CA - IPCC COURSE MATERIAL Quality Education beyond your imagination... I.T & S.M GUESS QUESTIONS APPLICABLE FOR MAY 2016 EXAMS Cell: 98851 25025 / 26 Visit us @ www.mastermindsindia.com Mail: mastermindsinfo@ymail.com Facebook Page: Masterminds For CA Youtube Channel: Masterminds For CA 1
98851 25025 / 26 No.1 for CA/CMA & MEC/CEC INFORMATION TECHNOLOGY DESCRIPTIVE QUESTIONS CHAPTER 1: TELECOMMUNICATIONS & NETWORKS 1) What is Transmission Media? Discuss its Various Types 2) Define Threat. What are various threats to a computer network security 3) Discuss OSI Model in detail. 4) Discuss about various Network topologies in detail. 5) Write about M-commerce. 6) What are the benefits of E-commerce application implementation. 7) Discuss various switching techniques in telecommunication networks. 8) Explain various Network Security Techniques? 9) Discuss internet work processors. 10) List down some of the business uses of internet. 11) Risks involved in E-commerce. 12) Write about client server model. CHAPTER 2 : INFORMATION SYSTEMS & IT FUNDAMENTALS 13) Write about System Software in detail. (Or) What is an OS? Explain functions or activities performed by OS? 14) List out the Advantages and Disadvantages of a DBMS. 15) What is Business Process Automation? Explain the concept. 16) Define the term application Software? Explain types and mention advantages and Disadvantages. 22) Explain the components of Information System (or) Information Processing Cycle. 23) Short Note on EIS 24) Explain ERP 25) What are transaction processing qualifiers 26) Components of DSS 27) Explain knowledge management system. 17) What is Information system lifecycle? Explain Different Phases of SDLC. 18) What is Server? Briefly explain any four types of servers based on the nature of service they provide. 19) Mobile computing or concerns of mobile computing. 20) Cache memory. dd What are benefits of automating an organization? CHAPTER - 3 : BUSINESS INFORMATION SYSTEM 28) Explain various elements of expert system (OR) Write about expert system. 29) Define the term artificial intelligence? Write some applications AI? 30) What is accounting information system? Briefly describe the key components of AIS? CHAPTER - 4 : BUSINESS PROCESS AUTOMATION THROUGH APPLICATION SOFTWARE 31) What are the Objectives of Business Process Automation (BPA)? 32) Explain how to go about BPA? 33) Cloud Computing. 34) Service models of cloud computing. 35) Characteristic features of cloud computing 36) Why BPA. 37) Application controls 38) Boundary controls 39) Grid computing 40) Deployment models of Cloud Computing. 41) What are major controls in BPA. IPCC Guess Questions May 2016 Information Technology 2
98851 25025 / 26 No.1 for CA/CMA & MEC/CEC CHAPTER - 5 : BUSINESS PROCESS MANAGEMENT & IT 42) Life Cycle of an Accounting Transaction (or) Book Keeping Life Cycle in Business Proces 43) Six Sigma Model. 44) BPR. 45) Advantages and Limitations of flowcharts. 46) Describe the Key factors to consider in implementing BPM 47) Processing cycles of Accounts BPM. 48) BPM life cycle. 49) Explain about ER-diagrams, types relationship types and advantages 50) Decision tables 51) Decision trees 52) ABC limited is a software development company, which appointed 50 software engineers in August, 2014 at a monthly salary of Rs.30,000. All these engineers shall be entitled for an increment in their monthly after salary six months. The increment on present monthly salary shall be based on their performance to be evaluated on a 100 marks scale as per details given below: Performance marks < 70, then increment shall be 10% of present salary. 70 < performance marks < 80, then increment shall be 20% of present salary. Performance marks > 80, then increment shall be 30% of present salary. Draw a Flow-chart to enable to print the details like name of the engineer, Performance marks, monthly increment amount and revised monthly salary for each of these 50 engineers. 1) Computer Network 2) Network Interface Card (NIC) 3) Intranet. 4) Software Bugs 5) Protocol 6) DSL (Digital Subscriber Line) DEFINITIONS CHAPTER 1: TELECOMMUNICATIONS & NETWORKS 7) EFT 8) VPN. 9) Cryptography 10) Firewall 11) Network connection 12) HTTPS CHAPTER 2 : INFORMATION SYSTEMS & IT FUNDAMENTALS 13) System software 14) Virtual Memory 15) Application Software 16) DBMS 17) Operating system 18) Database. 19) Bandwidth 20) Information System 21) SDLC 22) Software Engineering 23) Information technology 24) Wi-Fi technology 25) Android CHAPTER - 3 : BUSINESS INFORMATION SYSTEM 26) Information System 27) MIS 28) CORE Banking System 29) Electronic purse 30) XBRL 31) Smart Cards 32) DSS 33) OLAP 34) SCM 35) CRM 36) Office Automation System IPCC Guess Questions May 2016 Information Technology 3
98851 25025 / 26 No.1 for CA/CMA & MEC/CEC CHAPTER - 4 : BUSINESS PROCESS AUTOMATION THROUGH APPLICATION SOFTWARE 37) Network Virtualization 38) Retention Controls 39) Output Controls. 40) Input Controls 41) Cloud Computing 46) TQM 47) BPR 48) Flowchart 49) Entity 42) Disaster Recovery 43) Grid computing 44) Segregation of duties 45) Recovery control CHAPTER - 5 : BUSINESS PROCESS MANAGEMENT & IT 50) Data Flow Diagram 51) Process 52) BPM 53) Operational business process DIFFERENCES CHAPTER 1: TELECOMMUNICATIONS & NETWORKS 1) Parallel Data Transmission and Serial Data Transmission. 2) Consumer to Business (C2B) e-commerce and consumer to consumer (C2C) e-commerce. 3) Asynchronous and Synchronous Data Transmission. 4) Public data network and private network 5) Thick client and thin client 6) Hardware encryption and software encryption 7) Centralized and decentralized system CHAPTER 2 : INFORMATION SYSTEMS & IT FUNDAMENTALS 8) CISC vs. RISC 9) Virtual memory Vs. main memory CHAPTER - 3 : BUSINESS INFORMATION SYSTEM 10) Role Based Access Control (RBAC) Vs. Rules Based Access Control (RBAC). 11) Explicit knowledge vs. tacit knowledge 12) TPS Vs. MIS 13) Strategic Level And operational Level 14) Information and knowledge CHAPTER - 4 : BUSINESS PROCESS AUTOMATION THROUGH APPLICATION SOFTWARE 15) Manual information processing Vs. computerized information processing. CHAPTER - 5 : BUSINESS PROCESS MANAGEMENT & IT 16) Flowchart Vs. Data Flow diagram 17) Functional organization Vs. process organization NOTE: All the Questions are from MM Material 34 th edition THE END IPCC Guess Questions May 2016 Information Technology 4
STRATEGIC MANAGEMENT DESCRIPTIVE QUESTIONS CHAPTER 1 : BUSINESS ENVIRONMENT No.1 for CA/CMA & MEC/CEC 1) Explain the Interactions / Exchanges / Relationship between an Organisation and its Environment. (Or) Organisation and its Environment are interdependent. Comment. 2) What are the Basic Goals of Environmental Analysis? 3) What is a Multinational or Global Company? 4) Explain different Strategic Approaches for Globalization. CHAPTER 2: STRATEGIC MANAGEMENT PROCESS 5) What is Strategic Management? What are its Objectives? Also state the Process of Strategic Management? 6) Explain the Importance or Benefits of Strategic Management. Do you think that companies should manage strategically? Discuss. 7) What do you mean by Strategic Vision? What are its Elements? 8) What are the Guidelines in the Formulation of Mission Statement? CHAPTER 3: STRATEGIC ANALYSIS 9) Write short notes on Strategic Group Mapping (or) How should the Market position of rivals / competitors be analysed? 10) What are the Characteristics of a Strategic Group? 11) Write short notes on TOWS matrix. How can TOWS Matrix be used for analyzing strategic situation of a company? 12) What are the important concepts in the context of Portfolio Analysis? 13) Explain the BCG Growth- Share Matrix. 14) Explain the Growth Strategies under Ansoff s Product- Market Growth Matrix. CHAPTER 4: STRATEGY FORMULATION 15) Strategy of a company is partly Pro-active and partly Re-active. Explain 16) Explain the concept of Expansion through Diversification? 17) Explain the concepts of Vertical and Horizontal Integration Diversification 18) Bring out the features of Retrenchment Strategy 19) How will a firm implement Turnaround Strategy? 20) Write short notes on Liquidation Strategy 21) Discuss the concept of Marketing Mix (Extended/ expanded Marketing Mix) 22) What are the various methods for determining the Net Worth of a business? 23) What are the three major approaches for implementing R&D strategies? IPCC Guess Questions May 2016 Strategic Management 5
98851 25025 / 26 www.mastermindsindia.com CHAPTER 5: STRATEGY IMPLEMENTATION & CONTROL 24) Distinguish between Strategy Formulation and Strategy Implementation. 25) Outline the Inter-relationship between Strategy Formulation and Implementation. 26) Write short notes on Simple Organisational Structure. 27) Write Short notes on Hourglass Structure 28) How are business activities classified for VCA purposes? 29) Explain Kurt Lewin s Change Process 30) What is Strategic Control? Explain the different types of Strategic Control. CHAPTER 6: REACHING STRATEGIC EDGE 31) State the Problems in Traditional Business Processes (or) Outline the need for Business Process Reengineering (BPR) 32) Write down the steps in BPR 33) BPR is a means of solving business problems through an imaginative leveraging of InfoTech. Capabilities. Explain. (Or) Rationale of BPR 34) What is Benchmarking? 35) What are the Procedures / Methodologies for implementing Six Sigma? 36) Educational Institutions require Strategic Management. Explain d Socio Cultural environment d Demographic Environment d Ethnic Mix d Strategic Management e Strategic Decision Making e Strategic Vision e Mission dd Strategic Group Mapping dd Strategic Uncertainty Skimming dd Marketing Mix dd Social Marketing de Place Marketing DEFINITIONS CHAPTER 1 : BUSINESS ENVIRONMENT d Multinational ' CHAPTER 2: STRATEGIC MANAGEMENT PROCESS e Shared Vision dd Vision Shared CHAPTER 3: STRATEGIC ANALYSIS dd Strategic Group CHAPTER 4: STRATEGY FORMULATION de Logistics Strategy de Co- generic Merger IPCC Guess Questions May 2016 Strategic Management 6
de Corporate culture dd Competitive Advantage dd Value Chain Analysis No.1 for CA/CMA & MEC/CEC CHAPTER 5: STRATEGY IMPLEMENTATION & CONTROL dd Core Competence dd Strategic Leadership CHAPTER 6: REACHING STRATEGIC EDGE dd Business Process Re-engineering (BPR) dd Six Sigma TRUE OR FALSE STATEMENTS CHAPTER 1 : BUSINESS ENVIRONMENT d Diversity in environment makes it difficult to understand. d Profit may not be a universal objective but business efficiency is definitely an objective common to all businesses. d Environmental analysis leads to strategic thinking. d Strategic actions are always in reaction to the changes in environment. d Globalisation means different things to different people. CHAPTER 2: STRATEGIC MANAGEMENT PROCESS e Strategies provide an integral framework for management to negotiate its way through a complex and turbulent external environment. e Strategy is a substitute for sound, alert and responsible management. e A sound strategy does not leave any scope for miscalculations. e Strategic planning always flows from top to bottom. dd Strategic Management helps organisations to be more reactive in shaping their future. dd Functional level managers are responsible for the specific business functions. CHAPTER 3: STRATEGIC ANALYSIS dd SWOT analysis merely examines internal environment of an organization. dd One or two key success factors may outrank others. dd A Strategic Group consists of rival firms with different competitive approaches and positions in the market. CHAPTER 4: STRATEGY FORMULATION dd The balance scorecard approach requires more emphasis on financial objectives than on strategic objectives. de Augmented marketing is provision of additional customer services and benefits. de Restructuring is a slow process that brings consistent changes. de Diversification only involves entering in new businesses that are related to the existing business of an organization. de Market penetration ignores competition. IPCC Guess Questions May 2016 Strategic Management 7
98851 25025 / 26 www.mastermindsindia.com CHAPTER 5: STRATEGY IMPLEMENTATION & CONTROL dd In every organization, strategy follows structure. dd Strategy formulation heavily relies on intuition and hunch. dd Strategy Formulation is primarily an intellectual process. dd Successful formulation of a strategy guarantees successful implementation CHAPTER 6: REACHING STRATEGIC EDGE dd Information Technology has reduced dynamism in the business environment. dd Benchmarking is a remedy for all problems faced by organizations. de TQM involves discrete improvements in the organizational setup. de Reengineering means partial modification or marginal improvement in the existing work processes. de Total Quantity Management (TQM) focuses on preventing rather than detecting defects. d Multi- domestic Vs. Global Approach d Mission vs. Vision d Swot analysis vs. Tows matrix DIFFERENCES CHAPTER 1 : BUSINESS ENVIRONMENT CHAPTER 2: STRATEGIC MANAGEMENT PROCESS d K ' CHAPTER 3: STRATEGIC ANALYSIS CHAPTER 4: STRATEGY FORMULATION d Concentric Diversification vs. Conglomerate Diversification e Backward Integrated Diversification Vs. Forward Integrated Diversification e Vertically Integrated Diversification vs. Horizontally Integrated Diversification e Efficiency vs. Effectiveness CHAPTER 5: STRATEGY IMPLEMENTATION & CONTROL e Competitive Advantage vs. Core Competence dd Strategic Control vs. Operational Control CHAPTER 6: REACHING STRATEGIC EDGE dd BPR vs. Conventional Methods of improving organizational efficiency. dd TQM vs. Six Sigma NOTE: All the Questions are from MM Material 34 th edition THE END IPCC Guess Questions May 2016 Strategic Management 8