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Which of the following is not a factor that affects the break-even point of a product
or service ?

A) Number of units sold B) Selling price per unit

C) Fixed costs D) Variable costs per unit

. If material cost variance is Rs. 5,000 favourable and material price variance is

Rs. 3,000 adverse, then material usage variance should be

A) Rs. 2,000 Adverse B) Rs. 2,000 Favourable
C) Rs. 8,000 Adverse D) Rs. 8,000 Favourable
Who among the following is known for the Hawthorne Studies ?

A) Frederick Herzberg B) Elton Mayo

C) Chester Barnard D) Douglas McGregor

Which of the following management functions is concerned with allocating resources
and assigning tasks to achieve organizational objectives ?
A) Planning B) Organizing C) Staffing D) Controlling

Which motivation theory focuses on the relationship between an individual’s effort,
performance and outcomes ?

A) Vroom’s Expectancy Theory B) Herzberg’s Two-Factor Theory
C) Maslow’s Hierarchy of Needs D) McGregor’s Theory X and Y
Which of the following goods is likely to have a relatively elastic demand ?

A) Necessities B) Goods with no substitutes

C) Goods with many substitutes D) Luxury goods

Which of the following pricing strategies is best suited for a product with high perceived
value and low-price sensitivity ?

A) Penetration pricing B) Skimming pricing

C) Economy pricing D) Premium pricing

If the cross elasticity of demand between two goods is positive, they are considered
A) Complementary goods B) Substitute goods

C) Normal goods D) Inferior goods

Which of the following is a responsibility of a Company’s Board of Directors ?
) Hiring and firing employees

) Managing day-to-day operations of the company

) Approving the company’s annual budget and long-term strategic plans

D) Maintaining the company’s financial records and accounts

A
B
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