2nd Sem April 2020 Nmims Solved Assignments

Course: Business Low
Internal Assignment Applicable for April 2020 (last date 28 March 2020) Examination
1. Explain the types of Alternate Dispute Resolution Mechanisms and differentiate between
them?
Answer: Dispute involves the struggle of a person with another person, or a thing or a situation.
It is a problem or disagreement, a situation that needs resolution. Every employee faces an issue
of conflict at work. Disputes can be resolved if dealt the right way. Dispute resolution is the
process of finding a solution to a Dispute. Resolving disputes effectively creates more
understanding among those involved in dispute, increases team work, as members develop
stronger bonds., It also increases mutual respect, and improves self-knowledge as conflict is a
testing time, when the members can examine themselves. On the other hand, if disputes are not
effectively resolved, its results will be damaging. If team members have conflicting goals and no
solution is attained, it can break the team. Employees with conflicting goals ultimately start
disliking one another on a personal level. Disputes within the workplace that are not effectively
and timely resolved, affect the organisation in
2. Explain in details two (2) real-life instances where the consumer courts in India have
granted compensation due to medical negligence. Please explain the facts of the case and
respective decision of the consumer courts.
Answer: As a consumer, we spend our hard earned money wisely according to our needs. As a
common man we cannot do much about our exploitation or if some unethical activities are there.
Just to protect consumer against any wrong doings, Government introduced Consumer protection
act in 1986.
According to the Consumer protection act, 1986, following are the Rights of consumers
⮚ Right to safety: The right to be protected against the marketing of goods and services
that are hazardous to life and property.
⮚ Right to be informed: The right to be informed about the quality, quantity, potency,
purity, standard and price of goods or services, as the case may be, to protect the
consumer against unfair trade practices.
⮚ Right to choose: The right to be assured, wherever possible, access to a variety of goods
and services at competitive prices. In case of monopolies, say, railways, telephones, etc.,
it means right to be assured
NMIMS Fully solved assignment available for session APRIL

2020,
your last date is 28 MARCH 2020.
Lowest price guarantee with quality. On our website
www.aapkieducation.com
Charges INR 199 only per assignment. For more
information you can get via mail or Whats app also
Mail id is aapkieducation@gmail.com
After mail, we will reply you instant or maximum

1 hour.
Otherwise you can also contact on our
whatsapp no 8791490301.
You can call for any help,
Contact no is +91 87-55555-879.
2. Spring Meadows Hospital and another v Harjol Ahluwalia through K.S. Ahluwalia and
Another [(1998) 4 SCC 39]
In this complaint of the minor child through his parents before the National Commission, it was
contended that the child was admitted to the appellant hospital as in-patient with diagnosis of
typhoid. The nurse asked the child's father to purchase the injection Inj. Lariago recommended
by the Senior Paediatrician to be administered intravenously. When the nurse administered the
injection, the child collapsed immediately. The resident doctor found that the child had suffered
cardiac arrest and he attempted to resuscitate the child by manual pumping. After half an hour,
the Anaesthetist also reached the scene and started the procedure of manual respiration and the
Senior Paediatrician also followed but here was no improvement in the child' condition.
On advice, the child was shifted to the All India Institute of Medical sciences (AIIMS). The
doctors at the AIIMS informed the parents that the child was in a critical condition and even if he
survived he would live only in a vegetative state having suffered irreparable damage to the brain.
Sometime later, the child was discharged and again admitted to the appellant hospital. Based on
the evidence, the commission
3. Ria and Mia are two adult sisters. Ria is the elder sister and Mia the younger one. Both
the sisters were orphan but had huge properties bequeathed to them by their now deceased
parents. Mia first got married to Ravi whereupon Ria started living in the same residence
with Ravi and Mia together. Ria met with an accident and lost both her legs, Ravi and Mia
started taking great care of her even using their savings to bear medical expenses of Ria.
Ria after 2 years thereon decided to gift all her share of the properties to Mia. After 5
years, Mia then conceived a child and found it difficult to take care of Ria. She requested
Ria to go to a hospice, where she could be taken care of. Ria angered by this refused to do
so and started living separately with a maid, she demanded that the gift of the properties
made by her to Mia should be cancelled. Mia refused to do so. Assuming you are the judge
of the civil court hearing the matter, can you decide on the following questions:
a. Whether the gift of properties by Ria to Mia is valid? Whether Ria can oppose and seek
for cancellation of the gift? If yes on what grounds under Contract Act, 1872?
b. Can Mia claim from Ria the expenses undertaken by her for Ria’s medical expenses?
Explain with legal provisions in Contract Act, 1872?
Answer: a) Indian Contract Act really codifies the way we enter into a contract, carry out a
contract, and put into practice the requirements of a contract and the consequences of breaking a
contract. Essentially, a person is free to get into a contract on any terms he/she chooses. The
Contract Act consists of restraining factors subject to which contract may be entered into,
executed and breach enforced. It only provides a skeleton of set of laws and regulations, which
govern formation, and performance of contract. The contracting parties themselves determine the
rights and duties of parties and terms of agreement. The court of law acts as a watchdog to
enforce agreement, in case of non-

2020,


1 hour.
Contact no is +91 87-55555-879.
Course: Business Statistics
Mfr 1 - life of bulf (in Mfr 2 - life of bulf (in

hrs) hrs)
684 819
831 907
859 952
893 994
922 1016
939 1038
972 1096
1016 1153
697 836
835 912
860 959
899 1004
924 1018
943 1072
977 1100
1041 1154
720 888
848 918
868 962
905 1005
1. A sample of 20 bulbs each was picked from the manufacturing facility of two bulb
manufacturers – Mfr 1 and Mfr 2. The table above provides the life of bulbs for the two
manufacturers. You are a quality testing person and are presented with this data:
i. Which manufacturer has better performance on the life of bulbs? What are the different
measures you can consider to calculate performance?
ii. How would you assess the variability in performance of the two bulb manufacturers?
iii. Would your answer to the first question change based on your assessment of the
variability in performance of bulb manufacturers?
Answer: (i) To measure the performance of bulbs in terms of life, we need to calculate the
arithmetic mean and median and decide accordingly.
Calculation of mean
Mean:
Mfr 1 - life of bulf (in hrs) Mfr 2 - life of bulf (in hrs)
684 819
831 907

2020,


1 hour.
Contact no is +91 87-55555-879.
2. For the data in the table below:
i. What do the correlation coefficients of 1, shaded in yellow, indicate?
ii. The highest correlation coefficient is 0.84, shaded in green. What can you infer from that
score about the relationship between the two variables?
iii. The two lowest correlation coefficients are 0.06 and -0.06. What can you infer from that
score about the relationship between the two variables?
r correlation Asse Expen Retu 3- 5-
coefficient ts se rn Year Year
Ratio 2006 Retu Retu
rn rn
Assets 1
Expense - 1.00
Ratio 0.29
Return 0.08 -0.13 1.00
3-Year 0.07 -0.11 0.70 1.00
Return
5-Year 0.06 -0.06 0.59 0.84 1.00
Return
Answer: Correlation
When two or more variables move in sympathy with other, then they are said to be correlated. If
both variables move in the same direction then they are said to be positively correlated. If the
variables move in opposite direction then they are said to be negatively correlated. If they move
haphazardly then there is no correlation between them. Correlation analysis deals with the
following.
● Measuring the relationship between variables.
● Testing the relationship for its significance.
● Giving confidence interval for population correlation measure.
Causation and
3. The Indian cricket team is visiting New Zealand to play a test series comprising five
matches. In each match, assume that the Indian team has a 70% chance of winning.
Further, assuming that the matches are independent of each other, what is the probability
that:
a. The Indian team will win the series?
b. The team will win all five matches, and that the team will lose all?
Answer: There are 5 matches

Therefore, n = 5
Probability of winning of Indian team = 0.70
Therefore, p = 0.70
Let X be the
Course: Financial accounting and analysis

1. Ind AS norms are converged with the International Financial Reporting Standards, but
these are not equivalent to IFRS. Further, there are key differences between the
requirements of INDIAN GAAP, IFRS and Ind AS. Discuss five key differences among
these reporting standards.
Answer: IND-AS
It is a selected set of accounting policies or broad guidelines regarding the principles and
methods to be chosen out of several alternatives. Standards adhere to certain laws, customs,
usage and business environment in which it operates. The basic purpose of accounting standards
is to harmonize the diverse accounting policies and practices that are currently used in India. The
adoption of accounting standards ensures uniformity, comparability and qualitative improvement
in the preparation and presentation of financial statement. Accounting standards facilitates more
disclosure of financial information that is beyond the statutory limits.
IND AS stands for Indian Accounting standards and is converged standards for International
Financial Reporting standards (IFRS). In simple terms, Indian accounting standards came into
existence to meet the requirements of IFRS. The Government of India in consultation with ICAI
decided to converge and not to adopt IFRS issued by the International Accounting standards
Board (IASB). Indian Accounting Standards (IND AS) were issued by Central Government of
India
2020,


1 hour.
Contact no is +91 87-55555-879.
2. Mehra & Sons purchased a second hand light motor Vehicle at a cost of Rs 2 lacs.
Additionally, various accessories costing Rs50000 were also purchased along with the
Vehicles which are required to be replaced on a yearly basis. Mr. Mehra wants to write off
the overall outflow in Income statement Discuss, whether he is correct or not? Discuss the
need to differentiate between the capital and revenue items? How these items are to be
treated in the financials of the company? Give reasons supporting the same
Answer: Definition of Capital Expenditure

When any company buy any long term asset so amount spent on that asset is called capital
expenditure. The purpose is to enhance the working capacity of any existing capital asset, or to
increase its lifespan to generate future cash flows or to decrease the cost of production. As a huge
amount is spent on it, the expenditure is capitalised, i.e. the amount of expenditure is spread over
the remaining useful life of the asset.
In a nutshell, the expenditure which is done for initiate current, as well as the future economic
benefit, is capital expenditure. It is a long-term investment done by the entity, in the name of
assets, to create financial gain for the years to come. For example – Purchase of Machinery or
installation of
3. a. All India Insurance Company received an insurance premium of Rs 50 lacs on an

insurance policy whose coverage extends till the mid of the next accounting year.
3. b. Additionally, the company has a monthly salary expense of Rs 25 lacs. For the
accounting year ended on March 31, 2019 the company paid 275 lacs on account of salary.
The salary for the month end is paid in the first week of April 2019.
Discuss the treatment of both of these payments in the books and disclosures in the
financial statements, as on 31st March 2020
Answer: a) Unearned revenue is money received from a customer for work that has not yet been
performed. This is advantageous from a cash flow perspective for the seller, who now has the
cash to perform the required services. Unearned revenue is a liability for the recipient of the
payment, so the initial entry is a debit to the cash account and a credit to the unearned revenue
account.
As a company earns the revenue, it reduces the balance in the unearned revenue account (with a
debit) and increases the balance in the revenue account (with a credit). The unearned revenue
account is usually classified as a current liability on the balance sheet.
If a company were not to deal with unearned revenue in this manner, and instead recognize it all
at once, revenues and profits would initially be overstated, and then understated for the
additional periods during which the revenues and profits should have been recognized. This is
also a violation of the matching principle, since revenues are being recognized at once, while
related expenses are not being
Course: MARKETING MANAGEMENT

Dolls, Cars, activity kits, board games are toys liked by kids. M/s Wonderkids, a company
that has multiple businesses has been eying the opportunity to target kids with various toys.
The company has launched a doll with the name “Pari” and a car with the name “Speedy”.
The company plans to distribute the products across the country. The doll “Pari” is
available in the range of Rupees 400 – 600 whereas the speedy car is available in the range
of Rupees 350 -550. The company plans to target B2B customers by selling bulk quantity to
kids based park, play groups. The company has just launched the product and it has hired
you to handle the marketing activities of the new launched products.
1. Explain various ways to segment consumer market.
Answer: A market segment is a portion of a larger market in which the individuals, groups, or
organisations share one or more characteristics that cause them to have relatively similar product
needs.
Five conditions must exist for segmentation to be meaningful:

1. A marketer must determine whether the market is heterogeneous. If the consumers‟ product
needs are homogeneous, then it is senseless to segment the market.
2. There must be some logical basis to identify and divide the population in relatively distinct
homogeneous groups, having common needs or characteristics and who will respond to a
marketing programme.
3. The total market should be divided in such a manner that comparison of estimated sales
potential, costs and profits of each segment can be estimated.
4. One or more segments must have enough profit potential that would justify developing and
maintaining a marketing programme.
5. It must be possible to reach the target segment effectively. For instance, in some rural areas in
India, there are no media that can be used to reach the targeted groups. It is also possible that
paucity of funds prohibits
2020,


1 hour.
Contact no is +91 87-55555-879.
2. What is the distribution channel that you will use to distribute the product across Indian
market? Explain the same with reason.
Answer: Every marketing activity starts and ends with the customer. The customer is the
ultimate target for a marketer. The availability of the product in the market depends on the
efficacy of the distribution channel. Therefore, the distribution channel plays a significant role in
the marketing activities. The success of a company’s marketing effort depends upon its
command on the distribution network. The company can reach customers either directly through
its own sales force (called direct marketing) or through a set of intermediaries and channel
members (called indirect marketing).
The channels of distribution perform the following functions:
a. They facilitate the physical movement of goods from the point of production to the point of
consumption.
b. They undertake storage of goods.
c. They transfer or help in the transfer of title
3. a. Who will you select as a brand ambassador for “Pari” and “Speedy”? Explain the
same with reason.
3. b. Explain various types of consumer products and state which type of consumer product
is “Pari” and “Speedy”?
Answer: a) Brand ambassadors play a major role in the marketing of a particular brand, service
or product. Brand ambassadors are the main reasons for many people to buy the endorsed
products. Brand ambassador is the first person who believes in your brand and agrees to endorse
it using his/her expertise, experience, knowledge, skills etc. If they don’t believe in the brand,
there is very little they can do at the core and cry of being authentic in this age. Brand
ambassadors represent the brand whenever they can and wherever they find themselves. It is the
duty of brand ambassadors to make the product likeable, more interesting and different from
others. They convince the consumers to trust the brand.
There are two products offered by the company i.
Course: Strategic Management

1. You are the owner of a multi-million-dollar Retail business in India. Since the past 5
years, your financial reports are showcasing a consistent drop in revenues & have entered
into a loss-making position. Your market share is also falling & your organization is now
believed to be in a weak market position. Which set of corporate strategies will you
explore? Finalize the corporate strategy you would finally choose & how will you execute
the plan?
Answer: Corporate strategy can be defined as the efforts of an organization, in terms of scope
and direction and the functioning of different processes within an organization in order to
achieve certain goals and objectives. In simple terms, corporate strategy can be explained by the
Johnson, Scholes and Whittington model where strategic options are analyzed through three
criteria, namely:
Suitability: Would it work?
Feasibility: Can it be made to work?
Acceptability: Will they make it work?
Johnson and Scholes define

2020,


1 hour.
Contact no is +91 87-55555-879.
2. As the Chief Strategy Officer of Kia Motors & having entered India recently, you have to
decide on a Strategy Implementation tactic to take on the fiercely contested automobile car
market space in India. Which Market Location tactic would you plan to choose to take on
other automotive rivals in this space? Justify with reasons?
Answer: Strategic management is an important part of a business. It helps an organization in

attaining desired goals. It involves identification, selection and implementation of those activities
that can enhance the long-term performance of an organization. Strategic management comprises
activities aimed at efficient and effective utilization of resources so that desired goals are
achieved.
While deciding the future plan of action for the organization, managers have a variety of options
open before them. So, their decisions give direction to the organization and an identity to its
future prospects. Strategic management involves identification, selection and implementation of
such activities that enhance the long-term performance of an organization. This is done by
setting the direction of the organization for the future and by creating a continuous process of
compatibility between the
3. You are the Head-Manufacturing of Godrej Industries. You are planning to set up a
brand-new Manufacturing plant at a village in rural Maharashtra.
a. Perform a Stakeholder analysis & suggest which all stakeholders will be taken into
confidence & also what would be your communications approach plan to bring them into
your point of view?
b. Highlight some of the creative & innovative initiatives that you would undertake to
convince the stakeholders that you mean good for all the stakeholders.
Answer: a) The organization is influenced by a number of factors including the stakeholders’
expectations. Some strategies designed by the management may not be approved by the
stakeholders. If the stakeholders are more powerful, they will influence the management’s
strategy and even modify it to suit them. In case the management is more powerful, their strategy
will ultimately be accepted by one and all. Another factor that influences the organization
strategy is the culture followed within the organization as well as by the world outside. The
strategic position of an organization can be evaluated and determined by the combined influence
of its own capability as well as the political,
Course: Essentials of HRM

1. There is a lot of prominence given to the fact that the processes like HR audit and HR
accounting can only be successful if accurate HR information is available. Throw light to
authenticate this statement with proper explanation on needs and application of HRIS in
relation to retention strategy & performance appraisal. Also, conclude by emphasizing the
significance of HRIS in today’s era.
Answer: I do agree with the statement that HR audit and HR accounting can only be successful
if accurate HR information is available. Human resource information system will be helpful in
this respect and solve the said purpose. An information system especially developed for the
human resource management function is called an HRIS–Human Resource Information System.
HRIS has become one of the most important tools for many businesses. Even a small, 20-person
office needs to realise the benefits of using HRIS to be more efficient. Many firms do not realise
how much time and money they are spending on manual Human Resource Management (HRM)
tasks until they sit down and take inventory of their time. HRIS is advancing using Information
Technology (IT). It allows companies to cut costs and offer more information to employees in a
faster and more efficient way. Especially in difficult economic times, it is critical for companies
to become more efficient in every sector of their business and Human Resource (HR) is no
exception.
HRIS refers to software packages

2020,

1 hour.
Contact no is +91 87-55555-879.
2. Often it is noticed that employees do not find their performance evaluation quite a
progressive experience. Adding to the misery is a fact that most managers will avoid
discussing performance issues related to behaviour. It’s more about discussing concrete job
responsibilities, skills and goals. There may be a grave concern that is never brought up
because the manager is afraid of the reaction or may lack the ability to translate it into the
right words. Keeping in view the above scenario/ situation discuss any two performance
appraisal methods where feedback to the employee is essential and can help resolve such
problems.
Answer: Performance appraisal is the process of obtaining, analysing and recording information
about the relative worth of an employee. The focus of the performance appraisal is measuring
and improving the actual performance and also the future potential of the employee. Its aim is to
measure what an employee does. According to E. B. Flippo, "performance appraisal is the
systematic, periodic and an impartial rating of an employee’s excellence in the matters pertaining
to his present job and his potential for a better job." Performance appraisal is a systematic way of
reviewing and assessing the performance of an employee during a given period of time and
planning for the future as well.
It is a method of evaluating the behaviour of employees in a work place in both quantitative and
qualitative aspects of job performance. It is a process which involves determining and
communicating to an employee how their performance has been and ideally, establishing a plan
for further improvement. In other
3. Rachel joined Shimmer Net a software company as program developer. On the very first
day of her joining she was handed over some literature and asked to take notes as well as
cues from it which can be utilized at her work. Learning the job role and responsibilities by
herself was becoming quite a task so she went to her peers for help when needed. It was
seen that her peers started avoiding her as they had their own work and Rachel’s queries
were disturbing them. Rachel was in crossroads and sad hence resigned from her work
within two months of joining. The HR department analyzed and came to a conclusion that
the prominent reason is lack of induction.
a. What innovative approach should the HR department come up with in terms of
Induction? Discuss
b. Explain the purpose of induction that how things could have been different for Rachel if
the organisation followed a proper induction pattern.
Answer: a) An induction program is a very important step when new employees join an
organisation. It provides an introduction to the working environment and the role of the
employee in the organisation. Induction covers the employer and employee rights and, the terms
and conditions of employment. An induction program definitely covers any legal and compliance
requirements of the organization. Also it definitely tells employees about the health and safety
precautions to be taken in certain situations.
Innovative approach for induction

The duration of the induction program differs from organisation to organisation and depends on
the type of position of the new employee. Most induction programs take about a week. However,
the training can go up to a month or three also. The essential thing to remember is not to create
‘information overload’. If possible some background information about the organisation should
be conveyed to the employee prior to the

2nd Sem April 2020 Nmims Solved Assignments

Загружено:

Сведения о документе

Оригинальное название

Авторское право

Доступные форматы

Поделиться этим документом

Поделиться или встроить документ

Параметры публикации

Этот документ был вам полезен?

Это неприемлемый материал?

Авторское право:

Доступные форматы

2nd Sem April 2020 Nmims Solved Assignments

Загружено:

Авторское право:

Доступные форматы

Course: Business Low

NMIMS Fully solved assignment available for session APRIL

After mail, we will reply you instant or maximum

NMIMS Fully solved assignment available for session APRIL

Charges INR 199 only per assignment. For more

After mail, we will reply you instant or maximum

Mfr 1 - life of bulf (in Mfr 2 - life of bulf (in

NMIMS Fully solved assignment available for session APRIL

Charges INR 199 only per assignment. For more

After mail, we will reply you instant or maximum

Answer: There are 5 matches

Course: Financial accounting and analysis

Charges INR 199 only per assignment. For more

After mail, we will reply you instant or maximum

Answer: Definition of Capital Expenditure

3. a. All India Insurance Company received an insurance premium of Rs 50 lacs on an

Course: MARKETING MANAGEMENT

1. Explain various ways to segment consumer market.

Five conditions must exist for segmentation to be meaningful:

Charges INR 199 only per assignment. For more

After mail, we will reply you instant or maximum

There are two products offered by the company i.

Course: Strategic Management

Johnson and Scholes define

NMIMS Fully solved assignment available for session APRIL

Charges INR 199 only per assignment. For more

After mail, we will reply you instant or maximum

Answer: Strategic management is an important part of a business. It helps an organization in

Course: Essentials of HRM

HRIS refers to software packages

NMIMS Fully solved assignment available for session APRIL

After mail, we will reply you instant or maximum

Innovative approach for induction

Вам также может понравиться