RELI 2732 Lecture Notes - Lecture 7: Oil Lamp, Yama (Hinduism), Fire Worship
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Severe unemployment is socially catastrophic. Mark all items below that can occur due to unemployment.
Increased Spending |
Increased work hours for other family members |
Increased Savings |
Uninterrupted schooling |
Increased Stress |
Postponed medical care |
Utilities cut off |
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Question 51 pts
What years was the unemployment rate equal to or great than 10%?
1929-1933, 1937-1938, 1981-1982, 2007-2009 |
1928-1932, 1936-1937, 1980-1981, 2008-2010 |
1929-1933, 1936-1937, 1980-1981, 2007-2009 |
1928-1930, 1937-1938, 1981-1982, 2008-2010 |
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Question 61 pts
The unemployment rate is understated due to:
None of the above. |
Part-time workers being counted as unemployed |
Discouraged workers not counted in the labor force |
Underemployed workers being counted an unemployed |
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Question 71 pts
True or False. The Labor force participation rate is the percentage of adults in an economy who are either employed or who are unemployed and looking for a job.
True |
False |
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Question 81 pts
True or False. The Bureau of Labor Statistics reports the percentage of labor force unemployed utilizing the current population survey.
True |
False |
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Question 91 pts
Mark all that apply. Over time the unemployment rate.....
does not fluctuate over time |
an upward or downward trend in unemployment rates is apparent |
never falls all the way to zero |
the timing of rises and falls in unemployment do not match the timing of upswings and downswings in the overall economy |
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Question 101 pts
According to the graphs presented by the author in this chapter, which group had the highest unemployment rate in 2010?
Hispanic |
Black |
Asian |
Whites |
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Question 111 pts
According to the information presented by the author in this chapter, which group had the highest unemployment rate in 2015?
New entrants |
Re-entrants |
Job Losers: non-temporary |
Job Leavers |
Job Losers: temporary |
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Question 121 pts
According to the information presented by the author in this chapter, which group had the highest unemployment rate in 2015?
5 to 14 weeks |
Over 27 weeks |
15-26 weeks |
Under 5 weeks |
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Question 131 pts
True or False. An international comparison of unemployment rates across countries can be easily accomplished.
True |
False |
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Question 141 pts
Mark all that apply. Wages are sticky downward due to:
Implicit contract |
Insider-outsider model |
Efficiency Wage Theory |
Adverse selection of wage cuts argument |
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Question 151 pts
Match the word to the correct definition.
Cyclical
[ Choose ] unemployment that occurs as workers move between jobs unemployment that occurs because individuals lack skills valued by employers or the Geographic distribution of jobs changes unemployment closely tied to the business cycle, like higher unemployment during a recession
Frictional
[ Choose ] unemployment that occurs as workers move between jobs unemployment that occurs because individuals lack skills valued by employers or the Geographic distribution of jobs changes unemployment closely tied to the business cycle, like higher unemployment during a recession
Structural
[ Choose ] unemployment that occurs as workers move between jobs unemployment that occurs because individuals lack skills valued by employers or the Geographic distribution of jobs changes unemployment closely tied to the business cycle, like higher unemployment during a recession
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Question 161 pts
A financial analyst who quits his/her job in Chicago and is pursuing similar work in Arizona. What type of unemployment occurred?
Structural |
Cyclical |
Frictional |
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Question 171 pts
True or False. With productivity low, average levels of unemployment will tend to be somewhat higher on average.
True |
False |
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Question 181 pts
True or False. Unemployment benefits in the United States are only federally controlled.
True |
False |
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Question 191 pts
True or False. The natural rate of unemployment will never be zero due to cyclical and frictional unemployment.
True |
False |
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Question 201 pts
True or False. Public policies to assist the unemployed as it relates to the supply side of the labor market affect how eager people are to find work
True |
False |
Question 1
Identify the item below that is not one of the four different types of data processing activities.
deleting | ||
reading | ||
creating | ||
using |
Question 2
All of the following are advantages of an ERP system except
ERPs permit manufacturing plants to receive new orders in real time. | ||
in an ERP, data input is captured or keyed once. | ||
it takes considerable experience and training to use an ERP system effectively. | ||
ERPs permit management to gain greater visibility into every area of the enterprise. |
Question 3
Sam Jones has been the controller of Downtown Tires for 25 years. Ownership of the firm recently changed hands and the new owners are conducting an audit of the financial records. The audit has been unable to reproduce financial reports that were prepared by Sam. While there is no evidence of wrongdoing, the auditors are concerned that the discrepancies might contribute to poor decisions. Which of the following characteristics of useful information is absent in the situation described above?
relevant | ||
reliable | ||
complete | ||
timely | ||
understandable | ||
verifiable | ||
accessible |
Question 4
An ERP system might facilitate the purchase of direct materials by all of the following except
preparing a purchase order when inventory falls to reorder point. | ||
routing a purchase order to a purchasing agent for approval. | ||
communicating a purchase order to a supplier. | ||
selecting the best supplier by comparing bids. |
Question 5
Antia Carmie is the largest collector and retailer of Japanese fans in the St. Louis area. Antia uses computer technology to provide superior customer service. The store's database system was designed to make detailed information about each Japanese fan easily accessible to her customers. Accordingly, the fan price and condition are provided for each fan, along with many pictures of each fan. In Antia's database, the price of the Japanese fans is a(n)
entity. | ||
attribute. | ||
field. | ||
record. |
Question 6
Which of the following is not considered a source document?
A copy of the company's shipping document. | ||
A copy of the company's ledger. | ||
A copy of the company's sales journal. | ||
A copy of the company's financial statements. |
Question 7
In an ERP system, the module used to record data about transactions in the disbursement cycle is called
financial. | ||
order to cash. | ||
customer relationship management. | ||
purchase to pay. |
Question 8
Baggins Incorporated identifies new product development and product improvement as the top corporate goals. An employee developed an innovation that will correct a shortcoming in one of the company's products. Although Baggins current Return on Investment (ROI) is 12%, the product innovation is expected to generate ROI of only 10%. As a result, awarding bonuses to employees based on ROI resulted in
goal conflict. | ||
information overload. | ||
decreased value of information. | ||
goal congruence. |
Question 9
________ are examples of activities that constitute inbound logistics.
Activities that transform inputs into final products or services | ||
Activities that provide post-sale support to customers | ||
Activities that consist of receiving, storing, and distributing the materials used as inputs by the organization to create goods and/or services it sells | ||
Activities that help customers to buy the organization's products or services |
Question 10
In which transaction cycle would information for inventory purchases be most likely to pass between internal and external accounting information systems?
the revenue cycle | ||
the expenditure cycle | ||
the human resources / payroll cycle | ||
the financing cycle |
Question 11
The collection of customer payment is part of which transaction cycle?
the human resources cycle | ||
the production cycle | ||
the revenue cycle | ||
the expenditure cycle |
Question 12
Which of the following is an example of source data automation?
POS (point-of-sale) scanners in retail stores | ||
a bill of lading | ||
a subsidiary ledger | ||
a utility bill |
Question 13
All of the following are guidelines for developing a good coding system except
be as sophisticated as possible to promote usage. | ||
be consistent with its intended use. | ||
be flexible to allow for growth. | ||
be consistent with the company's organization structure. |
Question 14
What is a key decision that needs to be made with regards to borrowing money from lenders?
the location | ||
pro forma income statement | ||
how much capital to acquire | ||
job descriptions |
Question 15
Identify the false statement below.
A service company does not have an inventory system. | ||
Retail stores do not have a production cycle. | ||
Financial institutions have installment-loan cycles. | ||
Every organization should implement every transaction cycle module. |
Question 16
The chart of accounts of a fast-food restaurant would probably include
a list of customers. | ||
a list of financial statement accounts. | ||
a list of vendors. | ||
a list of employees. |
Question 17
Which statement below regarding the AIS is false?
Traditionally, most AIS have been designed so that both financial and operational data are stored in a manner that facilitates their integration in reports. | ||
The AIS must be able to provide managers with detailed and operational information about the organization's performance. | ||
Both traditional financial measures and operational data are required for proper and complete evaluation of performance. | ||
The AIS was often just one of the information systems used by an organization to collect and process financial and nonfinancial data. |
Question 18
In Petaluma, California, electric power is provided to consumers by Pacific Power. Each month Pacific Power mails bills to 186,000 households and then processes payments as they are received. What is the best way for this business to ensure that payment data entry is efficient and accurate?
well-designed paper forms | ||
turnaround documents | ||
source data automation | ||
sequentially numbered bills |
Question 19
Data must be converted into information to be considered useful and meaningful for decision making. There are seven characteristics that make information both useful and meaningful. If the same information can be reproduced by two independent and knowledgeable people, it is representative of the characteristic of
verifiability. | ||
truthful. | ||
relevance. | ||
reliability. |
Question 20
Antia Carmie is the largest collector and retailer of Japanese fans in the St. Louis area. Antia uses computer technology to provide superior customer service. The store's database system was designed to make detailed information about each Japanese fan easily accessible to her customers. Accordingly, the fan price and condition are provided for each fan, along with many pictures of each fan. In Antia's database, the data about each Japanese fan represents a(n)
entity. | ||
attribute. | ||
field. | ||
record. |