Recent Question

Which of the following is a benefit of using an incident model 1. Part of your change management plan defines what should happen in the change control system for your project. Theresa, a junior project manager, asks what the configuration management activities are for scope changes. You tell her that all of the following are valid configuration management activities except for which one? 2. Which of the following are the most commonly us ...

Other / Other 25 May 2016

Which one of these statements best reflects the purpose of knowledge management 1. The goal of Change Management is to ensure that standardized methods and procedures are used for efficient handling of all changes. Which of the following are Change Management terminologies? Each correct answer represents a part of the solution. Choose three. 2. Which one of these statements best reflects the purpose of knowledge management ? 3. Which o ...

Other / Other 25 May 2016

The Walt Disney Company, the creators of Mickey Mouse 1. Question: Each of the following firms possesses market power. Explain its source. a. Merck, the producer of the patented cholesterol-lowering drug Zetia b. Chiquita, a supplier of bananas and owner of most banana plantations c. The Walt Disney Company, the creators of Mickey Mouse 2. Question: Skyscraper City has a subway system, for which a one-way fare is $1.50. There is press ...

Other / Other 25 May 2016

Which of the following would tend to make demand INELASTIC 1. Those goods having a calculated income elasticity that is negative are called: 2. Which of the following would tend to make demand INELASTIC ? 3. When using a multiplicative power function (Y = a X1b1 X2b2 X3b3) to represent an economic relationship, estimates of the parameters (a, and the b's) using linear regression analysis can be obtained by first applying a ____ transfor ...

Other / Other 25 May 2016

An example of a time series data set is one for which 1. One commonly used test in checking for the presence of autocorrelation when working with time series data is the ____. a) F-test b) Durbin-Watson test c) t-test d) z-test 2. An example of a time series data set is one for which the: a) data would be collected for a given firm for several consecutive periods (e.g., months). b) data would be collected for several different firm ...

Other / Other 25 May 2016

According to the theory of cost, specialization in the use of variable resources 1. The marginal rate of technical substitution may be defined as all of the following except: a) the rate at which one input may be substituted for another input in the production process, while total output remains constant b) equal to the negative slope of the isoquant at any point on the isoquant c) the rate at which all combinations of inputs have equal ...

Other / Other 25 May 2016

Economies of scale exist whenever long-run average costs 1. Which of the following statements concerning the long-run average cost curve of economic theory is true? a) It is L-shaped b) It is -shaped c) It is -shaped d) It is -shaped e) It is M-shaped 2. Economies of scale exist whenever long-run average costs: a) Increase as output is increased b) Remain constant as output is increased c) Decrease as output is increased d) Decli ...

Other / Other 25 May 2016

The combinations of inputs costing a constant C dollars is called 1. The combinations of inputs costing a constant C dollars is called: a) anisocost line b) an isoquant curve c) the MRTS d) anisorevenue line 2. Marginal factor cost is defined as the amount that an additional unit of the variable input adds to ____. a) marginal cost b) variable cost c) marginal rate of technical substitution d) total cost 3. The marginal produ ...

Other / Other 25 May 2016

For studying demand relationships for a proposed new product that no one has ever used before 1. The constant or intercept term in a statistical demand study represents the quantity demanded when all independent variables are equal to: i. 1.0 ii. their minimum values iii. their average values iv. 0.0 2. The estimated slope coefficient (b) of the regression equation (Ln Y = a + b Ln X) measures the ____ change in Y for a one ____ chang ...

Other / Other 25 May 2016

If demand were inelastic, then we should immediately 1. The standard deviation is appropriate to compare the risk between two investments only if a) the expected returns from the investments are approximately equal b) the investments have similar life spans c) objective estimates of each possible outcome is available d) the coefficient of variation is equal to 1.0 2. Generally, investors expect that projects with high expected net pre ...

Other / Other 25 May 2016