This document provides a summary of a BUS 475 Capstone Final Exam from 2016. It includes 10 multiple choice questions about topics such as sampling distributions, ethical decision making frameworks, logical fallacies, unemployment types, and macroeconomic models. The questions are at an undergraduate business level and assess concepts often covered in a capstone course.
Attraction, recruitment and selection. How can we take unconscious bias out o...Binna Kandola
Gaining access to an organisation can be a challenge to visible minorities. That’s why, whether it be facilitating access to influential networks, curbing discrimination in the shortlisting process or improving interview practice, we must ensure recruitment and selection processes are fair. Learn more about how you can make this happen.
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Attraction, recruitment and selection. How can we take unconscious bias out o...Binna Kandola
Gaining access to an organisation can be a challenge to visible minorities. That’s why, whether it be facilitating access to influential networks, curbing discrimination in the shortlisting process or improving interview practice, we must ensure recruitment and selection processes are fair. Learn more about how you can make this happen.
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What communication type avoids conflict and focuses on facts and details rather than the big picture? They may be perceived by others as unemotional and nonchalant.
Argumentatives
Sympathetics
Systematics
Directs
A criticism of social media is that it
is only available to the media savvy.
contributes to the decline in writing and language skills.
leads to separation of the haves and have-nots.
leads to information overload
In this report we reveal the state of engagement in the world today. We will discuss how different contexts, from the macro- to the microlevel,can effect employee engagement.
In Oct. 2015, 29 dogs abandoned in a North Shore home without food and water with no response from the owner despite posting notifications by the Humane Society. With no owner surfacing for days, the dogs were taken in to the care of the Hawaiian Humane Society where they were treated for medical conditions and placed in protective care. The owner was charged with 29 counts of animal cruelty and a judge awarded the dogs to the Hawaiian Humane Society. All dogs have been adopted.
Testing Instruments are used to test Intelligence Quotient or personality tests to evaluate past-acquired competencies or future success in education or employment. A close examination and study of human cognition based on biological and anthropological evidence such as plasticity of brain we may have to include more universal set of competencies than ordinarily been considered such as verbal, mathematical and logical competencies. This paper attempts to address issues relating to definition of intelligence, its components and application of study for educational testing and selection process.
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What communication type avoids conflict and focuses on facts and details rather than the big picture? They may be perceived by others as unemotional and nonchalant.
Argumentatives
Sympathetics
Systematics
Directs
A criticism of social media is that it
is only available to the media savvy.
contributes to the decline in writing and language skills.
leads to separation of the haves and have-nots.
leads to information overload
In this report we reveal the state of engagement in the world today. We will discuss how different contexts, from the macro- to the microlevel,can effect employee engagement.
In Oct. 2015, 29 dogs abandoned in a North Shore home without food and water with no response from the owner despite posting notifications by the Humane Society. With no owner surfacing for days, the dogs were taken in to the care of the Hawaiian Humane Society where they were treated for medical conditions and placed in protective care. The owner was charged with 29 counts of animal cruelty and a judge awarded the dogs to the Hawaiian Humane Society. All dogs have been adopted.
Testing Instruments are used to test Intelligence Quotient or personality tests to evaluate past-acquired competencies or future success in education or employment. A close examination and study of human cognition based on biological and anthropological evidence such as plasticity of brain we may have to include more universal set of competencies than ordinarily been considered such as verbal, mathematical and logical competencies. This paper attempts to address issues relating to definition of intelligence, its components and application of study for educational testing and selection process.
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SWOT Analysis Guiding QuestionsStrengthsStrengths are internal.docxmattinsonjanel
SWOT Analysis Guiding Questions
Strengths
Strengths are internal, positive attributes of your company. These are things that are within your control.
· What business processes are successful?
· What assets do you have in your team, i.e. knowledge, education, network, skills, and reputation?
· What physical assets do you have, i.e. customers, equipment, technology, cash, etc?
· What competitive advantages do you have over your competition?
Weaknesses
Weaknesses are negative factors that detract from your strengths. These are things that you might need to improve on to be competitive.
· Are there things that your business needs to be competitive?
· What business processes need improvement?
· Are there tangible assets that your company needs, such as money or equipment?
· Are there gaps on your team?
· Is your location ideal for your success?
Opportunities
Opportunities are external factors in your business environment that are likely to contribute to your success.
· Is your market growing and are there trends that will encourage people to buy more of what you are selling?
· Are there upcoming events that your company may be able to take advantage of to grow the business?
· Are there upcoming changes to regulations that might impact your company positively?
· If your business is up and running, do customers think highly of you?
Threats
Threats are external factors that you have no control over. You may want to consider putting in place contingency plans for dealing them if they occur.
· Do you have potential competitors who may enter your market?
· Will suppliers be able to supply the raw materials you need at the prices you need?
· Could future developments and disruptors in technology change how you do business?
· Is consumer behavior changing in a way that could negatively impact your business?
· Are there market trends that could become a threat?
Running head: FIELD PSYCHOLOGY SCIENTIFIC METHOD1
FIELD PSYCHOLOGY SCIENTIFIC METHOD1
Field Psychology Scientific Method
Name
PSY/635
Teacher name
date
Field Psychology Scientific Method
In social psychology, there is a subtopic known as social cognition. Social cognition’s main focus is on how individuals store, process and apply information concerning social situations and other people. It shows us the role of cognitive processing in our social interaction. In order for people to have the advantage of being part of certain social groups, various psychological processes have to take part and they are controlled by social cognition.
Various social signals are of importance to social cognition. These signals enable individuals to learn about the world that surrounds them. These signals include facial expressions such as disgust and fear which warn us of danger, as well as eye gaze direction which shows the direction of interesting things.
In the article, “The Role of Social Cognition Skills (SCS) and Social Determination of Health (SDH) in Predicting Symptoms of Mental ...
SWOT Analysis Guiding QuestionsStrengthsStrengths are internal.docxrudybinks
SWOT Analysis Guiding Questions
Strengths
Strengths are internal, positive attributes of your company. These are things that are within your control.
· What business processes are successful?
· What assets do you have in your team, i.e. knowledge, education, network, skills, and reputation?
· What physical assets do you have, i.e. customers, equipment, technology, cash, etc?
· What competitive advantages do you have over your competition?
Weaknesses
Weaknesses are negative factors that detract from your strengths. These are things that you might need to improve on to be competitive.
· Are there things that your business needs to be competitive?
· What business processes need improvement?
· Are there tangible assets that your company needs, such as money or equipment?
· Are there gaps on your team?
· Is your location ideal for your success?
Opportunities
Opportunities are external factors in your business environment that are likely to contribute to your success.
· Is your market growing and are there trends that will encourage people to buy more of what you are selling?
· Are there upcoming events that your company may be able to take advantage of to grow the business?
· Are there upcoming changes to regulations that might impact your company positively?
· If your business is up and running, do customers think highly of you?
Threats
Threats are external factors that you have no control over. You may want to consider putting in place contingency plans for dealing them if they occur.
· Do you have potential competitors who may enter your market?
· Will suppliers be able to supply the raw materials you need at the prices you need?
· Could future developments and disruptors in technology change how you do business?
· Is consumer behavior changing in a way that could negatively impact your business?
· Are there market trends that could become a threat?
Running head: FIELD PSYCHOLOGY SCIENTIFIC METHOD1
FIELD PSYCHOLOGY SCIENTIFIC METHOD1
Field Psychology Scientific Method
Name
PSY/635
Teacher name
date
Field Psychology Scientific Method
In social psychology, there is a subtopic known as social cognition. Social cognition’s main focus is on how individuals store, process and apply information concerning social situations and other people. It shows us the role of cognitive processing in our social interaction. In order for people to have the advantage of being part of certain social groups, various psychological processes have to take part and they are controlled by social cognition.
Various social signals are of importance to social cognition. These signals enable individuals to learn about the world that surrounds them. These signals include facial expressions such as disgust and fear which warn us of danger, as well as eye gaze direction which shows the direction of interesting things.
In the article, “The Role of Social Cognition Skills (SCS) and Social Determination of Health (SDH) in Predicting Symptoms of Mental ...
360HR Knowledge Guide - The Science of SelectionDi Pass
HR and recruitment techniques have changed radically over the last decade, with technology advances and social changes bringing about new recruitment tactics and best practices.
360HR has summarised our most recent and on-the-job experience into this handy knowledge guide. You'll find practical ways to improve your recruitment outcomes and sidestep common HR pitfalls.
Chapter 1
Niccole Hyatt, PhD
objectives
Define operations management.
Describe difference between manufacturing and service organizations.
Describe decisions that operations managers make.
Identify major historical developments in operations management.
Identify current trends in operations management.
Describe the flow of information between operations management and other business functions.
What is operations management?
Operations management manages the resources and the transformation processes needed to produce the company’s products and services.
It involves managing people, machines, and information.
Operational excellence is the optimization of these mechanisms.
What decisions do operations managers make?
Operations managers must plan the production schedule. This entails deciding how much to produce and in what order. This information would be used to make purchasing and staffing decisions.
Operations managers must manage inventory. They must arrange the inventory in the warehouse. They also facilitate the movement of inventory from the warehouse to the retail facilities or customers.
Operations managers must also manage quality levels. This may include inspection of materials and the use of quality tools, such as control charts.
What is the transformation process?
The transformation process involves taking the various inputs and transforming them into outputs.
An advertising agency would transform the time of its staff into an advertising campaign.
A bank may use the time of a teller, an input computer, and a bank branch to accept a deposit.
A TV station could use the time of its production crew, the video equipment, and the studio to produce a news story.
What are the three major business functions?
The three major business functions are finance, marketing, and operations.
Finance manages the assets—the building used for production, investments, and cash flows related to production, such as providing the required machines.
Marketing generates sales of the product or service, such as finding customers for the proposed airplanes.
Operations entail the production of a product or service and must manage the inputs to production such as workers' time, materials, and machine time to create airplane parts.
Difference between strategic and tactical?
Strategic decisions are decisions that set the direction for the entire company; they are broad in scope and long-term in nature.
Tactical decisions are decisions that are specific and short-term in nature and are bound by strategic decisions.
Difference between service and manufacturing?
Service organizations involve the customers in their operations to some degree, while manufacturing organizations do not. Service organizations cannot create an inventory of the service since it is intangible.
Manufacturing organizations produce a physical product that can be stored in inventory.
For example, Ford Motors is a manufacturer. It makes automobiles, custome ...
1—Transformational LeadershipChange is considered by many as the.docxeugeniadean34240
1—Transformational Leadership
Change is considered by many as the new normal. Effective change management must be part of an organization’s DNA. An emerging leadership style called the transformational style has been shown to be effective in this environment, especially in leading change. This form of leadership goes beyond traditional forms of leadership which relied mainly on centralized control. It emphasizes more open communication, collaboration, and participation by employees.
research the transformational style of leadership. Respond to the following:
· What are the key attributes of the transformational style of leadership?
· Have you seen effective transformational leaders in action? If so, share some examples.
· Which of the other leaders that you have seen come close to being effective transformational leaders? Justify your answer with appropriate examples.
Write your initial response in approximately 300 words. Apply APA standards to citation of sources.
By Tuesday, September 10, 2013, post your response to the appropriate Discussion Area
LASA 1: The Leader as a Strategist Report
Using the Internet, find an organization you would be interested in working for or that is of interest to you personally. You now become a newly appointed senior leader in that organization. As a new leader, you must prepare a report for the CEO that assesses the organization’s overall alignment between its vision, mission, values, and strategy. This report should consist of the following sections:
1. An analysis of the strategic cascade of the organization.
This includes assessing the organization’s strategy and market position. Use the framework implied in Michael Porter’s (1997) article “What is Strategy.” When describing the business strategy of your organization, consider the following questions:
· What is the target market (target customer)?
· What is your organization's value proposition (How does it deliver value that satisfies the targets wants and needs?)?
· How is your product or service positioned in the market (What specific features and attributes define the product/service and how is its value reflected in its pricing, distribution, marketing communications, etc.?)?
· How is your organization sustainably different from your competitors (What is the source of uniqueness and how sustainable is it from being diminished by competitors?)?
2. Your assessment should also include a SWOT analysis (strengths, weaknesses, opportunities, and threats). A SWOT analysis is a strategy planning tool that examines both internal and external environment for factors and trends that should shape planning and operations over the next five years. Environmental factors internal to the company are classified as strengths (to be leveraged) or weaknesses (to be mitigated), while external factors are classified as either opportunities (to be pursued) or threats (to be monitored and responded to).
Some primer questions for the SWOT analysis include the following:
.
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Who among the following individuals is most likely to exhibit event creativity?
An individual who establishes win-win relationships with other people
An individual who settles a disagreement quickly in an ingenious way
An individual who modifies the strategies of a group in a creative manner
An individual who organizes annual me
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You will walk away with a toolkit of actionable steps to implement today to:
-- break down communication silos
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Similar to Bus 475 capstone final exam new 2016 part 1 (20)
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The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
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Model Attribute Check Company Auto PropertyCeline George
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Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
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Embracing GenAI - A Strategic ImperativePeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
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June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
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Bus 475 capstone final exam new 2016 part 1
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2. BUS 475 CAPSTONE FINAL EXAM NEW 2016 PART 1
If a population is known to be normally distributed, what can be said of the sample distribution of the sample mean drawn
from this population?
For a sample size n < 30, the sampling distribution of the sample mean is normally distributed.
For a sample size n > 30, the sampling distribution of the sample mean is normally distributed.
For any sample size n, the sampling distribution of the sample mean is normally distributed.
For a sample size n < 50, the sampling distribution of the sample mean is normally distributed.
Sam, a marketing manager, often makes ethical decisions based on what others feel about those decisions. He often
considers opinions from other managers and employees. Which of the following ethical systems do Sam’s decisions
follow?
Consequentialism
Utilitarianism
Relativism
Egoism
Which of the following is typically included in the drafting stage of writing an effective business message?
?Setting a positive and other-oriented tone
Sending the message to be proofread
Double-checking everything
Identifying the primary message and key points
Marketing refers to__________.
the activity for creating, communicating, delivering, and exchanging offerings that benefit its customers, the organization,
its stakeholders, and society at large
the process of identifying target market segments for a product or service
the activity involved in getting a product or service from the manufacturer to ultimate consumers and organizational buyers
the production of products or services that will generate the highest return on investment
Lori is using secondary research to develop a business report. How can she write her report in a way that demonstrates
originality in thought?
Cite all her research sources
Use the most current documentation guidelines
Generate her own conclusions and recommendations
Adopt a methodical approach to decision making
3. Annie, an employee who often attributes her team failures to bad luck, attributes other teams’ failures to personal
shortcomings. Which of the following cognitive biases do Annie’s attributions exemplify?
Self-deception bias
Belief bias
In-group bias
Hindsight bias
When does the straw man fallacy occur?
When a person tries to disprove a claim based on its source.
When a person falsifies or overstates an adversary’s position.
When a person considers only 2 alternatives even when other options are available.
When a decision maker dismisses an alternative that fails to solve the issue completely.
Which of the following types of unemployment is considered to be the most controllable through demand-side
macroeconomic policy?
Cyclical unemployment
Natural unemployment
Structural unemployment
Frictional unemployment
Microeconomics and macroeconomics are:
Interrelated because both are often taught by the same instructors
Interrelated because what happens in the economy as a whole is based on individual decisions
Virtually identical, though one is much more difficult than the other
Not related because they are taught separately
Article 6 of the Treaty on European Union called the Maastricht Treaty states the EU is “founded” on:
specific performance
stare decisis
private markets
rule of law
Which of the following is the path through which contractionary monetary policy works?
Money down implies interest rate up implies investment up implies income down
Money down implies interest rate up implies investment down implies income down
Money down implies interest rate down implies investment down implies income down
Money down implies interest rate down implies investment up implies income down
4. The depreciation of currency will:
improve a country’s comparative advantage.
worsen a country’s comparative advantage.
balance a trade surplus.
have no impact on a country’s comparative advantage.
Marketing research refers to__________.
The use of information technology to find objective solutions to a marketing problem
the process of systematically collecting and analyzing information in order to define a marketing problem
the process of defining a marketing problem and opportunity, systematically collecting and analyzing information, and
recommending actions
the science of using observable human behavior in order to identify and solve marketing problems
_____ is the process of converting meaning into messages composed of words and nonverbal signals.
Translating
Decoding
Encoding
Filtering
Federal law and business leaders alike favor ____________ as a means of governing private business ethics.
Self-regulation by companies
Establishment of federal regulators in all private companies to establish and enforce ethical standards.
Giving the federal government exclusive jurisdiction regarding ethics and ethics violation enforcement.
Creating uniform statutes of business ethics.
Which of the following statements is true of the WARN Act?
It requires employers to give notice to an “at will” employee that he/she is being fired.
It requires employers to give notice of a scheduled mass layoff.
It requires employers to give notice to employees that they are being subjected to polygraph tests.
It requires employers to give notice to employees that an unscheduled drug test will be conducted for all employees.
According to the Ajzen model, the strongest predictor of an employee’s behavior is/are__________.
?social norms
the employee’s values
the employee’s attitudes
the employee’s intentions
5. The interdisciplinary field dedicated to understanding and managing people at work is called:
?management dynamics
management theory
organizational behavior
organizational dynamics
Regarding using personality testing as part of the hiring process, experts have concluded that:
There are many valid instruments available to managers to test for personality types.
Only the Big Five should be used as predictors of job performance.
The typical personality test is not a valid predictor of job performance.
The effects of personality on job performance are so large it cannot be ignored by managers.
In the context of developing persuasive messages, which of the following is most likely to help you demonstrate a voice of
competence?
focusing only on logical appeals
using only emotional appeals in your persuasive messages
developing strong ideas in the interest of your audience
adopting the tone of mass advertising such as over-the-top appeals
?Identify an example of spontaneous creativity.
Settling a disagreement quickly in a simple way.
Modifying the strategies and procedures of a group.
Establishing win-win relationships with other people.
Organizing annual meetings and get-togethers innovatively.
Alex is playing his music at full volume in his dorm room. The other people living on his floor found this to be a nuisance,
but Alex doesn’t care. Alex’s music playing is an example of:
positive externality
normative externality
negative externality
Pareto externality
Which of the following is useful advice on conducting business across cultures with those who have limited English
ability?
Speak at your normal, regular pace instead of speaking slowly as this may be viewed as disrespectful.
Determine a person’s level of communication proficiency within the first few moments of your interactions with them.
Use slang and jargon instead of literal language as much as possible.
Allow those with limited English ability enough time to process their thoughts into English.
6. Joyce finds that the members of the project team to which she has been assignment in her management class are all athletes
on the college’s football and basketball teams. She immediately considers dropping the class because she thinks her
experience with that team will be negative. Joyce is likely reacting to a__________.
semantic memory
negativity bias
stereotype
self-serving bias
According to the Classical growth model, an economy that increases its saving will grow:
?Quickly since the increase in saving will permit more rapid technological progress.
Slowly because interest rates will fall, causing investment to decline.
Slowly because consumption and aggregate demand will be reduced.
Quickly since the increase in saving will permit greater investment.
?
The distinction between flexible and fixed individual differences__________.
is that managers should hire people based on their attitudes and emotions
is that managers have little or no impact on fixed differences
has no practical value for managers
is that managers have little or no impact on flexible differences
Advertising, personal selling, sales promotion, public relations, and direct marketing are marketing communications
alternatives that make up a firm’s __________.
promotional mix
communication source
marketing mix
?media strategy
What is the main drawback to the Negotiation & Agreement strategy for overcoming resistance to change?
ineffective
too expensive if others decide to also negotiation for compliance
leads to future problems if people feel manipulated
time-consuming
Your resume should tell a story of______.
everything you have learned and done in your previous job
the value you can provide to a company
Your educational accomplishments
7. how you plan to improve your areas of weakness
A receptive developmental network is__________
made up of weak ties to multiple developers from a variety of social systems
made up of numerous strong ties to developers from one social system
made up of strong ties to several developers from four different social systems
made up of a few weak ties from one social system
What is true of the features used to judge a person’s credibility?
Mannerisms and age are two valid features that can be used to judge a person’s credibility.
Well-educated individuals can be highly relied upon as guides to ethical values.
Ethnicity, gender, and accent are inapt characteristics for judging credibility.
Individuals can accurately determine a person’s credibility based on physical characteristics.
Identify the statement that accurately describes the Sarbanes-Oxley Act.
It requires business to have only company insiders as board directors.
Unlike other Acts, its violations do not result in fines or prosecutions.
Complying with the act saves time and money, but deteriorates efficiency.
It was passed to promote business ethics by creating legal requirements.
Which of the following can be represented by a discrete random variable?
the circumference of a randomly generated circle
The number of defective lightbulbs in a sample of five
The average distance achieved in a series of long jumps
The time of a flight between Chicago and New York
Suppose that college tuition is higher this year than last and that more students are enrolled in college this year than last
year. Based on this information, we can best conclude that:
despite the increase in price, quantity demanded rose due to some other factors changing.
this situation has nothing to do with the law of demand.
the demand for a college education is positively sloped.
the law of demand is invalid.
Frequent, abusive, threatening phone calls by creditors are most likely to provoke the basis for a claim of _____________.
misrepresentation
malicious representation
intentional infliction of emotional distress
false imprisonment and malicious prosecution
8. A 911 emergency response service needs operators who are bilingual in English and Spanish. A few applicants of Spanish
origin are rejected due to poor English-speaking skills. They file a complaint on the grounds of discrimination based on
nationality. Their complaint is squashed. Here, the defense of the federal government is on the grounds of:
Circumstantial evidence
Inculpatory evidence
Exclusionary rule
Bona fide occupational qualifications
In order to focus your presentation on people, you should______.
avoid using presentation software or other technology
use a lot of “I” statements
make individuals and groups the subject of your sentences
include as many photographs as possible in your slides
In order to summarize qualitative data, a useful tool is a____________.
scattergram
stem-and-leaf diagram
frequency distribution
histogram
The product life cycle refers to __________.
a concept that describes the stages a product goes through in the marketplace — introduction, growth, maturity, and decline
the average life span of a product
a concept that describes the stages a product goes through in the marketplace—early growth, accelerated development,
maturity, and decline
a concept that describes the stages a new product goes through from product concept to commercialization
The study of similarities and differences among consumers in two or more nations or societies is referred to as
__________.
cross-cultural analysis
international sociographics
market synthesis
transnational anthropology
Other things held constant in a competitive labor market, if workers negotiate a contract in which the employer agrees to
pay an hourly wage of $17.85 while the market equilibrium hour rate is $16.50, the:
Quantity of workers supplied will exceed the quantity of workers demanded.
Quantity of workers demanded will exceed the quantity of workers supplied. ?
Supply of labor will decrease until the equilibrium wage rate is $17.85.
Demand for labor will increase until the equilibrium wage rate is $17.85.
9. In which of the following situations is a budget surplus most likely to occur?
When fiscal policy is expansionary and the economy is contracting
When fiscal policy is contractionary and the economy is expanding
When fiscal policy is expansionary
When the economy is contracting
How many parameters are needed to fully describe any normal distribution??
1
3
2
4
Fred takes Betty to dinner at a very expensive and exclusive restaurant. The menu does not mention prices. The server
takes their order, and both Betty and Fred enjoyed the meal immensely. When the bill comes, Fred refuses to pay because
the menu had no prices and because he and the server never engaged in language indicating an offer and acceptance. The
server said, “Are you ready to order?” and when Fred said “Yes,” the server merely asked, “What may I get you tonight?”
Fred must pay based on a promissory estoppel theory.
Fred must pay based on expressed contract theory.
Fred is correct because no contract was formed.
Fred must pay based on an implied-in-fact contract theory.
The DeBeers company is a profit-maximizing monopolist that exercises monopoly power in the distribution of diamonds.
If the company earns positive economic profits this year, the price of diamonds will:
Be equal to the average total cost of diamonds.
Exceed the marginal cost of diamonds but equal to the average total cost of diamonds.
Be equal to the marginal cost of diamonds.
Exceed both the marginal cost and the average total cost of diamonds
Jay stops at the shopping mall to purchase a new pair of jeans from the Diesel store. He is the ultimate consumer in a
pipeline from the producer through intermediaries, including the clothing store. This pipeline is actually a__________.
marketing tunnel
consumer market
marketing channel
distribution matrix
A monopoly firm is different from a perfectly competitive firm in that:
10. A monopolist’s demand curve is perfectly inelastic whereas a perfectly competitive firm’s demand curve is perfectly
elastic.
A monopolist can influence market price whereas a perfectly competitive firm cannot.
A competitive firm has a u-shaped average cost curve whereas a monopolist does not.
There are many substitutes for a monopolist’s product whereas there are no substitutes for a competitive firm’s product.
When two regression models applied on the same data set have the same response variable but a different number of
explanatory variables, the model that would evidently provide the better fit is the one with a__________.
higher coefficient of determination and a lower adjusted coefficient of determination
lower standard error of the estimate and a higher adjusted coefficient of determination
higher standard of error of the estimate and a higher coefficient of determination
lower standard error of the estimate and a higher coefficient of determination
Suppose farmers can use their land to grown either wheat or corn. The law of supply predicts that an increase in the market
price of wheat will cause:
farmers to lower the production of corn and wheat.
farmers to substitute wheat for the production of corn.
farmers to substitute corn for the production of wheat.
farmers to raise the production of corn and wheat.
Under the regulations of interstate commerce:
Activities affecting interstate commerce do not come under the power of the deferral government.
Intrastate activities affecting interstate commerce can be regulated only by the state governments.
Regulation on any activity is appropriate if it aids interstate commerce.
The states have the exclusive power to commerce that passes that passes across their lines.