Question : The primary difference between cooperation and competition is:  

Option 1:  The level of group interaction  

Option 2: The focus on individual versus group goals  

Option 3: The presence of a leader  

Option 4: The duration of the activity  

Question : Match the characteristics with their market structure:

(a) Marginal Cost (MC) = Market Price(MR)

(b) The firm will tend to set output to earn maximum profit.

Option 1: (a) Pure competition, and (b) Pure monopoly 

Option 2: (a) Pure monopoly, and  (b) Monopolistic competition  

Option 3: (a) Oligopoly, and (b) Monopolistic competition 

Option 4: (a) Pure competition, and (b) Oligopoly 

Question : Case Study 19:

EFG Manufacturing is a company that produces consumer goods. The management team at EFG wants to implement a robust control system to improve productivity and optimize resource utilization.

Question:

How can EFG Manufacturing benefit from an effective control system?

Option 1: By increasing employee turnover.

Option 2: By raising production costs.

Option 3: By optimizing resource utilization.

Option 4: By reducing market competition.

Question : Case Study 5:

EFG Manufacturing is a company that produces consumer goods. The management team at EFG wants to implement a robust control system to improve productivity and optimize resource utilization.

Question:

How can EFG Manufacturing benefit from an effective control system?

Option 1: By increasing employee turnover.

Option 2: By raising production costs.

Option 3: By optimizing resource utilization.

Option 4: By reducing market competition.

Question : Which of the following is not a benefit of entrepreneurship development for society?

Option 1: Economic growth and development
  

Option 2: Reduction in income inequality
    

Option 3: Increased competition and market efficiency

Option 4: Increased government control over business activities