Hello, Could you please help me answer as many of these questions as possible? T

Question

Hello,

Could you please help me answer as many of these questions as possible?

Thank you very much.

Question 10 of 100 1.0 Points
Which of the following is not an example of the government's role in helping create wealth?

A. Providing protection against criminals

B. Recording property transactions

C. Assessing property taxes

D. Providing federal courts to adjudicate contract disputes

Question 15 of 100 1.0 Points
Carol Dweck believes that

A. you are born with a given mindset and there is not too much that you can do about it.

B. mindset is fluid and can be changed through self-awareness

C. None of the other responses is correct

D. a fixed mindset will help you fix your mind on the goal and see you through tough times.

Question 17 of 100 1.0 Points
When are parties likely to engage in transactions?

A. When the total gains from trade are greater than zero

B. If the sale price is above the seller's value and below the buyer's value

C. All of the other responses are correct

D. If they both gain from the transaction

Question 18 of 100 1.0 Points
A retailer has to pay $10 per hour to hire 13 workers. If the retailer only needs to hire twelve workers, a wage rate of $7 per hour is sufficient. What is the marginal cost of the 13th worker?

A. $46.

B. $33.

C. $84.

D. $9.

Question 22 of 100 1.0 Points
Property rights need to be secure

A. to promote economic development.

B. to promote an equal distribution of income.

C. to encourage environmentalism.

D. all of these choices.

Question 23 of 100 1.0 Points
By being responsible for their actions

A. employees find it easier to free ride on the performance of others.

B. moral hazard becomes asymmetric information.

C. the stock market is selling the claims of agents.

D. employees are being given a property right.

Question 24 of 100 1.0 Points
A common way used to align the interests of managers with the interests of equity holders is

A. piecework pay.

B. insurance.

C. forwarded loaded pay schemes.

D. stock options. Reset Selection

Question 25 of 100 1.0 Points
Government rules and regulations can, at times,

A. improve the function of property rights.

B. limit free-riders.

C. reduce negative externalities.

D. all of these choices.

Question 26 of 100 1.0 Points
A basketball manufacturer is considering a number of options for its new factory. Given the following costs and benefits of the four different factory configurations, what are the marginal costs and benefits of the Extra Large configuration relative to the Large configuration?

Total Cost Total Benefit
Configuration A (Small) $45,000 70,000
Configuration B (Medium) 120,000 170,000
Configuration C (Large) 240,000 300,000
Configuration D (Extra Large) 400,000 420,000

A. Marginal cost of $160,000 and marginal benefit of $120,000.

B. Marginal cost of $400,000 and marginal benefit of $420,000.

C. Marginal cost of $120,000 and marginal benefit of $120,000.

D. Marginal cost of $160,000 and marginal benefit of $220,000.

Question 35 of 100 1.0 Points
After people buy insurance, they are more likely to build a beach house out of wood framing rather than concrete block. This is an example of

A. risk neutrality.

B. free riding in teams.

C. risk aversion.

D. moral hazard.

Question 36 of 100 1.0 Points
A basketball company is considering purchasing a new machine that doubles capacity from 100 to 200 balls per day. The machine will occupy 1,000 square feet of unused space on the factory floor. Which costs are irrelevant in this decision to purchase a machine?

A. Rental expense associated with the 20,000 square foot factory.

B. Additional personnel required to operate the machine.

C. Maintenance cost for routine cleaning of the machine.

D. Additional electricity required to operate the machine.

Question 41 of 100 1.0 Points
Which of the following best describes the concept of spontaneous order?

A. The results of human action but not of human design.

B. A bill passed by Congress.

C. A phenomenon that has properties irreducible to its elements.

D. The underlying rationality of even whimsical actions.

Question 44 of 100 1.0 Points
According to the text, success requires:

A. a focus on quality.

B. a visionary leader.

C. a customer-orientation.

D. there is no secret formula that guarantees success.

E. an emphasis on efficiency.

Question 47 of 100 1.0 Points
Barry Brownstein believes that often more controls

A. lead to more order

B. lead to less order

C. the most successful companies have many rules to cover all situations

D. None of the other responses is correct

Question 50 of 100 1.0 Points
Data suggest that which of the following are necessary for high rates of economic growth?

A. all of these choices.

B. private property rights.

C. clear incentives.

D. free markets.

Question 52 of 100 1.0 Points
Decentralization of decision-making authority is supported by which of the following?

A. A trend of stronger, more active CEOs

B. Shrinking costs of computing bandwidth, which allows information to be inexpensively aggregated from geographically diverse business units

C. Reduction in the use of incentive compensation

D. Development of microcomputing resources at the corporate, division, and employee level

Question 60 of 100 1.0 Points
In which of the following cases is bargaining likely to reduce or eliminate the externality?

A. Industrialization around the world is causing global warming.

B. Chemicals from manufacturing plants in the Midwest are causing acid rain in Canada.

C. Ed is allergic to his roommate's cat.

D. Polluted water runoff from farms is making residents of a nearby town sick.

Question 67 of 100 1.0 Points
"People who have dental insurance don't floss often enough." This is an example of

A. risk adverse behavior

B. moral hazard.

C. asymmetric information.

D. bad parenting. Reset Selection

Question 68 of 100 1.0 Points
Free riding is a problem

A. when team members are altruistic.

B. when monitoring is costless.

C. if an individual's contribution to a team is not easily measured.

D. if an individual's contribution is to a team is easily measured.

Question 69 of 100 1.0 Points
Hernando de Soto believes that that property rights enable society to achieve:

A. Prosperity.

B. All of the other responses are correct

C. A society that promotes virtue.

D. An end to the antagonisms between individuals.

E. A perfectly just society.

Question 70 of 100 1.0 Points
On average each year, about 7 percent of all firms in the United States are new, and 1 percent go out of business. According to the text, which of the following is not true?

A. Being a first mover may be a reason for failure.

B. Size may be an important factor of success.

C. A firm that globalizes may find that it fails.

D. A focus on quality may have a role in a firm's performance.

E. Luck never plays a role in a firm's performance.

Question 73 of 100 1.0 Points
A focus on quality means:

A. The firm will definitely be successful.

B. A firm must decide whether an additional focus on quality is worth the cost.

C. Consumers will not be willing to purchase the product.

D. An inability to actually produce anything.

E. A firm does nothing but produce the highest quality product.

Question 75 of 100 1.0 Points
Geoff Colvin believes that the primary determiner of success is

A. your home environment

B. how high you score on a IQ test

C. your grades in school

D. All of the other responses are correct

E. how much you practice

Question 77 of 100 1.0 Points
A computer manufacturer can produce 5 computers for $4000 and 10 computers for $7500. Based on this information, what is the marginal cost per computer of the 6th through 10th computers?

A. $700

B. $500

C. $800

D. $750

Question 80 of 100 1.0 Points
You own a retail establishment run by a store manager who receives a flat salary of $80,000. If you set up another store as a franchise with incentive compensation to the franchisee, what would be a reasonable total compensation range that the franchisee could earn?

A. $80,000-$100,000

B. $80,000

C. $60,000-$100,000

D. $40,000-$80,000

Question 81 of 100 1.0 Points
If large, dominant firms tend to be more successful and last longer than small, non-dominant firms, it would be because:

A. the large, dominant firm has an advantage in its costs or in being able to meet customer wants.

B. the large firm can dictate what it wants to consumers and to its suppliers.

C. the large, dominant firm is able to offer more products at lower prices.

D. the small firm can never compete with the large firm.

E. the small firm is a risk-taker and typically is not around for long.

Question 82 of 100 1.0 Points
Which of the following is not an example of a process designed to combat moral hazard problems?

A. Banks include restrictive covenants in loan agreements.

B. Insurance companies require applicants to provide medical history information as part of the application process.

C. Employers regularly monitor employee performance.

D. Universities have students complete evaluations of professor performance at the end of a class.

Question 86 of 100 1.0 Points
According to the text, economics offers the business person

A. a replacement for the personnel department.

B. a substitute for the accounting department.

C. an approach to thinking.

D. a substitute for the marketing department.

E. a way to forecast demand.

Question 87 of 100 1.0 Points
Which of the following best describes the two kinds of externalities?

A. Positive externalities are imposing a cost on another, while negative externalities are imposing a cost on you.

B. Positive externalities can be stopped, while negative externalities cannot.

C. Positive externalities are beneficial. Negative externalities are destructive or undesirable.

D. None of the other responses is correct

E. Negative externalities cannot conflict with each other, while positive externalities can.

Question 89 of 100 1.0 Points
A basketball manufacturer is considering a number of options for its new factory. Given the following costs and benefits of the four different factory configurations, which Configuration should they select?

Total Cost Total Benefit
Configuration A (Small) $45,000 90,000
Configuration B (Medium) 120,000 180,000
Configuration C (Large) 240,000 310,000
Configuration D (Extra Large) 400,000 420,000

A. Configuration C.

B. Configuration B.

C. Configuration A.

D. None of the Configurations. Reset Selection

Question 90 of 100 1.0 Points
Approximately what percentage of the world's organizations face tradeoffs?

A. 50%

B. 75%

C. 25%

D. 100%

Question 93 of 100 1.0 Points
Christine has purchased five bananas and is considering the purchase of a sixth. It is likely she will purchase the sixth banana if

A. the average value of the sixth bananas exceeds the price.

B. the marginal benefit of the sixth banana exceeds its price.

C. the marginal value she gets from the sixth banana is lower than its price.

D. the total personal value of six bananas exceeds the total expenditure to purchase six bananas.

Question 95 of 100 1.0 Points
Gary Hamel believes

A. a lattice structure can have real advantages over a hierarchy

B. a lattice structure wastes too much time

C. a hierarchy is necessary to get real work done

D. None of the other responses is correct

Question 96 of 100 1.0 Points
Daniel Pink reports that rewards and punishments

A. can have a negative effect on solving novel problems

B. are necessary in modern organizations

C. help us become more creative

D. None of the other responses is correct

Question 97 of 100 1.0 Points
When a home in Baltimore went up for sale, the person interested in buying a home wanted to have the house inspected. The person selling the home encouraged the buyer to inspect the house before the sale is final. Which statement is true?

A. The seller is screening

B. The buyer is trying to solve the problem of adverse selection

C. None of the other responses is correct

D. The buyer is signaling

Explanation / Answer

1.a 2.b 3.c 4.a 5.c 6.b 7.d 8.d 9.a 10.d 11.a .12.d 13.d 14.b 15.a too many qns per post

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