Business Communication
September 2023 Examination
Q1. Many organizations have changed to traditional form of interviews and are using different interview styles for acquiring the best human resource is the most cost and time efficient manner. Highlight any four such different styles of the interview with suitable examples.
Ans :
Introduction:
Interviews play a vital position in the hiring method for organizations. Traditionally, interviews have followed a standardized layout. However, in latest years, organizations have begun adopting exclusive interview styles to find exceptional human resources in an extra valuable and time-green way. This alternative interview style recognition on the candidate’s skills, experience, and personality, allowing employers to make informed hiring choices.
The traditional interview layout, although reliable, might also be most effective now and again to provide a complete understanding of a candidate’s abilities and capacity.
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Q2. “In India, the public has become a force to be reckoned with. Thus, it is important for organizations to focus on developing business rapport and most importantly PR.” Explain in detail the above statement, giving examples of organizations that give importance to PR activities. (10 marks)
Ans :
Introduction:
In recent years, India has witnessed a full-size shift in the power dynamics between the public and companies. With the appearance of social media and multiplied connectivity, the Indian public has emerged as an impressive pressure that can’t be noted. This alteration has necessitated organizations to pay close interest to develop business rapport and, greater importantly, invest in influential public members of the family (PR) techniques. This essay will delve into the idea and alertness of PR, providing examples of corporations spotting the importance of PR sports in India’s evolving enterprise landscape.
Q3. The managers of Procter & Gamble (P&G) are highly trained professionals. They work under heavy time pressures and tight deadlines. As a result of this, the managers were not listening effectively to customers and co-workers.
LEAD Group – To improve the listening skills of the employees and managers, the Research and Development (R&D) department conducted a programme for middle managers and technical leaders. A group ‘Leaders Effect. A Difference (LEAD) was formed to attend that programme. The objective of the LEAD group was to increase innovation and build lasting relationships to increase long-term networking.
The participants of the LEAD group could obtain the following benefits:
- Recognize the complexities of work issues.
- Accept the senior management expectation.
- Recognize the importance of helping others to solve their work issues.
The program for a LEAD groups begins with a 45-minute introduction to LEAD process and is followed by building in-depth listening skills. Listening is the main point of coaching: hence it plays a critical role in developing coaching. The lead group was structured into groups of six persons. Participants were asked to play the role of helper and observer. Each member of group was assigned the role of seeker for one of the six LEAD sessions. The seeker was assigned the role of practicing the skills of helping others on work issues. The helper was assigned the role of practicing listening and training skills with the aim of assisting the seeker to think, feel, and plan.
Over time, the LEAD group program was effective in motivating listening skills of managers. The LEAD group approach met the business need for improved coaching by managers and was successful in establishing communication with broader network of employees.
Q3 A. Give the reason which made the managers ineffective listeners? State 4 key pointers that help managers in an organization to be good listeners. (5 marks)
Ans :
Introduction:
The managers at Procter & Gamble (P&G) were recognized as vain listeners because of numerous elements due to their artwork environment and pressures.
Concept & application:
The subsequent are four important guidelines that can help managers in a corporation to be actual listeners:
- Time Management and Prioritization:
Managers regularly work below heavy time pressures and tight closing dates, which is essential to a tendency to hurry via conversations and conferences. This time constraint can save you effective listening as managers can also interest greater in finishing duties quickly in
Q3 B. What are the benefits of LEAD group program to the participants? Discuss the importance of listening. (5 marks)
Ans :
Introduction:
Benefits of the LEAD organization program to participants:
The LEAD institution application offers several benefits to the participants, specifically center managers and technical leaders at Procter & Gamble (P&G). These blessings purpose to improve their listening skills, increase innovation, and construct lasting relationships to enhance long-term networking. Allow us to explore the benefits in detail:
Essentials of Financial Accounting
September 2023 Examination
1) Drashti is learning about Accounting as one of the course in her graduation year. She wants to relate it business organization. She wants to know about the advantages and limitations of accounting an organization can have if they adopt accounting. List down five advantages and five limitations of accounting. (10 marks)
Ans:
Introduction
Accounting is a fundamental aspect of any business organization, serving as the language of financial information. It provides a scientific framework for recording, summarizing, and analyzing economic transactions and sports. Drashti’s decision to learn about accounting as a part of her graduation yr is commendable because it equips her with crucial expertise and skills that will advantage her in various professional settings.
Accounting is crucial in business organizations, serving as the spine of financial control and selection-making processes. By adopting accounting practices, organizations can gain several
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2) From the following balances you are required to prepare trial balance. (10marks)
Capital 18200
Debtors 5400
Creditors 2800
Machinery 7000
Wages 10000
Purchases 19000
Opening Stock 4000
Bank Balance 3000
Carriage Outwards 300
Salaries 400
Rent and taxes 900
Sales 29000
Break up
Define the term trial balance and limitations of a trial balance. (2+2marks)
Preparing the correct trial balance taking the above mentioned details (6marks)
Ans:
Trial Balance:
A trial balance is a statement that lists all the ledger account balances of a business at a particular point in time. It is prepared to check the accounting records’ accuracy and ensure that the debits and credits are identical. The trial balance includes all debts, such as property, liabilities, equity, sales, and costs. It serves as the foundation for the training of monetary statements.
Concept of Trial balance:
The trial stability concept is based on the fundamental principle of double-access bookkeeping,
3) Following are the particulars for Pradeep tyres Ltd
| date | Particulars | Amount Rs |
| 1-Jan | capital introduced in the business via transfer from personal saving bank account | 200000 |
| 2-Jan | paid from bank account the commission charges for giving business leads | 1500 |
| 3-Jan | municipal taxes paid for the business property | 3000 |
| 4-Jan | Service revenue received in the bank account directly from the customer | 150000 |
- Define the term journal. Discuss the necessary steps of journalizing (2+3 marks)
Ans:
Introduction:
A journal is a chronological report of all economic transactions of a business. It is the initial step in the accounting process, where transactions are recorded systematically and organized. The journal offers a whole audit path and forms the muse for preparing financial statements.
Concept & Application:
- Define the term accounting equation and pass journal entries for the below mentioned. (1+4 marks)
Ans:
Introduction to Accounting Equation:
Accounting is the language of business. It allows us to file, examine, and communicate financial records approximately a company’s economic sports. The accounting equation is at the heart of accounting, which serves as the fundamental framework for recording and balancing financial transactions.
Essentials of IT
September 2023 Examination
Q 1. You are given a dataset containing information about a company’s sales of different products in different regions. The dataset includes the following columns:
- Product Category: The category of the product sold.
- Product Name: The name of the product sold.
Region: The region where the product was sold.
Sales Amount: The amount of sales in INR The dataset is as follows :
| Product Category | Product Name | Region | Sales Amount |
| Electronics | Laptop | North | $10,000 |
| Electronics | Smartphone | South | $15,000 |
| Clothing | T-Shirt | North | $5,000 |
| Clothing | Jeans | South | $8,000 |
| Furniture | Sofa | North | $12,000 |
| Furniture | Table | South | $6,000 |
| Electronics | Tablet | North | $7,000 |
| Clothing | Dress | South | $10,000 |
| Furniture | Chair | North | $9,000 |
| Electronics | TV | South | $20,000 |
Using the dataset provided above, answer the following questions using pivot tables in
Microsoft Excel: – (10 marks)
- What is the total sales amount for each product category?
- Which region had the highest sales amount?
- What is the total sales amount for each product name across all regions?
- Which product category had the highest sales amount?
- What is the average sales amount for each product category in each region?
Ans 1.
Introduction
A pivot desk can be defined as a summary device that wraps up or summarizes records sourced from larger tables. Those more oversized tables will be an Excel spreadsheet, a database, or any data that might be transformed into a desk-like form. The statistics summarized in a pivot desk include sums, averages, or other statistics that the desk institution collectively meaningfully.
The call “pivot table” provides quite an excellent clue as to their position and importance in analysis; the dictionary definition of a pivot is a valuable pin, point, or shaft on which a
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Q2. Use an appropriate form of chart to display the data presented below. What is the importance of using visualizations to interpret data? Explain any five kinds of charts and the best scenarios under which they are used with examples. (10 marks)
| Region | Oct Sales | Nov Sales | Dec Sales |
| North | 2400 | 2342 | 2532 |
| East | 1850 | 1760 | 1634 |
| West | 1240 | 1430 | 1900 |
| South | 1100 | 1452 | 1450 |
| Central | 1309 | 1480 | 1560 |
Ans 2.
Introduction
People usually use “charts” and “graphs” to explain the most prominent family of visualizations. They’ll pick out the time primarily based on an educational convention. Or due to the fact they see the distinction among them as crucial. Sometimes the terms supplement each other. Regularly they’re synonymous. And in many instances, humans use them to make minor distinctions between various visualizations.
Charts show numerous kinds of evaluation in a visible layout: comparison, courting, composition, and distribution. No charts inform a comparable tale. Consider the statistics you
Q3 a.
|
Product |
Sales
Q1 |
Sales
Q2 |
Sales
Q3 |
Sales Q4 |
| A | 10,000 | 8,000 | 12,000 | 15,000 |
| B | 12,000 | 14,000 | 16,000 | 18,000 |
| C | 6,000 | 7,000 | 8,000 | 10,000 |
| D | 20,000 | 18,000 | 22,000 | 25,000 |
| E | 8,000 | 10,000 | 12,000 | 14,000 |
Use the data provided above to answer the questions that follow.
- Create a conditional formatting rule highlighting cells in Sales Q1 with a value less than $7,500. (1 mark)
- Create a conditional formatting rule highlighting any Sales Q3 cell valued over $20,000. (1 mark)
- Use the colour scale option and highlight Sales Q2. What does this indicate? (1 mark)
- Explain the difference between SUM(), SUMIF() and SUMIFS() with an example (2 marks)
Ans 3a.
Introduction
Conditional formatting in Excel is a device that applies formatting on your facts relying on the dependent regulations you lay out.
It can be used in numerous methods, visualizing your statistics and checking for particular information. Moreover, it’s a superb way to highlight top values or differences in your
Q 3b. Write a note on Database Languages that are used to perform different types of operations on an existing database (5 marks)
Ans 3b.
Introduction
The data Definition Language specifies the database schema and the data Manipulation Language is applied for updating and reading the database. These languages are called data sub-languages as they do now not encompass constructs for computational necessities.
Essentials of Management
September 2023 Examination
Q1. Post Covid, the situation across the business world has changed with everything becoming more dynamic. Mr. Rajeev Verma, CEO Timeless Quartz who has always been a transactional leader, has recently heard about situational leadership as the best way forward today. As a leadership Consultant can you guide him on the same. (10 Marks)
Ans:
Introduction:
Within the wake of the Covid-19 pandemic, business globally has entirely transformed. The disaster has uncovered the vulnerabilities of traditional leadership styles and highlighted the need for adaptability and agility. As organizations strive to navigate remarkably demanding situations and uncertainties, leaders find new techniques to guide their teams effectively. Mr. Rajeev Verma, the CEO of Undying Quartz, is one such leader who recognizes the want for trade in his leadership style. Having constantly been a transactional chief, he has recently grown aware of situational leadership as an ability to answer to the dynamic business landscape. As a leadership
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Q2. Blue tonic synthetics plans to change its organizational structure from Line and staff which it had pre covid to a more robust one. Most people are suggesting matrix model but the management is clueless about the same. As a consultant of management, can you guide them on the same? (10 Marks)
Ans:
Introduction:
Organizational shape plays a crucial role in determining the success and efficiency of a company. It defines how responsibilities are divided, coordinated, and managed inside an employer. Like many other companies, Blue Tonic Synthetics is contemplating a trade in its organizational structure. Previously, it operated under a Line and personnel model, which may have served its purpose adequately before the COVID-19 pandemic. But in the face of recent challenges and changing business dynamics, the employer seeks a more robust shape to decorate
Q3. Luxor Pens has recently been taken over by Reynolds Pens and this is a major cultural change for them. They have hired you as their change consultant
- Can you guide them about the process of Change? (5 Marks)
Ans:
Navigating Change: A Comprehensive Guide for Luxor Pens
Introduction:
Change is an inevitable issue of organizational growth and survival. Luxor Pens’ latest acquisition by Reynolds Pens marks a considerable cultural shift for the organization, requiring a structured and well-performed trade management process. As a trade consultant, I’m here to guide Luxor Pens through this transformative journey and help maximize the capability
- Also, can you explain Kurt Lewin’s model of change to them? (5 Marks)
Ans:
Introduction:
Change is an inevitable part of organizational growth and development. Companies should constantly adapt to stay aggressive and thrive in dynamic business environments. Luxor Pens, a renowned industry brand, has recently undergone a giant cultural trade via its acquisition by Reynolds Pens. As a trade consultant, I guide Luxor Pens via this transitional segment, ensuring
Micro Economics
September 2023 Examination
- Complete the hypothetical table below and explain the various stages of law of variable proportion in short run. (10 Marks)
| Quantity | Total Product | Average Product | Marginal product |
| 1
2 3 4 5 6 |
10
30 48 56 56 52 |
Ans:
Introduction:
Variable Proportions, also called the law of Diminishing Returns, is an essential economic concept that explains the relationship between enter portions and output degrees within the brief run. It provides insights into how input changes affect manufacturing and highlights the restrictions of growing inputs beyond a certain point.
In the short run, firms often function with at least one fixed input, such as capital or device, while adjusting the amount of a variable entered, generally labor. The regulation of Variable Proportions explores the effect of varying the quantity of the variable entry even as preserving
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- Demand and Supply plays a vital role in the market. Describe any four factors/determinants each that effects demand and supply. (10 Marks)
Ans:
Introduction:
Demand and supply are essential economic standards in figuring out prices, quantities, and regular market dynamics. Demand refers to the amount of a service or product that purchasers can purchase at a given price. At the same time, delivery represents the amount of a product or service producers can provide at a given price. Various factors or determinants affect demand and supply, shaping the equilibrium rate and amount in the market. This essay will discuss four factors affecting demand and supply, highlighting their significance and effect.
- a. Explain the types of elasticity of demand. Calculate elasticity of demand for the following data. (5 Marks)
| Price of Apple (Rs.) | Quantity demanded (KGs) |
| 20 | 100 |
| 21 | 96 |
Ans:
Introduction:
The elasticity of demand is an essential concept in economics that measures the responsiveness of quantity demanded to changes in charge. It helps us understand how sensitive clients are to price fluctuations and how it impacts their shopping behavior. Through analyzing the elasticity of demand, economists and businesses could make informed selections regarding pricing
- Elaborate Individual Demand, Market Demand and Derived Demand and cite an example to enumerate these types of demand. (5 Marks)
Ans:
Introduction:
Demand is a fundamental concept in economics that refers to the desire or willingness of customers to buy goods and services at a given price and within a selected period. It performs a critical function in determining the quantity of a product or service offered inside the market. Demand may be analyzed at exclusive degrees: character, marketplace, and derived demand.
Organizational Behavior
September 2023 Examination
Q1. Rachel is working as AVP HR in a multinational IT giant. She always strives for excellence, both in her profession as well as on personal front. Her performance is rated par excellence and she sets a live example for her subordinates. She leaves no stones unturned for achieving perfection in the task at hand. Based on the McClelland’s Motivation Theory, elaborate what is the main defining need in this scenario? Also, discuss other two needs in brief with example. (10 marks)
Ans:
Introduction:
In the corporate world, individuals often exhibit varying motivation and drive to excel in their roles. McClelland’s Motivation theory is a prominent theory that helps us understand the underlying needs that motivate individuals. Developed by David McClelland, this theory proposes that individuals are primarily encouraged by using three distinct markets:
- The need for achievement (nach)
- The need for affiliation (nAff)
- The need for power (now)
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Q2. A small business owner is experiencing challenges with employee productivity and morale. The business owner is considering changing their leadership style to improve the situation. However, the owner is unsure which leadership style is best suited for their organization.
As a consultant, explain to the business owner the differences between democratic and autocratic leadership styles, and recommend which style would be most effective in their situation. (10 Marks)
Ans:
Introduction:
As a small business owner, you are aware of the importance of employee productivity and morale in driving the success of your organization. When faced with challenges in these areas, evaluating your leadership style and considering adjusting to address the underlying issues is crucial. How you lead your crew significantly impacts their motivation, engagement, and overall satisfaction.
In this consultation, we will discover contrasting leadership styles: democratic and autocratic. Each type has its distinct characteristics, benefits, and challenges. By knowledge these
Q3 Adam is a 7-year-old boy who loves playing soccer. He recently started attending a soccer camp where he practices his skills with other children. One day, he notices that a fellow camper, Ethan, is particularly skilled at dribbling the ball. Adam watches Ethan closely, paying attention to his movements and technique. Over the course of the week, Adam starts imitating Ethan’s moves and practicing them on his own. Eventually, Adam becomes much better at dribbling than he was before attending the camp.
- a) Using Social Learning Theory, explain how Adam’s behavior and skill development can be explained by the theory’s concepts of attention, retention, reproduction, and motivation. Additionally, discuss how Adam’s experience at the soccer camp can be used to illustrate the effectiveness of modeling and reinforcement in learning and behavior change. (5 Marks)
Ans:
Introduction:
Social learning theory, proposed by psychologist Albert Bandura, emphasizes the role of observation and modeling in acquiring new behaviors. According to this theory, individuals examine by observing others’ actions, retaining the information in memory, reproducing the behavior, and being motivated to perform it. Adam’s experience at the soccer camp provides a
- b) Also, discuss the how the three elements of self -theory impact Adam’s view about himself (5 Marks)
Ans:
Introduction:
Adam, a 7-year-old boy, has a deep passion for playing soccer. He attends a soccer camp where he can practice and refine his skills alongside other children. While on the base, he encounters Ethan, another camper who stands proud due to his exceptional dribbling abilities. This sparks a transformative journey for Adam as he observes Ethan closely, imitates his moves, and
Business Statistics for Decision Making
September 2023 Examination
Q1. Data can be majorly classified into two categories, which can be further classified into sub groups. Briefly explain the types of data that are used in Business Decision Making.
Ans :
Introduction:
Statistics performs an essential position in cutting-edge business choice-making methods. It gives precious insights and information that allow companies to make informed picks and techniques. In business information, statistics can be categorized into qualitative records and quantitative facts. Those classes may be, in addition, broken down into subgroups with precise traits and applications. This essay will discover the types of records used in business selection-making, discussing their standards, applications, and significance.
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Q2. Frequency Distribution is one of the ways of data representation. With reference to this explain frequency distribution with a suitable example. (10 marks)
Ans :
Introduction:
Frequency distribution is a statistical tool used to arrange and summarize facts meaningfully. It involves counting the wide variety of occurrences of every data point or range of values within a dataset. By showing the frequency of different weights or levels, frequency distributions offer a clear picture of the distribution and patterns inside the information. This record is essential for selection-making processes in various fields, which include enterprise, finance, healthcare, and social sciences. In this article, we can delve into frequency distribution and its application in decision-making and provide a suitable instance to illustrate
Q3.A) Measures of Central Tendency try to represent the Central most value of a Data Set. Suppose that you are conducting a market research in which you have captured both qualitative and quantitative data. You are suspecting that the quantitative data may have some outliers. In this context identify the correct measure of central tendency to be used for qualitative data, quantitative data and state how will you identify outliers in the quantitative data (5 marks)
Ans :
Introduction:
In business, decision-making plays a crucial role in determining the achievement or failure of an employer. One of the vital additives of choice-making is market research, which involves gathering and analyzing records to gain insights into patron behavior, options, and market developments. These records can be qualitative and quantitative, providing particular kinds of
Q3.B) Suppose in the same market survey, you have captured both grouped and ungrouped data. With reference to, the concepts of central tendency explain how will you treat Grouped and Ungrouped Data. (5 marks)
Ans ;
Introduction:
In business records, records play an essential function in decision-making processes. It presents treasured insights into various elements of a business, allowing managers and decision-makers to make knowledgeable selections. Common forms can be encountered when studying information: grouped and ungrouped statistics. Each record kind calls for
Design Thinking
September 2023 Examination
Q1. You have been given the responsibility to regain the trust of consumers for a financial service provider company called MLP. List down (in detail) the step wise process that shows how will design thinking help financial service provider MLP regain consumer trust? (10 marks)
Ans :
Introduction
Regaining customer trust is essential for any financial service provider, and MLP is no exception. Believe is the foundation of any successful commercial enterprise dating and performs a fair massive role within the economic enterprise. The fallout from beyond financial crises, scandals, and unethical practices has eroded purchaser trust in monetary institutions. MLP should adopt a modern and client-centric approach, including layout wondering, to repair confidence and loyalty.
Design thinking is a human-centered and iterative hassle-solving process that includes
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Q2. Being the marketing head of a famous food chain company, “SMR”, needs to have a comprehensive study of their customer segmentation in order to innovate a new service called “Food at your door step”. What will be the research plan you will create for this purpose? (10 Marks)
Ans :
Customer Segmentation for “Food at Your Doorstep” Service
Introduction:
Because the advertising head of SMR, a well-known food chain company, it’s crucial to conduct a complete examination of purchaser segmentation to explain the development and implementation of a new carrier called “meals at your doorstep.” This study’s plan provides a roadmap for the target audience’s needs, alternatives, and behaviors. Via gaining insights into consumer segmentation, SMR can create customized and powerful advertising strategies, beautify consumer satisfaction, and drive a business boom.
Q3. The income of a supermarket chain, Star Bazaar, has been declining for the past six months. Star Bazaar has branches across the main metropolitan cities in India but no e-commerce facility. They now have competitors from neighbourhood branches and an increasing number of e-commerce stores. Their customer segment is customers aged between 18 – 45 years with adequate technical skills and who enjoy variety, choice and value for money. Star Bazaar is therefore finding it difficult to retain customers and build loyalty. The head of the organization has started a project and appointed you as a consultant to improve the current branch experience and develop a new online mode that will enable e-commerce sales.
- You have been asked to help them better empathize and understand their customers. What are the deliverables you will produce to document this understanding? Describe the content and purpose of these deliverables with short examples. (5 Marks)
Ans :
Introduction:
To file the understanding of Star Bazaar’s customers and help them higher empathize, I would produce the following deliverables:
- Customer Persona Profiles:
Customer personality profiles describe fictional, representative customers who align with the target demographic. These profiles help the business enterprise visualize and apprehend
- Once you have developed a thorough customer understanding, you are expected to present insights and come up with a problem statement for the entrepreneur to approve. Provide the problem statement with supporting insights. (5 Marks)
Ans :
Introduction:
Celebrity Bazaar, a well-established grocery store chain with branches across principal metropolitan cities in India, faces challenges due to declining profits over the last six months. The company needs assistance to preserve customers and construct loyalty in the face of growing opposition from neighborhood branches and the growing presence of e-commerce
Environment and Disaster Management
September 2023 Examination
Q.1) India’s Earthquake Monitoring System, part of Ministry of Earth Sciences, Govt of India observes unusual seismic readings in one of its observation stations in Guwahati city, capital of Assam which spells of an impending likelihood of an Earthquake in that city region. You are in charge of NDRF (National Disaster Response Force). Suggest various modern disaster management steps to help the entire region better prepare for the onslaught of the earthquake. (10 marks)
Ans:
Introduction:
Earthquakes are natural disasters that could cause significant destruction and loss of existence. Regions prone to seismic activity ought to have adequate disaster management strategies. In this scenario, where unusual seismic readings in Guwahati town, the capital of Assam, suggest the probability of a drawing close earthquake, the national disaster response force (NDRF) needs to take proactive steps to help the whole location higher put together the capacity onslaught. This article will discuss diverse modern disaster management steps that can be implemented to ensure the protection and resilience of the vicinity It is only half solved
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Q.2) India’s financial capital Mumbai has faced a Noise Pollution Index of 110-115db which is rated as “severe” category. As an external consultant to Mumbai’s Brihanmumbai Municipal Corporation (BMC) Authority, suggest 5 innovative solutions to solve the “Noise pollution” issue. Please make sure that the solutions proposed by you must be concrete in nature & must have the capacity of creating long-term benefits to the residents & the visitors of the city. (10 marks)
Ans:
Introduction:
Noise pollution has become a significant issue in India’s financial capital, Mumbai, with a Noise Pollution Index rating reaching a severe class of 110-115 decibels (dB). The detrimental outcomes of immoderate noise on human fitness and well-being can not be understated. It can lead to stress, sleep disturbances, hearing impairment, and decreased quality of life. Spotting the urgency of the situation, the Brihanmumbai Municipal Corporation (BMC) Authority has sought innovative answers to tackle this difficulty and create long-term benefits for the citizens and site visitors of the city. In this capacity, I present five concrete and creative solutions to mitigate
Q.3) You have decided to make your Office/Industry/Factory premise a better place through sustainable use of resources & green initiatives.
- A) Suggest 2 innovative green initiatives to make your Office/Industry/Factory premise a “green hub”. (5 marks)
Ans:
Introduction:
Creating a sustainable and eco-friendly workplace has become a widespread priority for organizations worldwide. As the focus on environmental issues grows, corporations ought to adopt green initiatives that benefit the planet and beautify their popularity and productivity. By remodeling our workplace/industry/factory premises into a green hub, we can showcase our
- B) Suggest 2 innovative ideas which can help in better utilization of resources such as Water & Electricity to make your Office/Industry/Factory premise a “responsible hub”. (5 marks)
Ans:
Introduction:
Sustainable practices and environmental duty have gained attention in recent years. As an accountable entity, it is critical for a workplace, industry, or factory premise to adopt green initiatives and focus on efficiently utilizing resources.
Concept & Application:
Introduction to Analytics
September 2023 Examination
- Big Data refers to an ever-growing volume of structured and unstructured information of various formats belonging to the same context. The main properties of this technology are volume, velocity, variety, value, and veracity. Data sets from multiple sources exceed our usual information processing systems management. However, major companies are already using Big Data to meet non-standard business challenges. In such light, explain the different characteristics of Big Data and how retailers can use Big Data analytics for improved customer experience. Give an example to support your viewpoint (10 Marks)
Ans :
Introduction:
Significant facts refer back to the tremendous and diverse statistics that can be too complex and large to manage and analyze using traditional information processing methods effectively. It encompasses based and unstructured data from various assets and codecs. The key traits of massive statistics are frequently summarized using the “5Vs” framework: volume, speed, variety, value, and integrity.
The quantity component of significant facts refers to the massive amount of records generated and amassed from various assets with social media, sensors, gadgets, and
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- Sports over the years have become highly competitive — today, the scenarios are so intense that a minute can completely flip the course of a game. And to stay one step ahead of their rivals, sports teams are opting to use analytics. And it is not only because of the competitive pressure but also because of fans who seek detailed information about players, their performance and why the team won or lost. Select a sport of your choice and explain how sports analytics (descriptive, predictive, diagnostic and prescriptive) is used in that sport. (10 Marks)
Ans:
The Impact of Sports Analytics: A Comprehensive Analysis in [Sport of Choice]
Introduction:
In the ever-evolving global of sports, competition has reached unprecedented depth levels. Teams constantly seek new methods to gain a competitive aspect over their competitors, both on and rancid the sphere. One such method that has received massive traction recently is sports activities analytics. By employing diverse analytical techniques, groups can extract valuable insights from considerable information, improving their choice-making processes and overall performance. In this discussion, we can discover the application of sports activities analytics, such as descriptive, predictive, diagnostic, and prescriptive analytics, in
- Consumers evaluate products through online reviews in addition to sharing their product experiences. Online reviews affect product marketing, and companies use them to investigate consumer attitudes and perceptions of their products. Cosmetic companies use text analytics to understand where they excel, where they can improve, and what others are doing. Increasing environmental awareness among societies is motivating consumers to use green cosmetic products. Green skincare products are the fastest-growing sector worldwide compared with other green cosmetic products. However, India’s market share of green cosmetic products is relatively low compared with available cosmetic products. The cosmetic industry is looking at ways to improve the customer experience while purchasing green cosmetics to increase sales.
- Explain the different stages in the text mining process. (5 Marks)
Ans :
Introduction:
Textual content mining is a process that entails extracting beneficial information and information from significant volumes of textual information. It is a subfield of data mining and herbal language processing (NLP) that analyzes unstructured textual content to discover styles, relationships, and insights. Within the context of the beauty enterprise, text mining can
- How can the green cosmetic industry use sentiment analysis to improve its business? What are the benefits they derive from using sentiment analysis? (5 Marks)
Ans :
Introduction:
In today’s virtual age, patron critiques and experiences considerably impact product marketing and business decisions. The upward push of online reviews and social media structures has given customers an influential voice to specific their minds and sentiments approximately services and products. This trend has not long gone unnoticed by the beauty
Macro Economics
September 2023 Examination
- Fiscal policy is the most powerful tool of achieving macroeconomic goals. Do you agree with this statement? Give reasons to support your answer (10 Marks)
Ans:
Introduction:
Economic coverage refers to using government spending and taxation to steer an economy’s ordinary health and overall performance. It is an essential tool governments use to attain macroeconomic goals, such as promoting economic increase, lowering unemployment, controlling inflation, and ensuring balance. But whether the financial policy is, the most powerful tool for accomplishing those dreams is arguable. In this essay, we can examine the concept and application of economic policy and explore its effectiveness in achieving macroeconomicIt is only half solved
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- How does the addition of the government sector to the two sector model change the structure of the model and of the circular flows (10 Marks)
Ans:
Introduction:
The 2-zone model of the economy, also known as the circular flow model, provides a simplified representation of economic activities related to families and corporations. But the government region plays a vital role within the financial system by implementing policies, collecting taxes, and supplying public goods and services. In this essay, we will explore how the addition of the authorities region alters the shape of the version and the circular flows.
Concept & application:
The two-sector model accommodates the main actors: families and corporations. Households
- a. From the following data, calculate National Income (5 Marks)
| Items | Rs (in crores) |
| Private Final Consumption Expenditure | 2000 |
| Government Final Consumption Expenditure | 1000 |
| Net Domestic Capital Information | 800 |
| Net Exports | -20 |
| Net Factor Income from Abroad | -10 |
| Net Indirect taxes | 370 |
Ans:
To calculate the national income, we need to apply the Expenditure approach, which involves summing up all the additives of expenditure in a financial system. The components for calculating national income the use of the Expenditure method are as follows:
National Income = Private Final Consumption Expenditure + Government Final Consumption
- Relationship between inflation and unemployment (5 Marks)
Ans:
Introduction:
The connection between inflation and unemployment has been a topic of outstanding interest and debate among economists for many years. These two macroeconomic variables are interconnected and regularly impact every different in complex ways. Understanding the relationship between inflation and unemployment is crucial for policymakers and primary banks
Operations Research
September 2023 Examination
- Consider the transportation problem presented in the following table:
D1 D2 D3 D4 Supply
S1 19 30 50 10 7
S2 70 30 40 60 9
S3 40 8 70 20 18
Demand 5 8 7 14
Find an initial feasible solution using Vogel’s Approximation method (VAM), also find the optimal solution using the stepping-stone method. (10 marks)
Ans:
I can explain the concepts of Vogel’s Approximation method (VAM) and the Stepping-Stone technique for solving transportation problems and walk you through the steps to find an initial feasible and optimum answer for the given transportation problem.
Transportation problem:
The transportation problem involves optimizing the allocation of goods from a set of resources to a group of destinations. Each supply has a constrained supply, and each destination has a specific demand. The objective is to minimize transportation costs while satisfying all supply and
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- Consider the transportation problem with plant source and warehouse distribution presented in the following table:
| Source | WH1 | WH2 | WH3 | WH4 | Supply | ||||
| P1 | 19 | 30 | 50 | 12 | 7 | ||||
| P2 | 70 | 30 | 40 | 60 | 10 | ||||
| P3 | 40 | 10 | 60 | 20 | 18 | ||||
| Requirement 5 | 8 | 7 | 15 | ||||||
Find an initial feasible solution using the Northwest corner method and Least cost method, and also find the optimal solution using Modified Distribution (MODI) method. (10 marks)
Ans:
Introduction:
Transportation trouble is essential for optimization in supply chain management and logistics. It includes determining the most appropriate allocation of products from several assets (such as plants or factories) to various destinations (which provide warehouses or outlets) while minimizing transportation charges. The problem is characterized by constraints on the delivery and demand quantities and aims to find the most efficient distribution plan.
In this situation, we are offered a transportation hassle involving plant sources and warehouse distribution. The problem is represented in a table, where each row represents a plant (P1, P2,
- A small project consisting of eight activities has the following characteristics:
| Time- Estimates (in weeks) Activity | Preceding activity | Most optimistic time (a) | Most likely time (m) | Most pessimistic time (b) |
| A | None | 2 | 4 | 12 |
| B | None | 10 | 12 | 26 |
| C | A | 8 | 9 | 10 |
| D | A | 10 | 15 | 20 |
| E | A | 7 | 7.5 | 11 |
| F | B,C | 9 | 9 | 9 |
| G | D | 3 | 3.5 | 7 |
| H | E,F,G | 5 | 5 | 5 |
- a) Prepare the activity schedule for the project and determine the critical path. (5 marks)
Ans:
To prepare the activity timetable for the venture and decide the critical path, we want to calculate the earliest beginning time (ES), earliest finish time (EF), latest start time (LS), and latest finish time (LF) for each activity.
Let’s start by organizing the given information:
- b) Suppose a 30-week deadline is imposed, what is the probability that the project will be finished within the time limit? Also, if the project manager wants to be 99% sure that the project is completed on the scheduled date, how many weeks before that date should he start the project work? (5 marks)
Ans:
To calculate the chance that the project may be finished within the time limit, we can use this system evaluation and review technique (PERT). PERT lets us estimate the project length and determine the probability of completing the challenge within a deadline.
First, we need to calculate the expected time (TE) and variance (V) for each activity using the
Principles of Marketing
September 2023 Examination
- You are the owner of a single screen movie theater in your city. The footfalls in the theatre are negligible ever since a new multiplex theater has opened in your area. What steps can you take to compete? Create a plan to communicate with your consumers to increase footfalls. (10 Marks)
Ans :
Introduction
As a single-screen movie theater proprietor, I face a sizeable project inside the shape state of a new multiplex theater that has opened in my vicinity. The footfalls in my theater have diminished to negligible numbers, and I need to make the immediate movement to compete efficiently in this changing landscape brand new to the cinema industry. This plan will outline the stairs to speak with consumers and increase footfall in my theater.
The first step in this technique is to thoroughly understand the idea of modern theater and its particular promoting points (USPs). At the same time as the multiplex theater offers many
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- You are the marketing director of the pro badminton league. How would you generate consumer interest for your league? Create a marketing using the 4 P model.
Ans :
Introduction:
As the marketing director of the seasoned Badminton League, my goal is to generate client interest and excitement for our league. So one can attain this, I will hire the 4 P marketing version, which includes Product, fee, location, and promotion. By strategically utilizing those elements, we can successfully speak the cost and uniqueness of our league to our audience in the long run, using consumer interest and engagement.
The pro-Badminton League is an exciting and prestigious opposition showcasing the sport’s excellent skills. Our league combines athleticism, skill, and leisure, making it a must-watch
- You are the marketing director for Super automobiles, Your Company wants to launch new EV car. Before embarking on this journey, you want to have consumer preference understanding.
- Create a target consumer for your product. What type of research will you undertake? (5 Marks)
Ans :
Introduction:
Because the marketing director for supercars, I am pleased to spearhead the release of our new electric vehicle (EV) automobile. With the rising global call for sustainable transportation options, we must apprehend purchaser alternatives to put and promote our product in the market effectively. Through engaging in complete studies, we can gain
- Create 5 questions which will help you understand consumer preference. (5 Marks)
Ans :
Introduction:
As the Marketing Director of excellent automobiles, I’m tasked with launching a new electric automobile (EV) car. Before embarking on this exciting journey, gaining deep know-how of consumer possibilities is essential. The fulfillment of our product release hinges on our capacity to cater to the needs and desires of our goal market. We can tailor our advertising