AIMA Assignments for Operations Management (OM01)

AIMA Second Semster Assignments

Operations Management (OM01)

Note : - The answers are boldly marked.

Question 1:- For which of the following operations would a fixed-position layout be most appropriate?

a)    assembly of an automobile                        
b)    production of TV sets                        
c)    construction of a ship                        
d)    refining of crude oil                        


Question 2:- The five elements in the management process are

a)    Plan, direct, update ,lead and supervise                    

b)    Accounting/finance, marketing, operations and management                    

c)    Organize ,plan ,control ,staff and manage                    

d)    Plan, Lead , Organize, Manage and Control                    



Question 3:- The responsibilities of the operations manager include

a)    Planning,Organizing ,Staffing ,Procuring and Reviewing                    

b)    Forecasting ,Designing ,Planning ,Organizing and Controlling                    

c)    Forecasting ,Designing, Operating ,procuring and reviewing                    

d)    Planning ,Organizing ,Staffing ,Leading and Controlling                    



Question 4:- Which of the following is not an element of the management process

a)    Pricing                    

b)    Staffing                    

c)    Planning                    

d)    Controlling                    



Question 5:- A good layout requires determining

a)    material handling requirements                    

b)    capacity and space requirements                    

c)    environment and aesthetics                    

d)    All of the above                    



Question 6:- An operations manager is not likely to be involved in

a)    The design of products and services to satisfy customers wants and needs                        
b)    The quality of products and services to satisfy customers wants and needs                        
c)    The identification of customers wants and needs                    

d)    Work scheduling to meet the due dates promised to customers                    



Question 7:- All of the following decisions fall within the scope of operations management except for

a)    Financial analysis                    

b)    Design of products and processes                    

c)    Location of facilities                    

d)    Quality management                    



Question 8:- Which of the following are the primary functions of all organizations

a)    Operations ,marketing and human resources                    

b)    Marketing, Human resource and Finance /Accounting                    

c)    Sales , Quality control, and operations                    

d)    Marketing ,Operations and Finance /Accounting                    



Question 9:- Current trends in operations management include all of the following except

a)    Just- in- time performance                    

b)    Rapid product development                    

c)    Mass customization                    

d)    Empowered employees                    



Question 10:- Productivity measurement is complicated by

a)    The competition's output                    

b)    The fact that precise units of measure are often unavailable                    

c)    Stable quality                    

d)    The workforce size                    



Question 11:- which of the following is true about business strategies?

a)    An organization should stick with its strategy for the life of the business.                        
b)    All firms within an industry will adopt the same strategy.                    

c)    Well defined missions make strategy development much easier.                    

d)    Strategies are formulated independently of SWOT analysis.                    



Question 12:- The fundamental purpose for the existence of any organization is described by its

a)    policies                    

b)    mission                    

c)    procedures                    

d)    strategy                    



Question 13:- Which of the following activities takes place once the mission has been developed?

a)    The firm develops alternative or back-up missions in case the original mission fails.                        
b)    The functional areas develop their functional area strategies.                    

c)    The functional areas develop their supporting missions.                    

d)    The ten OM decision areas are prioritized.                    



Question 14:- Which of the following statements about organizational missions is false?

a)    They reflect a company's purpose.                    

b)    They indicate what a company intends to contribute to society.                    

c)    They are formulated after strategies are known.                    

d)    They define a company's reason for existence.                    



Question 15:- The impact of strategies on the general direction and basic character of a company is

a)    short ranged                    

b)    medium range                    

c)    long range                    

d)    temporal                    



Question 16:- The fundamental purpose of an organization's mission statement is to

a)    create a good human relations climate in the organization                    

b)    define the organization's purpose in society                    

c)    define the operational structure of the organization                    

d)    generate good public relations for the organization                    



Question 17:- Forecasts

a)    become more accurate with longer time horizons                    

b)    are rarely perfect                    

c)    are more accurate for individual items than for groups of items                    

d)    all of the above                    



Question 18:- One purpose of short-range forecasts is to determine

a)    production planning                    

b)    inventory budgets                    

c)    research and development plans                    

d)    job assignments                    



Question 19:- Forecasts are usually classified by time horizon into three categories

a)    short-range, medium-range, and long-range                    

b)    finance/accounting, marketing, and operations                    

c)    strategic, tactical, and operational                    

d)    exponential smoothing, regression, and time series                    



Question 20:- A forecast with a time horizon of about 3 months to 3 years is typically called an

a)    long-range forecast                    

b)    medium-range forecast                    

c)    short-range forecast                    

d)    weather forecast                    



Question 21:- Forecasts used for new product planning, capital expenditures, facility location or expansion, and R &D typically utilize a

a)    short-range time horizon                    

b)    medium-range time horizon                    

c)    long-range time horizon                    

d)    naive method, because there is no data history                    



Question 22:- The three major types of forecasts used by business organizations are

a)    strategic, tactical, and operational                    

b)    economic, technological, and demand                    

c)    exponential smoothing, Delphi, and regression                    

d)    causal, time-series, and seasonal                    



Question 23:- A location decision for an appliance manufacturer would tend to have a(an)

a)    cost focus                    

b)    labor focus                    

c)    revenue focus                    

d)    environmental focus                    



Question 24:- The two general approaches to forecasting are

a)    qualitative and quantitative                    

b)    mathematical and statistical                    

c)    judgmental and qualitative                    

d)    historical and associative                    



Question 25:- Which of the following uses three types of participants: decision makers, staff personnel and respondents?

a)    executive opinions                    

b)    sales force composites                    

c)    the Delphi method                    

d)    consumer surveys                    



Question 26:- Which of the following is not a type of qualitative forecasting?

a)    executive opinions                    

b)    sales force composites                    

c)    consumer surveys                    

d)    moving average                    



Question 27:- In which stage of the product life cycle should product strategy focus on process modifications?

a)    introduction                    

b)    growth                    

c)    maturity                    

d)    decline                    



Question 28:- Which of the following would likely cause a change in market opportunities based upon levels of income and wealth?

a)    economic change                    

b)    technological change                    

c)    political change                    

d)    legal change                    



Question 29:- A product's life cycle is divided into four stages, which are

a)    introduction, growth, saturation, and maturity                    

b)    introduction, growth, stability, and decline                    

c)    introduction, maturity, saturation, and decline                    

d)    introduction, growth, maturity, and decline                    



Question 30:- Operations management is applicable

a)    Mostly to the service sector                    

b)    To services exclusively                    

c)    Mostly to the manufacturing sectors                    

d)    To manufacturing and service sectors  

AIMA Assignments of Financial Management (FM12)

AIMA Second Semester Assignments

Financial Management (FM12)

Note :- The answers are boldly marked.

Question 1:- Management of long-term funds involve:

a)    Inventory management                        
b)    Cash Management                        
c)    Working Capital policy                        
d)    None of the above                        


Question 2:- The scope of Financial management covers:

a)    Sources of finance                        
b)    Financing mix                        
c)    How firm should analyze, plan and control its financial affairs.                        
d)    All the above                        


Question 3:- Capital Budgeting is within the scope of:

a)    Financing decision                        
b)    Investment decision                        
c)    Dividend decision                        
d)    All the above                        


Question 4:- The 6 A's of financial management are:
a)    Anticipation, announcement, allocation, administering, analysis and accounting                        
b)    Anticipation, announcement, ammunition, administering, analysis, and accounting                    
c)    Anticipation, acquiring, allocation, administering, analysis and accounting                        
d)    Anticipation, announcement, allocation, administering, analysis and affirmation                        


Question 5:- The activity concerned with planning, raising, controlling and administration of funds used in the business:

a)    Financing decision                        
b)    Corporate finance                        
c)    Investment decision                        
d)    Managerial Finance                        


Question 6:- What would be the future value of Rs. 6000 compounded annually for three years at 10%:
a)    Rs. 7986                        
b)    Rs. 6600                        
c)    Rs. 7436                        
d)    None of the above                        


Question 7:- Mr. Ramesh deposited Rs. 2000 at the end of every year for 5 years in his saving account, paying an interest of 5% interest compounded annually. Determine the sum of money he will have at the end of the 5th year.

a)    10536                        
b)    12650                        
c)    11054                        
d)    None of the above                        


Question 8:- The following roles are performed by the treasurer:

a)    Portfolio management                        
b)    Tax management                        
c)    Internal audit                        
d)    all the above                        


Question 9:- The conflict of interest between the agent and the owner is known as:

a)    Difference of opinion                        
b)    Shareholder conflict                        
c)    Agency conflict                        
d)    None of the above                        


Question 10:- The term discounting in the concept of time value of money is:

a)    The technique of finding the present value                        
b)    The technique of finding the future value                        
c)    The percentage used to factor the cash flows                        
d)    Applying the discount rate on the cash flows                        


Question 11:- A stream of payment having no maturity date would be called:

a)    Cash flow                        
b)    Perpetuity                        
c)    Annuity                        
d)    Terminal value                        


Question 12:- AIMA wishes to institute a scholarship of Rs. 15000 for exceptional students. We wish to know the present value which would yield the said amount in perpetuity, discounted at 9%

a)    166,667.00                        
b)    150,000.00                        
c)    120,000.00                        
d)    1,800,000.00                        


Question 13:- Q.No.13-15 A debenture of Rs. 2000 is issued by a company for a period of five years. The rate of interest payable by the company on the debenture is 7% p.a. The appropriate capitalization rate is 10%. The present value of the interest is:

a)    303.03                        
b)    530.74                        
c)    140                        
d)    86.94                        


Question 14:- The present value of the principal at the end of 5 years is:

a)    1800                        
b)    1400                        
c)    1242                        
d)    1772                        


Question 15:- The value of the debenture should be:

a)    1772.74                        
b)    1087.03                        
c)    1382                        
d)    2302                        


Question 16:- The following approached used to value equity:
a)    Dividend capitalization approach                        
b)    Earning capitalization approach                        
c)    Both are used                        
d)    None are used                        


Question 17:- A firm deposits Rs. 50 lakhs at the end of each year for 4 years at the interest rate of 16% compounded quarterly. What is the compound value at the end of the 4th year:
a)    9,365,000.00                        
b)    13,990,000.00                        
c)    9,465,000.00                        
d)    9,565,000.00                        


Question 18:- The cost of capital is:
a)    Sum total of all sources of capital                        
b)    Sum total of total capital used by the company divided by the no. of sources                        
c)    Weighted average of the various sources of capital.                        
d)    Weighted average of the various sources of capital used by the company.                        


Question 19:- The cost of capital is used in:
a)    Determination of the capital structure                        
b)    Capital budgeting decision                        
c)    Financial performance appraisal                        
d)    all the above                        


Question 20:- The traditional approach for determining capital structure is:

a)    The cost of equity is more important than the cost of debt                        
b)    The cost of debt needs to be given more weight than the cost of equity.                        
c)    The cost of capital is constant and independent of the level of financing.                        
d)    The cost of capital is varying and dependent on capital structure                        


Question 21:- A firm employs debt and equity in equal proportions having cost of equity and debt as 14% and 6% respectively. What is the WACC:
a)    12%                        
b)    8%                        
c)    10%                        
d)    none of the above                        


Question 22:- The cost of raising one additional cost of capital is called:
a)    spot cost                        
b)    Marginal cost of capital                        
c)    Specific cost                        
d)    Future cost                        


Question 23:- The discount rate that equates the present value of the cash inflow with the present value of cash outflow:
a)    Average cost                        
b)    Book cost                        
c)    Implicit cost                        
d)    Internal rate of return                        


Question 24:- For evaluating a project we can use the WACC only if:
a)    The business risk and the project risk are the same.                        
b)    The new project does not change the capital structure                        
c)    Both conditions are adhered to                        
d)    WACC cannot be used to evaluate a project.                        


Question 25:- The following statements are true:
a)    The issue of additional equity shares is a source of debt                        
b)    The retained earning is a source of equity                        
c)    Both statements are true                        
d)    None of the statements are true.                        


Question 26:- If the risk free rate is 10%, the expected return on market portfolio is 18% the cost of equity capital will be 18% when the beta is:
a)    0                        
b)    1.5                        
c)    0.5                        
d)    1                        


Question 27:- The following is true as regards risk-free rate:
a) Estimated as the difference between the average return on the market and the average rate of return                   
b) Calculated by regressing the monthly returns on the stock over monthly returns on the stock over the monthly returns of the market
                   
c) It is estimated as the yield on a long-term government bond having a maturity of 10 years or more.          
        
d)    All statements are true.                        


Question 28:- The realized yield approach assumes the following:
a)    Market price of equity shares changes at all times                        
b)    A firms risk is changing at all times                        
c)    Investors have an opportunity cost                        
d)    none of the above statement is true                        


Question 29:- The Weighted average cost of capital is influenced by :
a)    Capital structure                        
b)    Dividend policy                        
c)    Tax levels                        
d)    All the above                        


Question 30:- A company has 6 lakhs outstanding shares of Rs. 10 each. On a reverse split of 2:4 the following will hold true:

a)    The outstanding share will be 6 and value per share will be 40                        
b)    The outstanding share will be 3 and value per share will be 40                        
c)    The outstanding share will be 6 and value per share will be 10                        
d)    The outstanding share will be 3 and value per share will be 10    

AIMA Assignments for Economic and Social Environment (GM02)

AIMA Second Semster Assignments

Economic and Social Environment (GM02)

Note :- The answers are boldly marked.

Question 1:- Which of the following best indicates the importance of business environment?                    

a)    Identification                                                            

b)    Improvement in Performance                          

c)    Coping with rapid change                                    

d)    All                                 

Question 2:- Under the three-tier consumer Dispute Redressal System the state commission is headed by  

                       

a)    District Judges                          

b)    High Court Judge                                    

c)    Supreme Court Judge                           

d)    None of these                         

Question 3:- The Competition Act 2002 replaced the MRTP Act 1969   

                    

a)    True                              

b)    False                            

Question 4:- Customer opinions about using internet are example of which environment factors?   

        

a)    Political                       

b)    Social                           

c)    Economic                                    

d)    Technological                          

Question 5:- When a hotel restaurant business is analysing its environment, it would classify a change in the law on smoking in public places as a/an _________ factor   

                        

a)    Economic                                    

b)    Social                           

c)    Political                       

d)    Technological                           

Question 6:- In case of contravention of any provision of FEMA what penalty is imposed by the amount involved in quantifiable      

                 

a)    Twice                           

b)    Four times                                 

c)    Thrice                           

d)    None of these                         

Question 7:- The process by which organizations monitor their environment to identify opportunities and threats affecting the business is known as environmental scanning. 

                         

a)    True                              

b)    False                             

Question 8:- Which of the following does not come under dimensions of business environment    

                           

a)    Economic                                    

b)    Social                           

c)    Emotional                                  

d)    Legal                            

Question 9:- Which of the following may act as hindrance in the effect implementation of private sector project          

                    

a)    Effective utilization of capacity                          

b)    Proper planning                                      

c)    Less political interference                                    

d)    Monopoly power & concentration                                 

Question 10:- Macro Environment is further classified as      

                        

a)    Internal & External Environment                                      

b)    Economic & Non Economic Environment                                    

c)    Direct & Indirect Environment                           

d)    None of these         

           

Question 11:- Which of the following is correct regarding the Gross Domestic Saving in India?                     

a)    Contribution of household sector is the largest                                       

b)    Contribution of government sector is the largest                                     

c)    Contribution of corporate sector is the largest                           

d)    None of these                         

Question 12:- In India, the Public Sector is most dominant in?   

                 

a)    Transport                                   

b)    Steel Production                                     

c)    Commercial Banking                             

d)    Organized term lending financial institutions                              

Question 13:- ____________ consists of the actors in the company's immediate environment that affect the performance of the company

                               

a)    Micro environment                               

b)    Macro environment                              

c)    Economic Environment                         

d)    Non Economic Environment                              

Question 14:- Fresh evaluation of every item of expenditure from the very beginning of financial year is called      

           

a)    Fresh budgeting                                      

b)    Deficiet Budgeting                                 

c)    Performance Budgeting                                       

d)    Zero-based budget                                

Question 15:- Fiscal Policy is connected with           

            

a)    Issue of currency                                    

b)    Export & Import                                      

c)    Public Revenue Expenses                                   

d)    None of these                         

Question 16:- Which of the following is not one of the environmental factor that may influence the potential of a small business?            

               

a)    Close contact with customers related to problem solving activities                                   

b)    Industrial structure favors small independent units                                

c)    Banks recognizing the need of small firms                                  

d)    Clusters of technically advanced small firms                        

Question 17:-  State True or False Consumer Protection Act, 1986 was formed with the objective of providing better protection of the interest of consumer's and for settlement of consumer's disputes   

   

a)    true                              

b)    false                             

Question 18:- Violation of FEMA was treated by   

                            

a)    Civil offence                             

b)    Criminal offence                                     

c)    None of them                           

d)    Both a & b                                  

Question 19:- Tax jurisdication is an example of which environment factor?     

                   

a)    Legal                             

b)    Economic                                   

c)    Technologies                             

d)    Social                           

Question 20:- LDC Stands for   

  

a)    Low development countries                              

b)    Low developed countries                                   

c)    Least developing countries                                

d)    Large developing countries                                

Question 21:- _________ are features of the micro environment of an organization  

                    

a)    Customer                                   

b)    Economic factors                                    

c)    Social factor                               

d)    Lgal factor                                  

Question 22:- IDRA (Industrial Development & Regulation Act) was passed by parliament in                        

a)    1951                              

b)    2001                             

c)    1971                              

d)    1981                             

Question 23:- __________ makes provision for licensing and registration for guided growth of industries

            

a)    MRTP                           

b)    FEMA                           

c)    IDRA                             

d)    SEBI                              

Question 24:- Tick the incorrect statement

                          

a)    SEBI introduced process of registration of intermediaries by brokers                              

b)    SEBI issued regulations prohibiting insider trading                                   

c)    SEBI took steps for promoting investor's education and training of Intermediaries of security market                              

d)    SEBI differentiated the stock market     

                               

Question 25:- A person who buys any good for a consideration which has been paid or promised or partly paid and partly promised or under any sustem of deferred payment is known as                            

a)    Consumer                                  

b)    Seller                           

c)    Wholesaler                                

d)    Retail Person                            

Question 26:- Cultural Background of Society like Classical music, Articrafts, Taj mahal are referred to as:-          

   

a)    Cultural Heritage                                    

b)    Cultural Transmission                            

c)    Cultural Adaptation                                

d)    Cultural Log                               

Question 27:- A subject of the environment consisting of economic institutions, framework, nature and structure of the economic system, market forces, economic fiscal & monetary policies, planning is referred to as  

                            

a)    Economic Environment                       

b)    Non Economic Environment                              

c)    Social Environment                                 

d)    None of the above                                

Question 28:- The five forces that affect the level of competition in an industry are

         

a)    Threat of entrants, power of buyers, power of suppliers, threat of substitutes, competitive rivalry                               

b)    Threat of buyers, power of entry, power of substitutes, threat of suppliers, threat of recession                                       

c)    Threat of recession power of buyers, power of suppliers, threat of management failure, competitive rivalry                                       

d)    Threat of entry, power of buyers, power of suppliers, threat of substitutes, government action                                       

Question 29:- The cost of the imported component increases substantially because of the depreciation of the domestic currency. Such forces of impacting the business environment are part of                             

a)    Micro environment                                

b)    Macro environment                              

c)    Internal Environment                            

d)    None of these                         

Question 30:- ___________ Committee proposed measure to improve upon working of stock market 

a)    Nandan Committee                               

b)    Dutt Committee                                      

c)    Narasimham Committee                                      

d)    None of these