Bisiness Communication - 02

Multiple Choice Multiple Answer
Question
What is B2C?
Correct Answer
Business to consumer , It is an internet domain , It is useful for products and services when shopper's aim is convenience and buyer's aim need information about product features and prices
Your Answer
Business to consumer , It is an internet domain , It is useful for products and services when shopper's aim is convenience and buyer's aim need information about product features and prices

Select The Blank
Question
In the body of the message________ paragraph attracts the attention of the reader.
Correct Answer
Opening
Your Answer
Opening

Multiple Choice Multiple Answer
Question
Objectives of Communication are
Correct Answer
Information , Motivation , Education
Your Answer
Information , Motivation , Education

Multiple Choice Single Answer
Question
It is the most important part of any letter
Correct Answer
Body
Your Answer
Body

Multiple Choice Single Answer
Question
The most effective way of communication
Correct Answer
Written
Your Answer
All of above

True/False
Question
Snap reaction is a type of physical barrier
Correct Answer
False
Your Answer
False


Multiple Choice Multiple Answer
Question
Treat everyone as important and
Correct Answer
Do not underestimate them , Understand them
Your Answer
Do not underestimate them , Understand them , Complain about them

Multiple Choice Single Answer
Question
It can be used as legal record which may be used in the court of law
Correct Answer
Written communication
Your Answer
Written communication

True/False
Question
House journals are a type of oral communication.
Correct Answer
False
Your Answer
False

True/False
Question
Poor eyes limit your deeds.
Correct Answer
False
Your Answer
False

Match The Following
Question
Correct Answer
Your Answer
Inward address
Receivers address
Receivers address
Head Address
Senders Address
Senders Address
Written Communication
Non- Direct communication
legal evidence
Business letter
legal evidence
Non- Direct communication
Outward Number
Further reference
Further reference






True/False
Question
Memorandums cannot be structured in email system.
Correct Answer
False
Your Answer
False

True/False
Question
Visual aids are used to emphasize the most vital points of the presentation
Correct Answer
True
Your Answer
True

Select The Blank
Question
________ is an example of psychological noise
Correct Answer
Egotism
Your Answer
Illness

True/False
Question
Management can function smoothly without Communication
Correct Answer
False
Your Answer
False

True/False
Question
By trying to identify potential problems at the onset, it becomes possible to prevent many more in near future
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
The various occasions of presentations are
Correct Answer
Training session , Conference , Presenation of new business plans
Your Answer
Training session , Conference , Presenation of new business plans
Select The Blank
Question
________ means that the future must be seen and communicated to the team
Correct Answer
Vision
Your Answer
Vision

Multiple Choice Single Answer
Question
What should be the place of inside address in the layout of the letter?
Correct Answer
Below the outward number
Your Answer
Below the outward number

Multiple Choice Single Answer
Question
The beginning of a presentation has
Correct Answer
Outline of the presentation
Your Answer
Main body of presentation is broken into points

Multiple Choice Multiple Answer
Question
Resting your forearm on the table gives the impression of being
Correct Answer
Distressed , Uninterested , Indifferent
Your Answer
Distressed , Uninterested , Indifferent
Multiple Choice Single Answer
Question
Barrier for written communication can be
Correct Answer
Language
Your Answer
Language

Select The Blank
Question
A transparency should have________lines
Correct Answer
25-30
Your Answer
25-30
Match The Following
Question
Correct Answer
Your Answer
Motivation
and communication are two sides of the same coin
and communication are two sides of the same coin
Physical noise
The external sounds that distract the comunicator
The external sounds that distract the comunicator
Noise
One of the greatest sources of communication failure
One of the greatest sources of communication failure
Relational Message
It indicates how sender and receiver feel about each other
helps to complete the communication cycle
Multiple Choice Single Answer
Question
It is very useful in collecting dues from customers
Correct Answer
Business letters
Your Answer
Business letters

Multiple Choice Single Answer
Question
This number can be used in further correspondence for ready reference.
Correct Answer
Outward
Your Answer
Outward

Select The Blank
Question
Normally ________ address is written under the outward number.
Correct Answer
Inside
Your Answer
Inside

Select The Blank
Question
Whatever we feel deep within ourselves is immediately reflected in the ________
Correct Answer
Face
Your Answer
Face

Multiple Choice Single Answer
Question
A high score in Commitment to Continuous Self-Development indicates
Correct Answer
You are open to learning
Your Answer
You are analytical

Select The Blank
Question
Examples of environmental stress is ________
Correct Answer
Humidity
Your Answer
Humidity
True/False
Question
Manager communicates the vision of the company to his team mates
Correct Answer
True
Your Answer
True
Select The Blank
Question
The ________ number is essential to make entry in the register.
Correct Answer
Outward
Your Answer
Outward

Multiple Choice Multiple Answer
Question
What is B2B?
Correct Answer
Activities conducted on this are higher than B2C by 15-20 times , It is business to business , It is an internet domain
Your Answer
Activities conducted on this are higher than B2C by 15-20 times , It is business to business , It is an internet domain

Select The Blank
Question
Due to effective ________ the manager comes to know the hidden ability of his subordinates
Correct Answer
Communication
Your Answer
Communication

True/False
Question
Telesales is generating and qualifying new leads for closure by another sales channel.
Correct Answer
False
Your Answer
False

Multiple Choice Single Answer
Question
It makes communication easier
Correct Answer
Being friendly
Your Answer
Being friendly

Multiple Choice Single Answer
Question
Getting rid of non-essential task is one of the keys to
Correct Answer
Effective time management
Your Answer
Effective time management
Multiple Choice Multiple Answer
Question
The areas which help you to develop a mindset are
Correct Answer
Crystallize thinking , Develop sincere desire , Confidence
Your Answer
Crystallize thinking , Develop sincere desire , Confidence
Multiple Choice Single Answer
Question
An affective tool of motivation is
Correct Answer
Communication
Your Answer
Communication

Multiple Choice Single Answer
Question
Written communication is a
Correct Answer
Non-Direct Communication
Your Answer
Direct Communication

Multiple Choice Single Answer
Question
If a person taps his feet/foot it would mean
Correct Answer
Impatience
Your Answer
Impatience

Multiple Choice Single Answer
Question
Memorandums are usually initiated by
Correct Answer
Writer
Your Answer
Company head

Select The Blank
Question
________ are the greatest time waster for executives
Correct Answer
Interruptions
Your Answer
Interruptions

Multiple Choice Multiple Answer
Question
One is not able to time due to
Correct Answer
Lack of discipline , Negative attitude
Your Answer
Lack of motivation , Lack of discipline , Negative attitude
Multiple Choice Multiple Answer
Question
What is an attitude of Allness ?
Correct Answer
Sophisticated role , Snap reactions , Fear
Your Answer
Sophisticated role , Snap reactions , Fear

Multiple Choice Single Answer
Question
Message in a communication should be
Correct Answer
Brief
Your Answer
Brief

Multiple Choice Single Answer
Question
Prescience means
Correct Answer
Knowledge about the future
Your Answer
Knowledge of events within the company

Bisiness Communication - 1

Multiple Choice Single Answer
Question
Which factor mostly affects business decisions
Correct Answer
Information
Your Answer
Information

Select The Blank
Question
________ is doing yesterday's work today
Correct Answer
Procrastination
Your Answer
Procrastination

True/False
Question
Relationships have to be mutually beneficial and healthy to both the parties.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
Contingency planning is
Correct Answer
Setting aside a time to think and come up with a potential problem
Your Answer
Setting aside a time to think and come up with a potential problem

Multiple Choice Multiple Answer
Question
The vision should be based on
Correct Answer
Talents and dreams , Hopes and passion
Your Answer
Hopes and passion , Knowledge , Understanding

True/False
Question
The complimentary close of a letter must agree in tone with salutation.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
Discussion is defined as
Correct Answer
The interchange of ideas with a goal of finding the best solution to the problem , This is positive and healthy
Your Answer
The interchange of ideas with a goal of finding the best solution to the problem , This is positive and healthy

Match The Following
Question
Correct Answer
Your Answer
Achievements
Accomplishments
Accomplishments
Poor eyes
Limited eyesight
Limited eyesight
Poor vision
Llimited deeds
Llimited deeds
Seer
Spiritualist
Positive growth

True/False
Question
Progress reports are formal in nature.
Correct Answer
False
Your Answer
True

Multiple Choice Multiple Answer
Question
The activities included in written communication are
Correct Answer
Business Letters , Reports , Notices
Your Answer
Business Letters , Reports , Notices

Multiple Choice Single Answer
Question
Written communication is a
Correct Answer
Non-direct communication
Your Answer
Direct communication

Select The Blank
Question
Body of a letter is divided into ________ parts.
Correct Answer
3
Your Answer
3

Multiple Choice Multiple Answer
Question
Various kinds of disease caused from stress
Correct Answer
Heartbeat increase , Slow digestion
Your Answer
Heartbeat increase , Increase in perspiration , Slow digestion

Multiple Choice Multiple Answer
Question
What are technical reports?
Correct Answer
It differs from others in its subject matter , It is like the memorandum report , It is a highly specialised form of report
Your Answer
It differs from others in its subject matter , It is a highly specialised form of report

Multiple Choice Multiple Answer
Question
Qualities of a good listener
Correct Answer
Welcomes disagreement , Looks for areas of agreement
Your Answer
Welcomes disagreement , Looks for areas of agreement

Multiple Choice Single Answer
Question
Objectives of the letter can be known in one glance by reading the
Correct Answer
Subject
Your Answer
Subject

Multiple Choice Multiple Answer
Question
Head address is the
Correct Answer
Name , address and tel no of the sender of the letter
Your Answer
Name , address and tel no of the sender of the letter

Multiple Choice Multiple Answer
Question
Time management is
Correct Answer
Using time judiciously , Using time carefully and prioritising it
Your Answer
Using time judiciously , Using time carefully and prioritising it

Multiple Choice Single Answer
Question
This consists of the name and address of the person to whom the letter is being sent.
Correct Answer
Inside address
Your Answer
Inside address

Multiple Choice Single Answer
Question
What should go together ?
Correct Answer
Gesture and speech
Your Answer
Gesture and speech

True/False
Question
The shortcomings of oral communication has paved the way for use of written communication.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
The advantages of written communication are
Correct Answer
Accuracy , Can be recorded , Brevity
Your Answer
Accuracy , Can be recorded , Brevity

Select The Blank
Question
The greater the gesture the louder the ________
Correct Answer
Speech
Your Answer
Speech

Multiple Choice Multiple Answer
Question
Business letters can be useful in different ways like
Correct Answer
Legal evidence , Permanent information , Recovering dues
Your Answer
Legal evidence , Permanent information , Recovering dues

Select The Blank
Question
________ is the most remembered element in forming an impression of someone.
Correct Answer
Handshake
Your Answer
Eye contact

Match The Following
Question
Correct Answer
Your Answer
The handshake that conveys confidence is
Firm and dry
Firm and dry
Pounding the fist on table
Anger
Anger
Kind of non verbal communication
Eye contact
Body language
Clothing , hair, jewellery, cosmetics
Appearance
Appearance

Multiple Choice Single Answer
Question
Mechanical barriers are due to
Correct Answer
Disturbances in devices used for communication
Your Answer
Disturbances in devices used for communication

Multiple Choice Multiple Answer
Question
What is post script?
Correct Answer
It comes from latin word post scriptum , It means whatever has been written afterwards
Your Answer
It means whatever has been written afterwards

True/False
Question
One year of our life is lost searching things
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
It can be created by using templates or macros
Correct Answer
Memorandum
Your Answer
Memorandum

Select The Blank
Question
A good company differs from another in terms of ________ quality.
Correct Answer
Service
Your Answer
Work culture

Multiple Choice Single Answer
Question
One should look at the present with the eye towards
Correct Answer
Future
Your Answer
Future

Multiple Choice Single Answer
Question
A presentation for consideration of something is called
Correct Answer
Proposal
Your Answer
Proposal

Select The Blank
Question
A ________ communication establishes and builds lasting relationships between people
Correct Answer
Two way
Your Answer
Two way

True/False
Question
Business Communication is always goal oriented
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
The middle part of presentation contains
Correct Answer
Main body is broken into points
Your Answer
Main body is broken into points

Select The Blank
Question
Written communication can be kept as ________ record.
Correct Answer
Legal
Your Answer
Legal

True/False
Question
Printing house journals maintain public relations within the organisation.
Correct Answer
True
Your Answer
True

Select The Blank
Question
A ________ is the core of business communication as it is an action oriented affair.
Correct Answer
Feedback
Your Answer
Feedback

Multiple Choice Multiple Answer
Question
This makes communication difficult
Correct Answer
One party talks and the other listens , One party gets angry , One party keeps focus on themselves
Your Answer
One party gets angry , One party keeps focus on themselves

Select The Blank
Question
A slide should only carry ________ information
Correct Answer
Important
Your Answer
Important

Multiple Choice Single Answer
Question
Communication is the task of imparting
Correct Answer
Information
Your Answer
Information

Multiple Choice Multiple Answer
Question
Ectomorph means
Correct Answer
Thin , Youthful , Tall
Your Answer
Thin , Youthful , Tall

True/False
Question
To avoid stress stay away from things that are negative
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
When stress becomes strain
Correct Answer
It is continuous
Your Answer
Harmful for the body

True/False
Question
Charts,Film slides,transparencies are types of audio aids
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
The maximum content on the slide should be limited to
Correct Answer
25 words
Your Answer
30 words

Managerial Economics Assignmment - 3

Managerial Economics Assignmment - 3
ATTEMPTED PAPER - QUESTIONS AND ANSWERS


Multiple Choice Single Answer
Question
The concept of Perfect competition includes all the features of :-
Correct Answer
Pure competition
Your Answer
Pure competition

Multiple Choice Single Answer
Question
An entrepreneur may earn high profits just by luck, say because of outbreak of war. This is known as :-
Correct Answer
Chance Profits
Your Answer
Monopoly Profits

Multiple Choice Single Answer
Question
Managerial economics is also understood to refer to
Correct Answer
applied economics
Your Answer
applied economics

Multiple Choice Multiple Answer
Question
Features of Dumping are :-
Correct Answer
It is possible in the case of monopoly market , Selling same good at higher price in home market and at lower price in international market , It is encouraged with a view to promote the exports
Your Answer
It is possible in the case of monopoly market , It is encouraged with a view to promote the exports

Multiple Choice Single Answer
Question
The type economic problem is
Correct Answer
universal
Your Answer
universal

True/False
Question
In macro – economic analysis the behavior of economic agents such as firms, households and government is seen in total, disregarding details at particular level.
Correct Answer
True
Your Answer
True

True/False
Question
Changes in the value of money because of inflation, make inventory valuation of finished products difficult.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
The method of inventory valuation in which, the cost of production is calculated on the assumption that the material which was last to enter the inventory of the company was used first is :-
Correct Answer
LIFO
Your Answer
LIFO

Multiple Choice Single Answer
Question
The act of making goods and services is called
Correct Answer
production
Your Answer
production

Select The Blank
Question
The partnership between private sector & government is called ________.
Correct Answer
Joint sector enterprise
Your Answer
Joint sector enterprise

Multiple Choice Multiple Answer
Question
According to Keynes there are three motives for holding cash for liquidity preference :-
Correct Answer
The speculative motive , The transactions motive , The precautionary motive
Your Answer
The transactions motive , The precautionary motive , The speculative motive

Multiple Choice Single Answer
Question
If the substitutes are relatively costly then the demand for the commodity in question will be :-
Correct Answer
More
Your Answer
More

Multiple Choice Multiple Answer
Question
The Laws of Returns to scale are :-
Correct Answer
Law of Increasing Returns to Scale , Law of Constant Returns to Scale , Law of Decreasing Returns to scale
Your Answer
Law of Decreasing Returns to scale

Multiple Choice Multiple Answer
Question
Increasing Returns explains :-
Correct Answer
Total product increases at an increasing rate , Marginal product increasing and it is maximum , Average product is increasing but it is below MP
Your Answer
Total product increases at an increasing rate , Marginal product increasing and it is maximum , Average product is increasing but it is below MP

Multiple Choice Single Answer
Question
An individual consumer or particular market for a given commodity are the subject matter of :-
Correct Answer
Micro Economics
Your Answer
Micro Economics

True/False
Question
The prosperity phase is characterized by rise in the level of employment.
Correct Answer
True
Your Answer
True

Select The Blank
Question
Baumol has suggested as an alternative objective for profit maximization, the maximization of ________.
Correct Answer
Sales
Your Answer
Sales

Multiple Choice Single Answer
Question
The profit which is surplus of revenue over and above all paid out cost is :-
Correct Answer
Accounting Profit
Your Answer
Gross Profit

Select The Blank
Question
In perfect competition various factors of production are assumed to be ________.
Correct Answer
Perfectly mobile
Your Answer
Perfectly mobile

Select The Blank
Question
Keynes, on the basis of a fundamental psychological law, observed that as income ________, consumption Increases.
Correct Answer
Increases
Your Answer
Increases

True/False
Question
During the period of depression, a large part of a country’s resources lie involuntarily idle.
Correct Answer
True
Your Answer
True

True/False
Question
Pure private goods are completely divisible and to them the principle of exclusion applies in full measure.
Correct Answer
True
Your Answer
False

Select The Blank
Question
The taxation & public expenditure policies are called as ________ ..
Correct Answer
Budgetary Policy
Your Answer
Budgetary Policy

Multiple Choice Multiple Answer
Question
The disinvestments of industries is needed for :-
Correct Answer
Phased privatization , Reducing deficit , Capital support to plans
Your Answer
Phased privatization , Reducing deficit , Capital support to plans

Multiple Choice Single Answer
Question
The act of using goods and services to satisfy wants is called
Correct Answer
consumption
Your Answer
consumption

Multiple Choice Single Answer
Question
The things that are produced by factors of production are called
Correct Answer
commodities
Your Answer
commodities

Select The Blank
Question
In the context of externalities, driving the smoke-emitting buses and trucks in the cities is an example of ________ cost.
Correct Answer
Social
Your Answer
Social

Multiple Choice Single Answer
Question
The concept of just distribution of national product is a
Correct Answer
normative
Your Answer
normative

True/False
Question
The government also fixes minimum procurement prices for major crops on the recommendation of the Agricultural Prices Commission (APC).
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
According to Lionel Robbins definition of economics, "Economics is a science which :-
Correct Answer
Studies human behaviour , Relationship between ends and scares resources , Scarce means have alternate uses
Your Answer
Studies human behaviour , Relationship between ends and scares resources , Scarce means have alternate uses

Select The Blank
Question
Under perfect competition, price is determined by the interaction of total demand and ________.
Correct Answer
Total supply
Your Answer
Total selling cost

Multiple Choice Multiple Answer
Question
Features of monopolistic Competition are :-
Correct Answer
Fairly large number of firms , Product differentiation , Selling costs are existed
Your Answer
Fairly large number of firms , Product differentiation , Selling costs are existed

Multiple Choice Multiple Answer
Question
Steps in cost benefit analysis are :-
Correct Answer
Identification of a project , Formulation of the project , Appraisal and selection of the project
Your Answer
Identification of a project , Formulation of the project , Appraisal and selection of the project

True/False
Question
There is no separation of ownership and management in case of a Joint Stock Company.
Correct Answer
False
Your Answer
False

Multiple Choice Single Answer
Question
During a period of rising prices (inflation), the goods and services are :-
Correct Answer
Scarce
Your Answer
Scarce

Multiple Choice Single Answer
Question
The cost recorded in the books of accounts are considered as :-
Correct Answer
Explicit costs
Your Answer
Explicit costs

Multiple Choice Single Answer
Question
Variable cost are those costs which vary with the level of :-
Correct Answer
Output
Your Answer
Output

Select The Blank
Question
Open market operations measures are ________.
Correct Answer
Quantitative credit control
Your Answer
Quantitative credit control

Select The Blank
Question
Managerial ________ lies on the borderline of management and Economics.
Correct Answer
Economics
Your Answer
Economics

True/False
Question
The demand for life saving drugs is elastic.
Correct Answer
False
Your Answer
False

Multiple Choice Single Answer
Question
Managerial economics generally refers to the integration of economic theory with business
Correct Answer
Practice
Your Answer
Practice

Match The Following
Question
Correct Answer
Your Answer
Resource allocation decisions in free market economy
Theory of price
Theory of price
Economic problem
Universal
Universal
Managerial Economics
Applied branch of knowledge
Applied branch of knowledge
Inflation
Reduction in purchasing power
Reduction in purchasing power
Waste of resources
Involuntary unemployment
Involuntary unemployment

Multiple Choice Single Answer
Question
According J.B.Clark, profit is the reward paid for :-
Correct Answer
Dynamism
Your Answer
Risk bearing

Multiple Choice Multiple Answer
Question
The characteristics of a sole proprietorship firm is :-
Correct Answer
Unlimited Capital , Ownership by a single person , Easy to form
Your Answer
Ownership by a single person , Easy to form

Select The Blank
Question
The rate of interest, according to Keynes depends upon two factors: the liquidity preference function and ________.
Correct Answer
The quantity of money.
Your Answer
The quantity of money.

Match The Following
Question
Correct Answer
Your Answer
Human wants
unlimited
unlimited
General Theory of Employment, Interest and Money
J. M. Keynes
J. M. Keynes
Managerial economics
Decision making and forward planning
Decision making and forward planning
Resources
scarce
scarce
Commodities
goods and services
goods and services

Multiple Choice Single Answer
Question
Every nation’s resources which are used to produce the quantities of goods and services that would be required to satisfy all its citizen’s wants are
Correct Answer
insufficient
Your Answer
insufficient


Multiple Choice Single Answer
Question
In economics the question related to the selection of methods with which commodities are produced is a subject matter of
Correct Answer
theory of production
Your Answer
theory of production

Multiple Choice Single Answer
Question
In economics the questions related to the division of society’s output of goods and services among its members are topics in
Correct Answer
theory of distribution
Your Answer
theory of distribution

Multiple Choice Single Answer
Question
In economics the questions related to the dynamic or static ( otherwise) capacity of the economy to produce goods and services are topics in the
Correct Answer
theory of economic growth
Your Answer
theory of production

Multiple Choice Single Answer
Question
All the free gifts of nature which are commonly called natural resources are known to economists as
Correct Answer
Land
Your Answer
capital

Multiple Choice Single Answer
Question
All the man made resources which are used in the process of making other goods and services are called
Correct Answer
capital
Your Answer
labor

Multiple Choice Single Answer
Question
Managerial economics aims at providing help in the firms is
Correct Answer
decision making
Your Answer
decision making

True/False
Question
Economic problem is faced by poor countrys only.
Correct Answer
False
Your Answer
False

Multiple Choice Single Answer
Question
An industry is a group of firms dealing in the same line of
Correct Answer
business
Your Answer
business

True/False
Question
Micro-economics is primarily concerned with the problem of what, how and for whom to produce
Correct Answer
True
Your Answer
True

True/False
Question
Pure public goods must be in the hands of public sector only.
Correct Answer
True
Your Answer
False

Select The Blank
Question
The goods become ________ only when each individual has an access to the entire amount of it and its use by the individual does not reduce its availability to others.
Correct Answer
indivisible
Your Answer
public

Select The Blank
Question
The externality which causes an economic gain or an economic loss to other economic units is also referred to as ________ externality.
Correct Answer
Pecuniary
Your Answer
Economic

Select The Blank
Question
In a market economy ________ is the best judge of personal interest.
Correct Answer
individual
Your Answer
firm

Match The Following
Question
Correct Answer
Your Answer
Managerial economics
Decision making and forward planning
Decision making and forward planning
Resources
Scarce
Scarce
Commodities
Goods and services
Goods and services
Human wants
Unlimited
Unlimited

Match The Following
Question
Correct Answer
Your Answer
General theory of employment, interest and money
J. M. Keynes
J. M. Keynes
Inflation
Reduction in purchasing power
Reduction in purchasing power
Services
Intangible goods
Intangible goods
Methods of production of commodities
Theory of production
Theory of production

Multiple Choice Multiple Answer
Question
The characteristics of a sole proprietorship firm is
Correct Answer
Unlimited Capital , Ownership by a single person , Easy to form
Your Answer
Ownership by a single person , Easy to form

Multiple Choice Multiple Answer
Question
Different types of business organizations are
Correct Answer
private sector , public sector , joint sector
Your Answer
private sector , public sector , joint sector

Select The Blank
Question
Reasonable profit target as an alternative to the objective of profit maximization was suggested by ________.
Correct Answer
Joel Dean
Your Answer
Joel Dean

Select The Blank
Question
The form of organization which is best for self employment is ________.
Correct Answer
Sole trader
Your Answer
Sole trader

Multiple Choice Single Answer
Question
Economic Profit takes in to account the
Correct Answer
implicit cost
Your Answer
implicit cost

True/False
Question
In any business, while formulating a profit policy, the possibility of emergence of rival firms must be taken in to account
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
The payments made out of the Gross Profit are
Correct Answer
Remuneration to factors of production , Depreciation , Maintenance Charges
Your Answer
Remuneration to factors of production , Depreciation , Maintenance Charges

Multiple Choice Multiple Answer
Question
reasonable profit' are
Correct Answer
Capital Attraction , Plough Back , Normal earnings
Your Answer
Capital Attraction , Plough Back , Normal earnings

Multiple Choice Single Answer
Question
Complementary goods are demanded
Correct Answer
jointly
Your Answer
separately

Multiple Choice Single Answer
Question
Emergence of close substitutes to the commodity in question may bring about demand to
Correct Answer
decrease
Your Answer
decrease

Multiple Choice Single Answer
Question
The demand for a commodity depends on the prices of its substitutes which are
Correct Answer
relative
Your Answer
relative

True/False
Question
Demand curve slopes downwards from left to right.
Correct Answer
True
Your Answer
True

Select The Blank
Question
The index numbers which measure the changes in the general price level of a country refers to ________
Correct Answer
Wholesale prices index
Your Answer
Wholesale prices index

Multiple Choice Multiple Answer
Question
Different types of Elasticity of Demand are
Correct Answer
Price elasticity of demand , Income elasticity of demand , Cross elasticity of demand
Your Answer
Price elasticity of demand , Income elasticity of demand , Cross elasticity of demand

Multiple Choice Single Answer
Question
If the increase in all factors leads to a less than proportionate increase in output, then the returns to scale are
Correct Answer
decreasing
Your Answer
decreasing

True/False
Question
The supply of factory made goods of daily consumption is inelastic.
Correct Answer
False
Your Answer
True

Multiple Choice Multiple Answer
Question
Major types of costs are
Correct Answer
Accounting costs , Economic costs , Opportunity costs
Your Answer
Accounting costs , Economic costs , Opportunity costs

Select The Blank
Question
Output rises in a lesser proportion to that of the increase in input, under the case of ________.
Correct Answer
decreasing returns to scale
Your Answer
decreasing returns to scale

Select The Blank
Question
If the output rises in the greater proportion than that of the increase in factor inputs, it is referred to as ________.
Correct Answer
increasing returns to scale.
Your Answer
increasing returns to scale.

Multiple Choice Single Answer
Question
Under monopoly the demand curve slopes
Correct Answer
downward
Your Answer
downward

Multiple Choice Single Answer
Question
Dalal Street in Bombay is known as
Correct Answer
Bombay Stock Exchange
Your Answer
Bombay Stock Exchange

Multiple Choice Single Answer
Question
The city of Banaras has specialized in the manufacture of
Correct Answer
silk
Your Answer
silk

True/False
Question
A firm under perfect competition is a price maker.
Correct Answer
False
Your Answer
False

True/False
Question
Long period supply is relatively inelastic.
Correct Answer
False
Your Answer
True

Multiple Choice Multiple Answer
Question
Features of the firm are
Correct Answer
It is a business unit organized under one ownership , It is a sole proprietorship , It is a partnership or joint stock company
Your Answer
It is a business unit organized under one ownership , It is a sole proprietorship , It is a partnership or joint stock company

Multiple Choice Multiple Answer
Question
Equilibrium is the stage of
Correct Answer
maximum satisfaction , balance , stationary
Your Answer
maximum satisfaction , balance , stationary

True/False
Question
The Keynesian theory emphasizes effective supply as a crucial factor in determining the level of income and employment.
Correct Answer
False
Your Answer
True

Multiple Choice Single Answer
Question
According to the Government, the buildup of inflationary pressure during the Nineties was attributed to
Correct Answer
Higher Fiscal deficit
Your Answer
Higher Fiscal deficit

True/False
Question
The government also fixes minimum procurement prices for major crops on the recommendation of the Agricultural Prices Commission (APC).
Correct Answer
True
Your Answer
True

True/False
Question
There is considerable slush money with politicians & Government servants.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
Government intervention is needed in free market mechanism to
Correct Answer
To provide employment to all who willing to work at prevailing wage rate , Factors of production are optimally allocated between the various industries , All will get sufficient income to meet their basic needs
Your Answer
To provide employment to all who willing to work at prevailing wage rate , Factors of production are optimally allocated between the various industries , All will get sufficient income to meet their basic needs

Multiple Choice Multiple Answer
Question
Defects of market system:
Correct Answer
Inequalities of income and wealth , Emergence of monopolies , Failure to provide full employment
Your Answer
Inequalities of income and wealth , Emergence of monopolies , Failure to provide full employment

Managerial Economics Assignmment - 2

Managerial Economics - 2
ATTEMPTED PAPER - QUESTIONS AND ANSWERS

True/False
Question
In case of a proprietary firm the liability of the proprietor is limited.
Correct Answer
False
Your Answer
False

Multiple Choice Multiple Answer
Question
Accounting profit includes :-
Correct Answer
Wages , Rent , Interest
Your Answer
Interest , Total revenue

True/False
Question
In experimental price approach the firms takes some cognizance of the demand for the product and proceeds to fix a price by a trial and error method.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
Defects of market system:-
Correct Answer
Inequalities of income and wealth , Emergence of monopolies , Failure to provide full employment
Your Answer
Emergence of monopolies , Failure to provide full employment , Prevailing of barter system

Multiple Choice Single Answer
Question
In case of perfectly elastic supply, the supply curve is :-
Correct Answer
Horizontal
Your Answer
Vertical

Multiple Choice Single Answer
Question
Every nation’s resources which are used to produce the quantities of goods and services that would be required to satisfy all its citizen’s wants are
Correct Answer
insufficient
Your Answer
insufficient

Multiple Choice Single Answer
Question
Managerial economics is also understood to refer to
Correct Answer
applied economics
Your Answer
applied economics

Multiple Choice Single Answer
Question
Economists have pointed out that the real world is full of :-
Correct Answer
Imperfect competition
Your Answer
Pure competition

Multiple Choice Multiple Answer
Question
Characteristics of Pure Public goods are:-
Correct Answer
They are completely indivisible , Their marginal cost would be zero or close to zero , Their benefits cannot be priced
Your Answer
They are completely indivisible , Their benefits cannot be priced

Multiple Choice Multiple Answer
Question
Main aims of the New Industrial Policy (1991) are :-
Correct Answer
To unshackle the Indian industrial economy from the cobwebs of unnecessary bureaucratic control , To introduce liberalization with a view to integrate the Indian economy with the world economy , To remove restrictions on direct foreign investment as also to free the domestic entrepreneur from the restriction of MRTP act
Your Answer
To unshackle the Indian industrial economy from the cobwebs of unnecessary bureaucratic control , To introduce liberalization with a view to integrate the Indian economy with the world economy , To remove restrictions on direct foreign investment as also to free the domestic entrepreneur from the restriction of MRTP act

Multiple Choice Single Answer
Question
Under perfect competition, generally demand and supply act and react upon each other and determine the price
Correct Answer
equilibrium
Your Answer
equilibrium

Multiple Choice Multiple Answer
Question
Factors leading to differences in the economic & the traditional concepts of valuation are :-
Correct Answer
Inventory Valuation , Depreciation , Unaccounted value changes in the assets & liabilities
Your Answer
Inventory Valuation , Depreciation , Unaccounted value changes in the assets & liabilities

Select The Blank
Question
Super-normal profit is also called ________.
Correct Answer
Excess profit
Your Answer
Excess profit

Multiple Choice Multiple Answer
Question
Under cost plus pricing :-
Correct Answer
Actual costs, standard costs are included , Certain percentage of profit also included , The price is set to cover material, labour cost
Your Answer
The price is set to cover material, labour cost , Actual costs, standard costs are included

Match The Following
Question
Correct Answer
Your Answer
Human wants
unlimited
unlimited
General Theory of Employment, Interest and Money
J. M. Keynes
J. M. Keynes
Managerial economics
Decision making and forward planning
Decision making and forward planning
Resources
scarce
scarce
Commodities
goods and services
goods and services

True/False
Question
Consumer’s protection involves protection to the consumers from unfair trade practices.
Correct Answer
True
Your Answer
True

Select The Blank
Question
When Government repays old loans, the purchasing power at the disposal of the people ________.
Correct Answer
Increases
Your Answer
Becomes negative

True/False
Question
The law of supply is not hypothetical.
Correct Answer
False
Your Answer
True

Multiple Choice Single Answer
Question
A firm gets an opportunity to produce multiple products because changes in business activity in a firms is :-
Correct Answer
Cyclical
Your Answer
Cyclical

True/False
Question
When a change in income has no effect upon the quantity demanded of a product, the income elasticity of demand is zero.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
Managerial economics generally refers to the integration of economic theory with business
Correct Answer
Practice
Your Answer
Practice

Select The Blank
Question
Propensity to consume is defined as the relationship between consumption and ________.
Correct Answer
Income
Your Answer
Income

True/False
Question
Public enterprises have shown a very high rate of return of the capital invested.
Correct Answer
False
Your Answer
False

Select The Blank
Question
________ effects are those externalities which flow from the production or use of the good to other parties or economic units.
Correct Answer
Third party
Your Answer
External

True/False
Question
In the traditional concept of equilibrium, a firm attains the equilibrium when the firm’s Total Revenue (T.R.) =Total Cost (T.C.).
Correct Answer
False
Your Answer
True

Multiple Choice Single Answer
Question
The method of inventory valuation in which, the cost of production is calculated on the assumption that the material which was last to enter the inventory of the company was used first is :-
Correct Answer
LIFO
Your Answer
LIFO

True/False
Question
Supply management is related to the volume of supply & its distribution system.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
Demand is determined by :-
Correct Answer
Price of the product , Relative prices of other goods , Tastes and habits
Your Answer
Price of the product , Relative prices of other goods , Tastes and habits

Multiple Choice Multiple Answer
Question
Different types of Elasticity of Demand are :-
Correct Answer
Cross elasticity of demand , Price elasticity of demand , Income elasticity of demand
Your Answer
Price elasticity of demand , Income elasticity of demand , Cross elasticity of demand

Multiple Choice Single Answer
Question
In case of a Joint-Stock Company, the liability of share holders is :-
Correct Answer
Limited
Your Answer
Limited

Multiple Choice Single Answer
Question
Expansion of supply is shown by the movement in the supply curve which is :-
Correct Answer
Upward
Your Answer
Upward

Multiple Choice Single Answer
Question
Saving is a :-
Correct Answer
Private virtue
Your Answer
Private virtue

Multiple Choice Single Answer
Question
According to the Government, the building up of inflationary pressure during the Nineties was attributed to :-
Correct Answer
Higher Fiscal deficit
Your Answer
Higher Fiscal deficit

Multiple Choice Multiple Answer
Question
A competitive industry has three basic characteristics :-
Correct Answer
Large Number of Firms , Homogeneous Product , Free entry and exit
Your Answer
Large Number of Firms , Homogeneous Product , Free entry and exit

Multiple Choice Single Answer
Question
The income which a businessman might expect from the second best alternative use of his resources is called as :-
Correct Answer
Opportunity cost
Your Answer
Opportunity cost

Select The Blank
Question
Advertising forms an integral part of decision-making and________.
Correct Answer
Forward - planning
Your Answer
Forward - planning

Multiple Choice Multiple Answer
Question
Exceptions to the Law of Demand are :-
Correct Answer
Griffin goods , Articles of snob appeal , Speculation
Your Answer
Griffin goods , Articles of snob appeal , Speculation

Select The Blank
Question
True inflation starts only after reaching ________.
Correct Answer
Level of full employment
Your Answer
Level of full employment

Select The Blank
Question
The financing of ________ goods is done through Public expenditure.
Correct Answer
Public
Your Answer
Public

Multiple Choice Multiple Answer
Question
Assumptions of the Law of Demand are :-
Correct Answer
No change in consumer’s income , No change in consumer’s preferences , No change in fashion
Your Answer
No change in consumer’s income , No change in consumer’s preferences , No change in fashion

Multiple Choice Multiple Answer
Question
Types of Share capital of Joint-Stock Company are :-
Correct Answer
Registered or authorized capital , Issued capital , Paid-up capital
Your Answer
Registered or authorized capital , Issued capital , Paid-up capital

True/False
Question
The sum of total fixed costs and total variable costs is the total cost.
Correct Answer
True
Your Answer
True

True/False
Question
During the period of depression, a large part of a country’s resources lie involuntarily idle.
Correct Answer
True
Your Answer
True

True/False
Question
Under the New Industrial Policy, in order to invite foreign investment in high priority industries, it was decided to provide approval for direct foreign investment upto 51% equity in such industries.
Correct Answer
True
Your Answer
True

Managerial Economics Assignmment - 1

List Of Attempted Questions And Answers

Select The Blank
Question The sum of all individual demands constitutes________
Correct Answer market demand
Your Answer market demand

True/False
Question Under perfect competition, price is determined by the interaction of total demand and total supply in the market.
Correct Answer False
Your Answer True

Multiple Choice Single Answer
Question Price of a product under perfect competition is determined by the interaction of total supply and
Correct Answer total demand
Your Answer total demand

Select The Blank
Question The cost which enter the accounts book of the firm are referred as ________.
Correct Answer Accounting cost
Your Answer Accounting cost

Multiple Choice Multiple Answer
Question Keynes’s theory of employment explains
Correct Answer Effective demand , Aggregate supply , Aggregate demand
Your Answer Effective demand , Aggregate supply , Aggregate demand

Multiple Choice Single Answer
Question The type economic problem is
Correct Answer universal
Your Answer universal

Multiple Choice Single Answer
Question An individual consumer or particular market for a given commodity are the subject matter of
Correct Answer Micro Economics
Your Answer Micro Economics

Multiple Choice Multiple Answer
Question Features of the firm are
Correct Answer It is a business unit organized under one ownership , It is a sole proprietorship , It is a partnership or joint stock company
Your Answer It is a business unit organized under one ownership , It is a sole proprietorship , It is a partnership or joint stock company

Multiple Choice Single Answer
Question Whether the economy's capacity to produce goods and services is growing from year to year or remaining static is studied under the
Correct Answer Theory of economic growth
Your Answer Theory of economic growth

Multiple Choice Multiple Answer
Question Co-operative organizations is
Correct Answer voluntary organization , managed by democratic principle , organization, which performs its business within the members
Your Answer voluntary organization , managed by democratic principle , non profit motive organization

Multiple Choice Multiple Answer
Question Assumptions underlying the law of Supply are
Correct Answer The cost of production is unchanged , No change in technique of production , Government policies are unchanged
Your Answer The cost of production is unchanged , No change in technique of production , Government policies are unchanged

True/False
Question Macro-economies is a policy oriented science.
Correct Answer True
Your Answer True

Multiple Choice Single Answer
Question Expansion of supply is shown by the movement in the supply curve which is
Correct Answer upward
Your Answer upward

Multiple Choice Single Answer
Question Liability of a sole trader is
Correct Answer unlimited
Your Answer unlimited

Select The Blank
Question If the output rises in the greater proportion than that of the increase in factor inputs, it is referred to as ________.
Correct Answer increasing returns to scale.
Your Answer increasing returns to scale.

Select The Blank
Question An upward sloping demand curve is called ________
Correct Answer exceptional demand curve
Your Answer exceptional demand curve

Multiple Choice Single Answer
Question Every nation’s resources which are used to produce the quantities of goods and services that would be required to satisfy all its citizen’s wants are
Correct Answer insufficient
Your Answer insufficient

Multiple Choice Single Answer
Question The act of making goods and services is called
Correct Answer production
Your Answer production

Multiple Choice Single Answer
Question Question related to the efficient production and allocation belong to the branch of economic theory called
Correct Answer Welfare Economics
Your Answer Welfare Economics

Multiple Choice Single Answer
Question The act of using goods and services to satisfy wants is called
Correct Answer consumption
Your Answer consumption

Multiple Choice Multiple Answer
Question Explicit costs are
Correct Answer Out of pocket costs , These are firms accounting expenses , Expenditure costs
Your Answer Out of pocket costs , These are firms accounting expenses , Expenditure costs

Select The Blank
Question In the 3rd stage of operation of the law of variable proportions, the marginal product becomes ________.
Correct Answer negative
Your Answer negative

True/False
Question The Keynesian theory emphasizes effective supply as a crucial factor in determining the level of income and employment.
Correct Answer False
Your Answer False

Multiple Choice Single Answer
Question The things that are produced by factors of production are called
Correct Answer commodities
Your Answer commodities

Select The Blank
Question By ' profits', the accountant means total revenue minus________.
Correct Answer Explicit costs
Your Answer Explicit costs

Multiple Choice Single Answer
Question All the buyers and sellers operating under perfect competition have knowledge which is
Correct Answer perfect
Your Answer perfect

Match The Following
Question Correct Answer Your Answer

Resource allocation decisions in free market economy Theory of price Theory of price
Economic problem Universal Universal
Managerial Economics Applied branch of knowledge Applied branch of knowledge
Inflation Reduction in purchasing power Theory of price
Waste of resources Involuntary unemployment Involuntary unemployment


Multiple Choice Multiple Answer
Question 16. The phase of recovery denotes
Correct Answer More employment opportunities , Increase in profitability , Wage rate increase
Your Answer More employment opportunities , Increase in profitability , Wage rate increase

Select The Blank
Question Supply is predominantly determined by ________.
Correct Answer stock
Your Answer demand

Select The Blank
Question The form of organization which is best for self employment is ________.
Correct Answer Sole trader
Your Answer Sole trader

Multiple Choice Single Answer
Question The suggestion of maximization of balanced growth rate as another alternative objective of a firm's profit is suggested by
Correct Answer Prof. Morris
Your Answer Baumol

True/False
Question Under perfect competition,firms are free to enter and exit in the market.
Correct Answer True
Your Answer True

Multiple Choice Single Answer
Question J.M. Keynes, on the basis of a fundamental psychological law of consumption, observed that as income increases, consumption also increases, but proportionately
Correct Answer less
Your Answer less

Multiple Choice Single Answer
Question The Risk theory of profit was developed by
Correct Answer Hawley
Your Answer Hawley

True/False
Question The congress government led by Narsimha Rao announced the New Industrial Policy in July 1991.
Correct Answer True
Your Answer True

Select The Blank
Question Perfectly elastic demand curve is ________
Correct Answer horizontal
Your Answer horizontal

True/False
Question The distinction between fixed costs and variable costs is relevant in the short period only.
Correct Answer True
Your Answer True

Multiple Choice Multiple Answer
Question The term externalities may also be referred as:
Correct Answer Spill-over effects , Neighborhood effects , Third party effects
Your Answer Spill-over effects , Neighborhood effects , Third party effects

Multiple Choice Multiple Answer
Question Methods of forecasting demand for new products are
Correct Answer Product life cycle analysis , Test marketing , Evolutionary approach
Your Answer Evolutionary approach

Multiple Choice Single Answer
Question Often monopolies purposely keep certain factors of production idle creating artificial scarcities of their products as a result the prices
Correct Answer rise
Your Answer rise

Multiple Choice Multiple Answer
Question The methods of calculating depreciation is
Correct Answer Diminishing Balance Method , Annuity Method , Service Unit Method
Your Answer Diminishing Balance Method , Annuity Method , Service Unit Method

Match The Following
Question Correct Answer Your Answer

Human wants unlimited unlimited
General Theory of Employment, Interest and Money J. M. Keynes J. M. Keynes
Managerial economics Decision making and forward planning Decision making and forward planning
Resources scarce scarce
Commodities goods and services goods and services


Select The Blank
Question In the context of formulating an investment project, ________ feasibility means the availability of supervisors for implementing and running the project smoothly and professionally.
Correct Answer management
Your Answer management

True/False
Question The sum of total fixed costs and total variable costs is the total cost.
Correct Answer True
Your Answer True

Multiple Choice Multiple Answer
Question Features of Market are
Correct Answer Place where buyers and sellers meet each other , A building where a number of shops dealing in a particular commodity exist , A place where transaction of goods and services is undertaken
Your Answer Place where buyers and sellers meet each other , A building where a number of shops dealing in a particular commodity exist , A place where transaction of goods and services is undertaken

Multiple Choice Single Answer
Question Managerial economics is also understood to refer to
Correct Answer applied economics
Your Answer applied economics

True/False
Question Private profit motive is an essential feature of Capitalism.
Correct Answer True
Your Answer True