Symbiosis International Education Centre 2006 Post Graduate Diploma HR Management Managerial Economics - Question Paper

accurate ans Welfare Economics
Your ans Business Economics

Multiple option Multiple ans
ques. Managerial economics deals with
accurate ans Integration of economic theory with business practice , Using logic of economics, mathematics & statistics , The use of economic modes of thought to analyze business solution
Your ans Integration of economic theory with business practice , Using logic of economics, mathematics & statistics , The use of economic modes of thought to analyze business solution

Multiple option Single ans
ques. The public sector is owned & controlled by
accurate ans state enterprises
Your ans state enterprises

choose The Blank
ques. Reasonable profit target as an option to the objective of profit maximization was suggested by ________.
accurate ans Joel Dean
Your ans Joel Dean

choose The Blank
ques. “Homeostatic Approach” as an option objective of firms was suggested by ________.
accurate ans Prof. Kenneth Boulding
Your ans Prof. Kenneth Boulding

choose The Blank
ques. The form of organization which is best for self employment is ________.
accurate ans Sole trader
Your ans Sole trader

True/False
ques. Accounting profit takes in to account opportunity cost.
accurate ans False
Your ans False

Multiple option Single ans
ques. Complementary goods are demanded
accurate ans jointly
Your ans jointly

Multiple option Single ans
ques. If the substitutes are relatively costly then the demand for the commodity in ques. will be
accurate ans more
Your ans identical

True/False
ques. There are no real exceptions to the legal regulations of demand
accurate ans False
Your ans False

True/False
ques. Demand curve slopes downwards from left to right.
accurate ans actual
Your ans actual

choose The Blank
ques. An upward sloping demand curve is called ________
accurate ans exceptional demand curve
Your ans exceptional demand curve

choose The Blank
ques. Goods which are paradoxical to the legal regulations of demand are ________
accurate ans Giffen goods, ,
Your ans Giffen goods, ,

Match The subsequent
ques. accurate ans Your ans

Normally the isoquant slopes upward from right to left. downward from right to left

Any straight line supply curve which cuts y axis will have zero elasticity of supply. perfectly elastic

The market period supply curve for perishable commodities is perfectly inelastic. perfectly inelastic.

A rightwards shift in supply schedule shows an increase in supply. an increase in supply.

Earning:   Approval pending.