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Perm State National Research University
Entrance Exam Masters Economy
Variant 1
Choose the only correct answer.
A1. Monopolist receives an economic benefit:
1) only in the short term;
2) only in the long term;
3) both in the long-term and in the short term;
4) if the market price is higher than its marginal cost.
A2. An example of a natural monopoly is:
1) OPEC - the international oil cartel;
2) The Ural Bank for Reconstruction and Development;
3) Publishing house "Komsomolskaya Pravda";
4) City Subway.
A3.The most desirable situation for the firm in terms of economic theory is the state where:
1) its marginal revenue equals marginal cost;
2) the maximal proceeds;
3) its total costs are minimal;
4) its average costs are minimal.
A4. The supply curve of a monopoly firm reflects:
1) marginal costs escalation;
2) volume of supply-price dependence;
3) existing on the market volume of demand for the goods of the company;
4) the monopolist has no supply curve.
A5. Competitive firm, seeking to maximize profits, should hire additional workers only if:
1) total revenue over total costs;
2) the marginal product of labor in terms of money is less than the;
3) the value of the marginal product of labor in terms of money increases;
4) the marginal product of labor in money terms exceed’s the rate of wage.
A6. The demand for a resource depends on:
1) prices of substitutes;
2) prices of complementary resources;
3) prices of given resource;
4) all of the above-listed factors.
A7. The main feature of the land market is:
1) absolutely inelastic demand;
2) absolutely elastic demand;
3) absolutely inelastic supply;
4) absolutely elastic supply.
A8. The activities of the perfectly competitive firm has the following characteristics: a unit price
P = 30 rubles., FC = fixed costs 6,000 rubles., Average variable costs AVC = 27 rubles. And
these characteristics are at a minimum. What advice do you have for profit-maximizing firm in
the short term?
1) to increase the price of products;
2) to reduce outputting;
3) to stop production;
4) to increase the production.
A9. The demand curve for a perfectly competitive firm:
1) has a unit elasticity;
2) allows us to receive a constant total revenue;
3) is that in which the average income is equal to the price;
4) is identical to the market demand curve.
A 10. Under conditions of perfect competition price equals the minimum average cost:
1) in the short term;
2) in the long term;
3) for the first unit of output;
4) always.
A11. Which of the management functions are based on the needs and interests of employees:
1) planning;
2) organization;
3) motivation;
4) control.
A12. Particular state of the organization, the achievement of which is desirable in its present and
future, expresses ...:
1) the system goals;
2) policy;
3) tactics;
4) the procedure.
A13. What characterizes functional vertical relations of organizational structure?
1) units can solve problems together;
2) the subordination and responsibility on all issues;
3) subordination within a certain function;
4) the need for solving a problem.
A 14. What organizational structure should be attributed to the structure of the mechanical type?
1) linear;
2) linear-functional;
3) divisional;
4) matrix.
A15. The main form of financing business - projects in the domestic and world practice is:
1) self-financing from profits, depreciaion charges and other sources;
2) individual investments of private capital;
3) lease financing for account of lessors;
4) venture capital investment.
A16. The main object of what planning type is production activities and all of the processes that
ensure normal conditions for its functioning?
1) strategic;
2) current;
3) production;
4) financial.
A17. External environment of the organization in management theory does not include ...
1) resource providers;
2) state legislation and acts of government;
3) personnel of the marketing service;
4) consumers.
A18. Market segment - is:
1) The group of consumers with the same type of reaction to the proposed product and marketing
tools;
2) part of the market in which the company sold all the goods;
3) part of the market in which a certain group of goods sold;
4) a market in which the company has its own sales network.
A19. Product life cycle is a period of time ...
1) from the appearance of the goods on the market to replace it with a new product;
2) from the beginning to the end of the sale of goods in the market;
3) from the beginning of product development to removing it from the production;
4) from the origin of the demand to the mass supply of goods to the market.
A20. Making a decision on the project "critical path" is taken into account which is a ...
1) longest sequence of events during the project;
2) shortest sequence of events during the project;
3) ideal sequence of events for the project;
4) sequence of events leading to the highest financial costs for the project.
Open tasks: give a brief answer.
B1. Keynesian aggregate supply segment has ... slope.
B2. Increasing in common level of prices for goods and services ..
B3. Empirical dependence between the unemployment rate and the growth rate of GDP.
B4. What economic agent must adjust the money supply in the economy.
B5. Type of unemployment that exists in the economy to full employment.
B6. Because of this low the organization aims to keep itself as a whole, combining the stability
and development.
B7. Passage of organization stages of evolutionary development (birth, adolescence, adulthood).
B8. The rivalry between the individual entities which are interested in achieving the same goal.
B9. The point at which revenues from sales of products is equal to the cost of production.
B10. The aggregate of motives, which are determining person’s behavior.
Perm State National Research University
Entrance Exam Masters Economy
Variant 2
Choose the only correct answer.
A1. Total revenue grows by increasing the price of goods, if the demand is:
1) elastic;
2) inelastic;
3) elasticity is equal to 1;
4) perfectly elastic.
A2. Which of the following items will show greater flexibility:
1) bread;
2) salt;
3) refrigerators;
4) milk.
A3. The law of decreasing marginal utility maintains that if additional parcels are consumed over
a period of time, then the total utility:
1) decreases in decreasing progression;
2) decreases in increasing progression;
3) increases in decreasing progression;
4) increases in increasing progression.
A4. At the point of minimum average variable cost marginal costs must be:
1) greater than the average variable cost;
2) less than the average variable cost;
3) equal to the average total costs;
4) minimal.
A5. Which of the following is true for perfect competition market?
1) The market supply of similar products;
2) elastic nature of the market demand curve;
3) no firm can affect the market price by changing its output;
4) correct answers are a) and c).
A6. For which market is most likely to be characterized by a situation of perfect competition?
1) for pencil market;
2) for services market of teachers;
3) for economic theory books market;
4) for grain market.
A7. Quantity of labor and capital increased by 3 times, consequently output increased by 2 times.
This means that the firm is in effect:
1) decreasing marginal product of labor;
2) decreasing marginal product of capital;
3) increasing returns to scale;
4) decreasing returns to scale.
A8. The activities of the monopolist has the following characteristics: the marginal revenue MR
= 9 rubles., Total revenue TR = 44 000 rubles, production quantity Q = 4000 units, The marginal
cost MC = 9 rubles, average cost AC = 10,9 rubles, average variable cost AVC = 10 rubles.
What advice would you give a firm to maximize profit?
1) reduce price;
2) increase price;
3) increase production;
4) keep the current output.
A9. Condition of maximizing the firm's profits in a competitive market is:
1) a maximum output;
2) a maximum price;
3) balance of the marginal revenue and marginal cost;
4) balance of prices and marginal costs.
A10. If the share of consumptions on resource in costs of the company increases, the elasticity of
demand for the resource:
1) increases;
2) decreases;
3) remains unchanged;
4) any of the options are available.
A11. The most important characteristic of the self-learning organization is:
1) high discipline;
2) qualified staff;
3) attitude to the experience as a major tool for development of the organization;
4) the availability of a detailed plan training.
A12. The principles of the organization's functions in the theory of management does not
include:
1) reliability;
2) rhythmicity;
3) flexibility;
4) specialization.
A13. What form of communication activity is expressed in the form of an order, instruction,
suggestion?
1) subject - object;
2) subject-subject;
3) object - subject;
4) object - object.
A14. The decision making process begins with ...
1) statement of enterprise’s mission;
2) statement of management objectives;
3) identify the problem;
4) determine the person, who is responsible for making decisions.
A15. Rational decision is a decision ...
1) which is based on the methods of systematic and complex analysis, validation and
optimization;
2) which is made by the top management of the organization;
3) which brings maximum profit to organization;
4) which is based on experience of managing the organization.
A16. The organizational structures of management do not apply...
1) matrix;
2) linear-functional;
3) informal;
4) divisional.
A17. Point the shortcomings of the market (regional) organizational structure of marketing
management:
1) the main focus is on activities in certain markets;
2) doesn’t make possible to coordinate purposeful marketing activities for certain products;
3) can not be applied in the case where a limited range of goods sold in many markets;
4) trend to increasing of control manager number by increasing number of markets.
A18. For the decision making procedure the head needs …
1) to draw documentary a set of criteria to select the management decisions;
2) to issue an order and bring it to the staff;
3) to evaluate all the pluses and minuses of the situation;
4) to coordinate the decision with employees of the organization.
A19. Situational analysis is aimed at ...
1) research of objects as systems;
2) study of managed object’s parameters by developing of solutions;
3) examination of objects in dynamics;
4) making decisions according to the situation.
A20. For the agreement of oscillations of supply and demand should be used:
1) demarketing;
2) sinhromarketing;
3) remarketing;
4) advertising.
Open tasks: give a brief answer.
B1. Administrative function, which includes surveillance of the organization and necessary
amendings.
B2. Consideration of management as a continuous series of interrelated management functions:
planning, organization, motivation and control.
B3. Socioeconomic phenomenon, in which part of the working population in search of work.
B4. Any organization consistently goes through three phases: the formation, development and
decay, in accordance with the law ...
B5. The group of consumers are equally response to the same set of marketing stimuli
B6. Transfer of values of fixed assets on the cost of manufactured product piecemeal as physical
and moral depreciation.
B7. What profit, financial or economic, positive at breakeven.
Q8. A set of economic relations based on regular exchange transactions between producers of
goods (services) and consumers.
B9. Market structure in which there are high barriers to entry, and the number of agents varies
from 2 to 24.
B10. Indicative planning in terms of its use in the management of the organization has ________
character.