Archives: Quiz
Chapter 11 A math teacher asked her students to solve
Exam Name___________________________________ SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. Provide an appropriate response. 1) Explain the steps involved in solving an equation of the form ax – b = c. 1) […]
Chapter 4 Tammy installed a set of wind chimes in her backyard
d. Dina’s actions gave Sandy a negative externality. e. Dina’s and Sandy’s actions did not create any externalities. 166. If it costs $2,000 to pick up the litter along a highway, then the cost of the externality is: a. $0. […]
Chapter 10 It is the starting place on the number line
Exam Name___________________________________ SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. Provide an appropriate response. 1) What is the additive inverse of 0? 1) 2) If x is positive and y is negative, […]
Chapter 4 Suppose Price Floor Set The Government
100. Suppose a price floor is set by the government above the market equilibrium price. Which of the following will result? a. There will be a surplus. b. The quantity demanded will exceed the quantity supplied. c. The demand curve […]
Chapter 9 Answers Will Vary Possible Answer No Terms
Exam Name___________________________________ SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. Provide an appropriate response. 1) Explain why a triangle cannot have a right angle and an obtuse angle. 1) 2) Explain how […]
Chapter 4 what would be the effect on the equilibrium price and quantity
Chapter 4 Part 1—Markets in Action MULTIPLE CHOICE 1. If the demand for a good decreased, what would be the effect on the equilibrium price and quantity? a. Price would increase, and quantity would decrease. b. Price would decrease, and […]
Chapter 8 Give an example where you would need to perform two
Exam Name___________________________________ SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. Provide an appropriate response. 1) Explain in your own words how the meter, liter, and gram are related. 1) 2) Would a […]
Chapter 3 an increase in the price of gasoline will decrease
44. Which of the graphs in Exhibit 3-13 illustrates a surplus exists at the indicated market price? a. Diagram A. c. Diagram C. b. Diagram B. d. Diagrams A and C. 45. Which of the graphs in Exhibit 3-13 illustrates […]
Chapter 7 Exam Name Short Answer Write The Word
Exam Name___________________________________ SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. Construct a bar graph to represent the given data. 1) The following table shows the number of male infants born at Hospital […]
Chapter 3 If a shortage of a product currently exists in the market
Chapter 3 Part 2—Market Demand and Supply MULTIPLE CHOICE 1. If a shortage of a product currently exists in the market, a. the market price is too high. b. the quantity demanded is less than the quantity supplied. c. the […]
Chapter 6 Her Card requires Minimum Payment The Total Balance
Exam Name___________________________________ SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. Provide an appropriate response. 1) Roberto is an employee of a store and receives 20% discount off all items in the store. […]
Chapter 3 The supply schedule shows the specific quantity of a good
KEY: Bloom’s: Comprehension 177. The law of supply states that: a. there is a negative relationship between the price of a good and the quantity of it purchased by suppliers. b. there is a positive relationship between the price of […]
Chapter 5 what information would this give us
Exam Name___________________________________ SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. Provide an appropriate response. 1) Is the best buy (lowest cost per unit) always the best value? Give an example when this […]
Chapter 3 cause the demand curve for a good to shift to the right
d. A rise in buyers’ incomes (assuming large automobiles to be a normal good). 98. If consumer incomes go up and Harley Davidson motorcycles are a normal good, the effect on the demand for motorcycles, ceteris paribus, will be a(n): […]
Chapter 4 When converting from a decimal to a fraction
Exam Name___________________________________ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. Answer the question. 1) Which number is larger? 1) A) 0.096 B) 96 100 2) Which number is larger? 2) A) 317.00099 B) […]
Chapter 3 Consumers buy less of a good as its price increases because
Chapter 3 Part 1—Market Demand and Supply MULTIPLE CHOICE 1. In economics, the demand for a good refers to the amount of the good people: a. would like to have if the good were free. b. are willing to buy […]
Chapter 3 Tell what you would do if you added the fraction
Exam Name___________________________________ SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. Provide an appropriate response. 1) Explain, in your own words, the least common multiple of two numbers. 1) 2) Tell what you […]
Chapter 3 a fall in the price of Coca-Cola will increase the quantity
Chapter 3 Part 2—Market Demand and Supply TRUE/FALSE 1. According to the law of demand, if the price of a good increases, other things being equal, the quantity demanded will decrease. 2. Demand curves slope downward to the right. ANS: […]
Chapter 3 Which of the following will not cause a movement along the supply
c. illustrates the negative relationship between price and quantity supplied. d. illustrates the positive relationship between price and quantity supplied. e. shifts about in random fashion. 181. When economists say the quantity supplied of a product has increased, they mean […]
Chapter 2 Do you agree with the following statement
Exam Name___________________________________ SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. Provide an appropriate response. 1) Do you agree with the following statement? “If the numerator of a fraction is prime and the […]
Chapter 3 If the demand for a good increases when the price of another
TOP: Nonprice Determinants of Demand KEY: Bloom’s: Comprehension 109. If good X is an inferior good, a decrease in consumer income, other things being equal, will shift the: a. demand curve for good X to the right. c. supply curve […]
Chapter 1 You go to the bank to cash three checks
Exam Name___________________________________ SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. Provide an appropriate response. 1) The expression 8 + (4 ÷ 2) contains parentheses. Are they necessary? Explain. 1) 2) Explain in […]
Chapter 3 the demand for a good refers to the amount of the good people
Chapter 3 Part 1—Market Demand and Supply MULTIPLE CHOICE 1. In economics, the demand for a good refers to the amount of the good people: a. would like to have if the good were free. b. are willing to buy […]
Chapter 2 Robinson Crusoe’s decision to produce more capital goods
c. their production possibilities curves are positively sloped, unlike those in more developed economies. d. they must cut back their already meager consumption levels to increase capital production. e. the opportunity cost of shifting resources from consumption goods to capital […]
Chapter 2 Analysis Production Possibilities Curves Indicates That
Exhibit 2-6 Production possibilities curve data A B C D E F Capital goods 150 140 120 90 50 0 Consumer goods 0 20 40 60 80 100 97. In Exhibit 2-6, the concept of increasing opportunity costs is represented […]
Chapter 2 What happens when you add to or subtract from a current situation
Chapter 2—Production Possibilities, Opportunity Cost, and Economic Growth MULTIPLE CHOICE 1. Which of the following is not one of the three fundamental economic questions? a. What happens when you add to or subtract from a current situation? b. For whom […]
Chapter 2 Suppose an economy is faced with the production
a. Z to W. c. W to X. b. W to Y. d. X to Y. 102. Movement along this production possibilities curve shown in Exhibit 2-9 indicates: a. that labor is not equally productive or homogeneous (nonhomogeneous). b. decreasing […]
Comprehensive Exam-qb Attach the following documents and reports
Sales Receipt 7: Cash Customer, $72.30 Bill Credit: Cards Co., $5.00 Payment Receipt: Helen Newman, $137.54 Sales Order 4: Hector Gomez, $862.36 Invoice 17: Hector Gomez, $862.36 Invoice 18: Jill Rhodes, $446.89 Credit Memo 19: Jill Rhodes, $18.33 Check 18: […]
Chapter 2 Which of the following correctly lists the three fundamental
Chapter 2—Production Possibilities, Opportunity Cost, and Economic Growth MULTIPLE CHOICE 1. Which of the following correctly lists the three fundamental economic questions? a. If to produce? Why to produce? When to produce? b. If to produce? What to produce? How […]
Comprehensive Exam-qb Sold a textbook on account to Helen Newman
use the Cost of Goods Sold account without it); Preferred Vendor: Cards Co. (Main Phone: 626-555-7234, Fax: 626-555-4327, 1234 Linda Vista Avenue, Pasadena, CA 91103, Payment Terms: 2 % 10 Net 30; Credit Limit: $1,000); Tax Code: Tax; Income Account: […]
Chapter 1 When economists use the term Ceteris paribus
c. They lose, because the gain of the passengers must necessarily come at the expense of the airline. d. They benefit as long as the additional revenue from the passengers exceeds the marginal cost. 89. If an airline company has […]
Comprehensive Exam-23 Equalization Memo Text books Deposit Checking
Trans # Type Date Num Adj Name Memo Account Debit Credit 108 Invoice 02/01/2013 16 Newman, Helen A ccounts Receivable 140.35 Newman, Helen Textbooks Book Sales 129.95 Newman, Helen Textbooks Inventory Asset 50.00 Newman, Helen Textbooks Cost of Goods Sold […]
Chapter 1 Economics The Study Scarcity And Choice key Blooms
Chapter 1—Introducing the Economic Way of Thinking MULTIPLE CHOICE 1. Which of the following illustrates the concept of scarcity? a. a. There is usually more than one use of your “free” time in the evening. b. More clean air is […]
Comprehensive Exam-22 Your Name’s Capitol Books Customer Balance Detail
Type Date Num Account Amount Balance Complete Training, Inc. 0.00 Invoice 01/01/2013 A ccounts Receivable 1,400.00 1,400.00 Invoice 01/02/2013 1 A ccounts Receivable 3,078.00 4,478.00 Total Complete Training, Inc. 12,306.33 12,306.33 Gomez, Hecto r 0.00 Invoice 01/05/2013 4 A ccounts […]
Chapter 1 To abstract from reality in an economic model means that
83. An economic model is: a. a plastic scaled version of the economy. b. a complete depiction of reality. c. an abstraction from reality. d. applicable to consumer behavior but not to producer behavior. e. not an accepted tool of […]
Comprehensive Exam-21 Payable Total Supplies Co. Text book Payable Accounts
Type Date Num Account Amount Balance Cards Co. 0.00 Bill 02/03/2013 A ccounts Payable 110.00 110.00 Exotic Pens 0.00 Bill 01/01/2013 A ccounts Payable 500.00 500.00 Bill 01/05/2013 A ccounts Payable 105.00 605.00 Bill Pmt -Check 01/15/2013 2 A ccounts […]
Chapter 1 there are only a limited number of consumers who
Chapter 1—Introducing the Economic Way of Thinking MULTIPLE CHOICE 1. When economists say scarcity, they mean: a. there are only a limited number of consumers who would be interested in purchasing goods. b. the human desire for goods exceeds the […]
Comprehensive Exam-20 Long Term Liabilities Store Equipment & Fixtures Loan
Feb 10, 13 ASSETS Current Assets Checking/Savings Checking 125,334.76 Total Other Current Assets 98,335.75 Total Current Assets 241,229.19 Fixed Assets Store Equipment & Fixtures Depreciation -266.66 Original Cost 18,278.84 Total Store Equipment & Fixtures 18,012.18 Total Fixed Assets 18,012.18 TOTAL […]
Comprehensive Exam-19 Income Cost of Goods Sold Cost of Goods Sold
Feb 1 – 10, 13 Ordinary Income/Expense Income Sales and Services Income Sales Discounts -7.10 Total Income 1,385.09 Cost of Goods Sold Cost of Goods Sold Merchandise Discounts -3.70 Cost of Goods Sold – Othe r 504.11 Total Cost of […]
Comprehensive Exam-18 Receivable Inventory Asset Prepaid Insurance Supplies
Feb 10, 13 Debit Credit Checking 125,334.76 Accounts Receivable 17,558.68 Inventory Asset 95,685.75 Prepaid Insurance 1,100.00 Supplies 1,550.00 First & Last Name, Capital 174,642.96 First & Last Name, Capital:First & Last Name, Investment 75,000.00 First & Last Name, Capital:First & […]
Comprehensive Exam-17 Summary of Deposits to Checking Customer Memo
Summary of Deposits to Checking on 02/10/2013 Chk No. PmtMethod Rcd From Memo Amount Check N ewman, Helen 137.54 Deposit Summary 2/10/2013 9:31 AM Page 1 782 Check Gomez, Hector 862.36 493 Check Rhodes, Jill 424.27 Visa Cash Customer 72.30 […]
Chapter 17 2 In the maturity stage of business development, an entrepreneur
Schermerhorn & Bachrach / Exploring Management, 5th Edition Test Bank 39. A __________ combines the advantages of the sole proprietorship, partnership, and corporation. a) partnership b) limited liability corporation c) proprietorship d) limited liability partnership Ans: b Bloom’s: Knowledge Level: […]
Comprehensive Exam-16 Seven Hundred Seventy-Eight and Street Sacramento
2/10/2013 Your Name’s Capitol Books 1055 Front Street Sacramento, CA 95814 **778.84 Seven Hundred Seventy-Eight and 84/100****************************************************************************** * Sacramento State Bank Sacramento State Bank 102 8th Street Sacramento, CA 95814
Chapter 17 1 Analytic Which The Following Lifecycle Stages Small
Schermerhorn & Bachrach / Exploring Management, 5th Edition Test Bank Test File: Chapter 17: Entrepreneurship and Small Business Multiple Choice 1. A(n) __________ is someone who is willing to pursue opportunities that others see as problems or threats. a) capitalist […]
Comprehensive Exam-15 Your Name’s Capitol Books Reconciliation Detail Master
Type Date Num Name Cl r Amount Balance Beginning Balance 500.00 Cleared Transactions Charges and Cash Advances – 1 item Y our Name’s Capitol Books Reconciliation Detail Master Card, Period Ending 02/10/2013 Page 1 Credit Card Charge 02/03/2013 Supplies Co. […]
Chapter 16 2 which of the following countries is perceived to
Schermerhorn & Bachrach / Exploring Management, 5th Edition Test Bank 38. The Foreign Corrupt Practices Act prevents U.S. firms from: a) paying or offering bribes excess commissions in exchange for favors. b) using sweatshops to produce goods for sale in […]
Comprehensive Exam-13 Number Amount Payment Receipt Your Name’s Capitol
Received From: Gomez, Hector Hector Gomez 478 Front Street Sacramento, CA 95814 Date Received 02/10/2013 Payment Amount $862.36 Payment Method Check Check/Ref. No. 782 Invoices Paid Date Number Amount Applied 02/05/2013 17 -$862.36 Payment Receipt Page 1 Your Name’s Capitol […]
Chapter 16 1 The reasons why businesses go global include all of the following
Schermerhorn & Bachrach / Exploring Management, 5th Edition Test Bank Test File: Chapter 16: Globalization and International Business Multiple Choice 1. __________ is the process of growing interdependence among elements of the global economy. a) Nationalization b) Industrialism c) Globalization […]
Comprehensive Exam-12 Your Name’s Capitol Books Front Street Sacramento
2/8/2013 **102.90 One Hundred Two and 90/100******************************************************************************************** Cards Co. Your Name’s Capitol Books 1055 Front Street Sacramento, CA 95814 2/8/2013 **78.40 Seventy-Eight and 40/100************************************************************************************************* Textbook Co. Textbook Co. 559 4th Street Sacramento, CA 95814 Your Name’s Capitol Books 1055 Front […]
Chapter 15 2 Tight cultures are best defined as cultures in which
Schermerhorn & Bachrach / Exploring Management, 5th Edition Test Bank Level: Easy Learning Objective 2: Understand what we need to know about diversity among global cultures. Section Reference: The “silent” languages of cultures include context, time, and space. AACSB: Diversity […]