Examination Paper Semester I: Managerial Economics IIBM Institute of Business Management Semester-1 Examination Paper Managerial Economics Section A: Objective Type (30 marks) • • • This section consists of multiple choices & Short notes type questions. Answer all the questions. Part one carries 1 mark each & Part two carries 5 marks each. MM.100 Part one: Multiple choices: 1. It is a study of economy as a whole a. Macroeconomics b. Microeconomics c. Recession d. Inflation 2. A comprehensive formulation
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Week 2 Assignment Crystal G Tanner BUS640: Managerial Economics Brian Shaw April 23‚ 2012 CH 3. 2. Appalachian Coal Mining believes that it can increase labor productivity and‚ therefore‚ net revenue by reducing air pollution in its mines. It estimates that the marginal cost function for reducing pollution by installing additional capital equipment is MC = 40P where P represents a reduction of one unit of pollution in the mines. It also feels that for every unit of pollution reduction the
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Q.No. 1: What is Managerial Economics.? Explain the nature and scope of Managerial Economics.? Answer: Managerial Economics generally refers to the integration of economic theory with business practice. While economics provides the tool which explain various concepts such as demand‚ supply‚ price‚ competition etc. Managerial economics applies these tools to the management of business‚ in this sense managerial economics is also understood to refer to business economics or applied economics.
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Accounting chapter 7 managerial accounting Exercises Lambert Fabrication‚ Inc.‚ uses activity-based costing data for internal decisions. The company has the following four activity cost pools: Activity Cost Pool Annual Activity Producing units 5‚000 machine-hours Processing orders 1‚000 orders Customer support 200 customers Other Not applicable The "Other" activity cost pool consists of the costs of idle capacity and organization-sustaining costs. The company traces the costs of direct
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Origin of the Term Paper: This term paper is a requirement for the course Managerial Finance (FIN435) under our honorable instructor Md. Lutfur Rahman‚ the Department of Business Administration‚ East West University. Objectives of the study: As a part of the course Managerial Finance‚ we had the opportunity to prepare a term paper on Dividend policy and capital structure of the following DSE listed firms- ← Pran (AMCL) ← BATBC ← Dhaka Fisheries ← National Tea ← Apex
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How do managerial accounting practices benefit business organizations? Nowadays‚ managerial accounting practice is practiced by many successful producers in Japan‚ Korea‚ China and others. Therefore‚ they are able to use their resources effectively and efficiently. Companies practicing managerial accounting are also able to maintain the quality of their products yet still offering reasonable price for their products. Managerial accounting differs from traditional financial accounting practice in
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Managerial Accounting 222 Week 1 Questions 1-1 How does managerial accounting differ from financial accounting? Managerial accounting and financial accounting differs in who the reporting is for and for what purpose. Managerial accounting is for company managers to use to plan‚ control‚ and make decisions regarding specific strategies. Financial accounting is prepared for owners‚ stakeholders‚ creditors‚ and government authorities and is used to verify information regarding the economic
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1. DESCRIBE THE MANAGERIAL LEVEL & MANAGERIAL SKILL IN HOSPITAL ADMINISTRATION MANAGMENT. Management is an art of getting things done through others. It is organized efforts so as to achive the predeterminedgoal. It is continuous process made up of various functions like planning ‚ organization ‚ controlling ‚ directing. A manager is person who is responsible for getting work done through people so he must have some skill “managerial skill”and levels “managerial levels “
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Social responsibility Carroll proposes that the managers of business organizations have four responsibilities: economic‚ legal‚ ethical‚ and discretionary. 1. Economic responsibilities of a business organization’s management are to produce goods and services of value to society so that the firm may repay its creditors and shareholders. 2. Legal responsibilities are defined by governments in laws that management is expected to obey. For example‚ U.S. business firms are required to hire
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MANAGERIAL ECONOMICS Managerial economics‚ or business economics‚ is a division of microeconomics that focuses on applying economic theory directly to businesses. The application of economic theory through statistical methods helps businesses make decisions and determine strategy on pricing‚ operations‚ risk‚ investments and production. The overall role of managerial economics is to increase the efficiency of decision making in businesses to increase profit. ROLE OF MANAGERIAL ECONOMICS Pricing
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