KREFT G202 ASSESSMENT 1 FINAL PAPER 2026
QUESTIONS AND ANSWERS ALREADY PASSED
◉ society to lose out on a net benefit, as the next panel produced
would have more consumer value than productive costs. Answer:
Assume that the socially efficient output level in the residential solar
panel market is 1,000 units per week, but the industry is only
producing 800 units per week at current capacity. The industry's
under-production is causing
1. a net cost on society, because the last panel produced had more
production costs than consumer value.
2. a net cost on society, because the last panel produced had more
consumer value than productive costs.
3. society to lose out on a net benefit, as the next panel produced
would have more production costs than consumer value.
4. society to lose out on a net benefit, as the next panel produced
would have more consumer value than productive costs.
◉ ARCO and SOLAREX. Answer: In the early 21st century BP made
two strategic acquisitions, what were they?
◉ Stay in California and fight for approval, Stay in California and
further compromise, Leave California and start over. Answer: At the
, time of the case, Ventria basically has three options what were their
options?
◉ sides + Ventria employees + rice farmers + Million California Rice
Revenue + 2 Million babies killed. Answer: 2 _______ 20 _________ 2000
________ + $500 __________ + 2 _________
◉ Entrepreneurs. Answer: Someone who tries to exploit
opportunities that exist within markets
•Offer new products or open new markets
•Create a lower cost technology
•Find new resources
◉ Intrapreneur. Answer: An entrepreneurial individual that is
employed by a firm
•Needed to keep ahead of rival firms
•Needed to improve overall efficiency and technology
•An effort to keep the brightest minds within the corporation
•Incentive to incorporate more profitable projects
◉ Consumer Surplus. Answer: Difference between what customers
are willing to pay (based on value) and the price they have to pay
QUESTIONS AND ANSWERS ALREADY PASSED
◉ society to lose out on a net benefit, as the next panel produced
would have more consumer value than productive costs. Answer:
Assume that the socially efficient output level in the residential solar
panel market is 1,000 units per week, but the industry is only
producing 800 units per week at current capacity. The industry's
under-production is causing
1. a net cost on society, because the last panel produced had more
production costs than consumer value.
2. a net cost on society, because the last panel produced had more
consumer value than productive costs.
3. society to lose out on a net benefit, as the next panel produced
would have more production costs than consumer value.
4. society to lose out on a net benefit, as the next panel produced
would have more consumer value than productive costs.
◉ ARCO and SOLAREX. Answer: In the early 21st century BP made
two strategic acquisitions, what were they?
◉ Stay in California and fight for approval, Stay in California and
further compromise, Leave California and start over. Answer: At the
, time of the case, Ventria basically has three options what were their
options?
◉ sides + Ventria employees + rice farmers + Million California Rice
Revenue + 2 Million babies killed. Answer: 2 _______ 20 _________ 2000
________ + $500 __________ + 2 _________
◉ Entrepreneurs. Answer: Someone who tries to exploit
opportunities that exist within markets
•Offer new products or open new markets
•Create a lower cost technology
•Find new resources
◉ Intrapreneur. Answer: An entrepreneurial individual that is
employed by a firm
•Needed to keep ahead of rival firms
•Needed to improve overall efficiency and technology
•An effort to keep the brightest minds within the corporation
•Incentive to incorporate more profitable projects
◉ Consumer Surplus. Answer: Difference between what customers
are willing to pay (based on value) and the price they have to pay
