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Recently added practice questions

4221. The Marxists believe that the state was created for: __________?
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A. Protection of weaker sections of society

B. Maintenance of law and order

C. Suppression and exploitation of have notes

D. Elimination of slavery

4222. The Marxists believe that the state was created for: __________?
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A. Suppression and exploitation of have notes

B. Protection of weaker sections of society

C. Elimination of slavery

D. Maintenance of law and order

4223. The Marxian Socialists believed that private property:
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A. Provides an incentive for hard work

B. Is an instrument of exploitation

C. Serves as an instrument of social good

D. Promotes better living

4224. The markets in which the goods are bought for personal consumption by the individuals and households are called?
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A. international markets

B. government markets

C. consumer markets

D. business markets

4225. The marketing services agencies includes?
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A. Marketing research firms

B. All of above

C. Marketing consulting firms

D. Media firms

4226. The marketing channel that involves no intermediaries to made their products available to final buyers is classified as?
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A. flexible channel

B. direct channel

C. static channel

D. indirect channel

4227. The marketer, who finds a stated need and fulfills it with the best market offering is classified as ____________?
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A. responsive marketers

B. market driven marketers

C. anticipative marketers

D. creative marketers

4228. The market-penetration strategy is used to gain market share in __________?
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A. new products for new markets

B. current product in current market

C. new products in new market

D. current products in new market

4229. The market which is not affected by marketing expenditures of other companies in industry is called ___________?
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A. expanding expenditure

B. expansible market

C. no expansible market

D. limited expenditure

4230. The market system consists of planning by__________________?
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A. tradition

B. direction

C. command

D. inducement
4231. The market segmentation done on the basis of religions of customers such as Catholics, Hindus and Muslims is classified as?
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A. psychographic segmentation

B. behavioral segmentation

C. demographic segmentation

D. geographic segmentation

4232. The market power effect of an international joint venture can lead to welfare losses for the domestic economy unless offset by cost reductions. Which type of cost reduction would not lead to offsetting welfare gains for the overall economy ?
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A. new work rules promoting workers efficiency

B. lower wages extracted from workers

C. R&D generating welfare improved technology

D. development of more productive machinery

4233. The marginal tax rate is ?
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A. the extra taxes paid on an additional unit of income

B. total taxes paid divided by total income

C. total income divided by total taxes paid

D. the taxes paid by the marginal worker

4234. The marginal propensity to save (MPS) is ?
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A. the ratio of saving to income

B. the average amount of income that is saved

C. the fraction of a change in income that is saved

D. the ratio of income to saving

4235. The manufacturer of microscope selling its product to colleges, universities and specific laboratories is an example of ________?
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A. single product concentration

B. mass customization

C. product specialization

D. market specialization

4236. The manufacture of Kraft pulp is done by a/an _________________ process?
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A. Neutral

B. Alkaline

C. None of these

D. Acidic

4237. The manifest functions of government include________________?
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A. the provision of institutionalized social control

B. the enlargement of the administrative elite

C. the formation of party machines

D. the protection of the interests of the power elite
4238. The managers and executives are often paid in form of?
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A. shopping discounts

B. salaries

C. bonuses

D. promotion

4239. The majority of the human population lives in________________?
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A. Pacific Islands

B. Eurasia

C. New York

D. Africa

4240. The major structure of inner ear is ________________?
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A. basilar membrane

B. ear canal

C. anvil

D. ear drum

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