problem 1) Answer the following problems in detail:

a) What do you mean by Fixed Cost.

b) What do you understand by Rate of Return?

c) What is the meaning of ‘economic life of a project’?

d) describe the use of Break – even chart in detail?

e) prepare down the advantages of straight line method to find of rate of depreciation?

f) What do you mean by Human Resource Management.

g) describe the use of Psychological test?

h) What can be the criteria for promotion?

i) Define Motivation.

j) What are on - the – job training methods.

problem 2) What do you understand by Idle Time? How idle time is treated in labour cost estimation?

problem 3) A machine costs Rs. 10,000 depreciates at the rate of 20% annually in 5 years. find out the annual amount of depreciation through declining Balance method.

problem 4) describe the functions of Human Resource Management.

problem 5) prepare down the difference between cost estimation and cost accounting?

problem 6) Describe any two forms of workers’ participation in management.

problem 7) A firm manufactures pens with a fixed cost of Rs. 60,000/- per year, variable cost Rs. 2 per unit and selling price Rs. 5 per unit. Determine:

a) The firm’s Break Even Point in terms of physical units.

b) What would be the Break Even Point if the firm sells 30,000 units and

c) What would be the Break Even Point if the firm spends Rs. 300 on Research & Development?

problem 8) What is Pay Back Period method of appraising capital expenditure? prepare down its limitations?

problem 9) What do you understand by Recruitment. Describe different external sources of recruitment.