Chapter 9 Student: ___________________________________________________________________________ 1. A stronger Korean won‚ remembering that Kia cars sold in the United States are paid for in dollars‚ means what for Kia? A. a need to hedge Japanese yen B. a use for the Euro‚ a neutral currency C. less profit D. a use for gold to protect against currency fluctuations E. more profit 2. The _____________ is a market for converting the currency of one country into that of another. A. foreign exchange
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Chapter 9 Answers: 1. Consideration consists of mutual exchange of gains and losses between contracting parties. In the exchange‚ a gain by the offer is at the same time a loss to the offeror. The legal term used to designate the gain that each party experiences is that party ’s legal benefit. Consideration has three characteristics 1) The agreement must involve a bargained-for exchange; 2)the contract must involve adequate consideration; and 3) the benefits and detriments promised must themselves
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MEMORY / COGNITION TEST REVIEW SHEET Chapter 9 – Memory MEMORY: The persistence of learning over time through the storage and retrieval of information. FLASHBULB MEMORY: A clear memory of an emotionally significant moment or event. Example: 9/11 Terrorist Attacks ENCODING: The processing of information into the memory system. Example: Adding meaning to the information. STORAGE: The retention of encoded information over time. RETRIEVAL: The process of getting information out
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Chapter 1 A Framework for Business Analysis and Valuation Using Financial Statements 3. Joe Smith argues that “learning how to do business analysis and valuation using financial statements is not very useful‚ unless you are interested in becoming a financial analyst.” Comment. Business analysis and valuation skills are useful not only for financial analysts but also for corporate managers and loan officers. Business analysis and valuation skills help corporate managers in several ways.
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other device that stands between the network and Internet is using NAT (Network Address Translation). 8. Why is it unlikely that you will find the IP address 192.168.250.10 on the internet? This is a private IP address not available on the network. 9. If no DHCP server is available when a computer configured for dynamic IP addressing connects to the network‚ what type of IP address is assigned to the computer? Automatic Private IP Address (APIPA) 10. If a computer is found that have an IP address
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outcome are countable 8. The mean life of pair of shoes is 40 months with a standard deviation of 8 months. If the life of the shoes is normally distributed‚ how many pairs of shoes out of one million will need replacement before 36 months? 308‚500 9. If the sampled population has a mean of 48 and standard deviation 16‚ then the mean and the standard deviation for the sampling distribution x for n=16 48 and 4 10. The MPG (MILES PER GALLON) for a mid-size car is normally distributed with a mean of
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Chapter 9 Notes * Salespeople should understand the customer’s needs in order to suggest solutions. * The Approach refers to the time from when they first see the buyer to when they begin to discuss the product. * Prospects want to know how you and your product will benefit them and the companies they represent. * Sales approach should initially establish and thereafter concentrate on‚ your product’s key benefits for each prospect. * Creative Imagery-allows them to better cope
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As we approach the 13th anniversary of 9/11‚ America’s air security is more stable. We are more prepared to confront any threats against our airlines. Prior to September 11‚ 2001‚ there was only limited technology in place to protect the threats to passengers or the aircraft. Prior to 9/11‚ security had been handled by each airport‚ which outsourced to private security companies. Immediately following the attacks‚ congress created the TSA agency. The new TSA implemented procedures that included stricter
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(Laudon/Traver) Chapter 9 Online Content and Media 1) The publishing and entertainment industries make up the largest share of the commercial content marketplace. Answer: TRUE Diff: Moderate AACSB: Application of knowledge 2) The average American still spends more time watching television than using the Internet. Answer: TRUE Diff: Moderate AACSB: Application of knowledge 3) The impact of the Internet on media appears to be decreasing the total demand for media. Answer: FALSE Diff: Moderate
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Chapter 6 Perfectly Competitive Markets 1. A firm sells a product in a perfectly competitive market‚ at a price of $50. The firm has a fixed cost of $30. Fill in the following table and indicate the level of output that maximizes profit. How would the profit-maximizing choice of output change if the fixed cost increased from $40 to $60? More generally‚ explain how the level of fixed cost affects the choice of output. The table is as follows: Output (Units) Total Revenue ($/unit) Total Cost ($/unit)
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