UGC NET Management Previous Year Solved Papers - December 2019
11. Human Resource Management (HRM) helps build successful cross border alliances by ensuring that:
- Option : D
- Explanation : Strategic IHRM can support the process of building successful cross-border alliances in a number of ways, by working to ensure that (International Joint Ventures) IJVs are staffed by high-quality managers, for example, or by helping to ensure that cultural diversity is m an aged effectively in m erg ers and acquisitions (Schuler, Jackson, and Luo). ‘There is no shortage of evidence that attention to people and to cultural issues is one of the most critical elements in achieving the cross-border acquisition strategy’ (Puck et al.). Yet in practice the involvement of HRM in such alliances is often limited, particularly in the early planning stages. HRM issues tend to be operated in a non-strategic fashion restricted to the implementation stage (Puck et al.)—reacting to the issues and problems generated by the merger and the acquisition process, such as how to retain key staff and handling any associated redundancies.
12. Match the following constructs with underlying theories on dividend decisions:
| List-I Dividend Constructs | List-II Theories on Dividend |
| (a) Bird-in-the hand argument | (i) M.M. theory |
| (b) Irrelevance of dividends | (ii) Walter model |
| (c) Interdependence of investment and dividend decisions | (iii) Lintner model |
| (d) Tax considerations in dividend decisions | (iv) Gordon model |
13. Match List-I with List-II:
| List-I (Strategy) | List-II (Example) |
| (a) Merger | (i) HUL – TOMCO |
| (b) Acquisition | (ii) Kelvinator – Whirpool |
| (c) Takeover | iii) DaimlerChrysler – AG |
| (d) Hostile bid | (iv) L & T Technology–Mind Tree |
- Option : B
- Explanation : Definition of incipient sickness as per RBI guidelines (2008):
An account may be treated to have reached the stage of incipient sickness/potential sickness if any of the following events are triggered.
(a) There is delay in commencement of commercial production by more than six months for reasons beyond the control of promoters and entailing cost overrun.
(b) The company incurs losses for two years or cash loss for one year, beyond the accepted timeframe on account of change in economic and fiscal policies affecting the working of MSEs or otherwise.
(c) The capacity utilization is less than 50% of the projected level in terms of quantity or the sales are less than 50% of the projected level in terms of value during a year.
