QUESTION SET 5 ( CBSE NET COMMERCE )

HELLO READERS,

HERE IS ANOTHER QUESTION SET TO BOOST YOUR KNOWLEDGE!


                         
16  .    .             which stage of product-life-cycle are the pricing decisions most complex ?
(A)        Decline
(B)         Growth
(C)         Introduction
 (D)        Maturity
ANSWER-D
EXPLANATION:-maturity is the third stage of  product life cycle before declining stage at this stage sales reaches at its peak and competition becomes intense.Organisation tries to use innovative techniques to maintain their market share.

17  .    Which is not one of the stages in the consumer buying-decision process ?
(A)        Purchase decision
(B)         Post-purchase behavior
(C)         Problem recognition
(D)        Cultural factors
ANSWER-D
EXPLANATION:- there is 6 stages in consumer buying decision which are as
          follows -problem recognition,information search, evaluation of alternatives,
          purchase decision, purchase , post purchase evaluation. 

18.   Under which legislation, the manufacturers and distributors are required to declare Maximum Retail Price (MRP) on packaged commodities ?
              (A)        The  Bureau of Indian Standards Act, 1986
              (B)        The Consumer Protection Act, 1986
              (C)        The Standards of Weights and Measures Act, 1976
              (D)        The     Essential     Commodities Act, 1955
              ANSWER-C
             EXPLANATION:-The Standard of weights and Measure Act ,1976 prescribe that                                          manufacturer should indicate MRP inclusive of all taxes on all pre-packeged goods                              meant for retail sale. 



19      .   Mutually exclusive projects can be more accurately ranked as per
(A)        Internal rate of return method
(B)         Net Present Value Method
(C)         Modified    Internal    Rate    of Returns Method
(D)        Accounting or Average Rate of Return Method
ANSWER-B
EXPLANATION:-NET PRESENT VALUE METHOD is known as discounted cash flow method and it consider time value of money. It is an absolute measure as compared to IRR which is a relative measure.
         Mutually exclusive projects  are one where acceptance of one project means 
         rejection of another project.
        

20.         The major provisions for employees’ health and safety are contained in:-
(A)                  The Industrial Disputes Act, 1947
(B)                   The Factories Act, 1948.
(C)                   The     Industrial    Employment (Standing Orders) Act, 1946
(D)                  The Employees’ Compensation Act, 1923
ANSWER-B
EXPLANATION:-As per factories Act, 1948 an occupier of an establishment
          is required to ensure the health ,safety and welfare of its workers while       they are at work in the factory.






                      



    

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