GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Capital Budgeting.
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Risk Analysis.
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Business Cycles.
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Accounting Standards
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Detailed explanation-1: -Accounting standards do not come under the scope of Business economics. Explanation: Accounting standards do not come under the scope of Business economics. It refers to the bookkeeping, and accounting procedures.
Detailed explanation-2: -General trends in national income, employment, prices, saving, and investment. Government’s economic policies. Performance of the financial sector and capital market. Socio-economic organizations.
Detailed explanation-3: -Scope Of Business Economics. #1 – Demand Analysis and Forecasting. #2 – Cost And Production Analysis. #3 – Costing Decisions and Strategies.
Detailed explanation-4: -Solutions for Which of the following statement is incorrect? a)Business economics is a normative in natureb)Business economics is closely related with statisticsc)Business economics only considers micro variablesd)Business economics is also called Managerial economicsCorrect answer is option ‘C’.