Micro
Shut down
What happens when nominal GDP rises faster than real GDP?
Inflation
What is the science of allocating resources to different opportunities to attain income, income stability, risk minimization, and/or company goals?
Management
If the benefit/cost ratio of a project is equal to one, what would be the net present value of the project?
Zero
GFI #191 limited the usage of what product in the feedlot?
implants
Assume the total cost function is given by: TC = 25 + 4.5Q. What happens to fixed costs when the output increases?
They do not change
What economic system has all economic, social and cultural activities regulated by a single authoritarian party?
Communism
For a firm, to whom does the acronym CFO refer to?
Chief Financial Officer
What type of loan may require only interest payments each period until the final payment when the entire principal is due?
Balloon
Caitlyn Clark plays for what WNBA team
Indiana Fever
A drought in midwest results in a significant loss in wheat production; however, total revenues for wheat increases. What does this indicate about the elasticity of demand for wheat?
the demand is inelastic
Unemployment that exists as a natural consequence of market activity where individuals are in-between jobs
Frictional unemployment
What are the four major elements or categories of a partial budget?
Additional Revenue, Reduced Revenue, Additional Costs, Reduced Costs
If (Total Assets/Total Liabilities) < 1, then the firm is what?
Insolvent
Who was the 2025 SuperBowl HalfTime performer
Kendrick Lamar
Assume goods A and B are substitutes. If the price of good B increases, what happens to the demand curve for good A assuming good A is a normal good?
Shifts to the right or outward
The assumption of "sticky prices" is central to what macro-economic model?
Keynesian macro-economics
What type of change is defined as one in the environment that will affect the long-run well-being of the organization?
Strategic
Current assets minus current liabilities represent the _________ ___________ of a business.
Working capital
What are pH values above 7.0 considered?
Alkaline
In Stage III of the classical produciton function, what measure of variable inputs is negative ?
Marginal physical product
In the classical model, what does the long run aggregate supply curve look like?
A vertical line (perfectly inelastic)
Specific, Measurable, Achieveable, Realistic, and Time-based
In inventory management, what is the term for the inventory level that should trigger an order to replenish supply?
Reorder Point
Upton Sinclair's book, "The Jungle" lead to a public outcry which led to the United States government establishing food safety procedures and guidelines. What year was "The Jungle" published?
1906