9780273791720_11_tif - Exam Name 1 Goods produced by the economic system that are used as inputs in the production of future goods and services are A

9780273791720_11_tif - Exam Name 1 Goods produced by the...

This preview shows page 1 - 6 out of 68 pages.

Exam Name___________________________________ 1. Goods produced by the economic system that are used as inputs in the production of future goods and services are A) depreciation goods. B) tangible goods. C) capital goods. D) consumable goods. Answer: C Diff: 1 Topic: Capital, Investment, and Depreciation Skill: Definition AACSB: Learning Outcome: Micro-18 2. In the capital market, households ________ supply the financial resources to firms that allow them to purchase ________. A) directly; capital B) indirectly; labor C) indirectly; land D) indirectly; capital Answer: D Diff: 1 Topic: Capital, Investment, and Depreciation
Image of page 1
Skill: Conceptual AACSB: Reflective Thinking Learning Outcome: Micro-18 3. As the inventory of a firm falls, A) its social capital increases. B) its intangible capital decreases. C) there is no change in its capital. D) its tangible capital decreases. Answer: D Diff: 1 Topic: Capital, Investment, and Depreciation Skill: Conceptual AACSB: Reflective Thinking Learning Outcome: Micro-18 4. Firms that offer to pay for college tuition for their employees are investing in ________ capital. A) tangible B) productive C) human D) social Answer: C Diff: 1 Topic: Capital, Investment, and Depreciation
Image of page 2
Skill: Conceptual AACSB: Reflective Thinking Learning Outcome: Micro-18 5. A clothing manufacturer produced 5,000 sweaters, but sold only 4,000 of them. The remaining 1,000 sweaters would be classified as A) part of the firm's intangible capital. B) part of the firm's tangible capital. C) a loss to the firm. D) a factor of production. Answer: B Diff: 2 Topic: Capital, Investment, and Depreciation Skill: Conceptual AACSB: Reflective Thinking Learning Outcome: Micro-18 6. An example of tangible capital is A) an idea for a new business. B) knowledge of how to program a computer. C) a restaurant's unsold, unopened cans of soda. D) the goodwill a firm has established through advertising. Answer: C Diff: 2
Image of page 3
Topic: Capital, Investment, and Depreciation Skill: Conceptual AACSB: Reflective Thinking Learning Outcome: Micro-18 7. The measure of a firm's ________ is the current market value of its plant, equipment, inventories, and intangible assets. A) capital flow B) investment C) depreciation D) capital stock Answer: D Diff: 1 Topic: Capital, Investment, and Depreciation Skill: Definition AACSB: Learning Outcome: Micro-18 8. A firm's capital is measured as a ________ while investment in new capital is measured as a ________. A) stock; flow B) physical amount; dollar value C) flow; stock D) stock; change Answer: A
Image of page 4
Diff: 1 Topic: Capital, Investment, and Depreciation Skill: Conceptual AACSB: Reflective Thinking Learning Outcome: Micro-18 9. A university requires that all entering first-year students learn how to use word processing and spreadsheet software. This is an investment in what type of capital? A) tangible B) human C) productive D) financial Answer: B Diff: 2 Topic: Capital, Investment, and Depreciation Skill: Conceptual AACSB: Reflective Thinking Learning Outcome: Micro-18 10.
Image of page 5
Image of page 6

You've reached the end of your free preview.

Want to read all 68 pages?

  • Spring '13
  • MaryHabib
  • Interest, AACSB, Reflective thinking

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture