Classical

UGC NET December 2014 - Paper 3

6:  

The most common form of organizing the marketing department is based on

A.

Customer

B.

Functions

C.

Geography

D.

Product

 
 

Option: C

Explanation :


7:  

A decrease in supply will have the greatest effect on price, when the product's demand is

A.

Elastic

B.

Inelastic

C.

Perfectly elastic

D.

Unitary elastic

 
 

Option: C

Explanation :


8:  

The following statements are related to patents. Using code indicate the statements that are not correct :

Statement I : Patent is aimed to encourage economic and technological development.

Statement II : Patent can be protected only for a limited period.

Statement III : The law of patent is international in its operation:

Statement IV : When the patent right expire, the technology becomes public property.

A.

Statements II, III and IV are not correct.

B.

Statements II and IV are not correct.

C.

Statement III is not correct.

D.

Statement IV is not correct.

 
 

Option: C

Explanation :


9:  

Which of the following is not a misconception about entrepreneurship?

A.

'Successful entrepreneurship needs only a great idea.'

B.

'Entrepreneurship is an easy task.'

C.

'Entrepreneurship is found only in small business.'

D.

'Entrepreneurial ventures and small business are two different things.'

 
 

Option: D

Explanation :


10:  

For a production firm, the pecuniary economies arise from which one of the following sources?

A.

Large scale production

B.

Purchasing and market economies

C.

Indivisibility of factor inputs

D.

Learning economies of workers and managers

 
 

Option: A

Explanation :




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