Discussion
Which of the following are responsibilities of a Business Economist?
Responsibilities:
i) Make a reasonable profit on capital employed.
ii) Make successful forecasts by making in-depth study of the internal and external factors.
iii) Inform the management of all the economic trends.
iv) Establish and maintain contacts with individuals and data sources.
v) Test and analyse the software.
Answer: C
The responsibilities are i, ii, iii and iv. A business economist makes a reasonable profit on capital employed, makes successful forecasts from an in-depth study of internal and external factors, informs the management of economic trends, and keeps contacts with individuals and data sources. Testing and analysing software (v) is the work of a software tester, not an economist, so the options that include v are wrong, and the options that leave out one of i to iv are incomplete.
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