Final Exam PMBA 8030 TRACI’S SALON 1) Retail Hairstyling Industry Number of firms – many Entry conditions – easy Product type – few to many Conduct of firms – less aggressive Retail hairstyling industry is considered to be a monopolistic competition where there are many firms selling similar but not identical goods and services. In monopolistic markets‚ there are a large number of sellers and they can easily enter or leave the market. This is most common market in the U.S. economy‚ especially
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COURSE : ECONOMICS EXAMINATION : APRIL 2011 QUESTION 1 A) What is market equilibrium? With the aid of a diagram‚ explain how it is determined? (4marks) Answer: Market equilibrium is a situation in which the supply curve of an item is exactly equal to its demand curve. Since there is neither surplus nor shortage in the market‚ price tends to remain stable in this situation. Price D S E P S D 0 Q
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This paperwork of ECON 545 Week 8 Final Exam shows the solutions to the following problems: 1. (TCO A) Suppose you are hired to manage a small manufacturing facility that produces Widgets. (a.) (15 points) You know from data collected on the Widget Market that market demand and market supply have both increased recently. As manager of the facility‚ what decisions should you make regarding production levels and pricing for your Widget facility? Remember that supply and demand are about the market
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MGMT 102 Sample questions (1-10) 1. Briefly describe any one of the communication models discussed in the textbook and/or lecture Lasswell’s (1948) model describes communication as a one-way transmission of messages. The model shows the ‘who’ as the ‘source’‚ the ‘what’ as the message‚ the ‘how’ as the channel‚ the ‘whom’ as the destination and the ‘effect’ as the outcome. 2. Describe three of the of the tests you can use to enable ethical decision-making Are we rationalising: Identify
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it established two multinational institutions: the International Monetary Fund (IMF) and the World Bank. The task of the IMF would be to maintain order in the international monetary system and that of the World Bank would be to promote general economic development. The aim of the Bretton Woods System: was to try to avoid a repetition of that chaos through a combination of discipline and flexibility. The official name for the World Bank is the International Bank for Reconstruction and Development
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minutes Percentage of overall assessment covered by this paper : 75 % Reading Time: 15 minutes INSTRUCTIONS TO CANDIDATES Materials Allowed Answering Requirements Answer all questions‚ state formulae used. Swinburne University of Technology School of Engineering AND SCIENCE FINAL EXAMINATION - 1 st Semester 2004 (HES 2120‚ Structural Mechanics)
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CJUS Final Review 1. Know what the Fifth Amendment limits? Limitations on the exercise of governmental power or authority and prevent person from being tried twice for the same offense‚ testify against himself. 2. Sixth Amendment guarantees what? The Sixth Amendment guarantees the right to legal counsel at all significant stages of a criminal proceeding. 3. The eighth amendment bars what? U.S. constitutional amendment forbidding excessive bail‚ excessive fines‚ and cruel and unusual
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Name: ________________________ Class: ___________________ Date: 9. December 2009 ID: A Final Exam - Microeconomics General Instructions: Calculators and rulers are allowed. You are not allowed to have any cell phones with you during the exam. That is‚ you may not use your cell phone as a calculator. In fact‚ you may not use any device other than a calculator (scientific calculators are allowed). This is a closed book and closed notes exam.However‚ you may have with you one page (both
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Le PHIL 301 Professor Stieb Midterm Exam‚ May 2‚ 2013 1/ What is ethics? What are some common ethical types? Why do business people need it? Can ethics be taught to people? Ethics is a study of morality‚ stems from the ancient Greek “ethos” meaning custom or habit. It is a study of theories concerning what is good and evil in human conduct. There is no particular set of laws defining what is ethical and what is not‚ because there is no right or wrong answer. The second sense of ethics speak of
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to access the information 12. Which of the following acts allow anyone to get access to unclassified information through legal means? b. FOIA 13. To which of the following does the Privacy Act of 1974 apply? b. Federal government 14. What are the business reasons to classify and protect data? a. Risk avoidance and
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