NMIMS SEM 1 DEC 2022 SOLVED ASSIGNMENTS 9967480770

 

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INTERNAL ASSIGNMENT APPLICABLE FOR DECEMBER 2022 EXAMINATION

 

Business Economics

1. Demand forecasting in an organisations plays a vital role in business organisations. It provides reasonable data for the organization's capital investment and expansion decision. Keeping the above statement in consideration. Discuss the various steps involved in demand forecasting (10 Marks)

2. From the given hypnotical table Calculate Total Cost, Average Fixed Cost, Average Variable cost and Marginal Cost. (10 Marks)

Quantity Total

Fixed

Cost

Total

Variable

Cost

Total

Cost

Average

Fixed

Cost

Average

Variable

Cost

Average

Total

Cost

Marginal

Cost

0 100 0

1 100 20

2 100 30

3 100 40

4 100 50

5 100 60

3. a. Suppose the monthly income of an individual increases from Rs 20,000 to Rs 25,000 which increases his demand for clothes from 40 units to 60 units. Calculate the income elasticity of demand. (5 Marks)

3. b. Assume that a business firm sells a product at the price of Rs 500. The firm has decided to reduce the price of the product to Rs 400. Consequently, the demand for the product is raised from 20,000 units to 25,000 units. Calculate the price elasticity of demand. (5 Marks)

 

Financial Accounting & Analysis

1. Prepare the journal by recording the following transactions (10 Marks)

3-Dec Mrs. Veena started business by introducing cash Rs5000 and Rs 500000 as transfer from her saving bank account in the business

5-Dec She Purchased furniture worth Rs 60000, 50% payment made through the bank account of the business and the rest amount is payable

7-Dec She purchased goods for sale, costing her Rs 315000 and made the payment through the business bank account

8-Dec She sold off the entire goods at Rs 500000

10-Dec She paid rent, electricity, salary to employees Rs10000 of each type of expense through the bank account

2. Preparing the profit and loss account is a lengthy but at the same time interesting task. You need a lot of information to prepare the profit and loss statement. Discuss any five essential components out of the total eight components which contributes in preparing the profit and loss statement. (10 Marks)

3. Following are the particulars available for Z and X, LLP

Particulars (Rs in ‘000)

retained earnings 860

accounts receivable 250

supplies 150

salaries payable 150

equipment 1500

unearned revenue 200

accounts payable 540

cash 550

prepaid insurance 300

common stock 1000

a. Prepare T Form Balance Sheet out of the details as shared in the table (5 Marks)

b. Define and calculate the current ratio, Discuss the significance of this ratio. (5 Marks)

 

Information Systems for Managers

1. Farokh Motorwala is the CTO at D'Costa Spirits in Hyderabad, which has just celebrated its 30th Anniversary. The CEO has just announced an ambitious growth program for the firm. Farokh is therefore keen to is keen to revamp the firm's IT Infrastructure and align it to the Corporate Strategy. In this context. What are the questions re: IT Infra for Farokh – The Business Needs & The Tech Issues? (10 Marks)

2. Bharat Petroleum Corporation Limited (BPCL) is an Indian government-owned oil and gas explorer and producer. BPCL's CEO is K. Padmakar. In this role, what is the Focus of the CEO’s role (i.e. Objectives, Kinds of Decisions, information needed, Timeframes etc.)? What are the Primary IS & Supporting IS Used (Description Data Types, Kind of Data, Type of Processing, which provides data to these IS)? (10 Marks)

3. Jennifer Roberts has just been hired as the CIO at Hawthorne Investments. During her interview, Vijay Ananth, the CEO, had tasked Jennifer with the responsibility of revamping the firm’s IT Infrastructure. Now that Jennifer has come onboard, she is keen to get started on the Infra Revamp initiative and has targeted BYOD as her first initiative.

a. What is BYOD? Explain the three (3) levels of BYOD? (5 Marks)

b. What are the Pros & Cons (2 each) of BYOD? (5 Marks)

 

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Management Theory and Practice

1. You are hired as a trainer by Sachin Ethanol, a newly setup organization dealing in manufacturing Ethanol from Sugarcane residue. The CEO wants you to train the newly recruited management trainees about the Principles of Management. Explain the principles of Management to these newly recruited employees by taking the help of Henri Fayol’s 14 Principles of Management? (10 Marks)

2. The newly set up management team is divided in their deliberation on a certain topic and require your help. The core area of this discussion is whether Management is an Art or a Science. As the chairman of the forum, can you throw some light on whether Management is an art or a science or both and Why? (10 Marks)

3. Lemon Tree, a famous hotel chain in India is losing its market share to its peers. The major reasons contributing to the same is that there is a lot of conflict in the organization due to which correct and timely decisions are not being taken. The company has hired you as a consultant to understand and solve this issue

a. Explain the different types of Conflicts that can arise in an organization? (5 Marks)

b. Explain what strategies can be used by Lemon Tree to resolve these conflicts? (5 Marks)

 

Marketing Management

1. A company provides consultancy to all its clients on the Pricing of their products. M/s Herbal Life sells various types of FMCG products in the urban market. They sell toothpaste, multi-vitamin ayurvedic tablets, chia seeds, tulsi tea, herbal soap, shampoo, etc. The company has asked you to present various types of Product Mix pricing and price adjustment strategies so that it can help them in taking pricing decisions for their range of products. (10 Marks)

2. Elaborate on various types of promotion mix that you will use for the Herbal Life products (as explained in the first question). The main idea behind the promotion is that it should become a household product like Patanjali or Dabur. (10 Marks)

3. a. Mr. Raj is planning to purchase a new phone with the latest features. Explain various steps involved for Raj in the decision process. (5 Marks)

3. b. Global Stock is an online app for the purchase of international stocks from the international market. Explain and elaborate any five ways through which you will promote the app online. (5 Marks)

 

Organisational Behaviour

1. Amar works for an IT company as a project coordinator. His boss, Ajay is very adamant and wants the work to be done according to his way without even considering anyone’s perspective. If Amar commits any minor mistake also he is reprimanded in front of the entire team. Ajay wants Amar to stay late beyond office hours, even when his work is complete. Consider the given situation and explain the pitfalls in leadership shown by Ajay. (10 Marks)

2. Sameer works as a team leader in a multinational company. Whenever his team member performs well, goes out of his way to serve the client he awards them. The award can be a gift voucher or an appreciation mail. Sameer also encourages good behaviour by removing or handling well the situation which may lead to undesirable behaviour. Because of this practice it was the best performing team in the office. Analyse the situation and explain the elements of reinforcement used by Sameer. (10 Marks)

3. Case:

Renita Parker was a trainer for a Tasty Tummy multinational company, in FMCG business. She worked brilliantly with the executives on their writing and helped them to feel more confident about it. Renita worked with top executives as well as the shop floor level. She realized that teaching the shop floor employees was her call and she wanted to work more with them. Renita was paid quite high as majorly she was dealing with the top executives. Renita met Mark, her supervisor and explained to him that she wanted to be associated in teaching and training the shop floor employees because many of them could not write anything other their names. She also agreed to work on reduced salary and started offering English classes as an added benefit to them. Although the classes took some man hours of the employees but their productivity increased and even some of them began to apply for supervisory positions

a. What content theories would explain why Renita was unhappy despite her high income? (5 Marks)

b. Renita seems to have drifted into being a teacher. Given her needs and motivations, do you think teaching is an appropriate profession for her? (5 Marks)

 

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NMIMS SEM 2 SEP 2022 ASSIGNMENTS- 9967480770

 

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INTERNAL ASSIGNMENT APPLICABLE FOR SEPTEMBER 2022 EXAMINATION

 

Business Communication

1. You are the team leader at TCS. You have been given the job of enhancing the Presentation skills of your team members. Suggest them ways in which they can appear more confident. Also suggest steps for giving effective online presentations. (10 Marks)

2. A software company buys a lot of 10 laptops from ACER. But they find that the model does not solve their programming needs. You receive a letter from the company to refund the payment for a lot of 10 Laptops they had bought 8 days ago. As the Sales in charge of ACER, you decide to refuse the refund. What points will you keep in mind when drafting the refusal letter? Which type of buffer can you use to convey the news. (10 Marks)

3. You are completing your MBA in March 2022. While scanning through LinkedIn, you find a job opportunity:

Job Description:

This is a remote position.

Responsibilities: Managing the Credit Appraisal teams and coordinating regarding day to day activities and task work.

Experience: 1–2 years relevant experience

Location: Navi Mumbai, India (Remote for the foreseeable future)

Requirement- Good interpersonal and analytical skills.

MBAs with Finance and Accounting are preferred.

a. What are the 3 types of a resume? Explain each type briefly. (5 Marks)

b. Draft a suitable application letter responding to the job description shared above.

 

Business Law

1. Arun is protesting the enforcement of a contract executed for sale of his flat. He claims that this is a voidable contract. Please explain under which instances can Arun protest the agreement as voidable agreement. (10 Marks)

2. Please give two (2) real life instances where individuals or entities are prosecuted for violation of the Information Technology Act, 2000. (10 Marks)

3. Namesh wants to obtain the details of regulatory approvals and other formulation details of a cosmetic product manufactured by a FMCG company in India. These approvals and details were filed with the Indian government by the FMCG company, at the time of launch of the cosmetic product. The details provided to Indian government gave the FMCG company a competitive position in the market. Please advise Namesh on the requisition of the information from the government:

a. Under which law can Namesh obtain the details and information of the regulatory approval and of formulation of the said cosmetic product? (5 Marks)

b. Can Namesh’s request be declined? If yes, please give reasons? (5 Marks)

 

Essentials of HRM

1. Explain how managers can improve the effectiveness of external recruitment? (10 Marks)

2. Describe some of the actions that a firm might take to implement a human resource plan when it has a strategy of growth, stability, and reduction respectively (10 Marks)

3. Jayram’s Dilemma

Jayram, GM (Sales) is finding it difficult to decide whom to choose for the position of sales executive in the Agro Business Division (ABD) of the steel company out of the following three candidates. Jayram recently interviewed Varsha who happens to be a close relative of Jayram. She has worked 4 years in the Cosmetics Sales Division of a retail outlet. Only concern from Jayram’s side is that Varsha is extremely ambitious and she can come out a too sophisticated and arrogant for the dealers of ABD. Ritika is working in the AB division as a non-managerial staff since last 7 years. She is now 26 years old. She entered into the company when she was just 19 years through a policy of extending employment to employees’ wards. She pursued her study along with her job and completed both her graduation and MBA. Last year she got double increment as an acknowledgement towards her good work for the division. Jayram’s concern about Ritika is that she might be too shy for the job which requires aggressive selling attitude. Jayram recently met with Abhishek in the marriage party of his colleague. Jayram’s concern about Abhishek is that he does not have any work experience currently.

a. Jayram can hire only one person for ABD. Whom should he hire and why? (5 Marks)

b. How will he manage the issue of internal candidate Ritika, will she be promoted and if not promoted how Jayram should communicate it to her? (5 Marks)

 

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Operations Management

1. What are various decision criteria for deciding a location for a business setup? Explain these decision criteria with reference to a location decision for setting up a textile manufacturing plant. (10 Marks)

2. Define and explain the term ‘Operations Management’. Explain the role of an Operations Managers in their interface with other functions in an organisation. Give relevant examples from a Retail Store Operation. (10 Marks)

3. Many business organizations have operations in which inventory management is a daily and constant process. Managing a production setup (say an automobile manufacturing or service shop) is one such business, wherein the procurement and managing various inventory is a very strategic process. Explain the following concepts (with atleast one example) in the Operations of the business, and conclude how relevant is it in the business?

a. Economic Ordered Quantity (EOQ) (5 Marks)

b. Define Quality and list and discuss in brief the various dimensions of quality in operations (5 Marks)

 

Strategic Management

1. A business enterprise takes major critical decisions like expansion, curtail down production lines or continue the operations, diversify the activities or look into the current industry only, mergers, acquisition or strategic alliances. Orientation towards growth is among one of the influential factor deciding the long term performance of a corporation. Discuss with reference to corporation’s directional strategy, the three other grand strategies which needs to be designed and implemented for the overall success of corporation’s directional strategy. Conclude, by reflecting on the importance of directional strategy (10 Marks)

2. A business model is an outline of how a company plans to make money with its product and customer base in a specific market. At its core, a business model explains four things:

- What product or service a company will sell?

- How it intends to market that product or service.

- What kind of expenses it will face?

- How it expects to turn a profit.

Business models are constantly changing — there is no one-size-fits-all model that can be applied to every business. (source: https://bit.ly/3remL7l) Discuss the term business model and mention with the key features of possible business models that are observed in companies like IBM, HP,Amazon.com, KIA Motors, Walt Disney, LinkedIn. (Student can specify any four possible business models,) (10 Marks)

3. Businesses has social responsibilities they should try to help ameliorate societal ills—by providing employment to the long-term unemployed, for instance, or fighting discrimination or avoiding pollution—in addition to generating profits for their shareholders. Maximization of profits is like maximizing food, contended by Byron. However, Friedman’s propounded all together differently about the responsibilities of strategic decision makers. “Businessmen who talk this way are unwitting puppets of the intellectual forces that have been undermining the basis of a free society these past decades”. (Source-https://bit.ly/3Hha0OU) In the light of the above two statements, discuss according to you what are the responsibilities of business strategic decision maker

a. Responsibilities of business according to Carroll. (5 Marks)

b. Friedman’s traditional view. (5 Marks)

Conclude highlighting of the two above mentioned, which one is prevalent now in the current scenario

 

Decision Science

1. 1. Avantika Mattoo working as an analyst in reputed pharmaceutical company wants to invest her money in stocks. Her friends having expertise in stock market investments, suggested her to invest money into ‘Reliance’ and ‘Maruti’ shares. Avantika’s economist friend Niharika Dhar said there could be four different scenarios pertaining to the return on Avantika’s investments. The figures of return on investment as per four different scenarios presented in the table below.

Payoff

(profit

within one

month on

one unit of

share in

INR) Scenario 1 Scenario 2 Scenario 3 Scenario 4

Reliance

Industry ltd. 55 43 29 15

Maruti 26 38 43 51

1) Set up the opportunity loss table.

2) Draw the decision tree (Note: You may use any software for making tree diagram, but snapshot of handwritten tree will be unacceptable)

3) According to Niharika’s latest research, she has assigned the following probabilities to the four scenarios (states of nature), determine the EMV decision; P(s1) = 0.4 P(s2) = 0.1 P(s3) = 0.3 P(s4) = 0.2.

(Note: Do mention the decision based on the analysis clearly in few sentences.) (10 Marks)

2. From the following data, check the correlation of ‘Migrants person’ (Migration form Urban areas of J & K to another urban areas of J &K) with the below given variables. Write your conclusion with respect to the correlation coefficient and Scatter Diagram.

Draw the scatter plot (you may use EXCEL, SPSS, Python, R etc.)

Perform the correlation for the following pairs of variables

Migrant person numbers V/s ‘Number of Factory/Workshop/Work shed etc.’

Migrant person number V/s ‘Number of commercial establishments’

Migrant person number V/s ‘Number of towns’

Migrant person number V/s ‘Population per sq. km.’

(Note: no need to calculate correlation coefficient manually, use EXCEL formula, or any

other software)

(Note regarding the data access: You can copy the data from this pdf document and paste it

into your EXCEL workbook; you may have to work on alignment if it is distorted in Excel.)

Data for the analysis

Districts Migrant

person

numbers

Number of

Factory/

Workshop/

Workshed

etc.

Number of

commercial

establishments

Number of

towns

Population

per sq. km.

Kupwara 2667 188 6571 10 2212

Badgam 5370 273 5552 9 1996

Leh(Ladakh) 2621 176 3898 3 1902

Kargil 650 61 1711 1 7635

Punch 2038 67 3605 3 1604

Rajouri 4011 236 4656 4 2390

Kathua 11306 504 6952 6 2079

Baramula 19382 663 12171 7 2871

Bandipore 4866 156 3258 3 1317

Srinagar 94844 3575 47986 5 4141

Ganderbal 3041 231 2418 3 1852

Pulwama 7939 257 4885 5 2087

Shupiyan 1700 30 1673 1 3007

Anantnag 13545 919 14079 12 2880

Kulgam 2621 243 3902 7 1619

Doda 2297 76 3016 2 1655

Ramban 1171 41 1768 3 783

Kishtwar 569 45 1765 1 23595

Udhampur 10873 549 6795 6 2475

Reasi 2085 28 3677 5 692

Jammu 139422 2410 46539 20 3034

Samba 5349 685 5162 6 1383

Source: Census of India. (10 Marks)

3. a. The number of customers who enter a ‘German’ supermarket-Gandhinagar each hour is ‘normally’ distributed with a mean of 600 and a standard deviation of 200. The supermarket is open 16 hours per day. What is the probability that the total number of customers who enter the supermarket in one day is greater than 10,000? (Note: Show the stepwise calculation and write the interpretation based on the final answer) (5 Marks)

3. b. Shree Ganga Taploo University bookstore claims that 50% of its customers are satisfied with the service and prices. If this claim is true, what is the probability that in a random sample of 600 customers less than 45% are satisfied with services and price?

(Note: Show the stepwise calculation and write the interpretation based on the final answer) (5 Marks)

 

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