Quiz 6 GEB 3373 Spring 2012 key

Quiz 6 GEB 3373 Spring 2012 key - Quiz 6 GEB 3373 Spring...

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Quiz 6 GEB 3373 Spring 2012 1. There are now over 3,700 Zara stores in 68 countries. The chain, which opened its first store in 1975 in _____, has expanded rapidly chiefly because of its _____. a. France … rapid supply chain control b. France … franchising system c. Spain … rapid supply chain control d. Spain … franchising system 2. Benetton has 5,000 outlets in some 120 countries. Its strategy is to a. meet changing customer preferences rapidly. b. maintain the prestige of its stylish clothes by setting high prices. c. keep all of its stores under central ownership. d. sell at low prices to customers who are less concerned about the latest styles. 3. Zara produces clothing and a. is not vertically integrated with retailing. b. is vertically integrated with retailing. 4. Benetton stores, which are a. independently owned, carry a variety of clothing brands. b. independently owned, carry only Benetton clothes. c. owned by Benetton, carry a variety of clothing brands. d. owned by Benetton, carry a variety of clothing brands. 5. The real interest rate is the a. rate on AAA corporate bonds plus a risk adjustment. b. rate on AAA corporate bonds minus a risk adjustment. c. nominal rate minus the expected rate of inflation. d. nominal rate plus the expected rate of inflation. e. slope of the yield curve. 6. The higher your real interest rate or real discount rate, the a. less you value the future. b. more you value the future. 7. Using the simple formula for the price of a share of stock, if the relevant rate of interest is 5%, the expected rate of growth of earnings is 1%, and earnings per share are $2, then the price of a share is a. less than $20. b. at least $20 but less than $40. c. at least $40 but less than $60. d. at least $60 but less than $80. e. $80 or more. 8. The elasticity of demand is the absolute value of
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a. the slope of the demand curve. b. the inverse of the slope of the demand curve. c. the percentage change in quantity demanded divided by the percentage change in price along a given demand curve. d. the percentage change in price divided by the percentage change in quantity demanded along a give demand curve. 9. The elasticity of supply is the a. slope of the supply curve. b. inverse of the slope of the supply curve. c. percentage change in price divided by the percentage change in quantity supplied. d. percentage change in quantity supplied divided by the percentage change in price. 10. For this class, we have adopted the convention of expressing the exchange rate of the dollar as the number of ______. Using this convention, an increase in the exchange rate of the dollar is ______ of the dollar. a. dollars per euro … an appreciation b. dollars per euro … a depreciation c. euros per dollar … an appreciation d. euros per dollar … a depreciation e. dollars per ounce of gold … a devaluation 11. Over the past decade China _____ dollar assets in an effort to keep the dollar from ______.
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This note was uploaded on 03/12/2012 for the course GEB 3373 taught by Professor Crum during the Spring '10 term at University of Florida.

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Quiz 6 GEB 3373 Spring 2012 key - Quiz 6 GEB 3373 Spring...

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