Figure 13-6     27) Refer to Figure 13-6. Suppose Dell finds the relationship between the average total cost of producing notebook computers and the quantity of notebook computers produced is as shown by Figure 13-2. Dell will maximize profits if it produces ________ notebook computers per month. A) 100,000 B) 200,000 C) 300,000 D) Not enough information is given to determine the profit-maximizing […]

  11.One noncontroversial issue with strategic groups is: a.Stability of strategic groups. b.Mobility barriers between strategic groups. c.The requirement for large quantities of objective data. d.All of the above are controversial issues. e.None of the above is controversial. 12.The industry-based view recommends: a.Backward integration as a way to defend against the power of suppliers. b.Backward integration as a way to defend against the power of […]

  59.Managerial accounting A.is primarily directed at external users of accounting information. B.is required by taxing authorities such as the IRS. C.must follow GAAP. D.focuses on future performance.   60.The fundamental difference between managerial and financial accounting is that A.all financial accounting information is audited by Certified Public Accountants whereas managerial accounting information is audited by the IMA. B.managerial accounting is concerned principally with budgets, […]

  Multiple Choice   25.The success of Japanese car makers in the US, and GM’s efforts to remake its corporate culture reflect the _____. a.use of national culture as a tool to re-shape organizational culture b.use of organizational culture as a competitive tool (page 254, moderate) c.ability of organizational cultures to resist efforts to change them d.inability of organizations to transfer organizational cultures developed in […]

    98.              Cost of goods manufactured is calculated as follows: a.Beginning WIP + direct materials used + direct labor + manufacturing overhead + ending WIP. b.Direct materials used + direct labor + manufacturing overhead – beginning WIP + ending WIP. c.Beginning WIP + direct materials used + direct labor + manufacturing overhead – ending WIP. d.Direct materials used + direct labor + manufacturing overhead […]

    71) Which of the following is true? A) Real GDP fluctuates around potential GDP. B) Potential GDP fluctuates around real GDP. C) Nominal GDP fluctuates around real GDP. D) Real GDP fluctuates around nominal GDP. E) When real GDP equals potential GDP, both equal nominal GDP.   72) During a recession, A) real GDP is equal to potential GDP. B) real GDP is […]

  11) Labor productivity growth depends on i.saving and investment. ii.increases in human capital. iii.technological growth. A) i only B) ii only C) iii only D) Both ii and iii E) i, ii, and iii 12) Labor force productivity has increased from $30 per hour to $32 per hour over the past year. This could result from A) only an increase in real GDP. B) […]

    77.Which of the following is not an example of a negative covenant? a.Borrowers may not sell accounts receivable to generate cash. b.The borrower is required to maintain a minimum level of net working capital. c.Constraints associated with fixed assets regarding the liquidation, acquisition and encumbrance. d.Constraints associated with consolidation, merging or combining with another firm. e.All of the above are examples of negative […]

  Multiple Choice 32.Which of the following is true regarding the interaction of leadership and culture? a.Strong leaders can maintain their authority even without their followers’ acceptance of socially constructed assumption, values, and behaviors. b.A successful leader achieves organizational efficiency and effectiveness by interpreting, translating, and modifying the culture’s value system. (page 212, easy) c.Leaders are affected by national and organizational cultures, and are basically […]

    41) Within hemoglobin, the heme functions as A) a disulfide bridge. B) an oxygen carrier. C) a reducing agent. D) an α subunit. E) one of the four protein subunits.   42) Hemoglobin has a total of __________ protein chains in its quaternary structure. A) one B) two C) three D) four E) five   43) The fibrous protein responsible for the structure […]