Arun Sharma and Meenakshi Upadhyay Solutions for Chapter: CAT Previous Years' Questions, Exercise 3: CAT 2003
Arun Sharma Critical Reasoning Solutions for Exercise - Arun Sharma and Meenakshi Upadhyay Solutions for Chapter: CAT Previous Years' Questions, Exercise 3: CAT 2003
Attempt the free practice questions on Chapter 2: CAT Previous Years' Questions, Exercise 3: CAT 2003 with hints and solutions to strengthen your understanding. How to Prepare for Critical Reasoning for the CAT solutions are prepared by Experienced Embibe Experts.
Questions from Arun Sharma and Meenakshi Upadhyay Solutions for Chapter: CAT Previous Years' Questions, Exercise 3: CAT 2003 with Hints & Solutions
Directions for the questions : Four alternative summaries are given below each text. Choose the option that best captures the essence of the text.
Some decisions will be fairly obvious-"no-brainers." Your bank account is low, but you have a two-week vacation coming up, and you want to get away to some places warm to relax with your family. Will you accept your in-laws' offer of free use of their Florida beach front condo? Sure. You like your employer and feel ready to move forward in your career. Will you step in for your boss for three weeks while she attends a professional development course? Of course.
I. Some decisions are obvious under certain circumstances. You may, for example, readily accept a relative's offer of free holiday accommodation. Or step in for your boss when she is away.
II. Some decisions are no-brainers. You need not think when making them. Examples are condo offers from in-laws and job offers from bosses when your bank account is low or boss is away.
III. Easy decisions are called "no-brainers" because they do not require any cerebral activity. Examples such as accepting free holiday accommodation abound in our lives.
IV. Accepting an offer from in-laws when you are short on funds and want a holiday is a no-brainer. Another no-brainer is taking the boss's job when she is away.
Directions for the questions: Four alternative summaries are given below each text. Choose the option that best captures the essence of the text.
It is important for shipping companies to be clear about the objectives for maintenance and materials management-as to whether the primary focus is on service level improvement or cost minimization. Often, when certain systems are set in place, the cost minimization objective and associated procedures become more important than the flexibility required for service level improvement. The problem really arises since cost minimization tends to focus on out of pocket costs which are visible, while the opportunity costs, often greater in value, are lost sight of.
I. Shipping companies have to either minimize costs or maximize service quality. If they focus on cost minimization, they will reduce quality. They should focus on service level improvement, or else opportunity costs will be lost sight of.
II. Shipping companies should determine the primary focus of their maintenance and materials management. Focus on cost minimization may reduce visible costs, but ignore greater invisible costs and impair service quality.
III. Any cost minimization program in shipping is bound to lower the quality of service. Therefore, shipping companies must be clear about the primary focus of their maintenance and materials management before embarking on cost minimization.
IV. Shipping companies should focus on quality level improvement rather than cost cutting. Cost cutting will lead to untold opportunity costs. Companies should have systems in place to make the service level flexible.
