11) One reason patent protection is vitally important to pharmaceutical firms is A) successful new drugs are not profitable. If firms are not granted patents many would go out of business and health care would be severely diminished. B) the approval process for new drugs through the Food and Drug Administration can take more than 10 years and is very costly. Patents enable […]
111) Refer to Figure 20-1. Real GDP increased by approximately ________% between 1995 and 2000. A) 9 B) 17 C) 35 D) 52 E) 75 112) If nominal GDP in some year is $3800 and the GDP deflator for the same year is 152, then the real GDP for that year is A) $2280. B) $2500. C) $3500. D) $3800. E) $5776. 113) A […]
41) If we compare the last 30 years of inflation as recorded by the CPI and the PCE price index, we find that the A) two measures fluctuate together. B) CPI inflation rate has consistently been at least 5 percentage points above the PCE price index inflation rate. C) PCE price index inflation rate has consistently been at least 5 percentage points above the […]
2.4 Integrative Questions 1) If a product becomes more popular and consumers want more produced, which of the following best describes what happens to move more factors of production into that industry? A) An agency of the Federal government directs the movement of factors. B) The chief executive officers or presidents of corporations require that factors leave one industry and move to the other […]
21) In the long run, perfectly competitive firms produce at the output level that has the minimum A) marginal cost. B) average total cost. C) average variable cost. D) average fixed cost. E) total revenue. 22) In a perfectly competitive industry, i.entry by new firms shifts the market supply curve rightward. ii.exit by existing firms shifts the market supply curve leftward. iii.at all times […]
111) World commodity prices increased significantly over the years 2002-2008. Since Canada is a large exporter of commodities, it is not surprising that over this time period Canada experienced A) a significant depreciation of its currency against the U.S. dollar. B) a significant increase in the rate of inflation. C) a significant appreciation of its currency against the U.S. dollar. D) a significant decrease […]
21. Given the following events, which ones affect cash flows from investing activities? 1. collection from issuing capital stock 2. payment of a dividend 3. purchases of property, plant, and equipment 4. collection from the sale of property, plant, and equipment A. 1 and 2B. 3 and 4C. 2 and 4D. 1, 2, 3, and 4 22. Given the following events, which ones affect cash flows […]
31.IfinsomeyearnominalGDPwas$18billionandtheGDPdeflatorwas120,whatwasrealGDP? a.$6.7billion. b.$15 billion. c.$21.6billion. d.$38 billion. 32.IfinsomeyearnominalGDPwas$20billionandtheGDPdeflatorwas50,whatwasrealGDP? a.$2.5billion. b.$10 billion. c.$40 billion. d.$100billion. 33.IfinsomeyearnominalGDPwas$10trillionandrealGDPwas$4trillion,whatwastheGDPdeflator? a.25. b.40. c.250. d.400. 34.IfinsomeyearnominalGDPwas$28trillionandrealGDPwas$32trillion,whatwastheGDPdeflator? a.87.5. b.114.3. c.400. d.896. 35.AneconomyrecentlyreportednominalGDPof3trillioneuroandaGDPdeflatorof200.WhatwasrealGDP? a.1.5trillioneuro,andrealGDPisabettergaugeofeconomicactivitythannominalGDP. b.1.5trillioneuro,butnominalGDPisabettergaugeofeconomicactivitythanrealGDP. c.6trillioneuro,andrealGDPisabettergaugeofeconomicactivitythannominalGDP. d.6trillioneuro,butnominalGDPisabettergaugeofeconomicactivitythanrealGDP. 36.IfnominalGDPis$12trillionandrealGDPis$10trillion,thentheGDPdeflatoris a.83.33,andthisindicatesthatthepricelevelhasdecreasedby16.67percentsincethebaseyear. b.83.33,andthisindicatesthatthepricelevelhasincreasedby83.33percentsincethebaseyear. c.120,andthisindicatesthatthepricelevelhasincreasedby20percentsincethebaseyear. d.120,andthisindicatesthatthepricelevelhasincreasedby120percentsincethebaseyear. 37.IfnominalGDPis$10trillionandrealGDPis$12trillion,thentheGDPdeflatoris a.83.33,andthisindicatesthatthepricelevelhasdecreasedby16.67percentsincethebaseyear. b.83.33,andthisindicatesthatthepricelevelhasincreasedby83.33percentsincethebaseyear. c.120,andthisindicatesthatthepricelevelhasincreasedby20percentsincethebaseyear. d.120,andthisindicatesthatthepricelevelhasincreasedby120percentsincethebaseyear. 38.IfnominalGDPis$10trillionandrealGDPis$8trillion,thentheGDPdeflatoris a.80,andthisindicatesthatthepricelevelhasdecreasedby20percentsincethebaseyear. b.80,andthisindicatesthatthepricelevelhasincreasedby80percentsincethebaseyear. c.125,andthisindicatesthatthepricelevelhasincreasedby25percentsincethebaseyear. d.125,andthisindicatesthatthepricelevelhasincreasedby125percentsincethebaseyear. 39.IfnominalGDPis$8trillionandrealGDPis$10trillion,thentheGDPdeflatoris a.80,andthisindicatesthatthepricelevelhasdecreasedby20percentsincethebaseyear. b.80,andthisindicatesthatthepricelevelhasincreasedby80percentsincethebaseyear. c.125,andthisindicatesthatthepricelevelhasincreasedby25percentsincethebaseyear. d.125,andthisindicatesthatthepricelevelhasincreasedby125percentsincethebaseyear. 40.Supposeaneconomy’sproductionconsistsonlyofcornandsoybeans.In2010,20bushelsofcornaresoldat$4perbusheland10bushelsofsoybeansaresoldat$2perbushel.In2009,thepriceofcornwas$2perbushelandthepriceofsoybeanswas$1perbushel.Using2009asthebaseyear,itfollowsthat,for2010, a.nominalGDPis$50,realGDPis$100,andtheGDPdeflatoris50. b.nominalGDPis$50,realGDPis$100,andtheGDPdeflatoris200. c.nominalGDPis$100,realGDPis$50,andtheGDPdeflatoris50. d.nominalGDPis$100,realGDPis$50,andtheGDPdeflatoris200.
1.Amino acids are the building blocks of proteins. Which of the following statements concerning amino acids is FALSE? A) There are 20 different amino acids that occur naturally in human proteins. B) The amino acids that make up human proteins are called essential amino acids. C) The amino acids present in human proteins are “alpha” amino acids. D) Except for glycine, where R=H, amino acids […]
131.At the end of the period, the Manufacturing Overhead account had a $4,200 debit balance.The balances in the Work in Process Inventory, Finished Goods Inventory, and Cost of Goods Sold were $10,000, $20,000, and $70,000, respectively.Assuming that the balance in Manufacturing Overhead is considered material, which of the following is part of the journal entry to close the Manufacturing Overhead account at the end […]
Pacific Palm Oil Company (PPO)
Review the requirements located in the Brainstorming Discussions Module.
MDQ STEP THREE: BUILDING THE DECISION
GATHERING INFORMATION
The purpose of this week’s brainstorming discussions is to address the type of information PPO needs to gather in coming up with creative alternatives to use in the MDQ decision making model. Useful information involves researching anything that the manager needs to know that might influence the decision making process. This includes experience from past or future situations as well as factual information. Even though the manager has no control over future events, information needs to be gathered to anticipate outcomes, consequences or actions when acting on PPO’s alternatives.
CREATING ALTERNATIVES:
In Building the Decision, the manager will create FOUR viable alternatives. The case study mentions several obvious alternatives, such as:
However, NONE of these alternatives are strong enough on their own. The manager must look for ways to combine them with other possibilities to make stronger alternatives. One of the things the manager needs to consider is how to raise money. The expectation is to create alternatives that are creative, demonstrate critical thinking, use additional research, and meet as many of the objectives as possible.
1. By WEDNESDAY, complete the following:
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