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- Question
Black markets are associated with
Options- A. Price floors and the resulting product shortages
- B. Ceiling prices and the resulting product shortages
- C. Price floors and the resulting product surpluses
- D. Ceiling prices and the resulting product surpluses
- Correct Answer
- Ceiling prices and the resulting product shortages
- 1. Chennai-based FMCG company, CavinKare has made an entry into homecare segment by launching a liquid toilet cleaner. The brand name of the toilet cleaner is
Options- A. Tavex
- B. Tex
- C. Texco
- D. Domotex Discuss
- 2. How much loan amount was sanctioned by The World Bank to help India develop its first modern waterway?
Options- A. $575 million
- B. $275 million
- C. $375 million
- D. $475 million Discuss
- 3. Product costs are also called
Options- A. Inventoriable Costs
- B. Voluntary Costs
- C. Vulnerable Costs
- D. None of the above Discuss
- 4. A monopoly is a market that has
Options- A. single seller
- B. single buyer
- C. single seller and single buyer
- D. a seller but no buyer Discuss
- 5. The Business Entity concept means that Discuss
- 6. An improvement in production technology will
Options- A. shift the supply curve to the left
- B. shift the demand curve to the left
- C. shift the supply curve to the right
- D. increase equilibrium price Discuss
- 7. The advantages of being an entrepreneur are
Options- A. making the important decisions
- B. you choose the work you like to do
- C. opportunity to be your own boss
- D. All of the above Discuss
- 8. A person should consume more of something when its marginal cost
Options- A. Benefit exceeds its marginal cost
- B. Marginal cost exceeds its benefit
- C. Benefit deceeds its marginal cost
- D. None of the above Discuss
- 9. Performance goals are used to
Options- A. measure productivity
- B. determine a worker's attitude
- C. measure effectiveness, but not efficiency
- D. communicate nonverbally Discuss
- 10. What is the main motive behind dealer incentives?
Options- A. encouraging the maximum number of sales of the manufacturers products
- B. to maintain a permanent deal
- C. maintaining good dealer-manufacturer relationships
- D. ensuring that the customer gets the best possible deal Discuss
Business Awareness problems
Search Results
Correct Answer: Tex
Correct Answer: $375 million
Correct Answer: Inventoriable Costs
Explanation:
Product costs are also called Inventoriable Costs, since the product costs are used to value their goods in inventory.
Correct Answer: single seller
Explanation:
A monopoly is a market that has a single seller of a unique product in the market. He does not have any competition in the market as he has no substitute product for the product he is selling.
Correct Answer: The Business Entity concept is also called as Separate Entity or Economic Entity concept This concept states that the transactions and all the balances related or associated with a business must be recorded or accounted separately from other businesses or the individual personal transactions
Correct Answer: shift the supply curve to the right
Explanation:
An improvement in production technology will shift the supply curve to the right.
Correct Answer: All of the above
Correct Answer: Benefit exceeds its marginal cost
Correct Answer: measure productivity
Explanation:
Performance goals are used to measure productivity.
Correct Answer: encouraging the maximum number of sales of the manufacturers products
Explanation:
The main motive behind dealer incentives is to give the products at some low price for the dealers who take the products in bulk and maintain good selling of these products.
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