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Analyse the following caselet and answer the question that follows:
Genius Consulting is a boutique consulting firm started by Shirish, Balram, Rahman and Xavier, four friends from a premier business school. They committed themselves to abide by two principles: a) not to indulge in anything unethical and b) share earnings equally. Genius Consulting could not get a significant project till the following year, when they managed a big one after Rahman's father referred their firm to his top management. Convinced of the team's talent following an impressive presentation, the top management awarded them the project even though six other referred teams made presentations.
The day following the presentation, they met to decide the way forward for the organization.
Q. Which of the following choices would be the most appropriate for Genius Consulting?
- a)As this project violates both their principles, Genius consulting should not take up the project.
- b)Due to the violation of the first principle Genius consulting should not take up this project.
- c)They should take up the project. Further, since Rahman had agreed to equal sharing, he is not entitled to finder's fee.
- d)They should take up the project and as the referral helped them survive, Rahman should be paid finder's fee.
- e)They should take up the project. But, in or order not to violate the principles, Rahman can be paid finder's fee this year and an equal amount be deducted from his compensation the next year.
Correct answer is option 'C'. Can you explain this answer?
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Verified Answer
Analyse the following caselet and answer the question that follows:Gen...
Since company is formed with a motto of ethics and equal compensation, it should not be disturbed. Compensation, should not change based on who gets the business because tomorrow someone else might get the business or getting business may be a role assigned to one member, while others play equally important but different role. It is not an unethical situation because the project was won on the basis of capability and not because of favour from Rahman‘s father. Hence, C becomes the best option as no one is favoured.
Most Upvoted Answer
Analyse the following caselet and answer the question that follows:Gen...
Understanding the Case
Genius Consulting, founded by four friends, operates on two core principles: ethical conduct and equal sharing of earnings. They secured a significant project through a referral from Rahman's father, raising questions about the ethical implications of their involvement.
Analysis of Options
- Option A: Rejecting the Project
This option suggests that the project violates both principles. However, the referral itself does not inherently compromise their ethical standards, as long as the project is pursued ethically.
- Option B: Rejecting Due to Ethical Violation
This option asserts a violation of their first principle, but the referral by Rahman’s father does not constitute unethical behavior. It is a legitimate means of securing business.
- Option C: Accepting the Project Without Finder's Fee
This choice aligns with the principles of Genius Consulting. Accepting the project is justified as it does not breach ethical conduct. Moreover, since they agreed on equal sharing, denying Rahman a finder’s fee maintains the integrity of their arrangement.
- Option D: Accepting and Paying Finder's Fee
While this option acknowledges Rahman's contribution, it creates a precedent for unequal compensation, contradicting their principle of equal earnings.
- Option E: Accepting with Deferred Finder's Fee
This option attempts to balance compensation while adhering to principles, but it complicates their simple approach of equal sharing.
Conclusion
In conclusion, option C is the most appropriate choice. It allows Genius Consulting to take on the project while adhering to their ethical principles and maintaining equal earnings among partners. Emphasizing integrity and teamwork, this choice fosters a collaborative environment essential for their long-term success.
Genius Consulting, founded by four friends, operates on two core principles: ethical conduct and equal sharing of earnings. They secured a significant project through a referral from Rahman's father, raising questions about the ethical implications of their involvement.
Analysis of Options
- Option A: Rejecting the Project
This option suggests that the project violates both principles. However, the referral itself does not inherently compromise their ethical standards, as long as the project is pursued ethically.
- Option B: Rejecting Due to Ethical Violation
This option asserts a violation of their first principle, but the referral by Rahman’s father does not constitute unethical behavior. It is a legitimate means of securing business.
- Option C: Accepting the Project Without Finder's Fee
This choice aligns with the principles of Genius Consulting. Accepting the project is justified as it does not breach ethical conduct. Moreover, since they agreed on equal sharing, denying Rahman a finder’s fee maintains the integrity of their arrangement.
- Option D: Accepting and Paying Finder's Fee
While this option acknowledges Rahman's contribution, it creates a precedent for unequal compensation, contradicting their principle of equal earnings.
- Option E: Accepting with Deferred Finder's Fee
This option attempts to balance compensation while adhering to principles, but it complicates their simple approach of equal sharing.
Conclusion
In conclusion, option C is the most appropriate choice. It allows Genius Consulting to take on the project while adhering to their ethical principles and maintaining equal earnings among partners. Emphasizing integrity and teamwork, this choice fosters a collaborative environment essential for their long-term success.
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Analyse the following caselet and answer the question that follows:Genius Consulting is a boutique consulting firm started by Shirish, Balram, Rahman and Xavier, four friends from a premier business school. They committed themselves to abide by two principles: a) not to indulge in anything unethical and b) share earnings equally. Genius Consulting could not get a significant project till the following year, when they managed a big one after Rahmans father referred their firm to his top management. Convinced of the teams talent following an impressive presentation, the top management awarded them the project even though six other referred teams made presentations.The day following the presentation, they met to decide the way forward for the organization.Q. Which of the following choices would be the most appropriate for Genius Consulting?a)As this project violates both their principles, Genius consulting should not take up the project.b)Due to the violation of the first principle Genius consulting should not take up this project.c)They should take up the project. Further, since Rahman had agreed to equal sharing, he is not entitled to finders fee.d)They should take up the project and as the referral helped them survive, Rahman should be paid finders fee.e)They should take up the project. But, in or order not to violate the principles, Rahman can be paid finders fee this year and an equal amount be deducted from his compensation the next year.Correct answer is option 'C'. Can you explain this answer?
Question Description
Analyse the following caselet and answer the question that follows:Genius Consulting is a boutique consulting firm started by Shirish, Balram, Rahman and Xavier, four friends from a premier business school. They committed themselves to abide by two principles: a) not to indulge in anything unethical and b) share earnings equally. Genius Consulting could not get a significant project till the following year, when they managed a big one after Rahmans father referred their firm to his top management. Convinced of the teams talent following an impressive presentation, the top management awarded them the project even though six other referred teams made presentations.The day following the presentation, they met to decide the way forward for the organization.Q. Which of the following choices would be the most appropriate for Genius Consulting?a)As this project violates both their principles, Genius consulting should not take up the project.b)Due to the violation of the first principle Genius consulting should not take up this project.c)They should take up the project. Further, since Rahman had agreed to equal sharing, he is not entitled to finders fee.d)They should take up the project and as the referral helped them survive, Rahman should be paid finders fee.e)They should take up the project. But, in or order not to violate the principles, Rahman can be paid finders fee this year and an equal amount be deducted from his compensation the next year.Correct answer is option 'C'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about Analyse the following caselet and answer the question that follows:Genius Consulting is a boutique consulting firm started by Shirish, Balram, Rahman and Xavier, four friends from a premier business school. They committed themselves to abide by two principles: a) not to indulge in anything unethical and b) share earnings equally. Genius Consulting could not get a significant project till the following year, when they managed a big one after Rahmans father referred their firm to his top management. Convinced of the teams talent following an impressive presentation, the top management awarded them the project even though six other referred teams made presentations.The day following the presentation, they met to decide the way forward for the organization.Q. Which of the following choices would be the most appropriate for Genius Consulting?a)As this project violates both their principles, Genius consulting should not take up the project.b)Due to the violation of the first principle Genius consulting should not take up this project.c)They should take up the project. Further, since Rahman had agreed to equal sharing, he is not entitled to finders fee.d)They should take up the project and as the referral helped them survive, Rahman should be paid finders fee.e)They should take up the project. But, in or order not to violate the principles, Rahman can be paid finders fee this year and an equal amount be deducted from his compensation the next year.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Analyse the following caselet and answer the question that follows:Genius Consulting is a boutique consulting firm started by Shirish, Balram, Rahman and Xavier, four friends from a premier business school. They committed themselves to abide by two principles: a) not to indulge in anything unethical and b) share earnings equally. Genius Consulting could not get a significant project till the following year, when they managed a big one after Rahmans father referred their firm to his top management. Convinced of the teams talent following an impressive presentation, the top management awarded them the project even though six other referred teams made presentations.The day following the presentation, they met to decide the way forward for the organization.Q. Which of the following choices would be the most appropriate for Genius Consulting?a)As this project violates both their principles, Genius consulting should not take up the project.b)Due to the violation of the first principle Genius consulting should not take up this project.c)They should take up the project. Further, since Rahman had agreed to equal sharing, he is not entitled to finders fee.d)They should take up the project and as the referral helped them survive, Rahman should be paid finders fee.e)They should take up the project. But, in or order not to violate the principles, Rahman can be paid finders fee this year and an equal amount be deducted from his compensation the next year.Correct answer is option 'C'. Can you explain this answer?.
Analyse the following caselet and answer the question that follows:Genius Consulting is a boutique consulting firm started by Shirish, Balram, Rahman and Xavier, four friends from a premier business school. They committed themselves to abide by two principles: a) not to indulge in anything unethical and b) share earnings equally. Genius Consulting could not get a significant project till the following year, when they managed a big one after Rahmans father referred their firm to his top management. Convinced of the teams talent following an impressive presentation, the top management awarded them the project even though six other referred teams made presentations.The day following the presentation, they met to decide the way forward for the organization.Q. Which of the following choices would be the most appropriate for Genius Consulting?a)As this project violates both their principles, Genius consulting should not take up the project.b)Due to the violation of the first principle Genius consulting should not take up this project.c)They should take up the project. Further, since Rahman had agreed to equal sharing, he is not entitled to finders fee.d)They should take up the project and as the referral helped them survive, Rahman should be paid finders fee.e)They should take up the project. But, in or order not to violate the principles, Rahman can be paid finders fee this year and an equal amount be deducted from his compensation the next year.Correct answer is option 'C'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about Analyse the following caselet and answer the question that follows:Genius Consulting is a boutique consulting firm started by Shirish, Balram, Rahman and Xavier, four friends from a premier business school. They committed themselves to abide by two principles: a) not to indulge in anything unethical and b) share earnings equally. Genius Consulting could not get a significant project till the following year, when they managed a big one after Rahmans father referred their firm to his top management. Convinced of the teams talent following an impressive presentation, the top management awarded them the project even though six other referred teams made presentations.The day following the presentation, they met to decide the way forward for the organization.Q. Which of the following choices would be the most appropriate for Genius Consulting?a)As this project violates both their principles, Genius consulting should not take up the project.b)Due to the violation of the first principle Genius consulting should not take up this project.c)They should take up the project. Further, since Rahman had agreed to equal sharing, he is not entitled to finders fee.d)They should take up the project and as the referral helped them survive, Rahman should be paid finders fee.e)They should take up the project. But, in or order not to violate the principles, Rahman can be paid finders fee this year and an equal amount be deducted from his compensation the next year.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Analyse the following caselet and answer the question that follows:Genius Consulting is a boutique consulting firm started by Shirish, Balram, Rahman and Xavier, four friends from a premier business school. They committed themselves to abide by two principles: a) not to indulge in anything unethical and b) share earnings equally. Genius Consulting could not get a significant project till the following year, when they managed a big one after Rahmans father referred their firm to his top management. Convinced of the teams talent following an impressive presentation, the top management awarded them the project even though six other referred teams made presentations.The day following the presentation, they met to decide the way forward for the organization.Q. Which of the following choices would be the most appropriate for Genius Consulting?a)As this project violates both their principles, Genius consulting should not take up the project.b)Due to the violation of the first principle Genius consulting should not take up this project.c)They should take up the project. Further, since Rahman had agreed to equal sharing, he is not entitled to finders fee.d)They should take up the project and as the referral helped them survive, Rahman should be paid finders fee.e)They should take up the project. But, in or order not to violate the principles, Rahman can be paid finders fee this year and an equal amount be deducted from his compensation the next year.Correct answer is option 'C'. Can you explain this answer?.
Solutions for Analyse the following caselet and answer the question that follows:Genius Consulting is a boutique consulting firm started by Shirish, Balram, Rahman and Xavier, four friends from a premier business school. They committed themselves to abide by two principles: a) not to indulge in anything unethical and b) share earnings equally. Genius Consulting could not get a significant project till the following year, when they managed a big one after Rahmans father referred their firm to his top management. Convinced of the teams talent following an impressive presentation, the top management awarded them the project even though six other referred teams made presentations.The day following the presentation, they met to decide the way forward for the organization.Q. Which of the following choices would be the most appropriate for Genius Consulting?a)As this project violates both their principles, Genius consulting should not take up the project.b)Due to the violation of the first principle Genius consulting should not take up this project.c)They should take up the project. Further, since Rahman had agreed to equal sharing, he is not entitled to finders fee.d)They should take up the project and as the referral helped them survive, Rahman should be paid finders fee.e)They should take up the project. But, in or order not to violate the principles, Rahman can be paid finders fee this year and an equal amount be deducted from his compensation the next year.Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CAT.
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Analyse the following caselet and answer the question that follows:Genius Consulting is a boutique consulting firm started by Shirish, Balram, Rahman and Xavier, four friends from a premier business school. They committed themselves to abide by two principles: a) not to indulge in anything unethical and b) share earnings equally. Genius Consulting could not get a significant project till the following year, when they managed a big one after Rahmans father referred their firm to his top management. Convinced of the teams talent following an impressive presentation, the top management awarded them the project even though six other referred teams made presentations.The day following the presentation, they met to decide the way forward for the organization.Q. Which of the following choices would be the most appropriate for Genius Consulting?a)As this project violates both their principles, Genius consulting should not take up the project.b)Due to the violation of the first principle Genius consulting should not take up this project.c)They should take up the project. Further, since Rahman had agreed to equal sharing, he is not entitled to finders fee.d)They should take up the project and as the referral helped them survive, Rahman should be paid finders fee.e)They should take up the project. But, in or order not to violate the principles, Rahman can be paid finders fee this year and an equal amount be deducted from his compensation the next year.Correct answer is option 'C'. Can you explain this answer?, a detailed solution for Analyse the following caselet and answer the question that follows:Genius Consulting is a boutique consulting firm started by Shirish, Balram, Rahman and Xavier, four friends from a premier business school. They committed themselves to abide by two principles: a) not to indulge in anything unethical and b) share earnings equally. Genius Consulting could not get a significant project till the following year, when they managed a big one after Rahmans father referred their firm to his top management. Convinced of the teams talent following an impressive presentation, the top management awarded them the project even though six other referred teams made presentations.The day following the presentation, they met to decide the way forward for the organization.Q. Which of the following choices would be the most appropriate for Genius Consulting?a)As this project violates both their principles, Genius consulting should not take up the project.b)Due to the violation of the first principle Genius consulting should not take up this project.c)They should take up the project. Further, since Rahman had agreed to equal sharing, he is not entitled to finders fee.d)They should take up the project and as the referral helped them survive, Rahman should be paid finders fee.e)They should take up the project. But, in or order not to violate the principles, Rahman can be paid finders fee this year and an equal amount be deducted from his compensation the next year.Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of Analyse the following caselet and answer the question that follows:Genius Consulting is a boutique consulting firm started by Shirish, Balram, Rahman and Xavier, four friends from a premier business school. They committed themselves to abide by two principles: a) not to indulge in anything unethical and b) share earnings equally. Genius Consulting could not get a significant project till the following year, when they managed a big one after Rahmans father referred their firm to his top management. Convinced of the teams talent following an impressive presentation, the top management awarded them the project even though six other referred teams made presentations.The day following the presentation, they met to decide the way forward for the organization.Q. Which of the following choices would be the most appropriate for Genius Consulting?a)As this project violates both their principles, Genius consulting should not take up the project.b)Due to the violation of the first principle Genius consulting should not take up this project.c)They should take up the project. Further, since Rahman had agreed to equal sharing, he is not entitled to finders fee.d)They should take up the project and as the referral helped them survive, Rahman should be paid finders fee.e)They should take up the project. But, in or order not to violate the principles, Rahman can be paid finders fee this year and an equal amount be deducted from his compensation the next year.Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Analyse the following caselet and answer the question that follows:Genius Consulting is a boutique consulting firm started by Shirish, Balram, Rahman and Xavier, four friends from a premier business school. They committed themselves to abide by two principles: a) not to indulge in anything unethical and b) share earnings equally. Genius Consulting could not get a significant project till the following year, when they managed a big one after Rahmans father referred their firm to his top management. Convinced of the teams talent following an impressive presentation, the top management awarded them the project even though six other referred teams made presentations.The day following the presentation, they met to decide the way forward for the organization.Q. Which of the following choices would be the most appropriate for Genius Consulting?a)As this project violates both their principles, Genius consulting should not take up the project.b)Due to the violation of the first principle Genius consulting should not take up this project.c)They should take up the project. Further, since Rahman had agreed to equal sharing, he is not entitled to finders fee.d)They should take up the project and as the referral helped them survive, Rahman should be paid finders fee.e)They should take up the project. But, in or order not to violate the principles, Rahman can be paid finders fee this year and an equal amount be deducted from his compensation the next year.Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice CAT tests.
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