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What is meant by the term 'value added' in production?

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Important Questions on National Income and Related Aggregates

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Other Subjects>Economics>National Income and Related Aggregates>Emergence of Macroeconomics
Explain the significance of Taylor's Scientific Management.
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Other Subjects>Economics>National Income and Related Aggregates>Emergence of Macroeconomics
What is the law of diminishing marginal product?
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Other Subjects>Economics>National Income and Related Aggregates>Emergence of Macroeconomics
What does ‘Issue of debentures for consideration other than cash’ mean?
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Other Subjects>Economics>National Income and Related Aggregates>Emergence of Macroeconomics
Which of the following is an example of a financial objective of management?
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Other Subjects>Economics>National Income and Related Aggregates>Emergence of Macroeconomics
A company is manufacturing paper plates and bowls. It produces 1,00,000 plates and bowls each day. Due to a local festival, it got an urgent order of extra 50,000 plates and bowls. Explain the method of recruitment that the company should adopt in the given circumstances to meet the order.
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Other Subjects>Economics>National Income and Related Aggregates>Emergence of Macroeconomics
What is meant by recruitment? How is it different from selection?
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Other Subjects>Economics>National Income and Related Aggregates>Emergence of Macroeconomics
A major insurance company handled recruiting, screening, and training processes for data entry/customer service representatives. Their competitor attracted most of the qualified potential employees in the market, and recruiting was made more difficult by the strong economy and the ‘jobseeker’s market.’ This resulted in the client choosing candidates with the ‘soft’ skills needed for the job but lacking the proper ‘hard’ skills and training. As an HR manager, what problems do you identify in the company’s recruitment process?
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Other Subjects>Economics>National Income and Related Aggregates>Emergence of Macroeconomics
What does a bearer debenture mean?
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Other Subjects>Economics>National Income and Related Aggregates>Emergence of Macroeconomics
Explain the relationship between the marginal products and the total product of an input.
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Other Subjects>Economics>National Income and Related Aggregates>Emergence of Macroeconomics
State the meaning of principles of management.
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Other Subjects>Economics>National Income and Related Aggregates>Emergence of Macroeconomics
Explain the concepts of the short run and the long run.
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Other Subjects>Economics>National Income and Related Aggregates>Emergence of Macroeconomics
What is informal communication?
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Other Subjects>Economics>National Income and Related Aggregates>Emergence of Macroeconomics
Which function of management involves developing an organizational structure and allocating human resources?
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Other Subjects>Economics>National Income and Related Aggregates>Emergence of Macroeconomics
What is the law of variable proportions?
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Other Subjects>Economics>National Income and Related Aggregates>Emergence of Macroeconomics
What does it mean to issue debentures at a discount and redeemable at a premium?
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Other Subjects>Economics>National Income and Related Aggregates>Emergence of Macroeconomics
Explain the concept of a production function.
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Other Subjects>Economics>National Income and Related Aggregates>Emergence of Macroeconomics
What is meant by a debenture?
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Other Subjects>Economics>National Income and Related Aggregates>Emergence of Macroeconomics
What is the meaning of ‘Debentures issued as a collateral security’?
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Other Subjects>Economics>National Income and Related Aggregates>Emergence of Macroeconomics
Which management concept ensures that each employee has only one direct supervisor?
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Other Subjects>Economics>National Income and Related Aggregates>Emergence of Macroeconomics
What is the total product of an input?