ANSWER KEY FOR TEST 2 DECEMBER 2011 ECON 0110: MACROECONOMICS DR. KENKEL 25 questions worth 10 points each. Total Points = 250 1. Assume the following data apply to a certain country using 1996 as the base year: Year Consumer Nominal Price GDP Index (Trillions) 2005 144.9 12.2 2006 155.6 14.8 2007 169.5 17.5 The growth rate of real GDP between 2005 and 2006 is a. Less than 5.0% b. 5.0% to less than 6.0% c. 6.0% to less than 7.0% d. 7.0% to less than
Free Unemployment Inflation Macroeconomics
Chapter 2 The CPA Profession ← Review Questions 2-1 The four major services that CPAs provide are: 1. Audit and assurance services Assurance services are independent professional services that improve the quality of information for decision makers. Assurance services include attestation services‚ which are any services in which the CPA firm issues a report that expresses a conclusion about the reliability of an assertion that is the responsibility of another party. The four
Premium Audit Auditing Financial audit
Chapter 2 Identifying Key Terms 1. Other terms for the market economic system are capitalism and invisible hand. 2. Many American believe that their economic system accounts for the high______ in the United States 3. The concept of _____ allows people to buy and own land‚ a home or their own business. 4. The____ can make profits or incur great losses. 5. A person may keep the___ they earn from selling. 6. Most people live in countries that have a ____. 7. Adam Smith said the economy is directed
Free Capitalism Economic system Economics
Chapter 2 1. (a) Using Medtronic as an example‚ explain how a mission statement gives a strategic direction. (b) Create a mission statement for your own career. Answer: (a) A mission statement gives strategic direction by stating the “what” and “how” of a business in a clear‚ concise‚ meaningful‚ inspirational‚ statement that will continue to be relevant in the long-term. Medtronic’s mission statement identifies its customers‚ market‚ products and technology. They stated the business
Premium Marketing
Question No. 1 Answer: E-Business is the term used to portray the information frameworks and applications that bolster and drive business forms‚ regularly utilizing web technologies. E-Business permits organizations to connection their internal and external procedures all the more effectively and adequately‚ and works all the more nearly with suppliers and accomplices to better fulfill the needs and desires of their clients‚ prompting upgrades in general business execution. While a website is a standout
Premium Management Marketing World Wide Web
Business Project Management MGT 172 Chapter 2: Organization Strategy and Project Selection April 8‚ 2010 UCSD – MGT 172 - Business Project Management This information may not be used or reproduced without prior written approval of the authors. Some content © 2008 The McGraw-Hill Companies‚ All Rights Reserved Slide 1 Class Roadmap April 8‚ 2010 UCSD – MGT 172 - Business Project Management This information may not be used or reproduced without prior written approval of the authors. Some content
Premium Project management Organizational structure
Electronic Business (E-Business) is a perplexing practice due to the numerous aspects it involves. In today’s rapidly changing environment‚ organizations adopt E-Business to respond to several business drivers. The progressions of the macro-environments are creating innovative business environments‚ in which E-Business is considered a normal practice. This paper attempts to model the business environment and evaluate its competitive characteristics by comparing the traditional business with E-Business
Premium Electronic commerce
Chapter 1 Europe Multiple Choice Defining the European Realm 1. The following are statements describing the demographic and economic conditions which may be generally ascribed to the European Realm. Which one is inaccurate? A. Europe constitutes one of the great population clusters of the world. *B. Levels of economic development in Europe decline from east to west. C. Europe’s population is highly urbanized. D. European agriculture is mainly market-oriented. E. European
Premium European Union Eastern Europe Western Europe
Business Telecom Strategy & Applications I Chapter 1 Introduction to Data Communications ISM6222 Copyright 2011 John Wiley & Sons‚ Inc Course Overview INSTRUCTOR Name: Young Kwark Office: 347 STZ E-mail: youngkwark@ufl.edu Subject: ISM6222 Office hours: Wed 10am–noon or by appointment Class Website: http://lss.at.ufl.edu Sakai System Log in with your Gatorlink id and password Course Overview • Grading Policy Group Project Individual/Group
Premium OSI model Computer network Internet Protocol Suite
Business To Business (B2B) Business-to-business (B2B) describes commerce transactions between businesses‚ such as between a manufacturer and a wholesaler‚ or between a wholesaler and a retailer. B2B branding is a term used in marketing. The overall volume of B2B transactions is much higher than the volume of B2C transactions. The primary reason for this is that in a typical supply chain there will be many B2B transactions involving sub components or raw materials‚ and only one B2C transaction‚
Premium Marketing