Download Mumbai University (MU) MCA 2019 May 1st Sem 55805 Principles of Economics and Managerial Question Paper

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(3 Hours) [Total Marks: 100]

N. B.: (1) Question number 1 is compulsory

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(2) Attempt any 4 from question Nos. 2 to 7.

(3) Illustrate answers with sketches wherever necessary.

1. 1. What do you understand by Law of Demand? What factors are important in explaining the law of demand? 10
   2. Monopolistic competition does not offer equilibrium in the short run to the industry. Why? 10

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2. 1. What is the significant contribution of Fredrick Taylor to management science? Explain his principle of management? 10
   2. “Economics of scale may be either internal or external they may be technical, managerial, financial or risk — bearing” — Elucidate. 10
3. 1. Explain Law of Supply. 10
   2. What do you mean by Performance Appraisal? Explain any two methods of Performance Appraisal? 10

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4. 1. Explain the Product Life Cycle and its impact on business. 10
   2. What are the various Leadership theories? Explain theory X and theory Y in details. 10
5. 1. Explain the concept of Economies and Diseconomies of scale. What is break-even point? 10

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   2. Explain the methods of Demand Forecasting? 10
6. 1. Discuss the nature and scope of Managerial economics? 10
   2. Explain the decision making process in details. 10

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7. Write short notes on: (Any Four) 20

   1. Compensation & administration
   2. On the job training
   3. Market Research
   4. Motivation

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   5. HRM