Econ 102 quiz 5 - Study guides, Class notes & Summaries

Econ 102 Quiz 5 UPDATED Actual Exam Questions and CORRECT Answers 3 main factors of production - CORRECT ANSWER- land, labor, capital 3 other factors of production - CORRECT ANSWER- time, entrepreneur, finance why do entrepreneurs take risks - CORRECT ANSWER- because time is unknown

Econ 102 quiz 5.

ECON 102 QUIZ 1 QUESTIONS AND ANSWERS 1. What is the primary goal of financial management? A) Increased earnings B) Maximizing cash flow C) Maximizing shareholder wealth D) Minimizing risk of the firm 2. The partnership form of organization A) avoids the double taxation of earnings and dividends found in the corporate form of organization. B) usually provides limited liability to the partners. C) has unlimited life. D) simplifies decision making. 3. Increased pro...

Econ 102 quiz 5. Technological progress occurs when the economy gets more output A. without any more capital or labor. B. by using more capital per worker. C. by using more capital but not more workers. D. by using more labor but not more capital. Answer Key: A Question 2 of 10 10.0/ 10.0 Points If a firm increases its use of capital while holding constant the number of workers employed, the firm is said to experience A. capital augmentation. B. investment deepening. C. labo...

ECON 102 QUIZ 2 QUESTIONS AND ANSWERS 25. When using the economic order quantity model A) ordering costs increase as the level of inventory increases. B) carrying costs decrease as the level of inventory increases. C) costs are minimized when total carrying costs and total ordering costs are equal. D) none of the above Difficulty: Medium Type: Conceptual 26. Hedging A) is a way to protect your accounts receivable position. B) increases risk. C) is a lega...

ECON 102 QUIZ 1 QUESTIONS AND ANSWERS 1. What is the primary goal of financial management? A) Increased earnings B) Maximizing cash flow C) Maximizing shareholder wealth D) Minimizing risk of the firm 2. The partnership form of organization A) avoids the double taxation of earnings and dividends found in the corporate form of organization. B) usually provides limited liability to the partners. C) has unlimited life. D) simplifies decision making. 3. Increased pro...

ECON 102 QUIZ 3 / STUDY QUESTIONS AND ANSWERS UPDATED VERSION 2023/2024.ECON 102 QUIZ 3 / STUDY QUESTIONS AND ANSWERS UPDATED VERSION 2023/2024. EC102 Quiz 3 March 12th, 2008 On this day in 1876, Alexander Graham Bell successfully speaks the first words on a telephone by calling for his assistant: “Mr. Watson, come here!” (His second words were: “My bill is THAT much? No way!”) Clearly indicate a first choice and a second choice. If your first choice is right, you get 7 points...

ECON 102 QUIZ 2 QUESTIONS AND ANSWERS 25. When using the economic order quantity model A) ordering costs increase as the level of inventory increases. B) carrying costs decrease as the level of inventory increases. C) costs are minimized when total carrying costs and total ordering costs are equal. D) none of the above Difficulty: Medium Type: Conceptual 26. Hedging A) is a way to protect your accounts receivable position. B) increases risk. C) is a legal agreement to buy or se...

ECON 102 QUIZ 1 QUESTIONS AND ANSWERS 1. What is the primary goal of financial management? A) Increased earnings B) Maximizing cash flow C) Maximizing shareholder wealth D) Minimizing risk of the firm 2. The partnership form of organization A) avoids the double taxation of earnings and dividends found in the corporate form of organization. B) usually provides limited liability to the partners. C) has unlimited life. D) simplifies decision making. 3. Increased productivity ...