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WorksheetsMEFA - Quiz-1.1: Managerial Economics
Total questions: 15
Worksheet time: 5mins
Business Economics is also known as
MANAGERIAL ECONOMICS
ECONOMICS FOR EXECUTIVES
ECONOMIC ANALYSIS FOR BUSINESS DECISIONS
ALL OF THE ABOVE
_______ is known as father of economics
Marshal
Robins
Adam smith
A C Pigou
Basic economic tools of managerial economics does not include
Principle of time perspective
Equi‐marginal principle
Incremental principle
None of these
Economics is a________
Science
Social science
Arts
Economics means_____
Study of wealth of Nations
Study of commerce
Study of account
Economic is a study of______
Human behaviour
Mathematics
Community
_____ is the primary function of economics.
Financial study
Maintaining rules
Controlling on staff
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
Managerial economics helps to management for finalising_____
Financial issues
Human resources
Wealth of organisation
All of these
The main aim of a Business Concern is
Profit Maximisation
Service maximisation
Increase the employee satisfaction
None of the above
