The two basic types of warehouses are: A.public and private. B.railside and portside. C.storage and distribution. D.seasonal and long-term. | Homework.Study.com (2024)

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• A firm can vary the amounts of all of its factors of production in: a) the short run but not the long run. b) the long run but not the short run. c) both the short run and the long run. d) neither the short run nor the long run.
• Public/private partnerships are efforts to reduce: a. the number of long-term care regulations b. hostility between government agencies and private providers c. purchases of private long-term care insurance d. public funding of long-term care
• One option for long-term corporate financing is equity financing, and this is a popular choice because: a. a lender is always available to provide this type of financing. b. it does not cost anything to sell in the primary market. c. repayment doesn't
• The main difference between the short run and the long run is that: (i) firms earn zero profit in the long run. (ii) The long-run always refers to a time period of one year or longer. (iii) In the short run, some inputs are fixed and some are variable. (
• The institution of private property is sustained over time by _______. (a) competition (b) bequests (c) self-interest (d) free enterprise.
• A firm might choose to produce its own inputs if: a. specialized investment is not important. b. long-term contracts are costly to write. c. the exchange environment is not complex. d. spot markets for the input exist.
• A mail-order firm has four regional warehouses. Weekly demand at each warehouse is normally distributed with a mean of 10,000 units and a standard deviation of 2,000 units. The company purchases each
• 16. The distinction between a private nuisance and a public nuisance and the type of remedy that is likely to be more efficient in each situation. 17. The distinction between temporary and permanent
• The differences between public and private sector budgeting can be defined in terms of: a) Resource availability, profit motive, and the types of services delivered. b) Objectives, measures of progress utilized, and control structures. c) How responsibili
• New housing takes some time to build, so rent control creates larger shortages in the: A) long run than in the short run because short-run supply is more elastic. B) long run than in the short run because long-run supply is more elastic. C) short run than
• The long run is a planning period: a.Over which a firm can consider all inputs as variable. b.Of 6 months to 5 years. c.Longer than 6 months. d.Of at least 5 years.
• ____ means selling a product through only one wholesaler or retailer in a particular geographic area. A) Exclusive distribution B) Direct distribution C) Intensive distribution D) Multichannel distribution
• Which of the following is correct? A) The long run does not exist for some firms. B) The short run is the same for all firms. C) The long run is the time frame in which the quantities of all resources can be varied. D) The short run for a firm can be long
• Two products are to be stored in a warehouse. Product A is 6" wide x 12" long x 6" high and is stored on 40" x 4"? pallets. Product A can be stacked 10 layers high on each pallet and pallets are doubl
• A characteristic of the long run is: a) there are fixed inputs. b) all inputs can be varied. c) plant capacity can not be increased or decreased. d) there are both fixed and variable inputs.
• In the long run, A. inputs that were fixed in the short run remain fixed. B. inputs that were fixed in the short run become variable. C. inputs that were variable in the short run become fixed. D. variable inputs are rarely used.
• Which of the following is a short-run decision for a firm? a. Expanding the firm's distribution network of long-haul freight trucks and smaller delivery trucks b. Firing workers c. Downsizing the firm's manufacturing plant d. Investing in a new addition t
• The two types or classes of appraisal certification are: a) general and residential. b) major and general. c) limited and broad. d) none of the above.
• When we speak of a theory of distribution, identify the pieces of the Ricardian system that would be relevant in the long run. A. Wages are determined by high rents B. Capitalists profits are squeez
• In a short-run decision: A. a firm has more options than in the long run. B. a firm has fewer options than in the long run. C. a firm has the same number of options as in the long run. D. there is no relation between the number of options a firm has a
• In a short-run decision: A. a firm has more options than in the long run. B. a firm has fewer options than in the long run. C. a firm has the same number of options as in the long run. D. there is no relation between the number of options a firm has and w
• The elasticity of demand for carbon-based fuel sources is: a. Low in the short term but higher in the long term b. High in the short term but lower in the long term c. High in both the long and short term d. Low in both the long and short term e. Zero in
• 1. The length of the expansion phase is (always/not always) the length of the contraction phase. 2. The contraction phase may be fast and sharp, while expansion (may be/is never) slow and gradual. 3.
• Do you trade stock often in the short run, or do you let it sit long term?
• Which of the following best applies to the distinction between the "long run" and the "short run"? A. The short run is a period of approximately 1-6 months while the long run is any time frame that is longer. B. In the short run, only new firms may enter,
• Quality Supermarkets has taken occupancy of a retail building and has a long-term lease. As part of their fit-up, they bolt to the floor their meat and check-out stands. When quality Supermarkets vacates the property at the end of the lease, will Quality
• A trucking firm has a large inventory of spare parts that have been in storage for a long time. It knows that some proportion of these spare parts will have deteriorated to the point where they are no longer usable. In order to estimate this proportion, t
• The focus of firm decisions in the short run is primarily on: a. variable inputs. b. capital investment. c. plant size. d. economies of scale.
• "Diseconomies of scale" occur in A. the short run, but not the long run. B. the long run, but not the short run. C. both the short run and the long run. D. neither the short run nor the long run.
• There are 1500 people born in a community every period. Each is endowed with one good and lives 3 periods. After one period, they will find out whether they are type 1, in which case they want to cons
• If the price is between the shutdown and break-even points, in the short run, the firm will ______ and in the long run, the firm will ______. A. operate; go out of business B. operate; stay in business C. shut down; go out of business D. shut down; stay i
• The assumption of a fixed number of firms is appropriate for analysis of: a. Tthe short-run but not the long run, b. The long-run but not the short run, c. Both the short run and the long run, d. Neither the short run nor the long run.
• Differentiate between the short run and the long run. What is the appropriate time dimension of the long run?
• The printing department of a publishing company wants to determine whether there are differences in durability between three types of bookbindings. Twenty-five books with each type of binding were selected and placed in machines that continually opened an
• List the sources of long term cycles in the stock market.
• In the long run: a) the firm considers all factors as fixed. b) the firm considers all factors as variable. c) production choices are more limited than in the short run. d) production is always greater than zero.
• Long-term contracts are not efficient if: a. a firm engages in relationship-specific exchange. b. specialized investments are unimportant. c. the contractual environment is simple. d. managers shirk.
• Considering the types of goods and services you buy and use regularly, in your opinion, what type of market structure do you encounter most frequently? Using the basic characteristics of that firm str
• What market failure does the regulation of nursing home quality address? a) High long-term care costs b) Existence of a public good c) Asymmetric information d) All of the above
• What kind of market is defined as a financial market in which previously issues securities can be resold? A) Secondary B) Tertiary C) Primary D) Used Securities
• "The government can afford to take a long view when it needs to, while a private firm has a short-term outlook. Corporate officers, for example, typically care about the next 3 to 6 months, not the next 50 to 100 years. Government, not private firms, shou
• Corporations get short-term funds in the market: (a) capital (b) money (c) goods and services (d) labor
• In the long run, output is determined by: A) the size of the capital stock. B) the size of the labor force. C) the state of technology. D) all of the above.
• Say that there are two types of individuals in the market, 100 individuals of type 1 and 200 individuals of type 2. The difference between types is reflected solely in their productive capacity in the
• Growth, stability, and retrenchment refer to a firm's position relating to its [{Blank}] strategy. a) specific, b) generic, c) future, d) diversification, e) differentiation.
• Briefly summarize the different types of mortgages and loans that would be available if you or a business needed to finance a large purchase.
• As a provider of funds to a corporation, owning which of the following corporate securities will give you the most control rights? A. Short-term bank loan B. Long-term bond C. Preferred stock D. Common stock
• In terms of a Management Contract (a type of Public Private Partnership), which of the following is the public sector not involved with? a. Operation and Maintenance b. Capital Investment c. Asset Ownership d. None of the above
• In the long run, a firm can vary A. its capital but not its labor. B. its labor but not its capital. C. both its labor and its capital. D. neither its labor nor its capital.
• Risk that is common to all assets (e.g., common stocks) of a certain type is referred to as: a) systematic risk. b) unsystematic risk. c) idiosyncratic risk. d) structural risk.
• Adverse selection in bargaining arises from: A. signaling private information to other parties. B. self-selection based on private information. C. implicit contracts between the principal and the a
• The government rations a variety of publicly provided private goods and impure public goods (in which there is congestion) in a variety of ways. Discuss how each of these is rationed, and consider the
• To avoid depletion of personal assets which can result from lengthy periods of long-term care, it has been common practice to shelter assets in trusts, transfer assets to family members and use other
• Is vertical growth better than horizontal growth? Is concentration better than diversification? Is concentric diversification better than conglomerate diversification?
• Private pension funds and state and local retirement funds provide in the form of annuities to employees who are covered by a pension plan. a) dividends b) revenue c) stock options d) retirement income e) loans
• Give the reason for repurchase agreements being used for conducting short-term monetary policy operations rather than the simple outright purchase and sale of securities.
• A REIT is a type of closed-end mutual fund that focuses on: a. regular earnings. b. high real returns on investment for shareholders. c. real estate. d. rollover equities.
• A _____ investment is more volatile than other forms of investment spending because this type of investment can be changed relatively quickly. a. Inventory b. Business fixed c. Capital d. Residential
• The short run is a period of time: a. in which a frim uses at least one fixed input. b. that is long enough to permit changes in the firm's plan size. c. in which production occurs within one year. d. in which production occurs within six months.
• The long run is a time frame in which: A) the firm can hire all the workers it wants to employ, but it does not have sufficient time to buy more equipment. B) the firm is able to maximize revenue. C) the quantities of all factors of production can be vari
• Market segmentation is most likely to assume importance in which of the following types of markets? (a) Saturated markets (b) Mature markets (c) Emerging markets (d) New growth markets
• Limited-line stores? A) specialize in certain lines of related products rather than a wide assortment. B) carry anything they can sell in reasonable volume. C) are a type of unconventional general store. D) are larger stores that are organized into ma
• A type of market where investors can buy and sell existing securities like, stocks, debentures, etc. is known as? A. Capital market B. Stock exchange market C. Factor market D. Money market
• Corporations get funding for long-term projects in the market of a. goods and services. b. capital. c. money. d. labor.
• In terms of sales, the most important type of business firm is the A. proprietorship B. partnership C. corporation D. nonprofit firm
• A public franchise: a. results from ownership of a key raw material b. is an unregulated monopoly necessary for the public good c. is a corporation that is owned by stockholders d. is a government designation that a private firm is the only legal producer
• You are a short hedger, when you initially check the cash market and sell a futures contract, the basis is -$1.00; when you sell in the cash market and off-set your futures position, the basis is -$0.
• A greenfield investment is the best choice when _____? A. government-mandated benefits are high. B. adequate facilities in the local market aren't available. C. the investor has a lack of capital. D. sustainability is at the core of the corporate
• You are a short hedger; when you initially check the cash market and sell a futures contract, the basis is -$1.00; when you sell in the cash market and offset your futures position, the basis is -$0.56. (please show work and formulas used) a. Is the basi
• Monetarists believe the private economy is inherently: a. unstable and the public sector should be large. b. stable and the government sector should be small. c. unstable and the public sector should be small. d. stable and the public sector should be lar
• 1. How does hospital utilization vary according to a person's age, gender, and socioeconomic status? 2. What is a long-term care hospital (LTCH)? 3. What role does it play in health care delivery in
• There are two types of borrowers, A and B. They each need a $10 loan but the bank cannot observe type. Type A always repays her loan but Type B only repays his loan with probability 0.82. If the bank
• If a company purchases and sells short-term money market securities regularly, is it appropriate to classify this as capital expenditure?
• An incumbent firm is considering expanding its capacity. It can do so in two ways. It can purchase fungible general purpose equipment and machinery that can be resold at close to its original value. Alternatively, it can invest in highly specialized machi
• Which answer is correct? If there is aggregate uncertainty, A. the individual will trade state-contingent contracts to smooth all their risk. B. markets will be inefficient C. full insurance is not possible D. agents receive the same bundle in any sta
• Which of the following is a means of eliminating the undesirable effects of adverse selection? Select one: a. A long-term relationship b. Writing a contract to guarantee the quality c. Both a long-ter
• Breadth and depth are two important components, in distinguishing among types of retailers. Discuss the breadth and depth implications of some of the following retailers: (a) Nordstrom, (b) Wal-Mart,
• There are different types of market structure. In your opinion, what is the best market structure from the firm's point of view and what is the best market structure from a consumer's point of view?
• What type of shares carry special rights? a. Ordinary shares b. Right shares c. Special shares d. Preferred shares
• It's mid/late-2012. Private startups, with $20M-$120M in revenue, are trading at 29x-50x revenue. Are we in a bubble?
• "Spiders" are a type of: a. REIT. b. ETF. c. open-end fund. d. UIT.
• Mail delivery is it is produced by the government. a. a public good because b. not a private good even though c. not a public good even though d. a private good because
• HomeGrown is a small restaurant that specializes in serving local fruits, vegetables, and meats. The company has chosen to enter into a long-term relationship with Family Farms, a local farming operation. The two parties have decided to enter into a long-
• Jaguar Oil Company plans to purchase a piece of vacant land on the corner of two busy streets for $70,000. On properties of this type, the company installs to types of gas stations. Each has an estima
• The short run is a period of time so short that: a) all inputs are fixed b) output cannot be varied c) all inputs are variable d) at least one input is fixed e) None of the above.
• In general, there is a(n) ______ relationship between the height/strength of the barriers and the number of firms in an industry. A. direct B. constant C. random D. inverse
• 1. You work for the residential mortgage lending division of a leading financial institution. This institution also separately operates a division specializing in commercial space rental loans. Recen
• The short run is a period during which: A. some inputs are variable and no inputs are fixed. B. some inputs are variable and some inputs are fixed. C. no inputs are variable and all inputs are fixed. D. no inputs are variable and some inputs are fixed
• Because of barriers to entry, the supply curve for physicians and nurses is A. vertical. B. unlimited. C. downward sloping. D. restricted.
• Because of barriers to entry, the supply curve for physicians and nurses is ____. a. downward sloping b. restricted c. unlimited d. vertical
• Is there a natural bias to neglect the long run and concentrate too much on the short run in decision-making? Why?
• Are we in a really long business cycle, or a series of varying-growth, smaller business cycles?
• Like supermarkets, full-service department stores like Macy's are generally in decline. What factors might these types of stores have in common behind their declines?
• Suppose that the private Pacific Northwest, private South and Federal timber supply functions (annual, million mbf) are: Qpnw=0.01p Qs=0.01p QfSuppose that the private Pacific Northwest, private South
• The All Seasonings Company uses 3,200 glass jars at one of its jar-filling workstations every eight hours of production. The cycle time for a standard container, which holds 90 jars, averages 45 minut
• Assume a certain firm regards the number of workers it employs as a variable but regards the size of its factory as fixed. This assumption is often realistic: a. In the short run but not in the long run, b. In the long run but not in the short run, c. Bot
• Flood protection is an important factor in the long-term viability of many agricultural community throughout the central valley of California. Suppose we know the demand and supply of flood protection
• Since a long run consists of many short runs, the classical model is: a. incorrect every time we look at output data. b. accurate during the short run. c. paradoxically quite accurate in the long run; however, it is not very accurate in the short run. d.
• A whole set of marketing intermediaries that join together to transport and store goods in their path from producers to consumers is: A. administered distribution system B. agents and brokers C. wholesaler D. distribution channel E. contractual distributi
• Sally works in a private company that has to follow government rules for public safety. What type of economic system does she likely live in? a. free-market b. traditional c. mixed d. command