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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Berkeley College-Spring-2013 MATH 210- Finite Math-Prof. Seaton Name: February 11‚ 2013 PRACTICE PROBLEMS FOR MIDTERM EXAM-ANSWERS 1) The total cost to produce 10 calculators is $100. The variable cost per calculator is $4. (a) Find the fixed cost 10 4 4 10 40 60 100 (b) What is the cost function? 4 60 2) An insurance company claims that its monthly revenue in dollars is given by R(x) = 125x and its monthly cost is:
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TMAN 625 Midterm Exam‚ Spring 2012 Name Question 1 2 3 4 5 6 7 8 9 10 Late Total Score 0 0 0 0 0 0 0 0 0 0 0 0 Week 1 2 2 3 3 3 4 4 5 5 TVOM‐qualitative Annual Annuity Annual Loan Loan Annuity stocks verses bonds Discounted Payback PW‚ FW‚ AW IRR independent ‐ cost only IRR mutually exclisive TMAN625 Midterm Exam‚ Summer 2012 Name Eric D. Choi Question 1 2 3 4 5 6 7 8 9 10 Late Total Score 0 0 0 0 0 0 0 0 0 0 0 0 Question 1 Score 0 Explain where or when
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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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DOWNLOAD HERE ECO 550 Midterm Exam 1. To reduce Agency Problems‚ executive compensation should be designed to: 2. Economic profit is defined as the difference between revenue and ____. 3. Possible goals of Not-For-Profit (NFP) enterprises include all of the following EXCEPT: 4. Various executive compensation plans have been employed to motivate managers to make decisions that maximize shareholder wealth. These include: 5. Income tax payments are an example of ____. 6. The moral hazard
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CLICK TO DOWNLOAD ECO 550 Midterm Exam 1) For studying demand relationships for a proposed new product that no one has ever used before‚ what would be the best method to use? 2) The forecasting technique which attempts to forecast short-run changes and makes use of economic indicators known as leading‚ coincident or lagging indicators is known as: 3) If two alternative economic models are offered‚ other things equal‚ we would 4) Smoothing techniques are a form of ____ techniques which
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1. How many employees must a company have to be covered under FMLA? __50_______ 2. A company can be inconsistent in their disciplinary actions and procedures if they don’t know any better. True False 3. Which one of these laws has to do with protection for employees 40 – years and older? ADA FMLA FLSA -ADEA - USERRA 4. Scenario: I am an employer‚ and one of my employees goes away to IRAQ on active duty in the Army. While he was gone we downsized. He returns a year later
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