Professional Documents
Culture Documents
PART –B
2 a) What do you understand by elasticity of Demand? [4M]
b) What is managerial economics? Explain its nature and significance. [8M]
c) Explain the managerial economics relation with other subjects. [4M]
5 a) What are business cycles? Explain the phases of business cycles. [8M]
b) Define a joint stock company & explain its basic features, advantages & [8M]
disadvantages.
6 a) What is ratio analysis? Discuss the different types of balance sheet ratios. [8M]
b) Write about trading and profit and loss account statements. [8M]
7 a) What do you understand by working capital cycle and what is its importance. [8M]
b) What is meant by discounting and time value of money? How is it useful in capital [8M]
budgeting?
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