CLICK TO DOWNLOAD ECO 550 Midterm Exam 1. Which of the following barometric indicators would be the most helpful for forecasting future sales for an industry? 2. The use of quarterly data to develop the forecasting model Yt = a +bYt−1 is an example of which forecasting technique? 3. Consumer expenditure plans is an example of a forecasting method. Which of the general categories best described this example? 4. The type of economic indicator that can best be used for business forecasting
Premium Economics Marginal cost
CLICK TO DOWNLOAD ECO 550 Midterm Exam 1. A change in the level of an economic activity is desirable and should be undertaken as long as the marginal benefits exceed the ____. 2. The level of an economic activity should be increased to the point where the ____ is zero. 3. The ____ is the ratio of ____ to the ____. 4. The standard deviation is appropriate to compare the risk between two investments only if 5. The approximate probability of a value occurring that is greater than one
Premium Supply and demand Regression analysis Statistics
CLCIK TO DOWNLOAD ECO 550 Midterm Exam 1. Possible goals of Not-For-Profit (NFP) enterprises include all of the following EXCEPT: 2. The primary objective of a for-profit firm is to ___________. 3. Income tax payments are an example of ____. 4. Economic profit is defined as the difference between revenue and ____. 5. A change in the level of an economic activity is desirable and should be undertaken as long as the marginal benefits exceed the ____. 6. The standard deviation
Premium Supply and demand Marginal cost Microeconomics
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
Premium Ethics Morality Business ethics
CLCIK TO DOWNLOAD ECO 550 Midterm Exam 1. Income tax payments are an example of ____. 2. The moral hazard in team production arises from 3. Which of the following will increase (V0)‚ the shareholder wealth maximization model of the firm: V0∙(shares outstanding) = Σ∞t=1 (π t ) / (1+ke)t + Real Option Value. 4. In the shareholder wealth maximization model‚ the value of a firm’s stock is equal to the present value of all expected future ____ discounted at the stockholders’ required rate
Premium Supply and demand Errors and residuals in statistics Linear regression
1. A patient with poorly controlled Type I diabetes has blood drawn and finds that the pH of his blood is 7.1. The normal pH of blood is 7.4. The patient’s blood [H+] is A) one fourth normal B) one third normal C) half normal D) twice normal E) three times normal 2. The Henderson-Hasselbalch equation: A) allows the graphic determination of the molecular weight of a weak acid from its pH alone. B) does not explain the behavior of di- or tri-basic weak acids C) employs
Premium Diabetes mellitus Insulin Blood sugar
CLICK TO DOWNLOAD ECO 550 Midterm Exam 1. Economies of Scope refers to situations where per unit costs are 2. For a short-run cost function which of the following statements is (are) not true? 3. According to the theory of cost‚ specialization in the use of variable resources in the short-run results initially in: 4. Economies of scale exist whenever long-run average costs: 5. The existence of diseconomies of scale (size) for the firm is hypothesized to result from: 6. If TC =
Premium Economics Marginal cost Average cost
Lesson 1. What is Operations Management –Management of the conversion process which transforms inputs such as raw material and labor into outputs in the form of finished goods and services. Historical Development of O.M • Prior to 1900 –Cottage industry produced custom-made goods. –Watt’s steam engine in 1785. –Whitney’s standardized gun parts in 1801. –Industrial Revolution began at mid-century. • Scientific Management (Frederick W. Taylor) –Systematic approach to increasing worker productivity
Premium Management Operations research Project management
STAT 1770 MIDTERM-2 Date: March 19‚ 2010 Time: 12 30- 14 30 Instructions 1. This is a closed book exam. Name: _______________ I.D. #: _______________ 2. You are permitted to use a non programmable calculator approved by the instructor. 3. There are 31 multiple-choice questions in the part A of this exam. For each question exactly one of four answers provided is correct. For each multiple-choice question‚ circle one of the letters (a)-(d) corresponding to your chosen answer and record it
Premium
CLICK TO DOWNLOAD ECO 550 Midterm Exam 1. Shirking of one’s duties is often encountered in team production settings because 2. Recently‚ the American Medical Association changed its recommendations on the frequency of pap-smear exams for women. The new frequency recommendation was designed to address the family histories of the patients. The optimal frequency should be where the marginal benefit of an additional pap-test: 3. A Real Option Value is: 4. The primary objective of a for-profit
Premium Supply and demand Price elasticity of demand Economics