During contract negotiations what two rights are weighed against each other
A.Employes rights
B.Management right
C.Government right
D.A and B
E.B and C
Category: Business Management Mcqs
Sellers reserve price means
A.The seller refuses to sell the product till the minimum price (covering the cost of production) is offered
B.Seller refuses to sell the product at any price
C.Seller demands the price for whole of his product
D.A price which includes economic profits
E.A price determined for a batch of production
If the price of tea rises and that of coffee falls
A.More tea will be bought
B.More coffee will be bought
C.More sugar will be bought
D.More tea and less coffee will be bought
E.Demand will depend upon the price difference
In break even analysis the total cost consists of
A.fixed cost
B.Variable cost
C.Fixed cost + Variable cost
D.Fixed cost + Variable cost + Profits
E.Fixed cost + Variable cost + Profits + Overheads
PERT is
A.Based on one time estimates
B.Synthesis in concepts
C.Used for repetitive works
D.Built of activities oriented programme
E.All of the above
Which of the following is an indirect tax?
A.Gift tax
B.Estate duty
C.Income tax
D.Import duty
Dispatching is
A.determining how much work is to be done by operator
B.instructing an operator to begin work
C.intrupting an operator for correction
D.none of the above
Windfall profits accrue due to
A.professional management
B.use of ultra modern machinery
C.reduced cost of inputs
D.unexpected circumstances
If more is demanded at the same price or same quantity at a higher price, this fact of demand is known as
A.Extension of demand
B.Increase of demand
C.Contraction of demand
D.Decrease of demand
E.Fluctuation of demand
The imposition of a tariff by country A on imports from country B
A.Always benefits A
B.Always benefits B
C.May benefit A, if B does not retaliate
D.Could benefit both countries provided B retaliates
E.Depends on the shape of reciprocal demands
