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- Question
What is the main motive behind dealer incentives?
Options- A. encouraging the maximum number of sales of the manufacturers products
- B. to maintain a permanent deal
- C. maintaining good dealer-manufacturer relationships
- D. ensuring that the customer gets the best possible deal
- Correct Answer
- encouraging the maximum number of sales of the manufacturers products
ExplanationThe main motive behind dealer incentives is to give the products at some low price for the dealers who take the products in bulk and maintain good selling of these products.
- 1. Performance goals are used to
Options- A. measure productivity
- B. determine a worker's attitude
- C. measure effectiveness, but not efficiency
- D. communicate nonverbally Discuss
- 2. A person should consume more of something when its marginal cost
Options- A. Benefit exceeds its marginal cost
- B. Marginal cost exceeds its benefit
- C. Benefit deceeds its marginal cost
- D. None of the above Discuss
- 3. The advantages of being an entrepreneur are
Options- A. making the important decisions
- B. you choose the work you like to do
- C. opportunity to be your own boss
- D. All of the above Discuss
- 4. An improvement in production technology will
Options- A. shift the supply curve to the left
- B. shift the demand curve to the left
- C. shift the supply curve to the right
- D. increase equilibrium price Discuss
- 5. Black markets are associated with
Options- A. Price floors and the resulting product shortages
- B. Ceiling prices and the resulting product shortages
- C. Price floors and the resulting product surpluses
- D. Ceiling prices and the resulting product surpluses Discuss
- 6. Net working capital is defined as Discuss
- 7. The primary goal of a business firm is to
Options- A. maximize profit
- B. increase its production
- C. make a quality product
- D. promote workforce job satisfaction Discuss
- 8. A market is said to be in equilibrium when
Options- A. There is downward pressure on price
- B. The amount consumers wish to buy at the current price equals the amount producers wish to sell at that price
- C. All buyers are able to find sellers willing to sell to them at the current price
- D. Supply equals demand Discuss
- 9. A major purpose of cost accounting is to
Options- A. measure, record and report product costs
- B. classify all the product costs
- C. to provide information to stockholders for investment decisions
- D. All of the above Discuss
- 10. Which one of the following is the maximum age of joining National Pension System (NFS) under the NFS Private Sector?
Options- A. 55 years
- B. 60 years
- C. 65 years
- D. 70 years Discuss
Business Awareness problems
Search Results
Correct Answer: measure productivity
Explanation:
Performance goals are used to measure productivity.
Correct Answer: Benefit exceeds its marginal cost
Correct Answer: All of the above
Correct Answer: shift the supply curve to the right
Explanation:
An improvement in production technology will shift the supply curve to the right.
Correct Answer: Ceiling prices and the resulting product shortages
Correct Answer: Net working capital is defined as the aggregate of the current liabilities and current assets ie, it measures the company's ability to pay off its current liabilities with in the current assets
Correct Answer: maximize profit
Explanation:
The primary goal of a business firm is to maximize profit.
Correct Answer: Supply equals demand
Explanation:
A market is said to be in equilibrium when market demand is equal to market Supply.
Correct Answer: measure, record and report product costs
Explanation:
A major purpose of cost accounting is to measure, record and report product costs.
Correct Answer: 65 years
Explanation:
In continuance of the several initiatives under taken by Pension Fund Regulatory and Development Authority (PFRDA) during the last few years to increase the pension coverage in the country, PFRDA has now increased the maximum age of joining under NPS-Private Sector (i.e. All Citizen and Corporate Model) from the existing 60 years to 65 years of age.
Now, any Indian Citizen, resident or non-resident, between the age of 60-65 years, can also join NPS and continue up to the age of 70 years in NPS. With this increase of joining age, the subscribers who are willing to join NPS at the later stage of life will be able to avail the benefits of NPS.
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