1) Discuss the owner-manager conflict within the firm. Provide two real world manifestations of the conflict. Owner-manager conflicts finds it basis on the self-interested behaviors of managers‚ owners and shareholders. Firm managers may have personal goals that conflict with the owner’s goals of maximizing shareholder wealth. Potential conflicts occur when managers seek to maximize their own utility at the expense of the firm’s shareholders. Conflict between owners and managers typically arise
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Exam Name___________________________________ TRUE/FALSE. Write ’T’ if the statement is true and ’F’ if the statement is false. 1) Effective strategy formulation can usually guarantee successful strategy implementation. Answer: True False 2) Strategy formulation is the managing of forces during the action‚ whereas strategy implementation is the positioning of forces before the action. Answer: True True True True True True True True True 9) False 10) Policies refer to specific guidelines
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CHAPTER 16 SIMPLE LINEAR REGRESSION AND CORRELATION SECTIONS 1 - 2 MULTIPLE CHOICE QUESTIONS In the following multiple-choice questions‚ please circle the correct answer. 1. The regression line [pic] = 3 + 2x has been fitted to the data points (4‚ 8)‚ (2‚ 5)‚ and (1‚ 2). The sum of the squared residuals will be: a. 7 b. 15 c. 8 d. 22 ANSWER: d 2. If an estimated regression line has a y-intercept of 10 and a slope of 4‚ then when x = 2 the actual value
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Chapter 05 Production and Cost Essay Questions 1. Always Round Tire has a production function of Q = 300 L.75 K.5. In the short run‚ if L = 250 and K = 25‚ what happens to the output of tires if L jumps to 300 and then 350. What law does this illustrate? When L=250 and K=25 then Q=94307. When L increases to 300‚ Q increases to 108‚127. When L increases to 350‚ Q increases to 121‚379. This shows the effects of diminishing marginal returns to labor as a factor of production.
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Chapter 1 Multiple-Choice Questions |1. |Recording‚ classifying‚ and summarizing economic events in a logical manner for the purpose of providing financial | |easy |information for decision making is commonly called: | |c |a. finance. | |
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transaction cost economics. Some organizations struggle whether or not to outsource the IT division. The company has two choices for any economic activity: going outside to market or perform the activities in-house. In any case‚ the cost of the activity is divided into production costs‚ and transaction costs. Production costs in the case of the in-house division‚ includes hardware and software‚ whereas the transaction cost‚ which are the activities related to implementing the economic activity includes
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1.) An example of externality… c. pollution from a factory on the health of people in the vicinity of the factory 2.) The fact that the different countries experience different standards of living is largely explained by differences those countries. b. productivity levels 3.) In the short run which of the following rates o growth in the money supply is likely to lead to the highest level of unemployment in the economy? A. 1 percent 4.) A company that formerly produced software went
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connected. In the 1980s‚ growth of Kenya ’s network occurred on a larger scale. KP&TC undertook three telecommunications development programs: the First Program ran from 1979 to 1983; the Second Program began in 1984 and was completed in 1988; and World Bank funding for the Third Program was negotiated in 1985-86‚ with disbursements beginning in 1987 and completion achieved in 1992. The First Program called for the addition of 58‚800 exchange lines of capacity‚ a 60% increase over the system capacity
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MANAGERIAL ECONOMICS PROJECT ACKNOWLEDGEMENT We would like to take this opportunity to thank Prof. Jhonson for all his help and support throughout this project and for giving us a chance to identify the Investment opportunity in the Banking Industry and decide whether a given bank is good for investment or not. TABLE OF CONTENTS SR. NO. TOPIC PAGE NO. 1 INTRODUCTION – KARUR VYSYA BANK 4 2 BALANCE SHEET AND PROFIT & LOSS ANALYSIS 5
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Chapter 1 Susan has a part-time "cottage industry" producing seasonal plywood yard ornaments for resale at local craft fairs and bazaars. She currently works 8 hours per day to produce 16 ornaments. a. What is her productivity? b. She thinks that by redesigning the ornaments and switching from use of a wood glue to a hot-glue gun she can increase her total production to 20 ornaments per day. What is her new productivity? c. What is her percentage increase in productivity? a. 16 ornaments/8
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