πŸ“Š Business Management
Q. Saving is defined as
  • (A) Accounting difference between current income and consumption
  • (B) Sum of savings made by the different factors
  • (C) Excess of expenditure over available income
  • (D) Amount set aside for meeting unforeseen expenditure
πŸ’¬ Discuss
βœ… Correct Answer: (A) Accounting difference between current income and consumption
πŸ“Š Business Management
Q. The conditions to be fullfilled before the Standing orders are certified are
  • (A) They Standing orders should provide for every matter set out in the schedule which is applicable to the Industrial establishment
  • (B) The Standing orders should be in conformity with the provisions of the Act
  • (C) The certifying officers or the Appellate authority shall before certifying the Standing orders adjusdicate upon the fairness or reasonableness of the provisions of any Standing orders
  • (D) (A), (B) and (C) above
πŸ’¬ Discuss
βœ… Correct Answer: (D) (A), (B) and (C) above
πŸ“Š Business Management
Q. Which of the following does not represent time utility?
  • (A) Old rice
  • (B) Cold storage
  • (C) Sand in cities
  • (D) All of the above
πŸ’¬ Discuss
βœ… Correct Answer: (C) Sand in cities
πŸ“Š Business Management
Q. A product layout is generally suggested for
  • (A) Jobbing work
  • (B) Batch production
  • (C) Continuous type of production
  • (D) Efficient machine utilization ratio
πŸ’¬ Discuss
βœ… Correct Answer: (C) Continuous type of production
πŸ“Š Business Management
Q. If two commodities are jointly demanded they are
  • (A) Inferior goods
  • (B) Compliments
  • (C) Necessities
  • (D) Substitutes
πŸ’¬ Discuss
βœ… Correct Answer: (B) Compliments
πŸ“Š Business Management
Q. The greatest barrier to communication lies in
  • (A) Technological limitations
  • (B) Human differences
  • (C) Distance
  • (D) Semantic problem
πŸ’¬ Discuss
βœ… Correct Answer: (B) Human differences
πŸ“Š Business Management
Q. Time versus output or wage versus incentive are part of problems involving
  • (A) pay level
  • (B) pay control
  • (C) payment method
  • (D) pay structure
πŸ’¬ Discuss
βœ… Correct Answer: (C) payment method
πŸ“Š Business Management
Q. The elasticity of demand explains the relationship between
  • (A) Income and demand
  • (B) Price and demand
  • (C) Price of substitutes and demand
  • (D) Utility and demand
πŸ’¬ Discuss
βœ… Correct Answer: (B) Price and demand
πŸ“Š Business Management
Q. For interpretation of Standing orders the workman can refer to
  • (A) Shop supervisor
  • (B) Management
  • (C) Trade union
  • (D) Labour court
πŸ’¬ Discuss
βœ… Correct Answer: (D) Labour court