Unit – 1

1. a) Explain briefly economic utility towards various peoples. 6

b) Briefly describe characteristics of wants. 6
2. a) Elaborate natures of economics. 6
b) Explain operational law of demand with its assumptions and exceptions. 6
3. Explain measurement of elasticity of demand with neat sketch and examples 12
4. a) Explain value of economic products in terms of wealth. 7
b) Define wants. 3
5. Describe types of wants. 12
6. How economics and internet are related 12

7. Elaborate scope and importance of economics. 12

8. Elaborate how scarcity and efficiency are termed as “Twin themes of 12
economics”.
9. If group of people are left stranded on an island, explain how economics will 12
be useful for survival.
10. a) Explain what an economy should answer ? 6
b) Explain any four types of elasticity’s of demand. 6

Unit – 2

1. Explain the objectives of Pricing and its methods 12

2. a) Differentiate between job costing and process costing. 6
b) What is cost accounting? Explain its objectives 6

3. What is profit and loss account? Explain the motive behind the profit and 12
loss account preparation.
4. What is a balance sheet? Discuss three types of items which appear under 12
Assets side of a balance sheet
5. a) Stock turnover ratio is 2.5 times. Average stock is Rs.20,000. Calculate 6
cost of goods sold and also sales if profit earned is 25% of cost.

b) 10,000 units of raw materials are introduced into a process at a cost of 6

Rs. 17,000; wages and overheads for the process are Rs. 5,100 and Rs.
3,400 respectively. 7,500 units were completed, of the remaining 2,500
units on an average 40% work has been done.
Ascertain the cost of one compete unit.
6. What is balance sheet? Draw a pro-forma balance sheet with imaginary 12
figures
7. Explain the concept of cost. What are the various elements of costs? 12
8. Discuss the methods of distribution of overhead costs. 12
9. What is meant by classification of costs? Briefly discuss with examples. 12
10. a) Write short note on fixed and variable 6
costs
b) Explain the elements of costs in brief 6
 Unit – 3
1. a) Explain Break Even Analysis with Break even chart and assumptions. 8
(b) From the following particulars:
Selling price per unit = Rs. 20/- ;Variable cost per unit = Rs. 16/- ; Fixed
expenses = Rs. 60,000/-. Calculate: Contribution per unit, Break-even in units, 4
Selling Price if break even is 10,000 units.
2. a) List any six assumptions in BEA. 8
b) Determine BEP, when Fixed cost is Rs. 10,000/-, selling price per unit is 4
Rs.5/- and variable cost per unit is Rs.3/-.
3. Elaborate significance of BEA 12
4. Discuss any three depreciation methods. 12
5. Explain merits and limitations of BEA. 12

6. Explain causes of depreciation. 12

7. From the following data, determine P/V ratio, BEP sales with help of P.V 12
ratio, Sales required to earn a profit on Rs. 4,50,000, if fixed cost is Rs.
90,000/-, Direct material is Rs.5/-, Direct labour is Rs. 2/-, Direct overheads
is Rs. 100% of direct labour, Selling price per unit is Rs.12/-.
8. Elaborate any two applications of BEA. 12
9. a) A machine is bought for Rs. 60,000. Its scrap value at the end of 10 years is 8
estimated as Rs. 12,000. Calculate:
i.) Fixed percent depreciation
ii.) Depreciation in first 2 years and last year
4
b) A machine is purchased for Rs. 80,000/-. Its life is expected to be 10 years
and scrap value of Rs. 20,000/-. Calculate depreciation rate.
10. a) List impact of change in selling price on BEA. 6
b) List advantages and disadvantages of straight line depreciation method. 6

Unit – 4
1. What is Partnership type of Organisation? Discuss the advantages and disadvantages 12
of partnership type of organization.
2. a) Differentiate between Single trader, partnership company. 12
b) “Delegation of authority is not loss of power, its is enhancement of power” Examine.
3. Discuss about the functions of the management. 12

4. a) What is partnership? Explain partnership act. 6

b) Discuss about the different types of partners in partnership type of 6
organisation.
5. Describe the merits and demerits of sole trader form of business, 12
6. a) Discuss the relative merits and demerits of centralization and decentralization?
6
b) Explain line, staff authority and decentralization 6
7. Define the term “Span of management”. What do you understand by “flat” and “tall” 12
organization?
8. Define organization and elaborate different types of organizations 12
9. a) What are the types and sources of authority? 6
b) Distinguish between authority and responsibility 6
10. a) Discuss the merits and demerits of public limited company 6
b) Differentiate between delegation of authority and power 6
Unit – 5

1. Describe importance of management 12

2. Explain the roles of a manager in an enterprise 12
3. Describe the characteristics of management. 12
4. Elaborate Management as Profession. 12
5. Explain the management as a process. What are the various elements 12
of the process?
6. What are the characteristics of a successful leader? Explain how the 12
functions of a leader are different from a manager

7. What are the different problems and difficulties that are generally faced 12
by managers in decision making?
8. Do you think management is an art? Is it a science? Explain your
answer with examples. 12
9. What are the contributions of Prof. Abraham Herald Maslow toward
the management thought? 12
10. What do you understand by leadership style? Describe the 12
different styles of leadership