Question : Assertion: Policies provide guidelines for decision-making in specific situations.
Reason: Policies are general and do not cover specific situations.
Option 1:
Both assertion and reason are correct, and the reason is a correct explanation.
Option 2: Both assertion and reason are correct, and the reason is not correct explanation.
Option 3: Assertion is false, but the reason is correct.
Option 4: Assertion is correct, but the reason is false.
Correct Answer: Both assertion and reason are correct, and the reason is not correct explanation.
Solution : The correct answer is: (b) Both assertion and reason are correct, and the reason is not a correct explanation.
The assertion that policies provide guidelines for decision-making in specific situations is correct. Policies are indeed established to offer guidance and direction in making decisions, especially in predetermined or recurring situations.
Question : Assertion (A): Money as a medium of exchange, has overcome the problem of lack of double coincidence under the C-C economy.
Reason (R): Currency has a general acceptance which makes it convenient to use and has segregated buying and selling activities.
Option 1: Both Assertion (A) and Reason(R) are true and Reason (R) is the correct explanation of Assertion (A)
Option 2: Both Assertion (A) and Reason(R) are true, but Reason (R) is not the correct explanation of Assertion (A)
Option 3: Assertion (A) is true, but Reason (R) is false.
Option 4: Assertion (A) Is false, but Reason (R) is true.
Question : Assertion (A): Literacy is a part of education, which is a more general idea. Reason (R): If a person can read and write in any language, they are said to be literate. A person is considered educated if he or she can work and make a living.
Option 1: Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
Option 2: Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).
Option 3: Assertion (A) is true but Reason (R) is False
Option 4: Assertion (A) is False but Reason (R) is true.
Question : Which of the following statement is correct? Statement 1: If the number of buyers is large then it is better to take the services of middleman for the distribution of the goods. Statement 2: Buyers can be of two types general buyers and industrial buyers.
Option 1: Both are true
Option 2: Both are false
Option 3: Statement 1 is true and statement 2 is false.
Option 4: Statement 1 is false and statement 2 is true.
Question : The principles are guidelines to actions but do not provide readymade solutions to all managerial problems. The given statement tells about which nature of principles of management?
Option 1: Flexible
Option 2: General guidelines
Option 3: Cause and effect relationships
Option 4: Universal applicability
Question : Which of the following statement is correct? Statement 1: Under offer for sale the company issues a prospectus and invite the general public to purchase shares or debentures. Statement 2: Under private placement the company sells security to the institutional investors or brokers instead of selling them to general public.
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