1. The labor supply curve:

a. is made up of firms who want to hire workers at each given wage.

b. is made up of workers who want to work for firms at each given wage.

c. shows number of firms who are willing and able to hire workers at each given wage.

d. shows that the number of firms who want to hire workers decreases as the wage increases.

2. Unemployment insurance:

a. is an explanation for why wages do not reach equilibrium.

b. can affect how quickly people find jobs.

c. will not affect the natural rate of unemployment.

d. is a mandated federal policy all states must adhere to.

3. In the United States, the federal minimum wage in early 2016 was:

a. $7.25 per hour.

b. $6.50 per hour.

c. $8.00 per hour.

d. $7.73 per hour.

4. Supporters of minimum-wage legislation argue that:

a. workers deserve a basic standard of living.

b. it should be set below the market equilibrium wage.

c. some workers will become unemployed as a result of the minimum wage.

d. All of these are true.

5. If a country's income level is high:

a. it must have a high level of growth.

b. it usually has a high level of GDP per capita.

c. it must be well-endowed with natural resources.

d. All of these are true.

A sample of 100 account balances of a credit company showed an average balance of $3,200 with a standard deviation of $316.

Formulate the hypotheses that can be used to determine whether the mean of all account balances is significantly different from $3000.

Conduct a full hypothesis test using the p-value approach. Let α = .05.

#2

During the recent primary elections, the democratic presidential candidate showed the following pre-election voter support in Alabama and Mississippi.
State
Voters Surveyed
Voters in favor of Democratic Candidate
Alabama
750
400
Mississippi
900
560

We want to determine whether or not the proportions of voters favoring the Democratic candidate were the same in both states. Conduct a full hypothesis test using the p-value approach at 92% confidence.

#3

In order to estimate the difference between the yearly incomes of marketing managers in the East and West of the United States, the following information was gathered.
East
West
n = 37
N = 41
X = $72,500
X= $74,000
S = 3000
S= 2500

Develop an interval estimate for the difference between the average yearly incomes of the marketing managers in the East and West. Use α = 0.05.

At 95% confidence, use the p-value approach and conduct a full hypothesis test to determine if the average yearly income of marketing managers in the East is significantly different from the West.

ANY ANSWER WOULD BE A GREAT CONTRIBUTION.....THANK YOU SO MUCH

In 2014 Energy Transfer Partners announced a plan to carry 570,000 barrels of crude oil per day from the Bakken oil fields in North Dakota to an existing infrastructure in Illinois. The Dakota Access Pipeline, as it has been named, would snake across 1,172 miles to reach its destination while crossing through many states, a Native American Reservation, and come in contact with multiple waterways.

Environmentalist and Native Americans have spoken out in non-support of this oil pipeline project for reasons that relate to the dangers that would impact the environment and lives of people living in the region if this line were to break or leak. Many fear that the part of the pipeline that would be constructed under the Missouri River presents a clear and present danger to the river if a leak occurs and jeopardizes the water and the life that depends on this water supply.

Your task: Look at the concerns of the environmentalists and people who raise concerns about the 570,000 barrels of crude oil that would flow through the region. Additionally, look at the history of pipeline oil spills in the United States and any issues surrounding environmental impacts that would be important. Then weigh the concerns of the people involved against the interest of big oil companies.

You must take a stand for one side or the other and defend your position with facts and the law.

Identify every possible primary key, candidate key, and foreign key for the following relations. Separate each key using a semicolon to avoid confusion.

Assumptions: MIScompany has branches located in several states within the United States. A customer can be an individual or organization. driverId is the driving license number, ssno is the social security number and upc is the universal product code. Any equipment is rented and returned at the same branch. A customer can be a manufacturer and vice versa. (Minus 1 point for each wrong answer)

            MIScompany (name, address, phone, email, FedTaxId, StaTaxId)

Primary key:

Candidate key:

Foreign key: none

branch (branchId, name, address, phone, email, FedTaxId, StaTaxId)

Primary key:

Candidate key:

Foreign key:

employee (empId, driverId, ssno, name, branchId)

Primary key:

Candidate key:

Foreign key:

customer (custId, name, address, driverId, ssno, FedTaxId, StaTaxId)

Primary key:   

Candidate key:

Foreign key:

equipment (equipId, type, upc, purchaseDate, year, manufacturId, cost, rentFee, branchId)

Primary key:

Candidate key:

Foreign key:

manufacturer (manufacturId, name, FedTaxId, StaTaxId, phone, email)

Primary key:

Candidate key:

Foreign key:

rental (rentalId, equipId, custId, rentDate&time, returnDate&time, empId, branchId)

Primary key:

Candidate key:

Foreign key: equipId;

Jeff, the Director of Business Development, promised a promotion to Anne, his Assistant Regional Director, to become Regional Director when the old Regional Director was to leave her post in two weeks for another position outside the company. Jeff did not clear this decision with his boss Fred, the Vice President of Marketing before he made the promise to Anne. Jeff thought that it was within his authority to offer the position to Anne without first clearing it with Fred, or consulting human resources. The company was a fairly large developer of residential properties operating in 12 states in the southern United States. Thus, its human resources department was professionalized and balked at the arbitrariness of Jeff’s promise to appoint a person in a job without a fair and open hiring process, citing EEOC laws, and the backlash of regulatory consequences of such behavior. The brakes were put on the entire hiring process, and Anne did not get the job. An outside hire (Mary) eventually received the position. Anne quit immediately! Several projects had to be put on hold for several months until Mary could be brought up to speed, costing thousands of dollars. NO PARTICULAR BEHAVIORAL PATTERN

1. What ethical theory can best explain this moral problem?
2. Did Jeff violate an ethical standard or was he truly ignorant of the hiring process?
3. Should Jeff be blamed for Anne’s resignation?
4. Should there be any consequence or punishment for Jeff?
5. Can Jeff’s promise to Anne be defended ethically?

Barfield Corporation prepares business plans and marketing analyses for startup companies in the Cleveland area. Barfield has been very successful in recent years in providing effective service to a growing number of clients. The company provides its service from a single office building in Cleveland and is organized into two main client-service groups: one for market research and the other for financial analysis. The two groups have budgeted annual costs of $1,250,000 and $1,750,000, respectively. In addition, Barfield has a support staff that is organized into two main functions: one for clerical, facilities, and logistical support (called the CFL group) and another for computer-related support. The CFL group has budgeted annual costs of $210,000, while the annual costs of the computer group are $600,000.

Tom Brady, CFO of Barfield, plans to prepare a departmental cost allocation for his four groups, and he assembles the following information.

Percentage of estimated dollars of work and time by CFL group:

Percentage of estimated dollars of work and time by the computer group:

Required:
Determine the total cost in the financial analysis and market research groups, after departmental allocation, using (a) the direct method, (b) the step method when the sourcing department that provides the greatest percentage of services to other service departments goes first, and (c) the reciprocal method. (Round percentage calculations to 4 decimal places (e.g., 33.3333%), intermediate calculations and final answers to the nearest dollar amount.)

Barfield Corporation prepares business plans and marketing analyses for startup companies in the Cleveland area. Barfield has been very successful in recent years in providing effective service to a growing number of clients. The company provides its service from a single office building in Cleveland and is organized into two main client-service groups: one for market research and the other for financial analysis. The two groups have budgeted annual costs of $550,000 and $840,000, respectively. In addition, Barfield has a support staff that is organized into two main functions: one for clerical, facilities, and logistical support (called the CFL group) and another for computer-related support. The CFL group has budgeted annual costs of $513,000, while the annual costs of the computer group are $624,000.

Tom Brady, CFO of Barfield, plans to prepare a departmental cost allocation for his four groups, and he assembles the following information.

Percentage of estimated dollars of work and time by CFL group:

Percentage of estimated dollars of work and time by the computer group:

Required:
Determine the total cost in the financial analysis and market research groups, after departmental allocation, using (a) the direct method, (b) the step method when the sourcing department that provides the greatest percentage of services to other service departments goes first, and (c) the reciprocal method. (Round percentage calculations to 4 decimal places (e.g., 33.3333%), intermediate calculations and final answers to the nearest dollar amount.)

Barfield Corporation prepares business plans and marketing analyses for startup companies in the Cleveland area. Barfield has been very successful in recent years in providing effective service to a growing number of clients. The company provides its service from a single office building in Cleveland and is organized into two main client-service groups: one for market research and the other for financial analysis. The two groups have budgeted annual costs of $1,250,000 and $1,750,000, respectively. In addition, Barfield has a support staff that is organized into two main functions: one for clerical, facilities, and logistical support (called the CFL group) and another for computer-related support. The CFL group has budgeted annual costs of $210,000, while the annual costs of the computer group are $600,000.

Tom Brady, CFO of Barfield, plans to prepare a departmental cost allocation for his four groups, and he assembles the following information.

Percentage of estimated dollars of work and time by CFL group:

Percentage of estimated dollars of work and time by the computer group:

Required:
Determine the total cost in the financial analysis and market research groups, after departmental allocation, using (a) the direct method, (b) the step method when the sourcing department that provides the greatest percentage of services to other service departments goes first, and (c) the reciprocal method. (Round percentage calculations to 4 decimal places (e.g., 33.3333%), intermediate calculations and final answers to the nearest dollar amount.)

Barfield Corporation prepares business plans and marketing analyses for startup companies in the Cleveland area. Barfield has been very successful in recent years in providing effective service to a growing number of clients. The company provides its service from a single office building in Cleveland and is organized into two main client-service groups: one for market research and the other for financial analysis. The two groups have budgeted annual costs of $440,000 and $770,000, respectively. In addition, Barfield has a support staff that is organized into two main functions: one for clerical, facilities, and logistical support (called the CFL group) and another for computer-related support. The CFL group has budgeted annual costs of $297,000, while the annual costs of the computer group are $636,000. Tom Brady, CFO of Barfield, plans to prepare a departmental cost allocation for his four groups, and he assembles the following information. Percentage of estimated dollars of work and time by CFL group: 10%—service to the computer group 20%—service to market research 70%—service to financial analysis Percentage of estimated dollars of work and time by the computer group: 20%—service to the CFL group 40%—service to market research 40%—service to financial analysis Required: Determine the total cost in the financial analysis and market research groups, after departmental allocation, using (a) the direct method, (b) the step method when the sourcing department that provides the greatest percentage of services to other service departments goes first, and (c) the reciprocal method. (Round percentage calculations to 4 decimal places (e.g., 33.3333%), intermediate calculations and final answers to the nearest dollar amount.)

Barfield Corporation prepares business plans and marketing analyses for startup companies in the Cleveland area. Barfield has been very successful in recent years in providing effective service to a growing number of clients. The company provides its service from a single office building in Cleveland and is organized into two main client-service groups: one for market research and the other for financial analysis. The two groups have budgeted annual costs of $1,250,000 and $1,750,000, respectively. In addition, Barfield has a support staff that is organized into two main functions: one for clerical, facilities, and logistical support (called the CFL group) and another for computer-related support. The CFL group has budgeted annual costs of $210,000, while the annual costs of the computer group are $600,000.

Tom Brady, CFO of Barfield, plans to prepare a departmental cost allocation for his four groups, and he assembles the following information.

Percentage of estimated dollars of work and time by CFL group:

Percentage of estimated dollars of work and time by the computer group:

Required:
Determine the total cost in the financial analysis and market research groups, after departmental allocation, using (a) the direct method, (b) the step method when the sourcing department that provides the greatest percentage of services to other service departments goes first, and (c) the reciprocal method. (Round percentage calculations to 4 decimal places (e.g., 33.3333%), intermediate calculations and final answers to the nearest dollar amount.)

Market Research Financial Analysis Total Producing Dept. Cost

a.The direct method -------------- ------------------ ----------------

b.The step method --------------- -------------------- ---------------

c.The reciprocal method -------------- ------------------------ ------------------