April
2022 Examination
Question 1. A new café has been
set up in addition to new coffee machines in your organization. The new
machines, besides dispensing regular coffee also dispense Cappuccino, Latte,
and clear vegetable soup. This has made the workplace more interesting for the
employees.
However,
it has been observed by the management that the employees are frequently taking
the breaks and are often found relishing snacks at the new café. This has
seriously hampered the productivity of the employees. Most of them are now not
able complete the usual tasks in the
stipulated time. Draft a memo to
address the situation politely, requesting the employees to
restrict the duration of coffee breaks to a maximum of 10 minutes and to limit
the number of breaks to two coffee breaks a day. (10 Marks)
Ans 1.
Introduction
To the new coffee machines in your workplace, a
new café has opened nearby. Cappuccino, Latte, and clear vegetable soup are
alternative beverages that those new machines may also serve further to
everyday espresso. This has made their jobs extra thrilling for the staff.
Alternatively, managers have visible that personnel frequently take breaks and
revel in their food in the new café. This has harmed staff productivity. There
was a sizeable lower in their time to commit to their usual responsibilities.
The term "working hours" refers to the amount of time an employee
spends doing work mandated utilizing their employer, both explicitly and
implicitly. Working Its Half solved only
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Question 2. You attitude is an important element to be
observed in business communication. Justify the statement and rewrite the
following sentences using You attitude.
a) We give an added discount
of 15% if you visit our shop before 31st October.
b) The company will not
reimburse the medical and phone bills with this month’s salary if the details
and supporting documents are not submitted before 10th of this month.
c) We will give you an extra
one-day stay in out resort if you book it for 3 days and 2 nights in the
monsoon season.
d) Avail ‘Buy 1 get 3’ offer
in the stock clearance sale at Humphrey’s
e) We are giving the
facility to pay in easy monthly installments for the latest German built home
theatres by Bosch.
f) Our team is always there
to address your issues.
g) We now have all out
products available in our newly designed online stores.
h) We have a wide network of
medical practitioners worldwide available for online consultation. (10 Marks)
Ans 2.
Introduction
To make the reader experience as though we are searching at a state
of affairs from their point of view, we use the "you" tone. Because
we don't need anyone's ego bruised, we strive to treat every reader with
appreciation and sensitivity. By targeting what the reader gets instead of what
we will benefit from, we use the "you" technique. It's vital no
longer to use the word "you" excessively. Your message can also come
off as a touch atypical in any other case. The key to writing in the
"you" voice is to be very clear about the point you're making and to
be explicit.
Question 3. Bennet and Bennet a
leading and trusted name in FMCG was established in the Indian markets in 1930.
Since then, it has been catering to its clients with beauty products, health
and wellness products, and baby products. The company is however experiencing a
continuous decline in the profit margins for the last 5 years. Annie Bennet, the heir to Bennets’ Business has
recently joined the family business after achieving an MBA from one of the
prestigious institutes. She has been updated with the present condition of the
business. After making a careful study she has come to the conclusion that one
of the leading factors for loss of clients is that Bennets have not adapted
themselves to the changing marketing and communication strategies. The
pervasiveness of online shopping sites have given the customers the comfort of
shopping from their homes. As a
business graduate in Digital
Marketing, she immediately resorts
to online marketing and communication strategies for better visibility and
branding of Bennet & Bennet. Within a year the store shows a significant
rise in profit and also has succeeded in restoring their old customers.
a. With the
fast-changing scenario of using mobile technology for business communication
how must Annie have changed her communication strategies/techniques with her
clients?
(5 Marks)
Ans 3a.
Introduction
Over the past few years, business communication has gone through a
dramatic shift. Mobile technology and connection have transformed how we
communicate with each other and in business. Rapid integration of much
technical gear has made those possible, automating obligations and enhancing
enterprise operations how specialists can now work outside the
Question
3b.
One of the strategies used by Annie for brand visibility and better
communication with clients, is the development of a website. What should she
keep in mind in order to design a successful website for Bennet and
Bennet? (5 Marks)
Ans 3b.
Introduction
The importance of getting an online presence cannot be overstated
in a new net-centric environment. Whether you operate an online store or a brick-and-mortar
keep, every business must have an internet site. The website design has become
more strategic, complicated, and
April 2022
Examination
Q1. Explain what human resource management. Briefly discuss and
illustrate three important trends influencing human resource management. (10 Marks)
Answer 1.
Introduction
Human functional resource control is the maximum
crucial task for any agency or organization. A human resource supervisor runs
any organization flawlessly. They lease all of the staff and manage them.
Usually, we can also name HRM HR. human aid control is the most straightforward
company that generally fixes the policies and regulations of the company or
organization. HRM is the control of any employment, and they are seen as an
asset to the company. The crucial function of HRM is to gather the central features
of any organization or Its
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Q2. Discuss the pros and cons of at least four performance appraisal
methods. (10 Marks)
Answer 2.
Introduction
A
performance appraisal is away an employee in an enterprise refers to evaluating
employee overtime. That is the fee of their report card by which they're
assessing the performance in their manager from the beyond to the existing.
Anyone who has worked in multiple organizations can enhance through proving
actual. It is designed to measure how an awful lot of a defect and how accurate
work it is among the managers and employees of any company. It also creates a
Q3. Managers are proactively improving the employee selection process
with various strategies that will
ideally enhance corporate success. Some of these strategies focus on improving
the quality of the individuals who apply for work, as well as those individuals
who are actually hired into the organization. Other strategies target the
selection process itself and seek to improve the various activities involved in
proper hiring. The overriding theme of these efforts is that the
staffing/selection function is a key component of an organization’s strategy
because the process ideally provides highly motivated and qualified employees
who can ultimately impact the financial and operational well-being of a
company.
Hallmark Cards is one company that emphasizes selection. It recently
developed a recruiting metric called “staffing index” that enables management
to track the degree to which newly hired employees are performing as expected
on the job. A series of evaluations are conducted over time, and scores are
compared to obtain a longitudinal perspective on the quality of the hiring
decisions.
United Health Group is another organization that has improved its
selection activities with proper strategic planning and execution. The
company’s vice president of recruitment services decided to modify hiring
procedures within the organization by splitting job candidates into two basic
groups. The first group of individuals was comprised of high-level
professionals who would be recruited by internal staffing specialists, while
the second group included various staff and line personnel who would be
acquired with outsourcing contacts. This “two pronged” strategy enabled the
company to save money through increased control and efficiency.
These various strategic selection approaches enable companies to
improve the manner in which employees are hired and placed within a hierarchy
of jobs. Many other strategies could be
employed in different
employment situations to
improve the efficiency and effectiveness of selection. Overall, these efforts
should increase the degree of fit between employees and organizations and
increase the completion of strategic objectives.
a. Compare and contrast the two selection strategies used by the
organizations discussed in the case. (5
Marks)
b. What other strategies
might help organizations
better utilize and
manage selection activities? (5 Marks)
Answer 3a.
Introduction
A
recruitment approach is a crucial motion plan through which they can recruit
first-rate employees for their company. Notable organizations use unique methods
to choose their applicants. Here are two varieties of techniques mentioned
right here. One is the two-pronged
Answer 3b.
Introduction
A
recruitment approach is a crucial motion plan to recruit quality employees for
their company. One of the most vital for any business enterprise is an employee
because a worker can lead a company to significant development.
Decision science
April 2022 Examination
Question 1
Forecast the value for the
year 2016-17.
|
YEAR |
COAL
- (MILLION
TONES) |
LIGNITE - (MILLION
TONES) |
|
2010-11 |
532.7 |
37.73 |
|
2011-12 |
539.95 |
42.33 |
|
2012-13 |
556.4 |
46.45 |
|
2013-14 |
565.77 |
44.27 |
|
2014-15 |
609.18 |
48.27 |
|
2015-16 |
639.23 |
43.84 |
Ans 1.
Introduction
Exponential smoothing is a long sequence
checking method for univariate statistics that may loosen up to assist an
orderly example or infrequent element. Notable smoothing is a duration series
assessing method for univariate records. Time-series strategies like the
(field-Jenkins A.R.I.M.A.) collecting of systems domesticate a version that
predicts a weighted direct measure of past due beyond insights or slacks.
Extraordinary smoothing figuring out procedures are similar in that an
assumption is a weighted measure of beyond announcements. Be that as it can, Its Half solved only
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Question
2
Payoff table:
|
|
Favourable market |
Unfavourable market |
|
Lakshmi private limited |
55 |
26 |
|
Mehta
Group of industries |
43 |
38 |
|
Surya |
29 |
43 |
|
LT
energy |
15 |
51 |
A) Draw the decision tree.
B) If we assign the following
probabilities to the states of nature, then determine the EMV decision.
P(s1) = .4 P(s2) = .1 P(s3) =
.3 P(s4) = .2
Ans 2.
Introduction
Expecting the developments in the monetary trade costs is a moving
task because of the numerous weaknesses and elements that affect the business
area's worth on a specific day. It joins financial conditions, financial
sponsor of variables that affect the business community's well worth on a
specific day, money-associated situations, economic consumers' viewpoints
toward a specific association, political sports. In this manner, stock business
regions are best for quick transitions, causing sporadic instabilities inside
the stock rate. Financial exchange mixtures
Question 3(a). The proportion of eligible voters in the next corporation
election (in tumkur) who will vote for the incumbent is assumed to be 55%. What
is the probability that in a random sample of 500 voters less than 49% say they
will vote for the incumbent? Write your conclusion. (5 Marks)
3.b. The top-selling Amar
tire is rated 70,000 KMs, which means nothing. In fact, the distance the tires
can run until they wear out is a normally distributed random variable with a
mean of 82,000 KMs and a standard deviation of 6,400 KMs.
What is the probability
that a tire wears out before 70,000 KMs? What is the probability that a tire
lasts more than 100,000 KMs?
Note: You may use Z-table
for this.
Z-table link- Normal
Table.xls (5 Marks)
Ans 3a.
Introduction
Selecting a top administrative election committee is a challenge
most simple associations want to undergo reliably. Ensuring their directorate
has been picked, observing their neighborhood laws, and the connection with
financial backers remains wonderful using averting examined political choice
outcomes are vital duties. The board is obligated to investigate and coordinate
company
Answer 3(B).
Introduction
The regular tire can be visible as a digressed ringer twist tending
to the probability scattering of the common imply of an instructive
gallimaufry. “it is called Gaussian allocation,” which displays the nearest
data to the standard. A well-known scattering curve can be unimodal,
Business Law
April 2022 Examination
Q1. Jinen Dedhia wants to
start a business and he is exploring to start a partnership firm. However, he
requires clarity on the difference between partnerships under Partnership Act,
1932 and Limited Liability Partnership Act, 2008 to take a decision on what
kind of partnership suits his
requirement. So kindly
elucidate the difference
between the partnership under the
two separate laws. (10 Marks)
Answer 1.
Introduction
Individuals who've moved into a
connection with each other to bring about an enterprise are only called "companions";
aggregately known as a "Partnership firm," and the appellation
underneath which their corporation earnings is called the "firm
name." "A partnership company is authentically not an alternate
lawful substance plain from its humans." it is only a complete name given
to people shaping it. This way, on no account like an association with an
alternate prison Its Half solved only
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Q2.
Please give two (2) practical examples of enforcement actions against violation
of Intellectual Property Rights (IPR)
(10 Marks)
Answer 2.
Introduction
They protected innovation interfaces with any
noteworthy production of the human thoughts as imaginative, canny, unique, or
steady plan. Blanketed innovation privileges endorse the valid differences
given to the maker or maker to get his arrangement or plan for a specific
length. These certified open doors pass the organizer/maker unprecedented
freedom or lean closer to one to encompass his invention for a furnished
length. There was a quantum soar in exam and development (R & R&D)
command with a related jump in hypotheses expected to advance the
Q3. John Doe wants to draft a contract for his client where he
will provide consultancy services. Kindly help John Doe with the following
queries:
a. What are the essential elements of
contracts? (5 Marks)
b. Describe the events which make a contract,
though executed or entered into, a voidable contract? (5 Marks)
Answer 3(A).
Introduction
A comprehension among two personal social occasions
that makes absolute joint obligations. An understanding can be both oral and
formed. Regardless, oral preparations are more difficult to approve and need to
be averted, if possible. Contracts are essential for day-to-day dealings in all
pieces of life. Likewise, it is urgent to fathom the standards regulating them
to ensure a sizeable
Answer
3(B).
Introduction
The voidable settlement is an appropriate
comprehension between social affairs that can be conveyed unenforceable for
plenty felony reasons, which might also encompass:
(a) Defeat by way of one of the two players to find
a material fact
(b) A mistake, mutilation
April 2022 Examination
Q1. It is rumoured that a Chinese car brand FAW
Haima plans to enter India. The company will also be launching FAW Haima 8S, a
mid-size SUV in India. You are in charge of Mahindra & Mahindra SUV
division. Suggest 5 innovative ideas to source information about your Competitor FAW Haima so that your
company is better prepared to take on this new challenge. (Please assume that
Covid-19 pandemic is over). (10 Marks)
Answer 1.
Introduction
Innovation may additionally help a company
increase its marketplace share. An employer's innovative new product is quickly
snapped up by using keen clients even though they formerly bought it at a
competitor. As a result, the company's market share grows simultaneously as the
percentage of the agency they left shrinks. Making switching from a
competitor's product more difficult while a higher price comes along may assist
companies in preserving their modern-day market share. Income growth when
customers who are satisfied with a company's product Its Half solved only
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Q2. L1 technologies,
a US
based Defence contractor wishes to enter India. Conduct a PESTLE analysis for L1 technologies in
India & suggest whether L1 technologies should enter India or otherwise.
(Please assume that Covid-19 pandemic is over). (10 Marks)
Answer 2.
Introduction
PESTEL, a business tool, analyses the outside environment
and its effect on the corporate environment. Elements together with the ones in
PESTEL consist of authority’s coverage, the economy, society, technology, and
the natural environment. The PESTEL evaluation approach is utilized in India's
business environment to look at these macro-environmental variables. Businesses
in India use such software to attract buyers and multinational firms and secure
long-
Q3. You
are the Head-Manufacturing of Tata Steel. You are planning to set up a
brand-new Manufacturing plant at a village in rural Karnataka.
a. Perform
a Stakeholder analysis & suggest which all stakeholders will be taken into
confidence & also what would be your communications approach plan to bring
them into your point of view? (Please assume that Covid-19 pandemic is
over). (5 Marks)
b. Highlight
some of the creative & innovative initiatives that you would undertake to
convince the stakeholders that you mean to do good for all the stakeholders. (Please assume that Covid-19 pandemic is
over). (5 Marks)
Answer 3a.
Introduction
Stakeholders refer to all individuals and agencies interior a
company concerned in or affected by a project. To understand who the major
stakeholders are, what level of involvement, interest, and impact every
organization has, and how high-quality to interact with each of them, a
stakeholder
Answer
3b.
Introduction
several innovation tasks have collapsed in advance because the
Sponsor of the innovation instruct failed to become aware of, consult, and
encompass crucial stakeholders early enough. A task that has deviated from the
core business model's strategic alignment won't be terminated right away if
stakeholders aren't constantly controlled, ensuing in the lack of valuable
time,
April 2022 Examination
Q1. Discuss the various inventory
management/control techniques prevalent in the industry. Discuss how some of
these techniques would be applicable to a retail store in the FMCG sector for
effective management of their inventories; i.e soaps, household supplies, etc.
(you can assume inventories of your choice to explain). (10
Marks)
Answer 1.
Introduction
Inventory
management offers the management and motion of inventories. Inventories,
additionally referred to as shares, are tracked, recorded, labeled, analyzed,
interpreted, and managed effectively. Like accounting offers with the figures
and calculations of numbers, inventories deal with the procurement and measures
of stocks. There are various strategies for coping with shops. Relying on the
industries and the control requirement, inventory control and control
procedures are adopted. Out of many stock systems, the maximum not unusual are
FIFO, Its Half solved only
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Q2. List and explain
in brief the
various types of
plant layout concepts
in operations management,
highlighting the objective, considerations of a good layout design. Give
examples on where each of these types can be employed respectively. Briefly
explain a layout for a Banking branch operations (mention the type of layout
applicable). (10 Marks)
Answer 2.
Introduction
Plant layout is a strategy for using
assets for production products, selecting well-functioning and possible
machines, substances, humans, and many others within the floor space. It is a
complicated idea involving fields like engineering, business control,
designing, etc., which contains lots of technicalities and complexities.
Managers worldwide have felt that it is better to start developing the layout
after the area for the plant is selected. Once the format is prepared, the
building must be constructed according to the plan set. The plant format has
precise goals
Question 3.
Assume you are a part of the Operations team in an automobile manufacturing
setup. You are also working in coordination with other departments. Discuss the
following aspects of the operations of your organization
a. Define Quality & list and discuss in brief the
various dimensions of quality in operations (5 Marks)
b. Discuss the concept of EOQ in brief. Using the data
below, find EOQ, and the reorder point. Annual Demand: 15,000 units; Weeks
Operating: 50 weeks/year; Ordering Costs: Rs. 60/order & Holding Costs: Rs.
7/unit/year; Lead-Time: 5 weeks & Safety Stock: 250 units (5 Marks)
Answer 3a.
Introduction
EOQ (Economic Order amount) is defined
as an employer's amount to optimize its earnings and sale. EOQ reduces the
value of conserving, sporting, and calling to a far larger quantity, booking
income within the baggage of the corporation. EOQ follows optimistic
assumptions, and its implications are limited. This system yields high-quality
results in which ordering and holding
Answer
3b.
Introduction
The annual demand is 15,000 devices
consistent with annum, and the employer works 50 weeks out of 52 weeks in a
year. Also, the ordering fee is Rs 60 in step with the order. The holding cost,
i.e., carrying an inventory in godown, is Rs 7 in keeping with the unit in line
with the annum, and
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