Econ 102 quiz 2 answers Study guides, Class notes & Summaries
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ECON 102 Quiz 2 Answers (Penn State University)
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ECON 102 Quiz 2 Answers (Penn State University)
Question 1
Mark can produce 50 baseballs in a month and Katie can produce 60 baseballs in a month. Also, Mark can produce 40 bats in a month and Katie can produce 30 bats in a month. What is Mark’s opportunity cost of producing 20 bats?

Question 2
Mark can produce 50 baseballs in a month and Katie can produce 60 baseballs in a month. Also, Mark can produce 40 bats in a month and Katie can produce 30 bats in a month. What is Katie’s opportunity...
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ECON 102 QUIZ 2 QUESTIONS AND ANSWERS
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ECON 102 QUIZ 2 QUESTIONS AND ANSWERS 
25.	When using the economic order quantity model 
 
 
A)	ordering costs increase as the level of inventory increases. 
 
B)	carrying costs decrease as the level of inventory increases. 
 
C)	costs are minimized when total carrying costs and total ordering costs are equal. 
 
D)	none of the above 
 
 
 
Difficulty: Medium Type: Conceptual 
 
 
 
 
 
26.	Hedging 
 
A)	is a way to protect your accounts receivable position. 
 
B)	increases risk. 
 
C)	is a lega...
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ECON 102 QUIZ 1 QUESTIONS AND ANSWERS
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ECON 102 QUIZ 1 QUESTIONS AND ANSWERS 
1.	What is the primary goal of financial management? 
 
A)	Increased earnings 
 
B)	Maximizing cash flow 
 
C)	Maximizing shareholder wealth 
 
D)	Minimizing risk of the firm 
 
 
2.	The partnership form of organization 
A)	avoids the double taxation of earnings and dividends found in the corporate form of organization. 
 
B)	usually provides limited liability to the partners. 
 
C)	has unlimited life. 
 
D)	simplifies decision making. 
 
 
3.	Increased pro...
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ECON 102 QUIZ 2 QUESTIONS AND ANSWERS
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ECON 102 QUIZ 2 QUESTIONS AND ANSWERS
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ECON 102 QUIZ 1 QUESTIONS AND ANSWERS
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ECON 102 QUIZ 1 QUESTIONS AND ANSWERS 
1.	What is the primary goal of financial management? 
 
A)	Increased earnings 
 
B)	Maximizing cash flow 
 
C)	Maximizing shareholder wealth 
 
D)	Minimizing risk of the firm 
 
 
2.	The partnership form of organization 
A)	avoids the double taxation of earnings and dividends found in the corporate form of organization. 
 
B)	usually provides limited liability to the partners. 
 
C)	has unlimited life. 
 
D)	simplifies decision making. 
 
 
3.	Increased pro...
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Econ 102 quiz 2 ALL ANSWERS 100% CORRECT SPRING FALL-2022 LATEST GUARANTEED GRADE A+
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Question 1 of 10 10.0/ 10.0 Points 
Business cycles are 
A. movements in stock prices. 
B. the transfer of executives between firms. 
C. used to describe fluctuations in GDP. 
D. a description of the time required to bring a new product to market. 
Answer Key: C 
Question 2 of 10 10.0/ 10.0 Points 
Economists define the unemployed as individuals who are 
A. not currently working. 
B. not currently working but are actively looking for work. 
C. working but looking for a different job. 
D. working...
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ECON 102 QUIZ 2 ALL ANSWERS 100% CORRECT SPRING FALL-2022 SOLUTION GUARANTEED GRADE A+
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Question 1 of 10	10.0/ 10.0 Points Business cycles are 
 
A.	movements in stock prices. 
 
B.	the transfer of executives between firms. 
 
 
C.	used to describe fluctuations in GDP. 
 
D.	a description of the time required to bring a new product to market. 
 
 
Answer Key: C 
Question 2 of 10	0.0/ 10.0 Points 
Economists define the unemployed as individuals who are 
 
 
A.	not currently working. 
 
B.	not currently working but are actively looking for work. 
 
C.	working but looking for a differ...
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ECON 102 QUIZ 2 QUESTIONS AND ANSWERS
- Exam (elaborations) • 13 pages • 2022
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ECON 102 QUIZ 2 QUESTIONS AND ANSWERS 
25. When using the economic order quantity model 
A) ordering costs increase as the level of inventory increases. 
B) carrying costs decrease as the level of inventory increases. 
C) costs are minimized when total carrying costs and total ordering costs are 
equal. 
D) none of the above 
Difficulty: Medium Type: Conceptual 
26. Hedging 
A) is a way to protect your accounts receivable position. 
B) increases risk. 
C) is a legal agreement to buy or sell a fi...
-
ECON 102 QUIZ 2 QUESTIONS AND ANSWERS
- Exam (elaborations) • 13 pages • 2021
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- $10.49
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ECON 102 QUIZ 2 QUESTIONS AND ANSWERS
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Econ 102 QUIZ 2 ANSWERS 100% VERIFIED
- Exam (elaborations) • 10 pages • 2022
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Econ 102 QUIZ 2 ANSWERS 100% VERIFIED
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