50.              Ignoring income taxes, Union should: A)not purchase the equipment since the net-present-value is negative B)not purchase the equipment since the net-present-value is positive C)purchase the equipment since the net-present-value is negative D)purchase the equipment since the net-present-value is positive     51.              Which of the following must be estimated in order to compute the net present value of an investment? A)Cost of […]

    Table 4-6   Marko’s Polos Marginal Cost (dollars) 1st shirt $7 2nd shirt 10 3rd shirt 15 4th shirt 20   79) Refer to Table 4-6.  The table above lists the marginal cost of polo shirts by Marko’s, a firm that specializes in producing men’s clothing. If the market price of Marko’s polo shirts is $18, A) Marko’s will produce four shirts. B) […]

  Table 1-5   Hours Open Total Revenue (dollars) 1 $40 2   65 3   80 4   90 5   95 6   98   Julius runs a small tailor shop in the city of Bloomfield. He is debating whether he should extend his hours of operation. Julius figures that his sales revenue will depend on the number of hours the tailor shop […]

  61. (p. 506-507) In a study, when asked to rate the rewards from work, Japanese and American salespersons showed surprising similarity barring one aspect which the Japanese rated as more important than what their American counterparts did. Identify the one from the following.  A. Job security B. Promotion C. Feeling of worthwhile accomplishment D. Social recognition (sales club awards) E. Personal growth and development 62. (p. 507) Which of the following reward areas scores the […]

    88.Lawn Cut Perfection provided data concerning the costs incurred to mow residential lawns for which customers pay $45 per mowing. Data for the past 7 months are as follows:   JanuaryFebruaryMarchAprilMayJuneJuly Number of lawns mowed200110150100220120210 Mowing cost$12,900$8,120$10,200$8,200$13,060$8,400$13,280   How much are the estimated monthly fixed costs using the high-low method? A.$8,200 B.$2,444 C.$4,150 D.$3,180   89.What are the three elements of the profit […]

    51) For a chemical reaction at equilibrium, which of the following would always decrease the concentrations of the products? A) Increase the temperature. B) Decrease the temperature. C) Decrease the pressure. D) Decrease the concentration of a gaseous or aqueous reactant.   52) The following reaction is endothermic:  CaCO3 (s)    CaO (s) + CO2 (g). Which of the following will cause the […]

    71) The Fed raises the interest rate when it A) fears recession. B) wants to increase the quantity of money. C) fears inflation. D) wants to encourage bank lending. E) cannot change the quantity of money.   72) When the Federal Reserve wants to slow inflation, it A) lowers the federal funds rate. B) raises the federal funds rate target. C) cuts the […]

    11) Both individual buyers and sellers in perfect competition A) can influence the market price by their own individual actions. B) can influence the market price by joining with a few of their competitors. C) have to take the market price as a given. D) have the market price dictated to them by government.     12) Both buyers and sellers are price […]

  11. Executive performance bonuses, high position power, and tactical or short-range planning suggest a corporate culture that emphasizes: a. low risk taking. b. consensus decision making. c. high uncertainty avoidance. d. individualism. 12. An expatriate manager is one who: a. has left a transnational organization to work for a competitor. b. works within a foreign-owned company within their own country. c. works in a […]

    11) In 2010, the United States had A) a current account surplus because imports were greater than exports. B) a capital account deficit because exports were greater than imports. C) a current account deficit because imports were greater than exports. D) no change in U.S. official reserves. E) a current account deficit and a capital account deficit.   12) Interest received from U.S. […]