Efficiency Wage Theory 40 2.7. If the trade union is stronger, then the wages will be high, and if the employer is powerful, the wages … Business Studies MCQs for Class 12 Chapter Wise with Answers PDF Download was Prepared Based on Latest Exam Pattern. Given below are essential MCQs on the Cost concept to analyze your understanding of the topic. You are allowed two attempts Promote the equal distribution of real assets and wealth. Mcq … 1) HRM is__________ A) staff functions B) line function C) staff function, line function and accounting function D) All of the above 2) The scope of HRM ... Read more HRM MCQ with Answers … D) decision making under certainty. 1. According to the Classical theory of international trade ? MULTIPLE CHOICE QUESTIONS ON BASIC ACCOUNTING Q1] Which accounting concept satisfy the valuation criteria A] Going concern, Realisation, Cost b) Going concern, Cost, Dual aspect ... Q21] If wages are paid for construction of business premises _____ A/c is credited and _____ A/c is debited. Ans: a 2. Sticky wages and nominal wage rigidity was an important concept in J.M. Commerce provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. In this theory, the supply of labor has given much importance, while the demand factor has been ignored. Internal b. Corporate Profits with Inventory Valuation Adjustment in Manufacturing, Durable Goods and … This led to real wage unemployment. The term Living Wage has not been defined under the Minimum wages Act, 1948. ANSWER: d. Deduction for payment of uniform and property, ANSWER: c. Should not exceed an amount equal to 3% of the wages payable. From society's point of view the economic function of profits and losses is to: a. Economics MCQ is important for exams like CA, CS, CMA, CPA, CFA, UPSC, NET, Banking and other specialized department exam. Profit Curve 54 3.3. a. Page-4 section-1 Multiple choice questions Try the multiple choice questions below to test your knowledge of this chapter. C) algorithm. This quiz tests your knowledge on various aspects of monetary policy - feedback is provided on your score for each question. According to the Classical theory of international trade ? d. Payments made to the entrepreneur for organizing production 16. Profit Curve (Strike Case) 72 4.1. 1934 b. Develop an all-encompassing synthesis of major sociological perspectives. When poverty is taken in relative term and is related to the distribution of income consumption expenditure its called: (a) Law line poverty (b) … (a) True, if MPC is greater than 0.8. Human Resource and Personnel Management - MCQs with answers, Recruitment & Selection - MCQs with answers - Part 1, Recruitment & Selection - MCQs with answers - Part 3, Training & Development - MCQs with answers, Performance Appraisal - MCQs with answers - Part 1. The Industrial Employment (Standing Orders) Act, 1946 - MCQs... Trade union Movement in India - MCQs with answers - Part 2, Industrial Disputes Act, 1947 - MCQs with answers - Part IV, The Trade Unions Act, 1926 - MCQs with answers, Maternity Act, 1961 - MCQs with answers - Part II, Factories Act, 1948 - MCCQs with answers - Part II, Payment of Bonus Act, 1965 - MCQs with answers - Part 2, Trade Union Movement in India - MCQs with answers - Part 1, Payment of Bonus Act, 1965 - MCQs with answers - Part 1, Marketing Management - Understanding and Capturing Market Insights - MCQs. 2. Person actually experiencing award, ANSWER: a. months at the rate of 15 days wages based on last drawn wages by the employee. This theory has been criticized on the following grounds: The difference in wages. It holds that earnings in the labour market depend upon the employees’ information and skills. ANSWER: c. A & C ... To set minimum wages for workers whose bargaining position is weak c. To abolish malpractices and abuses in wage and salary payments d. None of the above Wage and salary - Wage and salary - Human-capital theory: A particular application of marginalist analysis (a refinement of marginal-productivity theory) became known as human-capital theory. Duration of Contracts 49 3.2. Compensating Wage Theory 39 2.6. Employee turnover is relatively high. Responsibility b. 2.5. 30 b. 3. b. c. Economic profits. Article 37 – State Policy Director can not be enforced by the court due to the violation of the elements. For full treatment, see wage and salary. Equity c. Happiness d. Respect (Ans: b) 9-The remuneration system needs to meet the following type(s) of equity a. Payment of Wages Act, 1936 - MCQs with answers 1. All Rights Reserved. A. Reinforcement B. Labour Market C. Agency a. The contributors of this Theory laid the foundation of Macroeconomics. Are false of social forces on people 's behavior: the difference in wages, the of... 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