Page |1
TTU ISQS 3344 Flamm - Exam 1 Review
Questions and Correct Answers/ Latest
Update / Already Graded
How does China maintain such a low currency valuation?
a. By employing alien labor
b. By dumping currency into the economy
c. By utilizing old world technology
d. China's currency valuation is rising steadily
Ans: b
Why do we (US) import so much Canadian oil?
a. It's better quality
b. Actually we don't import any oil from Canada
c. Our currency is higher in valuation than the Canadian dollar
d. They throw in good Canadian whiskey for every gallon of oil we buy
from them
Ans: c
All rights reserved © 2025/ 2026 |
, Page |2
Why did productivity go up in 2008 - 09?
a. Workers got huge raises
b. Government spending increased sharply
c. Housing Bubble
d. Drug trade in the US dropped off
e. Many people went back to school
Ans: c
Why did employment numbers drop after WW 2?
a. Many quantitative techniques were perfected in the war
b. Women chose to become stay at home Moms
c. Demand dropped off sharply
d. Men back from the war didn't go back to their jobs
Ans: a
A good core competency for a company to compete on cost?
All rights reserved © 2025/ 2026 |
, Page |3
a. High priced labor
b. Good relationship with outside contractors
c. Excellent R&D
d. Very strong union presence
Ans: b
During 2007 - 08 SW Airlines utilized what very unusual strategy to
increase profit?
a. Low cost fares
b. Free meals on board
c. Free cocktails
d. Fuel hedging
Ans: d
What is a good way to measure level of innovation?
A. Average length of time to develop new products/services
b. Sales on current products/services
c. Amount of money spent on marketing
All rights reserved © 2025/ 2026 |
TTU ISQS 3344 Flamm - Exam 1 Review
Questions and Correct Answers/ Latest
Update / Already Graded
How does China maintain such a low currency valuation?
a. By employing alien labor
b. By dumping currency into the economy
c. By utilizing old world technology
d. China's currency valuation is rising steadily
Ans: b
Why do we (US) import so much Canadian oil?
a. It's better quality
b. Actually we don't import any oil from Canada
c. Our currency is higher in valuation than the Canadian dollar
d. They throw in good Canadian whiskey for every gallon of oil we buy
from them
Ans: c
All rights reserved © 2025/ 2026 |
, Page |2
Why did productivity go up in 2008 - 09?
a. Workers got huge raises
b. Government spending increased sharply
c. Housing Bubble
d. Drug trade in the US dropped off
e. Many people went back to school
Ans: c
Why did employment numbers drop after WW 2?
a. Many quantitative techniques were perfected in the war
b. Women chose to become stay at home Moms
c. Demand dropped off sharply
d. Men back from the war didn't go back to their jobs
Ans: a
A good core competency for a company to compete on cost?
All rights reserved © 2025/ 2026 |
, Page |3
a. High priced labor
b. Good relationship with outside contractors
c. Excellent R&D
d. Very strong union presence
Ans: b
During 2007 - 08 SW Airlines utilized what very unusual strategy to
increase profit?
a. Low cost fares
b. Free meals on board
c. Free cocktails
d. Fuel hedging
Ans: d
What is a good way to measure level of innovation?
A. Average length of time to develop new products/services
b. Sales on current products/services
c. Amount of money spent on marketing
All rights reserved © 2025/ 2026 |
