Chapter 5 Quiz
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This document contains an economics chapter quiz with multiple choice and short answer questions testing key concepts about supply and demand, costs of production, and supply curves. It includes questions about the definition of supply, shifts in the supply curve from changes in costs or other factors, the stages of production, and applying the concepts to graphs and data tables.
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Part 1 - Sample costing flow for a product (10 marks)More re.docx
Part 1 - Sample costing flow for a product (10 marks)
More readings:
Accounting academic help
Box D
Finished Goods:
Opening Balance
+ Transfers in
- Transfers out
Ending Balance
Box B
Sales
- Cost of Goods Sold
Gross Margin
- Corporate Overhead
Earnings before Taxes (operating profit)
- Taxes
Net Income
Box A
Materials:
Opening Balance
+ New work
- Transfers out
Ending Balance
Box C
Work In Process:
Opening Balance
+ Transfers in
+ Labour
+ Mfg Overhead
- Transfers out
Ending Balance
Questions:
1. What type of costing system is illustrated above on this page?
__________________________________________________________________________________
2. What is the correct ordering of the flow of boxes above (example: B to D to C to A)
Also read:
Calculation and classification of cost
___________________________________________________________________________________
3. True and False questions – Mark with X.
Question
True
False
A. Inventory in “finished goods” is the end of the production process.
B. Units transferred out from a department will have material, labour and factory overhead in its cost and is considered material in the next department.
C. Equivalent units of production are the portion of whole units that are complete with respect to either materials or conversion (direct labour and factory overhead) costs.
D. Process costing is used for custom production.
E. Process costing and job costing assign the same costs.
F. FIFO costing includes beginning inventory costs in the equivalent per unit cost.
G. If material for 1000 products was added to Work in Process but conversion costs are 75% complete at month end, the equivalent units for allocating conversion costs incurred in the month are A = 1,000 or B = 750 units. Which is correct?
A
B
H. The Finished Goods in Box D received $25,000 of costs (Transferred in). Opening inventory was $10,000 and ending inventory was $5,000. Transferred out must be A = $25,000 or B = $30,000. Which is correct?
A
B
Part 2 - Sample costing flows and pricing for three customers (10 marks)
Box A
Customer 1
+ Material
+ Labour
+ Mfg. Overhead
+ Corp Overhead
+ Mark up
= Floating Price
Box D
Customer 4
+ Material
+ Labour
+ Mfg. Overhead
+ Corp Overhead
+ Mark up
= Fixed Price
Box C Actual
Customer 2
+ Material to-date
+ Labour to date
+ Mfg. Overhead
+ Corp Overhead
Costs to date
Box C Forecast
Customer 2
+ Material
+ Labour
+ Mfg. Overhead
+ Corp Overhead
+ Mark up
= Fixed Price
Questions:
1. What type of costing system is illustrated above on this page?
__________________________________________________________________________________
2. What is a potential issue with Customer 2 if the overhead allocation is based on a budget and actual results mean the allocat.
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Name:___________________________________ Banner:__________________________________
1) Suppose you decide to attend summer school and that this is considered a rational choice. When making this
choice,
A) you have made a positive statement.
B) you have used the ceteris paribus assumption.
C) you must have considered the social interest.
D) you must ignore the problem of scarcity.
E) you considered the marginal cost and marginal benefit of your choice.
2) The expenditure approach to measuring GDP is done by using data on only
A) consumption expenditure and investment.
B) wages, rent, interest, and profit.
C) consumption expenditure, investment, government expenditure on goods and services, and net exports
of goods and services.
D) consumption expenditure.
E) consumption expenditure, investment, and government expenditures.
3) The largest expenditure category in the United States is
A) net exports of goods and services.
B) investment.
C) wages.
D) consumption expenditure.
E) government expenditure on goods and services.
4) Economic growth is a sustained expansion of production possibilities, as measured by the increase in
________ over time.
A) population
B) the price level
C) inflation
D) employment
E) real GDP
5) The "value of money"
A) is the quantity of goods and services that a unit of money can buy.
B) increases during inflationary periods.
C) is directly related to the price level.
D) increases during economic expansions.
E) is determined by Fed regulations.
6) If the quantity of money supplied ________ the quantity demanded, in the long run the value of money
________.
A) exceeds; falls as people spend their surplus money
B) is less than; does not change unless the Fed increases the money supply
C) equals; equals zero
D) is less than; falls as people spend their surplus money
E) exceeds; rises as people buy bonds
7) Inflation is a tax because as the government ________ the quantity of money, the price level ________, and
the purchasing power of households' money ________.
A) decreases; rises; decreases
B) decreases; falls; decreases
C) increases; rises; decreases
D) does not change; rises; increases
E) increases; rises; increases
Figure 3-1
8) Refer to Figure 3-1. If the product represented is an inferior good, an increase in income would be
represented by a movement from
A) B to A. B) A to B. C) D2 to D1. D) D1 to D2.
9) Refer to Figure 3-1. A decrease in the price of the product would be represented by a movement from
A) D2 to D1. B) B to A. C) A to B. D) D1 to D2.
10) Suppose that when the price of raspberries increases, Lonnie increases his ...
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Name: Don’t Forget
Date:
UNIT 3 TEST
(The directions and procedures for this test are the same as for the previous Unit test.)
Save this test on your computer, and complete the questions by marking correct answers with the “text color” function in WORD ( ) located on the “home” toolbar.Please attach your completed test to the assignment submission page.
Section I
Please identify problems of vagueness, overgenerality and ambiguity (double meaning) in the following passages. Then explain briefly how/why the passage exemplifies that problem. (Some examples may contain more than one problem.)
1. Who was Hitler? He was an Austrian.
__vague
__overgeneral
__ambiguous
Explanation:
2. The judge sanctioned the firm's criminal conduct.
__vague
__overgeneral
__ambiguous
Explanation:
3. "Turn right here!"
__vague
__overgeneral
__ambiguous
Explanation:
4. (From a Student Code of Conduct- Sexual impropriety in the dorms after 6:00 pm is forbidden.
__vague
__overgeneral
__ambiguous
Explanation:
5. Did Donald win the election? Well, he did get quite a few votes!
__vague
__overgeneral
__ambiguous
Explanation:
6. How are Henry’s finances? Oh, he’s really quite well off!
__vague
__overgeneral
__ambiguous
7. Bertha Belch, as missionary from Africa, will be speaking tonight at the Calvary Chapel. Come and hear Bertha Belch all the way from Africa.
__vague
__overgeneral
__ambiguous
Explanation:
8. Lower Slobovia can’t be a very well-run country. I mean, it’s not particularly democratic!
[Careful: Think about the various aspects of these claims before answering.]
__vague
__overgeneral
__ambiguous
Section II. Definitions
Please indicate whether the following are stipulative, persuasive, lexical or precising definitions.
9. Postmodern means a chaotic and confusing mishmash of images and references that leaves readers and viewers longing for the days of a good, well-told story.
__ stipulative
__ persuasive
__ lexical
__ précising
10. A triangle is a plane figure enclosed by 3 straight lines.
__ stipulative
__ persuasive
__ lexical
__ precising
11. An arid region, for purposes of this study, is any region that receives an average of less than 15 inches of rain per year
__ stipulative
__ persuasive
__ lexical
__ precising
14. A Blanker is someone who sends holiday cards without signatures or personalized messages
__ stipulative
__ persuasive
__ lexical
__ precising
15. Tragedy, in literary terms, means a serious drama that usually ends in disaster nd that focuses on a single character who experiences unexpected reversals in fat, often falling from a position of authority and power because of an unrecognized flaw or misguided action
__ stipulative
__ persuasive
__ lexical
__ précising
Section III. Strategies for Defining
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OPTION 3 Confidence Interval on the Mean – one sample (T-Interva.docx
OPTION 3: Confidence Interval on the Mean – one sample (T-Interval)
A) Introduction – introduce the topic and yourself: 5% of score
Explicitly identify the following:
1) Parameter of interest: __________________________
2) Population of interest (be as specific as necessary): ___________________________
3) Variable of interest: _____________________________
4) Then write a paragraph or two of introduction to your paper. In the paragraph, include at least the following information: Your research objective, your interest in the topic.
Describe in detail where you found your sample and specifically how you chose which individuals to survey.
B) Data Sets – Present your organized data and sample statistics: 15%
1) DATA SET A: a) Show the frequency distribution of your full data set. Call it Data Set A.
It must have at least 80 individuals: n > 80. You can use either a table or a histogram to show the distribution:
Identify b) sample size: __________ c) mean :___________ d ) standard deviation: ____________
e) Estimated Standard Error of the means (SE): ______________________. Round each to four decimal places if needed.
2) DATA SET B: Select some of the data points from Data Set A to create smaller data set. Call this Data Set B. It should have about half of the values from Data Set A.
a) Show the frequency distribution of Data Set B. You can use either a table or a histogram to show the distribution. USE THE SAME GROUPING (CLASSES) FOR EACH DATA SET:
Identify b) sample size: __________ c) mean :___________ d ) standard deviation: ____________
e) Estimated Standard Error of the means (SE): ______________________. Round each to four decimal places if needed.
f) Describe specifically how you chose the individuals from Data Set A to create Data Set B.
3) DATA SET C: Select between 10 and 20 data values from Data Set A to create a still smaller data set. Call this Data Set C.
a) Show the frequency distribution of Data Set C. You can use either a table or a histogram to show the distribution. USE THE SAME GROUPING (CLASSES) FOR EACH DATA SET
Identify b) sample size: __________ c) mean :___________ d ) standard deviation: ____________
e) Estimated Standard Error of the means (SE): ______________________. Round each to four decimal places if needed.
f) Describe specifically how you chose the individuals from Data Set A to create Data Set C.
C) The Intervals – Construct the Confidence Intervals for three different sample sizes and three different levels of confidence: 45%
1) Degrees of freedom (df) – determine the degrees of freedom for each Data Set.
Data Set A: df = __________ Data Set B: df = __________ Data Set C: df = __________
2) Choose three confidence levels, between 80% and 99%.
C-level 1: __________ C-level 2: __________ C-level 3: __________
3) Determine for each level of confidence you chose.
.
Week 3 Activity 1 Midterm ExamTop of FormQuestion 1 In gene.docx
Week 3 Activity 1: Midterm Exam
Top of Form
Question 1
In general, what is a price index? What questions does it help answer?
Answer:
Question 2
For the perfectly competitive firm, price equals marginal revenue because _________.
Choose one answer.
a. when another unit of the good is sold, total revenue increases by the price of the good
b. when another unit of the good is sold, total revenue decreases by the price of the good
c. when another unit of the good is sold, total revenue increases by less than the price of the good
d. when another unit of the good is sold, total revenue increases by more than the price
Question 3
The law of supply states that _________.
Choose one answer.
a. firms supply more of a product as consumer income rises
b. firms supply more of a product as consumer income falls
c. firms supply more of a product as the price of the product rises
d. firms supply more of a product as the price of the product falls
Question 4
The price elasticity of demand is calculated by _________.
Choose one answer.
a. the change in price divided by the change in quantity demanded
b. the change in quantity demanded divided by the change in price
c. the percentage change in price divided by the percentage change in quantity demanded
d. the percentage change in quantity demanded divided by the percentage change in price
Question 5
Scarcity can best be defined as a situation in which _________.
Choose one answer.
a. there are no buyers willing to purchase what sellers have produced
b. there are not enough goods to satisfy all of the buyers’ demand
c. resources are limited in quantity and can be used in different ways
d. there is not enough money to satisfy consumers’ wants
Question 6
Match the description to the right curve.
is cost that varies with the level of output
is cost that does not vary with output
is the sum of total variable cost and total fixed cost
shows the additional cost of each additional unit of output a firm produces
is total cost divided by quantity.
is the firm’s variable cost per unit of output; it is total variable cost divided by quantity
which is total fixed cost divided by quantity
Question 7
State the essential difference between the classical and Keynesian schools of thought. If you were a public policymaker and received conflicting advice from a classical and a Keynesian economist, how would you choose? Explain.
Answer:
Question 8
In the short-run, ______ factors of production are fixed, while in the long-run, _____ of them are.
Choose one answer.
a. some, none
b. all, none
c. no, at least some
d. all, at least some
Question 9
When economists say a market has "barriers to entry" they refer to _________.
Choose one answer.
a. monopolists being prohibited from selling their products to certain customers
b. a policy that some countries establish to reduc.
Instructions This is an open-book exam. You may refer to you.docx
Instructions:
This is an open-book exam. You may refer to your text and other course materials as you work on the exam, and you may use a calculator.
Record your answers and work in this document.
There are 25 problems.
Problems #1-12 are multiple choice. Record your choice for each problem.
Problems #13-15 are short answer. Record your answer for each problem.
Problems #16-25 are short answer with work required when directed. When requested, show all work and write all answers in the spaces allotted on the following pages. You may type your work using plain-text formatting or an equation editor, or you may hand-write your work and scan it. In either case, show work neatly and correctly, following standard mathematical conventions. Each step should follow clearly and completely from the previous step. If necessary, you may attach extra pages.
MULTIPLE CHOICE. Record your answer choices.
1.7.
2.8.
3.9.
4.10.
5.11.
6.12.
SHORT ANSWER. Record your answers below.
13. (a)
(b)
(c)
(d)
14. (a)
(b)
(c)
15. (a)
(b)
(c)
SHORT ANSWER with Work Shown. Record your answers and work.
Problem Number
Solution
16
Answers:
(a)
(b)
(c)
Work for (a), (b), and (c):
17
Answer:
Work:
18
Answer:
Work:
19
Answers:
(a)
(b)
(c)
Work for (a) and (b):
20
Answer:
Work:
21
Answer:
Work:
22
Answer:
Work:
23
Answers:
(a)
(b)
(c)
(d)
Work for (b), (c), and (d):
24
Answer:
Work:
25
Answers:
(a)
(b) Region I:
Region II:
Region III:
Region IV:
Work:
MATH 106 Finite Mathematics 2148-OL4-7983-3D
Page 1 of 10
MATH 106 FINAL EXAMINATION
This is an open-book exam. You may refer to your text and other course materials as you work
on the exam, and you may use a calculator. You must complete the exam individually.
Neither collaboration nor consultation with others is allowed. Use of instructors’ solutions
manuals or online problem solving services in NOT allowed.
Record your answers and work on the separate answer sheet provided.
There are 25 problems.
Problems #1–12 are Multiple Choice.
Problems #13–15 are Short Answer. (Work not required to be shown)
Problems #16–25 are Short Answer with work required to be shown.
MULTIPLE CHOICE
1. – 2. Amalgamated Furniture Company makes dining room tables and chairs. A table requires
8 labor-hours for assembling and 2 labor-hours for finishing. A chair requires 2 labor-hours for
assembly and 1 labor-hour for finishing. The maximum labor-hours available per day for
assembling and finishing are 400 and 120, respectively. Production costs are $600 per table and
$150 per chair. Let x represent number of tables and y represent number of chairs made per day.
1. Identify the daily production constraint for finishing:
.
Unit 4 MCQ’s and written QMultiple Choice Questions (Enter you.docx
Unit 4 MCQ’s and written Q
Multiple Choice Questions (Enter your answers on the enclosed answer sheet)
1. Which type of retailer tends to be the most frequently shopped?
a. Convenience stores b. Department stores c. Supermarkets d. Off-price retailers e. Superstores
2. As a result of the great success of corporate chains, many independent stores choose to band together in either a voluntary chain or a(n) ________.
a. factory outlet b. warehouse club c. independent off-price retailer d. retailer cooperative e. convenience cooperative
3. While all retailers would like to achieve ________ while charging ________, the two seldom happen together.
a. low volume; low markups b. high volume; cut-rate markups c. high volume; low markups d. high volume; high markups e. low volume; high markups
4. In-store demonstrations, displays, contests and visiting celebrities are examples of ________.
a. agent promotions b. sales promotions c. product life-cycling d. franchises e. broker promotions
5. In response to a(n) ________, many retailers have cut costs, used price promotions and added new value pitches to their positioning.
a. down economy b. up economy c. shift in retail technology d. dot-com boom e. dot-com meltdown
6. The merging of consumers, products, prices and retailers is called ________.
a. consumer convergence b. retail clustering c. price merging d. retail convergence e. retail conglomeration
7. ________ buy mostly from producers and sell to retailers and industrial consumers.
a. Discount stores b. Wholesalers c. Independents d. Factory outlets e. Megaretailers
8. ________ are the largest group of wholesalers. The group can be divided into the two broad types of full-service and limited-service.
a. Brokers b. Specialty wholesalers c. Agents d. Manufacturer sellers e. Merchant wholesalers
9. ________, or manufacturers’ representatives, represent a buyer or seller on a more permanent basis.
a. Franchises b. Retailers c. Agents d. Brokers e. Intermediaries
10. 7-Eleven, Stop-N-Go, and Circle K, small stores that traditionally have had a primary market of young, blue-collar men, are examples of ________.
a. specialty stores b. department stores c. supermarkets d. category killers e. convenience stores
11. Which of the following types of retailers is most likely to practice everyday low pricing (EDLP)?
a. Convenience stores b. Department stores c. Discount stores d. Full-service retailers e. Category killers
12. The promotion mix is the company’s primary communication activity; the marketing mix must be coordinated for the greatest communication impact. What is NOT included in the entire marketing mix?
a. Price b. Promotion c. Competitor d. Place e. Product
13. Marketing communicators must do all of the following EXCEPT ________.
a. choose the media through which to send a message b. determine the communication objectives c. collect feedback d. identify the target audience e. deliver products to t ...
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This document appears to be a sample midterm exam for a principles of macroeconomics course. It contains 20 multiple choice questions testing concepts like cost-benefit analysis, supply and demand, and macroeconomic indicators. It also includes short answer questions defining terms like substitutes/complements and asking students to apply concepts like diminishing returns. The exam instructions note it is closed book and calculators are allowed.
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BetterPie Industries has 3 million shares of common stock outstand.docx
BetterPie Industries has 3 million shares of common stock outstanding, 2 million shares of preferred stock outstanding, and 10,000 bonds. Assume the common shares are selling for $48 per share, the preferred shares are selling for $25.50 per share, and the bonds are selling for 99 percent of par.
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Algebra 2 Midterm Exam
1
Score: ______ / ______
Name: _________________________
Student Number: ________________
Multiple Choice: Type your answer choice in the blank.
_____1.
Simplify.
√
√
A. √
B. √
C. √
D. √
_____2. Find a quadratic function to model the values in the table. Predict the value
of y for x = 6.
X y
1 2
0 -2
3 10
A. y = -2x2 + 2x -2; –58
B. y = 2x2 – 2x -2; 60
C. y = 2x2 – 2x -2; 58
D. y = -2x2 + 2x +2; –58
Algebra 2 Midterm Exam
2
______3. A manufacturer of shipping boxes has a box shaped like a cube. The side length
is 5a + 4b. What is the volume of the box in terms of a and b?
A.
B.
C.
D.
_____4. In how many ways can 3 singers be selected from 5 who came to an audition?
A. 1
B. 10
C. 5
D. 60
_____5. Solve the problem by writing an inequality. A club decides to sell T-shirts for
$12 as a fund-raiser. It costs $20 plus $8 per T-shirt to make the T-shirts.
Write and solve an equation to find how many T-shirts the club needs to make
and sell in order to profit at least $100.
A. ( )
B.
C. ( )
D. ( )
Short Answer: Type your answer in the space below each question. Show your
work when applicable.
6. The velocity of sound in air is given by the equation √ , where v is
the velocity in meters per second and t is the temperature in degrees Celsius.
Find the temperature when the velocity is 329 meters per second by graphing
the equation. Round the answer to the nearest degree.
Algebra 2 Midterm Exam
3
7. The volume in cubic feet of a box can be expressed as ( ) , or
as the product of three linear factors with integer coefficients. The width of the
box is 2 – x.
Factor the polynomial to find linear expressions for the height and the width.
8. This table shows data on heating oil use for two years in three adjacent
buildings on Spring Street.
Heating Oil Use
Number of Gallons Used
Address 2002 2003
152 Spring St. 1215 1093
154 Spring St. 982 975
156 Spring St. 1562 1437
a. Write a matrix H to represent the data.
b. Find element . What does this element represent?
Algebra 2 Midterm Exam
4
9.
So ...
Querying Database Review Question
This document contains a review quiz on querying a database in Microsoft Access. It includes 25 multiple choice and true/false questions covering topics like creating and designing queries, specifying criteria, sorting, joins, and calculated fields. The questions are aimed at testing understanding of fundamental query concepts and techniques in Access.
Cr #7
The document contains a math worksheet with 10 problems:
1) Finding the percentage of cars with fuel efficiency over 20 mpg using proportions
2) Calculating discount prices on a sweater using proportions
3) Finding the original price of shirts bought with a 30% discount
4) Calculating the volume of a rectangular prism in fractional form
5) Finding the area of a polygon
6) Calculating areas of triangles and a rectangle using given dimensions
7) Determining the maximum number of 15-inch pieces that can be cut from two 7-foot boards
8) Plotting and drawing two triangles on a coordinate grid
9) Evaluating an algebraic expression for a given value of x
10
Math 107 Final ExaminationSpring, 20131Math 107 College Algebr.docx
Math 107 Final ExaminationSpring, 20131
Math 107 College AlgebraName______________________________
Final Examination: Spring, 2013Instructor __________________________
Answer Sheet
Instructions:
This is an open-book exam. You may refer to your text and other course materials as you work on the exam, and you may use a calculator.
Record your answers and work in this document.
There are 30 problems.
Problems #1-12 are multiple choice. Record your choice for each problem.
Problems #13-21 are short answer. Record your answer for each problem.
Problems #22-30 are short answer with work required. When requested, show all work and write all answers in the spaces allotted on the following pages. You may type your work using plain-text formatting or an equation editor, or you may hand-write your work and scan it. In either case, show work neatly and correctly, following standard mathematical conventions. Each step should follow clearly and completely from the previous step. If necessary, you may attach extra pages.
You must complete the exam individually. Neither collaboration nor consultation with others is allowed. Your exam will receive a zero grade unless you complete the following honor statement.
(
Please sign (or type) your name below the following honor statement:
I have completed this
final examination
myself,
working independently and not consulting anyone except the instructor.
I have neither given nor received help on this final examination.
Name ____________
______
___
Date___________________
)
MULTIPLE CHOICE. Record your answer choices.
1.7.
2.8.
3.9.
4.10.
5.11.
6.12.
SHORT ANSWER. Record your answers below.
13.
14.
15.
16.
17.
18.
19. (a)
(b)
(c)
20. (a)
(b)
(c)
(d)
21. (a)
(b)
(c)
(d)
SHORT ANSWER with Work Shown. Record your answers and work.
Problem Number
Solution
22
Answer:
Work:
23
Answers:
(a)
(b)
(c)
Work for part (a):
24
Answer:
Work:
25
Answer:
Work:
26
Answers:
(a)
(b)
Work for part (a) and for part (b):
27
Answer:
Work:
28
Answer:
Work:
29
Answers:
(a)
(b)
Work for (b):
30
Answer:
Work:
The Final Assessment
1. Identify three areas where IT could be applied to improve management of Unchained Melody Ulmus Company (UMUC).
0. _________________________
0. _________________________
0. _________________________
1. Explain how each solution would benefit the furniture outlets, specifically addressing how it could improve business intelligence (BI) and decision-making and/or overall management of the business.
0. ____________________________________________________________________________________________________________________________________________________________________________________
0. _________________________________________________________________________________________________________________________________________________ ...
Output Devices In-Class Worksheet (Med)
The document is an exercise worksheet that tests knowledge of computer hardware components. It contains fill-in-the-blank questions about output devices, pixels, types of printers, and types of monitors. Students are asked to identify output devices, state what pixels are associated with, name and compare different printers, and complete a diagram about monitor types. The questions cover topics like identifying hardware, differences between devices, and relationships between technical terms.
Mkt 571 final exam 5
The document contains 33 multiple choice questions about marketing and retail concepts. The questions cover topics like advertising types, marketing research steps, vertical marketing systems, retail store types, and elements of a store's atmosphere. Sample questions ask about the definition of reach in advertising, examples of different store formats like department stores and superstores, and components of a retailer's services mix.
Mkt 571 final exam 5
The document contains multiple choice questions about marketing, advertising, and retailing concepts. It tests knowledge in areas like the marketing mix, marketing research process, types of retailers, pricing strategies, distribution channels, product offerings, and promotional tools. The questions cover topics such as reach and frequency in advertising, types of advertising appeals, components of a marketing information system, steps in the marketing research process, levels of retail service, and decisions involved in product assortment, pricing, and logistics.
To find economic profit from accounting profit, it is necessary to.docx
To find economic profit from accounting profit, it is necessary to
Select one:
A. subtract dividends.
B. add depreciation expense.
C. subtract the opportunity cost of capital.
D. add retained earnings.
Question 2
The present value of expected future profits will _____ if the discount rate increases and will_____ if expected future profits increase.
Select one:
A. increase; not change
B. increase; increase
C. not change; decrease
D. decrease; increase
E. decrease; decrease
Question 3
Managerial economics draws upon all of the following EXCEPT:
Select one:
A. finance
B. microeconomics
C. accounting
D. marketing
E. sociology
Question 4
Managers may make decisions that are not consistent with the goals of stockholders. This is referred to as the _____ problem.
Select one:
A. principal-agent
B. economic disincentive
C. incentive-compromise
D. efficiency-inefficiency
E. equilibrium
Question 5
Marginal revenue can be defined as the:
Select one:
A. percent increase in total revenue resulting from a one percent increase in output
B. increase in total revenue resulting from a one unit increase in output
C. total revenue divided by output
D. average revenue multiplied by output
E. average revenue multiplied by output divided by 4
Question 6
The cross-price elasticity of demand is defined as the:
Select one:
A. percentage change in the quantity demanded of a good divided by the percentage change in the good's price
B. percentage change in the quantity demanded of a good divided by the percentage change in a different good's price
C. percentage change in a good's price divided by the percentage change in a different good's price
D. change in the quantity demanded of a good divided by the change in its price
E. change in the quantity demanded of a good divided by the change in income
Question 7
Consumer surplus is defined as:
Select one:
A. the quantities of a good or service that bring equal utility to the consumer
B. the quantity of a good or service that is utility maximizing for the consumer
C. the difference between what a consumer is willing to pay and what he or she actually pays for a good or service
D. the difference between the market price and the marginal cost of producing a good or service
E. none of the above
Question 8
The demand for a product is more inelastic the:
Select one:
A. longer the time period covered
B. lower the average income of consumers
C. better the available substitutes
D. poorer the available substitutes
Question 9
If one day it was discovered that lime juice caused cancer, which of the following would likely result?
Select one:
A. The supply curve of lime juice would shift to the right.
B. The demand curve for lime juice would shift to the right.
C. The demand curve for lime juice would shift to the left.
D. The supply curve of lime juice would shift to the left.
Question 10
The demand curve's usual slope implies that consumers:
Select one:
A. buy more as the price of a good is increased
B. buy mo ...
Cognistat
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Part 1 - Sample costing flow for a product (10 marks)More re.docx
Part 1 - Sample costing flow for a product (10 marks)
More readings:
Accounting academic help
Box D
Finished Goods:
Opening Balance
+ Transfers in
- Transfers out
Ending Balance
Box B
Sales
- Cost of Goods Sold
Gross Margin
- Corporate Overhead
Earnings before Taxes (operating profit)
- Taxes
Net Income
Box A
Materials:
Opening Balance
+ New work
- Transfers out
Ending Balance
Box C
Work In Process:
Opening Balance
+ Transfers in
+ Labour
+ Mfg Overhead
- Transfers out
Ending Balance
Questions:
1. What type of costing system is illustrated above on this page?
__________________________________________________________________________________
2. What is the correct ordering of the flow of boxes above (example: B to D to C to A)
Also read:
Calculation and classification of cost
___________________________________________________________________________________
3. True and False questions – Mark with X.
Question
True
False
A. Inventory in “finished goods” is the end of the production process.
B. Units transferred out from a department will have material, labour and factory overhead in its cost and is considered material in the next department.
C. Equivalent units of production are the portion of whole units that are complete with respect to either materials or conversion (direct labour and factory overhead) costs.
D. Process costing is used for custom production.
E. Process costing and job costing assign the same costs.
F. FIFO costing includes beginning inventory costs in the equivalent per unit cost.
G. If material for 1000 products was added to Work in Process but conversion costs are 75% complete at month end, the equivalent units for allocating conversion costs incurred in the month are A = 1,000 or B = 750 units. Which is correct?
A
B
H. The Finished Goods in Box D received $25,000 of costs (Transferred in). Opening inventory was $10,000 and ending inventory was $5,000. Transferred out must be A = $25,000 or B = $30,000. Which is correct?
A
B
Part 2 - Sample costing flows and pricing for three customers (10 marks)
Box A
Customer 1
+ Material
+ Labour
+ Mfg. Overhead
+ Corp Overhead
+ Mark up
= Floating Price
Box D
Customer 4
+ Material
+ Labour
+ Mfg. Overhead
+ Corp Overhead
+ Mark up
= Fixed Price
Box C Actual
Customer 2
+ Material to-date
+ Labour to date
+ Mfg. Overhead
+ Corp Overhead
Costs to date
Box C Forecast
Customer 2
+ Material
+ Labour
+ Mfg. Overhead
+ Corp Overhead
+ Mark up
= Fixed Price
Questions:
1. What type of costing system is illustrated above on this page?
__________________________________________________________________________________
2. What is a potential issue with Customer 2 if the overhead allocation is based on a budget and actual results mean the allocat.
QEP Post Math Part 2 — Answers Questions 1-15 on a separate 10.docx
QEP Post Math Part 2 — Answers Questions 1-15 on a separate 101864 Par L par score
QEP Post Math Part 2 — Answers Questions 1-15 on a separate 101864 Par L par
Name:___________________________________ Banner:__________________________________
1) Suppose you decide to attend summer school and that this is considered a rational choice. When making this
choice,
A) you have made a positive statement.
B) you have used the ceteris paribus assumption.
C) you must have considered the social interest.
D) you must ignore the problem of scarcity.
E) you considered the marginal cost and marginal benefit of your choice.
2) The expenditure approach to measuring GDP is done by using data on only
A) consumption expenditure and investment.
B) wages, rent, interest, and profit.
C) consumption expenditure, investment, government expenditure on goods and services, and net exports
of goods and services.
D) consumption expenditure.
E) consumption expenditure, investment, and government expenditures.
3) The largest expenditure category in the United States is
A) net exports of goods and services.
B) investment.
C) wages.
D) consumption expenditure.
E) government expenditure on goods and services.
4) Economic growth is a sustained expansion of production possibilities, as measured by the increase in
________ over time.
A) population
B) the price level
C) inflation
D) employment
E) real GDP
5) The "value of money"
A) is the quantity of goods and services that a unit of money can buy.
B) increases during inflationary periods.
C) is directly related to the price level.
D) increases during economic expansions.
E) is determined by Fed regulations.
6) If the quantity of money supplied ________ the quantity demanded, in the long run the value of money
________.
A) exceeds; falls as people spend their surplus money
B) is less than; does not change unless the Fed increases the money supply
C) equals; equals zero
D) is less than; falls as people spend their surplus money
E) exceeds; rises as people buy bonds
7) Inflation is a tax because as the government ________ the quantity of money, the price level ________, and
the purchasing power of households' money ________.
A) decreases; rises; decreases
B) decreases; falls; decreases
C) increases; rises; decreases
D) does not change; rises; increases
E) increases; rises; increases
Figure 3-1
8) Refer to Figure 3-1. If the product represented is an inferior good, an increase in income would be
represented by a movement from
A) B to A. B) A to B. C) D2 to D1. D) D1 to D2.
9) Refer to Figure 3-1. A decrease in the price of the product would be represented by a movement from
A) D2 to D1. B) B to A. C) A to B. D) D1 to D2.
10) Suppose that when the price of raspberries increases, Lonnie increases his ...
Name Don’t ForgetDate UNIT 3 TEST(The direct.docx
Name: Don’t Forget
Date:
UNIT 3 TEST
(The directions and procedures for this test are the same as for the previous Unit test.)
Save this test on your computer, and complete the questions by marking correct answers with the “text color” function in WORD ( ) located on the “home” toolbar.Please attach your completed test to the assignment submission page.
Section I
Please identify problems of vagueness, overgenerality and ambiguity (double meaning) in the following passages. Then explain briefly how/why the passage exemplifies that problem. (Some examples may contain more than one problem.)
1. Who was Hitler? He was an Austrian.
__vague
__overgeneral
__ambiguous
Explanation:
2. The judge sanctioned the firm's criminal conduct.
__vague
__overgeneral
__ambiguous
Explanation:
3. "Turn right here!"
__vague
__overgeneral
__ambiguous
Explanation:
4. (From a Student Code of Conduct- Sexual impropriety in the dorms after 6:00 pm is forbidden.
__vague
__overgeneral
__ambiguous
Explanation:
5. Did Donald win the election? Well, he did get quite a few votes!
__vague
__overgeneral
__ambiguous
Explanation:
6. How are Henry’s finances? Oh, he’s really quite well off!
__vague
__overgeneral
__ambiguous
7. Bertha Belch, as missionary from Africa, will be speaking tonight at the Calvary Chapel. Come and hear Bertha Belch all the way from Africa.
__vague
__overgeneral
__ambiguous
Explanation:
8. Lower Slobovia can’t be a very well-run country. I mean, it’s not particularly democratic!
[Careful: Think about the various aspects of these claims before answering.]
__vague
__overgeneral
__ambiguous
Section II. Definitions
Please indicate whether the following are stipulative, persuasive, lexical or precising definitions.
9. Postmodern means a chaotic and confusing mishmash of images and references that leaves readers and viewers longing for the days of a good, well-told story.
__ stipulative
__ persuasive
__ lexical
__ précising
10. A triangle is a plane figure enclosed by 3 straight lines.
__ stipulative
__ persuasive
__ lexical
__ precising
11. An arid region, for purposes of this study, is any region that receives an average of less than 15 inches of rain per year
__ stipulative
__ persuasive
__ lexical
__ precising
14. A Blanker is someone who sends holiday cards without signatures or personalized messages
__ stipulative
__ persuasive
__ lexical
__ precising
15. Tragedy, in literary terms, means a serious drama that usually ends in disaster nd that focuses on a single character who experiences unexpected reversals in fat, often falling from a position of authority and power because of an unrecognized flaw or misguided action
__ stipulative
__ persuasive
__ lexical
__ précising
Section III. Strategies for Defining
Please indicate whether the following lexical definitions are ostensive definitions, enumerative definitions, definitions by s ...
OPTION 3 Confidence Interval on the Mean – one sample (T-Interva.docx
OPTION 3: Confidence Interval on the Mean – one sample (T-Interval)
A) Introduction – introduce the topic and yourself: 5% of score
Explicitly identify the following:
1) Parameter of interest: __________________________
2) Population of interest (be as specific as necessary): ___________________________
3) Variable of interest: _____________________________
4) Then write a paragraph or two of introduction to your paper. In the paragraph, include at least the following information: Your research objective, your interest in the topic.
Describe in detail where you found your sample and specifically how you chose which individuals to survey.
B) Data Sets – Present your organized data and sample statistics: 15%
1) DATA SET A: a) Show the frequency distribution of your full data set. Call it Data Set A.
It must have at least 80 individuals: n > 80. You can use either a table or a histogram to show the distribution:
Identify b) sample size: __________ c) mean :___________ d ) standard deviation: ____________
e) Estimated Standard Error of the means (SE): ______________________. Round each to four decimal places if needed.
2) DATA SET B: Select some of the data points from Data Set A to create smaller data set. Call this Data Set B. It should have about half of the values from Data Set A.
a) Show the frequency distribution of Data Set B. You can use either a table or a histogram to show the distribution. USE THE SAME GROUPING (CLASSES) FOR EACH DATA SET:
Identify b) sample size: __________ c) mean :___________ d ) standard deviation: ____________
e) Estimated Standard Error of the means (SE): ______________________. Round each to four decimal places if needed.
f) Describe specifically how you chose the individuals from Data Set A to create Data Set B.
3) DATA SET C: Select between 10 and 20 data values from Data Set A to create a still smaller data set. Call this Data Set C.
a) Show the frequency distribution of Data Set C. You can use either a table or a histogram to show the distribution. USE THE SAME GROUPING (CLASSES) FOR EACH DATA SET
Identify b) sample size: __________ c) mean :___________ d ) standard deviation: ____________
e) Estimated Standard Error of the means (SE): ______________________. Round each to four decimal places if needed.
f) Describe specifically how you chose the individuals from Data Set A to create Data Set C.
C) The Intervals – Construct the Confidence Intervals for three different sample sizes and three different levels of confidence: 45%
1) Degrees of freedom (df) – determine the degrees of freedom for each Data Set.
Data Set A: df = __________ Data Set B: df = __________ Data Set C: df = __________
2) Choose three confidence levels, between 80% and 99%.
C-level 1: __________ C-level 2: __________ C-level 3: __________
3) Determine for each level of confidence you chose.
.
Week 3 Activity 1 Midterm ExamTop of FormQuestion 1 In gene.docx
Week 3 Activity 1: Midterm Exam
Top of Form
Question 1
In general, what is a price index? What questions does it help answer?
Answer:
Question 2
For the perfectly competitive firm, price equals marginal revenue because _________.
Choose one answer.
a. when another unit of the good is sold, total revenue increases by the price of the good
b. when another unit of the good is sold, total revenue decreases by the price of the good
c. when another unit of the good is sold, total revenue increases by less than the price of the good
d. when another unit of the good is sold, total revenue increases by more than the price
Question 3
The law of supply states that _________.
Choose one answer.
a. firms supply more of a product as consumer income rises
b. firms supply more of a product as consumer income falls
c. firms supply more of a product as the price of the product rises
d. firms supply more of a product as the price of the product falls
Question 4
The price elasticity of demand is calculated by _________.
Choose one answer.
a. the change in price divided by the change in quantity demanded
b. the change in quantity demanded divided by the change in price
c. the percentage change in price divided by the percentage change in quantity demanded
d. the percentage change in quantity demanded divided by the percentage change in price
Question 5
Scarcity can best be defined as a situation in which _________.
Choose one answer.
a. there are no buyers willing to purchase what sellers have produced
b. there are not enough goods to satisfy all of the buyers’ demand
c. resources are limited in quantity and can be used in different ways
d. there is not enough money to satisfy consumers’ wants
Question 6
Match the description to the right curve.
is cost that varies with the level of output
is cost that does not vary with output
is the sum of total variable cost and total fixed cost
shows the additional cost of each additional unit of output a firm produces
is total cost divided by quantity.
is the firm’s variable cost per unit of output; it is total variable cost divided by quantity
which is total fixed cost divided by quantity
Question 7
State the essential difference between the classical and Keynesian schools of thought. If you were a public policymaker and received conflicting advice from a classical and a Keynesian economist, how would you choose? Explain.
Answer:
Question 8
In the short-run, ______ factors of production are fixed, while in the long-run, _____ of them are.
Choose one answer.
a. some, none
b. all, none
c. no, at least some
d. all, at least some
Question 9
When economists say a market has "barriers to entry" they refer to _________.
Choose one answer.
a. monopolists being prohibited from selling their products to certain customers
b. a policy that some countries establish to reduc.
Instructions This is an open-book exam. You may refer to you.docx
Instructions:
This is an open-book exam. You may refer to your text and other course materials as you work on the exam, and you may use a calculator.
Record your answers and work in this document.
There are 25 problems.
Problems #1-12 are multiple choice. Record your choice for each problem.
Problems #13-15 are short answer. Record your answer for each problem.
Problems #16-25 are short answer with work required when directed. When requested, show all work and write all answers in the spaces allotted on the following pages. You may type your work using plain-text formatting or an equation editor, or you may hand-write your work and scan it. In either case, show work neatly and correctly, following standard mathematical conventions. Each step should follow clearly and completely from the previous step. If necessary, you may attach extra pages.
MULTIPLE CHOICE. Record your answer choices.
1.7.
2.8.
3.9.
4.10.
5.11.
6.12.
SHORT ANSWER. Record your answers below.
13. (a)
(b)
(c)
(d)
14. (a)
(b)
(c)
15. (a)
(b)
(c)
SHORT ANSWER with Work Shown. Record your answers and work.
Problem Number
Solution
16
Answers:
(a)
(b)
(c)
Work for (a), (b), and (c):
17
Answer:
Work:
18
Answer:
Work:
19
Answers:
(a)
(b)
(c)
Work for (a) and (b):
20
Answer:
Work:
21
Answer:
Work:
22
Answer:
Work:
23
Answers:
(a)
(b)
(c)
(d)
Work for (b), (c), and (d):
24
Answer:
Work:
25
Answers:
(a)
(b) Region I:
Region II:
Region III:
Region IV:
Work:
MATH 106 Finite Mathematics 2148-OL4-7983-3D
Page 1 of 10
MATH 106 FINAL EXAMINATION
This is an open-book exam. You may refer to your text and other course materials as you work
on the exam, and you may use a calculator. You must complete the exam individually.
Neither collaboration nor consultation with others is allowed. Use of instructors’ solutions
manuals or online problem solving services in NOT allowed.
Record your answers and work on the separate answer sheet provided.
There are 25 problems.
Problems #1–12 are Multiple Choice.
Problems #13–15 are Short Answer. (Work not required to be shown)
Problems #16–25 are Short Answer with work required to be shown.
MULTIPLE CHOICE
1. – 2. Amalgamated Furniture Company makes dining room tables and chairs. A table requires
8 labor-hours for assembling and 2 labor-hours for finishing. A chair requires 2 labor-hours for
assembly and 1 labor-hour for finishing. The maximum labor-hours available per day for
assembling and finishing are 400 and 120, respectively. Production costs are $600 per table and
$150 per chair. Let x represent number of tables and y represent number of chairs made per day.
1. Identify the daily production constraint for finishing:
.
Unit 4 MCQ’s and written QMultiple Choice Questions (Enter you.docx
Unit 4 MCQ’s and written Q
Multiple Choice Questions (Enter your answers on the enclosed answer sheet)
1. Which type of retailer tends to be the most frequently shopped?
a. Convenience stores b. Department stores c. Supermarkets d. Off-price retailers e. Superstores
2. As a result of the great success of corporate chains, many independent stores choose to band together in either a voluntary chain or a(n) ________.
a. factory outlet b. warehouse club c. independent off-price retailer d. retailer cooperative e. convenience cooperative
3. While all retailers would like to achieve ________ while charging ________, the two seldom happen together.
a. low volume; low markups b. high volume; cut-rate markups c. high volume; low markups d. high volume; high markups e. low volume; high markups
4. In-store demonstrations, displays, contests and visiting celebrities are examples of ________.
a. agent promotions b. sales promotions c. product life-cycling d. franchises e. broker promotions
5. In response to a(n) ________, many retailers have cut costs, used price promotions and added new value pitches to their positioning.
a. down economy b. up economy c. shift in retail technology d. dot-com boom e. dot-com meltdown
6. The merging of consumers, products, prices and retailers is called ________.
a. consumer convergence b. retail clustering c. price merging d. retail convergence e. retail conglomeration
7. ________ buy mostly from producers and sell to retailers and industrial consumers.
a. Discount stores b. Wholesalers c. Independents d. Factory outlets e. Megaretailers
8. ________ are the largest group of wholesalers. The group can be divided into the two broad types of full-service and limited-service.
a. Brokers b. Specialty wholesalers c. Agents d. Manufacturer sellers e. Merchant wholesalers
9. ________, or manufacturers’ representatives, represent a buyer or seller on a more permanent basis.
a. Franchises b. Retailers c. Agents d. Brokers e. Intermediaries
10. 7-Eleven, Stop-N-Go, and Circle K, small stores that traditionally have had a primary market of young, blue-collar men, are examples of ________.
a. specialty stores b. department stores c. supermarkets d. category killers e. convenience stores
11. Which of the following types of retailers is most likely to practice everyday low pricing (EDLP)?
a. Convenience stores b. Department stores c. Discount stores d. Full-service retailers e. Category killers
12. The promotion mix is the company’s primary communication activity; the marketing mix must be coordinated for the greatest communication impact. What is NOT included in the entire marketing mix?
a. Price b. Promotion c. Competitor d. Place e. Product
13. Marketing communicators must do all of the following EXCEPT ________.
a. choose the media through which to send a message b. determine the communication objectives c. collect feedback d. identify the target audience e. deliver products to t ...
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This document appears to be a sample midterm exam for a principles of macroeconomics course. It contains 20 multiple choice questions testing concepts like cost-benefit analysis, supply and demand, and macroeconomic indicators. It also includes short answer questions defining terms like substitutes/complements and asking students to apply concepts like diminishing returns. The exam instructions note it is closed book and calculators are allowed.
2nd Quiz 2nd Period 7th Grade 09
The document is a math quiz with 4 sections testing patterns and sequences skills. Section I has a scaling pattern rule and missing numbers to fill in. Section II asks to draw a number line and fill in missing numbers. Section III asks to write given numbers on a number line. Section IV provides two word problems as proportions to solve.
BetterPie Industries has 3 million shares of common stock outstand.docx
BetterPie Industries has 3 million shares of common stock outstanding, 2 million shares of preferred stock outstanding, and 10,000 bonds. Assume the common shares are selling for $48 per share, the preferred shares are selling for $25.50 per share, and the bonds are selling for 99 percent of par.
What would be the weights used in the calculation of BetterPie’s WACC? (Do not round intermediate calculations and round your answers to 2 decimal places.)
Equity weight
%
Preferred stock weight
%
Debt weight
%
Algebra 2 Midterm Exam
1
Score: ______ / ______
Name: _________________________
Student Number: ________________
Multiple Choice: Type your answer choice in the blank.
_____1.
Simplify.
√
√
A. √
B. √
C. √
D. √
_____2. Find a quadratic function to model the values in the table. Predict the value
of y for x = 6.
X y
1 2
0 -2
3 10
A. y = -2x2 + 2x -2; –58
B. y = 2x2 – 2x -2; 60
C. y = 2x2 – 2x -2; 58
D. y = -2x2 + 2x +2; –58
Algebra 2 Midterm Exam
2
______3. A manufacturer of shipping boxes has a box shaped like a cube. The side length
is 5a + 4b. What is the volume of the box in terms of a and b?
A.
B.
C.
D.
_____4. In how many ways can 3 singers be selected from 5 who came to an audition?
A. 1
B. 10
C. 5
D. 60
_____5. Solve the problem by writing an inequality. A club decides to sell T-shirts for
$12 as a fund-raiser. It costs $20 plus $8 per T-shirt to make the T-shirts.
Write and solve an equation to find how many T-shirts the club needs to make
and sell in order to profit at least $100.
A. ( )
B.
C. ( )
D. ( )
Short Answer: Type your answer in the space below each question. Show your
work when applicable.
6. The velocity of sound in air is given by the equation √ , where v is
the velocity in meters per second and t is the temperature in degrees Celsius.
Find the temperature when the velocity is 329 meters per second by graphing
the equation. Round the answer to the nearest degree.
Algebra 2 Midterm Exam
3
7. The volume in cubic feet of a box can be expressed as ( ) , or
as the product of three linear factors with integer coefficients. The width of the
box is 2 – x.
Factor the polynomial to find linear expressions for the height and the width.
8. This table shows data on heating oil use for two years in three adjacent
buildings on Spring Street.
Heating Oil Use
Number of Gallons Used
Address 2002 2003
152 Spring St. 1215 1093
154 Spring St. 982 975
156 Spring St. 1562 1437
a. Write a matrix H to represent the data.
b. Find element . What does this element represent?
Algebra 2 Midterm Exam
4
9.
So ...
Querying Database Review Question
This document contains a review quiz on querying a database in Microsoft Access. It includes 25 multiple choice and true/false questions covering topics like creating and designing queries, specifying criteria, sorting, joins, and calculated fields. The questions are aimed at testing understanding of fundamental query concepts and techniques in Access.
Cr #7
The document contains a math worksheet with 10 problems:
1) Finding the percentage of cars with fuel efficiency over 20 mpg using proportions
2) Calculating discount prices on a sweater using proportions
3) Finding the original price of shirts bought with a 30% discount
4) Calculating the volume of a rectangular prism in fractional form
5) Finding the area of a polygon
6) Calculating areas of triangles and a rectangle using given dimensions
7) Determining the maximum number of 15-inch pieces that can be cut from two 7-foot boards
8) Plotting and drawing two triangles on a coordinate grid
9) Evaluating an algebraic expression for a given value of x
10
Math 107 Final ExaminationSpring, 20131Math 107 College Algebr.docx
Math 107 Final ExaminationSpring, 20131
Math 107 College AlgebraName______________________________
Final Examination: Spring, 2013Instructor __________________________
Answer Sheet
Instructions:
This is an open-book exam. You may refer to your text and other course materials as you work on the exam, and you may use a calculator.
Record your answers and work in this document.
There are 30 problems.
Problems #1-12 are multiple choice. Record your choice for each problem.
Problems #13-21 are short answer. Record your answer for each problem.
Problems #22-30 are short answer with work required. When requested, show all work and write all answers in the spaces allotted on the following pages. You may type your work using plain-text formatting or an equation editor, or you may hand-write your work and scan it. In either case, show work neatly and correctly, following standard mathematical conventions. Each step should follow clearly and completely from the previous step. If necessary, you may attach extra pages.
You must complete the exam individually. Neither collaboration nor consultation with others is allowed. Your exam will receive a zero grade unless you complete the following honor statement.
(
Please sign (or type) your name below the following honor statement:
I have completed this
final examination
myself,
working independently and not consulting anyone except the instructor.
I have neither given nor received help on this final examination.
Name ____________
______
___
Date___________________
)
MULTIPLE CHOICE. Record your answer choices.
1.7.
2.8.
3.9.
4.10.
5.11.
6.12.
SHORT ANSWER. Record your answers below.
13.
14.
15.
16.
17.
18.
19. (a)
(b)
(c)
20. (a)
(b)
(c)
(d)
21. (a)
(b)
(c)
(d)
SHORT ANSWER with Work Shown. Record your answers and work.
Problem Number
Solution
22
Answer:
Work:
23
Answers:
(a)
(b)
(c)
Work for part (a):
24
Answer:
Work:
25
Answer:
Work:
26
Answers:
(a)
(b)
Work for part (a) and for part (b):
27
Answer:
Work:
28
Answer:
Work:
29
Answers:
(a)
(b)
Work for (b):
30
Answer:
Work:
The Final Assessment
1. Identify three areas where IT could be applied to improve management of Unchained Melody Ulmus Company (UMUC).
0. _________________________
0. _________________________
0. _________________________
1. Explain how each solution would benefit the furniture outlets, specifically addressing how it could improve business intelligence (BI) and decision-making and/or overall management of the business.
0. ____________________________________________________________________________________________________________________________________________________________________________________
0. _________________________________________________________________________________________________________________________________________________ ...
Output Devices In-Class Worksheet (Med)
The document is an exercise worksheet that tests knowledge of computer hardware components. It contains fill-in-the-blank questions about output devices, pixels, types of printers, and types of monitors. Students are asked to identify output devices, state what pixels are associated with, name and compare different printers, and complete a diagram about monitor types. The questions cover topics like identifying hardware, differences between devices, and relationships between technical terms.
Mkt 571 final exam 5
The document contains 33 multiple choice questions about marketing and retail concepts. The questions cover topics like advertising types, marketing research steps, vertical marketing systems, retail store types, and elements of a store's atmosphere. Sample questions ask about the definition of reach in advertising, examples of different store formats like department stores and superstores, and components of a retailer's services mix.
Mkt 571 final exam 5
The document contains multiple choice questions about marketing, advertising, and retailing concepts. It tests knowledge in areas like the marketing mix, marketing research process, types of retailers, pricing strategies, distribution channels, product offerings, and promotional tools. The questions cover topics such as reach and frequency in advertising, types of advertising appeals, components of a marketing information system, steps in the marketing research process, levels of retail service, and decisions involved in product assortment, pricing, and logistics.
To find economic profit from accounting profit, it is necessary to.docx
To find economic profit from accounting profit, it is necessary to
Select one:
A. subtract dividends.
B. add depreciation expense.
C. subtract the opportunity cost of capital.
D. add retained earnings.
Question 2
The present value of expected future profits will _____ if the discount rate increases and will_____ if expected future profits increase.
Select one:
A. increase; not change
B. increase; increase
C. not change; decrease
D. decrease; increase
E. decrease; decrease
Question 3
Managerial economics draws upon all of the following EXCEPT:
Select one:
A. finance
B. microeconomics
C. accounting
D. marketing
E. sociology
Question 4
Managers may make decisions that are not consistent with the goals of stockholders. This is referred to as the _____ problem.
Select one:
A. principal-agent
B. economic disincentive
C. incentive-compromise
D. efficiency-inefficiency
E. equilibrium
Question 5
Marginal revenue can be defined as the:
Select one:
A. percent increase in total revenue resulting from a one percent increase in output
B. increase in total revenue resulting from a one unit increase in output
C. total revenue divided by output
D. average revenue multiplied by output
E. average revenue multiplied by output divided by 4
Question 6
The cross-price elasticity of demand is defined as the:
Select one:
A. percentage change in the quantity demanded of a good divided by the percentage change in the good's price
B. percentage change in the quantity demanded of a good divided by the percentage change in a different good's price
C. percentage change in a good's price divided by the percentage change in a different good's price
D. change in the quantity demanded of a good divided by the change in its price
E. change in the quantity demanded of a good divided by the change in income
Question 7
Consumer surplus is defined as:
Select one:
A. the quantities of a good or service that bring equal utility to the consumer
B. the quantity of a good or service that is utility maximizing for the consumer
C. the difference between what a consumer is willing to pay and what he or she actually pays for a good or service
D. the difference between the market price and the marginal cost of producing a good or service
E. none of the above
Question 8
The demand for a product is more inelastic the:
Select one:
A. longer the time period covered
B. lower the average income of consumers
C. better the available substitutes
D. poorer the available substitutes
Question 9
If one day it was discovered that lime juice caused cancer, which of the following would likely result?
Select one:
A. The supply curve of lime juice would shift to the right.
B. The demand curve for lime juice would shift to the right.
C. The demand curve for lime juice would shift to the left.
D. The supply curve of lime juice would shift to the left.
Question 10
The demand curve's usual slope implies that consumers:
Select one:
A. buy more as the price of a good is increased
B. buy mo ...
Cognistat
This document contains a cognitive assessment form for an individual named First Name. It collects information on their demographic details, medical history, potential factors influencing performance, and results on tests of level of consciousness, orientation, attention, language, memory, reasoning, and calculations. The form is used to generate a cognitive status profile summarizing their performance in key areas such as orientation, memory, attention and language.
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To find economic profit from accounting profit, it is necessary to.docx
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Chapter 5 Quiz
- 1. Name: ____________________________ Class: _________________ Date: ____________ Economics Chapter 5 Quiz LTHS Mr. Cress A. Key Concepts Directions: Write the letter of the correct answer in each blank. _____ 1. The amount of a product that would be offered for sale at all possible prices that could prevail in the market is called A. demand B. supply C. scarcity D. market product _____ 2. From the quantities offered at various prices by all firms, you can derive A. the demand supply curve C. The market supply curve B. the individual supply curve D. the individual market curve _____ 3. For a decrease in supply to occur, less would be offered for sale at each and every price, and the supply curve would A. downward shit C. upward shift B. shift to the right D. shift to the left _____ 4. One kind of cost is _______ cost, the cost that a business incurs even if the plant is idle and output is zero. A. opportunity B. fixed C. variable D. marginal _____ 5. The three stages of production are Stage I: _____, Stage II: _____, and Stage III: ____. A. Increasing returns, diminishing returns, negative returns B. Increasing returns, negative returns, diminishing returns C. Diminishing returns, increasing returns, negative returns D. Negative returns, diminishing returns, increasing returns B. Applying Skills Directions: In the space to the right, draft a supply curve for the following data. Include both x and y axis and proper labeling (3 points) Price Quantity Supplied 100 16 75 12 50 8 25 4 10 2
- 2. Name: ____________________________ Class: _________________ Date: ____________ Economics Chapter 5 Quiz LTHS Mr. Cress C. Identifying Cause-and-Effect Directions: For each of the following scenarios, indicate if the supply curve would shift to the right or to the left (1 point each) __________ Cost of inputs increases __________ Cost of inputs decreases __________ Productivity increases __________ Productivity decreases __________ New technology __________ Granted a subsidy __________ Higher taxes/govt. intervention __________ Lower taxes/govt. intervention __________ Positive expectations __________ Negative expectations D. Applying Skills Directions: complete the schedule using the given information and filling in the blanks. In the empty space, graph the production curve and clearly mark where the 3 stages of production are located. (3 pts.) # of workers Total product Marginal Product 1 0 0 2 _______ 5 3 20 15 4 36 21 5 60 _______ 6 80 20 7 _______ 15 8 105 10 9 110 5 10 105 _______ 11 120 -15