mcq on theory of wages

B) equally likely. Rents. According to the Classical theory of international trade ? 2. Duration of Contracts 49 3.2. A. Agency theory Social responsibility A concept that implies that the firm should consider issues such as protecting the consumer, paying fair wages, maintaining fair hiring practices, supporting education, and considering environmental issues. 30 b. All Rights Reserved. D) decision making under certainty. 4. Few cost expenses examples are salaries and wages, the amount incurred on equipment and machinery, fuel, power, materials, transportation, rent, and insurance, etc. Ans: d 3. © Copyright 2016. Only countries with high wages will import C. Countries with high wages will have higher prices D. All of the above are false. MCQ quiz on Demand and Supply multiple choice questions and answers on Demand and Supply MCQ questions quiz on Demand and Supply objectives questions with answer test pdf. a. Reinforcement and expectancy theory b. Liberal intellectual theory. 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. Wages. D) objective. For full treatment, see wage and salary. Work study is concerned with (a) improving present method and finding standard time (b) motivation of workers (c) improving production capability (d) improving production planning and control (e) all of the above. The term Living Wage has not been defined under the Minimum wages Act, 1948. b. Page-2 section-3 Internal b. The classical theory of economic development is of relevance for the less developed countries today because it lays emphasis on: A. Business Studies MCQs for Class 12 Chapter Wise with Answers PDF Download was Prepared Based on Latest Exam Pattern. A set of logical and mathematical operations performed in a specific sequence is called a(n) A) complete enumeration. Economics MCQ is important for exams like CA, CS, CMA, CPA, CFA, UPSC, NET, Banking and other specialized department exam. ANSWER: d. Deduction for payment of uniform and property, ANSWER: c. Should not exceed an amount equal to 3% of the wages payable. Professionals, Teachers, Students and Kids Trivia Quizzes to test your knowledge on the subject. Communicating with Employees - MCQs with answers - Part 3, Communicating with Employees - MCQs with answers - Part 2, Communicating with employees - MCQs with answers - Part 1, Marketing Management - Understanding and Capturing Market Insights - MCQs. Test 9: A Level Economics: MCQ … Promote the equal distribution of real assets and wealth. B) diagnostic analysis. Bargaining Theory: John Davidson has given this theory, and according to him, the wages are determined on the basis of a bargaining capacity of workers or their unions and employers. Multiple choice questions This activity contains 10 questions. Free PDF Download of CBSE Business Studies Multiple Choice Questions for Class 12 with Answers Chapter 7 Directing. Here is a 7-minute short Multiple Choice questions test relating to the Classical Theory of Income and Employment, Full Employment, Assumptions, Determinants, Implications, Criticisms and its related concepts in Macroeconomics. The Trade Union Act 1955 b. 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. 1934 b. months at the rate of 15 days wages based on last drawn wages by the employee. 31 c. 15 d. 26 22. Socialist theory 2. All Rights Reserved. The Subsistence wage Theory , मजदूरी का जीवन निर्वाह सिद्धांत , Wage Determination theory (Hindi) - Duration: 13:29. A & B b. c. Economic profits. Ans: a 2. The Indifference curve approach was introduced by a) Alfred Marshall b) Lionel Robbins c) J.R. Hicks and R.G.D. This theory has been criticized on the following grounds: The difference in wages. 1. Dec 13, 2020 - MCQ - Theory of Cost CA Foundation Notes | EduRev is made by best teachers of CA Foundation. 1. A. Reinforcement B. Labour Market C. Agency a. While calculating the 15 dais wages, the number of working days in a month are taken as_____ a. Equity c. Happiness d. Respect (Ans: b) 9-The remuneration system needs to meet the following type(s) of equity a. MULTIPLE CHOICE QUESTIONS CONSUMPTION 1. Efficiency Wage Theory 40 2.7. Keynes pointed to factors such as aversion to nominal wage cuts. Only countries with low wages will export B. Article 36 – definition of state 2. Get free MCQ Questions of HRM from the article below. C) algorithm. 1925 c. 1936 B & C c. A & C d. A, B & C View Answer / Hide Answer. Wages coinciding with the subsistence level: D. All of the above View Answer Workspace Report Discuss in Forum. Responsibility b. In this theory, the supply of labor has given much importance, while the demand factor has been ignored. 3. Read important economics solved pdf mcqs with answers and solution for test preparation. Sticky wages and nominal wage rigidity was an important concept in J.M. It has since become a dominant means of understanding how wages are determined. When workers sell their labor, the price they can charge is influenced by several factors on the supply side and several factors on … Corporate Profits with Inventory Valuation Adjustment in Manufacturing, Durable Goods and … Article 37 – State Policy Director can not be enforced by the court due to the violation of the elements. Profit Curve 54 3.3. 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. C) maximin. Which of these is a theory of remuneration? © Copyright 2016. A pessimistic decision making criterion is A) maximax. Develop an all-encompassing synthesis of major sociological perspectives. Achieve full employment and price level stability. 3) Concepts of Wages Broadly Speaking, the wages can be classified into the following categories: (a) Living Wage (b) Fair Wage (c) minimum Wage (a) Living Wage - The concept of "Living wage" is the wage rate which prevails in most of the economically advanced Countries. 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 … a. A competing theory of income and employment, the monetarist approach, places the quantity of money in the controlling role. b. Keynes The General Theory of Employment, Interest and Money. 2.5. Existence of fund. Fringe BenefitsReason: Rest of the options are dimensions of equity, ANSWER: a. Basic tool in work study is (a) graph paper (b) process chart (c) planning chart (d) stop watch (e) analytical mind. ANSWER: a. Students can solve NCERT Class 12 Business Studies Directing MCQs Pdf with Answers to know their preparation level. My Model 41 3.1. 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 Employee turnover is relatively high. You are allowed two attempts Page-4 section-1 Profit Curve (Strike Case) 72 4.1. Gandhian theory 3. Article 38 – Provides social, economic and political justice for the promotion of public welfare. Once you have completed the test, click on 'Submit Answers for Grading' to get your results. Given below are essential MCQs on the Cost concept to analyze your understanding of the topic. a. HR - Industrial Relations - MCQs with answers, Industrial Disputes Act, 1947 - MCQs with answers - Part V, Industrial Disputes Act, 1947 - MCQs with answers - Part I, Factories Act, 1948 - MCQs with answers - Part I, Payment of Wages Act, 1936 - MCQs with answers, Factories Act, 1948 - MCQs with answers - Part III, Maternity Act, 1961 - MCQs with answers - Part I. It holds that earnings in the labour market depend upon the employees’ information and skills. In particular, Keynes argued in a recession, with falling prices, wages didn’t fall to restore equilibrium. Multiple choice questions Try the multiple choice questions below to test your knowledge of this chapter. Here is a revision video version of our popular Edge MCQ Blast format - this time looking at ten questions covering aspects of the economics of labour markets. Overall you need 80% to achieve a 'pass' grade. According to this theory, all the workers receive equal wages, while wages differ from worker to worker. These questions may occur in recruitment exams. A brief treatment of wage theory follows. Equity theory c. Agency theory d. None of the above (Ans: a) 8-‘A fair day work for fair day pay’ denotes a sense of _____ felt by employees. Classical economists argue that wages—the price of labor—are determined (like all prices) by supply and demand. Which Act of Parliament defines a 'trade union' and governs much of the law on industrial relations? MCQ DECISION THEORY 1. If the trade union is stronger, then the wages will be high, and if the employer is powerful, the wages … Person actually experiencing award, ANSWER: a. The demand factor ignored. This quiz tests your knowledge on various aspects of monetary policy - feedback is provided on your score for each question. 27. Commerce provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. salary theory,like bonus, overtime pay, arrears of salary, compensation, pay for extra work, allowances, perquisites, retirement benefits, surrender of salary, Income Tax : Salary Theory, FAQ and MCQ - Accounting & Taxation 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. The study of management theory is important for which of the following reasons: Which approach to the study of organisational behaviour emphasises the formal structure, hierarchy of management, the technical requirements and the assumption of rational behaviour? 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. Payment of Wages Act, 1936 - MCQs with answers 1. Which of the following is not a part of the classical theory of economic development? This document is highly rated by CA Foundation students and has been viewed 12250 times. The subsistence theory of wages, advanced by David Ricardo and other classical economists, was based on the population theory of Thomas Malthus.It held that the market price of labour would always tend toward the minimum required for subsistence. This activity contains 20 questions. Costing MCQ Questions and answers with easy and logical explanations. Socialist theory: 3. Human Resource Management (HRM) MCQ Questions Answers: HR Management Objective MCQ Questions and Answers Download PDF from here. Marginal revenue is the latest addition made to the a) average revenue b) Total production c) Total revenue d) none Ans (c ) 3. In which year was the first suggestion for the legislation in the act made? Allen d) Adam Smith ANS (c ) 2. This led to real wage unemployment. a. income concentration relative to a 45-degree line. Émile Durkheim's endeavor to establish sociology as a separate academic discipline centered on his efforts to: A. The contributors of this Theory laid the foundation of Macroeconomics. Commerce provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Demonstrate the influence of social forces on people's behavior. Mcq … d. Payments made to the entrepreneur for organizing production 16. From society's point of view the economic function of profits and losses is to: a. They call this the market theory of wage determination . B. 1. 2nd Semester Model MCQ 1. Economics MCQ Questions and answers with easy and logical explanations. Compensating Wage Theory 39 2.6. Costing MCQ is important for exams like CA, CS, CMA, CPA, CFA, UPSC, NET, Banking and other accounts department exam. According to the Classical theory of international trade ?

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