Wednesday, May 6, 2020

Midterm Exam Free Essays

What went wrong with Saturn? Answer Saturn sold cars below the prices of Honda or Toyota, earning a low 3% rate of return. Saturn sold cars below the prices of Honda or Toyota, earning a low 3% rate of Question 3 Economic profit is defined as the difference between revenue and . Answer total economic cost Question 4 The primary objective of a for-profit firm is to maximize shareholder value Which of the following will increase (VOW), the shareholder wealth minimization model of the firm: VOW(shares outstanding) = Met=l (n t)/ (l+eke)t + Real Option Value. We will write a custom essay sample on Midterm Exam or any similar topic only for you Order Now Answer Decrease the required rate of return (eke). Question 6 O out of 4 points The moral hazard in team production arises from lack of proper assignment of individual tasks a conflict between tactically best interest and one’s duty Question 7 will be projects with Answer high risk Question 8 The approximate probability of a value occurring that is greater than one standard deviation from the mean is approximately (assuming a normal distribution) Answer 15. 7% Question 9 coefficient of variation; standard deviation; expected value Correct Answer: efficient of variation; standard deviation; expected value Question 10 The level of an economic activity should be increased to the point where the zero. Answer net marginal benefit Question 1 1 is A change in the level of an economic activity is desirable and should be undertaken as long as the marginal benefits exceed the marginal costs Question 12 The standard deviation is appropriate to compare the risk between two investments only if Answer the expected returns from the investments are approximately equal Correct Answer: the expected returns from the investments are approximately equal Question 13 Songwriters and composers press music companies to lower the price for music downloads because Answer songwriter royalties are a percentage of sales revenue Question 14 The factor(s) which cause(s) a movement along the demand curve include(s): Answer decrease in price of the good demanded Question 15 Those goods having a calculated income elasticity that is negative are called: Answer inferior goods An increase in each of the following factors would normally provide a subsequent increase in quantity demanded, except: Answer level of competitor advertising Question 17 Which of the following would tend to make demand INELASTIC? No one really wants the product at all the proportion of the budget spent on the item is very small When demand is a percentage change in is exactly offset by the same percentage change in demanded, the net result being a constant total consumer expenditure. Answer unit elastic; price; quantity Question 19 Auto dealers slash prices at the end of the model year in response to deficient demand/excess inventory but restaurants facing the same problem slash production because Answer rice elasticity of supply in autos is smaller than the absolute value of price elasticity of demand but the reverse is true for restaurants Correct Answer: of demand but the reverse is true for restaurants In regression analysis, the existence of a significant pattern in successive values of the error term constitutes: Answer autocorrelation Question 21 In regression analysis, the existence of a high degree of intercalation among some or all of the explanatory variables in the regression equation constitutes. How to cite Midterm Exam, Papers Midterm Exam Free Essays Midterm Exam Instructor: Name: Mayling Jou Student ID: D0042335 Department: BIBA (sophomore) Due Date: November 8th, 2012 Part I) Employee death sparks outrage at sourcing factories in China (2009). 1. Was Mr. We will write a custom essay sample on Midterm Exam or any similar topic only for you Order Now Sun’s reaction to the accusation of the theft something that only might be expected in China? I think the suicide of Mr. Sun was not only an escape for the accusation of theft something, but this reaction involves more than the theft of an intellectual property. Behind the simple fact of a theft, there are many other factors that made him kill himself, such as shiftwork and late night work, excessive working hours over a short period, long hours with inadequate breaks, Hazardous physical working conditions, etc. This is not only happening in China, but also in other countries. This article about Foxconn (China) has spread worldwide because of the increasing sells of the famous company Apple. However, I read some articles about suicide other countries like United Kingdom, where an â€Å"engineer, who killed himself, wrote in a suicide note saying ‘the pressure of work has turned my mind into a ticking time bomb’. Hazards magazine reported in 2003 that the work-related suicide toll in the UK was likely to exceed 100 deaths per year, caused by factors including overwork, stress and harassment†. Other similar stories have been happened in Japan, South Korea, Australia, New Zeeland etc. 2. Is the theft of intellectual property a problem everywhere? Why or why not? Does every culture view the importance of intellectual property in the same way? Yes, it is a problem everywhere. The piracy of intellectual property that is protected by copyright law  is  a crime. The theft of intellectual property also involved the plagiarism. Nowadays, the Internet has contributed with this problem. A common situation about this is, a group of students that decide to â€Å"copy and paste† the essay from an author. Some people say that using the ideas without attributing them is a form of theft. However, most people don’t think it is a crime. With the globalization and the fast increasing of innovation and competition, some companies want to have the same or similar software or technology as the competitor. As a clear example are China and United States. There is an article from the New York Times that says: â€Å"For the United States, the No. 1 problem with China’s economy is probably intellectual property theft. Technology companies, for example, continue to notice Chinese  government agencies downloading software updates for programs they have never bought, at least not legally. No wonder China has become the world’s second-largest market for computer hardware sales — but is only the eighth-largest for software sales. † Not every culture views the importance of intellectual property in the same way. Some companies that can’t create a new technology and instead, they take the idea from others companies. Some people think that buy legitimate software or application is really expensive and, they cannot afford it. So, they would rather download it for free or get it for a cheaper price. They argue that intellectual property tends to be governed by economic goals when it should be viewed primarily as a social product. 3. Why is theft of intellectual property such as concern in foreign sub-contractors? What can be done to control it? It is really important for every business to protect itself against intellectual property theft in today’s business. With all the global markets competition, it’s important for the company to know how to identify, protect and enforce its Intellectual property rights. The company needs to protect its information assets as securely as possible by using some techniques that can prevent any theft of intellectual property. In other to control the theft of intellectual property in foreign sub-contractors, we can mention about: †¢ Review and prepare all legal contracts making sure that the company has the protection it needs. †¢ Make sure all parties, as well as their roles and responsibilities are identified in the business contract. †¢ Spell out venue, choice of law and jurisdiction, particularly if the subcontractor that the business is working with is located out of the country. Part II) Work Councils and â€Å"Inform and consult† In the EU: HP Acquires Compaq. 1. What do the EU directives on works councils and â€Å"Inform and Consult† require in a situation like this? To whom do these directives apply? The EU Directives require companies with more than 1,000 employees throughout the EU and, with at least 150 employees in each one the two countries, which can lead the establishment of works councils to receive information and  consultation in all the decisions of the company. All this is really important, because it provides values that cut across national borders. In addition, the larger employers not only need to establish works councils, but must also establish a Europe wide council. This means that any decisions, such as work restructuring, plant or office closings, or even the movement from one country to another (outsourcing, layoffs, workforce agreements), all require firms to inform and  consult with their councils previously to the implementation of those kinds of decisions. So, this is applied for all multinational firms. 2. What is it about European culture that has led to the development and implementation of these sorts of practices and policies? Why haven’t they developed in countries like the US? European culture has a different mentality as United States does. For Europeans, the workers are a fundamental part when the big decisions are made. All decisions are discussed by a group. Additionally, they have kept a tool-making, smart structural decision; engineering culture, etc. In some European management discuss between them detailed information about enterprises’ financial and business plans. United States instead, was simply too hard to replicate in other countries because United States or other countries have a different way to treat the workers. In United States, some management complained that workers did not truly cooperate, while workers complained that this kind of policies and practices gave them no real power to affect decisions. The workers prefer to work at the fast speed in the bad state; they lack credible information about the state of the firm. How to cite Midterm Exam, Papers Midterm Exam Free Essays Human Communication 100 Fall 2004 Midterm Exam Multiple Choice: Choose only one answer and mark the corresponding letter on your scantron. Each question is worth 2 points. 1. We will write a custom essay sample on Midterm Exam or any similar topic only for you Order Now Another word for decoding is __________. A. interpretation B. speaking C. creating D. noise 2. Imagine that you are listening to a speech about AIDS and HIV. One of the speaker’s main points describes ways to respond to the devastating news that you or someone in your family is HIV Negative. You are confused by this, because you know that HIV Negative means that someone isn’t infected with the virus that leads to AIDS. What is happening in this situation? A. The speaker obviously plagiarized the speech, because he/she doesn’t know the correct terms. B. The channel of the message is faulty, or else the correct term would be sent and received. C. The speaker’s encoding and the listener’s decoding are interfering with communication. D. External noise is keeping the message from being sent and received accurately. 3. The terms feedback and context are introduced in which of the communication models? A. communication as action B. communication as interaction C. communication as reaction D. communication as transaction 4. Which of the following is an example of intrapersonal communication? A. talking to friend about biology class B. telling your roommate about a personal problem C. mentally rehearsing what you have to do that day ordering a pizza over the phone 5. Which of the following is an attribute of interpersonal communication? Interpersonal communication is linear. Interpersonal communication is a monologue. Interpersonal communication involves responding to people’s roles. Interpersonal communication involves mutual influence. 6. According to Maslow’s framework on the process of becoming self-aware, a person whose communication skills are effective and are second nature is working at which level? unconscious incompetence conscious incompetence conscious competence unconscious competence 7. Danielle consistently describes herself as a confident, outgoing woman. Her description coincides with which of the following terms? self-concept self-image self-expectations self-fulfilling prophecy 8. Jason spends hours every day working at the gym. He also takes great care in keeping his sports car well maintained and spotless. According to James’ theory of the self, Jason is taking care of his ____________________. 14 material self 15 social self 16 spiritual self 17 emotional self 9. Jose was raised in a Cuban-American community. Although he had many college friends from other co-cultures, he proudly maintained his Cuban roots by sprinkling his speech with Spanish phrases. In addition, he enjoyed sharing examples of cultural norms from his family and neighborhood in his communication class. These examples show which kind of influence on Jose’s self-concept? A. communication with others B. association with groups oles we assume C. self-fulfilling prophecy 10. The stage of perception in which we put information into patterns is called _____________. A. attention B. reframing C. interpretation D. organization 11. Which of the following statements is most accurate concerning stereotypes? A. All stereotypes are negative. B. We stereotype people because of our nature to simplify and categorize. C. People who use stereotypes are usually doing so intentionally. D. It is fairly easy to rid ourselves of harmful stereotypes. 12. When asked to describe himself, Bernard talks about his sports car, career, and home. Bernard’s response demonstrates which of the following? A. other-oriented communication B. ascription orientation C. achievement orientation D. ethnocentric communication 13. The Sapir-Whorf Hypothesis suggests which of the following? A. Language and thought are exclusive of one another. B. People regularly conceive of ideas for which they have no word. C. Language is controlled by thought. D. Language does not impact our worldview. 14. When Carol and Marcia talked about going home for spring break, Carol thought of home-cooked meals, free laundry, and time to spend with old friends. Marcia thought only of the bickering and fussing between her parents. Which of the following statements describes this situation? A. Carol and Marcia are bypassing when they discuss where they are going to spend their vacations. B. Carol and Marcia have different denotations for the word â€Å"home. † C. Carol and Marcia have different connotations for the world â€Å"home. † D. Carol and Marcia are polarizing the word â€Å"home. † 15. Tommy went to Taiwan for a vacation. Since he couldn’t read the restaurant menu, he asked the waiter to bring him a traditional Taiwanese meal. It was delicious. When he was done he asked the waiter what the meat was, because he hadn’t tasted anything like it before. The waiter told him it was dog meat. Tommy became sick to his stomach, and rushed to the bathroom. Tommy’s reaction reflects the power of words to ______________. A. make and break relationships B. affect and reflect culture C. affect thoughts and actions D. build barriers 16. When words reflect unqualified, often untrue generalizations that deny individual differences among people, they become the language barrier of ____________. A. bypassing B. polarization C. allness D. denotation 17. Jack announces at the fraternity meeting that there will be a dance next weekend, and everyone is invited to bring their girlfriend. This is an example of _________________. A. sexist language B. heterosexist language C. homophobic language D. generic language 18. According to Mehrabian’s research, the most significant source of emotional meaning in our communication is ______________. 1 our voice A. our words B. our face 19 our posture 19. According to Mehrabian, nonverbal communication conveys 93% of the _______________. 1 meaning of our messages A. emotional meaning of our messages B. literal meaning of our messages C. subjective meaning of our messages 20. Estella wanted her grandmother to know how much she appreciated her grandmother’s monetary gift for her birthday. She have her a big hug, and said with enthusiasm, â€Å"Thanks Gram – I really can use this! † Estella’s voice and hug are examples of which function of nonverbal behavior? to repeat A. to complement B. to substitute C. to regulate 21. Displays of culture such as clothing, jewelry, and makeup are called __________________. A. artifacts gestures B. illustrators C. vocalics 22. After Aisha got off the phone her face looked like it had fallen two inches. She looked down, and walked to her room slowly. Maya said to her, â€Å"What happened? † In reading Aisha’s facial expressions, Maya was using Aisha’s ________________________. A. affect displays B. regulators C. adaptors D. emblems 23. Cultures in which the members evaluate â€Å"close† proximity as negative and bad, and â€Å"far† proximity as positive and good are ________________. A. high contact low contact B. developing nations C. industrialized nations 24. Listening involves the following processes: A. awareness, rejecting, decoding, remembering, and reacting 1 selecting, attending, understanding, remembering, and responding 3 selecting, acknowledging, and comprehending B. attending, sorting, interpreting, filtering, and rehearsing 25. Which of the following is a recommended strategy for dealing with emotional noise? A. Focus primarily on the speaker’s emotions. B. Avoid expressing your emotions. C. Use self-talk to manage your emotion s. D. Immediately respond to the listener with the emotions you are feeling. 26. As she was listening to Teri’s account of her family vacation, Serena was mentally making a list of the shopping she had to do that afternoon. Which of the following best describes the cause of Serena’s failure to listen? A. self-focus emotional noise B. criticism C. information overload 27. Information processing rate can be a barrier to listening because ____________________. A. people are normally capable of processing information faster than most speakers speak. B. people are hardly ever capable of processing information as fast as most people speak. C. there is such a wide variety of processing abilities among people that no matter how fast or slow you speak, it will not be appropriate. D. recent research shows that there is little connection between speaker rate and listening effectiveness. 8. Poor listening often takes place because receivers make faulty assumptions about the nature of the information they are taking in: Sometimes we assume the information is too simplistic, other times we assume it is too complex. Which of the following personality types have a problem tuning out information they assume is too complex? A. Strong uncertainty avoiders 25 Weak uncertainty avoiders B. Ethnocentris ts C. Machiavellians 29. Kip, an electrical engineer, was recently sent by his company to Saudi Arabia to work for his organization’s Middle Eastern affiliate. Kip’s Saudi supervisor ordered Kip around, often used threats as a motivational tool, and became angry when Kip asked him questions. Kip ended up quitting his job. What cultural difference probably caused Kip to misinterpret his supervisor’s management style as rude and insulting? A. Individualism B. Power distance C. Collectivism D. Uncertainty avoidance 30. Being mindful requires that we are ______________________________________. A. consciously aware of cultural differences rather than ignoring the differences. B. think of what we will we say once the speaker is finished talking. C. consciously aware of our feedback. D. focused on preserving our relationship with other people. 31. The use of silence as a verbal ritual is frequently employed in which of the following? A. Masculine culture B. Feminine culture C. Low-context culture D. High-context culture 32. Beancake portrayed traditional 1933 Japanese culture as ________________________. high-context A. strong uncertainty avoidance B. large power distance C. All of the above 33. The Johari Window __________________________________________. A. stays relatively consistent for most people in most relationships. B. changes from relationship to relationship, but stays the same for the duration of that relationship. C. differs from person to person for each relationship, and changes during the stages of relationship. D. A and B are true, but not C. 34. According to the textbook, the normative amount of emotional expression shown by individuals from the United States is ______________________________. A. more than most other cultures. B. less than most other cultures. C. about the same as most other cultures. D. falls in the middle of most other cultures. 35. A common pattern in United States culture is for one person’s self-disclosure to be followed by a similar self-disclosure from the other person. This is the characteristic of self-disclosure known as _____________________________. reciprocity A. appropriateness assessment B. reflexivity 36. Altman and Taylor’s model of social penetration includes __________________________. A. how people reduce uncertainty about each other in the early stages of a relationship. B. how people make use of verbal and nonverbal communication to form impressions of the other C. ow much and what kind of information we reveal in various stages of a relationship D. how men and women communicated differently in friendship relationships. 37. Eileen and Roberto study together for their communication class. They find themselves discussing a wide variety of topics, but have kept their personal disclosures minimal and the interaction superficial. This relationship would be characterized as having ___ ____________. great depth but little depth. A. great breadth but little depth. B. neither much depth nor breadth. C. great depth and breadth. 38. A tendency to seek out individuals who represent the same level of physical attractiveness as oneself is __________________________. affection. A. inclusion. B. short-term attraction. C. matching hypothesis. 39. Which of the following theories studies the driving human motivation to increase predictability by marginalizing the unknown in one’s circumstances? Social penetration A. Uncertainty reduction B. Expectation violation C. Primary socialization 40. Nonverbal and verbal cues that indicate liking are referred to as _________________. immediacy. A. proximity cues. B. complementarity. C. nclusion cues. True/False Questions 41. Frank Dance’s helical model of communication suggests that communication can be reversed. F 42. Because many nonverbal behaviors may occur at the same time, it is sometimes difficult to interpret nonverbal behavior accurately. T 43. According to the textbook, your self-image is how you view yourself in a particular situation. T 44. †Vote f or Bush or pay more taxes! † is an example of polarization. T 45. â€Å"Fag† would be considered a trigger word for many people. T 46. Generally speaking, gestures that are friendly in one culture will be friendly in another. F 47. Attending to a message means spending a considerable amount of time processing a particular message. F 48. Women are better at shifting attention between simultaneous messages than men. T 49. Asking appropriate questions is one of the methods given for listening with empathy. T 50. A worldview is the general cultural perspective that determines how the culture perceives various forces in explaining why events occur the way they do. T Extra credit question: 51. Pejorative words used to cause explicit group devaluation are __________________. A. ethnocentric B. ethnophaulisms C. ethnolinguistic D. ethnic identities How to cite Midterm Exam, Essay examples Midterm Exam Free Essays For humans it is the potential for long-term maintenance of well-being, which in turn depends on the maintenance of the natural world and natural resources. As the earth’s human population has increased, natural ecosystems have declined and changes in the balance of trial cycles have had a negative impact on both humans and other living systems. Paul Hawked provides 1 2 steps towards a sustainable society. We will write a custom essay sample on Midterm Exam or any similar topic only for you Order Now First, Hawked argues that state and national governments should reclaim their power to regulate corporations by rewriting and renewing current corporate charters. Second, Hawked agrees that companies and consumers should be forced to include all the environmental and social costs in making, producing, using, and disposing of products in the cost of goods. Third, we should tax the amount of non-renewable resources, the amount of fossil eels, the amount of waste, and the amount of environment destroyed or abused. Fourth, Hawked says that governments should lease companies the right to use and control certain resources such as fisheries, forests. By making these companies’ profits dependent on how productive these resources are, they will have a real incentive to protect and even restore these environments to health. Fifth, companies would compete to create industrial design processes in which they greatly reduce their waste. Instead of depending on polluting the environment with their wastes, companies should figure out owe to reduce wastes and actually make them a source of profits. Sixth, consumers would lease the right to use products such as us or cars from companies and the companies are responsible for recycling and disposing of those products when the consumer is done using them. Seventh, here Hawked encourages consumers and citizens to put pressure on their politicians and governments to create and enforce strict environmental, health, and social standards. Eighth, Hawked argues that local, state, and national governments must once again be active overseers and regulators of corporations and businesses. Currently corporations argue that governments should not interfere in business and disrupt the magic of free enterprise and the market. Ninth, people need to be taught to understand and consider the larger environmental and social impacts of their actions. Fifth public better understand the environmental risks and benefits of their actions, they would have real incentives to take actions that would protect the environment, their health, and the well-being of their society. Tenth, Hawked tells that we need to do local, state, national, and global surveys of the environment and the impact Of our activities on nature. Eleventh, Hawked thinks that environmentalists will only successfully win the support of the poor and Third World peoples if they convince them that such environmental and economic reforms will improve their health and standards of living. Twelfth, Hawked concludes that these economic and environmental reforms cannot be solely based on economic incentives and profits. These reforms must also be focused on the individual, social, cultural, environmental, and religious benefits of protecting and restoring the environment. Ways of living more sustainable can take many forms. Green building, sustainable agriculture, or sustainable architecture, or using science to develop new technologies, green technologies, renewable energy, to adjustments in individual lifestyles that conserve natural resources. 2. Explain Andrew Dobbin’s notion of â€Å"Ecological Citizenship. † Start out with a relevant quote from Dobbin’s essay and proceed to explain the terms involved and the overall significance of this notion. Citizenship is being a part of the society. Ecological citizenship is the state, character or behavior of a person viewed as a member of the ecosystem with attendant rights and responsibilities, especially the responsibility to maintain ecological integrity and the right to exist in a healthy environment. From the reading, † Ecological citizenship deals in the currency of non-contractual responsibility, it inhabits the private as well as the public sphere, it refers to the source rather than the nature of responsibility to determine what count as citizenship virtues, it works with the language of virtue, and it is explicitly non-territorial. (89) However, ecological citizenship, like ecologist, moves in radically new directions. As a means to address global unsuitability, citizenship must exist in an entirely different non-territorial political space, and the space in which a redefined citizenship can be located is our individual ecological footprint. In other words, ecological citizenship is an essential prerequisite of a sustainable society. â€Å"The PRI uncial ecological citizenship obligation is ensure that ecological footprint makes a sustainable, rather than an unsustainable, impact. (1 1 8) Ecological citizenship is presented as an example and inflection of post-cosmopolitan citizenship. It is contrasted with environmental citizenship. The idea of ecological footprint is a composite measure, which informs sustainable development, ecological economics and urban studies. It is quickly becoming a very practical tool for measuring human impact on the Earth’s resource base. The ecological footprint is presented as the ecological citizenship, it is used to cause and effect that call forth post-cosmopolitan obligations. . Michael Mandates criticizes the practice of â€Å"individualizing responsibility. † Explain what does that mean. Michael Mandates mentioned in his article, † My claim in this chapter is that an accelerating individualizing of responsibility in the United Stat es is narrowing, in dangerous ways, our â€Å"environmental imagination† and undermining our capacity to react effectively to environmental threats to human wellbeing. Those troubled by overcompensation, consumerism, and communication should not and cannot ignore this narrowing. Confronting the individualizing of responsibility patently undermines. â€Å"(374) The result is to narrow our collective ability to imagine and pursue a variety of productive responses to the environmental problems before us. When responsibility for environmental problems is individualized, there is little room to ponder institutions, the nature and exercise of political power, or ways of collectively changing the district option of power and influence in society. Many people think that environmental problems are for other people or the government to do something about. But, the environmental issues impact on the quality of life of each and individuals of us, as well as all future generations. Many people also question, â€Å"What difference can I make? † The answer to this is critical: it is the combined impact of everyone’s activities which will make a preference, just as democracy only works if enough people take the time and effort to cast their individual votes, which lead to what the majority desire. If everyone takes care of their immediate surroundings and minimizes their own individual resource use, then together these actions will make a difference. . What are the principles Of thought practiced by CEO-Feminism according to Ecological feminism is based on the premise that there Karen J. Warren? Exists a connection between the domination of women the neglect and exploitation of the natural world. According to Karen J. Warren, she gives us a new way of looking and understanding things. She claims that an oppressive conceptual f ramework is the set of values and attitudes that shape the way in which we look at the world. There exists a characteristic in our oppressive conceptual framework, which is called the logic of domination. Warren’s issue isn’t so much that this sort of system is used in the framework, but the way in which it is used that ultimately make women inferior. Her point is that this very same framework, which leads to the logic of domination, is also used to oppress the natural world. It is a feminism that critiques male bias wherever it occurs in ethics (including environmental ethics) and alms at providing an ethic (including an environmental ethic), which is not male biased-and it does so in a way that satisfies the preliminary boundary conditions of a feminist ethic. (11) Based on her idea, this framework identifies women with nature. Since nature is deemed inferior to man, then women alike are deemed inferior since they are parallel to nature. In conclusion, in order to abolish both the oppression of women and nature this conceptual framework must e abolished. At the end of the chapter she said, â€Å"A re-conceiving and re- visioning of both feminism and environmental ethi cs, is, I think, the power and promise of coefficients. â€Å"(1 5) Coefficients combines the philosophy of feminism with the principles of ecology and environmental ethics. Coefficients generally claims that the patriarchal structures of our society are what cause environmental degradation. 6. What is, according to Hans Jonas, the categorical imperative, I. E. The absolute commandment, of our age? Is this an anthropocentric view? Discuss and explain. The main idea of this reading is shown at the beginning, † Care for the future of mankind is the overruling duty of collective human action in the age of a technical civilization that has become ‘almighty,’ if not in its productive then at least in its destructive potential. (77) There’s a major impact on the environment in the distant future. We are on the verge of population explosion. While the population has reached a record high, the resources to meet the increasing population have not increased in the same ratio. On the contrary, we are destroying the limited resources at a rapid peed, and very soon we would have used up all the non-renewable resources totally. Unless we take concrete preventive steps in this direction, the incidences and the impact of these disasters would only multiply and would seriously affect the lifestyle and standard of living of future generations. It’s time for actions. ‘ ‘The further observation that in whatever time is left the corrections will become more and more difficult and the freedom to make them more and more restricted. This heightens the duty to that vigilance Over the beginnings which grants priority to well-?grounded ears over against hopes, even if no less well grounded. (91) We are in the present generation are forewarned about the imminent damage we have been inflicting on our environment and our own health. Future generations will have to bear the dire consequences by the environmental devastation. Such damage poses long-lasting threats that affect the health and wellbeing of future generations. It is about time that we gave thoughtful consideration to protect future generations . It is about time that we rise and speak for the interests of future generations, so that they are able to live on a healthy planet. How to cite Midterm Exam, Papers Midterm Exam Free Essays NAME: _______________________________ BSAD 180: Managerial Finance Midterm Exam I. Multiple Choices (40%) ( b)1. The primary goal of financial management is to: a. We will write a custom essay sample on Midterm Exam or any similar topic only for you Order Now maximize current dividends per share of the existing stock. b. maximize the current value per share of the existing stock. c. avoid financial distress. d. minimize operational costs and maximize firm efficiency. e. maintain steady growth in both sales and net earnings. ( c ) 2. The interest rate expressed as if it were compounded once per year is called the _____ rate. a. stated interest b. ompound interest c. effective annual d. periodic interest e. daily interest ( b )3. You are comparing two investment options. The cost to invest in either option is the same today. Both options will provide you with $20,000 of income. Option A pays five annual payments starting with $8,000 the first year followed by four annual payments of $3,000 each. Option B pays five annual payments of $4,000 each. Which one of the following statements is correct given these two investment options? a. Both options are of equal value given that they both provide $20,000 of income. . Option A is the better choi ce of the two given any positive rate of return. c. Option B has a higher present value than option A given a positive rate of return. d. Option B has a lower future value at year 5 than option A given a zero rate of return. e. Option A is preferable because it is an annuity due. ( d )4. Your parents are giving you $100 a month for four years while you are in college. At a 6% discount rate, what are these payments worth to you when you first start college? a. $3,797. 40 b. $4,167. 09 c. $4,198. 79 d. $4,258. 03 e. 4,279. 32 ( c )5. The time value of money concept can be defined as: a. the relationship between the supply and demand of money. b. the relationship between money spent versus money received. c. the relationship between a dollar to be received in the future and a dollar today. d. the relationship of interest rate stated and amount paid. e. None of the above. ( b)6. Marko, Inc. is considering the purchase of ABC Co. Marko believes that ABC Co. can generate cash flows of $5, 000, $9,000, and $15,000 over the next three years, respectively. After that time, Marko feels ABC will be worthless. Marko has determined that a 14% rate of return is applicable to this potential purchase. What is Marko willing to pay today to buy ABC Co.? a. $19,201. 76 b. $21,435. 74 c. $23,457. 96 d. $27,808. 17 e. $31,758. 00 ( b)7. What is the effective annual rate if a bank charges you 7. 64% compounded quarterly? a. 7. 79% b. 7. 86% c. 7. 95% d. 7. 98% e. 8. 01% ( a)8. A General Co. bond has an 8% coupon and pays interest annually. The face value is $1,000 and the current market price is $1,020. 0. The bond matures in 20 years. What is the yield to maturity? a. 7. 79% b. 7. 82% c. 8. 00% d. 8. 04% e. 8. 12% ( a)9. Wine and Roses, Inc. offers a 7% coupon bond with semiannual payments and a yield to maturity of 7. 73%. The bonds mature in 9 years. What is the market price of a $1,000 face value bond? a. $953. 28 b. $963. 88 c. $1,108. 16 d. $1,401. 26 e. $1,401. 86 ( a)10. What is the net present value of a project that has an initial cash ou tflow of $12,670 and the following cash inflows? The required return is 11. 5%. YearCash Inflows 1 $4,375 2 $ 0 3 $8,750 4 $4,100 a. $218. 68 b. $370. 16 c. $768. 20 d. $1,249. 65 e. $1,371. 02 II. Essays/Calculations (60%) 1. You are planning to save for retirement over the next 30 years. To do this, you will invest $1,000 a month in a stock mutual fund account. The return of the account is expected to be 1% per month. When you retire, you will put your money into a safer account that will earn 0. 5% per month. How much can you withdraw each month from your account assuming a 25-year withdrawal period? 2. Miller Corp. has a premium bond making semiannual payments. The bond pays an 8% coupon, has a YTM of 6%, and has 10 years to maturity. The Modigliani Corp. has a discount bond making annual payments. The bond pays a 6% coupon, has a YTM of 8%, and also has 10 years to maturity. If interest rates remain unchanged, what do you expect the price of these bonds to be 1 year from now? In 5 years? In 10 years? Please also illustrate your answers by graphing bond prices versus time to maturity. 3. Define the following terms: (a) Pure discount loan. b) YTM. (c) Call bond. 4. You are ready to buy a house and you have $20,000 for a down payment and closing costs. Closing costs are estimated to be $5,000. The interest rate on the loan is 5. 5% per year with monthly compounding for a 30-year fixed rate loan. You are able to buy the house at $165,000. What is the monthly payment? Suppose that you have an annual salary of $50,000. What is the ratio of the mortgage payment to your monthly income? 5. You receive a credit card application from Muwa Bank offering an introductory rate of 1. 9% per year, compounded monthly for the first 6 months, increasing thereafter to 22. 99% compounded monthly. Assuming that you transfer the $5,000 balance from your existing credit card and make no subsequent payment, how much interest will you owe at the end of the first year? 6. The Brennan Co. just paid a dividend of $1 per share on its stock. The dividends are expected to grow at 8% for two years. After that, the growth rate will equal 6% per year indefinitely. The cost of equity is 12%. The YTM on 30-year T-bond is 10%. What is the fair price of the shares today? How to cite Midterm Exam, Papers

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