Only a 5% increase in labour cost may be more troublesome than a 15% increase in postal charges.' Identify the concept pointed out in the direction. Option 1: Deviation Option 2: Critical point control Option 3: Break-even analysis Option 4: Critical path method

The answer is 'Critical point control'. View full solution:

CUET Business Studies - Only a 5% increase in labour cost may be more troublesome than a 15% increase in postal charges.' Identify the concept pointed out in the direction. | PYQs + Solutions

CUET Business Studies

Business Studies

Medium

Deviation

Critical point control

Break-even analysis

Critical path method

✅ Correct Option: 2

Related questions:

22 June Shift 1

Which of the following is not related with "Critical point of control" concept?

A. Control should focus on key result areas

B. KRA's can never be set as critical points

C. It is very easy and economical to keep a check on each and every activity of organiozation

D. If anything goes wrong at the critical points the entire organization suffers

E. In manufacturing organization, an increase of 5% in labour cost may be more troublesome than a 15% increase in postal charges

Choose the correct answer from the options given below :

16 July Shift 2

Mr. Sumit Sharma is the Product manager of a Garment manufacturing company. He was asked by the Senior manager Mr. Ram to prepare performance report of the employee as the production was decreasing.

Which step of the controlling process, the senior manager Mr. Ram wanted Mr. Sumit to perform?

31 May Shift 1

Identify the correct example(s) for "corrective action" that can be undertaken by the company during the controlling process.

(A) Improve the physicial conditions of work, if working conditions are not good.

(B) Replace or repair the existing machines, in case of poor performance by the salesperson.

(D) Use outdated technology for producing the good, if it's advanced version is already available in the market.

Choose the correct answer from the options given below:

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