Name/Student Number: Economics Final Exam College Prep Program Completion Complete each statement. 1. The hope of reward that encourages a person to behave in a certain way is a(n) _______. 2. A bridge is an example of something that is usually provided as a _________. 3. To show how demand for a good will change at specific price points‚ economists use a ____. 4. People will buy more of a good when its price falls and less when its price rises
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1. Dorra Corporation manufactures lawnmowers in five work stations. Dorra’s weekly demand is 5‚000 mowers but Dorra can only produce 4‚200. According to the theory of constraints‚ to increase production output Dorra would benefit the most by concentrating improvement efforts on the: A. first work station. B. last work station. C. largest work station. D. slowest work station. 2. Managerial accounting is applicable to A. service entities. B. manufacturing entities. C. not-for-profit entities. D
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Integrative Business Applications Professor G. A. Winfield BA 3103 Fall 2014 Phone: 610-202-3401 E-Mail:winmgt@temple.edu Office Hours: By appointment Course Overview and Objectives: This course is intended to provide undergraduate junior-year business majors with an opportunity to integrate the material in the lower and upper BBA core courses in Accounting‚ Finance‚ Marketing‚ Economics‚ Statistics‚ Human Resource Management‚ Ethics‚ MSOM‚ and Risk Management and Insurance
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Code Subject Title Area Credits 1 COM 625 Accounting Theory Acc & Fin 3 2 COM 600 Managerial Economics Gen. Mgmt 3 3 COM 626 Financial Management Acc & Fin 3 4 COM 601 Quantitative Techniques Gen. Mgmt. 3 5 COM 620 Marketing Management MM 3 6 COM 602 Economic Environment of Business Gen. Mgmt. 3 7 COM 615 Organizational Behavior OLS 3 GM = General Management; Acc. & Fin. = Accounting
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managerial economics 7 1.2 Choice and opportunity cost 9 2.0 Basic concerns of economics 9 3.0.0 Theories of economics 12 3.1.0 The theory of demand 13 3.1.1 Tastes 14 3.1.2 Number of buyers 14 3.1.3 Income 14 3.1.5 Expectations 15 3.2 The theory of supply 16 3.3 The theory of production 16 3.4 The theory of price( in government) 17 3.5 The theory of consumer behaviour 17 3.5.1 Rational behaviour 17 3.5.2 Preferences 17 3.5.3 Budget constraint 18 3.5.4 Prices 18 4.0 Managerial Economics and Economic Theories
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and efficiently communicated to management. 2. Which of the following statements is not true about business objectives? a. Business objectives represent targets of performance. b. Establishing meaningful business objectives is a prerequisite to effective internal control. c. Establishing meaningful business objectives is a key component of the management process. d. Business objectives are management’s means of employing resources and assigning responsibilities. 3. Within
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Chapter 1 What Is Economics? 1) All economic questions are about A) how to make money. B) what to produce. C) how to cope with scarcity. D) how to satisfy all our wants. 2) An incentive A) could be a reward but could not be a penalty. B) could be a penalty but could not be a reward. C) could be either a reward or a penalty. D) is the opposite of a tradeoff. 3) An inducement to take a particular action is called A) the marginal benefit. B) the marginal cost. C) opportunity cost
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After identifying a significant related party transaction outside the entity’s normal course of business‚ an auditor should Evaluate the business purpose of the transaction. In auditing related party transactions‚ an auditor ordinarily places primary emphasis on The adequacy of the disclosure of the related party transactions. Subsequent to issuing a report on audited financial statements‚ a CPA discovers that the accounts receivable confirmation process omitted a number of accounts that are
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supply-chain management‚ capacity planning‚ and product portfolio management. Taking into account that there are a lot of variables to be considered in International Business‚ this essay will also analyze some of the inherent flaws if game theory was the only method used towards decision-making as it is applied in International Business. Article Review Rubinstein’s interpretation of game theory noted two basic components which are game form and strategy. Game form is described as being the construct
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Instructions Total Marks 40 1. Exam is closed book 2. All questions in Part A and in Part B are compulsory 3. Each question in Part A carries 1 mark & each Question in Part B carries 10 marks 4. All Questions to be answered in the Question Booklet 1. In the diagram above‚ d and MR represent‚ respectively‚ the demand curve and the marginal revenue curve of an oligopolist. The kink in
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