Description : Why do firms produce goods and services in a market economy?
Last Answer : Feel Free to Answer
Description : Different firms constituting the industry, produce homogeneous goods under (1) monopoly (2) monopolistic competition (3) oligopoly (4) perfect competition
Last Answer : (4) perfect competition Explanation: The fundamental condition of perfect competition is that there must be a large number of sellers or firms. Homogeneous Commodity is the second fundamental condition ... are homogeneous and identical. In other words, they are perfect substitutes for one another.
Last Answer : perfect competition
Description : The fundamental goal of energy management is to produce goods and provide services with_ _ _ A) least cost and least environmental effect. B) high cost and least environmental effect. C) least cost and least environmental effect. D) none of the above
Last Answer : least cost and least environmental effect
Description : The fundamental goal of energy management is a) To produce goods and provide services with the least cost. b) To produce goods and provide services c) To sell goods only d) To give services only
Last Answer : To produce goods and provide services with the least cost.
Description : The fundamental goal of energy management is to ______ A. Produce goods and provide services with least cost and least environmental effects B. Produce goods and provide services with more cost and more ... goods and provide services with No cost and no environmental effects D. All of the above
Last Answer : Produce goods and provide services with least cost and least environmental effects
Description : In determining the scope and nature of services to be performed in public practice, a CPA firm should a. Have in place internal control procedures b. Only perform accounting related services c. ... that the performance of all services is consistent with the firm's members' role as professionals
Last Answer : Determine that the performance of all services is consistent with the firm's members' role as professionals
Description : What is the primary goal of an Ethical Hacker? a. Avoiding Detection b. Determining return on investment (ROI) for security measure c. Resolving security vulnerabilities d. Testing Security Controls
Last Answer : a. Avoiding Detection
Description : what is the primary goal of an Ethical Hacker ? Avoiding detection Testing security controls Resolving security vulnerabilities Determining return on investment for security measures
Last Answer : Resolving security vulnerabilities
Description : ........................may be defined as a method of determining an optimal program of interdependent activities in view of available resources. a. Goal programming b. Linear programming c. Decision making d. None of these
Last Answer : b. Linear programming
Description : An important factor of the preplanning stage in group dynamics is determining what the group is to accomplish; this is known as………………… (a) Goal setting ; (b) Cohesion ; (c) Clarity of purpose ; (d) Group orientation
Last Answer : (c) Clarity of purpose ;
Description : A situation of large number of firms producing similar goods is termed as : (1) Perfect competition (2) Monopolistic competition (3) Pure competition (4) Oligopoly
Last Answer : (1) Perfect competition Explanation: The fundamental condition of perfect competition • is that there must be a large number of sellers or firms. Homogeneous Commodity is the second fundamental condition of a perfect market. The products of all firms in the industry are homogeneous and identical.
Description : Enterpreneurial ability is a special kind of labour that - (1) is hired out to firms at high wages (2) organizes the process of production (3) produces new capital goods to earn interest (4) manages to avoid losses by continual innovation
Last Answer : (2) organizes the process of production Explanation: In economics, factors of production are the inputs to the production process. Factors of production' may also refer specifically to the 'primary factors', ... the other factors of production, land, labor, and capital, in order to make a profit.
Description : Marketing channel refers to _________________ 1. A physical channel for movement of goods in them from the seller to the buyer 2. A set of firms who handle the physical movement of goods from one ... the process of making a product or service available for use or consumption 5. none of these
Last Answer : Different departments of the producer firm which are associated in ensuring delivery of goods to the buyer
Description : Which of these statements BEST describes international marketing ? 1. Developing and performing marketing activities across national boundaries 2. the exporting of goods and services 3. the creation ... . having firms with operations or subsidiaries located in many countries 5. none of these
Last Answer : Developing and performing marketing activities across national boundaries
Description : A tariff is: A. Restriction on the number of export firms B. Limit on the amount of imported goods C. Taxation on imports D. (b) and (c) as mentioned above
Last Answer : Taxation on iTaxation on importsmports
Description : Which of the following is not true of changes in a firm's technological environment? A. New technology allows for new ways of communicating with a firm's customers. B. New technology always ... allow new goods and. services to be developed. D. New technology lowers the production learning curve.
Last Answer : New technology always leads to benefits for firms.
Description : Which of the following are not among the eight components of revenue and volume for the service firm? a. quality quality of the management management b. shipment cost of finished goods c. ... the firm's and the competitor's competitor's locations locations e. competition competition in the area
Last Answer : b. shipment cost of finished goods
Description : Procter & Gamble, like many firms in the consumer packaged -goods industry, is organised by A)function. B)product. C)region. D)types of customers.
Last Answer : B)product
Description : Which of these statements BEST describes international marketing? A)developing and performing marketing activities across national boundaries. B)the exporting of goods and services. C)the creation ... between countries. D)having firms with operations or subsidiaries located in many countries.
Last Answer : A)developing and performing marketing activities across national boundaries.
Last Answer : Perfect competition
Description : Enterpreneurial ability is a special kind of labour that (1) is hired out to firms at high wages (2) organizes the process of production (3) produces new capital goods to earn interest (4) manages to avoid losses by continual innovation
Last Answer : organizes the process of production
Description : Which one of the following conditions correctly describes the manner of determining the sex? (a) Homozygous sex chromosomes (ZZ) determine female sex in birds. (b) XO type of sex chromosomes ... s syndrome, determines female sex. (d) Homozygous sex chromosomes (XX) produce male in Drosophila.
Last Answer : (b) XO type of sex chromosomes determine male sex in grasshopper.
Description : Founded around 1000 AD, Pontificia Fonderia Marinelli is one of the oldest surviving business houses of the world run by the Marinelli family. The Catholic Church accounts for a large percentage of the ... Leaning Tower of Pisa installed one of its products in 2004. What does the company produce?
Last Answer : Church bells.
Description : What was the manufacture of consumer goods is the ultimate goal of?
Last Answer : Need answer
Description : The fundamental goal of energy management is to produce_ _ _ . A) least cost and least environmental effect. B) economical management. C) goods and services. D) none of the above
Last Answer : goods and services.
Description : Fundamental goal of_ _ _ is to produce goals and provide services. A) Energy audit. B) Management. C) Energy management. D) None of the above
Last Answer : Energy management.
Description : Why did the peasants agree to accept advances made by the merchants to produce goods for them in Europe during the 17th and the 18th centuries ? -SST 10th
Last Answer : (i) Disappearing open field system : In the countryside, the open field system was prevailing. i.e.. land was free and anyone could use it for production. But as the population ... their shrinking income from cultivation. It also allowed them a fuller use of their family labour resources.
Description : The system brought workers and machines together in one place to produce goods?
Last Answer : factory
Description : Assertion (A): There are several goods and services that society needs however private sector doesn t produce all of them. Reason (R): Private sector is profit driven. (a) Both A & R are true and R is the correct ... correct explanation of A. (c) A is true but R is false. (d) Both A & R are false.
Last Answer : (a) Both A & R are true and R is the correct explanation of A
Description : Which of the following is not a key activity of an operations manager? a. Understanding Understanding the needs of customer customer b. Continually learning Continually learning c. Managing cash ... d. Exploiting Exploiting technology to technology to produce goods produce goods and ser and services
Last Answer : c. Managing cash flows
Description : Select the reasons, historically speaking, why the modern corporation was established as a legal entity: A. Social benefits flow from corporate institutions. B. Corporations provide an efficient means for raising large ... and for supplying jobs. E. All of the above. F. None of the above.
Last Answer : E. All of the above.
Description : Comparative advantage occurs when (a) A country can produce more goods than anyone else (b) A country has a lower opportunity cost in the production of a good than any other country © A country has more product lines than other countries (d) The exchange rate appreciates.
Last Answer : (b) A country has a lower opportunity cost in the production of a good than any other country
Description : Which of these statement is true about production possibility curve (PPC/PPF) (a) It shows various combinations of two goods which yield same level of satisfaction (b) It shows various combination of two ... (d) It shows various combination of two goods which an economy can produce with a given time
Last Answer : (b) It shows various combination of two goods which an economy can produce with a given amount of resources
Description : The central problem of how to produce is resolved by (a) Demand and supply of factor inputs ; (b) Demand and supply of goods; (c) Relative prices and availability of factors of production ; (d) Government intervention
Last Answer : (c) Relative prices and availability of factors of production