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Befa Important Questions

This document outlines the content of 5 units related to managerial economics and accounting. Unit 1 discusses the nature, scope and importance of managerial economics, national income, money supply, business cycles, and sources of capital. It also explains the role of managerial economists and multi-disciplinary nature of economics. Unit 2 covers demand analysis, elasticity of demand, demand forecasting, and supply analysis. Unit 3 explains the law of diminishing returns, production functions, perfect competition, methods of pricing, and cost analysis. Unit 4 discusses accounting concepts like debits/credits, maintaining books of accounts, accounting equation, and accounting functions. Unit 5 defines ratio analysis and its advantages/disadvantages and classification of ratios.

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kruthi reddy
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257 views5 pages

Befa Important Questions

This document outlines the content of 5 units related to managerial economics and accounting. Unit 1 discusses the nature, scope and importance of managerial economics, national income, money supply, business cycles, and sources of capital. It also explains the role of managerial economists and multi-disciplinary nature of economics. Unit 2 covers demand analysis, elasticity of demand, demand forecasting, and supply analysis. Unit 3 explains the law of diminishing returns, production functions, perfect competition, methods of pricing, and cost analysis. Unit 4 discusses accounting concepts like debits/credits, maintaining books of accounts, accounting equation, and accounting functions. Unit 5 defines ratio analysis and its advantages/disadvantages and classification of ratios.

Uploaded by

kruthi reddy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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UNIT -1

1. a) Discuss the nature & Scope of Managerial economics.


b) Explain about micro and macro economics.
2. a) Explain the concept and importance of national income.
b) Explain role of money supply in inflation
3. a) Write the features and phases of Business Cycle.
b) What are the various sources of capital for a company?
Explain.
4. a) Explain the role of managerial economist.
b) Write about multi-disciplinary nature of economics.
5. Explain about different types of business entities.
UNIT -2

1. What is demand analysis? Explain the factor influencing


the demand for a product?
2. What is meant by elasticity of demand? How do you
measure it? What are determinants of elasticity of
demand?
3. What is the utility of demand forecasting? What are the
criteria for a good forecasting method? Forecasting of
demand for a new product? Economic indicators'
4. Explain types of elasticity of demand.
5. Define supply analysis? Explain different types of elasticity
of supply.
UNIT -3
1. Why does the law of diminishing returns operate? Explain
with the help of a diagram.
2. Explain in detail about production function two variable
input (Iso quant and Iso cost)
3. Explain the features of perfect competition. Narrate the
stages of product life cycle on the basis of price.
4. Illustrate the different methods of pricing.
5. Differentiate perfect and imperfect markets
b) Explain the features of perfect and imperfect markets

6. A) Explain different types of cost functions.


B) Explain cost output relationship in short run and long
run.
7. A) Explain the utility of BEA in managerial decision making.
B) How do you explain break even chart? Explain.
8. Problems on break even analysis.
UNIT-4
1. A) Every “debit” must have corresponding “Credit”.
Explain.
B) How do you validate various items given in a trial
balance?
2. A) What are the rules of maintaining of books of account?
Explain
b) Explain how a ledger account can be maintained?
3. What are accounting concepts and conventions? Discuss in
detail.
4. Explain in brief about accounting equation? Define
accounting? And write the advantages and disadvantages
of accounting.
5. A) Write about the users of accounting information?
B) Explain about Accounting cycle.
6. A) Explain the different branches of accounting?
B) Explain the functions of accountant?
7. Problems on Journal.
8. Problems on ledger
9. Problems on Trial balance
10. Problems on Final Accounts
UNIT -5
1. Define Ratio analysis. Explain the advantages and
disadvantages of ratios
2. Explain in detail about classification of ratio
3. Problems on ratio analysis

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