Assertion (A): At times, a business may face the situation where it has to shut down its operations. Reason (R): If the revenue is less than its variable cost, the operation should be closed down.  

List-I List-II a) Net Income Approach i) Inventory management b) Gordan Model ii) Capital budgeting c) Internal rate of return iii) Capital structure theory d) Reorder level iv) Dividend theory

Assertion (A): According to Net Income (NI) approach, capital structure decision is relevant in the valuation of firm. Reason (R): A firm can change its total value and its overall cost of capital by change in the degree of leverage in its capital structure.      

a) Time disparity b) Cost disparity c) Life disparity d) Volume disparity Choose the correct combination of situations:  

a) To receive remuneration b) To attend Board of Directors’ meetings c) To attend the General meeting d) To visit the branch office Choose the correct option: