1st In-Class-Quiz 2020W vA w Answers Noon
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Midterm Exam 2020-WINTER-QUIZ 1 – version A The Global Economy (MGMT 406) NAME: ________________________________________________ •
You have 40 minutes for the exam, 1.00pm-1.40pm •
Midterm is out of 30 points: 7 MC questions for 14 points, plus 16 points for short non-MC questions •
Please read ALL the information provided in the questions. •
The exam is “closed” everything – just you, your brain and some paper! •
Good luck!
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PART I: Multiple Choice [14 points, 2 points for each of 7 questions] 1.
The gains from trade are __________ the more similar the productive capacities of a country are to the rest of the world. a)
smaller b)
larger c)
unchanged Answer-Key: As discussed in class, the more different the productive capacities of country from the productive capacities of the rest of the world, the larger the gains from trade 2.
Imagine an earthquake strikes an economy. The earthquake has no death toll but destroys capital, what will most probably happen with the marginal product of labor? a)
Increase b)
Decrease c)
Stay the same Answer-Key: Remember that capital (labor) “likes” labor (capital). The decrease in the stock of capital will reduce the marginal product of labor 3.
Consider the 2-sector 2-factor model discussed in class (i.e. 2-sectors: computers and textiles, 2-factors: capital and labor, computers is the capital intensive sector). Suppose positive changes to the educational system increases the productivity of labor so that the productive value of a unit of L is increased. What would be the effect on the PPF? a)
The PPF will stay the same b)
The PPF will expand for both computers and textiles, but relatively more for textiles c)
The PPF will expand for both computers and textiles, but relatively more for computers d)
The PPF will contract for both computers and textiles, but relatively more for textiles e)
The PPF will contract for both computers and textiles, but relatively more for computers Answer-Key: The question frames the increase in labor productivity to make clear it’s like an increase in L. Because textiles is the labor intensive sector, this change affects the textiles sector proportionally more.
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4.
Consider the Hidalgo-Hausman type “product-trees.” Which of the following statements is false? a.
The size of a node reflects in some way an industry’s economic importance b.
Nodes in manufactured products are more connected than nodes in commodity-
based sectors c.
A larger distance between two connected nodes reflects that it’s harder for a country to move from one into the other. Answer-Key: distance between two nodes that are connected is just a visual aid to make a pretty tree, nothing more. 5.
Of the 3 different ways in which GDP can be decomposed, which two are closest to how GDP is actually measured? a.
the Income Approach, the Value Added Approach b.
the Income Approach, the Expenditure Approach c.
the Value Added Approach, the Expenditure Approach Answer-Key: See class-notes and class-discussion in week 1. 6.
Consider the Standard Growth Model that we studied in class (i.e. 𝑌𝑌
=
𝐴𝐴𝐾𝐾
𝛼𝛼
𝐿𝐿
1−𝛼𝛼
). If output growth is 9.5%, productivity growth is 2%, capital growth is 10%, and labor growth is 5%, what is the “capital share” alpha? a)
0.2 b)
0.3 c)
0.4 d)
0.5 Answer-Key: You need to use growth accounting: 9.5 = 𝛼𝛼
*10 + (1-
𝛼𝛼
)*5 + 2
9.5 = 𝛼𝛼
*5 + 7
𝛼𝛼
= 0.5 7.
Which of the following series may have a strong influence on TFP estimates because it is not adequately captured in growth accounting? a)
The Workforce b)
Hours worked c)
Capital d)
Whether a country’s is a democracy Answer-Key: Capital is extremely hard to measure and so greatly affects productivity estimates. Take for example, the case we reviewed in class “The Tyranny of Numbers” (Note:
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Question 6
6. Why does new product development theory show the process as an inverted triargle, with the first stage at the top of the triangle?
O Because the number of ideas that will result in viable new products decreases as the process progresses.
O Because there are more stage gates in the early stages of the process.
O Because more money is spent in the early stages of the process than at later stages.
O Because each project's potential revenue decreases as it progresses through the process
Question 8
8. Southwest Airlines screens potential employees rigorously and uses several unique interview processes to hire the right people. Southwest also has an extensive training progran for new employees
These tactics reduce
in service delivery,
O Varlability
O Overtead costs
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Please do not give solution in image format thanku
Question 1 You should set up a single-day food stall - Healthy Food Stall - with focus on selling healthy food. This project, "Healthy Food Staif, is sponsored by Charles Darwin University as a part of activities for World Health Day. The project is expected to be completed in 2 months and the budget for the project is $15,000 AUD. You can make assumptions in answering questions. For this "Healthy Food Stall" project:
(a) Identify at least 2 quality metrics and explain how they are measured.
(b) Create a WBS (Tabular view) and milestone list.
(c) Identify at least 2 potential risks and analyse them based on probability and impact.
(d) Find risk responses for all the above identified risks.
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Question 1: How would you formulate the mission of SIT company? Question…
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Losing it: The next market segment is “losing it”, which refers to the goal of losing weight.
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QUESTION 1
You are a senior manager at a food and beverage company in Malaysia. The company
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Your task is to prepare a CONCEPT MAP that presents and explains the different types of
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An analyst built the following spreadsheet, complete with named ranges (for example, cell B2 is named "Unit_Price" based on the
heading in cell A2).
Collapse
1
2
Unit Price
15
3
Unit Cost
9.85
4
Unit Gross Profit
Unit Price- Unit Cost
6.
Quantity Sold
7,300
Gross Revenue
Variable Costs
Fixed Costs
11 Net Profit
Profit per Unit
= Quantity Sold x Unit Price
Quantity Sold x Unit Cost
2,500
- Gross Revenue - Variable Costs
= Net Profit/Quantity Sold
10
Fixed Costs
12
After entering the data shown below in cells B2, B3, B6, and B10, what values should appear in the following cells? (Round your "Unit
Gross Profit and Profit per Unit" answers to 2 decimal places.)
Cell
Value
B4 (Unit_Gross_Profit)
B8 (Gross_Revenue)
B9 (Variable_Costs)
B11 (Net_Profit)
B12 (Profit_per_Unit)
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Quèstion 4
For a market-oriented organization, what is the primary tool used to achieve its goals?
O a. promotion
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price
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Question 7
3 pts
Air conditioning, automatic gearboxes and power steering in cars are just some of the
technological advances that originated with individual inventors and small companies and
later incorporated into the big business of automobile manufacturing. These stand as
testimony to small businesses and their...
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Republic of the Philippines
Department of Education
Region III
Division of Nueva Ecija
FIRST ASIAN INTERNATIONAL SYSTEMS COLLEGE, INC.
Partnership with San Antonio High School (SAHS), Poblacion, San Antonio, Nueva Ecija
Agustin Bldg., San Juan North, Cabiao, Nueva Ecija
G11 ABM & GAS Organization and Management
Learning Activity Sheets (LAS)
Q1 WEEK 5
Name:
Date:
Grade/Section:
Score:
Teacher Name: Ms. Melanie Miranda
Chapter 5: STAFFING
Activity #1: Identification
A. Direction: Write the correct answer in the space provided,
1. Independent job boards on the Web commonly used by job seekers and recruiters to gather
and disseminate job opening information.
2. Good sources of young applicants or new graduates who have formal training but with very
little work experience.
3. It is recommendations from the organization's present employees who usually refer friends
and relatives who they think are qualified for the job.
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Question 4
Answer for (a)
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Cast Study:
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company intends to use the capital raised to enroll 10,000 new students in
Africa and the Middle East within a year.
You have been appointed as marketing and communications manager and
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Part A., B, C ALL SOLUTION WORK U
Text typing work only thanks
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weather will be good.
If the concert is advertised and the weather is poor, there is a 60% chance that the advertising will
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The profit expected, before deducting the cost of advertising, at different levels of ticket sales are as
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