Essentials of Management
April 2022 Examination
Q1. Ravino Enterprises, a company dealing with pet food supplies had just expanded beyond Mumbai to Pune and Nasik in February 2020 and the pandemic hit the world. Post that they have faced a lot of issues specially co-ordination amongst its suppliers and retailers across these 3 cities which has led to tremendous confusion at times and also delays and losses. They have hired you as a consultant to help solve this problem. Can you guide them about the difficulties in co-ordination and techniques they can use to solve this problem? (10 Marks)
Answer 1.
Introduction
Each business venture has been affected by the onset of the spread of the coronavirus. A retail supply chain is one of the most significantly impacted phases of any organization. There are numerous dangers associated with retails and the delivery chain. There were several steps taken through the retailers to provide the consumers with their essential items to satisfy the desires of their fitness and the well-being of Its Question only
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Q2. Royxn & Co., a German sanitaryware firm has just set up base in India. They are confused about how should they go about departmentalization in their India office. They have hired you as a consultant for the same. Can you guide them about how can they go about doing their departmentalization? (10 Marks)
Answer 2.
Introduction
When it comes to the departmentalization of an employer, it’s far regarded because the method enables group the activities into diverse departments in line with the knowledge of its employees. When the exertions force is split, it develops specialists that may require coordination with the other employees. The coordination of most people of various departments helps an organization perform its desires and.
Q3. Quartz Ltd CEO has just retired and they are looking for a new leader to take them to higher pedestals. They have hired you as a consultant for the same
a. Guide them about the qualities they should look for in a good leader? (5 Marks)
Answer 3a.
Introduction
Its miles the moves taken up via the leaders of an organization or a business task that has a massive effect on their subordinates. There are some leadership styles that a pacesetter can pick out from following the orga
- Also, the need of the hour is to have a leader who has a situational style of leadership? Can you also guide them in the same? (5 Marks)
Answer 3b.
Introduction
Paul Hersey and Ken Blanchard were the first people to come up with the idea of situational management. It is considered to be a version that allows managing organizational behaviors. Situational management no longer best prepares the chief to be flexible in any situation; however, it inspires the
Organizational behavior
April 2022 Examination
Q1. Love and aggression control our minds and thoughts. Name the specific theory which brings out this relationship. State all the determinants of human behaviour. Also explain any two determinants of human behaviour with appropriate example for these two determinants. (10 Marks)
Answer 1.
Introduction
Character behavior is ruled via four main additives: organic characteristics along with age and gender, biopsychosocial traits and how the person interacts with anyone, cultural aspects which include the community individuals belong to, and situational variables inclusive of the ecological obstacles people confront. When analyzing organizational behavior, smaller companies deal with the following key drivers of behavior: personnel interactions, handy resources, overall working conditions. a person’s Its Question only
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Q2. Raj and Rajeev work at the same company. They never met each other before. During a flight they happen to meet each other informally. Shared a lot of mutual interests during conversation and got to know they work for the same firm. They exchange numbers and kept in touch. This is an example of Informal group. State the various kinds of such informal groups which can be formed by employees with examples. (10 Marks)
Answer 2.
Introduction
The informal group has been formed whenever people or groups gather together to complete a broadly speaking social job. This equal essential idea behind forming such a casual setting might simultaneously meet psychological and no secular requirements. Informal institutions get up because corporations
Q3. A survey at Goldman Sach has revealed some startling numbers. More than 12 first- year Analyst at Goldman Sachs work 95-hour weeks and endure ‘inhumane’ treatment. With sleep only for a few hours along with abuse at workplace. Although Wall Street banks, and Goldman in particular, are known for sky-high salaries and even loftier bonuses, that’s not always the case for first-year analysts — the bottom of the food chain in the financial world. Almost entire analysts said they felt pressure from “unrealistic deadlines” and have been shunned or ignored in meetings. Their report also offered explanations to organization to help repair the condition. “In order to do our best work and send for the firm’s clients we need to be rested and free from juggling an insurmountable amount of conflicting work stream,” the group said.
a. How would you deal with this situation as a Manager working with Goldman Sach. (5 Marks)
Answer 3a.
Introduction
Specialists in multiple industries more and more balance their family duties despite staying up with assignments. Managers have a vital responsibility in watching out for their staff, acknowledging particular personal conditions and imparting an extra open and optimistic workplace at some stage in challenging instances. Numerous corporations, consisting of “Goldman Sachs”, offer several alternatives to assist their personnel through difficult times, along with paid
- State any 3 Organizational sources of stress or 3 Individual sources of stress which caused and lead to stress in the above-mentioned case. (5 Marks)
Answer 3b.
Introduction
Inside the commercial surroundings, pressure is turning into an already point of recognition. As this type of worker, customers hold hearing about that as well. Whenever a corporation downsizes, these identical surviving employees experience strain as their duties and workplace
Essentials of Financial Accounting
April 2022 Examination
Q1. Vardhaman Traders purchased a piece of machinery on 4.4.2019 for Rs 250000 and paid Rs50000 on the carriage of the machinery to bring it to the factory premises. The management decides that charging depreciation per the WDV method will make more sense.
It was decided that –
The depreciation would be charged @15% on the WDV method
The useful life of the machinery is five years
The machinery has been disposed of after 3 years at a value of
Rs200000
Required-
Discuss the concept of charging depreciation through the WDV method. Calculate the closing WDV and depreciation for all the first three years. Calculate the profit and loss, if any, on the disposal of the asset
Is this possible for any business entity to change the method of charging depreciation (10 Marks)
Ans 1.
Introduction:
Depreciation is the loss of value of assets because of normal wear and tear. Every asset is vulnerable to wear and tear because of everyday use and the passage of time. The asset’s cost is spread out over time and accounted for as an expense. It’s far used on long-term assets that offer long-term benefits—for instance, plant and equipment, automobiles, computer systems, furniture, and systems. Depreciation isn’t always paid on land since it isn’t always liable to wear
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Q2. The objective, needs, location, and relevance are key factors that help decide whether to open a departmental store or branch. Similarly, “when it comes to departmental accounting and branch accounting there are various key points which draws the thin line of demarcation between the two types of accounting” Distinguish between departmental and branch accounting (any five points) (10 Marks)
Ans 2.
Introduction:
Accounting for one or greater firm departments is known as departmental accounting. The department’s sales and costs are tracked and stated one by one. The departments’ money owed is then merged into the head workplace’s debts to generate the company’s financial statements. A department has a selected or assigned duty, feature, or interest vicinity—example: A textile mill with a headquarters and a plant. Manufacturing facilities have their accounts, and the final effects are sent to move workplace, which may be integrated into their money owed. As a result, a
Q3a. AG Pharma has taken deposits from the public under the name Public Deposit, for a duration of 5 years, for a total amount of Rs 1 crores. Discuss by passing a journal entry how AG Pharma will record the transaction in the books of original entry Reflect by preparing the Balance Sheet how the transaction will be reflected in the books of accounts by following the correct classification of current and non-current items. Give reason for such classification (5 Marks) –
Ans 3a.
Introduction:
A record is an accounting entry used to document a business transaction in the accounting records of a corporation. Journal access is typically made inside the popular ledger; however, it can instead be made in a subsidiary ledger, which rolled into the overall ledger. The overall ledger is then used to collect the company’s economic statements.
3.b. Mr. Keyur received a dividend @Rs34 per share, on account of 5000 shares held of a publicly-traded company. Pass the journal entry for such a receipt. Reflect by preparing the relevant financial statement how the transaction will be reflected in the books of accounts and discuss how this receipt is going to impact the Balance sheet, in any case. (5 Marks)
Ans 3b.
Introduction:
A dividend is a method of shifting a company’s earnings to its shareholders as compensation for their investment. The law does not require dividends on commonplace inventory; however, many corporations take pride in offering strong or step by step growing dividends year after year. A dividend may be paid in coins or by issuing new shares of stock, while a company can pay a
Digital Marketing
April 2022 Examination
Q1. Ramnarayan Blue Art Potteries, run by Ramnarayan Prajapat, is a second-generation handicrafts business that has spread its wings in India. Blue pottery is the traditional Jaipur craftwork, and Kot Jewar is its production hub. Tourists worldwide visit this village to behold themselves with the beautiful artisan work India has for them. Ramnarayan Prajapat wants to expand revenue and sales of Ramnarayan Blue Art Potteries through online platforms. Explain how Ramnarayan Prajapat can apply digital marketing for revenue growth using the ASCOR framework. (10 Marks)
Ans 1.
Introduction:
Any marketing that uses digital devices that advertising experts might also use to offer promotional content and track its effectiveness all through the client journey. In practice, digital marketing refers to advertising and marketing campaigns that seem on a laptop, phone, iPad, or any other system. Some examples consist of net video, show advertisements; seek engine advertising, backed social ads, and social media feedback. Virtual marketing typically contrasts with conventional marketing techniques, including mag ads, billboards, and direct mail Its Half solved only
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Q2. Snapdeal is India’s largest online shopping marketplace, with the widest assortment of 35 million products across 800 plus diverse categories from over 125,000 regional, national, and international brands and retailers. With millions of users and more than 300,000 sellers, Snapdeal is the online shopping site for Internet users across the country, delivering to 6000+ cities and towns in India. Explain how Snapdeal uses the four extended Ps in executing its marketing plan and strategies. (10 Marks)
Ans 2.
Introduction:
Marketing is a dynamic concern that can go away organizations well at the back of the competition if they stay stagnant for too long. The fundamental modifications to the core marketing mix illustrate this progression. Whereas there had been formerly four ps to describe the marketing mix, it is now widely agreed that a greater developed seven ps provides a much-needed layer of depth to the mixture, with a few theorists going even farther. The expanded marketing mix (7P’s) is a collection of seven marketing additives that are speculated to work
Q3.a. Though print advertising revenues are declining worldwide, it grows at a strong pace in India. It is important to note that India, with 439.42 million smartphone users, is the second-largest smartphone market in the World. Is the rate of digital adoption slow in India, or are there behavioral differences in media consumption? Explain the reasons behind the difference in print advertising revenues in India and the World. (5 Marks)
Ans 3a.
Introduction:
Print advertising is a technique of advertising wherein a significant quantity of people is reached through physically printed material. Print advertising refers to advertisements revealed in physical copy in publications (newspapers, magazines, journals) that are likely to be examined through your target market. Newspapers, magazines, brochures, and junk mail are examples of
Q3.b. Byju’s is an Indian multinational educational technology company headquartered in Bangalore. To convert leads, the company needs to plan activities to engage prospects. What type of promotional activities should the company conduct to engage with prospects? (5 Marks)
Ans 3b.
Introduction:
The marketing mix is incomplete without promotion. Any strive made via a corporation to communicate with capacity purchasers is a promotional pastime. There are essential dreams of promotional moves. Those are intended to: customers should be informed approximately your keep’s objects, pricing, and offerings. Convince human beings to purchase the items you are promoting. Like any other control pastime, promotional activities should be planned and
Business Communication
April 2022 Examination
Q1. James and James Communications pay utmost importance to good communication skills. They frequently hold communication workshops for their employees. In one such workshop the trainer introduces communication pyramid as an effective tool for communication. Discuss this tool with reference to -Thinking about the ideas and ordering/presenting the ideas. Elucidate your answer with relevant example. (10 Marks)
Ans 1.
Introduction:
Communication refers to the discussion and deliberation between fellow employees, the employees, the seniors, and the subordinates. Communication is of extreme significance in any employer. Its miles due to inter-personal communication between one of kind employees most effective that an organization’s efficient and effective running can be done Its Half solved only
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Q2. With the global expansion of Brooklyn 57 the organization has the workforce comprised of people from different nationalities. In order to garner a harmonious work environment in the organization, a workshop titled “Respect all cultures” is conducted by the organization. The trainer starts with explaining Hofstede’s dimensions of Cultural diversity. As an employee at Brooklyn 57 explain your understanding of Hofstede’s Dimensions giving relevant examples. (10 Marks) –
Ans 2.
Introduction:
Understanding an exclusive and diverse cultural environment becomes essential in obtaining an overseas marketplace base. It is required for any company to be nicely aware of the cross-cultural dimensions of the clients’ preference to have effective manipulation over the marketplace share. Now, this idea of cultural dimensions turns entirely subjective at some point. Hofstede advanced some dimensions wherein this move-cultural interaction or importance may be
Q3. Ragini has been working as a sales head in Data Doc Communications for the last 8 years. He has an overall industry experience of 18 years. Recently she came across a lucrative opening for Regional Head in Seagull communications – a leading name in telecommunications industry. The job is based in Mumbai which has an added advantage for Ragini of being in her hometown with her family. To apply for the post, she has compiled a convincing resume which she shows to her good friend and colleague Satish. Satish is an HR head in another organization. Satish advises Ragini to attach a convincing and impressive cover letter with the resume.
- How would Ragini’s cover letter be different from her resume? (5 Marks) – 400 Words
Ans 3a.
Introduction:
A resume is a brief report summarizing one applicant as a candidate for the process vacancy. Cowl’s letter, then again, is a detailed report that suggests hiring managers the applicant’s preference for a particular task.
- As Ragini write a cover letter addressed to Ms. Nandini Biswas, the HR Manager of Seagull Communications (5 Marks) – 400 Words
Ans 3b.
INTRODUCTION:
On the other hand, a cover letter is a detailed record that indicates hiring managers the applicant’s desire for a selected task. A cover letter consists of the following elements:
- Heading
- Greeting
- How did you observe the process?
Micro Economics
April 2022 Examination
Q1. “The root of the economic problem is the scarcity of resources while our wants are infinite”. Elaborate the given statement explaining the three types of problems in achieving in production and distribution. (10 Marks)
Ans 1.
Introduction:
An economy contains numerous stakeholders, the manufacturers, the customers, the distributors. The goods are in no way reached immediately to the client by using the producers. There may be a whole chain in between, central to the distribution of goods. It has to be noted that it isn’t always continually viable on the part of the producer to meet all of the desires and requirements of the clients. Occasionally, it becomes difficult because of the shortage of resources. All of the assets cannot be allotted to meet the needs of all the folks in society. This shortage of sources Its Half solved only
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Q2. Define the term “Elasticity of demand.” Discuss different types of elasticity of demand. Also, explain why this concept should be of interest to anyone including businessperson, policy maker etc. (10 Marks)
Ans 2.
Introduction:
Demand is the desire to have something when accompanied by the capacity to afford it. It is established upon many elements, like the price of its commodity, price of other commodities, flavor and preferences of the consumer, authorities taxes, and diverse others. So, there always stays a fluctuation in demand within the market. The producer should be privy to this fluctuation to get an outstanding market share for promoting its product and producing the goods in the
3.a. Complete the hypothetical table below and explain in brief, the law of variable proportions. (5 Marks)
| Quantity | Total Product
|
Average Product
|
Marginal product |
| 1 | 10 | ||
| 2 | 30 | ||
| 3 | 48 | ||
| 4 | 56 | ||
| 5 | 56 | ||
| 6 | 52 |
Ans 3a.
Introduction:
The regulation of variable percentage works on the idea that if the wide variety of one product increases, maintaining the opposite elements consistent, it will decline the marginal made from that element. While the variable elements grow in number, it can lead to the poor value of the
3b. Vishal Ltd market share was declining due to high competition in the market so it decided to enter a new segment. It wanted to determine the relationship between changes in the quantity demanded of the product due to change in the price of the product in the market. Assume that at the price of ₹100, the demand for the product is 400 units. If the price of the product increases to ₹120, the demand decreases to 250 units. Calculate the price elasticity by percentage method. (5 Marks)
Ans 3b.
Introduction:
Price elasticity of demand is a crucial concept of the law of demand. Price elasticity of demand, as it’s widely called, is a monetary measurement of how the quantity demanded is affected by changes in its price. It is an essential marketing practice for predicting how consumers reply to
Organizational behavior
April 2022 Examination
Answer 1
Introduction
Character behavior is ruled via four main additives: organic characteristics along with age and gender, biopsychosocial traits and how the person interacts with anyone, cultural aspects which include the community individuals belong to, and situational variables inclusive of the ecological obstacles people confront. When analyzing organizational behavior, smaller companies deal with the following key drivers of behavior: personnel interactions, handy resources, overall working conditions. a person’s ability and desire to accumulate and preserve wholesome behavior are
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Answer 2
Introduction
The informal group has been formed whenever people or groups gather together to complete a broadly speaking social job. This equal essential idea behind forming such a casual setting might simultaneously meet psychological and no secular requirements. Informal institutions get up because corporations meet primary human needs, consisting of friendship, affiliation, and a feeling of connection. Informal organizational structures exist every time people construct relationships beyond what the firm requires to finish the work. People expand companies to take
Answer 3A.
Introduction
Specialists in multiple industries more and more balance their family duties despite staying up with assignments. Managers have a vital responsibility in watching out for their staff, acknowledging particular personal conditions and imparting an extra open and optimistic workplace at some stage in challenging instances. Numerous corporations, consisting of
Answer 3B
Introduction
Inside the commercial surroundings, pressure is turning into an already point of recognition. As this type of worker, customers hold hearing about that as well. Whenever a corporation downsizes, these identical surviving employees experience strain as their duties and workplace periods rise. In step with studies, employees continuously search for striking the right balance
Essentials of Management
April 2022 Examination
Answer 1.
Introduction
Each business venture has been affected by the onset of the spread of the coronavirus. A retail supply chain is one of the most significantly impacted phases of any organization. There are numerous dangers associated with retails and the delivery chain. There were several steps taken through the retailers to provide the consumers with their essential items to satisfy the desires of their fitness and the well-being of the societies. When it comes to Ravino companies, the most pleasing effect that the organization has acquired has been its coordination of the various retail
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Answer 2
Introduction
When it comes to the departmentalization of an employer, it’s far regarded because the method enables group the activities into diverse departments in line with the knowledge of its employees. When the exertions force is split, it develops specialists that may require coordination with the other employees. The coordination of most people of various departments helps an organization perform its desires and targets. A number of the most famous departmentalization strategies include practical, product, customer, geographic, and procedure departmentalization. It is
Answer 3a.
Introduction
Its miles the moves taken up via the leaders of an organization or a business task that has a massive effect on their subordinates. There are some leadership styles that a pacesetter can pick out from following the organization’s goals. However, it’s far how it is implemented that determines the organization’s destin
Answer 3b
Introduction
Paul Hersey and Ken Blanchard were the first people to come up with the idea of situational management. It is considered to be a version that allows managing organizational behaviors. Situational management no longer best prepares the chief to be flexible in any situation;
Business Statistics for Decision Making
April 2022 Examination
Q1. A health scientist has created three different diet plans for a weight loss program. He conducted an experiment with 24 volunteers to see the impact on weight loss. He measured the weights of the volunteers before the start of the diet plan. Then they were assigned to one specific diet plan for a month. After one month their weights were measured again. The differences in weights are given in the table below for each of the diet plans. At the end of the experiment, the scientist wanted to understand if there is a significant difference in weight loss among the volunteers of the three diet plans. Read the data table below and answer the questions.
a. Conduct ANOVA on the above table. Do you find a significant difference in weight loss due to the three diet plans? Explain and interpret using both the p-value and F critical value from the output. Use MS-Excel for the analysis.
- Why do you think ANOVA is required to answer this question?
- What is the formula to calculate F-ratio? (Only write the formula. You do not need to show the calculations for F-ratio). (10 Marks)
Ans 1.
Introduction:
ANOVA: ANOVA or analysis of Variance becomes evolved through Ronald Fisher. There are two approaches to calculating ANOVA: one-way analysis of Variance and one-way evaluation of Variance. The only-manner analysis of Variance helps a man or woman recognize the statistical difference among the suggests of 3 or greater than three unbiased businesses. The only reasons for using analysis of Variance are checking out specific speculation, know-how the reaction of different groups, etc. but, the two-manner analysis of variance includes independent
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Q2. Consider the following sample. It contains the weights of 25 participants:
55, 57, 58, 43, 62, 67, 71, 69, 66, 51, 72, 62.5, 58.5, 61, 72.5, 75, 44, 48, 49, 49.5, 49,
62, 66, 71, 58. Calculate and plot the following using MS-Excel. Write the formula and show the steps.
- Variance
- Standard deviation
- Histogram
- Ogive
Note: For histogram and ogive use bins numbers as 40, 45, 50, 55, 60, 65, 70 (10 Marks)
Ans 2.
Introduction:
Variance: Variance helps one in the size of the space of each variable of a statistics set from its suggested or average price. Buyers and finance experts find variance a precious tool for the choice-making process and evaluating various aspects. In simple phrases, variance calculates the deviation inside the set.
Standard Deviation: Fashionable deviation is the square root of variance. The variance of a data set gives a rough concept about the distance or unfold of a variable from it’s imply. But, standard
Q3. You have been hired as a researcher for a prominent research-based organization and you have been allocated a new project for helping out a client. You know that the time taken to complete similar projects is normally distributed with a mean of 50 days and a standard deviation of 4 days.
- What is the probability of finishing this project within 45 – 55 days? (5 Marks) –
Ans 3a.
Introduction:
Normal Distribution: It is a distribution with a symmetrical bell-fashioned curve and is the appropriate model for measurement distributions going on in exercise in unique conditions’ colossal range. The normal distribution also provides a person a terrific approximate to unique other distributions such as Binomial distribution, Poisson distribution, and many others. It also presents a terrific model of various information for the sampling distribution.
- When do we use Poisson distribution? Give two example scenarios. (5 Marks) –
Ans 3b.
Introduction:
Poisson distribution is a distribution modeling the number of events occurring in a specific time interval when the events are occurring one after any other in time and in a properly-defined way. The well-defined manner presumes that the occasions are happening singly at a steady rate, and the events going on in individual time intervals are independent of each other.
Cost and Management Accounting
April 2022 Examination
Q1. N Limited undertook a contract for Rs. 5,00,000 on 1st April 2020. On 31st March 2021 when the accounts were closed, the following details about the contract were gathered:
Materials purchased 1, 00,000
Wages paid 45,000
General expenses 10,000
Plant purchased 50,000
Materials in hand 31.3.2021 25,000
Wages accrued 31.3.2021 5,000
Work certified 2, 00,000
Cash received 1, 50,000
Work uncertified 15,000
Depreciation of plant 5,000
The contract contained an escalation clause which read as “In the event of increase(s) of prices of materials and rates of wages by more than 5%, the contract price would be increased accordingly by 25% of the rise of the cost of materials and wages beyond 5% in each case”. It was found that since the date of signing the agreement, the prices of materials and wage rates increased by 25%. The value of the work certified does not consider the effect of the above clause.
Prepare the contact account.
Ans 1.
Introduction:
Contract costing is a methodology used to decide the price of a specific order. This is relatively large and is likely to be continued for more than a year. It is majorly utilized by the contractors in costing contracts related to the construction of buildings, roads, dams, and so on.
Concept and application:
When determining the value of a particular order, two costing techniques may be used:
- Job costing
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Q2. Prepare the Stock Ledger using “Weighed Average” method of valuing the issues from the following details of stores receipts and issues of material in a manufacturing unit:
TABLE BELOW
Nov. 1 Opening Stock 2,000 units @ Rs. 5 each
Nov. 3 Issued 1,500 units to Production.
Nov. 4 Received 4,500 units @ Rs. 6.00 each.
Nov. 8 Issued 1,600 units to Production
Nov. 9 Returned to stores 100 units by Production Department (from the issues
of November 3)
Nov. 16 Received 2,400 units @ Rs. 6.50 each.
Nov. 19 Returned to the supplier 200 unit out of the quantity received on
November, 4
Nov. 20 Received 1,000 units @ Rs. 7.00 each.
Nov. 24 Issued to Production 2,100 units.
Nov. 27 Received 1,200 units @ Rs. 7.50 each
Nov. 29 Issued to Production 2,800 units (use rates upto two decimal places).
Ans 2.
Introduction:
Direct cloth is an essential component of the production procedure. It influences the final pricing of the product and the relevant net income/losses. For that reason, the proper management of this cost detail is essential to establish the production manner’s 3Es (efficiency, economy, and effectiveness). Proper recording and control of fabric may also affect the following:
- Quality of finished goods
Q.3 (a) Opening stock of work- in-progress 4,000 units 40% complete.
Units completed: 32,000
Units put into process: 30,000
Closing stock of work- in-progress 2,000 units, 60% complete.
Calculate equivalent production. (5 Marks)
Ans 3a.
Introduction:
Equivalent production devices convert incomplete production gadgets into completed manufacturing units. In procedure industries, the typical cost according to the unit may be determined by dividing the overall cost of gadgets by the full range of units. But, it could now not be viable in method industries with a non-stop manufacturing procedure. The price incurred in such industries unfolds over the hole WIP, finished devices, and remaining WIP. For this
3.b. JK Ltd. produces four products in a manufacturing process. The Company produced 10,000 units of A, 20,000 units of B, 15,000 units of C and 25,000 units of D. The costs before split off point for the four products were Rs. 1, 40,000. Using the average unit cost method
(a) Calculate the unit cost, and
(b) How, the joint cost would be apportioned amount the products. (5 Marks)
Ans 3b.
Introduction:
Joint products: Joint products imply two or greater products that are similarly critical and produced because of a single system. These products have the exact enormous cost, and none may be treated as an by-product or inferior to any other. For instance, while processing the crude in the oil enterprise, fuel, petroleum, paraffin, tar, etc. They are then produced treated as joint
Design Thinking
April 2022 Examination
Q1. Assume that you are reimagining the grocery shopping experience of disabled citizens for a large retail store called “goMart”. What is the process and steps involved in coming up with an innovative, inclusive experience? (10 Marks)
Answer 1.
Introduction
Headway insinuates introducing one extra nature of a truthful or another significant market, the process for creation, the reason for delivery, and the connection in an industry. The leading reassuring factor about the headway cycle understands an idea right into a powerful concept. The disclosure degree is where associations have to contribute more incredible energy and resources. One straightforward and successful approach for buying to the divulgence stage is to rehearse disparate and simultaneous wondering. Throughout this stage, capability clients create and Its Half solved only
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Q2. The Chief Marketing Officer of a retail coffee company, Coffee Meets, wants to better understand their customers in order to come up with a new product called “Flavour of the month”. What will be the research plan you will create for this purpose? (10 Marks)
Answer 2.
Introduction
Every investigation plan needs putting forth with the goal that perusers can fathom the incentive behind why they’ve made it. It’s far basic how they could deal with their assessment plan. It could recommend that their display is the most complex piece of paper to create first. Alongside those lines, they need to take as much time as needed and attempt to nail it. The creation of making will set out their questioning. That’s what assessment may be based around. Their perusers need to parent out what they’re analyzing proper from the start and whether or no longer
Q3. The sales of a large grocery store chain, “ShopNext”, have been falling since the past 3 months. They have on-the-ground stores across major metros in India but no ecommerce presence. They now face competition, both from neighbourhood stores as well as growing number of ecommerce stores. Their target customer base (20-30 years, technology savvy) enjoy variety, choice and value for money. They are hence finding it difficult to retain customers and build loyalty. The CEO has kicked off a project and appointed you as a consultant to improve current on-the-ground experience and launch a new online experience that will enable ecommerce 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)
- Once you have developed a thorough customer understanding, you are expected to present insights and come up with a problem statement for the CEO to approve. Provide the problem statement with supporting insights. (5 Marks)
Answer 3 (A).
Introduction
An essential deliverable is anything made or given in light of an association. Proper, when locations are met, assumptions are conveyed, and when the general assignment is developed, their key deliverable has been made. The essential thing assumptions are a rule of thumb unbiased, undeniable or subtle, has been developed – or the numerous key assumptions set inside
Answer 3 (B).
Introduction
A purchaser’s issue enunciation clarifies their aspect or organization’s anxiety for their customers. The attestation helps them recognize the revel in they assume to trade or the distance they are trying to enter even as constructing another thing or agency. It’s vital to study that they
Environment and Disaster Management
April 2022 Examination
Question 1. There has been a Cloudburst alert in Uttarakhand on November 30, 2021 & the Meteorological Department issues an emergency alert of an impending landslide expected to hit the main roads & highways across Gangotri town. You are in charge of NDRF (National Disaster Response Force). Suggest various modern disaster management steps to help the city better prepare for the onslaught of the cyclone. (10 Marks)
Ans 1.
Introduction
The requirement to be ready for a massive range of scenarios is one of the most challenging disasters or emergency control factors. Increasing tragedies, acts of violence, and monetary crises are placing humans in greater danger, in step with the worldwide Federation of red move & Red Crescent Societies (IFRC). Nature-precipitated or human-brought about screw-ups can encompass pandemics, generation catastrophes, and environmental devastation. Many distinct sorts of disaster ‘plans,’ from considerable mitigation and preparedness strategies to specific Its Half solved only
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Question 2. New Delhi India’s capital generates 9000 Metric tonnes of waste per day owing to the presence of a large population of 12 million inhabitants. Suggest & briefly describe any 3 innovative techniques to dispose off the waste. (10 Marks)
Ans 2.
Introduction
Preventing waste generation is the best choice for waste control, which means that waste avoidance is essential in designing and imposing any waste control strategy. There are numerous strategies in which waste cannot be obliterated. To lower or avoid pollution, numerous technologies can be used at some stage in the manufacture, usage, and publish-use levels of product lifestyles cycles. To name a few, eco-friendly manufacturing tactics that employ fewer dangerous or poisonous substances, superior leakage tracking structures for material storage,
Question 3. Visualise that you are living in a tourist region of India that is also rich in iron and manganese ore, which provides an ideal opportunity for mine owners. You have been observing that a Soil pollution & illegal mining is increasing in your neighborhood by quite a bit.
a. Suggest 2 innovative initiatives to prevent & control soil erosion & illegal mining in your neighborhood. (5 Marks)
b. How do you ensure that after your proposed solutions to tackle soil erosion & illegal mining, your initiatives are sustained over a long period of time & that there is no discontinuity? Suggest 2 concrete proposals. (5 Marks)
Ans 3a.
Introduction
Sustainable mining is a good concept on paper, but the region has a long way to head before it could be called even marginally environmentally friendly. Not only does mining pose a chance to the surroundings, but it additionally can have a poor impact on public health if proper
Ans 3b.
Introduction
No matter how much new technology has helped make the mining sector extra eco-friendly, the business utilizes many assets and frequently causes substantial harm to the surroundings (including water, land, carbon, and strength). While mining sports have ended, the land will become more exposed to herbal procedures like soil erosion, which can accentuate and linger for
Macro Economics
April 2022 Examination
Q1. Explain the Basic Equation of National Income with its genesis meaning (10 Marks)
Ans 1.
Introduction:
In any economy, we repeatedly see the terms GDP and GNP. Those are nothing, however, variables or factors of calculating national income. They picture the national income of any country in a given financial year. In simple terms, national profits refer to the entire monetary value of all the goods and services produced in an economy in a single financial year. We also can say that it is the sum of all issue income generated in an economy in a financial year.
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Q2. Explain J M Keynes Criticism on Classical Theories of Macro Economics – Imp Points (10 Marks)
Ans 2.
Introduction:
Many theories talk about the nature and essence of macroeconomics. The two which have been widely spoken are classical and non-classical theory. Classical economists think that the economy is self-regulating in approach. It will modify in line with the desires themselves and reach the actual GDP level. They accept that the economy can always acquire the natural level of GDP or actual GDP. They say that real GDP is attained by entirely using all the available
Q3.a. You are given the following data. Calculate GNP and GDP at factor cost. (5 Marks)
Ans 3a.
Introduction:
There are three different methods of calculating national income. Those three strategies are to be used with very safe hands and patiently. There are various precautions connected to these strategies; for, e.g., inside the detail of double counting, inside the case of the cost-added technique, you must deduct the intermediate consumption. Else, it might be calculated two times,
Q3.b. Explain the Demand Pull Inflation with example (5 Marks)
Ans 3b.
Introduction:
Demand-pull inflation is also referred to as rate inflation. It’s miles while any goods or services’ combined demand outstrips the aggregate deliver. It’s miles, particularly an impact of the rise in patron demand. Because of growth in demand, providers attempt to grow supply, and when additional delivery is unavailable, dealers increase their prices, referred to as demand-pull
Operations Research
April 2022 Examination
- Consider the transportation problem presented in the following table:
TABLE BELOW
Find initial feasible solution using Vogel’s Approximation method (VAM), also find
Optimal solution using stepping-stone method. (10 Marks)
Solution:
Introduction:
Vogel’s approximation method is used to get an initial feasible solution in a transportation problem. It works on the concept of opportunity or Penalty cost.
Concept and application:
The problem is balanced TP as the total supply equals overall demand. So, we will now find a feasible solution to this transportation problem.
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- Consider the transportation problem with plant source and warehouse distribution presented in the following table:
Find initial feasible solution using Northwest corner method and Least cost method, also find optimal solution using Modified Distribution (MODI) method. (10 Marks)
Solution:
Introduction:
Operating costing is an extended and delicate form of process costing. One of the areas where operating costing is used is the transportation problems. Depending on demand and supply variables, a transportation problem may be a balanced hassle or an imbalanced one. TO gain a feasible way to a transportation hassle, several techniques are used. The Northwest nook method is one of them.
- A small project consisting of eight activities has the following characteristics:
TABLE BELOW
- Draw the PERT network for the project.
Prepare the activity schedule for the project.
Determine the critical path. (5 Marks)
Solution:
Introduction:
A network represents various links between the objects, which shows the flow of a sequence of defined events and activities. There are various strategies for showing network models. CPM and PERT are excellent methods of displaying progress, completing large and complicated projects,
- If a 30- week deadline is imposed, what is the probability that the project will be finished within the time limit?
If the project manager wants to 99% sure that the project is completed on the schedule date, how many weeks before that date should he start the project work?
(5 Marks)
Introduction:
Under PERT/ CPM, a network is drawn using boxes, circles, and arrows. Boxes and circles represent the description of the activity, and the arrows are drawn to display the relationships among the activities. It is used to sequence the activities and track the progress of the activity at
Principles of Marketing
April 2022 Examination
Q1. The Pandemic is over super foods is a restaurant based in Vile Parle. It caters to high end find dining experience. In the post pandemic scenario how should super foods attract customers? It has a very low budget. Create a marketing plan. Create a communication plan. Which mediums would you choose? (10 Marks)
Answer 1.
Introduction
A virulent disease is also not a novel phenomenon in human civilization because unique pandemics have come about at some point in records. Incidents have one commonplace feature: they have a first-rate poor impact on the financial system. Within the food production chain and among the most significant components of the marketplace, COVID-19 has additionally been proven to steer the entire operation from the fields towards the client. Given cutting-edge troubles in the food enterprise, there’s usually growing fear concerning food generation,
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Q2. You are the marketing director of SAI, the biggest challenge faced by the SAI is the lack of popularity of Olympic Sports in India. How would you generate consumer interest in Non-Cricket sports in India? Create a marketing using the 4 P model. (10 Marks)
Answer 2
Introduction
The nation is trailing at the back of each person else in non-cricketing activities, leading to a scarcity of finances and infrastructure, inadequate quality health equipment, and a lack of network support among professional national teams. Olympians who’ve asked the management for help are dissatisfied in maximum cases. Global cricket status as a nationwide preoccupation is damaging to different sporting events. Numerous wearing activities in this country are being overshadowed by it. Notable high times are figure skating and soccer. Volleyball, basketball,
Q3. You are the marketing director for magic electric auto. Your company is launching a range of electric scooters. Before the commercial launch of the product you want to embark on a research project.
- As the marketing director plan a research program with clearly defined target groups, geographies, demographics you shall plan your research project. Give reasons for your selections. (5 Marks)
- Create a Hypothesis for your research. List out all the steps you shall take to undertake the research. (5 Marks)
Ans 3A.
Introduction
The eventual customer to whom the employer wishes to increase income is the targeted audience. Advertising communication involves segmenting the entire market and implementing advertising with every subgroup to enhance marketplace role. Positioned, not everyone’s objects
Ans 3B.
Introduction
Speculation seems to be an interpretation of something like a phenomenon that has been provided. The present-day medical needs that even a principle be testable to consider a studies proposition. Researchers often expand theoretical constructs on advanced statistics that may be described sufficiently via the hooked-up scientific explanations. A hypothesis for this experiment