201-Midterm 2-Ver1(Pink)-F'11-Gd

201-Midterm 2-Ver1(Pink)-F'11-Gd - Name Seat Number...

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Name Recitation Section Number Seat Number MIDTERM 2 Management 201 - Fall 2011 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. Any student discovered cheating in an examination will be given a grade of F for the course. 6. In all problems answers are rounded to the nearest dollar or cent or unit as indicated in the problem. 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 listed as an answer, $433 is the correct answer. 7. On your answer sheet please be sure to code your recitation section number as listed below: Recitation Section Instructor Day and Time Room Sections: 0003 David Franco F 8:30 AM – 9:20 AM KRAN G018 0004 David Franco F 9:30 AM – 10:20 AM KRAN G018 0005 David Franco F 10:30 AM – 11:20 AM KRAN G018 0006 Jason Merritt F 11:30 AM – 12:20 PM KRAN G018 0007 Jason Merritt F 12:30 PM – 1:20 PM KRAN G018 0008 Jeff Doll F 12:30 PM – 1:20 PM RAWL 1011 0009 Jason Merritt F 1:30 PM – 2:20 PM KRAN G018 0010 Jeff Doll F 1:30 PM – 2:20 PM RAWL 1011 0011 Jason Merritt F 2:30 PM – 3:20 PM KRAN G018 0012 Jeff Doll F 2:30 PM – 3:20 PM RAWL 1011 Version 1 (Pink) " 1. Brasher Company manufactures and sells a single product that has a positive contribution margin. If the selling price and variable expenses both decrease by 5%, and fixed expenses increase by 5%, then what would be the effect on the contribution margin per unit and the contribution margin ratio? Contribution margin per unit Contribution margin ratio A. Decrease Decrease B. Decrease No change C. No change Decrease D. No change No change E. None of the above is correct. 2. A company has provided the following data: Sales 3,000 units Sales price $70 per unit Variable cost $50 per unit Fixed cost $25,000 If the sales volume decreases by 25%, the variable cost per unit increases by 15%, and all other factors remain the same, net operating income will: A. decrease by $31,875. B.
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This note was uploaded on 02/23/2012 for the course MGMT 201 taught by Professor Rowe during the Spring '08 term at Purdue.

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201-Midterm 2-Ver1(Pink)-F'11-Gd - Name Seat Number...

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