Questions
The Bank of Korea’s monetary policy is to reduce the vulnerability of South Korean won and...

The Bank of Korea’s monetary policy is to reduce the vulnerability of South Korean won and achieve price stabilization through increasing money supply and lowering interest rates.

1- How does the Bank of Korea attempt to minimize the output gap through money supply and interest rates?

2-.     How does the policy affect the price level in the short run and the long run?

3-.     Can the Bank of Korea achieve price stability and economic growth simultaneously?

In: Economics

With the high-profile accounting scandals at the start of this century such as Health South, Enron,...

With the high-profile accounting scandals at the start of this century such as Health South, Enron, WorldCom, AIG, Lehman Brothers, and Arthur Andersen, the public's relative flattering opinion of the accounting profession faltered. Some businesspeople even suggest that "accounting ethics" is an oxymoron. As an accountant at the start of your career, can you do anything to reverse this perception? In addition to your answer, please comment on at least one answer from a classmate.

In: Accounting

Imagine you are one of the commissioners of the South African Competition Commission that investigated the...

Imagine you are one of the commissioners of the South African Competition Commission that investigated the anti-competitive practices in the motor vehicle car safety products sector mentioned in the extract. You have been requested to report in assignment essay format to parliament on your investigation: a) In your report on the findings, explain and discuss at a theoretical level five attributes of Oligopolies and how such a market operates with respect to decisions made on prices and output. [25 Marks] (10 marks for the attributes and 15 marks for the pricing structure) b) Discuss two contrasting features in the pricing structure of oligopoly with that of perfect competition. [10 Marks] c) Discuss how each of the practices reported on in the extract could have been interpreted as anti-competitive behaviour. [15 Marks]

In: Economics

As a manager of a big retail shop that specialises in groceries operating in South Africa,...

As a manager of a big retail shop that specialises in groceries operating in South Africa, you don't believe that the industry players are fairly contacting themselves despite the argument from the competition tribunal and parliament that the sector is competitive and is operating freely and fairly. Using relevant examples and your knowledge of market structures, write a critique of the theory of perfect competition and reasons why this market structure might not exist in real world.

In: Economics

As a manager of a big retail shop that specialises in groceries operating in South Africa,...

As a manager of a big retail shop that specialises in groceries operating in South Africa, you don’t believe that the industry players are fairly contacting themselves despite the argument from the competition tribunal and parliament that the sector is competitive and is operating freely and fairly. Using relevant examples and your knowledge of market structures, write a critique of the theory of perfect competition and reasons why this market structure might not exist in real world.   

In: Economics

The Cost of Natural Resources The high cost of oil in the Global South continues to...

The Cost of Natural Resources The high cost of oil in the Global South continues to have a detrimental effect on its population. What are the primary natural resources that are used in your state? If this natural resource became unavailable, how would that affect the state’s economy? How does the harvesting or collecting of this natural resource affect the natural environment?

Review the posts of your classmates and respond to at least one other post discussing how the natural resource they chose to write about would influence your community.

In: Economics

As the Director of Emergency Services for the community located on the South Carolina coast, you...

As the Director of Emergency Services for the community located on the South Carolina coast, you have been preparing for a hurricane for the past several days. When the hurricane finally comes ashore, it does so as a Category 4. Discuss how you will respond to this disaster. What resources would you call upon locally, at the state level, and at the federal level? Discuss at what point will you call for state and federal aid and under what legal authority would you be able to call for the federal aid to meet your response needs?

In: Operations Management

The “Zebra” cell was invented in 1985 in South Africa as part of the “ZEolite Battery...

The “Zebra” cell was invented in 1985 in South Africa as part of the “ZEolite Battery Research Africa” project, and is used in all-electric municipal buses and other vehicles. It uses nickel and molten sodium as its electrodes. Its overall cell reaction is

NiCl2(l) + 2Na(l) <--> Ni(s) + 2NaCl(l)

a)              Write the two half-reactions for this battery.

b)             Calculate the Eo for the Zebra cell (show your work).

c)              Are the reactants in this battery at room temperature when it is operating? Explain how you know.

In: Chemistry

Question 1 (1 point) Airline companies recognize that empty seats represent lost revenues that can never...

Question 1 (1 point)

Airline companies recognize that empty seats represent lost revenues that can never be recovered. To avoid losing revenues, the companies often book more passengers than there are available seats. Then, when a flight experiences fewer no-shows than expected, some passengers are 'bumped' from their flights (are denied boarding). Incentives are provided to encourage passengers to give up their reserved seat voluntarily, but occasionally some passengers are involuntarily bumped from the flight. Obviously, these incidents can reflect poorly on customer satisfaction. Suppose Southwest Airlines would like to estimate the true proportion of involuntarily bumped passengers across all domestic flights in the industry. In a pilot sample of 863 domestic passengers, 259 were involuntarily bumped. What is the estimate of the population proportion and what is the standard error of this estimate?

Question 1 options:

1)

The true population proportion is needed to calculate this.

2)

Estimate of proportion: 0.3, Standard error: 0.0156.

3)

Estimate of proportion: 0.7, Standard error: 0.0005.

4)

Estimate of proportion: 0.7, Standard error: 0.0156.

5)

Estimate of proportion: 0.3, Standard error: 0.0005.

Question 2 (1 point)

Approximately 43.73% of all businesses are owned by women. If you take a sample of 180 businesses in Michigan, what is the probability that less than 45.32% of them would be owned by women?

Question 2 options:

1)

0.6664

2)

0.3336

3)

9.8370

4)

0.5000

5)

>0.999

Question 3 (1 point)

Fill in the blank. In a drive thru performance study, the average service time for McDonald's is 217.32 seconds with a standard deviation of 8.5 seconds. A random sample of 62 times is taken. There is a 26% chance that the average drive-thru service time is greater than ________ seconds.

Question 3 options:

1)

There is not enough information to determine this.

2)

211.85

3)

222.79

4)

218.01

5)

216.63

Question 4 (1 point)

Experimenters injected a growth hormone gene into thousands of carp eggs. Of the 289 carp that grew from these eggs, 23 incorporated the gene into their DNA (Science News, May 20, 1989). With a confidence of 90%, what is the margin of error for the proportion of all carp that would incorporate the gene into their DNA?

Question 4 options:

1)

0.0261

2)

0.0015

3)

0.0204

4)

0.0159

5)

0.0004

Question 5 (1 point)

You are interested in getting an investment portfolio started with any extra money you make from your part time job while also going to school. While flipping through the latest edition of Money magazine, you read an article that of a survey of magazine subscribers, 179 were randomly selected and analyzed. A 99% confidence interval was constructed for the proportion of all subscribers who made money in the previous year in their investments, which was ( 0.7216 , 0.8762 ). What is the correct interpretation of this confidence interval?

Question 5 options:

1)

We are 99% confident that of the 179 respondents, between 0.7216 and 0.8762 of them made more than they lost.

2)

We are certain that 99% of subscribers made between 0.7216 and 0.8762.

3)

We cannot determine the proper interpretation of this interval.

4)

We are 99% confident that the proportion of all Money magazine subscribers sampled that made money in the previous year from their investments is between 0.7216 and 0.8762.

5)

We are 99% confident that the proportion of all Money magazine subscribers that made money in the previous year from their investments is between 0.7216 and 0.8762.

In: Statistics and Probability

Ross Co., Westerfield, Inc., and Jordan Company announced a new agreement to market their respective products...

Ross Co., Westerfield, Inc., and Jordan Company announced a new agreement to market their respective products in China on July 18, February 12, and October 7, respectively. Given the information below, calculate the cumulative abnormal return (CAR) for these stocks as a group. Assume all companies have an expected return equal to the market return. (A negative value should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required. Do not round intermediate calculations. Round your answers to 1 decimal place.)

Ross Co. Westerfield, Inc. Jordan Company
Date Market
Return
Company
Return
Date Market
Return
Company
Return
Date Market
Return
Company
Return
July 12 −.3 −.8 Feb 8 −.3 −.8 Oct 1 .5 .6
July 13 .3 .4 Feb 9 −.6 −.8 Oct 2 .4 .6
July 16 .4 .6 Feb 10 .4 .6 Oct 3 .7 1.3
July 17 −.6 −.2 Feb 11 .6 1.2 Oct 6 −.1 −.7
July 18 −1.7 1.3 Feb 12 −.1 .1 Oct 7 −2.2 −.7
July 19 −1.0 −.4 Feb 15 1.1 1.6 Oct 8 .1 .5
July 20 −.9 −1.2 Feb 16 .7 .5 Oct 9 −.5 −.6
July 23 .6 .4 Feb 17 −.1 .0 Oct 10 .1 −.1
July 24 .3 .0 Feb 18 .7 .4 Oct 13 −.5 −.6

Abnormal returns (Ri-RM)

Days from announcement Ross W'field Jordan Sum Average abnormal return Cumulative average residual
-4
-3
-2
-1
0
1
2
3
4

In: Finance