Question 151 : The aim of demand forecasting is to perceive ______ demand for the product.
- Present
- future
- Past
- None of these
Question 152 : The _____ method uses time series data.
- Trend
- Statistical
- Survey
- None of these
Question 153 : Demand forecasting is very essential to fix ______ target.
- Production
- None of the above
- sales
Question 154 : Demand forecasting is an estimate of the ______ demand.
- Present
- Past
- None of the above
- future
Question 155 : Statistical method is called qualitative method.
- true
- false
Question 156 : Under consumer survey method the consumers are interviewed directly.
- true
- false
Question 157 : In test marketing method, a market experiment is performed under artificial market situation.
- true
- false
Question 158 : Statistical method is more frequently used to estimate demand.
- true
- false
Question 159 : Demand forecasting will help to determine sales target.
- true
- false
Question 160 : Demand forecasting at firm level involves forecasting the demand for the whole industry.
- true
- false
Question 161 : Under consumers survey method opinion of different expert are collected.
- true
- false
Question 162 : Expert opinion method is more accurate and reliable.
- true
- false
Question 163 : Demand forecasting is important for the firms.
- true
- false
Question 164 : Regression method is prescriptive as well as descriptive.
- true
- false
Question 165 : Regression method collect historical data on all the selected variables.
- true
- false
Question 166 : Time Series model does not address any other variables.
- true
- false
Question 167 : Experimentation in laboratory involves a formation of small laboratory and creating an artificial market situation.
- true
- false
Question 168 : Trend refers to :
- Short-term variations
- Long-term movement of data
- Perfection
- Regression
Question 169 : An average of past observations used to predict future referred to :
- Delphi method
- Moving average method
- Sales
- Managerial skill
Question 170 : Which of the following component of time covers analysis referred to long time period?
- Trade cycle
- Trend
- Raulan variation
- All of the above
Question 171 : Demand forecasting is always :
- Conditional
- Unreliable
- Accurate
- Trustworthy
Question 172 : Seasonal trend refers to :
- Cyclical fluctuation
- Variations within a year time
- Very long period
- None of the above
Question 173 : Demand forecasting is an estimate of the _____ demand.
- Past
- Present
- Future
- None of these
Question 174 : The methods of demand forecasting is are
- Survey method
- Statistical method
- Only (a)
- Both (a) and (b)
Question 175 : The _____ method uses time series data.
- Sample survey
- Delphi
- Laboratory experimentation
- Trend
Question 176 : Expert opinion is a _____.
- Survey method
- Statistical method
- both a and b
- none of the above
Question 177 : Production function refers to _____ of input into output.
- transformation
Question 178 : Addition made to total product by adding on extra unit of labour is defined as the _____ of labour.
- marginal product
Question 179 : A producers output equilibrium is determined at the point of _____ between isovant and isocost lines.
- tangency
Question 180 : A proportional increase in output in relation to the charge in input implies _____ returns to scale.
- minimum
- constant
- maximum
- None of these
Question 181 : When percentage change in output is greater than that of input, it is the phenomenon of _____ returns to scale.
- constant
- increasing
- None of these
- decreasing
Question 182 : When marginal product is zero total product is _____.
- constant
- minimum
- None of these
- maximum
Question 183 : Labour economy is caused by ______.
- Better organisation
- Time management
- Specialisation/division of labour
- Mangerial Efficieny
Question 184 : When managerial costs per unit declines it is the case of ______.
- Managerial economy
- none of there
Question 185 : A double decker bus is an example of ______ economy of increased dimension.
- Technical
Question 186 : A firm experiences ______ economics of scale when its size expands.
- none of there
- External
- Internal
Question 187 : Localisation of industry confers ______ economic to the clustering firm.
- Internal
- none of there
- External
Question 188 : ______ refers to total product per unit of variable factor.
- average product
Question 189 : ______ is the functional relationship between physical input and output.
- Management function
- production function
- Labour function
- None of these
Question 190 : The scale of production can varied only in the ______.
- reduction
- none of there
Question 191 : Economies of scale lead to ______ in cost of production.
- None of these
- long run
- Short run
Question 192 : ______ was initially called as the law of diminishing returns.
- law of variable proportion
- none of there
Question 193 : The ______ are the locus of points of an iso-quants where the marginal product of factors are zero.
- Ridge line
Question 194 : When the average product is maximum, marginal product is greater than average product.
- true
- false
Question 195 : In longrun all factors tend to be variable.
- true
- false
Question 196 : When marginal product is negative it is called the stage of negative returns.
- true
- false
Question 197 : Production function defines the master servant relationship.
- true
- false
Question 198 : When marginal product is zero, total product is minimum.
- true
- false
Question 199 : TPL falls when MPL falls.
- true
- false
Question 200 : Under increasing returns : MP > AP
- true
- false