New UOP Course BUS 475 Capstone Final Exam Part 1(Recent)

Activities affecting interstate commerce do not come under the
power of the deferral government.
Intrastate activities affecting interstate commerce can be regulated
only by the state governments.
Regulation on any activity is appropriate if it aids interstate
commerce.
The states have the exclusive power to commerce that passes that
passes across their lines.
38. Fred takes Betty to dinner at a very expensive and exclusive restaurant. The
menu does not mention prices. The server takes their order, and both Betty and
Fred enjoyed the meal immensely. When the bill comes, Fred refuses to pay
because the menu had no prices and because he and the server never engaged in
language indicating an offer and acceptance. The server said, “Are you ready to
order?” and when Fred said “Yes,” the server merely asked, “What may I get you
tonight?”
Fred must pay based on a promissory estoppel theory.
Fred must pay based on expressed contract theory.
Fred is correct because no contract was formed.
Fred must pay based on an implied-in-fact contract theory.
39. A monopoly firm is different from a perfectly competitive firm in that:
A monopolist’s demand curve is perfectly inelastic whereas a
perfectly competitive firm’s demand curve is perfectly elastic.
A monopolist can influence market price whereas a perfectly
competitive firm cannot.
A competitive firm has a u-shaped average cost curve whereas a
monopolist does not.
There are many substitutes for a monopolist’s product whereas
there are no substitutes for a competitive firm’s product.
40. When two regression models applied on the same data set have the same
response variable but a different number of explanatory variables, the model
that would evidently provide the better fit is the one with a__________.
higher coefficient of determination and a lower adjusted coefficient
of determination