Question
Statement: A huge blast took place in a cracker
company while workers were loading the explosives into the loaders. Courses of Action: I. These workers should be terminated and new workers should be hired. II. Proper training on “How to handle these kinds of explosives” should be provided to the company's workers. III. Workers should be fined a hefty amount so that the same event does not occur in the future. In each question below is given a statement followed by three courses of action numbered I, II, and III. You have to assume everything in the statement to be true and on the basis of the information given in the statement, decide which of the suggested courses of action logically follow(s).Solution
For 1st course of action i.e. these workers should be terminated and new workers should be hired. This does not follow as we cannot assure that the new workers will not commit any mistake. For 2nd course of action i.e. proper training on “How to handle these kinds of explosives” should be provided to the workers of the company's workers. This is a correct action to be followed as training workers will decrease the chances of any future mishappening. For 3rd course of action i.e. workers should be fined a hefty amount so that the same event does not occur in the future. This does not follow as we cannot assure that penalising workers will ensure not happening of these kinds of events in the future.
___________ may fix remuneration of the first auditor appointed by the Board as per section 142 of the Companies Act
A company wants to list on the Bombay stock exchange. Which of the following processes will result in this?
The section of the companies Act, 2013 which contains provisions regarding remuneration of the auditor is:
What does the term "NEFT" stand for in the context of Indian banking?
As per the Indian Accounting Standards, a company enters into a lease for a building for 9 years, and the building's useful life is 10 years. The contra...
What are the reasons for differences between the bank balance and book balance?
If a government grant is received but later becomes refundable, how should it be accounted?
A company is offered a trade credit term of "2/10 net 30" by its supplier. If it doesn't take the discount, what is the annualized cost of forgoing the ...
If an MSME moves to a higher category due to reclassification, for how many years can it continue to avail benefits of the previous category (non-tax be...
Which strategic response approach to the environment, does the following statement relates to?
They seek to monitor the changes in that environme...