Q1
How is it that, i.e. in ‘what sense’, is the Shari’a a ‘dynamic’ body of
rules (in other words: via what mechanism(s) can the Shari’a adapt to
circumstances / technologies that may arise in the future)?
Q2
What is riba, and why is it considered unacceptable under the Shari’a?
What concept(s) replace(s) riba in Islamic finance?
Notwithstanding the prohibition of riba, on what basis has ‘LIBOR’
established a ‘role’ in Islamic finance?
What might (if possible) be used instead of ‘LIBOR’ in Islamic finance?
Q3
What is the key difference between a Musharaka and a Mudaraba
arrangement?
Q4
What is the key difference between an Istisna’ and Salam arrangement?
Q5
Consider an entrepren****** seeking financing for a project. What are
her Islamic finance alternatives? What potential problem(s) does the
financier face, and how might the financier address this/these?
Q6
On what basis is the ‘lender’s’ profit mark-up justified in the Murabaha
structure, in other words, what ‘risk’ is the ‘lender’ considered to be
taking?
Q7
Which scholars sit on the DJIM Shari’a supervisory board?
Q 8
Which sukuk structure(s) might be most viable in respect of an
underlying ‘asset’ that was an ‘Islamic receivable’.
Q9
In his short piece “Sukuk and their Contemporary Applications”, Sheikh
Muhammad Taqi Usmani observes that:
“[it is incumbent] upon... Islamic banks and financial institutions to
cooperate among themselves.. [with] the guidance and encouragement of
Sharia supervisory board..”
What is the context that leads him to raise this observation?
Wednesday, 31 January 2018
Investment assignment : Contact us for answers at assignmentssolution@gmail.com
Final assignment
Part A: Written report
Write a report which addresses all of the following questions (a to f). Where relevant, base your analysis on the data provided (see Appendix 1). Please make any assumptions clear if used to clarify any issues.
a) Briefly discuss the five asset classes in Table 1. Using the data from Table 1, calculate the Arithmetic Mean (AM), Geometric Mean (GM) and Standard Deviation (σ) of returns of each of the five asset classes. Briefly discuss the risk-return characteristics of each asset class with reference to these measures.
b) Construct an efficient portfolio. Assume the risk free rate over the period is 4.45%. Calculate the Efficient Frontier and Capital Allocation Line (CAL) for the five asset classes using the Excel Solver Tool (see prescribed Textbook Chapter 7, Appendix A for guidance). You will also need to calculate and provide the ‘Bordered Covariance’ and ‘Correlation Matrices’. Discuss the implications of these five assets on efficient frontier and CAL.
c) Economic indicators are often used to predict the business cycle. Provide an outlook for the economy based on data showing that the index of consumer expectations has risen and the initial claims for unemployment insurance has fallen. Discuss the consequences of that from a portfolio management perspective, elaborating on the choice of assets from cyclical and defensive industries.
d) Using the Black-Scholes formula and the cumulative normal distribution (i.e. see Table 21.2, p. 740 of the prescribed textbook), compute the call and put option prices using the data from Table 2. First compute d1 and d2, then using Table 21.2 in the textbook, find the N(d)’s and use interpolation if needed to find the exact call and put prices.
e) Assume the current futures price for platinum for delivery 10 days from 23 March is AUD$1,260.49 per ounce. Suppose that from 24 March 2017 to 6 April 2017 the platinum prices were as in Table 3. Assume one futures contract consists of 100 ounces of platinum. Also, assume the maintenance margin is 5% and the initial margin is 10%.
Calculate the daily mark-to-market settlements for each contract held by the short position. Briefly discuss basis risk (i.e. you can give an example if it makes it easier to discuss) [Hint: see Chapter 22 and examples 22.1 and 22.2 of the textbook].
f) Evaluate a fund’s portfolio performance in terms of the market (e.g. outperformance or underperformance) using the Sharpe ratio, Treynor measure, Jensen’s alpha and the Information ratio using data from Table 4. Assume the risk-free rate is 4.45%. Briefly discuss each of the four measures plus the Morningstar risk-adjusted return model.
Referencing
Reference lists for AIB assignments normally contain the following number of relevant references from different sources: 6–12 (for MBA assignments). All references must be from credible sources such as books, industry related journals, magazines, company documents and recent academic articles.
Marking
Your assignment will be marked per the criteria outlined in the assessment grading criteria (see Appendix 2). Your grade will be adversely affected if your assignment contains no/poor citations and/or reference list and if your assignment word length is beyond the allowed
tolerance level Please do not exceed maximum word limit of 2,420 even by one word as there is now a 25 percent penalty on the graded mark.
Important written report instructions
The required word length for this report is 2200 words (plus or minus 10%).
• Your report will be marked based on the criteria identified in the assessment grading scheme provided in Appendix 2.
• In terms of structure, presentation and style:
o given the length of this report, you are not required to follow the standard report format. Instead, follow the format identified within the ‘Assessment’ section of the subject website.
o use the-preferred Microsoft Word settings
o use author-date style referencing (which includes in-text citations and a reference list).
(The last two requirements are explained in the Style Guide.)
• Useful resources when working on your report include:
o Assignment Guide
o Online Library.
Appendix 1 Final assignment data tables (1–4)
Table 1: Asset returns on different asset classes over the period 1996 to 2016 Year Australian Shares (ASX 200; with dividends and splits) Australian Bonds (RBA cash rate) S&P500 (USD) US Fed Funds Rate (USD) Brent Oil (USD)
1996 9.9% 6.0% 22.96% 5.3% 31.8%
1997 8.4% 5.0% 33.36% 5.5% -28.2%
1998 5.9% 4.8% 28.58% 4.8% -44.1%
1999 14.7% 5.0% 21.04% 5.5% 172.6%
2000 2.8% 6.3% −9.10% 6.5% -15.2%
2001 6.6% 4.3% −11.89% 1.8% -15.7%
2002 -12.4% 4.8% −22.10% 1.3% 58.0%
2003 10.1% 5.3% 28.68% 1.0% 4.9%
2004 22.8% 5.3% 10.88% 2.3% 30.1%
2005 17.4% 5.5% 4.91% 4.3% 39.4%
2006 19.1% 6.3% 15.79% 5.3% 10.0%
2007 11.7% 6.8% 5.49% 4.3% 47.0%
2008 -42.0% 4.3% −37.00% 0.1% -56.6%
2009 32.0% 3.8% 26.46% 0.1% 81.9%
2010 -2.0% 4.8% 15.06% 0.1% 29.7%
2011 -14.5% 4.3% 2.11% 0.1% 17.2%
2012 14.6% 3.0% 16.00% 0.1% -0.1%
2013 14.9% 2.5% 32.39% 0.1% 2.8%
2014 1.1% 2.5% 13.69% 0.1% -47.5%
2015 -1.9% 2.0% 1.38% 0.4% -37.6%
2016 7.0% 1.5% 11.96% 0.6% 46.7%
Table 2: Option information
Stock price, S0 48
Exercise price, X 42
Interest rate, r 0.035 (3.5% per year)
Time to expiration, T 0.5 (6 months or half a year)
Standard deviation, σ 0.18 (18% per year)
Table 3: Platinum prices in Australian Dollars per ounce
Days and Futures Price (AUD per ounce)
23 March 2017 1,260.49
24 March 2017 1,264.04
27 March 2017 1,270.76
28 March 2017 1,246.93
29 March 2017 1,242.71
30 March 2017 1,240.24
31 March 2017 1,245.34
3 April 2017 1,257.61
4 April 2017 1,269.01
5 April 2017 1,268.83
6 April 2017 (delivery) 1,270.20
Table 4: Portfolio Fund portfolio
Performance data
Market
Average return, x̄ 18% 11%
Beta, β 1.18 1.0
Standard deviation, σ 26% 17%
Tracking error (nonsystematic risk), σ(e) 11% 0
Part A: Written report
Write a report which addresses all of the following questions (a to f). Where relevant, base your analysis on the data provided (see Appendix 1). Please make any assumptions clear if used to clarify any issues.
a) Briefly discuss the five asset classes in Table 1. Using the data from Table 1, calculate the Arithmetic Mean (AM), Geometric Mean (GM) and Standard Deviation (σ) of returns of each of the five asset classes. Briefly discuss the risk-return characteristics of each asset class with reference to these measures.
b) Construct an efficient portfolio. Assume the risk free rate over the period is 4.45%. Calculate the Efficient Frontier and Capital Allocation Line (CAL) for the five asset classes using the Excel Solver Tool (see prescribed Textbook Chapter 7, Appendix A for guidance). You will also need to calculate and provide the ‘Bordered Covariance’ and ‘Correlation Matrices’. Discuss the implications of these five assets on efficient frontier and CAL.
c) Economic indicators are often used to predict the business cycle. Provide an outlook for the economy based on data showing that the index of consumer expectations has risen and the initial claims for unemployment insurance has fallen. Discuss the consequences of that from a portfolio management perspective, elaborating on the choice of assets from cyclical and defensive industries.
d) Using the Black-Scholes formula and the cumulative normal distribution (i.e. see Table 21.2, p. 740 of the prescribed textbook), compute the call and put option prices using the data from Table 2. First compute d1 and d2, then using Table 21.2 in the textbook, find the N(d)’s and use interpolation if needed to find the exact call and put prices.
e) Assume the current futures price for platinum for delivery 10 days from 23 March is AUD$1,260.49 per ounce. Suppose that from 24 March 2017 to 6 April 2017 the platinum prices were as in Table 3. Assume one futures contract consists of 100 ounces of platinum. Also, assume the maintenance margin is 5% and the initial margin is 10%.
Calculate the daily mark-to-market settlements for each contract held by the short position. Briefly discuss basis risk (i.e. you can give an example if it makes it easier to discuss) [Hint: see Chapter 22 and examples 22.1 and 22.2 of the textbook].
f) Evaluate a fund’s portfolio performance in terms of the market (e.g. outperformance or underperformance) using the Sharpe ratio, Treynor measure, Jensen’s alpha and the Information ratio using data from Table 4. Assume the risk-free rate is 4.45%. Briefly discuss each of the four measures plus the Morningstar risk-adjusted return model.
Referencing
Reference lists for AIB assignments normally contain the following number of relevant references from different sources: 6–12 (for MBA assignments). All references must be from credible sources such as books, industry related journals, magazines, company documents and recent academic articles.
Marking
Your assignment will be marked per the criteria outlined in the assessment grading criteria (see Appendix 2). Your grade will be adversely affected if your assignment contains no/poor citations and/or reference list and if your assignment word length is beyond the allowed
tolerance level Please do not exceed maximum word limit of 2,420 even by one word as there is now a 25 percent penalty on the graded mark.
Important written report instructions
The required word length for this report is 2200 words (plus or minus 10%).
• Your report will be marked based on the criteria identified in the assessment grading scheme provided in Appendix 2.
• In terms of structure, presentation and style:
o given the length of this report, you are not required to follow the standard report format. Instead, follow the format identified within the ‘Assessment’ section of the subject website.
o use the-preferred Microsoft Word settings
o use author-date style referencing (which includes in-text citations and a reference list).
(The last two requirements are explained in the Style Guide.)
• Useful resources when working on your report include:
o Assignment Guide
o Online Library.
Appendix 1 Final assignment data tables (1–4)
Table 1: Asset returns on different asset classes over the period 1996 to 2016 Year Australian Shares (ASX 200; with dividends and splits) Australian Bonds (RBA cash rate) S&P500 (USD) US Fed Funds Rate (USD) Brent Oil (USD)
1996 9.9% 6.0% 22.96% 5.3% 31.8%
1997 8.4% 5.0% 33.36% 5.5% -28.2%
1998 5.9% 4.8% 28.58% 4.8% -44.1%
1999 14.7% 5.0% 21.04% 5.5% 172.6%
2000 2.8% 6.3% −9.10% 6.5% -15.2%
2001 6.6% 4.3% −11.89% 1.8% -15.7%
2002 -12.4% 4.8% −22.10% 1.3% 58.0%
2003 10.1% 5.3% 28.68% 1.0% 4.9%
2004 22.8% 5.3% 10.88% 2.3% 30.1%
2005 17.4% 5.5% 4.91% 4.3% 39.4%
2006 19.1% 6.3% 15.79% 5.3% 10.0%
2007 11.7% 6.8% 5.49% 4.3% 47.0%
2008 -42.0% 4.3% −37.00% 0.1% -56.6%
2009 32.0% 3.8% 26.46% 0.1% 81.9%
2010 -2.0% 4.8% 15.06% 0.1% 29.7%
2011 -14.5% 4.3% 2.11% 0.1% 17.2%
2012 14.6% 3.0% 16.00% 0.1% -0.1%
2013 14.9% 2.5% 32.39% 0.1% 2.8%
2014 1.1% 2.5% 13.69% 0.1% -47.5%
2015 -1.9% 2.0% 1.38% 0.4% -37.6%
2016 7.0% 1.5% 11.96% 0.6% 46.7%
Table 2: Option information
Stock price, S0 48
Exercise price, X 42
Interest rate, r 0.035 (3.5% per year)
Time to expiration, T 0.5 (6 months or half a year)
Standard deviation, σ 0.18 (18% per year)
Table 3: Platinum prices in Australian Dollars per ounce
Days and Futures Price (AUD per ounce)
23 March 2017 1,260.49
24 March 2017 1,264.04
27 March 2017 1,270.76
28 March 2017 1,246.93
29 March 2017 1,242.71
30 March 2017 1,240.24
31 March 2017 1,245.34
3 April 2017 1,257.61
4 April 2017 1,269.01
5 April 2017 1,268.83
6 April 2017 (delivery) 1,270.20
Table 4: Portfolio Fund portfolio
Performance data
Market
Average return, x̄ 18% 11%
Beta, β 1.18 1.0
Standard deviation, σ 26% 17%
Tracking error (nonsystematic risk), σ(e) 11% 0
ACCT2301 Taxation – Assignment #1 Winter 2018: Contact us for the answers at assignmentssolution@gmail.com
ACCT2301 Taxation – Assignment #1
Winter 2018
Modules 1 to 3 – Division B Income & Employment Income
Name:
ID #:
Instructions
Round up to the nearest cent on dollar amounts.
Round to three decimal places when the solution calls for a percentage.
Answer in the space provided and show your calculations.
Mark Allocation
Question Value Mark Received
1 24
2 10
3 16
4 20
5 30
Total 100ACCT2301 Taxation – Assignment #1
Winter 2018
Questions
Question 1 (24 marks)
Jessie James has provided you with the following list of his various sources of income.
Gross Salary $95,000
RRSP Withdrawal 10,000
Income from renting a house 8,000
His share of partnership loss (7,000)
Taxable Capital gains 10,000
Allowable Capital losses (17,000)
Interest received from his Government of Canada bond 1,400
Lottery winnings 10,000
During the year Rick had the following disbursements.
RRSP contribution $ 3,500
Union Dues deducted from his paycheque 1,200
Wages paid to an assistant 5,000
Total automobile operating costs (Rick uses his personal car 25%
for employment purposes and 75% for personal use). He is
required under the terms of his employment contract to use his
personal automobile and pay his operational costs.
8,000
Mortgage payments on principal residence (His home) 32,000
Support payments to his former spouse 2,400
Support payments to his 2 children (his spouse has custody) 2,400
Payments on his personal car loan 6,000
REQUIRED:
Part A: Using Section 3 of the Income Tax Act, compute Jessie’s net income under Division B,
applying the “source” and “ordering” concept. Use the template provided to record your
answer. (18 marks)
Part B: Prepare a list of the items that were not included in your calculation of Division B (net)
income. (6 marks)ACCT2301 Taxation – Assignment #1
Winter 2018
Para. Item Amount
3(a)
3 (b)
3 (c)
3 (d)
Division B (net) income Total 3(d)
Part B: Items not included in the calculation of Division B (net) incomeACCT2301 Taxation – Assignment #1
Winter 2018
Question 2 (10 marks)
Select One Answer Only from each of the following. No mark will be given if more than
one answer is selected.
For each of the following independent situations, indicate if the benefit from employment is
Taxable (T) or Not Taxable (NT) from employment income, or if the amount paid by the
employee is Deductible (D) or not Deductible (ND) from employment income.
Description T NT D ND
1. $100 gift card for Earl’s Restaurant
2. Trip to Mexico with retail value of $3,000 presented to
employee for outstanding service to the company customers
3. Employee receives allowance of $1500/month for traveling
expenses while on company business (no receipts provided)
4. Employee’s expenses related to use of personal auto for
employment purposes, when no allowance has been
received from the employer
5. Company paying the fees for a financial planner for
reviewing personal finances.
6. Interest-free loan to assist employee to purchase a house
as the result of a transfer
7. Reimbursement of moving expenses for relocation by the
company
8. Reimbursement to employee for tuition fees related to
personal interest course
9. Employee pays for costs related to his or her spouse
attending a convention
10. Premiums for term life insurance paid by employer.ACCT2301 Taxation – Assignment #1
Winter 2018
Question 3 (16 Marks)
Glenn Rhee is employed as a project manager in Medicine Hat, Alberta. He earned $75,000 in
salary. Because of his good work on a project, he earned a bonus of $10,000. Since he does
not need the money just now, he has agreed with his employer to have the bonus paid to him in
January 2017.
For the taxation year 2016, his employer has withheld the following amounts from his salary:
Employee contribution to Registered Pension Plan 2,850
Canada pension plan and employment insurance premiums 3,499
Charitable donations – United Way campaign 700
Personal use of company vehicle 3,600
Federal Income tax 19,500
In addition to his salary, Glenn has received the following non-cash employment benefits:
Employer contributions to a registered pension plan 4,000
Parking pass for municipal parking lot close to Glenn’s office 4,800
Private dental plan, valued at 900
Reimbursement for a course taken at SAIT (course on making bread) 400
Club membership (for company promotion) 4,100
Hawaii vacation award for outstanding employee of the year 6,000
Group term life insurance 1,200
Glenn uses a car provided by the company car throughout the year to visit clients and travel to
and from work. Total kilometres driven in the year were 40,000 km, of which 10,000 km were for
his personal use.
The car was purchased by the company at a cost of $48,000. The fair market value of the car at
the beginning of 2016 was $26,000. Total costs of $6,000 to operate the vehicle were paid by
Marlin Enterprises. Because Glenn has personal use of the vehicle, he has authorized the
company to withhold $300 per month from his salary for payments towards the use of the car.
REQUIRED:
Part A: Calculate Glenn’s Net income from Employment for 2016. Show all supporting
calculations. (12 marks)
Part B: Prepare a list of the items that were not used in the calculation of net employment
income. (4 marks)ACCT2301 Taxation – Assignment #1
Winter 2018
Solution:
Part A: Calculate Barry’s Net income from Employment
Part B: Prepare a list of the items that were not usedACCT2301 Taxation – Assignment #1
Winter 2018
Question 4 (20 Marks)
Select the best answer for each of the following multiple-choice questions. Incorrect answers
will be marked as zero. There are no marks for explanations. Each question is worth two
marks.
1. With respect to the structure of the Income Tax Act, which of the following statements is
correct?
a) The major components of the Income Tax Act are called Divisions.
b) The current Income Tax Act has Sections numbers 1 through 260, reflecting the fact
that there are 260 Sections in the Act.
c) All Parts of the Income Tax Act have Divisions.
d) All Parts of the Income Tax Act contain at least one Section.
2. With respect to the calculation of Net Income for Tax Purposes, which of the following
statements is not correct?
a) Subdivision e deductions are subtracted from the total of all positive sources of
income.
b) Allowable capital losses for the year can only be deducted to the extent of taxable
capital gains for the year.
c) Business losses can be netted against employment income in determining the
positive amounts to be included under ITA 3(a) and 3(b).
d) Property losses can only be deducted after the subtraction of Subdivision e
deductions.
3. Indicate which of the following benefits provided by an employer is not considered part of
employment income.
a) Reimbursement of moving expenses.
b) Travel expenses of the employee’s spouse.
c) Payments resulting from wage loss replacement plans.
d) Premiums paid by an employer on life insurance policies.
4. Which one of the following benefits received from an employer may not result in a
taxable benefit to the employee?
a) A reasonable allowance of 45 cents per kilometre for driving on employer business.
b) An interest free loan used to acquire shares of the employer.
c) Employer paid life insurance premiums for $20,000 of employee coverage.
d) Use of the employer’s vehicle which is used 95% for employment purposes.
5. Which of the following criteria is not necessary in order for a salesperson to deduct office
costs?
a) Must pay own expenses.
b) Must carry on duties away from the employer’s place of business.
c) Must not receive an expense allowance which has not been included in income.
d) Must receive all remuneration in commissions.ACCT2301 Taxation – Assignment #1
Winter 2018
6. Connely Ltd. has an August 31 year-end. On August 31, 2016, it declares a bonus of
$250,000 payable to Ms. Sara Connely, the founder of the Company. One-half the
bonus was paid immediately. The other half of the bonus is payable on April 1, 2017.
What amount will Sara include in her income in 2016?
a) $0
b) $83,333
c) $125,000
d) $250,000
7. Ms. Jessica Tremblay is a member of a group disability plan sponsored by her employer.
In 2016, her employer paid annual premiums of $2,175. Beginning in 2015, Ms.
Tremblay was required to contribute $324 per year to this plan. The 2015 and 2016
contributions were withheld from her wages by her employer. During 2016, Ms.
Tremblay was hospitalized for a period of six weeks and received $6,940 in benefits
under the plan. What amount will Ms. Tremblay include in her 2016 employment
income?
a) $0
b) $4,117
c) $6,292
d) $6,940
8. On January 1, 2016, Mr. Packard receives a $135,000 loan from his employer to assist
him in purchasing a home. The loan requires annual interest at a rate of 3.1 percent,
which he pays on December 31, 2016. Assume that the relevant prescribed rate is 5
percent during the first quarter of 2016, 6 percent during the second quarter, and 4
percent during the remainder of the year. What is the amount of Mr. Packard’s taxable
benefit on this loan for the year?
a) $0
b) $2,228
c) $4,185
d) $6,413
9. In 2016, Sally’s taxable income was $50,000 and included employment income, property
income, and a capital gain. Her spouse is the proprietor of a retail store that suffered a
loss of $70,000 in 2016.Which of the following accurately describes Sally’s requirement
for filing an income tax return for the 2016 taxation year?
a) A return must be filed no later than April 30, 2017.
b) A return must be filed no later than June 15, 2017.
c) A return must be filed no later than June 30, 2017.
d) Sally is not obliged to file a tax return for the 2016 taxation year.
10. Which of the following accurately describes the circumstances in which an individual is
considered to be a resident of Canada?
a) When the individual is a citizen of Canada
b) When 90% or more of the individual’s income originates in Canada
c) When the individual maintains a continuing state of relationship with Canada
d) When the individual is domiciled in Canada for more than 3 months of the yearACCT2301 Taxation – Assignment #1
Winter 2018
Question 5 (30 Marks)
Review the following scenarios and answer the accompanying questions. Show all calculations
for full marks.
Part A: The cost of the car is $20,000 including GST. If the car is leased, the monthly lease
payment is $500 including GST. The car is driven for a total of 26,000 km during 2013 and its
operating costs for the year are $4,000. For each of the independent questions 1 through 4,
what is the taxable benefit?
1. Assume the car is purchased. It is available to an employee for the whole year. He drives it
for personal purposes for a total of 9,000 km. The minimum taxable benefit is: (4 marks)
2. Assume the car is leased. It is available to an employee for 11 months of the year. He drives
it for personal purposes for a total of 6,000 km. The minimum taxable benefit is: (4 marks)
3. Assume the car is purchased. It is available to an employee for 10 months of the year. He
drives it for personal purposes for a total of 11,000 km. The minimum taxable benefit is: (4
marks)
4. Assume the car is leased. It is available to an employee for 11 months of the year. He drives
it for personal purposes for a total of 7,500 km and reimburses the employer $1,100 ($100
per month) for the use of the car. The minimum taxable benefit is: (4 marks)
Part B: T. Adams commenced employment at Moana Sales Ltd. on February 1, 2016. He had
lived in an apartment until May 2016, at which time he purchased a new house. Under the terms
of his employment, he received a housing loan on May 1, 2016 of $80,000 at a rate of 2
percent. He pays the interest on the loan on a monthly basis. Assume the 2016 prescribed
interest rates applicable to employee loans are as follows:
First quarter 5%
Second quarter 4%
Third quarter 3%
Fourth quarter 3%
What is T. Adams’ taxable benefit on the above loan for 2016? (4 marks)ACCT2301 Taxation – Assignment #1
Winter 2018
Part C: Ms. Joan Hanson is an employee of a Canadian controlled private corporation. During
2014, she receives options to purchase 500 shares of her employer’s common stock at a price
of $22 per share. At this time, the estimated per share value of the stock is $20.50. During
2015, she exercises all of these options. At this time, the estimated market value of the stock is
$31.50 per share. On December 1, 2016, she sells the stock for $38.75 per share. Use the
above information to answer the following questions 1-3: (3 marks)
1. What is the taxable benefit in 2014?
2. What is the taxable benefit in 2015?
3. What is the taxable benefit in 2016?
Part D: An employee of a public Canadian corporation receives an option to purchase 1,000 of
her employer’s common shares at $20 per share in July, 2015. At this time, the fair market
value of the stock is $19 per share. In March, 2016, when the fair market value is $26 per
share, she exercises the option. On November 13, 2017, she sells the shares. Use the above
information to answer the following questions 1-3: (3 marks)
1. What is the taxable benefit in 2015?
2. What is the taxable benefit in 2016?
3. What is the taxable benefit in 2017?ACCT2301 Taxation – Assignment #1
Winter 2018
Part E: John secured employment as a commissioned salesman in July, 2016. In 2016, he
received a base salary of $60,000 and $5,000 of commissions. A further $4,000 of
commissions earned in December was paid to him in January, 2016. John worked away from
the office negotiating sales contracts, and he is required to pay his own travelling expenses. His
employer has signed a Form T2200 certifying requirement, and certifying no reimbursements
were paid for any expenses John incurred to earn commissions. John incurred the following
costs from July through December 2016:
Meals and entertainment for potential customers $14,000
Driving costs (90% of driving was for employment purposes):
Fuel 4,000
Insurance 750
Repairs 2,250
Leasing costs ($500 per month) 3,000
What is the maximum deduction John may claim for employment expenses in 2016? (4 marks)
Winter 2018
Modules 1 to 3 – Division B Income & Employment Income
Name:
ID #:
Instructions
Round up to the nearest cent on dollar amounts.
Round to three decimal places when the solution calls for a percentage.
Answer in the space provided and show your calculations.
Mark Allocation
Question Value Mark Received
1 24
2 10
3 16
4 20
5 30
Total 100ACCT2301 Taxation – Assignment #1
Winter 2018
Questions
Question 1 (24 marks)
Jessie James has provided you with the following list of his various sources of income.
Gross Salary $95,000
RRSP Withdrawal 10,000
Income from renting a house 8,000
His share of partnership loss (7,000)
Taxable Capital gains 10,000
Allowable Capital losses (17,000)
Interest received from his Government of Canada bond 1,400
Lottery winnings 10,000
During the year Rick had the following disbursements.
RRSP contribution $ 3,500
Union Dues deducted from his paycheque 1,200
Wages paid to an assistant 5,000
Total automobile operating costs (Rick uses his personal car 25%
for employment purposes and 75% for personal use). He is
required under the terms of his employment contract to use his
personal automobile and pay his operational costs.
8,000
Mortgage payments on principal residence (His home) 32,000
Support payments to his former spouse 2,400
Support payments to his 2 children (his spouse has custody) 2,400
Payments on his personal car loan 6,000
REQUIRED:
Part A: Using Section 3 of the Income Tax Act, compute Jessie’s net income under Division B,
applying the “source” and “ordering” concept. Use the template provided to record your
answer. (18 marks)
Part B: Prepare a list of the items that were not included in your calculation of Division B (net)
income. (6 marks)ACCT2301 Taxation – Assignment #1
Winter 2018
Para. Item Amount
3(a)
3 (b)
3 (c)
3 (d)
Division B (net) income Total 3(d)
Part B: Items not included in the calculation of Division B (net) incomeACCT2301 Taxation – Assignment #1
Winter 2018
Question 2 (10 marks)
Select One Answer Only from each of the following. No mark will be given if more than
one answer is selected.
For each of the following independent situations, indicate if the benefit from employment is
Taxable (T) or Not Taxable (NT) from employment income, or if the amount paid by the
employee is Deductible (D) or not Deductible (ND) from employment income.
Description T NT D ND
1. $100 gift card for Earl’s Restaurant
2. Trip to Mexico with retail value of $3,000 presented to
employee for outstanding service to the company customers
3. Employee receives allowance of $1500/month for traveling
expenses while on company business (no receipts provided)
4. Employee’s expenses related to use of personal auto for
employment purposes, when no allowance has been
received from the employer
5. Company paying the fees for a financial planner for
reviewing personal finances.
6. Interest-free loan to assist employee to purchase a house
as the result of a transfer
7. Reimbursement of moving expenses for relocation by the
company
8. Reimbursement to employee for tuition fees related to
personal interest course
9. Employee pays for costs related to his or her spouse
attending a convention
10. Premiums for term life insurance paid by employer.ACCT2301 Taxation – Assignment #1
Winter 2018
Question 3 (16 Marks)
Glenn Rhee is employed as a project manager in Medicine Hat, Alberta. He earned $75,000 in
salary. Because of his good work on a project, he earned a bonus of $10,000. Since he does
not need the money just now, he has agreed with his employer to have the bonus paid to him in
January 2017.
For the taxation year 2016, his employer has withheld the following amounts from his salary:
Employee contribution to Registered Pension Plan 2,850
Canada pension plan and employment insurance premiums 3,499
Charitable donations – United Way campaign 700
Personal use of company vehicle 3,600
Federal Income tax 19,500
In addition to his salary, Glenn has received the following non-cash employment benefits:
Employer contributions to a registered pension plan 4,000
Parking pass for municipal parking lot close to Glenn’s office 4,800
Private dental plan, valued at 900
Reimbursement for a course taken at SAIT (course on making bread) 400
Club membership (for company promotion) 4,100
Hawaii vacation award for outstanding employee of the year 6,000
Group term life insurance 1,200
Glenn uses a car provided by the company car throughout the year to visit clients and travel to
and from work. Total kilometres driven in the year were 40,000 km, of which 10,000 km were for
his personal use.
The car was purchased by the company at a cost of $48,000. The fair market value of the car at
the beginning of 2016 was $26,000. Total costs of $6,000 to operate the vehicle were paid by
Marlin Enterprises. Because Glenn has personal use of the vehicle, he has authorized the
company to withhold $300 per month from his salary for payments towards the use of the car.
REQUIRED:
Part A: Calculate Glenn’s Net income from Employment for 2016. Show all supporting
calculations. (12 marks)
Part B: Prepare a list of the items that were not used in the calculation of net employment
income. (4 marks)ACCT2301 Taxation – Assignment #1
Winter 2018
Solution:
Part A: Calculate Barry’s Net income from Employment
Part B: Prepare a list of the items that were not usedACCT2301 Taxation – Assignment #1
Winter 2018
Question 4 (20 Marks)
Select the best answer for each of the following multiple-choice questions. Incorrect answers
will be marked as zero. There are no marks for explanations. Each question is worth two
marks.
1. With respect to the structure of the Income Tax Act, which of the following statements is
correct?
a) The major components of the Income Tax Act are called Divisions.
b) The current Income Tax Act has Sections numbers 1 through 260, reflecting the fact
that there are 260 Sections in the Act.
c) All Parts of the Income Tax Act have Divisions.
d) All Parts of the Income Tax Act contain at least one Section.
2. With respect to the calculation of Net Income for Tax Purposes, which of the following
statements is not correct?
a) Subdivision e deductions are subtracted from the total of all positive sources of
income.
b) Allowable capital losses for the year can only be deducted to the extent of taxable
capital gains for the year.
c) Business losses can be netted against employment income in determining the
positive amounts to be included under ITA 3(a) and 3(b).
d) Property losses can only be deducted after the subtraction of Subdivision e
deductions.
3. Indicate which of the following benefits provided by an employer is not considered part of
employment income.
a) Reimbursement of moving expenses.
b) Travel expenses of the employee’s spouse.
c) Payments resulting from wage loss replacement plans.
d) Premiums paid by an employer on life insurance policies.
4. Which one of the following benefits received from an employer may not result in a
taxable benefit to the employee?
a) A reasonable allowance of 45 cents per kilometre for driving on employer business.
b) An interest free loan used to acquire shares of the employer.
c) Employer paid life insurance premiums for $20,000 of employee coverage.
d) Use of the employer’s vehicle which is used 95% for employment purposes.
5. Which of the following criteria is not necessary in order for a salesperson to deduct office
costs?
a) Must pay own expenses.
b) Must carry on duties away from the employer’s place of business.
c) Must not receive an expense allowance which has not been included in income.
d) Must receive all remuneration in commissions.ACCT2301 Taxation – Assignment #1
Winter 2018
6. Connely Ltd. has an August 31 year-end. On August 31, 2016, it declares a bonus of
$250,000 payable to Ms. Sara Connely, the founder of the Company. One-half the
bonus was paid immediately. The other half of the bonus is payable on April 1, 2017.
What amount will Sara include in her income in 2016?
a) $0
b) $83,333
c) $125,000
d) $250,000
7. Ms. Jessica Tremblay is a member of a group disability plan sponsored by her employer.
In 2016, her employer paid annual premiums of $2,175. Beginning in 2015, Ms.
Tremblay was required to contribute $324 per year to this plan. The 2015 and 2016
contributions were withheld from her wages by her employer. During 2016, Ms.
Tremblay was hospitalized for a period of six weeks and received $6,940 in benefits
under the plan. What amount will Ms. Tremblay include in her 2016 employment
income?
a) $0
b) $4,117
c) $6,292
d) $6,940
8. On January 1, 2016, Mr. Packard receives a $135,000 loan from his employer to assist
him in purchasing a home. The loan requires annual interest at a rate of 3.1 percent,
which he pays on December 31, 2016. Assume that the relevant prescribed rate is 5
percent during the first quarter of 2016, 6 percent during the second quarter, and 4
percent during the remainder of the year. What is the amount of Mr. Packard’s taxable
benefit on this loan for the year?
a) $0
b) $2,228
c) $4,185
d) $6,413
9. In 2016, Sally’s taxable income was $50,000 and included employment income, property
income, and a capital gain. Her spouse is the proprietor of a retail store that suffered a
loss of $70,000 in 2016.Which of the following accurately describes Sally’s requirement
for filing an income tax return for the 2016 taxation year?
a) A return must be filed no later than April 30, 2017.
b) A return must be filed no later than June 15, 2017.
c) A return must be filed no later than June 30, 2017.
d) Sally is not obliged to file a tax return for the 2016 taxation year.
10. Which of the following accurately describes the circumstances in which an individual is
considered to be a resident of Canada?
a) When the individual is a citizen of Canada
b) When 90% or more of the individual’s income originates in Canada
c) When the individual maintains a continuing state of relationship with Canada
d) When the individual is domiciled in Canada for more than 3 months of the yearACCT2301 Taxation – Assignment #1
Winter 2018
Question 5 (30 Marks)
Review the following scenarios and answer the accompanying questions. Show all calculations
for full marks.
Part A: The cost of the car is $20,000 including GST. If the car is leased, the monthly lease
payment is $500 including GST. The car is driven for a total of 26,000 km during 2013 and its
operating costs for the year are $4,000. For each of the independent questions 1 through 4,
what is the taxable benefit?
1. Assume the car is purchased. It is available to an employee for the whole year. He drives it
for personal purposes for a total of 9,000 km. The minimum taxable benefit is: (4 marks)
2. Assume the car is leased. It is available to an employee for 11 months of the year. He drives
it for personal purposes for a total of 6,000 km. The minimum taxable benefit is: (4 marks)
3. Assume the car is purchased. It is available to an employee for 10 months of the year. He
drives it for personal purposes for a total of 11,000 km. The minimum taxable benefit is: (4
marks)
4. Assume the car is leased. It is available to an employee for 11 months of the year. He drives
it for personal purposes for a total of 7,500 km and reimburses the employer $1,100 ($100
per month) for the use of the car. The minimum taxable benefit is: (4 marks)
Part B: T. Adams commenced employment at Moana Sales Ltd. on February 1, 2016. He had
lived in an apartment until May 2016, at which time he purchased a new house. Under the terms
of his employment, he received a housing loan on May 1, 2016 of $80,000 at a rate of 2
percent. He pays the interest on the loan on a monthly basis. Assume the 2016 prescribed
interest rates applicable to employee loans are as follows:
First quarter 5%
Second quarter 4%
Third quarter 3%
Fourth quarter 3%
What is T. Adams’ taxable benefit on the above loan for 2016? (4 marks)ACCT2301 Taxation – Assignment #1
Winter 2018
Part C: Ms. Joan Hanson is an employee of a Canadian controlled private corporation. During
2014, she receives options to purchase 500 shares of her employer’s common stock at a price
of $22 per share. At this time, the estimated per share value of the stock is $20.50. During
2015, she exercises all of these options. At this time, the estimated market value of the stock is
$31.50 per share. On December 1, 2016, she sells the stock for $38.75 per share. Use the
above information to answer the following questions 1-3: (3 marks)
1. What is the taxable benefit in 2014?
2. What is the taxable benefit in 2015?
3. What is the taxable benefit in 2016?
Part D: An employee of a public Canadian corporation receives an option to purchase 1,000 of
her employer’s common shares at $20 per share in July, 2015. At this time, the fair market
value of the stock is $19 per share. In March, 2016, when the fair market value is $26 per
share, she exercises the option. On November 13, 2017, she sells the shares. Use the above
information to answer the following questions 1-3: (3 marks)
1. What is the taxable benefit in 2015?
2. What is the taxable benefit in 2016?
3. What is the taxable benefit in 2017?ACCT2301 Taxation – Assignment #1
Winter 2018
Part E: John secured employment as a commissioned salesman in July, 2016. In 2016, he
received a base salary of $60,000 and $5,000 of commissions. A further $4,000 of
commissions earned in December was paid to him in January, 2016. John worked away from
the office negotiating sales contracts, and he is required to pay his own travelling expenses. His
employer has signed a Form T2200 certifying requirement, and certifying no reimbursements
were paid for any expenses John incurred to earn commissions. John incurred the following
costs from July through December 2016:
Meals and entertainment for potential customers $14,000
Driving costs (90% of driving was for employment purposes):
Fuel 4,000
Insurance 750
Repairs 2,250
Leasing costs ($500 per month) 3,000
What is the maximum deduction John may claim for employment expenses in 2016? (4 marks)
ISBM Exam papers/Assignments/Projects : Contact us for answers at assignmentssolution@gmail.com
Answer the following question.
Q1. What is MBO? How does it function? (10 marks)
Q2. Mention the 4 P’s of negotiation (10 marks)
Q3. What are the Guidelines to use visual Aids (10 marks)
Q4. What are the Steps to a Successful Presentation? Explain (10 marks)
Q5. List the 10 Communication of Improving listening Skill (10 marks)
Q6. What are the techniques for improving retention? (10 marks)
Q7. What are the Components of Reading skill (10 marks)
Q8. Write about effective use of Grapevine (10 marks)
Business Ethics ISBM EXAM ANSWER SHEETS PROVIDED
Answer the following question.
Q1. Give characteristic of quality leadership. (10 marks)
Q2. Give benefits of consumer education. (10 marks)
Q3. Write a note on Consumer Safety. (10 marks)
Q4. What is cultural ethics? (10 marks)
Q5. Discuss managers role in business ethics. (10 marks)
Q6. Give SWOT analysis in Indian scenario. (10 marks)
Q7. Write a note on value education. (10 marks)
Q8. How morality is useful in business? (10 marks)
Personnel Management ISBM EXAM ANSWER SHEETS PROVIDED
Answer the following question.
Q1. explain QWL in the Indian context (10 marks)
Q2. what is the relationship of the employee to the firm ? (10 marks)
Q3. What is the process of personnel research? (10 marks)
Q4. What a different view on performance appraisal as suggested by Scott? (10 marks)
Q5. Write a note on career planning and development (10 marks)
Q6. What is an interview? Explain the kinds of interviews along with the process. (10 marks)
Q7. Explain the types of departments (10 marks)
Q8. Explain in detail the McClellands Need theories. (10 marks)
Principles and Practice of Management ISBM EXAM ANSWER SHEETS PROVIDED
Answer the following question.
Q1. Enumerate and explain the important principles of an Organization. (10 marks)
Q2. Discuss the various functions of Management. (10 marks)
Q3. Describe in brief the different methods of imparting training (10 marks)
Q4. List out importance of communications. (10 marks)
Q5. Factors affecting span of control. (10 marks)
Q6. Disadvantages of written communication. (10 marks)
Q7. Describe characteristics of an organization. (10 marks)
Q8. What are the aspects of the system approach focused attention ? (10 marks)
Q1. What is MBO? How does it function? (10 marks)
Q2. Mention the 4 P’s of negotiation (10 marks)
Q3. What are the Guidelines to use visual Aids (10 marks)
Q4. What are the Steps to a Successful Presentation? Explain (10 marks)
Q5. List the 10 Communication of Improving listening Skill (10 marks)
Q6. What are the techniques for improving retention? (10 marks)
Q7. What are the Components of Reading skill (10 marks)
Q8. Write about effective use of Grapevine (10 marks)
Business Ethics ISBM EXAM ANSWER SHEETS PROVIDED
Answer the following question.
Q1. Give characteristic of quality leadership. (10 marks)
Q2. Give benefits of consumer education. (10 marks)
Q3. Write a note on Consumer Safety. (10 marks)
Q4. What is cultural ethics? (10 marks)
Q5. Discuss managers role in business ethics. (10 marks)
Q6. Give SWOT analysis in Indian scenario. (10 marks)
Q7. Write a note on value education. (10 marks)
Q8. How morality is useful in business? (10 marks)
Personnel Management ISBM EXAM ANSWER SHEETS PROVIDED
Answer the following question.
Q1. explain QWL in the Indian context (10 marks)
Q2. what is the relationship of the employee to the firm ? (10 marks)
Q3. What is the process of personnel research? (10 marks)
Q4. What a different view on performance appraisal as suggested by Scott? (10 marks)
Q5. Write a note on career planning and development (10 marks)
Q6. What is an interview? Explain the kinds of interviews along with the process. (10 marks)
Q7. Explain the types of departments (10 marks)
Q8. Explain in detail the McClellands Need theories. (10 marks)
Principles and Practice of Management ISBM EXAM ANSWER SHEETS PROVIDED
Answer the following question.
Q1. Enumerate and explain the important principles of an Organization. (10 marks)
Q2. Discuss the various functions of Management. (10 marks)
Q3. Describe in brief the different methods of imparting training (10 marks)
Q4. List out importance of communications. (10 marks)
Q5. Factors affecting span of control. (10 marks)
Q6. Disadvantages of written communication. (10 marks)
Q7. Describe characteristics of an organization. (10 marks)
Q8. What are the aspects of the system approach focused attention ? (10 marks)
NMIMS April 2018 Assignments: Contact us for answers at assignmentssolution@gmail.com
Organisational Behaviour
1. Sana and Reema joined a quick serve restaurant chain at the head office in the marketing department. Both of them were very happy with the compensation and designation offered to them. Since Sana and Reema joined in the same month so they bonded well together, during one of the conversation Sana got to know that Reema was getting paid 25% more than her. This revelation had caused a conflict between them as it had really saddened Sana which was observable by her hostile behaviour towards Reema. Sana never missed a chance to make Reema feel miserable. Sana Started comparing the fact that both of them had the same qualification and work experience and still she (Sana) was getting paid less than her peer. The situation had worsened so much that they both stopped communicating with each other. You are the HR manager who has observed all this and now you have to come up with techniques with the help of which this conflict can be resolved. Discuss any 4 (four) techniques of conflict resolution and management. Also, conclude the answer by discussing how organisations can avoid/minimise such conflicts. (10 Marks)
2. Karan and Sanjay work as Project Lead for two different teams. It has been noticed that Karan is very helpful and empathetic towards his team and supports them in every possible manner. The team in turn is very close knit and can really works hard to accomplish the objectives. They also give Karan full support whenever required by going out of their way. Whereas Sanjay just wants to get the work done by being a tight fisted man. He reprimands his team members in front of outsiders. He only instructs his team and is never in execution front. Sanjay's team is really petrified of him and always is under fear. Team's motivation is very low and everyone is searching for opportunity to move out of Sanjay's team. Compare the leadership style of Karan and Sanjay. Conclude by discussing that in a workplace which style of leadership is better suited. (10 Marks)
3. Rajat and Suresh have got their yearly targets and both of them are working hard to surpass each other as by the year end the one who achieves the maximum is going to be awarded in the sales conference with a cash prize of Rs. 50000 which would be given by the CEO of the company. They both are doing their best to win this contest for Rajat, the prime factor is money as he has recently got married and his expenses have increased. Whereas, Suresh comes from a very affluent family and for him getting recognized in front of PAN India team and by the CEO is the driving force. Here, we can see that both Rajat and Suresh had different motives.
a. Based on the above scenario discuss the different types of motives which regulate the behaviour of individuals. (5 Marks)
b. With the help of Maslow need hierarchy theory discuss why Rajat, Suresh and even every individual has different motive?
Tuesday, 30 January 2018
ISBM Exam papers/Assignments/Projects : Contact us for answers at assignmentssolution@gmail.com
Corporate Law ISBM EXAM ANSWER SHEET PROVIDED
Answer the following question.
Q1. Discuss Agent and agency (10 marks)
Q2. State kinds of guarantee (10 marks)
Q3. How to resolve disputes (10 marks)
Q4. Discuss FDI (10 marks)
Q5. What is possession and retention of foreign currency (10 marks)
Q6. Explain delivery (10 marks)
Q7. Distinguish sale and hire purchase (10 marks)
Q8. Explain dissolution. (10 marks)
Financial Management ISBM EXAM ANSWER SHEET PROVIDED
Answer the following question.
Q1. How are financial trades made in an over the counter market? Discuss the role of a dealer in the OTC market. (10
marks)
Q2. What is the basic goal of a business? (10
marks)
Q3. Determination of capital structure of a company is influenced by a number of factors’ explain six such factors. (10
marks)
Q4. To avoid the problem of shortage and surplus of funds, what is required in Financial management? Name the concept
and explain four points of importance.
(10
marks)
Q5. What is meant by capital budgeting decision? (10
marks)
Q6. What is meant by Financial Planning? (10
marks)
Q7. State the decisions involved in Financial management. (10
marks)
Q8. Why we use WACC? (10
marks)
Human Resource Management ISBM EXAM ANSWER SHEET PROVIDED
Case Studies
CASE STUDY (20
Marks)
The Punjab Machine Tools Corporation (PMTC) is in the business of metal cutting and metal forming tools is facing competition at
national and international levels. The business of the PMTC changes with the capacity utilization of user industries. In a recent
meeting the MD of PMTC Mr. Gyan chand was urged by the distributors to launch a high – tech metal cutting tool using latest
technology. They felt that this would help in fighting dumping of cheap second hand machinery and increase the domestic and
export market. Gyan chand realized this would increase his R&D budget. A fully automated production line increases financial
expenditure, require inventory space , training of mechanics in fully automated robots and gadgets . Gyan chand recalled the
previous market meetings wherein, the marketing people wanted many varieties of machine cutting tools but never appreciated its
financial burden. PMTC so far has successfully managed the business with two models of cutting tools and Gyan chand realized that
no need for new models but to improve existing models and reduce its cost and sales price. The customers are interested in getting
value for their money. Gyan chand sought the opinion of a consultancy firm in this regard .
Answer the following question.
Q1. What do you think is the mission of PMTC?
Q2. What kind of opportunities and threats exist for PMTC?
Q3. Evaluate the strength and weakness of PMTC?
Q4. What factors are critical for PMTC’s success or failure?
CASE STUDY (20
Marks)
Hyundai Motor Co., formed in 1967, was a part of the large South Korean Chaebol – the Hyundai Group – until the group split in
September 2000. In the last four decades, Hyundai managed to establish itself all over the world as a company producing reliable,
technically sound and stylish automobiles. In the 90s, the company started aggressive overseas expansion programs. By the late 90s,
when Southeast Asian crisis struck, the company like all the other chaebols, faced serious financial problems. To survive, it had to
cut its labor force. The company offered various retirement schemes, unpaid leave for two years, etc. to workers, and expressed its
inability to support its entire workforce in the slack period. The unions refused to compromise and the management too held its
ground. Finally, the government intervened to force a negotiated settlement between the union and the management
Answer the following question.
Q1. Give an overview of the case.
Q2. Discuss the damages: that unhappy management-labor relations can cause to an organization
CASE STUDY (20
Marks)
7/11/2017 Aeren Foundation
2/2
Profit . Com is a new Ecommerce company started by Ms Ding Dong Du. She is very ambitious and up beat about Indian economy.
Looking at the success of E commerce Companies in India she has big plans. She would like to attract the best talent and project the
company as most consumer friendly, quality conscious and modern. She has selected you as H R Head. How will you accomplish the
following assignments given to you?
Answer the following question.
Q1. Prepare Objectives of the Company and an action plan for the employees to make them professional.
Q2. How you will bring change in attitude of the employees to comply with the objectives Of the company?
CASE STUDY (20
Marks)
This case is about the employer branding strategies adopted by McDonald’s Corporation, one of the largest fast food chains in the
world. Since the 1980s, entry-level jobs at McDonald’s had come to be associated with low-paying dead end jobs. The term ‘McJobs’
had become synonymous with low-prestige, low-benefit, no-future jobs in the service or retail sector particularly at fast food
restaurants and retail stores. Though the term was coined to describe jobs at McDonald’s, it was later used to refer to any low-status
job where little training was required and workers’ activities were strictly regulated Because of its common usage, the term appeared
in the online version of the Oxford English Dictionary (OED) in March 2001 and the Merriam-Webster Collegiate Dictionary
(Merriam-Webster Dictionary) in 2003. The case discusses how McDonald’s systemically tried to redefine the term ‘McJobs’ and
improve its employer brand since the early 2000s. According to McDonald’s, this negative interpretation of McJobs was not only
inaccurate but also demeaning to the thousands of people working in the service sector. As employer branding was a critical
management tool for companies to attract the right talent, McDonald’s decided to try and revise the image associated with McJobs.
This it did by taking various initiatives that also included advertising campaigns aimed at showcasing the benefits of working at
McDonald’s and bridging the divide between people’s perceptions of the McJob and the real employment experience of people
actually working for the fast-food chain. Experts felt that these were some of the best examples of a company successfully planning
and implementing an employee branding strategy. However, the case also highlights the challenges faced by McDonald’s in
attracting new talent as derogatory comments continued to be made about McJobs and this could discourage prospective employees
from taking up such jobs.
Answer the following question.
Q1. What is the importance of employer branding and its relationship with the ability of a company to attract talent.
Q2. Explain the issues and challenges in planning and implementing an employer branding initiative.
International Business ISBM EXAM ANSWER SHEET PROVIDED
Case Studies
CASE STUDY (20
Marks)
In the worldwide production of mango, India stands on the top, which supplies about 40% of world mangoes. Nevertheless, the
export of mango is only 1% of the total production. It is because of shortage of export supply chain, high cost off transport and those
mangoes which cannot be exported. Indian mangoes are mostly exported to Arab countries, Nepal, Bangladesh and United
Kingdom. As compared to the US market, which is more profitable market, all the others bring much lesser profit. USA is the largest
importer of mangoes in the world. About 50 % mangoes are imported from Mexico by USA. India exports only insignificant amount
of mangoes to USA. This happened because of ban on import of mango from India inflicted by US between 1989 and 2006. In 2006
the ban was lifted but the enforcement of the inspection standards remained controversial. The ban was imposed by USA on Indian
mango because of over usage of pesticides. Though India offered to bring down the level of pesticides and use of HWT (Hot Water
Treatment) as was being done for exports to other countries, USA only favored severe inspection standards such as nuclear
irradiation. The cost of inspection through irradiation plant is much higher than HWT.
Answer the following question.
Q1. Give an overview of the case.
Q2. Why did USA ban import of mango from India?
Q3. Despite removal of the ban, why the export of mango to USA did not pick up?
Q4. What lessons do you learn from the above case study?
CASE STUDY (20
Marks)
Ratan Tata is widely recognized as the person responsible for transforming the Tata Group, a large India-based conglomerate, from
an unwieldy collection of businesses into a relatively more nimble group of companies better prepared to take advantage of
opportunities. During Ratan Tata’s early days at the Tata Group he attempted to change the processes, people and work culture at the
Group companies. It explains the steps that he took in order to inject professionalism in the Group. It briefly examines the two
directions for growth – innovation and globalization – that he chose for the Group companies. The Group of Tata companies
flourished due to the vision, risk-taking ability and high ethical standards of Ratan Tata.
Answer the following question.
Q1. Discuss the characteristics of a successful leader.
Q2. Appreciate the attempts made by a Group head to revive the Group companies in the face of challenges posed by a
dynamic business environment.
CASE STUDY (20
Marks)
7/11/2017 Aeren Foundation
2/2
This case discusses Beijing-based multinational technology giant, Lenovo Group Limited’s (Lenovo), success story in China and its
emergence as the global brand from China. In early 2013, Lenovo emerged as the clear leader in the global Personal Computer (PC)
market. Industry experts opined that the company’s success was attributable to several strategies it had adopted in China – aggressive
pricing in its home market – China — and its acquisition strategy in mature markets such as Germany and Japan, made it a market
leader in the global PC market.
Answer the following question.
Q1. Critically analyze the strategies to be adopted by Lenovo to maintain its market leadership position in the lucrative
Chinese PC market.
Q2. Discuss how Lenovo achieved a balance in catering to global customers while customizing its practices to suit the
needs of its Chinese consumers.
CASE STUDY (20
Marks)
The case discusses the globalization efforts of Ranbaxy Laboratories (Ranbaxy), a leading pharm a company in India. Ranbaxy
started off distributing drugs in foreign countries and went on to play a major role in the global generics market. By 2004, the
company had manufacturing plants in 10 locations, ground operations in 45 countries and its products were sold in 70 countries
across the world. The case describes Ranbaxy’s foray in the US markets where it made a slow entry and adopted the route of Para IV
filings to challenge the supremacy of big pharm – a companies. By the first quarter of 2005, Ranbaxy’s sales in the US decreased by
US$ 25 million, which was attributed to severe price erosion in these markets due to increasing competition among the US generics.
The case describes the challenges facing the company in the US and examines Ranbaxy’s growth strategy for the US markets.
Answer the following question.
Q1. Discuss the challenges faced by Ranbaxy in the US.
Q2. Explain the initiatives taken by Ranbaxy in the global generics market.
Quantitative Methods ISBM EXAM ANSWER SHEET PROVIDED
Case Studies
A monte Carlo Case Study (20
Marks)
Laura,’ a 57 year old unmarried woman, earns around 68,000 dollars per year with expenditure of 37,500 dollars. She hit away
14,000 dollars each year and collected 330,000 dollars in her RRSP and TFSA, and also a rented apartment worth 250,000 dollars.
She has a iixed pension given by her employer, although it is not indicated to price rise, and Is entitled to get complete benefits of
Canada Pension Plan and Old Age Security, for retirement. She did not have a very competent portfolio: one fourth of cash is there,
and most of it was in contracted sector ETFs, single stocks and business bonds. Due to wrong entry of ETFs in the account,
unnecessary taxes were charged. Even before reconstructing Laura’s portfolio,”he had to make certain that it matched with.her
financial aims. Laura’s main aim was to ascertain if she could retire before the age of 65, maybe as early as 60, therefore she had to
know if her investments could produce enough flow of cash after she retires. Monte Carlo may show a top possibility of success with
the allotment of equity of 70% ot 80%. Through a risky questionnaire and art open interview, Justin Ill ‘ascertain that Laura was the
best person for a portfolio of 60% fixed income and 40% equities. . Through Monte Carlo software, Justin entered the current
portfolio . size of Laura, her rate of savings, projected retirement expenditure, and other employer income and government pensions.
If Laura feels that working till the age of 63 was unpleasant, she could go for the reproduction again and with different estimation.
Increasing her anticipated returns or bringing down the rate of inflation, is only a thought, therefore, she will have to make some
stronger decisions: she will have to making some more savings, or bring down her rate of planned expenses after retirement.
Amazingly, by bringing up the allotment to fixed salary could increase her opportunity to succeed: in spite of th returns being lower
than the equities, the volatility is also less, which lessens the risk of helpless decline in the early years. At last, Laura decided to work
for 6 more years and plan her retirement at the age of 63. After this, Justin decided to help her make a fresh ETF portfolio to match
that goal: it was finalized at 30% short term business bonds, 30% GICs, and the rest of it was divided among Canadian, L’S and
global equities. Laura was able to make a notified decision through the Monte Carlo simulation, but this wasn’t the end of the
procedure. In two or three years time, she will have to visit the location again to see that she is still on the right path of her retirement
goal, as many issues like, loss of job, a legacy, new connections, increase in the interest rates, all these could bring a change in the
main suppusitions 1 ; and she will have to redo her plans. The possibilities are different before the age of 63. For each added year
that Laura works, her portfolio will addition instead of a decrease and this will lead to a thrilling difference: the success rate will rise
up by 25% points if she continues to work till the age of 61 instead of 60.
Answer the following question.
Q1. How much was Laura earning at the age of 57? (Hint: 68,000 dollars per year)
CASE STUDY (20
Marks)
The cost of fuel in running of an engine is proportional to the square of the speed and is Rs 48 per hour for speed of 16 kilometers
per hour. Other expenses amount to Rs 300 per hour. What is the most economical speed?
Answer the following question.
Q1. What is most economical speed?
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Q2. What is a chi-square test?
Q3. What is sampling and what are its uses.
Q4. Is there any alternative formula to find the value of Chi-square?
Finoplastika Industries Ltd, Nigeria (20
Marks)
Time series analysis has two important aims: 1) recognizing the quality of the phenomenon shown by the series of studies, and 2)
Both the aims need the plan of the viewed time series data is recognized and somewhat officially explained: A time series is said to
be a ‘collection of observations made in sequence with time’. For example: recording level of daily rainfall, periodical total domestic
product of US, and monthly strength of the. workers in Marine Corps for a specific rank and MOS. The evaluation of time series
gives instruments for picking a symbolic model and delivering forecasts. There are two sorts of times series data: • Continuous: in
this the data consists of study at every moment, for example, seismic movement recorded on a seismogram. • Discrete: the data
contains recordings taken at different periods ,like, statistics of each month crime. Until the data is absolutely haphazard, studies in
time series are usually related to each and the following studies could be partly ascertain by the last values. For instance, the reasons
pertaining to the meteorology which have an effect on the temperature for any given day tend to have some affect on the next day’s
climate. Hence, the observations of the past temperature are helpful for predicting temperatures for the following days. • A time
series can be deterministic if there are no haphazard or feasible features but goes in a set and foreseeable manner. The data gathered
during the classical physics experiment like showing Newton’s Law of Motion, is one example of a deterministic time series. The
stochastic type of series is more appropriate to the econometric function. Stochastic variables contain undefined or arbitrary
viewpoint. Though the worth of each study cannot be precisely foreseen, calculating the various observations could follow the
expected method. These methods can be explained through the statistical models. According to these models, studies differ
erratically on the underlying mean value whtch is the role of time. Time series data can be put in the following categories: one or
more performance factors; trend, seasonality, cyclical function and random sound. Various kinds of time series predicting models
give forecasts through extrapolating the previous performance of the values of a specified \’l!riable of interest. Consecutive study in
econometric times series are generally not free and forecast can be made on the basis of last observations. Although precise
predictions can be made with deterministic time series, predictions of stochastic time series are restricted to ‘conditional statements
regarding the future on the basis of particular hypothesis.’ Armstrong (2001) says, “The basic Assumption is that the variable ui!!
continue in the future as it has behaved in the past. ” Particularly, the time series predictions are suitable for stochastic type of data in
which the fundamental root cause of variation like, trend, cyclical performance, seasonality, and uneven variations, do not change
radically m time. Therefore, modeling is considered to be more suitable temporarily instead of permanent predictions.
Answer the following question.
Q1.
Write briefly on time-series analysis. (Hint: recognizing the quality of the phenomenon shown by the series of
studies, and, both the aims need the plan of the viewed time series data is recognized and somewhat officially
explained)
CASE STUDY (20
Marks)
The price P per unit at which a company can sell all that it produces is given by the function P(x) = 300 — 4x. The cost function is
c(x) = 500 + 28x where x is the number of units produced. Find x so that the profit is maximum.
Answer the following question.
Q1. Find the value of x.
Q2. In using regression analysis for making predictions what are the assumptions involved.
Q3. What is a simple linear regression model?
Q4. What is a scatter diagram method?
Answer the following question.
Q1. Discuss Agent and agency (10 marks)
Q2. State kinds of guarantee (10 marks)
Q3. How to resolve disputes (10 marks)
Q4. Discuss FDI (10 marks)
Q5. What is possession and retention of foreign currency (10 marks)
Q6. Explain delivery (10 marks)
Q7. Distinguish sale and hire purchase (10 marks)
Q8. Explain dissolution. (10 marks)
Financial Management ISBM EXAM ANSWER SHEET PROVIDED
Answer the following question.
Q1. How are financial trades made in an over the counter market? Discuss the role of a dealer in the OTC market. (10
marks)
Q2. What is the basic goal of a business? (10
marks)
Q3. Determination of capital structure of a company is influenced by a number of factors’ explain six such factors. (10
marks)
Q4. To avoid the problem of shortage and surplus of funds, what is required in Financial management? Name the concept
and explain four points of importance.
(10
marks)
Q5. What is meant by capital budgeting decision? (10
marks)
Q6. What is meant by Financial Planning? (10
marks)
Q7. State the decisions involved in Financial management. (10
marks)
Q8. Why we use WACC? (10
marks)
Human Resource Management ISBM EXAM ANSWER SHEET PROVIDED
Case Studies
CASE STUDY (20
Marks)
The Punjab Machine Tools Corporation (PMTC) is in the business of metal cutting and metal forming tools is facing competition at
national and international levels. The business of the PMTC changes with the capacity utilization of user industries. In a recent
meeting the MD of PMTC Mr. Gyan chand was urged by the distributors to launch a high – tech metal cutting tool using latest
technology. They felt that this would help in fighting dumping of cheap second hand machinery and increase the domestic and
export market. Gyan chand realized this would increase his R&D budget. A fully automated production line increases financial
expenditure, require inventory space , training of mechanics in fully automated robots and gadgets . Gyan chand recalled the
previous market meetings wherein, the marketing people wanted many varieties of machine cutting tools but never appreciated its
financial burden. PMTC so far has successfully managed the business with two models of cutting tools and Gyan chand realized that
no need for new models but to improve existing models and reduce its cost and sales price. The customers are interested in getting
value for their money. Gyan chand sought the opinion of a consultancy firm in this regard .
Answer the following question.
Q1. What do you think is the mission of PMTC?
Q2. What kind of opportunities and threats exist for PMTC?
Q3. Evaluate the strength and weakness of PMTC?
Q4. What factors are critical for PMTC’s success or failure?
CASE STUDY (20
Marks)
Hyundai Motor Co., formed in 1967, was a part of the large South Korean Chaebol – the Hyundai Group – until the group split in
September 2000. In the last four decades, Hyundai managed to establish itself all over the world as a company producing reliable,
technically sound and stylish automobiles. In the 90s, the company started aggressive overseas expansion programs. By the late 90s,
when Southeast Asian crisis struck, the company like all the other chaebols, faced serious financial problems. To survive, it had to
cut its labor force. The company offered various retirement schemes, unpaid leave for two years, etc. to workers, and expressed its
inability to support its entire workforce in the slack period. The unions refused to compromise and the management too held its
ground. Finally, the government intervened to force a negotiated settlement between the union and the management
Answer the following question.
Q1. Give an overview of the case.
Q2. Discuss the damages: that unhappy management-labor relations can cause to an organization
CASE STUDY (20
Marks)
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Profit . Com is a new Ecommerce company started by Ms Ding Dong Du. She is very ambitious and up beat about Indian economy.
Looking at the success of E commerce Companies in India she has big plans. She would like to attract the best talent and project the
company as most consumer friendly, quality conscious and modern. She has selected you as H R Head. How will you accomplish the
following assignments given to you?
Answer the following question.
Q1. Prepare Objectives of the Company and an action plan for the employees to make them professional.
Q2. How you will bring change in attitude of the employees to comply with the objectives Of the company?
CASE STUDY (20
Marks)
This case is about the employer branding strategies adopted by McDonald’s Corporation, one of the largest fast food chains in the
world. Since the 1980s, entry-level jobs at McDonald’s had come to be associated with low-paying dead end jobs. The term ‘McJobs’
had become synonymous with low-prestige, low-benefit, no-future jobs in the service or retail sector particularly at fast food
restaurants and retail stores. Though the term was coined to describe jobs at McDonald’s, it was later used to refer to any low-status
job where little training was required and workers’ activities were strictly regulated Because of its common usage, the term appeared
in the online version of the Oxford English Dictionary (OED) in March 2001 and the Merriam-Webster Collegiate Dictionary
(Merriam-Webster Dictionary) in 2003. The case discusses how McDonald’s systemically tried to redefine the term ‘McJobs’ and
improve its employer brand since the early 2000s. According to McDonald’s, this negative interpretation of McJobs was not only
inaccurate but also demeaning to the thousands of people working in the service sector. As employer branding was a critical
management tool for companies to attract the right talent, McDonald’s decided to try and revise the image associated with McJobs.
This it did by taking various initiatives that also included advertising campaigns aimed at showcasing the benefits of working at
McDonald’s and bridging the divide between people’s perceptions of the McJob and the real employment experience of people
actually working for the fast-food chain. Experts felt that these were some of the best examples of a company successfully planning
and implementing an employee branding strategy. However, the case also highlights the challenges faced by McDonald’s in
attracting new talent as derogatory comments continued to be made about McJobs and this could discourage prospective employees
from taking up such jobs.
Answer the following question.
Q1. What is the importance of employer branding and its relationship with the ability of a company to attract talent.
Q2. Explain the issues and challenges in planning and implementing an employer branding initiative.
International Business ISBM EXAM ANSWER SHEET PROVIDED
Case Studies
CASE STUDY (20
Marks)
In the worldwide production of mango, India stands on the top, which supplies about 40% of world mangoes. Nevertheless, the
export of mango is only 1% of the total production. It is because of shortage of export supply chain, high cost off transport and those
mangoes which cannot be exported. Indian mangoes are mostly exported to Arab countries, Nepal, Bangladesh and United
Kingdom. As compared to the US market, which is more profitable market, all the others bring much lesser profit. USA is the largest
importer of mangoes in the world. About 50 % mangoes are imported from Mexico by USA. India exports only insignificant amount
of mangoes to USA. This happened because of ban on import of mango from India inflicted by US between 1989 and 2006. In 2006
the ban was lifted but the enforcement of the inspection standards remained controversial. The ban was imposed by USA on Indian
mango because of over usage of pesticides. Though India offered to bring down the level of pesticides and use of HWT (Hot Water
Treatment) as was being done for exports to other countries, USA only favored severe inspection standards such as nuclear
irradiation. The cost of inspection through irradiation plant is much higher than HWT.
Answer the following question.
Q1. Give an overview of the case.
Q2. Why did USA ban import of mango from India?
Q3. Despite removal of the ban, why the export of mango to USA did not pick up?
Q4. What lessons do you learn from the above case study?
CASE STUDY (20
Marks)
Ratan Tata is widely recognized as the person responsible for transforming the Tata Group, a large India-based conglomerate, from
an unwieldy collection of businesses into a relatively more nimble group of companies better prepared to take advantage of
opportunities. During Ratan Tata’s early days at the Tata Group he attempted to change the processes, people and work culture at the
Group companies. It explains the steps that he took in order to inject professionalism in the Group. It briefly examines the two
directions for growth – innovation and globalization – that he chose for the Group companies. The Group of Tata companies
flourished due to the vision, risk-taking ability and high ethical standards of Ratan Tata.
Answer the following question.
Q1. Discuss the characteristics of a successful leader.
Q2. Appreciate the attempts made by a Group head to revive the Group companies in the face of challenges posed by a
dynamic business environment.
CASE STUDY (20
Marks)
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This case discusses Beijing-based multinational technology giant, Lenovo Group Limited’s (Lenovo), success story in China and its
emergence as the global brand from China. In early 2013, Lenovo emerged as the clear leader in the global Personal Computer (PC)
market. Industry experts opined that the company’s success was attributable to several strategies it had adopted in China – aggressive
pricing in its home market – China — and its acquisition strategy in mature markets such as Germany and Japan, made it a market
leader in the global PC market.
Answer the following question.
Q1. Critically analyze the strategies to be adopted by Lenovo to maintain its market leadership position in the lucrative
Chinese PC market.
Q2. Discuss how Lenovo achieved a balance in catering to global customers while customizing its practices to suit the
needs of its Chinese consumers.
CASE STUDY (20
Marks)
The case discusses the globalization efforts of Ranbaxy Laboratories (Ranbaxy), a leading pharm a company in India. Ranbaxy
started off distributing drugs in foreign countries and went on to play a major role in the global generics market. By 2004, the
company had manufacturing plants in 10 locations, ground operations in 45 countries and its products were sold in 70 countries
across the world. The case describes Ranbaxy’s foray in the US markets where it made a slow entry and adopted the route of Para IV
filings to challenge the supremacy of big pharm – a companies. By the first quarter of 2005, Ranbaxy’s sales in the US decreased by
US$ 25 million, which was attributed to severe price erosion in these markets due to increasing competition among the US generics.
The case describes the challenges facing the company in the US and examines Ranbaxy’s growth strategy for the US markets.
Answer the following question.
Q1. Discuss the challenges faced by Ranbaxy in the US.
Q2. Explain the initiatives taken by Ranbaxy in the global generics market.
Quantitative Methods ISBM EXAM ANSWER SHEET PROVIDED
Case Studies
A monte Carlo Case Study (20
Marks)
Laura,’ a 57 year old unmarried woman, earns around 68,000 dollars per year with expenditure of 37,500 dollars. She hit away
14,000 dollars each year and collected 330,000 dollars in her RRSP and TFSA, and also a rented apartment worth 250,000 dollars.
She has a iixed pension given by her employer, although it is not indicated to price rise, and Is entitled to get complete benefits of
Canada Pension Plan and Old Age Security, for retirement. She did not have a very competent portfolio: one fourth of cash is there,
and most of it was in contracted sector ETFs, single stocks and business bonds. Due to wrong entry of ETFs in the account,
unnecessary taxes were charged. Even before reconstructing Laura’s portfolio,”he had to make certain that it matched with.her
financial aims. Laura’s main aim was to ascertain if she could retire before the age of 65, maybe as early as 60, therefore she had to
know if her investments could produce enough flow of cash after she retires. Monte Carlo may show a top possibility of success with
the allotment of equity of 70% ot 80%. Through a risky questionnaire and art open interview, Justin Ill ‘ascertain that Laura was the
best person for a portfolio of 60% fixed income and 40% equities. . Through Monte Carlo software, Justin entered the current
portfolio . size of Laura, her rate of savings, projected retirement expenditure, and other employer income and government pensions.
If Laura feels that working till the age of 63 was unpleasant, she could go for the reproduction again and with different estimation.
Increasing her anticipated returns or bringing down the rate of inflation, is only a thought, therefore, she will have to make some
stronger decisions: she will have to making some more savings, or bring down her rate of planned expenses after retirement.
Amazingly, by bringing up the allotment to fixed salary could increase her opportunity to succeed: in spite of th returns being lower
than the equities, the volatility is also less, which lessens the risk of helpless decline in the early years. At last, Laura decided to work
for 6 more years and plan her retirement at the age of 63. After this, Justin decided to help her make a fresh ETF portfolio to match
that goal: it was finalized at 30% short term business bonds, 30% GICs, and the rest of it was divided among Canadian, L’S and
global equities. Laura was able to make a notified decision through the Monte Carlo simulation, but this wasn’t the end of the
procedure. In two or three years time, she will have to visit the location again to see that she is still on the right path of her retirement
goal, as many issues like, loss of job, a legacy, new connections, increase in the interest rates, all these could bring a change in the
main suppusitions 1 ; and she will have to redo her plans. The possibilities are different before the age of 63. For each added year
that Laura works, her portfolio will addition instead of a decrease and this will lead to a thrilling difference: the success rate will rise
up by 25% points if she continues to work till the age of 61 instead of 60.
Answer the following question.
Q1. How much was Laura earning at the age of 57? (Hint: 68,000 dollars per year)
CASE STUDY (20
Marks)
The cost of fuel in running of an engine is proportional to the square of the speed and is Rs 48 per hour for speed of 16 kilometers
per hour. Other expenses amount to Rs 300 per hour. What is the most economical speed?
Answer the following question.
Q1. What is most economical speed?
7/11/2017 Aeren Foundation
2/2
Q2. What is a chi-square test?
Q3. What is sampling and what are its uses.
Q4. Is there any alternative formula to find the value of Chi-square?
Finoplastika Industries Ltd, Nigeria (20
Marks)
Time series analysis has two important aims: 1) recognizing the quality of the phenomenon shown by the series of studies, and 2)
Both the aims need the plan of the viewed time series data is recognized and somewhat officially explained: A time series is said to
be a ‘collection of observations made in sequence with time’. For example: recording level of daily rainfall, periodical total domestic
product of US, and monthly strength of the. workers in Marine Corps for a specific rank and MOS. The evaluation of time series
gives instruments for picking a symbolic model and delivering forecasts. There are two sorts of times series data: • Continuous: in
this the data consists of study at every moment, for example, seismic movement recorded on a seismogram. • Discrete: the data
contains recordings taken at different periods ,like, statistics of each month crime. Until the data is absolutely haphazard, studies in
time series are usually related to each and the following studies could be partly ascertain by the last values. For instance, the reasons
pertaining to the meteorology which have an effect on the temperature for any given day tend to have some affect on the next day’s
climate. Hence, the observations of the past temperature are helpful for predicting temperatures for the following days. • A time
series can be deterministic if there are no haphazard or feasible features but goes in a set and foreseeable manner. The data gathered
during the classical physics experiment like showing Newton’s Law of Motion, is one example of a deterministic time series. The
stochastic type of series is more appropriate to the econometric function. Stochastic variables contain undefined or arbitrary
viewpoint. Though the worth of each study cannot be precisely foreseen, calculating the various observations could follow the
expected method. These methods can be explained through the statistical models. According to these models, studies differ
erratically on the underlying mean value whtch is the role of time. Time series data can be put in the following categories: one or
more performance factors; trend, seasonality, cyclical function and random sound. Various kinds of time series predicting models
give forecasts through extrapolating the previous performance of the values of a specified \’l!riable of interest. Consecutive study in
econometric times series are generally not free and forecast can be made on the basis of last observations. Although precise
predictions can be made with deterministic time series, predictions of stochastic time series are restricted to ‘conditional statements
regarding the future on the basis of particular hypothesis.’ Armstrong (2001) says, “The basic Assumption is that the variable ui!!
continue in the future as it has behaved in the past. ” Particularly, the time series predictions are suitable for stochastic type of data in
which the fundamental root cause of variation like, trend, cyclical performance, seasonality, and uneven variations, do not change
radically m time. Therefore, modeling is considered to be more suitable temporarily instead of permanent predictions.
Answer the following question.
Q1.
Write briefly on time-series analysis. (Hint: recognizing the quality of the phenomenon shown by the series of
studies, and, both the aims need the plan of the viewed time series data is recognized and somewhat officially
explained)
CASE STUDY (20
Marks)
The price P per unit at which a company can sell all that it produces is given by the function P(x) = 300 — 4x. The cost function is
c(x) = 500 + 28x where x is the number of units produced. Find x so that the profit is maximum.
Answer the following question.
Q1. Find the value of x.
Q2. In using regression analysis for making predictions what are the assumptions involved.
Q3. What is a simple linear regression model?
Q4. What is a scatter diagram method?
NMIMS April 2018 Assignments: Contact us for answers at assignmentssolution@gmail.com
Information Systems for Managers
Q.1) A leading global organization GEMS dealing in production field has spread its business all over the world and deal in production of automobile parts at a large scale. Due to market fluctuations and change in customers’ needs and preferences it has become difficult for the organization to manage their operations efficiently. As a result, the products were not delivered on time. There is a need of implementing a robust business process to reduce overhead and move ahead of the competitors. Hence, the organization decided to implement an ERP system for the same. Discuss any five benefits of implementing ERP system in the organization so that it can be benefitted and also the different phases of ERP implementation. (10 Marks)
Q.2) Pizza Express is a food chain which has just started its various restaurants all over India which offers various types of pizzas. In order to maintain high rate of consistency and defined standards, the company needs to have an excellent supply chain management. Discuss how maintaining a high standard of supply chain management in the Pizza Express organization will keep stronghold in the country. Also, explain the various steps of supply chain process which can be implemented by the organization. (10 Marks)
Q.3) ‘The Coffee’ a leading brand in the field of brand of Coffee sells various varieties of coffees. The company maintained its quality and standards by following and implementing different quality standards in the organization. But few months ago, the security of the organization went on stake due to virus attack by intruders.
3 a). You as Head of the Company will follow which steps for incident handling in the organization.
3.b) Explain the disaster recovery and business continuity planning mechanisms which will help the ‘ The Coffee’ organization to bring back its normal operation.
Q.1) A leading global organization GEMS dealing in production field has spread its business all over the world and deal in production of automobile parts at a large scale. Due to market fluctuations and change in customers’ needs and preferences it has become difficult for the organization to manage their operations efficiently. As a result, the products were not delivered on time. There is a need of implementing a robust business process to reduce overhead and move ahead of the competitors. Hence, the organization decided to implement an ERP system for the same. Discuss any five benefits of implementing ERP system in the organization so that it can be benefitted and also the different phases of ERP implementation. (10 Marks)
Q.2) Pizza Express is a food chain which has just started its various restaurants all over India which offers various types of pizzas. In order to maintain high rate of consistency and defined standards, the company needs to have an excellent supply chain management. Discuss how maintaining a high standard of supply chain management in the Pizza Express organization will keep stronghold in the country. Also, explain the various steps of supply chain process which can be implemented by the organization. (10 Marks)
Q.3) ‘The Coffee’ a leading brand in the field of brand of Coffee sells various varieties of coffees. The company maintained its quality and standards by following and implementing different quality standards in the organization. But few months ago, the security of the organization went on stake due to virus attack by intruders.
3 a). You as Head of the Company will follow which steps for incident handling in the organization.
3.b) Explain the disaster recovery and business continuity planning mechanisms which will help the ‘ The Coffee’ organization to bring back its normal operation.
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