nmims assignment solution june 2022

NMIMS 1 sem solved solution june 2022

Business Economics

June 2022 Examination

Q1. Assume that a consumer consumes two commodities X and Y and makes five combinations for the two commodities:

TABLE BELOW

Calculate Marginal rate of Substitution and explain the answer. (10 Marks)

Introduction:

Each business works upon the responses it receives from its clients. The extra the clients will like its products and services, the extra sales it’ll generate, and the more market share. In economics, it is known as the pleasure that a client derives from consuming any product. Consequently, there’s a sheer requirement that the producers choose a particular method to measure this delight to work accordingly to gain a far larger market share. There are, thus, diverse methods to Its Half solved only

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Q2. Elaborate the term Total Revenue and Marginal revenue also calculate TR and MR in the given table (10 Marks)

Sales are the income generated using the company or an organization from the sale of a good or provider by the manufacturer to its customers. Technically, sales are calculated by multiplying the commodity’s price by the amount of the product. In monetary phrases, a firm tries to provide an increasing number until the marginal revenue of the goods is greater than the product’s price. It suggests that the manufacturer can cover its standard variable value, it approaches that the

Q3.a. From the given Demand Schedule for air tickets, calculate elasticity of demand. (5 Marks)

Demand is a negative observation concerning the charge, i.e., every time the charge of commodity changes, it additionally modifications its demand. That’s a terrible trade. The degree to which that trade has to arise is determined through the rate elasticity of demand. Price elasticity of demand is a vital idea of the law of demand. Its miles a critical advertising exercise

3.b. Elaborate the term Elasticity of Supply and explain any three factors that determines elasticity of supply (5 Marks)

The elasticity of supply refers to the ratio of percent trade-in amount furnished with the share exchange inside the rate of the commodity. It refers to the responsiveness of the quantity supplied regarding the alternate inside the rate of the commodity.

Financial Accounting & Analysis

Q1. For the following transactions, analyze the accounting transactions using the accounting equation framework (10 Marks)

• Introduced Rs500000 through a cheque by the Owner as the Initial capital in the business
• Purchased goods on credit from Ms. Ritu at Rs 40000
• Paid Rs 10000 as salary to the employees
• Invested Rs200000 in a fixed deposit account
• Paid school fees of the kid Rs 25000, from the business’s bank account.

Note: (2*5 = 10 marks) 1 marks for analyzing each transaction and 1 mark for

Correct journal entry

Journal entries are essential abilities to expand in an accounting career. Groups’ monetary accounts could be misguided and a giant mess if they didn’t have good enough journal entries. As a result, every time a transaction occurs inside a corporation, at least two debts should be affected in opposing guidelines. If a firm buys an automobile, as an instance, the car’s value increases the worth of the company’s assets. However, an extra account those changes are required (i.e., the identical and contrary response). Another account that has been impacted is the

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Q2. You started learning the course of financial accounting and analysis in the MBA Program. You learned about commonly used accounting terms. Discuss about any five terms which are commonly used by the different users of accounting information for the sake of understanding the financial statements Student may define and describe about any five terms (10 Marks)

Accounting is the artwork of recording a corporation’s financial transactions. Accounting, that’s the segment of documenting, analyzing, and communicating financial transactions, aids people and groups in their financial situation—summarizing, evaluating, and monitoring the events to look at authorities, regulators, all of those entities involved in the accounting technique. Accountants do this by having a follow-up of spending, profits, and losses using the following accounting formulation: liability + Equity = property. Influential accountants ensure that their

Q3. From the given information

• Total purchases, credit purchases and payment to creditors (5 Marks)

The term ‘creditor’ is used in accounting to describe the person who has given a product, service, or loan and is legally entitled through one or even more debtors. The individual in query who owes the money is called a debtor instead of a creditor. After a creditor has supplied the goods/services, a fee is regularly expected at a later date agreed upon in advance.

• Define the term Net book value, Accumulated depreciation calculate the net book value and cash proceeds from sale of investment

Depreciation is an accounting word that refers to assigning the price of a tangible or physical throughout its helpful existence. Depreciation is a term used to explain how a good deal of an asset’s worth has been consumed. We shall businesses generate money from the assets they own

Information Systems for Managers

Q1. You have been appointed as IT Head of a soon to be opened Retail chain store by the name of “India Retail Store” which will have branches all over India. India Retail store is a Private Limited company.

Highlight atleast 5 security threats that a bank may face in today’s times and suggest 5 innovative IT security mechanisms to ensure that such threats do not harm your Retail store chain & that your systems remain as secure as ever. (10 Marks)

The development of generation has now not simplest supplied advantages to the corporations but has also posed many protection challenges. In India, the major problem that a bank may additionally face or any corporation for that be counted can face is the issue associated with cybercrimes. The data available on the bank’s cloud may be hacked or misused, and as a result, it becomes very tough today to trust the bank’s functioning Its Half solved only

Q2. Choose any e-Governance initiative of any country in the world which is aimed at helping the poor & the needy sections of the society. Enlist atleast 10 benefits of having implemented this system for the benefit of this downtrodden section. (10 Marks) 

The term E in E-governance refers to Electronics. E-governance can be defined because of how the advantages or perks are provided to the citizens of the country or a selected nation using the software of facts and communication technology (ICT). It’s far used for providing government offerings, facts, transactions, integration of previously existing services, and data portals. For this reason, its method is a type of governance provided to the citizens by a digital method.

Q3. The city of Mysuru is one of the cleanest cities of India and is in close driving distance from Bengaluru, the IT hub. You have been invited as an external IT consultant by Government of India with a mandate to convert Mysuru into a “Smart City”

• Which “Smart” city in the world will you choose as a benchmark to emulate some of the best practices of that city into Mysuru? Provide atleast 3 reasons with brief descriptions behind your choice of choosing that particular city as a benchmark? (5 Marks)

Smart cities are the towns that have a modern competitive framework and the one which highlights the importance of records and communication technology (ICTs) in the town. Various innovative town projects had been launched using the Ministry of Housing and concrete Affairs (authorities of India). Nonetheless, the most famous and recent one became the smart towns

Qb. Suggest & describe atleast 2 innovative technology enabled services that you will introduce into Mysuru so that it can be called as a “Smart city”? (5 Marks)

Innovative city project is a target to make sure cities are well equipped with all the centers and a well-suited proper law and order that can help maintain the town’s security. This may assist in incentivizing the other cities and towns to undertake similar standards and guidelines to be part of the clever town task.

Management Theory and Practice

Q1. Green Bell is a retail giant in India. Currently only confined to metro cities for their giant super store outlets, they are planning to spread to smaller cities in India. While working on the resource allocation, HR is planning on shifting a few of the current staff to new locations while recruiting local staff at each location in parallel. They need to engage the current staff in training for the newer audience.

Discuss the expansion from the point of view of Hofstede’s five dimensions to include in the training. (10 Marks)

Hofstede’s Cultural Dimensions theory, established by Geert Hofstede, is a structure for expertise cultural variations between nations and figuring out how businesses are performed in different cultures. In different words, the structure is intended to distinguish between particular national cultures, their aspects, and their effect in a commercial context. Hofstede’s Cultural Dimensions principle was created using Geert Hofstede, a Dutch control researcher, in 1980. The reason for the examination turned into to discover the components of culture that differ. Power Distance

• Sateesh is a project manager in an IT company. He needs to deploy some additional developers to be based on site. He has a meeting with the HR for the same and needs to give a plan of resource deployment to the HR with clarity on how many new members’ vs how many current developers can be deployed on site. Managers have to make many decisions.

Discuss various types of decisions managers typically make based on nature of the decisions, level of the management or capacity. (10 Marks)

Depending on the extent, relevance, and influence of a choice, it can be divided into several classes. Numerous authorities have classed selections in numerous methods. Managers in corporations often make four classes of choices: programmed, non-programmed, operational, strategic, and others. Depending on the quantity, relevance, and impact of the decision, it could be categorized into considered one of many classes. The act or system of thinking about numerous possibilities and picking one is stated as policymaking. It’s vital to consider that

Q3. EarthMovers Ltd is into providing heavy vehicle services. They have various heavy vehicles like tractors, cranes, bull dozers, mixer trucks, etc. They have been growing increasingly and have employed a total staff of 1200. They have divided their business in a Divisional structure. Based on this information, answer the following questions.

• Discuss the features of divisional structure of organization and infer the divisions that EarthMovers may have employed. (5 Marks)

Parallel divisions, or working units, make up a divisional organizational structure. These divisions might be responsible for a positive product or service, a specific geographic area, or a specific client organization. A company’s divisional shape is one technique of organizing beautiful obligations. On the grounds of products or services, clients, and location, it develops

• Elaborate on the factors that influence organizational structures. (5 Marks)

After planning, the corporation’s position is the subsequent herbal step. Someone must labor and do the right project to obtain the plan’s targets. human beings are motivated to work because of the organizing function. “Managers are concerned in choices that result inside a machine of skilled coordinated jobs,” in line with the function. Many elements have a position in the

Marketing Management

Q1. Italiano is a popular restaurant in the Vile Parle area of Mumbai. The lockdown and subsequent Covid restrictions force the restaurant to shut shop. The owner Mr. Ranjeet Sharma is also the main chef of the restaurant decided to start operations from home and use the apps of Zomato and Swiggy to run the place as a cloud kitchen. The business not only survived but became a profitable venture. The recent lifting of restrictions has put Mr. Sharma in a quandary, should he now re-rent restaurant space at a very expensive rental value or should he continue to run it as a cloud kitchen. He has approached you, a marketing consultant for advice on devising a plan of action. What would you advise? Create a plan of action for the business. Create a communication plan. Create a consumer outreach plan.(10 Marks)

Introduction

In the small enterprise world, advisors are frequently regarded as very good to have nevertheless or a pricey outsider’s perspective. On the other hand, specialists can deliver expertise and capabilities that a company or organization may additionally want. They might also unencumbered a business’s untapped development and help it enhance its contemporary version of business. Marketing experts are being employed with the aid of an increasing number of businesses to build their brand’s physical and virtual visibility. Seeing that they’re so curious Its Half solved only

Q2. You are the marketing director of the Football Federation of India. Soccer as a sport although very interesting is not a popular audience sport in India. How would you generate consumer interest in Football? Create a marketing plan for making Football a consumer sport using the marketing mix principles. (10 Marks

The first level is to create a strategic advertising plan. As part of a complete digital marketing approach, I’ll begin by laying out football advertising targets, major participants who would be implicated, noted statements, and viewing public in India, in addition to maximizing the impact of football material. Before executing promotional strategies geared to fulfill football targets in India using drawing more followers and supporters, I will positive sports activities control, which is an approach for sports activities management, and collaborate with different agencies in

Q3. You are the marketing director for the supermax theatre chain. You want to build a footprintfor the chain across India. Before the commercial launch of the service, you want a betterorientation of consumer expectations.

• Plan a research program with clearly defined target groups, geographies, demographics you shall plan your research project. (5 Marks)

The study’s application includes the methods through which the studies go to be held, and it consists of the questions, the observations, and the strategies of engaging in the studies. The studies plan is the report which affords the facts concisely. It includes the reviews of the authors as correctly, and additionally, it describes the ranges of doing the studies. It consists of planning

• Create a 10-question survey questionnaire. (5 Marks)

Survey questionnaire includes all of the questions which the research content and it would be collected through the source of statistics and also it carries different components and the components, or the parts of the survey questionnaire are that there are well-known questions approach the common

Organizational Behaviour

Q1. Interpersonal relationships between superiors and subordinates in an organization involve different kinds of power equations. In your opinion, arrange the 5 sources of power in the order of importance that are based on superior-subordinate relationships in an organization. Justify your preference. (10 Marks) –

The ability to affect the conduct of some associates for your business is known as executive power—humans with differing impacts via the idea of groups. Electricity ought to come via a person’s rank within the corporation or by specific competencies & experience. Someone else might exercise authority due to their relational relations or the decisive point in their characters. Others attain control via presenting the functionality to supply control over assets. Due to the fact understanding power promotes control; those power centers preserve to remain relevant in

Q2. Performance of employees at the workplace depends on their personality traits. Describe the five major traits that most researchers agree upon and explain how they lead to meaningful workplace behavior. (10 Marks)

Character is described because of the sum of a person’s actions, mind, behaviors, and responses to different happenings within the subject of control. People had spent a lot of time exasperating to apprehend what marks our reply to the technique we behave. Unbiased factors, like ecological parameters or character potentials, might also affect the behaviors. Neuroticism, extroversion, openness to experience, conscientiousness & agreeableness are the massive five personality developments that are especially critical in developing employee productivity & higher task

Q3. Mr. Ranveer Goswami, the current CEO retired from the organization and everyone bid him a very emotional farewell. He was a people’s leader and the team was going to certainly miss him. The young CEO Ms. Riya Talwar who was going to take his position had a tall task ahead of her. She was eager to implement the ideas she had in mind to expand the organization and was one focused leader, doing everything in her capacity to lead the organization to greater success.

• Ms. Riya did not get the welcome or support she expected from the team. Her plans were not implemented with the same vigor that she had imagined? Which common organizational pitfalls in leadership are described in this scenario? (5 Marks)

While designing and implementing a healthcare gadget, management will face numerous obstacles. Whether or not such a leader can efficiently circulate thru or all over obstacles is decided by how they interact with them. There are three categories of common pitfalls that a pacesetter would possibly encounter: interpersonal, expert, and ecological. As they reply to man

• Correlating it to the above situation, explain how emotional intelligence would help the new CEO get the support she expects from her employees? (5 Marks)

Even as replicating the methods of emotional intelligence sections of the population isn’t possible, you could offer the required requirements for teammates to build their emotional maturity. Participants’ self-belief, a sense of belonging to a set, and a sense of operational improvement are the three

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