Name: __________________________ Date: _____________ 1.|The strength of the demand for a resource depends on the:| A)|supply of the resource.| B)|productivity of the resource.| C)|law of increasing product cost.| D)|law of diminishing marginal utility.| 2.|The demand for a productive resource is said to be "derived" because the demand for the factor: | A)|depends on the demand for the product it is used to make. | B)|depends on the demand for a complementary factor. | C)|is derived
Premium Supply and demand Marketing Economics
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‚
Premium Decision theory Operations research Simulation
Jet Copies DAYS TO REPAIR The days to repair component was calculated by using the probability distribution of repair times given. This was used along with a set of random numbers based on 100 breakdowns a year. Then‚ a vlookup was used and the probability distribution per day to come up with the days to repair‚ which varies based on the random number that excel generates. The random number represents the probability of how many days it would take to repair the copier. TIME BETWEEN BREAKDOWNS
Premium Spreadsheet Cumulative distribution function Mathematics
Quiz 1 1. Sociologists study information systems with an eye to understanding: a. how systems affect individuals‚ groups‚ and organizations. b. how human decision makers perceive and use formal information. c. how new information systems change the control and cost structures within the firm. d. the production of digital goods. 2. From a business perspective‚ raw data is transformed systematically during various stages‚ transforming it into valuable information‚ in a process called:
Premium Management Information Information technology
3 | Differentiate between investing activities‚ financing activities‚ and operating activities.Investing activities include lending money and collecting interest‚ financing includes borrowing money and paying interest and operating is the rest of it. | 6 | Identify the following items as (1) operating‚ (2) investing‚ or (3) financing activities: purchase of land; payment of dividends; cash sales; and purchase of treasury stock.Investing‚ financing‚ operating‚ financing. | 7 | Unlike the
Premium Generally Accepted Accounting Principles Cash flow Finance
1) If you believe in the _____ form of the EMH‚ you believe that stock prices reflect all information that can be derived by examining market trading data such as the history of past stock prices‚ trading volume or short interest. 2) If you believe in the _____ form of EMH‚ you believe that stock prices reflect all available information including information that is available only to insiders 3) A common strategy for passive management is 4) Researchers have found that most of the small firm effect
Premium Stock market Financial markets Economics
1. Federal income tax laws allow a firm to deduct all legitimate business expenses when calculating its taxable income. A) True B) False Correct Answer(s): | False | 2. A major criticism against sales quotas is that: A) Activity quotas usually lead to high-pressure selling. B) Quotas are not fair to the sales force. C) Quotas cannot stimulate sales of profitable products. D) Quotas are not realistically attainable. E) It is very difficult to set quotas accurately. Correct Answer(s):
Premium Economics Marketing Capitalism
1. ---- is the ability to express your feelings‚ opinions‚ beliefs and wants directly‚ openly and honestly‚ while not violating the personal rights of others (assertiveness) 2. --- people are motivated by personal rights and willingly confront others who are abusing their rights (assertive) 3. “You failed the exam because you didn’t think it was important to study‚” is an example of analyzing and interpreting (True) 4. “you never listen to the rest of us.” This statement made in a meeting is most
Premium Psychology Critical thinking Sociology
that can be further simplified r1 = x2/36‚ to simplify set the equation equal to r1 x = 6 * SQRT (r1)‚ final equation. Lost Revenue Jet Copies demonstrates a uniform probability distribution as it pertains to the number of copies sold per day. The average sale is between 2‚000 through 8‚000 copies a day‚ at $0.10 a copy. This number is denoted on the excel spreadsheet as r3 by generating a random number between 2‚000 and 8‚000. To calculate the total amount of business lost
Premium Microsoft Excel Cumulative distribution function Spreadsheet
• Question 1 10 out of 10 points Which of the following statements about purchasing enterprise system packages is false? Answer Selected Answer: ERP systems typically involve a lot of custom interfaces to legacy systems. • Question 2 10 out of 10 points Which criterion should a firm consider when evaluating candidate software packages? Answer Selected Answer: all of the above • Question 3 10 out of 10 points Which of the following is a factor
Premium Management Enterprise resource planning Project management