Which of the following statements are correct?<br>1. Manpower planning helps the organisation to realise the importance of manpower management which ultimately helps in the stability of a concern.<br>2. Manpower planning helps in reducing the overall cost of production by making optimum use of physical resources in an organisation.

Arrange the steps in manpower planning in the order in which they occur
1. identifying sources of manpower supply
2. manpower forecasting
3. determining manpower requirements
4. manpower invently
5. selection
6. recruitment
7. placement

A

3, 2, 4, 1, 6, 5, 7

B

1, 3, 2, 4, 5, 6, 7

C

4, 1, 2, 3, 6, 5, 7

D

3, 4, 1, 2, 6, 5, 7

"It is now expected that the variable production cost per unit and the selling price per unit will each increase by 10%, and fixed production cost will rise by 25%. What will be the new break even point?
Selling price - Rs 6 per unit
Variable production cost - Rs 1.20 per unit
Variable selling cost - Rs 0.40 per unit
Fixed production cost - Rs 4 per unit
Fixed selling cost - Rs 0.80 per unit
Budgeted production and sales for the year are 10,000 units."

A

8,788 units

B

11,600 units

C

11,885 units

D

12,397 units

Select the correct answer of the statements being correct or incorrect.
Statement I Planning helps in optimum utilisation of resources.
Statement II Planning limits the use of resources beforehand.

A

Both statements are correct and Statement II gives correct explanation of Statement I

B

Statement II is correct, but Statement I is incorrect

C

Both statements are correct, but Statement II does not support Statement I

D

Both statements are incorrect

Which of the following components are true about tax planning?
1. Tax planning is the process of analyzing a financial plan or a situation from a tax perspective.
2. The objective of tax planning is to make sure there is tax efficiency. With the help of tax planning, one can ensure that all elements of a financial plan can function together with maximum tax-efficiency.
3. Reducing tax liability and increasing the ability to make contributions towards retirement plans are critical for success.
4. Tax planning comprises various considerations such as size, the timing of income, timing of purchases, and planning are concerned with other kinds of expenditures.
5. The chosen investments and the various retirement plans should go hand-in-hand with the tax filing status as well as the deductions in order to create the best possible outcome.

A

1, 2 and 3

B

2, 3 and 4

C

3, 4 and 5

D

All of the above

The question below consists of a set of labelled sentences. These sentences, when properly sequenced form a coherent paragraph. Select the mostlogical order of sentences from among the options. P: A certain moral code of conduct is ultimately necessary to ensure that the society does not fall prey to degeneration of values, which would lead to rampant
sufferings and ultimately chaos.
Q: Societys concerns are our concerns: anything capable of causing a detrimental impact on it in the short term or in course of time is ultimately bound to affect us
and our children.
R: When we talk about social morality of any kind, what comes into play is our ability to feel for the well-being of our society.
S: It is a concern to help the society by safeguarding it from unwanted ills and malaise and ensuring its well-being that is at the root of social morality.

A

PSQR

B

RPSQ

C

QPSR

D

PQRS

If the labour cost 20% of the cost of production and raw material cost 10% of the cost of production and the price on which article is sold is 20% above the cost of production. If the price of labour is increased by 40% and the price of raw material increased by 20% and rest other expenditure of cost remain constant. The industrythus decide to increase the selling price by 10%. Find the new profit percent ?

A

18%

B

20%

C

22%

D

24%

Match List-I with List-II and select the correct answer:

List-I List-II

a. Real cost 1. Aggregate of accounting costs and implicit costs

b. Money cost 2. Physical quantities of factors used in production

c. Opportunity Cost 3. Monetary expenditure on inputs

d. Economic cost 4. Sacrifice of alternative use of given resources

A

a-4, b-1, c-3, d-2

B

a-2, b-3, c-4, d-1

C

a-2, b-4, c-3, d-1

D

a-3, b-1, c-4, d-2

Which of the following statements are true/false?
1. Corporate analysis focuses on the objectives and strategies of the organisation during HRP process.
2. Supply forecasting means the quantum of manpower required in the organisation.
3. Demand forecasting implies creating and studying manpower inventory.

A

1 and 2 are true, 3 is false

B

1 is true, 2 and 3 are false

C

2 is true, 1 and 3 are false

D

2 and 3 are true, 1 is false

Indicate the correct answer from the following types of the long run average cost curves on which the minimum average cost of production in long run can be determined.
1. Long run average cost curve under normal production function
2. Long run average cost curve under linearly homogeneous production function
3. Planning curve
4. Envelope curve

A

1, 2 and 3

B

2, 3 and 4

C

1, 3 and 4

D

Both 2 and 4

What is the correct sequence of following stages in manpower acquisition process?
1. HR need forecast
2. Assessing existing manpower
3. Net manpower needed
4. Organisational objectives and policies
5. Recruitment process

A

2, 1, 4, 3, 5

B

4, 1, 2, 3, 5

C

4, 1, 3, 2, 5

D

1, 2, 5, 4, 3

List-I	List-II
a. Real cost	1. Aggregate of accounting costs and implicit costs
b. Money cost	2. Physical quantities of factors used in production
c. Opportunity Cost	3. Monetary expenditure on inputs
d. Economic cost	4. Sacrifice of alternative use of given resources