Business Economics
December 2021 Examination
Q1. What is
Indifference Curve, explain with the help of diagram and also explain its
properties. (10 Marks)
Answer 1.
Introduction
Indifference
curve:
The indifference
curve illustrates how consumers behave based on their indifference towards
certain groups of goods and services. The consumer is equally satisfied by all
combinations in an indifference curve. Normally, an indifference curve is
designed to be convex to the origin. Assuming that marginal utility/marginal
satisfaction diminishes, this statement is correct. The extra utility we gain
from consuming extra units decreases as the total utility increases at a
diminishing rate. We assume that the combined utility of products further from
the origin will be
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2. Consider the
demand for a good. At price Rs 4, the demand for the good is 25 units. Suppose
price of the good increases to Rs 5, and as a result, the demand for the good
falls to 20 units. Calculate the price elasticity? (10 Marks)
Answer:
Introduction:
The
elasticity of demand:
In contrast, elasticity of demand measures the impact of
a change in an economic variable on the quantity demanded in a market. Demand
for a product is influenced by a variety of factors, such as income levels
within a segment, price of the product, and the price of other products in that
segment. This measure assesses how much change is observed in demand in
response to changes in any of the variables in the market, like price, income,
etc. Demand changes when other factors
3.a. Two goods have a
cross-price elasticity of demand of +1.2 (a) would you describe the goods as
substitutes or complements? (b) If the price of one of the goods rises by 5 per
cent, what will happen to the demand for the other good, holding other factors
constant? (5 Marks)
Answer:
Introduction:
A commodity's demand elasticity refers to how it
responds to alterations in elements affecting the direction of its demand based
on adjustments in elements affecting its direction. A number of factors influence consumer
choice and taste, consumer earnings, the price of other products, the
3.b. Calculate
Marginal Utility and Average Utility from the information given in the below
table: (5 Marks)
|
Quantity Consumed |
Total Utility |
|
1 |
20 |
|
2 |
35 |
|
3 |
47 |
|
4 |
55 |
|
5 |
60 |
Answer:
Introduction:
Utility: A good or service's utility is the level of total
satisfaction it gives when consumed. According to economic theories based on
rational choice, consumers strive to maximize utility. Economic utility is
crucial for understanding because it directly affects demand and therefore
price. The utility of a consumer cannot be measured or quantified. Yet some
economists believe
Financial
Accounting & Analysis
December 2021 Examination
1. The net profit before taxes as per the profit and loss account
of Gaman Ltd is Rs 269244. With the given set of information, classify the
delivered items as (operating / investing / financing), share the correct
classification with logical reasoning, and calculate the cash flow from
operating activities
TABLE BELOW
|
Loss
on sale of an asset |
95780 |
|
dividend
income |
26000 |
|
interest
income |
35000 |
|
finance
cost paid on debentures |
12000 |
|
gain
on sale of investment |
45000 |
|
Depreciation
on fixed assets |
85000 |
|
Amortization
Expenses |
110000 |
(10 Marks)
Introduction:
In a cash flow
statement, you can see how much cash enters and leaves your business during a
particular period. A cash flow statement, along with a balance sheet and income
statement, is one of the three most important financial statements for your
small business accounting and ensuring that you can continue to operate.
An organization can know how much cash it has in and out of the company from a
cash flow statement. By looking at the cash position of a company, a
sense will be gained of how the company manages its obligations and funds its
operations. Its Half solved only
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2. Discuss the steps of performing trend analysis on the financial
statements of any company.
Download the Balance sheet of any company of your interest from
the open sources. Perform the comparative analysis of that Balance sheet and
discuss your findings.
Hint to attempt: to choose a company from open-source- type the
company's name on the web page.
Download the annual report as available, latest. Identify the
relevant data, and then perform a comparative analysis of the Balance Sheet of
the company (10 Marks) –
Introduction:
Trend analysis is a
method for comparing financial data over time of an organization. The degree of
time can be expressed in a number of ways depending on the situation. During
the study, a quantity and percentage exchange will be calculated and compared. The
economic statements of a company are extremely important to any financial
specialist. Three large areas need to be drawn together. What's within the
financial statement's shape? These encompass The Company’s
3. Mr. Akbar provides you with the following information-(all the
transactions are separate and independent of each other)
Started business with cash Rs15
Purchased goods for cash Rs 25
Sold goods to C on credit Rs 2
Paid salary for cash Rs15
Deposited cash into the bank account Rs1
a. Identify the accounts being affected in the monetary
transaction and Identify the type of accounts identified - real, personal, or
nominal (5 Marks)
Introduction:
A dual-effect
business transaction is a result of every transaction reported in the book of
accounts according to the principle of Duality. To put it another way, some
variations are recorded with every transaction recorded in the books of funds.
There's nothing particularly remarkable in the Account except a few
observations made about people, marketers, and objects.
b. Discuss the rule of passing the journal entry applicable here
and give the journal entry (Golden rule or transaction analysis, any of these
rule/s can be taken as a base to justify the answer) (5 Marks)
Introduction:
An accounting
transaction is any business transaction that can be quantified in economic
terms. To maintain track of such transactions, a credit and debit system has
been created. A debit is an accounting item that either increases the value of
an asset account or decreases its value. This
Information Systems for Managers
December 2021 Examination
1. Suthar Timber Merchants in
Patiala, India, features a large selection of building supplies, including
timber, fencing and decking, moldings, hardwood flooring, sheet materials,
windows, doors, ironmongery, and other materials. The prices of building materials
are constantly changing. When a customer asks about the price on fixtures,
fittings, hangings, and other items, sales representatives consult a manual
price sheet and then call the supplier for the most recent price. The supplier
in turn uses a manual price sheet, which has been updated each day. Often, the
supplier must call back Suthar's sales reps because the company does not have
the newest pricing information immediately on hand. Assess how the use of ERP
systems/ software can help the business improve their situation. Identify the
cons of implementing the ERP solution/ software solution for Suthar Timber
Merchants do to avoid a failure in the implementation. (10 Marks)
Ans 1.
Introduction
In terms of pricing, ERP may be an advantage or disadvantage,
depending on your budget. Many ERP systems have numerous fees attached to them,
which can increase the price. ERP solutions can be quite expensive, whether
it's in license costs, implementation fees, or even recurring monthly fees. You
can save money by investing time in researching ERP solutions within your
budget. When you don't know how the software works, you're more likely
to make costly mistakes or spend much time trying to get it to function for
you, leading to decreased Its Half solved only
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2. Individuals now have unlimited
access to health information and, as a result, they have become actively
involved in improving their health. There are now close to 700,000 health apps
that monitor a variety of health data - heart rate, blood pressure, sleep
patterns, calories intake, physical activity, blood glucose, cholesterol
levels, and several other parameters. This self-monitoring information is set
to increase, get more accurate, and transform how healthcare will be delivered
to the people. Cloud computing comes to the forefront here as it helps with
storage of private and confidential patient data. It enables healthcare
professionals and citizens/patients to access their data at any time and place.
Health organizations use cloud computing to reduce costs, simplify management,
and improve services in a safe and secure manner. Clinicians can be more
flexible in their work as they are not confined to their office to access
patients' health records. Healthcare professionals can also exchange
information about a patient with their colleagues at other locations to inform
or negotiate about possible medical options. Cloud services available to health
and life science organizations today extend well beyond email and
communications, meetings and collaboration. Hospitals and physicians are
starting to see cloud-based medical records and medical image archiving
services. The objective is to offload a burdensome task from hospital IT
departments and allow them to focus on supporting other imperatives such as EMR
adoption and improved clinical support systems. What are the advantages of
adopting cloud computing in hospitals? Can introducing mobile devices for
doctors in hospitals help? If so, how? (10 Marks)
Introduction
In contemporary
times, cloud computing has become an increasingly important technology as
different organizations are transitioning to the internet for facilitating
higher or domestic-based services. Cloud computing is a similar technology used
by enterprises to control and maintain specific information provided by unique
sources over the internet. Another example of on-demand cloud computing is
Google cloud, which is one of the actual cloud computing examples.
3. The concept of the "smart
city" has recently been introduced as a strategic device to encompass
modern urban production factors in a common framework and, in particular, to
highlight the importance of Information and Communication Technologies (ICTs)
in the last 20 years for enhancing the competitive profile of a city. The
demand for smart cities has increased in recent years.
a. In order to meet the demand of a
smart city project in a country like India, with the help of any smart city
project, describe some of the key elements for such smart cities. (5
Marks)
Introduction
It is one of the most
important goals to foster prosperity and economic growth for smart cities by
providing all necessary centers for people and humans. A smart city, such as a
smart city in business, would be enhanced by enhancing the quality of existence
of its inhabitants. Further, operating proficiency and computerized
communication are the types of terms. These terms can
Management Theory and Practice
December 2021 Examination
Question No 1. Can you do a SWOT Analysis of any 1 Indian company of your choice dealing in FMCG? (10 Marks)
Ans 1.
Introduction
There
are several business units in Patanjali Ayurveda Limited. These include offices
in Haridwar or Delhi, and registered workplaces in Haridwar and Delhi,
respectively. A new company shape shifted into the company in 2006 and the
company has grown in a number of ways to reach Rs 330 crore. In the financial
year 2017-18, the company generated sales of about twelve Its Half solved only
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Question No 2. MG Motors have been having a tough time from the time of their launch in India. They feel that there have been a lot of pilferages and wastage in their production and they need to sort it out as soon as possible. Also, the time taken to manufacturer one unit of their cars is extremely high as compared to global benchmarks. They have hired you as a consultant for the same? Can you explain the concepts of JIT and Lean Production to them and help them apply the same in order to reduce their troubles? (10 Marks)
Ans 2.
Introduction
In relation to JIT, the term simply means 'just in time'. A stage of stock management that involves close collaboration with suppliers to ensure raw materials arrive as the manufacturing process is set to start. We make sure
Question
No 3. Lemon Tree, a premium chain of hotels across the country has suffered
tremendous losses during this pandemic and have hired you as a consultant in
order to analyze the same
a. Can you explain
Political, Economic and Social forces which have had an impact on the business?
(5 Marks)
b. Can you also help
them apply the contingency approach of Modern approach in order to face the
pandemic effectively? (5
Marks)
Introduction
A prime motel chain, Lemon Tree, which provides a wide range of accommodations all across the country, has suffered substantial losses as a result of the pandemic. Although this corporation has experienced a number of troubles as a result of this lockdown, many corporations have also faced a number of problems during this lockdown period. If you want to prevent significant losses, you
Marketing Management
December 2021 Examination
Q1. Tesla
Model 3 is
planning to launch
in December 2021
in India. As
a Marketing consultant explain
the steps that you will suggest for the New Product Launch? (10 Marks)
Answer 1.
Introduction
The Tesla Model 3 allegedly appeared along Pune's roads ahead of its
official introduction in India, according to reports. An entry-level Tesla
model in blue has been observed on the street in Pune, reports claim. Model 3's
dual-motor all-wheel drive system, high acceleration, long range, and fast
charging are designed for electric-powered performance. Various publications
have reported that the Tesla Model 3 is anticipated to arrive in India in
December 2021 for a price of about Rs 60 lakh. India's auto sector has
grown by leaps and bounds in the last decade as a result
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Q2. Parle Agro makes its entry into the dairy segment with a premium and high-quality range of flavored milk products, 'SMOODH'. With disruption inborn in the brand's philosophy, SMOODH becomes the only flavored milk beverage in the global market to be available in 85 ml Tetra Paks and priced at only ₹10. Suggest a suitable promotion mix for the new launch. (10 Marks)
Answer 2.
Introduction
Parle G biscuits can be eaten for teatime or anytime.
Nutritional value and delicious taste combine to make the biscuits. Every
manufacturing facility maintains high hygiene standards and purchases raw
materials with care. Individuals consider the biscuits to be excellent because
of their worldwide success. Business has introduced a premium variant of Parle
G glucose biscuits. It's a chocolate and cashew flavor premium quality cookie
that was introduced in 2002.
3. Read the case & answer the questions based on the case:
Kia Motors announced that it has opened
its first digital showroom in India,
moving towards providing digitized services to its customers.
The showroom is located in Prabhadevi which is one of the busiest hubs
of Mumbai and is equipped with 3D configurators with a digital catalogue, a
Heritage Wall, Digital Spec Boards and a media wall.
The showroom is
designed to display
Kia’s current product
portfolio with 3D configuration. The 3D configurator zone in
the facility enables the customers to customize and design their favorite Kia
cars and witness their intricate details. All the showcased vehicles will be
equipped with digital spec boards to share all the relevant information about
the product. The content displayed in the showroom is controlled directly by Kia
India, providing greater transparency, a sense of security and reliability to
the customers.
a. ‘The 3D configurator zone in the facility enables the customers to
customize and design their favorite Kia cars.’ Based on this statement explain
which type of targeting strategies is initiated by Kia Motors. Justify your
reason. (5 Marks)
Answer 3A.
A colloquialization
used by Kia Motors Company is "The strength to surprise." People in
standard found it attractive because it became a concise, targeted, and
purposeful explanation that unquestionably drives all of the company's
initiatives. In this report, we show you the pinpoint of the association,
highlighting its commitment to making fine surprises for its
b. In your opinion, which segmentation strategy
is adopted by Kia Motors? (5
Marks)
Answer 3B.
Despite the fact that so many European associations have pulled out of the engraving of India, it has always been perceived as a complicated role. However, some companies, such as Maruti and Toyota, have found a way to overcome this challenge and retain their market share in the Indian
Organizational Behavior
December 2021 Examination
Q1.
In your current occupation, describe the top 5 abilities that help you perform your role effectively. Based on your analysis, justify with appropriate examples, why the abilities
of an employee should match the
job requirement. (10
Marks)
Answer 1
Introduction
The
most important aspect of job searching is to let employers know how well
qualified you are for the positions you are applying for. When you do so, you
are more likely to be seen as a candidate worth interviewing by the hiring
manager. You will typically only have a few seconds to convince an employer
that you are fit enough for the position to merit a more thorough evaluation of
your CV and cover letter. It's therefore essential that you prove you possess a
lot of
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Q2.
Is perception management applicable in current times when we are working from home virtually and not interacting personally with our coworkers and managers? Rationalize
your opinion
with steps and measures that help you manage the process. (10
Marks)
Answer 2
Introduction
Since the emergence of
the pandemic, many companies are beginning to consider another hybrid model of
blended-race teleworkers, where some representatives are located near their
headquarters and others work remotely. As a result of the new method, people have
more access to capability, it has become more useful for small businesses and
for individuals, it has increased the value of investment funds, it has grown
the number of job opportunities, and it has also developed employee experience.
However, even though these potential benefits may seem
Q3.
Nikita is a Change Manager with Nelson & Murdock. In the view of the way
the business landscape is evolving with more reliance on technology, she
intends to bring about many new initiatives which require employees to unlearn
certain aspects and learn many new approaches. Many learning theories have been
prevalent which organizations use from time to time.
a.
If employees need to learn certain model behaviors demonstrated by leaders,
which learning theory should Nikita select for faster results? (5 Marks)
Answer 3A.
Introduction
It may be helpful for
your group to have an authority lead if it allows your group to be more helpful
and have an increased ability to achieve its objectives. Besides, it is
extremely supportive of retaining full power within your field of knowledge
since your colleagues, having worked with you before, are looking forward to
working with you again. It is imperative to identify the
b.
How does
learning through reinforcement
bring about behavior
modification in employees? (5
Marks)
Answer 3B.
Introduction
Assisting someone who
is learning as much as possible is crucial to achieving maximum learning
potential. A regulation of effect is a proposal taking its roots from
Thorndike's regulation of effect in which he asserts that supported conduct
will be rehearsed. As a result, there will now no
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