This quiz works best with JavaScript enabled. Home > Finance > Economics > Business Economics > Business Economics – Quiz 37 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Business Economics Quiz 37 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Integrating floatation costs into the examination of a task will A) Increase the NPV of the venture. B) Have no impact on the current worth of the venture. C) Increase the task's pace of return. D) Increase the underlying money outpouring of the task. Show Answer Correct Answer: D) Increase the underlying money outpouring of the task. 2. Match list I and list II and choose the correct answer using the codes given belowList I (Economist) List II (Book)A. Adam Smith 1. EconomicsB. Marshall 2. Wealth of nationsC. Robbins 3. Nature and Significance of Economic ScienceD. Samuelson 4. Principles of Economics A) A-2, B-1, C-4, D-3. B) A-2, B-4, C-3, D-1. C) A-1, B-2, C-3, D-4. D) A-4, B-3, C-2, D-1. Show Answer Correct Answer: B) A-2, B-4, C-3, D-1. 3. This type of entrepreneur has the goal of changing society for the better or helping others. A) Serial. B) Lifestyle. C) Social. D) Business. Show Answer Correct Answer: C) Social. 4. Which of the following government actions is most likely to stimulate the economy: A) Printing less money. B) Borrowing more money. C) Raising the prime interest rate. D) Lowering tax rates. Show Answer Correct Answer: D) Lowering tax rates. 5. In what ways to change the price of the product?That causes excess demand (Excess Demand) A) Selling rice at the price level at the merit is lower than the rice price in the market. B) Boonmee sells rice at a price level that is equal to the price of rice in the market. C) Boonmee sells rice at a higher price level than the rice price in the market. D) Wrong. Show Answer Correct Answer: A) Selling rice at the price level at the merit is lower than the rice price in the market. 6. Removal of Government restrictions is called ..... A) Liberalization. B) Investment. C) Unfavourable trade. D) None of the above. Show Answer Correct Answer: A) Liberalization. 7. John only had $ 40 to spend and couldn't decide whether to buy a new pair of jeans or to go to an amusement park. He finally decided to spend his money on the amusement park. What was the opportunity cost of his decision? A) $ 40. B) No opportunity cost was involved. C) Trip to amusement park. D) New pair of jeans. Show Answer Correct Answer: D) New pair of jeans. 8. Socialist economy is characterised by- A) Secondary role of price mechanism. B) Relative equality of income. C) Selective production of goods. D) All of the above. Show Answer Correct Answer: D) All of the above. 9. Collusion most frequently occurs in industries that are A) Oligopolistic. B) Monopolistically competitive. C) Monopolistic. D) Perfectly competitive. Show Answer Correct Answer: A) Oligopolistic. 10. Stock of money held by the public at a point of time is called A) Money Supply. B) Demand for Money. C) Money Flow. D) Velocity of Money. Show Answer Correct Answer: A) Money Supply. 11. 'Goods' are usually physical items A) False. B) True. Show Answer Correct Answer: B) True. 12. New Economic Policy was introduced on ..... A) 24th Jan 1991. B) 26th Jan 1991. C) 24th July 1991. D) 24th July 1990. Show Answer Correct Answer: C) 24th July 1991. 13. ..... refers to the total additional cost or benefits of implementing a managerial decision. A) Explicit. B) Implicit. C) PPC. D) Incremental. Show Answer Correct Answer: D) Incremental. 14. The law of variable proportions is said to exist when A) There are only two variable factors. B) There is a fixed factor and a variable factor. C) All factors are variable. D) None of above. Show Answer Correct Answer: B) There is a fixed factor and a variable factor. 15. Elasticity of demand measure A) Sensitivity of sales to change in a particular causal factor. B) Sensitivity of production to change in a particular cost. C) Value of price and cost. D) Volume of product. Show Answer Correct Answer: A) Sensitivity of sales to change in a particular causal factor. 16. Economic growth would most likely be stimulated by ..... A) Increases in membership of labour unions. B) Faster rates of technological progress. C) Consumption of more consumer goods. D) Higher unemployment rates. Show Answer Correct Answer: B) Faster rates of technological progress. 17. A company's security policy can prevent certain data from passing through its firewall. A) False. B) True. Show Answer Correct Answer: B) True. 18. When you are making decisions should you satisfy needs or wants first? A) Needs. B) Wants. Show Answer Correct Answer: A) Needs. 19. Snob effect speaks of conspicuous consumption A) False. B) True. Show Answer Correct Answer: B) True. 20. Demand for essential goods and services is volatile A) False. B) True. Show Answer Correct Answer: A) False. 21. The most powerful person in any corporation is A) The chairperson of the board. B) The most knowledgeable stockholder. C) The chief operating officer. D) The president of the company. Show Answer Correct Answer: A) The chairperson of the board. 22. In the case of inferior goods, the income elasticity of demand is ..... A) Positive. B) Negative, positive. C) Positive, negative. D) Negative. Show Answer Correct Answer: D) Negative. 23. The money left over after the costs of running the business have been paid A) Profit. B) Margin costs. C) Expense. D) Gross profit. Show Answer Correct Answer: A) Profit. 24. Capital is not an essential element in: A) Employment. B) Profession. C) Business. D) None of these. Show Answer Correct Answer: A) Employment. 25. Which of the following market structures results in allocative efficiency? A) Perfect Competition. B) Monopolistic Competition. C) Oligopoly. D) Monopoly. Show Answer Correct Answer: A) Perfect Competition. 26. For the law of demand, the assumption of ceteris paribus means that all variables are heldconstant except: A) Consumer tastes and preferences. B) Consumer income. C) Own price and quantity demanded. D) The number of consumers in the market. Show Answer Correct Answer: C) Own price and quantity demanded. 27. Assumptions of the Indifference Curve theory are: A) Rationality. B) Ordinality. C) Diminishing MRS. D) All of the above. Show Answer Correct Answer: D) All of the above. 28. What is the goal of a firm? A) To make profits. B) To maximize profits. C) To maximize revenue. D) None of the above. Show Answer Correct Answer: B) To maximize profits. 29. If a government wants to decrease economic growth, it would use a contractionary fiscal policy that might involve A) Increasing taxes. B) Decreasing unemployment. C) Decreasing regulations. D) Increasing government spending. Show Answer Correct Answer: A) Increasing taxes. 30. Which of the following is an external factor that could influence a consumer when making a purchase decision? A) Psychological. B) Finance (availability and cost). C) Social and cultural. D) Ethical and environmental considerations. Show Answer Correct Answer: B) Finance (availability and cost). ← PreviousNext →Related QuizzesEconomics QuizzesFinance QuizzesBusiness Economics Quiz 1Business Economics Quiz 2Business Economics Quiz 3Business Economics Quiz 4Business Economics Quiz 5Business Economics Quiz 6Business Economics Quiz 7Business Economics Quiz 8 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books