Premium Essay

Exam Version 1

In:

Submitted By mikepishaki
Words 1883
Pages 8
Edgar A. Ghossoub ECO2013
Fall 2011
Exam I Version A:
Duration: 75 minutes.
You must use a SCANTRON answer sheet to record your responses and you may use a simple basic calculator.
You may not keep this test when you are finished.
1. If the GDP is $20,000 and investment spending is $8000, consumer spending is $9000 and net export is $1000. What is the Government Spending for this period? a. $10000
b. $8000
c. $2000
d. $‐10,000
Ans: C
2. If the Value of the dollar depreciates against the Euro:
a. Imports from Europe would stay the same
b. Imports from Europe would increase
c. Imports from Europe will fall and Exports to Europe will increase
d. Export to Europe would decrease
Ans: C
3. GDP2010 = $50 Million , GDP2011 = $100 Million, P2010 = $10 and P2011 = $5
Calculate RGDP2011 using prices in 2010 as base year.
a. 200 million
b. 100 million
c. 25 million
d. not enough information
Ans: A
4. The labor Force consists of
a. all in the working age group
b. those actively seeking work
c. Those who are working
d. Both b & c
Edgar A. Ghossoub ECO2013
Fall 2011
Ans: D
5. Suppose #Unemployed = 60, Working age group = 1200. Calculate the unemployment rate?
a. 5%
b. 25.5%
c. can not be determined
d. 8%
Ans: C
6. Suppose Employed = 50, # of Unemployed = 20, size of working age
Population = 200, what is the Labor Force Participation Rate (LFPR)?
a. Can not be determined
b. 25%
c. 35%
d. 10%
Ans: C
7. Cyclical Unemployment:
a. Changes with the business cycle
b. Increases with recession
c. Decreases with expansion
d. All of the above.
ANS: D
8. The CPI
a. overstates the true change in the price level
b. Understates the true change in the price level
c. overstates the change in retail sales
d. Non of the Above.
ANS: A
9. If the CPI based inflation is given as 8% then the true inflation is:
a. Between 7% ‐ 7.5%
b. Between

Similar Documents

Premium Essay

Principles of Accounting Ii Exam 1 -2010 Version

...Principles of Accounting II Exam 1 -2010 Version 1-16. Decentralization refers to:  A. reporting for the company as a whole. B. focusing reporting on parts of the company. C. the delegation of decision-making authority throughout an organization. D. differences in organizations. 2-21. Dorra Corporation manufactures lawnmowers in five work stations. Dorra's weekly demand is 5,000 mowers but Dorra can only produce 4,200. According to the theory of constraints, to increase production output Dorra would benefit the most by concentrating improvement efforts on the:  A. first work station. B. last work station. C. largest work station. D. fastest work station. E. slowest work station.  3-23. One of the steps in the lean thinking model is to organize work arrangements around the flow of the business process. This is often accomplished by:  A. automating the business process. B. implementing an enterprise system. C. instituting a six sigma program. D. creating a manufacturing cell. 4-18. Managerial accounting:  A. has its primary emphasis on the future. B. is required by regulatory bodies such as the SEC. C. focuses on the organization as a whole, rather than on the organization's segments. D. Responses a, b, and c are all correct. 5-20. Which of the following IS a characteristic of financial accounting?  A. not mandatory B. must follow GAAP C. emphasis on relevance of data, rather than precision D. both A and C above 6-21. The corporate controller's...

Words: 2941 - Pages: 12

Premium Essay

Mewm Mewne

...Direction: MULTIPLE CHOICE: Select the letter of the correct answer and write it on a 1 whole sheet yellow paper. Avoid erasures as much as possible. Submit the yellow paper during the midterm exam (Monday, 11am-12:00noon, Rm STC601) Note: 1. This quiz is good for 2 major quizzes for midterms since it comprises the entire topics for midterms. Numbers 1-30 is the first part and #31-60 is the second part. So answer the questions carefully. 2. Reproduction of this paper (printing and photocopying) is strictly prohibited. Sanctions shall be given to anybody that will be caught under the discretion of the teacher. 1. The purpose of the Rizal Law is to: a. teach the duties of citizenship b. develop moral character, personal discipline, and civic consciousness c. use the unexpurgated version of the novel (English, Filipino and other dialects) d. All of the above 2. What R.A. no. was enacted by the Congress of the Philippines that required all schools, colleges, and universities to study the Life, Works, and Writings of Jose Rizal particula Direction: MULTIPLE CHOICE: Select the letter of the correct answer and write it on a 1 whole sheet yellow paper. Avoid erasures as much as possible. Submit the yellow paper during the midterm exam (Monday, 11am-12:00noon, Rm STC601) Note: 1. This quiz is good for 2 major quizzes for midterms since it comprises the entire topics for midterms. Numbers 1-30 is the first part and #31-60 is the second part. So answer the questions carefully...

Words: 17184 - Pages: 69

Free Essay

Paper

...Statistics) Instructor: Maynard Midterm VERSION CODE: B Fall, 2015 Duration: 120 minutes Aids Allowed: One two-sided handwritten 4 by 6 inch index card formula sheet. Only simple calculators without programming and scientific functions allowed as determined by the exam proctors. No other electronic devises permitted. Answer all questions. • Multiple choice questions should be answered on the Computer Answer Sheet. All other questions must include all work on the exam. No credit without work. • Identify yourself (name and student number) on the Computer Answer Sheet by filling in the circles. • Sign your exam, initial each page, and keep your student ID out on the desk in front of you. • Use only an HB or soft pencil to completely darken the appropriate choice on the answer sheet. • With the sole exception of simple, non-programable, non-scientific calculators, use of electronic devices is not permitted. Determination of which calculators are permitted is at the sole discretion of the exam proctors. Please turn off your cell-phone and all other electronic devices, placing these together with any personal items at the front of the room. • You cannot leave the room during the exam without explicit permission from the proctor. • The total marks are provided on the back of your exam. Your grade on the exam will be based on the percentage of correct marks. • Hand in your entire exam together with your computer sheet at the end of the exam. Do not hesitate to raise your hand...

Words: 2443 - Pages: 10

Free Essay

Aapm

...role in an organization Analyze payroll's relationship with the finance, human resources and information technology departments in an organization Participate in continuous improvement strategies through benchmarking and the application of best practices Identify the processes required for evaluating, implementing and maintaining new payroll systems Participate in the development of payroll employees through the use of cascading objectives, job design, professional development, succession planning and performance measurement Develop personal and professional career plans Demonstrate self-management using effective time and stress management strategies © The Canadian Payroll Association – Applied Payroll Management – Version 10.0 1 Applied Payroll Management (APM) Online Learning Course Outline Student Weekly Schedule: For each specific topic, students should:     Read the...

Words: 1121 - Pages: 5

Premium Essay

Mgs 4000

...4000 VERSION 1.1 MGS 4000 Managerial Decision Making: Fall 2015 INSTRUCTOR: Dr. Sangbum Ro- Managerial Science Department RCB, 10th Floor, Room 1029 sro@gsu.edu (*indicate class code in the subject line) Office Phone: 404-413-7526 CLASS INFORMATION: MGS 4000-015 (Corresponding CRN 87347) Wed, 4:30 – 7:00 pm CLASSROOM: Aderhold Learning Center (Adhold) 212 OFFICE HOURS: Th: 1:30 pm – 4:30 pm or by appointment (email) 1 MGS 4000 VERSION 1.1 TENTATIVE COURSE SCHEDULE *Note: Schedules may change during the semester. In case of change, students will be notified in advance via email. Please check your email before coming to the class. Assignments Due (All Assignments Due By 2:00 PM) Content Covered In Class Date 8/26 - Read The Syllabus - Course Overview - Introduction to Managerial Decision Making 9/2 - Article: Fox (2015, HBR course pack) - Judgement Heuristics “From Economic Man” to Behavioral - Common Biases I Economics” - Class discussion: Bill’s decision - Article: Hammond et al. (1998, HBR - Class exercise: 10 estimations course pack) “The Hidden Traps of Decision - Video: “Predictably Irrational” Making” - Video: “Basic human motivation”Dan Ariely at TED 9/9 - Article: Bazerman & Chugh (2006, HBR - Common Biases II course pack) “Decisions Without Blinders” • Bounded awareness - Article: Hayashi (HBR course pack) “When • Framing of problems to Trust Your Gut” • Emotional influence on - Assignment 1 due: exercise...

Words: 2305 - Pages: 10

Premium Essay

Gggg

...as and a-level business Get help and support Visit our website for information, guidance, support and resources at aqa.org.uk/7132 You can talk directly to the Business subject team E: business-studies@aqa.org.uk T: 01483 477 863 AS (7131) A-level (7132) Specifications For teaching from September 2015 onwards For AS exams in May/June 2016 onwards For A-level exams in May/June 2017 onwards Version 1.0 19 August 2014 aqa.org.uk G00395 Copyright © 2014 AQA and its licensors. All rights reserved. AQA retains the copyright on all its publications, including the specifications. However, schools and colleges registered with AQA are permitted to copy material from these specifications for their own internal use. AQA Education (AQA) is a registered charity (number 1073334) and a company limited by guarantee registered in England and Wales (company number 3644723). Our registered address is AQA, Devas Street, Manchester M15 6EX. AS Business (7131) and A-level Business (7132). AS exams May/June 2016 onwards. A-level exams May/June 2017 onwards. Version 1.0 Contents 1 Introduction 5 1.1 Why choose AQA for AS and A-level Business 1.2 Support and resources to help you teach 2 Specification at a glance 2.1 Subject content 2.2 AS 2.3 A-level 5 6 8 8 8 9 3 Subject content 10 Strategic decision making (A-level only) 3.1 What is business? 3.2 Managers, leadership and decision making 3.3 Decision making...

Words: 8644 - Pages: 35

Premium Essay

Accouts

...Document  Version:  2015         THE MUD ACADEMY   AN EDUCATED APPROACH TO MAKEUP MUD  Academy  Student  Catalogue   1         Document  Version:  2013           OUR STORY Make-Up Designory was founded in 1997 by accomplished professional make-up artisans who shared the goal of bringing excellence to make-up education. The school's founders sought to offer an unparalleled education, put students first, and create an [educational] institution that would support the needs of the makeup industry. By 2000, the company had developed a full range color line. Since the line was developed primarily for professionals, the products were created with care – keeping quality in mind. Make-Up Designory brings together high quality cosmetics, education, and passionate make-up artists to create brilliant products for both professional and everyday use. This versatile brand is the ultimate leader in make-up education, and an integral part of the make-up cosmetics world. MUD  Academy  Student  Catalogue   2         Document  Version:  2015         PROGRAMS Mastering the art of beauty make-up is an essential skill for any makeup artist, no matter what medium or industry he or she chooses. These courses are designed to emphasize the skills and attention to detail required for beauty make-up application for film, high-definition...

Words: 1794 - Pages: 8

Free Essay

James 23 James

...1. Which of the following mechanisms are used to regulate blood pressure in the closed circulatory system of vertebrates? a. b. c. d. e. changing the force of heart contraction constricting and relaxing sphincters in the walls of arterioles adjusting the volume of blood contained in the veins all of the above none of the above 2. If you experimentally increase the concentration of K+ inside a cell while maintaining other ion concentrations as they were, what would happen to the cell's membrane potential? a. b. c. d. e. The membrane potential would become more negative. The membrane potential would become less negative. The membrane potential would remain the same. all of the above none of the above 3. Motor neurons release the neurotransmitter acetylcholine (Ach). What would you expect to happen if the acetylcholine is released in high concentrations and is not properly degraded after it binds the receptor on the postsynaptic membrane? a. b. c. d. e. paralysis of muscle tissue gradual loss of resting potential convulsions due to constant muscle stimulation decrease in the frequency of action potentials no effect 4. Compared to human eyes, the eyes of cephalopods (squid and octopus) ________. a. b. c. d. are extremely similar, with no significant differences are not camera eyes and do not have a single lens are inferior because they have few photoreceptors have an adaptive advantage because they do not have a blind spot e. none of the above Bio 253 Spring 2010 Exam...

Words: 2315 - Pages: 10

Free Essay

Bpp Catelogue

...MULTIMEDIA LEARNING MATERIALS FROM THE EXPERTS PRODUCT CATALOGUE JANUARY 2012–JUNE 2012 BPP Learning Media has been producing high quality study materials for more than 30 years. We are the publisher of choice for students, tuition providers, companies and professional bodies in more than 150 countries worldwide. Using the expertise of our specialist authors and tutors, we have developed a range of innovative study aids in a variety of formats including web delivery, audio-visual products, CD-ROMs and books. Our products are designed to support a variety of different learning styles, ensuring all students make the most of their study time and successfully achieve their learning outcomes. This catalogue is your comprehensive guide to the qualifications we publish for and the learning materials we offer in support of those qualifications, together with our UK and overseas stockists directory. CONNECT WITH US bpp.com/learningmedia twitter.com/bpplm LinkedIn: BPP Learning Media Clients contents 04 ABoUt Us WhaT’s neW aT 12 BPP LeaRning MeDia 14 insTiTUTe OF LeaDeRshiP anD ManageMenT (iLM) 15 MeDiCaL seRies assOCiaTiOn OF BUsiness exeCUTives (aBe) 16 a BRanD neW 17 aPPROaCh a neW iDenTiTY 17 a neW PROPOsiTiOn 18 inFORMaTiOn FOR BOOKseLLeRs 20 WhOLesaLe ORDeRs 23 BeCOMe a sTOCKisT TUiTiOn PROviDeRs 24 TeRMs anD COnDiTiOns OF saLe RegiOnaL saLes ManageRs 24 CUsTOMeR seRviCes PRinTeD 25 PRODUCTs 26 sTUDY TexTs PRaCTiCe & RevisiOn KiTs 27 PassCaRDs 28 eLeCTROniC PRODUCTs...

Words: 28023 - Pages: 113

Free Essay

Law 531 Entire Course

...activitymode.com/product/law-531-entire-course/ Contact us at: SUPPORT@ACTIVITYMODE.COM LAW 531 ENTIRE COURSE LAW-531 Final Exam Three Sets LAW-531-Week-1-Assignment-ADR-Clause-for-Learning-Team-Charter LAW-531-Week-1-DQs LAW-531-Week-2-Assignment-Business-Regulation-Simulation-VERSION-1 LAW-531-Week-2-Assignment-Business-Regulation-Simulation-VERSION-2 LAW-531-Week-2-Assignment-Recognizing-and-Minimizing-Tort-and-Regulatory-Risk LAW-531-Week-2-DQs LAW-531-Week-3-Assignment-Recognizing-Contract-Risk-and-Opportunities LAW-531-Week-3-DQs LAW-531-Week-4-Assignment-Legal-Risk-and-Opportunity-in-Employment LAW-531-Week-4-DQs LAW-531-Week-5-DQs LAW-531-Week-5-Risk-Arising-in-Tangible-Property-and-Intellectual-Property LAW-531-Week-6-Assignment-Corporate-Compliance-Plan LAW-531-Week-6-DQs Activity mode aims to provide quality study notes and tutorials to the students of LAW 531 ENTIRE COURSE in order to ace their studies. LAW 531 ENTIRE COURSE To purchase this visit here: http://www.activitymode.com/product/law-531-entire-course/ Contact us at: SUPPORT@ACTIVITYMODE.COM LAW 531 ENTIRE COURSE LAW-531 Final Exam Three Sets LAW-531-Week-1-Assignment-ADR-Clause-for-Learning-Team-Charter LAW-531-Week-1-DQs LAW-531-Week-2-Assignment-Business-Regulation-Simulation-VERSION-1 LAW-531-Week-2-Assignment-Business-Regulation-Simulation-VERSION-2 LAW-531-Week-2-Assignment-Recognizing-and-Minimizing-Tort-and-Regulatory-Risk LAW-531-Week-2-DQs LAW-531-Week-3-Assignment-Recognizing-Contract-Risk-and-Opportunities ...

Words: 517 - Pages: 3

Premium Essay

Qbus5001

...Merewether Building(H04), The University of Sydney NSW 2006 Email: boris.choy@sydney.edu.au Phone: 0293512787 Consultation Hours: Mondays 2pm-3pm at Room 482, H04 Class Day(s): Thursdays 6pm-9pm at Merewether Lecture Room 5, H04 Required Text / Resources: 1. Textbook: Selvanathan E.A., Selvanathan, S & Keller, G. (2011) Business Statistics, Australia & New Zealand 5th Edition. CENGAGE Learning. www.cengage.com.au/selvanathan5e 2. Online resources: Blackboard and Aplia 3. Software: MS Excel with Data Analysis Plus add-in This Guide to Unit Learning Content and Assessment MUST be read in conjunction with the Business School Student Administration Manual for information about all processes (sydney.edu.au/business/currentstudents/student_information/student_administration_manual) and the Business School unit of study common policy and implementation information that apply to every unit of study offered by the Business School (http://sydney.edu.au/business/currentstudents/policy). In determining applications and appeals relating to these matters it will be assumed that every student has taken the time to familiarise themselves with these key policies and procedures. Version: 2013 Business School 1 BUSINESS SCHOOL 1. Unit of study information This unit highlights the importance of statistical methods and tools for today's managers and analysts, and demonstrates how to apply these methods to business problems using real-world data. The quantitative skills that students...

Words: 3798 - Pages: 16

Free Essay

Test

...Other times by appointment. Instructor:  Dr. Xiaochuan (Kelly) Huang Office address:  361 Alston Hall E-mail address:  xhuang8@cba.ua.edu  Phone number:  348-0577 Office hours:  TR 1:00pm – 1:45pm & TR 3:30pm – 4:45pm. Other times by appointment. Instructor:  Kelsey Brasel  Office address:  329 Bidgood Hall E-mail address:  krbrasel@crimson.ua.edu  Phone number:  348-0150 Office hours:  TR 11:00am – 12:15pm. Other times by appointment. Instructor: Amanda Beck Office address:  329 Bidgood Hall E-mail address:  aebeck@cba.ua.edu  Phone number: 348-0150 Office hours: MW 2:00pm - 3:15pm. Other times by appointment. Required text:  Phillips, Libby, and Libby, Fundamentals of Financial Accounting, 3rd edition, 2011, McGraw-Hill Irwin, hardcopy or loose-leaf option.  Also, you will need a Pass Code for Connect, the online homework program that accompanies the text. A Pass Code for the online homework is only valid for one semester so you cannot purchase a used version of the Pass Code. Choose any combination of the following options: ISBN 0077617096 Best value: Loose-leaf Binder Ready text with Connect Plus code (e-book included) ISBN 0077269632 Connect Pass Code alone (no e-book included), if purchase used textbook in either hardcopy or loose-leaf version. ISBN 0077269659 Connect Plus Pass...

Words: 3835 - Pages: 16

Premium Essay

Finance Syllabus

...Principles of Finance FIN 3403 Sections 1-9 Spring 2013 Instructor Information: Scott Besley Office Hours: MW 2:30 – 4:00 p.m. Office: BSN 3134 Voice: 974-6341 E-mail: sbesley@usf.edu Course web page: http://sbesley.myweb.usf.edu/FIN3403/home.html Course Description: This is an introductory course in managerial finance in which you should attain a clear, basic understanding of the essentials of financial decision making. Emphasis is given to the underlying principles of corporate finance and their effects on the decision-making framework faced by financial managers who are charged with maximizing shareholders’ wealth. In essence the course covers topics related to financing and investment decisions—that is, how to raise funds and where to invest funds. The focus of the course is to provide an understanding of the basic tools and techniques required to make informed decisions about which assets a firm should purchase and how such purchases should be financed. When you finish this course, you should understand (1) the general framework for financial decision making, (2) the role of financial decision making in maximizing the value of a firm, (3) in general, how to determine the value of an asset and whether it should be purchased, (4) what is meant by the risk/return tradeoff and how risk and return affect investment decisions, and (5) how external factors, such as financial markets, affect financial decisions made by the firm. You will find that much of the information...

Words: 5904 - Pages: 24

Free Essay

Ogc - Itilv4

...ITIL® Service Management Practices V Qualifications Scheme  ITIL Service Management Practices Contents 1. Scope and purpose of document 1.1. Synopsis 1.2. Suggested reading 2. ITIL Overview 2.1. What is ITIL? 2.2. What does ‘official scheme’ mean? 2.3. Who is involved in the official scheme? 3. About OGC 4. About APM Group 5. About the ITIL Qualifications Board 5.1. Functions 5.2. Working practices 6. About Examination Institutes (EIs) 7. About Accredited Training Organizations 7.1. About ATO Affiliates 8. About the ITIL user forum 9. About ITIL V3 Examinations 9.1. Overview 9.1.1. Syllabuses 9.1.2. Examination questions 9.1.3. Examination format 10. The ITIL V3 Qualifications Scheme 10.1. Overview 10.2. Design 10.3. Scheme Structure 10.4. Foundation level 10.4.1. Target Group 10.4.2. Format of the ITIL Foundation Certificate in IT Service Management Exam 10.5. Intermediate Level 10.5.1. Target Group 10.5.2. Service Lifecycle Modules 10.5.3. Service Capability modules 10.6. Managing Across the Lifecycle 10.6.1. Format of the Managing Across the Lifecycle Module 3 3 3 3 3 3 3 3 6 6 6 6 7 7 7 7 8 8 8 8 8 8 8 8 8 9 9 9 9 9 10 10 11 11 10.7. ITIL Expert in IT Service Management Certification 10.8. ITIL Master Level (In Development) 11. V3 Qualifications Scheme Credit System 11.1. Credit values 11.2. Pre-requisites 11.2.1. Foundation level 11.2.2. Service Lifecycle Modules 11.2.3. Service Capability Modules 11.2.4. Managing Across the Lifecycle Module 11.2.5. ITIL Master...

Words: 11021 - Pages: 45

Premium Essay

Syllabus

...TROY UNIVERSITY eTROY IS2241 Section XTIC Computer Concepts and Applications COURSE SYLLABUS Term 1, 2014 August 11 – October 12 INSTRUCTOR INFORMATION: onn Dr. Joe Teng Troy University Chair, Information Systems and Quantitative Methods Office Location/Hours: Mailing Address: via email; within 24 238B Bibb Graves Hall Troy University Troy, Alabama 36082 Office: 334-670-3195 office jteng@troy.edu Dr. Joe Teng Troy University Chair, Information Systems and Quantitative Methods 334-670-3195 jteng@troy.edu Telephone: E-Mail: Troy Department Chair: The syllabus for this class includes the TROY Department Chair contact information for Dr. Teng. This is provided in the event you cannot resolve a situation with me, your instructor. PLEASE do not contact (e-mail or phone) Dr. Teng with a question, problem, or concern unless you have first contacted me and you have not received a response from me within 24-48 hours, or if you do not agree with my response. Thank you for your help in this matter. Students: Please place IS 2241 XTIC in the subject line of any emails sent to me. NOTE: For a course syllabus posted prior to the beginning of the term, the instructor reserves the right to make minor changes prior to or during the term. The instructor will notify students, via email or Blackboard announcement, when changes are made in the requirements and/or grading of the course. INSTRUCTOR EDUCATION: Ph.D., Management Information Systems. The University of Memphis, Memphis, Tennessee...

Words: 5096 - Pages: 21