B.COM Economics (Introduction To Business Economics) MCQ's




Question 1 :
_____ refers to the integration of economic theory with business practice.

  1. Business economics
  2. Managerial economics
  3. business planning
  4. None of these
  

Question 2 :
_____ refers to the next best alternative foregone or sacrificed.

  1. Incremental cost
  2. Marginal cost
  3. Opportunity cost
  4. Average cost
  

Question 3 :
The change in total cost resulting from a particular decision of the firm is refer as _____.

  1. Opportunity cost
  2. Average cost
  3. Incremental cost
  4. Marginal cost
  

Question 4 :
The _____ measures the change in the dependent variable with respect to the change in the independent variable.

  1. marginal concept
  2. Cost analysis
  3. Production analysis
  4. None of these
  

Question 5 :
_____ refers to a statement of equality of two expression or economic variables.

  1. Equations
  2. Averages
  3. Functional relation
  4. All of the above
  

Question 6 :
_____ is the per unit value.

  1. Averages
  2. Equations
  3. Functional relation
  4. None of these
  

Question 7 :
Business economics does not involve decision – making process.

  1. TRUE
  2. FALSE
  

Question 8 :
Business economics is the economics of business.

  1. TRUE
  2. FALSE
  

Question 9 :
Business economics is applicable to several area of business.

  1. TRUE
  2. FALSE
  

Question 10 :
There is no uniform pattern as regards to the scope of business economics.

  1. TRUE
  2. FALSE
  

Question 11 :
Cost analysis is more significant than production analysis.

  1. TRUE
  2. FALSE
  

Question 12 :
Business economies is now termed as _____.

  1. Managerial economics
  2. Business economics
  3. None of these
  4. business planning
  

Question 13 :
Market management is crucial for any business economics.

  1. TRUE
  2. FALSE
  

Question 14 :
Capital mangement implies planning of capital expenditure.

  1. TRUE
  2. FALSE
  

Question 15 :
Cost analysis is narrower in scope than production analysis.

  1. TRUE
  2. FALSE
  

Question 16 :
Opportunity cost require ascertainment of sacrifices.

  1. TRUE
  2. FALSE
  

Question 17 :
Incremental concept is closely related to the cost only.

  1. TRUE
  2. FALSE
  

Question 18 :
Equation expresses two expression or variables.

  1. TRUE
  2. FALSE
  

Question 19 :
Functional relationship is denoted by symbol ‘P’.

  1. TRUE
  2. FALSE
  

Question 20 :
Total is the per unit value.

  1. TRUE
  2. FALSE
  

Question 21 :
Many economic decisions depend on marginal analysis.

  1. TRUE
  2. FALSE
  

Question 22 :
An exogenous variable is within an economic model.

  1. TRUE
  2. FALSE
  

Question 23 :
Demand analysis and forecasting is essential for _____.

  1. Business economics
  2. business planning
  3. Managerial economics
  4. None of these
  

Question 24 :
Opportunity costs arise because resources are unlimited.

  1. TRUE
  2. FALSE
  

Question 25 :
_____ is the economics of business or managerial decisions.

  1. Micro economics
  2. Macro economics
  3. Indian economy
  4. Business economics
  

Question 26 :
_____ analysis helps to identity the various factors influencing the demand for a product.

  1. Supply
  2. Demand
  3. Production
  4. Cost
  

Question 27 :
_____ cover topics such as cost concepts, methods of estimating costs etc.

  1. Production analysis
  2. Supply analysis
  3. Cost analysis
  4. Demand analysis
  

Question 28 :
_____ is concerned with planning and control of capital expenditure.

  1. Capital management
  2. Profit management
  3. Market management
  4. None of these
  

Question 29 :
opportunity cost is also called as _____ cost.

  1. Total
  2. Average
  3. Marginal
  4. Alternative
  

Question 30 :
Incremental principle state that, a investment decision is profitable if _____.

  1. revenue increase more than costs
  2. cost reduce more than revenue
  3. both (a) and (b)
  4. None of these
  
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