31. Pennington Products has two product lines: R-100 and R-200. Revenue and cost information for each of the product lines are as follows:        R-100       R-200   Selling price per unit $45 $60 Variable costs per unit 15 24       Traceable fixed expenses $250,000 $360,000           Pennington has common fixed expenses of $250,000 per year. Last year, […]

  79.According to the situational leadership theory (SLT) developed by Hersey and Blanchard, effective leaders vary their style with the:  A.ability and motivation of followers. B.availability of leadership substitutes. C.leader’scapacity to engage in participative management. D.leader’s integrity, influence, and other traits or competencies. E.leaders’ personality and perceptions. 80.Telling, selling, participating, and delegating represent the four leadership styles identified in:  A.path-goal theory. B.transformational leadership theory. C.leadershipcompetencies […]

    41.Characterize EACH of the three given statements as being TRUE or FALSE and then indicate the collective true-false status of the statements using the choices provided. (1) In the molecule N2 there are more bonding electron pairs than nonbonding electron pairs. (2) Electronegativity values for sequential period 2 elements differ by 0.5 units. (3) The octet rule does not apply to covalent compounds […]

  31) A bowed out production possibilities frontier shows A) that resources are equally productive in all uses. B) increasing opportunity cost. C) that resources are not equally productive in all uses. D) Both answers B and C are correct. E) Both answers A and B are correct.   32) The opportunity cost of a good increases as more of it is produced because A) […]

    71) Susan just sold her text books for $200 cash and deposited the cash she received in her checking account. This transaction has A) increased the quantity of M1. B) decreased the quantity of M1. C) increased the quantity of M2. D) decreased the quantity of M2. E) not changed either M1 or M2. Answer:  E Topic:  M1, M2 Skill:  Level 2: Using […]

  1) What is the difference between the government’s debt and the government’s deficit? A) The debt is the accumulation of past deficits whereas the deficit is the annual shortfall between revenues and disbursements. B) The debt is the annual shortfall of revenues minus disbursements whereas the deficit is the accumulation of past debts. C) The debt is the amount the government pays in interest […]

    37) If, as a perfectly competitive industry expands, it can supply larger quantities only at a higher long-run equilibrium price, it is A) a constant-cost industry. B) an increasing-cost industry. C) a decreasing-cost industry. D) a fixed-cost industry.     38) If, as a perfectly competitive industry expands, it can supply larger quantities at the same long-run market price, it is A) a […]

    61) The shifts of the short-run and long-run Phillips curves in the figure above are the result of A) an increase in the natural unemployment rate. B) a decrease in the natural unemployment rate. C) an increase in the expected inflation rate. D) a decrease in the expected inflation rate. E) an increase in the actual inflation rate.   62) When inflation expectations […]

  21) Currency traders expect the dollar to appreciate. What impact will this have on equilibrium in the foreign exchange market? A) The dollar will appreciate, and the equilibrium quantity of dollars will decrease. B) The dollar will depreciate, and the equilibrium quantity of dollars exchanged will decrease. C) The dollar will appreciate, and the equilibrium quantity of dollars will increase. D) The dollar will […]

  41. (p. 226) Mary Hills would like to ask respondents a series of open-ended questions that will help explain the respondents’ feelings and thoughts on the subject of child labor. Based on this information, Mary Hills is carrying out _____ research.  A. quantitative B. qualitative C. tertiary D. secondary E. subliminal 42. (p. 226) According to the text, the ability to express attitudes and opinions about a product or concept depends on the respondent’s:  A. cultural […]