May 2023

Decision Science | Question and answers

Q 1: Bad gums may mean a bad mood. Researchers discovered that 85% of people who have suffered a bad mood had periodontal disease, an inflammation of the gums. Only 29% of healthy people have this disease. Suppose that in a certain community bad moods are quite rare, occurring with only 10% probability. If someone …

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Cost & Management Accounting

Question 3aSamsung Ltd. are the manufacturers of Television. The following are the details of a Product during the year 2022.Ordering Cost Rs.50 per orderInventory carrying cost 10% per annumCost of Product A is Rs. 500 per unitAnnual consumption of Product A is 5000 units.Compute the Economic order quantity. What if the inventory maintained by the …

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Financial Accounting & Analysis | Question and answer

Q1. Analyse the following transactions for Surprise Ltd. using the concept of AccountingEquation comprising of Assets, Liabilities and Equity. (10 Marks) SOLUTION: Overall impact: Assets: Cash -₹ 2,50,000, Equipment +₹ 2,00,000, Furniture +₹ 50,000, Raw materials +₹ 25,000 Liabilities: IndiMart +₹ 50,000 Equity: +₹ 80,000 (₹ 5,00,000 + ₹ 75,000 – ₹ 2,50,000) Please note …

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Business – Ethics, Governance & Risk | Question and answers

ANSWER : There are two main points of view that can explain why professionals such as doctors, accountants, and lawyers have a charter or framework of code of conduct, duties, and obligations that other people do not: In summary, the presence of a charter or framework of code of conduct, duties, and obligations for professionals …

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Business – Ethics, Governance & Risk | Question and answer

ANSWER : The ethical principle that underpins the risk management concept is the principle of accountability. This principle emphasizes the responsibility of organizations to identify, assess, and mitigate risks in a transparent and ethical manner. By being accountable for risk management, companies aim to protect the interests of their stakeholders, including shareholders, employees, customers, and …

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Research Methodology – Case study

Nykaa is an Indian e-commerce platform that specializes in beauty and wellness products. Founded in 2012 by Falguni Nayar, a former investment banker, the company has become one of the largest players in the Indian beauty industry. In 2018, Nykaa aunched its own private label line of products, which included makeup, skincare, and haircare. The …

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Research Methodology Question and Answers

1. Identify a relevant business problem, gather support from literature to identify research gap. Now, develop a research proposal based on the research gap. ANSWER: Business Problem: Inefficient Supply Chain Management in the Retail Industry Research Gap: Although there is existing literature on supply chain management in the retail industry, there is a research gap …

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RACI MATRIX

The RACI Matrix is a project management tool used to define and clarify roles and responsibilities within a project or organizational process. RACI stands for Responsible, Accountable, Consulted, and Informed. The matrix helps to clearly outline who is responsible for each task, who is accountable for its successful completion, who needs to be consulted for …

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ORGANIZATIONAL BEHAVIOUR – Question and answer 2

Discuss the challenges faced in practicing OB. ANSWER: Practicing Organizational Behavior (OB) can present various challenges due to the complex and dynamic nature of organizations and human behavior. Some of the key challenges faced in practicing OB include: These challenges highlight the complex and dynamic nature of OB practice. Overcoming these challenges requires a combination of knowledge, …

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