University of Phoenix MGMT 504 Assessment 1, 2 & 3
test Q&A Updated 2022/2023 Guaranteed SUCCESS
Graded A+
Assessment 1
Question 1
1 out of 1 points
The higher the interest rate:
Selected Answer:
Correct B. the smaller the present value of a future
amount. Correct Answer:
Correct B. the smaller the present value of a future
amount. Question 2
1 out of 1 points
If the interest rate is 10 percent and cash flows are $1,000 at the end of
year one and
$2,000 at the end of year two, then the present value of these cash
flows is: Selected Answer:
Correct A.
$2,562.
Correct
Answer:
Correct A.
$2,562.
Question 3
1 out of 1 points
Economic profits
University of Phoenix MGMT 504 Assessment 1, 2 & 3
test Q&A Updated 2022/2023 Guaranteed SUCCESS
Graded A+
,University of Phoenix MGMT 504 Assessment 1, 2 & 3
test Q&A Updated 2022/2023 Guaranteed SUCCESS
Graded A+
are:
Selected Answer:
Correct C. total revenue minus total opportunity
cost. Correct Answer:
Correct C. total revenue minus total opportunity
cost. Question 4
1 out of 1 points
Which of the following are signals to the owners of scarce resources
about the best uses of those resources?
Selected Answer:
Correct A. Profits of
businesses Correct
Answer:
Correct A. Profits of
businesses Question 5
1 out of 1 points
To maximize profits, a firm should continue to increase production of a
good until: Selected Answer:
Correct C. marginal revenue equals
marginal cost. Correct Answer:
Correct C. marginal revenue equals
marginal cost. Question 6
1 out of 1 points
University of Phoenix MGMT 504 Assessment 1, 2 & 3
test Q&A Updated 2022/2023 Guaranteed SUCCESS
Graded A+
,University of Phoenix MGMT 504 Assessment 1, 2 & 3
test Q&A Updated 2022/2023 Guaranteed SUCCESS
Graded A+
If a producer offers a price that is in excess of a consumer's valuation
of the good, the consumer:
Selected Answer:
Correct B. will refuse to purchase the
good. Correct Answer:
University of Phoenix MGMT 504 Assessment 1, 2 & 3
test Q&A Updated 2022/2023 Guaranteed SUCCESS
Graded A+
, University of Phoenix MGMT 504 Assessment 1, 2 & 3
test Q&A Updated 2022/2023 Guaranteed SUCCESS
Graded A+
Correct B. will refuse to purchase the
good. Question 7
1 out of 1 points
Basic principles that comprise good management
include: Selected Answer:
Correct D. All of the statements associated with this question
are correct. Correct Answer:
Correct D. All of the statements associated with this question are
correct. Question 8
0 out of 1 points
The opportunity cost of an action is the:
Selected Answer:
Incorrect C. cost of all alternative actions that could have been
taken. Correct Answer:
Correct B. value of the most highly valued alternative action
given up. Question 9
1 out of 1 points
Suppose total benefits and total costs are given by B(Y) = 150Y -
10Y2 and C(Y) = 5Y2. What level of Y will yield the maximum net
benefits?
Selected Answer:
Correct C. 5
Correct
University of Phoenix MGMT 504 Assessment 1, 2 & 3
test Q&A Updated 2022/2023 Guaranteed SUCCESS
Graded A+
test Q&A Updated 2022/2023 Guaranteed SUCCESS
Graded A+
Assessment 1
Question 1
1 out of 1 points
The higher the interest rate:
Selected Answer:
Correct B. the smaller the present value of a future
amount. Correct Answer:
Correct B. the smaller the present value of a future
amount. Question 2
1 out of 1 points
If the interest rate is 10 percent and cash flows are $1,000 at the end of
year one and
$2,000 at the end of year two, then the present value of these cash
flows is: Selected Answer:
Correct A.
$2,562.
Correct
Answer:
Correct A.
$2,562.
Question 3
1 out of 1 points
Economic profits
University of Phoenix MGMT 504 Assessment 1, 2 & 3
test Q&A Updated 2022/2023 Guaranteed SUCCESS
Graded A+
,University of Phoenix MGMT 504 Assessment 1, 2 & 3
test Q&A Updated 2022/2023 Guaranteed SUCCESS
Graded A+
are:
Selected Answer:
Correct C. total revenue minus total opportunity
cost. Correct Answer:
Correct C. total revenue minus total opportunity
cost. Question 4
1 out of 1 points
Which of the following are signals to the owners of scarce resources
about the best uses of those resources?
Selected Answer:
Correct A. Profits of
businesses Correct
Answer:
Correct A. Profits of
businesses Question 5
1 out of 1 points
To maximize profits, a firm should continue to increase production of a
good until: Selected Answer:
Correct C. marginal revenue equals
marginal cost. Correct Answer:
Correct C. marginal revenue equals
marginal cost. Question 6
1 out of 1 points
University of Phoenix MGMT 504 Assessment 1, 2 & 3
test Q&A Updated 2022/2023 Guaranteed SUCCESS
Graded A+
,University of Phoenix MGMT 504 Assessment 1, 2 & 3
test Q&A Updated 2022/2023 Guaranteed SUCCESS
Graded A+
If a producer offers a price that is in excess of a consumer's valuation
of the good, the consumer:
Selected Answer:
Correct B. will refuse to purchase the
good. Correct Answer:
University of Phoenix MGMT 504 Assessment 1, 2 & 3
test Q&A Updated 2022/2023 Guaranteed SUCCESS
Graded A+
, University of Phoenix MGMT 504 Assessment 1, 2 & 3
test Q&A Updated 2022/2023 Guaranteed SUCCESS
Graded A+
Correct B. will refuse to purchase the
good. Question 7
1 out of 1 points
Basic principles that comprise good management
include: Selected Answer:
Correct D. All of the statements associated with this question
are correct. Correct Answer:
Correct D. All of the statements associated with this question are
correct. Question 8
0 out of 1 points
The opportunity cost of an action is the:
Selected Answer:
Incorrect C. cost of all alternative actions that could have been
taken. Correct Answer:
Correct B. value of the most highly valued alternative action
given up. Question 9
1 out of 1 points
Suppose total benefits and total costs are given by B(Y) = 150Y -
10Y2 and C(Y) = 5Y2. What level of Y will yield the maximum net
benefits?
Selected Answer:
Correct C. 5
Correct
University of Phoenix MGMT 504 Assessment 1, 2 & 3
test Q&A Updated 2022/2023 Guaranteed SUCCESS
Graded A+
