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NMIMS 1st sem Questions sample
Business Communication
Dec 2024 Examination
Q1: Jyoti, a seasoned marketing executive, was tasked with presenting a new product
launch strategy to two very different audiences: the company’s senior management team
and a group of young, tech-savvy consumers. She knew that a one-size-fits-all approach
wouldn’t be effective. She needed to adapt her message and delivery to resonate with each
group. What factors must Jyoti keep in mind for controlling the style and tone for each
of her audience? (10 Marks)
Ans 1.
Introduction
Effective communication is crucial for any marketing strategy, especially when addressing
different target audiences. Jyoti, as an experienced marketing executive, must recognize that
the senior management team and young, tech-savvy consumers represent two distinct groups,
each with its own preferences, expectations, and communication styles. The senior
management team is likely focused on strategic insights, financial implications, and business
outcomes. On the other hand, the tech-savvy consumer group will be interested in innovation,
features, user experience, and trends. Therefore, Jyoti needs to adjust her presentation style,
language, and approach to cater to these divergent needs. Understanding the audience’s
background, preferences, and expectations will allow Jyoti to effectively tailor her message,
making it engaging, relevant, and impactful for both groups. This approach ensures that the
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Q2: (A) Anand Industries, a giant into Indian sweets and snacks, is primarily reliant on
emails and phone calls for their business. They now want to use more modern digital tools
for business communication and managing workflow. What are some of the digital tools
the company can use to enhance their business communication? (5 Marks)
Ans 2A.
Introduction
In today’s digital era, relying solely on emails and phone calls is insufficient for efficient
business communication. Anand Industries, a leader in the Indian sweets and snacks market,
needs to integrate modern digital tools to streamline communication, improve workflow, and
enhance collaboration. By leveraging innovative platforms and software, the company can
ensure smoother internal communication, better project management, and improved customer
(B) What ethical communication practices must Anand Industries keep in mind while
using digital communication tools?
Ans 2B.
Introduction
In the digital age, as Anand Industries adopts modern communication tools to enhance
workflow and connectivity, it is crucial to maintain ethical communication practices. Ethical
communication not only upholds the company’s values but also fosters trust, transparency, and
integrity in interactions with employees, customers, and stakeholders. In the context of using
digital platforms like project management software, instant messaging apps, and CRM systems,
e
Financial Accounting
Dec 2024 Examination
Q1. Given the following information of ABC Ltd. as of March 31st:
1. Revenue: Rs. 5,00,000
2. Cost of Goods Sold (COGS): Rs. 3,00,000
3. Operating Expenses: Rs. 80,000
4. Depreciation: Rs. 30,000
5. Tax Rate: 30%
Prepare the Income Statement and calculate the Net Profit after Tax. Additionally,
evaluate how the inclusion of non-cash items like depreciation affects the financial
position of the company, and discuss its significance in decision-making for stakeholders.
(10 Marks)
Ans 1.
Introduction
An Income Statement, also known as a Profit and Loss (P&L) Statement, is a key financial
document that summarizes a company’s revenues, expenses, and profits over a specific period.
It serves as a critical tool for stakeholders, such as investors and creditors, to assess the
company’s profitability and financial health. For ABC Ltd., the provided data will be used to
construct an Income Statement for the financial year ending March 31st. Additionally, we will
calculate the Net Profit after Tax to determine the company’s earnings performance.
A unique aspect of this analysis includes the impact of non-cash items, such as depreciation.
Although depreciation does not represent an actual cash outflow, it affects net income and
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Q2A. Compare and contrast the role of journal entries and ledger accounts in the
accounting process. How does the relationship between these two elements ensure
accurate financial reporting? Support your answer with examples. (5 Marks)
Ans 1.
Introduction
In financial accounting, journal entries and ledger accounts are fundamental components that
form the backbone of the accounting process. Journal entries record business transactions in a
chronological manner, while ledger accounts categorize and summarize these transactions
based on specific accounts (e.g., cash, sales). Together, they provide a clear and structured
method to track a company’s financial activities, ensuring accurate and complete financial
reporting. Let’s explore their roles, differences, and how they work together to maintain the int
Q2B. Analyze how changes in accounting policies, such as revenue recognition, can alter
the interpretation of a corporation’s financial performance and position. Discuss the
potential implications for investors and creditors using real-life corporate examples. (5
Marks)
Ans 2b.
Introduction
Accounting policies, like revenue recognition, play a critical role in presenting a company’s
financial performance and position. Changes in these policies can significantly affect how
income, expenses, and profits are reported, influencing stakeholders’ perception of a company’s
financial health. Revenue recognition determines when and how revenue is recorded, and any
changes can alter reported earnings. Investors, creditors, and other stakeholders rely on
Marketing Management
Dec 2024 Examination
Q1 Scenario: XYZ Corporation, a leading fashion retailer, traditionally caters to middleaged
consumers.
Due
to
demographic
shifts,
there
is
a
growing
interest
among
younger
consumers with different tastes and
purchasing
behaviors.
Task:
As a marketing manager, propose a revised marketing strategy for XYZ Corporation.
Address the demographic shift, and justify your recommendations using relevant
marketing theories and concepts.
Ans 1.
Introduction
XYZ Corporation is a prominent retailer in the fashion industry, traditionally focused on
serving middle-aged consumers. However, recent shifts in demographics indicate a growing
interest from younger consumers. These younger demographics, typically Gen Z and
Millennials, differ significantly in their preferences, shopping habits, and values. Unlike the
older generation, these consumers seek trendy, sustainable, and unique products and are highly
influenced by digital trends, social media, and online influencers.
To remain competitive and increase market share, XYZ Corporation must adapt its marketing
strategy to meet the needs of these younger consumers. This adaptation involves understanding
th
ly bridge the gap between its traditional and emerging consumer segments.
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Q2(A): A consumer electronics company wants to expand into the business market by
offering bulk sales to corporate clients. Explain two key differences between business
markets and consumer markets, with examples.
Ans 2A.
Introduction
A consumer electronics company looking to expand into the business market must understand
the fundamental differences between business markets (B2B) and consumer markets (B2C).
While consumer markets focus on individual buyers, business markets target organizations,
corporations, or businesses that purchase products in bulk for operational use or resale.
Understanding these differences is crucial for developing an effective marketing strategy
tailored to meet the specific needs and expectations of corporate clients, ensuring successful
Q2(B): The same electronics company is experiencing declining sales for its flagship
product and plans to initiate an internal idea generation process. Discuss the effectiveness
of using internal resources for new product ideas, highlighting potential challenges and
benefits.
Ans 2B.
Introduction
The consumer electronics company faces declining sales for its flagship product and aims to
rejuvenate its portfolio through an internal idea generation process. Internal idea generation
leverages the company’s existing talent, expertise, and industry knowledge to create innovative
product solutions. By utilizing in-house teams for brainstorming and development, the
company hopes to capitalize on its employees’ insights and reduce the time needed for product
id
Micro Economics & Macro Economics
Dec 2024 Examination
Q1: The COVID-19 pandemic of 2020 caused significant disruptions to international
business operations because numerous firms relied on suppliers from different nations,
notably China. Many companies used lean production methods and kept low inventories
in order to cut costs. However, this made them susceptible to supply chain interruptions.
For instance, worldwide supply lines for electronics, including parts for laptops and cell
phones, were impacted when lockdowns forced Chinese facilities to close. The fact that a
large portion of auto parts were made in China presented difficulties for auto makers as
well, resulting in major global production halts.
What impact would the COVID-19 worldwide lockdowns have on Europe’s supply curves
for consumer electronics and auto factories? Explain your observations about the
aforementioned scenario, emphasizing the supply side and the shift in the supply curve.
(Note: You can make assumptions as per the requirement of the case.) (10 Marks)
Ans 1.
Introduction
The COVID-19 pandemic in 2020 created unprecedented disruptions in global supply chains,
particularly impacting industries heavily reliant on international suppliers, such as consumer
electronics and the automotive sector. Europe, like many other regions, faced severe
consequences as a result of lockdowns, especially in China, which is a major supplier of critical
components. Lean production strategies, which emphasize minimal inventory to reduce costs,
became a double-edged sword, leading to significant vulnerabilities when supply chains were
interrupted. As a result, many European firms found themselves unable to source key parts,
halting production and affecting availability in the market. This supply shock led to shifts in s
Q2 (A): The London “black cab” taxis are amongst some of the most expensive in the
world. They compete to some extent with minicabs, which tend to be cheaper. However,
minicabs are not allowed to pick up customers off the street; they have to be booked in
advance, and their drivers do not have to memorize a London street map. Minicabs
operate in a more competitive market and require less of the drivers. Black cab (licensed)
cab drivers must pass a background check and medical test and pay fees over 200 pounds.
This may help to ensure that passengers are safe and drivers are accountable, but it also
means that they have a monopoly on picking up people on the streets. Elaborate on the
given market structure (Black cabs and Minicabs) and discuss the implications for
markets with high barriers to entry. (5 Marks)
Ans 2A.
Introduction
The London taxi market is an illustrative example of a market segmented by regulatory barriers,
specifically in the contrast between “black cabs” and “minicabs.” Black cabs, known for their
iconic appearance and premium rates, hold exclusive rights to pick up customers off the street,
a privilege secured through strict licensing requirements. Minicabs, though cheaper and less
regulated, cannot legally pick up street passengers without prior booking. This structure,
highlighting the impact of regulatory and economic barriers, provides insights into competitive
dynamics and consumer implications within markets with high entry barriers.
Concept and Application
The distinct market structure of London’s black cabs and minicabs arises from different
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Q2(B): The two main industries driving Zamland’s economy are manufacturing and
agriculture. The government aims to optimize production in both areas, given its limited
financial resources and workforce of ten thousand individuals. In order to improve
economic well-being, a balance between agricultural produce and manufactured items is
desired.
Based on resource allocation, the Zamland PPC (Production Possibility Curve) shows
different production combinations for manufactured items and agricultural goods.
The PPC for Zamland illustrates various production combinations for agricultural goods
and manufactured products based on resource allocation.
Production
Combinations
(Hypothetical Table)
Agricultural Goods
(Units)
Manufactured Products
(Units)
Point A
500
0
Point B
400
50
Point C
300
80
Point D
200
100
Point E
100
120
Point F
0
140
Explain the concept of Production Possibility Curve and the scarcity in Zamland that is
reflected in the production possibility curve in the given scenario. You are also required
to share your views on the implications of operating inside the production possibility
curve in Zamland and what does it suggest about resource utilization? (5 Marks)
Ans 2B.
Introduction
The Production Possibility Curve (PPC) is an economic tool that illustrates the trade-offs and
opportunity costs a country faces when allocating resources between different goods. In
Zamland, the PPC shows the production possibilities between two vital industries: agriculture
and manufacturing. With limited financial resources and a workforce of 10,000, Zamland must
strategically balance these sectors to optimize economic output. Understanding the PPC allows
Organizational Behavior
Dec 2024 Examination
Q1. Nisha, as a head of operations at a mid-sized manufacturing company, has a team
that is diverse in both experience and motivation levels. The company has recently
undergone a turnaround process, that has left some employees feeling insecure about
their future roles. Nisha observes that some of her team members are highly motivated
and consistently exceed their targets. A few others seem disengaged and often struggle to
meet their goals.
As an OB expert, Nisha is considering different motivational strategies to improve team
performance. She is aware that a one-size-fits-all approach may not work. Based on
motivation theories (Maslow’s Hierarchy of Needs, Herzberg’s Two-Factor Theory, and
Vroom’s Expectancy Theory), evaluate the possible reasons for the varying levels of
motivation in Nisha’s team. Recommend strategies Nisha could implement to boost
motivation across the team, considering both intrinsic and extrinsic motivators. (10
Marks)
Ans 1.
Introduction
In the modern business environment, motivation plays a crucial role in achieving organizational
success. For leaders like Nisha, managing a diverse team with varying levels of experience,
skills, and motivation can be challenging, especially after a significant organizational change.
Motivation is the driving force that encourages employees to meet their goals and contribute
effectively to the organization. However, due to the recent turnaround process, some team
members may feel insecure about their roles, which can impact their engagement levels. The
disparity in motivation levels within Nisha’s team suggests that a single approach may not
suffice. Utilizing well-established motivational theories such as Maslow’s Hierarchy of Needs,
Herzberg’s Two-Factor Theory, and Vroom’s Expectancy Theory, Nisha can develop a more
tailored strategy that addresses each team member’s unique needs and motivations. By
understanding these theories and applying them effectively, Nisha can foster a more motivated,
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Q2 (A) Vidya is a project leader at an IT company, and her team has individuals with
varying levels of experience and cultural backgrounds. Recently, she noticed a
disagreement and arguments between two team members, Richard and Pallavi. Richard
believes that Pallavi is not contributing enough to the team’s success, while Pallavi feels
that Richard undermines her ideas and doesn’t give her the opportunity to share her
thoughts.
As their leader, Vidya wants to understand the situation better and resolve the issue.
Based on the concept of human perception, explain how Vidya can use her understanding
of the key stages of perceptual processes to address the situation between Richard and
Pallavi. (5 Marks)
Ans 2A.
Introduction
Conflict in diverse teams is common, especially when individuals hold different perspectives
on contributions and recognition. As a project leader, Vidya faces a challenge in resolving a
conflict between two team members, Richard and Pallavi. Richard perceives Pallavi as less
contributive, while Pallavi feels undermined. Vidya can use her understanding of the perceptual
process to assess how each team member’s perception influences their actions and emotions,
ultimately guiding them toward a more collaborative relationship.
Concept and Application
Perception plays a critical role in interpersonal relationships, as individuals interpret i
Q2 (B) Brijesh, a senior manager at a retail company, is preparing his department for the
launch of a new product line. During a meeting, he notices a clear division in attitudes of
subordinates: some, like Ashish and Mohan, express strong support for the company’s
focus on sustainability, driven by their personal values of environmental responsibility.
Others, like Dinesh and Eshwar, are more skeptical, focusing on the potential financial
risks of this shift.
Analyze how the alignment (or misalignment) of personal values with workplace attitudes
can impact the department’s performance. (5 Marks)
Ans 2B.
Introduction
In any workplace, the alignment between employees’ personal values and organizational goals
significantly impacts morale, commitment, and performance. In Brijesh’s department, a divide
exists between those who value sustainability and those who prioritize financial stability.
Ashish and Mohan align with the company’s sustainability focus, while Dinesh and Eshwar
remain skeptical due to financial concerns. Understanding how these differences affect
workplace attitudes and performance can help Brijesh foster a balanced environment that
Quantitative Methods – I
Dec 2024 Examination
Q1. Explain the following concepts:
Difference between point estimate and interval estimate. (2 Marks)
Concept of confidence interval for any estimate (Mean / Proportion). (2 Marks)
And solve the following question
A sample of 30 students’ test scores is randomly selected from a large class. The sample
has a mean score of 85 points and a standard deviation of 6 points. Calculate the 99%
and 95% confidence intervals for the population mean. (6 Marks)
(10 Marks)
Ans 1.
Introduction
Estimation is a fundamental aspect of statistics used to draw inferences about population
parameters based on sample data. In any study or research where it is impractical to gather
information from every member of a population, estimation provides a practical alternative by
allowing us to make educated guesses about the population based on a sample. There are two
primary types of estimates: point estimates and interval estimates. A point estimate provides a
single value as an estimate of a population parameter, while an interval estimate provides a
range within which the parameter is expected to fall, offering a degree of confidence in the
estimate. The concept of confidence intervals, which is part of interval estimation, allows
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Q2 (A) The monthly rent paid by a group of 15,000 tenants in a city is found to be
normally distributed with a mean of ₹12,000 and a standard deviation of ₹1,500. Answer
the following questions:
a) What is the probability that a tenant selected at random pays more than ₹10,500 in
rent?
b) What is the probability that a tenant selected at random pays more than ₹14,700 in
rent?
(5 Marks)
Ans 2A.
Introduction
Probability distributions are essential in understanding data patterns, especially in large
datasets like monthly rents for tenants. In this case, rent data for 15,000 tenants follows a
normal distribution, with a mean of ₹12,000 and a standard deviation of ₹1,500. Understanding
how likely a particular rent is can provide insights into expected costs for tenants and property
managers. Here, we calculate the probabilities of rents being above certain values using
concepts from the normal distribution and Z-scores.
Concept and Application
A normal distribution, often called a bell curve, is a continuous probability distribution
Q2 (B) A pharmaceutical company claims that its new drug reduces the average recovery
time from the flu to less than 7 days. Historically, the average recovery time for the flu
without the drug is 7 days. To test this claim, the company conducted a study with 50
patients who took the new drug. The sample mean recovery time was 6.5 days with a
population standard deviation of 2 days. Can we accept the company’s claim at the 5%
level of significance? (5 Marks)
Ans 2B.
Introduction
In hypothesis testing, pharmaceutical companies often use statistical methods to validate claims
about new drugs. Here, a company claims that its new drug reduces the average recovery time
from the flu to less than 7 days, a significant improvement from the historical average of 7
days. To test this claim, a sample of 50 patients was studied, revealing an average recovery
time of 6.5 days. We will use a one-sample Z-test at a 5% significance level to determine if the