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Last Updated On [03-11-2023]

Read the following case let carefully and answer the question that follow

Head of a nation on Nordic region was struggling with the slowing economy on one hand and restless citizens on other hand. In addition, his opponents were doing everything possible to discredit his government. As famous saying goes, ‘there is no smoke without a fire’, it cannot be said that the incumbent government was doing all the right things. There were reports of each acts of consumption had created a lot of problems for the government. It was being alleged that the government has given the right to exploit these public resources at throw away prices to some private companies. Some of the citizens were questioning the government policies in the supreme court as well as in the media. In the midst of all this, the head of the nation called his cabinet colleagues for a meeting on the recent happenings in the country.

He asked his minister of water resources about the bidding process for allocation of rights to up mini hydel power plants. To this, the minister replied that his ministry had followed the laid put polices of the government. Water resources were allocated to those private companies that bid the highest and were technically competent. The minister continues that later on some new companies had shown interest and they were allowed to enter the sector as per the guidelines of the government. This the minister added, the rights at the price set by the highest bidders in the previous round of bidding. After hearing this, the head of nation replied that one would expect the later allocations to be done after a fresh round of bidding. The minister of water resources replied that his ministry had taken permission from the concerned ministries before allocating  the resources to the new companies

Gastric bypass surgery has been shown to be effective at helping extremely obese people lose weight. Some patients have lost as much as 300 pounds after undergoing the surgery, thereby substantially prolonging their lives. Despite the success of the treatment, most doctors have not embraced the surgery.

Which of the following statements, if true, best accounts for the lukewarm reaction of the medical to gastric bypass surgery?

(a) gastric bypass surgery carries a high risk of serious complications, including death

(b) obesity is one of the leading contributors to heart disease and hypertension two leading causes of death

(c) many patients report that losing weight through diets is ineffective, since they usually gain the weight back within six months.

(d) none of the above    


Question ID - 53176 :-

Read the following case let carefully and answer the question that follow

Head of a nation on Nordic region was struggling with the slowing economy on one hand and restless citizens on other hand. In addition, his opponents were doing everything possible to discredit his government. As famous saying goes, ‘there is no smoke without a fire’, it cannot be said that the incumbent government was doing all the right things. There were reports of each acts of consumption had created a lot of problems for the government. It was being alleged that the government has given the right to exploit these public resources at throw away prices to some private companies. Some of the citizens were questioning the government policies in the supreme court as well as in the media. In the midst of all this, the head of the nation called his cabinet colleagues for a meeting on the recent happenings in the country.

He asked his minister of water resources about the bidding process for allocation of rights to up mini hydel power plants. To this, the minister replied that his ministry had followed the laid put polices of the government. Water resources were allocated to those private companies that bid the highest and were technically competent. The minister continues that later on some new companies had shown interest and they were allowed to enter the sector as per the guidelines of the government. This the minister added, the rights at the price set by the highest bidders in the previous round of bidding. After hearing this, the head of nation replied that one would expect the later allocations to be done after a fresh round of bidding. The minister of water resources replied that his ministry had taken permission from the concerned ministries before allocating  the resources to the new companies

Gastric bypass surgery has been shown to be effective at helping extremely obese people lose weight. Some patients have lost as much as 300 pounds after undergoing the surgery, thereby substantially prolonging their lives. Despite the success of the treatment, most doctors have not embraced the surgery.

Which of the following statements, if true, best accounts for the lukewarm reaction of the medical to gastric bypass surgery?

(a) gastric bypass surgery carries a high risk of serious complications, including death

(b) obesity is one of the leading contributors to heart disease and hypertension two leading causes of death

(c) many patients report that losing weight through diets is ineffective, since they usually gain the weight back within six months.

(d) none of the above    

1 Answer
5876 Votes
3537

Answer Key : (b) -

Obesity is one of the leading contributors to heart disease and hypertension two leading causes of death.



Next Question :

Read the case let carefully and answer the question that follow

The big and colourful company

You are running ‘big and colourful (B & C)’ company that sells books to customers through three retail formats.

(i). You can buy books from bookstores

(ii). You can buy books from supermarket

(iii). You can order books over the internet (online)

Your manager has an interesting way of classifying expenses. Some of the expenses are classified in terms of size; big, small and medium and others are classified in terms of colours, red yellow, green, violet. The company has a history of categorising overall costs into initial costs and additional costs. Additional costs are equal to the sum of big, small and medium expenses. There are two types of margins, contribution (sales minus initial costs) and profit(contribution minus additional costs). Given below is the data about the sales and costs of B & C.

Sales

Initial costs

Contribution (sales-initial costs)

Additional costs

Big                                                      9300

Small                                                 3000

Medium                                            3500

60000

39000

21000

 

 

 

15800

Profit (contribution-additional cost )

5200

     Each of big, small and medium cost is categorised by the manager into red, green and violet costs. Breakdown of the additional costs under these headings is shown in the table below

Expenses

Total

Red

Yellow

Green

Violet

Big

9300

5100

1200

1400

1600

Small

3000

 

400

2000

600

Medium

3500

500

1500

1400

200

Total

15800

5500

3100

4800

2400

Red, yellow, green and violet costs are allocated to different retail formats. These costs are apportioned in the ratio of numbers of units consumed by each retail format. The number of units consumed by each format is given in the table below

Retail format

Red

Yellow

Green

Violet

Online

200

50

50

50

Super market

65

20

21

21

Book store

10

30

9

9

Total

275

100

80

80

Read the following statements.

I. online store accounted for 50% of the sales at B and C and the ration of super market sales and book store is 12

 II. initial cost is allocated in the ratio of sales

If you want to calculate the profit/loss from the different retail formats, then

(a) statement I alone sufficient to calculate the profit/loss

(b) statement II alone sufficient to calculate the profit/loss

(c) both statements I and II are required to calculate the profit/loss

(d) either of the two statements is sufficient to calculate the profit/loss 


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