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Strategies for Professional Growth · Quiz 2 · Jan 2025

Strategies for Professional Growth · Quiz 2 · Jan 2025

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Question 201 MCQ · 0.0 marks

Source diagram or notation
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I have read the instructions.
6406533952934.
I have read and understood the instructions

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Question 202 SUBJECTIVE · 6.0 marks

Review the case provided and consider the five possible solutions listed. Select the solution(s) you believe is/are the most effective approach for the given scenario. In your response, clearly explain why you think this solution is best suited, using relevant theories, frameworks, or best practices in the workplace dynamics. You must include concepts related to effective teamwork/ communication/ leadership/ emotional intelligence/ conflict management to support your reasoning. [Case] When he graduated with his honours undergraduate degree in business, Dhruv was hired as a marketing associate for a large consumer products firm. Within 16 months, he was transferred to another group and promoted to the position of supervisor. About a third of Dhruv’s direct reports were 10 or more years older than he was, and they seemed less than pleased when he was introduced as their new supervisor. While he was able to build respectful and supportive relationships with many of the younger employees, the older group remained aloof. Four months into his new job, Dhruv was informed that his group would be upgraded to a new project management and database system and was asked to send all his employees to training. Dhruv took the training himself first, and then asked his employees to sign up for the time slots that would be the most convenient for them. Members of the older group of employees were the last to sign up, saying they were in the middle of a busy season for their clients, and couldn’t take the time. Then, the trainer complained to Dhruv that his employees had not paid much attention during the training, instead responding to emails on their smartphones or stepping out to take client calls. After the training, the older group of workers complained that the new system was ineffective and inferior to the old one. One person, Narendran, spoke the loudest and made the most complaints, explaining that he was speaking for the entire group of “seasoned veterans who really know what makes this business run.” What should Dhruv do? A. Speak to Narendran privately about his obstructiveness, and warn him that if he doesn’t cooperate by learning and using the new system, he will receive a written warning. B. Do nothing about Narendran’s complaints; over time, he and the other veterans will have to learn the system if they want to get good appraisals, raises and bonuses. C. Call a meeting of the entire group and ask for feedback on the new system. Identify those individuals who are most technologically savvy and develop a plan together for getting everyone up to speed on all of the features and functions of the new system. D. Speak to Narendran in front of the group of seasoned veterans. Explain that he appreciates Narendran’s views and would like the entire group to get together regularly to exchange information and knowledge across all of the employees in the work group. E. Get advice from his own supervisor regarding how to proceed with managing the different personalities and perspectives among his employees and how to best implement the changeover. Answer in (200 words, 6 marks) Guidelines: Choose the option(s) and justify your response with frameworks, theories, reasons or suitable examples.

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Question 203 SUBJECTIVE · 5.0 marks

What is the central message of the article "How to Play to Your Strengths"? How might this concept apply to your professional role, or why might it not be relevant? Support your answer with suitable examples. (Answer in 150 words, 5 marks) Guidelines: For experienced professionals: Provide examples from your career to illustrate how leveraging your strengths has (or has not) contributed to your effectiveness in your role. For early-career professionals or students: Explain how this approach could (or could not) enhance your ability to perform in a professional setting.

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Question 204 MCQ · 1.0 marks

[Teams] Ashwin has recently been assigned to a new project team at his workplace. His manager believes in fostering collaboration by forming diverse teams, so instead of working with his usual colleagues, Ashwin is now part of a four-member team with individuals who have completely different work styles, personalities, and backgrounds. While Ashwin is structured and detail- oriented, one team member prefers a flexible approach, another thrives on spontaneity, and the third is highly analytical but reserved. The team has been given a challenging task with a tight deadline, and their first meeting is scheduled for tomorrow. [Teams] According to Tuckman’s model of team development, which stage is Ashwin’s team currently in?
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Storming
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Forming
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Norming
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Performing

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Question 205 MCQ · 1.0 marks

[10Cs of Teamwork] In a company, the development team was working on a new chatbot feature. The project had multiple components—data processing, machine learning model development, and user interface design. The following are the different approaches 1. Yaseen, the project manager, assigned specific tasks to each team member with clear deadlines. The team converged on key ideas during initial planning meetings, divided responsibilities, and focused on executing their parts independently. Updates were shared in structured weekly meetings to ensure smooth execution. 2. Sanyam, another manager, worked with the user experience designer and software engineers in an ongoing iterative process. The team frequently brainstormed ideas, refined their models together, and solved challenges in real time to enhance chatbot personalization. [10Cs of Teamwork] What best describes the difference between the two approaches?
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The first approach is collaboration, while the second is coordination.
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The first approach is coordination, while the second is collaboration.
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Both approaches demonstrate pure collaboration.
6406533952944.
Both approaches represent only coordination.

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Question 206 MCQ · 1.0 marks

[10Cs of Teamwork] At A2B Ltd., the leadership team recognized the need to stay competitive in a fast-evolving industry. Two different initiatives were introduced: 1. The company planned to implement a new AI-driven CRM system. To ensure a smooth transition, managers focused on preparing, equipping, and supporting employees through training sessions, feedback loops, and hands-on workshops. The goal was to help employees adopt and integrate the new system into their daily workflow successfully. 2. Meanwhile, Suriya, a senior operations manager, led an initiative where employees regularly reviewed and refined their work processes. The team conducted monthly retrospective meetings to identify inefficiencies and implement small, incremental changes to enhance productivity over time. [10Cs of Teamwork] What best describes the difference between the two approaches?
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The first approach is continuous improvement, while the second is change management.
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The first approach is change management, while the second is continuous improvement.
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Both approaches represent only continuous improvement.
6406533952948.
Both approaches demonstrate pure change management.

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Question 207 MCQ · 1.0 marks

[Communication] During a project review meeting at an R&D centre, team members used different forms of communication. Jacob called a data scientist and discussed model optimization techniques, while Sneha emailed the team a summary of recent algorithm performance metrics. Meanwhile, Shriman quickly texted his manager to confirm the deadline for an upcoming model deployment. As the discussion unfolded, Rashmi silently nodded in agreement when a colleague proposed a new approach for improving the model’s accuracy. [Communication] Which of the following is an example of non-verbal communication?
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Jacob calls a data scientist to discuss model optimization.
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Sneha sends an email summarizing algorithm performance.
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Shriman texts his manager to confirm a project deadline.
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Rashmi nods to indicate her agreement.

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Question 208 MCQ · 1.0 marks

Listening to the Future is a skill that helps leaders inspire growth and create a positive work environment. 1. Paying attention to employees’ aspirations and goals. 2. Listening to their inner chatter to gain clarity. 3. Helping employees move forward by understanding their challenges. 4. Encouraging team members to envision and work toward their dreams. How many of the above options best describe the concept of Listening to the Future as described in the course module?
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Only one
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Only two
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Only three
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Only four

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Question 209 MCQ · 1.0 marks

Which of the following are considered elements of non-verbal communication? 1. Facial expressions 2. Tone and pitch of voice 3. Personal space 4. Style of dress 5. Eye gaze Select the correct answer from the options below:
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1, 2, 3 and 4 only
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1, 2, 3 and 5 only
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1, 2, 4 and 5 only
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1, 2, 3, 4 and 5

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Question 210 MCQ · 1.0 marks

[Communication Barrier] Riya, a team leader, is reviewing performance reports of her team members. She believes that employees who frequently speak up in meetings are more proactive and high-performing. While evaluating Pradeepan’s performance, she focuses only on instances where he actively contributed in meetings, overlooking his detailed project reports and behind- the-scenes contributions. As a result, she rates him higher than another employee, Shriprasad, who is less vocal but has consistently delivered high-quality work. [Communication Barrier] Which communication barrier is influencing Riya’s evaluation of her team members? 1. Selective perception 2. Confirmation bias 3. Information overload Select the correct answer from the options below:
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1 only
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1 and 2 only
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1 and 3 only
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1, 2, and 3

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Question 211 MCQ · 1.0 marks

If all other factors remain constant, how does inflation affect investment returns? Select the most appropriate answer from the following
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Inflation has no effect on investment returns.
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Inflation increases the real value of investment returns.
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Inflation erodes the purchasing power of investment returns.
6406533952968.
Inflation ensures higher profits from investments.

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Question 212 MCQ · 1.0 marks

The residual value left after settling all liabilities and liquidating all assets, which rightfully belongs to shareholders (whether private owners or public investors), is known as:
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Net Income
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Revenue
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Owner's Equity
6406533952972.
Gross Profit

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Question 213 MCQ · 1.0 marks

Consider the following statements about an emergency fund: 1. It serves as a financial safety net designed specifically for unforeseen expenses or financial emergencies. 2. It is a form of savings that can be used to cover both small and sometimes part of large unexpected expenses that are not part of regular monthly spending. 3. It cannot be used for unexpected medical bills, hospitalization expenses, and financial stability during job loss but does cover home repairs. Select the correct answer from the options below:
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1 only
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1 and 2 only
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1 and 3 only
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1, 2, and 3

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Question 214 MCQ · 1.0 marks

Consider the following statements about asset allocation in investment terms: 1. It is an investment strategy that aims to balance risk and reward by allocating a portfolio's assets according to an investor's goals. 2. The timing of buying and selling assets is the only factor influencing asset allocation. Select the correct answer from the options below:
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1 only
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2 only
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Both 1 and 2
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Neither 1 nor 2

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Question 215 MCQ · 1.0 marks

[Investment Strategy] Jayandra and Karan both were software engineers and earned a decent salary. Jayandra started investing in the Sensex index at the age of 25. Each month, he invested ₹5000, accumulating a total investment of ₹26,80,000. By the time he stopped investing, his portfolio had grown to an impressive ₹20,75,17,690. On the other hand, Karan began investing at the age of 35 and continued till 01-02-2024 in the same Sensex index. Despite making the same monthly investment as Jayandra, his total investment amounted to ₹20,80,000. However, the return he received was significantly lower at ₹3,16,41,127. [Investment Strategy] What was the primary reason for Jayandra accumulating significantly higher wealth than Karan?
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Jayandra invested in different stocks
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Jayandra invested a larger amount each month
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Jayandra started investing earlier and benefited from power of compounding
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Jayandra timed the market better

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Question 216 MCQ · 1.0 marks

What do debt mutual funds primarily invest in? 1. Equity shares of companies 2. Real estate properties 3. Fixed-income securities like bonds and treasury bills 4. Cryptocurrencies Select the correct answer from the options below:
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1 and 3 only
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1 and 2 only
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3 only
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1, 2, 3 and 4

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Question 217 MCQ · 1.0 marks

[Cultural Dimensions] Parag, a senior project manager, recently moved to the UK for a global assignment. In India, he was used to a workplace where decisions were largely driven by senior leaders, and team members typically followed instructions without much debate. However, in the UK, he noticed that junior employees openly questioned their managers' decisions and participated equally in discussions. Parag initially found this surprising, as he was accustomed to a more hierarchical work culture in India. Curious about these differences, he explored Hofstede’s cultural dimensions and found that workplace structures and authority dynamics vary significantly across cultures. [Cultural Dimensions] Which cultural dimension best explains Parag’s observation about differences in workplace hierarchy between India and the UK?
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Power distance
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Individualism
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Uncertainty avoidance
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Motivation towards success

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Question 218 MCQ · 1.0 marks

For questions 19 and 20, select the most appropriate option. Each statement has only one correct answer. [Organizational Culture] In a multinational software company, two management teams exhibit contrasting approaches to collaboration: Scenario 1: The Indian management team prefers to stick to their established work practices and tends to disregard alternative suggestions from their international counterparts. Scenario 2: The German team believes their way of working is the most effective and often dismisses input from other teams, considering their own methods superior. Based on the above data, answer the given subquestions.
[Organizational Culture] What term best describes the behavior of the Indian management team?
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Parochialism
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Ethnocentrism
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Globalism
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Integration

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Question 219 MCQ · 1.0 marks

For questions 19 and 20, select the most appropriate option. Each statement has only one correct answer. [Organizational Culture] In a multinational software company, two management teams exhibit contrasting approaches to collaboration: Scenario 1: The Indian management team prefers to stick to their established work practices and tends to disregard alternative suggestions from their international counterparts. Scenario 2: The German team believes their way of working is the most effective and often dismisses input from other teams, considering their own methods superior. Based on the above data, answer the given subquestions.
[Organizational Culture] What term best characterizes the attitude of the German team?
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Parochialism
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Ethnocentrism
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Globalism
6406533953000.
Egocentrism

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Question 220 MCQ · 1.0 marks

For questions 21 and 23, select the most appropriate option. Each statement has only one correct answer. [Conflict Management Styles] Conflict is an inevitable part of workplaces, and when managed well, it can drive professional and organizational growth. The Thomas–Kilmann Conflict Mode Instrument (TKI) helps identify suitable conflict resolution strategies, enhancing managerial effectiveness and team dynamics. For each scenario given below, select the most appropriate TKI conflict management style from the following options: a. Avoiding b. Accommodating c. Forcing d. Negotiating e. Collaborating Based on the above data, answer the given subquestions.
[Conflict Management Styles] Sharath, a junior consultant, finds himself in a minor disagreement during a team discussion. The issue is relatively insignificant and does not affect the overall project outcome. Moreover, resolving it is not critical to his immediate objectives. However, the disagreement is with a senior colleague whose mentorship and support could be valuable for Sharath’s long-term career growth. Engaging in the conflict might create unnecessary friction.
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Avoiding
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Accommodating
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Forcing
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Negotiating
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Collaborating

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Question 221 MCQ · 1.0 marks

For questions 21 and 23, select the most appropriate option. Each statement has only one correct answer. [Conflict Management Styles] Conflict is an inevitable part of workplaces, and when managed well, it can drive professional and organizational growth. The Thomas–Kilmann Conflict Mode Instrument (TKI) helps identify suitable conflict resolution strategies, enhancing managerial effectiveness and team dynamics. For each scenario given below, select the most appropriate TKI conflict management style from the following options: a. Avoiding b. Accommodating c. Forcing d. Negotiating e. Collaborating Based on the above data, answer the given subquestions.
[Conflict Management Styles] Jagan, the director of supply chain operations, faces a critical decision regarding vendor selection. A conflict has arisen over which supplier to choose, but due to time constraints and potential financial losses, a swift decision is necessary. Although some team members may disagree, Jagan prioritizes a firm resolution over consensus, as delaying could negatively impact business operations.
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Avoiding
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Accommodating
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Forcing
6406533953009.
Negotiating
6406533953010.
Collaborating

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Question 222 MCQ · 1.0 marks

For questions 21 and 23, select the most appropriate option. Each statement has only one correct answer. [Conflict Management Styles] Conflict is an inevitable part of workplaces, and when managed well, it can drive professional and organizational growth. The Thomas–Kilmann Conflict Mode Instrument (TKI) helps identify suitable conflict resolution strategies, enhancing managerial effectiveness and team dynamics. For each scenario given below, select the most appropriate TKI conflict management style from the following options: a. Avoiding b. Accommodating c. Forcing d. Negotiating e. Collaborating Based on the above data, answer the given subquestions.
[Conflict Management Styles] Khushi, a product development lead, is handling a conflict between two senior designers regarding the best approach to a new feature rollout. The decision is critical, but both designers are committed to the project’s success and are open to finding a mutually beneficial solution. With sufficient time available, Khushi decides to foster open discussions to ensure a well-thought-out resolution while maintaining strong team collaboration.
6406533953011.
Avoiding
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Accommodating
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Forcing
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Negotiating
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Collaborating       **Managerial Economics** **Section Id :** 64065382591 **Section Number :** 12 **Section type :** Online **Mandatory or Optional :** Mandatory **Number of Questions :** 15 **Number of Questions to be attempted :** 15 **Section Marks :** 25 **Display Number Panel :** Yes **Section Negative Marks :** 0 **Group All Questions :** No **Enable Mark as Answered Mark for Review and** No **Clear Response :** **Section Maximum Duration :** 0 **Section Minimum Duration :** 0 **Section Time In :** Minutes **Maximum Instruction Time :** 0

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