Define partnership and explain its salient features and limitations.

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• Managerial Economics
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• Managerial Economics
•  
• Q1. Managerial Economics is the application of
  Economic Theory to business management. Discuss
• Q2. What are the needs for demand forecasting?
  Explain the various steps involved in demand
  forecasting.
• Q3. Define production function. How is it
  helpful while taking output decisions?
• Q4. (a) ' The monopolist represents one man
  industry? Comment and discuss how equilibrium
  position can be attained by the monopolist.
• (b) Use appropriate diagrams to supplement
  your answer.

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• Q5. (a) Define partnership and explain its
  salient features and limitations.
• (b) What are the qualities of a good
  partner?
• Q6. What are the components of working capital?
  Explain each of them.
• Q7. Give a brief account on the important records
  of Accounting under Double entry system and
  discuss briefly the scope of each.
• Q8. (a) From the information (given with
  attachments), calculate
• (b) Debt Equity ratio ii. Current ratio
• (c) Calculate Interest Coverage ratio
  from the information (given with attachments) .

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