Quant
$0, $2, $4, $5
$0
Two variables are said to be __________ if one variable changes when the other variable changes.
Correlated
What management function is a company performing when it defines authority and communication channels for its employees?
organizing
Which function of management determines the objectives of business and how best to achieve them?
planning
Fertilizer, water, and excess feed are good examples in production for this law of _____________ _________ __________.
Diminishing Marginal Returns
A 20% increase in the quantity of pizza demanded results from a 10% decline in its price. This good's own price elasticity is _____________ and it has a(n) ________ demand curve
-2.0 and elastic
Secondary data might come from where?
Questionnaires Interviews Focus Groups Internal records and reports
Internal records and reports
Empowerment is related to which function of management?
Directing
Which is NOT a characteristic of a bureaucratic organization?
Authority Change Regulations Command structure
Change
A minimum price set by law is called a price _______.
floor
If the cross-price elasticity between goods B and A is -2 and the price of good B increases by 5%, the quantity demanded of good A will:
increase by 5% increase by 10%
decrease by 5% decrease by 10%
decrease by 10%
What term is used in research to denote the selection of a sub-set of the total population in order to interview them?
Sampling
Large inventories can be best classified as potential:
Strengths, opportunities, threats, weaknesses
What is a payment to a licensor based on the number or value of licensed items sold called?
Royalty
When what two curves intersection, stage I of production ends and stage II begins?
MPP and APP
$19.60 $8.40
$10.00
$10
Linear Regression is most similar to the _________ method of forecasting.
Trend Projection
What kind of law has a state enacted if individual employees cannot be forced to join a union or pay union dues and fees, even though a labor union has been elected by other employees?
Right to work laws
According to Mintzberg, managerial roles can be broken down into interpersonal, informational, and:
decisional, technical, conceptual
decisional
A firm's marginal cost is the increase in its total cost divided by the increase in its ___________.
output
Suppose a consumer, with an income of $100, faces a $1 price for soda and a $2 price for hot dogs. The consumer's budget line will intersect the hot dog and soda axes at ____ dogs and ________ sodas.
50 100
The coefficient of variation measures:
risk per unit of expected payoff
risk-adjusted expected value
payoff per unit of risk
risk per unit of expected payoff
Shareholders in a _______________ are liable only to the extent of their investment.
Corporation
TQM is a management philosophy that strives to involve everyone in a continual effort to improve quality and achieve customer satisfaction. What does TQM stand for?
Total Quality Management
In PC market, SR profits are observed to be negative. In the LR, one would expect the number of firms to __________, price to _________, and profit to be _______.
fall rise zero