Business unit 29 d1 Study guides, Revision notes & Summaries

1. Which of the following is a key assumption of the supply and demand model? A) that the price and quantity sold are determined in a single market B) that the prices and quantities sold are simultaneously determined in all markets C) the way the whole economy achieves equilibrium D) that international markets affect domestic markets, which in turn affect local markets 2. A key assumption of the supply and demand model is that: A) each firm's good is unique and cannot be duplica...

ECS1601Test bank with answers Economics, past exam papers Exam-Pack-Index From 2017-2022, assignment 1, assignment 2, .. ..complete solutions 1 ECS1601 TEST BANK Question 1 In the goods market of the circular flow model, …. 1) firms buy factors of production from consumers 2) firms buy finished products from households 3) consumers buy factors of production from firms 4) firms sell factors of production to the government 5) consumers buy finished products from firms Th...

Chapter 3—Applications of Demand and Supply MULTIPLE CHOICE 1. A change in consumer tastes for low-carb food and a decrease in their preferences for low-fat meals does not lead to which of the following? a. An inward shift of the demand curve for low-fat meals b. An outward shift of the demand curve for low-carb food c. An increase in the amount of resources used to produce low-carb food d. A decrease in the amount of resources used to produce low-fat meals e. A reduction in t...

Chapter 3—Supply and Demand: Theory MULTIPLE CHOICE 1. The law of demand states that price and quantity demanded are a. directly related, ceteris paribus. b. inversely related, ceteris paribus. c. independent. d. positively related, ceteris paribus. ANS: B PTS: 1 DIF: Easy NAT: Analytic LOC: Supplyanddemand 2. Which of the following illustrates the law of demand? a. Jorge buys fewer pencils at $2 per pencil than at $1 per pencil, ceteris paribus. b. Chen buys more ice cream at $4 per...

CHAPTER 3 TEST QUESTIONS True-False 1. Globalization is not considered to be one of the external factors driving change in logistics. ANSWER: False 2. The third era of globalization is said to have begun around the year 2000. The significant characteristic of this era is that it is being powered by individuals and smaller organizations rather than global multi-nationals. ANSWER: True 3. The supply chain should manage three important flows, namely, materials/products, informa...

1 AIC EXAM STUDY GUIDE EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ What percentage of a conversation does a listener remember of what they hear? Correct Answer: 10% What percentage of a conversation does a speaker remember of what they say and do? Correct Answer: 90% When giving a presentation, one should do which of the following? Correct Answer: Keep the conversation short and on topic Which of the following should one do to effectively listen? Correct Answe...

1 FALL 2021 CAPSTONE AIC EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ What would be the most appropriate means for the contractor to communicate to the project owner an unforeseen condition not identified in the soils report? Correct Answer: -Write a formal business letter When is the best time to distribute the working agenda to the participants of a meeting? Correct Answer: -About one day prior to the meeting The contractor has tasked his project engineer with...

1 PRACTICE TEST AIC STUDY GUIDE EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ Which of the following documents is utilized for correspondence between the A/E or Owner and the Contractor? A. Job Diary B. Memorandum C. Construction Report D. Formal Business Letter Correct Answer: d Which of the following documents is used for correspondence between the home office and the job site? A. Job Diary B. Memorandum C. Construction Report D. Formal Business Lette...

BTEC Business Level 3: Unit 29 (Relationship Marketing) Unit 29 – P1,P2,P3,P4,M1,M2,M3,D1 Well-structured, formatted, and well-put together, with all the keywords needed for this assignment. You will receive a high grade of Distinction* if you follow this format. It's an excellent price for a FULL COURSEWORK that has been submitted to the examiners after being marked by top-tier lecturers. This assignment is for template purpose only do not copy.

Chapter 4—Price: The Role of Demand and Supply MULTIPLE CHOICE 1. 2. 3. 4. 5. 6. For demand to exist, there must be a. a desire and an ability to buy. b. a supply of the product in the market. c. a price that is low enough to permit all consumers to afford the product. d. All of these. ANS: A PTS: 1 DIF: Easy NAT: TOP: B-Head: Law of Demand KEY: Bloom's: Knowledge The demand for a product at a given time is defined as the a. desire for it. b. sum spent on it. c. measure of to...