All Courses
Explore Courses UPSC Exam UPSC Test Series Free Notes EduRev Infinity Get the App Login Join for Free
Sign in Open App
CAT Exam  >  CAT Questions  >  In a big corporate multinational firm, the em... Start Learning for Free
SaveJoin the Discussion on the App
In a big corporate multinational firm, the employees volunteer to contribute a part of their salary for the prime minister's relief fund for flood victims. The executives each contribute Rs. 4,000 to the fund while the managers contribute twice as much. If the strength of the firm, comprising just of managers and executives, is 1000 and the net collection for the relief fund is Rs. 44,00,000; which of the following statements is true?
  • a)
    The contribution by managers is more than that by the executives by Rs. 28,00,000
  • b)
    The contribution by managers is more than that by the executives by Rs. 16,00,000
  • c)
     The contribution by managers is less than that by the executives by Rs. 28,00,000
  • d)
     The contribution by managers is less than that by the executives by Rs. 16,00,000
Correct answer is option 'C'. Can you explain this answer?
FREE This question is part of
Download PDF Attempt Test
Download PDF Attempt this Test
Verified Answer
In a big corporate multinational firm, the employees volunteer to cont...
Let us assume that the number of managers is m, that of executives is e, the contribution made by each manager is M, and that by each executive is E.
The contribution by managers is less than that by the executives by Rs. 28,00,000 The contribution by managers is less than that by the executives by Rs. 16,00,000
M = 8000, E = 4000
m + e = 1000 -----------------------(1)
mM + eE = 4400000
or, 8000/77 + 4000(1000 - m ) = 4400000 or, 4m + 4000 = 4400
or, m = 100
e = 900
net contribution by managers = 100 * 8000 = 8,00,000 And, net contribution by the executives = 900 x 4000 = 36,00,000 Difference in contribution = 28,00,000 Hence, option 3.
View all questions of this test
Most Upvoted Answer
In a big corporate multinational firm, the employees volunteer to cont...
X +y = 1000
4000x + 8000y = 44 lakh
solve the equation
x is 900 y is 100
contribution through x is 36 lakh
through Y js 8 lakh
x exceeds y by 28 lakh
Free Test
FREE
Start Free Test
Start Free Test
Community Answer
In a big corporate multinational firm, the employees volunteer to cont...
Let us assume that the number of managers is m, that of executives is e, the contribution made by each manager is M, and that by each executive is E.
The contribution by managers is less than that by the executives by Rs. 28,00,000 The contribution by managers is less than that by the executives by Rs. 16,00,000
M = 8000, E = 4000
m + e = 1000 -----------------------(1)
mM + eE = 4400000
or, 8000/77 + 4000(1000 - m ) = 4400000 or, 4m + 4000 = 4400
or, m = 100
e = 900
net contribution by managers = 100 * 8000 = 8,00,000 And, net contribution by the executives = 900 x 4000 = 36,00,000 Difference in contribution = 28,00,000 Hence, option 3.
Attention CAT Students!
To make sure you are not studying endlessly, EduRev has designed CAT study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CAT.
< Previous Question Next Question >
Explore Courses for CAT exam

Similar CAT Doubts

Read the passage carefully and answer the questions that follow:Our meritocracy looks to markets to measure merit. Prices—including, crucially, wages—establish what things are worth. Greg Mankiw, who chaired George Bush’s Council of Economic Advisers, captures the ideal in his “principle of just deserts.” Meritocracy holds that “a person who contributes more to society deserves a higher income that reflects those greater contributions.” Moreover, meritocracy measures each person’s contribution as the market value that she adds “to society’s production of goods and services.”But in reality, meritocratic hierarchies now distort market valuations, especially wages. Elites remake work in their own image, to privilege education and skills that only they can afford to acquire. Finance illustrates the pattern. In the mid 20th century, when the Economist called banking “the world’s most respectable dying industry,” those in the field were neither better educated nor better paid than others. Since then, super-educated elites have developed technologies—financial instruments, digital tools and legal regimes—that dramatically favour their own skills. Today, no sector is more closely associated with high wages. But the innovation is not a true advance, and the new style of finance does not make a greater social contribution than the old. The transaction costs of financial intermediation have not declined, and overall financial risk is neither reduced nor better shared.Similar patterns pervade the wider economy. Elites remake work to favour their peculiar skills and then use the enormous incomes that ensue to buy educations for their children that the rest cannot match. Far from correcting itself, meritocratic inequality triggers a feedback loop that undermines meritocracy’s core claims. Merit is an ideology built to launder offensive hierarchies.But,todays distribution of rewards and opportunities is notso repugnant that we need to junk the idea of merit.The meritocratic idea was forged in the revolt against the old society that fixed people’s position at birth, most notably in the French and American Revolutions of the 18th century and the English liberal revolution of the 19th. But things didn’t stop there. Prominent thinkers of the time like Du Bois and Luther King,all rested their arguments on the idea that people should be judged on the basis of their own abilities.I would agree with a reworded version of Mankiw’s principle: someone who contributes more to prosperity deserves a higher income that reflects their greater contribution.There is more to meritocracy than money-making.The meritocratic idea tries to address two of the great problems at the heart of modernity: how do we reconcile the moral equality of individuals with social differentiation? And how do we secure the economic growth that pays for the things we have come to expect, such as social welfare?Meritocracy answers the first question by providing a combination of equality of opportunity and competition. Universal education gives everybody a basic shot at succeeding. Competition allows people to discover their unique talents. And if competition has downsides, they are nothing compared with the risks of allowing talents to go undiscovered.The evidence that meritocracy promotes economic efficiency is overwhelming: meritocratic countries such as Singapore grow more robustly than non-meritocratic ones such as Greece; public companies that recruit people on merit are more successful than family companies that rely on nepotism.The solution to the inequalities produced by meritocracy’s success is to tax the winners rather than to bind Prometheus.Q. The authors view on the principle of just deserts differs from that of Mankiw in which of the following ways?

Directions: Read the following passage carefully and answer the questions that follow.In the mid-2000s the United States was reeling from a wave of corporate scandals: Think of WorldCom, Enron, Tyco, and AIG. For Aiyesha Dey, then an assistant professor of accounting at the University of Chicago, those episodes fuelled a question: Did leaders' lifestyles affect outcomes for their firms, and if so, how? "There were all these articles about how executives at those companies were throwing parties for millions of dollars," Dey recalls. So, she and colleagues embarked on a series of studies linking leaders' off-the-job behaviour with their actions at work. In deciding what behaviours to focus on, the researchers drew on findings in psychology and criminology. They settled on two: a propensity to break the law, which is tied to an overall lack of self-control and a disregard for rules, and materialism, which is associated with an insensitivity to how one's actions affect others and the environment. Across four studies, Dey - now an associate professor at Harvard Business School - and her co-authors examined correlations between one or both of those behaviours and five on-the-job issues.In their most recent paper, the researchers looked at whether executives' personal legal records - everything from traffic tickets to driving under the influence and assault - had any relation to their tendency to execute trades on the basis of confidential inside information. Using U.S. federal and state crime databases, criminal background checks, and private investigators, they identified firms that had simultaneously employed at least one executive with a record and at least one without a record during the period from 1986 to 2017. This yielded a sample of nearly 1,500 executives, including 503 CEOs. Examining executive trades of company stock, they found that those were more profitable for executives with a record than for others, suggesting that the former had made use of privileged information. The effect was greatest among executives with multiple offences and those with ______ violations.Which of the following is/are NOT TRUE in the context of the passage?I. While strong governance can discipline minor offenders, it appears to be largely ineffective for executives with more-serious criminal infractions.II. Companies where the CEO had a record had fewer independent directors.III. The one with legal records were likelier than others to trade during blackouts and to miss SEC reporting deadlines.

Directions: A company wants to select a team of four call centre executive from its south Indian centre from transfer to north India where they are going to set up new centre. The company is managed by professional managers and is very particular about human resources and personal relations there are seven team members of equal ability X, Y and Z (who are senior) and A, B, C and D (who are junior) the company requires that there should be two senior executives and two junior executives in the team. It is also necessary that all of the executives in a particular team are friendly with each other in order to have a real team spirit and avoid any personnel relations problems in the new centre being set up in the North following is the situation of relations among the seven executives.I. Y and A are not friendly.II. Z and C are not friendly.III. A and B are not friendly.If A is on the team, then which other executives must be on the team as well?

Directions: Read the following passage carefully and answer the questions that follow.In the mid-2000s the United States was reeling from a wave of corporate scandals: Think of WorldCom, Enron, Tyco, and AIG. For Aiyesha Dey, then an assistant professor of accounting at the University of Chicago, those episodes fuelled a question: Did leaders' lifestyles affect outcomes for their firms, and if so, how? "There were all these articles about how executives at those companies were throwing parties for millions of dollars," Dey recalls. So, she and colleagues embarked on a series of studies linking leaders' off-the-job behaviour with their actions at work. In deciding what behaviours to focus on, the researchers drew on findings in psychology and criminology. They settled on two: a propensity to break the law, which is tied to an overall lack of self-control and a disregard for rules, and materialism, which is associated with an insensitivity to how one's actions affect others and the environment. Across four studies, Dey - now an associate professor at Harvard Business School - and her co-authors examined correlations between one or both of those behaviours and five on-the-job issues.In their most recent paper, the researchers looked at whether executives' personal legal records - everything from traffic tickets to driving under the influence and assault - had any relation to their tendency to execute trades on the basis of confidential inside information. Using U.S. federal and state crime databases, criminal background checks, and private investigators, they identified firms that had simultaneously employed at least one executive with a record and at least one without a record during the period from 1986 to 2017. This yielded a sample of nearly 1,500 executives, including 503 CEOs. Examining executive trades of company stock, they found that those were more profitable for executives with a record than for others, suggesting that the former had made use of privileged information. The effect was greatest among executives with multiple offences and those with ______ violations.The passage talks about identifying or shortlisting some firms for the purpose of the study. Which of the following time periods was targeted?

Top Courses for CATView all

Top Courses for CAT

In a big corporate multinational firm, the employees volunteer to contribute a part of their salary for the prime ministers relief fund for flood victims. The executives each contribute Rs. 4,000 to the fund while the managers contribute twice as much. If the strength of the firm, comprising just of managers and executives, is 1000 and the net collection for the relief fund is Rs. 44,00,000; which of the following statements is true?a)The contribution by managers is more than that by the executives by Rs. 28,00,000b)The contribution by managers is more than that by the executives by Rs. 16,00,000c)The contribution by managers is less than that by the executives by Rs. 28,00,000d)The contribution by managers is less than that by the executives by Rs. 16,00,000Correct answer is option 'C'. Can you explain this answer?
Question Description
In a big corporate multinational firm, the employees volunteer to contribute a part of their salary for the prime ministers relief fund for flood victims. The executives each contribute Rs. 4,000 to the fund while the managers contribute twice as much. If the strength of the firm, comprising just of managers and executives, is 1000 and the net collection for the relief fund is Rs. 44,00,000; which of the following statements is true?a)The contribution by managers is more than that by the executives by Rs. 28,00,000b)The contribution by managers is more than that by the executives by Rs. 16,00,000c)The contribution by managers is less than that by the executives by Rs. 28,00,000d)The contribution by managers is less than that by the executives by Rs. 16,00,000Correct answer is option 'C'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about In a big corporate multinational firm, the employees volunteer to contribute a part of their salary for the prime ministers relief fund for flood victims. The executives each contribute Rs. 4,000 to the fund while the managers contribute twice as much. If the strength of the firm, comprising just of managers and executives, is 1000 and the net collection for the relief fund is Rs. 44,00,000; which of the following statements is true?a)The contribution by managers is more than that by the executives by Rs. 28,00,000b)The contribution by managers is more than that by the executives by Rs. 16,00,000c)The contribution by managers is less than that by the executives by Rs. 28,00,000d)The contribution by managers is less than that by the executives by Rs. 16,00,000Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In a big corporate multinational firm, the employees volunteer to contribute a part of their salary for the prime ministers relief fund for flood victims. The executives each contribute Rs. 4,000 to the fund while the managers contribute twice as much. If the strength of the firm, comprising just of managers and executives, is 1000 and the net collection for the relief fund is Rs. 44,00,000; which of the following statements is true?a)The contribution by managers is more than that by the executives by Rs. 28,00,000b)The contribution by managers is more than that by the executives by Rs. 16,00,000c)The contribution by managers is less than that by the executives by Rs. 28,00,000d)The contribution by managers is less than that by the executives by Rs. 16,00,000Correct answer is option 'C'. Can you explain this answer?.
Solutions for In a big corporate multinational firm, the employees volunteer to contribute a part of their salary for the prime ministers relief fund for flood victims. The executives each contribute Rs. 4,000 to the fund while the managers contribute twice as much. If the strength of the firm, comprising just of managers and executives, is 1000 and the net collection for the relief fund is Rs. 44,00,000; which of the following statements is true?a)The contribution by managers is more than that by the executives by Rs. 28,00,000b)The contribution by managers is more than that by the executives by Rs. 16,00,000c)The contribution by managers is less than that by the executives by Rs. 28,00,000d)The contribution by managers is less than that by the executives by Rs. 16,00,000Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CAT. Download more important topics, notes, lectures and mock test series for CAT Exam by signing up for free.
Here you can find the meaning of In a big corporate multinational firm, the employees volunteer to contribute a part of their salary for the prime ministers relief fund for flood victims. The executives each contribute Rs. 4,000 to the fund while the managers contribute twice as much. If the strength of the firm, comprising just of managers and executives, is 1000 and the net collection for the relief fund is Rs. 44,00,000; which of the following statements is true?a)The contribution by managers is more than that by the executives by Rs. 28,00,000b)The contribution by managers is more than that by the executives by Rs. 16,00,000c)The contribution by managers is less than that by the executives by Rs. 28,00,000d)The contribution by managers is less than that by the executives by Rs. 16,00,000Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of In a big corporate multinational firm, the employees volunteer to contribute a part of their salary for the prime ministers relief fund for flood victims. The executives each contribute Rs. 4,000 to the fund while the managers contribute twice as much. If the strength of the firm, comprising just of managers and executives, is 1000 and the net collection for the relief fund is Rs. 44,00,000; which of the following statements is true?a)The contribution by managers is more than that by the executives by Rs. 28,00,000b)The contribution by managers is more than that by the executives by Rs. 16,00,000c)The contribution by managers is less than that by the executives by Rs. 28,00,000d)The contribution by managers is less than that by the executives by Rs. 16,00,000Correct answer is option 'C'. Can you explain this answer?, a detailed solution for In a big corporate multinational firm, the employees volunteer to contribute a part of their salary for the prime ministers relief fund for flood victims. The executives each contribute Rs. 4,000 to the fund while the managers contribute twice as much. If the strength of the firm, comprising just of managers and executives, is 1000 and the net collection for the relief fund is Rs. 44,00,000; which of the following statements is true?a)The contribution by managers is more than that by the executives by Rs. 28,00,000b)The contribution by managers is more than that by the executives by Rs. 16,00,000c)The contribution by managers is less than that by the executives by Rs. 28,00,000d)The contribution by managers is less than that by the executives by Rs. 16,00,000Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of In a big corporate multinational firm, the employees volunteer to contribute a part of their salary for the prime ministers relief fund for flood victims. The executives each contribute Rs. 4,000 to the fund while the managers contribute twice as much. If the strength of the firm, comprising just of managers and executives, is 1000 and the net collection for the relief fund is Rs. 44,00,000; which of the following statements is true?a)The contribution by managers is more than that by the executives by Rs. 28,00,000b)The contribution by managers is more than that by the executives by Rs. 16,00,000c)The contribution by managers is less than that by the executives by Rs. 28,00,000d)The contribution by managers is less than that by the executives by Rs. 16,00,000Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice In a big corporate multinational firm, the employees volunteer to contribute a part of their salary for the prime ministers relief fund for flood victims. The executives each contribute Rs. 4,000 to the fund while the managers contribute twice as much. If the strength of the firm, comprising just of managers and executives, is 1000 and the net collection for the relief fund is Rs. 44,00,000; which of the following statements is true?a)The contribution by managers is more than that by the executives by Rs. 28,00,000b)The contribution by managers is more than that by the executives by Rs. 16,00,000c)The contribution by managers is less than that by the executives by Rs. 28,00,000d)The contribution by managers is less than that by the executives by Rs. 16,00,000Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice CAT tests.
Explore Courses for CAT exam

Top Courses for CAT

Explore Courses

Suggested Free Tests

Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev
Get App
© EduRev
Education Revolution
Signup to see your scores go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup