True/False

1. ________Growth is the progressive change in the child toward maturity or maturation.

2. ________Nutritional habits and patterns are established during the adolescent years and these patterns are then carried into adulthood.

3. ________Divorce can be traumatic for children but may be better than the household environment the child has been living in.

4. ________Some of the body systems of the child are present at birth; other body systems develop shortly after birth.

5. ________Communication includes spoken and written words as well as body language, facial expressions, voice intonations, and emotions behind the words.

Fill-in-the-Blank

1. The pattern of growth starting with the head and moving downward is referred to as________________________.

2. In the pattern of growth referred to as _____________________________, growth starts in the center and progresses toward the periphery or outside.

3. The combination of all of an individual’s characteristics, the way the person thinks, behaves, and reacts to

something that happens in his or her environment is referred to as a person’s _____________________________.

4. A _____________________________ child is one who comes home to an empty house after school each day because the family caregivers are at work.

5. Erik Erikson described and formulated human psychosocial development as a series of eight developmental

____________________________________.

89. According to the acceleration principle: (a) a relatively small increase in consumer spending results in a relatively larger increase in inflation; (b) a relatively small increase in consumer spending perceived to be permanent results in a relatively larger increase in investment; (c) a relatively small decrease in the federal budget deficit results in an even LARGER increase in capital spending (due to momentum); (d) the faster interest rates decline, the faster investment spending declines.

90. In the early stages of an economic boom, a borrower’s risk is likely to be: (a) related to deflation; (b) due to sub-par food in the cafeteria; (c) due mainly to the solvency of the lender; (d) relatively low.

91. According to the permanent income hypothesis, current consumption is a function of: (a) current income; (b) expected income over a three-year time horizon; (c) wealth, including human capital; (d) all of the above.

92. A school of thought that advocates government management of aggregate demand would be most similar to: (a) supply side economics; (b) classical economics; (c) Keynesian economics; (d) rational expectations theory.

A rich donor has approached a small liberal arts college and wants to know what the total of all of the student debt at the college is. She is considering paying off every student’s debt, but needs to know how much that is before she publicly announces her plan. In response, the school decides to conduct a survey of its students to find out what the total of all students’ debt is. They want to be sure that in-state, out-of-state, and international students are all properly represented so they decide to take a stratified sample. Using the below information, calculate the total student debt for the college and construct a confidence interval around the total student debt for the college. NOTE: You will have to choose a reasonable confidence interval.

1) Thirteen student were admitted to the undergraduate business program at Whatsamatta University 2 years ago. The following table indicates what their grade-point average was after 2 years at the University. Also listed is their SAT score that they scored when they were in high school (maximum score is 2400).

a) Using the SAT score to predict their GPA is there a meaningful relationship between the SAT score and their GPA? How do you know?

b) If a student has a SAT score of 1200, what do you think their GPA will be in two years?

c) If a student has a SAT score of 2400, what do you think their GPA will be in two years?

The Survey of Study Habits and Attitudes (SSHA) is a psychological test that measures the motivation, attitude toward school, and study habits of students. Scores range from 0 to 200. A selective private college gives the SSHA to an SRS of both male and female first-year students. The data for the women are as follows: 154 109 137 115 152 140 154 178 101 103 126 126 137 165 165 129 200 148 Here are the scores of the men: 108 140 114 91 180 115 126 92 169 146 109 132 75 88 113 151 70 115 187 104

Most studies have found that the mean SSHA score for men is lower than the mean score in a comparable group of women. Is this true for first-year students at this college? Use a 1% significance level.

(a) Hypotheses and results:

(b) Draw a picture and label p-value and horizontal axis:

(c) Draw a conclusion. Don’t just accept or reject. Say what it means in terms of this problem.

1) The nurse has just started her morning shift, when entering the client's room, she notices the wrong IV drip is administering to the client. The nurse quickly stop the IV drip, assess the client's condition, and collect vital signs. What should the nurse do next?

A. Document the medication error

B. Do nothing as the client condition is normal

C. Report this to the nurse supervisor

D. Report this to the prescribing physician

2) The nurse is assessing a 4 months old child whose mother is present and notice severe bruises on the bottom and abdomen. What should the nurse do?

A. Report this to the police immediately

B. Determine by asking the mother to explain the bruises

C. Report this to the nurse supervisor immediately

D. Report this to the child protective services immediately

3) The nurse is doing a routine assessment on 14 years old client with a diagnose of anorexia. What statement by the client should cause the nurse to do a follow-up?

A. I am not responsible for the parent's behavior

B. My parents weight me every day after school

Exchange vs Nonexchange Transactions

Classify each transaction below as exchange or nonexchange. If it is a nonexchange transaction, classify it in one of the four categories of nonexchange transactions. Explain your answer.

1. Merchant collects state cigarette tax on sale of a pack of cigarettes.

2. State reimburses schools for costs related to special education of handicapped children. The school must verify eligibility of the children.

3. State fines for hunting illegally on protected state wildlife preserve.

4. City property taxes are paid by owner.

5. Hotel tax is collected at checkout.

6. Donor provides $300,000 to a city homeless shelter and specifies $100,000 may be spent each year.

7. County landfill collects fee from citizen dumping trash.

8. Income tax is withheld from an employee's paycheck.

9. A business donates cash for scholarships to a public university and specifies the scholarships must be for study abroad.

10. A corporation makes a grant to a public university to conduct research on genetics coding, and the university agrees to give the corporation all patent rights on results of the genetic coding research.

Cheyenne Corp. enters into a contract with a customer to build an apartment building for $995,600. The customer hopes to rent apartments at the beginning of the school year and provides a performance bonus of $145,500 to be paid if the building is ready for rental beginning August 1, 2018. The bonus is reduced by $48,500 each week that completion is delayed. Cheyenne commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes:

(a) Determine the transaction price for the contract, assuming Cheyenne is only able to estimate whether the building can be completed by August 1, 2018, or not (Cheyenne estimates that there is a 70% chance that the building will be completed by August 1, 2018). (If answer is 0, please enter 0. Do not leave any fields blank.)

(b) Determine the transaction price for the contract, assuming Cheyenne has limited information with which to develop a reliable estimate of completion by the August 1, 2018, deadline.

1.Reducing tariff rates will not improve a country's growth if

A. goods cannot enter or exit the country easily due to insufficient transportation networks.

B. the country has low levels of corruption.  

C. levels of technology in the country are low.

2.Which of the following policies is most likely to reduce the amount of child labor used in developing countries?

A. Developed countries subsidizing their agricultural industries.

B.Developing countries preventing farmers from exporting agricultural goods.

C. Developing countries requiring children to attend school.

3. Which of the following statements has NOT been a persistent myth or anxiety associated with economic development?

A. Commerce and entrepreneurial capitalism takes more people out of poverty than aid.\

B. Developing countries would become locked into limited patterns of specialization.

C, Developing countries have limited opportunities to achieve growth through exports.

4.The "Fair Trade" movement results in consumers paying ____________ prices for products from developing countries such as coffee, tea and cocoa.

A.  higher

B. lower

C. less polarizing

Assume you are a business owner of a growing company that sells electronic goods, including calculators, MP3 players, computers, etc. You receive an email from a business contact in a country with an emerging market, such as Jamaica. She indicates she may be interested in a large purchase for a school in her country. Assume you know and trust this person and that the business deal is legitimate. However, doing business internationally, particularly in an emerging market, comes with uncertainty. Review the course materials you have studied and answer the following:  

• Describe the economic models relevant to all business deals and how they would be applied in this situation.
• Describe the economic models relevant to global business deals, in particular to emerging markets.
• How would you apply these models in this situation?
• How will you ensure that you will gain and maintain a sustainable competitive advantage in this scenario?
• What are at least four different business models you might consider, and how would you apply them in this situation? Which of the three business model would you choose? Why?