70. A group of firms that gets together to make price and output decisions is called :
(A) A Cartel (8) Price leadership
(೧) An oligopoly (D) A concentrated industry

71. The kinked demand curve model assumes thal :
(A) Firms match price increases, but not price cuts
(8) Demand 15 more elastic for price cuts than for price increases

(८) Changes in marginal cost can never lead to changes in market price
(D) None of the above is correct :

722. 48 analysis is categorisation of inventory on the basis of :
(A) Cost value (ए) Usage value (C) Esteemvalue (D) Criticality value

73. Which of the following is a purchase inventory model 7
(A) Q-system (ए) R-system (€) S-system (D) T-system

74. Inventory management 15 a specialised branch of :
(ಗಿ) Materials management (8) Physical management

C) Personnel management D) Management history
8 7

75. Developing vision and mission, identifying an organization’s external opportunities and

threats, and determining internal strengths and weakness are all activities.
(A) Strength - formulation (ए) Strategy - implementation
(C) Long - range planning (D) Short - range planning

76. The foundations ‏له‎ behavioural theory of organisation were laid down by
conducted by _

(வ) Structural experiments, Gullick

(8) Bethlehem Steel Corporation, Mooney

(ര) Hawthorne experiments, Elton Mayo

(D) The long well coal mining study, Max Weber

77. The contingency theory focuses on :
(வ) Situational variables (B) Interrelationships

(C) Groups and human behaviour (D) Economic¢ needs of workers

A 11 194/2015
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