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26 results for: actResult 1 of 26
Search history: act » the act of making good...
...Economics Correct Answer Practice Your Answer Practice Multiple Choice... p. 2
...Correct Answer Practice Your Answer Practice Multiple Choice Single Answer Questi... p.
2 ...universal True/False Question Contraction of supply is traced by the downward ... p.
2 ...Choice Single Answer Question The act of making goods and services is called ... p.
4 ...Choice Single Answer Question The act of using goods and services to satisfy ... p. 4
...price is determined by the interaction of total demand and total supply in ... p. 4 ...Multiple
Answer Question The characteristics of Inflation are Correct Answer... p. 5 ...resulting from
the ________ activities, which are known as, "externalit... p. 5 ...demand curve Your Answer
contractionary demand curve True/False Question ... p. 6 ...Market system of economy is
characterized by consumers Correct Answer sover... p. 6 ...is one of the remedies of
corrective action. Correct Answer False Your Answer Tr... p. 6 ...One of the internal
environment factors that influences management is Correc... p. 7 ...One of the external
environment factors that influences Management is Correc... p. 7 ...Answer Question Name
the various characteristics of science Correct Answer organ... p. 8 ...Multiple Answer
Question Unethical acts are results of the following factors: ... p. 9 ...acts are results of the
following factors: Correct Answer unawareness and inse... p. 9 ...Answer Frontiers of
Management , The practice of management , Management, tasks, r... p. 9 ...Asia , Frontiers of
Management , The practice of management , Management, tasks, r... p. 9 ...The person who
does not limit the interactions and decisions just to logical appro... p. 10 ...Answer Question
Name one of the factors that govern the span of management. ... p. 11 ...correction of
performance of various activities. Correct Answer measurement Your... p. 12 ...theory of
motivation while self actualisation needs are at the ________. Co... p. 12 ...Answer Input and
out put relation , Factors of production and final production ,... p. 14 ...theory with business
Correct Answer Practice Your Answer Practice Multiple Choic... p. 18 ...Correct Answer
Practice Your Answer Practice Multiple Choice Single Answer Quest... p. 18 ...employment
of Correct Answer factors of production Your Answer labour ... p. 18
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Managerial Economics
Question Paper – 1
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
Select The Blank
Question By ' profits', the accountant means total revenue minus________.
Correct AnswerExplicit costs
Your Answer Fixed costs
Multiple Choice Multiple Answer
Question According to Lionel Robbins definition of economics, "Economics is a
science which
Correct Answerstudies human behaviour , relationship between ends and scarse

resources , scarce means have alternate uses

Your Answer studies human behaviour , relationship between ends and scarse
resources , scarce means have alternate uses
Select The Blank
Question Under the decreasing returns to scale, the marginal output curve slopes
________.
Correct Answerdownward
Your Answer downward
Multiple Choice Single Answer
Question Managerial economics is also understood to refer to
Correct Answerapplied economics
Your Answer applied economics
Multiple Choice Single Answer
Question Q = f ( N, L, K, T ) , this algebraic expression is used for
Correct AnswerProduction Function
Your Answer Production Function
Multiple Choice Multiple Answer
Question The production function can be studied in three ways
Correct AnswerLaw of variable proportion , Laws to return to scale , Optimum

combination of inputs
Your Answer Law of variable proportion , Laws to return to scale , Optimum
combination of inputs
Multiple Choice Multiple Answer
Question The term externalities may also be referred as:
Correct AnswerSpill-over effects , Neighborhood effects , Third party effects
Your Answer Spill-over effects , Neighborhood effects , Third party effects

Multiple Choice Single Answer

Question Managerial economics generally refers to the integration of economic theory
with business
Managerial Economics
Correct Answer Practice
Your Answer Practice
Multiple Choice Single Answer
Question every seller and a buyer under pure competition
Correct Answers Price taker
Your Answer is Price taker
Match The Following
Question Correct Answer Your Answer

Motor cars Tangible goods Tangible goods

Wants Insatiable Insatiable

Managerial Economics Prescriptive in nature Prescriptive in nature

Resources Alternative uses Alternative uses
Division of society’s output of goods and services The theory of distribution The theory
of distribution
Multiple Choice Multiple Answer
 Question Accounting profit includes
Correct Answerwages , rent , interest
Your Answer wages , rent , interest
Multiple Choice Single Answer
Question The city of Coimbatore has developed a big market for
Correct Answerspinning
Your Answer spinning
Multiple Choice Single Answer
Question The type economic problem is
Correct Answeruniversal
Your Answer universal

True/False
Question Contraction of supply is traced by the downward movement on the supply
curve
Correct AnswerTrue
Your Answer False
True/False
Question Demand for luxury goods is inelastic
Managerial Economics
Correct AnswerFalse
Your Answer False
Multiple Choice Single Answer
Question The term Managerial economics also refers to
Correct Answerapplied economics
Your Answer applied economics
Multiple Choice Multiple Answer
Question Methods of forecasting demand for new products are
Correct AnswerProduct life cycle analysis , Test marketing , Evolutionary approach
Your Answer Evolutionary approach
Multiple Choice Multiple Answer
Question Assumptions of the Law of Demand are
Correct AnswerNo 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
Select The Blank
Question Demand for safety pins is________
Correct Answerinelastic
Your Answer inelastic
Multiple Choice Multiple Answer
Question Scope of Managerial Economics deals with
Correct AnswerDemand analysis and forecasting , Production function & cost

analysis , Inventory management adverting, price system

Your Answer Demand analysis and forecasting , Production function & cost analysis ,
Inventory management adverting, price system
Select The Blank
Question Sole Proprietorship which is also called sole________
Correct Answertradership
Your Answer tradership
Multiple Choice Multiple Answer
Question Cost function denotes
Correct AnswerThe prices of such inputs as labour and capital material , The rate of

output , The size of the plant

Your Answer The prices of such inputs as labour and capital material , The size of the
plant , The cost of technology
True/False
Question A supply schedule is a graphical presentation of supply patterns.
Managerial Economics
Correct AnswerFalse
Your Answer True
Multiple Choice Single Answer
Question The act of making goods and services is called
Correct Answerproduction
Your Answer production
Match The Following
Question Correct Answer Your Answer

Public Sector Life Insurance Corporation Life Insurance Corporation

Competitive Industry Homogenous Product Homogenous Product

Monopoly Firm One Firm One Firm

Plant Technical Unit Technical Unit

True/False
Question The distinction between fixed costs and variable costs is relevant in the short
period only.
Correct AnswerTrue
Your Answer True
Select The Blank
Question The persons who own the________hip concern are called Partners.
Correct AnswerPartners
Your Answer Partners
Multiple Choice Single Answer
Question The act of using goods and services to satisfy wants is called
Correct Answerconsu mption
Your Answer consumption

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

True/False
Question Under perfect competition, price is determined by the interaction of total
demand and total supply in the market.
Correct AnswerFalse
Managerial Economics
Your Answer True
Multiple Choice Multiple Answer
Question Phases of business cycle
Correct AnswerExpansion , Peak , Recession
Your Answer Expansion , Peak , Recession , Trough
Multiple Choice Multiple Answer
Question Different types of Elasticity of Demand are
Correct AnswerPrice 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 Multiple Answer
Question The characteristics of Inflation are
Correct AnswerExcess of demand , Sustained rise in prices , Cannot be anticipated
Your Answer Excess of demand , Sustained rise in prices , Cannot be anticipated
True/False
Question Demand is related to price, time and place.
Correct AnswerTrue
Your Answer True

Select The Blank

Question The social costs and benefits are the external economies and diseconomies
resulting from the________ activities, which are known as, "externalities"
Correct Answerfir m's
Your Answer government
Select The Blank
Question The financing of________ goods is done through public expenditure.
Correct Answerpublic
Your Answer public
Multiple Choice Single Answer
Question Dalal Street in Bombay is known as
Correct AnswerBombay Stock Exchange
Your Answer Bombay Stock Exchange
Multiple Choice Single Answer
Question Joint Stock Company is an incorporated association with a
Correct Answerperpetual succession
Your Answer perpetual succession
True/False
Managerial Economics
Question A firm is a technical unit of a given capacity of output.
Correct AnswerFalse
Your Answer True

Select The Blank

Question In a market system of an economy, producers are guided by________
motive.
Correct Answerprofit
Your Answer profit

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 Answerinsufficient
Your Answer insufficient
Select The Blank
Question An upward sloping demand curve is called________
Correct Answerexceptional demand curve
Your Answer contractionary demand curve
True/False
Question The demand for life saving drugs is elastic.
Correct AnswerFalse
Your Answer False
Multiple Choice Single Answer
Question Market system of economy is characterized by consumers
Correct Answersovereign ty
Your Answer demand
True/False
Question Bargaining is one of the remedies of corrective action.
Correct AnswerFalse
Your Answer True
Select The Blank
Question Perfectly elastic demand curve is________
Correct Answerhorizontal
Your Answer horizontal
Multiple Choice Single Answer
Question The private sector is owned by
Correct Answerprivate individuals
Your Answer private individuals

Managerial Economics
Question Paper – 2
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
Multiple Choice Single Answer
Question Who said, “Management is management of Men, Money, Machinery
Materials and Information?”
Correct AnswerAnon ymous
Your Answer Anonymous

Multiple Choice Single Answer

Question Who said, “Management is the creation and maintenance of internal
environment in an enterprise, where individuals working in groups can perform
efficiently and effectively towards the attainment of gr
Correct AnswerKoontz & O ‘Donell
Your Answer Koontz & O ‘Donell
Multiple Choice Single Answer
Question Who said, “Management is a multiple organ that manages a business,
manages a manager and manages workers and work”?
Correct AnswerPeter Drucker
Your Answer Peter Drucker
Multiple Choice Single Answer
Question One of the internal environment factors that influences management is
Correct AnswerPlace
Your Answer Place
Multiple Choice Single Answer
Question One of the external environment factors that influences Management is
Correct AnswerLegal
Your Answer Legal
Multiple Choice Single Answer
Question Management is
Correct AnswerCrea tive
Your Answer Creative
Multiple Choice Single Answer
Question Management is the combination of Arts, Science and
Correct AnswerProfession
Your Answer Profession
Select The Blank
Question The word________denotes a function, a task, a discipline.
Correct Answerman agement
Your Answer decision

SCDL - Managerial Economics

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SCDL - Managerial Economics

Managerial Economics Question Paper – 1 LIST OF ATTEMPTED QUESTIONS AND
ANSWERS Select The Blank Question By ' profits', the accountant means total revenue
minus________. Correct Answer Explicit costs Your Answer Fixed costs Multiple Choice
Multiple Answer Question...
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