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

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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
lower standard error of the estimate and a higher adjusted coefficient of determination higher standard of error of the estimate and a higher coefficient of determination lower standard error of the estimate and a higher coefficient of determination 41. Suppose farmers can use their land to grown either wheat or corn. The law of supply predicts that an increase in the market price of wheat will cause: farmers to lower the production of corn and wheat. farmers to substitute wheat for the production of corn. farmers to substitute corn for the production of wheat. farmers to raise the production of corn and wheat. 42. The DeBeers company is a profit-maximizing monopolist that exercises monopoly power in the distribution of diamonds. If the company earns positive economic profits this year, the price of diamonds will: Be equal to the average total cost of diamonds. Exceed the marginal cost of diamonds but equal to the average total cost of diamonds. Be equal to the marginal cost of diamonds. Exceed both the marginal cost and the average total cost of diamonds 43. Jay stops at the shopping mall to purchase a new pair of jeans from the Diesel store. He is the ultimate consumer in a pipeline from the producer through intermediaries, including the clothing store. This pipeline is actually a__________. marketing tunnel consumer market marketing channel distribution matrix 44. Your résumé should tell a story of______. everything you have learned and done in your previous job the value you can provide to a company Your educational accomplishments how you plan to improve your areas of weakness
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New UOP Course BUS 475 Capstone Final Exam Part 1(Recent)

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