KAZIAN ANSWER SHEETS. MBA.EMBA.DMS.ARAVIND 9901366442

1. Comment on the relevance of this article in today's times. Cite an example to support your
comments.
2. Write in not more than 500 words your ability to create wealth in the community/company you
work in. Wealth may not necessarily be in terms of money. It may refer to your ability to contribute
to the wealth of your organization. Write in the context of above article.
Shipping Management
1} Towards the last quarter of 2007 the crude oil prices rose to unprecedented levels approaching
$100 per barrel. Discuss the impact that a sustained rise in crude oil prices is likely to have on
shipping and the global economy in both the long and short term.
2.} Discuss the advantages and disadvantages of in-house or independent ship operation and
management for your fleet.
3.} Discuss the following with regard to marine insurance contracts:
a) Role and Function of P & I Clubs b) Role of a marine insurance broker c) Assignment
of a marine insurance policy d) Implied warranty of legality
4.} Letters of credit are the ‘lifeblood’ of international trade and the different types of letters of credit
are of benefit to both the buyer and seller. Explain why you would agree or disagree with the above
statement and why the documentary credit system is more popular outside the EU Single Market.
5.} Describe how the container terminal interface should be geared in a multimodal transportation
system. How can good road/rail connections improve the efficiency of terminals? Use examples to
elaborate your answer.
6.} Explain the importance and benefits of proper inventory management systems for a company and
the options available to manage the costs together with their limitations and risks.
7.} Describe the role of logistics in the context of ‘globalised world’. Answers should cover all modes of
transportation.
8.} Cost management is key to business success and shipping is no exception. Identify the cost
elements that ship owners are able to control and how their cost base may be reduced. Graphs
recommended.
Total Quality Management
1. "TQM is a total system approach and is an integral part of corporate strategy. It works horizontally
across functions and departments involving all employees from top to bottom." Explain and
elucidate the ramifications of the statement.
2. Examine the role and responsibility of top management of an organization in achieving centered
focus on strategic planning.
3. The American quality crisis of being prolonged by what Darning called "the seven deadly diseases"
associated with traditional management practices. What are these seven deadly diseases? Explain.
4. Describe the type of documentation required for implementing ISO 9000 in an organization and
seeking registration.
5. What are the general requirements in a quality award process? Examine one of the quality awards
critically and identify the factors contributing towards performance excellence in an organization.