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Saturday, December 3, 2011

Managerial Economics Quiz - 8

1. Public enterprises have shown a very high rate of return of the capital invested
[A]TRUE
[B]FALSE



2. Public enterprises may incur some social costs which private enterprise may not bear.
[A]TRUE
[B]FALSE



3. Pure (Net) profit contains an element of monopoly profit.
[A]TRUE
[B]FALSE



4. Pure inflation starts only after reaching the full employment level.
[A]TRUE
[B]FALSE



5. Pure private goods are completely divisible and to them the principle of exclusion applies in full measure.
[A]TRUE
[B]FALSE



6. Pure public goods must be in the hands of public sector only.
[A]TRUE
[B]FALSE



7. Resources are said to be involuntarily un employed when their wastage occur.
[A]TRUE
[B]FALSE



8. Robert Owen was a railroad builder in America.
[A]TRUE
[B]FALSE



9. Safety needs are those where the person feel important and must also receive recognition from others.
[A]TRUE
[B]FALSE



10. Saving is a private virtue
[A]TRUE
[B]FALSE



11. Scarcity of resources is the root cause of economic problem.
[A]TRUE
[B]FALSE



12. Social costs cannot be included in a firm's account book.
[A]TRUE
[B]FALSE



13. Supply management is related to the volume of supply & its distribution system.
[A]TRUE
[B]FALSE



14. The concept of economic profit differs from that of normal profit.
[A]TRUE
[B]FALSE



15. The concept of selling costs is relevant under perfect competition.
[A]TRUE
[B]FALSE



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