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Direction: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:
Assertion (A): Method study make the use of many techniques like process charts and operations research to achieve its main objective.
Reason (R): The main objective of the method study is to minimise the cost of production and maximise the quality and level of consumer satisfaction.
  • a)
    Both (A) and (R) are true, and (R) is the correct explanation of (A).
  • b)
    Both (A) and (R) are true, but (R) is not the correct explanation of (A).
  • c)
    (A) is true, but (R) is false.
  • d)
    (A) is false, but (R) is true.
Correct answer is option 'A'. Can you explain this answer?
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Direction: In the following questions, a statement of Assertion (A) i...
The managers come across numerous ways of performing a particular task or carrying out the production of goods or services. Out of all these possible methods, selection of the most appropriate way, which is cost-effective and also increases the production is considered a method study.
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Direction: In the following questions, a statement of Assertion (A) i...
Assertion (A): Method study makes use of many techniques like process charts and operations research to achieve its main objective.
Reason (R): The main objective of the method study is to minimize the cost of production and maximize the quality and level of consumer satisfaction.

The correct answer is option 'A': Both (A) and (R) are true, and (R) is the correct explanation of (A).

Explanation:
Method study is a systematic and scientific approach used to analyze and improve work processes in order to achieve maximum efficiency and productivity. It involves the use of various techniques such as process charts and operations research. Let's examine the assertion and reason in detail:

Assertion (A): Method study makes use of many techniques like process charts and operations research to achieve its main objective.
Method study is a comprehensive approach that involves the use of several techniques to analyze and improve work methods. Process charts are one of the key tools used in method study to visually represent and analyze the sequence of activities involved in a process. These charts help in identifying non-value-added activities, bottlenecks, and areas for improvement. Operations research, on the other hand, is a mathematical and analytical approach that helps in optimizing processes, making decisions, and solving complex problems. It provides valuable insights and recommendations for improving productivity, reducing costs, and enhancing efficiency. Therefore, the assertion is true.

Reason (R): The main objective of the method study is to minimize the cost of production and maximize the quality and level of consumer satisfaction.
The main objective of method study is to improve work methods and processes in order to achieve maximum efficiency, productivity, and quality. By analyzing and optimizing work processes, method study aims to minimize wastage, reduce unnecessary activities, and eliminate process inefficiencies, which ultimately leads to cost reduction. Additionally, by improving the quality of work processes, method study contributes to enhancing the overall quality of the output or product. This, in turn, increases consumer satisfaction and helps in building a positive reputation for the organization. Therefore, the reason is also true.

Conclusion:
Both the assertion and reason are true, and the reason correctly explains the assertion. Method study indeed makes use of various techniques like process charts and operations research to achieve its main objective, which is to minimize the cost of production and maximize the quality and level of consumer satisfaction.
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Direction: Read the following passage and answer the question that follows:Agricultural Development Bank of Pakistan uses the production function approach to measuring bank outputs and costs, a trans log cost function is estimated to provide an assessment of the bank’s scale and scope efficiency, and to quantify the extent to which its production costs are sensitive to size and output mix. Results shows that the bank enjoys both overall and product-specific economies of scale and, therefore, there exists scope for the bank to expand its operations at declining average cost.Even though bank branches in all size categories enjoy economies of scale, the extent of such economies is larger for branches operating at a smaller scale of production. This implies that as the bank branches grow larger in size in terms of both loan and deposit accounts, they move closer to attaining increasing returns to a factor. It is also shown that the marginal costs of servicing both loan and deposit accounts decline as bank branches grow larger in size in terms of either the number of loans or the number of deposits. This confirms that branches operating at a larger scale of production have attained greater cost efficiency in terms of servicing the loan and deposit accounts.Q. Economies of scale is larger for which type of bank.

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Direction: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Method study make the use of many techniques like process charts and operations research to achieve its main objective.Reason (R): The main objective of the method study is to minimise the cost of production and maximise the quality and level of consumer satisfaction.a)Both (A) and (R) are true, and (R) is the correct explanation of (A).b)Both (A) and (R) are true, but (R) is not the correct explanation of (A).c)(A) is true, but (R) is false.d)(A) is false, but (R) is true.Correct answer is option 'A'. Can you explain this answer?
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Direction: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Method study make the use of many techniques like process charts and operations research to achieve its main objective.Reason (R): The main objective of the method study is to minimise the cost of production and maximise the quality and level of consumer satisfaction.a)Both (A) and (R) are true, and (R) is the correct explanation of (A).b)Both (A) and (R) are true, but (R) is not the correct explanation of (A).c)(A) is true, but (R) is false.d)(A) is false, but (R) is true.Correct answer is option 'A'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Direction: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Method study make the use of many techniques like process charts and operations research to achieve its main objective.Reason (R): The main objective of the method study is to minimise the cost of production and maximise the quality and level of consumer satisfaction.a)Both (A) and (R) are true, and (R) is the correct explanation of (A).b)Both (A) and (R) are true, but (R) is not the correct explanation of (A).c)(A) is true, but (R) is false.d)(A) is false, but (R) is true.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Method study make the use of many techniques like process charts and operations research to achieve its main objective.Reason (R): The main objective of the method study is to minimise the cost of production and maximise the quality and level of consumer satisfaction.a)Both (A) and (R) are true, and (R) is the correct explanation of (A).b)Both (A) and (R) are true, but (R) is not the correct explanation of (A).c)(A) is true, but (R) is false.d)(A) is false, but (R) is true.Correct answer is option 'A'. Can you explain this answer?.
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