{"id":46779,"date":"2024-04-15T22:17:16","date_gmt":"2024-04-15T22:17:16","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=46779"},"modified":"2024-04-15T22:17:16","modified_gmt":"2024-04-15T22:17:16","slug":"directions-in-each-of-the-following-questions-a-statement-is-given-followed-by-three-conclusions-give-answer-statement-the-company-has-decided-to-increase-the-price-of-all-its-products-to-tack","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/directions-in-each-of-the-following-questions-a-statement-is-given-followed-by-three-conclusions-give-answer-statement-the-company-has-decided-to-increase-the-price-of-all-its-products-to-tack\/","title":{"rendered":"Directions : In each of the following questions a statement is given, followed by three conclusions. Give answer : Statement : The company has decided to increase the price of all its products to tackle the precarious financial position. Assumptions : I. The company may be able to wipe out the entire losses incurred earlier by this decision. II. The buyers may continue to buy its products even after the increase. III. The company has adequate resources to continue production for few more months."},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a9736c173887\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"false\">\r\n                    Only I and III are implicit                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    Only II is implicit                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"true\">\r\n                    Only II and III are implicit                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    None is implicit E. None of these                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is: Only II is implicit.<\/p>\n<p>The statement says that the company has decided to increase the price of all its products to tackle the precarious financial position. This means that the company is currently in a financial crisis and is trying to improve its situation by increasing its prices. However, this does not mean that the company will be able to wipe out its losses or that buyers will continue to buy its products even after the price increase. It is possible that <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> the company will not be able to increase its prices enough to cover its losses, or that buyers will stop buying its products because of the price increase. Therefore, only assumption II is implicit in the statement.<\/p>\n<p>Assumption I is not implicit because the statement does not say anything about the company&#8217;s ability to wipe out its losses. Assumption III is not implicit because the statement does not say anything about the company&#8217;s resources.<\/p>\n<p>Here is a more detailed explanation of each assumption:<\/p>\n<ul>\n<li>Assumption I: The company may be able to wipe out the entire losses incurred earlier by this decision.<\/li>\n<\/ul>\n<p>This assumption is not implicit because the statement does not say anything about the company&#8217;s ability to wipe out its losses. The statement only says that the company has decided to increase the price of its products to tackle its precarious financial position. It does not say anything about whether or not the company will be able to increase its prices enough to cover its losses.<\/p>\n<ul>\n<li>Assumption II: The buyers may continue to buy its products even after the increase.<\/li>\n<\/ul>\n<p>This assumption is implicit because the statement says that the company is trying to improve its financial situation by increasing its prices. This means that the company believes that buyers will continue to buy its products even after the price increase.<\/p>\n<ul>\n<li>Assumption III: The company has adequate resources to continue production for few more months.<\/li>\n<\/ul>\n<p>This assumption is not implicit because the statement does not say anything about the company&#8217;s resources. The statement only says that the company has decided to increase the price of its products to tackle its precarious financial position. It does not say anything about whether or not the company has adequate resources to continue production for few more months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[721],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Directions : In each of the following questions a statement is given, followed by three conclusions. Give answer : Statement : The company has decided to increase the price of all its products to tackle the precarious financial position. Assumptions : I. The company may be able to wipe out the entire losses incurred earlier by this decision. II. The buyers may continue to buy its products even after the increase. III. 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