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Which of the following statements regarding material losses is/are true ?
i. Spoilages are units failed to reach required standard of quality and not rectified
by applying some additional cost.
1. Material scraps have small recovery value even without further processing.
iii. Defectives are imperfect products and can be rectified with additional cost.
A) Only statement ii is true B) Only statements i and ii are true
C) Only statements ii and iii are true D) All statements are true

If total sales amounts to Rs. 2,00,000 and Profit-Volume ratio is 30%, then the total
variable cost will be
A) Rs. 80,000 B) Rs. 1,40,000 C) Rs. 60,000 D) None of these

Which of the following statements are correct ?
i. Cost reduction focuses on reducing per unit cost of goods and services.
ii. Cost reduction tries to achieve temporary reduction in cost.
iii. Cost reduction is to be achieved without sacrificing quality.
A) All statements are correct B) All statements are incorrect
©) Only statements i and ii are correct D) Only statements i and iii are correct

Which of the following is/are not included in the functions of management suggested
by Henry Fayol ?

i. Staffing

ர்‌. Directing

iii. Co-ordinating

iv. Controlling

A) Only iii B) Both i and ii C) Both iii and iv D) All of these

Who among the following belongs to contributories to classical theories of
management ?
i. F.W. Taylor
ii. Henry Fayol
iii. Gilbreth
A) Onlyi B) Both i and ii C) Both i and iii D) All of them

The process of short circuiting ‘the chain of superiors from ultimate authority to the
lowest level in the organisation’ is referred to as

A) Scalar chain B) Unity of command
C) Unity of direction D) Gang plank

Description of minimum knowledge, skill and abilities that are required to perform a
job in an organisation satisfactorily are termed as

A) Job enrichment 8B) Jobdescription 0) Job specification D) Job evaluation