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Production function represents the relationship between
A) Total cost and total revenue B) Total cost and quantity produced
C) Quantity produced and total revenue __D) Inputs and outputs

A good with a price elasticity of demand greater than one is considered to be

A) Elastic B) Inelastic C) Unit elastic D) Perfectly inelastic
What type of pricing strategy involves setting prices low to quickly gain market
share ?

A) Cost-plus pricing B) Skimming pricing

C) Penetration pricing D) Premium pricing

What type of demand forecasting involves using historical sales data to predict future
demand ?

A) Time-series analysis B) Regression analysis

C) Judgmental forecasting D) Causal forecasting

What is the term used to describe a period of economic contraction characterized

by decreasing Gross Domestic Product (GDP), rising unemployment, and declining
investment ?

A) Business cycle B) Economic recession

C) Inflation D) Gross Domestic Product (GDP)
Sec. 149 deals with

A) Meeting of audit committee B) No. of directors

C) Register of shareholders D) None of the above

Every public company must at least have directors.

A) 3 B) 1 C) 2 D) 5

A person stays in India in more than 182 days can be a director.

A) Women B) Resident C) Independent D) Additional
Who can file a petition for winding up ?

A) The company B) The director C) The court D) The liquidator
The is a quasi judicial body in India that adjudicates issues relating to
Indian Companies.

A) The court B) National Company Appellate Tribunal

C) Securities Exchange Board of India D) None