Chapter 7 Competition and Policies towards Monopolies and Oligopolies‚ Privatization and Deregulation Suggested Answers to the Review Questions I. Questions 1. Pure monopoly refers to the case where: a) there is a single firm selling the commodity‚ b) there are no close substitutes for the commodity‚ and c) entry into the industry is very difficult or impossible. If we further assume that the monopolist has perfect knowledge of present and future prices and costs‚ we have perfect monopoly
Premium Economics Monopoly Perfect competition
Chapter 1 THE PROBLEM AND ITS BACKGROUND Introduction Juvenile Delinquency has long been a problem of the Philippine society. The deviant behavior of today’s children was greatly disapprove and has become a great concern of the public. Long ago‚ adults committed crimes. They were charged and convicted accordingly but with the changing world come the change in nature of the crime and the doer of the crime. We know children as innocent. They are vulnerable and they need someone to guide
Premium Crime Juvenile delinquency Criminology
Sample Questions and Answers Tell me about yourself …. This is tricky not to waffle or give unrelated information. You need to aim to address your capability‚ commitment and cultural fit‚ here is a sample answer: ‘Good morning‚ my name is James Smith.* I am a qualified accountant with six years post qualified experience gained within the pharmaceutical industry. I worked with Glaxo Smith Klein* as an assistant accountant and I have spent the past 4 years working with Pfizer* where my most recent
Premium Employment Job interview
Candidate Name: ___________________________________________________ Question number. Guidance Notes/Example Unit 641 Criteria 1 State why and when health and safety control equipment‚ identified by the principles of protection‚ should be used relating to types‚ purpose and limitations of each type‚ the work situation‚ occupational use and the general work environment‚ in relation to: – collective protective measures – personal protective equipment (PPE) – respiratory protective equipment
Premium Personal protective equipment Risk Occupational safety and health
Chapter 4_class exercise True/False 1. The forecasting time horizon and the forecasting techniques used tend to vary over the life cycle of a product. Answer: TRUE 2. A time-series model uses a series of past data points to make the forecast. Answer: TRUE 3. Cycles and random variations are both components of time series. Answer: TRUE 4. One advantage of exponential smoothing is the limited amount of record keeping involved. Answer: TRUE 5. If a forecast is consistently greater
Premium Time series analysis Moving average Time series
Privacy Issues With information systems‚ privacy deals with the collection and use or misuse of data More and more information on all of us is being collected‚ stored‚ used‚ and shared among organizations Who owns this information and knowledge? Privacy is a status wherein an individual can work on his/her information in seclusion‚ resulting in a selective revelation of one’s identity and information. Privacy can mean anonymity in case a person wants to remain unidentified. Privacy can also be
Premium Privacy Internet privacy E-mail
An aging of a company’s accounts receivable indicates that $4‚500 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1‚200 credit balance‚ the adjustment to record bad debts for the period will require a debit to Allowance for Doubtful Accounts for $3‚300. debit to Bad Debt Expense for $4‚500. credit to Allowance for Doubtful Accounts for $4‚500. debit to Bad Debt Expense for $3‚300. The financial statements of the Melton Manufacturing Company reports net sales
Premium Depreciation Balance sheet Generally Accepted Accounting Principles
military C) The same as the web D) a large network of networks Answer: D Section Ref: The Internet and How It Works 2) The concept of the Internet was developed in response to the ________ War. A) Korean B) Vietnam C) Cold D) Gulf Answer: C Section Ref: The Origin of the Internet 3) The World Wide Web was based on a protocol developed by ________. A) Microsoft B) Apple C) Tim Berners-Lee D) the U.S. government Answer: C Section Ref: The Origin of the Internet 4) The "fathers"
Premium World Wide Web Internet Domain name
for developing the financial statements. The account classification (liquid funds) is also important for the system when developing the financial statements. 1.2 2001 Accounts Payable: Again‚ this is a balance sheet account. See below for more information concerning this account. 1.3 Before going to the next account‚ let’s analyze the Accounts Payable account closer. This account is special. Look at the Control data tab and note what the Reconciliation account is. What is this all about? This
Premium Accounts receivable Generally Accepted Accounting Principles Balance sheet
Review Questions for Mid-Term 1) What constitutional clause allows laws enacted by the federal government to take priority over conflicting state laws? 2) Would it be a violation of equal protection for a state to impose a higher tax on outof-state companies doing business in the state than it imposes on in-state companies if the only reason for the tax is to protect the local firms from out-ofstate competition? Explain. 3) Jen operates Jen’s Fruits & Vegetables‚ a small market stocked entirely
Premium Blizzard Entertainment United States Constitution Copyright