Fourth Formation Cinema and Aboriginal

Question: Talk about the Fourth Formation Cinema and Aboriginal. Answer: Presentation: More than its business achievement that brought the maker cum executive a gigantic benefit of 17,915, what represented the uniqueness of Jedda, is that the film was the primary film of its sort to cast the Aboriginal entertainers ahead of the pack jobs (Lucas 2015). The most one of a kind part of the film was that Ngarla Kunoth playing the nominal character has been demonstrated neither as a lady getting mistreated by the White Europeans, nor is found to acclimatize the European view of the world. Or maybe this film shows the less spoken to subject of an African lady being caught between the universe of innate impulses and the world that requests osmosis. The film Jedda was the last element movie of the executive Charles Chauvel, and the chief was very much aware that the film probably won't be a significant hit in the cinema world, given that it had two Australia on-screen characters Ngarla Kunoth and Robert Tudawali ahead of the pack, but his fear was end up being incorrectly. The very motivation behind why the film has accepted a noteworthy situation in the dictionary of Australian film history is that Jedda was the principal Australia coordinated shading film and that made the truly necessary promotion for the film. The following component solidifying the original spot of the film in the Australian film industry is that it was additionally the principal film that was being welcomed at the Cannes Film Festival. Jedda is clearly a film that outlines a basic yet sad story of a youthful Aboriginal young lady, Jedda who was being raised by a White lady, Sarah who attempts her best to disconnect and remove poor Jedda from the traditions and conventions of her networks. In any case, as Freud and Jung would state, the fundamental characteristics of an individual keep on remaining in the psyche, and Jedda understands her inner mind want for Marbuk once he shows up at the station. In any case, the film is only a grievous story with an anticipated succession of occasions, with the main plausible stun coming toward the end, when the couple chooses to pick demise over the social analysis. The storyline is exceptionally plain, straightforward and unsurprising from the earliest starting point, with not very many astonishing components. Be that as it may, what really keeps the perusers consideration drew in is the sensational component inborn in the story where the nominal hero is being torn between a ref ined, piano-playing British honorable man and her unyielding fascination towards a full-blood Aboriginal, viewed as the savage in the film. The amazing acting of the account was being brought firmly by every one of the entertainers, and exceptional notice must be made of Kunoth (Rayner 2016). In spite of the fact that Kunoth takes the spotlight with her incredible execution in the film, note that the expert aptitude of Kunoth was not as honorable as the way Chauvel guided the film to use and catch her regular capacity. Obviously, Robert has likewise risen as a ground-breaking screen character in the film. More than having proficient mastery, the Aboriginal entertainers of the period required no unique, skilled ability to play out their jobs, as they while acting in motion pictures like Jedda during the 1970s were returning to their past encounters just (Stadler et al. 2014). Another exceptionally appealing element of the film that without a moment's delay strikes the peruser is its shading photography, which is during the greater part of the occasions profoundly sublime, with its rich display coming to past the traditional principles of Hollywood. In any case, putting aside the acting aptitudes of the heroes and the splendid cinematography, what really amuses the crowd is the estimable treatment of the Aborigines by the Director. Actually, the credit to be sure redounds to Chauvel for having masterfully taken care of every one of the Aborigine entertainers, by transposing their sentiments onto the celluloid in a manner that is engaging any film goer of the time. A portion of the characters have additionally been splendidly depicted in the film, for example the character of Marbuck, who with the assistance of his attractive physical nearness just as his sexuality exclusively commands the screen since the time he shows up on screen. Nonetheless, one thing that cause the film to lose its intrigue in the current day, is its slanderous demeanor towards the Aboriginals. All through the film, if a peruser cautiously watches the discoursed, he will have the option to see that tidiness and immaculateness have consistently been related with the possibility of a White man, while negative characteristics, for example, earth or interruption are exemplified by the Aborigines (Starrs 2016). Be that as it may, however such a film including inside and out racial resentment may very well rebuff the crowd of the current decade, what can in any case hold the consideration of the crowd is the electrifying substance, as the film comprises of scenes where Jedda is being pursued somewhere near the Aboriginal darling through the crocodile plagued water, and further there is a crocodile cutting and engaging scene also (Hamilton 2015). To finish up, on the off chance that one needs to rate the film Jedda, he can without much of a stretch case that the film justifies a 4 star rating. Evidently managing the basic subject of between racial love, the film really features a significant part of the life of the Aborigines-regardless of how diversely are they being reared and raised, an Aboriginal individual can never get away from the Aboriginal senses and interests throughout her life. The film on the double honoring and elevating the Australian North, rises to be a decent open air experience, with an eye on enumerating the portrayal and occurrence. Reference List: Hamilton, E., 2015. Australia. What Fresh Hell Is This?: Conceptualizing the Australian Western in The Proposition. InThe Post-2000 Film Western(pp. 131-146). Palgrave Macmillan UK. Lucas, R., 2015. Jedda.Metro Magazine: Media Education Magazine, (184), p.102. Rayner, J.R., 2016. The Cinematic Northern Territory of Australia. Stadler, J., Mitchell, P. what's more, Carleton, S., 2014. A social map book of Australia: intervened spaces in film, writing, and theater. Starrs, D.B., 2016. Fourth Formation Cinema and Aboriginal Australian/Aboriginal Canadian Sovereignty.Quarterly Review of Film and Video,33(4), pp.362-376.

A Hero Inside and Out the Court Free Essays

What does it takes to turn into a legend? As the vast majority would reply, a saint ought to have certain characteristics including mental fortitude, dependability, trustworthiness, liberality, benevolence and some other astounding attributes. What's more, an individual could be viewed as a legend in the event that he has done a noteworthy commitment for a mind-blowing duration. Obviously, a saint is being noted for his noteworthy accomplishments in any field of attempt that he seeks after. We will compose a custom paper test on A Hero Inside and Out the Court or on the other hand any comparative point just for you Request Now Earvin â€Å"Magic† Johnson is a saint all around the court. His striking accomplishment and commitments made him as the beneficiary of the third Annual USA Today Hollywood Hero Award. Earvin â€Å"Magic† Johnson became mainstream principally in view of his b-ball aptitudes. His ball vocation began when he was still in secondary school at the Michigan State where he drove the group to title in the year 1979. His aptitudes as a player in the Michigan State kept on boosting and qualified him to play at the National Basketball Association (NBA). B-ball turned into a significant piece of Magic Johnson’s life. His authority quality in this field is only one of the characteristics which mirror his gallant deeds. In the year 1991, Johnson was determined to have the destructive AIDS infection (Pollock 426). This defining moment in his life makes him resign from playing b-ball. Yet, notwithstanding the way that he was tainted with the said infection, Johnson was never debilitated to proceed with his life. In actuality, he indicated a ton of mental fortitude when he uncovered to the world that he is a HIV-constructive individual. He was never embarrassed about his condition yet rather he utilized this as an approach to assist others with becoming progressively mindful of the infection. As per an exploration led by Pollock (426), the disclosure of Magic Johnson had changed the demeanor of individuals about AIDS and it additionally adjusted their conduct so as to keep away from the infection. Johnson’s declaration had impact and educated most regarding people in general about the fatalities of the infection. To certain individuals, having the said infection would make them engage negativities and stop them in accepting with their motivation throughout everyday life. Be that as it may, to Johnson, it was the turned around that occurred. After realizing that he has the infection, he builds up an establishment which plans to teach the adolescent just as other people with respect to AIDS (Tucker 1). He likewise seeks after his fantasy about turning into an agent notwithstanding of his condition. Johnson’s consideration and liberality was reflected through his few ventures which intend to help and build up the capability of the dark locals in business and initiative. He raised assets and loans his administrations to zones which are underserved. He had been liberal and kind to those individuals in which the state appears to sabotage. Johnson never becomes weary of aiding and offering his favors to others particularly the individuals who are out of luck. Another demonstration of thoughtfulness that Johnson indicated was the point at which the Hurricane Katrina hit the nation. His Foundation, joined forces with various supermarkets and drugstores, gave solutions and food supplies to the survivors of the said storm. The prestigious b-ball player and agent additionally expressed that he would secure approaches to produce positions to the individuals who have been uprooted (Tucker 1). The works, demeanor, characteristics and commitment of Magic Johnson defended his accomplishment as the beneficiary of the USA Today’s National Hero Award. He is to be sure a man with great and brave deeds. His exercises and demeanor sets a genuine guide to the young and a motivation to the individuals who appears to give up in proceeding with the skirmish of life. Inside the court, he have the administration, uplifting disposition and dedication to his partners while outside the court, he gave his grace, liberality, outmost concern and ability in helping others. A standard individual with unprecedented characteristics, that spells the name of Earvin â€Å"Magic† Johnson. Work Cited Pollock III, Philip H. â€Å"Issues, values, and crucial points in time: Did 'Magic’ Johnson change popular supposition on AIDS?† American Journal of Political Science 38 (1994): 426. Exhaust, Laura. â€Å"Business Hero: Magic Johnson.† 5 May 2008 ;http://www.myhero.com/myhero/hero.asp?hero=Magic_05;. ; ; ; ; ; ; ; The most effective method to refer to A Hero Inside and Out the Court, Essay models

Howard Gardners Theory of Multiple Intelligence

Howard Gardner's Theory of Multiple Intelligence Whenever you stroll into a study hall brimming with understudies jumping mid-air, painting enthusiastically, singing profoundly, or composing frantically, its feasible you have Howard Gardners groundbreaking Frame of Mind: The Theory of Multiple Intelligencesâ to thank. At the point when Gardners hypothesis on numerous insights turned out in 1983, it fundamentally changed instructing and learning in the U.S. furthermore, around the globe with the idea thatâ there is more than one approach to learn -  in reality, there are at any rate eight! The hypothesis was an enormous takeoff from the more customary financial technique for instruction in which the educator basically stores information into the students mind and the student must get, remember and repeat.â Rather, Gardner tore open the possibility that a separated student may learn better by utilizing an alternate type of knowledge, characterized as a biophysical potential to process data that can be enacted in a social setting to take care of issues or make items that are of incentive in a culture. This challenged the past accord on the presence of a solitary, general knowledge or g factor that could be effortlessly tried. Despite what might be expected, Gardners hypothesis sets that every one of us has at any rate one prevailing knowledge that educates how we learn. A few of us are progressively verbal or melodic. Others are increasingly legitimate, visual, or sensation. A few students are profoundly reflective while others learn through social elements. A few students are particularly sensitive to the normal world though others are profoundly open to the otherworldly world.â Gardners 8 Intelligenceâ What precisely are the eight kinds of intelligenceâ posited in Howard Gardners hypothesis? The seven unique intelligenceâ are:â Visual-Aestheticâ learners think as far as physical space and like to peruse or picture their words. Bodily-Kinestheticâ learners are definitely mindful of their physical bodies and like innovative development and making things with their hands. Musical learners are delicate to a wide range of sound and regularly get to taking in through or from music, be that as it may, one may characterize it. Intrapersonal learners are thoughtful and intelligent. They learn through autonomous investigation and independently directed experiences. Interpersonal students learn through social connection with others and appreciate bunch elements, joint effort, and encounters.Linguistic students main avenue for affection and words and appreciate learning through verbal expression.Logical-Mathematicalâ learners think adroitly, intelligently, and numerically about the world and appreciate investigating designs and relationships.â In the mid-1990s, Gardner included an eighth intelligence:â Naturalisticâ learners have an affectability to the common world and can without much of a stretch identify with plant and creature life, enjoyingâ patterns found in the environment.â Hypothesis in Practice: Multiple Intelligences in the Classroom For some teachers and guardians working with students who battled in customary study halls, Gardners hypothesis came as a consolation. While a students knowledge was recently addressed when the individual in question thought that it was trying to get a handle on ideas, the hypothesis pushed instructors to perceive that every understudy has horde potential. Numerous insights filled in as a source of inspiration to separate learning encounters so as to suit the various modalities in some random learning setting. By changing the substance, procedure, and desires for a last item, instructors and teachers can arrive at students who in any case present as hesitant or unable. An understudy may fear learning jargon through test-taking yet help up when requested to move, paint, sing, plant, or build.â The hypothesis welcomes a lot of innovativeness in instructing and learning and in the course of the most recent 35 years, expressions teachers, specifically, have utilized the hypothesis to create expressions coordinated educational programs that recognize the intensity of aesthetic procedures to deliver and share information across center branches of knowledge. Expressions mix adopted off as a strategy to instructing and learning since it taps masterful procedures as subjects all by themselves as well as devices for preparing information in other branches of knowledge. For instance, a verbal, social student illuminates when they find out about clash in stories through exercises like theater. A coherent, melodic student remains drew in when they find out about math through music production.â Actually, Gardners partners at Project Zero at Harvard University went through years investigating the propensities for specialists at work in their studios to find how aesthetic procedures may educate best practices in instructing and learning. Lead researcher Lois Hetland and her group distinguished eight Studio Habits of Mind that can be applied to learning over the educational plan at any age with any sort of student. From figuring out how to utilize apparatuses and materials to connect with complex philosophical inquiries, these propensities discharge students from the dread of disappointment and spotlight rather on the joys of learning.â Are There Limits to Containing Multitudes?â Various insights welcome boundless opportunities for educating and learning, yet probably the greatest test is deciding a students essential insights in any case. While a large number of us have anâ instinct about how we like to get the hang of, having the option to recognize ones prevailing learning style can be a deep rooted process that requires experimentation and adjustment over time.â Schools in the United States, as an impression of society everywhere, frequently place imbalanced incentive on phonetic or consistent numerical insight, and students with knowledge in different modalities hazard getting lost, underestimated, or overlooked. Learning patterns like experiential learning, or ‘learning by doing’ endeavors to counter and right this inclination by making the conditions to tap however many insight as could be allowed in the creation of new information. Teachers now and then regret an absence of organization with families and note that except if the hypothesis stretches out to learning at home, the strategies don’t consistently hold in the study hall and students keep on battling against stacked expectations.â Gardner additionally cautions against marking students with some random knowledge over another or suggesting unintended chains of importance of significant worth among the eight sorts of insight. While every one of us may lean toward one knowledge over another, we likewise can possibly change and change after some time. Various insights applied to instructing and learning settings ought to enable as opposed to confine students. Despite what might be expected, the hypothesis of various insights fundamentally extends our huge and undiscovered potential. In the soul of Walt Whitman, numerous insights advises us that we are mind boggling, and we contain multitudes.â Amanda Leigh Lichtenstein is an artist, essayist, and instructor from Chicago, IL (USA) who at present parts her time in East Africa. Her expositions on expressions, culture, and instruction show up in Teaching Artist Journal, Art in the Public Interest, Teachers Writers Magazine, Teaching Tolerance, The Equity Collective, AramcoWorld, Selamta, The Forward, among others. Visit her site.

Birth of Social Philosophy Essay Example

Birth of Social Philosophy Essay It ascends in the second 50% of the XIX Century, in some European nations, and somewhat later in the United States and different nations. For a few, Social Psychology showed up in 1859, alongside the reconsidered release of Great Soviet Encyclopedia by Steintahl and Lazarus. This magazine puts Social Psychology as a part of brain science middle class. For other people, the social brain research developed lately in the ninth century, with the procedure of psychologizing of Sociology. As it very well may be seen, there is no agreement with respect to the date and setting where social brain science was conceived. The non-Soviet social brain research shares for all intents and purpose with the middle class human science the inclination to legitimize the belief system of private enterprise. Be that as it may, you can not diminish its Social Psychology common ideological capacity, it likewise manages genuine issues, and gives techniques to acquiring and planning logical data. As per Kuzmin, Social Psychology has taken two unmistakable ways: one attempts to address the issues of Psychology, different serves the approach of the decision classes (as middle class human science). Thusly, it gets hard to contend that social brain science is nearer to brain science or humanism. To Mansurov, Social Psychology borns on account of the accomplishments of the different sociologies. Be that as it may, it perceives that reason alone was insufficient, what was even affected the ideological and political interests of the bourgeoisie. Mansurov fortifies considering the to be brain science as a part of average humanism, prepared to shield the decision class in the progressive development of the regular workers. As indicated by Pariguin (content creator), Social Psychology, goes a long ways past this ideological character that a few researchers attempt to force it. We will compose a custom article test on Birth of Social Philosophy explicitly for you for just $16.38 $13.9/page Request now We will compose a custom paper test on Birth of Social Philosophy explicitly for you FOR ONLY $16.38 $13.9/page Recruit Writer We will compose a custom paper test on Birth of Social Philosophy explicitly for you FOR ONLY $16.38 $13.9/page Recruit Writer It is unremarkable to accept that Social Psychology serving just the interests of a minority. Who ran a little from the shortsighted examination was ISKon, connecting the rise of social brain research with the psychologizing of Sociology. For him, the brain research of the center of this century overlooked social elements and the particular idea of the aggregate awareness. Involved just the brain science of the person. For the creator, considering the epistemological foundations of social brain research is as significant as thinking about its social roots. In this way, Social Psychology additionally seems to address the issues of the improvement of logical information. †¢ SOURCES OF SOCIAL PSYCHOLOGY: Gordon Allport calls attention to Plato as the organizer of unreasonable inclination in social brain research. This is on the grounds that Plato belittled the thinking capacity of the majority. By and large, antiquated scholars detested the job of the majority in the public arena. Helvetius featured the significance of social condition for the training of man xo job of inner voice and the interests of the person to the improvement of society. Feuerbach stressed the passionate factor in the correspondence procedure of individuals and human connections in the improvement of every single social connection. Hegel was one of the recorded procedure that psychologized. He legitimized the activities emerging from the majority as their needs and interests. Numerous issues identified with social brain research are in progress of the early average masterminds. Regardless of this, we can not think of them as the organizers of social brain science as a logical control free. Incomprehensible, as well, credited to the making of the abstract romantic social brain science, as they had as a reality just the emotional universe of the individual. What's more, the hopeful objectives? Considered as a solitary reality as just the outright thought, are likewise disposed of as makers of social brain science. The class battle, which was the leitmotiv of the middle class upsets of the seventeenth-century, raised the requirement for an examination on the brain research of mass developments for a legitimate comprehension of the importance of chronicled occasions. At this time of emergency the conventional visionary origination of history, who better mirrored the quirks of certain psychosocial layers was Balzac, with his pictures of social sorts of the century France. XIX. Balzac had the option to draw in the consideration of sociologists and rationalists to the issues of brain science classes, through their specialty. To Labriola, Balzac was the person who found the brain science classes, not Auguste Comte. Against the average idea, the French students of history Thierry, Mignet and Guizot were the first to perceive the significant job of the majority ever. As per Thierry, is increasingly agreeable for most students of history give the legend some significant changes of a specific culture, rather than conceding the fundamental job of individuals in these changes. Crafted by Marx and Engels had incredible impact on the common sociologists and analysts, who came to think about the mass progressive development as a dynamic power of verifiable turn of events. The investigation of the brain research of individuals and the majority is a factor start of Social Psychology. †¢ BIRTH OF PSYCHOLOGY AS A BRANCH OF DIFFERENT SECTORS OF SOCIOLOGY: Many areas of Sociology had enthusiasm for Social Psychology. Language specialists, for instance, was crucial to the social brain research itself, through crafted by Lazarus, Stheinthal, and even Wilhelm Wundt. Aside from semantics, likewise impacted Anthropology, Archeology and Ethnography. All the more explicitly in the mental territory, we discover impacts of General Psychology and Psychiatry. We can find the primary establishments of psychosocial direction in brain science in crafted by clinicians and Baudouin McDougall, Wundt and Ribot. Toward the start of the century XX, the therapist Sigmund Freud was utilized to contemplate social brain science and the social character of the mystically adapted hypochondrias and psychoses of the majority. Uncommon FEATURES OF THE BIRTH OF CURRENT PSYCHOLOGICAL SOCIETY BOURGEOIS: Chronologically, we can arrange the procedure of psychologizing of middle class human science in the most recent decade of a century ago. I acknowledge this procedure, numerous middle class sociologists have had no real option except to concede that the era of the succeeding century legends of the majority, as the French humanist and marketing expert G. Le Bon. Be that as it may, while recognizing the intensity of the majority, the middle class sociologists and social clinicians despite everything bore hints of philosophical customs. Strengthening these conventions, the resistance of free enterprise pointed the mass progressive development as something nonsensical and ruinous. Hence, the psycho-middle class couldn't legitimize the significant job of the majority ever, inside a logical origination. The psycho G. Mikhailovsky late humanist and thought about essential to the authority of the saint and his capacity of proposal regarding the aggregate oblivious. They accepted that individuals need a model to be imitated, not having the option to act deliberately. Seeing one in social sychology ideological instrument, prepared to shield the abuse of laborers, as reactionary G. Tarde, Le Bon and Social Psychology Sighele created toward this path, regarding individuals as rebels and crooks, annihilating the request. For Le Bon, knowing the mental quirks of a people is the initial step to acing it. Social brain research as a science autonomous conceived between 1930-1940. 2. Improvement OF BOURGEOIS SOCIAL PSYCHOLOGY. Hea dings AND ITS CHARACTERISTIC TRAITS †¢ BOURGEOIS SOCIAL PSYCHOLOGY OF THE END OF XIX CENTURY AND THE BEGINNING OF THE CENTURY. XX: We can recognize two phases in the improvement of average social brain research: the first goes from the second 50% of the century to the primary quarter of the century XX; the second is that period to the current day. In the primary time frame, two patterns are observable: one considers the to be of the person as a result of society; the other depends on the individual (psycho-individual), and attempts to clarify both the brain science of society, similar to every single other sign of public activity. Inside this pattern, there are two flows: the organismic and profundity brain science. Organicists depended on the rudimentary clairvoyant responses that man has acquired the creatures, to clarify the marvels of public activity. The individuals who managed the profundity brain science (among them Freud) attempted to find the mental system of individual conduct, considering the sex drive. Be that as it may, the psychosocial origination of Freuds informal. In contrast to Freud, Mikhailovsky and G. Evening arranged the oblivious mental procedures in the authority of the individual and the imitative limit of the majority. In spite of the distinctions all the agents of profundity brain science tried to clarify public activity by mental elements. Between the century's end. Furthermore, mid nineteenth century. XX, created in social brain research to sociological pattern, which set the person as a result of society. Ribot, Blondel and Piaget supported this thought. Another chain that rises in this period in social brain research is the inclination biosocial. The neopositivists P. Caullet and E. V. Roberti were delegates of this current. Auguste Comte stresses the socially adapted nature of the human mind; Durkheim talks about the socially decided character of the clairvoyant capacities. Inside the current biosocial emerges behaviorism, which think about the organic elements, interfacing with physiological procedures and the social condition. Behaviorism, which had its prime during the First World War, was later lost ground to the profundity brain science, particularly for Freudianism, and afterward to neofreudism. A significant part of middle class social brain science is its propensity t

Global Entrepreneurship and Development Index †MyAssignmenthelp

Question: Talk about the Global Entrepreneurship and Development Index. Answer: Presentation: This paper looks at about the simplicity of working together record (EODB). World Bank built up this record to quantify the guidelines influencing the organizations. High-positioning nations in the EODB record means that the earth is increasingly reasonable for beginning and working a nearby association (Doing Business in Australia-World Bank Group, 2018). Australia is chosen to comprehend its EODB record and the difficulties looked by recently settled business association. Australia is presently positioned 14 out of 190 nations in the EODB file (Acs, Szerb Lloyd, 2017). The EODB file is clarified with 10 unique themes. The first and most significant advance of any business association is to arrangement the business, as per the EODB record of Australia the beginning of business is easy. Managing development business assists with understanding the strategies, cost and time requires in building a distribution center, which likewise incorporates licenses and allows. In managing development grants Australia positions sixth in DB positioning. The following subject of EODB file is getting power. This theme characterizes the time and cost requires acquiring lasting power flexibly for an association. Australia positions 47, which is a major issue for a recently settled association. Enrolling property clarifies the time, cost and steps, which i s expected to enlist a property. In this theme, Australias DB rank is 51, which implies it is very difficult to enroll a property in Australia than a large portion of the nation. Getting credit is the following subject in EODB file, which investigates two unique issues insolvency laws in loaning and the quality of credit detailing frameworks. Australias DB rank is six in getting credit. Australias quality of securing minority speculators is exceptionally poor and positioned in 57. The ensuring minority subject clarifies the quality of the minority or new investors against an inappropriate utilization of corporate resources by the governing body. The following subject in the EODB file is making good on charges. In this theme, Australias DB rank is 26, which is similarly lower. The following subject in EODB list is exchanging across fringes, which clarify the expense, and time requires in sending out and bringing in merchandise. In exchanging across fringes, Australias DB rank is 95, which shows that Australias calculated framework is very tedious and costly. Upholding contracts quantifies the expense and time taken to determine a corporate question and the nature of legal strategy. In this pointer, Australias DB positions third, which implies the questions are settled rapidly and the nature of legal framework is superior to the greater part of the nation. The last marker or subject is settling indebtedness; this clarifies the cost, time and result of chapter 11 procedures, which includes lawful residential elements. Australias DB rank is 18 in settling indebtedness (Besley, 2015). Difficulties in working together in Australia: Getting power: Getting a steady power association is a significant issue in working together in Australia. It takes around 75 days to get a power association in Australia. Development grants: Australia may rank higher in this theme than the majority of the nation however it is exceptionally hard to get a development grant, it includes 11 unique methods. Imports and fares: The strategic procedure in Australia is costly and tedious which seriously influences a business association (Choudhuri, Ehsan Hakura, 2015). Australia is a nation with great condition support for new associations. The beginning of new firm and credit offices will help the business association. In any case, there are a few issues identified with getting power and strategic procedure over the fringes, which is relied upon to diminish later on. References: Acs, Z. J., Szerb, L., Lloyd, A. (2017). The worldwide enterprise and advancement file. InGlobal Entrepreneurship and Development Index 2017(pp. 29-53). Springer, Cham. Besley, T. (2015). Law, guideline, and the business atmosphere: The nature and impact of the World Bank Doing Business project.Journal of Economic Perspectives,29(3), 99-120. Choudhri, E. U., Hakura, D. S. (2015). The conversion scale go through to import and fare costs: The job of ostensible rigidities and cash choice.Journal of International Money and Finance,51, 1-25. Working together in Australia - World Bank Group. (2018).Doingbusiness.org. Recovered 19 March 2018, from https://www.doingbusiness.org/information/exploreeconomies/australia

Its Friday and still thinking SIPA. COLUMBIA UNIVERSITY - SIPA Admissions Blog

Its Friday and still thinking SIPA. COLUMBIA UNIVERSITY - SIPA Admissions Blog Its Friday and all day the halls were bustling with activity even though there are very few classes going on in the International Affairs Building today.   The academic year has begun and for the next eight months IAB will be busy.   After leaving a financial aid meeting, it was refreshing to join students at the Welcome Back reception.   The fascinating stories of our students summer adventures and their plans to better the global community   makes our job of getting them here worthwhile. One of   our newest members (from the Class of 2016) posted why she chose to come to SIPA on her personal Blog Hope Hila doesnt mind that I am linking to it here.   Reading her blog may give you another reason to study at SIPA and pursue a MPA degree or it may just instill in you a reason to make a social impact which is AWESOME too.

From engineering to marketing Why a job in sales can work for you Hult Blog

Written by Ram Sasidhar, Global Ambassador and Master of International Business student at Hults San Francisco campus, Class of 2017. If you are passionate about working in the field of business but do not have any previous experience or come from a non-business background, you might be struggling with the question: What type of job should I go into? Dont worry, weve all struggled with the same question at some point in the beginning of our career. And I am no exception to that. I look at my engineering degree as an experience which gave me an understanding of IT and helped me find business-related jobs in the IT industry. I’m from India, where its commonplace for your parents to encourage you to do engineering first, before you figure out what you want to do with your career later. It was the same in my family. I did my first degree in Engineering in Information Technology. I look at my engineering degree as an experience that  gave me an understanding of IT and helped me find business-related jobs in the IT industry. Despite my engineering degree, my passion is for marketing. I like creating impact and selling ideas to people. Since I didnt have any academic background in business or management, it was hard for me to find a business-related role in large companies. That was when I started looking at opportunities within startups, where I landed a role in a marketing and business development department. The skills and expertise I gained through sales and business development helped me immensely in making  decisions about every aspect of my career. I worked for three years in the field of business development. This experience gave me an understanding of how to find potential clients, pitch a product or service, and persuade companies to do business with you. I’m an introvert who came out of his comfort zone to do cold calling to potential clients. I researched a lot to find companies who might be interested in our product. I practiced sales scripts to ensure a great conversation with them. I understood my company and product or service on a deep level—how it would help my clients and how I could communicate the value proposition. I worked extra hard to close every deal to reach my targets. I worked along with the marketing department and account management team to take care of customers and through this, I learned what success means for the customer. The entire process gave me an insight into how a business cycle works, and working with other teams gave me an idea of what they do within the company. This is one of the best experiences Ive had in my career. The skills and expertise I gained through sales and business development helped me immensely to make decisions on every aspect of my career. [Tweet Get out of your comfort zone Hult Rotation offers you a chance to study in a truly global way. Our rotation program allows you to study and be immersed in some of the finest cities in the world. 📠¸: @jasminmanzano . Hult Rotation offers you a chance to study in a truly global way. Our rotation program allows you to study and be immersed in some of the finest cities in the world. 📠¸: @jasminmanzano . Each year, Hult seeks to enroll a talented and ambitious incoming class from all over the world. We look for diverse students with a wide range of experiences, perspectives, and interests—students who will thrive in our unique educational atmosphere. Are you ready for a truly global experience? 📠¸: @iambrunadiniz . Each year, Hult seeks to enroll a talented and ambitious incoming class from all over the world. We look for diverse students with a wide range of experiences, perspectives, and interests—students who will thrive in our unique educational atmosphere. Are you ready for a truly global experience? 📠¸: @iambrunadiniz . We’re excited to start 2020 on a ranking high! Hult is proud to have been placed #28 in Poets Quants 2020 rankings for Best Undergraduate Business Schools in the US. Taking a huge leap of 32 places from our 2019 position, we’re also very happy to have secured top positions in key categories like: life-changing experience, practicality of the degree, and global immersion. . With five global campuses, a student body of over 130 nationalities, and a learn-by-doing approach—Hult offers a student experience like no other. . We’re excited to start 2020 on a ranking high! Hult is proud to have been placed #28 in Poets Quants 2020 rankings for Best Undergraduate Business Schools in the US. Taking a huge leap of 32 places from our 2019 position, we’re also very happy to have secured top positions in key categories like: life-changing experience, practicality of the degree, and global immersion. . With five global campuses, a student body of over 130 nationalities, and a learn-by-doing approach—Hult offers a student experience like no other. . â€Å"I’m from an engineering background and needed a whole new skill set for the industry I wanted to switch to. I learned a lot about myself and how I deal with being out of my comfort zone. I learned both soft and hard skills, from how to work in very diverse teams to key accounting metrics and strategy. I was surprised by how weak I was at certain tasks in English or how strong I actually was in other areas. Hult gave me opportunities to try new things and meet people from places I never thought I would have friends. . My internship experiences gave me the chance to broaden my view of different cultures and different companies. I had the opportunity to work and live with people whose values differed from people in my home country. I thought that this would be difficult, but it gave me the chance to reflect on my own values and assess if they were a result of my home country environment or if they were intrinsically mine. . Diederick ter Kulve (@diederick.terkulve) Netherlands Masters in International Business . â€Å"I’m from an engineering background and needed a whole new skill set for the industry I wanted to switch to. I learned a lot about myself and how I deal with being out of my comfort zone. I learned both soft and hard skills, from how to work in very diverse teams to key accounting metrics and strategy. I was surprised by how weak I was at certain tasks in English or how strong I actually was in other areas. Hult gave me opportunities to try new things and meet people from places I never thought I would have friends. . My internship experiences gave me the chance to broaden my view of different cultures and different companies. I had the opportunity to work and live with people whose values differed from people in my home country. I thought that this would be difficult, but it gave me the chance to reflect on my own values and assess if they were a result of my home country environment or if they were intrinsically mine. . Diederick ter Kulve (@diederick.terkulve) Netherlands Masters in International Business . Say a big hello to our Bachelor of Business Administration program cover star, Elisa Orus Plana âÅ" ¨ . â€Å"I’m excited for the future—especially that I cant predict whats going to happen. Maybe Ill end up in Mexico working for a trading company or maybe in Africa, developing my own business. Everything is possible, and the options are constantly changing. I love the idea that Im never going to be stuck doing the same job until the end of my life if I dont want it to be like this. . Hult really supports me and my ambitions and truly believes that we deserve to be considered as professionals as well as students. Here, I get to express not just my opinions but all elements of myself. From my creative side with the Fashion Society to my finance and business sides in Trading Club and the Management Consulting Club. We get a different type of learning here. Not just essential knowledge and theory, but practical skills and mindset. The school is always evolving. We’re encouraged to innovate and to always look for new ways of doing traditional things. We learn how to be more confident and become aware of how we can impact our environment. The school aims to help you become a better version of yourself and to stand out from the crowd.â€Å" . Elisa Orus Plana French Bachelor of Business Administration Class of 2021 Say a big hello to our Bachelor of Business Administration program cover star, Elisa Orus Plana âÅ" ¨ . â€Å"I’m excited for the future—especially that I cant predict whats going to happen. Maybe Ill end up in Mexico working for a trading company or maybe in Africa, developing my own business. Everything is possible, and the options are constantly changing. I love the idea that Im never going to be stuck doing the same job until the end of my life if I dont want it to be like this. . Hult really supports me and my ambitions and truly believes that we deserve to be considered as professionals as well as students. Here, I get to express not just my opinions but all elements of myself. From my creative side with the Fashion Society to my finance and business sides in Trading Club and the Management Consulting Club. We get a different type of learning here. Not just essential knowledge and theory, but practical skills and mindset. The school is always evolving. We’re encouraged to innovate and to always look for new ways of doing traditional things. We learn how to be more confident and become aware of how we can impact our environment. The school aims to help you become a better version of yourself and to stand out from the crowd.â€Å" . Elisa Orus Plana French Bachelor of Business Administration Class of 2021"> During the final days of 2019, you probably reflected on what you’ve accomplished this year—and even this decade—and what you’d like to achieve in 2020. Let us know in the comments below. During the final days of 2019, you probably reflected on what you’ve accomplished this year—and even this decade—and what you’d like to achieve in 2020. Let us know in the comments below. â€Å"The first time we did group work on the program, I went head-to-head with a colleague. It taught me a lot about how I see people, how people see me, and how conflict can be resolved in a kind and productive way. The best feedback you get, when delivered constructively, is the most critical because it really feeds into how you lead. I’ve completely reversed my leadership style—the result is so much richer and more powerful when you lead from behind and lead with strength. . Studying in tandem with working, whilst challenging, gave me the perfect platform to directly apply learning concepts into my business environment, the competitive landscape, and the real-estate industry as a whole. When I started the program, I was very happy in my corporate role. But my courage and aspirations grew to the point that I took on a whole new direction. Having my career coach, Joanna, as a sounding board allowed me to really be strategic and get to know myself. She coached me thro ugh all the interviews, the research, and the questions. It went in parallel with what I was doing academically and after six months everything just clicked. . I went into the EMBA knowing I had nothing to lose and I’ve come out with everything. Great strength, global friends, amazing learning, mentors from professors, a job I love, and the knowledge that I can set my mind to achieve anything and with the right support and resources I’ll get there.† . Kashani Wijetunga British, New Zealand Sri Lankan Associate Director Senior Strategy Consultant CBRE EMBA Class of 2019 . â€Å"The first time we did group work on the program, I went head-to-head with a colleague. It taught me a lot about how I see people, how people see me, and how conflict can be resolved in a kind and productive way. The best feedback you get, when delivered constructively, is the most critical because it really feeds into how you lead. I’ve completely reversed my leadership style—the result is so much richer and more powerful when you lead from behind and lead with strength. . Studying in tandem with working, whilst challenging, gave me the perfect platform to directly apply learning concepts into my business environment, the competitive landscape, and the real-estate industry as a whole. When I started the program, I was very happy in my corporate role. But my courage and aspirations grew to the point that I took on a whole new direction. Having my career coach, Joanna, as a sounding board allowed me to really be strategic and get to know myself. She coached me thro ugh all the interviews, the research, and the questions. It went in parallel with what I was doing academically and after six months everything just clicked. . I went into the EMBA knowing I had nothing to lose and I’ve come out with everything. Great strength, global friends, amazing learning, mentors from professors, a job I love, and the knowledge that I can set my mind to achieve anything and with the right support and resources I’ll get there.† . Kashani Wijetunga British, New Zealand Sri Lankan Associate Director Senior Strategy Consultant CBRE EMBA Class of 2019 . â€Å"It was now or never. I knew that I’d have likely stayed in my neighborhood for years to come if I didn’t take this opportunity. I’d not lived or studied outside of the U.S. before. So I left my job as a global strategist at an advertising agency and moved halfway around the world. I’ve come back a more culturally aware, well-versed person. I’ve realized that everything is a learning experience and an opportunity for growth. Ill definitely carry this mindset with me into the future. Technology and social media allow us to be different people in several places at once. Im excited to see how I can establish myself in whatever city Ill be lucky enough to call home and still maintain deep connections with people all over the world. I’m inspired by my classmates every day. Hearing some of their life stories and how getting this degree fits into their greater mission has been very humbling. My biggest challenge has been finding the ‘right’ path for me. There have been rooms Ive felt like I shouldnt be in, but now Im proud to feel as though I truly belong, wherever I am.† . Dwayne Logan, Jnr. American MBA Class of 2019 . â€Å"It was now or never. I knew that I’d have likely stayed in my neighborhood for years to come if I didn’t take this opportunity. I’d not lived or studied outside of the U.S. before. So I left my job as a global strategist at an advertising agency and moved halfway around the world. I’ve come back a more culturally aware, well-versed person. I’ve realized that everything is a learning experience and an opportunity for growth. Ill definitely carry this mindset with me into the future. Technology and social media allow us to be different people in several places at once. Im excited to see how I can establish myself in whatever city Ill be lucky enough to call home and still maintain deep connections with people all over the world. I’m inspired by my classmates every day. Hearing some of their life stories and how getting this degree fits into their greater mission has been very humbling. My biggest challenge has been finding the ‘right’ path for me. There have been rooms Ive felt like I shouldnt be in, but now Im proud to feel as though I truly belong, wherever I am.† . Dwayne Logan, Jnr. American MBA Class of 2019 . Happy New Year, Hultians! . Happy New Year, Hultians! .

Plato s Apology Questions On Socrates - 1104 Words

Leigh Alexander Professor Tony Hanson Philosophy 001 September 04, 2017 Plato’s Apology Questions 01) Socrates says he faces two groups of accusers or accusations What/who are these? Socrates faces old accusers who for years have accused him of things he has not done. Socrates fears these accusers but he believes that they are not the worst of them. Socrates believes the far more dangerous accusers are the ones who have grown up as children in these falsehood beliefs and have these views embed in their minds. Socrates was accused of corrupting the youth and not believing in the Gods. 02) Why does Socrates say he developed a bad reputation many people? Socrates believes he developed a bad reputation to many people because he was trying†¦show more content†¦Sophists taught the way of making the weak argument look stronger. Socrates said he was not like a Presocratic or Sophists. During the time Socrates was alive Athens was a male Democracy and he was an elitist. He created himself a reputation for a kind wisdom that was not authority ridden. 06) What were the specific legal charges against Socrates? Socrates was charged with corrupting the youth by teaching them to question life and what authority was teaching them. He was also charged for questioning the Gods. While Athens was at the time a Democratic city, Socrates was an elitist. Socrates was brought into a stadium in Athens where his trial was held. The jury of 501 men found him guilty. 07) How does Socrates respond to each charge? Be as specific as you can. When Socrates talks about his charge of corrupting the youth he answers, â€Å"And when you accuse me of corrupting and deteriorating the youth, do you allege that I corrupt them intentionally or unintentionally?†. Socrates concludes with, â€Å"I suppose you mean, as I infer from your indictment, that I teach them not to acknowledge the gods which the state acknowledges, but some other new divinities or spiritual agencies in their stead. These are the lessons which corrupt the youth, as you say.†. From the beginning to the end of his speech he goes back andShow MoreRelatedPlato s Apology And The Apology1591 Words   |  7 PagesIn this paper I will discuss how Plato s Apology and Phaedo have difference ideas of what it means to be a philosopher. I will explain how in the Apology, the philosopher is wise in how he/she understand that they are wise because they know that they don t know, and in Phadeo the philosopher knowledgable and are concern in gaining more knowl edge. In Plato s Apology we learn about Socrates life and who he really is. In platos Apology a philosopher is a wise person because he understands thatRead MorePlatos Apology, Summary, Main Characters750 Words   |  3 PagesSocrates - The protagonist of The Apology, as well as all of Plato s other dialogues. Socrates seems to be a very simple man, not having many material possessions and speaking in a plain, conversational manner. However, this seeming plainness is all a part of the ironic characteristic of Socrates method. Professing his own ignorance, he engages in conversation with someone claiming to be an expert, usually in ethical matters. By asking simple questions, Socrates gradually reveals that his interlocutorRead MorePlato s Euthyphro And Apology893 Words   |  4 PagesPhilosophers are known to question, analyze and evaluate everything but do not always end with concrete conclusions. Plato’s Euthyphro and Apology, to no surprise, highlight one of such debate: the human characteristics of wisdom. Though Plato was one of the earliest philosophers, the topic of wisdom is still debated by modern philosophers today, contemplating questions such as â€Å"What are the classifications of ‘wisdom’?† According to Plato’s two dialogues, the characteristics of wisdom have a strongRead MorePlatos Philosophy in Apology1375 Words   |  6 PagesPHL202H5 Plato s Philosophy in Apology Plato was known to be one of Socrates students, and knew him for over 40 years. Although Plato s version of Apology is popularly believed to be (the most accurate) historical recount of what happened in 399 B.C on the day of Socrates trial, historians cannot be sure the validity of everything he wrote. It can be argued that it is actually a philosophical work, remarking on the teachings of Socrates and his beliefs, which he stood by even until hisRead MoreApologies Are The New Teachers971 Words   |  4 PagesApologies Are the New Teachers (Three things Learned from Plato’s Apology) There are many writers, authors, and speakers in this world that are considered among the greats, but perhaps the greatest two of western speculation are Plato and Socrates. These two hand in hand had a huge influence on American Literature and others as well. Perhaps one of the most remarkable writings of Plato, since Socrates never once himself wrote anything down, is his writing of Apology. The writings of Apology showedRead MoreSocrates : The Suicide Of Socrates1405 Words   |  6 PagesSocrates was born in 470 BCE in Athens, Greece. His father was Sophroniscus, a sculptor and stone mason from Athens and his mother was a midwife by the name of Phaenarete (30 Interesting Socrates Facts 2014). Socrates original profession was masonry and sculpting, before becoming a philosopher. On a day in 399 BC, Socrates ( roughly 71 years at the time) went to trial.Now why would anyone want to send an old man to court? Three answer is that Socrates was accused of refusing to recognize theRead MoreAnalysis Of Plato s The Ring Of Gyges 1510 Words   |  7 Pagesif you had a magic ring like the ring of Gyges (Republic, 359d)? Why be just or moral? Develop the complete answer of Socrates in Plato s Republic, through 449a. Then consider whether Plato s Socrates in The Apology would answer in a way that was any different, in substance or in tone. Your own opinion is worth a page of so, but focus on the argument of Plato s Socrates. When Glaucon attempts to argue that no difference exists between the just and unjust man, he tells the tale of the RingRead MoreApology On Apology Of Socrates852 Words   |  4 PagesMarch 2, 2017 Apology of Socrates Socrates was a Greek philosopher and the founder of western philosophy. Plato was the student of Socrates who was very motivated by the life and teaching of Socrates. Plato was also one of the greatest Philosopher of ancient Greece. Apology is the actual recorded speech of Socrates by Plato, which was delivered at the trail to defend himself. Many people did not agree with Socrates, so they made several charges against him, which is recorded in the Apology. Some ofRead MorePlato, An Ancient Greek Philosopher1458 Words   |  6 Pages Plato, an Ancient Greek Philosopher by Carly Rittenmeyer Bible and the Ancient World Spring 2015 Plato, a Greek Philosopher, is known for his writings that impacted people in the Ancient Greek society. He was a free thinker and lived in a free city, Athens. He was taught by multiple teachers including Socrates who was frequently mentioned in his writings as the central character. Plato’s novel, The Republic, influenced the idea of government and showsRead MoreSocrates : Not Guilty1610 Words   |  7 PagesSocrates: Not Guilty Intro (138) In 399 BC, when he was seventy years old, Socrates was called into court by three men: Meletus, a poet, Anytus, a politician, and Lycon, an orator. The specific charges were impiety (namely that he did not believe in the gods of Athens, and instead had introduced new gods), and corruption of the youth of the city. The account of Socrates’ trial is preserved in the Apology by Plato, a dialogue that ought not to be considered a verbatim report of Socrates’ defense

Child Abuse A Social Problem - Free Essay Example

Sample details Pages: 7 Words: 2036 Downloads: 1 Date added: 2019/04/08 Category Society Essay Level High school Tags: Child Abuse Essay Did you like this example? What is a social problem and how does one define it? According to author Robert Lauer, a social problem is defined as, a condition or pattern of behavior that contradicts some other condition or pattern of behavior; is defined as incompatible with the deserved quality of life; is caused, facilitated, or prolonged by social factors. Most times when looking at a social problem, we look at problems outside our homes when in reality we can encounter social problems under our own roof. I feel as though child abuse should be considered a social problem as it affects millions of children and society as a whole. Don’t waste time! Our writers will create an original "Child Abuse: A Social Problem" essay for you Create order Although this is a major issue, often times it is dismissed or not seen as a big problem by society or even the government. Child abuse is a major issue as children make our tomorrow, if children are being affected from a young age, they are likely to be affected when they are adults and that is not good for them nor society. Child abuse is a recurring issue in America and something jurassic needs to be done to eradicate this problem. In a recent journal titled, Child Abuse and Neglect/A Multidimensional Approach by Alexander Muela, he historically defines child abuse as,â€Å"all actions carried out by caregivers, which significantly interfere in the child’s optimum development and do not adhere to social standards, including things like emotional deprivation, malnutrition, child neglect and physical and emotional abandonment.† This definition touches on everything that shapes why child abuse should be defined as a social problem and not seen as a personal one. Children are the future and imagine if every child in the world were being abused? We would no longer have bright minds shaping the world, inventing new technology, coming up with different ideas to make the world a better place and most of all, we would have a lower population due to some cases leading to fatality. The issue of child abuse is a social problem, and we as a society need to find a solution. When looking at a social problem, one must first look at the who the issue affects and how they are affected. According to childtrends.org the number of child maltreatment cases/victims have risen from a whopping 860,000 to 1,032,000 over the past few years with the ratio of fifteen incidents to every one thousand children. The first figure alone was saddening but to know that cases have increased by such a disgusting amount should alert us all that there is an issue. Within all these cases, it is reported that younger children experience higher rates of abuse than older children. Statistics from Child Trends also reported that that children three and younger experienced more mistreatment and child abuse as compared to those who were older. Looking at this statistic, one could guess that this is because younger children cannot really do much about situations they are in. They cannot call and ask for help or really verbalize what is going on in their homes as compared to older children and this is in fact, very sad. As far as ethnicity goes it was also reported that Non-Hispanic Black children we amongst one of the most reported for child abuse and mistreatment in America. As a black woman, who was once a little black girl I am very disheartened by this. It is sad to know that children in the America are in danger and are being abused, with sometimes little to nothing being done over it. Where is the help for children three years old and younger who do not have a voice to cry out for help? The impact of child abuse is also important to look at when researching this, as people need to understand how what they’re doing is hurting these children. The impact of child abuse does not only include one thing, rather several. When a child has been abused, they are prone to physical/medical, mental, psychological, sociological and developmental issues. Physical abuse, according to Laurer can include, kicking, biting, choking and beating by parents, with a high risk of physical injury and possible disability as a result. Initially when a child is first abused, they feel immense pain almost immediately, suffering from results of previous beatings. In most cases children can suffer from injuries and in worst cases? death. If the child abuse is continuous and prolonged, it could lead to serious consequences for the child. Those were some short term effects of physical abuse, but the long term effects if the child is to survive, are far worse. Some possible long time effects of physical abuse are effects to mental health, lower self esteem, substance abuse (both drugs and alcohol) and a potential to be abusive to your own child as a pare nt. Physical abuse that starts early can affect a child years down the line when they are adults. We should see this as not just a problem, but a social problem because we are bringing these damaged people and adding them to our society. The psychological consequences are just as important to understand as the general effect of physical abuse. When children experience any form of mistreatment or neglect, they become at risk of developing mental illnesses such as anxiety, depression or even personality disorders. In a recent article published by childwelfare.gov, it was stated that over 54% of depression and attempted suicide cases in women were connected to their childhood experiences and negative events they endured in that childhood. Behavioral consequences are likely to also appear when children go through abuse. These children are more likely to have a difficult childhood as they can either keep to themselves or act out due to dealing with this mistreatment at home. These children are deprived of a childhood because they are constantly being abused and then develop a list of things even after the abuse has finished taken place. These things do not only impact these children, but also us citizens. We are the ones that have to be amongst these damaged kids, we are the ones that have to live amongst them and wonder what must have happened for them to be acting in such ways. Also, it affects our pockets as a society as well. We fund these different programs because there will be an increase in health care, juvenile detention centers for when the children act out, mental institutions for those admitted, substance abuse clinics and domestic violence centers. We indirectly fund all of these organizations because there is child abuse and something needs to be done to keep up with these programs. Most people hate the idea of an increase in anything where more money is being taken from them, so in order to stop this, we must come up with solutions that will put an end to this. With every change that needs to be made, I always say we must start with yourself. I feel as though there are two ways to look at this. One way to stop those abusing these children is to help/convict them and the other is to help kids that have been abused as best as we can. For instance, for those doing the abusing, it should be a societal standard to know when someone showcases traits of an abuser and to say something to a higher up. When that is done, said abuser should be further looked into, especially if they have a family, so abuse within the family can be eliminated. Often times, people feel too proud of seeking help for their issues but in a situation like this, help would be needed. For this action to be done, we must become more aware with traits of abusers. Teachers/professors should be making statements in classrooms about reporting abuse within families and let people know where to go for more information. For those who are not in school, I feel as though the media shou ld be utilized and more commercials should be placed on tv screens with information on abuse and where to go to learn more about it. As for the stoppage of abuse on victims and helping them, I researched thoroughly on what could be implemented to help them. In a Social Work Today article by Kimberly Day, there were a list of doable actions that can be implemented by organizations and the government that would prevent continuous child abuse and even worse, death because of child abuse. Some of these doable actions included expanding prevention services for at-risk families, the increase in qualifications of child protection workers, increase funding for child protective service and most importantly changes in confidentiality laws associated with child abuse. I feel as though these were all important actions that could actually make a change if implemented and funded by the government. If there was an expansion in prevention services that would mean more families would be educated on how to prevent child abuse from occurring, furthering eliminating the step of having events occur to an innocent child. This needs to occur on a national level as this issue is very serious and not something small. These are the lives of children and they matter. I also thought that the increase in funding for child protective services would do a lot for this social problem. With increase in funding from the government, more workers could be hired, meaning more children can be helped as more homes would be evaluated. Ideally, there would be enough funding to get well qualified, experiences people out on the field to make sure that these children were being placed in a safe location and ridden from any kind of abuse. Lastly, it would be very important for there to be changes made in the confidentiality laws associated with child abuse. This would do a lot for this social problem as more people would be able to come out and report any kind of abuse they see or hear from students. These actions can only be implemented if this issue is on a national level and there is a severity seen with child abuse as there is one with other social problems. To reiterate my earlier statement, child abuse is a social problem that must be eradicated as it not only affects the lives of the children, but society as a whole. There are hundreds of thousands of reported cases of child abuse in America and those are only the ones that are accounted for. Younger children are much more likely to be abused and that is disheartening because they can absolutely do nothing. When abused, children are more likely to be depressed, anxiety ridden, hesitant to form new relations, act out or become an abuser themselves. We as a society need to understand we can do something to change the cycle of damaged growing kids who reciprocate the treatment they received to their kids and so on. This cycle will never be broken as long as we sit back and do nothing. This social problem needs to be recognized as a national problem and the government needs to implement actions such as increasing funding, changing qualifications of child protective services and changing l aws of confidentiality when it comes to child abuse. These actions cannot happen over night as they will be a working progress, but we all need to band together to make this change. Children are our future, abuse is our current problem and needs to become a problem of the past. Work Cited Child Maltreatment. (n.d.). Retrieved from https://www.childtrends.org/indicators/child-maltreatment Child Welfare Information Gateway. (2013). Long-term consequences of child abuse and neglect. Washington, DC: U.S. Department of Health and Human Services, Children’s Bureau. Day, K., MSW. (n.d.). What Will It Take to End Child Abuse Fatalities in the United States? Retrieved from https://www.socialworktoday.com/archive/exc_042911.shtml Effects of child physical abuse. (n.d.). Retrieved from https://www.secasa.com.au/pages/child-physical-abuse-understanding-and-responding/effects-of-child-physical-abuse/ Lauer, R. H., Lauer, J. C. (2013). Social problems and the Quality of Life. New York: McGraw-Hill Education. Muela, A. (2012). Interaction Design for Preventing Child Abuse. Child Abuse and Neglect A Multidimensional Approach. doi:10.5772/48130

8 Famous Mexican Revolutionaries

A New Real Estate Investment Trust, By Michael J. De La...

Microeconomics Essay In the following articles there is talk about different economic situations. For example there is talk about the high demand of jobs, while there are many potential employees and how that affects the wage not growing. Also talk about change in Demand with references to expanding to an international market as a way to increase sales in a way other than price change and how this would cause a right shift in the demand curve. â€Å"Sears Weighs a New Unit to Hold Some of Its Real Estate†, by MICHAEL J. DE LA MERCED (New York Times NOVEMBER 7, 2014) Summary In an effort to raise cash to offset a steady stream of losses sears chief executive Edward S Lambert unveiled an unusual financial maneuver that it may employ: selling some of its stores to a new real estate investment trust. Sears disclosed that its comparable sales for its domestic locations in the 39 weeks that ended Nov. 1 were roughly flat, while those at its Kmart stores were down 1.2 percent. Perhaps more troubling, the company added that it could lose up to $630 million in the quarter ended Nov. 1. Putting most of the company’s real estate in a separate entity ultimately raises questions about what Mr. Lampert will do with the company. (As the company’s biggest shareholder, with a roughly 48.5 percent stake, he would most likely own about the same percentage of the investment trust.) Though selling the stores to the REIT would generate much-needed cash and assuage any vendors nervous about beingShow MoreRelatedAlibaba5915 Words   |  24 Pages in case someon e wants to marry us![17][18] Brick and mortar stores[edit] According to Li Chuan, a senior executive at Alibaba, the company was planning in 2013 to open traditional brick and mortar retail outlets in partnership with Chinese real estate companyDalian Wanda Group.[19]  Additionally, Alibaba purchased a 25% stake in Hong Kong-based Intime Retail in early 2014.[20] IPO[edit] On 5 September 2014, the group—in a regulatory filing with the  US Securities and Exchange Commission—set a  US$60-Read More_x000C_Introduction to Statistics and Data Analysis355457 Words   |  1422 PagesEdition: ISBN-13: 978-0-495-11873-2 ISBN-10: 0-495-11873-7 ââ€"   To my nephews, Jesse and Luke Smidt, who bet I wouldn’t put their names in this book. R. P. ââ€"   To my wife, Sally, and my daughter, Anna C. O. ââ€"   To Carol, Allie, and Teri. J. D. ââ€"   About the Authors puter Teacher of the Year award in 1988 and received the Siemens Award for Advanced Placement in mathematics in 1999. Chris is a frequent contributor to the AP Statistics Electronic Discussion Group and has reviewed materials

Sample Questions Free Essays

Chapter-1 MANAGERIAL ECONOMICS Multiple Choice Questions 1 Which of the following is a characteristic of a perfectly competitive market? a. Firms are price setters. b. We will write a custom essay sample on Sample Questions or any similar topic only for you Order Now There are few sellers in the market. c. Firms can exit and enter the market freely. d. All of these 2 If a perfectly competitive firm currently produces where price is greater than marginal cost it a. will increase its profits by producing more. b. will increase its profits by producing less. c. is making positive economic profits. d. is making negative economic profits. 3 When a perfectly competitive firm makes a decision to shut down, it is most likely that a. Price is below the minimum of average variable cost. b. Fixed costs exceed variable costs. c. Average fixed costs are rising. d. Marginal cost is above average variable cost. 4 In the long run, a profit-maximizing firm will choose to exit a market when a. Fixed costs exceed sunk costs. b. Average fixed cost is rising. c. Revenue from production is less than total costs. d. marginal cost exceeds marginal revenue at the current level of production. 5 When firms have an incentive to exit a competitive market, their exit will a. Drive down market prices. b. Drive down profits of existing firms in the market. . Decrease the quantity of goods supplied in the market. d. All of the above are correct. 6 In a perfectly competitive market, the process of entry or exit ends when a. Firms are operating with excess capacity. b. Firms are making zero economic profit. c. Firms experience decreasing marginal revenue. d. Price is equal to marginal cost. 7 Equilibrium quantities in markets characterize d by oligopoly is a. Lower than in monopoly markets and higher than in perfectly competitive markets. b. Lower than in monopoly markets and lower than in perfectly competitive markets. Higher than in monopoly markets and higher than in perfectly competitive markets. d. Higher than in monopoly markets and lower than in perfectly competitive markets. 8 In economics the central problem is: a. b. c. d. e. Allocation. Consumption. Scarcity. Money. Production. c. 9 Indicate below what is NOT a factor of production. a. Land. b. A bank loan. c. Labor. d. Capital. 10 Macroeconomics deals with: a. The behavior of firms. b. Economic aggregates. c. The activities of individual units. d. The behavior of the electronics industry. 11 Microeconomics is not concerned with the behavior of: a. Aggregate demand. . Consumers. c. Industries. d. Firms. 12 The study of inflation is part of: a. Normative economics. b. Macroeconomics. c. Microeconomics. d. Descriptive economics. 13 Aggregate supplies is the total amount: a. Produced by the government. b. Of products produced by a given industry. c. Of labor supplied by all households. d. Of goods and services produced in an economy. 14 The total demand for goods and services in an economy is known as: a. National demand. b. Economy-wide demand. c. Gross national product. d. Aggregate demand. 15 If marginal benefit is greater than marginal cost, a rational choice involves: a. More of the activity. b. Less of the activity. c. No more of the activity. d. More or less, depending on the benefits of other activities. 16 A student chooses to study because the marginal benefit is greater than the ________ cost. a. average b. total c. marginal d. expected 17 Periods of less than full employment correspond to: a. b. c. d. Points outside the production possibility curve. Points inside the production possibility curve. Points on the production possibility curve. Either points inside or outside the production possibility curve. 18 The circular flow of goods and incomes shows the relationship between: a. Income and money. b. Wages and salaries. c. Goods and services. d. Firms and households. 19 In a free market system, the amount of goods and services that any one household gets depends upon its: a. Income. b. Wage and interest income. c. Wealth. d. Income and wealth. 20 In a planned or command economy, all the economic decisions are taken by the: a. Consumers. b. Workers. c. Government. d. Voters. Answers for Multiple Choice Questions 1 (c) 2 (a) 3 (a) 6 (b) 7 (d) 8 (c) 11(a) 12(b) 13(d) 16(c) 17(b) 18(d) 4 (c) 9 (b) 14(d) 19(d) 5 (c) 10 (b) 15(a) 20(c) Chapter-2 PRINCIPLES OF MANAGERIAL ECONOMICS Multiple Choice Questions 1 The word that comes from the Greek word for â€Å"one who manages a household is a. Market. b. Consumer. c. Producer. d. Economy. 2 Economics deals primarily with the concept of a. Scarcity. b. Poverty. c. Change. d. Power. 3 Which of the following is NOT included in the decisions that every society must make? a. what goods will be produced b. who will produce goods c. what determines consumer preferences d. who will consume the goods 4 In a market economy, characterized by Capitalism, there is full interference by the State in the economic activities of consumers and producers. a)True (b) False 5 In a market system of economy, there is no harmony between individual interests and interests of the community. (a)True (b) False 6 Efficiency is the relation between returns and cost. (a)True (b) False 7 The subject matter of macro –economic includes the theory of income and employment at an individual level. (a)True (b) False 8 Rational decision results in†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦for the employees. a. Division of work. b. Centralization. c. Discipline. d. Motivation 9 A Theory Y approach is more suitable where a job offers: a. a high degree of intrinsic satisfaction. b. The ability to exercise initiative. c. An element of problem solving. d. All of the above. 10 Breech identifies four main elements of management. They are planning, control, coordination and: a. The division of work. b. Centralization. c. Discipline. d. Motivation. 11 Many well-known business economists participate in public debates. (a)True (b) False 12 Marginal Utility is the utility derived from the additional unit of a commodity consumed. (a)True (b) False 13 Compared to the static model, the fishing effort in a dynamic model is likely to be a. Larger. b. Smaller. c. Similar. . Larger or smaller. 14 Land, labor, and money are the three categories of economic resources. (a)True (b) False 15 Which of the following is not an interest rate derivative used for interest rate management? Interest rate guarantee a. Floor b. Swap c. Cap d. All of the above are interest rate derivatives 16 An agreement which guarantees an investor a minimum return on a principal amount is called a: a. Cap b. Executive stock option c. Stock option d. Floor 17 Which of the factors listed below is not a reason for decision making in organizations being a complex process? a. Modern information systems enable people to evaluate a range of possible outcomes b. Factors in the current context of the organization affect the decision c. Several stakeholders will have an interest in the decision d. People have to make decisions in a historical context 18 The overall process of decision making in, for example, staff selection includes which of these stages? a. Deciding which candidate to appoint b. Identifying the need for a new member of staff c. Agreeing the job specification d. All of the above 19 A manager who is helping a customer return some shoes they purchased last week is dealing with what type of decision? . Uncertainty b. Non-programmed decision c. Bounded rationality d. Programmed decision 20 Decision making situations can be categorized along a scale which ranges from: a. Uncertainty to certainty to risk b. Certainty to uncertainty to risk c. Certainty to risk to uncertainty d. Certainty to risk to uncertainty to ambiguity Answers for Multiple Choic e Questions 1 (d) 2 (a) 3 (c) 6 (a) 7 (b) 8 (d) 11(a) 12(a) 13(a) 16(d) 17(a) 18(d) 4 (b) 9 (d) 14(b) 19(d) 5 (b) 10 (d) 15(d) 20(d) Chapter-3 CONCEPT OF DEMAND Multiple Choice Questions 1 The quantity demanded of Pepsi has decreased. The best explanation for this is that: a. The price of Pepsi increased. b. Pepsi consumers had an increase in income. c. Pepsi’s advertising is not as effective as in the past. d. The price of Coca Cola has increased. 2 Demand curves are derived while holding constant: a. Income, tastes, and the price of other goods. b. Tastes and the price of other goods. c. Income and tastes. d. Income, tastes, and the price of the good. 3 When the decrease in the price of one good causes the demand for another good to decrease, the goods are: a. Normal b. Inferior c. Substitutes d. Complements 4 Suppose the demand for good Z goes up when the price of good Y goes down. We can say that goods Z and Y are: a. Substitutes. b. Complements. c. Unrelated goods. d. Perfect substitutes. 5 If the demand for coffee decreases as income decreases, coffee is: a. An inferior good. b. A normal good. c. A complementary good. d. A substitute good. 6 Which of the following will NOT cause a shift in the demand curve for compact discs? a. A change in the price of pre-recorded cassette tapes. b. A change in income. c. A change in the price of compact discs. d. A change in wealth. When excess demand occurs in an unregulated market, there is a tendency for: a. Quantity supplied to decrease. b. Quantity demanded to increase. c. Price to rise. d. Price to fall. 8 Market equilibrium exists when _____________ at the prevailing price. a. b. c. d. quantity demanded is less than quantity supplied quantity supplied is greater than quantity demanded quantity demanded equals quantity supplied qu antity demanded is greater than quantity supplied 9 A movement along the demand curve to the left may be caused by: a. A decrease in supply. b. A rise in the price of inputs. c. A fall in the number of substitute goods. d. A rise in income. 10 The quantity demanded of a product rises whenever (a) The product’s price falls. (b) Incomes increase. (c) Population increases. (d) The prices of substitute goods rise. (e) Consumer tastes and preferences change. 11 The equilibrium quantity must fall when (a) There is a decrease in demand. (b) There is a decrease in supply. (c) There is an increase in price. (d) There is an increase in demand and supply. (e) There is a decrease in demand and supply 12 The demand curve will shift to the left for most consumer goods when (a) Incomes decrease. b) The prices of substitutes fall. (c) The prices of complements increase (d) All of the above. 13 Producer goods, also called intermediate goods, in economics, goods manufactured and used in further manufacturing, processing, or resale. (a)True (b) False 14 Consumer goods are alternately called final goods, and the second term makes more sense in understanding the concept. (a)True (b) False 15 GDP stands for a. Gross Domestic Product b. Gross Deistic Product c. Gross dynamic product d. All of these 16 GNP stands for a. Gross national product b. Gross natural product c. Both (a)and (b) d. None of these 17 When the demand for a product is tied to the purchase of some parent product, its demand is called induced or derived. (a)True (b) False 18 An industry is the aggregate of firms (a)True (b) False 19 The ‘law of demand’ implies that: a. As prices fall, quantity demanded increases. b. As prices rise, quantity demanded increases. c. As prices fall, demand increases. d. As prices rise, demand decreases. 20 When the market operates without interference, price increases will distribute what is available to those who are willing and able to pay the most. This process is known as: a. Price rationing. . Price fixing. c. Quantity adjustment. d. Quantity setting Answers for Self Assessment Questions 1 (a) 2 (d) 3 (c) 6 (c) 7 (c) 8 (c) 11(d) 12(d) 13(a) 16(a) 17(a) 18(a) 4 (b) 9 (a) 14(a) 19(a) 5 (b) 10 (a) 15(a) 20(a) Chapter-4 DETERMINATION OF DEMAND 1 The demand for a product or a service depends on a host of factors. (a)True (b) False 2 Demand curves may also be shifted by changes in expectations. (a)True (b) False 3 Quantity demand is a specific quantity that buyers are willing and able to buy at a specific demand price. (a)True (b) False 4 If the price of a complement increases, all else equal, a. Quantity demanded will increase. b. Quantity supplied will increase. c. Demand will increase. d. Demand will decrease. 5 Which of the following would lead to an INCREASE in the demand for golf balls? a. An decrease in the price of golf balls. b. An increase in the price of golf clubs. c. A decrease in the cost of producing golf balls. d. An increase in average household income when golf balls are a normal good. 6 If input prices increase, all else equal, a. Quantity supplied will decrease. b. Supply will increase. c. Supply will decrease. d. Demand will decrease. 7 Which of the following would decrease the supply of wheat? . A decrease in the price of pesticides. b. An increase in the demand for wheat. c. A rise in the price of wheat. d. An increase in the price of corn. 8 When Sonoma Vineyards increases the price of its Chardonnay from $15 per bottle to $20 per bottle, the result is a decrease in†¦ a. The quantity of this wine demanded. b. The quantity of this wine supplied. c. The demand for this wine. d. The supply of this wine. 9 Which of the following will cause a change in quantity supplied? a. Technological change. b. A change in input prices. c. A change in the market price of the good. d. A change in the number of firms in the market. 0 In which of the following cases will the effect on equilibrium output be indeterminate (i. e. , depend on the magnitudes of the shifts in supply and demand)? a. Demand decreases and supply decreases. b. Demand remains constant and supply increases. c. Demand decreases and supply increases. d. Demand increases and supply increases. 11 An increase in the number of firms selling pizza will cause, ceteris paribus, (a) an increase in supply. (b) an increase in demand. (c) a decrease in quantity demanded. (d) a decrease in the quantity supplied. 12 A change in demand is a change in the ENTIRE demand relation. a)True (b) False 13 The demand for a given product will rise if: a. Incomes rise for a normal good or fall for an inferior good b. The price of a complement falls c. The price of a substitute rises d. All of these 14 Two explanations for the law of demand are (a) Price and quantity effects. (b) Substitution and income effects. (c) Opportunity cost and substitution effects. (d) Substitutes and inferior goods. (e) None of the above. 15 An increase in demand, ceteris paribus, will usually cause (a) A decrease in quantity demanded. (b) an increase in quantity supplied. (c) an increase in supply. d) a higher quantity and a lower price. 16. The quantity demanded of a product rises whenever (a) the product’s price falls. (b) incomes increase. (c) population increases. (d) the prices of substitute goods rise 17 The demand curve is downward-sloping because at a higher price for a good (ceteris paribus) (a) people buy fewer substitutes. (b) people buy more complements. (c) people search for substitutes. (d) income rises. (e) substitutes become complements. 18 The supply curve is upward-sloping be cause at higher prices for a good (a) consumers search out more substitutes. (b) consumer income increases. c) demand is lower. (d) None of the above. 19 If the factors held constant along a supply or demand curve change, (a) the equilibrium may change. (b) the demand and supply equilibrium may be disrupted. (c) the supply or demand curve may shift. (d) All of the above. 20 If the price of crackers goes up when the price of cheese goes down, crackers and cheese are (a) inferior goods. (b) substitutes. (c) both substitutes and complements. (d) complements Answers for Self Assessment Questions 1 (a) 2 (a) 3 (a) 6 (c) 7 (d) 8 (a) 11(a) 12(a) 13(d) 16(a) 17(c) 18(d) 4 (d) 9 (c) 14(b) 19(a) 5 (d) 10 (c) 15(b) 20(d) Chapter-5 PRICE ELASTICITY OF DEMAND 1 If the price elasticity of demand for a good is . 75, the demand for the good can be described as: a. normal b. elastic c. inferior d. inelastic. 2. When the price of a product is increased 10 percent, the quantity demanded decreases 15 percent. In this range of prices, demand for this product is: a. elastic b. inelastic c. cross-elastic. d. unitary elastic. 3. If the price elasticity of demand for a product is equal to 0. 5, then a 10 percent decrease in price will: a. increase quantity demanded by 5 percent. b. increase quantity demanded by 0. percent. c. decrease quantity demanded by 5 percent. d. decrease quantity demanded by 0. 5 percent. 4 If an increase in the supply of a product results in a decrease in the price, but no change in the actual quantity of the product exchanged, then: a. the price elasticity of supply is zero. b. the price elasticity of supply is infinite. c. the price elasticity of demand is unitary. d. the price elasticit y of demand is zero. 5. If 100 units of product K are sold at a unit price of $10 and 75 units of product K are sold at a unit price of $15, one can conclude that in this price range: a. emand for product K is elastic. b. demand for product K is inelastic. c. demand for product K has shifted to the right. d. consumers are sensitive to price changes of product K. 6 Total revenue falls as the price of a good increases if price ela sticity of demand is: a. elastic. b. inelastic c. unitary elastic d. perfectly elastic. 7 The demand for Cheerios cereal is more price-elastic than the demand for cereals as a whole. This is best explained by the fact that: a. Cheerios are a luxury. b. cereals are a necessity. c. there are more substitutes for Cheerios than for cereals as a whole. d. onsumption of cereals as a whole is greater than consumption of Cheerios. 8 What is the most likely effect of the development of television, videocassette players, and rental movies on the movie theater industry ? a. b. c. d. decreased costs of producing movies increased demand for movie theater tickets movie theater tickets become an inferior good increased price elasticity of demand for movie theater tickets 9 The price elasticity of demand will increase with the length of the period to which the demand curve pertains because: a. consumers’ incomes will increase. b. the demand curve will shift outward. . all prices will increase over time. d. consumers will be better able to find substitutes. 10. A state government wants to increase the taxes on cigarettes to increase tax revenue. (a)True (b) False 11 This tax would only be effective in raising new tax revenues if the price elasticity of demand is: a. unity b. elastic c. inelastic d. perfectly elastic. 12. Sony is considering a 10 percent price reduction on its color television sets. If the demand for sets in this price range is inelastic: A) revenues from color sets will remain constant. B) revenues derived from color sets will de crease. C) revenues derived from color sets will increase. D) the number of television sets sold will decrease 13 Elasticity of demand for a commodity with respect to change in its price. (a)True (b) False 14 An elasticity alternative in which infinitesimally small changes in price cause infinitely large changes in quantity. (a)True (b) False 15 Three factors that affect the numerical value of the price elasticity of demand are the a. b. c. d. availability of substitutes time period of analysis proportion of budget All of these 16 The price elasticity of demand is one of four common elasticity’s used in the analysis of the market. a)True (b) False 17 Cross elasticity of demand is: a. negative for complementary goods b. unitary for inferior goods. c. negative for substitute goods d. positive for inferior goods. 18. A positive cross elasticity of demand coefficient indicates that: a. a product is an inferior good. b. a product is a normal good. c. two products are substitute goods. d. t wo products are complementary goods. 19 A market without legal prices is in equilibrium when: a. quantity demanded equals price. b. the demand curve remains constant. c. quantity demanded equals quantity supplied. d. uantity demanded is greater than quantity supplied. 20 A relatively small change, say 1% on an INR 100,000 house, can make a BIG difference in the buyer’s decision to buy. (a)True (b) False Answers for Self Assessment Questions 1 (d) 2 (a) 3 (a) 4 (d) 5 (a) 6 (a) 7 (c) 8 (d) 9 (d) 10 (a) 11(d) 12(c) 13(a) 14(a) 15(d) 16(a) 17(a) 18(c) 19(c) 20(a) Chapter-6 TYPES OF ELASTICITIES OF DEMAND 1 If it is observed that, in a particular market, price has risen and quantity exchanged has increased, it is likely that: a. supply has increased. b. supply has decreased. c. demand has increased. d. emand has decreased. 2 The quantity of a good demanded rises from 1000 to 1500 units when the price falls from $1. 50 to $1. 00 per unit. The price elasticity of demand for this pro duct is approximately: a. 1. 0 b. 16 c. 2. 5 d. 4. 0 3 If the elasticity of demand for a commodity is estimated to be 1. 5, then a decrease in price from $2. 10 to $1. 90 would be expected to increase daily sales by: a. 50% b. 1. 5% c. 5% d. 15% 4 A long-run demand curve, as compared to a short-run demand curve for the same commodity, is generally: a. more elastic b. less elastic c. of the same elasticity d. none of the above. The price elasticity of demand is 5. 0 if a 10 percent increase in the price results in a a. 2%decrease in quantity demanded. b. 5%decrease in quantity demanded. c. 10% decrease in quantity demanded d. 50% decrease in quantity demanded. 6 Demand for a good will likely be more elastic, a. The higher the level of income. b. The larger the proportion of monthly income spent on it. c. The fewer the good substitutes available. d. The higher the price of complementary goods. 7 Demand will be more elastic, a. The higher the income. b. The lower the price. c. The shor ter the passage of time after a permanent price increase. . The more substitutes available for the good. 8 The price elasticity of demand measures the sensitivity of demand to price changes. (a)True (b) False 9 If a good has no close substitutes and is regarded as a necessity by many consumers, then demand for the good will be quite elastic. (a)True (b) False 10 Cross elasticity of demand is the ratio of the percentage change in demand for a good to the percentage change in price for another. (a)True (b) False 11 A 50 percent increase in price that results in a 90 percent decrease in the quantity demanded indicates that demand is elastic in this price range. a)True (b)False 12 Demands for most goods tend to become more elastic with the passage of time. (a)True (b) False 13 If two goods are substitutes, then an increase in the price of one good will leads to an increase in the demand for the other good. (a)True (b) False 14 If two goods are complements, then a decrease in the price o f one good will results in a decrease in the demand of the other good. (a)True (b) False 15 The price elasticity of demand is the same as the slope of the demand curve. (a)True (b) False 16 If demand is price elastic, then: a. a rise in price will raise total revenue. b. a fall in price will raise total revenue. . a fall in price will lower the quantity demanded. d. a rise in price won’t have any effect on total revenues. 17 Complementary goods have: a. The same elasticity’s of demand. b. very low price elasticity of demand. c. negative cross price elasticity of demand with respect to each other. d. positive income elasticity of demand. 18 The price elasticity of demand generally tends to be: a. smaller in the long run than in the short run. b. smaller in the short run than in the long run. c. larger in the short run than in the long run. d. unrelated to the length of time. 19 If the price elasticity of supply of doodads is 0. 0 and the price increases by 3 percent, th en the quantity supplied of doodads will rise by a. 0. 60 percent. b. 0. 20 percent c. 1. 8 percent d. 18 percent. 20 If the cross-price elasticity between two commodities is 1. 5, a. The two goods are luxury goods. b. The two goods are complements. c. The two goods are substitutes. d. The two goods are normal goods. Answers for Self Assessment Questions 1 (c) 2 (a) 3 (d) 6 (b) 7 (d) 8 (a) 11(a) 12(a) 13(a) 16(b) 17(c) 18(b) 4 (a) 9 (b) 14(b) 19(c) 5 (d) 10 (a) 15(b) 20(c) Chapter-7 SUPPLY ANALYSIS 1 The cost of factor inputs like land, labor, and capital has a major influence on supply. a)True (b) False 2 Which of the following factors will make the demand for a product more elastic? (Assume the product has a straight-line, downward sloping demand. ) a. The product has no close substitutes. b. A very small proportion of income is spent on the good. c. A long time period has elapsed since the product’s price changed. d. A lower price 3 For a given normal supply curve, the amo unt of a tax paid by the buyer will be larger a. the more elastic the demand. b. the more inelastic the demand. c. the income elasticity is equal to zero d. when the price is high. With a perfectly elastic demand and a normal supply (upward-slopping) a. consumers will bear the entire tax burden. b. consumers will not bear any tax burden. c. consumers and producer will split the tax burden in half. d. producers will not bear any tax burden. 5 Which of the following leads to the producers paying all of a tax? a. The supply is perfectly elastic. b. The supply is perfectly inelastic. c. The demand is unit elastic. d. The demand is perfectly inelastic. 6 The incidence (split) of sales tax is determined by the a. level of government which imposes the tax. b. federal government in all cases. c. greed of the seller. d. rice elasticity of supply and demand. 7 The market supply curve is the horizontal sum of the individual supply curve. (a)True (b) False 8 Supply determinants are five ceteris paribus factors that are held constant when a supply curve is constructed. (a)True (b) False 9 Supply is the willingness and ability of producers to make a specific quantity of output available to consumers at a particular price over a given period of time. (a)True (b) False 10 Individuals supply factors of production to firms. (a)True (b) False 11 The supply curve for tomatoes is not thus more elastic in the short run than in the momentary period. (a)True (b)False 2 Macroeconomic studies are based on empirical evidence. (a)True (b)False 13 Demand curve slopes upwards from left to right. (a) True (b)False 14 In the market, anyone who agrees to pay the requisite price of a product would be excluded from their consumption. (a) True (b)False 15 Aglets are the metal or plastic tips on shoelaces that make it easier to lace your shoes. The demand for aglets is probably a. perfectly elastic. b. inelastic. c. elastic but not perfectly elastic. d. unit elastic. 16 The cross elasticity of de mand measures the responsiveness of the quantity demanded of a particular good to changes in the prices of a. Its complements but not its substitutes. b. its substitutes but not its complements. c. its substitutes and its complements d. neither its substitutes nor its complements. 17 If goods are complements, definitely their a. income elasticity’s are negative b. income elasticity’s are positive. c. cross elasticity’s are positive. d. cross elasticity’s are negative. 18 If a rise in the price of good 1 decreases the quantity of good 2 demanded, a. the cross elasticity of demand is negative b. good 1 is an inferior good. c. good 2 is an inferior good d. the cross elasticity of demand is positive. 9 The price elasticity of demand generally tends to be: a. smaller in the long run than in the short run. b. smaller in the short run than in the long run. c. larger in the short run than in the long run. d. unrelated to the length of time. 20 The demand for your services becomes more elastic. (a)True (b)False Answers for Self Assessment Questions 1 (a) 2 (c) 3 (b) 6 (d) 7 (a) 8 (a) 11(b) 12(a) 13(b) 16(c) 17(d) 18(a) 4 (b) 9 (a) 14(b) 19(b) 5 (b) 10 (a) 15(b) 20(a) Chapter-8 PRODUCTION DECISION 1 Which of the following functions is not a core function of an organisation? a. The product/service development function b. The operations function c. The accounting and finance function d. The marketing (including sales) function 2 Most operations produce a mixture of both products and services. Which of the following businesses is closest to producing â€Å"pure† services? a. IT company b. A Restaurant c. Counsellor/therapist d. Steel company 3 Operations can be classified according to their volume and variety of production as well as the degree of variation and visibility. Which of the following operations would be classified as high volume, low variety? a. A family doctor b. A carpenter c. A front office bank d. A fast food restaurant 4 Which of the following activities is not a direct responsibility of operations management? a. Designing the operation’s products, services and processes b. Planning and controlling the operation c. Developing an operations strategy for the operation d. Determining the exact mix of products and services that customers will want 5 Operations can be classified according to the degree of variation in demand and visibility of the operation as well as their volume and variety of production. Which of the following operations would be classified as high variation and high visibility? a. A front office bank b. A family doctor c. A fast food restaurant d. A carpenter 6 The production function incorporates the technically efficient method of †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. a. production. b. process c. function d. All of these 7 A fixed input is one whose quantity cannot be varied during the time under consideration. (a)True (b)False 8 Economists find it convenient to distinguish between the †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. and the long run. a. short run b. large run c. big run d. None of these 9 The law of variable proportions states that as the quantity of one factor is increased, keeping the other factors fixed, the marginal product of that factor will eventually decline. a)True (b)False 10 MRP stands for a. Marginal Revenue Product b. Marginal Revenue process c. Both (a) and (b) d. None of these 11 The book value of old equipment is not a relevant cost in a decision. (a)True (b)False 12. One of the dangers of allocating common fixed costs to a product line is that such allocations can make the line appear less profitable than it really is. (a)True (b)False 13. A differential cost is a variable cost. (a)True (b)False 14. All future costs are relevant in decision making. (a)True (b)False 15. Variable costs are always relevant costs. (a)True (b)False 6 Only the variable costs identified with a product are relevant in a decision concerning whether to eliminate the product. (a)True (b)False 17 Managers should pay little attention to bottleneck operations because they have limited capacity for producing output. (a)True (b)False 18 A cost that does not affect a decision is called an a. opportunity cost b. incremental cost c. avoidable cost d. irrelevant cost 19. Costs that change between alternatives are called a. fixed costs. b. opportunity costs. c. crelevant costs. d. sunk costs. 20. A cost incurred in the past that cannot be changed by any future action is a(n) a. pportunity cost b. sunk cost c. relevant cost d. avoidable cost Answers for Self Assessment Questions 1 (c) 2 ( c) 3 (d) 6 (a) 7 (a) 8 (a) 11(a) 12(a) 13(b) 16(b) 17(b) 18(d) 4 (d) 9 (a) 14(b) 19(c) 5 (b) 10 (a) 15(b) 20(b) Chapter-9 ISOQUANT AND PRODUCTION FUNCTION 1 Economists typically assume that the owners of firms wish to a. produce efficiently. b. maximize sales revenues. c. maximize profits. d. All of these. 2 Efficient production occurs if a firm a. cannot produce its current level of output with fewer inputs. b. given the quantity of inputs, cannot produce more output. c. maximizes profit. d. All of the above. Limited liability is a benefit to a. sole proprietorships. b. partnerships. c. corporations. d. all of the above. 4 Which of the following statements best describes a production function? a. the maximum profit generated from given levels of inputs b. the maximum level of output generated from given levels of inputs c. all levels of output that can be generated from given levels of inputs d. all levels of inputs that could produce a given level of output 5 With respect to produ ction, the short run is best defined as a time period a. lasting about six months. b. lasting about two years. c. in which all inputs are fixed. d. n which at least one input is fixed. 6 In the long run, all factors of production are a. variable. b. fixed. c. materials. d. rented. 7 The short-run production functions for Albert’s Pretzels. The marginal productivity of labor equals the average productivity of labor a. for all levels of labor. b. at none of the levels of labor. c. only for the first worker. d. only for the fifth worker. 8 the short-run production function for Albert’s Pretzels. The law of diminishing marginal productivity a. appears with the second worker. b. has not yet appeared for any of the levels of labor. c. first appears with the fifth worker. d. s refuted by this evidence. 9 If the average productivity of labor equals the marginal productivity of labor, then a. the average productivity of labor is at a maximum. b. the marginal productivity of lab or is at a maximum. c. Both A and B above. d. Neither A nor B above. 10 Average productivity will fall as long as a. marginal productivity is falling. b. it exceeds marginal productivity. c. it is less than marginal productivity. d. the number of workers is increasing. 11 Factors of production are a) inputs and outputs. b) outputs only c) inputs only d) the minimum set of inputs that can produce a certain fixed quantity of output. 2 The set of all pairs (z1, z2) of inputs that yield the output y is the y-is quant. (a)True (b)False 13 L-shaped isoquants imply that production requires that the inputs are perfect substitutes. a. are imperfect substitutes. b. cannot be used together. c. must be used together in a certain proportion. d. None of these 14 Isoquants that are downward-sloping straight lines imply that the inputs a. are perfect substitutes. b. are imperfect substitutes. c. cannot be used together. d. must be used together in a certain proportion. 15 Isoquants that are downwar d-sloping straight lines exhibit a. n increasing marginal rate of technical substitution. b. a decreasing marginal rate of technical substitution. c. a constant marginal rate of technical substitution. d. a marginal rate of technical substitution that cannot be determined. 16 The profit maximization firm will choose the least cost combination of factors to produce at any given level of output. (a)True (b) False 17 The production function is useful in deciding on the additional value of employing a variable input in the production process. (a)True (b) False 18 The additional use of an input factor should be stopped when its marginal revenue productivity just equals its price. a)True (b) False 19 The least cost combination of-factors or producer’s equilibrium is now explained with the help of †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. curves and iso costs. a. iso product b. iso process c. Both(a) and (b) d. None of these 20 MRTS stands for†¦Ã¢â‚¬ ¦.. a. Marginal rate of technical stru cture b. Marginal rate of technical substitution c. Both(a) and (b) d. None of these Answers for Self Assessment Questions 1 (d) 2 (d) 3 (c) 6 (a) 7 (c) 8 (a) 11(c) 12(a) 13(c) 16(a) 17(a) 18(a) 4 (b) 9 (a) 14(a) 19(a) 5 (d) 10 (b) 15(c) 20(b) Chapter-10 THEORY OF COST 1 The cost of capital is critically important in finance. a)True (b)False An implicit cost is a. the cost of giving up an alternative b. the cost of a chosen alternative c. calculated by subtracting the monetary cost. d. none of the above 3 The historical cost of an asset refers to the actual cost incurred at the time the asset was acquired. (a)True (b) False 4 An Explicit cost is a business expense accounted cost that can be easily identified such as wage, rent and materials. (a)True (b) False 5 Private is the cost that has to be paid by an individual who is directly involved in the production or consumption of a particular good. a)True (b) False 6 Social cost or external cost is not the cost burden carried by indivi duals who are not directly involved in the production or consumption of that particular good (a)True (b) False 7 Average cost is the sum total of Average variable it and average fixed cost. (a)True (b) False 8 Cost-output relationship facilitates many managerial relationships such as: a. Formulating the standards of operations. b. Formulating the rational policy on plant size. c. Formulating a policy of profit prediction. d. All of these 9 Cost in the short-run can be classified into†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦and variable cost. a. fixed cost b. sset c. both (a) and (b) d. None of these 10 Total fixed costs remained fixed irrespective of increase or decrease in production of activity. (a)True (b) False 11 Marginal costs is the change in total cost resulting from unit change in†¦Ã¢â‚¬ ¦.. a. output b. input c. both(a) and (b) d. None of these 12 The †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. implies that the cost of production continues to be low till the firm reaches the optimum scale (Marginal cost = Av erage cost). a. V-shape b. Q-shape c. U-shape d. All of these 13 Scale economies and returns to scale generally produce a U-shaped long-run average cost curve, such as the one displayed to the right. a) True (b) False 14 __________ is concerned with the branch of economics relating the behavior of principals and their agents. a. Financial management b. Profit maximization c. Agency theory d. Social responsibility 15 A concept that implies that the firm should consider issues such as protecting the consumer, paying fair wages, maintaining fair hiring practices, supporting education, and considering environmental issues. a. Financial management b. Profit maximization c. Agency theory d. Social responsibility 16 Which of the following is not normally a responsibility of the treasurer of the modern corporation but rather the controller? . Budgets and forecasts b. Asset management c. Investment management d. Financing management 17 The __________ decision involves determining the appropr iate make-up of the righthand side of the balance sheet. a. asset management b. financing c. investment d. capital budgeting 18 A long-run is also expressed as a series of short-runs. (a)True (b)False 19 Which of the following are used in calculating opportunity costs? a. monetary costs b. the cost of time c. preference d. all of the above 20 An explicit cost is a. the cost of giving up an alternative b. the cost of a chosen alternative c. alculated by subtracting the monetary cost of an alternative by the time invested d. none of the above Answers for Self Assessment Questions 1 (a) 2 (a) 3 (a) 6 (b) 7 (a) 8 (d) 11(a) 12(c) 13(a) 16(a) 17(b) 18(a) 4 (a) 9 (a) 14(c) 19(d) 5 (a) 10 (a) 15(d) 20(b) Chapter-11 MARKET STRUCTURE, AND PRICING 1 Which of the following cannot be classed as a market structure? a. Oligopoly. b. Perfect competition. c. Communism. d. Monopolistic competition. 2 Income and population are two variables that can be used in ______ segmentation: a. psychographic b. demographic c. lifestyle d. behavioural 3 Strong exchange rates can: a. help stimate consumer purchasing power. b. help predict change in lifestyle across Europe. c. predict the evolution of sales for particular brands. d. drive imports to become cheaper. 4 BERI stands for: a. Business Economic Risk Index. b. Business Economic Rating International. c. Business Education Rating Indicator. d. Business Environment Risk Index. 5 The size and liquidity requirements are based on the minimum invest ability requirements for the MSCI Global Standard Indices. (a) True (b) False 6 Oligopoly is a market structure in which a small number of firms account for the whole industry’s output. (a) True (b) False The number of firms and product differentiation are extremely crucial in determining the nature of competition in a market. (a) True (b) False 8 type of market structure represented by the constant returns to scale (CRS) technology includes a. Monopolistic competition b. Oligopoly c. Duo poly d. Perfect competition 9 In industries in which there are scale economies, the variety of goods that a country can produce is constrained by a. the fixed cost b. the size of the labor force c. the marginal cost d. the size of the market 10 A monopoly firm engaged in international trade but enjoying a protected home market will a. quate marginal costs with foreign marginal revenues. b. equate marginal costs with marginal revenues in both domestic and foreign markets c. equate average costs in local and foreign markets d. none of the above 11 Minimum efficient scale of production in relation to the overall industry output and market requirement sometimes play a major role in shaping the market structure. (a)True (b) False 12 Price and output decisions of firms that want to maximize profits always depend on costs. (a) True (b) False 13 Which of the following is NOT a financial objective of pricing? a. Corporate growth. b. Return on investment. c. Profit maximization. d. None of these 14 Which of the following is NOT a marketing objective? a. Cash flow. b. Positioning. c. Volume sales. d. None of these 15 Setting a price below that of the competition is called: a. Skimming. b. Penetration pricing. c. Competitive pricing. d. None of these 16 Which of the following is NOT a reason for cutting prices? a. Capacity utilisation. b. Increasing profit margins. c. Market defence. d. None of these 17 Which of the following is NOT a reason for increasing prices? a. Cost pressures. b. Price comparison. c. Curbing demand. d. None of these 18 The costs that depend on output in the short run are: a. both total variable costs and total costs. b. total costs only. c. total fixed cost only. d. total variable costs only 19 A firm will shut down in the short run if: a. fixed costs exceed revenues. b. total costs exceed revenues. c. it is suffering a loss. d. variable costs exceed revenues. 20 In the long run, every cost is variable cost. In this period, all costs ever incurred by the firm must be recovered. (a)True (b) False Answers for Self Assessment Questions 1 (c) 2 (b) 3 (d) 6 (a) 7 (a) 8 (d) 11(a) 12(a) 13(a) 16(b) 17(b) 18(a) (d) 9 (d) 14(a) 19(d) 5 (a) 10 (b) 15(b) 20(a) Chapter-12 PERFECT COMPETITION 1. A perfectly competitive firm will maximize profit at the quantity at which the firm’s marginal revenue equals a. price b. average revenue c. total cost d. marginal cost 2 Which of the following is not a valid option for a perfectly competitive firm? a. Increasing its output. b. Decreasing its out put. c. Increasing its price. d. Increasing its resources. 3 In the long run, a perfectly competitive firm will achieve all but which of the following: a. Economic profit b. Allocative Efficiency c. Productive Efficiency d. Normal profit 4 If the price a firm receives for its product is equal to the marginal cost of producing that product, the firm is: a. Always earning an economic profit b. Always productively efficient. c. Always allocatively efficient. d. Always experiencing an economic loss. 5 A firm that is producing at the lowest possible average cost is always: a. Earning an economic profit. b. Productively efficient. c. Dominating the other firms in the market. d. Not producing enough output. 6 Which of the following is the best example of a perfectly competitive market? a. diamonds b. athletic shoes c. soft drinks d. arming 7 Perfect competition is an industry with a. a few firms producing identical goods. b. many firms producing goods that differ somewhat. c. a few firms producing goods that differ somewhat in quality. d. many firms producing identical goods. 8 In a perfectly competitive industry, there are a. many buyers and many sellers. b. many sellers, but there might be only one or two bu yers. c. many buyers, but there might be only one or two sellers. d. one firm that sets the price for the others to follow. 9 In perfect competition, the product of a single firm a. is sold to different customers at different prices. b. as many perfect complements produced by other firms. c. has many perfect substitutes produced by other firms. d. is sold under many differing brand names. 10 In perfect competition, restrictions on entry into an industry a. do not exist. b. apply to labor but not to capital. c. apply to both capital and labor. d. apply to capital but not to labor. 11 Price for a firm under monopolistic competition is ______. a. equal to marginal revenue b. greater than marginal revenue c. less than marginal revenue d. greater than total revenue 12 In the long run, monopolistically competitive firms tend to experience ______. a. high economic profits b. ero economic profits c. negative economic profits d. substantial economic losses 13 Marginal revenue for a monopolis t is ______ a. equal to price b. greater than price c. less than price d. equal to average revenue 14 Perfect competitions describes a market structure whose assumptions are extremely strong and highly unlikely to exist in most real-time and real-world markets. (a)True (b) False 15 Monopolistic competition is a market structure characterized by a large number of relatively small firms. (a)True (b) False 16 A monopolist can sell more of his output only at a lower price and can reduce the sale at a high price. a)True (b) False 17 A monopoly is a market structure in which there is not only one producer/seller for a product. (a)True (b) False 18 A perfectly competitive firm produces the profit-maximizing quantity of output that equates marginal revenue and marginal cost. (a)True (b) False 19 A perfectly competitive firm faces †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. production alternatives based on a comparison of price, average total cost, and average variable cost. a. four short-run b. three short-run c. five short-run d. All of these 20 A perfectly competitive firm’s marginal cost curve that lies above the †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. of the average variable cost curve is its supply curve. . minimum b. maximum c. both(a) and (b) d. None of these Answers for Self Assessment Questions 1 (d) 2 (c) 3 (a) 6 (d) 7 (d) 8 (a) 11(a) 12(b) 13(a) 16(b) 17(b) 18(a) 4 (c) 9 (c) 14(a) 19(b) 5 (b) 10 (a) 15(a) 20(a) Chapter-13 OLIGOPOLY AND PRICING STRATEGIES 1 A price- and quantity-fixing agreement is known as: a. game theory. b. price leadership. c. collusion. d. price concentration. 2 A group of firms that gets together to make price and output decisions is called: a. a cartel. b. price leadership. c. an oligopoly. d. a concentrated industry 3 Products produced by oligopolistic ? rms are: a. Homogeneous. b. Heterogeneous. . Differentiated. d. Heterogeneous or differentiated. 3 Oligopoly is the only market structure characterized by: a. Interdependence in pricing and output decisions. b. Differentiated products. c. Barriers to entry. d. Pro? t-maximizing behavior. 4 Oligopoly is characterized by all of the following except: a. A few large ? rms. b. Differentiated product. c. Difficult entry into the industry. d. Price competition 5 A major threat to longer term profits exists when barriers to entry into an industry are high. (a)True (b) False 6 Under kinked demand theory the prices of oligopolists are predicted to be rather rigid or ‘sticky’. a)True (b) False 7 In contestable markets, large oligopolistic firms end up behaving like: a. a monopoly. b. monopolistically competitive firms. c. a cartel. d. perfectly competitive firms 8 Which of the following types of oligopoly competition would you expect to result in the highest market output, other things equal? a. b. c. d. Stackelberg. Bertrand. Cornet. Collusion 9 The demand curve has a kink at the price which is equal to full cost price. (a) True (b) False 10. An pro? t maximizing, oligopolistic firms pr oduces at an output level where: a. P = ATC. b. MR = MC. c. MR = ATC. d. AVC MR. e. P = MR 11 Cartels are most likely to arise in which of the following market structures? a. Perfect competition. b. Monopolistic Competition. c. Oligopoly. d. Monopoly. 12 A cartel is a formal collusive organization of the oligopoly firms in an industry. (a) True (b) False 13 Needs such as training the group, setting standards and maintaining discipline, and appointing sub-leaders may be called: a. team functions. b. work functions. c. individual functions. d. task functions. 14 The Hall and flitch model of the kinked demand curve is based on an empirical survey of a sample of 38 well managed arms in England. a) True (b) False 15 The model uses the analytical tools of reaction functions of the duopolists derived on the basis of is not profit curves. (a) True (b) False 16 The important models of non-collusive oligopoly are: (a) Cournot model, (b) Kinked Oligopoly demand curve models. (a) True (b) False 17 Which of the following is not an operations strategy? a. response b. low-cost lea dership c. differentiation d. technology 18 Which of the following is not one of the leadership styles identified in House’s pathgoal theory? a. Participative. b. Employee-centered. c. Directive. d. Achievement-oriented. 9 The petroleum industry is an example of a. monopolistic competition. b. pure oligopoly. c. duopoly. d. differentiated oligopoly. 20 The kinked demand curve model assumes that a. firms match price increases, but not price cuts. b. demand is more elastic for price cuts than for price increases. c. changes in marginal cost can never lead to changes in market price. d. None of the above is correct. Answers for Self Assessment Questions 1 (c) 2 (a) 3 (d) 6 (b) 7 (a) 8 (b) 11(b) 12(c) 13(a) 16(a) 17(d) 18(b) 4 (a) 9 (b) 14(a) 19(b) 5 (d) 10 (a) 15(b) 20(d) Chapter-14 PROFIT ANALYSIS 1. A variable cost is a cost that a. varies per unit at every level of activity b. occurs at various times during the year c. varies in total in proportion to changes in the level of activity d. may not be incurred, depending on management’s discretion 2. A cost which remains constant per unit at various levels of activity is a a. variable cost b. fixed cost c. mixed cost d. manufacturing cost 3. A fixed cost is a cost which a. varies in total with changes in the level of activity b. remains constant per unit with changes in the level of activity c. varies inversely in total with changes in the level of activity d. emains constant in total with changes in the level of activity 4. Cost behavior analysis is a study of how a firm’s costs a. relate to competitors’ costs b. relate to general price level changes c. respond to changes in activity levels within the company d. respond to changes in the gross national product 5. Cost behavior analysis applies to a. retailers b. wholesalers c. manufacturers d. all entities 6. The relevant range of activity refers to the a. geographical areas where the company plans to operate b. activity level where all costs are curvilinear c. levels of activity over which the company expects to operate d. evel of activity where all costs are constant 7. Which of the following is not a plausible explanation of why variable costs often behave in a curvilinear fashion? a. Labor specialization b. Overtime wages c. Total variable costs are constant within the relevant range d. Availability of quantity discounts 8. Firms operating constantly at 100% capacity a. are common b. are the exception rather than the rule c. have no fixed costs d. have no variable costs 9. Which one of the following is a name for the range over which a company expects to operate? a. Mixed range b. Fixed range c. Variable range d. Relevant range 10 The graph of variable costs that behave in a curvilinear fashion will a. approximate a straight line within the relevant range b. be sharply kinked on both sides of the relevant range c. be downward sloping d. be a stair-step pattern 11. A mixed cost contains a. a variable cost element and a fixed cost element b. both selling and administrative costs c. both retailing and manufacturing costs d. both operating and non-operating costs 12. The variable costing method is also known as the direct costing method indirect costing approach absorption costing method period costing approach 13. The costing approach that charges all manufacturing costs to the product is referred to as a. variable costing b. contribution margin costing c. direct costing d. absorption costing 14. Variable costing is acceptable for a. financial statement purposes b. profit tax purposes c. internal use by management only d. profit tax purposes and for internal use by management 15. CVP analysis does not consider a. level of activity b. fixed cost per unit c. variable cost per unit d. sales mix 16. Which of the following is not an underlying assumption of CVP analysis? a. Changes in activity are the only factors that affect costs b. Cost classifications are reasonably accurate c. Beginning inventory is larger than ending inventory d. Sales mix is constant 17. Which of the following would not be an acceptable way to express contribution margin? a. Sales minus variable costs b. Sales minus unit costs a. b. c. d. c. d. Unit selling price minus unit variable costs Contribution margin per unit divided by unit selling price a. b. c. d. 18. The level of activity at which total revenues equal total costs is the variable point fixed point semi-variable point break-even point 19. The break-even point is where a. otal sales equals total variable costs b. contribution margin equals total fixed costs c. total variable costs equal total fixed costs d. total sales equals total fixed costs 20. Gross profit also includes rent that arises from the entrepreneur’s own land used in his production of output. a. True b. False Answers for Self Assessment Questions 1. (c) 2. (a) 3. (d) 4. (c) 7. (c) 8. (b) 9. (d) 10. (a) 11. (a) 14. (c) 15. (b) 16. (b) 17. (b) 18. (d) 5. (d) 12. (a) 19. (b) 6. (c) 13. (d) 20. (a) Chapter-15 1. There are †¦Ã¢â‚¬ ¦. methods which can be used to appraise any investment project: (a) 1 (b) 2 (c) 3 (d) 4 2. National income is the total of the value of the goods and the services which are produced in an economy. (a) True (b) False 3. Which two of the following are likely to raise the equilibrium value of National Income? (a) Rise in savings. (b) Rise in imports. (c) Rise in government spending. (d) Rise in exports. 4. Which two of the following are excluded when measuring National Income? (a) Value added in the output method. (b) Value of intermediate inputs in the output method. (c) Consumer spending in the expenditure method. (d) Transfer payments in the income method. 5. The return on an investment comes in the form of a stream of earnings in the future. (a) True (b) False 6. Cost-benefit analysis is a process for evaluating the merits of a particular project or course of action in a systematic and rigorous way. (a) True ` (b) False 7. ‘Real’ investment is not (a) the amount that shareholders are willing to provide for shares in a company (b) the cost of development of a new product (c) expenditure on public relations, staff training or research and development (d) expenditure on non-current assets such as plant, machinery, land and buildings 8. Which of the following statements about IRR and NPV is not correct? (a) NPV always gives the correct investment decision. (b) IRR gives an unreliable answer with non-conventional projects. (c) IRR can accommodate changes in the cost of capital. (d) IRR is a useful relative measure if comparing projects of differing sizes. 9. Gross Domestic Product (GDP) is the total market value of all final goods and services currently produced within the domestic territory of a country in a year. (a) True (b) False 10. Which of the following will not be a relevant factor when using the payback method of capital investment appraisal? a) The timing of the first cash inflow (b) The total cash flows generated by the asset (c) The cash flows generated by the asset up to the payback period (d) The cost of the asset 11. Why the payback method is often considered inferior to discounted cash flow in capital investment appraisal? (a) I is more difficult to calculate (b) It does not calculate how long it will take to recoup the money invested (c) It does not take account of the time value of money (d) It only takes into account the future income of a project 12. Gross National Product is the total market value of all final goods and services produced in a year. (a) True (b) False 13. In 2005†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. was the least significant liability of U. S. nonfinancial businesses in terms of total value. (a) bonds and mortgages (b) bank loans (c) inventories (d) trade debt 14. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. are examples of financial intermediaries. (a) Commercial banks (b) Insurance companies (c) Investment companies (d) All of the above 15. Financial assets †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. a) directly contribute to the country’s productive capacity (b) indirectly contribute to the country’s productive capacity (c) contribute to the country’s productive capacity both directly and indirectly (d) do not contribute to the country’s productive capacity either directly or indirectly 16. The means by which individuals hold their claims on real assets in a welldevelopedeconomy are (a) investment assets. (b) depository assets. (c ) derivative assets (d) financial assets 17. Capital budgeting is the process of evaluating and selecting long-term investments that are consistent with the goal of the firm. a) True (b) False 18. Although derivatives can be used as speculative instruments, businesses most often use them to (a) attract customers. (b) appease stockholders. (c) offset debt. (d) hedge 19. The investment in fixed assets increases the fixed cost of the firm which must be recovered from the benefit of the same project. (a)True (b) False 20. National Income is defined as the sum total of all the goods and services produced in a country, in a particular period of time. (a) True (b) False Answer 1. (c) 2. (a) 3. (c) 4. (b) 5. (a) 6. (a) 7. (a) 8. (c) 9. (a) 10. (b) 11. (c) 12. (a) 13. (b) 14. (d) 15. b) 16. (d) 17. (a) 18. (d) 19. (a) 20. (a) Chapter-16 1. In period of inflation, phantom or paper profits may be reports as a result of using the: (a) FIFO costing assumption (b) Perpetual inventory method (c) L IDO costing assumption (d) Periodic inventory method 2. Inflation is: (a) an increase in the overall price level. (b) an increase in the overall level of economic activity. (c) a decrease in the overall level of economic activity. (d) a decrease in the overall price level. 3. Aggregate supply is the total amount: (a) produced by the government. (b) of goods and services produced in an economy. c) of labour supplied by all households. (d) of products produced by a given industry. 4. The value of a dollar does not stay constant when there is inflation. (a) True (b) False 5. The inflation rate in India was recorded at 7. 23% in†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ (a) April of 2009 (b) April of 2010 (c) April of 2011 (d) April of 2012 6. The function of money that helps assess the opportunity cost of an activity is money’s use as a (a) medium of exchange. (b) store of value. (c) unit of account. (d) store of debt. 7. An official measure of money in the United States is M1, which consists of the sum of (a) currency plus traveler’s checks. b) currency plus checkable deposits. (c) currency plus traveler’s checks plus checkable deposits. (d) currency plus traveler’s checks plus time deposits. 8. Implies no trade-off between unemployment and inflation. (a) GDP deflator (b) Shoe leather’ costs (c) Long-run Phillips curve (d) ‘Menu’ costs 9. The inflation rate is used to calculate the real interest rate, as well as real increases in wages. (a) True (b) False 10†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ the quantity of money in the United States. (a) The State Department controls (b) The Department of Treasury controls (c) The Federal Reserve System controls (d) Commercial banks control 11. There are broadly †¦.. ways of controlling inflation in an economy. (a) 2 (b) 3 (c) 4 (d) 5 12. The balance of payments of a country is said to be in equilibrium when the demand for foreign exchange in exactly equivalent to the supply of it. (a) True (b) False 13. A general decline in prices is often caused by a reduction in the supply of†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. (a) money or debit (b) money or credit (c) money (d) None of these 14. The opportunity cost of holding money is the (a) inflation rate minus the nominal interest rate. (b) nominal interest rate. (c) real interest rate. (d) unemployment rate. 15. If the Fed is worried about inflation and wants to raise the interest rate, it (a) increases the demand for money. (b) increases the supply of money. (c) decreases the demand for money. (d) decreases the supply of money. 16. The circular flow of goods and incomes shows the relationship between: (a) income and money. (b) goods and services. (c) firms and households. (d) wages and salaries. 17. Fiscal measures to control inflation include taxation, government expenditure and public borrowings. (a) True (b) False 18. Hyperinflation (a) occurs in the United States during each business cycle. b) occurs only in theory, never in reality. (c) has never occurred in the United States. (d) happens in all countries at some time during their business cycle. 19. Hyperinflation refers to a situation where the prices rise at an alarming high rate. (a) True (b) False 20. The inflation rate is used to calculate the real interest rate, as well as real increases in wages. (a)True (b) False Answer 1. (b) 2. (a) 3. (b) 4. (a) 11. (a) 12. (a) 13. (b) 14. (c) 5. (d) 6. (c) 15. (d) 16. (c) 7. (c) 8. (c) 17. (a) 18. (c) 9. (a) 10. (c) 19. (a) 20. (a) How to cite Sample Questions, Essay examples