91. Grandma’s Jellies Inc.Grandma’s Jellies Inc. produces and distributes a variety of jellies. Two hundred jars of jelly are produced in a single batch. The following activities are performed per batch: Activity Hours Processing (two departments) 6 Inspecting 1 Moving (three moves) 3 Waiting (for the second process) 4 Storage (before delivery to the customer) 10 Refer to the […]
61) Which of the following statements is true of goal seeking analysis? A) It is a process of setting a target value for a particular metric and telling the program which variable to change to reach the goal. B) It is a process which analyzes historical and seasonal trends and then takes into account existing and predicted business conditions to estimate results. C) […]
131.Tom and Jerry have two tasks to do all day: set traps and build bombs. If Tom spends all day setting traps, he will have set 16 traps. If he instead devotes his day to building bombs, Tom will build 4 bombs. If Jerry spends his day setting traps, he will set 14 traps; if he spends the day building bombs, he will […]
61) As a perfectly competitive firm’s output increases, its total revenue ________ and its total cost ________. A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases E) does not change; increases 62) In a perfectly competitive industry, when a firm is producing so that its total revenue equals its total cost, the firm is A) making an economic profit. B) […]
111) The sacrifice ratio is a measure of the A) number of people unemployed due to disinflation. B) loss of real GDP associated with inflation. C) the crowding out of investment due to increases in government purchases. D) unemployment associated with a recessionary gap. E) cumulative loss in real GDP due to a disinflation. 112) The sacrifice ratio is calculated by A) dividing […]
21) Suppose on any given day the prevailing equilibrium federal funds rate is below the Federal Reserve’s federal funds target rate. If the Federal Reserve wishes for the federal funds rate to be at their target level, then the appropriate action for the Federal Reserve to take is a ________ open market ________, everything else held constant. A) defensive; sale B) defensive; purchase C) […]
41) When unskilled teens earn less than college graduates, society answers the ________ question. A) how B) what C) for whom D) why E) social interest versus self-interest 42) Canada has nationalized health care, so that everyone, regardless of their ability to pay, has some access to health care. Based on this observation, Canada has decided that “everyone, regardless of their ability to pay” […]
11) The unemployment rates during the last 10 years in the Eurozone was A) constantly lower than the unemployment rate in the United States and not rising toward the U.S. unemployment rate. B) constantly lower than the unemployment rate in the United States but were rising toward the U.S. unemployment rate. C) more or less constant at 3 percent. D) generally higher […]
62.When deciding to accept or reject a special order, which of the following costs is most likely to be irrelevant? A.The wages of direct labor to make the order B.Depreciation on the machinery used to make the order C.The raw material used to make the order D.The electricity used to run the machine to make the order 63.In accepting a special order, which […]
11. In the figure shown, is a chemical reaction occurring? A)No, because there are the same number of atoms in both images. B)Yes, because the atoms have rearranged, and therefore the formulas of the products and reactants are different. C)Yes, because the reactants are gases, but the product is a solid. D)No, because there are oxygen atoms and nitrogen atoms in both images. […]
1) Members of OSHA's $100,000 club have:
A) invested more than $100,000 in health and safety equipment for employees.
B) purchased health and safety insurance coverage of at least $100,000.
C) received fines of $100,000 or more for safety or health violations.
D) paid more than $100,000 in workers' compensation claims.
2) Workplace safety is a significant issue because approximately ________ employees were injured on the job in 2009.
A) 3,000,000
B) 1,000,000
C) 500,000
D) 250,000
3) According to the doctrine of contributory negligence, employers were:
A) not responsible for an employees' injury when another employee's negligence caused the injury.
B) not liable for an employee's injuries when that employee's own negligence caused the injury.
C) responsible for compensating employees for all work-related illnesses and accidents.
D) not responsible for any employees' injuries under any circumstances.
4) Workers' compensation laws vary by state, but all are built on the theory that:
A) employees' personal health insurance should pay the medical costs of any injuries.
B) work-related accidents are costs of doing business and should be paid for by employers.
C) governments are responsible for paying the medical costs related to an employee's injuries.
D) employers are not responsible for employee injuries resulting from the employee's own negligence.
5) Which of the following is a true statement about workers' compensation?
A) Workers' compensation laws are federally mandated and enforced by OSHA.
B) Non-union firms are not required to carry workers' compensation insurance.
C) Workers' compensation is not mandatory in all U.S. states.
D) Most states had workers' compensation programs by 1911.
6) Workers' compensation:
A) pays only if the worker cannot.
B) is considered a no-fault system.
C) is mandatory in all fifty states.
D) covers employees' medical costs with Medicaid.
7) The primary goal of state workers' compensation laws is best described as:
A) providing a means for injured workers to receive care and income without having to sue.
B) determining the cause of work-related accidents and minimizing future accidents.
C) ensuring that employers are not held responsible for accidents caused by worker negligence.
D) spreading the cost of workplace accidents among all workers in the state.
8) The ________ holds that employers are not held liable for an employee's injuries when the negligence of another employee contributed to or caused the accident.
A) doctrine of contributory negligence
B) fellow-servant rule
C) general duty provision
D) "no-fault" rule
9) Which of the following is most likely true?
A) Workers' compensation is a federal program. OSHA is the organization that helps individual states meet workers' compensation standards.
B) Workers' compensation is a federal program that provides compensation to employees injured on the job. OSHA is a federal program that creates and enforces safety standards in the work place.
C) OSHA is a federal program that creates safety standards for work environments. Workers' compensation programs are created by the individual states to provide compensation for employees injured on the job.
D) OSHA is a federal program that provides compensation for employees injured on the job. Workers' compensation programs are state programs that provide compensation for employees injured on the job.
10) Workers' compensation:
A) replaces the worker's entire income until he/she is able to work again.
B) provides benefits for permanent, but not temporary, impairment.
C) gives survivors burial allowances and income benefits.
D) covers medical expenses up to $100,000.
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