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
How can you use the total revenue test to determine elasticity? You know a product is elastic if the price decreases as the total revenue goes down. You know a product is inelastic if the price increases as the total revenue goes down. You know a product is inelastic if the price decreases as the total revenue goes up. You know a product is elastic if the price increases as the total revenue goes down.
Collins believes that business and ethics are contradictory. Good ethics is antithetical with good management True False
Which of the following rating errors occurs when a manager gives low ratings to all employees by holding them to an unreasonably high standard? A severity error A halo error A leniency error A horns error
Which of the principles of AICPA Code of Conduct is most related artilce 5 of the California Accountancy Act? Responsibilities Due care The public interest Objectivity and independence Integrity Scope and nature of services
Multiple Select Question Select all that apply What are examples of economic factors that can help or hinder business? Taxation Contract enforcement Competition
Find the balance of a savings plan after 36 months assuming an APR of $10\% $ (compounded monthly) and monthly deposits of $\$ 105.$ $\$ 4,387.09$ $\$ 4,297.26$ $\$ 4,413.90$ $\$ 4,256.88$ None of the above.
Which is the better buy? 6-pack of envelopes for $\$ 0.36$ 9-pack of envelopes for $\$ 1.08$
Ten years after purchasing $\$ 8,000$ worth of shares in a mutual fund, you sell the shares for $\$ 6,850$ (at a loss). Find the annual return (to the nearest hundredth of a percent) on your investment. $-1.44\% \% $ $-1.54\% \% $ $-1.24\% \% $ $-1.89\% \% $ None of the above.
After all postings have been made the totals of the balances in the accounts receivable subsidiary ledger should equal the balance of the Accounts Receivable account in the general ledger. True or False True False
Which management approach was the first major approach to focus on informal work relationships and employee salisfaction? Bureaucracy Administrative management Scientific management Human relations
