Tuesday, March 30, 2021

narsee monjee nmims 2nd sem june 2021 solved assignments last date is 29 may 2021

 

BUSINESS COMMUNICATION

June 2021 Examination

Question 1. You worked as an intern at Super ventz Event Management Solutions in the summer of 2018. You were reporting to Maneka Sharma, the head of digital marketing for Super Eventz. You are now applying for a job opportunity at Manendra & Manendra for the position of Social Media Manager. The HR department of Manendra & Manendra needs a letter of recommendation as part of their hiring process. Write an email to Maneka Sharma requesting for a recommendation. Use your creativity to make up any details you need in order to craft an effective message. (10 Marks)

Ans 1.

Introduction 

SuperEventz is an event management organization. They provide summer internships to students on successful completion of which the students are eligible to earn certificates and letters of recommendation from the organization, which helps in the growth of the career of the students. These letters of recommendation help the interns find proper work in many organizations. Apart from just helping build good curriculum vitae, a letter of recommendation from the interning organization helps to Its Half solved only

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Question 2. MaxPlus Cottons is closing its Chennai manufacturing plant amidst a slow economic climate. Mahesh Kumar, Chief Operating Officer needs to be the bearer of bad news. The silver lining is that all employees will be redeployed to other plants, and there will be no job cuts. Considering the nature of the news, Mahesh has decided to use the indirect approach while writing the email. He is thinking of an effective buffer to use in the opening paragraph. What is a buffer? Explain any 5 types of buffers, illustrate with examples. (10 Marks)

Ans 2.

Introduction

The current economic scenario is unfavorable for many industries. After the pandemic covid-19, there has been a global economic crisis. This economic situation has been the reason for many industries to cut their employees to reduce the loss that they are bearing. It has been no exception for MaxPlus Cottons. The pandemic has been the cause of low production which means poor sales growth. This poor growth would need to be balanced with some proper but difficult decisions.

 

Question 3.a. Rewrite these sentences to reflect your audience’s viewpoint or the “You” Attitude:

(5 Marks)

1. Your email order cannot be processed; we request that you use the order form on our website instead.

2. We insist that you always bring your credit card to the store.

3. We want to get rid of all our 15-inch LCD screens to make room in our warehouse for the new 19-, 23-, and 35-inch monitors. Thus, we are offering a 25 percent discount on all sales of 15-inch models this week.

4. I am applying for the position of accounting intern in your office. I feel my grades prove that I am bright and capable, and I think I can do a good job for you.

5. As requested, we are sending the refund for Rs.4500

 

Ans 3a.

Introduction

These are some statements mentioned here. Further in the analysis, it would be discussed how these statements can make an impression on the audience and how they would react to it. However, for people who want to shop using cash or for the people who do not like the idea of

 

Q 3.b. Revise the following sentences to be positive rather than negative: (5 Marks)

1. You have not filled in every section of the questionnaire we sent you.

2. It’s clear that you have not understood the question.

3. It is very obvious that you are doing everything you can to avoid your responsibility for refunding all my costs.

4. You failed to specify the colour of the blouse that you ordered.

5. You must understand that by using the water jet cleaner without reading the instructions carefully means that you are very likely to damage the machine or possibly cause injury to yourself through incorrect operation.

Ans 3b.

Introduction

There are some statements mentioned here that have a negative approach. Further in the discussion, the approach would be changed to positive with a brief explanation of how it has been done. Nonetheless, for individuals who need to shop utilizing money or for individuals who don't care for utilizing a

 

Business Law

June 2021 Examination

 

1. List out the implied warranties under the Sales of Goods Act, 1930 and provide an example explaining each implied warranty. (10 Marks)

Ans 1.

Introduction

The sale of Goods Act 1930 contains different provisions about the sale of goods. Two essential terms among them are "warranties" and "conditions". In the Act, section 12 clarifies the meaning of "warranties" and "conditions".

I) A stipulation in a sale-contract concerning goods, maybe a warranty or condition.

II) A condition that stands as the stipulation is critical to the contract's primary purpose. In case of any breach, it may rise to a "right" for treating the contract as "abandoned."

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2. Explain in detail two (2) real-life cases of penalties being imposed for offenses under the Information Technology Act, 2000. Please explain the facts and the nature of the offense in detail. (10 Marks)

Ans 2.

Introduction

Tremendous changes have ushered in people's lives by the introduction of the internet. People from all walks of life are growingly using the internet and computers for creating, transmitting, and storing information in the electronic form(s) in place of the traditional or age-old form. Electronically stored information has multiple advantages and uses. The information can be easily stored and retrieved

 

3. Rehan's father died due to COVID-19 complications but Rehan felt that the negligence of the hospital authorities led to his father dying. The hospital in which his father was admitted is a government hospital. Now, Rehan wants to file a case against the hospital for this negligence. He requested the hospital to provide the case papers of his father's health records, admission records, and other details of his stay in the hospital. However, the hospital refused it.

3 a. Under what law can Rehan apply to obtain the documents and records from the government hospital in light of the refusal of the government hospital to provide the same? Please explain the answer with reasons (5 Marks)

 

Ans 3a.

Introduction

Patients are empowered by the Indian Law to get their medical records from health institutes/organizations. Indian Health Ministry also issues instructions and ensures the information seekers get such documents, which might have been denied to the document seekers.

3 b. Can the government hospital refuse the provision of the documents, if yes under which law? Please explain the answer with reasons (5 Marks)

Ans 3b.

Introduction

We have just studied that the Information Commissioner (India) rejected the health authority's contention. Instead, it ordered that the patients have the right to obtain their medical records rooted in Articles 19 and 21 of India's Constitution. Naturally, the respondent hospital had to provide the medical records to the document seekers.

 

Decision Science

June 2021 Examination

 

1. Nemi Mehta is owning 50 Hectares of land near Junagadh. On his Farm, he cultivates Giloy, which is a medicinal plant in Ayurveda. The below-given table shows the sales of ‘Giloy Vati’ that his team is preparing as per one Ayurveda script (book), and the amount they spend on the Advertisement of it.

Nemi’s problem is to analyze the effect of Advertisement on sales. Firstly, He wants to understand the presence of a linear relationship between the sales and ‘amount spent in advertisement’. He also wants to run a correlation and regression to know whether he should keep spending money on Advertisements or not. If sales figures are not affected by advertisement, he should not spend money on it.

So, take the EXCEL output of the following and write the interpretation.

  • Appropriate type of Graph which can exhibit the linear relation b/w variables.
  • Karl Pearson’s Correlation Coefficient
  • Regression Analysis
  • Graph that shows predicted v/s actual sales figures.

 

Region code

 

Sales

(INR 000s)

Advertising

(TV spots per month) (in INR, 000s)

1

260.3

5

2

286.1

7

3

279.4

6

4

410.8

9

5

438.2

12

6

315.3

8

7

565.1

11

8

570.0

16

9

426.1

13

10

315.0

7

11

403.6

10

12

220.5

4

13

343.6

9

14

644.6

17

15

520.4

19

16

329.5

9

17

426.0

11

18

343.2

8

19

450.4

13

20

421.8

14

 

 

Answer 1

Nemi Mehta is having 50 hectares of land near the Junagadh, she is growing the Giloy and making the GiloyVati from the medicines, she is also spending amount on the advertisement and she is eager to interest to know that is the advertisement is having any correlation with the sales or not. Its Half solved only

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2. The table given below is the ‘single year age population’ (taken from census 2011). This table shows the population of people (age-wise) living in Leh at the time of the census 2011 survey. Transform this ungrouped data into Grouped data by forming age groups (only five age groups), and then find out Mean, Variance, Standard deviation, Ogive, and Histogram. Write the summary based on your calculations.

Age

in Yea rs

 

Populati on

Age

in Yea rs

 

Populati on

Age

in Yea rs

 

Populati on

Age

in Yea rs

 

Populati on

Age

in Yea rs

 

Populati on

 

 

 

11

 

1998

 

22

 

2839

 

33

 

2696

 

44

 

1652

 

1

 

1958

 

12

 

1916

 

23

 

2935

 

34

 

2781

 

45

 

1806

 

2

 

1725

 

13

 

2138

 

24

 

3601

 

35

 

2799

 

46

 

1460

 

3

 

1814

 

14

 

2139

 

25

 

4110

 

36

 

2450

 

47

 

1226

 

4

 

1768

 

15

 

2096

 

26

 

4089

 

37

 

2142

 

48

 

1225

 

5

 

1871

 

16

 

2044

 

27

 

3716

 

38

 

2114

 

49

 

1006

 

6

 

1888

 

17

 

2027

 

28

 

3702

 

39

 

1725

 

50

 

1454

 

7

 

1768

 

18

 

2065

 

29

 

3084

 

40

 

2218

 

 

 

8

 

1712

 

19

 

2013

 

30

 

3475

 

41

 

1802

 

 

 

9

 

1780

 

20

 

2459

 

31

 

2844

 

42

 

1751

 

 

 

10

 

1862

 

21

 

2594

 

32

 

2684

 

43

 

1659

 

 

 

Source: Data.Gov.in

 

Answer 2.

The table given below is as follows for the single year age population that has been taken from census 2011, the table which has been taken age-wise is as follows.

 

Age in years

Populations

Age in years

Populations

Age in years

Populations

Age in years

Populations

Age in years

Populations

1

1958

11

1998

21

2594

31

2844

41

1802

2

1725

12

1916

22

2839

32

2684

42

1751

3

1814

13

2138

23

2935

33

2696

43

1659

4

1768

14

2139

24

3601

34

2781

44

1652

5

1871

15

2096

25

4110

35

2799

45

1806

6

1888

16

2044

26

4089

36

2450

46

1460

7

1768

17

2027

27

3716

37

2142

47

1226

8

1712

18

2065

28

3702

38

2114

48

1225

9

1780

19

2013

29

3084

39

1725

49

1006

10

1862

20

2459

30

3475

40

2218

50

1454

18146

20895

34145

24453

15041

 

3.a. The given table shows the rainfall of Gujarat Region. Forecast the rainfall using Exponential Smoothing. Use Alpha =0.2, 0.5 and 0.8. Data is available from 1997 to 2016, use this series for the calculation and forecast the rainfall for the year 2017. To know, what extent the prediction is correct, actual rainfall for 2017 (1024.4  millimeters) is provided. Based on MSE and  MAD, find out which alpha values among the three suggestions are relatively near to actual value?

SUBDIVISION

YEAR

ANNUAL (in MM)

Gujarat Region

1997

1068.9

Gujarat Region

1998

1070

Gujarat Region

1999

568.4

Gujarat Region

2000

550.6

Gujarat Region

2001

849

Gujarat Region

2002

637.2

Gujarat Region

2003

1160.3

Gujarat Region

2004

1005.8

Gujarat Region

2005

1316.4

Gujarat Region

2006

1478

Gujarat Region

2007

1178.9

Gujarat Region

2008

911.1

Gujarat Region

2009

641.6

Gujarat Region

2010

1088.7

Gujarat Region

2011

890.5

Gujarat Region

2012

714

Gujarat Region

2013

1118.6

Gujarat Region

2014

705.7

Gujarat Region

2015

622.9

Gujarat Region

2016

764.9

 

Source: Data.Gov.in

 

Answer 3 a:

 

Calculation of the forecast when the alpha value is 0.20, 0.50, and 0.80 is as follows:

By using the formula of the exponential smoothing is as follows:

Ft = α x A t-1) + ( 1- α ) X ( F( t- 1) )

Where the alpha value is 0.20, 0.50 as well as the 0.80

 

 

3.b. A new gas-electric hybrid car has recently hit the market. The distance traveled on 1 gallon of fuel is normally distributed with a mean of 65 miles and a standard deviation of 4 miles. Find the probability of the following events. (show the concerned region by z curve)

1.   The car travels more than 70 miles per gallon.

2.   The car travels less than 60 miles per gallon.

3.   The car travels between 55 and 70 miles per gallon.

(5 Marks)

 

Answer 3 b:

The distance traveled on 1-gallon of fuel is normally distributed with a mean of 65 miles and a standard deviation of 4 miles.

 

Essentials of HRM

June 2021 Examination

 

1.      In your experience what are the barriers which prevent one from being an effective communicator? What were the challenges you faced? Suggest some ways to handle such challenges. (10 Marks)

 

Answer 1.

Introduction 

Communication barriers keep us from accurately getting and accepting the messages others use to convey their feelings, contemplations, and thoughts. Some of the examples of communication barriers are information overload, choosy perceptions, workplace gossips, semantics, gender differences, etc. Communication is essential not only to get facts and information but to assemble and fortify connections. The contact has to be brief and direct to impart thoughts, sentiments, considerations, and feelings clearly and reasonablyIts Half solved only

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2. Suppose that you are the HR manager at a firm where hiring-freeze has been declared due to the ongoing pandemic. The plan is to downsize through attrition. What steps would you take to ensure that you reap the advantages of this strategy while minimizing the disadvantages? (10 Marks)

Answer 2.

Introduction:

A hiring freeze is the point at which a business incidentally ends insignificant employing of faculty to decrease costs, normally when an association is under monetary coercion. The executives may likewise embrace a particularly cost-cutting exertion because of a downturn or other financial or market separation or emergency, for example, one that causes creation, overcapacity, or repetition. Hiring freezes might be a present moment or long term and often

 

3. Rahul and Priyanka are partners in a content writing company named as ‘Writing4You’. Rahul says it’s quite clear whether any particular employee of the company is doing their job properly or not, as they monitor, observe and give them feedback regularly. Being a small company Rahul feels a formal appraisal process is of no use because they (both Rahul & Priyanka) can keep in touch with every employee on a regular basis. Priyanka on the other hand, feels that sitting down and giving formal feedback will reinforce what employees are doing right and get them to modify things they may be doing wrong. Now, they want you, their management consultant to advise them on what to do.

a. What performance appraisal problems will ‘Writing4You’ encounter if they continue on the course of not using formalized performance appraisals? (5 Marks)

 

Answer 3a.

Introduction

A performance appraisal is a customary survey of a worker's work execution and, in general, commitment to an organization. Otherwise called a yearly survey, execution audit or assessment, or worker examination, an exhibition evaluation assesses a representative's abilities, accomplishments, and development - or scarcity in that department.

 

b. What guidelines would you recommend to ‘Write4You’ partners for developing an effective appraisal system? (5 Marks)

Answer 3b.

Introduction

A performance appraisal is an evaluation done on an employee's job performance over a specific period. It is the equivalent of a report card on an employee and how their manager assessed their performance over the prior year.

 

Operations Management

June 2021 Examination

 

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 operations of a Large Hospitality Setup (like a Resort. etc). (10 Marks)

Answer 1.

 

INTRODUCTION

Location decision: Location decision means choosing a location for setting up a business. The main aim of location decision is to find the best alternative from other available sites. Location decision is vital for each organization irrespective of size and structure. The main objective of location decision to maintain a balance between Its Half solved only

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2. List down briefly the various inventory management techniques prevalent in the industry. Discuss how some of these techniques would be applicable to a Medical Store in effective management of their inventories, i.e medical supplies. (10 Marks)

Answer 2.

 

INTRODUCTION

 

Inventory Management: The process of ordering, storing, and using the inventory of an organization is known as inventory management. The management part of the inventory management involves raw material, work-in-progress and finished product. Along with these three things, it also includes warehousing and processing of the items.

 

3. Many business organizations have operations in which operations management is a daily and constant process. Managing a Restaurant is one such business, wherein the procurement and managing various resources is a very strategic process. Explain the following concepts (with atleast one example) in Operations of a Restaurant business, and conclude how relevant is it in the business?

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

Answer 3a.

 

INTRODUCTION

 

Quality: Quality is the collection of all the features in a product or service, which helps influence the ability of the product that will ultimately satisfy the customer's demand. Quality starts with the product design

 

 

Answer 3b.

 

INTRODUCTION:

 

Bill of Materials (BOM): The list of components, raw materials, and required instructions for constructing or repairing a product or service forms a Bill of Materials (BOM). There is a hierarchical format in which the business firms prepare the list. The highest level of the bill of materials shows the finished product,

 

Strategic Management

June 2021 Examination

 

1. You have been appointed as a Strategy Consultant to an Italian Luxury Sports Car manufacturing brand namely “Pagani Huayra” 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 along with the price points? (10 Marks)

Ans 1.

INTRODUCTION

Concerning Indian markets, I'll go for all four of Porter's strategies of strategic management, namely which are as follows:

        Cost Leadership (Cost Focus)

        Differentiation ( Differentiation Focus)

This is because the Indian market is very diverse. Due to such a high population of the country, the Indian market is Its Half solved only

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2. Kikkoman, a Japanese soy sauce manufacturer wishes to enter India. Conduct a PESTLE analysis for Kikkoman in India & suggest whether Kikkoman should enter India or otherwise. (10 Marks)

Ans 2.

INTRODUCTION

A PESTEL analysis is a framework or tool used by marketers to analyse and monitor the Macro environmental (external marketing environment) factors that have an impact on an organization. This helps make highly informed decisions for the organizations that will ensure success in the long run.

 

 

3. You are the Chairman of a French FMCG company in India by the name of “French Shine”. You are operating in the “Soaps & Detergents” category & are facing tough rivals like HUL, Nirma & P&G. You have been operating in India since 2016. During 2020, there has been a steady decline in your revenues & profitability. Your market share has also fallen from 6% to 2.5% during 2020. Your competitors are eating into your market share slowly & steadily during Covid-19 pandemic times.

a. What turnaround strategies can you suggest to arrest the decline of revenues & profitability of your company? (5 Marks)

Ans 3a.

 INTRODUCTION

The Turnaround Strategy is a retrenchment strategy followed by an organization when it feels that the decision made earlier is wrong and needs to be undone before it damages the company's profitability. Simply, a turnaround strategy is backing out or retreating from the decision wrongly

 

 

b. In your opinion, would it be considered appropriate to pursue a Strategic Alliance or a JV Strategy or should “French Shine” go it alone in India? State your response with appropriate justifications & reasons. What would be the advantages & disadvantages of such a strategy? (5 Marks)

Ans 3b.

INTRODUCTION

Before understanding what strategies would be applied in Indian Market, let's discuss these strategies. It can be explained as follows:

A strategic alliance is an arrangement between two companies to undertake a mutually beneficial project while maintaining its independence. The agreement is less complex and less binding than a joint venture, in which two businesses pool resources to create a separate business entity.

 

 

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