Economics MCQs

Page No. 157

_________ is the backbone of the Pakistan economy and the mainstay of our national economic life?


aIndustrial

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bService

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cAgriculture

✓


dTrade

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View Answer Agriculture

When firm build in Organizational slack they do this in order to ?


acope with unforeseen changes

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bmaximize growth.

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cminimize conflict within the firm

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dboth options one and three

✓



Which of the following is NOT a common reason for a merger?


aTo increase competition

✓


bTo reduce uncertainty

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cTo achieve faster growth

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d To achieve economies of scale

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Identify below those who are not stakeholders in a company ?


aOwners

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bCustomers

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cEmployees

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dNone of the above

✓


View Answer None of the above

The merger of two clothing firms would be a ____ merger?


ahorizontal

✓


bvertical

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chomogeneous

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dconglomerate

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View Answer horizontal

The merger of fiber producer and a clothing firm would be _____ merger?


a horizontal

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bvertical

✓


cconglomerate

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dhomogeneous

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View Answer vertical

Sales maximization is likely to take place in markets that are ?


acontestable

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bperfectly competitive

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coligopolistic

✓


dexport-oriented

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View Answer oligopolistic

If firms satisfice this means that ?


amanagers need to be paid enough to stop them leaving the company

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bobjectives such as profit are not maximized

✓


cshort-run profits are maximized

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dlong-run profits are maximized

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Firms that engage in satisficing behavior are likely to be ?


aLike other firms in their industry.

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bgrowth maximisers.

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cleading firms in their industry

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dunlike other firms in their industry

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Galbraith’s idea that firms are controlled by a technostructure supports _________ theories?


aWilliamson’s

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b classical economic

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cMarxist

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dmonetarist

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View Answer Williamson’s

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