Medical Record Security Essay - 1276 Words

Medical Record Security In the world of technology there are many types of threats to be considered when a hospital or health care facility depends on keeping their clients personal information private and safe from unauthorized people from viewing. When information safety, and regulations are considered by a healthcare facility it is held at high regards and high standards to assure that there is no chance of any information being leaked that should have been protected. A patients personal information should be kept safe from any unauthorized person from viewing, because a patients personal medical records can be used maliciously if it is viewed by anyone who is not authorized to view the information. In the healthcare field the†¦show more content†¦The disadvantage to a computer storage system is a large amount of people having access to medical records that are supposed to be confidential. Storing information in a large data base seems to be a good idea to some people because they do not realize the information stored in these databases can become vulnerable to hacking. Any database can also become vulnerable to being hijacked if information is being transferred via the internet which can cause someone other than the physician to view a patient’s personal information and may even use the information maliciously. There are problems with using remote access because many hackers can enter the network via a back door, which can lead to the loss of personal information for the patients, or a complete crash in the database. Remote login can also become a threat to patient’s privacy because if information can be accessed by an unauthorized person breaches through the network that person can change details of the files and can cause the facility to be sued because of their privacy not being kept safe. â€Å"The Health Insurance Portability and Accountability Act , or HIPAA, requires health care professionals to protect privacy and create standards for electronic transfers of health data. The Office for Civil Rights at the Department of Health and Human Services will enforce the regulationsShow MoreRelatedSecurity Risks Surrounding Electronic Medical Records1994 Words   |  8 PagesIn this paper we identify security risks surrounding Electronic Medical Records (EMR) and discuss strategies healthcare providers can employ to mitigate those risks. We begin with a brief overview of the legislative history driving the rapid adoption of EMR and other health information technology. Legislation Driving Rapid Adoption of EMR Perhaps the most important piece of legislation relevant to our understanding of security risks surrounding EMR and health information technology is The HealthRead MoreMedical Record Company Network Security Plan1142 Words   |  5 PagesMedical Record Company Network Security Plan For the purpose of securing and implementing a data security plan for a medical record company a lot of prep and thought needs to take place. While developing the plan I considered that it’s not just our company’s data at risk, but also the data of any of our employees and patients, including social security numbers and medical records. I also considered different kinds of security threats, security threats are always evolving so we need to keep on topRead MoreMedical Professionals Should Always Value A Patient s Ethical Right833 Words   |  4 PagesMedical professionals should always value a patient’s ethical right to privacy and confidentiality. Under the HIPPA law, there are still concerns with the protection of patient privacy; therefore, healthcare professionals must confront the growing technological environment and find ways to increase access security, as well as discipline employees that violate a patient’s privacy. Electronic health records c an be beneficial to providers from a cost and efficiency standpoint, but are patients reallyRead More HIPPA and the Privacy of Medical Records Essay1349 Words   |  6 Pagesthe Privacy of Medical Records Previously, healthcare information has been protected by state law. However, since this information crosses state lines, the need for federal protection has been warranted. In 1996, Congress passed the Health Insurance Portability and Accountability Act (HIPAA). HIPAA provides the first federal protection for the privacy of medical records (Burke Weill, 2005) HIPPA encourages the use of electronic medical record and the sharing of medical records between healthcareRead MoreThe Effects Of Artificial Intelligence On Medical Information On Patient s Privacy1463 Words   |  6 Pagesinformation and also assisting medical personnel in various tasks such as diagnosis [1]. Artificial intelligence in medicine has greatly revolutionized this discipline but this benefit is accompanied with certain setbacks. This paper will, therefore, reflect on the impact of using artificial intelligence to analyze medical information on patient’s privacy in an act utilitarianism manner. Despite the fact that artificial intelligence is growing in rapidly and its medical applications broadening as daysRead MoreHealth Information Management At Abc Hospital Essay865 Words   |  4 Pages I. Policy Statement ABC Hospital will safeguard the privacy and security of protected Health Information, otherwise known as â€Å"PHI†, in maintenance, retention, and eventual destruction disposal. Destruction and disposal will be supported in accordance with State and federal law, HIPAA, and as defined by the ABC Hospitals retention policy. The schedule for destruction and disposal shall be suspended for records involved in any open investigation, audit, or litigation. II. Purpose of PolicyRead MoreCybercrime And The Healthcare Industry1582 Words   |  7 Pagesfinancial gain, whereas others seek to obtain intellectual property or consumer information to damage an institution’s reputation, or to make a political statement through hacktivism† (p. 395). Stolen medical records can be flipped for an enormous amount of money, with an average of $20 per record, compared to $1 or $2 for a credit card number (McNeal, 2014). According to a reporter by the name of Paul Sandle (2014), cybercrime costs the global economy approximately $445 billion every year amongRead MoreThe Health Care System Has Come A Long Way From Pen And Paper1213 Words   |  5 Pagesfloppy dicks and CDs. Now we are able to utilize an electronic computer charting system and a development of electronic health records. EHR is now a standard of handling information as well as storage and sharing of patient medical information that many people use and some people abuse. Electronic health record is defined â€Å" as an electronic version of a patient’s medical history, that is maintained by the provider over time, and may include all of the key administrative clinical data relevant toRead MoreElectronic Record Adoption Project Scenario888 Words   |  4 Pagessystematic approach to the electronic record adoption project scenario. The outcome of a needs assessment given scenario is the adoption of an Electronic Health Record system by the health care organization. For the site to adopt and accept implementation of an electronic health record system, benefits have to be clearly outlined and presented to the site staff. The staff must be convinced that the core functions of implementation of an electronic health records system is management of patient healthRead MorePersonal Health Record ( Phr ) : An Emerging Model Of Patient Centric Health Information Exchange System Essay1360 Words   |  6 Pages(2626715) Abstract Personal health record (PHR) is an emerging model of patient-centric health information exchange system, which has been often outsourced to be stored at any third party locations, such as cloud service providers. However, there have been wide privacy concerns as the personal health information could be exposed to unauthorized parties and to those third party servers. To assure the patients control over accessing their own Personal Health Records, it is required to encrypt the PHRs

Theravada Buddhism The Way Of The Elders Essay - 2442 Words

Theravada Buddhism, or otherwise known as ‘The Way of the Elders’, is the oldest form of Buddhism, and was formed just after 500 BC. It was established by the Second Buddhist Council, which was assembled 100 years after the Buddha’s death who died approximately around 483 B.C.E. During the time of the Second Council, there was plentiful controversy revolving around monastic beliefs and followers. Many monks were disagreeing with the set beliefs and interpretations of the Buddha’s teachings and were consequentially being expelled or leaving by their own will. In order to settle this controversy there was a split instituted in the religion, with the group of monks who remained faithful to the initially set beliefs deeming themselves ‘The Elders’ (or ‘Thera’ in Pali). The other group regarded themselves as ‘The Great Community’ (Mahasanghika in Sanskrit), and they interpreted the Buddha’s teachings more liberally o r openly, as they believed this was in fact more accurate to the Buddha’s beliefs. Over time, these groups evolved into Theravada and Mahayana Buddhism respectively. Today, Theravada Buddhism is active in Sri Lanka, Thailand, Burma, Laos, and Cambodia and in other parts of Southeast Asia. Its origin language is Pali, while Mahayana’s is Sanskrit. Theravada is known to be the stricter and more traditional division of Buddhism, and therefore has a smaller number of followers compared to Mahayana. The belief system of Theravada Buddhism follows the traditionalShow MoreRelatedDifferences Of Theravada And Mahayana Buddhism1181 Words   |  5 Pages There are two major divisions of Buddhism. These two major divisions are Theravada Buddhism and Mahayana Buddhism. Both of these divisions of Buddhism are similar but also different in some aspects. Theravada Buddhism is known as the traditions of the elders and Mahayana Buddhism is known as the expansive way. I will talk about three difference in Theravada and Mahayana Buddhism. There are also many little differences in both they will also be brought up in the describing the two divisions. OneRead MoreSimilarities And Differences Between Mahayana And Two Major Branches Of Buddhism1281 Words   |  6 Pages In Buddhism, the two major branches are the Theravada and Mahayana. Theravada is known as the â€Å"tradition of the elders.† Mahayana is called the â€Å"large vehicle.† Mahayana Buddhist came about after the first Buddhist council split. The second Buddhist council began a hundred years after the death of the Buddha. The councils came together to discuss the differences in buddha orders in which some Monks believed. They talked about the true meaning behind the Buddha teachings and certain practices. MonksRead MoreTheravada Buddhism767 Words   |  4 Pages Theravada Buddhism Angela Dodd REL/133 03/14/2016 Melissa Singer Theravada Buddhism Buddhism is one of the oldest and most influential religions in the world. It has had a great impact on an array of societies in eastern cultures. Buddhism began in India from the experience of one person originally named Siddhartha, who later became known as Buddha. It can be said that religion can help people to grasp and understand reality better. It can give inspiration to people and bring them together asRead MoreThe Impact Of Theravada Buddhism On Myanmar1288 Words   |  6 PagesTheravada Buddhism is one of two major sects of Buddhism and is practiced primarily in Southeast Asia. Its practice began in Sri Lanka and spread to Laos, Myanmar, and Cambodia, and has influence in the West today. In the eleventh century C.E., King Anawratha established The Myanmas kingdom, it was at this time that he converted to Theravada Buddhism, despite a large Tantric Buddhist population in the kingdom. From then on, Myanmar has been known as a Theravada Buddhist country. As with most religion sRead MoreEssay about The Evolution of Buddhism 1182 Words   |  5 PagesBuddhism is a unique religion that bestows upon its members that their actions accumulate karma and too much bad karma leads to rebirth. A person reaches Nirvana (also known as heaven) when achieving enlightenment and is no longer subjected to rebirth. Buddhism also believes there is no one almighty god, but rather many gods, which they refer to as deities. Dharma is commonly known as the sacred teachings of a deity. The Buddha is only born in certain situations that members are in need of re-teachingRead MoreBuddhism And Its Views On Buddhism973 Words   |  4 PagesBuddhism is one of the major religions of the world; it was founded in India and is based on the teachings of Siddhartha Gautama, Buddha, or the Enlightened One/Awakened One. Buddhism is non-theistic and is not based on any concept of a supreme or one ruling God. A Buddhist approach is a naturalistic one and the sole purpose of the followers is to end or reduce suffering (dukkha) and attain a state of liberation or enlightenment and the freedom from the cycle of death and rebirth (Nirvana). BuddhistRead MoreTheravada And Mahayana Buddhism And Buddhism1433 Words   |  6 Pagesschisms of Buddhism due to different outlooks on the fundamental teachings and ideas of Buddhism. The two that have survived and are still current today are Theravada and Mahayana Buddhism. Theravada Buddhism is often found in southern locations, which include Sri Lanka, Thailand, Burma, Laos, Cambodia, and parts of Southeast Asia (Mitchell, pp. 91). Mahayana Buddhism, however, is found in the northern areas of the world, such as: Tibet, China, Taiwan, Japan, and more. These two schools of Buddhism bothRead MoreA Brief History of Buddhism1417 Words   |  6 PagesBuddhism is one of the major religions of the world. It was founded by Siddhartha Guatama (Buddha) in Northeastern India. It arose as a monastic movement during a time of Brahman tradition. Buddhism rejected important views of Hinduism. It did not recognize the validity of the Vedic Scriptures, nor the sacrificial cult which arose from it. It also questioned the authority of the priesthood. Also, the Buddhist movement was open to people of all castes, denying that a persons worth could beRead MoreReligion Is Not A Single Term1613 Words   |  7 Pageshence the reason why Religion is not a single term. However, the following paper will only focus on Buddhist religion. Buddhism is said to have existed for more than 2,500 years, which surrounds a variety of beliefs, traditions and practices. All of which gives sentiment beings the true meaning and purpose of life. Particularly about death, rebirth and suffering (Strong 2008). Buddhism is based on the teachings of Siddhartha Gautama, who is also known as the Buddha. Siddhartha Gautama is considered theRead MoreEssay on Theravada Buddhism and Mahayana Buddhism2768 Words   |  12 Pages There are two forms of Buddhism that are still prevalent in society today, these are Theravada and Mahayana. Both these traditions have existed for many centuries and encompass important beliefs derived from the Pali Canon and other ancient Indian Buddhist literature. They revert back to the o rthodox teachings presented by the historical Gautama Buddha such as The Four Noble Truths and The Eightfold Path. Both these forms of Buddhism stay devoted to the traditional beliefs that the religion

Case Study Environmental Management for Sustainable Development

Question: Case Study on "Environmental Management for Sustainable Development". Answer: Task 1: Understanding the organizational purpose of business 1.0 Introduction The organization chosen in this assignment is Crocodile Garments, which is a Hong-Kong based organization. The organization was founded in the year 1952 and since then, the company is offering quality garment products to its targeted consumers (Crocodile.com 2016). The company has selected the child and female population as their target market. The company operates within the domestic market and apart from that, the company has also targeted international markets by expanding the business activities in Singapore, Japan and Malaysia. 1.1 Identifying the purpose of different types of business There are mainly three types of business organizations in the world of business. These types are sole proprietorship business, partnership business and private and public limited business. In case of the sole proprietorship business, the business is single aim and that is increasing the income level of the owner or proprietor. This type of business is generally of small size and has limited number of stakeholders. On the other side, partnership businesses are those businesses, which are formed by a group of people because of the partnership deal. In the partnership business, every partner has equal responsibility and rights (Kelly and Ashwin 2013). There are mainly two types of partnership business limited partnership and limited liability partnership. In the limited partnership business, the partners, who are the general partners, are liable for all debts in the business (Kelly and Ashwin 2013). On the other side, the limited partners in the limited liability partnership are liable only for the amount that they have invested at the initial point of the business. The main purpose of this business is to enhance the profit percentage of the partners and minimizing the liability of them (Hurt 2015). On the other side, public limited companies are those, which are properly registered under the specific act of the country and issues shares to the public (Garbarski 2015). The shares of the public limited companies are publically traded in the market. For example, the shares of the public limited company in London are traded through London Stock Exchange. However, in case of the private limited companies, the shares are not sold in t he stock markets like, London Stock Exchange or New York Stock Exchange. However, in any kind of limited company whether it is private limited or public limited, the responsibilities of the shareholders towards the financial liability of the company are limited to the value of the shares owned by the shareholders (Hannigan 2015). The primary aim of a public limited company is to enhance the shareholders value, whereas the primary aim of a private limited company is profit maximization (Gov.uk 2016). Apart from that, these companies need to comply with the environmental policies in order to attract the stakeholders especially the investors towards the business model. Additionally, there are different industries operating in the global market for establishing efficient business activities. Every industry conducts social responsibilities in a different manner. It depends on which business activities the organization is performing. The vision of Crocodile Garments is to deliver quality products to the consumers for building a reputation in global market. The purpose of this organization is to meet the increasing needs and demands of global consumers and apart from that, the company is aimed to comply with the environmental policies of different countries in order to maintain business sustainability (Crocodile.com 2016). The most important factor, which the organization wants to achieve, is to build a healthy brand image in global market. 1.2 Approach of the organization for meeting objectives of different stakeholders There are different internal and external stakeholders of Crocodile Garments including consumers, investors, social community and suppliers. In order to conduct sustainable business, the company performs different activities in order to satisfy the stakeholders. The expectation and demands of the stakeholders are different and therefore, it is necessary for the company to identify and fulfill demands of every possible stakeholder. In this manner, it will be easy for the company to maintain business sustainability. Therefore, Crocodile Garments conduct different sustainable activities for addressing demands of these stakeholders. Following is the activities performed by Crocodile Garments for fulfilling expectations of the stakeholders. Consumers: Consumers are the external stakeholders for the organizations and apart from that, consumers are the most important stakeholders and every organization aims to fulfill demands of the consumers. Nowadays, consumers are more attracted towards eco-friendly products rather than the products, which harm environmental quality (Basgze and Tektas 2012). The needs and demands of the consumers are rapidly changing and on the other hand, the demand of the consumers is to avail high quality products at a reasonable price. In order to meet this expectation of consumers, Crocodile Garments is conducting an efficient market research for understanding the requirements of the consumers (Crocodile.com 2016). In this manner, the company can improve the product quality with the changing demand of the consumers. Therefore, it can be said that the approach of Crocodile Garments for fulfilling the demand of the consumers is efficient. Investors: The demand of the investors is to increase profitability from the growth of the company. Most of the business organizations focus on the sustainability report in order to influence the investors. Similarly, Crocodile Garments has taken a proactive approach for conducting different types of social activities for attracting the investors towards the company. Apart from that, the company has adopted an efficient business model in which the investors can be assured in terms of profitability. The company needs to share the business model with the stakeholders through their annual report (Alexandru and Ioan 2013, p.1436). In order to increase organizational profitability, the company is continuously improving the product quality and range for products in order to satisfy the needs of the investors. Social Community: It is the ethical responsibility of any organization to perform such activities, which helps the social community to improve their life-style. Performing activities for the social community helps an organization to build a healthy brand image, which actually helps an organization to maintain business sustainability. In case of Crocodile Garments, the company is performing many social activities such as charity in order to comply with the environmental policies. The company is also concentrating on the 3R that means Reduce, Reuse and Recycling of the products in order to improve the quality of the natural environment and influence the people to conserve the natural environment (Crocodile.com 2016). Suppliers: The demand of the suppliers is to maintain transparency in terms of business activities. In this manner, the company will be able to maintain long-term relationships with the suppliers, which is helpful for maintaining business sustainability. In order to meet objectives of the suppliers, Crocodile Garments has established a healthy relationship with the suppliers in terms of monitory transaction and other business activities. 1.3 Explaining the responsibilities of the organization along with the employed strategies for performing them An organization has huge responsibilities towards the stakeholders. Therefore, different organizations employ different strategies for fulfilling the responsibilities in accordance with the needs and demands of different stakeholders. As mentioned earlier, the major stakeholders of Crocodile Garments are consumers, investors, social community and suppliers. It is the sole responsibility of the organization to fulfill demands of every stakeholder for maintaining business sustainability. For instance, Crocodile Garments needs to improve the product quality in order to satisfy the consumers, which is a responsibility of the company towards the consumers. Apart from that, the company needs to deliver relevant information to the consumers in order to conduct ethical business. On the other hand, investors should have adequate knowledge regarding the business activities of the company. Therefore, Crocodile Garments is solely responsible for maintaining transparency with the investors as wel l. The responsibility towards the social community is to maintain the environmental quality (Garbarski 2015, p.107). In case of the suppliers, the organization is committed to conduct ethical business practices. Following are the strategies of Crocodile Garments for fulfilling responsibilities towards the above-mentioned stakeholders. Consumers: In order to fulfill the responsibilities towards the consumers, Crocodile Garments has developed an effective communication model, which helps the company to evaluate the needs and requirements of consumers. In this manner, consumers can share their needs and wants with the company and apart from that, consumers can provide their positive and negative feedbacks to the specific representative. Therefore, it can be said that the strategy of Crocodile Garments is to get in touch with the consumers for improving the product quality continuously. Investors: Investors need to know about the entire financial background of the organization at a random basis. The strategy adopted by Crocodile Garment for fulfilling this particular requirement is to publish organizational information to their annual report (Crocodile.com 2016). While publishing the organizational information such as cash flow and profitability along with expected profitability, the company is maintaining transparency. Moreover, the information provided by the organization is not manipulative in nature. Social Community: In order to meet the responsibility towards the social community, the company has taken a proactive approach for taking part in charitable activities. The company has conducted many fund collection activities for the rural population of the community they serve (Crocodile.com 2016). Moreover, the company conducts different social campaigns in which the company provides clothes to the poor people of the operating target market. Suppliers: The organization is responsible for maintaining a healthy communication with the suppliers for maintaining a sustainable relationship. Therefore, the company has adopted an effective strategy for building a healthy strategy with the suppliers. It also helps the organization to monitor the activities of the suppliers along with sharing organizational activities with the suppliers. Task 2: Understanding the nature of the natural environment in which the organization operates 2.1 Explaining how economic system attempts to allocate resources in effective manner There are mainly three types of economic systems present in this world market economy, planned economy and mixed economy. Market economy is such an economy, where the decisions related to the use of resources and the prices of goods and the people in the country decide services. On the other side, in case of planned economy, the government of the country takes the decisions related to the use of resources and pricing. The mixed economy is the combination of these two economic systems (Kline 2014, p.70). The resource allocation mechanism in the market economy is driven by the free interactions of the market forces. This indicates that in the market economy, the consumers decide what needs to produce; producers decide how that needs to be produced and the purchasing power of the customers decides for whom to produce (Hossain 2014, p.751). The government decides the resource allocation mechanism in the planned economy by creating a centralized planning. This means, the government decid es what to produce, how to produce and for whom to produce. In case of the mixed economy system, the resource allocation is determined by the demand and supply of the market forces. In UK, the economic system is of free market economy, where the consumers decide what to produce, companies take the decision regarding how to produce and the purchasing power of the consumer decides whom to produce (Dosi et al. 2015). Now, if there is inflation in the economy, then the money supply in the economy will grow up and due to that the expense level of the consumer will rise and the companies will be able to employment more people. The economic system will influence the companies to allocate resource that is more human. On the other side, the companies in the economy will be able to pay minimum wage to each of the employees. 2.2 Assessing the impact of monetary and fiscal policy on Crocodile Garments and its activities The monetary and the fiscal policy of a country have several effects on the business of an organization. In case of the business of Crocodile Garments, the business of the company can be affected and its activities can be changed due to the changes in the fiscal and monetary policies of the government of the country (Rey 2015). The effects are shown below: Fiscal Policies and its Impact Increasing VAT (Value Added Tax): Value Added Tax or VAT is a consumption tax that is applied on a product or service at the time when the value is added to the product or service at the production as well as final stage. If the government of UK increases the rate of VAT, the indirect cost of the company will increase because the maintenance cost or accounting cost of the company will grow up (Dosi et al. 2015). However, the impact of VAT is more on consumers than the company. If the rate of VAT increases, then the prices of the products will also increase because it is an indirect tax that the consumer requires to pay while purchasing the product. Due to this, the company will require to change the price level of the products (Craig and Campbell 2012). Increasing Income Tax If the government of UK increases the rate of income tax, then the cost of the Crocodile Garments will grow up because the company will require paying more taxes on its PBT. This will actually de-motivate the company growing the income level (Rey 2015). However, the company can manage the income tax through proper tax planning. Monetary policies and impacts Reducing interest rate In case of Crocodile Garments, this monitory policy will help the company to borrow high amount at low cost. Therefore, the spending of the organization will also increase for this activity. Increasing Money Supply The monetary policy in a country aims to influence the consumer spending and aggregate demand in the market by using the interest rates and the different monetary tools. In case of UK governments monetary policy, the aim is to keep the inflation rate in the economy within the target of CPI 2% +/- 1. Now if the money supply in the UK economy is increased due to the monetary policy, then the aggregate demand in the market will also grow up and this will increase the revenue of the Crocodile Garments (Legislation.gov.uk 2016). The company will increase the production. At the same time, due to the increased money supply in the market, the company will be able to employ more employees. As the interest rates will be low due to the increased money supply in the market, the total costs of Crocodile Garments will decrease and the investment opportunities will increase. 2.3 Evaluating the impact of competition policy and other regulatory mechanism on the activities on Crocodile Garments Competition policy helps the organizations to gain competitive advantage and this policy helps the business organizations to conduct fair trade in the domestic and international market. This policy prevents collusion among the firms and therefore, power can be distributed among the firms equally. In other words, competition policy helps to prevent one organization to gain excessive market power. Moreover, the aim of the government is to prevent business monopoly, which is indirectly improving the overall economy of the country. The competition policy of UK government has been stated under the Competition Act 1998 (Legislation.gov.uk 2016). This act aims to investigate about the suspected abuses of the monopoly businesses in order to protect the interests of the customers. Due to the competition policies of UK government, the management at Crocodile Garments is bound to maintain the price level about the cost because the Competition Act 1998 restricts the selling of products below the cost level (Legislation.gov.uk 2016). Similarly, the firm cannot set the price at much high level because if the firm does this, then the Competition Act 1998 will consider that pricing as the abuse of monopoly power. At the same time, the management at Crocodile Garments cannot deal with the suppliers at very low price because that will be again considered as the use of power (Legislation.gov.uk 2016). On the other side, the Employment Rights Act 1996 in UK states about all the rights of the employees and employers in the business organizations in UK (Legislation.gov.uk 2016). Therefore, the management at Crocodile Garments is bound to set their activities in such a way so that every employee can have equal rights. No discrimination is done based on gender, race or religion. Task 3: Understanding the behavior of Crocodile Garments in the market environment 3.1 Explaining how the market structure determine the pricing and output decision of business There are several types of market structure available in the economies of different countries. Mainly four types of markets can be noticed in different countries as well as in UK and these are perfectly competitive market, monopoly market, monopolistic market and oligopoly market. A market can be considered as a perfectly competitive market, when there are many buyers and sellers, every seller has similar right to sale the products, and there is no entry or exit barrier in the perfectly competitive market. In this type of market, the sellers have no control over the prices of the products (Mirman, Salgueiro and Santugini 2015). As there are numbers of seller in the market with equal rights and the buyers have all the information about the market, no one can influence the price and output level in the market. The market forces set the output decision. On the other side, in a monopoly market, there is only one seller and there are many buyers in the market. Due to this, the seller has all the power to take the decision regarding the price and output level. If the seller notices that there is high demand in the market, the seller can increase the price level without increasing the output much (Andersen and Vetter 2015). On the other side, the seller can also increase the output level by keeping the price at same level. In case of monopolistic market, there are many producers or sellers and many buyers. However, the products of every seller are different from each other. In this type of market structure, the output level is set as per the level of competition in the market (Nikaido 2015). For example, if the Crocodile Garments operates its business in the monopolistic market and one competitor of Crocodile garment increases the output level and decreases the price level in order to compete at the higher level, the Crocodile Garments will also increase the output level and decrease the price level so that it does not lose the existing customers. Oligopoly market is that market, where there are few producers or sellers and they dominate the market. There are many buyers in the oligopoly market and the products are differentiated or homogeneous. In this type of market, the output level is determined by the level of production of each of the seller or producer in the market (Geras' kin and Chkhartishvili 2015). 3.2 Illustrating the way in which market forces shape organizational responses There are several factors, which are known as the primary market forces for a business organization and these are demand and supply in the market, the price level, the inflation rate and recession level (Worthington and Britton 2009). These market forces can affect the activities of the business organizations in several ways (McDonald 2012). For example, if there is high demand for the fashionable mens shirt in the market of UK, then the Crocodile Garments can easily enhance their production and at the same time can increase the price level of the products. Similarly, if the price level of the products of the competitors is low, then the management at Crocodile Garments is bound to maintain the price of the products at low level (Minford et al. 2015). If there is recession in the economy, then the company requires increasing the prices of the products in order to recover the cost of the manufacturing (Li and Liu 2013, p.1402). The garments industry or market is a type of oligopoly market, where few firms operate their business and dominate the market and each of the firms are interdependent and highly influenced by the market forces. The firms in the garment industry are highly influenced by the demand or tastes and preferences of the customers in the market (Kelly and Ashwin 2013). At the same time, they are interdependent on each other (Geras' kin and Chkhartishvili 2015). For example, there is high demand for the cotton shirts in the market in UK and Crocodile Garments is able to sale the cotton shirts at a moderate price level. Now, as there is high demand for the cotton shirts, the competitors of Crocodile Garments will also produce the cotton shirts and as Crocodile Garments is selling the cotton shirts at moderate price level, the competitors will not be able to charge high price for the cotton shirts (Chakravarty 2016). Therefore, it is clear that the competitors of the Crocodile Garments are depen dent on it in case of setting the price level of the products. On the other side, if there is inflation in the market and one of the competitors of Crocodile Garments increases the prices of the products in order to cover the cost, the Crocodile Garments will also increase the price level. 3.3 Judging the way in which business and cultural environment shape the behavior of Crocodile Garments The behavior of a business organization like, Crocodile Garments is highly influenced by the business and cultural environments. In order to identify the effects of business and cultural environments in shaping the behavior of the Crocodile Garments, it is important to analyze the business and cultural environments of the business with the help of PESTLE framework. The analysis is stated below: Political: The political environment in UK is much favorable for the business organizations like, Crocodile. The low interest and tax rates charged by the government of UK have influenced the management of Crocodile Garments paying all interests and taxes properly. These policies of the government have influenced the company rejecting any kind of tax avoidance and fraudulence in the business (Serra, Pointon and Abdou 2012). At the same time, the government of UK has mandated the transparency in the business, which has also influenced the Crocodile Garments behave in a transparent manner. Economic: The current situation of UKs economy is much stable than five years back. However, after the Brexit, the value of pound has decreased and it has affected not only the economy of the country but also the financial positions of the business organizations. However, this type of situation has influenced the business like, Crocodile Garments performing in a better way. The company has influenced to invest more for further development of the business (Hammer et al. 2015). At the same time, as the economic condition is not much sound, the business has concentrated on maintaining the transparency so that the foreign investors get attracted towards the investment at Crocodile Garments. Social: The people in different communities in UK are much fashionable and very adaptive in nature. The culture of the people in the society is mixed culture, which has influenced the management at Crocodile Garments implementing the cross-cultural business management system within the organization. As the people in the society are very conscious about their rights and thoughts, the organization has taken special care of the employees rights and valued the views of the employees (Shen 2014). At the same time, the organization has also taken care of the quality of the products because the people in the society are also very specific about their social classes. Technological: UK is much advanced in technology. The advanced technological environment has helped the organization handling the situations when there is scarcity of raw materials. With the help of advanced technology, the company is able to manufacture the products with the help of substitute raw materials (Fletcher 2013). Moreover, the advanced technology in UK has influenced the garments manufacturer like Crocodile Garments changing the fashion of the people. Legal: In UK, every organization is bound to maintain certain legal guidelines like, Employment Rights Act, 1996, National Minimum Wage Act 1998, Health, and Safety at Work Act 1974. All of these legal guidelines have influenced the organization maintaining a proper working environment at the workplace and providing proper remuneration and safety to the employees (Hammer et al. 2015). Environmental: The people as well as the government in UK are very conscious about the natural environment of the country. The Climate Change Act 2008 has influenced the management at Crocodile Garments maintain the sustainability of the natural environment while operating the business activities (Shen 2014). Task 4: Assessing the significance of the global factors that shape national business activities 4.1 Discussing the significance of international trade to UK business organization In case of the UK business environment, the service-based organizations are highly influenced by the development of global economic. On the other hand, the UK market is full of service-based organizations operating in the overseas market for taking advantage from the global economy. International tread is one of the most important to UK organizations, as it helps the organizations to gain superiority in competitive market. Globalization is the major reason for which UK organizations are expanding in international market. Following are the benefits of international trade. Advantage of new market segment: An international expansion allows the organizations to develop new market segments by targeting new consumers. In this manner, the organization can increase production as well as the profitability at the same time (Li and Liu 2013, p.1402). Moreover, a new market segment helps an organization to introduce new product design for influencing needs and demands of the newly retained consumers. Overcome stagnancy of domestic market: If the domestic market environment is saturated in terms of market competition and viability, then it can influence an organization to expand business in international market. In case of the UK market, the business possibilities are very high. However, the market is stagnant in terms of demand of domestic products. Therefore, it influences the organizations of UK to expand business in international market rather than being limited to the domestic market. Product or Service diversification: The nature of business is one of the major factors, which influences an organization to go beyond the national borders. More significantly, it is important to build a global essence for some products to be accepted by the consumers. For example, if an organization is providing telecommunication service in the UK market, then it is necessary to be a multinational corporation for gaining trust of the consumers. On the other hand, introducting new service packages along with products would help the company to expand in international market in an effective manner. Specialized products: There are some products, which are specialized and it is not possible to exploit the profitability in the domestic market. In order to gain opportunity of large market, it becomes important for the UK based organizations to expand their business in international market. Contribution of international trade to the GDP of UK: As per the latest national statistics in UK, the international trade has contributed 30% to 32% of the total GDP of the country. However, the national statistics have also disclosed that in the last year, the country had trade deficit of 36.6 billion from the trade of goods and services. In 2015, the exports of the company fell by 2.3 billion (Ons.gov.uk 2016). The fall in the trade of goods was 8.2 billion, which was offset by the increase in the export of services of 5.9 billion (Ons.gov.uk 2016). However, as there are several future opportunities in the emerging markets, it can be expected that in future the country will achieve trade surplus. 4.2 Analyzing the impact of global factors on UK business organization The term international business refers to the organization expansion across the national borders. In this kind of business expansion, the organizations can increase consumer base along with organizational profitability and global essence. In this era of business environment, every organization focuses on business expansion in the international market. In case of the UK based organizations, the aim of the organizations is mostly to export products in the overseas market for increasing profitability. Several factors influence the UK-based organizations to expand in the international market. PESTEL is an effective framework for evaluating the external market forces in business (Wetherly and Otter 2011, p.351). Following are certain factors, which influences organizations in the UK market to expand in the international market. Political factors: International business expansion depends on the political stability of the targeted country, which is a global factor (Al Khattab et al. 2012, p.169). If the political background of a country is unstable, it will be obvious that the business policies of that country will be unstable. Therefore, political instability of a country can affect international expansion of CG negatively. Economic Factors: Global business is directly associated with the global economy. This factor affects the buying power of the buyers along with the market demand of products and services. Most of the UK business organizations are operating their businesses in developing countries. On the other hand, economical recession, inflation and other economical crisis reduce the product demands of the UK organizations (Grigorescu and Badea 2013, p.65). Therefore, it can be said that economic stability of the country has effect on overseas tread of CG. Social Issues: The social trend is evolving rapidly and therefore, needs and expectations of the consumers are changing. However, in this changing trend of consumers buying behavior, UK based organizations are conducting efficient consumer evaluation in order to maintain business sustainability. In case of the UK market, most of the population is aged and therefore, organizations are paying extra cost for the retired employees. On the other hand, the demand of fast moving goods is lower than the demand of medicines and accommodation. In case of CG, the business development of the company can be effected by the changing social trends. Technological Factors: The technological factors are one of the most important factors, which affect the growth and development of an organization. The UK business environment is highly innovative in terms of technological aspects. Since 2010, the use of social media increased among the aged groups as well (Ayres 2013, p.1541). Therefore, it can be said that technological innovation is what organizations are opting in order to promote their offerings (Micheli et al. 2012, p.51). It helps the business organizations to attract consumers from competitive market. Therefore, CG needs to response quickly in order to adopt innovative technology in order to increase customer retention in international market. Environmental Protection: An organization needs to comply with the environmental policies in order to maintain business sustainability. UK organizations use the support of media in order to promote their sustainable practices with the stakeholders. However, the UK media can conduct negative publicity of an organization, which affects business growth and development negatively (Economicshelp.org 2016). In order to conduct sustainable business, CG needs to conduct corporate social responsibilities in an efficient manner. Legal Factors: In order to maintain business sustainability, an organization should comply with the changing legal frameworks. Currently, the UK government has implemented different legal frameworks for the domestic and international businesses such as minimum wages and recirculation policy (gov.uk 2016). Not complying with the legal frameworks will affects business development of CG negatively. Apart from the above mentioned factors, there are many other factors, which have affected the business organizations in UK. One of those factors is the international trade. At the current scenario, the percentage of import is higher than the percentage of export in UK. Most of the large business organizations in UK are importing the labor from the countries like, China and India in order to achieve the competitive advantage (Economicshelp.org 2016). This indicates that the international trade is helping the UK business organizations achieving the competitive advantage in the market. If the business organizations achieve the competitive advantage due to international trade, then their profit level also grows up, which influence the positive contribution towards the economy of the country. On the other side, several market opportunities have high impact on the business organizations in UK. One of them is the lowest corporate tax rate. In this current scenario, the corporate tax rate on the profit is 20% for the companies, which earn yearly profit of 300000 or less than that and 21% for the companies, which earn yearly profit above 300000, whereas in USA, the corporate tax rate is 39.1% and in Australia it is 30% (Economicshelp.org 2016). This lowest corporate tax influences the business organizations developing their business in UK economy. The annual growth rate of UK economy also influences the business organizations. The annual growth rate of UK economy is 2.7% and it is Europes the second healthiest economy after Germany. Due to the high economic growth, the business organizations in UK are getting more opportunities for business expansion because the amount of investment has increased in the business organizations in UK. The current investment statistics of Europe has disclosed that 80% of the total FDI investment has been done in the businesses in UK (Ealbusiness.co.uk 2016). The World Trade Organization has also contributed towards the growth of the UKs business organizations. The deal with the WTO in December 2013 has provided great business opportunities to the small business organizations in UK. This particular deal has provided the scope of starting 100000 new small businesses in UK, which have contributed 30 billion to the UK economy (Wto.org 2016). There is another factor that has high impact on the business organizations in UK and that is the emerging market opportunities. In a survey in recent past that is in 2012, it has been identified that 83% of the UK business organizations are looking to the emerging markets in the developing country for business growth. The business organizations in UK are mostly interested to invest in the emerging markets of India, China, France, Singapore, USA and Germany (Mizudesign.com M 2016). Protectionism has also impact on the development of the business organizations in UK. The government of UK has realized that if there is more protectionism, there is less scope for import and exports or international trade. Due to this, the government of the country has implemented fewer tariffs and other barriers for international business, which has helped the organizations in further business development (Mizudesign.com 2016). 4.3 Evaluating the impact of policies of the European Union on UK business organizations European Union Policies affects the business activities of CG (Crocodile Garments) in an effective manner. Following are the EU policies and its impact on the CGs business development and the overall UK economy. Employment policy: Government of UK has implemented employment policy in which CG should provide training to the employees in order to improve organizational efficiency. However, a certain economic recession would force the employees to accept low wages (Bolton, Laaser and Mcguire 2016, p.589). On the other hand, government has implemented different training programs for increasing employment. It affects the business environment of CG positively and therefore, the CG can conduct sustainable business on domestic and international market. Inflation policy: The European Union (EU) has implemented this policy for handling instable economical situation. In order to handle such situations, the government increases the interest rate and therefore, cost of product price goes high (Euintheus.org 2016). In this particular market situation, spending of people reduces and therefore, product demand of CG may reduce. Taxation Policy: The government has implemented this policy for helping the organization in contributing to the social community. Apart from that, following this particular policy, government can also contribute in organizational development of domestic and international organizations. Therefore, it can be said that this policy of EU helps CG to maintain business sustainability. 5.0 Conclusion While concluding, it can be said that todays organizations are implementing consumer centric strategies for satisfying different types of stakeholders. Apart from consumers, investors, social community and suppliers are the stakeholders of an organization. Strategies of an organization depend on the business process and external environment. This paper shows how different types of organizations used to stay connected with their stakeholders. Reference list and bibliography Al Khattab, A., Aldehayyat, J., Alrawad, M., Al-Yatama, S. and Al Khattab, S. 2012, "Executives' perception of political-legal business environment in international projects", International Journal of Commerce and Management,vol. 22, no. 3, pp. 168-181. Alexandru, B. and Ioan, P. 2013, "COMMUNICATION STRATEGY ABOUT BUSINESS MODELS: STAKEHOLDERS PERSPECTIVE",Annals of the University of Oradea : Economic Science,vol. 22, no. 1, pp. 1434-1442. Andersen, P. and Vetter, H., 2015. Pricing as a risky choice: Uncertainty and survival in a monopoly market.Economics,9(29), p.1. Ayres, E.J. 2013, "The impact of social media on business and ethical practices in dietetics",Journal of the Academy of Nutrition and Dietetics,vol. 113, no. 11, pp. 1539-1543. Bain, P.L. and Nowak, K., 2015. Sole Proprietorships.NY Practice Guide: Business and Commercial. Basgze, P. and Tektas, .. 2012, "Ethical Perceptions and Green Buying Behavior of Consumers: A Cross-National Exploratory Study",Journal of Economics and Behavioral Studies,vol. 4, no. 8, pp. 477. Bolton, S., Laaser, K. and Mcguire, D. 2016, "Quality Work and the Moral Economy of European Employment Policy",JCMS: Journal of Common Market Studies,vol. 54, no. 3, pp. 583-598. Chakravarty, S., 2016, July. 11 Market Forces and. InMarket Forces in Planned Economies: Proceedings of a Conference held by the International Economic Association in Moscow, USSR(p. 229). Springer. iflikli, C. and Kahya-zyirmidokuz, E. 2012, "Enhancing product quality of a process",Industrial Management Data Systems,vol. 112, no. 8, pp. 1181-1200 Corona, C. and Nan, L. 2013, "Preannouncing competitive decisions in oligopoly markets",The Journal of Accounting and Economics,vol. 56, no. 1, pp. 73-90. Craig, T. and Campbell, D., 2012.Organisations and the business environment. Routledge.

Small Steps free essay sample

At the end of the book Holes (the prequel to Small Steps), Camp Green Lake had been locked down and the boys released. Once the protagonists from Holes, Stanley and Zero, had been freed from the camp, the common 5th grader couldn’t wait for a follow up on what life would throw at them next. Unfortunately, Small Steps didn’t’ posses our desires, instead it follows the story of one of the minor character named Theodore (nicknamed Armpit). After spending some time in a halfway house, Armpit starts to get his life back on track by taking summer school classes and getting a job in the landscaping busines. He does this not only for self benefits but to improve his reputation with his mom (since he lost her respect for going to Camp Green lake) Shortly after, Armpit befriends a young, white girl named Ginny (who his neighbor and has cerebral palsy). We will write a custom essay sample on Small Steps or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page This stereotype, and message, is not commonly graspable to the average 10 year old (since this book is aimed toward that age). Surprisingly this â€Å"vulgarity† continues throughout the book with scenes such as Armpit’s friend selling parsley as marijuana, an attempted murder and a teen pop rock sensation telling everyone she’s a virgin. Although shocking, these points didn’t fully sway the main intentions of Sachar’s work. Armpit partly becomes friends with Ginny because no one else would want to be close to her, thus, feeling pity he takes it upon himself to treat her as his sibling. Subsequently, his old pal from camp green lake (X-Ray) appears, from what it seems like from no where, with a get-rich-quick scheme. This involves, scalping tickets to the Kaira Deleon concert, the current teen pop sensation. Another minor character, what is Sachar thinking? While reading the book it was found motivating to know there was some hope that the person Armpit acknowledged could’ve been a protagonist. Yet it was just X-ray with some cheesy plan. If Sachar would have thrown in at least one â€Å"somebody†, then this book would have been a lot more enjoyable. So Armpit plays along with X-ray’s scheme and sold all twelve of their tickets but two. So Armpit decides to invite good ol’ Ginny to the concert. At the concert, security confronted the pair because they supposedly had counterfeit tickets. However, the officers really thought Armpit had Ginny on drugs, which was just symptoms of her disease, yet being black didn’t help Armpit at all either. It turns out , X- Ray had sold the last tickets to a couple and photo copied them before he gave them away. Surprisingly, Kaira Deleon comes down to see what’s the matter and falls in love at first site with Armpit. Throughout the book, up until this point, Ginny had been considered a main character. Then after the concert she seems to just disappear into thin air. It seems Louis Sachar just stuck Ginny in the beginning to show what a great and humble guy Armpit is. Such events included: Armpit being Ginny’s friend, and him looking after/treating her like a sibling. After the concert, X-ray and Armpit are confronted by multiple people including: the police, and men that run a ticket scalping business. The two manage to lie to the police about the tickets and attempt to cover themselves with the ticket scalping business people who claim Armpit and X- ray owe them money. The ticket scalping people subsequently fight X- ray and Armpit Again, Gory fights, and lying to the police? Sachar must have hit his head because he totally forgot about his audience, yet again. It might’ve been a good book for middle school students but for elementary, not so much. All the while, Armpit travels to San Francisco as a v. i. p to one of Kaira’s concerts and ends up in a mess. Kaira’s manager attempted to murder Kaira by framing Armpit but Armpit manages to save Kaira and protrude too many as the hero, even his mom. Overall Small Steps was a good book†¦for teenagers that is. Not to say it wasn’t a good book it was just a distraction due to the indecent behavior of many. With all that violence and outlandish behavior, sadly it didn’t become that â€Å"must read† as Holes did.

Scdl Assignment free essay sample

LIST OF ATTEMPTED QUESTIONS AND ANSWERS Multiple Choice Multiple Answer Question This Question refers to the case of Hansa Tractomotive Ltd. : After completion of manufacturing, Jay Jee took following actions :- Correct Answer Dispatched the consignment by Express Roadlines by truck , Raised the Hundi for the invoiced amount , Did not send the consignment by Hansas designated carrier Your Answer Did not send the consignment by Hansas designated carrier , Dispatched the consignment by Express Roadlines by truck , Raised the Hundi for the invoiced amount Multiple Choice Single Answer Question This Question refers to the case of Universal Fasteners Ltd. : During the meeting with G. M (Mr. Kaul) Store Keeper Mr. Bapat informed that purchases were made from :- Correct Answer Several sources Your Answer Several sources Multiple Choice Single Answer Question This question refers to case on Uma Tools Pvt Ltd (UTPL) : One of the following is not a variable overhead:- Correct Answer Space Your Answer Space True/False Question This Question refers to Uday Electroplating Shop : As per cost figures collected, Expected volume of work on special equipment next year is 10,000 Nos. We will write a custom essay sample on Scdl Assignment or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Correct Answer True Your Answer True Multiple Choice Single Answer Question This Question refers to the case of Narmada Electricals Ltd. : In the existing method, the scarp generated in processes like machining was stored in :- Correct Answer Scrap yard Your Answer Scrap yard Match The Following Question Correct Answer Your Answer Anonymous letter received by M. D. Need to justify Need to justify This question refers to the case of Northern Machinery Ltd. : Senior buyers Seen in top hotels with suppliers No material facts to support the arguments Reason for failure to onvince the Board of Directors No material facts to support the arguments No confidence in Material manager and Senior buyers Lot of items on the agenda Need to be concise and to the point Need to be concise and to the point Multiple Choice Multiple Answer Question This Question refers to the case of Divgi Metalwares Private Limited : The new items contracted by the company are handled by the development department for :- Correct Answer Submission of samples , Manufacture of one or two production lots , Transfer to manufacturing department for regular roduction, after successful development Your Answer Submission of samples , Manufacture of one or two production lots , Transfer to manufacturing department for regular production, after successful development Multiple Choice Multiple Answer Question This Question refers to the case of Classic Engineering Components Ltd. : The company has well established machine shop having more than 150 machines and :- Correct Answer A heat treatment shop , Metrology section , Packing section Your Answer A heat treatment shop , Metrology section , Packing section Multiple Choice Single Answer Question This Question refers to the case of The Gujrat Engineering company Limited : The company also executes :- Correct Answer Rush orders Your Answer Rush orders Select The Blank Question This Question refers to Uday Electroplating Shop :The owner finds it ________ to get part time employees when there is heavy work load. Correct Answer Difficult Your Answer Difficult Multiple Choice Single Answer Question The question refer to the case on Kalpak Engineers :Kalpak Engineers have contracted from a boiler company manufacturing of 500 nos of stay bolt. In the manufacturing process grinding operation is carried out on following machine :- Correct Answer Cylindrical grinder Your Answer Cylindrical grinder Multiple Choice Single Answer Question This question refers to case on Uma Tools Pvt Ltd (UTPL) : Process sheet for exhaust manifold provides following information:- Correct Answer Jigs and fixtures required Your Answer Jigs and fixtures required Multiple Choice Multiple Answer Question This Question refers to the case of Classic Engineering Components Ltd. : The company supplies components to :- Correct Answer Automobile industries , Printing machines , Machine tool amp; process equipment industries Your Answer Automobile industries , Printing machines , Machine tool process equipment industries True/False Question This Question refers to the case of Classic Engineering Components Ltd. : Mr. Sen noticed that each worker was provided with the drawing of the component. Correct Answer False Your Answer False Multiple Choice Multipl e Answer Question This Question refers to the case of Eagle Machine Company : Cost of running Sallys department is Rs 3,70,000 per year. This is on account of :- Correct Answer Salaries , Fringes , Expenses Your Answer Salaries , Fringes , Expenses Select The Blank Question This Question refers to the case Quality Gauges Pvt. Ltd. : After the introduction of scheme, shop floor manager has complained of pressure from workmen for ________. Correct Answer Overtime Your Answer Overtime Match The Following Question Correct Answer Your Answer Test of viability of standards Production study Production study This question refers to case on Morbay Engineering Works (MEW) : Guaranteed time wage Scanlon Plan Predetermined Method Time standards Base wage rate Job Evaluation Work Measurement Fixation of Performance standard Work Measurement Job Evaluation Select The Blank Question This Question refers to the case of The Irate Vendor : Jones had been brought in by a management consultant to ________ the departments buying activities. Correct Answer Centralize Your Answer Centralize Multiple Choice Single Answer Question This Question refers to the case of Kerson Automobiles : It was decided to modify the existing layout of the plant in the year :- Correct Answer 1972 Your Answer 1972 Multiple Choice Multiple Answer Question This Question refers to the case of The Gujrat Engineering company Limited : The company has received a special order where :- Correct Answer A special cylinder is to be manufactured. , The item is to be manufactured from a hollow bored forging , Fastest delivery is requested Your Answer A special cylinder is to be manufactured. , The item is to be manufactured from a hollow bored forging , Fastest delivery is requested Select The Blank Question This question refer to the case on Allied Industries Pvt Ltd : One of the assumptions of the case is- other incidental costs (e. g. paper work, Transport charges for acquiring and regrinding thread roll) are ________. Correct Answer Negligible Your Answer Low Select The Blank Question This Question refers to the case of Artwood Products : The ________ furniture is sold through distributors. Correct Answer Standard Your Answer Standard Multiple Choice Single Answer Question This Question refers to the case of Divgi Metalwares Private Limited : It is a :- Correct Answer Light engineering company Your Answer Light engineering company True/False Question This question refers to case on Uma Tools Pvt Ltd (UTPL) : The average efficiency on the other components currently being produced is around 75%. Correct Answer True Your Answer True Multiple Choice Multiple Answer Question This Question refers to the case Suyog Udyog : The process involves the use of :- Correct Answer HMT M-2V machine , HMT-2U machine , Investa Pillar drill Your Answer HMT M-2V machine , HMT-2U machine , Investa Pillar drill Select The Blank Question This question refers to case on Uma Tools Pvt Ltd (UTPL) : Jigs and fixtures once provided will be able to maintain accuracy up to about ________ pieces. Correct Answer 20000 Your Answer 20000 True/False Question This question refers to case on Morbay Engineering Works (MEW) : It is difficult to install an incentive scheme and easy to withdraw when desired. Correct Answer False Your Answer True True/False Question This Question refers to the case Suyog Udyog : The operation time for C sunk 14 dia holes on both sides is 0. 50 per piece. Correct Answer True Your Answer True Multiple Choice Multiple Answer Question This Question refers to the case of The Geer Company : Problems got created due to :- Correct Answer Added work load in purchasing , Divided buying responsibilities , Number of inexperienced buyers Your Answer Added work load in purchasing , Divided buying responsibilities , Number of inexperienced buyers Multiple Choice Single Answer Question This Question refers to the case Indus Foundries Ltd. : The company is faced with following problems :- Correct Answer Choice of Location Your Answer Choice of Plant machinery Multiple Choice Multiple Answer Question This question refers to case on Weldtech India Pvt Ltd (WIPL) : Following is the information requirement for using CPM/PERT techniques:- Correct Answer List of activities , Activity duration , Precedent relationship of the activities Your Answer List of activities , Activity duration , Person responsible for activity completion Multiple Choice Single Answer Question This question refers to case on Morbay Engineering Works (MEW) : The success of an incentive plan to a large extent depends on the following factor:- Correct Answer Quality of performance standard Your Answer Production Planning and Control system Multiple Choice Multiple Answer Question This question refers to case on Morbay Engineering Works (MEW) : Following systems are prerequisites for an incentive scheme:- Correct Answer Good production planning and control system , Good Inspection and quality control system , Sound system of accounting operators daily output Your Answer Good production planning and control system , Good Inspection and quality control system , Sound system of accounting operators daily output Select The Blank Question This Question refers to the case of K. T Gears : The problem envisages determining the rate of ________ before and after improvement in the existing method. Correct Answer Production Your Answer Speed Multiple Choice Multiple Answer Question This Question refers to the case of The Geer Company : The problems reported are :- Correct Answer Delays in placing orders , Frequently late deliveries , Incorrect ordering quantities Your Answer Delays in placing orders , Frequently late deliveries , Incorrect ordering quantities Multiple Choice Single Answer Question This question refers to case on Morbay Engineering Works (MEW) : Following practice if prevalent, must be eliminated to guarantee success of wage incentive scheme :- Correct Answer Overtime Your Answer Encashment of leave True/False Question This Question refers to the case of Universal Fasteners Ltd. : The organization has reputation for poor deliveries. Correct Answer False Your Answer False Multiple Choice Single Answer Question This question refers to case on Weldtech India Pvt Ltd (WIPL) : Use of Network Techniques beside computing project duration also helps in the following :- Correct Answer Possibilities of reducing project duration Your Answer Computing manpower requirement Multiple Choice Single Answer Question The question refer to the case on Kalpak Engineers : This case is concerned with following element of production planning:- Correct Answer Routing Your Answer Scheduling Multiple Choice Single Answer Question This Question refers to the case of Hansa Tractomotive Ltd. : The machines were completed by Kay Jee :- Correct Answer Within the stipulated delivery period Your Answer Within the stipulated delivery period Select The Blank Question This Question refers to the case of Kerson Automobiles : The pedestal grinder mounted on the huge work table, gives out ________ and blows out dust. Correct Answer Sparks Your Answer Sparks Select The Blank Question This question refers to case on Uma Tools Pvt Ltd (UTPL) : In machining Exhaust Manifold, no cutting oil is required as the material is ________. Correct Answer Cast iron Your Answer Plastic Select The Blank Question This question refers to case on Morbay Engineering Works (MEW) : Success of wage incentive plans to a large extent depends on the ________ of performance standards. Correct Answer Quality Your Answer Quality True/False Question This question refers to case on Uma Tools Pvt Ltd (UTPL) : The cost of foundry reject is borne by the company. Correct Answer True Your Answer True True/False Question This question refers to the case of Northern Machinery Ltd : As per summary of purchases of the last year, Material cost as a proportion of sales is 26%. Correct Answer False Your Answer True True/False Question This Question refers to the case Quality Gauges Pvt. Ltd. : The executives were entitled for incentive bonus. Correct Answer True Your Answer True Select The Blank Question This Question refers to the case Suyog Udyog : Number of work stations are to be decided based on assumption that monthly off take is ________ numbers. Correct Answer 8000 Your Answer 8000 Cases in Operation Management LIST OF ATTEMPTED QUESTIONS AND ANSWERS Multiple Choice Single Answer Question This Question refers to the case of The Irate Vendor : Tom Jones has been hired as Purchasing director for a company hich is a :- Correct Answer Medium sized food products firm Your Answer Medium sized food products firm Multiple Choice Single Answer Question This Question refers to the case of Artwood Products : The company is engaged in design and manufacture of wooden furniture. The critical factor in acceptance of furniture is :- Correct Answer Quality Your Answer Quality Select The Blank Question This quest ion refers to case on Morbay Engineering Works (MEW) : Overtime must be ________ to guarantee the success of the wage incentive scheme. Correct Answer Eliminative Your Answer Eliminative True/False Question This Question refers to the case of Hansa Tractomotive Ltd. : Kay Jee dispatched the consignment as per the terms of the order. Correct Answer False Your Answer False Multiple Choice Multiple Answer Question This Question refers to the case Suyog Udyog : Operation details are as follows :- Correct Answer Drill and ream 3 holes, 14 mm dia , Deburr , Mill 2 slots 28 mm wide Your Answer Deburr , Mill 2 slots 28 mm wide Match The Following Question Correct Answer Your Answer Machine shop congested with semi-processed material kept in the bins and components lying on he floors all around. Shortage of space Shortage of space This Question refers to the case of Classic Engineering Components Ltd. : Measuring instruments like vernier calipers, micrometers or gauges Shared by operators Calibrated in Quality control department of the Company Unispected lots Processed Identifiable by tags and markings Responsibility of oiling /greasing Maintenance department Maintenance de partment True/False Question This question refers to Automotive Gears Private Limited : The table given in the case study gives approximate machine hour rate for each indicated machine. Correct Answer True Your Answer True True/False Question This question refers to case on Weldtech India Pvt Ltd (WIPL) : Project duration can always be reduced by deploying additional recourses. Correct Answer False Your Answer False Multiple Choice Single Answer Question This Question refers to the case of Kerson Automobiles :The option of shifting the workshop to another location at the outskirts of the city was shelved because :- Correct Answer Company was likely to lose business of spare parts and service of old cars Your Answer Company was likely to lose business of spare parts and service of old cars Select The Blank Question This Question refers to the case Indus Foundries Ltd. :Industrial relations climate at all the proposed locations is ________ for production. Correct Answer Conductive Your Answer Conductive Multiple Choice Multiple Answer Question This Question refers to the case of Kerson Automobiles : The huge work table placed outside the machine shop can be used to carry out :- Correct Answer Debarring work , Cleaning work , Filing work Your Answer Filing work , Debarring work , Cleaning work Multiple Choice Single Answer Question This Question refers to the case Suyog Udyog : The proprietor is a :- Correct Answer Technical person Your Answer Technical person True/False Question This question refers to case on Morbay Engineering Works (MEW) : It is difficult to install an incentive scheme and easy to withdraw when desired. Correct Answer False Your Answer False Select The Blank Question This question refers to case on Morbay Engineering Works (MEW) : Success of wage incentive plans to a large extent epends on the ________ of performance standards. Correct Answer Quality Your Answer Quality Multiple Choice Single Answer Question This question refers to Automotive Gears Private Limited : It manufactures a wide variety of :- Correct Answer Gears shafts Your Answer Gears shafts Multiple Choice Multiple Answer Question This Question refers to the case Indus Foundries Ltd. :Following items are readily available at all the three locations :- Correct Answer Raw materials , Scrap , Foundry chemicals Your Answer Raw materials , Scrap , Foundry chemicals Select The Blank Question This Question refers to the case of The Irate Vendor : Jones had been brought in by a management consultant to ________ the departments buying activities. Correct Answer Centralize Your Answer Centralize Multiple Choice Single Answer Question The question refer to the case on Kalpak Engineers :Kalpak Engineers have contracted from a boiler company manufacturing of 500 nos of stay bolt. In the manufacturing process grinding operation is carried out on following machine :- Correct Answer Cylindrical grinder Your Answer Cylindrical grinder Multiple Choice Multiple Answer Question This Question refers to the case of Artwood Products : The cost of manufacturing has increased due to :- Correct Answer Blockage of funds in inventory , Longer manufacturing cycle time , Poor quality of products Your Answer Blockage of funds in inventory , Longer manufacturing cycle time , Poor quality of products Multiple Choice Single Answer Question This question refers to case on Uma Tools Pvt Ltd (UTPL) : This case is on make-buy decision for an item. Name of that item is one of the below :- Correct Answer Exhaust Manifold Your Answer Exhaust Manifold Multiple Choice Single Answer Question This Question refers to the case of The Geer Company : The purchase of steel was done exclusively by :- Correct Answer One buyer Your Answer One buyer Multiple Choice Multiple Answer Question This question refers to case on Morbay Engineering Works (MEW) : An incentive plan can be considered as a tool for following:- Correct Answer Increase productivity , Create more capacity , Reduce manufacturing costs Your Answer Increase productivity , Create more capacity , Reduce manufacturing costs Match The Following Question Correct Answer Your Answer Inspection Dimensional accuracy Dimensional accuracy The question refer to the case on Kalpak Engineers : First operation Saw off Saw off Consecutive operations Copy turning machine Copy turning machine Last machining operation Thread rolling Thread rolling Multiple Choice Single Answer Question The question refer to the case on Kalpak Engineers : In the case for all machining operations following data on time is furnished:- Correct Answer Setup time and standard time separately Your Answer Setup time and standard time separately Select The Blank Question This Question refers to the case Suyog Udyog : Number of work stations are to be decided based on assumption that monthly off take is ________ numbers. Correct Answer 8000 Your Answer 8000 Select The Blank Question This question refer to the case on Allied Industries Pvt Ltd : Allied Industries Pvt ltd is a small ________ concern with 25 workmen. Correct Answer Proprietary Your Answer Proprietary Multiple Choice Multiple Answer Question This Question refers to the case of Narmada Electricals Ltd. : Production or Quality department decide when these become surplus/obsolete :- Correct Answer Part , Component , Item Your Answer Part , Component , Material Multiple Choice Single Answer Question This Question refers to the case of Northern Machinery Limited : Vice President ( Commercials) called the Materials Manager Mr. Khan and informed him that an anonymous letter was received which mentioned :- Correct Answer Corruption in purchase department Your Answer Corruption in purchase department Select The Blank Question This question refers to Automotive Gears Private Limited : The company produces items for ________ manufacturers. Correct Answer Automobile Your Answer Gear Multiple Choice Multiple Answer Question This question refers to case on Morbay Engineering Works (MEW) : Following are some of the shortcomings of scanlon plan:- Correct Answer It rewards workers even if increase in sales is due to factor like price increase , The plan does not recognize individual efforts , The increase in labour cost due to wage agreement may result in lesser incentive bonus to the workmen Your Answer It rewards workers even if increase in sales is due to factor like price increase , The plan does not recognize individual efforts , The increase in labour cost due to wage agreement may result in lesser incentive bonus to the workmen , The plan is very complex to administer Select The Blank Question This question refers to case on Morbay Engineering Works (MEW) : In Scanlon Plan all employees receive guaranteed ________ wages. Correct Answer Time Your Answer Minimum True/False Question This Question refers to the case of K. T Gears : The activities performed by the operator are listed on the practitioners data sheet. Correct Answer True Your Answer True True/False Question This question refers to case on Uma Tools Pvt Ltd (UTPL) : It is economical to continue subcontracting the machining of Exhaust Manifold to vendors. Correct Answer False Your Answer True Select The Blank Question This question refers to case on Weldtech India Pvt Ltd (WIPL) : Duration of project can be reduced if duration of an activity on ________ path is reduced. Correct Answer Critical Your Answer Critical Select The Blank Question This Question refers to the case of Hansa Tractomotive Ltd. : Enroute to Delhi, the truck collided with an incoming ________. Correct Answer Tractor Trailer Your Answer Tractor Trailer True/False Question This Question refers to Uday Electroplating Shop : As per cost figures collected, Expected volume of work on special equipment next year is 10,000 Nos. Correct Answer True Your Answer True Multiple Choice Multiple Answer Question This Question refers to the case of Hansa Tractomotive Ltd. : After completion of manufacturing, Jay Jee took following actions :- Correct Answer Dispatched the consignment by Express Roadlines by truck , Raised the Hundi for the invoiced amount , Did not send the consignment by Hansas designated carrier Your Answer Dispatched the consignment by Express Roadlines by truck , Did not send the consignment by Hansas designated carrier Multiple Choice Single Answer Question The question refer to the case on Kalpak Engineers : Process sheet does not provide following data:- Correct Answer Shift Your Answer Shift Multiple Choice Single Answer Question This Question refers to the case Suyog Udyog : Balancing weights are manufactured using facilities arranged in :- Correct Answer Process type of layout Your Answer Process type of layout Multiple Choice Single Answer Question This Question refers to the case of Divgi Metalwares Private Limited : The company is manned by :- Correct Answer Professional managers Your Answer Professional managers Multiple Choice Multiple Answer Question This Question refers to the case Indus Foundries Ltd. :The location of plant has been narrowed down to following locations :- Correct Answer Kolhapur , Ahmedabad , Coimbatore Your Answer Kolhapur , Ahmedabad , Coimbatore Multiple Choice Multiple Answer Question This question refers to case on Morbay Engineering Works (MEW) : Following are the some of the important features of incentive plans:- Correct Answer Method of calculating incentive , Period of payment , Determination of performance standard Your Answer Method of calculating incentive , Basis of wage payment , Determination of performance standard Multiple Choice Single Answer Question This question refers to case on Weldtech India Pvt Ltd (WIPL) : Weldtech India Private Ltd proposes to manufacture following products:- Correct Answer General purpose welding electrodes Your Answer General purpose welding electrodes Select The Blank Question This Question refers to the case of Kerson Automobiles : Haphazard parking of cars inside the workshop, leads to ________ movements. Correct Answer Unproductive Your Answer Unproductive Multiple Choice Multiple Answer Question This Question refers to the case Quality Gauges Pvt. Ltd. : The consultant made following recommendations :- Correct Answer Creation of industrial engineering department , Methods improvement fixation of performance standards , Introduction of incentive scheme Your Answer Creation of industrial engineering department , Methods improvement fixation of performance standards , Introduction of incentive scheme Multiple Choice Single Answer Question The question refer to the case on Kalpak Engineers : This case is concerned with following element of production planning:- Correct Answer Routing Your Answer Routing True/False Question This question refers to the case of Northern Machinery Ltd : As per summary of purchases of the last year, Material cost as a proportion of sales is 26%. Correct Answer False Your Answer False Cases in operation mgmt ALPANA True/False Question This question refers to case on Uma Tools Pvt Ltd (UTPL) : It is economical to continue subcontracting the machining of Exhaust Manifold to vendors. Correct Answer False Your Answer True True/False Question This Question refers to the case of National Engineering Co. Correct Answer False Your Answer True Multiple Choice Single Answer Question This question refers to case on Uma Tools Pvt Ltd (UTPL) : Following is One apparent saving if the machining is done at the companys own plant:- Correct Answer Sale of scrap Your Answer Transport cost Multiple Choice Single Answer Question This Question refers to the case of The Geer Company : The purchase of steel was done exclusively by :- Correct Answer One buyer Your Answer One buyer Multiple Choice Multiple Answer Question This Question refers to the case of The Gujrat Engineering company Limited : The forged cylinder ordered on new vendor :- Correct Answer Was received on schedule , Was priced 15 % lower than the price of the previous supplier , Had missed out carrying out some machining operations Your Answer Was received on schedule , Was priced 15 % lower than the price of the previous supplier , Had missed out carrying out some machining operations Multiple Choice Multiple Answer Question This question refer to the case on Allied Industries Pvt Ltd : Variable cost consists of the following :- Correct Answer Cost of a pair thread roll , Regrinding charges on thread roll , Power cost Your Answer Employee cost , Cost of a pair thread roll , Regrinding charges on thread roll Select The Blank Question This question refers to Automotive Gears Private Limited : The case study requires calculation of set up ________ for the job. Correct Answer Cost Your Answer Feature Match The Following Question Correct Answer Your Answer Shop floor mangers pressurized to give Overtime Lot of effort This Question refers to the case Quality Gauges Pvt. Ltd. : Qualifying amount shall be raised with Increase in sales price Total output in terms of value of production Incentive will be paid on Basic salary of each employee Increase in sales price Basis of payment on Total output in terms of value of production Basic salary of each employee Multiple Choice Single Answer Question This Question refers to the case of Divgi Metalwares Private Limited : The table given in the case study gives details of activities and expected time for the same. It requires construction of :- Correct Answer Network diagram of the activities Your Answer Network diagram of the activities Match The Following Question Correct Answer Your Answer Equipment cost Capital recovery factor Threaded nut This question refer to the case on Allied Industries Pvt Ltd. : Variable cost Power cost Power cost Fixed cost Space cost Capital recovery Item Sealing pump Sealing pump Select The Blank Question This Question refers to the case of The Geer Company : The volume of growth tripled due to ________ management. Correct Answer Aggressive Your Answer Aggressive Multiple Choice Single Answer Question This Question refers to the case of K. T Gears : One of the operations recently studied by the methods study practitioner at this company concerns is :- Correct Answer Cutting of groove in a sliding gear Your Answer Cutting of groove in a sliding gear Multiple Choice Single Answer Question This Question refers to the case of Kerson Automobiles : It was decided to modify the existing layout of the plant in the year :- Correct Answer 1972 Your Answer 1972 True/False Question This Question refers to the case of Kerson Automobiles : MD has agreed to carry out modification of existing plant. Correct Answer True Your Answer True Select The Blank Question This Question refers to the case of The Gujrat Engineering company Limited : A compromise was finally reached in which the supplier agreed to ________ the cancellation charges. Correct Answer Withdraw Your Answer Absorb Multiple Choice Multiple Answer Question This question refers to case on Morbay Engineering Works (MEW) : Following are some of the shortcomings of scanlon plan:- Correct Answer It rewards workers even if increase in sales is due to factor like price increase , The plan does not recognize individual efforts , The increase in labour cost due to wage agreement may result in lesser incentive bonus to the workmen Your Answer It rewards workers even if increase in sales is due to factor like price increase , The plan does not recognize individual efforts , The increase in labour cost due to wage agreement may result in lesser incentive bonus to the workmen True/False Question This Question refers to the case of K. T Gears : The activities performed by the operator are listed on the practitioners data sheet. Correct Answer True Your Answer True True/False Question This Question refers to the case of Narmada Electricals Ltd. :The rates of scrap were reviewed from time to time. Correct Answer False Your Answer True Select The Blank Question This Question refers to the case of Eagle Machine Company : The purchase department is responsible only for buying and ________. Correct Answer Expediting Your Answer Inspection Multiple Choice Multiple Answer Question This Question refers to the case of The Geer Company : Problems got created due to :- Correct Answer Added work load in purchasing , Divided buying responsibilities , Number of inexperienced buyers Your Answer Added work load in purchasing , Divided buying responsibilities , Number of inexperienced buyers Multiple Choice Single Answer Question This Question refers to the case of National Engineering Co : GM commented that every department in this company competes with others in matter of :- Correct Answer Inefficiency Your Answer Inefficiency Multiple Choice Single Answer Question This question refers to case on Morbay Engineering Works (MEW) : Incentive schemes can not be considered to be a substitute of the following:- Correct Answer Poor management Your Answer Low manufacturing cost True/False Question This Question refers to the case Indus Foundries Ltd. : Skilled manpower at worker level is not available in plenty at Kolhapur. Correct Answer False Your Answer True Multiple Choice Single Answer Question This question refers to case on Uma Tools Pvt Ltd (UTPL) : Presently the raw castings are procured by UTPL and given to machining to three vendors. If UTPL has to manufacture Exhaust Manifold in house it would have to provide one of the following: Correct Answer New jigs and fixtures Your Answer Additional machines Select The Blank Question This Question refers to the case of K. T Gears : The cycle time per piece to perform the set of activities listed adds up to ________. Correct Answer 2. 30 minutes Your Answer 1. 9 minutes Multiple Choice Multiple Answer Question This question refers to Automotive Gears Private Limited : The spline Grinding machine is used for operation :- Correct Answer Spline Grind (sectionAA) , Spline Grind (sectionBB) , Spline Grind (sectionCC) Your Answer Spline Grind (sectionAA) , Spline Grind (sectionBB) Select The Blank Question This Question refers to the case of Eagle Machine Company : The Marketing Manager ________ the finished stock. Correct Answer Controls Your Answer Buys Multiple Choice Multiple Answer Question This Question refers to the case of Artwood Products : The product range includes :- Correct Answer Sofa , Dressing tables , Office tables Your Answer Office tables , Sofa True/False Question This question refers to case on Uma Tools Pvt Ltd (UTPL) : The cost of foundry reject is borne by the company. Correct Answer True Your Answer True Select The Blank Question The question refer to the case on Kalpak Engineers : Raw material in the form of bar stock is supplied by the ________. Correct Answer Customer Your Answer Stockiest Multiple Choice Single Answer Question This question refers to case on Weldtech India Pvt Ltd (WIPL) : Use of Network Techniques beside computing project duration also helps in the following :- Correct Answer Possibilities of reducing project duration Your Answer Computing manpower requirement Multiple Choice Single Answer Question This Question refers to the case of Eagle Machine Company : The company is facing following problem :- Correct Answer Sales are declining Your Answer Sales are declining Multiple Choice Multiple Answer Question This Question refers to the case Quality Gauges Pvt. Ltd. : The consultant made following recommendations :- Correct Answer Creation of industrial engineering department , Methods improvement ; fixation of performance standards , Introduction of incentive scheme Your Answer Creation of industrial engineering department , Methods improvement ; fixation of performance standards , Introduction of incentive scheme Multiple Choice Single Answer Question This Question refers to the case of National Engineering Co. : As per GM, the route cause of this non-sensical situation is lack of :- Correct Answer Co-ordination Your Answer Co-ordination Select The Blank Question This question refers to case on Weldtech India Pvt Ltd (WIPL) : Delays in completion of ________ would increase Project cost. Correct Answer Project Your Answer Indirect Select The Blank Question This Question refers to the case of The Irate Vendor : As per Jones, the new ________ procedures were sound. Correct Answer Purchasing Your Answer Quality True/False Question This question refers to case on Morbay Engineering Works (MEW) : Under Scanlon Plan employee is paid incentive bonus based on individual efforts and additional output. Correct Answer True Your Answer True Select The Blank Question This Question refers to the case of Kerson Automobiles : The pedestal grinder mounted on the huge work table, gives out ________ and blows out dust. Correct Answer Sparks Your Answer Smells True/False Question This Question refers to the case of Classic Engineering Components Ltd. : Mr. Sen was informed by Mr. Ravikant, Materials Manager that counting is not necessary at every stage as they count at the initial stage and since their workers and supervisors are experienced, they can easily identify the components at each stage of production. Correct Answer True Your Answer True Multiple Choice Multiple Answer Question This Question refers to the case of The Irate Vendor : The Presidents memorandum says :- Correct Answer We have treated this supplier unfairly , He would like to see if his complaint is justified , The Vendors letter suggests that we do not have a policy on evaluating our vendors Your Answer We have treated this supplier unfairly , He would like to see if his complaint is justified , The Vendors letter suggests that we do not have a policy on evaluating our vendors Select The Blank Question This Question refers to the case Quality Gauges Pvt. Ltd. : The agreement mentioned that Incentive amount will be paid along with ________. Correct Answer Wages Your Answer Wages Multiple Choice Multiple Answer Question This Question refers to the case of The Gujrat Engineering company Limited : The company has received a special order where :- Correct Answer A special cylinder is to be manufactured. The item is to be manufactured from a hollow bored forging , Fastest delivery is requested Your Answer A special cylinder is to be manufactured. , The item is to be manufactured from a hollow bored forging , Fastest delivery is requested Multiple Choice Multiple Answer Question This Question refers to the case of Hansa Tractomotive Ltd. : The contract with Kay Jee Hydraulics Ltd was agreed with following terms ; conditions :- Correct Answer Price per unit FOR Bombay , Delivery 10-12 weeks after receipt of buyers confirmed order , Payment 60 days after dispatch of material Your Answer Price per unit FOR Bombay , Delivery 10-12 weeks after receipt of buyers confirmed order , Payment 60 days after dispatch of material Multiple Choice Single Answer Question This Question refers to the case of Northern Machinery Limited : Khan had used a paper to deliver a talk to his senior buyers. This paper contained :- Correct Answer Summary of purchases Your Answer Summary of purchases True/False Question This Question refers to the case of Universal Fasteners Ltd. : Mr. Sharma, Production Engineer informed Mr. Kaul that Hardening ; Tempering was the last operation. Correct Answer True Your Answer True Multiple Choice Multiple Answer Question This question refers to case on Weldtech India Pvt Ltd (WIPL) : Following are the activities involved in employee selection for WIPL :- Correct Answer Release of advertisement , Finalize job profile , Selecting candidates Your Answer Release of advertisement , Finalize job profile , Selecting candidates Multiple Choice Multiple Answer Question This Question refers to the case of Hansa Tractomotive Ltd. : After completion of manufacturing, Jay Jee took following actions :- Correct Answer Dispatched the consignment by Express Roadlines by truck , Raised the Hundi for the invoiced amount , Did not send the consignment by Hansas designated carrier Your Answer Dispatched the consignment by Express Roadlines by truck , Raised the Hundi for the invoiced amount , Did not send the consignment by Hansas designated carrier LIST OF ATTEMPTED QUESTIONS AND ANSWERS AMIT CHUG True/False Question The question refer to the case on Kalpak Engineers : Set up time for the machines is not more than an hour in the case. Correct Answer True Your Answer True True/False Question This question refers to case on Weldtech India Pvt Ltd (WIPL) : Project duration can always be reduced by deploying additional recourses. Correct Answer False Your Answer True True/False Question This question refers to case on Uma Tools Pvt Ltd (UTPL) : As extra capacity can be generated by starting an additional shift, hence fixed overheads are sizable. Correct Answer False Your Answer True Multiple Choice Single Answer Question This question refers to case on Morbay Engineering Works (MEW) : The success of an incentive plan to a large extent depends on the following factor:- Correct Answer Quality of performance standard Your Answer Production Planning and Control system Select The Blank Question This question refers to case on Weldtech India Pvt Ltd (WIPL) : In order to save time in construction the management purchased a ________. Correct Answer Factory-building Your Answer Godown Multiple Choice Multiple Answer Question This Question refers to the case of National Engineering Co. Correct Answer Despatched the consignment by Express Roadlines by truck , Raised the Hundi for the invoiced amount , Did not send the consignment by Hansas designated carrier Your Answer Despatched the consignment by Express Roadlines by truck , Raised the Hundi for the invoiced amount , Did not send the consignment by Hansas designated carrier True/False Question This Question refers to the case Suyog Udyog : The operation time for C sunk 14 dia holes on both sides is 0. 50 per piece. Correct Answer True Your Answer True Select The Blank Question This question refers to case on Weldtech India Pvt Ltd (WIPL) : Duration of project can be reduced if duration of an activity on ________ path is reduced. Correct Answer Critical Your Answer Non critical Select The Blank Question This Question refers to the case of Artwood Products : Entire shop floor was ________ due to piles of work in progress. Correct Answer Congested Your Answer Overflowing Multiple Choice Single Answer Question This Question refers to the case Indus Foundries Ltd. : The company is faced with following problems :- Correct Answer Choice of Location Your Answer Choice of Location True/False Question This question refers to case on Morbay Engineering Works (MEW) : Work sampling and production studies can be used to test viability of the performance standards. Correct Answer True Your Answer True Multiple Choice Single Answer Question This Question refers to the case of Classic Engineering Components Ltd. : This company was acquired by Das Group of Industries. Mr. Mohit Sen,(head of Business planning function in the corporate office) was visiting the factory as its :- Correct Answer Turn over was stagnating Your Answer Turn over was stagnating Multiple Choice Multiple Answer Question This Question refers to the case of Northern Machinery Limited : The writer of anonymous letter :- Correct Answer Is a share holder of the company , Has the interest of the shareholders of the company , Wants the Company to put a stop before it is too late Your Answer Is a share holder of the company , Has the interest of the shareholders of the company , Wants the Company to put a stop before it is too late Multiple Choice Multiple Answer Question This Question refers to the case of Hansa Tractomotive Ltd. : After completion of manufacturing, Jay Jee took following actions :- Correct Answer Dispatched the consignment by Express Roadlines by truck , Raised the Hundi for the invoiced amount , Did not send the consignment by Hansas designated carrier Your Answer Dispatched the consignment by Express Roadlines by truck , Raised the Hundi for the invoiced amount , Did not send the consignment by Hansas designated carrier Multiple Choice Multiple Answer Question This Question refers to the case of Narmada Electricals Ltd. : Other material considered to be scrap/obsolete is :- Correct Answer Packing material , Maintenance spares , Parts/components Your Answer Packing material , Maintenance spares , Parts/components True/False Question This Question refers to the case of Divgi Metalwares Private Limited : The order has been finalized from a leading engineering firm. Correct Answer False Your Answer True True/False Question This Question refers to the case Indus Foundries Ltd. : Skilled manpower at worker level is not available in plenty at Kolhapur. Correct Answer False Your Answer True Multiple Choice Multiple Answer Question The question refer to the case on Kalpak Engineers : For manufacturing Stay Bolt following machines are planned:- Correct Answer Copying Lathe , Radial Drilling Machine , Thread Rolling machine Your Answer Turret Lathe , Copying Lathe , Radial Drilling Machine True/False Question This Question refers to the case of National Engineering Co. Correct Answer False Your Answer True Select The Blank Question This Question refers to the case of Kerson Automobiles : Battery charger placed on one end of table creates ________. Correct Answer Nuisance Your Answer Nuisance Select The Blank Question This Question refers to the case Quality Gauges Pvt. Ltd. : The agreement mentioned that Incentive amount will be paid along with ________. Correct Answer Wages Your Answer Ex gratia Multiple Choice Single Answer Question This Question refers to the case of Divgi Metalwares Private Limited : The table given in the case study gives details of activities and expected time for the same. It requires construction of :- Correct Answer Network diagram of the activities Your Answer Network diagram of the activities Select The Blank Question This Question refers to the case of Hansa Tractomotive Ltd. : Enroute to Delhi, the truck collided with an incoming ________. Correct Answer Tractor Trailer Your Answer Contract Bus Multiple Choice Single Answer Question This Question refers to the case of Classic Engineering Components Ltd. : Customers complaints were on the rise, mainly due to :- Correct Answer Delay in deliveries Your Answer Delay in deliveries Multiple Choice Multiple Answer Question This Question refers to the case of Kerson Automobiles : As per consultants, problems are due to following reasons :- Correct Answer Material flow (Cars) is not smooth , A major chunk of productive time is lost in obtaining replacement of spares from stores. , Too often, helpers are found busy in transferring parts from work table to a hand trolley. Your Answer Material flow (Cars) is not smooth , A major chunk of productive time is lost in obtaining replacement of spares from stores. , Too often, helpers are found busy in transferring parts from work table to a hand trolley. Match The Following Question Correct Answer Your Answer Responsibility for Monthly report on any rejected/obsolete/non-moving items Production /Marketing department Store Manager This Question refers to the case of Narmada Electricals Ltd. : Decision whether material is obsolete or otherwise Store Manager With held for the time being Disposal of waste/obsolete material Once a year Three times a year Storage of scrap material in scrap yard Without identification or any records of quantities Production /Marketing department Multiple Choice Single Answer Question This Question refers to the case Indus Foundries Ltd. :Parveen Kumar proposed to set up a :- Correct Answer Cast Iron foundry Your Answer Cast Iron foundry Match The Following Question Correct Answer Your Answer Anonymous letter received by M. D. Need to justify Seen in top hotels with suppliers This question refers to the case of Northern Machinery Ltd. : Senior buyers Seen in top hotels with suppliers Need to be concise and to the point Reason for failure to convince the Board of Directors No material facts to support the arguments No material facts to support the arguments Lot of items on the agenda Need to be concise and to the point No confidence in Material manager and Senior buyers Select The Blank Question This question refers to case on Morbay Engineering Works (MEW) : Overtime must be ________ to guarantee the success of the wage incentive scheme. Correct Answer Eliminative Your Answer Controlled Multiple Choice Single Answer Question This Question refers to the case of Northern Machinery Limited : Vice President ( Commercials) called the Materials Manager Mr. Khan and informed him that an anonymous letter was received which mentioned :- Correct Answer Corruption in purchase department Your Answer Corruption in purchase department Multiple Choice Multiple Answer Question This question refers to case on Morbay Engineering Works (MEW) : Following are the some of the important features of incentive plans:- Correct Answer Method of calculating incentive , Period of payment , Determination of performance standard Your Answer Method of calculating incentive , Period of payment , Basis of wage payment Multiple Choice Single Answer Question This question refers to case on Weldtech India Pvt Ltd (WIPL) : Use of Network Techniques beside computing project duration also helps in the following :- Correct Answer Possibilities of reducing project duration Your Answer Computing manpower requirement Multiple Choice Single Answer Question This question refers to case on Morbay Engineering Works (MEW) : Incentive schemes can not be considered to be a substitute of the following:- Correct Answer Poor management Your Answer Low manufacturing cost Select The Blank Question This question refers to case on Uma Tools Pvt Ltd (UTPL) : In machining Exhaust Manifold, no cutting oil is required as the material is ________. Correct Answer Cast iron Your Answer Steel Multiple Choice Single Answer Question This question refers to case on Uma Tools Pvt Ltd (UTPL) : If annual requirement of finished part is 20,000 nos and machine rejection allowance is 5%. The cost of casting for the Exhaust Manifold is Rs. 10/unit. And value of scrap is 3000 Rs. The material cost if the Exhaust Manifold is manufactured in-house is (figures assumed):- Correct Answer Rs 207,000 Your Answer Rs 197,000 Multiple Choice Multiple Answer Question This Question refers to the case of K. T Gears : The firm is :- Correct Answer A proprietary firm , Engaged in manufacture of spur gears , Engaged in manufacture of helical gear Your Answer A proprietary firm , Engaged in manufacture of spur gears , Engaged in manufacture of helical gear Multiple Choice Multiple Answer Question This question refers to case on Uma Tools Pvt Ltd (UTPL) : If the Exhaust Manifold is manufactured in house, following costs wll increase:- Correct Answer Cost of power , Cost of labour , Cost of consumables like grease, lubricant Your Answer Cost of power , Cost of labour , Cost of consumables like grease, lubricant Multiple Choice Multiple Answer Question This Question refers to the case of Classic Engineering Components Ltd. : The company supplies components to :- Correct Answer Automobile industries , Printing machines , Machine tool process equipment industries Your Answer Automobile industries , Printing machines , Machine tool process equipment industries Multiple Choice Multiple Answer Question The question refer to the case on Kalpak Engineers : Following are the operations involved in manufacturing stay bolt in the case:- Correct Answer Copy turning , Thread Rolling , Drilling Your Answer Threading , Copy turning , Thread Rolling Multiple Choice Single Answer Question This Question refers to the case of Hansa Tractomotive Ltd. : The company contracted with Kay Jee Hydraulics Ltd. Bombay for supply of :- Correct Answer Filtering Transfer machines Your Answer Filtering Transfer machines Multiple Choice Single Answer Question This Question refers to the case of The Irate Vendor : The suppliers bid was not accepted because :- Correct Answer It was not the lowest Your Answer It was not the lowest Multiple Choice Multiple Answer Question This question refers to Automotive Gears Private Limited : For Hob splines Operations, it uses :- Correct Answer Cleaveland Hobbing machine , Newark Hobbing machine , Thread Milling machine Your Answer Cleaveland Hobbing machine , Newark Hobbing machine , Thread Milling machine Multiple Choice Single Answer Question The question refer to the case on Kalpak Engineers :Kalpak Engineers have contracted from a boiler company manufacturing of 500 nos of stay bolt. In the manufacturing process grinding operation is carried out on following machine :- Correct Answer Cylindrical grinder Your Answer Cylindrical grinder Select The Blank Question This Question refers to the case of Universal Fasteners Ltd. : In the tempering process of studs, the ________ was reduced to 25-28 HRC. Correct Answer Hardness Your Answer Thickness True/False Question This question refers to the case of Northern Machinery Ltd : As per summary of purchases of the last year, Material cost as a proportion of sales is 26%. Correct Answer False Your Answer True Multiple Choice Single Answer Question The question refer to the case on Kalpak Engineers : In the case for all machining operations following data on time is furnished:- Correct Answer Setup time and standard time separately Your Answer Setup time and standard time separately Multiple Choice Single Answer Question The question refer to the case on Kalpak Engineers : Process sheet does not provide following data:- Correct Answer Shift Your Answer Shift LIST OF ATTEMPTED QUESTIONS AND ANSWERS MAYANK GOYAL Multiple Choice Single Answer Question The question refer to the case on Kalpak Engineers : This case is concerned with following element of production planning:- Correct Answer Routing Your Answer Routing Multiple Choice Multiple Answer Question This Question refers to the case of The Geer Company : Problems got created due to :- Correct Answer Added work load in purchasing , Divided buying responsibilities , Number of inexperienced buyers Your Answer Added work load in purchasing , Divided buying responsibilities , Number of inexperienced buyers Multiple Choice Single Answer Question This question refers to case on Uma Tools Pvt Ltd (UTPL) : Power consumption cost is considered as :- Correct Answer Variable overhead cost Your Answer Fixed Cost True/False Question This Question refers to the case Quality Gauges Pvt. Ltd. : The executives were entitled for incentive bonus. Correct Answer True Your Answer True True/False Question This Question refers to the case of K. T Gears : The activities performed by the operator are listed on the practitioners data sheet. Correct Answer True Your Answer True Multiple Choice Multiple Answer Question This question refers to case on Weldtech India Pvt Ltd (WIPL) : project planning/scheduling techniques are called by following names:- Correct Answer CPM , PERT , Network Analysis Your Answer CPM , PERT , Network Analysis Multiple Choice Single Answer Question This Question refers to the case of Northern Machinery Limited : Materials Manager informed V. P. that the letter must have been written by supplier affected by :- Correct Answer New buying policies Your Answer New buying policies Multiple Choice Multiple Answer Question This Question refers to the case of Classic Engineering Components Ltd. : The company supplies components to :- Correct Answer Automobile industries , Printing machines , Machine tool ; process equipment industries Your Answer Automobile industries , Printing machines , Machine tool ; process equipment industries True/False Question This Question refers to the case of The Irate Vendor : The President knows that some changes in purchasing policy are bei ng planned. Correct Answer True Your Answer True Select The Blank Question This Question refers to the case of Artwood Products : Entire shop floor was ________ due to piles of work in progress. Correct Answer Congested Your Answer Congested True/False Question This question refers to case on Uma Tools Pvt Ltd (UTPL) : The cost of foundry reject is borne by the company. Correct Answer True Your Answer True True/False Question This Question refers to the case of Narmada Electricals Ltd. :The rates of scrap were reviewed from time to time. Correct Answer False Your Answer False Match The Following Question Correct Answer Your Answer Shop floor mangers pressurized to give Overtime Lot of effort This Question refers to the case Quality Gauges Pvt. Ltd. : Qualifying amount shall be raised with Increase in sales price Increase in sales price Incentive will be paid on Basic salary of each employee Overtime Basis of payment on Total output in terms of value of production Basic salary of each employee Select The Blank Question This Question refers to the case of Artwood Products : The ________ furniture is sold through distributors. Correct Answer Standard Your Answer Made to order Select The Blank Question This question refers to case on Uma Tools Pvt Ltd (UTPL) : Jigs and fixtures once provided will be able to maintain accuracy up to about ________ pieces. Correct Answer 20000 Your Answer 5000 Select The Blank Question This question refers to case on Morbay Engineering Works (MEW) : Success of wage incentive plans to a large extent depends on the ________ of performance standards. Correct Answer Quality Your Answer Quality Select The Blank Question This Question refers to the case of Kerson Automobiles : Battery charger placed on one end of table creates ________. Correct Answer Nuisance Your Answer Nuisance Multiple Choice Multiple Answer Question This Question refers to the case of Divgi Metalwares Private Limited : The new items contracted by the company are handled by the development department for :- Correct Answer Submission of samples , Manufacture of one or two production lots , Transfer to manufacturing department for regular production, after successful development Your Answer Submission of samples , Manufacture of one or two production lots , Transfer to manufacturing department for regular production, after successful development Select The Blank Question This Question refers to the case Indus Foundries Ltd. :Industrial relations climate at all the proposed locations is ________ for production. Correct Answer Conductive Your Answer Favourable Multiple Choice Multiple Answer Question The question refer to the case on Kalpak Engineers : Following are the operations involved in manufacturing stay bolt in the case:- Correct Answer Copy turning , Thread Rolling , Drilling Your Answer Copy turning , Thread Rolling , Drilling True/False Question This question refers to case on Morbay Engineering Works (MEW) : Under Scanlon Plan employee is paid incentive bonus based on individual efforts and additional output. Correct Answer True Your Answer True Multiple Choice Multiple Answer Question This Question refers to the case Indus Foundries Ltd. :The location of plant has been narrowed down to following locations :- Correct Answer Kolhapur , Ahmedabad , Coimbatore Your Answer Kolhapur , Ahmedabad , Coimbatore Multiple Choice Single Answer Question This Question refers to the case of The Gujrat Engineering company Limited : The company also executes :- Correct Answer Rush orders Your Answer Rush orders Select The Blank Question This question refers to case on Morbay Engineering Works (MEW) : Incentive scheme is a tool to create ________ capacity, increase productivity and reduce manufacturing costs. Correct Answer More Your Answer Additional Multiple Choice Multiple Answer Question This question refers to case on Uma Tools Pvt Ltd (UTPL) : If the Exhaust Manifold is to be manufactured in house, following are the requirements:- Correct Answer Additional manpower , New jigs and fixtures , Additional shift Your Answer New jigs and fixtures , Additional shift , Additional manpower Multiple Choice Single Answer Question This Question refers to the case of Eagle Machine Company : The company is facing following problem :- Correct Answer Sales are declining Your Answer Sales are declining Multiple Choice Multiple Answer Question This Question refers to the case of Divgi Metalwares Private Limited : As per the Activity description given in the table, Preparation of operational layout activity affects following activities :- Correct Answer Design and draft hobbing fixture , Procure plug gauge , Procure ring gauge Your Answer Design and draft hobbing fixture , Procure plug gauge , Procure ring gauge Match The Following Question Correct Answer Your Answer Inspection Dimensional accuracy Copy turning machine The question refer to the case on Kalpak Engineers : First operation Saw off Saw off Consecutive operations Copy turning machine Grinding Last machining operation Thread rolling Sampling Multiple Choice Multiple Answer Question This Question refers to the case Indus Foundries Ltd. :Following items are readily available at all the three locations :- Correct Answer Raw materials , Scrap , Foundry chemicals Your Answer Raw materials , Scrap , Foundry chemicals Multiple Choice Multiple Answer Question This Question refers to Uday Electroplating Shop : It is a small Proprietary concern and :- Correct Answer Has only three employees , Only one has knowledge and skill of electroplating , Workmen work for max 61/2 hours Your Answer Has only three employees , Only one has knowledge and skill of electroplating , Workmen work for max 61/2 hours True/False Question This question refers to case on Weldtech India Pvt Ltd (WIPL) : Project duration can always be reduced by deploying additional recourses. Correct Answer False Your Answer True Multiple Choice Single Answer Question This question refers to case on Weldtech India Pvt Ltd (WIPL) : Weldtech India Private Ltd proposes to manufacture following products:- Correct Answer General purpose welding electrodes Your Answer General purpose welding electrodes Multiple Choice Single Answer Question This Question refers to the case of Universal Fasteners Ltd. : Heat Treatment process for the studs involves two operations viz :- Correct Answer Hardening Tempering Your Answer Hardening Tempering Multiple Choice Single Answer Question This Question refers to the case Indus Foundries Ltd. :In the proposed plant, heating of charge is to be done by :- Correct Answer Induction furnace Your Answer Induction furnace Select The Blank Question This Question refers to the case of Narmada Electricals Ltd. : The disposal of material was done on ________ basis. Correct Answer Weight Your Answer Piece rate Multiple Choice Single Answer Question This Question refers to the case of Autogears Private Limited : The management is interested in the following :- Correct Answer Improved method of working Your Answer Improved method of working Multiple Choice Multiple Answer Question This Question refers to the case of Universal Fasteners Ltd. : Mr Banerjee, Manager Quality informed Mr. Kaul that :- Correct Answer Raw Material received was without test certificate and was not inspected by the inspector , Laid down procedure for processes of heat treatment, painting etc. are not followed due to heavy labour turnover and frequent work allocation , Management has been requested to get the crack detection machine repaired. Your Answer Raw Material received was without test certificate and was not inspected by the inspector , Laid down procedure for processes of heat treatment, painting etc. are not followed due to heavy labour turnover and frequent work allocation , Management has been requested to get the crack detection machine repaired. Multiple Choice Single Answer Question This Question refers to the case of Kerson Automobiles : Cars are manually pushed over the wooden stand placed in the major repairs section because of :- Correct Answer Absence of the underground pit Your Answer Absence of the underground pit Multiple Choice Multiple Answer Question The question refer to the case on Kalpak Engineers : For manufacturing Stay Bolt following machines are planned:- Correct Answer Copying Lathe , Radial Drilling Machine , Thread Rolling machine Your Answer Copying Lathe , Radial Drilling Machine , Thread Rolling machine True/False Question This Question refers to the case of Narmada Electricals Ltd. Mr. Jain proposed that for accounting of material, and to carry out other task, two additional clerks shall be recruited Correct Answer True Your Answer True Multiple Choice Multiple Answer Question This question refers to case on Uma Tools Pvt Ltd (UTPL) : For calculating fixed labour cost following data is required:- Correct Answer Set up time for operation , Labour hour rate , No of production runs per year Your Answer Set up time for operation , Labour hour rate , No of production runs per year Multiple Choice Multiple Answer Question This Question refers to the case of Hansa Tractomotive Ltd. : The contract with Kay Jee Hydraulics Ltd was agreed with following terms conditions :- Correct Answer Price per unit FOR Bombay , Delivery 10-12 weeks after receipt of buyers confirmed order , Payment 60 days after dispatch of material Your Answer Price per unit FOR Bombay , Delivery 10-12 weeks after receipt of buyers confirmed order , Payment 60 days after dispatch of material Multiple Choice Single Answer Question This question refers to case on Weldtech India Pvt Ltd (WIPL)