Management UPSC PYQ 2023

(a) During a month, 4500 units were introduced into process A. The normal loss was estimated at 8% on input. At the end of the month, 2600 units had been produced and transferred to next process, 1400 units were incomplete and 500 units had been scrapped. It was estimated that uncompleted units had reached a stage in production as follows: Material—80% completed; Labour—60% completed; Overheads—50% completed. The cost of 4500 units introduced was ₹10,500. Direct materials introduced during the process amounted to ₹2,400. Production overheads incurred were ₹3,490. Direct labour was ₹5,460. Units scrapped realised ₹3 each, and were 100% complete. Answer the following: (i) Prepare statement of equivalent production. (ii) Value abnormal loss, scrap and closing WIP. (iii) Prepare Process A account and Abnormal Loss account. <!--qid:MAINS_2023_Management-I_Q8-->

(a) A Ltd's EBIT is ₹10,00,000. The company has 12%, ₹30 lakhs debentures. The equity capitalization rate (K_e) is 20%. Compute the following: (i) Market value of equity and value of firm (ii) Overall cost of capital (b) What are some early signs of cash flow problems? (c) (i) "Price is the most important element of marketing mix." Discuss. (ii) Elaborate the process to decide right time to change price of product. Do you think leadership pricing strategy is applicable in today's context? Give examples. Market value of equity and value of firm. [12M] Overall cost of capital. [8M] <!--qid:MAINS_2023_Management-I_Q7-->

(a) Given below is the data of two firms in the same industry: [table provided] (i) Compute the Return on Equity (RoE) based on DuPont analysis. Which company would investors prefer? (ii) What are the limitations of DuPont analysis? (b) What are the factors that need to be kept in mind while designing the capital structure of a firm? (c) "Marketing channel decisions lead to developing value network." Explain the importance of intermediaries giving suitable examples. Compute the Return on Equity (RoE) based on DuPont analysis. Which company would investors prefer? [15M] What are the limitations of DuPont analysis? [10M] <!--qid:MAINS_2023_Management-I_Q6-->

(a) Highlight the key differences between human resource information system, human resource analytics and enterprise resource planning, and give their suitable applications. Illustrate and explain a typical human resource information system framework. (b) How does a learning organization model integrate the strategies in the domains of individual, team and organizational learning? What are the desired behavioural changes for a learning organization as described by Senge? (c) "Economic development of India will depend on the inventions carried out by entrepreneurs." Explain. <!--qid:MAINS_2023_Management-I_Q4-->

(a) "A person can have thousands of attitudes but organizational behaviour focuses its attention on a very limited number of job-related attitudes." Explain the different job-related attitudes. How do they differ from other non-job-related attitudes? (b) "Does delegation of authority mean loss of power or enhancement of power?" Critically explain. (c) How does an organization determine the effectiveness of its recruitment process? To avoid the high cost involved in the recruitment process, what alternatives are used by organizations? Explain. <!--qid:MAINS_2023_Management-I_Q3-->

(a) How do mission, vision and values help in developing good plan for an organization? Explain planning premises. (b) Outline the organizational structure of a virtual organization. How does it differ from a boundaryless organization? Which type of industries is best suited to a virtual organizational setup? Explain with examples. (c) Differentiate between career, career planning, career development and career management. Who are the major stakeholders in career development? <!--qid:MAINS_2023_Management-I_Q2-->

(a) Discuss on the objectives and categories of decisions of the finance function in an organization. (b) Elaborate on the objective of 'Accounting Standards' and discuss on its significance in the emergence of International Financial Reporting Standards (IFRS) as Global Standards. (c) Comment on the salient features of the EASE Next Reforms. (d) "Marketing is everywhere. Good marketing is not a coincidence but a result of well thought strategy." Elaborate giving suitable example. (e) "Customer-centric companies are building customer relationships and not just products or services." Explain giving importance of customer satisfaction. Give examples also. <!--qid:MAINS_2023_Management-I_Q5-->

Examine the effectiveness of different Chambers of Commerce and Industry in India. <!--qid:MAINS_2023_Management-II_Q8-->

(a) "Span of management plays important role in deciding organization structure." Explain. (b) "Dependency is increased when the resource you control is important, scarce and non-substitutable." Comment on the above statement in the light of the fact that the most important aspect of power is that it is a function of dependency. (c) Enumerate the different conditions needed for conflict to arise. How does the channel chosen for communication have an influence on stimulating conflict? (d) "Workers’ education is the latent energy in economic development." Explain the concept of workers’ education and highlight its aims and objectives. (e) What are the major collective bargaining issues in Indian industries? What do you foresee as a major issue of the future? <!--qid:MAINS_2023_Management-I_Q1-->