Unit 38 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...

How many OE (Operational Environments) are there? - Answer- 8 Which OE has advisory weather? - Answer- Physical environment Political OE is defined by: - Answer- distribution of power and responsibility The driving factor and decision making in operations in OE is - Answer- Time the Two parts for information OE includes - Answer- computer warfare and psychological warfare What is the most expeditious method of unloading? - Answer- circus What does BBPCT stand for? - Answer- Blo...

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...

Q: OE haves and have nots - Answer- Economical Which OE Adverse weather complex terrain, defining factor - Answer- Physical Environment OE include Religious makeup - Answer- social OE Distribution of power, and responsibilities and Alliances - Answer- Political OE Decision making and operations - Answer- Time OE Computer Warfare, deception, Psy OPS - Answer- Informational Unloading Vehicles expeditiously - Answer- Circus Method What is BBPCT? - Answer- Bracing Blocking Packi...

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...

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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 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...