Page 1

BUSI 620 Entire Course Tutorials

For more classes visit www.snaptutorial.com

BUSI 620 Week 1 Questions for Critical Thinking 1 (SOLUTIONS) BUSI 620 Week 2 Questions for Critical Thinking 2 (SOLUTIONS) BUSI 620 Week 3 Questions For Critical Thinking 3 (SOLUTIONS) BUSI 620 Week 4 Questions for Critical Thinking 4 (SOLUTIONS) BUSI 620 Week 4 Test 1 (TWO DIFFERENT VERSIONS) BUSI 620 Week 5 Questions for Critical Thinking 5 (SOLUTIONS) BUSI 620 Week 6 Questions for Critical Thinking 6 (SOLUTIONS) BUSI 620 Week 7 Questions for Critical Thinking 7 (SOLUTIONS) BUSI 620 Week 8 Test 2 (100 % Score) BUSI 620 Week 1 Discussion Board 1 BUSI 620 Week 2 Discussion Board 2 BUSI 620 Week 3 Discussion Board 3 BUSI 620 Week 4 Discussion Board 4 BUSI 620 Week 5 Discussion Board 5 BUSI 620 Week 6 Discussion Board 6 BUSI 620 Research Paper (2 Papers) ******************************************************** BUSI 620 Research Paper (2 Papers)

For more classes visit www.snaptutorial.com


This Tutorial contains 2 Papers Topic 1: Electronic Commerce Topic 2: ECONOMIC IMPACT OF MINIMUM WAGE INCREASE Choose 1 of the following 2 options for your Research or Interview Paper. Your paper will be at least 7 double-spaced pages for the main content (not including the cover page and reference page). Your choices include: A research paper Steps for writing the research paper: a) Choose a topic in managerial economics. b) Submit the topic and the outline of the paper to the instructor anytime for approval. c) A minimum of 3 references besides the textbook are required. Liberty University library has excellent resources for your search for journals. ******************************************************** BUSI 620 Week 1 Discussion Board 1 For more classes visit www.snaptutorial.com

#3. What is the difference between unethical and unlawful behavior? Please provide examples for both behaviors in your discussion. #5. According to Milton Friedman, "Business has only one social responsibility – to make profits (as long as it stays within the legal and moral rules of the game established by society). Few trends could so thoroughly undermine the very foundations of our society as the acceptance by corporate officials of a social


responsibility other than to make as much money for their stockholders as possible." Explain why you agree or disagree with such a statement. ******************************************************** BUSI 620 Week 1 Questions for Critical Thinking 1 For more classes visit www.snaptutorial.com

Business 620 Critical Thinking One Salvatore’s Chapter 1: Discussion Questions: 9. Problems: 6, 9,15 and spreadsheet problem (p.37) Froeb et al.’s Chapter 3: a. Individual problems: 3-1 and 3-3. Salvatore’s Chapter 3: a. Discussion Questions: 9. b. Problems: 1(a), 7, and 9. Froeb et al.’s Chapter 4: a. Individual problems: 4-5 and 4-6. Discussion Question 9: How is the concept of a normal return on investment related to the distinction between business and economic profit? Problem 6: Determine which of the two investment projects of Problem 5 the manager should choose if the discount rate of the firm is 20 percent. Problem 9: A woman managing a photocopying establishment for $25,000 per year decides to open her own duplicating place. Her revenue during the first year of operations is $120,000 and her expenses are as follows:


******************************************************** BUSI 620 Week 2 Discussion Board 2 For more classes visit www.snaptutorial.com

Question #2 - Discuss how e-commerce affects you and/or your company. #5 How important is saving for a household and the economy? How much should be saved? ******************************************************** BUSI 620 Week 2 Questions for Critical Thinking 2 (SOLUTIONS) For more classes visit www.snaptutorial.com

Business 620 Critical Thinking Two Salvatore’s Chapter 4: Discussion Questions: 8 and 10, 11. Problems: 3(a) and (b), 7, 9, and 14, 15. Froeb et al.’s Chapter 6: Individual problems: 6-1, 6-3, and 6-5. Salvatore’s Chapter 5: Problems: 8, 15(b) and (c), and appendix problem 2 (p. 215).


Discussion Question 8: If the price increase by 10 percent by how much does the quantity of household a) natural gas and b) electricity change in the short run and the long run? (Hint: use the priceelasticity values). Discussion Question 10: Agricultural commodities are known to have a priceinelastic demand and to be necessities. How can this information allow us to explain why the income of farmers falls a) After a good harvest? b) In relation to the incomes in other sectors of the economy? ******************************************************** BUSI 620 Week 3 Discussion Board 3

For more classes visit www.snaptutorial.com

#4 Discuss benefits and costs of unemployment benefits to individuals and to the economy. #5 Comment on the following statement: "A company should produce and sell any product as long as there is a market for it." ******************************************************** BUSI 620 Week 3 Questions For Critical Thinking 3 (SOLUTIONS

For more classes visit www.snaptutorial.com


Business 620 Critical Thinking Three Salvatore’s Chapter 6: Discussion Questions: 1, 7, and 15. Problems: 7 and appendix problems 1 and 3 (pp. 256–257). Salvatore’s Chapter 7: Discussion Questions: 3, 11, and 12. Problems: 4, 12, and 13. Discussion Question 1: a) What is forecasting? Why is it so important in the management of business firms and other enterprises? b) What are the different types of forecasting? c) How can the firm determine the most suitable forecasting method to use? Discussion Question 7: a) Which type of smoothing technique is generally better? b) How do we determine which of two smoothing techniques is better? c) How can we forecast the values of a time series that contains a secular trend as well as strong seasonal and random variations? Discussion Question 15: Explain why it is still useful to pursue forecasting even though it is often off the market by wide margins Problem 7: The following table represents data on three leading indicators for a three-month period. Construct the composite index (with each indicator assigned equal weight) and the diffusion index. Appendix Problem 1: The following table reports the Consumer Price Index for the Los Angeles area on a monthly basis from January 1998 to December 2000 (base year= 1982-1984). Eliminating the data for 2000, use Excel to forecast the index for all of 2000 using a three- and six-month average. Which provides a better forecast for 2000 using the data provided? ******************************************************** BUSI 620 Week 4 Discussion Board 4


For more classes visit www.snaptutorial.com

Question #1 - Tetrangle Manufacturing has fixed costs of $2,160 per day. The firm manufactures bicycle component upgrade kits. The kits have a short-run average variable cost of $48 and are sold for $66 each. What is the breakeven level of daily output for the firm? What is the degree of operating leverage when the daily output is Q = 170? Question #5 - As an employer wants to reduce the production cost during the economic recession, he/she could choose to (1) lay off some workers without changing wages or (2) keep all workers but cut wages for all. Which method would you choose? Why? ******************************************************** BUSI 620 Week 4 Questions for Critical Thinking 4 (SOLUTIONS)

For more classes visit www.snaptutorial.com

Business 620 Critical Thinking Four Salvatore’s Chapter 8: a) Discussion Questions: 2 and 10. b) Problems: 3, 11,12 and spreadsheet problem 1 (p. 357). Salvatore’s Chapter 9: a) Problems: 7, 11, and spreadsheet problem 1. Froeb et al.’s Chapter 9:


a) Individual problems: 9-2, 9-3 and 9-4. Froeb et al.’s Chapter 11: a) Individual problems: 11-4 and 11-5.

******************************************************** BUSI 620 Week 4 Test 1 (TWO DIFFERENT VERSIONS) For more classes visit www.snaptutorial.com

The level of sales in May, June, July, and August were 84, 92, 83, and 89, respectively. What is the four-period moving average forecast of sales in September? If the t ratio for the slope of a simple linear regression equation is equal to 1.614 and the critical values of the t distribution at the 1% and 5% levels of significance, respectively, are 3.499 and 2.365, then the slope is Which of the following is a leading economic indicator? Economies of scope refers to the decrease in average total cost that can occur when a firm The forecast level of sales for the month of May was 240 units. Actual sales in May turned out to be 200 units. Use an exponential smoothing coefficient of 0.8 to forecast sales for June Application of simple linear regression analysis to the estimation of a demand equation has yielded the following: Q = 24 - 2 P If the current product price is P=$6 and the quantity sold per time period is Q=10, then the error (e) for the current time period is equal to (actual quantity sold - estimated quantity sold) ******************************************************** BUSI 620 Week 5 Discussion Board 5


For more classes visit www.snaptutorial.com

2. Why are cartels unstable and why do they often fail? 5. Respond to the charge that immigrants flood the labor market and drive down wages in the U.S. ******************************************************** BUSI 620 Week 5 Questions for Critical Thinking 5 (SOLUTIONS)

For more classes visit www.snaptutorial.com

Business 620 Critical Thinking Five Salvatore’s Chapter 10: a) Discussion Questions: 2,3 and 8. b) Problems: 1 and 5. Froeb and McCann's Chapter 10: a) Individual problems: 10-4. Salvatore’s Chapter 11: a) Discussion Questions: 11,12 and 13. b) Problems: 2, 6, and 10. Froeb and McCann's Chapter 15:


Individual problems: 15-4 and 15-5. ********************************************************

BUSI 620 Week 6 Discussion Board 6

For more classes visit www.snaptutorial.com

1. Why does an exporter face a foreign exchange risk? How can the exporter hedge its foreign exchange risk? 5. Do you think the interest on pay day loans is too high or just right? Should Christians charge poor people on interest? ******************************************************** BUSI 620 Week 6 Questions for Critical Thinking 6 (SOLUTIONS)

For more classes visit www.snaptutorial.com

Business 620 Critical Thinking Six Salvatore’s Chapter 12: a) Discussion Questions: 7, 11, and 13. b) Problems: 12 and spreadsheet problem 1 (p. 523).


Discussion Question 7: Quantity discounts are not a form of price discrimination because the firm saves on handling large orders? True or false? Explain Discussion Question 11: How is the transfer price of an intermediate product determined when: a) There is no external market for the intermediate product b) A perfectly competitive external market for the intermediate product exists c) An imperfectly competitive external market for the intermediate product exists? Discussion Question 13: What are: a) The advantages of cost-plus pricing? b) The disadvantages of cost-plus pricing? c) Why is incremental cost pricing the correct pricing method? Why is full-cost pricing equal to it? Problem 12: a) Will a monopolist’s total revenue be larger with second-degree price discrimination when the batches on which it charges a uniform price are larger or smaller? Why? b) How does a two-part tariff differ from bundling? Spreadsheet Problem 1: Using a spreadsheet like the following, entering formulas for the total revenue and consumers surplus, and given the following demand curve of a consumer for a monopolist product Q=14-2p a) Find the total revenue of the monopolist when it sells 6 units of the commodity without practicing any form of discrimination. What is the value of the consumer’s surplus? b) What would be the total revenue of the monopolist if it practiced first-degree price discrimination? How much would the consumers’ surplus be in this case? c) What if the monopolist charged P=$5.50 for the first 3 units of the commodity and P=$4 for the next 3 units – what type of price discrimination is this? ******************************************************** BUSI 620 Week 7 Questions for Critical Thinking 7 (SOLUTIONS)


For more classes visit www.snaptutorial.com

Business 620 Critical Thinking Seven Salvatore's Chapter 14: a) Discussion Questions: 12 and 15. b) Problems: spreadsheet problems 1 and 2. Froeb et al.’s Chapter 17: a) Individual problems: 17–1 and 17–4. Froeb et al.’s Chapter 19: b) Individual problems: 19–5 and 19–6. Salvatore's Chapter 15: a) Discussion Questions: 7. b) Problems: 8, 10, and spreadsheet problem 1. ******************************************************** BUSI 620 Week 8 Test 2 (100 % Score)

For more classes visit www.snaptutorial.com

100 % Score


Question 1 A movie theater that charges a lower price for matinees than for evening showings is engaging in Question 2 The market demand curve for a perfectly competitive industry is QD=122P. Question 3 An individual is indifferent between a certain payment of $20 and a game that will pay $50 or nothing with equal probabilities. The individual has a certainty equivalent coefficient of Question 4 A market is comprised of five firms and their market shares are 30%, 25%, 20%, 15%, and 10%. What is the Herfindahl index for the industry? Question 5 An investment opportunity will pay $10 with a 20% probability, $20 with a 40% probability, $30 with a 30% probability, and $40 with a 10% probability. What is the standard deviation of the investment? ********************************************************

Busi 620 possible is everything snaptutorial com  

For more classes visit www.snaptutorial.com BUSI 620 Week 1 Questions for Critical Thinking 1 (SOLUTIONS) BUSI 620 Week 2 Questions for Cr...

Busi 620 possible is everything snaptutorial com  

For more classes visit www.snaptutorial.com BUSI 620 Week 1 Questions for Critical Thinking 1 (SOLUTIONS) BUSI 620 Week 2 Questions for Cr...

Advertisement