Dear students get fully
solved assignments
Send your semester &
Specialization name to our mail id :
help.mbaassignments@gmail.com
or
Call us at : 08263069601
AEREN FOUNDATION’S Maharashtra Govt. Reg. No.: F-11724
Name : LIMA
KHURAMI
Marks : 80
Course : Specialisation
Subject : Personnel Finance Management
Case Studies
CASE STUDY (20 Marks)
Today, many people are writing fewer checks than in the
past. Increases in the use of online payments, debit cards, another electronic
banking services are resulting in different types of transactions appearing on
your bank statement. However, monitoring the correct balance in your account is
still a necessary activity. Anita recently realized that she has written checks
for more than the amount in her account. She expected her next pay check to be
deposited earlier. To avoid various charges for “bouncing” a check, the service
representative at Anita’s bank recommended that she ta advantage of overdraft
protection.
Answer the
following question.
Q1. Define
the term bounce cheque?
Answer: A bounced check is a check that was used for
payment, but it could not be processed because the check writer did not have
Q2. What fees
and deductions may be commonly overlooked when balancing your checking amount?
Answer: What Is a Checking
Account?
A checking account is a type
of deposit account that you can open at a brick-and-mortar bank, online bank or credit union. Checking accounts allow you to deposit
money that you can then draw against to pay bills or make purchases. They
Q3. What are
potential benefits of an ‘overdraft protection’ service for your checking
amount?
Answer: Overdraft protection typically allows
transactions exceeding the balance in your checking account to be approved and
can save you steep overdraft fees.
Many banks and credit unions provide the option to enroll
in overdraft protection, also known as overdraft coverage/service. When you opt
into this service, the additional money you need to cover a transaction will be
transferred from a
Q4. What
costs should Anita consider before deciding to use the ‘overdraft protection’
service?
Answer: Overdraft fees are charged when you don’t have enough cash
in your account to cover a payment you’ve made, and as part of an overdraft
protection service, the bank covers the difference for you.
An overdraft
happens when you don’t have enough money in your checking or savings account to cover a withdrawal or payment and the financial institution
then pays for the transaction anyway, which yields a negative balance in
Dear students get fully
solved assignments
Send your semester &
Specialization name to our mail id :
help.mbaassignments@gmail.com
or
Call us at : 08263069601
CASE STUDY (20 Marks)
Open and two way communication ensures survival of the
organization. It is means to make members work togeth Formal communication can
be downward and upward. Despite its significance communication can suffer from
distortio both intended as well as unconscious. Some of the reasons for
distortions are tendency to evaluate pre-existi attitudes, sterotypes, values
and perceptions. Feedback can help improve the quality of communication. Feedba
however should be prompt both positive and negative, focus an action and
behavior instead of individual.
Answer the
following question.
Q1.
Distinguish between one way versus two way communication.
Answer: 1.
Objective: One way communication Transmitting of information to the
sender. Two way communication Sharing of information between two or more
parties in a constructive exchange.
2. Nature: One way communication is when
information is shared to others without a response. Two way communications
involves information being shared back and forth.
3. Feedback: One way communication There is no
receiver response. So feedback is no needed. Two way communication There is a
receiver response in this communication. So, feedback is essential.
Q2. Define
the term formal and informal organizational communication?
Answer:
|
BASIS FOR COMPARISON |
FORMAL COMMUNICATION |
INFORMAL COMMUNICATION |
|
Meaning |
A type of verbal
communication in which the interchange of information is done through the
pre-defined channels is known as formal communication. |
A type of verbal
communication in which the interchange of information does not follow any
channels i.e. the communication stretches in all directions. |
Q3. Explain
the most common channels available for downward communication in an
organization?
Answer: Communication
that flows from a higher level in an organization to a lower level is a
downward communication. In other words, communication from superiors to
subordinates in a chain of command is a downward communication. This
communication flow is used by the managers to transmit work-related information
Q4. What do
you mean by communication filters?
Answer: Five types of filters:
1.
Distractions.
2.
Emotional
states.
3.
Beliefs and
expectations.
4.
Differences
in style.
5.
Self-protection.
Distractions:
·
When you say
something to your partner do you have his/her attention?
·
External
things like noisy kids, a hearing problem, or background noise can be a
problem.
·
Internal
factors are such things as preoccupation, feeling tired, planning what else is
to be done that day,
Dear students get fully
solved assignments
Send your semester &
Specialization name to our mail id :
help.mbaassignments@gmail.com
or
Call us at : 08263069601
CASE STUDY (20 Marks)
An auto accident can take place at any time. Just when
you least expect it, a minor ‘fender bender’ can disrupt your da routine. In
addition, without proper insurance coverage, an accident can put a strain on
your financial resources. In o daily activities, personal injuries can happen
while most people have some type of medical insurance coverage, injuri can have
other financial implication. Many burglaries of personal property occur each
day. Most people do not belie that this type of loss will happen to them.
Renters often overlook insurance coverage for their household belongings.
Answer the
following question.
Q1. What
types of financial losses are commonly covered by automobile liability
insurance?
Answer: Auto insurance is a
contract between the policyholder and the insurance company. The policyholder
agrees to pay the premium and the insurance company agrees to pay losses as
defined in the policy.
Auto insurance provides property, liability and medical coverage:
·
Property coverage pays for
damage to, or theft of, the car.
·
Liability coverage pays for
the policyholder’s legal responsibility to others for bodily injury or property
damage.
Q2. What
mistakes can occur when buying this coverage?
Answer: Mistake 1) Avoiding Basic Research:
Shopping
for an insurance policy is similar to shopping for any other online product or
service. Some kind of basic research is a must when you are looking to buy
stuff online. Will you think of purchasing a mobile handset from an unknown
website or turn to a trusted e-commerce website for the purchase? The trust
factor is crucial, right?
When it comes to buying or renewing car
insurance from an online insurer, you can verify if the insurer is a certified
entity.
Q3. What are
potential benefits of disability insurance?
Answer: Disability
insurance, as the name implies, is a sort of insurance that pays out if a
policyholder is unable to work and earn an income due to a disability. In case
of an accident or disease, such a policy can protect you financially if you
become disabled as a result of it. It can replace a portion of the income if
the insured individual is unable to work due to their condition. The disability
insurance plan will also cover any medical bills you may incur as a result of
the therapy, depending on the policy terms.
Q4. What are
some reasons renters overlook property insurance?
Answer: Renters insurance
generally provides three kinds of protection. The first is damage to your
personal property due to theft, fire, certain kinds of water damage, and other
covered perils. Most policies also include “off-premises” coverage, which means
your possessions are protected for covered events outside your home such as
theft from your car.
There are a number
of common
Dear students get fully solved
assignments
Send your semester &
Specialization name to our mail id :
help.mbaassignments@gmail.com
or
Call us at : 08263069601
CASE STUDY (20 Marks)
A young woman is
tempted to buy clothing that she really likes but knows she cannot afford.
However, when she mak the decision to use her credit card, she suddenly goes on
a shopping spree. She joints most customers who have limited understanding of
consumer credit and the pros and cons of using it. Credit is not free money. In
addition repaying the amount she charged, she must pay an additional expense in
interest until the full balance is repaid. Why used responsibly, credit is
valuable financial tool. When used excessively, credit can destroy financial
plan.
Answer the
following question.
Q1. Define
Credit Card?
Answer: A credit card is a
thin rectangular piece of plastic or metal issued by financial institutions,
which lets you borrow funds from a pre-approved limit to pay for your
purchases. The limit is decided by the institution issuing the card
Q2. What are
the pros and cons of using Credit Cards?
Answer: Building credit, earning cash back
and benefiting from fraud protection are just a few of the many advantages of
using credit cards.
Tack on the
convenience of not having to carry cash and the ability to easily track
spending, and you may ask yourself why someone would ever choose to put
purchases on anything but plastic.
Using a credit
card can definitely make life easier, but it also puts a large responsibility
on the spender. If misused, credit cards can leave
Q3. What suggestions might you offer the
young woman regarding the use of Credit Card?
Answer: The financial
decisions taken by women today are more independent than ever before. This
trend means making decisions that involve credit, whether it is taking a loan
or managing your credit card.
Used responsibly,
a credit card can be a very helpful financial tool. Making consistent, on-time
payments can boost your credit rating, and some cards offer rewards for
purchases or even a 0% interest rate for a short period of time on
Q4. How does the use of Credit affect your
financial plan?
Answer: Credit is part of your financial power. It helps
you to get the things you need now, like a loan for a car or a credit card,
based on your promise to pay later. Working to improve your credit helps ensure
you'll qualify for loans when you need them.
Many aspects of life are affected by credit ratings. They may:
·
Determine whether a lender
approves a new loan.
·
Influence your interest rates
and
Dear students get fully
solved assignments
Send your semester &
Specialization name to our mail id :
help.mbaassignments@gmail.com
or
Call us at : 08263069601
No comments:
Post a Comment
Note: only a member of this blog may post a comment.