Internal Assignment Applicable for
December 2019 Examination
1. Explain the mechanism of a
Digital Signatures which is recognized under the Information Technology Act,
2000 and state at least two (2) of its applications
Answer: The Information Technology Act, 2000 became effective on
October 17, 2000. It is pertinent to the entire of India. It additionally
applies to any offense or negation submitted under the Act by any individual
outside India (with the exception of as generally gave under the Act). The
Information Technology (Amendment) Act, 2008 was enacted on February 5, 2009.
Are view of the amendments indicating that there are several provisions
relating to data protection and privacy, as well as provisions to curb terrorism
using electronic and digital medium that have been introduced into the new Act.
The Act was passed with the view to give a boost to the growth of
electronically based transactions, provide legal recognition for e-commerce and
e-transactions, facilitate e-governance, prevent computer based crimes and
ensure security practices and procedures in the context of widest possible use
of information technology worldwide.
According to Section 3 of the Act, the mode of verifying the
electronic records is through digital signature. Certain provisions which
should be taken into account for digital signatures are as follows:
a) Any subscriber can authenticate an electronic record by
affixing the digital signature.
b) The authentication of this electronic record shall be
affected by the use of asymmetric crypto system and hash function which envelop
and transform the initial electronic record into another electronic record. In
order to explain the above statement we need to be clear about the terms used
above.
c) Hash function is an algorithm mapping that translates a
sequence of bits into smaller sequence of bits
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2. Explain in details two (2)
real-life instances of Anti-Competitive Agreements which have been prohibited
by the Competition Commission of India.
Answer: The Competition Act
of 2002 was passed for the following objectives:
●
Prevention of practices that result in adverse effects on healthy
competition
●
Promotion and sustaining of healthy competition
●
Protection of consumer interests
●
Protection of freedom of trade by all participants in the market
place
Duties of commission
Section 18 provides that it shall be the duty of the
Commission to:
●
Eliminate practices having adverse effect on competition
●
Promote and sustain competition
●
Protect the interests of consumers and
●
Ensure freedom
3. Abhay and Seema have entered into
a commercial agreement to license content. However, Abhay did not deliver the
content to the satisfaction of Seema. Hence, there are disputes arisen between
Abhay and Seema. Abhay and Seema do not want to go through a protracted
litigation process in Indian courts. Can you advise them on:
a. What should be done to conduct an
arbitration between Abhay and Seema to resolve their disputes
b. The difference between
Arbitration, Conciliation and Mediation? What is the advantages and
disadvantages of each of these.
Answer: a) Conflict involves the struggle of a person with another
person, or a thing or a situation. It is a problem or disagreement, a situation
that needs resolution. Every employee faces an issue of conflict at work.
Conflicts can be resolved if dealt the right way. Conflict resolution is the
process of finding a solution to a conflict. Resolving conflicts effectively
creates more understanding among those involved in conflict, increases team
work, as members develop stronger bonds., It also increases mutual respect, and
improves self-knowledge as conflict is a testing time, when the members can
examine themselves.
There are many methods of dispute resolution which are
simple and provide quick solution than typical litigation process and
arbitration is one of them. In this method, a third party called the arbitrator
is involved and is typically a private judge. The conflicting parties agree in
advance the choice of arbitrator and certify that they will abide by the
arbitrator's decision. The
arbitrator reviews the case presented by both sides of the
disputing teams. The arbitrator then imposes a decision that is legally binding
for both sides. Arbitration offers a faster resolution than through a
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Course: Business Statistics
Internal Assignment Applicable for
December 2019 Examination
|
Fixed acidity
|
Volatile acidity
|
Citric acid
|
Residual sugar
|
Chlorides
|
|
7.4
|
0.7
|
0
|
1.9
|
0.076
|
|
7.8
|
0.88
|
0
|
2.6
|
0.098
|
|
7.8
|
0.76
|
0.04
|
2.3
|
0.092
|
|
11.2
|
0.28
|
0.56
|
1.9
|
0.075
|
|
7.4
|
0.7
|
0
|
1.9
|
0.076
|
|
7.4
|
0.66
|
0
|
1.8
|
0.075
|
|
7.9
|
0.6
|
0.06
|
1.6
|
0.069
|
|
7.3
|
0.65
|
0
|
1.2
|
0.065
|
|
7.8
|
0.58
|
0.02
|
2
|
0.073
|
|
7.5
|
0.5
|
0.36
|
6.1
|
0.071
|
|
6.7
|
0.58
|
0.08
|
1.8
|
0.097
|
|
7.5
|
0.5
|
0.36
|
6.1
|
0.071
|
|
5.6
|
0.615
|
0
|
1.6
|
0.089
|
|
7.8
|
0.61
|
0.29
|
1.6
|
0.114
|
|
8.9
|
0.62
|
0.18
|
3.8
|
0.176
|
|
8.9
|
0.62
|
0.19
|
3.9
|
0.17
|
|
8.5
|
0.28
|
0.56
|
1.8
|
0.092
|
|
8.1
|
0.56
|
0.28
|
1.7
|
0.368
|
|
7.4
|
0.59
|
0.08
|
4.4
|
0.086
|
|
7.9
|
0.32
|
0.51
|
1.8
|
0.341
|
|
8.9
|
0.22
|
0.48
|
1.8
|
0.077
|
|
7.6
|
0.39
|
0.31
|
2.3
|
0.082
|
|
7.9
|
0.43
|
0.21
|
1.6
|
0.106
|
|
8.5
|
0.49
|
0.11
|
2.3
|
0.084
|
|
6.9
|
0.4
|
0.14
|
2.4
|
0.085
|
|
6.3
|
0.39
|
0.16
|
1.4
|
0.08
|
1. For the data on 26 red wines
given above, conduct the following analysis:
i. Provide five-number summary i.e.
the minimum, 1st quartile, median, 3rd quartile and maximum value for fixed
acidity. Arrange them in increasing order on a straight line, draw a box plot
and interpret what it means.
ii. Calculate the correlation
coefficient between fixed acidity and volatile acidity and between residual
sugar and chlorides. Comment on the strength and direction of association for
the two variable pairs.
iii. What can be stated about the
cause-effect relationship between fixed acidity and volatile acidity, based on
the correlation coefficient score?
Answer: I) Five-number
summary of fixed acidity is as follows:
|
|
Fixed acidity
|
|
Minimum value
|
5.6
|
|
1st quartile
|
7.4
|
|
Median
|
7.8
|
|
3rd quartile
|
8.2
|
|
Maximum value
|
11.2
|
Interpretation: The measures of central tendency
and measures of dispersion summarise mass data in terms of its two important
features.
●
With respect to nature of data to cluster around a central value
●
With respect to their spread from their central value
In the given case, data is distributed normally.
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2. For the data in the table below:
i. What do high kurtosis and
skewness figures denote?
ii. Free Sulphur dioxide and total
Sulphur dioxide have mean, median and modes that
differ substantially from each
other. What can you infer from this?
iii. By looking at the descriptive
stats of the variables, identify two that may be closest to
being normally distributed. Why?
Answer: Kurtosis:
Kurtosis is a statistical measure that defines how heavily the tails of a
distribution differ from the tails of a normal distribution. In other words,
kurtosis identifies whether the tails of a given distribution contain extreme
values.
Skewness: Skewness is asymmetry in a
statistical distribution, in which the curve appears distorted or skewed either
to the left or to the right. Skewness can be quantified to define the extent to
which a distribution differs from a normal distribution.
The "mean" is the "average" you're used to, where you add
up all the numbers and then divide by the number of numbers.
The "median" is the "middle
3. Lok Sabha in India is to discuss
a key constitutional amendment, and there will be four rounds of voting. In
each round of voting, assume that the ruling party has a 60% chance of winning,
i.e. getting the resolution passed by majority vote. Further assuming that the
voting rounds are independent of each other, what is the probability that:
a. The ruling party will win 0
rounds, 1 round, 2 rounds, 3 rounds or all 4 rounds of voting?
b. The ruling party will win at
least 1 round?
Answer: 1. There are 4 rounds
Therefore, n = 4
Probability of winning of ruling party = 0.6
Therefore, p = 0.6
Let X be the number of time ruling party won election.
X = 0,1,2,3,4
P = probability of winning ruling party
q = 1 - P
= 1 – 0.6
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Course: Essentials of HRM
Internal Assignment Applicable for
December 2019 Examination
1. Kanye Apparels Pvt. Limited is a
home grown brand. It has come long way from being a family business to a
mid-sized organisation. Traditionally they always believed in appraising
employees through checklist method. Recently many employees have come out being
very vocal about their displeasure on the traditional way of appraisal and feel
it is an unjust way of assessing them. You have been hired as a consultant to
propose a new appraisal system. Also, conclude by justifying your selection for
the choice of appraisal method.
Answer: Performance appraisal is the process of obtaining,
analysing and recording information about the relative worth of an employee.
The focus of the performance appraisal is measuring and improving the actual
performance and also the future potential of the employee. Its aim is to
measure what an employee does. According to E. B. Flippo, "performance
appraisal is the systematic, periodic and an impartial rating of an employee’s
excellence in the matters pertaining to his present job and his potential for a
better job." Performance appraisal is a systematic way of reviewing and
assessing the performance of an employee during a given period of time and
planning for the future as well.
It is a method of evaluating the behaviour of employees in a
work place in both quantitative and qualitative aspects of job performance. It
is a process which involves determining and communicating to an employee how
their performance has been and ideally, establishing a plan for further
improvement. In other words, you can say that performance appraisal means
evaluating the current or past performance of an employee relating to their
potential and performance standard. The data related to performance assessment
is recorded and used for promotion, confirmation,
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2. Alaya infrastructure is a small
sized organisation having 150 employees. The organisation never had a formal
induction training. You are their first ever HR Manager and you strongly feel
the need to have induction training. You are asked to present the concept and
need for induction training to senior management. Conclude by emphasizing on
the importance/advantages of induction training.
Answer: An induction program is a very important step when new
employees join an organisation. It provides an introduction to the working
environment and the role of the employee in the organisation. Induction covers
the employer and employee rights and, the terms and conditions of employment.
An induction program definitely covers any legal and compliance requirements of
the organization. Also it definitely tells employees about the health and
safety precautions to be taken in certain situations. Induction is meant to
enable a new employee to become productive and get integrated with the team faster
and hence start feeling good about his/her joining the new firm. The aim is not
to “throw someone into the deep end”. But to create an environment for the new
employee to become productive and part of the team in a
3. A web content creation organization
name Natika which is into humor based content is expanding and wants to hire a
social media intern. Advertisement has to be placed for the vacancy. Based on
this
a. Write a job description for
social media intern for the above organisation.
b. Write job specification for the
above profile.
Answer: a) The job description describes in detail the various
aspects of a job such as the tasks involved, the responsibilities of the job
and the deliverables. It also describes the setting and work environment of the
job. The scope and nature of the work, including all important relationships of
the work and duties of the position should be clearly laid out. Kind of work,
degree of complexity, degree of skill required, responsibility for each phase
of work, etc. Supervisory responsibility should be explained to employee in
brief.
The job description is basically an outline of how the job
fits in to the company. In the first stage, the job analyst writes down the
title of the job and clearly identifies to whom the job holder will be
Course: Financial accounting and
analysis
Internal Assignment Applicable for
December 2019 Examination
1. Wildcat Ltd, a manufacturing
company sold a machinery for Rs 8 lacs at the year end. The company had
purchased the machinery four years back for Rs 15 lacs and had depreciated the
same using written down value method of depreciation @ 20%. As an accounts
executive of Wildcat Ltd, calculate the WDV of the asset for the four years,
accumulated depreciation for four years and profit/loss on sale, if any.
Answer:
|
Machinery account
|
|||||
|
Date
|
Particulars
|
Amount
|
Date
|
Particulars
|
Amount
|
|
1st year
|
|
|
1st year
|
|
|
|
Apr-01
|
To bank a/c
|
1500000
|
Mar-31
|
By depreciation a/c
|
300000
|
|
|
|
|
Mar-31
|
By balance c/d
|
1200000
|
|
|
|
1500000
|
|
|
1500000
|
|
2nd year
|
|
|
2nd year
|
|
|
|
Apr-01
|
To balance b/d
|
1200000
|
Mar-31
|
By depreciation a/c
|
240000
|
|
|
|
|
Mar-31
|
By balance c/d
|
960000
|
|
|
|
1200000
|
|
|
1200000
|
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2. Mr. Shil Wants to record the
financial transactions of his newly started business. Discuss what accounting
steps/stages he need to adhere so that the transactions can be duly recorded
and processed in order to prepare the financial statements.
Answer: A business is started with a view to earn profits, to grow
and to sustain in the long run. Profits are earned through the transactions
like purchases, sale of goods and services, incurring various expenditures etc.
As a business person you would like to know in detail the various types and
amount of earnings as well as expenses also, the nature and value of assets
possessed during a particular period.
A systematic
3 a. Following information is
available in respect of a company named, as Beta Ltd
|
Particulars
|
Amount
|
|
Profit before taxes
|
Rs 50 lakhs
|
|
Dividend declared per
share
|
Rs2
|
|
Price of the share prevalent
on stock exchange
|
Rs 200
|
|
Applicable tax rate
|
35%
|
|
Share capital of
company 5 lakh shares of Rs 10 each
|
|
Calculate-
Earnings per share
Dividend Pay-out Ratio
Price earnings ratio
Answer: Earnings per
share
Earnings per share = Profit
available for equity shareholders
Number of equity shares
Calculation of Profit available for
equity shareholders
|
Profit before taxes
|
Rs 50 lakhs
|
|
Less: tax @ 35%
|
Rs 17.50 lakhs
|
|
Profit (after tax) available for equity shareholders
|
Rs 32.50 lakhs
|
Earnings per share = 32.50 lakhs
5 lakhs
= Rs. 6.5 per
Course: MARKETING MANAGEMENT
Internal Assignment Applicable for
December 2019 Examination
“Balwaan Gyms and Akhadas” is a new enterprise
started by two young fitness freak entrepreneurs Mr. Balraj and Mr. Balbuddhi.
Balwaan Gyms and Akhadas is a chain of gyms with a vision to make everyone
healthy. The company has already opened 15 Gyms and Akhadas across five cities
namely Mumbai, Bangalore, Pune, Delhi and Kolkata. The gym has all modern
facilities and amenities like 24*7 security, convenient parking, flexi hours,
group Classes on fitness, Personal Training, Private restrooms for males and
females. The most unique thing about Balwaan is that it also has all Indian
style akhadas where traditional body building is taught. Balwaan’s every store
has a healthy café where they serve traditional healthy food and drinks at
extra cost. The membership fees for the same is 24,000 per annum without a
personal trainer. The company has been relying only on word of mouth for yearly
memberships. The company has not undertaken any marketing promotion campaigns
for the same. The company is falling short of its expectation when it comes to
membership and revenues.
Assume the company has hired you as
a Marketing consultant and they want you to advise them on the following
issues:
1. List and discuss the major bases
for segmentation of consumer markets. Explain the four variables in detail for
Balwaan.
Answer: A market segment is a portion of a larger market in which
the individuals, groups, or organisations share one or more characteristics
that cause them to have relatively similar product needs.
Five conditions must exist for
segmentation to be meaningful:
1. A marketer must determine whether the market is
heterogeneous. If the consumers‟ product needs are homogeneous, then it is
senseless to segment the market.
2. There must be some logical Your
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2. How will you promote the Brand
Balwaan Gyms and Akhadas online? Explain five platforms that you will use to
promote the same.
Answer: Online marketing can be quite challenging, as there is no
direct, face-to-face interaction with the customer. However, a good e-marketing
strategy can overcome this challenge and build a large customer base by proper
planning and adopting the appropriate strategies.
These days we find almost everything online as it saves our
time and we get good discount as well. As the company is expanding itself to
the national market, going online will help it in a big way. Apart from normal
shops or through wholesalers and retailers, company may also sell its products
on various online websites which offer groceries etc. Online selling will help
the brand and company will achieve its desired objectives. Customers research
online first, whether they buy online or in-store
3.a. Explain various levels of
product with reference to Balwaan Gyms and Akhadas.
3.b. Which celebrity will you select
as a brand ambassador for the Balwaan Gyms and Akhadas? Explain the choice of
your celebrity with five reasons.
Answer: a) The product concept is based on the idea that consumers
will favour those products
that offer attributes like quality, performance, and other
innovative features. Managers focus on developing superior products and
improving the existing product lines over a period of time. The focus of the
total product concept is on the product attributes. The problem with this
orientation is that managers forget to read the customer’s mind and launch
products based on their own technological research and scientific innovations.
Prof. Theodore Levitt of Harvard Business School termed this as ‘marketing
myopia’. He recommended that companies should not be short-sighted and adapt to
the changing needs of the customers and environment.
Levels of product with reference to
Balwaan Gyms and Akhadas
The core product – This explains the reasons for
which the customer purchases the product. The essential benefit associated
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Course: Strategic Management
Internal Assignment Applicable for
December 2019 Examination
1. You have been appointed as a
Strategy Consultant to a Swiss shoe making brand namely “Bally” wanting to
enter India. Which one of Porter’s Generic Strategies would you choose to be
operational in India & explain the reasons in detail behind your choice of
strategy? Once the strategy has been chosen, explain the categories of
customers you would target?
Answer: Porter evolved the theory that there are three generic
strategic options available to companies. These are:
• Cost leadership
• Focused cost leadership
• Differentiation
Porter’s theory is based on the concepts of niche marketing
and mass marketing and product proposition to be offered by different companies.
Two dimensions of the strategy analysis are market coverage and basis of
product performance.
Cost
leadership strategy is based on exploiting some aspects
of the production process, which can be Your
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2. UNIQLO is a Japanese casual wear
designer, manufacturer and retailer that wishes to enter India’s Retail market.
Conduct a PESTLE analysis for Uniqlo in India & suggest whether Uniqlo
should enter India or otherwise.
Answer: PESTLE Analysis
●
Political factors: The developments in the political
environment strongly influence marketing decisions. The constituents of
political environment include laws, statutes, government agencies and political
parties. The marketers should use the political climate in favour of their
products. Legislation affecting business has increased steadily over the years.
●
Economic factors: Marketers are required
to follow rules and regulations framed under the law of the operating country
with regards to pricing, advertising and all marketing activities.
●
Social factors: Social trends influence
individuals, which increases the demand for a particular product. For example,
India’s shift towards younger population, the migration of young peopl
3. You are the Chairman of Isuzu
Motors in Japan. Your Indian subsidiary Isuzu India has managed to gain only
under 2% of the market share so far & Competitor brands such as Maruti
& Hyundai account for 50% & 17% of the market shares respectively.
a. What turnaround strategies can
you suggest to arrest the decline of revenues & profitability of your
company?
b. In your opinion, would it be
considered appropriate to pursue a Combination Strategy? State your response
with appropriate justifications & reasons.
Answer: a) Corporate turnaround may be defined as organizational
recovery from business decline or crisis. Business decline for a company means
continuous fall in turnover or revenue, eroding profit, or accrual or
accumulation of losses. So, business or organizational decline, like business
performance, is understood in relative terms, that are, compared with the past.
But, some strategy analysts describe business decline in terms of current
comparisons also; for example, relative to industry rates or averages or even
relative to economic growth of the country. Corporate crisis means deepening or
perpetuation of a decline. Turnaround strategies are usually required for
crisis situations. If organizational decline is not
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