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Management International Finance And Treasury Difficulty: Medium

Statement I $$overline X $$ chart, and chart and R chart are the techniques used for product control under statistical quality control. Statement II Operating characteristic curve helps determine whether a particular acceptance sampling plan meets both the product's and the consumer's risk requirements. Which of the following statements are not true in relation to employment of contract labour in any establishment? 1. Supreme Court can abolish contract labour system in any establishment. 2. High Court can abolish contract labour and prohibit the principal employer from engaging contract labour where the government has not abolished the same. 3. An appropriate government and not the court can prohibit the employment of contract labour as per the provisions of law. 4. Neither the court nor the appropriate government can abolish the contract labour in any establishment. Product layout is used when Match the following. List-I (Degree of Correlation) List-II (Measurement) a. No correlation 1. 0 b. Perfect correlation 2. +1 c. Moderate correlation 3. 0.6 - 0.75 d. Very high correlation 4. 0.9 or more A tax of 20% unit of imported cheese would be an example of a(an)