Eco401 Online Quiz No. 3

Question # 1 of 15 ( Start time: 02:34:04 AM ) Total Marks: 1 
Which of the following is NOT regarded as a source of inefficiency in monopolistic competition? 
Select correct option: 

Product diversity. 
Excess capacity. 
The fact that price exceeds marginal cost. 
The fact that long-run average cost is not minimized. 

Question # 2 of 15 ( Start time: 02:34:25 AM ) Total Marks: 1 
An important difference between the approaches of the classical and Keynesian economists use to achieve a macroeconomic equilibrium is that: 
Select correct option: 

Keynesian economists actively promote the use of fiscal policy; the classical economists do not 
Keynesian economists actively promote the use of monetary policy to improve aggregate economic performance; classical economists do not 
classical economists believe that monetary policy will certainly affect the level of output; Keynesians believe that money growth affects only prices 
classical economists believe that fiscal policy is an effective tool for achieving economic stability; Keynesians do not

Question # 3 of 15 ( Start time: 02:34:43 AM ) Total Marks: 1 
If one firm increases its price, in the kinked demand curve model then: 
Select correct option: 

Other firms will also reduce their price. 
Other firms will compete on a non-price basis. 
Other firms will not increase their price. 
Other firms will not change their price. 

Question # 4 of 15 ( Start time: 02:36:09 AM ) Total Marks: 1 
The price elasticity of demand measures the responsiveness of quantity demanded to: 
Select correct option: 

Quantity demanded. 
Quantity supplied. 
Price. 
Output. 

Question # 5 of 15 ( Start time: 02:36:30 AM ) Total Marks: 1 
What is the reason of leftward shift in the demand curve for product A? 
Select correct option: 

A decrease in income if A is an inferior good. 
An increase in income if A is a normal good. 
An increase in the price of a product that is a close substitute for A. 
An increase in the price of a product that is complementary to A. 

Question # 6 of 15 ( Start time: 02:36:50 AM ) Total Marks: 1 
The law of diminishing marginal utility: 
Select correct option: 

Refers to the decrease in total satisfaction as more units of the good are consumed. 
Refers to the fall in additional satisfaction created by consumption of more and more. 
Refers to the units of a good. 
Refers to the idea that total utility is negative. 

Question # 7 of 15 ( Start time: 02:37:04 AM ) Total Marks: 1 
Which of the following is TRUE about L-shaped isoquant? 
Select correct option: 

It is impossible. 
It indicates that the firm could switch from one output to another costlessly. 
It indicates that the firm could not switch from one output to another. 
It indicates that capital and labor cannot be substituted for each other in production. 

Question # 8 of 15 ( Start time: 02:37:31 AM ) Total Marks: 1 
A nation's production possibilities curve is "bowed out" from the origin because: 
Select correct option: 

Resources are not perfectly shiftable between productions of the two goods. 
Capital goods and consumer goods utilize the same production technology. 
Resources are scarce relative to human wants. 
Opportunity costs are decreasing. 

Question # 9 of 15 ( Start time: 02:37:51 AM ) Total Marks: 1 
Which of the following might be considered to be a characteristic of a planned economy? 
Select correct option: 

All income is completely evenly distributed. 
Price is relatively unimportant as a means of allocating resources. 
Goods and services produced reflect consumer sovereignty. 
There is no incentive for people to work hard. 

Question # 10 of 15 ( Start time: 02:38:11 AM ) Total Marks: 1 
Which of the following statements describes the presence of diminishing returns. 
Select correct option: 

The marginal product of a factor is positive and rising. 
The marginal product of a factor is positive but falling. 
The marginal product of a factor is falling and negative. 
The marginal product of a factor is constant. 

Question # 11 of 15 ( Start time: 02:38:39 AM ) Total Marks: 1 
The opportunity cost of an action: 
Select correct option: 

Will be the same for everyone. 
Is the value of the next best alternative. 
Measures the undesirable aspects of that action. 
Is the average amount of unhappiness experienced by everyone involved. 

Question # 12 of 15 ( Start time: 02:38:59 AM ) Total Marks: 1 
When oligopolists collude, they are able to: 
Select correct option: 

Raise price, but not restrict output 
Raise price and restrict output, but not attain the monopoly profit 
Raise price and restrict output, and therefore attain the monopoly profit
Restrict output, but not raise price

Question # 13 of 15 ( Start time: 02:39:23 AM ) Total Marks: 1 
The study of economics basically focuses on: 
Select correct option: 

For whom resources are allocated to increase efficiency. 
How society spends the income of individuals. 
How scarce resources are allocated to fulfill society's goals. 
What scarce resources are used to produce goods and services. 

Question # 14 of 15 ( Start time: 02:39:36 AM ) Total Marks: 1 
A demand schedule is best described as: 
Select correct option: 

A numerical tabulation of the quantity demanded of a good at different prices, ceteris paribus. 
A graphical representation of the law of demand. 
A systematic listing of all the variables that might conceivably bring about a change in demand. 
A symbolic representation of the law of demand: P, Q and P, Q. 

Question # 15 of 15 ( Start time: 02:39:50 AM ) Total Marks: 1 
At any given point on an indifference curve, the the slope is equal to: 
Select correct option: 

Unity. 
The marginal rate of substitution. 
The consumer's marginal utility. 
None of the given options.

................

Question # 1 of 15 ( Start time: 04:33:03 AM ) Total Marks: 1 
In the classical model, given an initial aggregate equilibrium at full employment, the long run effect of an increase in government spending is; 
Select correct option: 

An increase in the price level 
An upward shift of the aggregate demand curve 
A constant level of output 
All of the above

Question # 2 of 15 ( Start time: 04:33:19 AM ) Total Marks: 1 
Graphically, marginal revenue is defined as: 
Select correct option: 

The slope of a line from the origin to a point on the total revenue curve. 
The slope of a line from the origin to the end of the total revenue curve. 
The slope of the total revenue curve at a given point. 
The vertical intercept of a line tangent to the total revenue curve at a given point. 

Question # 3 of 15 ( Start time: 04:33:45 AM ) Total Marks: 1 
Which of the following shows the condition for consumer's equilibrium? 
Select correct option: 

It can be expressed as marginal utility per dollar spent on each good being equalized across all goods. 
It can be expressed as the ratio of (marginal utility per unit of the good)/(price per unit of the good) being equalized across all goods. 
It can be expressed as the ratio of marginal utilities being equated to the ratio of prices for all possible pairs of goods. 
All of the given options. 

Question # 4 of 15 ( Start time: 04:34:09 AM ) Total Marks: 1 
The demand curve facing a perfectly competitive firm is: 
Select correct option: 

The same as its average revenue curve but not the same as its marginal revenue curve. 
The same as its average revenue curve and its marginal revenue curve. 
The same as its marginal revenue curve but not its average revenue curve. 
Not the same as either its marginal revenue curve or its average revenue curve. 

Question # 5 of 15 ( Start time: 04:34:36 AM ) Total Marks: 1 
According to Classical Economists, Economy always remains: 
Select correct option: 

At full employment level. 
Below full employment level. 
Above full employment level. 
None of the given options. 

Question # 6 of 15 ( Start time: 04:35:58 AM ) Total Marks: 1 
A market with few entry barriers and with many firms that sell differentiated products is known as: 
Select correct option: 

Purely competitive 
A monopoly 
Monopolistically competitive 
Oligopolistic 

Question # 7 of 15 ( Start time: 04:36:11 AM ) Total Marks: 1 
A market is said to be in equilibrium when: 
Select correct option: 

Supply equals Price. 
There is downward pressure on price. 
The amount consumers wish to buy at the current price equals the amount producers wish to sell at that price. 
All buyers are able to find sellers willing to sell to them at the current price. 

Question # 8 of 15 ( Start time: 04:36:28 AM ) Total Marks: 1 
Oligopoly differs from monopolistic competition in that an oligopoly includes: 
Select correct option: 

Product differentiation. 
No barriers to entry. 
Barriers to entry. 
Downward sloping demand curves facing the firm. 

Question # 9 of 15 ( Start time: 04:36:49 AM ) Total Marks: 1 
Assume that the current market price is below the market clearing level. We would expect: 
Select correct option: 

A surplus to accumulate. 
Downward pressure on the current market price. 
Upward pressure on the current market price. 
Lower production during the next time period. 

Question # 10 of 15 ( Start time: 04:37:04 AM ) Total Marks: 1 
Demand is elastic when the elasticity of demand is: 
Select correct option: 

Greater than 0. 
Greater than 1. 
Less than 1. 
Less than 0. 

Question # 11 of 15 ( Start time: 04:37:16 AM ) Total Marks: 1 
Business-cycle instability is best corrected through government policies is a primary implication of: 
Select correct option: 

Classical Economists. 
Monetarist. 
J.M. Keynes. 
New Classical Economists. 

Question # 12 of 15 ( Start time: 04:38:41 AM ) Total Marks: 1 
The numerical measurement of a consumer's preference is called: 
Select correct option: 

Satisfaction. 
Use. 
Pleasure. 
Utility. 

Question # 13 of 15 ( Start time: 04:38:57 AM ) Total Marks: 1 
If Competitive markets do not achieve equitable outcomes, then it is called: 
Select correct option: 

Imperfect market structure. 
Market failure. 
Not rational consumers. 
None of the given options. 

Question # 14 of 15 ( Start time: 04:40:13 AM ) Total Marks: 1 
Aggregate demand curve slopes downward for both Keynes and classicals. 
Select correct option: 

True. 
False. 

Question # 15 of 15 ( Start time: 04:41:38 AM ) Total Marks: 1 
The law of diminishing returns assumes: 
Select correct option: 

There are no fixed factors of production. 
There are no variable factors of production. 
Utility is maximised when marginal product falls. 
Some factors of production are fixed.

..................

Question # 1 of 15 ( Start time: 04:49:33 AM ) Total Marks: 1 
Revenue is equal to: 
Select correct option: 

Price times quantity. 
Price times quantity minus total cost. 
Price times quantity minus average cost. 
Price times quantity minus marginal cost. 

Question # 2 of 15 ( Start time: 04:39:40 AM ) Total Marks: 1 
Which of the following is TRUE about L-shaped isoquant? 
Select correct option: 

It is impossible. 
It indicates that the firm could switch from one output to another costlessly. 
It indicates that the firm could not switch from one output to another. 
It indicates that capital and labor cannot be substituted for each other in production.

Question # 3 of 15 ( Start time: 04:50:04 AM ) Total Marks: 1 
The correlation between an asset's real rate of return and its risk (as measured by its standard deviation) is usually: 
Select correct option: 

Positive. 
Strictly linear. 
Flat. 
Negative. 

Question # 4 of 15 ( Start time: 04:50:32 AM ) Total Marks: 1 
When the demand curve is downward sloping, marginal revenue is: 
Select correct option: 

Equal to price. 
Equal to average cost. 
Less than price. 
More than price. 

Question # 5 of 15 ( Start time: 04:50:45 AM ) Total Marks: 1 
The classical economists thought that the economy would quickly overcome any short run instability because: 
Select correct option: 

Price level and quantity were flexible
Prices would get stuck at a low level
The long run aggregate supply would shift to the left 
Prices and wages were flexible

Question # 6 of 15 ( Start time: 04:51:01 AM ) Total Marks: 1 
Suppose we find that the cross-price elasticity of demand for two products is a negative number. We know that: 
Select correct option: 

The two goods are normal goods. 
The two goods are inferior goods. 
The two goods are substitutes. 
The two goods are complements. 

Question # 7 of 15 ( Start time: 04:51:19 AM ) Total Marks: 1 
In the long run, profits will equal zero in a competitive market because of: 
Select correct option: 

The availability of information. 
Identical products being produced by all firms. 
Constant returns to scale. 
Free entry and exit 

Question # 8 of 15 ( Start time: 04:51:36 AM ) Total Marks: 1 
Which of the following is a correct statement about the substitution effect? 
Select correct option: 

The substitution effect is always negative. 
The substitution effect is positive for an inferior good. 
The substitution effect measures how demand changes when income changes. 
The substitution effect is positive for a Giffen good. 

Question # 9 of 15 ( Start time: 04:51:54 AM ) Total Marks: 1 
A price taker is: 
Select correct option: 

A firm that accepts different prices from different customers. 
A monopolistically competitive firm. 
A firm that cannot influence the market price. 
An oligopolistic firm. 

Question # 10 of 15 ( Start time: 04:52:17 AM ) Total Marks: 1 
If the demand curve for a good is downward sloping, then the good: 
Select correct option: 

Must be normal. 
Must be inferior. 
Must be Giffen. 
Can be normal or inferior. 

Question # 11 of 15 ( Start time: 04:52:33 AM ) Total Marks: 1 
If the equilibrium price of bread is Rs. 3 and the government imposes Rs. 2 price ceiling on the price of bread then: 
Select correct option: 

More bread will be produced to meet the increased demand. 
There will be a shortage of bread. 
The demand for bread will decrease because suppliers will reduce their supply. 
A surplus of bread will emerge. 

Question # 12 of 15 ( Start time: 04:52:47 AM ) Total Marks: 1 
At the equilibrium price: 
Select correct option: 

There will be a shortage. 
There will be neither a shortage nor a surplus. 
There will be a surplus. 
There are forces that cause the price to change. 

Question # 13 of 15 ( Start time: 04:53:03 AM ) Total Marks: 1 
The point at which AC intersects MC is where: 
Select correct option: 

AC is decreasing. 
MC is at its minimum. 
AC is at its minimum. 
AC is at its maximum. 

Question # 14 of 15 ( Start time: 04:53:19 AM ) Total Marks: 1 
Microeconomics is the branch of economics that deals with which of the following topics? 
Select correct option: 

The behavior of individual consumers 
Unemployment and interest rates 
The behavior of individual firms and investors 
The behavior of individual consumers and behavior of individual firms and investors. 

Question # 15 of 15 ( Start time: 04:53:37 AM ) Total Marks: 1 
Which one of the following is most likely to lead to an increase in aggregate demand? If there is increase in: 
Select correct option: 

Government tax revenues 
Household savings 
Business capital investment 
Demand for imports

.............

Question # 1 of 15 ( Start time: 04:58:12 AM ) Total Marks: 1 
If two goods were perfect complements, their indifference curves would be: 
Select correct option: 

Straight lines 
L-shaped 
Rectangular hyperbolas 
Parabolic 

Question # 2 of 15 ( Start time: 04:58:26 AM ) Total Marks: 1 
A ***** of modern economists who believe that markets clear very rapidly and that expanding the money supply will always increase prices rather than employment are the: 
Select correct option: 

Keynesians 
Monetarists 
New Classical school 
Post-Keynesians 

Question # 3 of 15 ( Start time: 04:58:39 AM ) Total Marks: 1 
The cross elasticity of demand of complements goods is: 
Select correct option: 

Less than 0. 
Equal to 0. 
Greater than 0. 
Between 0 and 1. 

Question # 4 of 15 ( Start time: 04:58:52 AM ) Total Marks: 1 
In the complete classical model, a rightward shift of the labor supply curve will: 
Select correct option: 

Decrease the price level and increase the nominal wage 
Decrease the nominal wage and increase the price leve 
Decrease both the price level and the nominal wage 
Increase both the price level and the nominal wage 

Question # 5 of 15 ( Start time: 04:59:19 AM ) Total Marks: 1 
In economics, the "long run" is a time period in which: 
Select correct option: 

All inputs are variable. 
All inputs are paid for. 
All outputs are determined. 
All loans are repaid. 

Question # 6 of 15 ( Start time: 04:59:46 AM ) Total Marks: 1 
If a firm operates in a perfectly competitive market, then it will most likely: 
Select correct option: 

Advertise its product on television. 
Have difficult time obtaining information about the market price. 
Settle for whatever price is offered. 
Have an easy time keeping other firms out of the market. 

Question # 7 of 15 ( Start time: 05:00:04 AM ) Total Marks: 1 
Which of the following is considered to be a variable cost in the long run? 
Select correct option: 

Expenditures for wages. 
Expenditures for research and development. 
Expenditures for raw materials. 
All of the given Costs. 

Question # 8 of 15 ( Start time: 05:00:21 AM ) Total Marks: 1 
The law of diminishing returns assumes: 
Select correct option: 

There are no fixed factors of production. 
There are no variable factors of production. 
Utility is maximised when marginal product falls. 
Some factors of production are fixed. 

Question # 9 of 15 ( Start time: 05:00:29 AM ) Total Marks: 1 
According to the law of diminishing marginal utility, as the consumption of particular good increases: 
Select correct option: 

Total utility increases. 
Marginal utility increases. 
Total utility decreases. 
Marginal utility decreases. 

Question # 10 of 15 ( Start time: 05:00:45 AM ) Total Marks: 1 
If the equilibrium price of bread is Rs. 3 and the government imposes Rs. 2 price ceiling on the price of bread then: 
Select correct option: 

More bread will be produced to meet the increased demand. 
There will be a shortage of bread. 
The demand for bread will decrease because suppliers will reduce their supply. 
A surplus of bread will emerge. 

Question # 11 of 15 ( Start time: 05:00:52 AM ) Total Marks: 1 
If there is a price ceiling, there will be: 
Select correct option: 

Shortages. 
Surpluses. 
Equilibrium. 
None of the given options. 

Question # 12 of 15 ( Start time: 05:01:05 AM ) Total Marks: 1 
The demand curve faced by an individual firm in a competitive market is: 
Select correct option: 

Upward sloping. 
Downward sloping. 
Horizontal. 
Vertical. 

Question # 13 of 15 ( Start time: 05:01:25 AM ) Total Marks: 1 
The market structure in which there is interdependence among firms is: 
Select correct option: 

Monopolistic competition. 
Oligopoly. 
Perfect competition. 
Monopoly. 

Question # 14 of 15 ( Start time: 05:01:41 AM ) Total Marks: 1 
A rational person does not act unless: 
Select correct option: 

The action is ethical. 
The action produces marginal costs that exceeds marginal benefits. 
The action produces marginal benefits that exceeds marginal costs. 
The action makes money for the person. 

Question # 15 of 15 ( Start time: 05:02:06 AM ) Total Marks: 1 
The percentage change in quantity demanded given a percentage change in consumer's income is known as: 
Select correct option: 

Price elasticity of demand. 
Income elasticity of demand. 
Supply price elasticity. 
Cross price elasticity.

...................

Question # 1 of 15 ( Start time: 05:07:44 AM ) Total Marks: 1 
What is the reason of leftward shift in the demand curve for product A? 
Select correct option: 

A decrease in income if A is an inferior good. 
An increase in income if A is a normal good. 
An increase in the price of a product that is a close substitute for A. 
An increase in the price of a product that is complementary to A. 

Question # 2 of 15 ( Start time: 05:07:59 AM ) Total Marks: 1 
If utility remains the same for original and new combination of goods consumed, the effect of a change in the price of a good on the quantities consumed will be called as: 
Select correct option: 

Substitution effect. 
Real income effect. 
Income effect. 
Budget effect. 

Question # 3 of 15 ( Start time: 05:08:13 AM ) Total Marks: 1 
The aggregate supply curve is the relationship between the: 
Select correct option: 

Price level and the real domestic output purchased 
Price level and the real domestic output produced 
Price level which producers are willing to accept and the price level purchasers are willing to pay
Real domestic output purchased and the real domestic output produced

Question # 4 of 15 ( Start time: 05:08:28 AM ) Total Marks: 1 
A Natural Monopoly is most likely to exist when: 
Select correct option: 

There are large barriers to entry. 
There are long term patents. 
There are large economies of scale. 
There is government regulation of the industry. 

Question # 5 of 15 ( Start time: 05:08:44 AM ) Total Marks: 1 
This market situation is much like a pure monopoly except that its member firms tend to cheat on agreed price and output strategies. What is it? 
Select correct option: 

Duopoly. 
Cartel. 
Market sharing monopoly. 
Natural monopoly 

Question # 6 of 15 ( Start time: 05:09:03 AM ) Total Marks: 1 
The price elasticity of demand measures the responsiveness of quantity demanded to: 
Select correct option: 

Quantity demanded. 
Quantity supplied. 
Price. 
Output. 

Question # 7 of 15 ( Start time: 05:09:17 AM ) Total Marks: 1 
If there is a price ceiling, there will be: 
Select correct option: 

Shortages. 
Surpluses. 
Equilibrium. 
None of the given options. 

Question # 8 of 15 ( Start time: 05:09:29 AM ) Total Marks: 1 
Which of the following is TRUE about L-shaped isoquant? 
Select correct option: 

It is impossible. 
It indicates that the firm could switch from one output to another costlessly. 
It indicates that the firm could not switch from one output to another. 
It indicates that capital and labor cannot be substituted for each other in production. 

Question # 9 of 15 ( Start time: 05:09:36 AM ) Total Marks: 1 
When government sets the price of a good and that price is below the equilibrium price, the result will be: 
Select correct option: 

A surplus of the good. 
A shortage of the good. 
An increase in the demand for the good. 
A decrease in the supply of the good. 

Question # 10 of 15 ( Start time: 05:10:07 AM ) Total Marks: 1 
Which of the following would cause the short run aggregate supply curve to shift to the left, but have no effect over the long run aggregate supply? 
Select correct option: 

The amount of factors of production (such as labor and capital) increase
The amount of factors of production (such as labor and capital) decrease
Prices of inputs (such as wages or oil prices) increase
Prices of inputs (such as wages or oil prices) decrease

Question # 11 of 15 ( Start time: 05:10:37 AM ) Total Marks: 1 
The long run aggregate supply will shift to the right whenever: 
Select correct option: 

The price level increases 
Factors of production (such as labor and capital) increase 
Expenditures (such as consumption and net exports) increase 
The prices of inputs used to produce goods and services (such as wages and the price of oil) decrease

Question # 12 of 15 ( Start time: 05:10:52 AM ) Total Marks: 1 
unlike the classical economists, Keynes believed that the economy could get stuck in the short run for a significant period of time because: 
Select correct option: 

There was insufficient aggregate supply
There was insufficient aggregate demand
The self correcting mechanisms worked too quickly
The government purchased too many goods and services

Question # 13 of 15 ( Start time: 05:11:43 AM ) Total Marks: 1 
The principle economic difference between a competitive and a non-competitive market is: 
Select correct option: 

The number of firms in the market. 
The extent to which any firm can influence the price of the product. 
The size of the firms in the market. 
The annual sales made by the largest firms in the market. 

Question # 14 of 15 ( Start time: 05:11:58 AM ) Total Marks: 1 
The law of diminishing marginal utility indicates that the demand curve is: 
Select correct option: 

Vertical. 
U shaped. 
Upward sloping. 
Downward sloping. 

Question # 15 of 15 ( Start time: 05:12:12 AM ) Total Marks: 1 
The total utility curve for a risk neutral person will be: 
Select correct option: 

Straight line. 
Convex. 
Concave. 
None of the given options.

..................

Mgt603 Quiz No. 2

Question # 1 of 15 ( Start time: 10:50:58 PM ) Total Marks: 1
Where an organization takes into account the effect of its strategic decisions on the society, the firm is taking care of which of these?
Select correct option:
Corporate governance
Business policy
Business ethics
Social policy





Question # 2 of 15 ( Start time: 10:51:42 PM ) Total Marks: 1
A chance for advancement, progress or profit prevailing in external environment of a company is known as:
Select correct option:
Strength
Weakness
Opportunity
Threat

Question # 3 of 15 ( Start time: 10:52:18 PM ) Total Marks: 1
The organizations that conduct business operations across national borders are known as which of the following?
Select correct option:
Domestic firms
Multinational corporations
Parent companies
Franchises

Question # 4 of 15 ( Start time: 10:52:54 PM ) Total Marks: 1
A planned activity aimed at discovery of new knowledge with the hope of developing new or improved products and services and translation of its findings into a plan or design of new or improved products and services is known as:
Select correct option:
Marketing
Research and development
Production
Management information system

Question # 5 of 15 ( Start time: 10:53:31 PM ) Total Marks: 1
Adding new, unrelated products or services is called:
Select correct option:
Forward integration
Backward integration
Conglomerate diversification
Concentric diversification

Question # 6 of 15 ( Start time: 10:54:38 PM ) Total Marks: 1
Which of the following is best identified as a statement that presents "a firm's big picture statement, describing a desired end-state, general in scope, and not restrictive"?
Select correct option:
Corporate philosophy statement
Company creed
Vision statement
Mission statement

Question # 7 of 15 ( Start time: 10:55:44 PM ) Total Marks: 1
The general conditions for competition that influence business firms, which provide similar products and services is known:
Select correct option:
Remote environment
International environment
External environment
Industry environment

Question # 8 of 15 ( Start time: 10:56:36 PM ) Total Marks: 1
While preparing an External Factor Evaluation matrix, a total score of 0.8 indicates what?
Select correct option:
Firm is taking advantages of strengths and avoiding threats
Firm is not taking advantages of opportunities and is avoiding threats
Firm is not taking advantages of opportunities and is not avoiding threats
Firm is taking advantage of opportunities and is avoiding the threats

Question # 9 of 15 ( Start time: 10:57:43 PM ) Total Marks: 1
Following are the examples of the sectors that are more technologically oriented EXCEPT:
Select correct option:
Textile
Pharmaceutical
Telecommunications
Beverages

Question # 10 of 15 ( Start time: 10:58:21 PM ) Total Marks: 1
What is represented by the pie slice in BCG matrix?
Select correct option:
Relative market share captured by that division
Competitive position possessed by that division
Financial strength of the division in relation to other divisions
Proportion of corporate profits generated by the division

Question # 11 of 15 ( Start time: 10:59:35 PM ) Total Marks: 1
Which one variable falls under the category of the Social, Cultural, Demographic, and Environmental Variable?
Select correct option:
Propensity of people to spend
Buying habits
Level of disposable income
Income differences by region

Question # 12 of 15 ( Start time: 11:00:19 PM ) Total Marks: 1
Business units that have low market share and are operating in slow-growing industry should choose all of the following EXCEPT:
Select correct option:
Distribution efficiency
Production efficiency
New investments
Product innovation

Question # 13 of 15 ( Start time: 11:01:08 PM ) Total Marks: 1
Rehman industries is analyzing the technological forces for the firm which may provide it opportunities and threats for which of the following stage/s of strategic management process?
Select correct option:
Strategy formulation
Strategy implementation
Strategy evaluation
All of the given options

Question # 14 of 15 ( Start time: 11:01:46 PM ) Total Marks: 1
All of the following are Porter's Generic Strategies EXCEPT:
Select correct option:
Differentiation
Hybrid
Cost leadership
Focus

Question # 15 of 15 ( Start time: 11:02:55 PM ) Total Marks: 1
Which one of the following is NOT a key external force?
Select correct option:
Social responsibility
Ozone reduction
Company management
Energy conservation

Another Quiz:-

Question # 1 of 15 ( Start time: 11:08:06 PM ) Total Marks: 1
When a merger or acquisition is not desired by both the parties of merger, then it is known as:
Select correct option:
Divestiture
Takeover
Outsourcing
Integration



Question # 2 of 15 ( Start time: 11:08:44 PM ) Total Marks: 1
Which of the following refers to the belief related to objectives setting that "the future is laden with great uncertainty and that if we try and do not succeed, then we hope our second (or third) attempt will succeed"?
Select correct option:
Managing by hope
Managing by extrapolation
Managing by crisis
Managing by subjectives



Question # 3 of 15 ( Start time: 11:10:05 PM ) Total Marks: 1
Which of the following groups represents the stakeholders of a company?
Select correct option:
The owners of the company
The people who purchases the shares of the company
The people who have a special stake or claim on the company
Are the people who are in the management a company



Question # 4 of 15 ( Start time: 11:10:47 PM ) Total Marks: 1
Which of the following describes a differentiation strategy?
Select correct option:
Higher quality products or services than competitors
Innovation of products or services greater than competition
Providing different products with competences
Offering unique products that are widely valued by customers

Question # 5 of 15 ( Start time: 11:11:38 PM ) Total Marks: 1
Which of the following depicts the signs of strength of a company's competitive position?
Select correct option:
A debt-to-asset ratio below 0.50 and higher EPS.
A website with extensive information about the company and its product line.
An annual R&D and advertising expenditures greater than $10 million.
A strongly differentiated product, a strong or rising market share.



Question # 6 of 15 ( Start time: 11:12:37 PM ) Total Marks: 1
Which of the following is not a strategy-implementation activity?
Select correct option:
Long term goals and objectives
Developing strategy supportive culture
Redirecting marketing efforts
Developing and utilizing information system



Question # 7 of 15 ( Start time: 11:13:31 PM ) Total Marks: 1
To whom a planning horizon of two to five years applies?
Select correct option:
Top management
Middle management
Lower management
All levels



Question # 8 of 15 ( Start time: 11:14:20 PM ) Total Marks: 1
What are historical narratives describing the unique accomplishments of a ***** and its leaders, usually in heroic terms?
Select correct option:
Rites
Sagas
Stories
Myths



Question # 9 of 15 ( Start time: 11:15:22 PM ) Total Marks: 1
Which of the following is one of the Political, Governmental & legal factors?
Select correct option:
Ethical concerns
Traffic congestion
Lobbying activities
Average level of education



Question # 10 of 15 ( Start time: 11:16:01 PM ) Total Marks: 1
Which of the following is an example of Intensive strategies?
Select correct option:
Conglomerate strategy
Forward integration
Market penetration
Retrenchment



Question # 13 of 15 ( Start time: 11:19:25 PM ) Total Marks: 1
Most likely, what was the cash cow in the past?
Select correct option:
Dog
Failure
Question mark
Star



Question # 14 of 15 ( Start time: 11:20:22 PM ) Total Marks: 1
The purpose of an external audit is to prepare a list of which of the following?
Select correct option:
Opportunities and weaknesses
Threats and strengths
Opportunities and threats
Strengths and weaknesses





Question # 15 of 15 ( Start time: 11:20:40 PM ) Total Marks: 1
All of the following would be considered organizational skills and resources that will be used in differentiation strategy EXCEPT which one?
Select correct option:
Strong research and development department
Products designed for ease of manufacture
Corporate reputation for quality and reliability
Creative, talented and skilled personnel


Another Quiz:-

All of the following are functional support roles of Management Information System EXCEPT: 
Select correct option: 

Recording and storing accounting records 
Recording and storing inventory data 
Recording and storing business intelligence data 
The enhanced ability to explore "what if"



Question # 2 of 15 ( Start time: 08:27:56 PM ) Total Marks: 1 
All of the following would represent possible threats to the ABC Company EXCEPT which one of the following? 
Select correct option: 
Entrance of new competitors 
Improved buyer or supplier relationships 
New or revised regulations 
Slow industry/market growth



Question # 3 of 15 ( Start time: 08:29:16 PM ) Total Marks: 1 
Which of the following statements is NOT correct about a mission statement? 
Select correct option: 

It contains the definition of the company's business 
It is called the picture of a company's future. 
It is a statement containing the company's major goals 
It is known as statement of the corporate philosophy


Question # 4 of 15 ( Start time: 08:30:18 PM ) Total Marks: 1 
All of the following strategies are recommended to be perused by Question Mark divisions EXCEPT: 
Select correct option: 

Market penetration 
Market development 
Horizontal integration 
Product development

Mgt613 Online Quiz Announced

Mgt613 Online Quiz Announced OnLine Quiz (No.02)

Production Operations Management (MGT613) Quiz will cover video lecture no.1 to 29

Schedule

Opening Date and Time

January 05, 2011 At 12:01 A.M. (Mid-Night)

Closing Date and Time

January 07, 2011 At 11:59 P.M. (Mid-Night)

MCM301 Assignment 02

Communication Skills- MCM301 Assignment 02
FALL SEMESTER 2010
Q No 1
Read the following article thoroughly and summarize it to one third of the present content while not missing any important point of the article. (10 Marks)

Actions speak louder than words. This phrase can best support and explain the importance and usage of nonverbal communication in our lives. Though Verbal communication is said to be indispensable for the human survival but if noticed, non verbal communication has much greater role to play in the transfer of intended meaning of the message. If you are happy your face smile will say it all, if you are in anger, frowns appearing on your forehead will express your emotions. There are many expressions which even can not be expressed in words and one has to take assistance from non verbal elements. Nonverbal communication can be simply called as the communication without words or it is a form of interpersonal communication which is done with non linguistic means. It includes our gestures, postures, facial expressions, voice tone, proximity, dresses and appearances etc. It has been found that about 60% to 80% of human communication comprises on non verbal communication. Just have a look at your daily routine and you will get to know how much you are incorporating non verbal symbols with your verbal communication in order to convey your message.

For example, some guests have arrived at your home and you are not happy with their arrival. Even then you greet them and welcome them but your facial expressions and body language would convey the unease you are going through by the arrival of the guests. Similarly maintaining an eye contact while speaking conveys that the person is
interested in listening to the other person and it also shows his confidence as well. When a candidate appears for a job interview, his non verbal cues are closely monitored by the interviewee in order to judge his confidence level, the way he has been dressed up also count a lot in interpreting his personality and grooming.

Non verbal communication is dynamic and spontaneous and one of the most important factors that shape the non verbal elements of a ***** of people is the Culture. A ***** of people living in one region establishes a set of norms and values to live their lives. That set of norms can be called their culture. As non verbal communication is all
about actions and these actions are defined under the cultural norms of a society hence these can vary from one society to other. A successful interpretation of the non verbal element of the sender demands that the both sender and receiver should have same understanding of the symbols. It means that in order to perceive the non verbal cue in the right way two persons must have shared common set of beliefs or we can say that they should belong to same culture only then they can not only interpret but can also predict the non verbal cue.

Communication Skills- MCM301 Assignment 02
Predictability is tremendously imperative for interpreters. It refers to the interpreters' unconscious or conscious knowledge of the culturally determined non-verbal elements; through which they are able to predict what exactly is going to be said. If we compare the greeting styles adopted in west and here in our country, a great difference will be found there too. In American culture a man can great a woman by shaking hands and even kiss on the check is considered a more formal and decent way to great a woman. But here in our society, keeping a certain distance from the female while greeting her is compulsory otherwise the person will be considered as ill mannered. There are hundreds of non verbal cues that are specific to a certain culture.
Some are given below.
• In Saudi Arabia, Holding hands or taking someone's elbow is a sign of respect and friendship.
• In Egypt, It is rude to show the sole of your shoe.
• In China, Surprise is expressed with a quick and loud inhalation of air.
• In Thailand, It is rude to put your arm behind someone's chair or to pat his or her back.
• In France, The ok sign means, zero

On the whole, we can say that it is not only the language differences that can hamper in the smooth and effective communication process but non verbal part of the communication can equally create problems in misunderstanding the intended message. Therefore, if a person wishes to have an acceptance in another society, he/she is needed to collect the knowledge of the important non verbal cues along with working on the language proficiency of that region.

Communication Skills- MCM301 Assignment 02
Q No. 2
Correctness is one of the important elements of effective written communication.
Now your task is to rectify the errors you can find in the following business letter.
(5 Marks)
January Four, 2011
A & K Sons. Pvt. Limited.
23 Ferozepur Road
Near Metro Cash & Carry
Lahore.
Deer Sir/Madam,
It is a regretful to invite you to the grand opening of our new office. Refreshments had
been served at 7O' Clock, following a short speech from our new president, Mr. tahir
bukhari. The event will be held at Pearl Continental Hotel Lahore.
Your attendance is highly appreciated.
Thank you.
Best regards,
--------------
Communication Skills- MCM301 Assignment 02
Last Date of Submission: 11th January, 2011
Marks: 15
• Make sure that you upload the solution file before due date. No assignment
will be accepted through e-mail after the due date.
Formatting guidelines
• Use the font style "Times New Roman" and font size "12".
• Compose your document in MS-Word 2003. Any file created in any other
version will not be accepted and marked zero.
• Use black and blue font colors only.
Solution guidelines
• The student will work individually and has to write in the form of an
analytical assignment.
• Give the answer according to question, there will be negative marking for
irrelevant material.
• Make sure you are producing the content in your own expression
• First question is opinion oriented. You can either agree or disagree to the
statement but you have to provide logical arguments to prove your point.
Please note that your assignment will not be graded if:
• It is submitted after due date
• The file you uploaded does not open
• The file you uploaded is copied from some one else
• It is in some format other than .doc
• Cheating or copying of assignment is strictly prohibited. The cheated or
copied assignment will be marked as Zero.

IT430 Quiz No. 2 Announcement

QUIZ 2  Dated: Jan 04, 11

QUIZ II will be held on 10th Jan 2011 and will also remain open on 11th Jan 2011, It is advised that you attempt it as early as possible once it is available to you. Lecture # 26 to 31 will be included in the quiz.

Fall 2010 Mid Term Examination has been published

The result of Fall 2010 Mid Term Examination has been published. The students are advised to check their LMS grade books.   NOTE:   Fall 2010 Final Term Examination will commence on 11th February, 2011 for which the date sheet interface will be launched during the 2nd week of January 2011.

Mgt101 Assignment No. 2 solution

Assignment No2 Solution of MGT-101 (Financial Accounting)

 

Question no1:

Answer:"

 

i. Calculate new provision?

= Sundry debtors – new bad debts

=205000 – 5000

=200,000

New provision = 200,000*5/100

New provision = Rs.10000

ii. Calculate the amount of provision for doubtful debtors to be appeared in

profit and loss account?

Bad debts = 8000

Add: new bad debts = 5000

Add: new provision =10000

Less: Old provision =(6000)

= 17000

 

Balance (Rs.17000) is appear in profit and loss account

iii. Calculate the amount of sundry debtors shown in balance sheet?

Debtors = 205000

Less: new bad debts = 5000

Less: new provision =10000

Balance show in B.S = Rs.190000

 

Question No 2:

Answer:"

Debtor Control Account

Date   No       Narration      Dr. Rs                        Date      No       Narration                  Cr. Rs

 

Bal b/f            25000                                                 Recept fro

                                                                                  Debtors                     35000

Credit sales 50000                                                  Discount                   2000

                                                                                 Bad bdebts              10000

Sale Return              5000

Closing debtors      23000

75000                                                                                     75000