91.Which of the following countries has adopted the euro as its currency?   A.Great Britain B.France C.Denmark D.Sweden E.Switzerland 92.Which of the following is true with regard to establishment of the euro? A.It required participating national governments to have a sound fiscal situation. B.It required participating national governments to have stable exchange rates. C.It required participating national governments to be democratic in nature. D.It […]

  81.In terms of licensing, which of the following is an intangible property?      A. Infrastructure B. Machinery C. Leased equipment D. Advanced computing systems E. Patent 82.Which of the following is true of licensing as a mode of entry into foreign markets?   A. The licensor grants the rights to tangible property to a licensee. B. A licensing agreement grants rights to intangible property to a licensee for an unspecified period. C. The […]

  21) Computer memory chips are produced on wafers, each wafer having many separate chips that are separated and sold. The above table shows costs for a perfectly competitive producer of computer memory chips. If the market price of a wafer is $2,400 dollars, the firm is A) making zero economic profit. B) making an economic profit of $12,000 an hour. C) incurring an economic […]

  11.Which approach addresses the factor that is considered to be “the major culprit” in land instability? a.draining water from the slide mass b.excavating c.redistribution of mass d.installing retaining walls e.installing shear keys 12.What is a hydrauger? a.a sensitive device for detecting movement of landslides b.a horizontal drain pipe c.a drilling device for making test borings d.the opposite of a low drauger e.a device for […]

  21.The opening vignette, “Culture at Work: Today or Mañana?”, shows that _____. a.only US work team members felt any sense of commitment and dedication to the projects b.British managers felt that maintaining the schedule was urgent, but not to the point of disrupting the balance they wanted between their work and personal lives (pages 1-2; 9, easy) c.Mexican managers were especially enthusiastic about the […]

    41. Butner Inc. requires all capital investments to generate an internal rate of return of 16%. The company is considering an investment costing $80,000 that is expected to generate equal, annual cash inflows for 5 years. The equal, cash inflows are expected to be: A. $24,433B. $16,000C. $38,088D. $12,800   42. Deciding whether or not an investment meets a predetermined company standard is called a: A. preference decision.B. payback decision.C. screening decision.D. profitability decision.   […]

  41.Whileincollege,JohnandBethanyeachbuyfivepackagesofmac-n-cheeseperweek.Aftertheygraduateandhavefull-timejobs,Johnbuyssixpackagesperweek,butBethanybuysonlytwopackagesperweek.Whenlookingatincomeelasticityofdemandformac­n­cheese,John’s a.isnegative,andBethany’sispositive. b.ispositive,andBethany’sisnegative. c.iszero,andBethany’sapproachesinfinity. d.approachesinfinity,andBethany’siszero. 42.Whileincollege,MartyandLauraeachbuy15busticketspermonth.Aftertheygraduateandhavefull-timejobs,Martybuys0busticketspermonthandLaurabuys28busticketspermonth.Comparingincomeelasticityofdemandforbustickets,Marty’s a.isnegative,andLaura’sispositive. b.ispositive,andLaura’sisnegative. c.iszero,andLaura’sispositive. d.iszero,andLaura’sisnegative. 43.Assumethata4percentincreaseinincomeresultsina2percentincreaseinthequantitydemandedofagood.Theincomeelasticityofdemandforthegoodis a.negative,andthegoodisaninferiorgood. b.negative,andthegoodisanormalgood. c.positive,andthegoodisanormalgood. d.positive,andthegoodisaninferiorgood. 44.Assumethata4percentdecreaseinincomeresultsina6percentincreaseinthequantitydemandedofagood.Theincomeelasticityofdemandforthegoodis a.negative,andthegoodisaninferiorgood. b.negative,andthegoodisanormalgood. c.positive,andthegoodisaninferiorgood. d.positive,andthegoodisanormalgood. 45.Heath’sincomeelasticityofdemandforconcertsis2.Allelseequal,thismeansthatifhisincomeincreasesby10 a.2percentmoreconcerts. b.5percentmoreconcerts. c.10percentmoreconcerts. d.20percentmoreconcerts. 46.Whenherincomeincreasedfrom$10,000to$20,000,Heather’sconsumptionofmacaronidecreasedfrom10poundsto5poundsandherconsumptionofsoy-burgersincreasedfrom2poundsto4pounds.WecanconcludethatforHeather,macaroni a.andsoy-burgersarebothnormalgoodswithincomeelasticitiesequalto1. b.isaninferiorgoodandsoy-burgersarenormalgoods;bothhaveincomeelasticitiesof1. c.isaninferiorgoodwithanincomeelasticityof-1andsoy-burgersarenormalgoodswithanincomeelasticityof1. d.andsoy-burgersarebothinferiorgoodswithincomeelasticitiesequalto-1. 47.Foodandclothingtendtohave a.smallincomeelasticitiesbecauseconsumers,regardlessoftheirincomes,choosetobuyrelativelyconstantquantitiesofthesegoods. b.smallincomeelasticitiesbecauseconsumersbuyproportionatelymoreofbothgoodsathigherincomelevelsthantheybuyatlowincomelevels. c.largeincomeelasticitiesbecausetheyarenecessities. d.largeincomeelasticitiesbecausetheyarerelativelyinexpensive. 48.Charlespurchases20basketballticketsperyearwhenhisannualincomeis$50,000and25basketballticketswhenhisannualincomeis$60,000.Charles’sincomeelasticityofdemandforbasketballticketis a.0.82,andbasketballticketsareanormalgood. b.0.82,andbasketballticketsareaninferiorgood. c.1.22,andbasketballticketsareanormalgood. d.1.22,andbasketballticketsareaninferiorgood. 49.Tylerpurchases5poundsofhotdogspermonthwhenhismonthlyincomeis$2,000and4poundsofhotdogspermonth whenhis monthlyincome is$2,200.Tyler’sincomeelasticityofdemandforhotdogsis a.2.33,andhotdogsareanormalgood. b.-2.33,andhotdogsareaninferiorgood. c.0.43,andhotdogsareanormalgood. d.-0.43,andhotdogsareaninferiorgood. 50.Cross-priceelasticityofdemandmeasureshow a.thepriceofonegoodchangesinresponsetoachangeinthepriceofanothergood. b.thequantitydemandedofonegoodchangesinresponsetoachangeinthequantitydemandedofanothergood. c.thequantitydemandedofonegoodchangesinresponsetoachangeinthepriceofanothergood. d.stronglynormalorinferioragoodis.    

    51) A statement that argues that “if taxes on gasoline increase, gasoline consumption will decrease” is an example of what kind of statement? A) a marginal statement B) a macroeconomic statement C) a normative statement D) a positive statement E) a statement that violates rational choice 52) Which of the following statements is a positive statement? A) Our country must increase military spending. […]

  62.Which of the following is true about organizational culture?  A.It is suggested that companies with strong cultures tend to be more successful, irrespective of any conditions. B.Companies have strong cultures when the dominant values are held mainly by a few people at the top of the organization. C.Most employees across all subunits understand the dominant values but choose to ignore them. D.The life span […]

    51) If a good is inferior, then it has an income elasticity of demand that is A) equal to zero. B) greater than zero. C) less than zero. D) greater than one. E) undefined.   52) If a 5 percent increase in income brings about a 10 percent decrease in the demand for a good, then the A) good is a normal good. […]