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ms2001_2026T1_Q1_NA.pdf

Business Data Management(BDM) · Quiz 1 · Jan 2026

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Questions and published explanations below are available without starting a test. Some questions may not have a published solution yet.

Question 2 SHORT_TEXT · 1.0 marks

Based on the image below, all these entities are called _________? [[IMAGE:87a9b90914f9a56a_3_2]] **NOTE:** Enter the exact answer without any extra space in the beginning or at the end.
Source diagram or notation

    A published solution is not available for this question yet.

    Question 3 SHORT_TEXT · 1.0 marks

    In the economic model, what do firms and households give the government in return for goods, incentives and transfers respectively? **NOTE:** Enter the exact answer without any extra space in the beginning or at the end.

      A published solution is not available for this question yet.

      Question 4 SHORT_TEXT · 1.0 marks

      As income increases, the demand for ___________ goods decreases. **NOTE:** Enter the exact answer without any extra space in the beginning or at the end.

        A published solution is not available for this question yet.

        Question 5 SHORT_TEXT · 1.0 marks

        For a consumer pyramid survey, if the Primary Sampling Units (PSUs) were the villages and towns of the Census, then what are the Ultimate Sampling Units (USUs) from these PSUs? **NOTE:** Enter the exact answer without any extra space in the beginning or at the end.

          A published solution is not available for this question yet.

          Question 6 SHORT_TEXT · 1.0 marks

          The concept of Quid-Pro-Quo does not usually apply for ________ enterprises. **NOTE:** Enter the exact answer without any extra space in the beginning or at the end.

            A published solution is not available for this question yet.

            Question 7 MCQ · 1.0 marks

            To understand market segments, what kind for chart will you use?
            1. Scatter Plot
            2. Pie Chart
            3. Line Chart
            4. Pie of Pie Chart

            A published solution is not available for this question yet.

            Question 8 MCQ · 1.0 marks

            What is the function of the "PivotTable" feature in Excel?
            1. To perform complex calculations on selected data
            2. To generate summary reports from large datasets
            3. To create advanced graphs and charts
            4. To split a worksheet into multiple panes for easier viewing

            A published solution is not available for this question yet.

            Question 9 MCQ · 1.0 marks

            Which is an appropriate referencing method, when a formula used in Column D is Constant * Data 1, needs to extend to the next column also. Choose the right formula to be used in Column D? [[IMAGE:87a9b90914f9a56a_6_3]]
            Source diagram or notation
            1. [[IMAGE:87a9b90914f9a56a_6_4]]
              Source diagram or notation
            2. [[IMAGE:87a9b90914f9a56a_6_5]]
              Source diagram or notation
            3. [[IMAGE:87a9b90914f9a56a_6_6]]
              Source diagram or notation
            4. [[IMAGE:87a9b90914f9a56a_6_7]]
              Source diagram or notation

            A published solution is not available for this question yet.

            Question 10 MCQ · 1.0 marks

            What does the law of demand state?
            1. As the price of a good increases, the quantity demanded decreases
            2. As the price of a good decreases, the quantity demanded decreases
            3. As the price of a good increases, the quantity supplied decreases
            4. As the price of a good decreases, the quantity supplied increases

            A published solution is not available for this question yet.

            Question 11 MCQ · 1.0 marks

            Which of the following factors is most critical in determining the market potential for a new product ?
            1. The size of the target market and percentage of potential customers interested in the product.
            2. Historical sale data of unrelated products.
            3. Cost of production and distribution.
            4. Current market share of existing products.

            A published solution is not available for this question yet.

            Question 12 MCQ · 1.0 marks

            What implication does a bimodal distribution in household transportation expenditure data point to?
            1. Most households spend a similar amount on transportation
            2. There are two distinct groups of households based on transportation spending
            3. Transportation expenditure is evenly distributed across all households
            4. There is a negative correlation between income and transportation spending

            A published solution is not available for this question yet.

            Question 13 MCQ · 1.0 marks

            Which of the following scenarios can be best expressed through a Bar chart?
            1. Comparing expenditure trends of students
            2. Comparing number of scooter owners, number of bike owners vis-a-vis number of car owners
            3. Showing relationship between temperature and time of the day
            4. Analysing number of hours students study and their scores in exams

            A published solution is not available for this question yet.

            Question 14 MSQ · 1.0 marks

            What can be inferred about the relationship between income and the demand for goods with fixed prices? [Select all that apply]
            1. Demand might increase for some goods
            2. Demand might decrease for some goods
            3. Demand will increase for all goods
            4. Demand will decrease for all goods

            A published solution is not available for this question yet.

            Question 15 MSQ · 1.0 marks

            Which of the following conditions can use the concept of "weighted average" to analyse expenditure data?
            1. By considering importance of expenditure categories
            2. By considering the population size of different regions
            3. By adjusting for inflation over time
            4. By analyzing the impact of income levels on expenditure

            A published solution is not available for this question yet.

            Question 16 MCQ · 1.0 marks

            Based on the sample data below answer the given subquestions. [[IMAGE:87a9b90914f9a56a_8_8]]
            Determine the percentage change in total revenue when income increases from Rs 15000 to Rs 25000.
            Source diagram or notation
            1. 41.2%
            2. 42%
            3. 42.5%
            4. 41.8%

            A published solution is not available for this question yet.

            Question 17 MCQ · 1.0 marks

            Based on the sample data below answer the given subquestions. [[IMAGE:87a9b90914f9a56a_8_8]]
            What is the type of goods based on the given table?
            Source diagram or notation
            1. Normal Goods
            2. Inferior Goods
            3. Luxury Goods
            4. None of these

            A published solution is not available for this question yet.

            Question 18 MCQ · 2.0 marks

            For an agro business, The ability to grow more vegetables per acre is considered ______ in the porter’s 5 forces model.
            1. supplier power
            2. buyer power
            3. competitive rivalry
            4. threat of substitution
            5. threat of new entry

            A published solution is not available for this question yet.

            Question 19 MCQ · 2.0 marks

            In PESTEL Analysis, what does P and S stand for ?
            1. P – Practical ; S- Scientific
            2. P- Political; S – Social
            3. P – Pragmatic ; S – Structural
            4. P – Profit; S – Sales

            A published solution is not available for this question yet.