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UGC NET DEC 2008 : MANAGEMENT PAPER III

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Signature and Name of Invigilator Roll No. (In figures as per admission card) 1. (Signature) (Name) Roll No. 2. (Signature) (Name) Test Booklet No. D 1 7 0 8 Time : 2 hours] (In words) PAPER III MANAGEMENT Number of Pages in this Booklet : 40 [Maximum Marks : 200 Number of Questions in this Booklet : 26 Instructions for the Candidates U U 1. Write your roll number in the space provided on the top of this page. 1. U DU U S U U U U U 2. U U U, U S U U 2. Answers to short answer/essay type questions are to be given in the space provided below each question or after the questions in the Test Booklet itself. U U No Additional Sheets are to be used. 3. U U U, - S U U U - S U U 3. At the commencement of examination, the question booklet will be given to you. In the first 5 minutes, you are requested to open the booklet and compulsorily examine it as below : (i) - S U U U U U U U S U U- U S S U U (i) To have access to the Test Booklet, tear off the paper seal on the edge of this cover page. Do not accept a booklet without sticker-seal and do not accept an open booklet. (ii) U DU U U U - S DU U U U U U U S DU / U U U U U S S U U U U U S U U - S U U - S U UQ (ii) Tally the number of pages and number of questions in the booklet with the information printed on the cover page. Faulty booklets due to pages/questions missing or duplicate or not in serial order or any other discrepancy should be got replaced immediately by a correct booklet from the invigilator within the period of 5 minutes. Afterwards, neither the question booklet will be replaced nor any extra time will be given. 4. U U 4. Read instructions given inside carefully. 5. One page is attached for Rough Work at the end of the booklet before the Evaluation Sheet. 5. U U- S (Rough Work) U U DU 6. If you write your name or put any mark on any part of the Answer Sheet, except for the space allotted for the relevant entries, which may disclose your identity, you will render yourself liable to disqualification. 6. U- S U , U U U U 7. U # U U- S U U U U U # U U U U 7. You have to return the Test booklet to the invigilators at the end of the examination compulsorily and must not carry it with you outside the Examination Hall. 8. / U Z U S U 8. Use only Blue/Black Ball point pen. 9. Use of any calculator or log table etc. is prohibited. 9. U ( U U) U U 10. There is NO negative marking. 10. U U D 1708 1 P.T.O. MANAGEMENT PAPER III - III NOTE : This paper is of two hundred (200) marks containing four (4) sections. Candidates are required to attempt the questions contained in these sections according to the detailed instructions given therein. (200) (4) S D 1708 2 SECTION - I U I Note : This section contains five (5) questions based on the following paragraph. Each question should be answered in about thirty (30) words and each carries five (5) marks. (5x5=25 marks) ( 5) (30) ( 5) (5x5=25 ) Scientific management focuses primarily on the work to be done. At the heart of scientific management is the organized study of work, the analysis of work into its simplest elements and systematic improvement of worker s performance of each of these elements. Scientific management can be described as a systematic philosophy of worker and work. Scientific management, in spite of the hype that it created, has not completely succeeded in solving the problem of managing worker and work. In the words of Peter F. Drucker, Scientific management has two blind spots one engineering and one philosophical . The first blind spot is the belief that since work has to be decided into the simplest constituent motions, it should also be arranged as a series of individual motions - each motion being carried out by an individual worker. It is quite correct to state that work should be analysed by the motions that constitute it. But, it is an erroneous view that by confining the work to an individual operation, one can do the work in a much better fashion. For the human resource to be used productively, the individual operations must be analysed, studied and improved and jobs be formed out of these operations which utilize a workers specific talents. The second blind spot of scientific management is the divorce of planning from doing . Work becomes more effective and productive if it involves a good amount of planning. It would be absurd to say that the planner and the doer should be two different persons just because planning and doing have been separated in work analysis. Planning and doing are the separate parts of the same job. No work can be performed effectively unless it includes both these elements. As Drucker very aptly says, Advocating the divorce of the two is like demanding that swallowing food and digesting it be carried out in two separate bodies . The two blind spots of scientific management help us understand why its application is met with resistance from the workers. As a worker is taught individual motions, he acquires habit and experience rather than knowledge and understanding. As the emphasis is placed on the doing aspect, bringing in change would cause the workers to feel insecure scientific management does not take into consideration the fact that change is inevitable and one of the major functions of an organization is to bring about change. U U U , U c S U U U S , m U - , U S D 1708 3 P.T.O. U U U . U U -S - U U U -S U , S U - m U U m U U , U c U , L U c U U , U c Z U c U U U U S U U U U U U U U U , U U U U U U - Z U U U m U -S , U U , U U U , U U U U U U U U 1. Examine the opinion of Peter F. Drucker on scientific management. U U . U U U U D 1708 4 2. What is the essence of Scientific Management ? U ? 3. How can the divorce of planning and doing improve the productivity and effectiveness of work ? U U U U U ? D 1708 5 P.T.O. 4. Why was there resistance against acceptance of scientific management by the workers. m U U ? 5. What is the engineering part of scientific management ? How does it compliment the philosophical part of it ? Explain. U ? U U ? D 1708 6 SECTION - II U II Note : This section contains fifteen (15) questions each to be answered in about thirty (30) words. Each question carries five (5) marks. (5x15=75 marks) (15) (30) (5) (5x15=75 ) 6. What are the salient features of Monopolistic-Competition ? U- ? D 1708 7 P.T.O. 7. What do you mean by Circular Flow of National Income ? U c U U ? 8. Explain in brief Maslow s theory of motivation. S U h D 1708 8 9. What is Balanced score card ? U S U U ? 10. Write major functions of a Trade Union. . D 1708 9 P.T.O. 11. State derivation of cost of debt adapting both book-value and market-value approach. U U- h U c 12. Define functions of financial management. U U D 1708 10 13. Distinguish between marketing information systems and marketing Research. h U 14. List out different distribution channels. U h D 1708 11 P.T.O. 15. Describe briefly the basic steps to be followed in developing PERT/CPM programme How does PERT differ from CPM ? U U / U U U , 16. What is rank correlation ? How it is measured ? Why rank correlation is used ? ? ? D 1708 12 17. Define a simple random sample. Describe briefly some practical methods of drawing a random sample from a finite population. U U U U U U 18. Explain generic strategies. How these strategies can be used to gain competitive advantage ? U S U U S c U U U - U ? D 1708 13 P.T.O. 19. Discuss the basic features of small enterprises. l 20. Identify the ethical issues involved in gender related problems in organisations. U U g D 1708 14 SECTION - III U III Note : This section contains five (5) questions from each of the four different electives specialisation. The candidate has to choose only one elective specialisation and answer all the five questions from it. Each question carries twelve (12) marks and is to be answered in about two hundred (200) words. (12x5=60 marks) - (5) (200) 12 (12x 5=60 ) Elective - I U I 21. Selection process identifies candidates who are competent in that process rather than candidates who are most competent to perform the job on offer . Discuss. U U 22. 360 degree appraisal may have many advantages, but there is the argument that it can never really work because of the built in biases . Discuss. 360 U , U S 23. No matter how much we encourage individuals to plan their careers, at the end of the day it comes down to opportunity and chance . Discuss. U U, U U U 24. Job evaluation does not produce equitable payment, it merely produces a ramshakle method of justifying the status quo . Discuss. U , S U U U D 1708 15 P.T.O. 25. In the recent years due to a variety of reasons and compulsions Industrial Relations is being pushed towards Employee Relations . Discuss. U Z U U l U U U OR / Elective - II II 21. Explain the stages in the New product development. S S 22. Packaging is an effective marketing tool . Discuss. U 23. How do you distinguish marketing of services from marketing of products. S U U 24. Explain the mature and significance of customer relationship management. 25. What are the essentials of a good brand ? Explain the advantages of branding. U U ? U OR / Elective - III III 21. Discuss the utility of common size analysis and index analysis. - U - 22. For analysing the risk involved in capital budgeting decision, simulation is superior to sensitivity analysis. - $ U U M U D 1708 16 23. The stock of P Ltd. performs well relative to other stocks during recessionary periods. The stock of Q Ltd. On the other hand, does well during growth periods. Both the stocks are currently selling for Rs. 50 per share. The rupee return (dividend plus price) of these stocks for the next year would be as follows : Economic Condition Low growth Sta gnation Recession 0.32 0.22 0.18 50 60 70 65 50 40 High growth Probability 0.28 Return of P Ltd. Stock 55 Return of Q Ltd. Stock 75 Calculate the expected return and standard deviation of : (a) Rs. 1000 in the equity stock of P Ltd.; (b) Rs. 1000 in the equity stock of Q Ltd; (c) Rs. 500 in the equity stock of P Ltd and Rs. 500 in the equity stock of Q Ltd. (d) Rs. 700 in the equity stock of P Ltd and Rs. 300 in the equity stock of Q Ltd. Which of the above four options would you choose ? Why ? P U U S U S U U c U U Q U U S U U c U S U L . 50 U S U M ( ) U h h S U P U U S U Q U U S U 0.28 0.32 0.22 0.18 55 50 60 70 75 65 50 40 (a) P U U L . 1000 U (b) Q U U L . 1000 U (c) P U U L . 500 U U Q U U L . 500 U (d) P U U L . 700 U U Q U U L . 300 U U U U U ? D 1708 17 P.T.O. 24. Discuss the meaning and utility of Factoring and forfaiting and distinguish between them. U U U U U U U U U 25. Explain transaction exposure, translation exposure and operating exposure with reference to International Finance. U c U - , M U U OR / Elective - IV IV 21. Discuss India s foreign trade policy changes in the post liberalisation era as a sequel to globalisation. U U U U U U U 22. Explain the Export Documentation Procedure. U U 23. Examine the importance of Marine Cargo Insurance. U U 24. Discuss the relationship amongst the interest rates, exchange rates, inflation and purchasing power by using parity theorems. h U U , U , S U 25. Discuss the relevance of Trade Blocks in the context of Globalization. U U D 1708 18 D 1708 19 P.T.O. D 1708 20 D 1708 21 P.T.O. D 1708 22 D 1708 23 P.T.O. D 1708 24 D 1708 25 P.T.O. D 1708 26 D 1708 27 P.T.O. D 1708 28 D 1708 29 P.T.O. SECTION - IV IV Note : This section consists of one essay type question of forty (40) marks to be answered in about one thousand (1000) words on any of the following topics. (40x1=40 marks) (40) , (1000) (40x1=40 ) 26. In the emerging global business scenario, collective bargaining is the best method to decide about matters related to terms of employment relationship as well as the relationship between the bargaining parties themselves . Comment on this statement and discuss types of flexibilities that are being negotiated at the workplaces. U U U U U U c U h U U S U OR/ Explain the characteristics of each stage of product life cycle. Examine different marketing strategies to be adopted in each stage of PLC with illustrations. S S U U U OR/ Proper working capital management is the backbone for success of the organisation. Discuss various aspects of working capital management from angle of profitability and liquidity. S S U U U U S U OR/ What are the unresolved contentions issues/areas before WTO ? Explain the rationale behind the India s stand in the WTO with respect to agriculture. U . U . . S g ? U U U S U U OR/ D 1708 30 Distinguish between complete enumeration and sample survey. What are the advantages of sampling over complete enumeration. Describe in brief different sampling methods. U D 1708 31 P.T.O. D 1708 32 D 1708 33 P.T.O. D 1708 34 D 1708 35 P.T.O. D 1708 36 D 1708 37 P.T.O. D 1708 38 D 1708 39 P.T.O. FOR OFFICE USE ONLY 1 26 51 76 2 27 52 77 3 28 53 78 4 29 54 79 5 30 55 80 6 31 56 81 7 32 57 82 8 33 58 83 9 34 59 84 10 35 60 85 11 36 61 86 12 37 62 87 13 38 63 88 14 39 64 89 15 40 65 90 16 41 66 91 17 42 67 92 18 43 68 93 19 44 69 94 20 45 70 95 21 46 71 96 22 47 72 97 23 48 73 98 24 49 74 99 25 50 75 Marks Obtained Question Number Marks Obtained Question Number Marks Obtained Question Number Marks Obtained Question Number Marks Obtained 100 Total Marks Obtained (in words) ..................................... (in figures) .................................... Signature & Name of the Coordinator ............................... (Evaluation) D 1708 Date ............................. 40

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Additional Info : Ugc Net December 2008 Question Paper - Management Paper III
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