Archives: Quiz
978-0133460629 Chapter 02 Part 3
61) The richest 20 percent of individuals in the United States receive about ________ of the nation’s total income. A) 21 percent B) 51 percent C) 91 percent D) 99 percent E) 23 percent Skill: Level 1: Deinition Section: Checkpoint […]
978-0133460629 Chapter 02 Part 2
31) Which factor of production does human capital enhance? i. land ii. labor iii. capital A) i only B) ii only C) iii only D) i and ii E) i, ii, and iii Skill: Level 2: Using deinitions Section: Checkpoint […]
978-0133460629 Chapter 02 Part 1
Foundations of Macroeconomics, 7e (Bade/Parkin) Chapter 2 The U.S. and Global Economies 2.1 What, How, and For Whom? 1) Items that are purchased by individuals for their own enjoyment are called A) consumption goods and services. B) capital goods. C) […]
978-0133460629 Chapter 01 Part 15
15) Graph the data in the table above in the igure. Label the axes. a. Is the relationship between X and Y positive or negative? b. What is the slope when X = 4? c. What is the slope when […]
978-0133460629 Chapter 01 Part 14
5) The igure above shows the price of a DVD player from 1996 to 2000. a. What type of graph is illustrated above? b. What is the trend in the price of a DVD player? Skill: Level 1: Deinition Section: […]
978-0133460629 Chapter 01 Part 13
5) Why does scarcity lead to the what, how, and for whom questions? Skill: Level 1: Deinition Section: Checkpoint 1.1 Status: Old AACSB: Written and oral communication 6) List and explain the three fundamental economic questions that must be answered […]
978-0133460629 Chapter 01 Part 12
13) Wichita is building a convention center and inancing it with revenues raised from a city hotel tax. Local politicians assert that the convention center is essentially free for Wichita residents because out-of-town visitors are paying for it. Someone who […]
978-0133460629 Chapter 01 Part 11
116) Which of the following statements is the best example of the term ceteris paribus? A) An economist holds other factors constant when he examines the relationship between tax rates and tax revenues. B) More money should be spent on […]
978-0133460629 Chapter 01 Part 10
99) In the above igure, which of the igures shows a relationship between x and y with a negative slope? A) Figure A B) Figure B C) Figure C D) Figure D E) Both Figure A and Figure B Skill: […]
978-0133460629 Chapter 01 Part 9
77) A slope is measured as the A) value of the variable measured on the y-axis divided by the value of the variable measured on the x-axis. B) value of the variable measured on the x-axis divided by the value […]
978-0133460629 Chapter 01 Part 8
57) In the diagram above, which igure(s) show(s) an inverse relationship between the variables? A) both B and C B) only B C) both A and C D) only D E) only C Skill: Level 2: Using deinitions Section: Chapter […]
978-0133460629 Chapter 01 Part 7
36) As a person increases his or her caloric intake, the person’s weight increases, ceteris paribus. The relationship between the person’s caloric intake and the person’s weight is an example of A) unrelated variables. B) a positive relationship. C) a […]
978-0133460629 Chapter 01 Part 6
8) Which type of graph is most useful in determining if two variables are correlated? A) time-series B) scatter diagram C) cross-section D) variable-correlation igure E) None of the above answers is correct. Skill: Level 1: Deinition Section: Chapter 1 […]
978-0133460629 Chapter 01 Part 5
61) Which of the following is an example of a normative economic statement? A) Universal access to quality health insurance is the most important domestic policy issue of our time. B) Extending the time in which laid-of workers are eligible […]
978-0133460629 Chapter 01 Part 4
31) Instead of studying for an additional two hours for the economics inal, Leann decides to watch a movie. Leann is making A) a decision that does not involve an opportunity cost. B) a rational decision if her marginal cost […]
978-0133460629 Chapter 01 Part 3
1.2 The Economic Way of Thinking 1) Rational choice A) is a choice that uses the available resources to best achieve the objective of the person making the choice. B) is always eicient. C) is what you must give up […]
978-0133460629 Chapter 01 Part 2
31) When Delta decides to quit lying to Lithuania, it directly answers the ________ question. A) what B) why C) for whom D) how E) when Skill: Level 2: Using deinitions Section: Checkpoint 1.1 Status: Old AACSB: Relective thinking 32) […]
978-0133460629 Chapter 01 Part 1
Foundations of Macroeconomics, 7e (Bade/Parkin) Chapter 1 Getting Started 1.1 Deinition and Questions 1) Scarcity exists because A) human wants exceed the resources available to satisfy them. B) some individuals have low income. C) the costs of production are high. […]
978-0133439274 Chapter 14
Exam Name___________________________________ SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. Answer the question. 1) A couple, both recently graduated engineers, are deciding on some details for their honeymoon. They have looked at […]
978-0133439274 Chapter 13
Exam Name___________________________________ SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. Answer the question. 1) A manufacturing company wants to acquire a new closed circuit TV (CCTV) system. The new CCTV system can […]
978-0133439274 Chapter 12
Exam Name___________________________________ SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. Answer the question. 1) Buffalo Manufacturing is considering purchasing new equipment with an initial cost of $65,000 and zero market value at […]
978-0133439274 Chapter 11
Exam Name___________________________________ SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. Answer the question. 1) Cougar Telemarketing is considering establishing a call center. The initial cost will be $2,750,000 with a $27,500 market […]
978-0133439274 Chapter 10
Exam Name___________________________________ SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. Answer the question. 1) The initial cost of constructing a flood control dam is estimated to be $5 million, with annual upkeep […]
978-0133439274 Chapter 09
Exam Name___________________________________ SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. Answer the question. 1) Razorback Corp. is evaluating whether it should keep its automatic guided vehicle or sell it immediately and purchase […]
978-0133439274 Chapter 08
Exam Name___________________________________ SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. Answer the question. 1) Find the annual worth equivalent in actual–dollars from year 1 to 8 of an investment of $28,000 now, […]
978-0133439274 Chapter 07 Part 3
24) A piece of liquid handling equipment that costs $10,000 has a $3000 salvage value. Using MACRS depreciation with a 3–year recovery period, calculate the accumulated annual depreciation at the end of year 3. 24) Answer: Accumulated depreciation =$9259.00 Explanation: […]
978-0133439274 Chapter 07 Part 2
13) Aggie Research Laboratory purchased a new High Performance Liquid Chromatography (HPLC) unit for $39,000. The unit has a functional life of 5 years and a salvage value of 10% of the purchased price. Using declining balance depreciation at a […]
978-0133439274 Chapter 07 Part 1
Exam Name___________________________________ SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. Answer the question. 1) A laboratory centrifuge costs $79,000 and has a $5530 salvage value with an 8–year recovery period. The estimated […]
978-0133439274 Chapter 06 Part 3
25) HealthRx, a major manufacturer of non–invasive breast and cervical cancer detection products is planning to expand its market in Asia. Three single–patient–use disposable devices based on its proprietary technology to identify cancers and precancers painlessly and noninvasively by scanning […]
978-0133439274 Chapter 06 Part 2
13) A slip sheet manufacturer is considering two machines. An engineer is asked to perform analyses to select the best machine. She prepares the following information for the evaluation. All machines have a useful life of 5 years. If the […]
978-0133439274 Chapter 06 Part 1
Exam Name___________________________________ SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. Answer the question. 1) A major bakery–cafe chain is evaluating whether they should consolidate its two offices into one location when the […]
978-0133439274 Chapter 05 Part 2
17) Shin Satellite Corp. issues 10,000 debenture bonds with a face value of $26,000 each and a bond interest rate of 18% per year payable semiannually. The bonds have a maturity date of 10 years. If the market interest rate […]
978-0133439274 Chapter 05 Part 1
Exam Name___________________________________ SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. Answer the question. 1) As part of a broad effort to invigorate its pipeline and move more aggressively into biotechnology, GoodDrugs Inc. […]
978-0133439274 Chapter 04 Part 2
19) Volunteer Pharmaceuticals (VP) wants to set aside money in the R&D fund to seek supplemental drug applications of its two newly developed drugs. Instead of putting away $780 million now, VP plans to set aside $A each year from […]
978-0133439274 Chapter 04 Part 1
Exam Name___________________________________ SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. Answer the question. 1) A Japanese carmaker plans to expand its production in the United States. The company borrowed $170 million for […]
978-0133423822 Chapter 20 Part 4
44) A futures contract is a specialized form of a forward contract distinguished by an organized exchange which encourages conidence in the futures market by allowing for the efective regulation of trading. Question Status: Previous edition Objective: 20.4 Understand the […]
978-0133423822 Chapter 20 Part 3
10) The price at which the stock or asset may be purchased from (or sold to) the option writer is referred to as A) intrinsic value of the option. B) option premium. C) open interest. D) exercise or striking price. […]
978-0133439274 Chapter 03
Exam Name___________________________________ SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. Answer the question. 1) The cost of standard lithography equipment with a capacity of 170 circuit boards per hour is $5700. If […]
978-0133423822 Chapter 20 Part 2
15) (Business of Life) What guidelines should determine whether or not an individual should buy life insurance? Question Status: Previous edition Objective: 20.2 Understand how insurance contracts can be used to manage risk. Keywords: insurance Principles: Principle 2: There Is […]
978-0133439274 Chapter 02
Exam Name___________________________________ SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. Answer the question. 1) A $38,000 coil winding and unwinding machine is estimated to provide additional value to production by $15 per […]
978-0133423822 Chapter 20 Part 1
Financial Management, 12e (Titman/Keown/Martin) Chapter 20 Corporate Risk Management 20.1 Five-Step Corporate Risk Management Process 1) The major risks assumed by irms include A) demand risk. B) foreign-exchange risk. C) operational risk. D) all of the above. Question Status: Previous […]
978-0133423822 Chapter 19 Part 4
19.3 Capital Budgeting for Direct Foreign Investment 1) Which of the following international business activities constitutes a foreign direct investment? All irms mentioned are U.S. based. A) Yanqui Spirits imports a 1000 cases of rum from the Dominican Republic. B) […]
978-0133439274 Chapter 01
Exam Name___________________________________ SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. Answer the question. 1) Tahiti Manufacturing recently purchased a new machine. The maintenance contractor recommended that this model should receive maintenance every […]
978-0133423822 Chapter 19 Part 3
C) An indirect quote is the exchange rate that indicates the number of units of the home currency required to buy one unit of foreign currency. D) Both B and C. Answer: B Dif: 2 AACSB: 3. Analytic thinking Question […]
978-0133423822 Chapter 19 Part 2
30) Based on the forward rates in table 19.1, the British pound is expected to A) stay the same against the dollar. B) weaken against the dollar. C) luctuate randomly against the dollar. D) strengthen against the dollar. Question Status: […]
978-0133423822 Chapter 19 Part 1
Financial Management, 12e (Titman/Keown/Martin) Chapter 19 International Business Finance 19.1 Foreign Exchange Markets and Currency Exchange Rates 1) Trading in foreign exchange markets is dominated by A) Russian rubles, Indian rupees and Indonesian rupeas. B) Spanish pesetas, German marks, French […]
978-0133423822 Chapter 18 Part 5
49) Lightbulbs.com sells industrial and institutional lighting supplies through its website. It sells directly to businesses and organizations such as universities and hospitals on terms of net 90. To inance its rather large investments in receivables and inventory, the irm […]
978-0133423822 Chapter 18 Part 4
19) Atlas Tire Irons, Inc. is considering borrowing $5,000 for a 3 month period. The irm will repay the $5,000 principal amount plus $150 in interest. What is the annual percentage rate (APR) rate of interest (use a 360-day year)? […]
978-0133423822 Chapter 18 Part 3
6) Abbot Corporation has an average collection period of 49 days, an inventory conversion period of 83 days, and a payables deferral period of 36 days. What is Abbott’s cash conversion cycle? A) 96 days B) 70 days C) 85 […]
978-0133423822 Chapter 18 Part 2
6) A “pop-up” store wants to use vacated space at a shopping mall to sell seasonal merchandise during the months of October, November and December. The rent is $10,000 per month, but the mall’s owners are requiring a payment of […]