Question 1

Which of the following statements about the sources of stakeholder conflict is true?

Options :

A : Different stakeholders have different objectives

B : The various stakeholders have differing degrees of influence

C : Stakeholder conflict only occurs in not-for -profit organizations

D : Stakeholders with high interest sometimes have limited influence

Answer: A

Question 2

The main purpose of government competition policy is to

Options :

A : Prevent mergers between large companies

B : Restrict anti-competitive behavior by firms

C : Limit the ability of firms to secure long run excess profits

D : Enforce competition by breaking up large firms

Answer: B

Question 3

A business sells 10,000 units of its product pet month at a unit price of $10 It reduces the pnce to $88,000 per unit As a result its total reviewed $88,000 per month. What is the price elasticity of demand for this product?

Options :

A : +1.87

B : +0.6

C : -2

D : -0.5

Answer: D

Question 4

Based on the past twenty months, an event decorating company develops a trend equation for forecasting sales revenue (y) where y = 4.38 + 1.32x.

If month 21 has a seasonal factor of times 1.07, then what is the forecast for the month, using a multiplicative model? Give your answer to two decima places.

Options :

A : 34.34

B : 54.54

C : 44.44

D : 64.64

Answer: A

Question 5

Based on historical time series data, a chemicals company uses sales ($million) as the y variable and time (year) as the x variable and equation.

y = - 3935 47 + 2 02x

Using the equation, what is the company's predicted sales for the year 2020? Give your answer to the nearest million.

Options :

A : $15 million

B : $25 million

C : $35 million

D : $45 million

Answer: A