Month: October 2015

Cardinal Utility Approach Very Short Questions Define utility. Ans) Utility is defined as the wants satisfying capacity of a commodity .In other words,it is the satisfaction obtained from the consumption of commodity. What do you mean by cardinal utility approach? Ans) Cardinal Utility approach is the method of analyzing utility which believes that utility is […]
Some very short questions of Introduction to Microeconomics 1)Define an economic theory. Ans) An economic theory is defined as a model along with the specified and empirical economic variables, concepts and facts used to explain and predict the changes. 2).List out the elements of well defined economic theory. Ans)¬† The elements of well defined economic […]
¬†Sensation,Sensory thresholds Sensation: Sensation is the process that allows our brains to take in information via our five senses, which can then be experienced and interpreted by the brain.Sensation involves the relay of information from sensory receptors to the brain and enables a person to experience the world around them.Sensation is input about the physical […]
Worksheet:¬† An accounting worksheet is a spreadsheet used to prepare accounting information and reports. Accounting worksheets are most often used in the accounting cycle process to draft an unadjusted trial balance, adjusting journal entries, adjusted trial balance, and financial statements. Worksheets are prepared at the end of an accounting period and usually include a list […]
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