Question : Which of the following is importance of organizing?
Option 1: Developing discipline
Option 2: Developing leadership
Option 3: Optimum utilization of resources.
Option 4: All of the above.
Correct Answer: All of the above.
Solution : Following are the importance of organizing-
Hence, Option D is correct.
Question : Economizing of resources means __________
Option 1: making optimum use of the available resources
Option 2: making non-optimum use of the available resources
Option 3: making alternative use of the available resources
Option 4: None of the above
Question : Economizing of resources refers to ___________________
Option 1: making optimum use of available resources
Option 2: making non-optimum use of available resources
Option 3: making umlimted wants
Question : Which of the following statements is incorrect in respect of the analysis of the financial statement?
Option 1: Ineffective utilization of its (firm) resources.
Option 2: Effective utilization of its (firm) resources.
Option 3: Profitability of the firm in relation to investments.
Question : Economics is all about making choices in the presence of ________.
Option 1: Scarcity
Option 2: Unlimited resources
Option 3: Limited resources
Option 4: All of the above
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