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I would like to get competent answers to this online examination in order to check your answers against mine before submitting it to the College .

http://online.pcdi.com/ec/crs/default.learn?CourseID=2668623&CPURL=online.pcdi.com&Survey=0&47=4709983&ClientNodeID=404668&coursenav=0&bhcp=1


Thank you
Submitted: 6 years ago.
Category: Homework
Expert:  angelkelly replied 6 years ago.

Hi,

The website cant be accessed as it requires a login.

Can you copy and paste the questions in to a file and upload that, so that the experts can take a look at it for you.

Thanks,

Kelly

Customer: replied 6 years ago.
Reply to angelkelly's Post: These are the questions that will appear on your actual exam. You can print these pages by right-clicking in the window and choosing “Print” from the menu that appears.



1. Enron management exploited the relationship between __________ in order to maximize profits. (Points: 5)
       government regulations and free enterprise
       producers and consumers
       supply and demand
       input market and an output market


2. What are profits? (Points: 5)
       The difference between revenues and expenses
       The total money taken in by a corporation
       Increases in a corporation's stock price
       Increases in income from year to year


3. Which of the following is not a factor of production? (Points: 5)
       Labor
       Capital
       Entrepreneurs
       Government


4. Which of the following is not an example of physical resources? (Points: 5)
       Office facilities
       Market forecasts
       Computers
       Production facilities


5. A planned economy relies on a central government to: (Points: 5)
       control all or most factors of production.
       support free enterprise in every way possible.
       encourage citizens to buy shares of stock in small corporations.
       keep its control activities to a minimum.


6. In a/an __________ market, firms buy resources from supplier households. (Points: 5)
       buyer
       supply
       output
       input


7. Which economic system provides for the private ownership of the factors of production, and also encourages entrepreneurship by offering profits as an incentive? (Points: 5)
       Socialism
       Capitalism
       Fascism
       Communism


8. The process of converting government enterprise into privately owned firms is called: (Points: 5)
       supply.
       demand.
       socialism.
       privatization.


9. Which of the following responses best defines the term demand in a market economy? (Points: 5)
       An inner desire that must be satisfied
       Willingness and ability of buyers to purchase a product, good, or service
       An order given to a supplier of a much-needed product
       A want and need felt by the consuming public in a free-market system


10. The law of demand maintains that buyers will purchase (demand) more of a product as its price: (Points: 5)
       rises.
       stays the same.
       drops.
       fits a person's personal planning budget.


11. A __________ shows how many of a given product will be supplied at different prices. (Points: 5)
       supply curve
       price list
       demand curve
       price control


12. __________ occurs when two or more businesses vie for the same resources or customers. (Points: 5)
       Socialism
       Competition
       Supply
       Conflict


13. In an oligopoly, when one firm reduces its prices, how do other members of the oligopoly react? (Points: 5)
       There is no reaction - usually.
       Other companies are not even aware that a change in price has taken place.
       Others may reduce their prices, but only very gradually.
       Others reduce their prices - usually quite quickly.


14. Economists refer to the pattern of short-term expansions and contractions in the economy as the: (Points: 5)
       standard of living.
       aggregate output.
       business cycle.
       consumer price index.


15. Increases in an economic system's standard of living result primarily from increases in: (Points: 5)
       productivity.
       real GNP.
       balance of trade.
       nominal GDP.


16. A nation's __________ is the economic value of all the products that a country exports minus the economic value of its imports. (Points: 5)
       standard of living
       balance of payments
       balance of trade
       national debt


17. A chief goal of an economic system is __________. This condition occurs when the amount of money available in the economic system and the quantity of goods and services produced in the economic system are growing at about the same rate. (Points: 5)
       growth
       stability
       productivity
       equality


18. The __________ is a measure of the prices of typical products purchased by consumers living in urban areas. (Points: 5)
       Gross National Product
       consumer price index
       national debt
       Gross Domestic Product


19. A/An __________ is a prolonged and deep recession. (Points: 5)
       decade
       expansion
       era
       depression


20. Taken together, fiscal policy and monetary policy make up __________ policy. (Points: 5)
       welfare
       financial
       military
       stabilization
nation text:
Expert:  angelkelly replied 6 years ago.

No problem, economics is my area :)

When do you need them for?

Thanks,

Kelly

Expert:  angelkelly replied 6 years ago.

1. Enron management exploited the relationship between __________ in order to maximize profits. (Points: 5)
government regulations and free enterprise
producers and consumers
supply and demand
input market and an output market

Essentially they manipulated the books and created other companies to look as though they werent in as much debt as they actually were - so I'd say the first choice is the most suited to this.


2. What are profits? (Points: 5)
The difference between revenues and expenses
The total money taken in by a corporation
Increases in a corporation's stock price
Increases in income from year to year


3. Which of the following is not a factor of production? (Points: 5)
Labor
Capital
Entrepreneurs
Government


4. Which of the following is not an example of physical resources? (Points: 5)
Office facilities
Market forecasts
Computers
Production facilities


5. A planned economy relies on a central government to: (Points: 5)
control all or most factors of production.
support free enterprise in every way possible.
encourage citizens to buy shares of stock in small corporations.
keep its control activities to a minimum.


6. In a/an __________ market, firms buy resources from supplier households. (Points: 5)
buyer
supply
output
input


7. Which economic system provides for the private ownership of the factors of production, and also encourages entrepreneurship by offering profits as an incentive? (Points: 5)
Socialism
Capitalism
Fascism
Communism


8. The process of converting government enterprise into privately owned firms is called: (Points: 5)
supply.
demand.
socialism.
privatization.


9. Which of the following responses best defines the term demand in a market economy? (Points: 5)
An inner desire that must be satisfied
Willingness and ability of buyers to purchase a product, good, or service
An order given to a supplier of a much-needed product
A want and need felt by the consuming public in a free-market system

It could have easily been the second choice but the market economy is also known as the free market economy which makes it more applicable. It would depend upon what you have been taught in class.


10. The law of demand maintains that buyers will purchase (demand) more of a product as its price: (Points: 5)
rises.
stays the same.
drops.
fits a person's personal planning budget.


11. A __________ shows how many of a given product will be supplied at different prices. (Points: 5)
supply curve
price list
demand curve
price control


12. __________ occurs when two or more businesses vie for the same resources or customers. (Points: 5)
Socialism
Competition
Supply
Conflict


13. In an oligopoly, when one firm reduces its prices, how do other members of the oligopoly react? (Points: 5)
There is no reaction - usually.
Other companies are not even aware that a change in price has taken place.
Others may reduce their prices, but only very gradually.
Others reduce their prices - usually quite quickly.


14. Economists refer to the pattern of short-term expansions and contractions in the economy as the: (Points: 5)
standard of living.
aggregate output.
business cycle.
consumer price index.


15. Increases in an economic system's standard of living result primarily from increases in: (Points: 5)
productivity.
real GNP.
balance of trade.
nominal GDP.


16. A nation's __________ is the economic value of all the products that a country exports minus the economic value of its imports. (Points: 5)
standard of living
balance of payments
balance of trade
national debt


17. A chief goal of an economic system is __________. This condition occurs when the amount of money available in the economic system and the quantity of goods and services produced in the economic system are growing at about the same rate. (Points: 5)
growth
stability
productivity
equality


18. The __________ is a measure of the prices of typical products purchased by consumers living in urban areas. (Points: 5)
Gross National Product
consumer price index
national debt
Gross Domestic Product


19. A/An __________ is a prolonged and deep recession. (Points: 5)
decade
expansion
era
depression


20. Taken together, fiscal policy and monetary policy make up __________ policy. (Points: 5)
welfare
financial
military
stabilization

Thanks,

Kelly

angelkelly, Tutor
Category: Homework
Satisfied Customers: 303
Experience: homework helper for over 10 years. History, Economics, English and more...
angelkelly and other Homework Specialists are ready to help you
Customer: replied 6 years ago.
Reply to angelkelly's Post: Thank you for your competent answers !
I have checked them against mine : 5 of these ( mine ) were uncorrect !

I think I'll need your help further !
I'll let you know in the next future: I'm attending the Ashworth University Associate degree program
in Computer Information Management.
Expert:  angelkelly replied 6 years ago.

Thanks!

Glad I could help :)

Any time you need me in future just pop my name in the title and click on my name to the right of the screen when your posting a question and I'll be right with you.

Thanks again,

Kelly

Customer: replied 6 years ago.
Reply to angelkelly's Post: These are the questions that will appear on your actual exam. You can print these pages by right-clicking in the window and choosing “Print” from the menu that appears.



1. Samuel Waksal attempted to sell ImClone stock prior to the public announcement of the FDAs denial of ImClone's application for a potentially lucrative cancer drug. This action taken by Waksal constitutes: (Points: 5)
       legal trading.
       insider trading.
       theft.
       collusion.


2. Save-a-Bunch Hardware has doubled its prices for plywood and other building supplies after a tornado strikes the area. Save-a-Bunch Hardware is guilty of: (Points: 5)
       price gouging.
       price lining.
       maximization.
       price fixing.


3. When evaluating a decision based on the ethical norm of utility, a manager will consider which of the following questions? (Points: 5)
       Is the decision consistent with what we regard as fair?
       Does the decision respect the rights of the individuals involved?
       Is the decision consistent with people's responsibilities to each other?
       Does the decision optimize what is best for those who are affected by it?


4. The most effective step that a company can take to promote ethical behavior is to: (Points: 5)
       demonstrate top management support of ethical standards.
       conduct frequent comprehensive audits of all financial information.
       monitor employee behavior on an ongoing basis.
       have employees sign a code of conduct when hired.


5. Through __________, companies formally acknowledge their intent to do business in an ethical manner. (Points: 5)
       government regulations
       EEOC guidelines
       codes of ethics
       blue sky laws


6. The way in which a business tries to balance its commitments to groups and individuals in its social environment is called: (Points: 5)
       business ethics.
       social responsibility.
       socialization.
       corporate responsibility.


7. Which of the following has not been identified as a basic consumer right? (Points: 5)
       Consumers have a right to safe products.
       Consumers have a right to be heard.
       Consumers have a right to be informed about a product.
       Consumers have right to low prices.


8. The current whistle-blower law stems from which of the following pieces of legislation? (Points: 5)
       The Clayton Act of 1914
       The Sherman Act of 1890
       The False Claims Act of 1863
       The Taft-Hartley Act of 1948


9. As a rule, irresponsible behavior toward shareholders means abuse of a firm's: (Points: 5)
       managers.
       suppliers.
       customers.
       financial resources.


10. A key to business success is to decide in advance how to respond to the issues that underlie all questions of ethical and: (Points: 5)
       social responsibility.
       compensatory damages.
       governmental support.
       personnel complaints.


11. Approximately __________ percent of all U.S. businesses employ 20 or fewer people. (Points: 5)
       95
       86
       38
       19


12. Which of the following business enterprises buys products from manufacturers or other producers and then sells the products to retailers? (Points: 5)
       Retailers
       Service farms
       Wholesalers
       Agriculture stores


13. In a __________, an entrepreneur summarizes business strategy for a new venture and shows how it will be implemented. (Points: 5)
       venture capital plan
       business plan
       franchise agreement
       master limited partnership


14. Which of the following sources of funds is usually relied on by individuals starting up new businesses? (Points: 5)
       Bond markets
       Stock markets
       Personal resources
       Capital markets


15. According to SBA estimates, only __________ percent of all new businesses can expect to survive for six years. (Points: 5)
       10
       20
       30
       40


16. Marsha Brady has organized her craft shop as a sole proprietorship. Her sister has warned her about __________, the legal principle holding Marsha responsible for paying off all debts of the business. (Points: 5)
       unlimited liability
       limited liability
       continuity
       unrestricted debt


17. Partnerships, like sole proprietorships, could lack: (Points: 5)
       trust.
       continuity.
       profits.
       clarification.


18. Top managers hired by the board of directors to run the corporation on a day-to-day basis are called: (Points: 5)
       staff members.
       first-line supervisors.
       officers.
       stockholders.


19. A summary of the company's financial health, communicated with stockholders and potential investors, is contained in the: (Points: 5)
       proxy.
       company newsletter.
       company magazine.
       annual report.
second examination quiz : Need your help again !

20. A strategy in which a firm decides to take a part of its existing business operations and either sell it to another corporation or set it up as a new independent corporation is called a/an: (Points: 5)
       divestiture.
       takeover.
       acquisition.
       merger
Expert:  angelkelly replied 6 years ago.
THIS ANSWER IS LOCKED!
You can view this answer by clicking here to Register or Login and paying $3.
If you've already paid for this answer, simply Login.
angelkelly, Tutor
Category: Homework
Satisfied Customers: 303
Experience: homework helper for over 10 years. History, Economics, English and more...
angelkelly and other Homework Specialists are ready to help you
Customer: replied 6 years ago.
A good work ! Once again I was wrong with 6 answers !
Expert:  angelkelly replied 6 years ago.

My pleasure! :)

 

Customer: replied 6 years ago.
This is to inform you that im my second examination I have gained 80/100 score !

Thank you for you precious help !

Luciano

PS There is intead a technical problem with a my first
examination performance : I 'll let you know later.

Unit 2 Online Exam 2
Numeric grade: 80/100 Letter grade:
Comments:
(none)
Close Window

Autograde Summary
Date Taken: 3/14/2008 9:40:39 AM
Time Spent: 0:20:23 (12:00 allowed)
Points Received: 80 / 100 (80%)
These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below.
Question Type: # XXXXX: # XXXXX:
Multiple choice 20 16



Grade Details

1. Question: Samuel Waksal attempted to sell ImClone stock prior to the public announcement of the FDAs denial of ImClone's application for a potentially lucrative cancer drug. This action taken by Waksal constitutes:

Your Answer:legal trading.
insider trading.
theft.
collusion.

Comments:

2. Question: Save-a-Bunch Hardware has doubled its prices for plywood and other building supplies after a tornado strikes the area. Save-a-Bunch Hardware is guilty of:

Your Answer:price gouging.
price lining.
maximization.
price fixing.

Comments:

3. Question: When evaluating a decision based on the ethical norm of utility, a manager will consider which of the following questions?

Your Answer:Is the decision consistent with what we regard as fair?
Does the decision respect the rights of the individuals involved?
Is the decision consistent with people's responsibilities to each other?
Does the decision optimize what is best for those who are affected by it?

Comments:

4. Question: The most effective step that a company can take to promote ethical behavior is to:

Your Answer:demonstrate top management support of ethical standards.
conduct frequent comprehensive audits of all financial information.
monitor employee behavior on an ongoing basis.
have employees sign a code of conduct when hired.

Comments:

5. Question: Through __________, companies formally acknowledge their intent to do business in an ethical manner.

Your Answer:government regulations
EEOC guidelines
codes of ethics
blue sky laws

Comments:

6. Question: The way in which a business tries to balance its commitments to groups and individuals in its social environment is called:

Your Answer:business ethics.
social responsibility.
socialization.
corporate responsibility.

Comments:

7. Question: Which of the following has not been identified as a basic consumer right?

Your Answer:Consumers have a right to safe products.
Consumers have a right to be heard.
Consumers have a right to be informed about a product.
Consumers have right to low prices.

Comments:

8. Question: The current whistle-blower law stems from which of the following pieces of legislation?

Your Answer:The Clayton Act of 1914
The Sherman Act of 1890
The False Claims Act of 1863
The Taft-Hartley Act of 1948

Comments:

9. Question: As a rule, irresponsible behavior toward shareholders means abuse of a firm's:

Your Answer:managers.
suppliers.
customers.
financial resources.

Comments:

10. Question: A key to business success is to decide in advance how to respond to the issues that underlie all questions of ethical and:

Your Answer:social responsibility.
compensatory damages.
governmental support.
personnel complaints.

Comments:

11. Question: Approximately __________ percent of all U.S. businesses employ 20 or fewer people.

Your Answer:95
86
38
19

Comments:

12. Question: Which of the following business enterprises buys products from manufacturers or other producers and then sells the products to retailers?

Your Answer:Retailers
Service farms
Wholesalers
Agriculture stores

Comments:

13. Question: In a __________, an entrepreneur summarizes business strategy for a new venture and shows how it will be implemented.

Your Answer:venture capital plan
business plan
franchise agreement
master limited partnership

Comments:

14. Question: Which of the following sources of funds is usually relied on by individuals starting up new businesses?

Your Answer:Bond markets
Stock markets
Personal resources
Capital markets

Comments:

15. Question: According to SBA estimates, only __________ percent of all new businesses can expect to survive for six years.

Your Answer:10
20
30
40

Comments:

16. Question: Marsha Brady has organized her craft shop as a sole proprietorship. Her sister has warned her about __________, the legal principle holding Marsha responsible for paying off all debts of the business.

Your Answer:unlimited liability
limited liability
continuity
unrestricted debt

Comments:

17. Question: Partnerships, like sole proprietorships, could lack:

Your Answer:trust.
continuity.
profits.
clarification.

Comments:

18. Question: Top managers hired by the board of directors to run the corporation on a day-to-day basis are called:

Your Answer:staff members.
first-line supervisors.
officers.
stockholders.

Comments:

19. Question: A summary of the company's financial health, communicated with stockholders and potential investors, is contained in the:

Your Answer:proxy.
company newsletter.
company magazine.
annual report.

Comments:

20. Question: A strategy in which a firm decides to take a part of its existing business operations and either sell it to another corporation or set it up as a new independent corporation is called a/an:

Your Answer:divestiture.
takeover.
acquisition.
merger.

Comments:
Customer: replied 6 years ago.
I'm here again, Kelly :
Please give your answers to examination 3, in order I can check them against mine.


These are the questions that will appear on your actual exam. You can print these pages by right-clicking in the window and choosing “Print” from the menu that appears.



1. The total annual volume of world trade today is: (Points: 5)
$8 trillion.
$3 trillion.
$1 trillion.
$1 billion.


2. The __________, signed after World War II, sought to eliminate trade barriers such as tariffs and quotas. (Points: 5)
North American Free Trade Agreement (NAFTA)
Fair Labor Standards Act (FLSA)
General Agreement on Tariffs and Trade (GATT)
Angstaddt Treaty


3. According to the authors of the textbook, since its founding, NAFTA has resulted in an increase in U.S. exports to: (Points: 5)
Mexico and Canada, and a decrease in U.S. imports from Mexico and Canada.
Mexico, a decrease in U.S. exports to Canada, and a decrease in imports from Mexico and Canada.
Mexico and Canada, and an increase in U.S. imports from Mexico and Canada.
Mexico, a decrease in U.S. exports to Canada, and an increase in imports from Mexico and Canada.


4. The United States largest trading partner is: (Points: 5)
Mexico.
China.
Japan.
Canada.


5. Saudi oil, Brazilian coffee beans, and Canadian timber are close examples of: (Points: 5)
absolute advantage.
monopoly power.
comparative advantage.
oligopoly advantage.


6. The United States has a large trade deficit with which of the following countries? (Points: 5)
Brazil
Japan
South Korea
Bulgaria


7. The U. S. has a trade surplus with which of the following countries? (Points: 5)
Canada
Germany
Australia
Taiwan


8. Bridget wishes to purchase some English tea priced at 12 pounds from an online seller. At an exchange rate of 2.0 dollars to the pound, Bridget will pay: (Points: 5)
$32.00.
$24.00.
$21.00.
$18.00.


9. Which of the following types of payments are usually received by an exporter, as an ongoing payment, calculated as a percentage of the license holder's sales? (Points: 5)
Flat fees
Quantity discounts
Direct investments
Royalties


10. Associations of producers that control supply and prices are called: (Points: 5)
independent agents.
foreign direct investments.
business offices.
cartels.


11. The purpose of __________ strategy is to determine the firm's overall attitude towards growth and the way it will manage its business or product lines. (Points: 5)
functional
corporate
business
mission


12. Increasing sales by 4% in the next eight months is an example of a/an: (Points: 5)
short-term goal.
tactic.
strategy.
intermediate goal.


13. __________ analysis focuses on external factors, while __________ analysis focuses on internal factors. (Points: 5)
Organizational; environmental
Environmental; organizational
Governmental; environmental
Governmental; functional


14. The management function of __________ involves setting goals, developing a strategy to reach each goal, and designing plans to implement each strategy. (Points: 5)
processing
developing
planning
controlling


15. The process of monitoring a firm's performance to make sure that it is meeting its goals is referred to as: (Points: 5)
planning.
production.
controlling.
directing.


16. Titles such as plant manager, operations manager, and division manager designate which of the following levels of management? (Points: 5)
Middle managers
Second-line managers
First-line managers
Top managers


17. Which of the following managers are responsible for production, inventory, and quality control? (Points: 5)
Information managers
Human resources managers
Financial managers
Operations managers


18. The skills needed to perform specialized tasks are called __________ skills. (Points: 5)
motor
technical
human relations
conceptual


19. Which of the following managers depends most on conceptual skills? (Points: 5)
First-line managers
Production managers
Middle managers
Top managers


20. The shared experiences, stories, beliefs, and norms that characterize an organization are called: (Points: 5)
its corporate culture.
its production philosophy.
a mission statement.
human resources management.
Expert:  angelkelly replied 6 years ago.

Hi there,

Sorry for the delay (it is confusing when you reply to the old question instead of opening a new one as a new one would show differently in my emails)

Which text book is this test refering to, as some portions seem to be based upon that specific books content?

Thanks,

Kelly

Customer: replied 6 years ago.
Hello, kelly !
my answers are as follows :

1-$ 8 trillion
2-GATT
3-third answer
4-Canada
5-absolute advantage
6-Japan
7-Australia
8-$ 24.00
9-Royalties
10-business
11-short-tem goal
12-second answer
14-planning
15-controlling
16-
Middle Managers
17-Operations Managers
18-technical
19.Top Managers
20-its corporate culture

The textbook used is BUSINESS essentials
by Ronald j. Ebert and Ricky W Griffin,
Pearson/ Prentice Hall ( USA ).
Fifth Edition-2005.
I find it a very well done book !

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