Which of the Following Statements Concerning Economic Models Is False

Which one of the following statements is true regarding the decision-model approach to research. Operations Management questions and answers.

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B The cost of the.

. DThe firms economic profit equals zero. Economic theories will be tested by seeing how well they correspond to real-world phenomena. The Canadian economy is more socialist than is the US economy.

Models are used to simplify a complex interactions in order to allow us to better understand the key concepts. The sum of the holding cost and ordering cost per unit of time is minimized when ordering at the EOQ level. C Economic models are designed so that every detail of the real world can be analyzed.

Which of the following statements concerning economic models is FALSE. B The cost of the lease will depend on the assets residual value which is its book value at the end of the leaseC Leases may allow the lessee to trade in and upgrade the equipment to a newer model at certain points in the lease. Must contain all elements of the real world in.

AMarginal cost equals average total cost. A premise underlying this research approach is that decision-makers may need to be taught how to use information they are unfamiliar with. When the size of the order increases the ordering costs cost of purchasing inspection etc will decrease whereas the inventory carrying costs costs of storage insurance etc will increase.

A Brand loyalty is determined primarily by real differences in competing products. Select ALL correct answers Economic models are unrealistic and therefore do not help us understand the real world. Thus its solutions and inferences are usually transferable to other problems.

Which of the following statements concerning the economic order quantity EOQ model is FALSE. A Economic models are not empirically testable. Simulation is very flexible.

Which of the following is a false statement. Which of the following statements concerning economic models is TRUE. 11 12 Which one of the following statements is TRUE for BOTH perfect competition and.

Crime is a public offense. Which of the following statements concerning capitalism and socialism is false. Government plays a larger role in a capitalist economy.

If the order quantity is large the. Economic models are based on pure fact and no assumptions. 2 The diagram below because all possible gaps in the loop are closed to form the circular loop is not a simplified model.

Which one of the following statements concerning the economic order quantity EOQ model is TRUE. Asked May 2 2017 in Criminal Justice by Allettext. The sum of the holding cost and ordering cost per unit of time is minimized when ordering at the EOQ level.

A a good model must be realistic B in comparing two models the simpler one is better other things equal C models are used to explain and predict human behavior D a model is a simplified representation of the real world. IV One company might depreciate a new computer over three years while another company might depreciate the same model computer over five years and both companies are right. 11 Which of the following is FALSE regarding the long run for a firm in monopolistic competition.

There is more economic planning in a socialist economy. Which of the following statements concerning asset allocation is false. Simulation models are useful for economic order quantity problems with probabilistic Demand and lead time.

The right of enforcement belongs to the state. Fines go to the state. Question 50 0 5 points Which of the following statements regarding the creation of brand loyalty to create and maintain market power is false.

Which of the following statements concerning the economic order quantity EOQ model is FALSE. Are so theoretical that they are almost never useful in making business decisions. An increase in holding cost will increase the EOQ A decrease in demand will increase the EOQ A decrease in holding cost will increase the EOQ None of the above is true.

D Leases may contain buyout options that allow the lessee to purchase the asset before the end of the lease term. This approach has become more important with the rise of empirical research in accounting. The method uses the cost of capital as a fundamental economic benchmark.

B One study showed that in the case of competing beers brand loyalty has relatively little to do with price. Economic models must provide testable predictions. B The predictive power of models is not important.

The holding cost per unit of time is equal to the ordering cost per unit of time when ordering at the EOQ level. III Depreciation expenses reflects an allocation of an assets original cost rather than an allocation based on the economic value that as being consumed. Economies expected to grow at an above-average rate with above-average profit growth should be considered as candidates to overweight in a global portfolio.

Economic Order Quantity EOQ is that size of order which minimizes total annual costs of carrying and cost of ordering. Sweden is more of a socialist economy than is Hong Kong. CPrice exceeds marginal cost.

Which of the following is not true about economic models. The holding cost per unit of time is equal to the ordering cost per unit of time when ordering at the EOQ level. Please label the following statements regarding economic models as true or false.

Economic models are based on pure fact and no assumptions. Multiple Choice The method uses earnings and equity book value numbers as direct inputs in the valuation process. This approach produces results that are generally equivalent to the free cash flow.

Which of the following statements is false regarding the abnormal earnings approach to valuation. Diversification across international boundaries can improve risk-adjusted portfolio returns. BPrice equals average total cost.

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