1 i. Discuss the micro and macro-economic environment of the firm
ii. Define Capital Budgeting
2 i. Explain three (3) methods of Capital Budgeting and state the advantages and disadvantages of capital budgeting.
ii. Calculate NPV
3. Differentiate between the following
i. risk and uncertainty
ii. fixed and working capital
iii. isoquant and isocost
iv. accounting profit and economic profit
3 a. Define managerial economics in your own words
b. What are the importance of managerial economics to a business?
c. Explain four (4) scope of managerial economics
3 a. What is human resource management and discuss the functions of a human resource manager
b. Explain the organizational functions of a firm
c. Discuss the business objectives of a firm
4. Discuss the impact of COVID-19 disease on demand and supply of agricultural produce in Ghana.
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