16. Alex is playing his music at full volume in his dorm
room. The other people living on his floor found this to be a nuisance, but
Alex doesn’t care. Alex’s music playing is an example of:
•
normative externality
•
negative externality
•
Pareto externality
•
positive externality
17. Your résumé should tell a story of______.
•
the value you can provide to a company
•
everything you have learned and done in your previous job
•
how you plan to improve your areas of weakness
•
Your educational accomplishments
18. Joyce finds that the members of the project team to which
she has been assigned in her management class are all athletes on the college’s
football and basketball teams. She
immediately considers dropping the class because she thinks her experience with
that team will be negative. Joyce is
likely reacting to a__________.
•
stereotype
•
negativity bias
•
self-serving bias
•
semantic memory
19. Which of the following types of unemployment is
considered to be the most controllable through demand-side macroeconomic
policy?
•
Natural unemployment
•
Structural unemployment
•
Frictional unemployment
•
Cyclical unemployment
20. If a population is known to be normally distributed,
what can be said of the sample distribution of the sample mean drawn from this
population?
•
For any sample size n, the sampling distribution of the
sample mean is normally distributed.
•
For a sample size n
< 50, the sampling distribution of the sample mean is normally distributed.
•
For a sample size n > 30, the sampling distribution of
the sample mean is normally distributed.
•
For a sample size n
< 30, the sampling distribution of the sample mean is normally distributed.
21. Lori is using secondary research to develop a business
report. How can she write her report in a way that demonstrates originality in
thought?
•
Use the most current documentation guidelines
•
Generate her own conclusions and recommendations
•
Adopt a methodical approach to decision making
•
Cite all her research sources
22.
Identify an example of spontaneous creativity.
•
Settling a disagreement quickly in a simple way.
•
Organizing annual meetings and get-togethers innovatively.
•
Establishing win-win relationships with other people.
•
Modifying the strategies and procedures of a group.
23. How many parameters are needed to fully describe any
normal distribution?
•
2
•
1
•
4
•
3
24. When does the straw man fallacy occur?
•
When a person considers only 2 alternatives even when other
options are available.
•
When a decision maker dismisses an alternative that fails to
solve the issue completely.
•
When a person falsifies or overstates an adversary’s
position.
•
When a person tries to disprove a claim based on its source.
25. A monopoly firm is different from a perfectly
competitive firm in that:
•
A monopolist can influence market price whereas a perfectly
competitive firm cannot.
•
There are many substitutes for a monopolist’s product
whereas there are no substitutes for a competitive firm’s product.
•
A competitive firm has a u-shaped average cost curve whereas
a monopolist does not.
•
A monopolist’s demand curve is perfectly inelastic whereas a
perfectly competitive firm’s demand curve is perfectly elastic.
26. Which of the following is the path through which
contractionary monetary policy works?
•
Money down implies interest rate down implies investment
down implies income down
•
Money down implies interest rate up implies investment up
implies income down
•
Money down implies interest rate up implies investment down
implies income down
•
Money down implies interest rate down implies investment up
implies income down
27. A 911 emergency response service needs operators who are
bilingual in English and Spanish. A few applicants of Spanish origin are
rejected due to poor English-speaking skills. They file a complaint on the
grounds of discrimination based on nationality. Their complaint is squashed.
Here, the defense of the federal government is on the grounds of:
•
Inculpatory evidence
•
Circumstantial evidence
•
Exclusionary rule
•
Bona fide occupational qualifications
28. Jay stops at the shopping mall to purchase a new pair of
jeans from the Diesel store. He is the
ultimate consumer in a pipeline from the producer through intermediaries,
including the clothing store. This
pipeline is actually a__________.
•
consumer market
•
marketing tunnel
•
distribution matrix
•
marketing channel
29. The depreciation of currency will:
•
balance a trade surplus.
•
have no impact on a country’s comparative advantage.
•
worsen a country’s comparative advantage.
•
improve a country’s comparative advantage.
30. The depreciation of currency will:
•
balance a trade surplus.
•
have no impact on a country’s comparative advantage.
•
worsen a country’s comparative advantage.
•
improve a country’s comparative advantage.
