1. In project management the
acronym CPM is used for:
a) Communist Party of Marx
b) Critical Project Methods
c) Critical Path Method
d) Common Program Milestone
basic difference between macroeconomics and microeconomics is that
a) Macroeconomics looks at the forest (aggregate markets), while
microeconomics is concerned with the individual trees
b) Macroeconomics is concerned with policy decisions, while
microeconomics applies only to theory.
c) Microeconomics is concerned with the forest (aggregate markets),
while macroeconomics is concerned with the trees (components).
d) Opportunity cost is applicable to macroeconomics, and the fallacy of
composition relates to microeconomics.
3. If the service rate decreases
as the arrival rate remains constant, then, in general:
a) customer waiting time increases.
customer waiting time decreases.
c) service costs increase.
customer dissatisfaction decreases.
Which of the following is NOT an example of an opportunity for a
Identification of a previously overlooked market segment
b) Improved buyer or supplier relationships
c) Positive changes in regulatory circumstances
d) Strong reputation and image with a key demographic
5. The demand of a product is 20, 25, 35, 50 units with probability .2,
.3, .4, and .1, respectively. The probability that demand will be at
least 30 is:
6. Products are classified as being business or consumer products
according to the
objectives of the firm
buyer's intended use of the product
types of stores from which they are bought
Seller's intended use of the product
7. Assume that until
yesterday, one U.S. dollar could be exchanged for 85 Japanese yens.
Today, a dollar gets you 102 yens. Which of the following statements
a) U.S. goods will
be more expensive in Japan.
b) Japanese goods
will be more expensive in the U.S.
c) U.S. goods will
be the same price in Japan.
d) Japanese goods
will be the same price in the U.S.
8. Alabama Airlines has three planning
specialists who help division managers develop their own division
plans. Serving as consultants to the divisions, the planning
specialists give advice about strengths, weaknesses, opportunities,
and threats. Alabama Airlines is utilizing what approach to the
Centralized planning department
Decentralized planning staff
Planning task force
Centralized planning committee
9. Which of the following would be most likely to lead to a
decrease in a firm’s
dividend payout ratio?
a) Its earnings become more stable.
b) Its access to the capital markets increases.
Its R&D efforts pay off, and it now has more high-return investment
d) Its accounts receivable decrease due to a change in its credit
10. Below is the common equity section (in millions) of a
company’s last two year-end balance sheets:
Common Stock $1,000 $2,000
Retained Earnings $2,340 $2,000
Total common Equity
company has never paid a dividend to its common stockholders. Which
of the following statements is CORRECT?
The company’s net income in 2006 was higher than in 2005.
b) This company issued common stock in 2006.
c) The market price of this company’s stock doubled in 2006.
d) This company had positive net income in both 2005 and 2006, but the
company’s net income in 2006 was lower than it was in 2005.
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