NPTEL Principles of Management Week 4 Assignment Answers 2025
1. Which forecasting technique is most suitable to predict the effect of DVD players on the sale of VHS players?
- Substitution Effect
- Time Series Analysis
- Regression Model
- Econometric Method
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2. Statement 1: Forecasting results are always accurate.
Statement 2: Judgement and Causal models are used for long-term forecasting.
- Statement 1 is true, Statement 2 is not true
- Statement 2 is true, Statement 1 is not true
- Both the statements are true
- Both the statements are not true
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3. Which of the following is an example of succession planning in action?
- Promoting a senior manager to a leadership role without prior preparation
- Conducting regular performance reviews for all employees
- Assigning a high-potential employee to shadow a retiring executive
- Outsourcing talent acquisition to an external agency
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4. The Delphi Method is typically used for:
- Analyzing past financial performance
- Building consensus on complex issues among experts
- Conducting customer satisfaction surveys
- Creating social media marketing strategies
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5. A retailer uses last year’s holiday sales data to predict this year’s holiday demand. This is an example of:
- Qualitative forecasting
- Casual forecasting
- Time-series forecasting
- Judgmental forecasting
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6. Which of the following is an example of the Jury of Opinion method?
- A panel of marketing managers estimating future product demand based on market conditions
- A software predicting demand using historical sales data
- A retailer analyzing seasonal trends from past years
- Conducting a survey of customers to gauge preferences
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7. Which of the following demonstrates internal benchmarking?
- A company comparing sales performance across its regional offices
- A company studying customer satisfaction metrics of its competitors
- An organization adopting best practices from industry leaders
- A startup setting goals based on leading brands in the market
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8. Although there can be multiple ways an organization can allocate resources to function effectively and efficiently. Which among the following is not an approach for the same?
- Scheduling
- Budgeting
- Breakeven analysis
- Regression modelling
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9.
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10. What is typically analyzed in scenario planning to create different future scenarios?
- A company’s existing financial records
- External uncertainties like market trends and regulatory changes
- Current employee performance metrics
- The company’s internal budget allocation for the next fiscal year
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