Business Economics Quiz

It is concerned with microeconomics only

It focuses on the application of economic theory to business management

It is an integral part and an extension of economic concepts to real business situations (correct)

It is solely based on macroeconomics

Providing practical information for people who apply economics in their jobs (correct)

Exploring the relationships of firms with labour, capital, and product markets

Analyzing economic diversity in business enterprises

Applying macroeconomic factors in business analysis

Providing practical information for people who apply economics in their jobs

Exploring the relationships of firms with labour, capital, and product markets

Analyzing economic diversity in business enterprises

Applying economic theory to business management (correct)

<p>As a tool of managerial decision-making and forward planning by management</p> Signup and view all the answers

<p>Positive and normative categories</p> Signup and view all the answers