General

9th May 2010

Symbiosis Institute of Management Studies (SIMS)

Pre- Orientation Primer (Batch 2010-12)

Quiz No. 2 (Question Paper)

Date: 9th May 2010 Duration: One Day

Marks: 50

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Note: 1.There are 5 subject quizzes. Each question carry one mark.

2. An answer sheet is provided on page no. 7.

3. Please email your solutions to orientationtest2010@sims.edu by 11th May 2010 by

6:00 pm.

Financial Accounting

Q.I State under what heading (Expenses, Incomes, Assets and Liabilities) would you classify each of the following accounts:

1. Salary Prepaid Account

2. Salary outstanding Account

3. Rent Account

4. Bank Account

5. Insurance Prepaid

6. Proprietor's Account

7. Bad debts Account

8. Furniture Account

9. Goodwill Account

10. Patents Account

Operations Management

Q.II 1. Modern firms increasingly rely on other firms to supply goods and services instead of doing these tasks themselves. This increased level of _____________ is leading to increased emphasis on ____________ management.

A. outsourcing; supply chain

B. offshoring; lean

C. downsizing; total quality

D. optimizing; inventory

E. internationalization; intercultural

2. Product design and choice of location are examples of _______ decisions.

A. strategic

B. tactical

C. operational

D. customer focused

E. design

3. Which of the following features would not generally be considered common to all forecasts?

A. Assumption of a stable underlying causal system

B. Actual results will differ somewhat from predicted values.

C. Historical data is available on which to base the forecast.

D. Forecasts for groups of items tend to be more accurate than forecasts for individual items.

E. Accuracy decreases as the time horizon increases.

4. One way to increase reliability is to:

A. eliminate backup component

B. improve preventive maintenance procedures

C. increase mean repair time

D. increase the number of independent components

E. none of the above

5. Maximum capacity refers to the upper limit of:

A. inventories

B. demand

C. supplies

D. rate of output

E. finances

TRUE/FALSE (5 MARKS)

6. Ergonomics is the use of computers and robots in the workplace.

7. One disadvantage of specialization is worker dissatisfaction.

8. Location decisions are basically one-time decisions usually made by new organizations.

9. Advanced communications has aided globalization.

10. An organization achieves quality by consistently meeting their competitor's standards.

Quantitative Techniques

Q.III. 1. Decision criteria

a. are the choices faced by the decision maker.

b. are the problems faced