Quant
What is a model?
A term for a simplified representation of reality
What does ECR stand for?
Efficient consumer response
What type of inflation is caused by an increase in aggregate demand?
Demand-pull inflation
What is a market structure with only a few buyers?
Oligopsony
_________ is when one organization grants another permission to use a registered brand, symbol, process, patent, etc.
Licensing
Other than continuous what form can statistical data take?
Discrete
What is the term for a security which promises a fixed-coupon payment at equal intervals forever?
Perpetuity
What type of income tax would help stabilize a cyclical economy?
Graduated (income tax)
What do we call the demand for inputs used to produce goods and services?
Derived Demand
What are the two largest cost components of the marketing bill?
Labor and packaging.
What do we call a copy of a matrix where the rows and columns are interchanged?
Transpose
What term describes a reduction in the value of an asset?
Capital Loss
It may be misleading to label a trade deficit as "unfavorable" or "adverse" because?
American consumers benefit from a trade deficit during the period it occurs
The income elasticity of demand for normal goods has what sign?
positive
What do we call the return of a transport vehicle to its origin, after it has delivered its cargo?
"back haul"
In linear programming, the term ____________ is used to describe whether a resource constraint is a minimum constraint, a maximum constraint, or an equality.
type
Intellectual property, goodwill, and brand recognition, while not physical in nature, all contribute to a firm's bottom-line profits and are therefore referred to as?
intangible assets
According to the Keynesian economic model, a depression is caused by _____.
Insufficient aggregate expenditures or demand
In game theory, what type of game is said to exist when one person's (or firm's) gain is another person's (or firm's) loss?
zero sum game
The importance of advertising to the firm's marketing effort is given by which ratio?
Advertising to sales
What does the acronym ARCH stand for?
Auto-regressive conditional heteroscedasticity
Common in real estate, the unpaid balance of a relatively short-term loan (e.g., five years) which is due in full at the end of the period is known as a(n)?
Balloon Payment
What do we call a clause in a wage contract that raises wages in times of inflation
COLA (cost of living adjustment)
Oligopoly can approach monopoly if cooperation is close among the sellers. The most extreme form of cooperation is a ____________.
cartel
For an option that is "in-the-money," the difference between the strike price and the futures price is known as the option’s _________ value.
intrinsic