Question Paper: Engineering Economics & Management : Question Paper May 2015 - Mechanical Engineering (Semester 4) | Gujarat Technological University (GTU)

Engineering Economics & Management - May 2015

Mechanical Engineering (Semester 4)

(1) Question 1 is compulsory.
(2) Attempt any four from the remaining questions.
(3) Assume data wherever required.
(4) Figures to the right indicate full marks.
1 (a) Differentiate between Microeconomics and Macroeconomics.(7 marks) 1 (b) Explain the concept of Break-Even Analysis with suitable example.(7 marks) 2 (a) Write a note on Elasticity of demand.(7 marks)

Answer any one question from Q2 (b) & Q2 (c)

2 (b) Explain various factors of production.(7 marks) 2 (c) Define Market. Explain different types of Markets.(7 marks)

Answer any two question from Q3 (a), (b) & Q3 (c), (d)

3 (a) Discuss the stock and flow concept of national income.(7 marks) 3 (b) Define Poverty. Explain the causes of poverty and measures to reduce the poverty.(7 marks) 3 (c) Explain various tools of monetary policy.(7 marks) 3 (d) Write a note on functions of Banks.(7 marks)

Answer any two question from Q4 (a), (b) & Q4 (c), (b)

4 (a) Distinguish between Management and administration.(7 marks) 4 (b) Explain the theory of Maslow's hierarchy of needs.(7 marks) 4 (c) Write a note on functions of management.(7 marks) 4 (d) Describe the formal organizational structure with levels of management.(7 marks)

Answer any two question from Q5(a), (b) & Q5 (c), (d)

5 (a) Write a note on (i) Matrix organization (ii) Hybrid organization.(7 marks) 5 (b) Explain the sources of Finance.(7 marks) 5 (c) Briefly describe various methods of demand forecasting.(7 marks) 5 (d) Discuss the types of Plant Layout.(7 marks)

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