IE401-Econ401 MidTerm Managerial Economics NAME: Each of the 20 multiple choice questions is worth 3 points. Mark your answers on the ANSWER KEY on page 5. Also provide BRIEF answers to each of the 4 “essay type/logical” questions. Multiple-Choice Questions 1. A manufacturer produces 1‚000 basketballs each day‚ which it sells to customers for $30 each. All costs associated with production and sales total $10‚000; however‚ if the manufacturer were to produce one
Premium Economics Macroeconomics Supply and demand
1. Define state-dependent learning and encoding specificity. Then‚ explain three ways a student might apply these principles to enhance her learning in college courses. Using the results of experimental research‚ state why these suggestions for learning are likely to be successful. State-dependent learning occurs when the physical state of a person such as their internal mood‚ sleep‚ hunger‚ etc. are matched during encoding and retrieval. As for encoding specificity it states the context such as
Premium Education Learning Educational psychology
Overall I enjoyed the counseling the chemically dependent family class. I learned more about family systems approaches‚ and techniques for working with chemically dependent families. Throughout this counseling program we have been learning how to work with individual clients. This class was interesting because it involved the identified client and their entire family‚ while looking at these individuals in a systemic view. Throughout the course we had numerous course assignments to complete. In doing
Premium Psychology Psychotherapy Learning
incurrence until they finally become expenses on the income statement. 6. Is it possible for costs such as salaries or depreciation to end up assets on the balance sheet? Explain. 7. “The variable cost per unit varies with output‚ whereas the fixed cost per unit is constant.” Do you agree? Explain. 8. Only variable costs can be differential costs. Do you agree? Explain. Part 2: Compulsory Section Problem 1 (15 marks) Richmond‚ Inc.‚ operates a chain of 44 department stores. Two years ago‚ the board
Premium Variable cost Revenue Costs
doesn’t mean morals are always dependent on religion; as some people believe in autonomy where they believe the principles of morality are based on reason and experience (the morals from society) and not necessarily on religious concepts. Whereas people that believe in heteronomy believe that morality comes directly from god‚ so there for is dependent on it. However some people believe points from both sides so think that morality doesn’t have to be completely dependent on religion but does sometimes
Free Religion Morality Ethics
The independent woman. Independence in women has got to be one of the greatest jumps in the history of television. For years in the entertainment industry women have been represented as a subservient service to the husband and children‚ incapable of doing anything great with themselves other then fulfilling their duties as a housewife and mother. Today‚ they are known to be capable of anything. Whether it is being a single mother‚ to being able to provide for herself‚ in pursuit of her dreams
Premium Television
Professor Hilton Assignment: Research Paper 11-30-10 Independent Living Foster care is supervised care for delinquent or neglected children usually in an institution or substitute home. When a youth turns eighteen‚ he/she “ages out” of foster care. Once that happens‚ the youth now transitions from foster care to an Independent Living Program. The Independent Living Program is vitally important for the youth because it provides them with the necessary
Premium Foster care
Subject: Independent journalists vs. government censorship in internet age At the beginning of this year‚ the journalists from the newspaper Southern Weekly – a liberal Chinese newspaper- stood up to the government’s censorship. It appears that Chinese authorities cannot neglect people’s desire for the truth any longer since the awakened citizen will lean against draconian censorship. As social media1) explodes and online-based small media emerges‚ we have tremendous channels to access news and
Premium Freedom of speech Censorship Democracy
Indicative Independent Director The purpose of identifying and appointing independent directors is to ensure that the board includes directors who can effectively exercise their best judgment for the exclusive benefit of the Company‚ judgment that is not clouded by real or perceived conflicts of interest. IFC expects that in each case where a director is identified as “independent” the board of directors will affirmatively determine that such director meets the requirements established by the
Premium Corporate governance Executive director Management
Cost management | Wilkerson Company Case | | 1. What is the competitive situation faced by Wilkerson? The competitive situation faced by Wilkerson is quite severe. Price cutting in its main product has led to a huge drop in profit. While price increase in another product line partially made up the loss. We will discuss the detailed situation line by line. (1) Valves It was the first product line developed by Wilkerson and its high quality brought it a loyal customer base. Even
Premium Variable cost Costs Cost accounting