prelim2 answer key - AEM220 Introduction to Business...

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AEM220 Spring 2006 Introduction to Business Management Pedro David Pérez Prelim #2 FORM A 1. This exam is composed of 100 questions, a mixture of multiple choice, matching, and true/false questions. You will have exactly 90 minutes to complete the exam. Please allocate your time accordingly. 2. Make sure you leave yourself enough time at the end to have the bubble sheet completely filled out before time is called. No additional time will be allocated for this activity. 3. If you have questions about anything, do not hesitate to ask. Just raise your hand and we will come to your seat. 4. After you have completed your exam , print your name in the space below, sign and date the Honor Code. GOOD LUCK!!! Name (please print) _______________________________________________________ Student ID Number _____________________________ Honor Code : I affirm that I have abided by the guidelines set forth in the Cornell University Code of Conduct: Signature ________________________________________________________________ Date ________________________________
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1. Which of the following statements about Adam Smith’s contribution to economics is true? 2. Product differentiation is a key to success in monopolistic competition a. True b. False 3. A major distinction between capitalism and socialism concerns how incomes are distributed among the population a. True b. False
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