Economic recessions - Study guides, Class notes & Summaries

Managerial economics is best defined as the economic study of: a. how businesses can sell the most products. b. how businesses can operate at the lowest costs. c. how businesses can decide on the best use of scarce resources. d. how businesses can make the most profits. correct answers c. how businesses can decide on the best use of scarce resources. Managerial economics: a. describes how pay for managers is set. b. helps managers make decisions in the face of scarcity. c. explains w...

What is Macroeconomics?* correct answers Macroeconomics is the study of aggregate behavior, including, unemployment, inflation, recessions, and other economy wide phenomenon. What is the difference between microeconomics and macroeconomics?* correct answers Macroeconomics = the study of aggregate behavior, including, unemployment, inflation, recessions, and other economy wide phenomenon. Microeconomics = The study of individual decision making by firms and individuals. What are the thr...

Purdue ECON 252 Final Exam Questions and Answers Already Passed Properties of economic fluctuations 1) Co-movement in economic aggregates 2) Limited predictability 3) Persistence in the rate of growth The Great Depression of 1929‒1933 illustrates the three key properties of economic fluctuations Aggregate A whole formed by combining several (typically different) elements Marginal product of labor When output price rises, the labor demand curve shifts to the right - more labor is demanded at...

Which of the following terms is used to describe the actors and forces outside marketing that affect marketing management's ability to build and maintain successful relationships with target customers? A) marketing environment B) marketing orientation C) strategic planning D) target markets E) marketing mix Answer: A AACSB: Analytical thinking Skill: Concept Objective: LO 3.1: Describe the environmental forces that affect the company's ability to serve its customers. Difficulty: ...

What is a Business? - Answer-an organization that provides goods and services to earn a profit What is a nonprofit? - Answer-any profits generally put back into the organization, instead of going to owners/shareholders Examples of non-profit goals: - Answer-- environmental preservation - Mental health - decreasing homelessness Roles of Business in Society (5) - Answer-- employment -production of goods/services we want/need - innovation of new goods/services - community leadership/suppor...

A rising stock market index due to higher share prices a. decreases people's wealth, but is unlikely to increase their willingness to spend b. increases people's wealth and as a result may increase their willingness to spend c. decreases the amount of funds that business firms can raise by selling newly-issued stock d. increases people's wealth, but is unlikely to increase their willingness to spend - correct answer-b. increases people's wealth and as a result may increase their willing...

New trend in global sports - Answer--Sports Market in North America will grow. (71.1 B in 2018 to 83.1 B in 2023) -Revenue Sources -Gambling -New stadiums Four Major Revenue Sources - Answer-1.) Media rights 2.) Gate Revenue 3.) Sponsorship 4.) Merchandising Sports gambling industry - Answer--The sport gambling industry has been transformed and is the most significant catalyst shaping today's sports market Facility Capital Funding/Financing - Answer--The industry is reaching the end ...

MIE 480 Exam 1 Questions and Answers Already Passed What is "Strategy"? Strategy is a set of actions to achieve company objectives. It's a high- level plan on how to achieve objectives (often related to profitability). Company profitability is significantly determined by the: Industry structure; Firm competitive advantage (where we stand relative to other firms) Strategic choice: A strategic choice has a basic structure - 1. Identify the objective or goal. 2. Formulate the alt...

Certain future challenges for the turfgrass industry include ALL except correct answer: biofuels Which of the major warm season grasses are listed as "state noxious" weed in texas correct answer: none Sod sales are most impacted by correct answer: residential home construction in double fertilization, the fertilized egg develops into the embryo... correct answer: false Plant age, photoperiod, temp & management are all factors that influence rhizome and stolon growth. correct an...

Bloomberg Questions and Answers Already Passed Analysts maintain estimates. What is in the Relevance column? Volume of alerts set up for each indicator. The greater the investor interest, the greater the relevance. Both are at full strength for PMI and employment. Business confidence (PMI): business people make large investments and hire people when they think there will be additional demand in the future. BEST LEADING INDICATOR TO ALERT FORTHCOMING TURNING POINTS. Can PMI indica...