Assume you are a Marxist – respond to the following problems, and how your perspective either doesn’t lead to these problems of resolve them – the devolution of Marxist regimes into totalitarianism, the free-rider problem, the problem of innovation.

If you were on the recruiting team to find a new
CEO for a company where the board mandate was to focus on embedding innovation into the DNA of the company, what attributes would you describe as being the "must-haves?"

Business Issues (a) Fixed and variable costs The cost of assembling a computer requires $300 worth of parts, 2 hr of direct labour at $35/hr and incurs an overhead cost of 400% of labour. If your MARR was 35% per computer, what is the minimum price you would accept for the computer?

(b) List the “five forces” in Michael Porter’s “Five Forces Model” for describing the dynamics of competition.

(c) Convert the following poor objective into a S.M.A.R.T. Objective. “My Team wants to establish a company in Singapore”

(d) List at least four (4) types of Intellectual property.

(e) What is the difference between an invention and an innovation?

(f) Name the three (3) main characteristics of a disruptive innovation.

A researcher manipulates dependent variables in one or more treatments and then compares the effects of the treatments against the control group where subjects did not receive treatment.

Question 1 options:

Question 2 (5 points)

This theory includes four key elements: innovation, communication channels, time, and social system.

Question 2 options:

Question 3 (5 points)

Identify the social science theory that consist of two parties: principal and agent, which the principal employs the agent to perform certain tasks on its behalf.

Question 3 options:

Question 4 (5 points)

The study of the science of behavior and cognition (mental processes).

Question 4 options:

Question 5 (5 points)

Who is Not considered a great thinker of the world that used an interdisciplinary approach to formulate theories and explanations of the world around them?

Question 5 options:

On January 5, 2020, Waterway Corporation received a charter granting the right to issue 5,100 shares of $100 par value, 9% cumulative and nonparticipating preferred stock, and 50,000 shares of $10 par value common stock. It then completed these transactions.

Record the journal entries for the transactions listed above. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record entries in the order displayed in the problem statement. Round answers to 0 decimal places, e.g. $5,275.)

Prepare the stockholders’ equity section of Waterway Corporation’s balance sheet as of December 31, 2020. (Enter account name only and do not provide descriptive information.)

On January 5, 2020, Marin Corporation received a charter granting the right to issue 5,100 shares of $100 par value, 7% cumulative and nonparticipating preferred stock, and 48,600 shares of $10 par value common stock. It then completed these transactions.

1. Record the journal entries for the transactions listed above. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record entries in the order displayed in the problem statement. Round answers to 0 decimal places, e.g. $5,275.)

2. Prepare the stockholders’ equity section of Marin Corporation’s balance sheet as of December 31, 2020. (Enter account name only and do not provide descriptive information.)

The first audit of the books of Carla Company was made for the year ended December 31, 2021. In examining the books, the auditor found that certain items had been overlooked or incorrectly handled in the last 3 years. These items are

1. At the beginning of 2019, the company purchased a machine for $561,000 (salvage value of $56,100) that had a useful life of 6 years. The bookkeeper used straight-line depreciation but failed to deduct the salvage value in computing the depreciation base for the 3 years.

2. At the end of 2020, the company failed to accrue sales salaries of $47,000.

3. A tax lawsuit that involved the year 2019 was settled late in 2021. It was determined that the company owed an additional $89,000 in taxes related to 2019. The company did not record a liability in 2019 or 2020 because the possibility of loss was considered remote, and charged the $89,000 to a loss account in 2021.

4. Carla Company purchased the copyright from another company early in 2019 for $54,000. Carla had not amortized the copyright because its value had not diminished. The copyright has a useful life at the purchase of 20 years.

5. In 2021, the company wrote off $87,000 of inventory considered to be obsolete; this loss was charged directly to Retained Earnings. Prepare the journal entries necessary in 2021 to correct the books, assuming that the books have not been closed. Disregard the effects of corrections on income tax.

1. Describe and briefly explain whether the following changes cause the short-run aggregate supply to

increase, decrease or neither:

a. The price level increases

b. Input prices decrease

c. Firms and workers expect the price level to fall.

d. The price level decreases

e. New policies increase the cost for businesses of meeting government regulations.

f. The number of workers in the labor force increases.

2. Describe and briefly explain whether the following changes cause the aggregate demand to increase,

decrease or neither:

a. The price level increases

b. Investment decreases

c. Imports increase and exports decrease

d. Consumer optimism improves

e. Government increases infrastructure spending

f. Stock market crashes.

3. Starting in early March of 2020, many factories, restaurants, offices and entertainment venues closed

their doors fearing the spread of Coronavirus. Using aggregate demand-aggregate supply model, predict

which curve this event mostly affects and what’s the impact on the US economy in the short-run?

4. From 2014 to 2018, dollar has been slowly falling against other major currencies.

a. Determine how the falling value of the dollar affects the US price level, real GDP and the

unemployment rate in both short-run and the long-run. You can assume that the economy was in the

long-run equilibrium before this change, and consider only the stated event. Place your answers in the

boxes below (using an up arrow, a down arrow, or a dash if the level is constant).

Short Run Long-Run

P Y u P Y u

b. Draw a diagram that supports your answers in part (a). Clearly label all the curves and equilibria as

well as show the direction of changes using arrows.

Collective Arts Brewing currently makes 30 types of IPA and 6 types of Lager.

1. The manager at Mike's Place needs to choose 4 types of IPA and 4 types of Lager. How many options does the manager have?
2. The 8 beers (4 IPA and 4 Lager) selected in the previous question must be placed in a line on a display shelf so that no two IPA are adjacent and no two Lager are adjacent. How many ways are there to do this?
3. Continuing from the previous question, suppose that two of the beers selected were All Together Now (an IPA) and Hot Pink (a Lager). Since both cans are pink, the manager doesn't want to place them adjacent to each other. How many ways are there to do this (while still alternating between IPA and Lager)?
4. How many of the arrangements from the previous question have the All Together Now among from the 4 leftmost bottles and the bottle of Hot Pink among the 4 rightmost bottles?