1) Discuss the advantages and disadvantages of the payback and accounting rate of return methods of investment appraisal. Note: you are not required to perform any calculations for these two methods; if you do, you will not score any marks for it.

2) Outline the main limitations of using expected values when making investment decisions.

3) You are required to briefly explain the nature and objectives of JIT purchasing agreements concluded between components users and suppliers.

4) Explain how the Baumol model can be employed to reduce the costs of cash management and discuss whether the Baumol cash management model may be of assistance to Thorne Co for this purpose.

5) Fredrich list nationality is_________

6) An economist on explaining the concept of money framed a phrase 'a temporary about off purchasing power'. Mention the economist

7) Name the economist who proposed the 'Time preference theory of interest'

8) The term 'Quasi-rent' was initially used by _________

9) Consumers goods are called as consumption capital by

10) In economics the concept 'Elasticity of demand' was introduced by _________

11) AFC (Average Fixed Curve)'s shape is _____________

12) 'Choice of technique' is the book written by __________

13) Two economists in 1930, who worked independantly put forward monopolistic competition theory simultaneously. E.H Chamberlain was the first person. Mention the other.

14) Bertil Ohlin, The winner of Nobel prize for economics in 1977. Mention his nationality.

15) Define Supply of a Commodity?

16) 'Marginal productivity theory of distribution 'was first introduced by________