MGT610 Final Term Past Papers with References and Answers

When there are many sellers and many buyers then it is called?

Monopolistic competition

Oligopolistic Competition

Suppose you purchased a product of ABC Company by inspiring an advertisement. After purchasing decision you realized that the real product functionalities are not matching with real one. Categories such type of advertisement.

Deceptive advertisement Under estimated advertisement Wrongly communicated advertisement Professional advertisement

Deceptive advertising can take several forms. An advertisement can misrepresent the nature of the product by using deceptive mock-ups, using untrue paid testimonials, inserting the word guarantee where nothing is guaranteed, and quoting misleading prices, failing to disclose defects in a product, misleadingly disparaging a competitor’s goods, or simulating wellknown brand names

_______by which actions or policies are judged to accord with or be in violation of moral standards?

Moral reasoning Moral development Moral Standards Logical Validity

Moral reasoning refers to the reasoning process by which human behaviors, institutions, or policies are judged to be in accordance with or in violation of moral standards

Which of the following is a related group of thinkers, sees the key form of hierarchy connected to the destruction of the environment as the domination of women by men?

Ethicists Eco feminists Friends of earth Friends of world watch

Eco-feminists, a related group of thinkers, see the key form of hierarchy connected to the destruction of the environment as the domination of women by men

Which theory was proposed by David Ricardo in 1817?

Natural advantage comparative advantage Acquired advantage Resource efficiency advantage

Comparative Advantage:

In 1817 David Ricardo reasoned.

The Club of Rome, a forum of think-tanks consist of all except?

Economists Scientists International civil servants

The Club of Rome, a think-tank of scientists, economists, businesspeople, international civil servants, and politicians from the five continents.

How much in over the past 150 years, deforestation has contributed to the atmospheric build-up of CO2?

One third

Two third One fourth

Over the past 150 years, deforestation has contributed one third of the atmospheric build-up of CO2

In a command economy, all decisions are taken by the:

People Government Voters Workers

a command system, in which a single authority decides what to produce, who will produce it, and who will get it.

A principle that describes that it would be acceptable to a group of rational, self interested persons who know they will live under it themselves is known as?

Moral