Questions

Q:

__________ of an input is defined as the change in output per unit of change in the input when all other inputs are held constant.

A) Marginal product B) Production function
C) Total product D) Average product
 
Answer & Explanation Answer: A) Marginal product

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Q:

The market for sugar is in equilibrium. If the supply of sugar increases, the equilibrium price of sugar will ________ and the equilibrium quantity will _________.

A) increase; increase B) decrease; decrease
C) increase; decrease D) decrease; increase
 
Answer & Explanation Answer: D) decrease; increase

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Q:

The number of days' sales uncollected is calculated by

A) Dividing accounts receivable by net sales and multiplying by 365. B) Dividing net sales by accounts receivable and multiplying by 365.
C) Dividing accounts receivable by net sales. D) Dividing net sales by accounts receivable.
 
Answer & Explanation Answer: A) Dividing accounts receivable by net sales and multiplying by 365.

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Q:

In each of the questions, four alternatives are given for the Idiom/Phrase. Choose the alternative which best expresses the meaning of the Idiom/Phrase and click the button corresponding to it.

For all intents and purposes

A) For all businesses B) Obliquely
C) Practically D) Almost perfect
 
Answer & Explanation Answer: C) Practically

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Q:

In the following questions, one part of the sentence may have an error. Find out which part of the sentence has an error and click the button corresponding to it. If the sentence is free from error, click the "No error" option.

The King Juan Carlos of Spain(A)/arrived in London today(B)/for a three day visit(C)/No error(D)

A) A B) B
C) C D) D
 
Answer & Explanation Answer: A) A

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Q:

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

At this critical juncture what the company needs is a _______________ marketing strategy.

A) creditable B) adventurous
C) incredible D) credible
 
Answer & Explanation Answer: D) credible

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Q:

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

With his political _____________, the Party President deftly handled the rebellion.

A) temperament B) sagacity
C) attitude D) inexperience
 
Answer & Explanation Answer: B) sagacity

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Q:

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

As a fitness ___________, Deepti is always preaching to her friends about the importance of working out.

A) enthusiasm B) enthusiast
C) enthusiastic D) enthusiastically
 
Answer & Explanation Answer: B) enthusiast

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