(A) Government
(B) Shareholders
(C) Employees
(D) Firm
Tag: Financial Accounting Mcqs
Group bonus schemes are generally suitable where :
(A) Output depends on individual efforts
(B) Output of individual workers can be measured easily
(C) It is necessary to create a collective interest in the work
(D) Normal loss rate is high
Favourable conditions for the operation of piece rates include :
(A) Homogeneous products
(B) Long, uninterrupted run of production
(C) Inspection
(D) High proportion of indirect labour
Contribution margin contributes to meet which one of the following options ?
(A) Variable cost
(B) Fixed cost
(C) Operating cost
(D) Net profit
The factors to be taken into consideration in formulating incentive schemes include :
(A) Quantity and quality of output
(B) Incidence of overhead, and effect upon workers
(C) Simplicity and legal provisions
(D) All of the above
Merit rating helps the following except :
(A) Determining right worker for the right job/work
(B) Delinking rewards with merits
(C) Simplifying wage structure
(D) Improving labour relations and reducing labour turnover
The methods of job evaluation include :
(A) Grading
(B) Ranking
(C) Points value
(D) All of the above
Time study serves the following purposes except :
(A) Standardizing jobs, operation etc.
(B) Assessing labour time
(C) Fixation of factory overhead rate
(D) Fixation of wage rates and introduction of incentive schemes