MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDA, Exams of Nursing

Download MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDA and more Exams Nursing in PDF only on Docsity! MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ Assessment 1 Question 1 1 out of 1 points The higher the interest rate: Selected Answer: Correct B. the smaller the present value of a future amount. Correct Answer: Correct B. the smaller the present value of a future amount. Question 2 1 out of 1 points If the interest rate is 10 percent and cash flows are $1,000 at the end of year one and $2,000 at the end of year two, then the present value of these cash flows is: Selected Answer: Correct A. $2,562. Correct Answer: MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ Correct B. will refuse to purchase the good. Question 7 1 out of 1 points Basic principles that comprise good management include: Selected Answer: Correct D. All of the statements associated with this question are correct. Correct Answer: Correct D. All of the statements associated with this question are correct. Question 8 0 out of 1 points The opportunity cost of an action is the: Selected Answer: Incorrect C. cost of all alternative actions that could have been taken. Correct Answer: Correct B. value of the most highly valued alternative action given up. Question 9 1 out of 1 points Suppose total benefits and total costs are given by B(Y) = 150Y - 10Y2 and C(Y) = 5Y2. What level of Y will yield the maximum net benefits? MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ Selected Answer: Correct C. 5 Correct Answer: Correct C. 5 Question 10 0 out of 1 points Which of the following is the incorrect statement? Selected Answer: Incorrect B. dB(Q)/dQ = MB. Correct Answer: Correct C. The slope of the net benefit curve is vertical where MB = MC. Tuesday, August 29, 2017 3:03:44 PM MDT MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ Which of the following can explain an increase in the demand for housing in retirement communities? Selected Answer: Correct B. An increase in the population of the elderly. Correct Answer: Correct B. An increase in the population of the elderly. MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ Correct C. lead to a decrease in demand for B. Question 6 1 out of 1 points MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ Question 7 1 out of 1 points Suppose the demand for good X is given by Qdx = 10 + axPx + ayPy + aMM. If ay is positive, then: Selected Answer: Correct D. goods y and x are substitutes. Correct Answer: Correct D. goods y and x are substitutes. Question 8 1 out of 1 points Suppose the demand for good X is given by Qdx = 10 - 2Px + Py + M. The price of good X is $1, the price of good Y is $10, and income is $100. Given these prices and income, how much of good X will be purchased? Selected Answer: Correct D. None of the statements associated with this question are correct. Correct Answer: Correct D. None of the statements associated with this question are correct. Question 9 1 out of 1 points MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ the good. Correct Answer: Correct A. changes in the quantity supplied of the good. Question 10 1 out of 1 points If a shortage exists in a market, the natural tendency is for: Selected Answer: Correct B. price to increase. Correct Answer: Correct B. price to increase. Tuesday, August 29, 2017 3:15:08 PM MDT MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ Changes in the price of a good lead to: Selected Answer: Correct A. changes in the quantity supplied of MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ Correct A. less than zero. Correct Answer: Correct A. less than zero. Question 6 1 out of 1 points For a steel factory, a decrease in the cost of electricity to the plant will cause the supply curve to: Selected Answer: Correct C. shift to the right. Correct Answer: MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ Correct C. shift to the right. Question 7 1 out of 1 points Suppose market demand and supply are given by Qd = 100 - 2P and QS = 5 + 3P. If a price floor of $30 is set, what will be size of the resulting surplus? Selected Answer: Correct D. 55. Correct Answer: Correct D. 55. Question 8 1 out of 1 points Suppose that supply increases and demand decreases. What effect will this have on price and quantity? Selected Answer: Correct D. None of the statements associated with this question are correct. Correct Answer: MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ Correct D. None of the statements associated with this question are correct. Question 9 1 out of 1 points Suppose the demand for X is given by Qxd = 100 - 2PX + 4PY + 10M + 2A, where PX represents the price of good X, PY is the price of good Y, M is income and A is the amount of advertising on good X. Based on this information, we know that good Y is Selected Answer: Correct A. a substitute for good X. Correct Answer: Correct A. a substitute for good X. Question 10 0 out of 1 points Suppose the demand for X is given by Qxd = 100 - 2PX + 4PY + 10M + 2A, where PX represents the price of good X, PY is the price of good Y, M is income and A is the amount of advertising on good X. Good X is Selected Answer: Incorrect D. a complement. Correct Answer: Correct B. a normal good. MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ Correct C. infinite. Answers: zero. one. Correct C. infinite. D. unknown. Question 4 1 out of 1 points Which of the following factors would NOT affect the own price elasticity of a good? Selected Answer: Correct B. Price of an input Answers: A. Time MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ Demand is perfectly elastic when the absolute value of the own price elasticity of demand is: Selected Answer: Correct B. Price of an input C. Available substitutes MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ We would expect the demand for jeans to be: Selected Answer: Correct A. more elastic than the demand for clothing. Answers: Correct A. more elastic than the demand for clothing. B. less elastic than the demand for clothing. C. the same as the demand for clothing. MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ D. Expenditure share Question 5 1 out of 1 points MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ D. neither more elastic, less elastic, nor the same elasticity as that of the demand for clothing. Question 6 1 out of 1 points The elasticity which shows the responsiveness of the demand for a good due to changes in the price of a related good is the: Selected Answer: Correct D. cross- price elasticity. Answers: A. own price elasticity. B. income elasticity. C. log-linear elasticity. Correct D. cross- price elasticity. Question 7 1 out of 1 points The demand for video recorders has been estimated to be Qv = 134 - 1.07Pf + 46Pm - 2.1Pv - 5I, where Qv is the quantity of video recorders, Pf denotes the price of video recorder film, Pm is the price of attending a MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ Correct B. demand is inelastic at low prices. C. demand is unitary elastic at low prices. D. the elasticity is constant at all prices. Question 10 0 out of 1 points A firm derives revenue from two sources: goods X and Y. Annual revenues from good X and Y are $10,000 and $20,000, respectively. If the price elasticity of demand for good X is -4.0 and the cross-price elasticity of demand between Y and X is 2.0, then a 2 percent decrease in the price of X will: Selected Answer: Incorrect A. increase total revenues from X and Y by $520. Answers: A. increase total revenues from X and Y by $520. Correct B. decrease total revenues from X and Y by $200. C. leave total revenues from X and Y unchanged. D. decrease total revenues for X and Y by $600. MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ Question 1 0 out of 1 points The elasticity of variable G with respect to variable S is defined as: Answers: Correct A. the percentage change in variable G that results from a given percentage change in variable S B. the percentage change in variable G that results from a given change in variable S. C. the change in variable G that results from a given percentage change in variable S. D. the change in variable G that results from a given change in variable S. Question 2 1 out of 1 points A study has estimated the effect of changes in interest rates and consumer confidence on the demand for money to be: ln M = 14.666 + .021 ln C - 0.036 ln r, where M denotes real money balances, C is an index of consumer confidence, and r is the interest rate paid on bank deposits. Based on this study we know that the interest elasticity is: MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ C. very elastic. Correct D. very inelastic. Question 3 MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ Answers: A. unitary. B. zero. MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ D. None of the statements is correct. Question 7 0 out of 1 points When the own price elasticity of good X is -3.5, then total revenue can be increased by: Answers: A. increasing the price. B. decreasing the quantity supplied. Correct C. decreasing the price. D. neither increasing the price, decreasing the price, nor decreasing the quantity supplied. Question 8 MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ 0 out of 1 points When the price of sugar was "low," consumers in the United States spent a total of $3 billion annually on its consumption. When the price doubled, consumer expenditures actually INCREASED to $4 billion annually. This indicates that: Answers: A. the demand for sugar is elastic. B. the demand curve for sugar is upward sloping. C. sugar is a Giffen good. Correct D. None of the statements is correct. Question 9 1 out of 1 points As we move up along a linear demand curve, the price elasticity of demand becomes more: Answers: Correct A. elastic. B. inelastic. C. log-linear. D. variable . Question 10 MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ Answers: inferior goods. complements. inelastic. Correct D. substitutes. Monday, September 4, 2017 5:17:32 PM MDT Assessment 4 Question 1 0 out of 1 points Suppose a consumer with an income of $100 is faced with Px = 1 MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ 0 out of 1 points If the cross-price elasticity between goods X and Y is positive, we know the goods are: and Py = 1/2. What is the market rate of substitution between good X (horizontal axis) and good Y (vertical axis)? MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ A. Indifference curves may intersect. B. At a point of consumer equilibrium, the MRS always equals 1. C. If income increases, a consumer will always consume more of a good. Correct D. None of the statements is correct. Question 4 1 out of 1 points The affordable bundle that yields the greatest satisfaction to the consumer is: Selected Answer: Correct B. the equilibrium consumption bundle. Answers: A. the maximum bundle. Correct B. the equilibrium consumption bundle. C. the allowable purchasing bundle. D. the most popular bundle. Question 5 0 out of 1 points An increase in the price of good X will have what effect on the budget line on a normal X-Y graph? Selected Answer: MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ B. An increase in the vertical intercept Correct C. A decrease in the horizontal intercept D. A parallel inward shift of the line Question 6 0 out of 1 points MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ Incorrect D. A parallel inward shift of the line Answers: A. A parallel outward shift of the line MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ A = C. Answers: A = B, B = C, A = C. A > B, B > C, A > C. Correct C. A > B, B > C, C > A. D. None of the statements violates the transitivity property. Question 7 0 out of 1 points The idea that a consumer is limited to selecting a bundle of goods that is affordable is captured by the: Selected Answer: Incorrect B. indifference curve. Answers: Correct A. budget constraint. MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ Which of the following cases violates the property of transitivity? Selected Answer: Incorrect A. A = B, B = C, B. indifference curve. C. consumer equilibrium. MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ A. market rate of indifference. B. indifference curve. Correct C. marginal rate of substitution. D. consumer preference. Tuesday, September 12, 2017 10:44:48 PM MDT Assessmen t 4 Question 1 1 out of 1 points Indifference curves further from the origin imply: Selected Answer: Correct A. a higher level of satisfaction. Answers: Correct A. a higher level of satisfaction. B. a lower level of satisfaction. C. the same level of satisfaction as any other curve. D. None of the statements is correct. Question 2 1 out of 1 points MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ Correct B. complements. Answers: A. substitutes. Correct B. complements. C. normal goods. D. inferior goods. Question 3 1 out of 1 points A cash gift causes the budget line to: Selected Answer: Correct A. shift to the right in a parallel fashion. Answers: MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ If an increase in the price of good X leads to a decrease in the consumption of good Y, then goods X and Y are called Selected Answer: Correct A. shift to the right in a parallel fashion. B. shift to the left in a parallel fashion. C. rotate clockwise. MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ Suppose a consumer with an income of $100 is faced with Px = 1 and Py = 1/2. What is the market rate of substitution between good X (horizontal axis) and good Y (vertical axis)? Selected Answer: Correct C. - 2.0 MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ D. None of the statements is correct. Question 4 1 out of 1 points MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ The idea that a consumer is limited to selecting a bundle of goods that is affordable is captured by the: Selected Answer: Incorrect D. price changes. Answers: Correct A. budget constraint. B. indifference curve. C. consumer equilibrium. MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ D. None of the statements violates the transitivity property. Question 8 0 out of 1 points MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ 0 out of 1 points Given that income is $200 and the price of good Y is $40, what is the vertical intercept of the budget line? Selected Answer: Incorrect B. 20 Answers: A. 8,000 B. 20 C. 1/5 Correct D. 5 Question 10 MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ D. price changes. Question 9 0 out of 1 points If a consumer's income decreases, what will happen to the budget line? Selected Answer: MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ Incorrect C. It will become flatter. Answers: A. It will shift outward. B. It will become steeper. C. It will become flatter. Correct D. It will shift inward. Saturday, September 30, 2017 7:01:40 PM MDT Assessmen t 5 Question 1 1 out of 1 points Suppose the marginal product of labor is 8 and the marginal product of capital is 2. If the wage rate is $4 and the price of capital is $2, then in order to minimize costs the firm should use: Answers: A. more capital and less labor Correct B. more labor and less capital. MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ 0 out of 1 points Which of the following conditions is true when a producer minimizes the cost of producing a given level of output? Answers: A. The MRTS is equal to the ratio of input prices. B. The marginal product per dollar spent on all inputs is equal. C. The marginal products of all inputs are equal. Correct D. The MRTS is equal to the ratio of input prices, and the marginal product per dollar spent on all inputs is equal. Question 6 0 out of 1 points The change in total output attributable to the last unit of an input is the: Answers: A. total product. B. average product. Correct C. marginal product. D. marginal return. Question 7 MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ 0 out of 1 points Costs that are forever lost after they have been paid are: Answers: A. production costs. B. fixed costs. Correct C. sunk costs. D. variable costs. Question 8 0 out of 1 points Which curve(s) does the marginal cost curve intersect at the (their) minimum point? MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+ Answers: A. Average total cost curve B. Average fixed cost curve C. Average variable cost curve Correct D. Average total cost curve and average variable cost curve Question 9 0 out of 1 points When marginal cost curve is below an average cost curve, average cost is: Answers: A. increasing with output Correct B. declining with output. C. not varying with output. D. None of the statements is correct. Question 10 0 out of 1 points Economies of scale exist whenever long-run average costs: Answers: MGMT 504 Assessment 1 & 2 & 3 Exam Q& As BEST EXAM SOLUTION GUARANTEED SUCCESS LATEST UPDATE 2023 GRADED A+