Quizzes%201-4[1]
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Quizzes%201-4[1]

Course Number: BUSI 010, Fall 2009

College/University: University of North...

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Quiz 1 Question 1 1 out of 1 points Managers who train and supervise the performance of nonmanagerial employees and who are directly responsible for producing the company's products or services are categorized as: Answer Selected Answer: first-line managers Correct Answer: first-line managers Response Feedback: This is the fundamental description of firstline managers. Question 2 0 out of 1 points...

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1 Question Quiz 1 1 out of 1 points Managers who train and supervise the performance of nonmanagerial employees and who are directly responsible for producing the company's products or services are categorized as: Answer Selected Answer: first-line managers Correct Answer: first-line managers Response Feedback: This is the fundamental description of firstline managers. Question 2 0 out of 1 points Amazon.com From the start, Amazon.com has been in a hurry to be a success. According to company founder and chief executive officer (CEO) Jeff Bezos, Our initial strategy was very focused and very unidimensional. It was GBF: Get big fast. We put that on our shirts at the company picnic. With billions to spend from its initial stock offering (Amazons stock quickly rose to over $100 per share), Amazon spent $400 million to build eight high-tech warehouses across the country. Why spend that much for warehouses? In theory, each was capable of shipping 60 million items per year, and Amazon needed to control the entire buying transaction, beginning with online ordering, proceeding to quick warehouse handling and boxing, and ending with timely shipping and delivery. And, believing that their growth would parallel its own, Amazon then spent $350 million to buy large shares of two Internet retailers, Kozmo.com and Pets.com. Kozmo.com promised the ability to deliver thousands of items from gourmet foods to CDs and movies to customers homes in 11 major cities within one hour after an order was placed. Pets.com was supposed to grow because Americans spend over $30 billion a year on their pets, but the pet industry was still comprised largely of small family-owned stores and was not yet dominated by a big box retailer like Home Depot. Unfortunately, Amazon grew so fast that it soon lost control of the basics. Despite the billions it had raised, Amazon burned money so quickly that it had to issue bonds to raise another $2.2 billion to keep the company running. Still, it had only enough business and cash to run six of those new warehouses. Consequently, the company took a $400 million loss to close two of the warehouses and lay off 1,500 people. Furthermore, the six remaining warehouses were poorly run. Defective products which should have been returned to manufacturers sat on the shelves wasting space. Mystery orders, like a truckload of unordered kitchen knives, kept showing up. Instead of declining the deliveries, workers put whole truckloads of unordered items on the shelves. Amazons frustrated chief of operations said, We kept it allwe just kept it. We put it on the shelf and said, I dont know. In fact, Amazon had so much unsold inventory in its warehouses that CEO Bezos sent out an email with a point-blank message, Get the crap out. Finally, Amazons $350 million investment in Kozmo.com and Pets.com evaporated when both filed for bankruptcy. Amazons problem was not its sales, which were growing exponentially, but poor management. As a result, its stock, once valued at over $100 per share, dropped to a low of $6. As for profits, founder Bezos cautioned patience, saying, Look at USA Today; it took 11 years to become profitable. However, Amazon has lost over $3 billion since its inception. Although the company has finally earned its first profits, that profit amounted to only $5 million on $1.12 billion in sales in its fourth quarter (October to December), and Amazon still lost $45 million for the year. Furthermore, it still has long-term debt of $2.2 billion to pay off at the rate of $120 million per year. Results like these would have cost any other CEO his or her job. If Amazon is ultimately to survive and be profitable, what does it need to do to become a more efficiently run company? Refer to Amazon.com. As CEO of Amazon, Jeff Bezos: Answer Selected Answer: coordinates and links groups, departments, and divisions within a company Correct Answer: is responsible for developing employees' commitment to the company's performance Response Feedback: Developing employee commitment to the companys performance is a fundamental responsibility of top management. Question 3 1 out of 1 points In Great Britain, Nestl introduced a candy bar called Yorkie with the slogan "It's not for girls!" The resulting furor over this sexist campaign required its British managers to spend a great deal of time in the role of: Answer Selected Answer: disturbance handlers Correct Answer: disturbance handlers Response Feedback: The disturbance handler role is played when managers must respond to severe problems that demand immediate attention. Question 4 1 out of 1 points Eastman Kodak owns a company that manufactures dental radiation equipment. The company, which is run as an independent unit, has experienced excessive financial losses the last three years. The ____ for the company would be expected to develop the long-term plans needed to make the company profitable. Answer Selected Answer: top manager Correct Answer: top manager Response Feedback: Top managers are responsible for the overall direction of the organization. Question 5 1 out of 1 points Which of the following is an example of an interpersonal role? Answer Selected Answer: figurehead Correct Answer: figurehead Response Feedback: The other interpersonal roles are leader and liaison. Question 6 0 out of 1 points A manager striving to improve organizational ____ is accomplishing tasks that help fulfill organizational objectives. Answer Selected Answer: functionality Correct Answer: effectiveness Response Feedback: Effectiveness is accomplishing tasks that help fulfill organizational objectives. Question 7 1 out of 1 points Conceptual skills are most important for lower-level managers. Answer Selected Register to View AnswerCorrect Register to View Answer Response Feedback: Technical skills are most important for lower-level managers and team leaders. Question 8 1 out of 1 points An accountant with ____ has the ability to create a budget, compare the budget to the actual income statement, and determine unnecessary expenses. Answer Selected Answer: technical skill Correct Answer: technical skill Response Feedback: Technical skills involve the ability to apply the specialized procedures, techniques, and knowledge required to get the job done. Question 9 1 out of 1 points In the decisional role of ____, managers adapt themselves, their subordinates, and their units to incremental change. Answer Selected Answer: entrepreneur Correct Answer: entrepreneur Response Feedback: Managers are acting in their entrepreneurial role when they adapt themselves, their subordinates, and their units to incremental change. Question 10 1 out of 1 points Interstate Bakeries, the makers of Wonder bread, declared bankruptcy in 2003. The companys objectives in 2004 were to increase its revenues by at least 5 percent and reduce its net losses by at least 80 percent. Which management function was used to set these goals and will help the company meet them? Answer Selected Answer: planning Correct Answer: planning Quiz 2 Question 1 1 out of 1 points The purpose of the Maine Organic Farmers and Gardeners Association (MOFGA) is to promote the production of safe, high quality food in a manner that does not harm the environment and that preserves or improves soil fertility, soil structure, and farm sustainability. This is the organizations vision, and it ____. Answer Selected Answer: guides the decisions and behaviors of the people who are members of the organization Correct Answer: guides the decisions and behaviors of the people who are members of the organization Response Feedback: A company vision is defined as its purpose or reason for existing. The vision should serve as a longer-term guide and is therefore not changed quarterly. The other items are red herrings. Question 2 1 out of 1 points Resource scarcity is the degree to which an organization's external environment has an abundance or lack of critical organizational resources. Answer Selected Register to View AnswerCorrect Register to View Answer Question 3 1 out of 1 points Typically the most important factor in the relationship between companies and their suppliers is ____. Answer Selected Answer: how dependent they are on each other Correct Answer: how dependent they are on each other Response Feedback: A high degree of buyer or seller dependence can lead to opportunistic behavior by one party at the expense of the other. Question 4 1 out of 1 points The ____ consists of the economy and the technological, sociocultural, and political/legal trends that indirectly affect all organizations. Answer Selected Answer: general environment Correct Answer: general environment Response Feedback: This is the definition of general environment. Question 5 1 out of 1 points Because external environments can be dynamic, confusing, and complex, managers use a three-step process to make sense of the changes in their external environments. Those steps are (1) environmental scanning, (2) interpreting environmental factors, and (3) acting on threats and opportunities. Answer Selected Register to View AnswerCorrect Register to View Answer Question 6 1 out of 1 points In order to change an organizational culture, top management can persuade other managers and employees to perform a new behavior in place of an older one. This technique is called ____. Answer Selected Answer: behavioral substitution Correct Answer: behavioral substitution Response Feedback: Behavioral substitution is the process of having managers and employees perform new behaviors central to the new organizationa l culture in place of those behaviors that were central to the old organizationa l culture. Question 7 1 out of 1 points When using ____ to change organizational culture, the key to success is to choose behaviors that are central to and symbolic of the old culture you're changing and the new culture you want to create. Answer Selected Answer: behavioral substitution and behavioral addition Correct Answer: behavioral substitution and behavioral addition Response Feedback: Behavioral substitution is replacing old behaviors with new behaviors in support of the change effort. Behavioral addition is adding new behaviors that support the change. Question 8 1 out of 1 points Dofasco Dofasco, Inc. is a different kind of steel company. Tiny by industry standards, the Canadianbased company has just 8,500 employees and a market cap of $2.3 billion. Dofasco operates with a close eye on the triple bottom line. In addition to tracking financial metrics, Dofasco also monitors its impact on society and the environment. As a result, the company has outperformed many of its biggest competitors. Despite a recent slump in the automobile industry, which accounted for 50 percent of its business, Dofasco ran at 100 percent capacity and finished as one the of only integrated steelmakers in all of North America to make a profit one year. Dofasco is also one of the only companies in the steel industry without a union, and its employees like it that way. Employee turnover at the companys main operation is less than one percent annually. Part of its low turnover rate is due to the companys concern about protecting its external environment. As the CEO of the company said, One way to get happy employees is not to wreck their community in which they live. Refer to Dofasco. The fact Ford that purchased less steel from Dofasco during the auto industrys slump would be part of Dofascos ____ environment because Ford Motor Company is one of its customers. Answer Selected Answer: specific Correct Answer: specific Response Feedback: This change in customer behavior would represent a change in Dofascos specific environment, as it exerts industryspecific impact on Dofasco. Question 9 1 out of 1 points One of the difficulties encountered in recent mergers has been the inability of employees in the two existing organizational cultures to operate harmoniously. In other words, merging organizational cultures often lack the ____ that would increase the likelihood of a merger's success. Answer Selected Answer: adaptability Correct Answer: adaptability Response Feedback: Adaptability is the ability to notice and respond to changes in the environment. Merging changes the internal environment of the merged organizations. Question 10 0 out of 1 points Which of the following is a component of the specific environment that would directly influence a restaurant's day-to-day operation? Answer Selected Answer: all of these Correct Answer: its regular customers Response Feedback Quiz 3 Question 1 1 out of 1 points Which of the following statements about the Strategic Reference Point Theory is true? Answer Selected Answer: None of these statements about the Strategic Reference Point Theory is true. Correct Answer: None of these statements about the Strategic Reference Point Theory is true. Response Feedback: A strategic reference point is defined as the strategic targets that managers use to measure whether a firm has developed the core competencie s it needs to achieve a sustainable competitive advantage. None of these statements are accurate regarding strategic reference points. Question 2 1 out of 1 points Sales of Arm & Hammer baking soda had flattened when its manufacturer started promoting innovative uses for its product. By searching for new market opportunities, the manufacturer of Arm & Hammer is using which type of adaptive strategy? Answer Selected Answer: prospecting Correct Answer: prospecting Response Feedback: Prospectors follow an adaptive strategy of seeking fast growth by searching for new market opportunities, encouraging risk taking, and being first to bring innovative new products to market. Question 3 1 out of 1 points The Rolling Stones The Rolling Stones are the most successful act in the music industry largely because they run the band as a businessthe Rolling Stones, Inc. Since 1989 (the beginning of the modern age of the Rolling Stone), the band has generated more than $1.5 billion in gross revenues. That total includes sales of records, song rights, merchandising, sponsorship money, and touring. Unlike some other groups, the Stones carry no antibusiness baggage. The Rolling Stones, Inc. operates on a combustible mix of talent and intense laborthe product of four decades of trial and error. The company licenses over 50 products from underwear to formalwear. The Voodoo Lounge tour in 1994 grossed $121.2 million, record earnings for a single tour. Over the past decade, the groups song writing has made about $56 million. The next time you see Mick Jagger, think of him as the highly successful CEO of a mid-sized corporation. The goal of the corporation is to continue providing products that differ from its competitors offerings so that fans will continue to pay a premium price for what it sells. Refer to The Rolling Stones. In recent years, what kind of a grand strategy does Rolling Stones, Inc. use? Answer Selected Answer: stability Correct Answer: stability Response Feedback: The Rolling Stones are continuing to do what they do...only better. This approach is most characteristic of the stability strategy. Question 4 1 out of 1 points When Clorox Corporation, the manufacturer of bleach and bleach-based cleaning products, acquired Kingsford Charcoal and Prime Choice brand steak sauce, it was an example of ____. Answer Selected Answer: external growth Correct Answer: external growth Response Feedback: Clorox is growing through acquisition of other companies. Question 5 1 out of 1 points Specialized Bicycle Components, Inc. introduced the first major production mountain bike in 1980. Since then, the company has maintained a technological leadership in the production of bike and bike accessories and an organizational culture that encourages innovation. This technological leadership as well as its organizational culture are the companys ____. Answer Selected Answer: core capabilities Correct Answer: core capabilities Response Feedback: Core capabilities are defined as the internal decisionmaking routines, problemsolving processes, and organizational cultures that determine how efficiently inputs can be turned into outputs. Question 6 1 out of 1 points Differentiation is the positioning strategy of producing a product or service of acceptable quality at consistently lower production costs than competitors can so that the firm can offer the product or service at the lowest price in the industry. Answer Selected Register to View AnswerCorrect Register to View Answer Response Feedback: This is the definition of cost leadership. Differentiatio n is the positioning strategy of providing a product or service that is sufficiently different from competitors' offerings such that customers are willing to pay a premium price for it. Question 7 0 out of 1 points Deutsche Bank became the worlds largest bank through mergers with Bankers Trust, a transatlantic banking operation. Since both banking companies had similar core capabilities, this would be classified as an example of ____. Answer Selected Answer: an integrated acquisition Correct Answer: related diversification Question 8 0 out of 1 points Companies can achieve growth by ____. Answer Selected Answer: doing all of these Correct Answer: growing internally through direct expansion or creating new businesses Response Feedback: The two major avenues to growth are: (1) external growth through mergers and acquisitions; or (2) internal growth of existing business(es). Question 9 1 out of 1 points There are four conditions that must be met if a firm's resources are to be used to achieve a sustainable competitive advantage. The resources must be valuable, rare, imperfectly imitable, and nonsubstitutable. Answer Selected Register to View AnswerCorrect Register to View Answer Question 10 1 out of 1 points A focus strategy entails using either a cost leadership or a differentiation approach to producing a good or service. Answer Selected Register to View AnswerCorrect Quiz 4 Question 1 1 out of 1 points Global business ____. Answer Selected Answer: is the buying and selling of goods and services to people from different countries Correct Answer: is the buying and selling of goods and services to people from different countries Response Feedback: This is the definition of global business. Question 2 1 out of 1 points In a multinational firm, managers at company headquarters typically prefer an emphasis on ____ because it simplifies decisions. Answer Selected Answer: global consistency Correct Answer: global consistency Question 3 1 out of 1 points It appears that all companies follow the phase model of globalization when entering foreign markets. Answer Selected Register to View AnswerCorrect Register to View Answer Response Feedback: Evidence suggests that some companies do not follow the phase model of globalization. Question 4 1 out of 1 points The signing of the ____ created a regional trading zone. Answer Selected Answer: Maastricht Treaty Correct Answer: Maastricht Treaty Response Feedback: The Maastricht Treaty established the European Union (EU) trading zone. Question 5 1 out of 1 points The ____ strategy of minimizing or adapting to the political risk inherent to global business makes use of joint ventures and collaborative contracts. Answer Selected Answer: cooperative Correct Answer: cooperative Response Feedback: This is the definition of the cooperation strategy. Question 6 1 out of 1 points The Japanese government has proclaimed that its snow is different from that found in any other region of the world. As a result, all snow skis marketed in Japan must be manufactured in Japan. This is an example of a(n) ____. Answer Selected Answer: nontariff barrier Correct Answer: nontariff barrier Response Feedback: Nontariff barriers are defined as nontax methods of increasing the cost or reducing the volume of imported goods. Question 7 1 out of 1 points The people who live on the island of Malta are described as happy-go-lucky people who are comfortable with an unstructured life and deal well with sudden changes. In terms of Hofstedes cultural differences, the people of Malta have a ____. Answer Selected Answer: low degree of uncertainty avoidance Correct Answer: low degree of uncertainty avoidance Response Feedback: Uncertainty avoidance is defined as the degree to which people in a country are uncomfortabl e with unstructured, ambiguous, unpredictabl e situations. Here the Maltese are described in a manner consistent with a low degree of this cultural dimension. Question 8 1 out of 1 points Ernst & Young, an international accounting and management consulting company, entered Hungary first by establishing a joint venture with a local firm. Ernst & Young later acquired the company with which it had the alliance. Ernst & Young then had a(n) ____ in Hungary. Answer Selected Answer: wholly owned affiliate Correct Answer: wholly owned affiliate Response Feedback: A wholly owned affiliate is defined as foreign offices, facilities, and manufacturing plants that are owned by the parent company. Question 9 1 out of 1 points ____ are long-term, low-interest loans, cash grants, and tax deductions used to develop and protect companies or special industries. Answer Selected Answer: Government subsidies Correct Answer: Government subsidies Response Feedback: This is the definition of a government subsidy. Question 10 1 out of 1 points Historically, most companies have used the ____ to successfully enter foreign markets. Answer Selected Answer: phase model of globalization Correct Answer: phase model of globalization Response Feedback

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University of North Carolina School of the Arts - BUSI - 010
The primary responsibility of middle managers is to manage the peTeam leaders are responsible for team performance.Human skills can be summarized as the ability to work well with othResearch indicates that managers do not influence customer satisGood
University of North Carolina School of the Arts - BUSI - 010
Hurricane Katrina was a part of the external environment for cruiseAccording to the punctuated equilibrium theory, companies can creThe growing popularity of poker games as a televised event is partThe two basic methods for monitoring customers are rea
University of North Carolina School of the Arts - BUSI - 010
RequiredfieldWhen SAB, a South African brewing company, purchased the U.SWhen the European Union eliminated tariffs on internal trade in 19One reason Americans get more for their money is that the U.S. mThe primary advantage of wholly owned affiliates
University of North Carolina School of the Arts - BUSI - 010
Fung Tat LiChapter 10 QuizQuestion 10 out of 1 pointsTeams can be broadly classified as either _.AnswerSelected Answer:Correct Answer:ResponseFeedback:Question 21 out of 1 points_ is a compensation system in which companies share the financial
University of North Carolina School of the Arts - BUSI - 010
Quiz 5Question 11 out of 1 pointsA(n) _ is defined as a team composed of geographically and/or organizationallydispersed coworkers who use telecommunications and information technologies toaccomplish an organizational task.AnswerSelectedAnswer:vi
University of North Carolina School of the Arts - BUSI - 010
Question 11 out of 1 pointsAccording to the text, _ typically amount to more than 90 percent of employees'salaries.AnswerSelected Answer:Correct Answer:cQuestion 21 out of 1 pointsDiversity helps companies save money by reducing turnover, decrea
University of North Carolina School of the Arts - BUSI - 010
Question 11 out of 1 pointsA local hospital ran into a funding problem when it tried to build a new state-of-the-art pediatricunit. The hospital management asked a group of physicians, hospital volunteers, andadministrative staff to develop and implem
University of North Carolina School of the Arts - BUSI - 010
Quiz 5Question 10 out of 1 pointsMinority domination tends to be a particular problem in _.AnswerSelected Answer:groups ofless than fiveCorrect Answer:groups of tenor largerResponseFeedback:Minoritydominationoccurs when justa few members o
University of North Carolina School of the Arts - BUSI - 010
NameQuiz 6StatusCompletedScore8 out of 10 pointsTime Elapsed0 hours, 8 minutes, and 35 seconds out of 0 hours and 45 minutesallowed.InstructionsQuestion11outof1pointsJean-Marie has excellent keyboarding skills and enters data for a marketingr
University of North Carolina School of the Arts - BUSI - 010
Question 11 out of 1 pointsAtlanta Rent-A-Car refused to hire two females allegedly because they were wearingMuslim attire. What federal agency filed charges as a result of this episode?AnswerSelected Answer:Correct Answer:ResponseFeedback:Quest
University of North Carolina School of the Arts - ECON - 203/101
The Study ofEconomicsThe Study of Economics Economics - The study of theproduction, allocation, anddistribution of (limited) resourcesto most efficiently meet (unlimited)human wants and needs.Macroeconomics Microeconomics - The study ofeconomic
University of North Carolina School of the Arts - ECON - 203/101
Chapter 2:Modeling Individual Choice Purposes of Chapter Venture into microeconomics. Examining the economic decisionprocess of consumers, a keycomponent of the economic decisionprocess of firms, and severalcomplexities in modeling humanbehavior.
University of North Carolina School of the Arts - ECON - 203/101
Chapter 3 Free Markets at Work h Free markets how choices ofconsumers and firms become tradeand transactions. Modeling behavior in a free market:Demand and Supply. What a free market does effectively,and what it cant do. How free markets can get
University of North Carolina School of the Arts - ECON - 203/101
Chapter 4 Product Market Demand This chapter examines the majorcauses of the Demand for a specificgood its own price, the prices ofrelated goods, tastes, and consumerincome. Also we distinguish between thequalitative (direction of change) versust
University of North Carolina School of the Arts - ECON - 203/101
Chapter 5 Product Market Supply This chapter examines the majorcauses of how much firms will supplyof a specific good (under perfectcompetition), given the price of thegood, the price of inputs (e.g. energy,and other causes that we will cover. It
University of North Carolina School of the Arts - ECON - 203/101
Chapter 6 ProductionBehavior: Perfect Competition This chapter examines perfectcompetition as a market structure. It also develops the profit maximizingproducers choice of output underperfect competition, and the formationof profits. Finally, it e
University of North Carolina School of the Arts - ECON - 203/101
Chapter 7: Factor Marketsand Employment This chapter - looks at thebehavior in factor markets, theDemand and Supply for inputsused in production. We will focus on the labor market,although the analysis applies tomarkets for (physical) capital and
University of North Carolina School of the Arts - ECON - 203/101
Chapter 8: General Competitive Equilibrium Brief chapter, examines more in detail the concept of General Competitive Equilibrium (GCE), the standard of highest efficiency in a market system. What GCE implies, and what it doesnt imply in terms of an econo
University of North Carolina School of the Arts - ECON - 203/101
Chapter 9: Market Powerand Market Failure Purpose of chapter a detailedexamination of how Pareto Optimalitycan be distorted in a market economyby Market Power and Market Failure. Leads to Distortions between shares ofthe Social Endowment and Social
University of North Carolina School of the Arts - ECON - 203/101
Chapter 10: The Microeconomyand The Government This chapter examines whatgovernment can do to remedyproblems of market power and marketfailure in an economy. The chapter also examines practicalproblems for government in trying toremedy problems.
University of North Carolina School of the Arts - ECON - 203/101
Chapter 11 Introductionto Macroeconomics This chapter starts our coverage ofMacroeconomics, the study of howthe economy works as a whole. The chapter defines the keyvariables to measure the healthof an economy, and brieflydiscusses how the variabl
University of North Carolina School of the Arts - ECON - 203/101
Chapter 12 -The Basic Macro Model This chapter presents the firstexamination of our primary theoryand model to describe theeconomy and predict effects. The model itself is known as theAggregate Demand Aggregate Supply Model.The Aggregate DemandAggr
University of North Carolina School of the Arts - ECON - 203/101
Chapter 13 - DeterminingAggregate Demand (AD) This chapter - looks at thecomponents of AggregateExpenditure. Examines the major causes ofConsumption (C), Investment (I),Government Expenditure Net ofTaxes (G - T), and Net Exports(X - M).Unzipping
University of North Carolina School of the Arts - ECON - 203/101
Chapter 14 - Aggregate Supply and Economic Growth This chapter - looks at the effects of changes in Aggregate Supply, both short-run and long-run. Correspondingly, we examine the causes that shift the AS curve and the LAS curve, and their effects on the
University of North Carolina School of the Arts - ECON - 203/101
Chapter 15 -Economic Policy This chapter - looks at EconomicPolicy, overt intervention taken toimprove a economy currently operatingwith problems. Economic Policy - medicine given tocure a sick economy. Emphasizes Fluctuations Strategy,Get Y* clos
University of North Carolina School of the Arts - ECON - 203/101
Chapter 16 -Monetary Policy This chapter looks at MonetaryPolicy, the most frequent use ofpolicy to correct the economy. Monetary Policy - The FederalReserve changing bank loaningconditions to affect the supply offinancial capital, investment, and
University of North Carolina School of the Arts - ECON - 203/101
Chapter 17: Fiscal Policyand the Federal Budget Fiscal Policy - the Federal governmentchanging its government budgetposition (G - T) in order to stabilize theeconomy. Fiscal Policy, by its nature, alters theFederal Budget. This chapter alsoexamine
University of North Carolina School of the Arts - ECON - 203/101
Chapter 18: Trade Policy This chapter covers Trade Policy- measures to alter InternationalTrade: exports (X), imports (M),and net exports, or the Balance ofTrade (X-M). To some extent, trade policy isused to stabilize the economy(changes in net ex
University of North Carolina School of the Arts - ECON - 101
Xiangying WuAssignment #4, ECN 2031. A possible reason for the increase in the market demand for eggs is a research statesthat eggs provide a specific element that can improve our health and the element cantbe easily found in other stuff. Because th
University of North Carolina School of the Arts - ECON - 101
XiangyingWuSUID:601936205ECN203Assignment#51.ThedecreaseofthepriceofenergyresultedinanincreaseofShortRunAggregate SupplyasarightwardshiftoftheShortRunAggregateSupplyCurve.Asthegraph shownabove,theequilibriumrealGDPincreasesfromY*toY *,andtheequilibr
University of North Carolina School of the Arts - ECON - 101
Assignment #6 Ecn 203Xiangying Wu2:15-3:351. Standard, fluctuations-based economic policy plays an important role in AD-AS model, as it gets Y* closer to a given YF. There are two strategies foreconomic policy, one Expansionary Policy, the other Cont
University of North Carolina School of the Arts - ECON - 101
Name:Xiangying Wu Assignment #1, ECN203,M0071.a.The marginal utility of the third candy bar=(54 - 42)/1=12b.As one buys more and more candy, the marginal utility of each candy decreasesfrom the 25 (the first candy), 27(the second candy), 22(the third
University of North Carolina School of the Arts - ECON - 101
Xiangying WuAssignment #2, ECN 2031. In the context of a free market, patents violate the nice assumptions. Niceassumption consists of no market power and no market failure. However, in thiscase, once one company is granted patents of the life-saving
University of North Carolina School of the Arts - ECON - 101
Assignment #3 ECN203Xiangying Wu1.2. Firms will make MC=P*, and firms will produce Q0 goods corresponding toP*. Economic profits in this case is thearea. Because Economic profits= P*Q0 - AC Q0 >0, the economic profits are positive. Because there
University of North Carolina School of the Arts - MATH - 183
The Anatomy of a Long-term LoanConsider a 30-year, $200,150 mortgage at 6%. The value of the loan is indicated by the open circle on the topline of the gure below. The monthly payments: R=$1200.00. The periodic rate: i = .005. The xed point of this
University of North Carolina School of the Arts - MATH - 183
DEPARTMENT OF MATHEMATICS * SYRACUSE UNIVERSITY Fall 2009 - CLINIC SCHEDULE STUDENTS: BRING YOUR OWN TEXTBOOK AND CALCULATOR. LAST DAY CLINIC MEETS is MONDAY, December 14. Clinic does not meet on days when there are no classes. The clinic meets in the Rea
University of North Carolina School of the Arts - MATH - 183
1End of the Semester Announcements For Section 100 Test 3 will be Thursday, December 10. For Sections 200 & 300, Test 3 will be Wednesday, December 9. For all sections, the nal exam will be from10:15am to 12:15pm on Wednesday December 16. IT WILL NOT
University of North Carolina School of the Arts - MATH - 183
MAT 183 Math of Finance Lecture #1 Nov. 18/19, 20091Mathematics of nance Lecture #1 10.1 and 10.2 You invest $1,000 at 6% compounded monthly forone year. Interest rate is always reported as an annual rateor nominal rate, r. Periodic rate is the ann
University of North Carolina School of the Arts - MATH - 183
MAT 183 Math of Finance Lecture #2 Nov. 23/24, 20091Math of Finance Lecture #2 Annuities 10.2 Review of basics: Problems 17, 18, 24, 26 (pg477-9) An annuity is a sequence of regular payments calledthe rent and denoted by R; the payment periodsand t
University of North Carolina School of the Arts - MATH - 183
Finance Formulas on the TI84The TI84 has a general time-value-of-money (TVM) equation built inwhich will carry out, with just a few key strokes, the otherwise tediouscomputations involved in compound interest, loans and annuities.To get to the TVM Sol
University of North Carolina School of the Arts - MATH - 183
YOUR NAMEMAT 183 Practice Test #3, Fall 2008; Ver. P1Problem 1. For a certain group of states, it was observed that 80% of theDemocratic governors were succeeded by Democrats and 20% by Republicans.Also, 40% of the Republican governors were succeeded
University of North Carolina School of the Arts - MATH - 183
6Announcements: My lecture notes will be posted on blackboard. We will skip odds When submitting midterm grades Liz, Ashley andI have noticed that some of you are not taking thewebassign problems seriously.That is a big mistake!The web assignments
University of North Carolina School of the Arts - MATH - 183
11Announcements: The test on probability and statistics is in just 3weeks: Wednesday, November 4 and Thursday, November 5.12Probability Lecture 3 (6.5)Oct. 14-15Probability Formulas:(a) Inclusion-Exclusion. (page 278)Pr(EF) = Pr(E) + Pr(F) - Pr(E
University of North Carolina School of the Arts - MATH - 183
MAT 183 - Elements of Modern MathematicsSyllabus Fall 2009Section 100, TTh 2:00-3:20; Section 200, MW 2:15-3:35; Section 300, MW 3:45-5:05Course InstructorsemailofficeChapters 2 and 7: Elizabeth Hartung ejhartun@syr.edu 400 CarnegieChapters 5 and 8
University of North Carolina School of the Arts - MATH - 183
YOUR NAMEMAT 183 Practice Test #1, Fall 2007;Ver. ASignature:Instructions: Sign this test sheet above Check that you have 12 pages (6 sheets) and that they are allfrom the same version of the test. TURN YOUR CELL PHONE OFF AND PUT IT AWAY. There
University of North Carolina School of the Arts - MATH - 183
YOUR NAMEMAT 183 Practice Test #3, Fall 2008; Ver. P1Problem 1. For a certain group of states, it was observed that 80% of theDemocratic governors were succeeded by Democrats and 20% by Republicans.Also, 40% of the Republican governors were succeeded
University of North Carolina School of the Arts - MATH - 183
2Probability Lecture 1 (6.2 and 6.3)Oct. 7-8The Sample Space of an Experiment is the set of outcomes.(1) Flip a coin(2) Roll a die(3) Observe a queueHHHHHHHT(4) Flip 4 coins:HHT HHHT THT HHHT HTHT T HHT T TT HHHT HHTT HT HT HT T11213
University of North Carolina School of the Arts - MATH - 183
SolutionstoselectedproblemsinPracticeExam2(Modified)1.(i)cfw_O,B,W(ii)OutcomesOBWProbabilities3/157/155/15k0123P(X=k).2917.525.1750.00833(iii).3242.(ii)(iii)E(X)=.89999(iv)=.73.(ii)k0123(iii)E(X)=.9(iv)=.7944.(i).2(ii
University of North Carolina School of the Arts - MATH - 183
Simulation and Statistics on the TI84(a) Entering Data Lists:By Hand: press stat key and select Edit and enter data in listL1 to L6 to clear a list move to top, press clear and enter IMPORTANT: press quit (2nd mode ) when done editing.By Transferri
University of North Carolina School of the Arts - BUSI - 100
Xiangying WuIntro to financial accountingProblem Set #1Problem 1.A. Assets(-) Liabilities(NC) Stockholders Equity(-)B. Assets(+) Liabilities(+) Stockholders Equity(NC)C. Assets(NC) Liabilities(NC) Stockholders Equity(NC)D. Assets(+) Liabilities(NC)
University of North Carolina School of the Arts - BUSI - 100
Xiangying WuProblem Set #3 for Intro to Financial AccountingProblem 1:(a)2/5/98Account Receivable$20,000Sales$20,0002/10/98Sales returns & allowances$650Account Receivable$6502/14/98Cash$18,963Sales Discount$387Account Receivable$19,35
University of North Carolina School of the Arts - BUSI - 100
Xiangying WuProblem Set #4 for Intro to Financial AccountingDue march 30(Tuesday)Problem 1:A. UnderstateB. OverstateC. UnderstateProblem 2:A. COGS(FIFO)=1200*10+600*12+100*12+400*13+600*15+1200*16+500*18=$62,800B. COGS(LIFO)=800*18+1000*16+200*
University of North Carolina School of the Arts - BUSI - 100
Xiangying WuProblem Set #2Problem One1.1.1 Inventories(A) $1,500Cash(A)$1,5001.2 Inventories(A) $1,650Accounts Payable(L) $1,6501.3equipment(A) $1,200Cash(A)$300Note Payable(L)$9001.4Account receivable(A)$2,700Equipment(A)$2,7001.5no Jour
University of North Carolina School of the Arts - BUSI - 100
Asset AccountsCashLandBuildingsAssetAccountsAccountsReceivableNotesReceivablePrepaidAccountsEquipmentSuppliesLiability AccountsAccountsPayableNotesPayableLiabilityAccountsAccruedLiabilitiesUnearnedRevenueEquity AccountsRetained
University of North Carolina School of the Arts - BUSI - 100
Users of AccountingInformationInternal UsersExternal UsersLendersConsumer GroupsManagersSales StaffShareholders External AuditorsOfficersBudget OfficersGovernments CustomersInternal Auditors ControllersUsers of AccountingInformationExternal
University of North Carolina School of the Arts - BUSI - 100
Quick Study 2-2 (10 minutes) pg. 65a.b.c.d.e.f.g.h.i.IEBBBIBBBIncome statementStatement of retained earningsBalance sheetBalance sheetBalance sheetIncome statementBalance sheetBalance sheetBalance sheetQuick Study 2-3 (10 minut
University of North Carolina School of the Arts - BUSI - 100
Part oneAsset Accounts:Cash(its not revenue)accounts receivable: credit sales or sales on account or on creditnote receivable(promissory note)prepaid accounts(prepaid expense): (1) all expired and used prepaid accountsare recorded as regular expense
University of North Carolina School of the Arts - BUSI - 100
Part oneAsset Accounts:Cash(its not revenue)accounts receivable: credit sales or sales on account or on creditnote receivable(promissory note)prepaid accounts(prepaid expense): (1) all expired and used prepaid accountsare recorded as regular expense
University of North Carolina School of the Arts - BUSI - 100
1.2.Review for Exam 2Merchandise Inventory SystemNet sales= total sales- sales discount sales returns and allowancesNet sales COGS = Gross Profit(Gross Margin)Gross Profit- selling and administration expenses = Income before taxesIncome before tax
University of North Carolina School of the Arts - BUSI - 100
ReviewYou should bring your SU picture identification card and a basic calculator.Exam Topics:1. Be able to identify an asset, liability, stock holders equity, revenue or expenseaccount.2. Be familiar with the four financial statements and three fund
University of North Carolina School of the Arts - MATH - 221
Quiz 34/3/10MAT 221Name:Instructions. You may use a calculator for this test.1. The Excite Poll can be found online at poll.excite.com. The questionappears on the screen, and you simply click buttons to vote "Yes", "No","Not Sure", or "Don Care". O