B.COM ECO-1 MCQ's




Question 1 :
Moving averages can be used to measure a _______ .

  1. Trade cycle
  2. Raulan
  3. Trend
  4. All of the above
  

Question 2 :
Under _____ method sales man are asked to estimates expected sales.

  1. Statistical
  2. Survey
  3. Collective Opinion
  4. None of these
  

Question 3 :
_____ forecasting uses historical figures to predict future results.

  1. Time Series
  2. None of these
  

Question 4 :
The aim of demand forecasting is to perceive ______ demand for the product.

  1. Present
  2. future
  3. Past
  4. None of these
  

Question 5 :
The _____ method uses time series data.

  1. Trend
  2. Statistical
  3. Survey
  4. None of these
  

Question 6 :
Demand forecasting is very essential to fix ______ target.

  1. Production
  2. None of the above
  3. sales
  

Question 7 :
Demand forecasting is an estimate of the ______ demand.

  1. Present
  2. Past
  3. None of the above
  4. future
  

Question 8 :
Statistical method is called qualitative method.

  1. TRUE
  2. FALSE
  

Question 9 :
Under consumer survey method the consumers are interviewed directly.

  1. TRUE
  2. FALSE
  

Question 10 :
In test marketing method, a market experiment is performed under artificial market situation.

  1. TRUE
  2. FALSE
  

Question 11 :
Statistical method is more frequently used to estimate demand.

  1. TRUE
  2. FALSE
  

Question 12 :
Demand forecasting will help to determine sales target.

  1. TRUE
  2. FALSE
  

Question 13 :
Demand forecasting at firm level involves forecasting the demand for the whole industry.

  1. TRUE
  2. FALSE
  

Question 14 :
Under consumer’s survey method opinion of different expert are collected.

  1. TRUE
  2. FALSE
  

Question 15 :
Expert opinion method is more accurate and reliable.

  1. TRUE
  2. FALSE
  

Question 16 :
Demand forecasting is important for the firms.

  1. TRUE
  2. FALSE
  

Question 17 :
Regression method is prescriptive as well as descriptive.

  1. TRUE
  2. FALSE
  

Question 18 :
Regression method collect historical data on all the selected variables.

  1. TRUE
  2. FALSE
  

Question 19 :
Time Series model does not address any other variables.

  1. TRUE
  2. FALSE
  

Question 20 :
Experimentation in laboratory involves a formation of small laboratory and creating an artificial market situation.

  1. TRUE
  2. FALSE
  

Question 21 :
Trend refers to :

  1. Short-term variations
  2. Long-term movement of data
  3. Perfection
  4. Regression
  

Question 22 :
An average of past observations used to predict future referred to :

  1. Delphi method
  2. Moving average method
  3. Sales
  4. Managerial skill
  

Question 23 :
Which of the following component of time covers analysis referred to long time period?

  1. Trade cycle
  2. Trend
  3. Raulan variation
  4. All of the above
  

Question 24 :
Demand forecasting is always :

  1. Conditional
  2. Unreliable
  3. Accurate
  4. Trustworthy
  

Question 25 :
Seasonal trend refers to :

  1. Cyclical fluctuation
  2. Variations within a year time
  3. Very long period
  4. None of the above
  

Question 26 :
Demand forecasting is an estimate of the _____ demand.

  1. Past
  2. Present
  3. Future
  4. None of these
  

Question 27 :
The methods of demand forecasting is are

  1. Survey method
  2. Statistical method
  3. Only (a)
  4. Both (a) and (b)
  

Question 28 :
The _____ method uses time series data.

  1. Sample survey
  2. Delphi
  3. Laboratory experimentation
  4. Trend
  

Question 29 :
Expert opinion is a _____.

  1. Survey method
  2. Statistical method
  3. both a and b
  4. none of the above
  
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