MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Recording Managerial Commission

Statement: Th...

Question

Statement: The company has decided to increase the price of all its products to tackle the precarious financial position.

Assumptions:

I. The company may be able to wipe out the entire losses incurred earlier by this decision.

II. The buyers may continue to buy its products even after the increase.

III. The company has adequate resources to continue production for few more months.

A

I and III are implicit

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

B

Only II is implicit`

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

II and III are implicit

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

None is implicit

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A
I and III are implicit

It is mentioned that the company has taken the decision to make up for the financial deficit. So, assumption I is implicit. The response of the buyers to the increased prices cannot be deduced from the statement. So, assumption II is not implicit. Since the company seeks to improve its financial position by increasing the prices of its products, so assumption III is also implicit.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Q. Statements: “It is alarming to note that only 48 to 50 percent of the voters in State „X‟. The government must make it mandatory for all to exercise their franchise in order to make the democracy more meaningful.” – View of a voter

Assumption:
(I) Increase in the participation of voters will ensure increase in the rationality of the democratic set – up.
(II) Making it “mandatory for all to exercise their franchise” may increase the number of voters.

Q. In each question below is given a statement followed by two assumptions numbered I and II. An assumption is something supposed or taken for granted. You have to consider the statement and the following assumptions and decide which which of the assumption(s) is/are implicit in the statement

Statement
The X- airlines has decided to increase the passenger fare by

15 %

with immediate effect.

Assumptions
I. The demand for seats of X-airlines may remain unchanged even after the hike of the fare.
II. Other airline companies may also hike the passenger fares.

Q. Samir Gupta started a telecommunication company, 'Donira Ltd.' to manufacture economical mobile phones for the Indian rural market with 15 employees. The company did very well in its initial years. As the product was good and marketed well, the demand of its products went up. To increase production the company decided to recruit additional employees. Samir Gupta, who was earlier taking all decisions for the company had to selectively disperse the authority. He believed that subordinates are competent, capable and resourceful and can assume responsibility for effective implementation of their decisions. This paid off and the company was not only able to increase its production but also expanded its product range.
(a) Identify the concept used by Samir Gupta through which he was able to steer his company to greater heights.
(b) Also explain any three points of importance of this concept.

Q. Neeraj Gupta started a company 'YoYo Ltd'. with ten employees, to assemble economical computers for the Indian rural market. The company did very well in its initial years. As the product was good and marketed well, the demand went up. To increase production the company decided to recruit additional employees. Neeraj Gupta, who was earlier taking all decisions for the company, had to selectively disperse the authority. He believed that people are competent, capable and resourceful and can assume responsibility for effective implementation of their decisions. This paid off and the company was not only able to increase its production but also expanded its product range with different features.
(a) Identify the concept used by Neeraj Gupta through which he was able to steer his company to greater heights.
(b) Also explain any three points of importance of this concept.

Q. Four Mark Question:
Nemaj Gupta stoned a company 'YoYo Ltd.' with ten employees, to assemble economical computers for the Indian rural market: The company did very well in its initial years. As the product was good and marketed well, the demand went up. To increase production the company decided to recruit additional employees. Neeraj Gupta, who was earlier taking all decisions for the company, had to selectively disperse the authority. He believed that people are competent, capable and resourceful and can assume responsibility for effective implementation of their decisions. This paid off and the company was not only able to increase its production but also expanded its product range with different features:
(a) Identify the concept used by Neeraj Gupta through which he was able to steer his company to greater heights.
(b) Also explain any three points of importance of this concept.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Transactions Omitted to Record

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Recording Managerial Commission

Standard XI Accountancy

Join BYJU'S Learning Program

CrossIcon