...Chapter 01 Limits, Alternatives, and Choice Multiple Choice [QUESTION] 1. Economics is a social science that studies how individuals, institutions, and society may: A) Expand the amount of productive resources available to them B) Attain a minimum level of unemployment C) Best use scarce resources to achieve the maximum satisfaction of economic wants D) Reduce the prices of goods and services to consumers Answer: C Topic: The Economic Perspective Difficulty: 2 Medium Learning Objective: 01-01 Bloom’s: Level 1 Remember AACSB: Analytic [QUESTION] 2. The key economic concept that serves as the basis for the study of economics is: A) Inflation B) Unemployment C) Money D) Scarcity Answer: D Topic: The Economic Perspective Difficulty: 2 Medium Learning Objective: 01-01 Bloom’s: Level 1 Remember AACSB: Analytic [QUESTION] 3. A recurring theme in economics is that people: A) Have unlimited resources, but limited economic wants B) Can increase resources by limiting their economic wants C) Have limited economic wants and limited resources D) Have unlimited economic wants, but limited resources Answer: D Topic: The Economic Perspective Difficulty: 1 Easy Learning Objective: 01-01 Bloom’s: Level 1 Remember AACSB: Analytic [QUESTION] 4. As a consequence of the problem of scarcity: A) There is never enough of anything B) Individuals have to make choices from among alternatives C) Production has to be planned by government D) Things which...
Words: 727 - Pages: 3
...users of accounting information rather than external users. True False | 4. | A controller is normally involved with preparing financial statements. True False | 5. | The upper limit on the production of goods and services if everything works perfectly is known as practical capacity. True False | 6. | Which of the following statements about managerial accountants is false? A. | Managerial accountants more and more are considered "business partners." | B. | Managerial accountants often are part of cross-functional teams. | C. | An increasing number of organizations are segregating managerial accountants in separate managerial-accounting departments. | D. | In a number of companies, managerial accountants make significant business decisions and resolve operating problems. | E. | The role of managerial accountants has changed considerably over the past decade. | | 7. | The day-to-day work of management teams will typically comprise all of the following activities except: A. | decision making. | B. | planning. | C. | cost minimizing. | D. | directing operational activities. | E. | controlling. | | 8. | Which of the following functions is best described as choosing among available alternatives? A. | Decision making. | B. | Planning. | C. | Directing operational activities. | D. | Controlling. | E. | Budgeting. | | 9. | Which of the following managerial functions involves...
Words: 10780 - Pages: 44
...AB3601 STRATEGIC MANAGEMENT Course Outline Semester 1 of the Academic Year 2015-2016 Course Coordinator: Assoc Prof Tsui-Auch Lai Si Course Instructor for Groups 2, 5 and 5: Wan Chew Yoong Office: S3-1C-80 Tel: 67905651 email: acywan@ntu.edu.sg Course Description and Objective The Strategic Management Course focuses on identifying and understanding the sources of superior firm performance. This course introduces theoretical concepts and frameworks useful for analyzing the external and internal environment of the firm, and guiding the formulation and execution of different types of strategies. Strategic issues are examined from the perspective of a chief executive or general manager, focusing on how one can formulate effective strategies and develop the necessary resources and capabilities to achieve sustainable competitive advantage in a global and volatile competitive environment. Learning Goals At the end of this Course, students should be able to: synthesize information to recognize the external opportunities and threats as well as the internal strengths and weaknesses that impact a firm’s competitive advantage. critically evaluate how a business, corporate and/or international strategy would lead to sustainable competitive advantage. analyze complex and dynamic interdependencies among strategic issues. identify ethical issues and exhibit informed ethical judgment when faced with an ethical decision. Learning and Teaching Methods This course is structured...
Words: 4166 - Pages: 17
...I NVESTMENT SCI ENCE I NVESTMENT SCI ENCE DA YID G. LUENBERGER STANFORD UNIVERSITY New York Oxford OXFORD UNIVERSITY PRESS 1998 OXFORD UNIVERSITY PRESS Oxford New York Auckland Bangkok Bogota Bombay Buenos Aires Cnlcutta Cape Town Dar es Salaam Delhi Florence Hong Kong Istanbul Karachi Athens Kuala Lumpur Mexico City Madras Nairobi Mndrid Paris Melbourne Singapore Taipei Tokyo Toronto F \--1& ljS1S,'L (Jml aHociated compallies ill Berlin Jbndon ' LE 4 /3 en where that last expression is valid in the limit as In goes to infinity, cOllesponding to continuous compounding Hence continuous compounding leads to the familiar expo~ nential growth CUlve Such a curve is shown in FigUle 2 2 for a 10% nominal interest late Debt We have examined how a single investment (say a bank deposit) glows over time due to intelest compounding It should be clem that exactly the same thing happens 10 debt It I bonoll' money from the biwk at an intelest rate 1 and make no payments to the bank, then my debt increases accOJding to the same formulas Specifically, if my debt is compounded monthly, then after k months my debt will have grown by a factor of [I + (I /12) l' 21 14 12 10 PRINCIPAL AND INTEREST 17 FIGURE 2.2 Expollential growth curve; cOllfinuous compoUlld growth, Under conl;nuotls compounding at 1D'X" the value of $1 doubles in abotll 7 yems In 20 yems it grows by a factor of ilbotll B !5 ~ 4 0...
Words: 24917 - Pages: 100
...01 Chapter - Overview of Marketing Chapter 01 Overview of Marketing True / False Questions 1. Google, Facebook and YouTube are all innovative, and each company has succeeded because it provided value to its customers. True False 2. Marketing is an activity that only large firms with specialized departments can use. True False 3. Good marketing is not a random activity. True False 4. Understanding a market's needs and wants is fundamental to marketing success. True False 5. Marketers would prefer to sell their products and services to everyone but it is not practical to do so. True False 6. The four Ps include persistence, promotion, presence, and performance. True False 7. Thoughts, opinions, philosophies and intellectual concepts fit the concepts of neither goods nor services, and they cannot really be marketed. True False 1-1 Chapter 01 - Overview of Marketing 8. The goals of marketing promotion are youth, style, and sex appeal. True False 9. The group of firms that makes and delivers a given set of goods and services is known as a supply chain. True False 10. Value is what you get for what you give. True False 11. In co-creation, the customer is involved as a collaborator in the creation of a product or service, which provides additional value to the customer. True False 12. Value-based marketing supports developing long-term customer loyalty. True False 13. During the past decade or so, marketers have begun to realize that they need to think about their customer orientation...
Words: 17701 - Pages: 71
...CHAPTER 1 The importance of understanding consumer behaviour CHAPTER CONTENTS Introduction Defining Consumer Behaviour Consumer Behaviour in Context Consumer Behaviour and the Marketing Mix Consumers and Relationship Marketing Consumers and Marketing Planning Antecedents of Consumer Behaviour Neuroscience Psychology Sociology Summary Key points Review questions Case study revisited: Pizza Case study: Center Parcs Further reading References LEARNING OBJECTIVES After reading this chapter you should be able to: Explain how the study of consumer behaviour has evolved. Show how consumer behaviour relates to marketing decision-making. Explain why relationships are harder to establish in business-to-consumer situations than in business-to-business situations. Describe the scope and nature of psychology and sociology. Describe the scope and nature of anthropology. Describe the relationship of economics with the study of consumer behaviour. Explain the role of exchange in improving people’s welfare. Explain how the terms ‘luxury’ and ‘necessity’ relate to consumer behaviour. Introduction Customer Someone who makes the decision to buy a product 01-Blythe-Ch-01-Part-1.indd 3 Every day we buy things. We exchange our money for goods and services, for our own use and for the use of our families: we choose things we think will meet our needs on a day-to-day basis, and we occasionally make buying decisions which will affect our lives for ...
Words: 11342 - Pages: 46
...CHAPTER 9 Hypothesis Tests CONTENTS 9.4 POPULATION MEAN: σ UNKNOWN One-Tailed Test Two-Tailed Test Summary and Practical Advice 9.5 POPULATION PROPORTION Summary 9.6 HYPOTHESIS TESTING AND DECISION MAKING 9.7 CALCULATING THE PROBABILITY OF TYPE II ERRORS 9.8 DETERMINING THE SAMPLE SIZE FOR A HYPOTHESIS TEST ABOUT A POPULATION MEAN STATISTICS IN PRACTICE: JOHN MORRELL & COMPANY 9.1 DEVELOPING NULL AND ALTERNATIVE HYPOTHESES The Alternative Hypothesis as a Research Hypothesis The Null Hypothesis as an Assumption to Be Challenged Summary of Forms for Null and Alternative Hypotheses 9.2 TYPE I AND TYPE II ERRORS 9.3 POPULATION MEAN: σ KNOWN One-Tailed Test Two-Tailed Test Summary and Practical Advice Relationship Between Interval Estimation and Hypothesis Testing 349 Statistics in Practice STATISTICS in PRACTICE JOHN MORRELL & COMPANY* CINCINNATI, OHIO John Morrell & Company, which began in England in 1827, is considered the oldest continuously operating meat manufacturer in the United States. It is a wholly owned and independently managed subsidiary of Smithfield Foods, Smithfield, Virginia. John Morrell & Company offers an extensive product line of processed meats and fresh pork to consumers under 13 regional brands including John Morrell, E-Z-Cut, Tobin’s First Prize, Dinner Bell, Hunter, Kretschmar, Rath, Rodeo, Shenson, Farmers Hickory Brand, Iowa Quality, and Peyton’s. Each regional brand enjoys high brand recognition and loyalty among consumers. Market...
Words: 29095 - Pages: 117
...Kozminski International Business School MODULE HANDBOOK Management in Context GRADUATE PROGRAMS Academic Year: 2015 - 2016 Module Tutor: Kaja Prystupa-Rządca © Kozminski University 2015 str. 1 Kozminski University Management in context MODULE MANUAL ACADEMIC YEAR: 2015-2016 CONTENTS Page 1. Module Staff 3 2. Teaching and Learning Strategy 4 3. Recommended Readings 4 4. Module Assessment 4 5. Length 6 6. Structure of essay 7 7. How to start writing your essay 8 8. Grading 8 str. 2 1. Module Staff Office: Internal (direct) phone: E-mail: Office hours: str. 3 Room C/15 22 519 -21-65 kmprystupa@kozminski.edu.pl Please see current information on www.alk.edu.pl 2. Teaching and Learning Strategy Class Organization Please see detailed timetable below: dates may differ depending on which group you are attending – you will receive specific timetable with dates on the first day of class). Attendance and Participation As a general policy, I do not accept latecomers in this class. People who are more than 5 minutes late for the class will not be allowed to participate in the course. 3. Recommended Readings Several copies of “Organizational Behaviour and Management” by D. Knights and H. Willmott are available in the library. This book is an excellent companion to this course and should be also helpful in preparing your final assignment (Essay). It may also be a useful supplementary...
Words: 2845 - Pages: 12
...Eiteman-2 US CHAPTERS 31/7/07 4:01 PM Page 39 International Trade Finance The purpose of this chapter is to explain how international trade—exports and imports—is financed. The contents are of direct practical relevance to both domestic firms that merely import and export and to multinational firms that trade with related and unrelated entities. The chapter begins by explaining the types of trade relationships that exist. Next we explain the trade dilemma: exporters want to be paid before they export and importers do not want to pay until they receive the goods. The next section explains the benefits of the current international trade protocols. This discussion is followed by a section describing the elements of a trade transaction and the various documents that are used to facilitate the trade’s completion and financing. The next section identifies international trade risks; namely, currency risk and noncompletion risk. The following sections describe the key trade documents, including letters of credit, drafts, and bills of lading. The next section summarizes the documentation of a typical trade transaction. This section is followed by a description of government programs to help finance exports, including export credit insurance and specialized banks such as the Export-Import Bank of the United States. Next, we compare the various types of short-term receivables financing and then the use of forfaiting and countertrade for longer term transactions. The mini-case...
Words: 15834 - Pages: 64
...GOVT 2301 American Government: National, State, and Local I HCCS Southwest College Spring 2012 Sections: CRN 81371, 81372 Campus: Stafford Professor: Larry J. Gonzalez, PhD Room: W114 E-mail: Larry.Gonzalez@hccs.edu Voice: 713.718.6998 Purpose of the Course: Government 2301 is one of two courses designed to introduce students to the study of government in the United States at the national, state, and local levels. This particular survey of the American system of government includes a study of the fundamental principles of political science, the study of the national and state constitutions, methods of participation, and analyzes contemporary policies. This course is fully transferable to all Texas State colleges and universities. Required Texts: O’Connor, Karen, Larry J. Sabato, Alixandra. 2011. American Government: Roots and Reform, Texas Edition. Pearson Education. Paperback Edition/ISBN-13: 978-1-256-28850-3; ISBN-10:1-256-28850-0 Recommended: Study Guides are available on-line to accompany the required texts. Students are also encouraged to follow current political events by reading newspapers and following media news reports. Please refer to instructor’s Learning Web page. Student Notification Statements: 1. Advising and Counseling Services Advising can be accomplished by contacting the Student Associate at 713-718-6879, selection 2, and on-site advising at other HCC locations upon request. Confidential sessions with education counselors...
Words: 1634 - Pages: 7
...Chapter 01 The Changing Role of Managerial Accounting in a Dynamic Business Environment Chapter 01 The Changing Role of Managerial Accounting in a Dynamic Business Environment Answer Key True / False Questions 1. Controlling involves the coordination of daily business functions within an organization. FALSE AACSB: Reflective Thinking AICPA BB: Industry AICPA FN: Decision Making Bloom's: RC Difficulty: Easy Learning Objective: 01-02 Explain four fundamental management processes that help organizations attain their goals. 2. Measuring the performance of managers and subunits is not an objective of managerial accounting. FALSE AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Research Bloom's: RC Difficulty: Easy Learning Objective: 01-03 List and describe five objectives of managerial accounting activity. 3. Middle-level managers would likely be considered internal users of accounting information rather than external users. TRUE AACSB: Reflective Thinking AICPA BB: Resource Management AICPA FN: Reporting Bloom's: RC Difficulty: Easy Learning Objective: 01-04 Explain the major differences between managerial and financial accounting. 4. A controller is normally involved with preparing financial statements. TRUE AACSB: Analytic AICPA BB: Resource Management AICPA FN: Reporting Bloom's: RC Difficulty: Medium Learning Objective: 01-06 Describe the roles of an organization's chief financial...
Words: 6709 - Pages: 27
...Chapter I A. Background of the Study It is said that electronics gadgets modifies the world. It is now the most acquired by many. This will show the true power of electronically gadgets. We group of researchers wants to prove that it can also help in the field of studies, we came up with this topic because we see that students are dependent to their gadgets, we want to show the effectiveness and efficiency of its work when it comes to students, and to clarify the real implications to college folks. “Electronic gadgets are the instruments which can perform many activities at a time with vast speed & makes the hard work efficient one.” Some of them are in following figure, there are many ‘Electronic gadgets’, which we are using in day days life such as computer, T.V., mobile, I-pod, pen drive, etc. available easily. These instruments helps us by making easy paper work, entertaining, for communication etc. But not to limit only this, these instruments are proved useful in almost every industry. Electronic gadgets operate many machines, ships, aero planes, and industrial activities. Also they are used to identify conditions for the performance of any works. (Agrawal, S.(n.d.). The Influence of Electronic Gadgets in Student Life. Retrieved from http://writing.wikinut.com/) According to Cynthia Roberson (n.d.), teaching and learning nowadays is really difficult for both teachers and students. Teachers expect more to their students and students also expects more to learn...
Words: 868 - Pages: 4
...Color profile: Disabled Composite Default screen BaseTech / Principles of Computer Security: CompTIA Security+™ and Beyond / Wm. Arthur Conklin / 619-8 / Chapter 2 2 General Security Concepts “The only real security that a man can have in this world is a reserve of knowledge, experience and ability.” —HENRY FORD In this chapter, you will learn how to ■ Define basic terms associated with computer and information security ■ Identify the basic approaches to computer and information security ■ Distinguish among various methods to implement access controls ■ Describe methods used to verify the identity and authenticity of an individual ■ Describe methods used to conduct social engineering ■ Recognize some of the basic models used to implement security in operating systems 20 P:\010Comp\BaseTech\619-8\ch02.vp Wednesday, November 09, 2011 2:01:20 PM I n Chapter 1, you learned about some of the various threats that we, as security professionals, face on a daily basis. In this chapter, you start exploring the field of computer security. Color profile: Disabled Composite Default screen BaseTech / Principles of Computer Security: CompTIA Security+™ and Beyond / Wm. Arthur Conklin / 619-8 / Chapter 2 ■ Basic Security Terminology The term hacking has been used frequently in the media. A hacker was once considered an individual who understood the technical aspects of computer operating systems...
Words: 16889 - Pages: 68
...Chapter 01 The Changing Role of Managerial Accounting in a Dynamic Business Environment True / False Questions 1. Controlling involves the coordination of daily business functions within an organization. True False 2. Measuring the performance of managers and subunits is not an objective of managerial accounting. True False 3. Middle-level managers would likely be considered internal users of accounting information rather than external users. True False 4. A controller is normally involved with preparing financial statements. True False 5. The upper limit on the production of goods and services if everything works perfectly is known as practical capacity. True False Multiple Choice Questions 6. Which of the following statements about managerial accountants is false? A. Managerial accountants more and more are considered "business partners." B. Managerial accountants often are part of cross-functional teams. C. An increasing number of organizations are segregating managerial accountants in separate managerial-accounting departments. D. In a number of companies, managerial accountants make significant business decisions and resolve operating problems. E. The role of managerial accountants has changed considerably over the past decade. 7. The day-to-day work of management teams will typically comprise all of the following activities except: A. decision making. B. planning...
Words: 10329 - Pages: 42
...Practice Exam Two (5,6,19,11,12) Student: ___________________________________________________________________________ 1. The Katrina disaster in New Orleans decreased the ability of oil companies to purify crude oil into gasoline. This caused: A. the supply curve for gasoline to shift inward. B. the supply curve for gasoline to shift outward. C. the quantity of gasoline demanded to move out along the demand curve. D. the quantity of gasoline supplied to move in along the supply curve. 2. Suppose the price of tomatoes dramatically increases. Which of the following could cause this change? A. Hurricanes during the late summer damages the Florida crop, shifting supply left B. A reduction in tariffs of tomatoes from Central American, shifting supply right C. A news report stating that a pesticide used on tomatoes might cause cancer, shifting the demand to the right D. Advertising for catsup increases demand for catsup, shifting the demand curve to the left 3. An increase in price and decrease in quantity are consistent with a: A. leftward shift in demand and no shift in supply. B. leftward shift in supply and no shift in demand. C. rightward shift in supply and a rightward shift in demand. D. rightward shift in supply and a leftward shift in demand. 4. An increase in quantity and an indeterminate change in price are consistent with a: A. leftward shift in demand and supply. B. rightward shift in supply and demand. C. rightward shift in supply, keeping...
Words: 11789 - Pages: 48
