B:-Labour
C:-Spare Parts
D:-Overheads
Correct Answer:- Option-C
Question68:-Which of the following is true with regards to ‘Integral Accounting' ?
A:-It records material cost and overhead cost in the same book
B:-It records cost and financial transaction in one book
C:-It records material, labour and overhead cost in a single book
D:-None of the above
Correct Answer:- Option-B

Question69:-Calculate Reorder Level from the following.
Maximum and Minimum Consumption : 1500 and 500 Units; Reorder Period : 10 to 20 Days

A:-30,000 Units
B:-20,000 Units
C:-22,500 Units
D:-15,000 Units
Correct Answer:- Option-A
Question70:-Which of the following describe the qualifications and qualities required to perform a job ?
A:-Job Specifications
B:-Job Analysis
C:-Job Description
D:-Job Details
Correct Answer:- Option-A
Question71:-Which one of the following gives the best explanation of ‘Type I' error ?
A:-Error happened due to sample design
B:-Acceptance of null hypothesis when it is false
C:-Rejection of null hypothesis when it is true
D:-Error happened due to inadequate statistical design
Correct Answer:- Option-C
Question72:-In a factory, ‘Control Charts' are prepared to control what ?
A:-Abnormal Variations
B:-Product Cost
C:-Product Quality
D:-Abnormal Loss
Correct Answer:- Option-C
Question73:-The minimum and minimum value of probability of the occurrence of an event is
A:-O and 1
8:--`00' 210 + 00.
and +1
0:-0 270 ` 00
Correct Answer:- Option-A
Question74:-Regression equation 'y' on 'x' is denoted by

Avx =a + by
B:-y =ab+x
C:-y = a + bx
D:-x = ab+y

Correct Answer:- Option-C
Question75:-Of the following management theorist, who is associated with 'Bethleham Experiments' ?
A:-Rensis Likert
B:-F.W. Taylor
C:-Mary Parker Follett
D:-H.Fayol
Correct Answer:- Option-B
Question76:-Liner Programming deal with which of the following ?
A:-Optimal allocation of resources
B:-Minimise cost
C:-Maximise profit
D:-Alll of these
Correct Answer:- Option-D