Which of the following best describes the churn rate?
The number of new customers acquired in a given period
The percentage of customers who stop using a product or service in a given period
The amount of money earned from a customer in a given period
The cost of acquiring a new customer
Which of the following goods is likely to have the lowest marginal utility?
A necessity good.
A luxury good.
A good that the consumer has never tried before.
A good that the consumer has consumed many times before.
When does marginal utility become negative?
When a consumer consumes the first unit of a good.
When the total utility of a good is zero.
When the total utility of a good is at its maximum.
When the consumer reaches the point of overconsumption.
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The IIT Madras BS Business Data Management (BDM) End Term paper sat on 30 Apr 2023, in the January 2023 term, set QPD1-S2: 19 questions for 40 marks in 180 minutes. The first 3 questions are below. Sign in with Google — it is free — to see the whole paper with its answers and explanations, in learning mode or as a timed mock test.
| Feature | BDM End Term 30 Apr 2023 Set QPD1-S2 at a glance |
|---|---|
| Term | January 2023 term |
| Subject | Business Data Management |
| Course code | BSMS2001 |
| Questions | 19 |
| Marks | 40 |
| Duration | 180 min |
| MCQ | 13 |
| Numerical | 6 |
| Official paper | IIT M DIPLOMA ET1 EXAM QPD1 S2 30 Apr 2023 |
| Negative marking | No negative marking. |
| Updated |
