Econ 102 quiz 1 - Study guides, Class notes & Summaries

ECON 102 QUIZ 1 QUESTIONS AND ANSWERS 1. What is the primary goal of financial management? A) Increased earnings B) Maximizing cash flow C) Maximizing shareholder wealth D) Minimizing risk of the firm 2. The partnership form of organization A) avoids the double taxation of earnings and dividends found in the corporate form of organization. B) usually provides limited liability to the partners. C) has unlimited life. D) simplifies decision making. 3. Increased productivity due to tech...

ECON 102 QUIZ 3 / STUDY QUESTIONS AND ANSWERS UPDATED VERSION 2023/2024.ECON 102 QUIZ 3 / STUDY QUESTIONS AND ANSWERS UPDATED VERSION 2023/2024. EC102 Quiz 3 March 12th, 2008 On this day in 1876, Alexander Graham Bell successfully speaks the first words on a telephone by calling for his assistant: “Mr. Watson, come here!” (His second words were: “My bill is THAT much? No way!”) Clearly indicate a first choice and a second choice. If your first choice is right, you get 7 points...

Econ 102 quiz 1 | Econ 102 quiz 1. Economics is best defined as the study of A. financial decision-making B. how consumers make purchasing decisions. C. choices made by people faced with scarcity. D. inflation, unemployment, and economic growth Answer Key: C Question 2 of 10 10.0/ 10.0 Points Macroeconomics differs from microeconomics in that A. macroeconomics is the study of individual markets, while microeconomics deals with the nation's economy as a whole. B. microecono...

Econ 102 quiz 2 Question 1 of 10 10.0/ 10.0 Points Business cycles are A. movements in stock prices. B. the transfer of executives between firms. C. used to describe fluctuations in GDP. D. a description of the time required to bring a new product to market. Answer Key: C Question 2 of 10 10.0/ 10.0 Points Economists define the unemployed as individuals who are A. not currently working. B. not currently working but are actively looking for work. C. working but looking for a different job. D. wor...

ECON 102 QUIZ 1. Economics is best defined as the study of A.financial decision-making B.how consumers make purchasing decisions. Correct C.choices made by people faced with scarcity. D.inflation, unemployment, and economic growth Answer Key: C Question 2 of 10 10.0/ 10.0 Points Macroeconomics differs from microeconomics in that A.macroeconomics is the study of individual markets, while microeconomics deals with the nation's economy as a whole. Correct B.microeconomics is the ...

Econ 102 quiz 4 Question 1 of 10 10.0/ 10.0 Points The supply of money in the U.S. economy is determined primarily by A. decisions made by the Federal Reserve and the U.S. Treasury. B. the actions of the Federal Reserve and the banking system. C. consumers and the banking system. D. the demand for money in the economy. Answer Key: B Question 2 of 10 10.0/ 10.0 Points One of the essential functions that a bank performs is A. purchasing government bonds. B. creating deposits by lending required re...

Question 1 of 10 Economics is best defined as the study of Question 2 of 10 Macroeconomics differs from microeconomics in that Question 3 of 10 Gross domestic product calculations count only final goods and services because Question 4 of 10 Gross investment is Question 5 of 10 Depreciation is Question 6 of 10 Transfer payments are excluded from government purchases in GDP accounting because Question 7 of 10 A trade surplus occurs when Question 8 of 10 A firm's value added can be measured as th...

Question 1 of 10 10.0/ 10.0 Points Economics is best defined as the study of A. financial decision-making B. how consumers make purchasing decisions. C. choices made by people faced with scarcity. D. inflation, unemployment, and economic growth Answer Key: C Question 2 of 10 10.0/ 10.0 Points Macroeconomics differs from microeconomics in that A. macroeconomics is the study of individual markets, while microeconomics deals with the nation's economy as a whole. B. microeconomic...