1. A simple linear regression model is an equation that
describes the straight-line relationship between a dependent
variable and an independent variable. T or F
2. The residual is the difference between the observed value of
the dependent variable and the predicted value of the dependent
variable. T or F
3. The experimental region is the range of the previously
observed values of the dependent variable. T or F
The timing gaming problem occurs when the incentives for the
worker are non-linear. True or False?
A concave reward structure when the commission rate declines as
output increases, results in a smoothing of output throughout the
time period. True or False?
The timing gaming problem is evidence that non-linear reward
structures should never be used. True or False?
4. if temperatures fall, fewer persons will go on vacation is
which type of relationship?
a. normative
b. positive
c. inverse
d. negative
6.the production possibilities curve shifts to the right
a. if prices of the 2 goods fall
b. if we get more money
c. if we get more resources
d. if we produce more of one good and less of the other good
8. if both the price and quantity of eggs rise, which is most
likely to...
Your company purchases two machines, which cost $3,000 and
$3,000, respectively. They have linear straight-line depreciation
schedules of 8 and 4 years, respectively. What is the present value
of the depreciation, given a cost of capital of 8.6%?
Your company purchases two machines, which cost $4,000 and
$9,000, respectively. They have linear straight-line depreciation
schedules of 7 and 5 years, respectively. What is the present value
of the depreciation, given a cost of capital of 5.8%?
which type of budget requires a facility manager to perform an
in-depth analysis of all line items and meticulously justify all
expenditures?
a. zero-based budget
b. operational budget
c. capital budget
d. incremental budget