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.Management Sciences
Category: Economics Mcqs
Money that a government has required has required to be accepted in settlement of debts is ?
A. barter money
B. currency value
C. legal tender
D. commodity money
Americans proclaim the need for honesty but cheat on their tax returns This situation indicates that_____________?
A. the overt culture is consistent
B. Americans often follow a covert culture in actual behavior
C. there is no covert culture in the United States
D. people are only human
Which of the following is most likely to produce scientific evidence about a theory ?
A. A lawyer employed by Renault addressing the impact of air bags on passenger safety.
B. An economist permanently employed at a leading university analyzing the impact of bank regulations on lending to small businesses
C. An economist employed by the Trades union congress doing research on the impact of trade policy on workers’ wages
D. A radio talk show host collecting data from listeners on how capital markets respond to taxation
What is called the stock that sells at a high price ?
A. Blue chip
B. Blue Chipper
C. An extremely valuable asset or property
D. All of these
Which of the following is not true with regard to workers who have a high value of marginal product? These workers ?
A. have skills that are in relatively scarce supply
B. produce output for which there is great demand
C. usually have little capital with which to work
D. are usually highly paid
Where ‘Nikkei Stock average’ applies ?
A. Mainly to Korean equities
B. Mainly to international equities
C. Mainly to Japanese equities
D. Mainly to US equities
Given a two-country world, suppose Japan devalues the yen by 20 percent and west German devalues the mark by 15 percent This result is a (an)?
A. appreciation in the value of both currencies
B. depreciation in the value of both currencies
C. appreciation in the value of the yen against the mark
D. depreciation in the value of the yen against the mark
To say that American music is the best in the world is an example of__________________?
A. ethnocentrism
B. cultural relativity
C. the truth
D. a value
Knowing the workings of a car engine represents which kind of knowledge ?
A. normative
B. cognitive
C. rule oriented
D. value oriented
All of the following considered to be drawbacks of local marketing EXCEPT ?
A. it can drive up manufacturing and marketing costs by reducing economies of scale
B. it can create logistical problems when the company tries to meet varied requirements
C. it can attract unwanted competition
D. it can dilute the brand’s overall image
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