Real GDP is the total market value of the final goods and services produced in America for sale in a year valued in the prices of 1992. b. Your buying stock in the stock market is an example of investment spending c. Potential Real GDP is always greater than Equilibrium Real GDP d. Social security and welfare are examples of spending on infrastructure. e. All of the above 2. The period of the business cycle in which real GDP is increasing is called
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EXAMINERS: Mr N Njoya Mr J Lutchmiah EXTERNAL EXAMINER: Dr O Mutanga ______________________________________________________________________ ANSWER EACH SECTION IN A SEPARATE ANSWER BOOK _______________________________________________________________________ SECTION A : Atmospheric and Hydrospheric Processes (50 MARKS) ANSWER EITHER QUESTION 1 OR 2 (25 marks) 1 Explain‚ with the aid of a diagram‚ the role of the Hydrological Cycle in the conversion of a meager supply of water
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Officer is Ron Carpenter now in his late-sixties. His wife Mrs. Emelia Carpenter‚ being an aggressive business woman and somewhat younger than her husband‚ now effectively runs the company. Ron Carpenter is affectionately known to all as "Woody" and so the company is generally known as "Woody’s". Woody‚ after an apprenticeship as a cabinet maker‚ started his small furniture manufacturing business back in 1954 and he and his wife moved to their present location in 1959. The company quickly gained a
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Laura Marie PHI 104-51 MIDTERM MIDTERM EXAM INSTRUCTIONS: Please answer the following questions with a few sentences or a paragraph. 1. Define Ethics: Ethics are principles of right conduct that serve as rules for people. It is the understanding of what is right and wrong‚ and choosing to do what is right. 2. What are the 5 Steps to Making an Ethical Decision? The first step in making an Ethical decision is to recognize a moral issue. The second step
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goods sent to customers would best be charged to various product-lines on the basis of: Student Answer: direct labor hours. machine hours. number of units produced. number of orders shipped. Points Received: 0 of 5 Comments: Question 2. Question : The salaries of a manufacturing plant’s management are an example of a: Student Answer: facility-level activity.
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computed results of your exam. Grades for essay questions‚ and comments from your instructor‚ are in the "Details" section below. Date Taken: 4/23/2013 Time Spent: 3 h ‚ 16 min ‚ 12 secs Points Received: 188 / 220 (85.5%) Question Type: # Of Questions: # Correct: Multiple Choice 30 24 Essay 5 N/A Grade Details - All Questions Page: 1 2 1. Question : (TCO 1) The term economy of scale refers to which of the following? Student Answer: Increasing of costs
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is still the same type of data‚ which can then be used to test program logic.) 1. Which of the following is a characteristic of auditing? a. Auditing is a systematic‚ step-by-step process. (Incorrect. While this is true‚ it is not the only correct answer.) b. Auditing involves the collection and review of evidence. (Incorrect. While this is true‚ it is not the only correct
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PROC 5860 MID-TERM EXAM 1. There are seven statutory exceptions to contract without providing for full and open competition. Select two of those authorities and discuss (in your own words) the rationale for using the exception. The Competition in Contracting Act (CICA) of 1984 requires that all acquisitions be made using full and open competition. Seven exceptions to using full and open competition are specifically identified in FAR Part 6. Written justification must be provided when
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Human Resource Management Chapter One: Summary: All managers should understand the importance of the human resource management. Doing so helps managers avoid problems like hiring the wrong person for the job. And more important‚ it can help ensure that the managers get results through people. Line managers’ human resource duties include placing the right person on the job‚ and orienting and training new employees. The human resource manager’s duties include supervising his own employees‚ coordinating
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Question 1: 1. What are the relevant facts? (10 marks) • Annie‚ a copywriter for Laird and Laird (L&L) Advertising‚ has been assigned to Bud’s Best (BB) bacon account. • Lance Willard is a popular Hollywood movie star‚ has signed 1 year contract with BB bacon for product testimonials (when given by celebrities known as celebrity endorsements). • President of L&L‚ (Victor) explains to Annie that Victor has signed an affidavit swearing that he is a bona fide user of BB bacon. • Although
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