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Commerce Accounting Difficulty: Medium

Which of the following statement(s) is/are correct? 1. A functional structure often leads to the development of small organisations around individuals. 2. Product departmentalisation is when the emphasis is placed on the product. 3. Project organisation is a provisional arrangement which involves fairly long time period. Indicate the true statement. Which of the following statement(s) is/are correct? Statement I Lack of proper management results in wastage of time and resources. Statement II Management establishes a sound organisation by allocating the work to individuals. Statement III Management is a science but not art. When coefficient of skewness in negative Section 111A is applicable in case of STCG arising on transfer of the following which are transferred on or after 1 st October 2004 in are cognised stock exchange and such transaction is liable to securities transaction tax (STT).