Monopoly period - Guides d'étude, Notes de cours & Résumés

3 phases of 2007 collapse - 1. mortgage 2. financial crisis 3. recession 1. identify the tangible assets of land and buildings 2. denote the bundle of rights associated with the ownership of property 3. activities related to the acquisition, operation, disposition of physical assets - 3 ways to describe "Real Estate" poorly built real estate and the effects of decisions in real estate last a long time - durability real estate gets added to the market in relatively large chunks, hard to...

WPC 480 Exam 1 Latest Update Graded A+ Strategy An integrated set of goal-directed actions a firm takes to gain and sustain competitive advantages. Vision What do we want to accomplish? Mission How do we accomplish our goals? And what do we do to accomplish our goals? Stakeholders organizations, groups, and individuals. They can affect or are affected by a firm's actions. Competitive Advantage superior performance relative to other competitors in the same industry or the in...

Final Exams ECON 1580 Introduction to Economics Question 1 If the price of chocolate-covered peanuts increases and the demand for strawberry licorice twists increases, this indicates that these two goods are: a. unrelated goods. b. superior goods. c. inferior goods. d. substitute goods. Question 2 A decrease in the demand facing a monopoly firm would _______ quantity and _______ price. The demand is inelastic. a. increase; increase b. increase; decrease c. decrease; increase d. decrease; decreas...

acting without a license ( producer regulation) - a person may not sell solicit or negotiate insurance in the state of Michigan for any line of insurance unless licensed for that qualifications; exceptions include administrative employees working for an agent a home office employee ect adverse selection(methods of handling risk) - the tendancy of less than average risks to purchase or cont to be covered by insurance resulting increased claims and reduced profitability agent - solicit insura...

If, when a firm doubles all its inputs, its average cost of production decreases, then production displays A) diminishing returns. B) economies of scale. C) diseconomies of scale. D) declining fixed costs. correct answers B) economies of scale. The long-run average cost curve shows A) the lowest average cost of producing every level of output in the long run. B) where the most profitable level of output occurs. C) the average cost of producing where diminishing returns are not present....

WGU C201 Business Acumenbalanced budget situation in which total revenues raised by taxes equal the total proposed spending for the year. budget organization's plan for how it will raise and spend money during a given period of time. taxes, fees, and borrowing. The primary sources of government funds to cover the costs of the annual budget are budget deficit situation in which the government spends more than the amount of money it raises through taxes. budget surplus ex...

TN New Affiliates Practice Final Exam Already Passed Typical disclaimers by the real estate firms and licensees who are party to the purchase transaction would include -not responsible for violations of the Licensing Act. -not liable for damages caused by inspectors. -not responsible for representations made about suitability of the property for a particular use. *not responsible for the performance of buyer or seller. In addition to being a contract between a licensee and a seller ...

____ have both tangible and intangible characteristics. - Products _____ are responsible for tactical planning that will implement the general guidelines established by top management. - Middle managers ___________ exists when there are many small businesses selling one standardized product. - Pure competition ___________ is an account showing money owed to a company by its clients or customers. - Accounts receivable A budget surplus, when a nation spends less than it takes in from taxes,...

ECON 304 Final Exam - Questions with Verified Answers The law of demand suggests that as price rise the quantity of a good purchased will also rise. False When drawing a graph of demand, price is generally placed on the vertical axis. True Changes in the price of a good are considered demand shifters. False Demand is defined as the various quantities of a good or service that people are willing and able to buy at various prices during some time period. True The law of demand is a fairly weak l...

Exercise 1 Industries with cartels Brieáy describe and analyze a case of your choice concerning a price- or quantity-Öxing cartel (please not OPEC). The following questions may be useful to bear in mind: What are the relevant characteristics of the industry? What was the scope of the cartel? How was the cartel enforced? What were the e§ects of the cartels? How did the competition authority or court argue and what was the decision, if any? Exercise 2 Collusion and pricing Two (advertis...