Final Exam

multiple choice. answer only      Question 1. This market structure has a lot of competitors selling non-identical goods.A. Perfect competition C. OligopolyB. Monopolistic competition D. Monopoly2. What does a discount rate in the net present value signify?A. Amount of interest earned C. Firm's time and risk preferenceB. Amount needed by the firm D. Rate of firm's growth3. Why does the value of money diminish over time?A. Inflation C. Decrease in consumer informationB. Increase in competition D. Interest rates4. Which disequilibrium profit theory is applicable to businesses with high capitalrequirements?A. Frictional profit theory C. Compensatory profit theoryB. Innovation profit theory D. Monopoly profit theory5. Which of these is NOT part of the three (3) basic economic questions?A. What commodities should be produced?B. How should those commodities be produced?C. Why should the commodities be produced?D. For whom are those commodities produced?6. Which of these…

media economics course   Question #1:   A lot of media regulation is geared towards areas such as content (protecting children) and ownership. Why are these two areas so important, and how do they differ around the globe? Question #2: What is censorship, and why do some governments openly engage in censorship involving the media industries? In what ways will this continue to play a role in media and economics? Question #3: The Internet has raised a number of legal issues since its development. One hot issue in the 21st century is that of net neutrality. What is net neutrality, and what are the two main opposing views on the topic? Where do you stand on the subject of net neutrality? Question #4: What's the role of advertising in today's media economics? What are some policies involving advertising within the media landscape, especially within economics? Question #5: Define content regulation and its role in today's media economics? In what ways will content regulation shape the media…

Topic B Problem: Imagine you have two competing athletes who have the option to use an illegal and/or dangerous drug to enhance their performance (i.e., dope). If neither athlete dopes, then neither gains an advantage. If only one dopes, then that athlete gains a massive advantage over their competitor, reduced by the medical and legal risks of doping. However, if both athletes dope, the advantages cancel out, and only the risks remain, putting them both in a worse position than if neither had been doping. What class concept best describes this situation? Using this class concept, what outcome do we expect from these two athletes? Are there any factors that could change the outcome predicted by this course concept?

Question 26     Consider two ways to reduce pollution--establishment of taxes on the pollution or the sale of permits to polluters. Which of the following best describes the outcome?   a Both methods can result in the same reduction of pollution, but the permits may achieve that goal with lower administrative costs. b Both methods can result in the same reduction of pollution, but the permits may achieve that goal with higher administrative costs. c The permits will allow more pollution, but both methods will have the same administrative costs. d Both methods can result in the same reduction of pollution and the same adminstrative costs.

Please see question bellow and 1st answer. Please help with the 2nd part of the question. What kind of incentives would help with the problem? The black rhino is one of the most endangered species on the planet. In southern Africa in 1970 there were 65,000 Black Rhinos. Now there are only 2,500. Basic economics tells us why they are in trouble and what we can try to do about it. Why do people kill the black rhino? Because they can make a lot of money relative to the risk of getting caught - just like drug trafficking and lying on your taxes. In Asian communities the horn is viewed as an aphrodisiac and a powerful pain reliever. In Yemen sabers are made from them. As a result one horn can fetch $30K on the black market. The average yearly income in southern Africa is $1,000 and falling. The black rhino is worth more dead than alive. This is a market that does not correct itself. Another piece of this, that is common to many environmental challenges, is that most black rhinos are…

only part 3 question C and D

Week 1 eActivity – MKT405002VA016-1164-001Go to Kelley Blue Book’s Website, located at http://www.kbb.com, and examine how the Website acts as a rich source of information for automobile buyers. Think about how Websites such as Kelley Blue Book can empower buyers when dealing with sales professionals.Thread: Week 1 Discussion 1 – MKT405002VA016-1164-001From KBB, examine how the empowerment of buyers impacts the job of the sales professional both positively and negatively. Determine how the empowerment of buyers helps the buyer to make more informed product decisions. Evaluate the opportunities the information economy has created for improving the contact methods (email, social media, Websites, etc.) that sales professionals use to building relationships with their clients.

Question 1 Restricting websites to collect data about children under the age of 13 is covered by what legislation? Question 2 Why do IT organizations outsource work? Question 3  “In Everett Roger’s Technology Adoption User Types, which group of users are the first to adopt new technologies?” Question 4 The simplest way to document a process it to ________ Question 5 What is the critical path in a project plan? Question 6  “When a company “”exports jobs”” overseas, the company is __________________.” Question 7 This implementation methodology is the most risky. Question 8 A series of tasks that are completed in order to accomplish a goal for a business is known as a ______. Question 9 What are the primary business benefits of an ERP system? Question 10 David Andersen created an abstract art painting that he considers his best work. He then sells the painting to Melissa Warren. Melissa decides to make copies of the work and then resell it. What below is true about this?…

Case on Walmart: Suppose Walmart has announced plans to seek approval from the planning commission of a small town to build a new store. Develop a list of the main arguments, pro and con, that could be presented at a public hearing on the matter by members of each of these groups:1. Owners of small businesses located nearby2. Town residents, and residents of nearby townsHow might a Walmart representative respond to the negative criticisms that might be brought up, and what other benefits could the representative offer the planning board to bolster Walmart’s case for gaining the board’s approval?

Explain why Roosevelt's first inaugural address was such a big success. Use specific language from the speech to explain what is memorable and effective Franklin Delano Roosevelt's "First Inaugural Address" I am certain that my fellow Americans expect that ... I will address them with a candor and a decision which the present situation [requires). This is preeminently the time to speak the truth, the whole truth, frankly and boldly.... This great Nation will endure as it has endured, will revive and will prosper. So, first of all, let me assert my firm belief that the only thing we have to fear is fear itself-nameless, unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance. In every dark hour of our national life a leadership of frankness and vigor has met with that understanding and support of the people themselves which is essential to victory. I am convinced that you will again give that support to leadership in these critical days. In…

5) What were some methods that activists use to get their opinions heard? Letter-writing campaigns. Circulating petitions. Protests. All of the above.

14. Investment in Musical ActsSigning new music acts can be highly speculative. Record producers at music studios have to get budget approval before they sign a new act to a recording deal. Most acts perform a tried and true form of popular music in which record sales can be pretty well predicted. However, once they get approval for their budgets, why do producers sometimes sign riskier acts who either flop or “break-out” into the next sensation?

14. Question 14 options: An entity formed between two or more parties to undertake economic activity together is known as --------------

QUESTION 19 What are the three components of health as defined by the World Health Organization?   A. Physical, mental and social well-being   B. No diseases, sickness or illness   C. Positive health outcomes, low morbidity rates, and mental well-being   D. Physical, spiritual and mental well-being

1.Define ethical issue? 2.list the categories of unethical business activities as described in the chapter? 3.what is the role of top management in organizational ethics? 4.what is a code of ethics? 5.what are the four components of social responsibility? 6. Give an example of legal but irresponsible behavior. 7. How do business carry out their social responsibilities to consumers? 8.what is corporate philanthropy? 9.Describe strategic giving? 10.what are the 4 important aspects of a social contract between employees and employers?

Give typing answer with explanation and conclusion 19. The gang announces that it will pay $60,000 to those that complete the task, and $25,000 to those that don't. What is the net benefit of the initiation task to a Hustler? To a Wannabe? Does the initiation allow the gang to filter out Wannabes?