Examination Paper of Project Management
IIBM Institute of Business Management 1
IIBM Institute of Business Management
Examination Paper MM. 100
Strategic Cost Management
Section A: Objective Type (30 Marks)
• This section consists of Multiple Choice questions & short questions.
• Answer all the questions.
• Part one questions carry 1 mark each & Part Two questions carry 5 marks each.
Part One:
Multiple Choices:
1. A set of policies, procedures and approaches that helps a firm attain and retain success for long is termed as-
a) Benchmarking
b) Life cycle costing
c) Target costing
d) Strategy
2. A cost management tool that bring in its focus the activities performed to produced a product is called-
a) Target costing
b) Life cycle costing
c) ABC
d) Benchmarking
3. Cost incurred to the past that are not relevant to present decisions are-
a) Fixed cost
b) Sunk cost
c) Opportunity cost
d) Indirect costs
………………..10. Which stage of product life cycle is characterized by little competition and slowly increasing sales?
a) Introduction
b) Growth
c) Maturity
d) Decline
Part Two:
1. List the characteristics of Balance score card.
2. What are the methods of Alternative costing?
3. Differentiate between fixed cost and variable cost.
4. Discuss the dissimilarities between job order costing & process costing systems.
END OF SECTION A
Examination Paper of Project Management
IIBM Institute of Business Management 3
Section B: Caselets (40 Marks)
• This section consists of Caselets.
• Answer all the questions.
• Each caselet carries 20 marks.
• Detailed information should form the part of your answer (Word limit 150 to 200 word)
Caselet 1
Vikram Ahuja was hired as assistant cost controller of chemfert Ltd., a multinational firm that processed chemical for use in fertilizers. Soon Vikram learned that the nearby residential landfill was being used to dump toxic wastes. It appeared that some members of management team were aware of this situation and may have been involved in arranging for this dumping. uncertain, how he should approach, Vikram is contemplating several alternatives courses of action , like seeking the advice of the superior, the controller or anonymously releasing the information in the national daily or discussing with an outside member of the BOD’s
Questions:
1. Discuss why Vikram has an ethical responsibility to take some action against the MNC.
2. Which of the alternative courses would be the most appropriate in the given situation?
Caselet 2
A brilliant university is located in Mumbai. The university has four deportments- Business, humanities, fine arts and engineering. The university is headed by a president who has five presidents reporting to him, each heading auxiliary services, admission and records, academics. Financial services and maintenance. In addition, there are managers who report to these vice-presidents. These include managers for central purchasing, the university press and bookstore; all of whom report to the vice president of auxiliary services, and managers for accounting and finance report to vice president for financial services. Further, a dean who is responsible to the academic vice-president heads each department.
Questions:
1. Prepare an organizational structure of brilliant University.
2. List the name of the departments having under the university.
END OF SECTION B
Examination Paper of Project Management
IIBM Institute of Business Management 4
Section C: Long Questions (30 Marks)
• This section consists of Long Questions.
• Answer all the questions.
• Each question carry 15 marks each.
• Detailed information should from the part of your Answer (Word limit 200 to 250 words)
1. What is “Cost management”? Explain the primary objectives of cost management?
2. Define “Target costing”; discuss the principles of target costing.
END OF SECTION C
IIBM Institute of Business Management 1
IIBM Institute of Business Management
Examination Paper MM. 100
Strategic Cost Management
Section A: Objective Type (30 Marks)
• This section consists of Multiple Choice questions & short questions.
• Answer all the questions.
• Part one questions carry 1 mark each & Part Two questions carry 5 marks each.
Part One:
Multiple Choices:
1. A set of policies, procedures and approaches that helps a firm attain and retain success for long is termed as-
a) Benchmarking
b) Life cycle costing
c) Target costing
d) Strategy
2. A cost management tool that bring in its focus the activities performed to produced a product is called-
a) Target costing
b) Life cycle costing
c) ABC
d) Benchmarking
3. Cost incurred to the past that are not relevant to present decisions are-
a) Fixed cost
b) Sunk cost
c) Opportunity cost
d) Indirect costs
………………..10. Which stage of product life cycle is characterized by little competition and slowly increasing sales?
a) Introduction
b) Growth
c) Maturity
d) Decline
Part Two:
1. List the characteristics of Balance score card.
2. What are the methods of Alternative costing?
3. Differentiate between fixed cost and variable cost.
4. Discuss the dissimilarities between job order costing & process costing systems.
END OF SECTION A
Examination Paper of Project Management
IIBM Institute of Business Management 3
Section B: Caselets (40 Marks)
• This section consists of Caselets.
• Answer all the questions.
• Each caselet carries 20 marks.
• Detailed information should form the part of your answer (Word limit 150 to 200 word)
Caselet 1
Vikram Ahuja was hired as assistant cost controller of chemfert Ltd., a multinational firm that processed chemical for use in fertilizers. Soon Vikram learned that the nearby residential landfill was being used to dump toxic wastes. It appeared that some members of management team were aware of this situation and may have been involved in arranging for this dumping. uncertain, how he should approach, Vikram is contemplating several alternatives courses of action , like seeking the advice of the superior, the controller or anonymously releasing the information in the national daily or discussing with an outside member of the BOD’s
Questions:
1. Discuss why Vikram has an ethical responsibility to take some action against the MNC.
2. Which of the alternative courses would be the most appropriate in the given situation?
Caselet 2
A brilliant university is located in Mumbai. The university has four deportments- Business, humanities, fine arts and engineering. The university is headed by a president who has five presidents reporting to him, each heading auxiliary services, admission and records, academics. Financial services and maintenance. In addition, there are managers who report to these vice-presidents. These include managers for central purchasing, the university press and bookstore; all of whom report to the vice president of auxiliary services, and managers for accounting and finance report to vice president for financial services. Further, a dean who is responsible to the academic vice-president heads each department.
Questions:
1. Prepare an organizational structure of brilliant University.
2. List the name of the departments having under the university.
END OF SECTION B
Examination Paper of Project Management
IIBM Institute of Business Management 4
Section C: Long Questions (30 Marks)
• This section consists of Long Questions.
• Answer all the questions.
• Each question carry 15 marks each.
• Detailed information should from the part of your Answer (Word limit 200 to 250 words)
1. What is “Cost management”? Explain the primary objectives of cost management?
2. Define “Target costing”; discuss the principles of target costing.
END OF SECTION C
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