MG2452 Engineering Economics and Financial Accounting Question Bank : dmice.ac.in
Name of the College : DMI College OF Engineering
Subject : Engineering Economics and Financial Accounting
Website : dmice.ac.in
Document type : Question Bank
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DMI Engineering Economics & Accounting Question Paper
Year: IV – IT & CSE :
Unit-I
Part-A :
1. Define Economics.
2. Define Managerial Economics.
3. What are the factors of production related with economics?
4. Define concept of Firm.
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5. Mention Objectives and Goals of a Firm?
6. State the Difference between Managerial Economics and Economics.
7. Give the Limitations of Sole Proprietorship?
8. Define Partnership.
9. State the Difference between Private sector and public sector.
10. List the advantages of Co-operative.
11. What are all the characteristics of Decision Making?
12. State the importance of Decision making?
13. List the main phases of Decision Making?
14. What are all the tools used in Decision Analysis?
15. Types of Decision making Environment?
16. Distinguish between Firm and Industry.
17. What do you mean by Engineering Economics?
18. How does managerial economics help in Business decision making?
19. Write any two differences between Micro and Macro Economics?
20. What do you mean by Incremental Cost Concept?
Part-B :
1. What are the other related topics than microeconomic theories in managerial economics? How do they contribute to the managerial economics?
2. Write a note on the nature and scope of managerial economics.
3. “Managerial economics is the integration of economic theory with business practice or the purpose of facilitating decision making and forward planning by management?” Explain.
4. How does the study of managerial economics help a business manager in decision –making? Illustrate your answer with examples from production and pricing issues.
5. What is the controversy on profit maximization hypotheses? How will you react to the controversy?
6. Profit maximization remains the most important objectives of business firms in spite of multiplicity o alternatives business objectives.
7. Explain Managerial Economics with other disciplines which deal with the application of Economic theory to business management.
8. What are the major areas of business decision making? How does economic theory contribute to managerial decisions?
9. Discuss the nature and scope of managerial economics. What are the other related disciplines?
10. Explain the concept of firm with their types.
Unit-II
Part-A :
1. What is meant by Demand?
2. Define Elasticity of Demand.
3. What are inferior Goods? Give Examples?
4. Give the formulae for measuring price elasticity of demand?
5. State the common factor influencing Demand and Supply?
6. What is Demand Forecasting?
7. What is Delphi Technique?
8. Distinguish between Prediction and Forecasting.
9. What are all the advantages and disadvantages of Demand Forecasting?
10. What are consumer’s Goods and Producer’s Goods?
11. What is meant by Cross Elasticity?
12. Define Supply.
13. State Supply function and the Demand function.
14. Mention the types of demand.
15. Define elasticity of supply.
16. What is domestic and Industrial Demand?
17. What are the characteristics of demand?
18. State law of supply with diagram.
19. List out the various demand determinants.
20. What is sales forecasting?
Part-B :
1. What are the different techniques of survey methods? Under what conditions are complete enumeration and sample survey methods are chosen?
2. What are the determinants of elasticity of supply? Explain in detail the elasticity of supply.
3. Discuss critically the different methods of demand forecasting.
4. What is supply? Explain the supply determinants and its functions.
5. Explain in detail about the Types of Demand with various goods.
6. What is concept of Elasticity of demand? Discuss the various types of elasticity of demand with illustrations.
7. Explain in detail about demand function and Demand Shift?
8. Explain the various types of supply elasticites.
9. Define law of demand. Why does the demand curve slopes downward?
10. What are the reasons for the exceptions of the Demand Curve?
State law of supply with diagram