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G202 Exam 2 IU Kreft Questions And Answers 2024
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G202 Exam 2 IU Kreft Questions And Answers 2024
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G202 Exam 2 IU Kreft Questions AndAnswers 2024
conflict of interest CORRECT ANSWERS when a professional individual has a private
interest, sufficient enough to influence the pursuit of their official duties
self dealing CORRECT ANSWERS occurs when managers take advantage of their
position to further their own private interests rather than those of the firm
influence peddling CORRECT ANSWERS using ones position to secure benefits for a
third party
accepting benefits CORRECT ANSWERS Receiving bribes or non-monetary gifts
misuse of inside information CORRECT ANSWERS misusing confidential information
misuse employers property CORRECT ANSWERS personally gaining from employers
property without consent
outside employment or moonlighting CORRECT ANSWERS Holding multiple
employment positions at one time, which biases professional behavior
post employment CORRECT ANSWERS holding a sequence of employment positions
where you carry a bias from one job to the next
corruption CORRECT ANSWERS the abuse of entrusted power for private gain
petty corruption CORRECT ANSWERS Decisions made by low-level bureaucrats. Often
centered on local/regional regulations, licenses, or discretionary spending.
grand corruption CORRECT ANSWERS Decisions made by high-level politicians. Often
centered on national policy formation, infrastructure decisions, military equipment
procurement, or allocation of subsidies.
Sand perception of corruption CORRECT ANSWERS Corruption is associated with
(1) reduced GDP growth,
(2) reduced foreign direct investment,
(3) increased income inequality, and
(4) a misallocation of government property.
Oil Perception of Corruption CORRECT ANSWERS Corruption helps to speed up
commerce in an environment controlled by heavy bureaucracy and excessive regulation
Asian Agri Strengths CORRECT ANSWERS low cost, high reputation
, Palm Oil Industry Threats CORRECT ANSWERS labor shortage, new land ban, activist
pressure
Palm Oil Industry Opportunities CORRECT ANSWERS healthy, cheap, versatile,
growing demand
Crude Palm Oil Pros CORRECT ANSWERS demand growth, core competency,
incumbent advantage, already cleared land, international expansion, increased yield
Crude Palm Oil Cons CORRECT ANSWERS land ban, labor shortage, if international
expansion-> give up incumbent knowledge
Consumer Packaged Goods Pros CORRECT ANSWERS cheaper, leverage
traceability, diversified revenue
Consumer Packaged Goods Cons CORRECT ANSWERS activists target, no
advertising experience, competitive, cannibalize CPO sales
Asian Agri Update CORRECT ANSWERS focused on CPO's, acquired already cleared
land, got certifications
Market power CORRECT ANSWERS exists when firms are able to restrict competition
to sustain prices above marginal cost
market strategies to gain market power CORRECT ANSWERS guarding trade secrets,
control of essential resource, exclusive contracts and customer lock-in, collusion
non market strategies to gain market power CORRECT ANSWERS gov. licensing,
patents, incumbent expertise with corrupt gov., trade regulations, NGO certification
Optimal Sales Target CORRECT ANSWERS where MC=MR
Optimal Price CORRECT ANSWERS given the optimal sales target, price is found as a
markup over cost, where the markup factor depends on the demand for the product
perfect price discrimination CORRECT ANSWERS Occurs when a firm charges the
maximum amount that buyers are willing to pay for each unit.
imperfect price discrimination CORRECT ANSWERS Groups of consumers are charged
different prices.
-Profits are increased relative to using a single price, but not as high as using perfect
price discrimination.
-Consumer surplus is decreased, but consumer surplus is not equal to zero.
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