MANAGERIAL ECONOMICS

Father of economics?

• Adam smith

• Charles Babbage

• Martin Luther King

Economics is a________

• Science

• Social science

• Arts

Economics means_____

• Study of wealth of Nations

• Study of commerce

• Study of account

Economics is necessary for______

• Human resources management

• Any society

• Management

Economic is a study of______

• Human behaviour

• Mathematics

• Community

_____ is the primary function of economics.

• Financial study

• Maintaining rules

• Controlling on staff

Micro and macro economics are___________ of economics.

• Function

• Scope

• Objective

Economics is very useful in any business organisation.

• True

• False

In economics cost control means_______

• Determining cost

• Decision of production

• Prepare plan for products

Price determination and cost control both are different things.

• True

• False