Define the following terms:
[3 marks]Operation management ii) Production planning iii) Routing
[ marks]State the various agencies with their role which can assist the new entrepreneur.
[4 marks]Define the term ‘Working Capital’ and explain the factors affecting working capital needs of a business.
[7 marks]What is the need for maintenance of machines or equipment in the industry?
[3 marks]Differentiate between direct and indirect cost.
[4 marks]Explain the concept of ‘ABC analysis’ along with its applications.
[7 marks]Write short notes on:
[7 marks]Production Planning and Control ii) Economic order quantity
[ marks]Define Master Production Schedule. How it can be verified before finalization?
[3 marks]Discuss the different types of production systems.
[4 marks]Write a note on JIT? How it help in reducing the unit cost of the product?
[7 marks]State the objectives of Operation Management.
[3 marks]Highlight on VED Analysis.
[4 marks]What is productivity? Explain the different types of productivity and state the ways for improving the productivity.
[7 marks]What are the objectives and need of replacement?
[3 marks]What do you understand by the term ‘Current assets’
[4 marks]What is planned maintenance? Briefly explain the any two types of planned maintenance.
[7 marks]Define the term depreciation and state the causes for depreciation.
[3 marks]Write a short note on ‘Straight Line Method of calculating depreciation’
[4 marks]Explain the terms ‘Contribution margin’ and ‘Current liabilities’
[7 marks]Why business required working capital?
[3 marks]Briefly discuss the status of Food Processing Industry in India.
[4 marks]What is ‘Break Even Analysis’? Explain the components of Break Even Analysis.
[7 marks]Write the benefits of ‘Break Even Analysis’.
[3 marks]Write a short note on ‘soft skills for entrepreneurs’
[4 marks]Write short notes on:
[7 marks]Essential qualities of entrepreneur ii) Challenges and constraints for food processing industry in India
[ marks]