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  Discuss the following concepts of misrepresentation in tort law

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  Discuss the following concepts of misrepresentation in tort law citing relevant cases in each aspect.

  The definition of misrepresentation

  Elements of misrepresentation

  Types of misrepresentation

  Remedies of misrepresentation

  A critique of the concepts.

  5 pages, Chicago, 7 sources
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  An individual’s demand for physician office visits per year is Q = 10 – (1/2

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  An individual’s demand for physician office visits per year is Q = 10 – (1/20)P, where P is the price of an office visit. The marginal cost of producing an office visit is $120.

  1. If individuals pay full price for obtaining medical services, how many office visits will they make per year?
  2. If individuals pay 25% of the bill for each office visit, how many office visits will they make per year?
  3. If, instead of the 25% coinsurance, what happens if individuals must pay only a $20 copayment for each office visit, how many office visits will they make per year?
  4. In which case in the inefficiency larger? Explain

  Assume Lily currently has $50,000 which she can spend on “medical care” (M) or “all other goods” (G). If the price of medical care is approximately P_M = $200 per visit, while the “price” of a unit of “all other goods” is P_G=$100. (NOTE: for simplicity, you can use revenues of 500 and prices of P_M = $2 and P_g = $1). Assume Lily’s utility function over M and G is given by U = M*G.

  1. Calculate how much medical services Lily will buy if she does not have any medical insurance. Show this using an indifference-curve/budget line graph.
  2. Now assume Lily has insurance that provides her with 50% co-insurance. Calculate how much medical services Lily will buy with her co-insurance. Show this using an indifference-curve/budget line graph. Be sure to illustrate the income and substitution effects of her co-insurance

  Use the following graph for a Bob’s utility maximizing decision between “all other goods” and “medical care” in the absence of any insurance.

  

  1. Now, suppose that the federal government provides Bob with insurance in which he pays 25% coinsurance for medical care. On the graph illustrate the new budget constraint (with numerical intercepts) and show a new combination of Medicine and all other goods.
  2. On the graph, show and discuss the income and substitution effects (are these positive or negative and why) of such a grant.
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  Economics Problem: Chapter 8

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  The city of Gruberville is considering whether to build a new public swimming pool. This pool would have a capacity of 800 swimmers per day, and the proposed admission fee is $6 per swimmer per day. The estimated cost of the swimming pool, averaged over the life of the pool, is $4 per swimmer per day. Gruberville has hired you to assess this project. Fortunately, the neighboring identical town of Figlionia already has a pool, and the town has randomly varied the price of that pool to find how price affects usage. The results from their study follow:

  1. If the swimming pool is built as planned, what would be the net benefit per day from the swimming pool? What is the consumer surplus for swimmers?
  2. Given this information, is an 800-swimmer pool the optimally sized pool for Gruberville to build? Explain.
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  Economics Problem Chapter 16 Solutions

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  2. Explain why takeup rates—the fraction of eligible individuals who enroll in the program— are so much higher for Medicare than for Medicaid.
  3. The fact that such a large fraction of U.S. health care costs is spent on people in their last six months of life has led many people to call the American health care system “wasteful.” Why might this be an overgeneralization?
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  Economics Problem: Chapter 15

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  An individual’s demand for physician office visits per year is Q = 10 – (1/20)P, where P is the price of an office visit. The marginal cost of producing an office visit is $120.

  6. If individuals pay full price for obtaining medical services, how many office visits will they make per year?
  7. If individuals must pay only a $20 copayment for each office visit, how many office visits will they make per year?
  8. What is the deadweight loss to society associated with not charging individuals for the full cost of their health care

  Given that subsidized health care leads to increased health care usage, is this necessarily due to moral hazard? Explain.
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  What is the government’s role in the U.S. economy?

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  The paper addresses the question, What is the government’s role in the U.S. economy?
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  Chapter 14 Capital Budgeting Decisions: Garrison/Noreen/Brewer, Managerial Accounting, Twelfth Edition

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  True/False Questions

  1. When cash flows are uneven and vary from year to year, the internal rate of return method is easier to use than the net present value method.

  2. For capital budgeting decisions, the net present value method is superior to the simple rate of return method.

  3. Depreciation is included as a cash flow in capital budgeting decisions to ensure that the original cost of the asset is fully recovered.

  4. Even when done properly, the total-cost and incremental-cost approaches to choosing between alternatives will sometimes yield different answers.

  5. An increase in the expected salvage value at the end of a capital budgeting project will have no effect on the internal rate of return for that project.

  6. The intangible benefits of automation cannot be estimated with any accuracy and therefore should be ignored in capital budgeting decisions.

  7. When making preference decisions about competing investment proposals, the project profitability index is superior to the internal rate of return.
  8. The project profitability index is computed by dividing the net present value of the project by the investment required by the project.

  9. In calculating the “investment required” for the project profitability index, the amount invested should be reduced by any salvage recovered from the sale of old equipment.

  10. The payback method is most appropriate for projects whose cash flows extend far into the future.

  11. When using the payback method, any cash flows for a project that occur after the payback period are not considered in computing the payback period for that project.

  12. The present value of a given future cash flow will increase as the discount rate decreases.

  13. If a company is operating at a profit, the cash inflow resulting from the depreciation tax shield is computed by multiplying the depreciation deduction by one minus the tax rate.

  14. All cash inflows are taxable.
  15. The after-tax benefit, or net cash inflow, realized from a particular taxable cash receipt can be obtained by multiplying the cash receipt by one minus the tax rate

  Multiple Choice Questions

  16. Suture Corporation’s discount rate is 12%. If Suture has a 5-year investment project that has a project profitability index of zero, this means that:
  17. A) the net present value of the project is equal to zero.
  18. B) the internal rate of return of the project is equal to the discount rate.
  19. C) the payback period of the project is equal to the project’s useful life.
  20. D) both A and B above are true.

  17. Amster Corporation has not yet decided on the required rate of return to use in its capital budgeting. This lack of information will prevent Amster from calculating a project’s:

  	Payback	Net Present Value	Internal Rate of Return
  A)	No	No	No
  B)	Yes	Yes	Yes
  C)	No	Yes	Yes
  D)	No	Yes	No

  18. If income taxes are ignored, how is depreciation used in the following capital budgeting techniques?

  	Internal Rate of Return	Net Present Value
  A)	Excluded	Excluded
  B)	Excluded	Included
  C)	Included	Excluded
  D)	Included	Included

  19. If the net present value of a project is zero based on a discount rate of 16%, then the internal rate of return is:
  20. A) equal to 16%.
  21. B) less than 16%.
  22. C) greater than 16%.
  23. D) cannot be determined from this data.

  20. Three potential investment projects (A, B, and C) at Nit Corporation all require the same initial investment, have the same useful life (3 years), and have no expected salvage value. Expected net cash inflows from these three projects each year is as follows:

  		A	B	C
  	Year 1……..	$1,000	$2,000	$3,000
  	Year 2……..	$2,000	$2,000	$2,000
  	Year 3……..	$3,000	$2,000	$1,000

              What can be determined from the information provided above?

  1. A) the net present value of project C will be the highest.
  2. B) the internal rate of return of projects A and C cannot be computed.
  3. C) the net present value and the internal rate of return will be the same for all three projects.
  4. D) both A and B above.

  21. A project’s net present value, ignoring income taxes, is affected by:
  22. A) the net book value of an asset that is replaced.
  23. B) the depreciation on an asset that is replaced.
  24. C) the depreciation to be taken on assets used directly on the project.
  25. D) proceeds from the sale of an asset that is replaced.

  22. A company has unlimited funds to invest at its discount rate. The company should invest in all projects having:
  23. A) an internal rate of return greater than zero.
  24. B) a net present value greater than zero.
  25. C) a simple rate of return greater than the discount rate.
  26. D) a payback period less than the project’s estimated life.

  23. When the cash flows are the same every period after the initial investment in a project, the payback period is equal to:
  24. A) the net present value.
  25. B) the simple rate of return.
  26. C) the factor of the internal rate of return.
  27. D) the payback rate of return.

  24. The internal rate of return method assumes that a project’s cash flows are reinvested at the:
  25. A) internal rate of return.
  26. B) simple rate of return.
  27. C) required rate of return.
  28. D) payback rate of return.

  25. (Ignore income taxes in this problem.) Which of the following would be used in the calculation of the internal rate of return of an investment in new machinery to replace old machinery?
  26. A) The annual depreciation expense on the new machinery.
  27. B) The cost of an overhaul that would be needed on the old machinery in three years.
  28. C) The salvage value of the old machinery in ten years.
  29. D) both B and C above.
  30. The project profitability index and the internal rate of return:
  31. A) will always result in the same preference ranking for investment projects.
  32. B) will sometimes result in different preference rankings for investment projects.
  33. C) are less dependable than the payback method in ranking investment projects.
  34. D) are less dependable than net present value in ranking investment projects.

  27. Zonifugal Corporation needs to purchase a new conveyor system for its factory. Four different conveyor systems have been proposed. Which calculation would be the best one for Zonifugal to use to determine which system to purchase?
  28. A) payback period
  29. B) simple rate of return
  30. C) net present value
  31. D) project profitability index

  28. A preference decision:
  29. A) is concerned with whether a project clears the minimum required rate of return hurdle.
  30. B) comes before the screening decision.
  31. C) is concerned with determining which of several acceptable alternatives is best.
  32. D) responses A, B, and C are all correct.

  29. In an equipment investment decision, which of the following amounts would be unaffected by a change in the tax rate?
  30. A) the present value of the initial investment in the equipment.
  31. B) the present value of the increase in working capital needed.
  32. C) the present value of the salvage value of the equipment.
  33. D) both A and B above.

  30. When evaluating a project, the portion of the fixed corporate headquarters expense that would be allocated to the project should be:
  31. A) included as a cash outflow on an after-tax basis by multiplying the expense by one minus the tax rate.
  32. B) included as a cash outflow on an after-tax basis by multiplying the expense by the tax rate.
  33. C) included as a cash outflow on a before-tax basis.
  34. D)

  31. (Ignore income taxes in this problem.) Given the following data:

  	Cost of equipment………….	$55,750
  	Annual cash inflows……….	$10,000
  	Internal rate of return………	16%

              The life of the equipment must be:

  1. A) it is impossible to determine from the data given
  2. B) 15 years
  3. C) 5 years
  4. D) 75 years

  32. (Ignore income taxes in this problem.) Heap Company is considering an investment in a project that will have a two year life. The project will provide a 10% internal rate of return, and is expected to have a $40,000 cash inflow the first year and a $50,000 cash inflow in the second year. What investment is required in the project?
  33. A) $74,340
  34. B) $77,660
  35. C) $81,810
  36. D) $90,000

  33. (Ignore income taxes in this problem.) Congener Beverage Corporation is considering an investment in a capital budgeting project that has an internal rate of return of 20%. The only cash outflow for this project is the initial investment. The project is estimated to have an 8 year life and no salvage value. Cash inflows from this project are expected to be $100,000 per year in each of the 8 years. Congener’s discount rate is 16%. What is the net present value of this project?
  34. A) $5,215
  35. B) $15,464
  36. C) $50,700
  37. D) $55,831

  34. (Ignore income taxes in this problem.) The Able Company is considering buying a new donut maker. This machine will replace an old donut maker that still has a useful life of 2 years. The new machine will cost $2,500 a year to operate, as opposed to the old machine, which costs $2,700 per year to operate. Also, because of increased capacity, an additional 10,000 donuts a year can be produced. The company makes a contribution margin of $0.02 per donut. The old machine can be sold for $5,000 and the new machine costs $25,000. The incremental annual net cash inflows provided by the new machine would be:
  35. A) $200
  36. B) $400
  37. C) $5,200
  38. D) $5,400

  35. (Ignore income taxes in this problem.) Given the following data:

  	Initial investment……………	$80,000
  	Annual cash inflow…………	?
  	Salvage value…………………	$0
  	Net present value……………	$13,600
  	Life of the project…………..	6 years
  	Discount rate………………….	16%

              Based on the data given above, the annual cash inflow from the project after the initial investment is closest to:

  1. A) $50,116
  2. B) $21,710
  3. C) $25,400
  4. D) $38,376

  36. (Ignore income taxes in this problem.) Virginia Company invested in a four-year project. Virginia’s discount rate is 10%. The cash inflows from this project are:

  	Year	Cash Inflow
  	1	$4,000
  	2	$4,400
  	3	$4,800
  	4	$5,200

              Assuming a positive net present value of $1,000, the amount of the original investment was closest to:

  1. A) $2,552
  2. B) $4,552
  3. C) $13,427
  4. D) $17,400

  37. (Ignore income taxes in this problem.) Para Corporation is reviewing the following data relating to an energy saving investment proposal:

  	Initial investment……………	$50,000
  	Life of the project…………..	5 years
  	Salvage value…………………	$10,000
  	Annual cash savings………..	?

              What annual cash savings would be needed in order to satisfy the company’s 12% required rate of return (rounded to the nearest one hundred dollars)?

  1. A) $10,600
  2. B) $11,100
  3. C) $12,300
  4. D) $13,900

  38. (Ignore income taxes in this problem.) Nevus Tattoo Parlor is considering a capital budgeting project. This project will initially require a $25,000 investment in equipment and a $3,000 working capital investment. The useful life of this project is 5 years with an expected salvage value of zero on the equipment. The working capital will be released at the end of the 5 years. The new system is expected to generate net cash inflows of $9,000 per year in each of the 5 years. Nevus’ discount rate is 14%. The net present value of this project is closest to:
  39. A) $(3,088)
  40. B) $3,383
  41. C) $4,454
  42. D) $5,897

  39. (Ignore income taxes in this problem.) The Malaise Prevention Agency is a non-profit organization that does all of its own informational printing. The printing press that Malaise currently is using needs a $20,000 overhaul. This will extend the useful life of the press by 8 years. As an alternative, Malaise could buy a brand new modern press for $45,000. The new press would also last 8 years. The annual operating expenses of the old press are $12,000. The annual operating expenses of the new press will only be $7,000. The old press is not expected to have a salvage value in 8 years. The new press is expected to have a $6,000 salvage value in 8 years. Malaise’s discount rate is 14%. The net present value of the decision to buy the new press instead of overhauling the old press is closest to:
  40. A) $301
  41. B) $(301)
  42. C) $4,195
  43. D) $(46,089)

  40. (Ignore income taxes in this problem.) Nevland Corporation is considering the purchase of a machine that would cost $130,000 and would last for 6 years. At the end of 6 years, the machine would have a salvage value of $18,000. By reducing labor and other operating costs, the machine would provide annual cost savings of $44,000. The company requires a minimum pretax return of 19% on all investment projects. The net present value of the proposed project is closest to:
  41. A) $38,040
  42. B) $26,376
  43. C) $74,902
  44. D) $20,040
  45. (Ignore income taxes in this problem) The management of Penfold Corporation is considering the purchase of a machine that would cost $440,000, would last for 7 years, and would have no salvage value. The machine would reduce labor and other costs by $102,000 per year. The company requires a minimum pretax return of 16% on all investment projects. The net present value of the proposed project is closest to:
  46. A) -$28,022
  47. B) $96,949
  48. C) -$79,196
  49. D) $274,000

  42. (Ignore income taxes in this problem.) Dowlen, Inc., is considering the purchase of a machine that would cost $150,000 and would last for 6 years. At the end of 6 years, the machine would have a salvage value of $23,000. The machine would reduce labor and other costs by $36,000 per year. Additional working capital of $6,000 would be needed immediately. All of this working capital would be recovered at the end of the life of the machine. The company requires a minimum pretax return of 12% on all investment projects. The net present value of the proposed project is closest to:
  43. A) $9,657
  44. B) -$2,004
  45. C) $6,699
  46. D) $13,223

  43. (Ignore income taxes in this problem.) The Poteran Company is considering a machine that will save $3,000 a year in cash operating costs each year for the next six years. At the end of six years it would have no salvage value. If this machine costs $9,060 now, the machine’s internal rate of return is closest to:
  44. A) 18%
  45. B) 20%
  46. C) 22%
  47. D) 24%

  44. (Ignore income taxes in this problem) The management of Elamin Corporation is considering the purchase of a machine that would cost $365,695 and would have a useful life of 9 years. The machine would have no salvage value. The machine would reduce labor and other operating costs by $61,000 per year. The internal rate of return on the investment in the new machine is closest to:
  45. A) 9%
  46. B) 11%
  47. C) 12%
  48. D) 10%

  45. (Ignore income taxes in this problem.) Bau Long-Haul, Inc., is considering the purchase of a tractor-trailer that would cost $281,656, would have a useful life of 7 years, and would have no salvage value. The tractor-trailer would be used in the company’s hauling business, resulting in additional net cash inflows of $76,000 per year. The internal rate of return on the investment in the tractor-trailer is closest to:
  46. A) 19%
  47. B) 18%
  48. C) 21%
  49. D) 16%

  46. (Ignore income taxes in this problem.) Golab Roofing is considering the purchase of a crane that would cost $69,846, would have a useful life of 6 years, and would have no salvage value. The use of the crane would result in labor savings of $21,000 per year. The internal rate of return on the investment in the crane is closest to:
  47. A) 18%
  48. B) 20%
  49. C) 19%
  50. D) 17%

  47. (Ignore income taxes in this problem) Boe Corporation is investigating buying a small used aircraft for the use of its executives. The aircraft would have a useful life of 9 years. The company uses a discount rate of 10% in its capital budgeting. The net present value of the investment, excluding the salvage value of the aircraft, is -$439,527. Management is having difficulty estimating the salvage value of the aircraft. To the nearest whole dollar how large would the salvage value of the aircraft have to be to make the investment in the aircraft financially attractive?
  48. A) $439,527
  49. B) $43,953
  50. C) $4,395,270
  51. D) $1,036,620

  48. (Ignore income taxes in this problem) The management of Byrge Corporation is investigating buying a small used aircraft to use in making airborne inspections of its above-ground pipelines. The aircraft would have a useful life of 8 years. The company uses a discount rate of 10% in its capital budgeting. The net present value of the investment, excluding the intangible benefits, is -$448,460. To the nearest whole dollar how large would the annual intangible benefit have to be to make the investment in the aircraft financially attractive?
  49. A) $44,846
  50. B) $56,058
  51. C) $84,060
  52. D) $448,460

  49. (Ignore income taxes in this problem) The management of Osborn Corporation is investigating an investment in equipment that would have a useful life of 8 years. The company uses a discount rate of 12% in its capital budgeting. The net present value of the investment, excluding the annual cash inflow, is -$401,414. To the nearest whole dollar how large would the annual cash inflow have to be to make the investment in the equipment financially attractive?
  50. A) $48,170
  51. B) $50,177
  52. C) $80,800
  53. D) $401,414

  50. (Ignore income taxes in this problem.) Croce, Inc., is investigating an investment in equipment that would have a useful life of 7 years. The company uses a discount rate of 8% in its capital budgeting. The net present value of the investment, excluding the salvage value, is -$515,967. To the nearest whole dollar how large would the salvage value of the equipment have to be to make the investment in the equipment financially attractive?
  51. A) $41,277
  52. B) $885,021
  53. C) $515,967
  54. D) $6,449,588

  51. A project has an initial investment of $100,000 and a project profitability index of 0.15. The discount rate is 12%. The net present value of the project is closest to:
  52. A) $15,000
  53. B) $115,000
  54. C) $112,000
  55. D) $12,000

  52. A company is pondering an investment project that has an internal rate of return which is equal to the company’s discount rate. The project profitability index of this investment project is:
  53. A) 0
  54. B) 5
  55. C) 0
  56. D) 5

  53. (Ignore income taxes in this problem.) The management of Solar Corporation is considering the following three investment projects:

  		Project L	Project M	Project N
  	Investment required…………………..	$37,000	$55,000	$82,000
  	Present value of cash inflows……..	$38,480	$62,150	$90,200

              Rank the projects according to the profitability index, from most profitable to least profitable.

  1. A) M,N,L
  2. B) L,N,M
  3. C) N,L,M
  4. D) N,M,L

  54. (Ignore income taxes in this problem.) Trovato Corporation is considering a project that would require an investment of $48,000. No other cash outflows would be involved. The present value of the cash inflows would be $51,840. The profitability index of the project is closest to:
  55. A) 07
  56. B) 08
  57. C) 92
  58. D) 08

  55. (Ignore income taxes in this problem.) Ryner Corporation is considering three investment projects-S, T, and U. Project S would require an investment of $20,000, Project T of $69,000, and Project U of $83,000. No other cash outflows would be involved. The present value of the cash inflows would be $23,200 for Project S, $77,970 for Project T, and $94,620 for Project U. Rank the projects according to the profitability index, from most profitable to least profitable.
  56. A) U,T,S
  57. B) T,S,U
  58. C) U,S,T
  59. D) S,U,T

  56. (Ignore income taxes in this problem.) The management of Leitheiser Corporation is considering a project that would require an initial investment of $51,000. No other cash outflows would be required. The present value of the cash inflows would be $57,630. The profitability index of the project is closest to:
  57. A) 13
  58. B) 87
  59. C) 13
  60. D) 12

  57. (Ignore income taxes in this problem.) Olinick Corporation is considering a project that would require an investment of $343,000 and would last for 8 years. The incremental annual revenues and expenses generated by the project during those 8 years would be as follows:

  	Sales……………………………..	$227,000
  	Variable expenses…………..	52,000
  	Contribution margin………..	175,000
  	Fixed expenses:
  	Salaries……………………….	27,000
  	Rents………………………….	41,000
  	Depreciation………………..	40,000
  	Total fixed expenses……….	108,000
  	Net operating income………	$  67,000

              The scrap value of the project’s assets at the end of the project would be $23,000. The payback period of the project is closest to:

  3. A) 0 years
  4. B) 1 years
  5. C) 2 years
  6. D) 8 years

  58. (Ignore income taxes in this problem.) The management of Lanzilotta Corporation is considering a project that would require an investment of $263,000 and would last for 8 years. The annual net operating income from the project would be $66,000, which includes depreciation of $31,000. The scrap value of the project’s assets at the end of the project would be $15,000. The payback period of the project is closest to:
  59. A) 8 years
  60. B) 6 years
  61. C) 7 years
  62. D) 0 years

  59. (Ignore income taxes in this problem.) Slomkowski Corporation is contemplating purchasing equipment that would increase sales revenues by $298,000 per year and cash operating expenses by $143,000 per year. The equipment would cost
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  Final exam: Multiple choice questions

  $5.00

  1. Prehistory

  1. Which of the following terms refers to one of the “big stones” used in the construction of a site such as Stonehenge?
  2. megalith
  3. menhir
  4. cairn
  5. cromlech

  2. Which of the following terms refers to a stone structure consisting of two posts roofed with a capstone, covered with earth, and used as a burial chamber?
  3. megalith
  4. menhir
  5. cairn
  6. cromlech

  3. Which of the following terms refers to the category of megalithic structure that includes Stonehenge?
  4. dolmen
  5. menhir
  6. cairn
  7. cromlech

  1. Mesopotamia

  1. Which of the following rivers is associated with ancient Mesopotamia?
  2. the Yellow
  3. the Nile
  4. the Indus
  5. the Tigris

  2. Which of the following rivers is associated with ancient Egypt?
  3. the Yellow
  4. the Nile
  5. the Indus
  6. the Tigris

  3. Which of the following pairs of metals combine to form bronze?
  4. copper and tin
  5. copper and iron
  6. copper and silver
  7. copper and gold

  4. Which of the following terms refers to a religion that includes many gods (and goddesses) often associated with natural forces and realms?
  5. monotheism
  6. theocracy
  7. henotheism
  8. polytheism

  5. Which of the following was the Akkadian sun god?
  6. Shamash
  7. Ishtar
  8. Ea
  9. Enlil

  6. Among the following residents of Mesopotamia, which was the only monotheistic group?
  7. the Akkadians
  8. the Assyrians
  9. the Hebrews
  10. the Babylonians

  7. Which of the following pairs correctly identifies the subjects illustrated in the two main panels of the rectangular box known as the Standard of Ur?
  8. “Winter” and “Summer”
  9. “Heaven” and “Earth”
  10. “Planting” and “Harvest”
  11. “War” and “Peace”

  8. Which of the following leaders guided the Akkadians to conquer virtually all other cities in Mesopotamia and named himself “King of the Four Quarters of the World?”
  9. Romulus
  10. Remus
  11. Sargon
  12. Moses

  9. Which of the following is considered the first existing monumental work made through the lost-wax casting technique?
  10. the dedicatory statues from the Abu Temple
  11. the Cylinder Seal of Adda
  12. the Standard of Ur
  13. the Head of an Akkadian Man

  10. In cuneiform, which of the following symbolizes a god?
  11. a triangle
  12. a star
  13. a wheel with five spokes
  14. a ram’s head

  11. Who is considered responsible for having introduced the principle of talion to Mesopotamian culture?
  12. Hammurabi
  13. Sargon
  14. Gudea
  15. Naramsin

  12. Which of the following terms refers to a state ruled by a god or by the god’s representative?
  13. monotheism
  14. polytheism
  15. henotheism
  16. theocracy

  13. Which of the following terms refers to a religion that includes many gods (and goddesses) often associated with natural forces and realms?
  14. monotheism
  15. polytheism
  16. henotheism
  17. theocracy

  • EGYPT

  1. In ancient Egyptian religion, which of the following ruled the underworld and was god of the dead?
  2. Osiris
  3. Anubis
  4. Horus
  5. Seth

  2. In ancient Egyptian religion, which of the following was the child of Osiris and Isis?
  3. Re
  4. Anubis
  5. Horus
  6. Seth

  3. Which of the following ancient Egyptian leaders ruled circa 3,000 B.C.E. and is credited with unifying both Upper and Lower Egypt?
  4. Djoser
  5. Khafre
  6. Khufu
  7. Narmer

  4. In ancient Egyptian religion, which of the following was comparable to an enduring “soul”             or “life force,” a concept shared by many other religions?
  5. ba
  6. ka
  7. maat
  8. cartouche

  5. A particularity of Djoser’s Pyramid in Saqqara is that
  6. it is the largest
  7. it is a stepped pyramid
  8. it is a mastaba
  9. it is preceded by a Sphynx

  6. The three great pyramids of Khafre, Khufu and Menkaure are also called:
  7. Tumbs of Tutankhamen
  8. Pyramids of Giza
  9. Pyramids of the Valley of the Kings
  10. Pyramids of Saqqara

  7. Which of the following was the primary material used to construct the polished sheath that covered each of the great pyramids at Giza?
  8. gold
  9. ivory
  10. ebony
  11. limestone

  8. Which of the following languages is NOT among those present on the Rosetta Stone?
  9. Greek
  10. Hebrew
  11. demotic Egyptian
  12. hieroglyphics

  9. Which of the following terms refers to an ornamental and symbolic frame reserved for the names of rulers, present on the Rosetta Stone, and of key importance in unlocking its code?
  10. cartouche
  11. pylon
  12. mastaba
  13. votive

  10. Which of the following animals is depicted in the Great Sphinx at Giza and supports the head of a king wearing the royal headcloth?
  11. crocodile
  12. jackal
  13. lion
  14. hawk

  11. In ancient Egypt, which of the following materials was of key importance in the mummification process, primarily because it absorbed the body’s fluids?
  12. natron
  13. resin
  14. papyrus
  15. oils

  12. During the mummification process, many of the body’s inner organs were removed, dried, coated in resin, and, in some cases, each was placed in its own container. By what name             is this container known?
  13. cartouche
  14. mastaba
  15. canopic jar
  16. sarcophagus

  13. If the deceased person’s heart did not balance with the feather of Ma’at in the ancient Egyptian “last judgment,” the dead person
  14. was condemned to physical torment
  15. was condemned to nonexistence and to be eaten by Ammit.
  16. gained an afterlife
  17. had to answer to the questions of the gods

  1. Minoan/ Mycenaean
  2. Who is the legendary ruler of Crete’s ancient capital, Knossos?
  3. Priam
  4. Minos
  5. Aegeus
  6. Agamemnon

  2. Which of the following creatures did the inhabitants of Crete associate with male virility and strength?
  3. tigers
  4. lions
  5. bulls
  6. horses

  3. Which of the following Greek terms can be translated as “double ax”?
  4. kyklos
  5. tholos
  6. areté
  7. labrys

  4. Which of the following ancient structures was known as the “House of the Double Axes”?
  5. the palace of Priam at Troy
  6. the palace of Minos at Knossos
  7. the palace of Agamemnon at Mycenae
  8. the palace of Theramos at Akrotiri

  5. Which of the following is the legendary Minoan queen who gave birth to the Minotaur?
  6. Pasiphae
  7. Ariadne
  8. Aegeus
  9. Daedalus

  6. Which of the following provided Theseus with a weapon and thread to help him kill the       Minotaur?
  7. Aegeus
  8. Daedalus
  9. Ariadne
  10. Pasiphae

  7. Who is considered the author of the Iliad and the Odyssey?
  8. Homer
  9. Socrates
  10. Plato
  11. Aristotle

  8. Which of the following is used in “epic” meter?
  9. areté
  10. tholos
  11. hexameter
  12. kyklos

  9. Which of the following is the central character in the Iliad, which focuses on his “rage”?
  10. Agamemnon
  11. Patroclus
  12. Hector
  13. Achilles

  10. Which of the following Greek terms can be translated as “virtue,” and can be interpreted as “reaching one’s highest potential”?
  11. labrys
  12. areté
  13. tholos
  14. kyklos

  11. Who is best remembered as the King of Troy during the action of the Iliad?
  12. Priam
  13. Aegeus
  14. Minos
  15. Agamemnon

  12. During the action of the Iliad, who is considered the greatest warrior among the Greeks battling against the Trojans?
  13. Menelaus
  14. Agamemnon
  15. Odysseus
  16. Achilles

  13. Who is the Trojan prince and warrior that killed Patroclus and enraged Achilles during the action of the Iliad?
  14. Agamemnon
  15. Menelaus
  16. Hector
  17. Priam

  14. Which of the following ancient structures is a citadel city that depended on cyclopean masonry for its construction and was entered through a massive Lion        Gate?
  15. the ancient city of Mycenae
  16. the palace of Minos at Knossos
  17. the ancient city of Troy
  18. the palace of Theramos at Akrotiri

  1. Greece

  1. Which of the following terms translates as “top of the city” and refers to the portion of an ancient Greek city-state that functioned as its religious center?
  2. agora
  3. acropolis
  4. homoioi
  5. helots

  2. Which of the following terms refers to the portion of an ancient Greek city-state that served as public meeting place, marketplace, and civic center?
  3. agora
  4. acropolis
  5. homoioi
  6. helots

  3. Who is the author of an extensive History of the Persian Wars and is recognized as the first writer in the Western tradition who devoted himself to historical writing?
  4. Herodotus
  5. Hesiod
  6. Aeschylus
  7. Homer

  4. Which ancient Greek city-state was the home to the Sanctuary of Apollo?
  5. Athens
  6. Delphi
  7. Thebes
  8. Corinth

  5. Which of the following terms refers to columns carved in the form of female figures?
  6. caryatids
  7. entasis
  8. stylobate
  9. peristyle

  6. In ancient Greek architecture, which of the following orders featured scrolled capitals?
  7. Corinthian
  8. Doric
  9. Ionic
  10. None of the answers are correct.

  7. In ancient Athens, which of the following terms identifies free men who came from some other polis in Greece or from a Greek colony?
  8. barbarians
  9. citizens
  10. metics
  11. slaves

  8. Regarding the women of ancient Sparta, which of the following statements is NOT accurate?
  9. They were taught to read and write.
  10. They were permitted to join the military forces and could hold positions of authority.
  11. They could own and control their own property.
  12. They could take another husband if their first had been away at war for too long.

  9. Who cast the bronze statue known as Doryphoros (Spear bearer), which was celebrated throughout the ancient world as a demonstration of a treatise on proportions of the human body?
  10. Kritios
  11. Phidias
  12. Thales
  13. Polyclitus

  10. On the Athenian Acropolis, which of the following was considered the centerpiece?
  11. the Propylaia
  12. the Parthenon
  13. the Erechtheion
  14. the Temple of Athena Nike

  11. On the Athenian Acropolis, which of the following served as a monumental entryway to the complex?
  12. the Propylaia
  13. the Parthenon
  14. the Erechtheion
  15. the Temple of Athena Nike

  12. Who is considered responsible for designed the giant statue of Athena Parthenos housed in the Parthenon?
  13. Callicrates
  14. Ictinus
  15. Phidias
  16. Mnesicles

  13. Which of the following is NOT included among those illustrated in the metopes on the four sides of the Parthenon?
  14. centaurs
  15. Amazons
  16. Trojans
  17. Persians

  14. On the Athenian Acropolis, which of the following features caryatids?
  15. the Propylaia
  16. the Parthenon
  17. the Erechtheion
  18. the Temple of Athena Nike

  15. Who specialized in writing comedies and is the playwright for Lysistrata?
  16. Aristophanes
  17. Euripides
  18. Aeschylus
  19. Sophocles

  Answers to Greece

  1. ROME

  1. Which of the following rivers is associated with the city of Rome?
  2. the Tigris
  3. the Tiber
  4. the Euphrates
  5. the Arno

  2. Which of the following terms refers to the land-owning aristocrats who served as priests, magistrates, lawyers, and judges in ancient Rome?
  3. patricians
  4. vigils
  5. plebians
  6. pietas

  3. Which of the following terms refers to the poorer class who were craftspeople, merchants, and laborers in ancient Rome?
  4. patricians
  5. vigils
  6. plebians
  7. pietas

  4. Which of the following terms refers to the “dutifulness”–a relationship that prescribed that a family and clients equally owed “total obedience” to the pater in ancient Rome?
  5. patricians
  6. vigils
  7. plebians
  8. pietas

  5. When it was most prominent, which of the following settlements controlled most of the wealth of the western Mediterranean, including agricultural and commercial resources in Sicily, Sardinia, Corsica, and the eastern portion of the Iberian Peninsula?
  6. Athens
  7. Carthage
  8. Alexandria
  9. Macedonia

  6. Who is remembered for having marched through the Alps with his army of nearly 100,000 men and a large contingent of elephants?
  7. Hannibal of Carthage
  8. Scipio Africanus
  9. Philip V of Macedonia
  10. Pompey the Great

  • Late medieval

  1. Who is the author of the Divine Comedy?
  2. Francesco Petrarca
  3. Dante Alighieri
  4. Geoffrey Chaucer
  5. Giovanni Boccaccio

  2. Which of the following provides a startling description of Florence during an outbreak of the plague?
  3. The Canterbury Tales
  4. the Decameron
  5. Book of the City of Ladies
  6. The Book of the Deeds and Good Manners of the Wise King Charles V

  3. Who is the author of The Canterbury Tales?
  4. Dante Alighieri
  5. Francesco Petrarca
  6. Geoffrey Chaucer
  7. Giovanni Boccaccio
• BUY AND DOWNLOAD THE SOLUTION

  Finance Multiple Questions

  $15.00

  1. What is the primary disadvantage of the corporate form of organization? Name at least two advantages of corporate organization.
  2. Evaluate the following statement: Managers should not focus on the current stock value because doing so will lead to an overemphasis on short-term profits at the expense of long- term profits.
  3. Could a company’s cash flow to stockholders be negative in a given year?       Explain how this might come about.
  4. Jetson Spacecraft Corp. shows the following information on its 2009 income statement: sales $ 196,000; costs $ 104,000; other expenses $ 6,800; depreciation expense $ 9,100; interest expense $ 14,800; taxes $ 21,455; dividends $ 10,400. In addition, you’re told that the firm issued $ 5,700 in new equity during 2009 and redeemed $ 7,300 in outstanding long- term debt.

  1. What is the 2009 operating cash flow?
  2. What is the 2009 cash flow to creditors?
  3. What is the 2009 cash flow to stockholders?

  1. In recent years, Dixie Co. has greatly increased its current ratio. At the same time, the quick ratio has fallen. What has happened? Has the liquidity of the company improved?
  2. Y3K, Inc., has sales of $ 5,276, total assets of $ 3,105, and a debt– equity ratio of 1.40. If its return on equity is 15 percent, what is its net income?
  3. Why do you think most long- term financial planning begins with sales forecasts? Put differently, why are future sales the key input?
  4. The most recent financial statements for Zoso, Inc., are shown here (assuming no income taxes): Income Statement                                                      Balance Sheet

  Sales                $ 6,300                                    Assets  $ 18,300        Debt    $ 12,400

  Costs                  3,890                                                                        Equity        5,900

  Net income   $ 2,410                                    Total $ 18,300        Total $ 18,300

  Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year’s sales are projected to be $ 7,434. What is the external financing needed?

  1. Would you be willing to pay $ 24,099 today in exchange for $ 100,000 in 30 years? What would be the key considerations in answering yes or no? Would your answer depend on who is making the promise to repay?
  2. You are scheduled to receive $ 20,000 in two years. When you receive it, you will invest it for six more years at 8.4 percent per year. How much will you have in eight years?
  3. Suppose two athletes sign 10-year contracts for $ 80 million. In one case, we’re told that the $ 80 million will be paid in 10 equal installments. In the other case, we’re told that the $ 80 million will be paid in 10 installments, but the installments will increase by 5 percent per year. Who got the better deal?
  4. A 5- year annuity of ten $ 7,000 semiannual payments will begin 8 years from now, with the first payment coming 8.5 years from now. If the discount rate is 10 percent compounded monthly, what is the value of this annuity five years from now? What is the value three years from now? What is the current value of the annuity?
  5. Is it true that a U. S. Treasury security is risk- free?
  6. Say you own an asset that had a total return last year of 11.4 percent. If the inflation rate last year was 4.8 percent, what was your real return?
  7. A substantial percentage of the companies listed on the NYSE and NASDAQ don’t pay dividends, but investors are nonetheless willing to buy shares in them. How is this possible given the belief that the price of a share of stock is the Present Value of future dividends?
  8. Marcel Co. is growing quickly. Dividends are expected to grow at a 30 percent rate for the next three years, with the growth rate falling off to a constant 6 percent thereafter. If the required return is 13 percent and the company just paid a $ 1.80 dividend, what is the current share price?
  9. Suppose a project has conventional cash flows and a positive NPV. What do you know about its payback? Its discounted payback? Its profitability index? Its IRR? Explain.
  10. A project that provides annual cash flows of $ 28,500 for nine years costs $ 138,000 today. Is this a good project if the required return is 8 percent? What if it’s 20 percent? At what discount rate would you be indifferent between accepting the project and rejecting it?
  11. The Present Value of a perpetuity equals . Show how this equation reduces to .
  12. CWU receives funding from the state for each student up to a certain limit.       If enrollment goes above that limit the only funding for each additional student comes from tuition and fees. In determining whether or not it is profitable to allow enrollment to exceed the limit which is more important, average cost per student or marginal cost per student? Argue your case.