RK JHA Solutions for Chapter: Decision Making, Exercise 13: Solved Paper 2008

The city of Nagpur has a population of 20 million, 4 million amongst whom are rich, 6 million poor and 10 million belong to the middle class. Nivya Cosmetics manufactured and sold beauty product to the rich class at a premium price. Its products were very popular with customers. Many people from the middle and poor segments of the population aspired to buy these products but could not afford because of the high prices. Of late, sales growth has been stagnating in the rich segment.

Which of the following is the best option for Nivya Cosmetics to maximise long-term profits?

Directions Read the following situations and choose the best possible alternative.

Seema was a finance manager in an MNC and felt that gender discrimination at the workplace hampered her carreer growth. Frustrated, she quit the job and started a company. While starting her company, Seema decided that she would have equal proportion of males and females. Over the last six years, Seema emerged as a very successful entrepreneur and expanded her business to eight locations in the country. However, Seema recently started facing an ethical dilemma because she relized that female employees were not willing to travel across cities and work late hours, as the work required them to do so. Male employees did not hesitate undertaking such work. Seema started to feel the pressure of reducing the proportion of female employees. On the other hand, she is aware that equal representation was one of the strongest reasons for her to have founded the company. What should she do as a conscientious female entrepreneur?

Directions Read the following situations and choose the best possible alternative.

A database software manufacturing company found out that a product it has launched recently had a few bugs. The product has already been bought by more than a million customers. The company realized that bugs could cost its customers significantly. However, if it informs the customers about the bug, it feared losing credibility. What would be the most ethical option for the company?

Directions Read the following situations and choose the best possible alternative.

You, a recruitment manager, are interviewing Mayank, a hard-working young man, who has problems in speaking fluent English. He has studied in vernacular medium schools and colleges. Amongst the following options, what would you choose to do, if your company has vacancies?

Direction : Read the following situation and choose the best possible alternative.

The surnames of four professionals are : Bannerji, Chatterji, Mukherji and Pestonji. Their professions are accountant, lawyer, dentist and doctor (not necessarily in this order). The accountant and lawyer work in their offices, while the dentist and doctor work in their nursing homes. The accountant looks after Mukherji's and Chatterji's account. Chatterji does not know Bannerji, although his nursing home is in the same street as Bannerji's office. Chatterji is not a doctor.

What are the occupations of the four people ?