ABBE 1013 MICROECONOMICS TUTORIAL 5 SECTION A: MULTIPLE-CHOICE QUESTIONS 1. If an increase in income results in an increase in the demand for chicken‚ then chicken is a/ an ___________________________. A. neutral good B. luxury good C. normal good D. inferior good 2. Two goods are complements if the ____________________. A. cross elasticity of demand is negative B. income elasticity of demand is negative C. cross elasticity of demand is positive
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VINEET KUMAR P & T Colony‚ T-II-17‚ Goshala Road Mithanpura‚ Muzaffarpur Bihar- 842002 Contact No.: +919470264126 E-mail: vineet_muz@hotmail.com CAREER OBJECTIVE Seeking a position of Programmer/Developer in the field of IT where fresh talent will add value to operations and utilize my skills and abilities. PROFESSIONAL EDUCATION MCA (Pursuing) [2008-11] from L. N. Mishra College of Business Management‚ Muzaffarpur Condensed Diploma in Hardware & Networking from Govt. Polytechnic College‚ Muzaffarpur
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MGSC3317 Sample Quiz #2 MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) An organization ’s process strategy A) will have long-run impact on efficiency and production. B) is the same as its transformation strategy. C) must meet various constraints‚ including cost. D) is concerned with how resources are transformed into goods and services. E) All of the above are true. 2) Three types of processes are A)
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CHAPTER 13: THE FEDERAL BUREAUCRACY [pic] Multiple Choice Questions 1. Which of the following elements are necessary for bureaucracy according to Max Weber? a. Hierarchical authority structure b. Task specialization c. Rules d. Impersonality e. All of these are necessary according to Weber. 2. Most Americans a. are generally satisfied with the help they receive from bureaucrats. b. dislike bureaucrats. c. actually like bureaucracies.
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MULTIPLE CHOICE 1. The owner’s equity in a business amounted to $56‚000 at the beginning of the year and $100‚000 at the end of the year. The owner had made no additional investments and had withdrawn $19‚000 during the year. The net income for the year amounted to a. $76‚000. b. $67‚000. c. $63‚000. d. $188‚000. ANS: C DIF: Medium OBJ: LO 6-1 MSC: AACSB Analytic 4. Changes in owner’s equity that result from investments or withdrawals of assets by the owner are included in the a. statement
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of water at 20oC‚ the cup of water may be warmer‚ but there are many fewer atoms than the bathtub of water‚ so there can actually be more heat in a colder object‚ but it is spread out throughout many more atoms so the temperature can be lower. 2. 2. Given: 60C(s) → C60; ΔH = 2320 kJ what is ΔH for the following thermochemical equation? 1/60C(s)>>>> C(s) A) +38.7 kJ B) +2320 kJ C) -129 MJ D) -2320 kJ E) -38.7 kJ E is the correct answer. Since the forward reaction has a positive enthalpy
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Introduction – Funds Accounting (#1) MULTIPLE CHOICES 1. Which of the following is a distinguishing characteristic of a nonbusiness organization? a. Its revenues do not exceed its expenses b. There is an absence of ownership interests that can be sold‚ transferred‚ or redeemed c. It does not depreciate its capital assets d. It does not charge fees for any of its services Answer: b 2. Which of the following activities is performed
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Chapter 15 Monopoly 1. Monopolies use their market leverage to a. charge prices that equal minimum average total cost. b. attain normal profits in the long run. c. restrict output and increase price. d. dump excess supplies of their product on the market. ANSWER: c restrict output and increase price. SECTION: 1 OBJECTIVE: 1 2. If government officials break a natural monopoly up into several smaller firms‚ then a. competition will force firms to attain
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(Global Edition) (Daniels/Radebaugh/Sullivan) Chapter 4 The Economic Environment 1) The recent global economic crisis has led to which of the following? A) governments seeking to impose more constraints on capitalism B) governments seeking to eliminate constraints on capitalism C) governments seeking to increase the interdependence of developing economies D) governments seeking to eliminate the interdependence of developing economies 2) Income‚ purchasing power‚ market size‚ and
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CHAPTER 3—DEMAND AND SUPPLY MULTIPLE CHOICE 1. If demand increases while supply decreases for a particular good: a. its equilibrium price will increase while the quantity of the good produced and sold could increase‚ decrease‚ or remain constant. b. the quantity of the good produced and sold will decrease while its equilibrium price could increase‚ decrease‚ or remain constant. c. the quantity of the good produced and sold will increase while its equilibrium price could increase‚ decrease or remain
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