Question : Which of the following statement is true?
(a) Utility means want-satisfying power
(b) Utility is a function of the intensity of desire
(c) Desire of consumption gives birth to utility

Option 1: A and B

Option 2: B Only

Option 3: C Only

Option 4: A, B, and C 

Question : Which of the statements below is correct?
1:Utility means desire-satisfying power.
2:The utility is not a function of desire intensity.
3:Consumption desire gives rise to utility.

Option 1: A only 

Option 2: B only

Option 3: A and C only

Option 4: B and C only

Question : Which of the following statement are true?

1. When consumption function is C=40+0.8Y, savings will be equal to -40 at zero level of income.
2. As per above consumption function, MPS= 0.2 

Option 1: Both are true.
 

Option 2: Both are false.
 

Option 3: Statement 1 is true, statement 2 is false.
 

Option 4: Statement 1 is false, statement 2 is true.
 

Question : Which of the following statement are true?

1. When consumption function is C=50+0.6Y, consumption is 140 when Y= 150.
2. When Saving function is S= -50+0.4Y, savings is 10 when Y= 150.

Option 1: Both are true.
 

Option 2: Both are false.
 

Option 3: Statement 1 is true, statement 2 is false.
 

Option 4: Statement 1 is false, statement 2 is true.
 

Question : Which of the following statement is correct?
Statement 1- Management in action is the directing function of management.
Statement 2- Monitoring function is the controlling function of management.
 

Option 1: Both are true 
 

Option 2: Both are false 
 

Option 3: Statement 1 is true and statement 2 is false.
 

Option 4: Statement 2 is true and statement 1 is false.
 

Question : Which of the following statement is correct?
Statement 1- Supervision and motivation of employees is the controlling function of management.
Statement 2- Finding the right person for the right position is the staffing function of management.
 

Option 1: Both are true 
 

Option 2: Both are false 
 

Option 3: Statement 1 is true and statement 2 is false.
 

Option 4: Statement 2 is true and statement 1 is false.