NMIMS SOLVED ASSIGNMENTS December 2015 Examination

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BUSINESS LAW

Q.1 Explain Bailment by quoting an appropriate example and discuss the Essentials/Features of Bailment vis-à-vis the quoted example?

Q.2. ‘X’ had visited a leading E-Commerce Website to purchase a Mobile Smartphone for Rs.35, 000/-.

The steps of the transaction were as follows:

1.      X visits the E-Commerce Website (“Website”) and searches for a Mobile Smartphone listed on the Website;

2.      X selects the desired Mobile Smartphone and checks the price, which displays at Rs.35, 000/-. The price is an all-inclusive price and includes taxes and other charges.

iii. X then adds the selected product to the E-shopping Cart and fills in the relevant details for

registration and purchase. Thereafter, ‘X’ proceeds to do the payment for the selected Mobile Smartphone;

On completing the payment formalities, the Website displayed the message “Product Unavailable at the selected Price”. The Price for the Mobile Smartphone had increased. The Amount for the Mobile Smartphone was not deducted from the account of ‘X’.

a) Is the Contract between ‘X’ and the Website initiated? Can ‘X’ sue the E-Commerce Website for not making available the Mobile Smartphone at the price selected by ‘X’.

If yes, give reasons? If no, give reasons?

b) Assuming if the amount of Rs.35, 000/- was deducted from the account of ‘X’ and the amount was received by the Website, is the Contract between ‘X’ and the Website initiated? Can ‘X’ sue the Website for not making available the Mobile Smartphone at the price selected by ‘X’ even after deducting the amount?

Q.3: Describe in detail at least 6 changes (amendments) brought about with the Introduction of the Companies Act, 2013. Please discuss the impact (pros and cons) of each change on today’s Indian businesses?

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Business Statistics

Q1. A departmental store gives in-service training to its salesman which is followed by a test. The management is considering whether it should terminate the services of the salesman who did not do well in the test. The following table gives the test scores, and the sales made by the salesman.

Test scores: 14 19 24 21 26 22 15 20 19

Sale (in Rs 1000): 31 36 48 37 50 45 33 41 39

Calculate the correlation between the test scores and sales. Does it indicate that the termination of services for low test scores is justified? If the firm wants a minimum sales volume of Rs 30,000 from each sales man, what are the minimum test scores indicating termination of the service?

Q2. The marks obtained in a certain examination follow normal distribution with mean 45 and standard deviation 10. If 1000 students appeared at the examination, calculate the number of students scoring

(a) Less than 40 marks and

(b) More than 60 marks.

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Essentials of HRM

1.      Explain the different types of training programs imparted to employees? Support your answer with industry practices. (15 marks)

2.      You have been asked to analyze the job of HR manager in a bank. 15 marks)

3.      a) Which method/methods would you employ for collecting the job analysis data?

4.      b) Write a job description for the position of HR Manager in a bank.

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Financial Accounting and Analysis

The following adjustments are to be made:

1.      Closing Stock Rs. 10,400

2.      Rent due but not paid upto 31st March 2014 Rs. 400

3.      Three months factory lightings & heatings are due but not paid Rs.60

4.      Insurance paid in advance Rs. 20

5.      Depreciate plant & machinery by 10%, furniture by 5% and motor vans by 25%.

6.      Write off further bad debts Rs.140 and increase the provision for doubtful debts by Rs. 600.Discounts @ 2 1/2% on debtors & creditors are to be anticipated.

Question 2 (Marks 15)

1.      a) What are the main aspects of Accounting Standard 1 (AS 1)

2.      b) Calculate the net cash flow from financing activities based on the below data:

3.      Cash from issue of new equity shares – Rs.50,00,000

4.      Cash from issue of 12% debentures – Rs.30,00,000

5.      Interim dividend paid – Rs.10,00,000

6.      Buy-back of existing shares – Rs.15,00,000

7.      Repayment of long term loan – Rs.10,00,000

8.      c) Discuss in brief the treatment of following items in Cash Flow Statement as per AS-3.

9.      Taxes on Income

10.  Foreign Currency cash flow

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Marketing Management

1.      You plan to launch an online company “www.bookreaders.com” which will deal into selling of books and stationary products. The company currently has presence only in Mumbai and Delhi. Prepare in detail the marketing strategy that you will adopt to promote the online company. (10 Marks)

2.      Explain the pricing and distribution strategy that you will adopt forhttp://www.bookreaders.com. (10 Marks)

3.      Explain in detail the segmentation, targeting and positioning for book readers. The segmentation should specifically cover geographic, demographic, Psychographic and Behavioral segmentation.

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Strategic Management

1.      You are starting a new online company http://www.khushiyokidelivery.comthat deals with selling only consumer durable products. The company has all India presence. The company has a policy to deliver the products within two days. The company provides free installation of products, if required. Cash on Delivery facility is also available. You are required to write its Vision, Mission, Goals, Objectives, Plans and Policies. (10 Marks)

2.      Study the external business environment for the above online business in India. (10 Marks)

3.      Explain http://www.khushiyokidelivery.com with reference to Michael porter five forces. (10 Marks)

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