Final Examination of Economics 1.When the money market is drawn with the value of money on the vertical axis‚ if the price level is above the equilibrium level‚ there is an a. excess demand for money‚ so the price level will rise. b. excess demand for money‚ so the price level will fall. c. excess supply of money‚ so the price level will rise. d. excess supply of money‚ so the price level will fall. 2.According to the classical dichotomy‚ when the money supply doubles which
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Toyota and GM: a Comparison of its Mission‚ Values‚ Social Responsibility‚ and Ethics Toyot Toyota and GM: a Comparison of its Mission‚ Values‚ Social Responsibility‚ and Ethics Toyota and General Motors are both in the manufacturing and sale of motor vehicles. They each have its own mission‚ values and conscientious effort to be socially responsible. A company’s mission‚ vision and core values define how the corporation functions and interacts with the local and global community. Corporations
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94 D. .92 E. .38 Answer: D 2. Suppose that for a certain football game the probability that the home team will be ahead at half-time is 0.60 and the probability that the home team will be ahead at half- time as well as at the final gun is 0.45. What is the probability that the home team will win this game given that it is ahead at the half? A. .45 B. .75 C. .15 D. .27 E. None of the above. Answer: B 3. A company markets two products
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Organizational Performance Control: monitor the organizations environment‚ competitors‚ publics‚ strengths‚ weaknesses and performance (strategic planning). Day-to-Day performance for the purpose of fine-tuning current efforts (feedback) Evaluation: Final outcome – did it work‚ did it achieve behavioural influence goals? Major drivers of success? What didn’t work? Monitoring (measurement): Keeps marketers on schedule‚ to know if all segments are being reached‚ what is working/not working‚ is desired
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decentralized organizations. GM which started as decentralized organization wanted to be more centralized like its competitor Toyota. For example GM marketed about 8 midsized sedans which all 8 had different names and different parts from all over the world. However‚ Toyota a more centralized company marketed only a couple sedans. GM saw the success of Toyota and wanted to be more of a centralized company. This required reorganization of the whole company. The First step was for GM to realize the flaws
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This archive file of MGT 420 Final Exam shows the solutions to the following problems: 1) __________ refers to the propensity for a product to perform consistently over its useful life. 2) Like engineers‚ operations managers are very concerned about product and process design. However‚ rather than focusing on only the technical aspects of those activities‚ operations concentrates on the __________ of these activities. 3) __________ refers to the efficiency with which a product achieves its intended
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Question # 1 (4 marks) Reardon Inc. publishes accounting textbooks and expects to sell 6‚000 during the coming year. The average selling price per textbook is $75. Projected costs for 6‚000 textbooks are as follows: Direct Materials $94‚500 Direct Labour $45‚000 Variable Manufacturing Overhead $48‚000 Fixed Manufacturing Overhead $96‚000 * Fixed Selling and Administrative $42‚500 Variable Selling and Administrative $25‚000 * Total Fixed Manufacturing Overhead increases
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tax rate; by law‚ the tax burden is split 50-50 between employer and employee. So‚ 7.65% of the employee’s earnings on each paycheck is deducted for FICA taxes‚ and 7.65% of the employee’s earnings is paid in FICA taxes by the employer. Is the economic incidence of the FICA tax shared equally by employer and employee? Explain.
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Discussion Questions 1. Why did GM Brazil decide to change the way they were doing business in the spare parts market? General Motors started its business in Brazil in the year 1925 and has been growing ever since. GM had its spare parts business which has been highly profitable‚ but low on volume. The business of the spare parts was demand driven. The market situation worsened when liberalization attracted competitors like Toyota‚ Audi etc. This made GM tighten their costs further on the low
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primordial human nature (fitrah). Islam holds the belief that human beings are born with good character (fitrah) that disdains from immorality and instils morality‚ thus good morals are equivalent to human nature. In Islam‚ the essential rule in business is honesty and fair dealing‚ and a businessman should‚ as a result‚ be a person of high ethical principles (Kaliffa 2003). The market should be free and not subject to manipulation and where individuals engaging in trade and commerce should act fairly
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