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NR-210401 - Managerial Economics and Principles of Accountancy
NR-210401 - Managerial Economics and Principles of Accountancy
4. What is opportunity cost? Give some examples of opportunity cost. How are
these costs relevant for managerial decisions?
5. What do you understand by working capital cycle and what is its importance?
7. Explain the need for public enterprise in India. Do you think public enterprises
as a whole have fulfilled that need?
8. What are financial statements? Why are they needed? How are they prepared?
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Set No.
Code No: NR-210401
2. Define price – elasticity of demand. What are the various degrees of price
elasticity? Illustrate graphically.
4.a) What is meant by Break-Even Analysis? Explain the uses and limitations of
BEP.
b) Appraise the usefulness of Break-Even Analysis for a multiproduct
organization.
6. What is Price discrimination? What are the essential conditions for Price
discrimination?
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Set No.
Code No: NR-210401
2. Define income – elasticity of demand and distinguish its various types. How
does income – elasticity differ from price elasticity of demand?
4. Describe the Break-Even Point with the help of diagram and its uses in
business decision making.
8. Explain the concept of 'Liquidity' and narrate its importance through suitable
examples with some assumed data.
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Set No.
Code No: NR-210401
4. How do you determine BEP in terms of physical units and sales value?
Explain the concepts of margin of safety and the angle of incidence.
7. "Small is Beautiful". Do you think this is the reason for the survival of the sole
trader form of business organisation? Support your answer with suitable
examples.
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