Alex is playing his music at full volume in his dorm room

Subject: Business    / General Business

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.