LSUS MBA 701 EXAM 7 MOCK TEST WITH
ANSWER RATIONALES 2026
◉ accounting profit.
Answer: The total amount of money taken in from sales (total
revenue, or pricexquantity sold) minus the dollar cost of producing
goods or services
◉ confidence interval.
Answer: the range of values within which a population parameter is
estimated to lie
◉ Constraints.
Answer: An artifact of scarcity-affects the ability to achieve a goal
◉ Consumer-consumer rivalry.
Answer: Consumers competing with one another for the right to
purchase available goods
◉ Consumer-producer rivalry.
Answer: Consumers attempt to negotiate or locate low prices, while
producers attempt to negotiate high prices.
,◉ Econometrics.
Answer: the statistical analysis of economic data-to obtain
quantitative estimates of how a plethora of managerial control
variables impact benefits and costs
◉ Economic profits.
Answer: Total revenue minus total opportunity cost
◉ Economics.
Answer: The science of making decisions in the presence of scarce
resources.
◉ Ex-dividend date.
Answer: The value of the firm immediately after its current profits
have been paid out_ obtained by subtracting pi0 from the equation
◉ Explicit costs.
Answer: costs that require a firm to spend money
◉ Five Forces Framework.
Answer: Entry, power of input suppliers, power of buyers, industry
rivalry, substitutes and complements
, ◉ Future value (fv).
Answer: the amount an investment is worth after one or more
periods. Pvxinterest =?
◉ Entry.
Answer: Heightens competition and reduces the margins of existing
firms in a wide variety of industry settings. Entry costs, sunk costs,
speed of adjustment, economics ofscale, network effects, reputation,
switching costs, government restraints.
◉ Power of input suppliers.
Answer: -supplier concentration
-price/productivity of alternative inputs
-relationship-specific investments
-supplier switching costs
-government restraints
◉ Power of buyers.
Answer: - Buyer concentration
- Price/value of substitute products or services
- Relationship-specific investments
- Customer switching costs
ANSWER RATIONALES 2026
◉ accounting profit.
Answer: The total amount of money taken in from sales (total
revenue, or pricexquantity sold) minus the dollar cost of producing
goods or services
◉ confidence interval.
Answer: the range of values within which a population parameter is
estimated to lie
◉ Constraints.
Answer: An artifact of scarcity-affects the ability to achieve a goal
◉ Consumer-consumer rivalry.
Answer: Consumers competing with one another for the right to
purchase available goods
◉ Consumer-producer rivalry.
Answer: Consumers attempt to negotiate or locate low prices, while
producers attempt to negotiate high prices.
,◉ Econometrics.
Answer: the statistical analysis of economic data-to obtain
quantitative estimates of how a plethora of managerial control
variables impact benefits and costs
◉ Economic profits.
Answer: Total revenue minus total opportunity cost
◉ Economics.
Answer: The science of making decisions in the presence of scarce
resources.
◉ Ex-dividend date.
Answer: The value of the firm immediately after its current profits
have been paid out_ obtained by subtracting pi0 from the equation
◉ Explicit costs.
Answer: costs that require a firm to spend money
◉ Five Forces Framework.
Answer: Entry, power of input suppliers, power of buyers, industry
rivalry, substitutes and complements
, ◉ Future value (fv).
Answer: the amount an investment is worth after one or more
periods. Pvxinterest =?
◉ Entry.
Answer: Heightens competition and reduces the margins of existing
firms in a wide variety of industry settings. Entry costs, sunk costs,
speed of adjustment, economics ofscale, network effects, reputation,
switching costs, government restraints.
◉ Power of input suppliers.
Answer: -supplier concentration
-price/productivity of alternative inputs
-relationship-specific investments
-supplier switching costs
-government restraints
◉ Power of buyers.
Answer: - Buyer concentration
- Price/value of substitute products or services
- Relationship-specific investments
- Customer switching costs
