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Posted Date: 02 Jun 2008 Posted By: Saranya Member Level: Platinum
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2007 Alagappa University Other Master's Degree Master of Finance and Control Programme MANAGEMENT CONCEPTS AND PRACTICE Question paper
DISTANCE EDUCATION
M.F.C. DEGREE EXAMINATION, DECEMBER 2007.
First Year
MANAGEMENT CONCEPTS AND PRACTICE
Time : Three hours Maximum : 100 marks
PART A — (5 ? 8 = 40 marks)
Answer any FIVE questions.
1. Discuss the nature and scope of management. Is management a science or an art or both?
2. Define Management by Objectives (MBO) and give its features.
3. Explain the various steps in the planning process.
4. What are the features of strategic planning? Discuss the determinates of a strategy.
5. Define Decision-making. What are the various types of decision?
6. Distinguish between ‘delegation of authority’ and ‘decentralization of authority’.
7. Define performance appraisal. State its significance in management.
8. Examine important features of controlling. What are the basic steps in process of controlling?
PART B — (4 ? 15 = 60 marks)
Answer any FOUR questions.
9. “F.W. Taylor is said to be the father of Scientific Management and Henri Fayol, the father of Principles of Management”. Examine this statement.
10. What are the various kinds of plans? Briefly describe the purpose and advantages of each type.
11. Explain the process of organizing. Discuss the significance of sound organization in the successful running of a business enterprise.
12. Discuss briefly the different methods of training managers.
13. Compare and contrast Maslow’ s theory of need hierarchy and Herzberg’s Theory of need hierarchy.
14. Explain management Audit as a control technique. What are its advantages and limitations?
15. Discuss various techniques of control of overall performance of an industrial enterprise.
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