CUET CUET Business Studies 2024 - Only a 5% increase in labour cost may be more troublesome than a 15% increase in postal charges.' Identify the concept pointed out in the direction. | PYQs + Solutions

CUET Business Studies 2024

Business Studies

Controlling

Medium

Only a 5% increase in labour cost may be more troublesome than a 15% increase in postal charges.' Identify the concept pointed out in the direction.

Deviation

Critical point control

Break-even analysis

Critical path method

Correct Option: 2

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Deviation → Variation from expected results.

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Critical point control → Managing key performance thresholds.

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Break-even analysis → Assessing profit vs. costs.

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Critical path method → Scheduling project tasks efficiently.

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Critical point control is highlighted here because it emphasizes the importance of monitoring specific cost increases, like labor, that can significantly impact overall operations compared to other costs, such as postal charges.

CUET Business Studies 2024 PYQs

Only a 5% increase in labour cost may be more troublesome than a 15% increase in postal charges.' Identify the concept pointed out in the direction.

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