Multiple Choice - 1387 Words

Chapter 15 Monopoly 1. Monopolies use their market leverage to a. charge prices that equal minimum average total cost. b. attain normal profits in the long run. c. restrict output and increase price. d. dump excess supplies of their product on the market. ANSWER: c restrict output and increase price. SECTION: 1 OBJECTIVE: 1 2. If government officials break a natural monopoly up into several smaller firms, then a. competition will force firms to attain economic profits rather than accounting profits. b. competition will force firms to produce surplus output, which drives up price. c. the average costs of production will increase. d. the average costs of production will†¦show more content†¦$60 b. $40 c. $20 d. $10 ANSWER: c $20 SECTION: 2 OBJECTIVE: 2 14. The maximum profit this monopolist can earn is a. $40 b. $30 c. $20 d. $15 ANSWER: d $15 SECTION: 2 OBJECTIVE: 2 15. To maximize profit, the monopolist sets price at a. $40 b. $20 c. $0 d. $10 ANSWER: b $20 SECTION: 2 OBJECTIVE: 2 16. Suppose potatoes were produced in Canada by many, many firms in perfect competition. In Belgium, only one firm produces potatoes for the Belgium market. Suppose further that for the competitive firms and the monopoly minimum ATC is the same. We would expect that in Belgium the price of potatoes is __________ and __________ potatoes are produced and sold than in Canada. a. higher; more b. lower; more c. higher; fewer d. lower; fewer ANSWER: c higher; fewer SECTION: 2 OBJECTIVE: 2 17. â€Å"Monopolists do not worry about efficient production and cost saving since they can just pass along any increase in costs to their consumers.† This statement is a. false; price increases will mean fewer sales, and lower costs will mean higher profits (or smaller losses). b. true; this is the primary reason why economists believe that monopolies result in economic inefficiency. c. false; the monopolist is a price taker. d. true; consumers in a monopoly market have no substitutesShow MoreRelatedMultiple Choice, Binary Choice And Matching Questions Essay894 Words   |  4 PagesMultiple Choice, Binary Choice, and Matching Questions My greatest strength in writing multiple choice, binary choice, and matching questions is creating scenarios for the multiple-choice. I enjoyed writing these scenarios by making up stories that are related to the content. I was also good at keeping track of what we have and what we needed to do. Another strength I had was in creating binary choice question because there is only one right answer. My greatest weakness was coming up with goodRead MoreAccounting: Costs and Multiple Choice975 Words   |  4 PagesUniversity of Cincinnati Student Code of Conduct. Signature: Instructions: Circle your answers for the multiple choice questions on the exam. Fill out the scantron sheet carefully, using a #2 pencil. Your name (last, then first) and M number must be on the scantron sheet. Type of Question Number of Questions Points per question Suggested Time Total Points Multiple Choice 20 questions 3 points each 50 mins. 60 points You may not use any notes, books, cell phones, other media devicesRead MoreQuestions And Multiple Choice Questions1632 Words   |  7 Pagesmedical education that students can be evaluated in different ways such as written assessments, oral examination, performances or workplace assessment and evaluation of attitudes. However, this assignment will focus on long essay questions and multiple choice questions (MCQs) in written assessments and oral examination only. Therefore, the purpose of this assignment can be divided into three parts. Firstly, the use of long essay format and MCQs in the specific conditions including the benefits andRead MoreThe Effects Of Multiple Choice Testing On The Individual s Memory By Roediger IIi And Marsh Essay923 Words   |  4 PagesIn educational settings, †¦. Multiple choice responses provide the student with several relatable responses, one being correct. Students then have 25% chance of selecting the right response, along with the ability to narrow down the answers. Providing the answer and other comparably subjected answers presented with the question may stimulate the individual’s memory as well. In terms of short answer responses, the individual is forced to recall all components of the experiment. Conversely, in true/falseRead MoreMULTIPLE CHOICE1214 Words   |  5 Pagesï » ¿MULTIPLE CHOICE 1. The owners equity in a business amounted to $56,000 at the beginning of the year and $100,000 at the end of the year. The owner had made no additional investments and had withdrawn $19,000 during the year. The net income for the year amounted to a. $76,000. b. $67,000. c. $63,000. d. $188,000. ANS: C DIF: Medium OBJ: LO 6-1 MSC: AACSB Analytic 4. Changes in owners equity that result from investments or withdrawals of assets by the owner are included in the a. statementRead MoreMultiple Choice2644 Words   |  11 PagesChapter 2 Overview of the Financial System 2.1 Multiple Choice Questions 1) Every financial market has the following characteristic: A) It determines the level of interest rates. B) It allows common stock to be traded. C) It allows loans to be made. D) It channels funds from lenders-savers to borrowers-spenders. Answer: D 2) Financial markets have the basic function of A) bringing together people with funds to lend and people who want to borrow funds. B) assuring that the swings in the businessRead MoreMultiple Choice2103 Words   |  9 Pages1. Which of the following statements about heat is false? A) If heat flows into a system, the extra energy of the system appears in the form of internal energy. B) A hot object possesses more heat than a cold object. C) If the system and surroundings are in thermal equilibrium, there is no  heat flow  between them. D) A process in which heat flows out of a system is said to be exothermic. E) Heat is a form of energy flow. B is false. If you compare a cup of water at 25oC and a bath tub ofRead MoreStandardized Testing Is A Crucial Part Of Today s Federal Education Structure Essay1378 Words   |  6 Pagesthis roundtable, and the chosen excerpts from the authors on the subject, is to discern and debate both the necessity of and the role that multiple choice testing plays in teaching history. This subject is relevant to us as history teachers because it opens up the floor for discussions about the need to either continue, reform, or completely scrap multiple choice testing from the history standard of secondary education in today’s society. 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Test format, in addition to a student’s age, major and mood, can lead to inaccurate test results which may correlate with improper test formatting. Multiple choice responses provide

The Sarbanes Oxley Act ( Sox ) - 969 Words

To: New Client From: Vanda Mallo, Financial Adviser Date: November 10, 2015 Subject: Important changes in the accounting field Due to my position as your Financial Adviser, it is my duty to explain to you some important changes in the accounting field and the legislation that brought about this change. In 2002 the U.S. Congress passed the Sarbanes-Oxley Act of 2002 (SOX), a legislation put in place not only to improve the accuracy of corporate disclosures, but also to protect shareholders and the general public from accounting errors and fraudulent practices in all organizations. Although these organizations include corporations, small businesses, non-profit institutions, government bodies and any other entity where business is conducted,†¦show more content†¦This very important government agency, which consists of five commissioners from different political parties, not only oversees the SOX but also sets deadlines for compliance. Compliance is the most important change created by SOX to the accounting field, because it requires that all accounting be â€Å"in accordance with established guidelines or specifications, or the process of becoming so†. (Rouse, 2014) Compliance also means that rules established by industry regulations and government legislation are followed and honored by an organization, such as storing and retaining business records in IT systems, therefore to be in line with SOX, we principles and assumptions of accounting have been affected, such as the content and preparation of disclosure documents by public companies. I can assure you that we accept and abide by the regulations and guidelines put in place by SOX. Since compliance became our top priority, we utilize specific compliance software and IT compliance consultants, and along with our chief compliance officer (CCO), we will continue to serve our clients within these accounting compliance requirements. Business Ethics are believed to be the â€Å"study of proper business policies and practices regarding potentially controversial issues, such as corporate governance, insider trading, bribery, discrimination,

Gen 105 Free Essays

Selected reading: Name your selected reading and page numbers here Keys to Effective Learning: p. 193 (Ch. 7) SurveyDescribe the value of surveying the reading. We will write a custom essay sample on Gen 105 or any similar topic only for you Order Now By surveying the reading I was able to get an understanding of what the reading would be about. I was able to identify that the main focus would be on classical conditioning and the effects that it would have. I was able to look for key bold words in the reading. QuestionWhat questions did you ask as you were reading? I asked if there were other forms of classical conditioning that I could relate to. I also asked what other variations could have been used in the experiments I asked the definitions and examples of conditioned and unconditioned responses ReadHow did surveying and questioning help you read better? Surveying and questioning helped me to grasp the main idea of the reading before reading through the article. I was able to know what I would be reading about and what key words to look for without having read the article multiple times. This skill will be an asset with future reading requirements. ReciteHow did you decide what parts of your reading you needed to recite? I recited the questions that I initially asked myself and went over the words that I was unfamiliar with. I learn better by writing. After answering the questions, I wrote them down along with the answers. ReviewHow often do you plan to review? I will review material immediately after reading and then come back to it periodically to prevent from forgetting. Certain topics will not need to be reviewed as often as others. Wrap-up questions: How successful was the SQ3R process in helping you grasp the concepts in the section you selected? Will you use SQ3R in the future as a way to master the content in academic readings? The SQ3R process was very successful. I am not a strong reader and using these guidelines gave me a very good baseline to use with future readings and grow from. These steps will help build a foundation for upcoming classes. Looking at an entire chapter or book can be overwhelming but by using these steps, it makes the tasks at hand more manageable. I look forward to strengthening my reading ability by using the SQ3R process. References Carter, C. , Bishop, J. , Kravits, S. L. (2011). Keys to Effective Learning: Study Skills and Habits for Success (6th ed. ). : Allyn Bacon. How to cite Gen 105, Papers