Thursday, 24 September 2015

UOP PM586 final exam 2015


UOP PM586 final exam 2015

Question
1. In a strong matrix structure, employees take daily direction from:
Project manager only
Both, but the project manager has greater influence
Both, but the functional manager has greater influence
Functional manager only
2. If the schedule variance is positive and the cost variance is negative, the project’s status is:
Over budget and behind schedule
Under budget and ahead of schedule
Over budget and ahead of schedule
Under budget and behind schedule
3. Which category of projects would involve a large number of functional units where the workers may be assigned either part-time or full-time?
Special
Individual
Staff
Matrixed
4. Which type of chart provides the least “predictive” value?
PDM
ADM
PERT
Bar chart
5. Scope creep is generally the result of:
Too much detail in the specifications
Having too many levels in the WBS
Poorly defined SOW
Having the wrong people assigned to the project
6. Which of the following is the role of the PM rather than the role of the functional manager?
Where it will be done
How the work will be done
Who will do it
What work will be done
7. The balance between quality and cost is called:
Produceability
Salability
Availability
Operability
8. The EVMS term that represents the value of work actually accomplished is:
BAC
AC
EV
PV
9. Which of the following would be the first item to be discussed in the initial kickoff meeting for a project?
Understanding of the budget
Understanding of the schedule
Understanding of the requirements
Understanding of the plan
10. Quality is defined by the:
Project team
customer
Project manager
Project sponsor
11. Which of the following people has the greatest influence on how much authority a project manager will possess on a given project?
The project sponsor
The customer
The project manager’s line manager
 
The project manager himself / herself

WKU MKT220 FINAL EXAM FALL 2014 (50 QUESTIONS)


WKU MKT220 FINAL EXAM FALL 2014 (50 QUESTIONS)

QUESTION 1
Of the following choices, which would be the easiest brand name to legally protect?
a.  Western County Distributors
b. Tarzink Yogurt
c. Scout Camping Supplies
d. Sullivan Water Filtering Systems
e. Learn and Grow Daycare
2 points
QUESTION 2
A product mix is best described as
a. all products offered by a firm.
b. many products sold by one firm.
c. a group of closely related products that are considered a unit because of market, technical, or end-use considerations.
d. product, distribution, promotion, and price.
e. all products of a particular type.
2 points
QUESTION 3
To make intangible products more tangible or real to the consumer, marketers often
a. use external reference prices.
b. use symbols or cues to help symbolize product benefits.
c. use multiple channels of distribution.
d. offer more support services with such products.
e. use low prices on intangible goods.
2 points
QUESTION 4
The Anderson Advertising Agency was developing a name for their client’s new paper towel product. They finally settled on the name, “Soaker.” Regarding the factors that marketers consider when selecting a brand name, which one does this best fulfill?
a. Keeping the brand name easy to remember
b. Flexibility to be used in various types of media
c. Indicating the product’s major benefits
d. Using fabricated names that cannot be duplicated
e. Compatibility with other products in the line
2 points
QUESTION 5
Sales usually start to decline during the ____ stage of the product life cycle.
a. beginning of the decline
b. end of the growth
c. beginning of the growth
d. beginning of the termination
e. end of the maturity
2 points
QUESTION 6
Which of the following statements about nonprice competition is false?
a. A firm using nonprice competition can build loyalty to both its company and its products.
b. When using nonprice competition, a company should promote the distinguishing characteristics of its brand.
c. Companies that use nonprice competition do not need to keep track of their competitor’s prices.
d. A company must be able to distinguish its brand through some unique feature in order to successfully engage in nonprice competition.
e. Buyers must view the distinguishing characteristics of a product offered through nonprice competition as being important.
2 points
QUESTION 7
Price is considered to be the variable in the marketing mix that is
a. First to be decided.
b. Least flexible.
c. Most difficult.
d. Last to be decided.
e. Most flexible.
2 points
QUESTION 8
One advantage of nonprice competition is that
a. a firm can build customer loyalty.
b. pricing is no longer a factor.
c. market share becomes less important.
d. a firm can react quickly to competitive efforts.
e. marketing efforts are completely eliminated.
2 points
QUESTION 9
Sony management decided to use skimming as a pricing strategy for its newest line of high-definition television (HDTV) sets. It should be aware that this strategy does not
a. provide flexibility in the introductory base price.
b. reduce the stress that may be placed on the firm’s production capabilities.
c. generate capital to cover research and development costs.
d. protect the firm from covering costs if prices are set too low.
e. discourage competitors from entering the market.
2 points
QUESTION 10
When a company that produces computer printers prices them somewhat low, but the ink required to operate the printer is priced higher per relative usage, it is using
a. penetration pricing.
b. captive pricing.
c. a price leader.
d. bait pricing.
e. price lining.
2 points
QUESTION 11
 
Paid personal communication that seeks to inform customers and persuade them to purchase products in an exchange situation is

MKT571 WEEK 3 QUIZ


MKT571 WEEK 3 QUIZ

1. Some firms might delay the launch of their products until after the competitor has borne the cost of educating the market. Such an entry is called ________ entry.
compensating
balancing
late
strategic pay off
2. Which of the following is the best example of a new-to-the-world product?
Tata Motors, an Indian automobile company, acquires Jaguar to extend its business
Kids-Med, a company that produces childcare products, launches a non-contact thermometer
Pestorica, a publishing company, decides to launch a new sports magazine
Walmart, the retail giant, opens new stores in an underdeveloped African country
3. Marketers must see themselves as benefit providers. For example, when a shopper purchases new shoes, he or she expects the shoes to cover his or her feet and allow him or her to walk unobstructed. This is an example of what level in the consumer-value hierarchy?
Potential product
Basic product
Pure tangible product
Augmented product
4. Which of the following is the level at which the product’s primary characteristics operate?
Conformance quality
Performance quality
Durability
Design
5. When the physical product cannot be easily differentiated, the key to competitive success may lie in adding valued services and improving their quality. The main service differentiators are ordering ease, delivery, installation, ________, customer consulting, maintenance, and repair.
customer training
technology intensity
adaptability
ease of use
6. Which of the following will most help service providers overcome the limitation of intangibility of services when positioning itself?
Cultivating non-peak demand
Working with larger groups
Sharing services
Using brand symbols
7. Product launches include many tasks and often take longer than expected. To coordinate effectively, a planning technique such as ______ can be used.
key path scheduling
task scheduling planner
critical path scheduling
master scheduling
8. The five product levels constitute a ________. At each level more customer value is added.
customer-value hierarchy
demand chain
value grid
business model
9. Which of the following is most closely related with the organic growth of an organization?
Developing new products from within
Increasing the operational profitability
Increasing productivity of employees
Acquiring a product or service brand
10. Most new-product activities are devoted to
introducing backward integration
changing the target markets
improving existing products
 
changing the existing market dynamics

UOP MKT571 WEEK 4 QUIZ


UOP MKT571 WEEK 4 QUIZ

1. What is a simple way to engage in international marketing?
Licensing
Travel abroad
Communications
Cultural attainment
2. Companies are pursuing which objective when they start with prices high and slowly drop them over time?
Market skimming
Market tactics
Focusing on market share
Market pricing
3. Which strategy uses the manufacturer’s advertising, promotion, and other forms of communication to persuade consumers?
Push strategy
Upward strategy
Pull strategy
Downward strategy
4. What type of distribution places the goods or services in as many outlets as possible?
Exclusive distribution
Marketing distribution
Selective distribution
Intensive distribution
5. Which agreements are not necessarily illegal, but they do violate U. S. law if they tend to lessen competition substantially?
Loosening agreements
Promising agreements
Marketing agreements
Tying agreements
6. What is the practice that allows companies to maximize their market share by believing a higher sales volume will lead to lower unit costs and higher long-run profit while assuming the market price is sensitive?
Market skimming
Target pricing
Sensitive pricing
Market-penetration pricing
7. What type of deal takes place when the seller receives some percentage of the payment in cash and the rest in products?
Compensation deal
Free trade
Offset
Barter
8. What type of marketing channel consists of an independent producer, wholesaler(s), and retailer(s)?
Horizontal marketing system
Conventional marketing system
Vertical marketing system
Rectangular marketing system
9. What takes place when dealers purchase some or all of a product line?
Full-line forcing
Forcing by brand
Half-line forcing
Part-line forcing
10. What mode of entry is it when local and foreign investors share ownership and control?
Direct investment
Joint venture
Foreign investment
 
Sole proprietor

UOP Acct 211 Quiz 1

UOP Acct 211 Quiz 1

1. The rule that requires financial statements to reflect the assumption that the business will continue operating instead of being closed or sold, unless evidence shows that it will not continue, is the:
Going-concern assumption.
Business entity assumption.
Objectivity principle.
Cost Principle.
Monetary unit assumption.
2. A partnership:
Is also called a sole proprietorship.
Has unlimited liability for its partners.
Has to have a written agreement in order to be legal.
Is a legal organization separate from its owners.
Has owners called shareholders.
3. The difference between a company’s assets and its liabilities, or net assets is:
Net income.
Expense.
Equity.
Revenue.
Net loss.
4. Which of the following accounting principles prescribes that a company record its expenses incurred to generate the revenue reported?
Going-concern assumption.
Matching principle.
Cost principle.
Business entity assumption.
Consideration assumption.
5. The primary objective of financial accounting is:
To serve the decision-making needs of internal users.
To provide financial statements to help external users analyze an organization’s activities.
To monitor and control company activities.
To provide information on both the costs and benefits of looking after products and services.
To know what, when, and how much to produce.
6. All of the following are true regarding ethics except:
Ethics are beliefs that separate right from wrong.
Ethics rules are often set for CPAs.
Ethics do not affect the operations or outcome of a company.
Are critical in accounting.
Ethics can be hard to apply.
7. Social responsibility:
Is a concern for the impact of our actions on society.
Is a code that helps in dealing with confidential information.
Is required by the SEC.
Requires that all businesses conduct social audits.
Is limited to large companies.
8. The accounting principle that requires accounting information to be based on actual cost and requires assets and services to be recorded initially at the cash or cash-equivalent amount given in exchange, is the:
Accounting equation.
Cost principle.
Going-concern assumption.
Realization principle.
Business entity assumption.
9. All of the following regarding a Certified Public Accountant are true except:
Must meet education and experience requirements.
Must pass an examination.
Must exhibit ethical character.
May also be a Certified Management Accountant.
Cannot hold any certificate other than a CPA.
10. Decreases in equity that represent costs of assets or services used to earn revenues are called:
Liabilities.
Equity.
Withdrawals.
Expenses.
Owner’s Investment.
11. The record in which transactions are first recorded is the:
Account balance.
Ledger.
Journal.
Trial balance.
Cash account.
12. A collection of all accounts and their balances used by a business is called a:
Journal.
Book of original entry.
General Journal.
Balance column journal.

Ledger.

UOP Acct 211 Quiz 1

Strayer Phil210 week 7 quiz 2


Strayer Phil210 week 7 quiz 2

Question
Question 1
Every member of the Delta Club is over 70 years old. Therefore, the Delta Club must be over 70 years old.
Answer
Ignorance
Composition
Authority
Circular reasoning
5 points
Question 2
The idea that black people in this country live in poverty is ridiculous. Look at Bill Cosby. He’s a millionaire. And so are Denzel Washington and Oprah Winfrey.
Answer
Division
Hasty generalization
False Analogy
Composition
5 points
Question 3
No one has ever proved that the human fetus is not a person with rights. Therefore, abortion is morally wrong.
Answer
Ignorance
Composition
Authority
Circular reasoning
5 points
Question 4
If someone rents a piece of land and plants crops on it, the landlord is never permitted to come and take those crops for himself when harvest time arrives. Similarly, if couples enlist the services of a surrogate mother to provide them with a baby, the mother should never be allowed to welch on the deal and keep the baby for herself once it is born.
Answer
Division
False analogy
Equivocation
No fallacy
5 points
Question 5
The farmers of our state have asked that we introduce legislation to provide subsidies for soybeans. Unfortunately, we will have to turn down their request. If we give subsidies to the soybean farmers, then the corn and wheat growers will ask for the same thing. Then it will be the cotton growers, citrus growers, truck farmers, and cattle raisers. In the end, the cost will be astronomical.
Answer
Authority
Circular reasoning
Genetic
Slippery slope
5 points
Question 6
Terrorists from the Middle East have crossed our borders and traveled through the country at will. Obviously the Immigration Service has not been doing its job.
Answer
Circular reasoning
Post hoc ergo propter hoc
Authority
Slippery slope
5 points
Question 7
Motives and desires exert forces on people, causing them to choose one thing over another. But force is a physical quantity, governed by the laws of physics. Therefore, human choices are governed by the laws of physics.
Answer
Division
False analogy
Equivocation
No fallacy
5 points
Question 8
When a car breaks down so often that repairs become pointless, the car is thrown on the junk heap. Similarly, when a person becomes old and diseased, he or she should be mercifully put to death.
Answer
Division
Hasty generalization
False Analogy
Composition
5 points
Question 9
All persons act in order that they might get pleasure. Even so-called altruistic persons who help others so much that they do almost nothing for themselves get pleasure out of giving. Otherwise, they wouldn’t do it. Suppose a person hits himself over the head with a hammer. He must get pleasure from it, because why else would he do it if he didn’t get pleasure from it?
Answer
Circular reasoning
Composition
Either/Or Fallacy
Post hoc ergo propter hoc
5 points
Question 10
Televangelist Jerry Falwell said that God’s anger with feminism led to the destruction of the World Trade Center. Given Falwell’s closeness to God, we have no alternative than to blame the feminists for this atrocity.
Answer
Ignorance
Composition
Authority
Circular reasoning
5 points
Question 11
Of course animals have rights. Just look at how powerless they are in comparison with modern humans.
Answer
Ignorance
Composition
Authority
Circular reasoning
 
5 points 

STRAYER BUS430 QUIZ 1


STRAYER BUS430 QUIZ 1

Question 1
Service organizations generally
are in close proximity to the customer
rely on physical inventory
take advantage of patents
can delegate human behavior and marketing skills
Question 2
Which one of the following has the highest goods content?
medicine prescription
computer repair
automobile loan
symphony performance
Question 3
The quality revolution is most related to
continuous improvement
mass production
time-based competition
service
Question 4
A golf simulator in a retail sports store is an example of
non- durable goods replacing services
primary good
goods content
biztainment
 
Question 5
Service management skills would include all of the following except
accounting and finance
knowledge and technical expertise about operations
marketing and cross-selling
human interaction
Question 6
The three issues that are at the core of operations management include all of the following except
cost
quality
utilization
efficiency
Question 7
Which of the following would be the lowest in goods content and highest in service content?
fast food restaurant
attending a theater production
getting an oil change for your car
filling a medical prescription
Question 8
Support processes would typically include all of the following except
inventory management
customer help desk operations
research and development
manufacturing and assembly
 
Question 9
A support process could be any of the following except
assembling automobiles
purchasing materials and supplies
managing inventory
installing a product
Question 10
Which of the following is not a key activity of an operations manager?
translating market knowledge into goods, services, and processes
continually learning and adapting to global and environmental changes
managing cash flows and strategic investments
exploiting technology to improve productivity
Question 11
A value creation process could be any of the following except
Answer
shipping a customer’s order
providing a home mortgage
assembling a dishwasher
purchasing production material
 
Moving to another question will save this response.

Strayer Mkt Quiz 4


Strayer Mkt Quiz 4

Question
Question 1
Questions such as “How often would you buy this product?” and “Which features are of little or no interest to you?” are often proposed during
a) concept testing.
b) product development.
c) screening.
d) idea generation.
e) test marketing.
6 out of 6 points
Correct
Question 2
The main characteristic of a ____ is that customers are satisfied to the point that they use a service repeatedly over a period of time.
a) service relationship
b) professional marketer
c) high-contact service
d) heterogeneous service
e) client-based relationship
6 out of 6 points
Correct
Question 3
Three major ways in which marketers engage in product differentiation are
a) product quality, product design and features, and product support services.
b) product quality, product support services, and packaging.
c) product support services, product design and features, and product positioning.
d) product positioning, product quality, and product management.
e) product positioning, product design and features, and product promotion.
6 out of 6 points
Correct
Question 4
During which stage of new-product development does the firm consider profitability?
a) Idea generation
b) Testing
c) Business analysis
d) Product development
e) Compatibility research
6 out of 6 points
Correct
Question 5
The degree to which the price of a product enhances a customer’s satisfaction with the purchase experience and with the product after the purchase is part of their
a) response.
b) reference.
c) interpretation.
d) price satisfaction.
e) price-consciousness.
6 out of 6 points
Correct
Question 6
What do all of the following have in common: tuition, fee, premium, retainer, dues?
a) They all must be paid in cash.
b) They are forms of exchange similar to, but not identical with, money.
c) They are forms of exchange similar to, but not identical with, barter.
d) They are different terms for the concept of price.
e) They have nothing in common.
6 out of 6 points
Correct
Question 7
When marketers emphasize price as an issue and match or beat the prices of other companies, they are using
a) price competition.
b) nonprice competition.
c) comparative pricing strategies.
d) demand-based pricing.
e) supply-based pricing.
6 out of 6 points
Correct
Question 8
What a price means or what it communicates to customers is called
a) reference.
b) response.
c) interpretation.
d) internalization.
e) signaling.
6 out of 6 points
Correct
Question 9
When a company prices one item in a line low with the intention of selling a higher-priced item in the same line, it is using
a. bait pricing.
b. a price leader.
c. penetration pricing.
d. price lining.
d. captive pricing.
6 out of 6 points
Correct
Question 10
A firm establishes which of the following pricing objectives to maintain or increase its product’s sales in relation to total industry sales?
a. Cash flow
b. Sales potential
c. Product quality
d. Market share
d. Status quo
6 out of 6 points
Correct
Question 11
Price leaders, comparison discounting, and special-event pricing are applications of
a. psychological pricing.
b. professional pricing.
c. product-line pricing.
d. bait-and-switch.
e. promotional pricing.
6 out of 6 points
 
Correct 

Strayer MKT100 week 11 quiz


Strayer MKT100 week 11 quiz

Question
Question 1
Questions such as “How often would you buy this product?” and “Which features are of little or no interest to you?” are often proposed during
a) concept testing.
b) product development.
c) screening.
d) idea generation.
e) test marketing.
6 out of 6 points
Correct
Question 2
The main characteristic of a ____ is that customers are satisfied to the point that they use a service repeatedly over a period of time.
a) service relationship
b) professional marketer
c) high-contact service
d) heterogeneous service
e) client-based relationship
6 out of 6 points
Correct
Question 3
Three major ways in which marketers engage in product differentiation are
a) product quality, product design and features, and product support services.
b) product quality, product support services, and packaging.
c) product support services, product design and features, and product positioning.
d) product positioning, product quality, and product management.
e) product positioning, product design and features, and product promotion.
6 out of 6 points
Correct
Question 4
During which stage of new-product development does the firm consider profitability?
a) Idea generation
b) Testing
c) Business analysis
d) Product development
e) Compatibility research
6 out of 6 points
Correct
Question 5
The degree to which the price of a product enhances a customer’s satisfaction with the purchase experience and with the product after the purchase is part of their
a) response.
b) reference.
c) interpretation.
d) price satisfaction.
e) price-consciousness.
6 out of 6 points
Correct
Question 6
What do all of the following have in common: tuition, fee, premium, retainer, dues?
a) They all must be paid in cash.
b) They are forms of exchange similar to, but not identical with, money.
c) They are forms of exchange similar to, but not identical with, barter.
d) They are different terms for the concept of price.
e) They have nothing in common.
6 out of 6 points
Correct
Question 7
When marketers emphasize price as an issue and match or beat the prices of other companies, they are using
a) price competition.
b) nonprice competition.
c) comparative pricing strategies.
d) demand-based pricing.
e) supply-based pricing.
6 out of 6 points
Correct
Question 8
What a price means or what it communicates to customers is called
a) reference.
b) response.
c) interpretation.
d) internalization.
e) signaling.
6 out of 6 points
Correct
Question 9
When a company prices one item in a line low with the intention of selling a higher-priced item in the same line, it is using
a. bait pricing.
b. a price leader.
c. penetration pricing.
d. price lining.
d. captive pricing.
6 out of 6 points
Correct
Question 10
A firm establishes which of the following pricing objectives to maintain or increase its product’s sales in relation to total industry sales?
a. Cash flow
b. Sales potential
c. Product quality
d. Market share
d. Status quo
6 out of 6 points
Correct
Question 11
Price leaders, comparison discounting, and special-event pricing are applications of
a. psychological pricing.
b. professional pricing.
c. product-line pricing.
d. bait-and-switch.
e. promotional pricing.
6 out of 6 points
 
Correct 

Strayer LEG320 Week 5 Quiz


Strayer LEG320 Week 5 Quiz

CHAPTER 8
CRIMINAL PUNISHMENTS
MULTIPLE CHOICE
1. The Sixth Amendment requires that factual findings made for the purpose of enhancing a sentence must be made by a
a. jury
b. judge
c. prosecuting attorney
d. defense attorney
2. In Ring v. Arizona,536 U.S. 584 (2002), the Court held that a state capital sentencing procedure that permitted the sentencing judge to make the factual determination of the aggravating and mitigating circumstances present
a. violated the Sixth Amendment’s right of trial by jury
b. violated the Sixth Amendment’s right of trial by judge
c. violated the Sixth Amendment’s right to a speedy trial
d. violated the Eight Amendment’s right to freedom from cruel and unusual punishment
3. In Blakely v. Washington, the Supreme Court held the sentence was invalid under the Sixth Amendment, because the defendant was entitled to a jury trial on the facts supporting the finding that he acted with
a. deliberate cruelty
b. deliberate indifference
c. deliberate apathy
d. deliberate malice
4. In Booker,the Court held that under the holdings of Apprendiand Blakeley,the Federal Sentencing Guidelines violated the Sixth Amendment’s right to
a. jury trials in criminal cases
b. speedy trials in criminal cases
c. fair trials in criminal cases
d. an attorney in criminal cases
5. The Federal Sentencing Guidelines are
a. no longer mandatory
b. no longer discretionary
c. no longer applicable
d. no longer fair
6. The name given to the test used to determine whether a sentence constitutes cruel and unusual punishment is
a. balancing
b. scales of justice
c. proportionality
d. moderation
7. In the 1972 case of Furman v. Georgia,death penalty laws in all states were struck down as
a. “arbitrary and capricious” by the U.S. Supreme Court
b. “arbitrary and changeable” by the U.S. Supreme Court
c. “random and capricious” by the U.S. Supreme Court
d. “arbitrary and illogical” by the U.S. Supreme Court
8. In Ingraham v. Wright, the Supreme Court considered the relationship between the cruel and unusual punishment clause and the use of corporal punishment in
a. public schools
b. prisons
c. the work place
 
d. private schools

Strayer MKT 100 Week 9 Quiz 3 (latest 2014)


Strayer MKT 100 Week 9 Quiz 3 (latest 2014)

Question 1
People’s needs to grow, develop, and achieve their full potential are referred to by Maslow as ____ needs.
Answer
ego
esteem
self-actualization
social
safety
Question 2
After certain inputs have been selected to reach an individual’s awareness, the next step in the perceptual process is perceptual
Answer
organization.
attention.
retention.
interpretation.
redefinition.
Question 3
Consumers tend to remember information inputs that support their feelings and beliefs and forget inputs that do not. This is known as selective
Answer
exposure.
distortion.
retention.
information.
organization.
Question 4
Changes in an individual’s thought processes and behavior caused by information and experience is called
Answer
learning.
attitude formation.
patronage motives.
personality.
motivation.
Question 5
Business markets are typically divided into four categories. These categories are
Answer
retailers, wholesalers, services, and nonprofit firms.
producer, manufacturer, reseller, and government.
producer, reseller, government, and institutional.
manufacturer, wholesaler, retailer, and services.
reseller, retailer, government, and institutional.
Question 6
Churches, charitable organizations, and private colleges are considered ____ buyers.
Answer
corporate
government
institutional
producer
nonprofit
Question 7
____ is(are) a major threat to the sales success of jointly demanded products.
Answer
Price changes
Shortages
Economic instability
Inventory buildup
Proliferation of brands
Question 8
Inelastic demand simply means that
Answer
buyers will not make a modified rebuy purchase.
demand depends on how many items are purchased.
a price increase or decrease will not significantly change the demand for an item.
when price goes up, demand goes down.
when supply is reduced, the price will increase.
Question 9
The Common Market of the Southern Cone (MERCOSUR) includes countries from
Answer
Africa.
Asia.
Central America.
South America.
the Pacific Islands.
Question 10
The purchase of products from a foreign source is called
Answer
exporting.
dumping.
importing.
licensing.
 
venturing.

Strayer FIN540 Week 5 Midterm Exam


Strayer FIN540 Week 5 Midterm Exam

TRUE/FALSE
1. If its managers make a tender offer and buy all shares that were not held by the management team, this is called a private placement.
a. True
b. False
2. Going public establishes a market value for the firm’s stock, and it also ensures that a liquid market will continue to exist for the firm’s shares. This is especially true for small firms that are not widely followed by security analysts.
a. True
b. False
3. The cost of meeting SEC and possibly additional state reporting requirements regarding disclosure of financial information, the danger of losing control, and the possibility of an inactive market and an attendant low stock price are potential disadvantages of going public.
a. True
b. False
4. The term “leaving money on the table” refers to the situation where an investment banking house makes a very low bid for the right to underwrite a firm’s new stock offering. The banker is, in effect, “buying the job” with the low bid and thus not getting all the money his firm would normally earn on the job.
a. True
b. False
5. Whereas commercial banks take deposits from some customers and make loans to other customers, the principal activities of investment banks are (1) to help firms issue new stock and bonds and (2) to give firms advice with regard to mergers and other financial matters. However, financial corporations often own and operate subsidiaries that operate as commercial banks and others that are investment banks. This was not true some years ago, when the two types of banks were required by law to be completely independent of one another.
a. True
b. False
6. The term “equity carve-out” refers to the situation where a firm’s managers give themselves the right to purchase new stock at a price far below the going market price. Since this dilutes the value of the public stockholders, it “carves out” some of their value.
a. True
b. False
7. Suppose a company issued 30-year bonds 4 years ago, when the yield curve was inverted. Since then long-term rates (10 years or longer) have remained constant, but the yield curve has resumed its normal upward slope. Under such conditions, a bond refunding would almost certainly be profitable.
a. True
b. False
8. The appropriate discount rate to use when analyzing a refunding decision is the after-tax cost of new debt, in part because there is relatively little risk of not realizing the interest savings.
a. True
b. False
9. If the firm uses the after-tax cost of new debt as the discount rate when analyzing a refunding decision, and if the NPV of refunding is positive, then the value of the firm will be maximized if it immediately calls the outstanding debt and replaces it with an issue that has a lower coupon rate.
a. True
b. False
10. When a firm refunds a debt issue, the firm’s stockholders gain and its bondholders lose. This points out the risk of a call provision to bondholders and explains why a non-callable bond will typically command a higher price than an otherwise similar callable bond.
a. True
b. False
MULTIPLE CHOICE
11. Which of the following is generally NOT true and an advantage of going public?
a.       Increases the liquidity of the firm’s stock.
b.      Makes it easier to obtain new equity capital.
c.       Establishes a market value for the firm.
d.      Makes it easier for owner-managers to engage in profitable self-dealings.
e.       Facilitates stockholder diversification.
12. Which of the following statements about listing on a stock exchange is most CORRECT?
a.       Any firm can be listed on the NYSE as long as it pays the listing fee.
b.      Listing provides a company with some “free” advertising, and it may enhance the firm’s prestige and help it do more business.
c.       Listing reduces the reporting requirements for firms, because listed firms file reports with the exchange rather than with the SEC.
d.      The OTC is the second largest market for listed stock, and it is exceeded only by the NYSE.

e.       Listing is a decision of more significance to a firm than going public.

STRAYER HUM111 WEEK 2 QUIZ 1 FALL 2015


STRAYER HUM111 WEEK 2 QUIZ 1 FALL 2015

Question 1
4 out of 4 points
Correct
According to our text, what did the Hebrews believe their status as “chosen people” meant?
Question 2
4 out of 4 points
Correct
Which of the following pairs correctly identifies the subjects illustrated on the Royal Standard of Ur?
Question 3
4 out of 4 points
Correct
How did the Mesopotamians view human society?
Answer
Question 4
4 out of 4 points
Correct
What classic struggle do Gilgamesh and Enkidu represent?
Answer
Question 5
4 out of 4 points
Correct
What about the Royal Standard of Ur illustrates social perspective or hierarchy of scale?
Answer
Question 6
4 out of 4 points
Correct
Why did the Egyptians bury their dead on the west side of the Nile?
Answer
Question 7
4 out of 4 points
Correct
Why did the Egyptian sculptors idealize rulers in their sculptures?
Answer
Question 8
4 out of 4 points
Correct
What radical change in Egyptian religion did Amenhotep IV (Akhenaten) decree?
Answer
Question 9
4 out of 4 points
Correct
What creature, part crocodile, part lion, and part hippopotamus, would devour the unworthy deceased at the final judgment?
Answer
Question 10
4 out of 4 points
Correct
Why is Nebamun Hunting Birds a sort of visual pun?
Answer

Strayer FIn100 week 5 quiz 3


Strayer FIn100 week 5 quiz 3

1. Which of the following will only be executed if the order’s price conditions are met?
An unlimited order
A trade
A limit order
A spread
2. A 5.5 percent corporate coupon bond is callable in four years for a call premium of one year of coupon payments. Assuming a par value of $1,000, what is the price paid to the bondholder if the issuer calls the bond? (Assume annual interest payments.)
$220
$1,055
$1,000
$55
3. Which of the following terms is the chance that the bond issuer will not be able to make timely payments?
Interest rate risk
Liquidity of interest rate risk
Term structure of interest rates
Credit quality risk
4. Which of the following is a true statement?
If interest rates fall, corporate bonds will have decreasing values.
If interest rates fall, U.S. Treasury bonds will have decreasing values.
If interest rates fall, no bonds will enjoy rising values.
If interest rates fall, all bonds will enjoy rising values.
5. At your discount brokerage firm, it costs $9.95 per stock trade. How much money do you need to buy 100 shares of Ralph Lauren (RL), which trades at $85.13?
$8,522.95
$8,503.00
$9,508.00
$8,503.05
6. As residual claimants, which of these investors claim any cash flows to the firm that remain after the firm pays all other claims?
Common stockholders
Preferred stockholders
Creditors
Bondholders
7. You would like to sell 100 shares of Pfizer, Inc. (PFE). The current bid and ask quotes are $27.22 and $27.25, respectively. You place a limit sell-order at $27.24. If the trade executes, how much money do you receive from the buyer?
$5,446.00
$2,724.00
$2,725.00
$2,722.00
8. A fast growing firm recently paid a dividend of $0.50 per share. The dividend is expected to increase at a 25 percent rate for the next 3 years. Afterwards, a more stable 12 percent growth rate can be assumed. If a 15 percent discount rate is appropriate for this stock, what is its value?
$22.62
$5.00
$36.46
$25.75
9. Consider the following three bond quotes; a Treasury note quoted at 87:25, and a corporate bond quoted at 102.42, and a municipal bond quoted at 101.45. If the Treasury and corporate bonds have a par value of $1,000 and the municipal bond has a par value of $5,000, what is the price of these three bonds in dollars?
$877.81, $1,024.20, $5,072.50, respectively
$872.50, $1,000, $1,000, respectively
$1000, $1,000, $1,000, respectively
$1,000, $1,024.20, $1,001.45, respectively
10. Which of the following terms is a comparison of market yields on securities, assuming all characteristics except maturity are the same?
Credit quality risk
Liquidity of interest rate risk 
Term structure of interest rates
Interest rate risk
11. Which of the following is a legal contract that outlines the precise terms between the issuer and the bondholder?
Debenture
Enforcement codes
Prospectus      
Indenture
12. Which of the following is a debt security whose payments originate from other loans, such as credit card debt, auto loans, and home equity loans?
Credit quality securities
Junk bonds
Asset-backed securities
Debentures
13.The Dow Jones Industrial Average (DJIA) includes:
500 firms that are the largest in their respective economic sectors.
all of the stock listed on the New York Stock Exchange.
30 of the largest (market capitalization) and most active companies in the U.S. economy.
 
500 firms that are the largest as ranked by Fortune Magazine.

Strayer FIn100 week 6 quiz


Strayer FIn100 week 6 quiz

1. Which of these is a measure summarizing the overall past performance of an investment?
Average return
Dollar return
Market return 
Percentage return
2. Which of the following is the reward investors require for taking risk?
Market risk premium
Required return
Risk-free rate
Risk premium
3. Which of the following is defined as the volatility of an investment, which includes firm specific risk as well as market risk?
Market risk
Total risk
Diversifiable risk
Standard deviation
4. Which of these is the set of probabilities for all possible occurrences?
Market probabilities
Probability distribution
Probability
Stock market bubble
5. Which of these is the investor’s combination of securities that achieves the highest expected return for a given risk level?
Efficient portfolio
Total portfolio
Optimal portfolio
Modern portfolio
6. To find the percentage return of an investment:
divide the dollar return by the investment’s value at the beginning of the period.
multiply the dollar return by the investment’s value at the beginning of the period.
multiply the dollar return by the investment’s value at the end of the period.
divide the dollar return by the investment’s value at the end of the period.
7. Which of the following is an index that tracks 500 companies, which allows for a great deal of diversification?
Fortune 500
Wall Street Journal
Nasdaq
S&P 500
8. Which of these is the line on a graph of return and risk (standard deviation) from the risk-free rate through the market portfolio?
Efficient market line
Capital market line
Efficient market hypothesis
Capital asset pricing line
9. Which of the following is a model that includes an equation that relates a stock’s required return to an appropriate risk premium?
Efficient markets
Beta
Behavioral finance
Asset pricing
10. Which of the following is data that includes past stock prices and volume, financial statements, corporate news, analyst opinions, etc.?
Generally accepted accounting principles
Public information
Privately held information
Audited financial statements
11. Which of the following are the stocks of small companies that are priced below $1 per share?
Penny stocks
Hedge fund stocks
Bargain stocks
 
Stock market bubble stocks

Strayer Fin100 week 3 quiz (100% Answer)


Strayer Fin100 week 3 quiz (100% Answer)

Question 1
1. The holding-company device to control two or more commercial banks:
Answer
has diminished in importance in recent years
has increased in importance in recent years
is limited to state chartered banks
is sometimes described as chain banking
2 points
Question 2
The Federal Deposit Insurance Corporation Improvement Act of 1991:
Answer
transferred the reserves and functions of the Federal Savings and Loan Insurance Corporation to the FDIC
required that failed banks be handled in such a way as to provide the lowest cost to the FDIC
increased federal deposit insurance from $40,000 to $100,000 for each account
extended federal deposit insurance to S&L depositors
2 points
Question 3
The Monetary Control Act:
Answer
extended the Fed’s control to thrift institutions and non-member commercial banks
has resulted in more competition among depository institutions
increased federal deposit insurance from $40,000 to $80,000 for each account
established minimum capital requirements for banks with federal charters
2 points
Question 4
The item on the assets side of a bank’s balance sheet that represents the largest proportion of bank assets is:
Answer
Deposits
owner’s capital           
securities
loans
2 points
Question 5
The item on the liabilities and equity section of a bank’s balance sheet that represents the largest proportion of a typical bank’s assets is:
Answer
deposits
owner’s capital
securities
federal funds
2 points
Question 6
The item on the liabilities and equity section of a bank’s balance sheet that represents the smallest proportion of bank’s assets is:
Answer
deposits
owner’s capital
securities
federal funds
2 points
Question 7
An organization that sells or markets new securities issued by businesses to individuals and institutional investors is called a (n)
Answer
mutual fund
investment bank
insurance company
brokerage firm
2 points 
Question 8
The primary purpose of this Act was to aid the savings and loan industry
Answer
Garn–St. Germain Depository Institutions Act
Glass-Steagall Act
Hunt Commission legislation
Depository Institutions Deregulation and Monetary Control Act                 
2 points
Question 9
An organization that sells shares in their firms to individuals and others and invests the proceeds in corporate and government securities is called a (n)
Answer
investment company
investment bank
insurance company
brokerage firm
2 points
Question 10
An organization that received contributions from employees and/or their employers and invests the proceeds on behalf of the employees for use during their retirement years is called a (n)
Answer
mutual fund
savings bank
pension fund
retirement fund
2 points
Question 11
The __________________, passed in 1968, requires the clear explanation of consumer credit costs and garnishment procedures (taking wages or property by legal means) and prohibits overly high-priced credit transactions.
Answer
Consumer Credit Expansion Act
Credit Growth Act
Consumer Credit Protection Act
Consumer Safety Act
 
2 points

STRAYER FIN 100 Quiz 1 ( 2014 )


STRAYER FIN 100 Quiz 1 ( 2014 )

Question 1
Finance has its origins in:
Answer 
a. economics and statistics
b. accounting and sociology
c. accounting and economics
d. psychology and mathematics
Question 2
Successful businesses typically progress through a series of life-cycle stages—from the idea stage to exiting the business; these five stages include the:
Answer 
a. development stage, startup stage, survival stage, rapid growth stage, and maturity stage. 
b. idea stage, design stage, operating stage, rebuilding stage, and decline stage
c. development stage, operating stage, rebuilding stage, rapid growth stage, and maturity stage
d. idea stage, startup stage, rapid growth stage, survival stage, and decline stage
Question 3
The theory of ___________________ implies that information is quickly embedded in prices making it difficult for investors to “beat the market.”
Answer 
a. stock investing
b. efficient markets
c. portfolio management
d. asset allocation
e. none of the above
Question 4
Two risk assets can be combined to lower the overall risk of a portfolio. This principle is commonly referred to as
Answer 
a.  blending
b.  asset allocation
c.  diversification
d.  portfolio segmentation
e.  none of the above
Question 5
____________________ provide the record-keeping mechanism for showing ownership of the financial instruments used in the flow of financial funds between savers and borrowers and record revenues, expenses, and profitability of organizations that produce and exchange goods and services.
Answer 
a. Financial Managers
b. Accountants
c. Operations Managers
d. Statisticians
e. none of the above
Question 6
Maximizing _____________________ is accomplished through effective financial planning and analysis, asset management, and the acquisition of financial capital.
Answer 
a.  the value of perquisites.
b.  the owners’ wealth.
c.  the firm’s profits
d.  the firm’s earnings
e. none of the above
Question 7
Finance is:
Answer 
a. the study of how individuals, institutions, governments, and businesses acquire, spend, and manage money and other financial assets
b. the study of how businesses acquire, spend, and manage money and other financial assets
c. the study of how governments, and businesses acquire, spend, and manage money and other financial assets
d. none of the above
Question 8
______________ is the study of how individuals prepare for financial emergencies, protect against premature death and the loss of property, and accumulate wealth over time.
Answer 
a. Personal finance
b. Corporate finance
c. Entrepreneurial finance
d. Investment banking
e. none of the above
Question 9
The primary securities markets are
Answer 
a. the markets for previously issued securities such as the New York Stock Exchange
b. the markets where financial assets such as stocks and bonds are initially issued
c. the three most important financial markets in any economy
d. the markets for stocks and bonds only
Question 10
The primary goal of the financial manager of a profit-seeking organization is to:
Answer 
a. maximize market share
b. maximize the owners’ wealth
c. increase sales and profit
d. have healthy cash flow
Question 11
______________________ is the sum of an individual’s money, real assets, and financial assets or claims against others less the individual’s debt obligations.

Strayer FIn100 week 2 quiz (A++++ answer)


Strayer FIn100 week 2 quiz (A++++ answer)

Question 1
1. A basic requirement for an effective financial system is a monetary system that performs which of the following financial functions?
Answer
formation and transferring of money
storing gold and silver to back up money
creating jobs
transferring real assets
2 points
Question 2
____________________ in business involves making decisions relating to the efficient use of financial resources in the production and sale of goods and services.
Answer
Financial management
Financial economics
Investment management
Asset allocation
2 points
Question 3
An area of finance that refers to the physical locations or electronic forums that facilitate the flow of funds among investors, businesses, and governments is called:
Answer
financial management
investments
financial institutions
financial markets
2 points
Question 4
The financial environment:
Answer
encompasses the financial markets and global interactions that contribute to an efficiently operating economy.
encompasses the financial institutions and financial markets that contribute to an efficiently operating economy.
encompasses the financial system, financial institutions, financial markets, business firms, individuals, and global interactions that contribute to an efficiently operating economy.
none of the above.
2 points
Question 5
The theory of ___________________ implies that information is quickly embedded in prices making it difficult for investors to “beat the market.”
Answer
stock investing
efficient markets
portfolio management
asset allocation
2 points
Question 6
________________ involves making decisions relating to issuing and investing in stocks and bonds.
Answer
Financial economics
Financial management
Investment management
Asset allocation
2 points
Question 7
The primary goal of the financial manager of a profit-seeking organization is to:
Answer
maximize market share
maximize the owners’ wealth
increase sales and profit
have healthy cash flow
2 points
Question 8
An area of finance that involves the study of organizations or intermediaries that help the financial system operate efficiently and transfer funds from savers and investors to individuals, businesses, and governments that seek to spend or invest the funds in physical assets (inventories, buildings, and equipment) is called:
Answer
financial management
investments
financial institutions
financial markets
2 points
Question 9
____________________ provide the record-keeping mechanism for showing ownership of the financial instruments used in the flow of financial funds between savers and borrowers and record revenues, expenses, and profitability of organizations that produce and exchange goods and services.
Answer
Financial Managers
Accountants
Operations Managers
Statisticians
2 points
Question 10
Rational investors would consider an investment in a risky business venture only if they feel the expected return is high enough to justify the
Answer
greater risk.
higher cost.
longer useful life.
more complex designs.
 
2 points

Strayer ECO301 week 2 quiz (100% Answer)


Strayer ECO301 week 2 quiz (100% Answer)

Question 1
Let QD= -5P + 54 and QS= P – 6. Equilibrium can be found at
Answer
Question 1
Let QD= -5P + 54 and QS= P – 6. Equilibrium can be found at
Answer
Q = 4; P = 10
Q = 6; P = 10
P = 6; Q = 0
Q =; P = 2
5 points
Question 2
Suppose a production possibilities frontier can be expressed as 9X2+ Y2= 81 what is the opportunity cost of going from 1 unit of X to 2 units of X (in terms of units of Y)?
Answer
a. 45 
b. sqrt of 45 
c. sqrt of 72 – sqrt of 45 
d. 1
5 points
Question 3
The Ricardian notion that of diminishing returns implies that
Answer
As more input is used more output will be made.
As more input is used less output will be made.
As more input is used the increase in output will increase.
As more input is used the increase in output will decrease.
5 points
Question 4
Suppose the equilibrium quantity is
Answer
2
3
4
5
5 points
Question 5
If the production possibilities frontier can be expressed as 4X2+ Y2= 16 then the point X = 1; Y = 4 is
Answer
outside the production possibilities frontier
on the production possibilities frontier
inside the production possibilities frontier
in the wrong quadrant to be on the graph
5 points
Question 6
If society is producing a combination of goods on its production possibilities frontier
Answer
it must be employing all available resources.
it must be growing.
it is using all the available natural resources but may not be using all available labor resources.
Both a and b.
5 points
Question 7
Suppose right (R) and left (L) shoes are only useful if produced in equal proportion and societal happiness is expressed as min(R,L). The contour lines would be
Answer
downward sloping lines                               
upward sloping lines                                     
L-shaped
backward L-shaped
5 points
Question 8
IfY=X2+Z2, the contour lines
Answer
are concentric circles.
are parabolas.
are hyperbolas.
intersect whenever either X or Z is zero.
5 points
Question 9
Suppose you can write generic supply and demand curves such that QS= A + BP and QD= D + CP. Equilibrium price is given by
Answer
5 points
Question 10
The underlying reason early economists believed a (short-run) supply curve would be upward sloping is because of
Answer
decreasing average costs                              
increasing average cost                                 
decreasing marginal costs
increasing marginal costs
5 points
Question 11
If an individual has a constant MRS of shoes for sneakers of 3/4 (that is, he or she is always willing to give up 3 pairs of sneakers to get 4 pairs of shoes) then, if sneakers and shoes are equally costly, he or she will
Answer
buy only sneakers.
buy only shoes.
spend his or her income equally on sneakers and shoes.
wear sneakers only 3/4 of the time.
5 points
Question 12
Suppose a cup of coffee at the campus coffee shop is $2.50 and a cup of hot tea is $1.25. Suppose a student’s beverage budget is $20 per week. What is the algebraic expression of the budget?
Answer
5 points

BSA 375/BSA375 WEEK 2 INDIVIDUAL ASSIGNMENT SERVICE REQUEST- PART 1 PAPER


BSA 375/BSA375 WEEK 2 INDIVIDUAL ASSIGNMENT SERVICE REQUEST- PART 1 PAPER

BSA 375/BSA375 WEEK 2 INDIVIDUAL ASSIGNMENT SERVICE REQUEST- PART 1 PAPER
This tutorial contains the Individual Assignment for week 2 of BSA/375 Fundamental of Bussiness System Development class.
Analyze HR System Paper – Part 1 (Individual Assignment)
Complete the first section of the final paper due in Week Four. Using the Service Request SR-rm-004, “Analyze HR System,” prepare a 1400 to 2100 word portion that accomplishes the following:
Describe the information-gathering techniques and design methods you would propose to use for the project. 
Identify the key factors that will help ensure the information required for the project is gathered successfully.
Explain the scope and feasibility of the project.
Cite and discuss 3-4 references, in addition to the required readings, that are relevant to the assignment. Be sure to include citations and references using the University of Phoenix approved style guide format.  Note that these should be from strong sources, not those like Wikipedia and other such sources.  These should also be outside the course text.  I expect you to do research for these, not just reference the readings.  You should have references to any material you use, regardless of the source, but you must have at least 3 to 4 solid references from good outside sources.
You should put all your findings into the form of a full APA paper. Your introduction should preview the content in the paper at a high level and your conclusion should summarize the findings of the paper. The body should go into all the elements required by the assignment.
 
This portion of the paper should run about 1400 to 2100 words; though I will be grading for how clear, concise and complete you are rather than on the exact number of words used. You should also use section headers to properly mark the different portions of your paper. These should conform to the APA standard. A single paragraph each is the appropriate length for the introduction and conclusion for a paper of this length.

Eco 550 Midterm Exam Part 1 & 2 (50 Questions)


Eco 550 Midterm Exam Part 1 & 2 (50 Questions)

Midterm Exam Part 1
Question 1
Income tax payments are an example of ____.
Answer
implicit costs
explicit costs
normal return on investment
shareholder wealth
Question 2
The primary objective of a for-profit firm is to ___________.
Answer
maximize agency costs
minimize average cost
maximize total revenue
set output where total revenue equals total cost
maximize shareholder value
Question 3
To reduce Agency Problems, executive compensation should be designed to:
Answer
create incentives so that managers act like owners of the firm.
avoid making the executives own shares in the company.
be an increasing function of the firm’s expenses.
be an increasing function of the sales revenue received by the firm.
Question 4
Possible goals of Not-For-Profit (NFP) enterprises include all of the following EXCEPT:
Answer
maximize total costs
maximize output, subject to a breakeven constraint
maximize the happiness of the administrators of the NFP enterprise
maximize the utility of the contributors
Question 5
Economic profit is defined as the difference between revenue and ____.
Answer
explicit cost
total economic cost
implicit cost
shareholder wealth
Question 6
The moral hazard in team production arises from
Answer
poorly designed team membership
lack of proper assignment of individual tasks
disorganization in groups
a conflict between tactically best interest and one’s duty
insufficient experience
Question 7
The primary difference(s) between the standard deviation and the coefficient of variation as measures of risk are:
Answer
the coefficient of variation is easier to compute
the standard deviation is a measure of relative risk whereas the coefficient of variation is a measure of absolute risk
the coefficient of variation is a measure of relative risk whereas the standard deviation is a measure of absolute risk
the standard deviation is rarely used in practice whereas the coefficient of variation is widely used
Question 8
The approximate probability of a value occurring that is greater than one standard deviation from the mean is approximately (assuming a normal distribution)
Answer
68.26%
2.28%
34%
15.87%
Question 9
The ____ is the ratio of ____ to the ____.
Answer
standard deviation; covariance; expected value
coefficient of variation; expected value; standard deviation
correlation coefficient; standard deviation; expected value
coefficient of variation; standard deviation; expected value
Question 10
A change in the level of an economic activity is desirable and should be undertaken as long as the marginal benefits exceed the ____.
Answer
marginal returns
total costs
marginal costs
average costs
average benefits
Question 11
Based on risk-return tradeoffs observable in the financial marketplace, which of the following securities would you expect to offer higher expected returns than corporate bonds?
Answer
U.S. Government bonds
municipal bonds
common stock
commercial paper
Question 12
An closest example of a risk-free security is
Answer
General Motors bonds           
AT&T commercial paper
U.S. Government Treasury bills
San Francisco municipal bonds
an I.O.U. that your cousin promises to pay you $100 in 3 months
Question 13
Marginal revenue (MR) is ____ when total revenue is maximized.
Answer
greater than one
equal to one
less than zero
equal to zero
equal to minus one
Question 14
A price elasticity (ED) of ?1.50 indicates that for a ____ increase in price, quantity demanded will ____ by ____.
Answer
one percent; increase; 1.50 units
one unit; increase; 1.50 units
one percent; decrease; 1.50 percent
one unit; decrease; 1.50 percent
ten percent; increase; fifteen percent
Question 15
If demand were inelastic, then we should immediately:
Answer
cut the price.
keep the price where it is.
go to the Nobel Prize Committee to show we were the first to find an upward sloping demand curve.
stop selling it since it is inelastic.
 
raise the price.