BUS/475 Week 2 Knowledge Check

1.

Compared with other approaches to business, the marketing concept is distinct in that it

2.

A company provides its advertising agency with a statement about a new product to use

in designing an advertising campaign, and this statement includes a description of the

target market, the product type, the primary benefits of using the product, and how this

product is different from, and better than, competitive products. What type of statement is

this?

3.

The sales analysis of a product revealed that profits were highest when it was initially

introduced into the market with a high selling price. However, the price was gradually

reduced as it started facing competition as substitutes entered the market. This is an

example of a(n)

4.

Blending the firm's promotion efforts to convey a complete and consistent message is the

goal of

5.

According to the concept of social responsibility, a firm has a duty to

6.

The principal participants in the financial markets are

7.

You just purchased a parcel of land for $10,000. If you expect a 12% annual rate of return

on your investment, how much will you sell the land for in 10 years? Note. Due to rounding

and method of calculation, your answer might vary slightly. Choose the closest answer.

8.

Bull Gator Industries is considering a new assembly line costing $6,000,000. The

assembly line will be fully depreciated by the simplified straight line method over its 5-year

depreciable life. Operating costs of the new machine are expected to be $1,100,000 per

year. The existing assembly line has 5 years remaining before it will be fully depreciated

and has a book value of $3,000,000. If sold today the company would receive $2,400,000

for the existing machine. Annual operating costs on the existing machine are $2,100,000

per year. Bull Gator is in the 46 percent marginal tax bracket and has a required rate of

return of 12 percent. Calculate the net present value of replacing the existing machine.

Note. Due to rounding and method of calculation, your answer might vary slightly. Choose

the closest answer.

9.

A strong stock market and reasonably good earnings have caused the price of the firm's

common stock to increase by 25%.

10.

Buying and selling in more than one market to make a riskless profit is called

11.

The United States imposes substantial taxes on cigarettes but not on loose tobacco.

When the tax on cigarettes went into effect, the demand for home cigarette rolling

machines most likely

12.

Keynes believed that an increase in savings would

13.

Which of the following monetary policies reduces aggregate demand and output?

14.

Deficits may be desirable in the short run if they

15.

If for a country, the quantity of its currency demanded exceeds the quantity supplied, then

there is a

16.

Suppose that college tuition is higher this year than last year and that more students are

enrolled in college this year than last year. Based on this information, we can best

conclude that

17.

Economic efficiency is achieved at a particular output level if

18.

A perfectly competitive firm will be profitable if price at the profit-maximizing quantity is

above

19.

How are goods manufactured in other countries creating jobs in the United States?

 BUS/475 Week 1 Knowledge Check

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BUS/475 Week 2 Knowledge Check

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BUS/475 Week 2 Business Model and Strategic Plan Part I: Conceptualizing a New Product or Service Division of an Existing Business

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BUS/475 Week 3 Business Model and Strategic Plan Part II: SWOTT Analysis Paper

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BUS/475 Week 4 Knowledge Check

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BUS/475 Week 4 Business Model and Strategic Plan Part III: Balanced Scorecard and Communication Plan

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BUS/475 Week 5 Final Business Model and Strategic Plan

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