DEPARTMENT OF ELECTRONICS AND COMMUNICATION ENGINEERING PART- B (Answer any Three) (10X3=30)

INTERNAL TEST – II
Register No. Year/Sem/Sec IV/VIII/B
Industrial Management and 11. Describe price elasticity of demand. (CO1, K1,K2)
Name of Subject Date 19.02.2020
Engineering Economics
Subject/Code EC-T82 Duration 100 Min 12. Elucidate Break Even Analysis. (CO1, K1,K2)
Staff in-Charge Dr. R. SIVAKUMAR Max. Marks 50 13. Explain and prepare balance sheet with suitable example? CO5, K1,K2)
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Course Outcomes: 14. Explain and prepare Profit and Loss Account with suitable example? CO5,
CO1: To explore the knowledge about industrial economics and their applications.
CO5: To study the concepts of financial management. K1,K2)

Knowledge Level: K1 – Remember, K2 – Understand, K3 – Apply, K4 – Analyze and K5 – Evaluate

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PART-A (2X10=20)
1. Define law of demand and state any two of its assumptions. (CO1, K1)
2. What is meant by engineering efficiency and economic efficiency? (CO1, K1)
Staff in-Charge HOD/ECE
3. List any different types of cost with a brief explanation. (CO1, K2)
(NAME OF THE STAFF) (Dr.P.RAJA)
4. Differentiate macro and microeconomics. (CO1, K1)
5. What is meant by circular flow of economy? (CO1, K1,K2)
6. State the single-payment present worth amount. (CO1, K1,K2)
7. State the equal-payment series compound amount. (CO1, K1,K2)
8. What is meant by time value of money? (CO1, K1,K2)
9. When will you apply value analysis to the organization? (CO1, K1,K2)
10. What is Cost ladder? (CO5, K1,K2)
 Staff in-Charge HOD/ECE
(NAME OF THE STAFF) (Dr.P.RAJA)