71.Which of the following factors will affect the price of an option? a.The strike price of the option b.The amount of time until expiration c.The price of the underlying stock d.All of the above 72.Jimmy Campbell is looking to buy put options on Hawkwood Corporation. Currently Hawkwood Corp. stock is trading at $40 per share. The put options that he is considering buying have […]

      104) In the above figure, if the interest rate is 8 percent per year, the quantity of money demanded is A) less than the quantity of money supplied, and the interest rate will change. B) greater than the quantity of money supplied, and the interest rate will change. C) less than the quantity of money supplied, and the demand curve for money […]

  1) Which of the following is a comprehensive list of the functions in a performance appraisal? A) Identifying, measuring, and managing B) Identifying, determining, and implementing C) Recruiting, selecting, and assessing D) Managing, selecting, and assessing   2) A manager is in the process of deciding how effective or ineffective an employee’s behavior has been. This manager is in the ________ stage of the […]

  9.2   Fiscal Policy at Work: Multiplier Effects   1) If the government wants to reduce unemployment, government purchases should be ________ and/or taxes should be ________. A) increased; increased B) decreased; decreased C) decreased; increased D) increased; decreased   2) The President of Vulcan hires you as an economic consultant. He is concerned that the output level in Vulcan is too high and that […]

  121.In the context of the 1997 Asian crisis, how did the International Monetary Fund’s “one-size-fits-all” approach to macroeconomic policy affect South Korea?    A. It led to a decrease in the interest rates of short-term loans. B. It made it difficult for companies to service their excessive short-term debt obligations. C. It decreased the probability of widespread corporate defaults. D. South Korea failed to recover from its financial crises. E. South […]

  MULTIPLE CHOICE     6.                Comprehensive income includes all of the following except: A)gains B)expenses C)distributions to owners D)unrealized gains on investment   7.              Comprehensive income is also referred to as: A)earnings B)net income C)income from continuing operations D)none of the above   8.              Income tax expense is deducted in determining: A)total revenue B)gross margin C)income from operations D)income from continuing operations   […]

  5.4   Appendix: Measuring Real GDP 1) Using the chained-dollar method to calculate real GDP, real GDP is calculated by A) valuing the current output at last year’s real GDP prices. B) valuing the current output at current year prices. C) averaging the growth of output from one year to the next when the growth rates are calculated using this year’s prices and using last […]

    101) In a labor market without an efficiency wage, minimum wage, or union wage, when the real wage rate exceeds the equilibrium real wage rate, there is a ________ of labor and the real wage rate will ________. A) surplus; fall B) shortage; fall C) shortage; rise D) surplus; rise E) surplus; not change because only efficiency wages or union wages can change. […]

  21) Which of the following is part of the secondary market? A) New York Stock Exchange B) the over-the-counter market C) NASDAQ D) all of these     22) One of the most widely followed stock indexes in the United States is the Dow Jones Industrial Average. This index represents A) the stock prices of 500 large U.S. firms. B) an over-the-counter market. C) […]

  19.2   Labor Markets   1) As the wage rate rises, the quantity of labor an individual supplies A) decreases at all wage rates. B) initially decreases at low wage rates and then increases at high wage rates. C) increases at all wage rates. D) initially increases at low wage rates and then decreases at high wage rates. E) does not change.   2) The […]