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Business Law
1. Explain the difference between (i) express
conditions and warranties; and (ii) implied conditions and warranties. List
out, with distinct examples, the different implied conditions and warranties
contained under Sales of Goods Act, 1930.
2.
List at least 2 (two) cases that have been decided by Competition Commission of
India that has led to ensure that any adverse appreciable effects on
competition or abuse of dominant position has been contained by Competition
Commission of India. (10 Marks)
3.
Arunima, Nishita, Shanaya and Komal are homemakers who decided to run a
business of a homemade tiffin service in the city of Nagpur. The business has
grown exponentially and there is a need to expand the business, which requires
an investor. They have approached various venture capitalists who have advised
them that they should first get their entity registered. Post registration of
entity the venture capitalist may look at investing or buying a stake in the
business. Hence, they have approached you for some advice:
a)
Can you explain the different forms of business entities prevalent in India?
b)
After going through different types of business, they have taken a special
interest in partnership firm with limited liability. Can you advise them in
detail on what is partnership firm with limited liability, formation and rights
and liabilities of such partner?
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Business Statistics
Question 1. Consider the following data
of 26 restaurants serving in Mumbai.
Restaurant
|
Location
|
Area
(square feet)
|
Number
of items in menu
|
Sales
in crores
|
A
|
Busy
|
2500
|
35
|
4.1
|
B
|
Less
busy
|
50
|
45
|
5.1
|
C
|
Busy
|
450
|
36
|
4.3
|
D
|
Less
busy
|
700
|
45
|
4.9
|
E
|
Busy
|
700
|
40
|
4.7
|
F
|
Less
busy
|
400
|
25
|
2.6
|
G
|
Busy
|
800
|
50
|
5.2
|
H
|
Less
busy
|
300
|
20
|
2.2
|
I
|
Less
busy
|
350
|
34
|
3.8
|
J
|
Busy
|
700
|
42
|
4.1
|
K
|
Busy
|
450
|
34
|
3.9
|
L
|
Less
busy
|
200
|
12
|
1.6
|
M
|
Busy
|
500
|
30
|
2.7
|
N
|
Less
busy
|
400
|
37
|
3.9
|
O
|
Busy
|
500
|
35
|
3.1
|
P
|
Less
busy
|
600
|
32
|
3
|
Q
|
Busy
|
800
|
45
|
4.9
|
R
|
Less
busy
|
400
|
35
|
3.8
|
S
|
Busy
|
650
|
40
|
4
|
T
|
Less
busy
|
400
|
25
|
2.3
|
U
|
Less
busy
|
900
|
52
|
5.1
|
V
|
Busy
|
500
|
42
|
4.2
|
W
|
Busy
|
350
|
40
|
4.1
|
X
|
Less
busy
|
300
|
25
|
2.2
|
Y
|
Busy
|
700
|
30
|
3
|
Z
|
Less
busy
|
300
|
20
|
2.1
|
Is the Location variable - a nominal,
an ordinal, an interval or a ratio variable? How can we code it so that we can
use it in analysis (hint: binary)?
Which
of the variables are determining Sales based on the above data? Take p <
0.05 for interpreting your multiple regression. You can use output from
Ms-Excel or other software, but you are required to interpret it.
Is
your regression model statistically significant? How is Adjusted R2 different
from R2?
Suppose
you want to open a new restaurant. Given that this new restaurant of 1000
square feet will be located in a busy location and will have 40 items in its
menu - what would be the predicted sales? (10 Marks)
Question
2.
Based
on the data in question 1 above, suppose that in order to plan the area (square
feet) of your new restaurant, you want to consider information about the area
(square feet) of existing restaurants. What is more appropriate in this case –
mean, median or mode? Calculate them and explain.
What
do you know about the symmetry of the distribution of the Number of Items in
Menu?
As
an investor you do not want much variability in Sales. Calculate standard
deviation and inter-quartile-range of Sales and comment when they are useful as
measures. What values (maximum, minimum) of Sales lie within two standard
deviations, assuming normal distribution? (10 Marks)
Question
3
Suppose
you are a consultant hired to help NMIMS in understanding student perception of
quality of study materials and student assessment process at NMIMS.
a. What
are the types of random sample survey, in general? What sampling method would
you recommend in this case for your study and why? (5 Marks)
b. Consider
the scores from a multiple-choice test from a question bank (random), used for
student assessment. Explain Central Limit Theorem and its applicability to this
case.
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Financial Accounting
& Analysis
Question 1
One
of your colleague is going to make a presentation in the sales meeting.
However, he finds difficult to understand the difference between gross profit,
operating profit and net profit. Explain these terms to your colleague by
discussing how these are calculated and highlighting the relevant points. (10
Marks)
Question
2
The
provisions of AS-3 provide two methods for preparing the cash flow statement.
Discuss how the manner of computation of cash flow from operating activities
under direct method and under indirect method differs from each other. (10
Marks)
Question
3
On
April 1st 2016 your company purchased an asset at a cost of 7 lacs and incurred
Rs50000 on installation. The machinery being depreciated on WDV method every
year. On March 31st 2019, the machinery was sold for Rs4.5 lacs.
a)
Pass relevant journal entries to recognize the profit or loss and sale of asset
(5
Marks)
b)
Calculate the profit or loss on disposal, Calculate Closing book value and
depreciation for the years 2016-19 (5 Marks)
Essentials of HRM
1. Mahadev & Mahadev is a tourism
and luxury travel company owned by Mr. Gajaraj Mahadev. His son Karan completed
his tourism management course and joined the family business. After six months
of joining the organization, he realised that there are gaps in the HR
processes. Karan discussed the same with the HR Head, which he refused to accept.
Karan is now sure that there are plethora of loopholes in the HR system. He now
wants to conduct a HR audit which has never been a practice before. He needs to
convince his father for the same. How can Karan justify the need, objectives
and importance of HR audit to Mr. Gajaraj? (10 Marks)
2.
Take any two E commerce sites and discuss their training and development
methodology? (10 Marks)
3.
Sanjay works as a Product Manager in Green Pvt Ltd. which is a FMCG company.
From the past five years he has been a consistent performer and has always got
a good increment. Even though he earns really good but there hasn’t been much
progress as far as his career is concerned. He is still holding the same
designation since the time he joined the organisation. This has deeply impacted
Sanjay’s morale which could be seen in his aggression towards his peers. You
are an external consultant hired for organisational development. After
observing the organisation and its employees for eight months you interpreted
that it is not only with Sanjay but widely all employees are very dissatisfied
the way their career is progressing. Based on the above scenario:
a. What
is missing in Green Pvt. Ltd. and why Sanjay and other employees are so
dissatisfied? Discuss with a proper rationale. (5 Marks)
b. As a
Consultant device a solution for Green Pvt. Ltd and chalk out a proper career
planning method.
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Marketing Management
Case
“Swaad”
is a regional brand for pickles and spices. The demand for the brand has been
growing. The pickles are made by traditional practices. The company has hired
only females to make good quality pickles. The pickles and spices are made
using natural ingredients. The packaging is done in a traditional jar which can
increase the shelf life of the product. The pricing of the product is higher
than other existing competitor’s brand. The biggest marketing communication for
them is Word of Mouth because of which “Swaad” is very popular in the regional
market. The company understands that there is a huge potential for the brand to
establish itself in the national market.
The
company is planning to grow its business across the country and they hire you
as a Marketing Manager. They want you to develop the business and advise them
on various issues.
1.
Study various elements of micro and macro environment for Indian Market and
suggest whether the company should expand its business. (10 Marks)
2.
Explain various ways to promote the Brand “Swaad”. (10 Marks)
3.
a) Explain the buyer decision making process for pickles. (5 Marks)
3.
b) Suggest the psychographic and behavioural segmentation for the Brand “Swaad”
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Strategic Management
1.
China’s largest commercial vehicle firm Beiqi Foton wishes to enter India’s
Automotive market. Conduct a PESTLE analysis for Beiqi in India & suggest
whether Beiqi should enter India or otherwise.
2.
You have been appointed as a Strategy Consultant to Dolce & Gabbana Italian
brand wanting to enter India. Which one of Porter’s Generic Strategies would
you choose to be operational in India & explain the reasons in detail
behind your choice of strategy? Once the strategy has been chosen, explain the
categories of customers you would target? (10 Marks)
3.
You are the Chairman of Nissan Motors in Japan. Your Indian subsidiary Nissan
India has managed to gain only 1.9% of the market share so far & Competitor
brands such as Maruti & Hyundai account for 50% & 17% of the market
shares respectively.
a.
What turnaround strategies can you suggest to arrest the decline of revenues
& profitability of your company? (5 Marks)
b.
In your opinion, would it be considered appropriate to pursue a Combination
Strategy? State your response with appropriate justifications & reasons.
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