Description : To maximize market share, a firm may use _____________ pricing, which is based on the theory that as sales volume increases, unit costs will decrease. A. Market-penetration B. Market-skimming C. Value pricing D. Demand pricing E. Price bands
Last Answer : A. Market-penetration
Description : The promotion technique for consumers according to which demonstrations and displays of products made at place of sale is called A. point of purchase promotion B. cents off deals C. sales premium D. advertising specialties
Last Answer : A. point of purchase promotion
Description : Which tool of the promotional mix consists of short-term incentives to encourage the purchase or sale of a product or service? A. Advertising B. Public relations C. Direct marketing D. Sales promotion
Last Answer : D. Sales promotion
Description : An underdeveloped economy is characterized by A. High per capita real income B. Large proportion of labor force in the tertiary sector C. State of deprivation of large proportion of population D. All the above
Last Answer : C. State of deprivation of large proportion of population
Description : In agricultural sector net value added is estimated by A. Income method B. Expenditure method C. Production method D. All the three
Last Answer : C. Production method
Description : In terms of economics, what is an "externality"•? a) Benefits or harm caused by a firm without payment/penalty b) Net income from foreign countries c) Total exports by a country in a given year d) None of the above
Last Answer : a) Benefits or harm caused by a firm without payment/penalty
Description : Under a floating exchange-rate system, if the U.S. dollar depreciates against the Swiss franc: A. American exports to Switzerland will be cheaper in francs B. American exports to Switzerland will ... francs C. American imports from Switzerland will be cheaper in dollars D. None of the above
Last Answer : A. American exports to Switzerland will be cheaper in francs
Description : Under a floating exchange-rate system, if American exports decrease and American imports rise, the value of the dollar will: A. Appreciate B. Depreciate C. Be officially revalued D. Be officially devalued
Last Answer : B. Depreciate
Description : Under a floating exchange-rate system, if American exports increase and American imports fall, the value of the dollar will: A. Appreciate B. Depreciate C. Be officially revalued D. Be officially devalued
Last Answer : A. Appreciate
Description : Under adjustable pegged exchange rates, if the rate of inflation in the United States exceeds the rate of inflation of its trading partners: A. U.S. exports tend to rise and imports tend to fall ... C. U.S. foreign exchange reserves tend to rise D. U.S. foreign exchange reserves remain constant
Last Answer : B. U.S. imports tend to rise and exports tend to fall
Description : Devaluation of currency can correct a Balance of Payments deficit because___ A. It lowers price of exports in foreign currency and rises price of imports in home currency B. It raises price of ... and imports in foreign currency D. It lowers price of exports and imports in home currency
Last Answer : A. It lowers price of exports in foreign currency and rises price of imports in home currency
Description : Nominal GDP is A. The total value of goods and services net of exports B. The total value of goods and services produced during periods of low unemployment C. The total value of goods and services measured at current prices D. The total value of goods and services produced at full employment.
Last Answer : C. The total value of goods and services measured at current prices
Description : Profit-Volume ratio is also known as A. Contribution ratio B. Contribution/Sales ratio C. Marginal Income percentage D. All of the above
Last Answer : D. All of the above
Description : Mr. Narayan, the new national sales manager is learning about the internal organizational environment in her company. She will learn about all the following EXCEPT A. Human resources B. ... C. Service capabilities D. Social and cultural environment E. Research and development activities
Last Answer : D. Social and cultural environment
Description : Jose Suarez has been promoted to sales manager at a new firm and is trying to come up with a sales -force compensation method. He would like to have selling expenses relate directly to ... B)Straight salary C)Straight salary plus generous fringe benefits D)Straight commission E)Salary plus a bonus
Last Answer : D)Straight commission
Description : In India, Inflation measured by the : A. National Income Deflation B. Wholesale Price Index number C. Consumer Price Index D. None of above
Last Answer : C. Consumer Price Index
Description : During the recessionary phase of a business cycle: A. The natural rate of unemployment will increase dramatically B. Potential national income will exceed actual national income C. Actual national income ... national income D. The real rate of interest will exceed the nominal rate of interest.
Last Answer : B. Potential national income will exceed actual national income
Description : What makes India a developing economy? A. Rise in National Income B. Rise in Per Capita Income C. Growing Capital Income D. All of the above
Last Answer : A. Rise in National Income
Last Answer : A. The natural rate of unemployment will increase dramatically
Description : National income is the ……………. Of all the goods and services produced by a country during a period of year A. Physical quantity B. Money value C. Value D. All the three
Last Answer : B. Money value
Description : National income is A. NDP at market prices B. NDP at factor cost C. GNP at market prices.
Last Answer : C. GNP at market prices.
Description : Rate of growth of an economy is measured in term of: A. National Income B. Per Capita Income C. Number of people who have been lifted above the poverty line D. Industrial Development
Last Answer : A. National Incom
Description : When National Income is calculated with reference to a base year, it is called: A. Nominal National Income B. Net National Income C. Real National Income D. Gross National Income
Last Answer : C. Real National Income
Description : National Income is the: A. Net National Product at market price B. Net National Product at factor cost C. Net Domestic Product at market price D. Net Domestic Product at factor cost
Last Answer : C. Net Domestic Product at market price
Description : Which of the following estimates National Income in India: A. Central Statistical Organisation B. National Income Committee C. Planning Commission D. Reserve bank of India
Last Answer : A. Central Statistical Organisation
Description : Forced Savings refer to - (1) Reduction of consumption consequent to a rise in prices (2) Taxes on individual income and wealth (3) Compulsory deposits imposed on income tax payers (4) Provident fund contribution of private sector employees
Last Answer : (1) Reduction of consumption consequent to a rise in prices Explanation: Forced saving is an economic situation in which consumers spend less than their disposable income, not because they want to ... free economy, this situation would normally result in increase in prices and inflow of more goods.
Description : Forced Savings refer to (1) Reduction of consumption consequent to a rise in prices (2) Taxes on individual income and wealth (3) Compulsory deposits imposed on income tax payers (4) Provident fund contribution of private sector employees
Last Answer : Reduction of consumption consequent to a rise in prices
Description : Who are organisational stakeholders? A. Providers of finance B. Customers C. Employees D. Community E. Government F. All of the above
Last Answer : F. All of the above
Description : The organization will never be able to make the necessary changes without A. Top management commitment B. Employees C. Workers D. None of the mentioned
Last Answer : A. Top management commitment
Description : A whistle blower is an employee who A. exposes organizational wrongdoing. B. complains a lot to company management. C. engages in unethical behavior. D. refers disputes with other employees.
Last Answer : A. exposes organizational wrongdoing.
Description : Which one of the following is not recommended as a method for a company to protect itself against sexual harassment charges? A. Develop a zero-tolerance policy on harassment and communicate it to ... and sure punishment to harassers. D. Train managers at all levels on sexual harassment issues.
Last Answer : B. Retaliate swiftly against employees who bring forth charges of harassment.
Description : Ethics are important because A. suppliers prefer to deal with ethical companies. B. customers prefer to deal with ethical companies. C. employees prefer to deal with ethical companies. D. all of the choices.
Last Answer : D. all of the choices.
Description : Directors are __________ of the company A. Employees B. Employers C. Both a) & b) D. None of the above
Last Answer : A. Employees
Description : The following is (are) the indirect labour cost(s) A. Wages paid to storekeeper B. Salary of works manager C. Wages paid to gatekeeper D. All of the above
Description : Profit and Loss Account debit side includes A. Salary B. Discount allowed C. Postage & telegram D. All of the above
Description : What is the mainstay of Indian economy? A. Manufacturing B. Business C. Public sector D. Agriculture
Last Answer : D. Agriculture
Description : What makes India an underdeveloped economy? A. Low Human Development B. High Poverty level C. Dominant Agriculture sector D. All of the above
Description : In which sector of Indian economy will we find a high rate of disguised unemployment? A. Service sector B. Agriculture sector C. Manufacture sector D. Mining sector
Last Answer : B. Agriculture sector
Description : Which of these is a secondary sector A. Manufacturing sector B. Transport C. Forestry D. Animal husbandry
Last Answer : A. Manufacturing sector
Description : Which of these is primary sector A. Communication B. Banking C. Construction D. Poultry farming
Last Answer : D. Poultry farming
Description : Which of these are not included in territory sector? A. Banking B. Insurance C. Agriculture D. Transport
Last Answer : C. Agriculture
Description : Which of the following are characteristics of B.E.P? A. There is no loss and no profit to the firm. B. Total revenue is equal to total cost. C. Contribution is equal to fixed cost. D. All of the above.
Last Answer : D. All of the above.
Description : Carroll's model of social responsibility includes the social responsibilities categories _____________, ____________, and _____________ plus those at the discretion of the firm. ... ; economic responsibilities D. occupational safety; legal responsibilities; economic responsibilities v
Last Answer : B
Description : Benefits derived from social responsibility include; A. enhanced organizational efficiency B. producing better products C. attracting people who want to work for the firm D. both A & C
Last Answer : D. both A & C
Description : Through their contacts, experience, specialization, and scale of operation, ______________ usually offer the firm more than it can achieve on its own. A. manufacturers B. producers C. direct marketers D. intermediaries
Last Answer : D. intermediaries
Description : A firm that bases its price on how it thinks the competitors will price, rather than on its own costs or demand, to win a contract is most likely using A. Going-rate pricing B. Cost-plus pricing C. Perceived-value pricing D. Sealed-bid pricing
Last Answer : C. Perceived-value pricing
Description : A firm has decided to alter its pricing and promotional strategies in response to slower than expected job growth and declining personal incomes. The firm is responding to changes in its: A. Socio-cultural environment B. Political environment C. Economic environment D. Competitive environment
Last Answer : C. Economic environment
Description : "Closed Economy" means : (1) no provision for public sector (2) no provision for private sector (3) economy policy not well defined (4) a country having no imports and exports
Last Answer : (4) a country having no imports and exports Explanation: Closed economy is an economy in which no activity is conducted with outside economies. A closed economy is self-sufficient, meaning that no ... The goal is to provide consumers with everything that they need from within the economy's borders.
Description : The aim of Differentiated Interest Scheme was to provide concessional loans to - (1) weaker section of the society (2) Public Sector Industries (3) Public Limited Companies (4) big exports
Last Answer : (1) weaker section of the society Explanation: The Differential Rate of Interest Scheme, formulated in March 1972, offers financial assistance at concessional rate of interest. 0 4% to those who intend taking up any productive activity and has been tailored for persons whose income is very low.