1. The x100 learning outcomes are directly linked to: A) The Kelley learning goals 2. The x100 learning outcomes are directly linked to the Kelly Learning goals: TRUE 3. A part made in South Korea for Honda car built in Greenburg, IN is not in the USA’s GDP: TRUE! (GDP only in country it is made it) 4. Which is not in the USA GDP? Anything not made in the United States 5. Climate created the difference in economies: FALSE- Productivity 6. The macro economy of the future is a global economy- TRUE 7. Comparing the price of like items in different countries is known as validating equality- FALSE: purchasing price parity 8. Moe’s office is BU 650: FALSE- BU 231 9. Prime rate is the interest rate the Federal Reserve charges to commercial member banks: FALSE- discount rate…prime rate is rate banks lend best customers- lowest rate 10. Creating a strong economy start with government policies: FALSE-you 11. Moe’s cell phone should not be called after 10pm- TRUE 12. Borrowing stocks in hope prices will decrease is short selling: TRUE 13. Prices are higher when demand is greater than supply: TRUE 14. Most economies are free enterprises: FALSE- mixed economies 15. Winking is an unacceptable gesture in Germany: FALSE- Japan 16. High interest high risk bonds are called junk bonds: TRUE 17. There will be 4 attendance checks this semester: FALSE- 5 18. In communism, demand is ignored, they make only what the government wants to make: TRUE 19. Layoffs are higher in an economic expansion: False- economic contraction- recession 20. A fundamental business principle is to get high returns, you have to take high risks: TRUE 21. Insider Trading is releasing false data to the news media to make stock prices increase: FALSE- Laddering 22. In a recession unemployment typically goes down: FALSE- unemployment rises 23. Multiplier effect is when one thing happens in the economy it leads to other changes:TRUE 24. According to class discussion, the primary goal of a business is to make a profit: FALSE- satisfy a customers needs better than others 25. The price at which both the seller and buy are satisfied is the balanced price: FALSE equilibrium price 26. A (CCC) rated bond is worse rating than a C rated bond: FALSE- AAA,AA,A,BBB,BB,B,CCC,CC,C 27. Calling a broker and telling them to purchase 100 shares of P&G now is a discretionary stock order: FALSE- market order 28. Short term business focus has a weakening effect on the economy: TRUE 29. The highest risk to a company that expands into a new market, would be investing assets into the new market: TRUE- best would be to start with exporting into a new market 30. Balance of payment is the flow of goods in and out of a country: FALSE- balance of money, goods is balance of trade 31. The right to own property is one of the 4 fundamental rights in a free enterprise system: TRUE, right to make a profit is also one 32. A secured loan is an arrangement where a bank agrees in advance to lend a specified amount of money to a company: FALSE, line of credit 33. A company that buys goods in one country and sells in another is a Licensing Agent: FALSE, trading company 34. The GDP per capita is the GDP divided by the population: TRUE… productivity per person 35. Current ratio is the current assents divided by the current liabilities: TRUE >1 36. A budget deficit is a country spending more than it take in taxes: TRUE 37. Off-shoring is shipping work to a foreign country: TRUE 38. When thousands of people go on line to make a product better or solve a problem better out of passion, this is called open sourcing: TRUE 39. International companies always have higher stock prices: FALSE- international has nothing to do with price 40. The GDP adjusted for unemployment is new GDP: FALSE- adjusted for inflation 41. An example of pure competition is shoe repair locations in Bloomington: FALSE- fast food, lots of small businesses 42. According to the book, “ The Knowing Doing Gap” people who point out negative issues are perceived as poor leaders: FALSE- Smarter 43. Organizational designs of the future need to allow more time for supervisors to teach: TRUE 44. According to the book, “ The Great Reset” when an economic crisis clears the way for a new system to form, this is knows as creative destruction: TRUE