CLICK TO DOWNLOAD MAT 540 MIDTERM EXAM 1. Regret is the difference between the payoff from the best decision and all other decision payoffs. 2. Variable costs are independent of volume and remain constant. 3. Regret is the difference between the payoff from the 4 A _________ period of real time is represented by a __________ period of simulated time. 5. A seasonal pattern is an up-and-down repetitive movement within a trend occurring periodically 6. A trend is a gradual‚
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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
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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
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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
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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
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Hanoi University faculty of management and tourism MIDTERM TEST Business Modeling STUDENT FULL NAME ___________________________________________ID______________MAJOR:______ TUTOR:_________________________________ TUT:_______ DATE: ______________ TIME: 30 MINS Instruction: - You are required to complete the midterm test (including section A and B) by using Excel. - During the test‚ you must not communicate with your friends under any form. Please refer to the invigilator
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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 =
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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
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CLICK TO DOWNLOAD MGMT 520 MIDTERM EXAM TCO B. Infuriated when Harry Reid is re-elected during the 2010 fall election‚ the Republicans in Congress decide to take matters into their own hands. In 2011‚ the House of Representatives passes a new "Freedom isn’t Free Act" that requires that anyone who wants to vote in the 2012 presidential election must prove that they paid at least $200 in federal income tax in the past year‚ including people aged 18 (who typically are deducted on their parents’ returns
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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
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