1.3 Economic Models 1) Economic models do all of the following except A) answer economic questions. B) portray reality in all its minute details. C) make economic ideas explicit and concrete for use by decision makers. D) simplify some aspect of economic life. 2) All of the following are part of an economic model except A) assumptions. B) hypotheses. C) data. […]
61) The figure above shows the market for education, a good possessing an external benefit. In order to attain the efficient number of students, a government subsidy must equal ________ per student. A) $2,000 B) $8,000 C) $6,000 D) $10,000 E) $16,000 62) A voucher is A) the production of a good by some public institution. B) a payment that government makes […]
11) During an inflationary gap, A) real GDP is less than potential GDP. B) the aggregate demand curve and the aggregate supply curve intersect at potential GDP. C) the aggregate demand curve and the aggregate supply curve intersect at a level of real GDP that exceeds potential GDP. D) the aggregate demand curve and the aggregate supply curve do not intersect. E) the price […]
61) Over the next few years more and more people prefer to ride on scooters. Which of the figures above best illustrates how this change affects the demand curve for scooters? A) Figure A B) Figure B C) Figure C D) Figure D E) None of the above answers is correct because the change in tastes will affect the supply curve not the […]
11.6 Essay: What Is Money? 1) Define money and list its functions. Answer: Money is any commodity or token that is generally accepted as a means of payment. It has three main functions. It serves as a medium of exchange, a unit of account, and a store of value. Topic: Money Skill: Level 1: Definition Section: Checkpoint 11.1 Status: AA 2) List […]
71) Mona is interested in buying a new computer. She has heard that Shell processors are on the low end of the cost spectrum and that the company offers an excellent warranty. Mona is focused on the firm’s: A) multiple appraisal inputs. B) distinctive competencies. C) entrepreneurial climate. D) moral commitment. A) alleviate the personnel management responsibility from managers. B) develop technical expertise […]
16.4 Price Discrimination 1) To be able to price discriminate, a firm must A) lower prices for all customers. B) raise prices for all customers. C) be able to identify and separate different types of buyers. D) sell a product that can be resold. E) Both answers B and C are correct. 2) Which of the following must exist for a firm to […]
11.Which of the following is a residual soil? a.one developed on river gravel b.one developed on granite c.one developed on sand dunes d.one developed on volcanic ash e.one developed on glacial dust 12.Which of the following is NOT a type or agent of physical weathering? a.frost wedging b.fire c.plant roots d.salt crystal growth e.spheroidal weathering 13.Which term listed below is NOT one of the […]
71. (p. 16) Which of the following is true of ethnocentrism? A. It is the cultural binding force among a diverse employee population in an organization. B. It is generally a problem when managers from affluent countries work with managers and markets in less affluent countries. C. American managers have generally been uninfluenced by it, especially in the beginning of the 21st century. D. Ethnocentrism is the causative factor behind the […]
Table 16-3 Potential Customer Willingness to Pay (dollars per hour) Arun $8 Bernice 9 Cara 10 Dawn 12 Julie plans to start a pet-sitting service. She surveyed her neighborhood to determine the demand for this service. Assume that each person surveyed demands only one hour of pet sitting services per period. Table 16-3 above shows a portion of her survey results. […]
You are a former Navy officer and fighter pilot who is now the controller of a division of TransGlobal Airlines, which utilizes a fleet of corporate jets for charter at several airports in the southeast part of the United States. Your division’s private charter clients include several Fortune 500 companies in the region. The Chief Financial Officer (CFO) has informed you that the company is considering the acquisition of two smaller aviation firms in the Caribbean specializing in chartered flights for luxury vacations using light aircraft (60 passengers or less). The CFO has tasked you with assessing the organizational benefits of acquiring these aviation firms. The CFO intends to develop a new business plan for the organization if your analysis recommends moving forward with the acquisition.
After an initial assessment, the company has shortlisted two airlines they want to examine further for acquisition. To understand all aspects of the two airlines under consideration, you have visited each proposed site to assess their performance. The assessment includes creating and analyzing a balanced scorecard for each airline with all four components—financial, internal processes, customers/market, and learning and growth—that will impact the acquisition.
In this milestone, you will use the given information to create balanced scorecards for Company A and Company B.
Use the Basic Balanced Scorecard Template to create a balanced scorecard for each company.
Specifically, you must address the following rubric criteria:
Submit two completed Excel spreadsheets using the provided template.
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