Study For Buddies: FY Semester 2 MCQS
Showing posts with label FY Semester 2 MCQS. Show all posts
Showing posts with label FY Semester 2 MCQS. Show all posts

Friday, June 4, 2021

INDIAN ECONOMIC POLICY AND PLANNING - MARCH 2015

June 04, 2021 0
INDIAN ECONOMIC POLICY AND PLANNING - MARCH 2015
F.Y B.COM
SEMESTER - 2

INDIAN ECONOMIC POLICY AND PLANNING
(IEPP)
MCQS - MARCH 2015

1. National Food Security Mission had target of producing ______ million tons additional food grains by end of 2011-12.

A. 10
B. 20
C. 25
D. 5

2. E-choupal is an initiative by

A  Public sector
B. Mixed sector
C. Private sector
D. None of the above

3. Statistical data is part of

A. Objectives of planning
B. Pre-requisites of planning
C. Nature of Planning Economy
D. Need for planning

4. Which of the following is one of the district of IADP

A. Hinddon
B. Hardol
C. Thanjavar
D. Khurja

5. Productivity of Agriculture is measured in terms of

A. Yield per 10 hectare
B. Yield per hectare
C. Yield per 1000 hectare
D. Yield per 100 hectare

6. A household is considered Multidimensionality poor (or MPl poor), If the total of weighted depreciation is equal to

A. 1/2 or more 
B. 1/5 or more
C. less than 1/5
D. 1/3 or more

7. NITI Aayog is formulated on __________

A. Dec 2014
B. Feb 2015
C. Dec 2013
D. Jan 2015

8. Which one of the following is not an indicator used to calculate the Multidimensional poverty index

A. GDP per capital
B. floor 
C. Drinking Water
D. Assets ownership

9. Probability at birth of not surviving to age 40 is associated with

A. HDI
B. HPI-I
C. MPI
D. HPI-2

10. (i) HDI is composite index
(ii) Under HDI (OLD) maximum value of Adult Literacy Rate

A. Both (i) and (ii) are true
B. (i) is true and (ii) is false
C. (i) is false and (ii) is true
D. Both (i) and (ii) are false

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INDIAN ECONOMIC POLICY & PLANNING

June 04, 2021 0
INDIAN ECONOMIC POLICY & PLANNING
F.Y B.COM
SEMESTER - 2

INDIAN ECONOMIC POLICY & PLANNING
(IEPP)
MCQS

1. AGMARK is:

a) cooperative for egg production
b) regulated agricultural market
c) farmers cooperative 
d) Quality guarantee stamp for agricultural & allied commodities

2. Cooperative Credit Societies Act, was enacted in the year:

a) 1914 
b) 1904 
c) 1924 
d) 1934

3. The Food Corporation of India was established on:

a) 01.01.1965 
b) 01.06.1960 
c) 01.01.1966 
d) 01.01.1970

4. Generally an economy is considered under developed if:

a) The production techniques are backward
b) Agriculture is the main occupation of the people and productivity in agriculture is quite low
c) Neither (a) nor (b) 
d) Both (a) and (b)

5. The share of agriculture in country’s national income has ______ over the years.

a) Decreased
b) Increased
c) Remain constant
d) Varied

6. The area under irrigation has ________ over the years.

a) Decreased
b) Increased
c) Remain constant
d) Varied

7. The Green Revolution is also known as:

a) Pulses Revolution
b) Milk Revolution
c) Mangoes Revolution
d) Wheat Revolution

8. Economic Growth is......

a) A long run & continuous process when the national income & per capital income increases over time
b)  A short run & continuous process when national income and per capital income increases over time
c) A long run process when national income and per capital income Decreases over time 
d) A long run and continuous process when the national income and per capital income decreases over time 

9. Developing Economy refers to...

a) Those economies, which is developed. b) Those economies, which developed.
c) Those economies, which are fully developed nor under developed.
d) Those economies, which is developed.

10. “IFCI” stands for: 

a) Industrial Food Corporation of India 
b) Intellectual Fertility Council indonesia
c) Industrial Fertilizer Committee India
d) Industrial Finance Corporation India

11. Green Revolution gets a kick-start with 

a) Intensive Agro-District Programme in 1960-1961
b) Opening of 19 Central Land Development Banks
c) Formation of National Agriculture Co-operative Marketing Federations
d) All of the above

12. NABARD was established in: 

a) July 1980
b) July 1982
c) December 1980
d) December 1982

13. Following are the Central Organizations for Irrigation except...

a) The Central Water Commission
b) The Central Board of irrigation and power
c) The Central Board of Power and Fuel 
d) The Central Water and Power research stations

14. NABARD has now taken up the functions of.......

a) Regional Rural Banks
b) Agricultural Refinance and Development Corporation
c) Refinancing activities of RBI in respect of co-operative banks
d) All of the above

15. If the rate of growth of population is greater than the rate of growth of national income, per capital income

a) Rises 
b) Remains same 
c) Falls 
d) Can't Say

16. Which of the following is the apex bank for agriculture credit in India?

a) RBI 
b) NABARD 
c) IDBI 
d) ICICI

17. Which of the following statements is correct?

a) Nearly 5% population of India is below poverty line.
b) Agriculture occupies 10% population of India.
c) The production techniques are backward
d) None of the above

18. Agriculture sector faces the problem of.......

a) Inadequate and incomplete land reforms
b) Inadequate finance
c) Slow and uneven growth 
d) All of the above

19. Over the time in a country, changes in the average standard of living are measure by.....

a) real per capital income 
b) real wage rates
c) money incomes 
d) share of labour in income

20. A growing country is one with:

a) rising GNP at constant prices 
b) rising GNP at current prices
c) constant GNP at constant prices
d) none of the above

21. Per capital income rises when:

a) GNP and population both increases at the same rate
b) GNP and population both decrease
c) GNP increase faster than population
d) GNP increases slower than population

22. For a study of the long term growth of the economy we use:

a) real GNP
b) money GNP 
c) personal GNP
d) Disposable income

23. The true index of economic growth is.....

a) an increase in the per capita income at constant prices
b) an increase in the national income at constant prices
c) an increase in the gross domestic product at constant prices
d) an increase in the gross domestic product at current prices

24. An accounting year in India is a...

a) fiscal year 
b) calendar year
c) leap year 
d) saka year

25. Which of the following is not one of the main aims of Land Reforms in India?

a) State controls the means of production
b) To redistribute agriculture land in favour of the less privileged classes
c) To make more rational use of the scarce land resource
d) None of the above

26. Land Reforms provide.....

a) Finance for setting up tube-wells
b) incentives and encouragement to land owners
c) Incentives and encouragement to actual tillers 
d) None of the above

27. Land Development banks provide credit to farmers for:

a) Long term needs 
b) Medium term needs
c) Short term needs 
d) Very short term needs

28. The scope of land reforms does not include.......

a) Housing loans to farmers
b) Cooperative farming
c) Consolidation of land holdings
d) It includes all of the above

29. Small scattered and fragmented land holdings....... 

a) Increase productivity
b) Improve productivity
c) Reduce productivity 
d) Increase labour efficiency

30. Land Reforms in India are require because......

a) Output level will undoubtedly rise
b) Under present arrangements fairness have little incentive to improve productivity
c) There is grave in equality in distribution of land 
d) Both b) & c) above

31. The basic purpose of introducing land reforms has been adversely affected due to.......

a) Poor Implementation
b) Shortcomings in Legislation
c) Neither a) nor b) above 
d) Both a) & b) above

32. Land Reforms refer to which of the followings.......

a) Tenancy Reforms 
b) Ceilings on Land Holdings
c) Abolition of Intermediaries 
d) All a), b) & c) above

33. What is IRDP?

a) Integrated Rural Development Programme
b) Industrial Ruling & Developing Programme
c) India’s Rural Development Programme
d) India’s Rain Drop Programme

34. At present, the largest source of national income in India is ______

a) Service sector 
b) Agriculture sector 
c) Trade 
d) Secondary sector

35. Capital formation is defined as ________

a) increase in savings
b) increase in income
c) increase in demand
d) addition to the stock of capital

36. Which of the following comes under plantation crop?

a) wheat 
b) pulses 
c) coffee 
d) vegetables

37. Long term unemployment comes in _______

a) HDI 
b) GDI
c) HPI - 1 
d) HPI - 2

38. Which development index does not consider income as one of the component?

a) HDI 
b) PQLI 
c) RPCI 
d) GDI

39. Infant mortality rate is one of the components of _________

a) HDI 
b) HPI - 1
c) PQLI 
d) GDI

40. In the construction of HDI, the income level is adjusted with ______

a) exchange rate 
b) purchasing power parity
c) wholesale price index 
d) consumer price index

41. Which of the following index measures level of deprivation _______

a) PCI 
b) PQLI 
c) HDI 
d) HPI

42. Which of the following captures gender inequality? 

a) HDI 
b) HPI 
c) GEM
d) GDI  
 
43. Which of the following captures gender opportunities? a

a) GDI
b) HPI 
c) GEM
d) HDI

44. P3 is associated with 

a) GDI
b) HPI
c) HDI
d) PQLI

45. Gross combined enrollment ratio gets the weight in constructing educational index.

a) 1/2 
b) 2/3
c) 1/3
d) 3/3

46. In green Index, the no. of components are __________

a) 2
b) 3 
c) 4 
d) 5

47. Economic development is a _______

a) continuous & long term process 
b) sudden & spontaneous process
c) continuous rise in material production
d) continuous rise in PCI

48. Sustainable development takes care the generations of ______

a) present 
b) future 
c) past 
d) present & future

49. Demographic transition depends on _________

a) deaths 
b) birth of children 
c) birth & death rates 
d) life expectancy

50. In which year Indian Council of Agricultural Research was set up

a) 1965 
b) 1960 
c) 1963 
d) 1958

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INDIAN ECONOMIC POLICY AND PLANNING - FEBRUARY 2020

June 04, 2021 0
INDIAN ECONOMIC POLICY AND PLANNING - FEBRUARY 2020
F.Y B.COM
SEMESTER - 2

INDIAN ECONOMIC POLICY AND PLANNING
(IEPP)
MCQS - FEBRUARY 2020

1. One of the following is not the type of economic system

A. Communist economic system
B. Capitalist economic system
C. Socialist economic system
D. Nationalist economic system

2. Identify the following statements as true:

I. planning is a technique and means to attain pre-defined objectives.
II. Planning is made to answer crucial questions of production and allocation.
III. Planning is independent, autonomous and nobody is responsible for it.
IV. Planning is celebrate control by powerful monopolist in the market.

A. I, II, III, IV
B. I, II
C. I, II, IV
D. I, lII, IV

3. During the first three decades of planning the rate of economic growth was less than ________%

A. 7
B. 6 
C. 5
D. 4

4. Import substitution and production of import goods in the country will promote ________.

A. Reduction in surplus
B. Equality of distribution
C. Optimum use of scarce resources
D. Self-reliance and economic growth

5. India became self-sufficient in the food grains production in the beginning of _______ plan.

A. Third five year plan 66 plan 
B. First five year plan 51-56
C. Sixth five year plan 16-I
D. Fifth five year plan 7-76

6. One of the following is not the objective of economic planning.

A. Social justice
B. Reduction of employment
C. Elimination of poverty 
D. Economic growth and monetization

7. The concept of disguised unemployment is opposite to

A. Sinful employment 
B. Purposeful employment 
C. Gainful employment 
D. Balanced unemployment

8. The Planning commission of India is replaced by

A. Jan Aayog 
B. National Institution for Transforming India 
C. Finance Commission of India 
D. Lok Pal

9. One of the following is not a prerequisite for the mixed economic system.

A. Direct and indirect control by public authority
B. Planning for private and public investment
C. Imposition of economic goals on the country
D. State intervention in the market

10. Which of the following statements are true regarding economic growth and economic development

I. Economic growth means more output and income; economic development means multi-dimensional progress.
II. Economic development requires technical and institutional arrangement; economic growth Requires sound economic structure.
IlI. Both economic development and economic growth widen choice of individuals.

A. l and II
B. Il and IlI
C. I and IlI
D. I, II and lll

11. Sustainable development means

A. Stop fertility of soil
B. Save animal and human resources
C. Conserve resources for future 
D. Reduce economic growth for future development

12. United Nations has created a new set of National Account for sustainability popularly known as

A. White GDP account 
B. Blue GDP account 
C. Red GDP account 
D. Green GDP account

13. If general level price of commodities and services decrease

A. Real per capital income will increase but nominal per capital income will remain same
B. Real per capital income will decrease but nominal per capita income will rise
C. Both real and nominal per capital income will increase
D. Difference in composition of population

14. International comparison of per capital income is inaccurate due to

A. Non viability of methods to measure per capital income
B. Problem of conversion of one currency into another
C. Different standard of living among countries
D. Both real and nominal per capital income will decrease

15. In order to measure Human Development Index one of the following measures are not required

A. Life expectancy at birth
B. Average years of schooling
C. Rate of survival at age
D. Real GDP per capital

16. Mach the following statements

a. High yielding variety of seeds

1. Seven districts

b. Intensive area development programme

2. Weakness of Green Revolution

c. Release of National Agriculture Policy Document

3. Features of Green Revolution

d. Undesirable social consequences

4. Second Green Revolution


A. (a-II), (b-I), (c-IV), (d-II)
B. (a-II), (b-I), (c-IV), (d-I)
C. (a-II), (b-III), (c-IV), (d-I)
D. (a-IV), (b-III), (c- II), (d-I)

17. One of the following is not a type of disaster

A. Afforestation
B. Tsurumi
C. Earth quake
D. Typhoon and Hurricane

18. Modem disaster management cannot be approached through

A. Mitigation 
B. Litigation
C. Readiness 
D. Response and recovery

19. One of the following is not a non-institutional source of rural credit

A. Money lenders 
B. Wealthy traders 
C. Cooperatives 
D. Land lords and commission agents

20. Following statements are true regarding the features of Co-operative society:

I. Co-operative credit societies are movement sponsored and run on no profit no loss basis.
Il. Co-operative constitutes only a small portion of total borrowing by the farmers.
Ill. Most of the co-operative societies are financially weak and overdoes are increasing.

A. only I and II 
B. I, Il and lII
C. only I and Ill 
D. only II and III

21. In order to mitigate rural indebtedness, the government should not ______

A. Reduce dependence on money lenders
B. Go for settlement of old debts
C. Reduce the scope and areas of borrowing by Non-Bank Financial Institutions
D. Give substantial assistance to farmers

22. Blue revolution is a concept related to

A. Growth of horticulture
B. Growth of food crops
C. Growth of aquaculture and marine resources
D. Growth of oil seed

23. Primary Agriculture Credit Societies are normally located in ________

A. Large towns 
B. Cosmopolitan cities
C. Small towns
D. Villages

24. The term Marginal Farmers' means

A. Farmers having small plot of land
B. Farmers on the brink of rivers
C. Farmers who are located in urban arcs
D. Farmers who are very rich

25. In order to mitigate the debt burdens of the farmers, the government should ________

A Give subsidies to the farmer's
B. Reduce interest rates 
C. Wave off the loans
D. All of the above

26. One of the following is not a government scheme

A. Pradhan Mantri Fasal Bima Yojana 
B. Paramparagat Krishi Vikas Yojana
C. Soil Health Card Scheme
D. Pradhan Mantri Bonomi Sadhu Sam gam

27. MSP in the context of the agriculture means

A. Maximum Support Price
B. Minimum Support Price
C. Maximum Support Price
D. Men Support Price

28. Full form of APL is

A. Adjusted Poverty Line 
B. above Poverty Line 
C. Amicable Poverty Line 
D. Anti-Poverty Line

29. Public Distribution System does not _______

A. Protect rich people to purchase goods B. Protect low income groups
C. Cause equal distribution of income
D. Regulate essential prices

30. One of the following item is not included in MSP

A. Wheat
B. Lentil 
C. Virginia Flu Cured Tobacco
D. Sugar

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INDIAN ECONOMIC POLICY AND PLANNING - MCQS

June 04, 2021 0
INDIAN ECONOMIC POLICY AND PLANNING - MCQS
F.Y B.COM
SEMESTER - 2

INDIAN ECONOMIC POLICY AND PLANNING
(IEPP)
MCQS 

1. Economic development is ________

A. Narrow process
B. Unilateral process
C. Cooperative process
D. Multidimensional process

2. Economic development is 

A. Qualitative aspect
B. Narrow aspect
C. Quantitative aspect
D. None

3. Planning, direction and regulation of government is required in ________

A. Economic growth
B. Economic population
C. Economic development
D. None of these 

4. There can be a _______ without _______

A. Development, development
B. Growth, development
C. development, Growth
D. growth, growth

5. Sustainable development was first used by ________

A. World Bank
B. ASIAN Bank
C. World Conservation Strategy
D. NABARD Bank

6. Which one of followings is correct with reference to sustainable development

A. Development should be ongoing
B. It puts emphasis on intra and inter generational justice
C. It tires to maintain quality of life of both present and future generation
D. all of these

7. Find odd one out 

A. Income Index
B. PQLI
C. Income tax index
D. HDI

8. The share of agriculture in country's national income has _________ 

A. Decreased 
B. Increased
C. Varied
D. Remain constant

9. The Green revolution is also known as _______

A. Pulses revolution
B. Milk revolution
C. Mangoes Revolution 
D. Wheat Revolution

10. ______ was a programme, of using modern inputs, modern technology & intensive Technique of cultivation.

A. IAAP
B. HYVP
C. NAS
D. IADP
 
11. The system of raising more than one crop in a year on by rotation is know as 

A. Multiple cropping system
B. Crop rotation system
C. (a) & (b) both
D. None of the above 

12. Post-Green Revolution means _______

A. 1960-61 to 1980-81
B. 1954-55 to 1996-97
C. 1949-50 to 1964-65
D. None 

13. Pre-Green Revolution means _______

A. 1960-61 to 1980-81
B. 1954-55 to 1996-97
C. 1949-50 to 1964-65
D. None 

14. Green Revolution gets a kick-start with ________

A. Intensive agro - district programme in 1960-9161
B. Opening of 19 Central - land Development Banks.
C. Formation of national agriculture co - operative Marketing Federations.
D. All of the above 

15. During 1949-50 to 1964-65 the annual growth rate of all food grains was _______

A. 2.67
B. 3 
C. 3.7 
D. 3.2

16. During 1964-65 to 2003-04. the annual growth rate of all food grains was ______

A. 2.3 
B. 3.5 
C. 3.7 
D. 3.2

17. During 1964-65 to 2003 - 04, the annual growth rate of wheat was _____

A. 4.1
B. 1.4
C. 4.2 
D. 4.7 

18. During 1949-50 to 1964-65, the annual growth rate of all crops was ______

A. 3.2
B. 3.1
C. 2.6
D. 3.3

19. During 1964 - 65 to 2003 - 04, the annual growth rate of all Crops was _______

A. 3.2
B. 3.1
C. 2.6
D. 3.3

20. IADP denots Intensive Agriculture ________ Programme.

A. State
B. Central 
C. Distract
D. Area

21. IADP was introduced in _______

A. 1947-48
B. 1951-52 
C. 1971-72
D. 1960-61

22. IAAP denotes Intensive Agriculture _______ Programme

A. State
B. Central
C. Distract 
D. Area

23. IAAP was introduced in ________

A. 1960
B. 1950 
C. 1964
D. 1990

24. HYVP denotes High Yield ______ Programme.

A. Agriculture 
B. Variety 
C. Valuable
D. None

25. Both the programmes IAAP & HYVP taken together is known as _______

A. IADP
B. IAVP
C. UNDP
D. NAS

26. NAS denotes New _____ Strategy

A. Agricultural
B. Industrial
C. Social
D. Economic

27. Due to adoption of NAS during the period of _______ to _______ there was a sudden and sharp increase in food production.

A. 1970 to 1975
B. 1965 to 1970
C. 1960 to 1965
D. None of the above 

28. One of the general factors for low productivity in Indian agriculture is due to ___________

A. poor techniques
B. size of holdings
C. inadequate irrigation
D. over crowding

29. One of the institutional factors for low productivity in Indian agriculture is due to.

A. land holding size
B. rural atmosphere 
C. over crowding 
D. rainfall

30. Wider application of technology in Indian agriculture relates to the period of ________

A. 1969-80
B. 1970-80
C. 1980-90
D. 1990-2000

31. India borrowed green revolution from _________

A. USA
B. Mexico 
C. Australia 
D. Canada

32. Green Revolution preceded by _________

A. IRDP
B. IADP
C. IRDP
D. ICAR

33. Full form of SFCl is __________.

A. State Finance Corporation of India
B. Seeds & Fertilisers Corporation of India
C. Seeds Fund Corporation of India
D. State Farms Corporation of India

34. The impact of green revolution does not include ________

A. increase in inequality
B. increase in rural income
C. increase in productivity
D. improvement in environmnent

35. Which of the following Crops not much benefited by GR _____

A. wheat
B. pulses
C. Potato
D. Sugarcane

36. Human well being is measured by:

A. CPI: Consumer Price Index
B. HRI: Human Resource Index
C. HDI: Human Development Index
D. HSB1: Human Socio-Benefit Index

37. Human Development Index was developed by the :

A. UNDP
B. WTO
C. Word bank 
D. UNO

38. As per latest report of UNDP, India's HDI ranking is out of 177 countries.

A. 120th rank
B. 125th rank 
C. 134th rank
D. 130th rank

39. Economic Growth is........

A. A long run & continuous process when the national income & per Capital income increases over time
B. A short run & continuous process when the national income & Capital income increases overtime
C. A long run process when national income and per capital income decreases over time.
D. A long run & continuous process when the national income & per capital income decreases overtime

40. Developing Economy refers to......

A. Those economies, which is developed
B. Those economies which are fully developed nor under developed
C. Those economies, which is developed
D. Those economies, which developed.

41. If the rate of growth of population is greater than the rate of growth of national income, per Capital income

A. Rises
B. Remains same
C. Falls
D. Can't Say

42. Which of the following statements is correct?

A. Nearly 5% population of India is below poverty line
B. Apiculture occupies 10% population of India
C. The production techniques are backward
D. None of the above

43. Over the time in a country, changes in the average standard of living are measure by.

A. Real per capital income
B. Real wage rate
C. Money incomes
D. Share of labour in income

44. Per capital income rises when:

A. GNP & population both increases at the same rate
B. GNP & population both decrease
C. GNP increase faster than population
D. GNP increase slower than population

45. For a study of the long term growth of the economy we use:

A. Real GNP
B. Money GNP
C. Personal GNP 
D. Disposable income

46. The commonly accepted measure of economic growth is.......

A. An increase in the national income
B. An increase in the gross domestic product
C. An increase in the real per capital gross domestic product/per capita income
D. An increase in the national income with a corresponding increase in population

47. The true index of economic growing is

A. an increase in the per capital income at constant prices
B. an increase in the national income at constant prices
C. an increase in the gross domestic product at constant prices
D. an increase in the gross domestic product at current prices

48. Third world countries are called ________

A. Developed
B. developing
C. Backward
D. none

49. Economic growth has reference to which of the country?

A. Developing
B. Underdeveloped 
C. Developed 
D. none

50. Economic development has reference to which of the following countries?

A. Shrilanka
B. America
C. Russia
D. Germany

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Wednesday, June 2, 2021

FUNCTIONAL MANAGEMENT - MCQS

June 02, 2021 0
FUNCTIONAL MANAGEMENT - MCQS
F.Y B.COM
SEMESTER - 2

FUNCTIONAL MANAGEMENT
(FM)
MCQS - FEBRUARY 2016

1. 14 General principles of management are given by:

A. Henry Fayol 
B. Stanley Vance
C. F.w. Taylor 
D. M.C. Farland

2. Creativity, personal skills, goal oriented are the features of __________.

A. Science
B. Art
C. Profession 
D. None of these

3. _______ may be defined as an occupation for which specialized knowledge, skills and training are required and the use of these skills are not used for self-satisfaction but for interests of the society.

A. Art
B. Profession
C. Management
D. Science

4. Each group of activities with the same objective having one head one plan is the principal of _______

A. Unity of command
B. Authority and responsibility
C. Division of work
D. Unity of Direction

5. Operative functions of personnel management includes:

A. The procurement
B. The development
C. The maintenance 
D. All of these

6. "Scientific management is concerned with knowing exactly what you want men to do and then see in that they do it in the best and cheapest way". This was defined by ________.

A. Henry Fayol
B. Stanley Vance
C. F. W. Taylor
D. M.C. Farland

7. The different techniques covered under inventory control are:

A. ABC Analysis
B. EOQ Analysis
C. (a) & (b) both
D. None of these

8. The secondary function of material management does not include _________

A. Design and development of the product
B. Make and buy decisions
C. Departmental efficiency
D. Coding and classification of material

9. The full form of MRP is _______

A. Market Rate Price
B. Money Rate Price
C. Materials Requirements Planning
D. Material Rating Planning

10. Edwood Buffa defines ______ as "A process by which goods and services are created".

A. Material
B. Inventory 
C. Production
D. Personnel management

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