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Management and Engineering Economics Question Paper - Jun 18 - Mechanical Engineering (Semester 5) - Visvesvaraya Technological University (VTU)
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Management and Engineering Economics - Jun 18
Mechanical Engineering (Semester 5)
Total marks: 80
Total time: 3 Hours
INSTRUCTIONS
(1) Question 1 is compulsory.
(2) Attempt any three from the remaining questions.
(3) Draw neat diagrams wherever necessary.
1.a.
Define Management and explain the various functional area of Management .
(8 marks)
00
1.b.
List and brief the principles of scientific management.
(8 marks)
00
OR
2.a.
Define Planning and list the importance of planning.
(8 marks)
00
2.b.
Explain the various steps in a decision of personnel for the organization.
(8 marks)
00
3.a.
Define Organization.What are the principles of Organization?
(8 marks)
00
3.b.
Explain briefly the selection process of personnel for the organization.
(8 marks)
00
OR
4.a.
Define Motivational and explain the various leadership styles.
(8 marks)
00
4.b.
Explain the Maslow's hierarchy of needs theory.
(8 marks)
00
5.a.
List the difference between Micro and Macro Economics.
(8 marks)
00
5.b.
Explain briefly the following :
(8 marks)
00
i) Law of Demand ii) Law of support iii) Equilibrium point iv) Income Elas
OR
6.a.
Define the Law of Return and explain the three phases of Law of return.
(8 marks)
00
6.b.
Explain how cash flow diagram is helpful to the decision maker and draw C.F.I borrowers and lenders point of view.
(8 marks)
00
7.a.
A person takes a loan of Rs 1200/- from a bank at an interest of 18% p.a. Find the amount if the interest is compounded : i) Annually ii) Half yearly iii) Quarterly iv) Monthly.
(8 marks)
00
7.b.
Find the compound amount of Rs 5000/- at 6% for 4,8 and 12 years and compare the result does doubling the time doubles the amount of interest earned.
(8 marks)
00
OR
8.a.
Define Rate of Return and explain minimum Acceptable rate of Return
(6 marks)
00
8.b.
Two types of power converter Alpha and Beta are under considerations for a particular application. An economic comparsion is to be made at an interest rate of 10 % . Following cost estimation has been obtained. Determine the Annual equivalent costs of two systems. Select the best converter.
(10 marks)
00
| Cost particulars | Alpha | Beta |
|---|---|---|
| Purchase price | Rs 10,000/- | Rs 25,000/- |
| Estimated service life | 8 years | 9 years |
| salvage value | Rs 3000/- | Rs 5000/- |
| Annual operating cost | Rs 2500/- | Rs 1200 |
9.a.
Briefly explain " Components of Costs" and explain with diagram indirect cost estimation with depreciation.
(8 marks)
00
9.b.
Explain how the selling price is fixed for a product and show all the components of costs.
(8 marks)
00
OR
10.a.
Define Depreciation and explain the various causes of depreciation.
(8 marks)
00
10.b.
Determine the material cost for fig. Q10(b), density of the material is 7.009 gram/cc and material cost is Rs 20/kg.
(8 marks)
00
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