IT2401 Service Oriented Architecuture question paper for NOV/DEC 2011

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Engineering Economics & Financial Accounting MG2452: 2 Marks

TWO MARK QUESTIONS AND ANSWERSUNIT – IINTRODUCTION1. Define Managerial Economics By combining the basic definition of the two terms “Manager” and “Economics” you get the definition of “managerial economics” . “Managerial Economics” is the study of directing resources in a way that it most efficiently achieves the managerial goals. Managerial Economics is also the application of the tools of economics analysis in decision making in actual business situations.2. What is meant by Micro economic analysis? Micro economic analysis deals with the problems of an individual firm, industry...

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