOUNTING

Duration: 3 Hrs                                                                                                       Max. Marks: 100

Section – A

  1. Answer any SEVEN questions ( out of TEN)         (7 x 5  = 35)

 

  1. The following particulars are extracted from the records of a company
 

 

 Product A (per unit) Product B (per unit)
Sale price (Rs)

Consumption of materials (kg)

Material cost (Rs)

Direct wages (Rs)

Machine hours used

Variable overheads

 100

5

24

2

2

4

 110

4

14

3

3

6

 

Comment on the profitability of each product (both use the same raw material) when

  1. Total sales potential in units is the key factor
  2. Total sales potential in value is limited
  3. Raw materials is in short supply
  4. Production capacity (in terms of machine hour) is the key factor

 

  1. A firm can purchase a spare part from an outside source @Rs.11 per unit. There is a proposal that the spare part be produced in the factory itself.  For this purpose a machine costing Rs. 100000 with annual capacity of 20000 units and a life of 10 years will be required.  A foreman with a monthly salary of Rs.500 will have to be engaged.  Materials required will be Rs.4.00 per unit and wages Rs. 2.00 per unit.  Variable overheads are 150% of direct labor.  The firm can easily raise funds @ 10% p.a.  Advice the firm whether the proposal should be accepted.

 

  1. A company manufacturing two products furnishes the following data for a year:
Product Annual output (uts) Total machine hours Total number of purchase orders Total number of set ups
A

B

 5000

60000

 20000

120000

 160

384

 20

44

 

The annual overheads are as under

Volume related activity costs Rs. 550000

Set up costs Rs. 820000

Purchase related costs Rs. 618000

 

You are required to calculate the cost per unit of each product based on activity based costing.

 

  1. The cost per unit of the three products A,B and C of a concern is as follows
Particulars A B C
Direct materials

Direct labour

Variable expenses

Fixed expenses

Total cost

Profit

Selling price

Number of units produced

 10

6

4

3

23

9

32

10000

 8

7

5

3

23

7

30

5000

 9

6

3

2

20

6

26

8000

 

Production arrangements are such that if one product is given up, the production of the others can be raised by 50%.  The directors propose that C should be given up because the contribution in the case is the lowest.  Do you agree?

 

  1. Ram Dass pvt ltd Nasik, is currently operating at 80% capacity.  The profit and loss account shows the following
     
Sales

Cost of sales:

Direct materials

Direct expenses

Variable overheads

Fixed overheads

 

Profit

  

 

280

80

40

260

 640

 

 

 

 

 

580

60

The managing director has been discussing an offer from Middle East of a quantity which will require 50% capacity of the factory .  The price is 10% less than the current price in the local market.  Order cannot be split.  You are asked by him to find out the most profitable alternative.  The factory capacity can be augmented by 10% by adding facilities at the increase of Rs. 40 lakhs in fixed cost.

 

  1. For the final assemble of product in an engineering company, a certain component is required. The company has the options either to produce the component itself or purchase it from the market.  The production department which can make the component is currently working to full capacity and earning a contribution of Rs 10 per hour on an order which will last for another ten months.  Repeat orders are very likely.  Variable cost of making the component is Rs. 42 and it takes one hour per unit.  Market price of the component is Rs. 45 per unit

 

What advice will you give to the management of the company?

 

  1. What is a balance score card? What are the perspectives under the balance score card?
  2. What is a transfer price? Explain any four types of transfer pricing method
  3. Explain the concept of benchmarking with its process.
  4. Define business process re engineering process. Explain its methodology.

 

 

Section – B

  1. Answer any THREE out of FIVE questions.                   (3 x 15   = 45)
  2. A company engaged in plantation activities has 200 hectares of virgin land which can be used for growing jointly or individually tea, coffee and cardamom. The yield per hectare of the different crops and their selling prices per kg are as under
  Yield (kgs) Selling price per kg
Tea

Coffee

Cardamom

 

 2000

500

100

 20

40

250

Variable cost per kg

  Tea (Rs.) Coffee (Rs.) Cardamom (Rs.)
Labour charges

Packing materials

Other costs

Total costs

 8

2

4

14

 10

2

1

13

 120

10

20

150

Fixed cost per annum

Cultivation and growing cost Rs. 10,00,000

Administrative cost s. 200000

Land revenue Rs. 50000

Repairs and maintenance Rs. 250000

Other costs Rs. 300000

The policy of the company is to produce and sell all the three kinds of products and the maximum and minimum area to be cultivated per product is as follows

  Max hectares Min hectares
Tea

Coffee

Cardamom

 160

50

30

 120

30

10

 

Calculate the most profitable product mix and the maximum profit which can be achieved.

 

  1. An organization manufacture a product, particulars of which are detailed below;
   
Annual production

Material costs

Other variable costs

Fixed cost

Total cost

Apportioned investment

 20000 units

Rs. 60000

120000

40000

220000

200000

Determine the unit selling price under each of the following.  Assume that the organizational tax rate is 52%

  1. 20% return on investment
  2. 30% mark up based on total cost
  • 20% profit on net sales price
  1. 15% profit on list sales when trade discount is 35%
  2. 40% mark up based on incremental cost
  3. 50% mark up based on value added by manufacturer.

 

  1. A machine used on a production line must be replaced at least every four years. The cost incurred in running the machine according to its age are

Age of machine (years)

particulars 0 1 2 3 4
Purchase price

Maintenance

Repairs

Net realizable value

 3000  

800

 

1600

  

900

200

1200

 

  

1000

400

800

  

1000

800

400

 

Future replacement will be identical machines with the same costs.  Revenue is unaffected by the age f the machine.  Assume there is not inflation and ignore tax.  The cost of capital is 15%.  Determine the optimum replacement cycle.

 

  1. German remedies ltd has prepared the following budge estimates for the year
Sales (uts) Product A

6000

 Product B

16000
Selling price

Direct materials

Direct wages @ Re 1 per hour

Variable overheads

Fixed overheads

Total

profit

 40

12

8

4

8

32

8

 64

22

12

6

12

52

12

 

After the finalization of above manufacturing program me, it is observed that one third capacity of the company is till idle.  In order to improve the working the following proposals are put up for consideration

  1. Discontinue product A and the capacity so released will be used on product B. The selling price of product B however will be reduced by Rs. 2 per unit on the entire sales.
  2. Discontinue product B and divert the capacity to Product C whose unit cost data are as under
Selling price

Direct material

Direct labour

Variable overheads

 52

15

10

5
  1. Utilize the idle capacity for meeting an export demand for the product D whose unit cost data are as under
Selling price

Direct materials

Direct labour

Variable overheads

 

 72

40

20

10

 
  1. Hire out the idle capacity hours by fixing up a price in such a way that the same rate of profit per direct labour hour as obtained in the original budget estimates is achieved. Indicate the hire charges per direct labour hour.

 

  • Prepare a statement showing the profitability as envisaged in the original program me
  • Evaluate the above proposals and prepare profit statement under each.

 

  1. What do you mean by philosophy of continuous process improvement? What are its challenges.

 

Section – C

 

  • ONE Compulsory Case study (No choice)                   (1 x 20 = 20)

 

  • A manufacturing company purchase one of the components required for the manufacture f product from two sources supplier A and supplier B. The price quoted by Supplier A is Rs. 15.00 per hundred numbers of the component and it is found that on the average 3% of the total receipt from this source is defective. The corresponding quotation from supplier B is Rs. 14.50 but the defectives would go  up to 5% for the total supply.  If the defectives are not detected, they are utilized in production causing a damage of Rs. 15.00 per hundred components.

The company intends to introduce a system of inspection for the components on receipt which would cost Rs. 2.00 per hundred components.  Such an inspection will however be able to detect only 90% of the defective component received.  No payment will be made for components found to be defective in inspection.

Offer your opinion.

  • Whether inspection at the point of receipt is justified
  • Which of the two suppliers should be asked to supply
  • Assume total requirement of components to be 10000units (10 marks)

 

  • The details of the output presently available from a manufacturing department of Hi tech industries are as follows

Average output per week 48000 units from 160 employees

Saleable value of output Rs. 600000

Contribution made by the output towards fixed expenses and profit Rs. 240000

The board of directors plans to introduce more automation in the department at a capital cost of Rs. 160000.  The effect of its will be to reduce the number of employees to 120 but to increase the output per individual employee by 60%.  To provide the necessary incentive to achieve the increased output the board intends to offer a 1% increase in the piecework rate of one rupee per article for every 2% increase in average individual output achieved.  To sell the increased output , it will be necessary to decrease the selling price by 4%

Required

Calculate the extra weekly contribution resulting from the proposed change and evaluate for the board’s information the worth of the project.

(10 marks)

 

St. Joseph’s College of Commerce M.Com. 2013 III Sem Strategic Financial Management Question Paper PDF Download

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1
ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATIONS – OCTOBER 2013
M.COM – III SEMESTER
STRATEGIC FINANCIAL MANAGEMENT
Duration: 3 hrs Max. Marks: 100
SECTION – A
I) Answer any SEVEN questions. Each question carries 5 marks. (7 x 5 =35)
1) What do you understand by interface of financial policy and strategic
management?
2) “Financial planning is the backbone of the business planning and corporate
planning”. Comment.
3) Explain the importance of the study of SFM in business decision making?
4) “A well conceived incentive compensation plan goes a long way in aligning the
interest of managers and shareholders”. Comment.
5) Explain the five sins of acquisitions
6) Write short answers to the following (One or two sentences):
What is ROIC?
What is Leveraged Buyout?
What is strategic cost management?
What is Demergers?
What is TBR?
7) Explain the key steps involved in using the cash flow approach to valuing a firm.
8) Mahesh International earns a return on equity of 30 percent. Its dividend payout
ratio is 0.35. Equity shareholders of Mahesh require a return of 20 percent. The
book value per share is Rs. 40.
(i) What is the market price per share, according to the Marakon model?
(ii) If the return on equity falls to 25 percent, what should be the payout ratio to ensure
that the market price per share remains unchanged?
9) An equipment costs Rs. 10,00,000 and has an economic life of 4 years, at the end
of which its expected salvage value is Rs. 2,00,000. If the cost of capital is 14
percent, what will be the depreciation schedule under the sinking fund method?
10) ABC Ltd. plans to acquire XYZ Ltd. The relevant financial details of the two
firms, prior to merger announcement, are given below:
ABC Ltd. XYZ Ltd.
Market price per share
Rs. 60 Rs. 25
Number of shares 3,00,000 2,00,000
2
The merger is expected to bring gains which have a present value of Rs. 4 million. Firm
ABC Ltd. offers one share in exchange for every two shares to the shareholders of firm
XYS Ltd.
Required:
(a) What is the true cost acquisition?
(b) What is the present value of the mergers to ABC Ltd. and XYZ Ltd.
SECTION – B
II) Answer any THREE questions. Each carries 15 marks (3 x 15 = 45)
11) Explain in detail some of the specific issues of financial policy of a firm.
12) Explain the strategic aspects of investment and dividend policies of a firm.
13) Explain the plausible and dubious reasons for merger.
14) A new plant entails an investment of Rs. 300 million (250 million in fixed assets
and Rs. 50 million in net working capital). The plant has an economic life of 14
years and is expected to produce a NOPAT of Rs. 21.085 million every year. After
14 years, the net working capital will be realized at par whereas fixed assets will
fetch nothing. The cost of capital for the project is 10%. The straight line method
of depreciation is used.
(a) What will be the ROCE for year 5? Assume that the capital employed is
measured at the beginning of the year.
(b) What will be the ROGI for year 5?
(c) What will be the Economic Depreciation for year 5?
15) The accounts of Joel Ltd. engaged in manufacturing business are summarized
below:
Income statement for the year ended March 31. 2013. (Amount in Rs. Million)
Sales Revenue
Less: Cost of goods sold
General expenses
Administrative expenses
Selling and distribution
expenses
Interest on loan
EBT
Less: Corporate Taxes (35%)
Earnings after taxes
59.10
6.80
7.80
2.90
1.80
95.00
78.40
16.60
5.81
10.79
3
Balance Sheet as at March 31, 2013 (Amount in Rs. Million)
Liabilities Rs. Assets Rs.
Equity share capital(10 Lakh
shares of Rs. 10 each)
Reserves and surplus
10%Loan
Creditors and other liabilities
10.00
31.50
18.00
18.00
Freehold Land and
Buildings(net)
P&M (net)
Current Assets:
Stock
Debtors
Bank and cash balances
20.00
28.50
10.00
15.00
4.00
Total 77.50 Total 77.50
Additional Information:
1. The risk free rate of return in the economy is 8% and the premium expected
from business in general is 5%. The beta of Joel Ltd. shares is currently 1.27.
2. The equity shares of this company quoted in the market as on 31.03.2013 are
Rs. 50 per share.
3. General expenses include R&D expenses of Rs. 0.50 million (For EVA
computation R&D expenses are to be considered as an investment.
Requirements:
(i) Determine the EVA for the year ended March 31, 2013; and
(ii) Determine the amount of MVA for the year ended March 31, 2013
SECTION – D
III) Compulsory question carries ( 20 marks)
ABC Corporation is expected to grow at a higher rate for 4 years; thereafter the growth
rate will fall and stabilize at a lower level. The following information has been
assembled:
Base year (year 0) information
Revenues : Rs. 3000 million
EBIT : Rs. 500 million
Capital expenditure : Rs. 350 million
Depreciation : Rs. 250 million
Working capital as a percentage of revenues : 25%
Corporate tax rate (for all time) : 30%
Paid up equity capital (Rs. 10 par) : Rs. 400 million
Market value of debt : Rs. 1200million
Inputs for the High Growth Period
Length of the high growth phase : 4 years
Growth rate in revenues, depreciation, EBIT and capital expenditure : 20%
4
Working capital as a percentage of revenues : 25%
Cost of debt(pre-tax) : 13%
Debt equity ratio : 1:1
Risk-free rate : 11%
Market risk premium : 7%
Equity beta : 1.129
Inputs for the stable growth period
Expected growth rate in revenues and EBIT : 10%
Capital expenditures are offset by depreciation
Working capital as a percentage of revenues : 25%
Cost of debt : 12.14% (pre-tax)
Risk-free rate : 10%
Debt-equity ratio : 2:3
Market risk premium : 6%
Equity beta : 1.00
Required:
(i) What is the WACC for the high growth phase and the stable growth phase?
(ii) What is the value of the firm?

St. Joseph’s College of Commerce M.Com. 2013 III Sem Project Appraisal & Finance Question Paper PDF Download

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1
ST. JOSEPH’S COLLEGE COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATION – OCTOBER 2013
M. COM. – III SEMESTER
PROJECT APPRAISAL & FINANCE
Time: 3 Hrs. Max. Marks: 100
Note – Your Answers should be brief & related to the Marks allotted
SECTION – A
I) Answer ANY SIX Questions in brief. (6×5= 30 )
1) What do you understand by Recourse & non-recourse Funding?
2) Outline the Importance of Asset Creation as part of a Major Project.
3) Explain in brief the difference between D / E Ratio & DSCR.
4) List out any two types of Equity & Three types of Debt.
5) Briefly outline the possibility of Conflict between Ownership & control.
6) List out any Five Valuation Issues.
7) What do you understand by Passive Equity ?
8) List out any Five Risks which Banks would not accept for Approval of Funding.
9) List out any Five Factors which are considered for Investment Appraisal.
SECTION – B
II) Attempt ANY TWO of the following, with details of a Practical Project you are
referring to: (2×10= 20 Marks )
10) Explain with a Sketch a typical Model of either “ Balance Sheet Financing “ or “
Financing through an SPV Route “.
11) Prepare a table indicating different Entities which would be willing to absorb
Finance-related Risks connected with Debt, & Operations.
12) Explain with a table to highlight the Differences between Project Finance &
Corporate Finance.
SECTION – C
III)MS PROJECT – Attempt any Four of the following: ( 4×5=20)
Choose a TOURIST RESORT as an example & with ref. to the MS Project Software,
outline with a sketch any four of the following Processes:
13) Scheduling
14) Budgeting
15) Building of Resources – Members, Equipment etc.
16) Attaching a file to an activity
17) Adding Comments, Constraints
2
SECTION – D
IV) CASE STUDY – Attempt any Five of the following: ( 30 Marks )
A Major city is planning to improve Traffic Conditions & is considering the following
Options:
a) Entrusting the entire Project to a single Company
b) Identifying one Company for Elevated Roads & Flyovers & another for Underpasses
& Widening of Roads.
c) Identifying one Big Company for Elevated Roads & Flyovers & two small
companies for Under-passes & Widening of Roads.
Analyse & recommend the best combination for Financing the Project through any Five
of the following Methods:.
1) Balancing between Offtake & Input Supply Contracts
2) Proper financing Structure ( with the help of a Diagram )
3) Investment appraisal ( with the help of a Diagram )
4) Value of Flexibility ( with the help of a Table / Diagram )
5) Inclusion of O&M ( to secure Equity & maintain Continuity of revenue )
6) Approach IFC by extending the Project to five cities in India ( Five benefits to be
listed out )
7) Analysis of Return Variance Vs. Size of Project ( with the help of a Graph )

St. Joseph’s College of Commerce M.Com. 2013 III Sem International Financial Management Question Paper PDF Download

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ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATION – OCTOBER 2013
M.COM – III SEMESTER
INTERNATIONAL FINANCIAL MANAGEMENT
Duration: 3 hours Max. Marks: 100
SECTION- A
I) Answer any SEVEN questions. (7×5=35)
1. What are the most common strategies used to reduce exposure to a host
government takeover?
2. Depict the registration process of FIIs in India diagrammatically.
3. Show the process of remitting subsidiary earnings to parent
diagrammatically and explain briefly.
4. What are the various methods to conduct international business?
5. Why is a weak home currency not a perfect solution to correct a BOT
deficit?
6. A company exports highly advanced phone system components to its
subsidiary shops on islands in the Caribbean. The components are
purchased by consumers to improve their phone systems. These
components are not produced in other countries. Explain how political
risk factors could adversely affect the profitability of the company.
7. What are the factors influencing Working Capital requirements?
8. Why do firms pursue international business?
9. What are the various factors affecting International Trade Flows?
10. If the exchange rate at the end of 2007-2008 is INR43.91/USD and if the
rate of inflation in India and USA during 2008-2009 is respectively 7%
and 4%. Find the exchange rate at the end of 2008-2009. Which exchange
rate theory does this follow?
SECTION -B
II) Answer any THREE questions. (3×15=45)
11. Distinguish between Risk & Exposure. What are the different types of
Foreign Exchange Exposures & how are they managed?
12. Should Multinational Capital Budgeting be conducted from the viewpoint
of the subsidiary or the parent? What are the financial and political risk
factors in country risk?
2
13. Write a note for receiving FDI by an Indian company. Highlight the
sectors where FDI is not allowed in India. Also give a note on the financial
instruments available for FII investment and their consideration for
application.
14. Sun Pharma Ltd. an Indian based foreign MNC is evaluating an overseas
investment proposal. Sun Pharma Ltd. exporter of pharmaceutical
products is considering building a plant in US. The plant will entail an
initial outlay of $20 M and it is expected to give the following cash flow
over its life of 4 years.
Year Cash Flow
(USD M)
1 30
2 40
3 50
4 60
The current spot exchange rate is INR 65/USD and risk free rate of
interest in India is 12% and in the US it is 7%. Sun Pharma requires a
rupee return of 15% on the above project.
Calculate NPV under both home currency approach and foreign currency
approach.
15. (a) Find out the Balance of Trade and balance of Current Account, if:
Inflow on account of services: $1000; outflow on account of services: $800;
outflow of dividend, royalty etc: $1100; inflow of dividend etc: $560;
export of goods: $10,000; import of goods: $12000; remittances: $1200;
short-term movement of funds ($200)
(b) How would a relatively high home inflation rate and an increase in a
country’s national income affect the home country’s current account,
other things being equal?
P.T.O………
3
SECTION -C
III) Case Study: (20 marks)
16. Threads Woven Corp. currently have no existing business in South Africa
but are considering establishing a subsidiary there. The following
information has been gathered to assess this project:
• The initial investment required is ZAR (South African Rand) 100 M.
Given the existing spot rate of $0.50 per ZAR, the initial investment in
US$ is $ 50M.
• The project will be terminated at the end of Year 3 when the subsidiary
will be sold.
• The fixed costs such as overhead expenses are estimated to be ZAR 12
M per year.
• The exchange rate of the ZAR is expected to be $0.52 at the end of year
1, $ 0.54 at the end of year 2, and $ 0.56 at the end of year 3.
• The South African government will impose an income tax of 30% on
income. In addition, it will impose a withholding tax of 10% on
earnings remitted by the subsidiary. The US government will allow a
tax credit on the remitted earnings and will not impose any additional
taxes.
• All cash flows received by the subsidiary are to be sent to the parent at
the end of each year. The subsidiary will use its working capital to
support ongoing operations.
• The price, demand and variable cost of the product in South Africa are
as follows:
Year Price Demand Variable Cost
1 ZAR 1000 40,000 units ZAR 60
2 ZAR 1022 50,000 units ZAR 70
3 ZAR 1060 60,000 units ZAR 80
• The plant & equipment are depreciated over 10 years using straight
line method. Since the plant & equipment are initially valued at ZAR
100M, the annual depreciation expense is ZAR 10 M.
• In three years, the subsidiary is to be sold. When it sells the subsidiary,
Threads Woven Corp. expects to receive ZAR 104 M after subtracting
capital gains taxes. Assume that this amount is not subject to a
withholding tax.
• Threads Woven Corp requires a 20% rate of return on the project.
Determine the NPV of this project. Should Threads Woven Corp.
accept this project?

St. Joseph’s College of Commerce M.Com. 2013 III Sem Ethics For Business Decisions Question Paper PDF Download

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ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATION – OCTOBER 2013
M.COM – III SEMESTER
ETHICS FOR BUSINESS DECISIONS
Duration: 3 hours Max. Marks: 100
SECTION – A
I) Answer SEVEN questions out of Ten. ( 7×5 = 35)
1. What is business ethics? Is it the same as “Religion, Law, Cultural traits, Feelings, a
branch of Science a collection of values?” Discuss.
2. Discuss the basis of moral rights according to Immanuel Kant? State the criticisms
against Kantian view.
3. “The six pillars of character taken together act as a multi level filter through which
ethical decisions can be processed, and they believe, these can dramatically improve
the ethical quality of our decisions, and thus our character and lives.” Comment.
4. Explain the concept “marketing ethics”? Discuss the areas where changes are
required to happen to acquire moral development and enhancement of marketing
ethics in the context of Indian environment.
5. Write a note on the emerging challenges in the functional areas of HRM.
6. Discuss ethical issues involved with creative accounting?
7. Identify the various elements responsible for the commission of bank frauds. What
are the measures suggested against bank frauds?
8. “Preservation of a healthy environment is everybody’s concern” What role is
expected of stakeholders to play in ensuring environmental preservation?
9. Write an account of environmental audit.
10. Elucidate the key contributions of good corporate governance to a corporation.
SECTION – B
II) Answer any THREE questions out of Five. (3 x 15 = 45)
11. Discuss the “concept of ethical dilemma.” What is the reason behind the ethical
dilemma that takes place under an organizational set up? How do ethical dilemmas
in business affect the stakeholders? How can a business organization resolve ethical
dilemmas?
2
12. What are the models that guide managers and executives in making Ethical
decisions? Discuss a suitable framework for ethical decision making. What are the
most important issues to be tackled in the process?
13. “In a general sense, marketers must accept overall responsibility for the
consequences of their actions.” Identify some universal ethical guidelines on which
marketers action should be based. Elaborate on ethical issues concerned with four
Ps of marketing with suitable examples.
14. To achieve fairness, HR executives, apart from having an ethical conscience, follow a
well-laid system of procedures that address the range of human resource issues in
the pursuit of organizational justice. Discuss the various ethical issues that arise out
of the employer-employee relationship.
15. Explain what constitutes good corporate governance from the context of different
stakeholders.
SECTION – C
III) Compulsory Case study (1 x 20 = 20)
Jerome Kerviel: Rogue Trader or Misguided Employee
Socie’te’ Ge’ne’rale: is a French Bank, which is globally recognized. The French
company Socie’te’ Ge’ne’rale (ScoGen) was founded on May 4, 1864. The bank serves
19.2 million individual customers in 76 countries. It employs 103,000 workers from 114
different nationalities. SocGen operates in three major businesses: (i). retail banking &
financial services, (ii). global investment management & services and (iii). corporate &
investment banking. The core values of the company were professionalism, team spirit
and innovation. In 2006, SocGen ranked 67 on Fortune’s 2006 Global 500.
The turmoil in 2006 revolved around the collapsing housing market and a mortgage
industry that witnessed loan defaults in record numbers. Several banks were engaged
in purchasing high-risk mortgage loans. It constrained SocGen’s financial status.
SocGen saw its stock price cut almost in half throughout the year, but it was not the
only potential pitfall for this once robust company. It was the actions of one rogue
trader, Jerome Kerviel, that could have signaled the ultimate downfall of SocGen.
On January 24, 2008, SocGen announced to the world that it discovered a $7.14 billion
trading fraud caused by a single trader Kerviel. Additionally, a nearly $3 billion loss
was posted due to loss in investments in the U.S. subprime mortgage industry. SocGen
halted its shares to avoid complete market collapse on the price of the stock. Jerome
Kerviel, 31 year old, unmarried, did not profit from his scheme. He had been an
employee of SocGen since 2000. He was working in the futures trading desk of the
bank. Kerviel saw his trading profits increase throughout 2007. By the end of the year
3
he needed to mask his significant gains, so he created fictional losing positions to erode
his gains. By mid-January, Kerviel had lost over $3 billion. He was hedging more than
73.3 billion, an amount far in excess of trading limits created by SocGen for a single
trader. This amount even exceeded SocGen’s overall market cap of $52.6 billion.
Despite five levels of increased security to prevent traders from assuming positions
greater than a predetermined amount, and a group compliance division in charge of
monitoring trader activity, Kerviel was able to bypass internal controls for over two
years.
Kerviel’s motive was not to steal from the bank, but to have his significant trading gains
catapult his career and to cash in on a significant bonus given to traders who exhibit the
type of profitability he created for the company. Red flags were triggered, but e-mails to
his superiors on his trading activity were ignored due to his overall profitability for the
company. Kerviel admitted his wrong doing, but stated that SocGen was partially
responsible for not monitoring his activities correctly and rewarded his behavior with a
proposed bonus of $440, 000. Kerviel stated that his actions were similar to those of
other traders; he was just being labeled as the scapegoat in this investigation.
Once the fraud was detected in mid-January, 2008, SocGen immediately reported it to
France’s central Bank, Bank of France. After Kerviel admitted his guilt, his employment
was terminated along with that of his supervisors. CEO David Bouton submitted a
formal resignation, along with second-in-command, Phillipe Citerne; however, both
were rejected by the Board of Directors. employees of the company staged
demonstrations where they showed their support for Bouton.
The bank has stated that since the activity was brought to light, there was tightening on
the internal controls, so that actions such as Kerviel’s are no longer possible for a trader.
On January 25, 2008, SocGen took out a full page news paper article apologizing to its
customers for the scandal.
Kerviel was able to evade detection because of his experience in monitoring the traders
in his early years at SocGen. Falsifying bank records and compute fraud were part of
the intricate scheme that Kerviel created. Kerviel knew when he would be monitored by
the bank and avoided any activity during those periods. He created a fictitious
company and falsified trading records to keep his activity under wraps. Kerviel also
used other employee’s computer access codes and falsified trading documents.
Questions:
1. Is Kerviel the only one who is guilty in this case with regard to his actions? Explain.
2. Should other individuals and the bank be legally held responsible and liable for
Kerviel’s actions? Why or Why not? Explain.
3. Describe what you believe to have been Kerviel’s personal and professional ethics?
(Use the terms that you have studied in module 1).

St. Joseph’s College of Commerce M.Com. 2013 I sem Corporate Tax Planning Question Paper PDF Download

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1
ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATIONS – OCTOBER 2013
M.COM – III SEMESTER
CORPORATE TAX PLANNING
Duration: 3 Hrs Max. Marks: 100
SECTION – A
I) Answer any SEVEN questions (out of TEN). (7 x 5 = 35)
1. What is transfer pricing? What are the methods of determining arm’s length
price?
2. Explain the tax planning provisions with regard to amalgamation of two
companies.
3. Define slump sale. How do you find out the written down value in the hands
of transferor in the case of slump sale. Briefly explain the computation of
capital gain in the case of slump sale.
4. Explain the provisions u/s
• 44BBB
• 44BBA
5. Explain the provisions u/s
• 35ABB
• 35 AD
6. Explain the deduction in respect of new workmen u/s 80 JJAA.
7. Explain the capital gain exemption tax between India and Netherlands.
8. On receipt of assessment order for the assessment year 2013-2014 of X ltd the
chief accountant of that company finds that the following deductions claimed
by it in the return of total income have not been allowed:
• Expenditure of Rs. 15000 incurred on accommodations maintained, at
the place where the factory s located for the directors and other
employees of the company, who visit the factory for the purposes of the
company’s business.
• A sum of Rs. 17500 incurred for lunch at a five star hotel where seven
representatives of a prominent raw materials supplier were taken for
lunch and the purchase manager of the Assessee had accompanied
them
• Export markets development allowance on a sum of Rs. 18000 spent by
it in connection with a partly given to the overseas buyers of its
products.
• Claim for deduction of a sum of Rs. 450000 being the amount of liability
for gratuity for the calendar year 1991 calculated on actuarial basis for
which no provision was made in the books of accounts. The company
does not maintain any gratuity fund. It maintains its accounts on
2
mercantile basis. So far as gratuity liability is concerned, it has made
provision for the same in the books of account for the previous year
ended Dec 31, 1976. Thereafter it stopped making provision for
gratuity liability in the books of account. However, actual payment are
debited to P and L account
• Expenditure of Rs. 10000 incurred for drilling a tube well in the factory.
The drilling operations were given up as the water was hard and not
suitable for use. The expenditure thus became in fructuous.
9. XY ltd is having business in manufacture sale and export of goods. Its profit
and loss account for the year ending 31/3/2013 disclosed a net profit of Rs. 7.5
lakhs. Compute the assessable income for the assessment year 2013-2014 from
the following data
• Tax paid on behalf of foreign collaborator, the company having failed
to deduct tax on the remittances, such tax paid being Rs .30000 debited
to P& L account
• Commission paid to foreign buyer in violation of FEMA in the course
of invoicing exports, debited to P & l Account Rs. 40000
• Commission paid to local agents of foreign principals for securing
export orders, debited to Profit and loss account Rs. 20000
• Remuneration to MD comprised of salary at Rs. 45500 per month bonus
for the year Rs. 10000 and commission Rs. 20000 all debited to Profit
and loss account. The entire remuneration has been approved by the
company law board.
• Interest paid on borrowing made in excess of the limits laid down of
companies act Rs. 50000 debited to P & L a/c
• Contribution to a political party for securing help in getting loan from a
Government financial institution, charged to Profit and loss account Rs.
1 lakh
• Surtax paid Rs. 25000
• Interest paid for belated payment of income tax Rs. 8000 debited to P &
L a/c
• Insurance compensation received RS. 2 lakhs for damage to a
machinery, the expenditure incurred for repairing the same being Rs.
1,50,000 , the balance Rs. 50,000 credited to replacement reserve account
in the balance sheet
• Amount realized on sale of import entitlement Rs. 80000 taken to
reserve account in the balance sheet.
Give reasons for the additions and deletions suggested.
10. Write the applicability of general anti avoidance rule. What are the four tests
to be satisfied to declare impermissible avoidance arrangement
3
SECTION – B
II) Answer any THREE out of FIVE questions. (3 x 15 = 45)
11. Explain the Key factors for Tax Planning and key structures in Outbound
Investment in India
12. Briefly explain the implications of tax concession and incentives for corporate
decision in respect of setting up a new business. (with special reference to
location being free trade zone)
13. XYZ ltd needs a component in an assembly operation. It is contemplating the
proposal to either make or buy the aforesaid component
• If the company decides to make the product itself, then it would need
to buy a second hand machine for Rs. 8 lakhs which would be used for
5 years. Manufacturing costs in each of the five years would be Rs. 12
lakhs, Rs. 14 lakhs, Rs. 16 lakhs and Rs. 25 lakhs respectively. The
relevant depreciation rate is 15%. The machine will be sold for Rs. 1
lakh at the beginning of the sixth year
• If the company decides to buy the component from a supplier the
component would cost Rs. 18 lakhs, Rs. 20 lakhs, Rs. 22 lakhs and Rs. 28
lakhs and Rs. 34 lakhs respectively in each of the five years.
The relevant discount rate is 14% and 32.445% tax is applicable.
Additional depreciation is not available. Should XYZ ltd make the
component or buy from outside.
14. ABC ltd is an Indian company engaged in the business of manufacture and
sale of engineering goods. Its net profit for the year 2012-13 is Rs. 20000. The
following are the other particulars
a. Debits to P&L a/c include
• Penalty paid for default in payment of sales tax Rs. 10000
• Cost of machinery purchased and installed during the year Rs.
5000
• Cost of imported motor car Rs. 240000 and depreciation there on
Rs. 48000
• Rent for premised hired at Delhi for the stay of the company’s
employees when on tour for purposes of business. Rs. 10000
• Foreign tour expenses of executive director and his wife Rs.
50000 (the expenses of the wife are estimated at Rs. 24000, the
tour was undertaken for promotion of exports and the director
being a diabetic patient, it became necessary under medical
advice, for his wife to accompany him)
• Annual premium paid for personal accident insurance policy
taken by the company for its staff Rs. 10000
• Interest on deposits received by the company from public RS.
30000
• Security deposit paid for telex connection Rs. 10000
4
• Interest paid on money borrowed from bank for purchase of
shares in P.Inc a company incorporated in New York Rs. 10000
• Salary etc, paid to B the executive director
Salary Rs. 72000
Commission on sales RS. 30000
House rent allowance RS. 25000
Travel concession for self and wife in connection with his
proceeding on leave Rs. 5000
Rent for office premises of the company owned by the director
Rs. 12000
• Salary paid to Y an accounts officer : Salary Rs. 75000, bonus Rs.
18000, HRA Rs. 2400, special allowance Rs. 5000
• Depreciation of plant purchased during 2012-2013 Rs. 400000
(normal depreciation @33.33% of cost Rs. 1200000)
b. Credits to P&L a/c includes dividend received from foreign company
Rs. 50000
c. Following items were credited to capital reserve account
• The Assessee Company has purchased a plant on June 3 1988 for
Rs. 250000 for its research laboratory and claimed a deduction of
Rs. 250000. The research activity for which the machine is
purchased ceases in 2010-11 and the machine s brought into
business proper on Nov1, 2011 (market value Rs. 130000). The
machine is sold for Rs. 150000 on April 4, 2012. Rs 150000 is
credited to capital reserve account
• The Assessee Company has purchased a machine on Dec 1, 1988
for Rs. 300000 and claimed a deduction of Rs. 375000 (being 1.25
of Rs. 300000) as the machine was meant for an approved in
house research. The particular research activity for which the
machine was purchased ceases on Nov 1, 2012 and the machine
is sold, without being used for any other purposes on Dec 19,
2012 for Rs. 200000. This amount is credited to capital reserve
account.
The profit of Rs. 20000 is calculated before deducting income tax
You are required to compute the total income of the company for the
AY 2013-2014. Give reasons for the adjustments that you make in the net profit.
15. A plant is purchased for Rs. 100000. The depreciation rate is 15% (additional
depreciation rate is 20% in the first year) and the corporate tax rate is 32.445%.
The weighted average cost of capital is 10%. The life of the machine is 10
years. A loan of Rs75000 can be had by accepting public deposits at the
interest rate of 9% for financing the investment in plant. It is assumed that the
public deposits are repaid after 10 years. On the other hand the asset can be
obtained on lease. The lease rentals are at the rate of Rs. 34000 per annum for
primary lease period of 5 years. Beyond this peppercorn rentals Rs. 600 per
5
annum are to be paid. A lease management fee of Rs. 1000 is payable on
inception of the lease. In all three situations suggest the best option.
Section – C
III) ONE Compulsory Case study (No choice) (1 x 20 = 20)
XYZ ltd is considering the purchase of a new machine costing Rs. 60,000 with an
expected life of 5 years and salvage value of Rs. 3000 in replacement of an old
machine purchased 3 years ago for Rs. 30,000 with expected life of 8 years. The
present market value of this old machine is RS. 35000. Because of the purchase of
new machinery, the annual profits before depreciation are expected to increase by Rs.
12000. The relevant depreciation rate for the machine is 15% on WDV basis and tax
rate is 32.445%. Assume the after tax cost of capital (discounting rate) to be 14% and
additional depreciation is not available. Advise the company suitably

St. Joseph’s College of Commerce M.Com. 2013 I sem Advanced Computer Application Business Question Paper PDF Download

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ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATION – OCTOBER 2013
M.COM – III SEMESTER
ADVANCED COMPUTER APPLICATION IN BUSINESS
Duration: 3 hours Max. Marks: 100
SECTION – A
I) Answer any SEVEN of the following questions. (7×5=35)
1. What are the primary characteristics of open system? In what way is a system
entropic?
2. Is there any role for an accountant in SDLC. Explain?
3. Explain any five categories of Internet Security Threats?
4. When should testing start and stop?
5. When and how requirement testing used? What are its objectives?
6. Explain the different types of Information System Auditing approaches?
7. Explain BPO infrastructure.
8. Explain the major objectives of Information System audit?
9. “The move towards more automated financial statements has had an impact in
the way auditor’s carry out their work”-Explain?
10. Explain the term value of information?
SECTION – B
II. Answer any THREE questions from the following: (3×15=45)
11. Explain SDLC with a neat diagram.
12. Explain any three departments of a company where Information Technology
is used to gain advantage?
13. Explain the following with example programs in HTML.
a) How to organize text in web page? Explain the different types of listing
in HTML ? (10 Marks)
b) How to insert an image in web page? What are its attributes? (5 Marks)
14. Briefly describe the eight phases of plan formulation in BCP?
15. “Real time recording needs real time auditing to provide continuous
assurance about the quality of data, thus continuous auditing”-Explain?
2
SECTION – C
IV) Compulsory Question (1×20=20)
16.
In the late 1990’s Phil Gilmour was managing partner of Armstrong Gilmour, a
Walnut Creek California based accounting and consulting firm. A significant
portion of the firm’s business involved administrating private pension funds
for individual clients. Client’s pension and investment data was stored in a
company database, and clients could go online to access the database and
check the status of their accounts.
The portion of the business dedicated to managing pension funds was
growing fast-too fast. Unable to handle the increasing traffic, the database
crashed. Fortunately the company’s computer system had a back up and so
client’s data was safe-or so Gilmour thought. When the company attempted to
restore the pension data from the backup tapes, it found that the data on the
tapes was corrupted. The only option left was an expensive and agonizing one.
Employees at the firm had to spend long hours over the next several weeks
recreating the database manually. But the total cost of the disaster to
Armstrong Gilmour may have been much greater than just the employee time
and thousands of dollars consumed by the database restoration process.
Gilmour, who eventually sold the firm, believes the company lost credibility
with some of its clients after the database crash, and that this loss of credibility
ultimately resulted in millions of dollars of lost value in goodwill.
Questions:
1. Explain the importance of having a backup plan of business records for
Armstrong Gilmour?
2. What was the risk associated with the backup facility of Armstrong
Gilmour. What are the remedies you can suggest?

St. Joseph’s College of Commerce M.Com. 2013 I sem Quantitative Technique For Business Decisions Question Paper PDF Download

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1
ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATION – OCTOBER 2013
M.COM – I SEMESTER
Quantitative Techniques For Business Decisions
Duration: 3 hours Max. Marks: 100
SECTION- A
I) Answer any SEVEN questions. Each carries FIVE Marks (5×7=35)
1 a b+c
1. Given A = 1 b c+a Find Determinant A.
1 c a+b
2. The cost and total revenue of a company that produces and sells x units of a particular
product are C(x) = 5x + 350 R(x) = 50x – x2. Find the break even values, the values of x
that produces profit and values of x that result in a loss.
3. For a certain firm the demand function p=12‐0.4q and cost function is C= 5 + 4q + 0.6q2
Here C denotes total cost, p is the price per unit and q is the quantity produced.
Determine p and q in order to maximize the total profit.
4. Discuss utility of statistics as a managerial tool. Also discuss its limitations.
5. Locate the missing frequencies in the following frequency distribution when the Mode
and Median are 26 and 27 respectively.
6. From an urn containing 12 balls of the same size of which 6 are red, 4 are blue and 2 are
white, 3 balls are drawn at random. Find the probability the i) all the balls are blue ii)
none of the ball is blue.
7. What is meant by skewness in a frequency distribution? Explain.
8. Using three yearly moving averages compute the trend values and short term
fluctuations for the following data.
Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Production
‘000 tonnes 21 22 23 25 24 22 25 27 27 26
9. What is SPSS? Compare the software with MSExcel?
10. Discuss the steps involved in the construction of index numbers.
Class Interval 0‐10 10‐20 20‐30 30‐40 40‐50
Frequency 3 ? 20 12 ?
2
SECTION –B
III ) Answer any THREE questions. Each carries 15 Marks (3×15=45)
11. A) Calculate the coefficient of skewness from the following data:
Marks in a test out of 50 in English : 10, 12, 12, 12, 15, 20, 25, 26, 28, 30
b) Calculate Spearman’s rank correlation coefficient for the following data:
x 35 37 38 42 44 46 51 54 55 56
y 40 32 39 42 41 31 50 52 46 55
(8 +7)
12. a) From the following data find the standard deviation and coefficient of variation using
short cut method.
b)The personal department of a company has records which show the following analysis
of its 200 engineers. If one engineer is selected at random from company, find:
i) The probability that he has only a bachelor’s degree.
ii) The probability that he has a master’s degree, given that he is over 40.
iii) The probability that he is under 30, given that he has only a bachelor’s degree.
Age Bachelor’s
degree only
Master’s
degree
Total
Under 30 90 10 100
30 to 40 20 30 50
Over 40 40 10 50
Total 150 50 200
(10 + 5)
13. a) A decision problem has been expressed in the following pay off table. What will be the
manager’s decision if he has:
i) Maxi‐Max Criterion
ii) Maxi‐Min Criterion
iii) Mini‐Max Regret Criterion
iv) Hurwicz criterion if coefficient α=0.7
iv) Laplace Criterion
States
Of
Nature
Alternatives
A1 A2 A3
S1 2000 2800 1600
S2 2500 1200 1500
S3 1500 1800 1100
x 0‐10 10‐20 20‐30 30‐40 40‐50 50‐60
f 110 80 45 40 30 25
3
b) You are given the following information about advertising expenditure and sales:
i) Obtain the two regression equations.
ii) Find the likely sales when advertising budget Rs.13 lakh
iii) What should be the advertising budget if the company wants to attain sales target of
Rs.105 lakhs.
(7+8)
14. a) The probability that a person aged 60 years will live upto 70 is 0.65. Using binomial
distribution find the probability that out of 10 persons aged 60 atleast 8 of them will live
upto 70.
b) The number of accidents in a year to taxi drivers in a city follows a Poisson distribution
with mean 3. Out of 1000 taxi drivers find approximately the number of drivers with i) no
accidents in a year ii) more than 3 accidents in a year.
c)In a test on electric bulbs, it was found that the life time of a particular job was
distributed normally with an average life of 2000 hrs and standard deviation of 60 hours.
If a firm purchases 2500 bulbs find the number of bulbs that are likely to last for i) more
than 2100 hrs ii) between 1900 to 2100 hrs.
(5+5+5)
15. Calculate the following price index numbers for the data given below
i) Laspeyer’s ii) Paasche’s iii) Dorbish and Bowley’s iv) Fisher’s
v) Walsh Formula
Commodity Base Year Current Year
Price Quantity Price Quantity
A 6 50 10 56
B 2 100 2 120
C 4 60 6 60
D 10 30 12 24
E 8 40 12 36
Advertisement(x)
Rs. In Lakhs
Sales (y)
Rs. In Lakhs
Arithmetic
Mean 10 90
Standard
Deviation 3 12
Correlation
coefficient R=0.85
4
SECTION –C
IV) Case Study ‐ Compulsory Question. (1×20=20)
16. A) In a bolt factory there are four machines A, B, C and D manufacturing respectively
20%, 15%, 25%, 40% of the total production. Out of these 5%, 4%, 3%, 2% are defective.
If a bolt drawn at random was found defective, What is the probability that it was
manufactured by A or D?
b) A toy manufacturer is considering manufacturing a dancing ballerina doll with three
different movement design. One of the following demand events can occur with the
given probabilities:
Demand
(units) Probability
Light demand 25,000 0.10
Moderate demand 1,00,000 0.70
Heavy demand 1,50,000 0.20
The pay off table for the above project is given below. Find EMV and EOL. Which is the
optimum design?
Demand
Strategies
S1
Design1
S2
Design 2
S3
Design 3
Light (25,000) 25,000 ‐10,000 ‐1,25,000
Moderate (1,00,000) ‐1,00,000 4,40,000 3,00,000
High (1,50,000) 6,50,000 7,40,000 7,50,000
Also calculate EPPI and EVPI.
c) Draw a decision tree for the above pay off table.
(7+8+5)

St. Joseph’s College of Commerce M.Com. 2013 I sem Organization Behaviour Question Paper PDF Download

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1
ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATION – OCTOBER 2013
M.COM – I SEMESTER
ORGANIZATION BEHAVIOUR
Duration: 3 hours Max. Marks: 100
SECTION – A
I) Answer ANY SEVEN out of the following ten. (7×5=35)
1. Define Power. Explain the four bases of position power.
2. Explain “Big five dimensions of Personality”.
3. Differentiate between “Groups” and “Teams”.
4. Explain the three components of Attitude.
5. Explain the various “styles” of Leadership.
6. What do you mean by Learning Organizations? What is the need for Organization
Learning ?
7. Explain the ‘types” and “significance” of Values.
8. Explain the three types of organization structure.
9. What are the benefits of a Good Organization.?
10. Explain with the help of a diagram, Mc. Gregors Theory X and Theory Y.
SECTION – B
II) Answer ANY THREE out of the following five questions. (3×15=45)
11. What are the characteristics of an efficient Leader ? Explain the Behaviour Theory of
Leadership.
12. Explain the types of Organization Change. What are the reasons for organization
change? Why people resist change?
13. “Formation of groups is necessary as man is basically a social being’. Comment and
explain. Also explain the “Vroom-Yetton Model’.
14. (i) what is work place politics ? Explain the reasons for the same.
(ii) Give the meaning of Conflict. Explain the “Skills’ required for Conflict
Management.
15. Define “Team”. Explain the significance of Team Building. Also explain the process of
Team Formation with the help of adiagram.
2
SECTION – C
III) COMPULSORY CASE STUDY (20marks)
16.
Hindustan Lever Research Centre (HLRC) was set up in the year 1967 at Mumbai.
At that time the primary challenge was to find suitable alternatives to the edible oils and
fatsthat were being used as raw materials for soaps. Later, import substitution
and export obligations directed the focus towards non-edible
oil seeds, infant foods, perfumery chemicals, fine chemicals, polymers and nickel
catalyst. This facilitated creation of new brands which helped build new businesses.HUL
believes in meritocracy and has a comprehensive performance management system, which
ensures that people are rewarded according to their performance and abilities.
Almost 47% of the entire managerial cadres are people who have joined
through lateral recruitment. Ove r the years many break through innovations
have taken place. Hindustan Lever Research
gained eminence within Unilever Global R&D and became recognized as one of
the six global R&D Centers of Unilever with the creation of Unilever Research Indiain
Bangalore in 1997.A t Banga lor e R&D cent e r , a t e am of 10 sc i ent i s t s we r e
appoint ed for a proj e c t on ‘shampoo’ line. Suranjan Sircar heading the team as
Principal Research Scientist with the
support of Vikas Pawar, Aparna Damle, Jaideep Chatterjee, Amitava Pra
manik asResearch Scientists. Suresh Jayaraman & Punam Bandyopadhya
y we r e Re s e ar chAssociates. Vikas Pawar came up with an idea of pet shampoos during
brainstorming with the team.“Hey, why don’t we target the pet care segment because
in India, pet industry is being seriously looked at as a growing industry. I had
been working on this concept for a few weeks & have done some initial research
as well”, said Vikas. “I think we should just focus on the dog segment &
bring out a range of shampoos that are breed specific ,contributed by
AparnaDamle, who was a new unmarried scientist in the company. “Oh
that’s a really great idea, a breakthrough” said Jaideep &Amitava appreciating
Aparna. The idea given by Aparna got support from both colleagues & head. Vikas was
although not comfortable with his credit being taken away. He also felt that
creating brand specific shampoos would not be a profitable innovation thus, no
point concentrating efforts on that. With this in mind he put his point forward
but couldn’t gather consensus. After the discussion, Jaideep &Amitava being friends to
Vikas, consoled him & showed confidence in his plan & thoughts. “We understand what you
are going through. The idea was yours & Aparna took all your credit. Don’t worry we are
with you & be careful from next time.
Nevertheless, in the meeting Aparna presented her proposal for
the ide a ment ioning requirements & chemical details. The meeting began with
motivational speech & plan of action by the head of the team. A lot was discussed in detail &
tasks were allotted alongwith deadlines.Immediately after the presentation Jaideep
&Amitava approached Aparna& eulogized her research & proposal reiterating the
importance of breed specific range of shampoos. V ikas lay as ide hi s ego & went
3
ahead with full dedication & commitment, however during the tenure of
the research he noticed poor attitude of team members. Punam was not regular
with deadlines; she submitted her research on breeds four days after deadline. Suresh was
asked to coordinate with members looking into chemical research but Vikas observed him
most of the times in the recreation room, so he asked him “Hi, so what’s the
progress in chemical research so far?” Suresh replied that he had done whatever
he was asked to do by senior scientist. He reported this lack of commitment & proactive
attitude to Suranjan Sircir & asked for an action against them. “Hmm… I know what’s
happening in the team. I have worked for 20 years in this industry & from my
experience I know what to do & when to do”, he retorted back. Finally the project
got completed 4 months after deadline. Vikas went back to the lab; sitting &
wondering at the flaws in the group.
Questions:
Q1 Analyse the group behaviour of the team. Study the informal & formal groups in this
case.
Q2 Point out flaws in the group & recommend solutions to overcome them.

St. Joseph’s College of Commerce M.Com. 2013 I sem International Financial Institutions & Markets Question Paper PDF Download

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1
ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATION – OCTOBER 2013
M.COM – I SEMESTER
INTERNATIONAL FINANCIAL INSTITUTIONS & MARKETS
Time: 3 hrs Max. Marks:100
SECTION – A
I) Answer any SEVEN of the following questions. (7×5=35)
1. “IMF plays an important role in International Trade & Financial
Management”-in this context explain the functions of IMF
2. How are forward contracts different from Future contracts?
3. Explain: a) Types of swaps b) FRA c) Netting of Derivatives
4. Bring out the functions of financial markets.
5. Write short Notes on LOC
6. Explain Translation exposure, Transaction exposure & Economic exposure
7. A U.S investor obtains British Pounds when it is $1.50.and invests in one
year money market security that provides a yield of 5%. At the end of one
year the investor converts the proceeds back to $ @ $1.52/pound.
Calculate the Effective rate
8. “Money market have a variety of instruments”.- Elucidate
9. Explain recent measures taken by RBI to control the falling value of Rupee.
10. Find out if there is a scope for Covered Interest Arbitrage and gain/ loss if
any from the following details.
Spot rate- Chinese Yuan 6.00/$, 6 months forward rate-Chinese Yuan
6.0020/$,
6 months interest rate in U S – 5%, China – 8 %. If transaction involves $
1,000 due 6 months hence.
SECTION – B
II) Answer ANY THREE of the following (3×15=45)
11. Mr Peter, 75 years old senior citizen is currently unable to meet his
financial needs, However he owns a Residential property worth $ 1,00,000
. He is contemplating to sell the same, however he seeks your opinion to
determine whether he has any other alternative. What would be your
suggestion, explain in detail.
12. How do International Financial Institutions manage Credit Risk?
13. a) On Monday Morning an investor takes a Long position in a £ future
contract that measures on Wednesday afternoon. The strike Price is $1.70
for £ 62,000. At the close of the trading Future Prices are:
2
MONDAY 1.72$
TUESDAY 1.73$
WEDNESDAY 1.71$
Determine the daily position of the investor and Net profit or Loss incurred
on settlement.
b) A hedger takes a put option in 5 Treasury Bonds future contracts at a
strike price of 98-5. Each contract is for $1,00,000 principal. When the position
is closed the price is 95-12. What is the gain or loss?
c) Suppose you buy a call option on a $ 1,00,000 TB future contract with an
exercise price of 110 for a premium of $1500. If on expiration the price is 111.
What is your profit or loss. Would you exercise your option? What is the gain
or loss of the writer after your decision?
14. Write Notes on GDR including its issue process. How are ADR different
from them.
15. You have called your foreign exchange trader and asked for quotations on
the spot, one month, three months and six months. The trader has
responded
with the following:- $0.02479/81 3/5 8/7 13/10
a. What does it mean in terms of dollars per Philippine peso
b. If you wish to buy spot Philippine peso how much would you pay in
dollars
c. If you wish to buy spot, one, three, six months dollars, how much
would you have to pay in Philippine peso
d. What is the premium /discount in one, three and six months forward
rate in annual percentage assuming you are buying Philippine peso
e. If Rs. 59.72/ $ , how much is one Philippine peso
SECTION – D
III) Case study – Compulsory question. (20 marks)
16. Amex Cards Co. are planning to acquire a New independent Office at
Mumbai for which it requires Capital and is planning to Mortgage its
future Cash Flows from its Credit Card payments in the form of securities.
In the light of this explain Securitisation.

St. Joseph’s College of Commerce M.Com. 2013 I sem Information Technology For Business Question Paper PDF Download

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1
ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATION – OCTOBER 2013
M.COM – I SEMESTER
INFORMATION TECHNOLOGY FOR BUSINESS
Duration: 3 hours Max. Marks: 100
SECTION – A
I .Answer ANY SEVEN from the following questions. (7×5=35)
1. Explain the need for Management Information Systems in business
organization?
2. “E-Commerce has changed the way the business is being carried on.”Explain
impact of ecommerce on business?
3. Explain the components of DSS?
4. What is data dictionary with regard to data warehouse? What is its role?
5. Give a comparative study between data, information, knowledge and
intelligence?
6. Explain ISDN?
7. What is the function of Office Automation System?
8. How important is informal information system in system analysis?
9. Explain the concept of VPN?
10. What is a server machine? Explain client server architecture?
SECTION – B
II. Answer ANY THREE questions from the following: (3×15=45)
11. Explain the following:
Financial Information System
Marketing Information System
Manufacturing Information system
12. Explain the concept of EDI architecture? Describe EDI components.
13. Explain Transaction Processing System with a neat diagram.
14. Explain any three internet security techniques?
15. What is the difference between a database and DBMS? For what reasons do
organizations choose to have DBMS? What the limitations are of file
oriented environment?
2
SECTION – C
III) Compulsory Question. (1×15=15)
Pepsi Cola Co: Web Marketing Strategies
Would you shop for a soft drink online? We feel , frozen food has more Epotential.
But soft drinks? So, why is Pepsi Cola Co. trying so hard online?
Pepsi has a range of programs on the virtual air, from music sites to banner ads
to internet sweepstakes. Though only 3% of its estimated $400 million, soft drink
ad budget goes online, that belies the emphasis the company places on the
web.”This medium is here to stay, and we buy that, “says John Vail, director of
Marketing and Digital media for Pepsi Cola.
One reason: Despite the difficulties in measuring online ad performance, Pepsi
has crafted deals that already show benefits. In a barter arrangement with Yahoo!
Inc. this summer, Pepsi plastered the portal’s logo on 1.5 billion cans. In return,
Yahoo took the cola company’s already established loyalty program, Pepsi Stuff,
to new heights. It let consumers to collect points from bottle caps. The points
were redeemable on the Web site for prizes-everything from electronic goods to
concert tickets.
Three million consumers logged on and registered at the Pepsi Stuff site, giving
the cola company detailed consumer data that normally must be paid for in
market research. Information that once took months to obtain could now be in
days. So they got the real time data. Sales volume rose 5% during the online
promotion and the cost was about one-fifth what it had been as a mail-in project.
The Web is the medium of choice for Pepsi’s prime demographic audience. For
Pepsi knows that it’s E-commerce marketing strategies are work in progress. On
February 28, 1996 the company launched Pepsi World, a Web site of sponsored
content to attract the youthful consumer. Sports and music news was mixed with
online games and animation. But traffic numbers that Pepsi hadn’t reached its
target. By 1997, Vail revamped the site. Going forward, Pepsi plans to expand on
its web site-centric E-Commerce marketing efforts. Although banner ads and
other more traditional ad buys have had some success, it’s creation of engaging
Pepsi Web sites that has given the brand the most traction online.
Questions:
1. What are the major business benefits of Pepsi’s online marketing efforts?
2. Do you approve of Pepsi’s E-Commerce marketing strategy? Why or why
not?

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