59._____ leadership refers to how well leaders are aware of, feel comfortable with, and act consistently with their self-concept.  A.Authentic B.Transformational C.Transactional D.Behavioral E.Implicit 60._____ is knowing yourself and being yourself.  A.Authenticity B.Integrity C.Cognition D.Humility E.Drive 61.Which of the following is a limitation of the competency perspective of leadership?  A.It ignores the potential traits of a leader and hence cannot be used to identify […]

    78.Window Shine is provides window cleaning service. Information concerning costs and number of windows cleaned for three months during 2014 appear below:   MonthActivityCost May18,000 windows              $84,000 July21,000 windows              94,500 September20,400 windows              94,800   Using the high-low method, what is the amount of total fixed costs? A.$10,500 B.$3,000 C.$21,000 D.$78,857   79.Princeton offers a large range of undergraduate courses. The University is interested […]

  129.Sleep Time produces mattresses. Each mattress has a variable cost of $260, fixed costs of $56,000 per month, and a unit selling price of $500. If the company produces and sells 400 mattresses in February, how much is the unit cost per mattress? A.$260 B.$400 C.$240 D.$100   130.Triatt Resort has 200 rooms. Each room rents at $130 per night and variable costs total […]

  Multiple Choice – Section 05: Public Policy toward Monopolies 1.Whichofthefollowingisthepreferredstrategyforthegovernmenttofollowtoremedytheinefficientallocationofresourcesassociatedwithmonopolies? a.preventingmergersthroughantitrustlaws b.regulatingthepricesthatmonopoliescancharge c.doingnothing d.Noneoftheabovestrategiesispreferred.Eachisaviablestrategy. 2.Whichofthefollowingstatementsisnotcorrect? a.Thegovernmentmayuseantitrustlawstobreakupanexistingcompanytoimprovecompetition. b.Thegovernmentmaybreakupanaturalmonopolytolowerthepricechargedtocustomers. c.Privateownershipistypicallypreferredtopublicownership. d.Sometimesthebeststrategyisforthegovernmenttodonothingaboutmonopolyinefficiencybecausethe“fix”maybeworsethantheproblem. 3.Whichofthefollowingstatementsisnotcorrect? a.Thegovernmentmayuseantitrustlawstopreventamergerifthegovernmentbelievesthemergerwillreducecompetitionandincreaseprices. b.Byregulatinganaturalmonopolywherepriceequalsaveragetotalcost,themonopolyearnszeroprofits. c.Anadvantageofprivateownershipoverpublicownershipisthatprivatebusinessownerstendtofireinefficientmanagers. d.Thegovernmentshouldalwaysintervenetoimprovemonopolyinefficiency. 4.Whichofthefollowinggovernmentalactionswouldeliminatesomeoralloftheinefficiencythatresultsfrommonopolypricing?Thegovernmentcould a.regulatethemonopoly. b.prohibitedthemonopolyfrompricediscriminating. c.forcethemonopolytooperateatapointwhereitsmarginalrevenueisequaltoitsmarginalcost. d.Noneoftheabovewouldeliminateanyinefficiencyassociatedwithamonopoly. 5.Antitrustlawshaveeconomicbenefitsthatoutweighthecostsifthey a.preventmergersthatwoulddecreasecompetitionandlowerthecostsofproduction. b.preventmergersthatwoulddecreasecompetitionandraisethecostsofproduction. c.allowmergersthatwoulddecreasecompetitionandraisethecostsofproduction. d.Noneoftheaboveiscorrectbecauseantitrustlawsneverhaveeconomicbenefitsthatoutweighthecosts. 6.Whichofthefollowingstatementsisnotcorrect? a.TwoexamplesofearlyantitrustlawsaretheShermanandClaytonAntitrustActs. b.Antitrustlawsautomaticallypreventmergersbetweencompaniesthatproducesimilarproducts. c.Antitrustlawsgivethegovernmentpowertoincreasecompetition. d.Antitrustlawscanreducesocialwelfareiftheypreventmergersthatwouldlowercoststhroughmoreefficientjointproduction. 7.Whichofthefollowingstatementsiscorrect? a.TwoexamplesofearlyantitrustlawsaretheClintonandStiglerAntitrustActs. b.Antitrustlawsautomaticallypreventmergersbetweencompaniesthatproducesimilarproducts. c.Antitrustlawsreducethegovernment’spowertoregulateprivatecompanies. d.Antitrustlawscanreducesocialwelfareiftheypreventmergersthatwouldlowercoststhroughmoreefficientjointproduction. 8.Thefirstmajorpieceofantitrustlegislationwasthe a.ClaytonAct. b.ObamaCareAct. c.ShermanAct. d.ClintonAct. 9.ThelegislationpassedbyCongressin1890toreducethemarketpoweroflargeandpowerful”trusts”wasthe a.MorganAct. b.ShermanAct. c.ClaytonAct. d.14thAmendment. 10.ThelegislationpassedbyCongressin1914tostrengthenthegovernment’spowersandauthorizeprivatelawsuitswasthe a.MorganAct. b.ShermanAct. c.ClaytonAct. d.14thAmendment.    

    11) The table gives data for a nation. What is the amount of the country’s GDP? A) $6,000 billion B) $6,200 billion C) $6,600 billion D) $6,900 billion E) $5,800 billion 12) The table gives data for a nation. The value of the country’s net exports of goods and services shows that the country’s A) value of its exports exceeded the value of […]

  79.The triple bottom line philosophy says that:  A.companies should pay three times as much attention to profits than to employee wellbeing. B.the main goal of all companies is to satisfy the needs of three groups: employees, shareholders, and suppliers. C.business success increases by having three times more contingent workers than permanent employees. D.companies should fairly treat its local, national, and global customers. E.companies should […]

  121) Ceteris paribus when graphing a relationship refers to A) letting all the variables change at once. B) changing the origin of the graph. C) holding constant all but two variables. D) rescaling the coordinates. E) swapping the axes so that the x-axis is the vertical axis and the y-axis is the horizontal axis. 122) When two variables in a graph are related to […]

  MULTIPLE CHOICE 1.Which of the following is true about the early stages of international involvement in firms with little or no formal organization? a.All transactions are subject to a single standardized procedure. b.Domestic operations assume responsibility for international marketing activities. c.Consolidation of information and authority over international sales is undertaken. d.The share of international operations in the sales of the corporation is initially high. […]

    19.8   The Case for Floating Exchange Rates   1) Advocates of floating rate suggested it is favorable for economies for all of the following reasons EXCEPT A) it discourages attack from foreign exchange speculators because of the fact that exchange rate adjustment is immediate. B) it helps stabilize the shock effect on unemployment in case of economic changes such as fall in export […]

    18.2   The Tax System   1) The largest source of revenue for the federal government of the United States is from A) tariffs collected on imported goods. B) property taxes imposed on private property. C) sales taxes on items purchased for consumption. D) individual income taxes.     2) At the state and local levels in the United States, the largest source of […]