Managerial Economics MCQs

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Economics MCQs → Managerial Economics MCQs from 41 to 45
FEATURED MANAGERIAL ECONOMICS MCQ
1. What is meant by entrepôt trade?
(A) Trade among three countries
(B) Importing duty-free goods only
(C) Re-importing goods previously exported
(D) Re-exporting goods previously imported

ANSWER: MANAGERIAL ECONOMICS MCQ
1. (D) Re-exporting goods previously imported

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41. The conflict of interest between owners of a company and the management of the company is termed as
(A) company dilemma
(B) company trade-off
(C) owner-manager problem
(D) principal-agent problem

42. The term “oligopoly” means
(A) monopoly
(B) few sellers
(C) socialism
(D) many sellers

43. In a monopolistic competition, a business finds its maximum-profit position where
(A) MR > MC
(B) MR < MC
(C) MR = MC
(D) MR + MC = 1

44. In a perfect competition, maximum profit occurs where marginal revenue equals
(A) price
(B) cost
(C) marginal cost
(D) marginal profit

45. A businessman or a company should accept investments that have _____ net present values.
(A) positive
(B) negative
(C) zero
(D) constant

ANSWERS: MANAGERIAL ECONOMICS MCQS
41. (D) principal-agent problem
42. (B) few sellers
43. (C) MR = MC
44. (A) price
45. (A) positive