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
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Optional Section In this part‚ the learners have to choose four of eight questions for answering. If you give the right responses‚ you will obtain 2.5 marks per one statement (i.e. this part is for 10 marks). 1. Why is adherence to ethical standards important for the smooth functioning of an advanced market economy? 2. Briefly describe what is meant by enterprise risk management. 3. Describe what is meant by a “pull” production system. 4. Describe the schedule of cost goods manufactured. How does it tie
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Tammy Wang‚ a new customer‚ to fulfill a large one-time-only special order for a product similar to one offered to regular customers. The following per unit data apply for sales to regular customers: Direct materials $455 Direct labor 300 Variable manufacturing support 45 Fixed manufacturing support 100 Total manufacturing costs 900 Markup (60%) 540 Targeted selling price $1440 Grant’s Kitchens has excess capacity. Ms. Wang wants the cabinets in cherry rather than oak‚ so direct
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Variables Question Independent Variables: SRCBELT SRC BELTCODE - 0 NOT ASSIGNED; 1 = 12 LRGST SMSA’S; 2 = SMSA’S 13-100; 3 = SUBURB‚ 12 LRGST; 4 = SUBURB‚ 13-100; 5 = OTHER URBAN; 6 = OTHER RURAL Recoded as City (1‚ 2)‚ Suburbs (3‚4)‚ Rural (5‚6) Dependent Variables: HAPPMAR MNTLHLTH GUNLAW ABANY TEENSEX “Taking all things together how would you describe your marriage?” FIGURES 1-4. "Now thinking about your mental health‚ which includes stress‚ depression
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SCHOOL UNIVERSITY OF LAHORE Locate two examples (e.g ‚ Advertisements‚ Articles etc.) Depicting practices that are consistent with the Societal Marketing concept and two examples of business practices that contradict this concept . Explain your choices? Societal Marketing Concept: The societal marketing concept is an enlightened marketing concept that holds that a company should make good marketing decisions by considering consumer’s wants‚ company’s requirements
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What are some important qualities of a good schoolteacher? Use specific details and examples to explain why these qualities are important. Many students sometime increase their higher education at their academic center by their schoolteacher having a better understanding of his or her occupation. To be of high quality‚ the good schoolteacher requires some important qualities: being very disciplined employee‚ giving them the courage‚ gaining knowledge. First‚ the schoolteacher
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Perception and Societal Factors In order to illustrate societal factors that influence individual perception‚ I’ve chosen episode three of the British TV series “Endeavour1.” This crime drama series‚ set in 19652‚ follows a Detective Constable‚ Endeavour Morse‚ as he solves the weekly murder mystery. This episode centers on a homicide investigation; the victim of which is found in a storeroom of a missile factory about to be visited by a member of the royal family. I chose this particular episode
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that they required more components and more labor than the other two products‚ as well as more production runs and shipments. Due to variety of product and competitors’ overlooking‚ the price rise did not have apparent effect on demand. 2. Given some of the apparent problems with Wilkerson’s cot system‚ should executives abandon overhead assignment to products entirely by adopting a contribution margin approach in which manufacturing overhead is treated as a period expense? Why or why not? Given
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What is societal marketing? Societal Marketing in organizations aims in fulfilling the demands and needs of the consumers effectively and efficiently than their competitors keeping in mind the well being of the consumers and the society. This concept of societal marketing is based on social responsibility and it suggests that a company which only believes in exchange relationship with the consumers might not sustain long in the market. Therefore it is emphasized that marketers must look into satisfying
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there are societal restrictions and pressures that add to the wrongful convictions. The previously mentioned amicus curiae brief also argued this idea saying “wrongfully convicted women not only are punished for crimes they did not commit‚ but also are vilified in the court of public opinion for violating societal expectations based on their gender” and it argues that “society unfairly deems female suspects guilty” with an “automatic condemnation” ( ). What contributes to this are societal expectations
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