Homework Answers
Ans31) the correct option is a) a bottleneck procedure
Ans32) the correct option is d) both a and b
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QUESTION 31 2.5 poin All of these could be sources of economies of scale except a....
QUESTION 40 All of these could be sources of economies of scale except O a. Discounts...
QUESTION 40 All of these could be sources of economies of scale except O a. Discounts on bulk purchase of inputs b. Investment in more efficient technology c. Specialization d. A bottleneck procedure Click Save and Submit to save and submit. Click Save All Answers to
d. Only A&B QUESTION 26 All of these could be sources of economies of scale except...
d. Only A&B QUESTION 26 All of these could be sources of economies of scale except a. A bottleneck procedure b. Investment in more efficient technology c. Discounts on bulk purchase of inputs d. Specialization QUESTION 27 Suppose the demand for pens increases and the supply for pens decreases. What effect will it have on the equilibrium price for pens? a. None b. It will rise c. It will fall d. Uncertain QUESTION 28 A rising average cost implies that...
QUESTION 33 Profits of a monopoly are driven to zero a. Immediately in the short-run as assets freely move from lo...
QUESTION 33 Profits of a monopoly are driven to zero a. Immediately in the short-run as assets freely move from low-valued uses to high-valued uses instantly b. In the long run because the assets eventually move from low to high valued use c. In the short run because the demand curve becomes more elastic d. In the long run because the demand curve becomes more inelastic QUESTION 34 Attractive industries have all the following attributes, except a. High supplier power...
- 0061 362 370 380 395 120 130 140 QUESTION 29 15 Firms have a competitive advantage when a. They can deliver the s...
- 0061 362 370 380 395 120 130 140 QUESTION 29 15 Firms have a competitive advantage when a. They can deliver the same product benefits as their competitors but at a lower cost b. They can deliver superior product at a similar cost c. Both of the above d. None of the above QUESTION 30 A price elasticity of demand of -0.67 implies a. Demand is elastic O b. Demand is inelastic c. Demand is unitary elastic d. Demand...
QUESTION 20 All these are characteristics of a monopoly except, a Has few substitutes b. Controls...
QUESTION 20 All these are characteristics of a monopoly except, a Has few substitutes b. Controls a large share of the market c. There is one seller of the product d Controls a small share of the market QUESTION 21 Assumptions that underlie the Resource-based View include a Resource heterogeneity b.Resource immobility c Barriers to entry d. Both a and b QUESTION 22 A demand curves describes a the amount of units a producer will sell at a given price...
Economies of scale arise from all of the following sources, EXCEPT A. serving domestic and international...
Economies of scale arise from all of the following sources, EXCEPT A. serving domestic and international markets from the same production facilities B. serving global markets C. increasing fixed costs by limiting them to small volumes D. bargaining with suppliers to bring down the cost of key inputs
QUESTION 38 Assumptions that underlie the Resource-based View include a. Resource heterogeneity b. Resource immobil...
QUESTION 38 Assumptions that underlie the Resource-based View include a. Resource heterogeneity b. Resource immobility c. Barriers to entry d. Both a and b QUESTION 39 Diminishing marginal productivity implies a. decreasing average costs b. increasing marginal costs c. decreasing total costs d. decreasing marginal costs QUESTION 40 A monopoly has a. A perfectly elastic demand curve b. A less elastic demand curve than a competitive firm c. An inelastic demand curve d. A perfectly elastic supply curve Clic! San
All of the following are guidelines for managing cross-functional teams EXCEPT O a. Clarify expectations within...
All of the following are guidelines for managing cross-functional teams EXCEPT O a. Clarify expectations within and between teams. O b Train members in teamwork and process management. c. Get early involvement from all functional areas. Od. Seek to create a critical mass of leadership. e. Encourage team members to stay within their functional roles. QUESTION4 Because it is often very difficult and costly to measure the variables that are most closely tliniked with critical outcomes, organizations often O a...
13) The cost the Almy type of market 7) The market is an example of A)...
13) The cost the Almy type of market 7) The market is an example of A) mattress: a monopoly B) com a perfectly competitive C) car insurance an oligopoly D) cell phone; a perfectly competitive 5) airplane manufacturing a monopolistically competitive 8) What is the difference between perfect competition and monopolistic competition? A) Perfect competition has a large number of small firms while monopolistic competition does not in monopolistic competition, firms produce identical goods, while in perfect competition, firms produce...
Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between...
Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between international trade and domestic trade More complex context More difficult and risky Higher management skills required 3. Basic concept s relating to international trade Visible trade & invisible trade Favorable trade & unfavorable trade General trade system & special trade system Volume of international trade & quantum of international trade Commodity composition of international trade Geographical composition of international trade Degree / ratio of...
QUESTION 40 All of these could be sources of economies of scale except O a. Discounts on bulk purchase of inputs b. Investment in more efficient technology c. Specialization d. A bottleneck procedure Click Save and Submit to save and submit. Click Save All Answers to
d. Only A&B QUESTION 26 All of these could be sources of economies of scale except a. A bottleneck procedure b. Investment in more efficient technology c. Discounts on bulk purchase of inputs d. Specialization QUESTION 27 Suppose the demand for pens increases and the supply for pens decreases. What effect will it have on the equilibrium price for pens? a. None b. It will rise c. It will fall d. Uncertain QUESTION 28 A rising average cost implies that...
QUESTION 33 Profits of a monopoly are driven to zero a. Immediately in the short-run as assets freely move from low-valued uses to high-valued uses instantly b. In the long run because the assets eventually move from low to high valued use c. In the short run because the demand curve becomes more elastic d. In the long run because the demand curve becomes more inelastic QUESTION 34 Attractive industries have all the following attributes, except a. High supplier power...
- 0061 362 370 380 395 120 130 140 QUESTION 29 15 Firms have a competitive advantage when a. They can deliver the same product benefits as their competitors but at a lower cost b. They can deliver superior product at a similar cost c. Both of the above d. None of the above QUESTION 30 A price elasticity of demand of -0.67 implies a. Demand is elastic O b. Demand is inelastic c. Demand is unitary elastic d. Demand...
QUESTION 20 All these are characteristics of a monopoly except, a Has few substitutes b. Controls a large share of the market c. There is one seller of the product d Controls a small share of the market QUESTION 21 Assumptions that underlie the Resource-based View include a Resource heterogeneity b.Resource immobility c Barriers to entry d. Both a and b QUESTION 22 A demand curves describes a the amount of units a producer will sell at a given price...
QUESTION 38 Assumptions that underlie the Resource-based View include a. Resource heterogeneity b. Resource immobility c. Barriers to entry d. Both a and b QUESTION 39 Diminishing marginal productivity implies a. decreasing average costs b. increasing marginal costs c. decreasing total costs d. decreasing marginal costs QUESTION 40 A monopoly has a. A perfectly elastic demand curve b. A less elastic demand curve than a competitive firm c. An inelastic demand curve d. A perfectly elastic supply curve Clic! San
All of the following are guidelines for managing cross-functional teams EXCEPT O a. Clarify expectations within and between teams. O b Train members in teamwork and process management. c. Get early involvement from all functional areas. Od. Seek to create a critical mass of leadership. e. Encourage team members to stay within their functional roles. QUESTION4 Because it is often very difficult and costly to measure the variables that are most closely tliniked with critical outcomes, organizations often O a...
13) The cost the Almy type of market 7) The market is an example of A) mattress: a monopoly B) com a perfectly competitive C) car insurance an oligopoly D) cell phone; a perfectly competitive 5) airplane manufacturing a monopolistically competitive 8) What is the difference between perfect competition and monopolistic competition? A) Perfect competition has a large number of small firms while monopolistic competition does not in monopolistic competition, firms produce identical goods, while in perfect competition, firms produce...
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