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WorksheetsManagerial Economics
Total questions: 20
Worksheet time: 10mins
Father of economics?
Adam smith
Charles Babbage
Martin Luther King
Economics is a________
Science
Social science
Arts
Economics means_____
Study of wealth of Nations
Study of commerce
Study of account
Economics is necessary for______
Human resources management
Any society
Management
Economic is a study of______
Human behaviour
Mathematics
Community
Micro and macro economics are___________ of economics.
Function
Scope
Objective
Economics is very useful in any business organisation.
True
False
In economics cost control means_______
Determining cost
Decision of production
Prepare plan for products
Economics helps to understand taxation and government policies.
True
False
Economics gives a_________ to any business organisation.
Objective
Goals
Directions
Economic helps to measurement ___________ of firm.
Efficiency
Demand
Wealth
All of these
Management depends on______
Economics
Demand
Business policies
Managerial economics helps to management for finalising_____
Financial issues
Human resources
Wealth of organisation
All of these
A rational consumer always tries to
Minimise his/her utility
Optimise his/her utility
Maximise his/her utility
None of the above
Considered as Economics applied to "Problem of Choice".
Applied Economics
Managerial Economics
Business Economics
Decision Making
It helps in covering the gap between the problems of logic and the problems of policy
Applied Economics
Managerial Economics
Business Economics
Decision Making
The field of economics that deals with the economic concepts and analysis of problems that are required to formulate rational managerial decisions
Positive Economics
Normative Economics
Macro Economics
Managerial Economics
Managerial Economics applies microeconomics theories and techniques in management decision.
True
False
Managerial Economics basically comprises of two main divisions namely Microeconomics and Macroeconomics
True
False
Microeconomics and managerial economics both encourage the use of quantitative methods to analyze economic data
True
False
