201-Midterm 2-F'10-Ver1-Solution (1) - Name Seat Number Recitation Section Number 1 MIDTERM 2 SOLUTION Management 201 Fall 2010 1 2 3 This examination

1 Name Recitation Section Number Seat Number MIDTERM 2 - SOLUTION Management 201 - Fall 2010 1. This examination consists of 30 multiple-choice questions. Each question is worth 5 points. 2. You must sit in your assigned seat to take the exam. If you are not in the correct seat, you will lose 5 points. 3. Print and code your name, ID number, and your section number on the computer answer sheet; please enter your section number as listed below. In the blank for TEST, please write the version number below. Be sure to use a number 2 pencil and sign the answer sheet. 4. You will have 1.5 hours to complete the exam. The exam will end at 9:30 p.m. All multiple- choice questions must be coded on the answer sheet before the end of the examination period at 9:30. Your score on these questions is based only on the coded answers. Please help us collect exams promptly when the exam is over. 5. Use of unauthorized written materials, receiving or giving verbal or written assistance from or to another person during an exam is considered cheating. All electronic devices, including cell phones, must be turned off and stored in your book-bag. If any electronic device is observed, this will be considered cheating. Any student discovered cheating in an examination will be given a grade of F for the course. Only simple calculators may be used during the exam. Any graphing calculator or calculator that can store information cannot be used. 6. In all problems answers are rounded to the nearest dollar or cent as appropriate. Thus if you compute an answer to be $1.333333333333 and an answer of $1.33 is given; the $1.33 is the correct answer. Similarly, if you compute an answer to be $432.897654, all answers are rounded to the nearest dollar, and the answer $433 is provided; $433 is the correct answer. Do your best and good luck. Recitation Section Instructor Day and Time Room Sections: 0003 Krystal Miller F 8:30 AM – 9:20 AM KRAN G020 0004 Krystal Miller F 9:30 AM – 10:20 AM KRAN G020 0005 Krystal Miller F 10:30 AM – 11:20 AM KRAN G020 0006 Gerardo Baltodano F 11:30 AM – 12:20 AM KRAN G020 0007 Gerardo Baltodano F 12:30 AM – 1:20 PM KRAN G020 0008 Krystal Miller F 12:30 AM – 1:20 PM RAWL 1011 0009 Gerardo Baltodano F 1:30 PM – 2:20 PM KRAN G020 0010 Brian Bobo F 1:30 PM – 2:20 PM RAWL 1011 0011 Gerardo Baltodano F 2:30 PM – 3:20 PM KRAN G020 0012 Brian Bobo F 2:30 PM – 3:20 PM RAWL 1011 Version 1 (Green) 2 1. Which of the following would produce the largest increase in the contribution margin per unit? A. A 7% increase in selling price. B. A 15% decrease in selling price. C. A 14% increase in variable cost. D. A 17% decrease in fixed cost E. A 23% increase in the number of units sold. A