Question : Find net value added at factor cost if:
i) Durable use producer goods with a life span of 10 years 10
ii) Single-use producer goods 5
iii) Sales 20
iv) Unsold output produced during a year 2
v) Taxes on production 1
Choose the correct alternative
Option 1: 14
Option 2: 15
Option 3: 18
Option 4: 20
Correct Answer: 15
Solution : The correct answer is (b) 15
To calculate the net value added at factor cost, we need to consider the following components:
1. Durable use producer goods with a life span of 10 years: This implies that the value of the durable goods is spread over 10 years. Since the value is given as 10, the annual value added would be 10/10 = 1.
2. Single-use producer goods: The value added from single-use producer goods is given as 5.
3. Sales: The value added from sales is given as 20.
4. Unsold output produced during a year: The value added from unsold output is given as 2.
5. Taxes on production: 1
Net value added at factor cost = Sales + Unsold output - Single-use producer goods - Durable use producer goods- Taxes on production
Net value added at factor cost = 20 + 2 - 5 - 1 - 1 = 15
Question : Which of the following is an example of a marketing objective?
Option 1: Increasing brand awareness by 20% within six months
Option 2: Reducing production costs by 10% annually
Option 3: Hiring five new sales representatives
Option 4: Expanding into five new markets
Question : ______________was the leading producer of manganese ore, accounting for 33% of total production during 2019–20 in India.
Option 1: Odisha
Option 2: Madhya Pradesh
Option 3: Maharashtra
Option 4: Karnataka
Question : Which aspect of management is highlighted in the below statement? In whale Ltd, the purchase department purchased 5 tonnes of raw materials for the production department. The production department needs just 2 tonnes. Due to this reason, goods were over produce and were not accepted by the sales department.
Option 1: Lack of planning
Option 2: Lack of organising
Option 3: Lack of manpower
Option 4: Lack of coordination.
Question : Identify the principle of management in the below case. The head of the sales department asked his subordinate to increase the production due to increased sale of cloth whereas the head of finance department asked not to increase the production of cloth due to risk factor.
Option 1: Unity of direction
Option 2: Unity of command
Option 3: Division of work
Option 4: Scaler chain
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