4. Why do Amazon executives think brick-and-mortar retail stores will work?
REVIEWING KEY CONCEPTS 1. Explain the differences between the terms in each of these pairs: a. statistics b . macroeconomics c. positive economics economic model microeconomics normative economics 2. Why do economists often choose to present statistics in charts. tables, or graphs? 3. Create a simple model to explain how you decide how much time to study and how much time to unwind each evening. You may use words, charts or graphs or equations. 4. Think of an example of a macroeconomic issue that affects an individual person, family or business and explain its effect. 5. Explain the value of statistics and other data to positive economics and to normative economics.
Which of the following represents a business unit that shows rapid growth but poor profit margins? A Star B Cash cow C Problem child D Loss leader
Liam would receive 8,000 every year for six years. The rate of interest is 8% What would be the present value of the amount that would be received by Liam at the end of six years? C 38,000.00 37,500.00 37,200.00 37,040.00
What term refers to the degree to which consumers believe that a company is willing and able to deliver on its promises to satisfy consumer needs and wants? Corporate Credibility Customer understanding Customer appreciation
Flywell Airlines will pay a 4 dividend next year on its common stock, which is currently selling at 100 per share. What is the market's required return on this investment if the dividend is expected to grow at 5% forever? A 4 percent. B 5 percent. C 7 percent. D 9 percent.
You are a producer who is hoping to create a specific good. Based on what you have learned about resources and scarcity, what ; factors do you need to consider when producing this good? Give your answer in the form of three to four complete sentences. square
7. In which stage of the culture change continuum are meals served family-style? Staff-directed Staff-centered Person-centered Industry-directed
If the value of the principal today is 12,000 and the interest rate is 10.5% what is the total compounding contribution at the end of two years? 100.56 132.30 450.50 125.25
The risk management committee must meet at least monthly. A True B False
There is asymmetric information in the used-car market because $\square $ $\square $ cannot distinguish between lemons and plums buyers
Which part of the change management process asks how the project will align with the organization's current mission and strategy? Plan for the change Scope of the change Purpose of the change Change implementation
Most insurance companies today use a pricing scheme called __ community rating, where the price of insurance differs for every firm experience rating, where the price of insurance equals the cost of providing coverage based on the medical history of the firm's employees community rating, where the price of insurance equals the cost of providing coverage based on the medical history of the firm's employees IDONT KNOWYET
Costs that will differ between alternative courses of action and influence the outcome of a decision are called unavoidable costs. product costs. sunk costs. relevant costs.
__ is defined as all of the activities concerned with obtaining money and using it effectively. Long-term financing Budgeting Financial management Accounting
True or False: Based on the fact that both Velvet Brew and Crimson Bean increased production from the initial cartel quantity, you know that the output effect was larger than the price effect at that quantity. True False
What is considered a "credit" to your checking account? Using your debit card Paying bills online Writing a check Making a deposit
Which of the following is a common cause of plumbing-related accidents and injuries? A. Proper safety planning B. Failure to lockout/tagout devices C. Disabling a safety device D. Lack of training
How many units would there have to be in an apartment building to make it necessary for the owner to hire an onsite resident manager? 20 or more units 18 or more units 16 or more units 14 or more units
Porter's four generic strategies for achieving competitive advantage are: cost focus. consumer differentiation. focused differentiation. differentiation. cost leadership.
