Economics MCQs

Page No. 157

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


aIndustrial


bService


cAgriculture


dTrade


View Answer Agriculture

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


acope with unforeseen changes


bmaximize growth.


cminimize conflict within the firm


dboth options one and three



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


aTo increase competition


bTo reduce uncertainty


cTo achieve faster growth


d To achieve economies of scale



Identify below those who are not stakeholders in a company ?


aOwners


bCustomers


cEmployees


dNone of the above


View Answer None of the above

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


ahorizontal


bvertical


chomogeneous


dconglomerate


View Answer horizontal

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


a horizontal


bvertical


cconglomerate


dhomogeneous


View Answer vertical

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


acontestable


bperfectly competitive


coligopolistic


dexport-oriented


View Answer oligopolistic

If firms satisfice this means that ?


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


bobjectives such as profit are not maximized


cshort-run profits are maximized


dlong-run profits are maximized



Firms that engage in satisficing behavior are likely to be ?


aLike other firms in their industry.


bgrowth maximisers.


cleading firms in their industry


dunlike other firms in their industry



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


aWilliamson’s


b classical economic


cMarxist


dmonetarist


View Answer Williamson’s

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