Osmania University (OU) 2007 B.E Computer Science and Engineering Managerial economics and accountancy - Question Paper

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FACULTY OF ENGINEERING & I NF0RMATICS B.E. 3/4 (Civil/CSE/IT) I Semester Supplementary Examination May / June 2007

MANAGERIAL ECONOMICS AND ACCOUNTANCY

Time : 3 Hours] [Max. Marks : 75

Note : 1) Answer all questions of Part A

2) Answer any five questions from Part B.

Part - A Marks 10 x 2 - =25

2

1. What is the scope of Managerial Economics ?

2. Explain the need for understanding the relationship between Managerial Economics and other disciplines.

3. What is meant by Demand Function ? How is it different from Law of Demand ?

4. State the features of Perfect Competition comparing it with Monopoly.

5. What is meant by Pay Back and Discounted Cash Flow methods ?

6. Why is fixed capital ignored while taking certain decisions ? Explain with reference to pricing.

7. What is Opportunity Cost ? .State its significance.

8. Define production function. What is an Isocost Curve ?

9. What is Double Entry Book Keeping ? Why is a Journal maintained ?

10. Explain the purpose of preparing a Trial Balance.

11. Define Managerial Economics. How does it serve the purpose of managers of a firm in their decision-making ?

12. Why should managers understand the concept of Demand Elasticity ? What decisions could be taken based on this concept ?

13. A monopolist can determine either price or output. Discuss.

14. What is meant by Break-even Analysis ? What is its significance to managers ? Illustrate.

15. What is Net Present Value method ? Explain with an illustration how it is useful to managers.

16. The following information is given to you. Find out the current assets and Working Capital :

Current Ratio = 2.5 Current Liabilities = Rs. 50,000.

17. From the following particulars, prepare a Balance Sheet of XYZ Co. Ltd., as on 31-3-06 :

Attachment:

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