MGS303 Past Questions

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This course is offered by national open university student and we have compiled samples of the Mgt303 past question papers for National Open University student. This past questions and answers is here online for candidates who cannot afford to purchase the full copy. This past question and answer is all about the compilation of all the previous year’s questions that have been given to candidates who wish to get admission into the university and the past question and answer is presented in pdf format.

We have made it very simple, portable, and affordable such that every student can get it or download it as long as they have access to the smartphone. This past questions is what every intending student needs to pass the examination well.

Why You need the MGS303 past questions

  • It is usually helpful to prepare for exams with past questions. Past questions are helpful tools for preparing for examinations as they provide you with practical insight into how the examination body sets their exams, how the exam you are preparing for might look as well as key themes or subject areas likely to be touched.

 

  • To score high in any examination, be it screening exam, and so on, you need to prepare adequately. This is why it is important for prospective JAMB and other exam candidates to use past questions to prepare. Here, you will find JAMB past questions. You can revise them to find out what you already know and what you don’t know.

How is MGS303 past questions patterned?

The exams is always patterned in objectives and theory format and it is usually Cbt. We bring all the questions for many years and put them together but we indicate the specific years of their occurrence. The questions are usually objectives only with no theory irrespective of the course of study or subject combination. We provide the correct answers in order to save your time.

Sample of MGS303 past questions – MGS303

MARCH/APRIL 2015 Examination
COURSE CODE: MGS303
COURSE TITTLE: MANAGERIAL
ECONOMICS
TIME ALLOWED: 2hrs
Instructions: ANSWER
QUESTION 1 AND ANY OTHER 2 QUESTIONS

Q1
IS COMPULSORY AND CARRIES 30MARKS
WHILE OTHER 2 CARIES 20MARKS EACH
PRESENT
ALL YOUR POINTS IN COHERENT AND
ORDERLY MANNER

1a. suppose that the unit price of a
commodity is defined by
p=100-2Q
then TR=PQ=(100-2Q)
100Q-2Q raise to power 2
suppose all so that the total cost of producing
this commodity is defined by the cost function
TC = 100+0.5Q2
i. you are required to apply the first – order
condition for profit maximization
ii.determine the profit –maximizing level of
output
1b. state and describe the 2 scope of
managerial economics

2. let the profit of an hypothetical firm be
given as
π=f(X,Y) = 100X – 2X 2 – XY +
180Y – 4Yraise to power 2
raise to power
where X and Y represent to products X + Y
=30
HINT:
a. Express one of the variables (X or Y in this
case ) in terms of the other and solve the
constraint equation for one of them (Xor Y)
b. substitute the solution obtained into the
objective function (that is the function to be
maximized or the profit function) and solve
the outcome for the other variable

3. List and explain the importance features of
decision making in business

4. state and discuss the 5 theories of profit

5.explain the marginal conditions of profit
maximization

6. list and describe the 4 types of demand
encountered in business.

ENT318

September/October 2015 Examination

COURSE CODE: ENT318

COURSE TITTLE: FINANCE OF

INTERNATIONAL TRADE

TIME ALLOWED: 2hrs

Instructions: ANSWER

QUESTION 1 AND ANY OTHER 2 QUESTIONS

Q1

IS COMPULSORY AND CARRIES 30MARKS

WHILE OTHER 2 CARIIES 20MARKS EACH

PRESENT

ALL YOUR POINTS IN COHERENT AND

ORDERLY MANNER

1a.define the concept liquidity, liquid assets

and international liquidity

b. describe briefly the different methods of

foreign market entry

2a. what is the different between terms of

trade and restriction in international trade?

b.list and explain some of the factors which

can affect a country terms of trade i

3a. in your own words define the following

concepts and show the area of convergence

3b. list and discuss some of the reason why

countries engage in international trade

4. what are the responsibilities of banks in a

documentary collection transaction?

5a. list and discuss some of the reasons why

countries engage in international trade

5b. differentiate between international trade and domestic trade.

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7 Tips to Prepare for MGS303 Exams

  1. Don’t make reading your hobby: A lot of people put reading as a hobby in their CV, they might be right because they have finished schooling. But “You” are still schooling, so reading should be in top priority and not as a hobby. Read far and wide to enhance your level of aptitude
  2. Get Exams Preparation Materials: These involve textbooks, dictionaries, MGS303 Past Questions and Answers. These materials will enhance your mastering of the scope of the exams you are expecting.
  3. Attend Extramural Classes: Register and attend extramural classes at your location. This class will not only help you refresh your memory but will boast your classroom understanding and discoveries of new knowledge.
  4. Sleep when you feel like: When you are preparing for any exams, sleeping is very important because it helps in the consolidation of memory. Caution: Only sleep when you feel like it and don’t oversleep.
  5. Make sure you are healthy: Sickness can cause excessive feelings of tiredness and fatigue and will not allow you to concentrate on reading. If you are feeling as if you are not well, report to your parent, a nurse or a doctor. Make sure you are well.
  6. Eat when you feel like: During the exam preparation period, you are advised not to overeat, so as to avoid sleep. You need to eat little and light food whenever you feel like eating. Eat more of fruits, drink milk and glucose. This will help you to enhance retention.
  7. Reduce your time in social media: Some people live their entire life on Facebook, Twitter, WhatsApp, Messenger chat. This is so bad and catastrophic if you are preparing for exams. Try and reduce your time spent on social media during this time. Maybe after the exams, you can go back and sleep in it.

If you like these tips, consider sharing them with your friends and relatives. Do you have a question or comments? Put it on the comment form below. We will be pleased to hear from you and help you to score as high as possible.

We wish you good luck

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