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Businesses benefit from economies of scale when the cost of an investment can be:a. spread across increasing units of production.b. used in serving a niche and loyal customer base.c. used to build a brand image for products through advertising.d. diverted to implementing technology upgrades in the business model.e. leveraged to recruit consumers to promote a product or serviceConsumers buying commodities are highly ------- since they have so many similar choices.a. technologically discriminatingb. quality-consciousc. loyald. price-focusede. brand-drivenFor gaining sustainable competitive advantage, firms should only rely on technology.a. Trueb. False______ when a person or an organization saved, invested, or lent money and obtains a return of a larger amount over timeThe steps below show how to determine the compound interest for the given set of values.Given: Principal = $5,000, i = 2%, and n = 15 yearsStep 1: The formula to be used is AStep 2: Substituting the values in the formula we arrive at $ B as the compound interestIdentify A and BWhich philosopher fully conceptualized the idea of a free enterprise economy?a) Friedrich Hayekb) Karl Marxc) John Maynard Keynesd) Adam SmithWhich of the following best describes this data?Person ID | Age | Sex | Yr | Income1 | 27 | 1 | 2015 | 16002 | 27 | 1 | 2015 | 16003 | 27 | 1 | 2015 | 16004 | 27 | 1 | 2015 | 16005 | 27 | 1 | 2015 | 1600a. Secondary datab. Time-series datac. Cross-sectional datad. Panel dataThe data required for the following case would be primary data: I looked up the covid positive case on Baylor's website to decide if I want to go to the football game.a. Trueb. FalseWhich of the following is an example of application software?a. Androidb. Mac OSc. MS Wordd. LinuxAll the measures of worth account for the fact that _______If the principal amount of a loan is $12,000 at a compounded interest rate of 12%, what is the amount due after two years?Engineering economy involves __________, estimating, and evaluating the expected economic outcomes of alternatives designed to accomplish a defined purpose.------- refers to competitors watching a pioneer's efforts and learning from their successes and missteps. Further, these competitors enter the market quickly with a comparable or superior product at a lower cost.a. Operational effectivenessb. Fast follower strategyc. Sustainable competitive advantaged. Strategic positioningA given company produces many key parts in-house, from the battery packs to the slick touch-screen control panels. The process belongs to which part of the value chain?a. Outbound logisticsb. Servicec. Inbound logisticsd. Marketing and salesStrategic positioning is fundamentally about being ------.a. superiorb. scalablec. differentd. profitablee. efficientWhich of the following is true of the difference between operating systems and application software?a. Operating systems are software packages offered by a third party, while application software contains programs that are designed in-house.b. Operating systems are software packages that integrate the many functions of a business, while application software works with a minimal degree of overlap.c. Operating systems control the hardware elements visible to the human eye, while application software controls the hardware elements invisible to the human eye.d. Operating systems control the hardware, while application software performs the work that users and firms are directly interested in accomplishing.e. Operating systems support tasks performed by a single user, while application software support tasks performed by multiple users.A(n) _______ series is a cash flow series that either increases or decreases by a constant amount each period.Which of the following represents one of the primary components of the value chain?a. Outbound logisticsb. Human resource managementc. Firm infrastructured. Research and developmente. ProcurementTrue or False: Inflation contributes to an increase in the real rate of return on personal savings and certain corporate investmentsThe steps below show how to determine the simple interest for the given set of values.Given: Principal = $5,000, i = 2%, and n = 15 yearsStep 1: The formula to be used is AStep 2: Substituting the values in the formula, we arrive at $ B as the simple interest.Identify A and B
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