F.Y.B.COM
BUSINESS ECONOMICS
YOUTUBE: SURAJ PATEL EDUCATON
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1. _____
refers to the integration of economic theory with business practice.
a. Business
economics
b. Managerial
economics
c. business
planning
d. None
of these
ANS: A
2. Business
economies is now termed as _____.
a. Managerial
economics
b. Business
economics
c. None
of these
d. business
planning
ANS: A
3. Demand
analysis and forecasting is essential for _____.
a. Business
economics
b. business
planning
c. Managerial
economics
d. None
of these
ANS: B
4. _____
is narrower in scope than cost analysis.
a. Supply
analysis
b. Production
analysis
c. Demand
analysis
d. All of
the above
ANS: B
5. _____
deals with various aspects of supply of a commodity.
a. Production
analysis
b. None
of these
c. Supply
analysis
d. Demand
analysis
ANS: C
6. As
price generate income to the firm, _____ are important for business economics.
a. pice
fixation
b. Production
analysis
c. pricing
practices
d. None
of these
ANS: C
7. The
price determination theories in different market conditions enable the firm to
solve the _____ problems.
a. Supply
analysis
b. pricing
practices
c. None
of these
d. pice
fixation
ANS: D
8. The
scope of business economics cover all major aspects of _____ analysis.
a. macro–economics
b. micro–economic
c. Business
economic
d. Indian
economy
ANS: B
9. _____
enables the manger to become a more competent model builder.
a. Indian
economy
b. Business
economics
c. macro–economics
d. micro–economic
ANS: B
10. _____
refers to the next best alternative foregone or sacrificed.
a. Incremental
cost
b. Marginal
cost
c. Opportunity
cost
d. Average
cost
ANS: C
11. The
change in total cost resulting from a particular decision of the firm is refer
as _____.
a. Opportunity
cost
b. Average
cost
c. Incremental
cost
d. Marginal
cost
ANS: C
12. The
_____ measures the change in the dependent variable with respect to the change
in the independent variable.
a. marginal
concept
b. Cost
analysis
c. Production
analysis
d. None
of these
ANS: A
13. _____
refers to a statement of equality of two expression or economic variables.
a. Equations
b. Averages
c. Functional
relation
d. All of
the above
ANS: A
14. _____
is the per unit value.
a. Averages
b. Equations
c. Functional
relation
d. None
of these
ANS: A
15. _____
is the economics of business or managerial decisions.
a. Micro
economics
b. Macro economics
c. Indian
economy
d. Business
economics
ANS: D
16. _____
analysis helps to identity the various factors influencing the demand for a
product.
a. Supply
b. Demand
c. Production
d. Cost
ANS: B
17. _____
cover topics such as cost concepts, methods of estimating costs etc.
a. Production
analysis
b. Supply
analysis
c. Cost
analysis
d. Demand
analysis
ANS: C
18. _____
is concerned with planning and control of capital expenditure.
a. Capital
management
b. Profit
management
c. Market
management
d. None
of these
ANS: A
19. opportunity
cost is also called as _____ cost.
a. Total
b. Average
c. Marginal
d. Alternative
ANS: B
20. Incremental
principle state that, a investment decision is profitable if _____.
a. revenue
increase more than costs
b. cost
reduce more than revenue
c. both
(a) and (b)
d. None
of these
ANS: C
21. The
ratio of change in total revenue to a unit change in output sold is _____.
a. Marginal
revenue
b. Marginal
cost
c. Average
revenue
d. Average
cost
ANS: A
22. _____
explains the dependence of one variable on the other variable.
a. Functional
relation
b. Equations
c. Both
(a) and (b)
d. None
of these
ANS: A
23. The
sum of the dependent variable is _____.
a. Total
b. Average
c. Marginal
d. None
of these
ANS: A
24. _____
involves a cost–benefit comparison of various business activities.
a. Cost
analysis
b. Production
analysis
c. Demand
analysis
d. Marginal
analysis
ANS: D
25. _____
refers to the total demand for a commodity by all buyer in the market.
a. Individual
supply
b. market
supply
c. Market
demand
d. Individual
demand
ANS: C
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