Wednesday, May 5, 2010

CS614 Idea Sol

The Medinest pharmaceutical is life saving drugs Distributor Company that have registered district level franchisees in all over Pakistan. Medinest take list of finished products (medicines) from different medicine manufacturers. These products are of different categories from heart diseases to simple pain killers.

On demand the Medinest Company delivers the products to the particular franchisee. All the Franchisees make advance payment to the company account, either through online banking or through demand draft. As the franchisee is assigned the limited area. So no two franchisees are allowed to sale the products in one area. If the Franchisee is not able to meet the company sale target then company has the right to cancel the membership of that franchisee.

You are required to find the total attributes of all the relations used in this scenario, find the Facts for the fact table and also draw the star schema of the given scenario.

NOTE: - These Assignments OR Quiz are just for idea, so kindly don't copy it, after viewing it make your own. Thanks We always try our best to upload 100% correct solution BUT it is requested that you kindly review it before submission, please BEST OF LUCK, Thanks to those students those send me Assignments and quizzes. If you have any Assignment and quiz kindly send at jamilbookcenter@yahoo.com

CS507 Ass Sol Idea

Information System

Q. 1: What is the role of CRM in challenging economy?

What is CRM?

It is based around a few premises on customers:

New customers are expensive to capture (estimates put the cost at as much as ten times the cost of a retained customer) and take time to deliver value Lost customers tell many others about their experiences and rarely come back Retained customers are better value and in time move from being clients to becoming advocates working on your behalf Your major efforts should be spent on excellent customers or groups of customers - i.e. those that are likely to yield good returns.

Catalysis plays a dominant role in industrial chemical manufacturing. Complementary research in academic laboratories can be instrumental in initiating technology breakthroughs.

The importance of catalysis to the chemical industry is enormous. An estimated 90 per cent of chemical production processes are based on catalytic technologies

Encompassing four major market sectors: fuel refining, polymerization, chemical production, and environmental remediation. The worldwide market for solid catalysts in on the order of US $2 billion annually and the total value of fuels and chemicals derived by catalysis is close to US $900 billion

Reasons for the widespread use of catalysis are both economically and environmentally compelling: catalytic processes have, as a role, lower operating costs and yield higher purity products with fewer side-products (hence fewer environmental hazards) compared to non-catalytic processes

The strategic importance of catalysis to modern industrialized economies has been affirmed by several of Canada's international competitors. The US, Britain, the Netherlands and Germany have recently created national R&D programs to foster innovation in catalysis and the transfer of technology from academic research laboratories to industry. Catalysis is considered to be the key to the high value-added products which create the positive balance of trade for the US chemical industry

In contrast, the Canadian chemical industry posts a net trade deficit (US $10 billion in exports vs. US $15 billion imports in 1997)

However, major growth areas for Canada are organics and plastics, both of which stand to benefit from new or improved catalytic processes. The strategic importance of catalysis to modern industrialized economies has been affirmed by several of Canada's international competitors. The US, Britain, the Netherlands and Germany have recently created national R&D programs to foster innovation in catalysis and the transfer of technology from academic research laboratories to industry. Catalysis is considered to be the key to the high value-added products which create the positive balance of trade for the

chemical industry .In contrast, the Canadian chemical industry posts a net trade deficit (US $10 billion in exports vs. US $15 billion imports in 1997). However, major growth areas for Canada are organics and plastics, both of which stand to benefit from new or improved catalytic processes.
Serendipity and Design in Catalyst Discovery
The earliest recognition of a catalytic phenomenon is credited to Sir Humphrey Davy, who reported, in the early 19th century, the incandescence of metals in contact with mixtures of air and combustible gases. Shortly after, J.J. Berzelius described "a new power, hitherto unknown, common both in organic and inorganic nature ... I shall ... call it catalytic power. I shall also call catalysis the decomposition of bodies by this force." Berzelius' idea of catalytic force recalls the "Vital Force" of the alchemists, who deemed a trace amount of an essential substance necessary to effect the transformation of a much larger quantity of base lead into gold.

Q;2 Why Many CRM initiatives, however, fail to deliver the expected benefits?

Three big reasons CRM initiatives fail

CRM failure rates have remained high during the last ten years, indicating that many organizations don’t receive full benefit from their CRM initiatives. Let’s examine important reasons for this unfortunate situation.

Although relatively few projects become complete write-offs, partial failure is common. Most often, a project delivers some expected benefit, but still leaves users unsatisfied and business sponsors wondering what went wrong.

This list describes three major pitfalls that plague many CRM initiatives. While not a comprehensive inventory of potential problems, many projects succumb to these big causes of failure.

Failure 1: Installing technology without a business strategy.
Many organizations fall into the trap of deploying tools and technology without creating a proper CRM-related business strategy.

For most organizations, customer relationships involve a range of interactions that together achieve (hopefully) positive results. Creating and executing a business strategy is difficult because CRM initiatives typically involve numerous components and moving parts.

A Gartner research document describes the importance of strategy:
A unified CRM strategy is absolutely critical to CRM success, but developing and implementing such a strategy is a complex, difficult and intensely political process.

Baseline magazine discusses the wide-ranging impact a full CRM strategy can have across an organization and its customer ecosystem:
[A] root cause of CRM failure is looking at the projects as software deployments when, in order to take full advantage of the systems’ capabilities, a substantial reorganization must be performed on virtually every operation touching customers.

A somewhat cryptic comment from Marketing Management magazine makes a similar point:
CRM mandates a synergistic combination of inter-departmentally construed strategies, programs, and processes. It is the weakest link in this combination that will determine the ultimate success or failure of CRM.

In other words, successful CRM initiatives focus on business objectives and use technology as a support to help reach those goals.

Think about CRM as a business strategy to help you organize plans and activities around better serving customers; although technology can help, it’s not the goal. Forget this lesson at your peril.

Failure 2: Paying insufficient attention to user needs and benefits.
Engaging users is critical to the success of any enterprise software deployment, but particularly so in the case of CRM, where users can sometimes sidestep the technology and still accomplish their job function.

A research note from AMR Research explains why this aspect of CRM is different from other enterprise software categories:
In applications such as ERP, supply chain, or financial management applications, the users have much less flexibility or choice in whether or not to adopt an enterprise application standard. And when was the last time you heard someone question why financials were implemented?

A quick search reveals that many observers believe poor user adoption is a key driver of failed CRM projects. In a Search CRM interview, Sugar CRM’s former CEO, John Roberts, links adoption to end-user perception of value (emphasis added):
In a lot of cases, companies deploy CRM, and there’s a lot of euphoria over it for the first couple of months. Then, people stop using it. They look at it as ‘Big Brother’ watching them. CRM is sold as a tool to make an organization more effective and efficient; but the end user doesn’t see CRM as making them more efficient and effective.

In my view, poor user adoption is not the direct cause of CRM project failure. Rather, it’s a symptom the organization has not anticipated obstacles that may interfere with users embracing the new system.

Adoption may lag for many reasons, including:

(1)Software that is complicated or difficult to use

(2)Sales people that don’t see adequate value in the new system

(3)Poor communication of benefits to users

Get users to adopt a new CRM system by focusing on the WIFM (What’s In It For Me) factor. I asked independent analyst, Erin Kinikin, for her thoughts on engaging users:
The sales person is quarterback for the customer team. Give the sales people good reasons to login and use the system. If the sales person feels the system saves time, makes money, or helps ‘keep score’, he or she will be much more likely to use the system — and enter customer data.

One banker involved with CRM efforts told me:
Frontline users, particularly the most effective “top-producers,” will adopt the system only on the basis of real or perceived value.

Engage users early and often during the system planning and implementation phases, so they understand what’s in it for them. When users do not adopt a system as planned, seek their honest feedback on how to make it more usable, helpful, and valuable.

Failure 3: Using ambiguous (or non-existent) measures of project completion and success.
Successful CRM projects are rooted in a clear trajectory aimed at achieving specific goals and objectives. Projects without concrete goals and a plan to measure both progress and results are distinct candidates for failure.

During a phone conversation, longtime Gartner CRM analyst, Gareth Herschel, described this issue succinctly:
One of the most common reasons for CRM failure is starting a project without first establishing a clear definition of success.

To solve the problem, articulate specific goals and create a targeted measurement plan designed around your organization’s business objectives. Paying attention to the right metrics can help ensure your project produces the results you seek.

I asked independent analyst, Erin Kinikin, to describe the importance of measurement:
If CRM is the ultimate destination, the measurement plan is what tells you where you are now and points to where to go next. For example, it’s not enough to decide to increase sales. Using a measurement plan, concrete metrics — such as number and quality of sales leads, lead freshness, cycle time and win/loss rates by sales stage, and repurchase or up sell rates — can help assess current strengths and weaknesses, measure CRM gains, and identify areas for further improvement. Doing CRM without metrics is like driving without a roadmap — who knows where you’ll end up?

Forrester CRM and customer service analyst, Natalie Petouhoff, is an expert on using metrics to align technology initiatives with business goals. She commented via email:
You get what you measure.

Although the analytical part of CRM offers the real gold, most companies have barely deployed “operational” CRM, which is a functional, relational database to keep track of customer information.

These organizations are just not prepared to handle all the issues related to legacy systems, reworked business processes, management expectations, organizational change management, and so on. They get bogged down trying to deploy operational CRM so the analytics never get implemented.

Without measuring, how can you know whether the business case used to sell the value proposition actually achieves results? This obvious point has somehow eluded most companies.

Organizations should measure changes in business results arising from major software deployments. Fiduciary responsibility demands senior management report this information to the Board of Directors.

Aside from IT, can any other part of an organization spend millions and not be held accountable for the results?

Use metrics to drive results that support your business goals. In the absence of metrics, expensive CRM initiatives can drift into failure without ever delivering meaningful benefit.

During an irreverent phone conversation, CRM legend and fellow ZDNet blogger, Paul Greenberg, summarized the fundamental reason many projects don’t perform as expected:

Companies expect to be the center of attention, but successful CRM depends on listening and understanding the customer. Sadly, most companies are pretty stupid about this stuff.

My take. CRM success arises from listening to customers, considering the needs of end users, and not substituting technology deployments for well-considered business goals.

Tuesday, May 4, 2010

FIN621 Quiz

Question # 1 of 15 ( Start time: 03:27:58 PM ) Total Marks: 1

All of the following accounts would be closed in Income Summery Account EXCEPT:

Select correct option:

Commission earned account

Prepaid insurance

Salaries Expense account

Wages account

Question # 2 of 15 ( Start time: 03:28:56 PM ) Total Marks: 1

Which of the following is NOT one of the four basic financial statements?

Select correct option:

Balance sheet

Audit report

Income statement

Statement of cash flows

Question # 3 of 15 ( Start time: 03:29:40 PM ) Total Marks: 1

Which of the following account would be classified as a current asset on the balance sheet?

Select correct option:

Accumulated depreciation

Accounts receivable

Office equipment

Land

Question # 4 of 15 ( Start time: 03:30:23 PM ) Total Marks: 1

Which of the following may include the “analyzing the transaction” the first step of the accounting cycle?

Select correct option:

Determining the transaction amount

Determining the effected accounts

Identifying the event as a transaction

All of the given options

Question # 5 of 15 ( Start time: 03:30:54 PM ) Total Marks: 1

Financial statements are a subset of which of the following?

Select correct option:

Financial reporting

Financial statement analysis

Accounting information

Accounting system

Question # 6 of 15 ( Start time: 03:31:32 PM ) Total Marks: 1

Which of the following account would NOT be closed to the income summary account at the end of a period?

Select correct option:

Rent expense

Revenue earned

Wages expense

Accumulated depreciation

Question # 7 of 15 ( Start time: 03:32:13 PM ) Total Marks: 1

A business has purchased a building on cash, how it would be recorded in the journal?

Select correct option:

Building - Debit; Cash - Credit

Cash - Debit; Building - Credit

Building - Debit; Owner’s equity - Credit

Building - Debit; Accounts Payable - Credit

Question # 8 of 15 ( Start time: 03:33:03 PM ) Total Marks: 1

Pre-paid expense is a(n) _________ type of account.

Select correct option:

Liability

Asset

Revenue

Expense

Question # 9 of 15 ( Start time: 03:33:56 PM ) Total Marks: 1

An entry that effects more than one accounts is knows as _____________.

Select correct option:

Journal entry

Compound entry

Adjusting entry

Reversing entry

Question # 10 of 15 ( Start time: 03:34:29 PM ) Total Marks: 1

Which of the following would be affected by the difference between revenues and expenses?

Select correct option:

Assets

Owner’s equity

Liabilities

Capital

Question # 11 of 15 ( Start time: 03:35:51 PM ) Total Marks: 1

According to _______ the personal expenses paid by Mr. A from his own pocket would not be recorded in business books of account.

Select correct option:

Realization principle

Separate entity principle

Matching principle

Materiality principle

Question # 12 of 15 ( Start time: 03:37:01 PM ) Total Marks: 1

Which of the following is true about the “Profit” earned by the business?

Select correct option:

It shows the amount that is received from the customer in cash only

It always results in increase in closing cash balance of a period

It affects the owner’s equity and liabilities in balance sheet

It may improves the liquidity position of a business

Question # 13 of 15 ( Start time: 03:38:29 PM ) Total Marks: 1

Which of the following term refers to each element of the Balance Sheet?

Select correct option:

Ledger

Journal General

T- Account

Account

Question # 14 of 15 ( Start time: 03:39:37 PM ) Total Marks: 1

Which of the following is TRUE about both sides of the trial balance?

Select correct option:

Both sides are always positive

Both sides are negative

Both sides are equal

Both sides are not linked which each other

Question # 15 of 15 ( Start time: 03:40:19 PM ) Total Marks: 1

Which of the following represents the negative future cash flows for an enterprise?

Select correct option:

Assets

Owner’s equity

Liabilities

Capital

Another Quiz # 1

Question # 1 of 15 ( Start time: 03:09:37 PM ) Total Marks: 1

Financial statements are a subset of which of the following?

Select correct option:

Financial reporting

Financial statement analysis

Accounting information

Accounting system

Question # 2 of 15 ( Start time: 03:12:19 PM ) Total Marks: 1

Which of the following is an example of an accrual?

Select correct option:

Equipment purchased for use in the business

Book-keeping fees collected but not yet earned

Six months’ rent paid in advance

Interest earned but not yet received

Question # 3 of 15 ( Start time: 03:13:46 PM ) Total Marks: 1

Which of the following is true about "After closing trial balance"?

Select correct option:

It may consist of balances of only Real and Personal accounts

It may consist of balances of only Nominal and Real accounts

It may consist of balances of Nominal, Real and Personal accounts

It may consist of balances of only Nominal and Personal accounts

Question # 4 of 15 ( Start time: 03:15:06 PM ) Total Marks: 1

Which of the following may include the “analyzing the transaction” the first step of the accounting cycle?

Select correct option:

Determining the transaction amount

Determining the effected accounts

Identifying the event as a transaction

All of the given options

Question # 5 of 15 ( Start time: 03:16:17 PM ) Total Marks: 1

The basic purpose of financial statements is to assist users in evaluating the________

Select correct option:

Financial position

Profitability of an organization

Future prospects

All of the given options

Question # 6 of 15 ( Start time: 03:16:56 PM ) Total Marks: 1

Which one of the following would lead to the decrease in the owner’s equity?

Select correct option:

Purchasing a piece of land

Paying dividends to shareholders

Purchasing equipment on account

Paying back the principal of a loan

Question # 7 of 15 ( Start time: 03:18:14 PM ) Total Marks: 1

Which of the following type of reports is most frequently used by external users, such as investors?

Select correct option:

Financial Statements

Tax Forms

Management Reports

Audit reports

Question # 8 of 15 ( Start time: 03:18:48 PM ) Total Marks: 1

How many parts does each account have?

Select correct option:

Two

Four

Three

Five

Question # 9 of 15 ( Start time: 03:19:19 PM ) Total Marks: 1

Identify the statement that is NOT true about the Incomes Account and Expenses Account:

Select correct option:

These are the temporary accounts

These are closed in Income summery account

These may included in closing trial balance

These are also known as Nominal Accounts

Question # 10 of 15 ( Start time: 03:20:47 PM ) Total Marks: 1

If the estimated amount of depreciation on equipment for a period is Rs.2000, the adjusting entry to record depreciation would be:

Select correct option:

Depreciation expense - Debit; Equipment - Credit

Depreciation expense - Debit; Accumulated depreciation - Credit

Equipment - Debit; Depreciation expense - Credit

Accumulated depreciation - Debit; Depreciation expense - Credit

Question # 11 of 15 ( Start time: 03:22:02 PM ) Total Marks: 1

Which of the following terms present a cause and effect relationship with each other?

Select correct option:

Income statement and balance sheet

Revenue and assets

Assets and liabilities

Revenues and expenses

Question # 12 of 15 ( Start time: 03:23:06 PM ) Total Marks: 1

Accounting is called the “language of business” because____________:

Select correct option:

It communicates the financial information to the Management only

In order to run a business one must have knowledge about accounting

Different business accounts are involved in financial statements

It helps to organize and communicate financial information to end users

Question # 13 of 15 ( Start time: 03:23:55 PM ) Total Marks: 1

Which one of the following statement shows the effects of cash inflows and outflows?

Select correct option:

Balance Sheet

Statement of Owner’s Equity

Income Statement

Statement of Cash Flows

Question # 14 of 15 ( Start time: 03:24:28 PM ) Total Marks: 1

Which of the following would represent a non-cash expense for the business?

Select correct option:

Cost of building

Cost of inventory

Cost of office equipment

Depreciation of building

Question # 15 of 15 ( Start time: 03:25:12 PM ) Total Marks: 1

In which of the following account, a credit balance would be an evidence for a mistake or an error?

Select correct option:

Mr. A Capital Account

Cash account

Notes payable account

Drawings account

MGT603 Quiz

Question # 1 of 15 ( Start time: 02:15:22 AM ) Total Marks: 1
Which of the following environment includes all those factors which affect the organization and itself affected by the organization?
Select correct option:

External environment
Social environment
Task env

Question # 2 of 15 ( Start time: 02:16:49 AM ) Total Marks: 1
Of the following, which one would NOT be considered one of the components of a mission statement?
Select correct option:

The target market for XYZ is oil and gas producers as well as producers of chemicals
XYZ shall hire only those individuals who have with sufficient educational levels so as to be of benefit to our customers
The customers of XYZ shall

Question # 3 of 15 ( Start time: 02:17:55 AM ) Total Marks: 1
Which of the following can be the weakness of an organization?
Select correct option:

Price war
Poor location

Question # 3 of 15 ( Start time: 02:17:55 AM ) Total Marks: 1
Which of the following can be the weakness of an organization?
Select correct option:

Price war
Poor location of business

Question # 4 of 15 ( Start time: 02:19:19 AM ) Total Marks: 1
Which of the following statement applies to Vision Statement?
Select correct option:

Describes the purpose of existence of an organization
Identify the customers of the organization

Question # 5 of 15 ( Start time: 02:20:17 AM ) Total Marks: 1
Which of the following is NOT included in the strategic management model?
Select correct option:

Measure and evaluate performance.
Perform internal research to identify customers.

Question # 6 of 15 ( Start time: 02:21:51 AM ) Total Marks: 1
Which of the following statements is NOT correct about a mission statement?
Select correct option:

It contains the definition of the company's business
It is called the picture

Question # 7 of 15 ( Start time: 02:22:35 AM ) Total Marks: 1
Which one of the followings best describes this statement; “The conditions that a company must satisfy in order to be able to enter an industry”?
Select correct option:

Economies of scale
Barriers to entry

Question # 8 of 15 ( Start time: 02:24:05 AM ) Total Marks: 1
Non-financial benefits of strategic management includes all of the following EXCEPT:
Select correct option:

Better awareness of external threats
Enhanced

Question # 9 of 15 ( Start time: 02:24:50 AM ) Total Marks: 1
External assessment is performed in which of the strategic management phase?
Select correct option:

Strategy formulation stage

Question # 10 of 15 ( Start time: 02:26:25 AM ) Total Marks: 1
Which one of the following is NOT a basic mission of a competitive intelligence program?
Select correct option:

To provide a general understanding of an industry
To provide a general understanding of a company’s competitors

Question # 11 of 15 ( Start time: 02:27:48 AM ) Total Marks: 1
Assessment of competitive rivalry does NOT include an understanding of which of the following?
Select correct option:

Mergers and acquisition in industry
Market growth rates

Question # 12 of 15 ( Start time: 02:29:08 AM ) Total Marks: 1
The organizations that conduct business operations across national borders are known as which of the following?
Select correct option:

Domestic firms
Multinational corporations
Parent companies
Franchises

Question # 13 of 15 ( Start time: 02:30:33 AM ) Total Marks: 1
The social factors that affect a firm involve all of the following EXCEPT:
Select correct option:

Question # 14 of 15 ( Start time: 02:31:54 AM ) Total Marks: 1
“A Good mission statement identifies the utility of a firm's products to its customers”; which of the following represents this statement?
Select correct option:

Organization’s philosophy
Customer orientation
Social policy
Declaration of attitude

Question # 15 of 15 ( Start time: 02:32:47 AM ) Total Marks: 1
During which stage of strategic management, firm’s specific internal strengths and weaknesses are determined?
Select correct option:

Formulation
Implementation
Evaluation
Feedback

MGT301 Quiz # 1

Question # 1 of 15 ( Start time: 06:44:21 PM ) Total Marks: 1
Sale is decreasing due to substitute product, this statement related to which one of the following research?
Select correct option:

Causal research
Observational research
Experimental research
Survey research

Question # 2 of 15 ( Start time: 06:45:38 PM ) Total Marks: 1
A change in an individual's behavior prompted by information and experience refers to which one of the following concept?
Select correct option:

Learning
Role selection
Perception
Motivation

Question # 3 of 15 ( Start time: 06:46:51 PM ) Total Marks: 1
Following are the elements of the marketing mix EXCEPT:
Select correct option:

Distribution
Product
Target market
Pricing

Question # 4 of 15 ( Start time: 06:47:06 PM ) Total Marks: 1
Which one of the following is a key building block for developing and managing customer relationships?
Select correct option:

Consumer expectations and customer satisfaction
Customer choices and product offers
Product performance and customer value
Customer value and customer satisfaction

Question # 5 of 15 ( Start time: 06:48:21 PM ) Total Marks: 1
Ratio of new entrants in the industry refers to which one of the following option?
Select correct option:

Threat of new entrants
Bargaining power of buyers
Bargaining power of suppliers
Rivalry among competing firms

Question # 6 of 15 ( Start time: 06:48:58 PM ) Total Marks: 1
A market or an organization where a specific market plan is developed for each specific market or customer refers to which of the following organizations?
Select correct option:

Functional organization
Geographic organization
Product management organization
Customer management organization

Question # 7 of 15 ( Start time: 06:49:41 PM ) Total Marks: 1
All of the following are the customer markets EXCEPT which of the following?
Select correct option:

Reseller markets
Government markets
International markets
Business markets

Question # 8 of 15 ( Start time: 06:50:04 PM ) Total Marks: 1
Which of the following environment involves natural resources that are needed as inputs by marketers or that are affected by marketing activities?
Select correct option:

Cultural environment
Natural environment
Political environment
Technological environment

Question # 9 of 15 ( Start time: 06:50:29 PM ) Total Marks: 1
Which of the following is the set of actual and potential buyers of a product?
Select correct option:

A market
An audience
A *****
A segment

Question # 10 of 15 ( Start time: 06:51:07 PM ) Total Marks: 1
Delivery of customer satisfaction at a profit is known as:
Select correct option:

Sales
Price
Marketing
Value

Question # 11 of 15 ( Start time: 06:52:00 PM ) Total Marks: 1
Marketing strategies are developed on the basis of which of the following?
Select correct option:

Opportunities
Strength
Threats
Weakness

Question # 12 of 15 ( Start time: 06:53:14 PM ) Total Marks: 1
Finance, research and development, purchasing and manufacturing are all activities of which element of the micro environment?
Select correct option:

The supplier
The Competitor
The company
The public

Question # 14 of 15 ( Start time: 06:54:52 PM ) Total Marks: 1
A well designed marketing information system (MIS) begins and ends with which of the following?
Select correct option:

User
Vendor
Company
Competitors

Question # 15 of 15 ( Start time: 06:55:31 PM ) Total Marks: 1
Defining the problem and research objectives; developing the research plan; collecting information; analyzing the information; and presenting the findings, these are steps of which of the following steps?
Select correct option:

Marketing survey
Marketing intelligence
Marketing research
Marketing study

NOTE: - These Assignments OR Quiz are just for idea, so kindly don't copy it, after viewing it make your own. Thanks We always try our best to upload 100% correct solution BUT it is requested that you kindly review it before submission, please BEST OF LUCK, Thanks to those students those send me Assignments and quizzes. If you have any Assignment and quiz kindly send at jamilbookcenter@yahoo.com

MGT603 Quiz # 1

The social factors that affect a firm involve all of the following EXCEPT:

Attitudes of people in the external environment

Lifestyles of people

Per capita income

Values and beliefs of persons outside the firm

Which one of the followings best describes this statement; “The conditions that a company must satisfy in order to be able to enter an industry”?

Economies of scale

Barriers to entry

Differentiation

Competitive environment

Which one variable falls under the category of the Social, Cultural, Demographic, and Environmental Variable?

Propensity of people to spend

Buying habits

Level of disposable income

Income differences by region

Which one of the following is NOT a basic mission of a competitive intelligence program?

To provide a general understanding of an industry

To provide a general understanding of a company’s competitors

To identify industry executives who could be hired by the firm

To identify potential moves a competitor might make that would endanger a firm

Political variables have a significant effect on which one of the following?

Formulation and implementation of strategy

Formulation and Evaluation of a strategy

Implementation and evaluation of a strategy

Formulation, implementation and evaluation of a strategy

The mission statement answers which of the following question?

What is our business?

How can we improve ourselves?

What do we want to become?

Who are our stakeholders?

Which of the following statement is TRUE about a Vision statement of a company?

It concentrates on future

It defines the customers

It identify critical processes

It informs about the desired level of performance

All of the following statements are true about a firm’s mission statement EXPECT:

A mission statement does not directly contribute positively to financial performance.

A mission statement directly contributes positively to financial performance.

A mission statement should not provide useful criteria for selecting among alternative strategies.

Primary reason to develop a mission statement is not to attract the customers

Which of the following is NOT a component of external environment analysis?

Customer satisfaction feedback

Global impacts

Legal issues within the industry

Competitive position of rival companies

The general conditions for competition that influence business firms, which provide similar products and services is known:

Remote environment

International environment

External environment

Industry environment

Which of the following is the best example for acheiving long-term objectives?

Strengths

Strategies

Policies

Opportunities

Which type of trend can be exemplified by the increase in average level of education in a society?

Social

Economic

Cultural

Technological

Principles of conduct that guide decision-making are known as:

Human rights

Business ethics

The constitution

Social responsibility

“A Good mission statement identifies the utility of a firm's products to its customers”; which of the following represents this statement?

Organization’s philosophy

Customer orientation

Social policy

Declaration of attitude

MGT101 GDB Sol

Question/Description Mr. Raheem is running a business. His balance sheet on 1st December 2010 shows a capital balance of Rs. 10,000.

Following few transactions took place in the month of December.

He drew cash from business Rs. 400
Mr. Raheem Sold merchandise for cash Rs 2000 costing Rs. 1800(Profit Rs. 200)
During the month he made additional investment in business Rs. 1200.

Solution:-

Debit		Credit
Drawing	400	Opening Balance	10000
Balance c/d	11000	Income (from selling of asset)	200
		Capital (Additional Investment	1200
	*11400*		*11400*

Answer:- ( CREDIT balance amount Rs. 11000 )

MGT613 GDB Sol

“The Winners” a chemical manufacturing company is planning to build an additional production plant for packing materials. “The Winners” has to decide whether to build a small, medium or large facility. The Operations Manager of “The Winners” has conducted a survey of food making companies and collected the following data about the expected payoffs for each alternative in every possible state of nature to know the demand of their packing material.

Alternatives Expected Demands Maxmin Maximax Laplace Minimax Regret
Low Moderate High
Small Facility 20 20 20 20 20 20 -10
Medium 18 23 25 18 25 22 -5
Large 9 12 30 9 30 17 -11

Hence since 20 million is the best, choose to build a Small Facility using the Maximin strategy

Hence since 30 million is the best, choose to build a Large Facility using the Maximax strategy

Hence since 22 million is the best, choose to build a Medium Facility using the Laplace strategy

Hence since -5 million is the best, choose to build a Medium Facility using the Minimax Regret strategy

Monday, May 3, 2010

FIN623 Ass Sol

Question:
Identify the legal status of the following persons according to the Income Tax Ordinance 2001;

Answer:
1. Virtual University of Pakistan (Company)
2. Bank Al-Falah Ltd. (Banking Company)
3. WAPDA Town Employees Housing Society (Company)
4. Mr. Akhter Ali Sheikh serving as a Manager in Chenab Textile Mills. (Individual)
5. Mrs. Batool serving as a Director in ABC Private Ltd. Company (Individual)
6. Haji Murad Trust Eye Hospital. (Company)
7. Ali Ibrahim’s an unregistered firm of Mr. Ali Ahmad and Mr. Ibrahim Butt. (Firm)
8. Mr. Vikaas Bhalla (a Hindu), his sons and Mr. Veer and Mr. Raj (Hindu undivided Family)
9. Ansaar Barni Welfare Trust (Company)
10. Askari Islamic Bank Ltd. (Banking Company)

Sunday, May 2, 2010

MTH101 Ass Sol

Question # 1

Solve the inequality

Question # 2

Show that (3,1), (6,3) and (2,9) are the vertices of a right triangle by using the Slopes form

MGT602 Solution Idea

CASE STUDY

Following is a statement in which a business owner attempts to explain and justify his preference for slow growth in his business:

I limit my growth pace and make every effort to service my present customers in the manner they deserve. I have some peer pressure to do otherwise by following the advice of experts – that is, to take on partners and debt to facilitate rapid growth in sales and market share. When tempted by such thoughts, I think about what I might gain. Perhaps I could make more money, but I would also expect a lot more problems. Also, I think it might interfere somewhat with my family relationships, which are very important to me.

Questions:

1. Should this venture be regarded as entrepreneurial? Is the owner a true entrepreneur?

Answer: No this business is not an entrepreneurial and the owner is also not an entrepreneur because he do not have the personality characteristics of true entrepreneur of risk taker , dreamer and convincing power that he can convince his family.
Success of entrepreneur is measured from growth and this person is avoiding growth and slowing down his business.

2. Do you agree with the philosophy expressed here? Is the owner really doing what is best for his family?

Answer: Person is right to some extent but his philosophy is not logical that can attract and convince someone with this reason. Business not sees any family or peers interference in business. Social factors are not so much important for a business he is avoiding risk and giving the reason of his family that he can not take risk because of them.

3. What kinds of problems is this owner avoiding?

Answer: This person is avoiding many expected problems like:
Financial problems Fear of losing business
Debt Family pressure
Peers pressure Risk

Another Solution:-

1. Should this venture be regarded as entrepreneurial? Is the owner a true entrepreneur?

Answer : In general this is an act of entrepreneurial, as the person is resistive to involve others in any respect which is one of the characteristic of being an entrepreneur. As one of the force being an entrepreneur is to have complete control of the business and not to involve others financial intervention means that to avoid the sharing in a business. But some time under unavoidable circumstances a person should accept a limited external financing.

2. Do you agree with the philosophy expressed here? Is the owner really doing what is best for his family?

Answer : Up to some limit, I am agree with the philosophy expressed above, as being a true entrepreneur a person need to be a man in control, but on the other hand he should evaluate the situation and accordingly to find the solution. In the case mentioned above he should take the external help to stabilize the business and to avoid to be ruined. Been resistive to take external help is not the best decision under the above mentioned situation.

3. What kinds of problems is this owner avoiding?

Answer : In fact to avoid and been resistive to the external help, the person is trying to safeguard the control over the business which is at the moment looks to be 100% belong to him. In case of partners and debt to facilitate rapid growth he has to oblige other in decision making and automatically become answerably to the partners.

VUNEW - SYED FAISAL BUKHARI

Wednesday, May 5, 2010

CS614 Idea Sol

CS507 Ass Sol Idea

Information System

Q;2 Why Many CRM initiatives, however, fail to deliver the expected benefits?

Three big reasons CRM initiatives fail

Tuesday, May 4, 2010

FIN621 Quiz

MGT603 Quiz

MGT301 Quiz # 1

MGT603 Quiz # 1

MGT101 GDB Sol

MGT613 GDB Sol

Monday, May 3, 2010

FIN623 Ass Sol

Sunday, May 2, 2010

MTH101 Ass Sol

MGT602 Solution Idea

Today Visitors