Nature & Scope of Economics=Multiple Choice Questions

CHAPTER 1â€"NATURE AND SCOPE OF MANAGERIAL ECONOMICS MULTIPLE CHOICES 1. parentage profit is: a. the residual of sales revenue subtraction the diaphanous accounting costs of doing business. b. a linguistic rule rate of return. c. scotch profit. d. the return on stockholders equity. 2. To maximise value, management must: a. maximize short broaden revenue. b. minimize short run come profit. c. maximize long run profit. d. maximize short run profit. 3. Value maximization is broader than profit maximization because it considers: a. meat revenues. b. radical costs. c. real-world constraints. d. interest rates. 4. Industry profits can be increase by constraints on: a. natural resources. b. imports. c. skilled labor. d. worker wellness and safety. 5. Value maximization theory fails to address the problem of: a. risk. b. uncertainty. c. boring growth. d. self-serving management. 6. Constrained optimization techniques are not intentional to deal with the problem of: a. self-serving management. b. contractual requirements. c. scarce investment funds. d. limited availability of essential inputs. 7. Economic profit qualifieds: a. everyday profits plus opportunity costs. b. business profits minus implicit costs. c. business profits plus implicit costs. d. normal profits minus opportunity costs.

8. The return to owner-provided inputs is an: a. implicit cost. b. scotch rent. c. entrepreneurial profit. d. explicit cost. 9. To be useful, the theory of the firm must: a. refrain from abstraction. b. only consider quantitative factors. c. accurately omen real-world phenomena. d. rely upon realistic assumptions. 10. The value of a firm is equal to: a. the present value of tangible assets. b. the present value of every last(predicate) future revenues. c. the present value of all future cash flows. d. current revenues less current costs. 11. The value of the firm decreases with a decrease in: a. total revenue. b. the discount rate. c. the cost of capital. d. total cost.  If you want to get a full essay, order it on our website: Orderessay

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