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The PepsiCo Distribution Channels Report

Introduction Marketing of any product is essential for it to gain fame in the market. It can be described as the process through which firms show out their products to the people in order for them to buy their products. Products that are not advertised to the people stay a for a long period of time and may even end up expiring. Marketing therefore can also be described as the process of trying to put sense to the consumers about the value of the product. It may also be in term of the services that are offered. It usually aims at knowing the customers needs and doing best to achieve customer satisfaction. These are usually done by the exchange products in the market that helps a firm to create a long term relationship with its consumers. It also entails the concept of consumer positioning. Customers are positioned according to their needs and wants. These makes it easier for an organization to produce what the customers wants. A firm must also have a distribution channel for the goods and services to be sold with ease. The distribution channel ensures that the services offered and the goods sold are availed to the customers at their comfort zones. The channels also act as intermediaries between the consumers of the products and the producers. The agents can mix the products for them to make the work easier. The most essential thing in the distribution channel is the product. It is usually considered as an element of the marketing mix. If the customers are not satisfied with the products, then it is the intermediary who reports these back to the organization. The product that is produced by a firm needs to be attractive for it to sell in the market. In the distribution channels, there are many conflicts that arise as a result of the intermediaries. These may be as a result of jealousness or one intermediary feels he / she is more superior to the others. The conflict may make the distributors not to achieve the objectives of the organization thereby leading to the failure of the firm. The brand of a product speaks a lot about the product. An attractive brand name will attract the consumers to use the products. The PepsiCo is a firm that mostly deals in the processing and the distribution of juices and snacks. This research is about the PepsiCo and the overall organization structure. The study was based on both primary data and secondary data. The descriptive study determines and reports the way things are, research was guided by descriptive survey to establish the purpose of the report. The research was mainly a case study, which was geared towards finding a solution to a problem and identifying cause of an occurrence. Case studies provide detailed analysis of a situation to enable scholars arrive at a concise conclusion. Concrete questioners were distributed throughout the company for response. They were filled and returned for the research. The purpose of this study therefore, is to describe the existing distribution channels of the PepsiCo by looking at the company’s structure, how the channels are allocated, their flows, and the members. The paper also looks at the ability of the company to satisfy its customer’s demands by providing adequate and sufficient services (Danqin

My Personal Culture

Introduction The typical cave discovery tells us how people lived thousands of years ago. Likewise a family’s personal history tells the story of the family but it also indirectly records society and how it affected them as individuals, as a family, and as a community. Many families take great care to safeguard their family stories and pass them down to future generations through recorded documents and oral history. This ensures that all future generations are aware of the struggles and hardships endured by their ancestors that shaped the early generations. Family history was most often recorded by those who had inherited their wealth or social status and others, who had inherited nothing, would often suppress their family history as a matter of shame. The Webb family boasts no family historian, genealogist, or biographer. Those that are aware of the facts have long passed and the few that remain can only reveal bits and pieces of fading memories. This paper is an attempt to piece together the memories, stories, and historical data of the time to tell the story of my family. Life in a company town With the construction of railroad lines in the first decades of the new century coal mining operations and coal towns began springing up almost overnight. To accommodate the influx of workers mine owners had to offer housing and other luxuries to the families migrating to the newly established communities (Buckley, 2004). The majority of Southwest Virginia’s mountain residents lived settled sparsely in hollows (“hollers”) between the hills, along creek beds, and on hillsides so many companies had to entice workers from outside the region to move their families into areas that appeared unlivable. This was easier for companies mining in the Appalachian fields since the area accounted for over 90% of the total amount of coal mined in the United States during the 1920’s (Buckley, 2004). The early success of extracting ‘black diamonds’ would be short lived as the onset of such tragic events as World War I and the Great Depression subdued king coal. The early days of coal town living was never discussed amongst my family. My grandfather was born just one year after the fighting in World War I ceased and he lived to survive many other tragic events in American history but never recounted any tales outside living in a coal camp with his family. It is unclear where he was originally from as he never talked about his days growing up or his parents except to tell his father’s name in brief stories of glory days gone by. An interview with his youngest daughter did not shed any light on his mysterious past. She recalls growing up in the same small town in Southwest Virginia but she struggled to recount her experiences growing up in a mining community. My mother was not able to provide much more detail and only confirmed the information I had already attained. Historical fact paints a good picture of their experience and may help explain why family history was not more of a priority. It is unclear whether the family purposefully chose to conceal this time in history or not. The premise may have been to protect future generations from the dark days of struggle the family endured. Only those who have left this life know that answer and those of us who remain must speculate. The coal mining towns were typical of industrial towns in other parts of North America and Western Europe. The houses were usually identical, functional and of simple design. The mining towns were representative of frontier communities. Initially there were few amenities but as the towns grew conditions improved. Schools were opened in the mining towns soon after families arrived in the district. Hotels, a post office, retail businesses, banks, newspapers and churches and sometimes and opera house or theatre were features of all the major communities. Lodges were important in many communities and the members performed a variety of social and cultural functions in the towns (Buckley, 2004). The company store was not just the local grocery store. It was often the center of life in a coal mining town. Every town had one, and everyone shopped there. The company store was usually located near the railroad tracks in the town. Everything that a family might want or need could be bought in the store, from food to clothing, from hardware supplies and the miners’ tools to furniture and appliances. My grandfather often compared the company store to our modern day mall and would describe his days of shopping after having received just over two dollars for a whole days work. I never remember hearing my family tell stories about hardship or struggle. In fact, I do not recall ever hearing my grandparents or parents talk about tragedy and triumph, good conquering evil, or good vs. bad. It is as though my entire ancestry had taken a vow of silence. There were no discussions around the dinner table, no meaningful conversations about future goals, and no retelling of early family experiences. Even my earliest memories capture only a glimpse of the events that shaped our family’s values. Since the days of my great-grandfather all that seems to have been known was working and living in a coal town. This was considered such laborious work but it seemed to appeal to my ancestors. The code of silence not only encompassed family values but permeated every aspect of family life and living. There were never discussions about diversity of religion, gender, race, or nationality. Even the major events of the time did appear to strike the heart of our family. It is as though they had shut off the world around them and relished in one another’s presence. My father was a stern man. He did not speak much but he had an aura about him that did not require him to. Working around the home was expected and long hours were customary. Dinner had to be prepared and ready to serve as he arrived home from work and the menu always consisted of the family staple: pinto beans and corn bread. Although never spoken we understood that we did not question our father. His rule was not a democracy and at times he ruled with an iron fist. As boys we were expected to do the ‘manly’ work around the home and our sister was expected to take care of the house and learn to cook. I believe education intimidated my father. He dropped out of school at 13 years of age and never returned. He struggled to read and write and may have compensated by entrenching himself in his trade. There was only one high school graduate in three generations of males in our family. Young men were expected to drop out of school, if necessary, and go to work in a coal mines. In the last 100 years there have only been two college graduates in our family and those experiences were not celebrated. Education was never criticized openly but neither was it lauded in the eyes and ears of the children. I never remember relationships being very important in our family. Affection was not shown openly and never discussed in the presence of children. Those who were married seemed to love one another but did not use words to express their fondness. It was simply understood that their devotion coexisted. This lack of communication carried over in all the relationships within the family. Sitting down to have a meaningful conversation was not something anyone considered doing. Somehow, as children, each of us knew that significant communication was not valued by our parents or grandparents. Parents simply had a way of looking at a child that communicated it was time to stop and toe the line or suffer the consequences. The consequences were most often administered by the males in the family and each of them had a difficult time maintaining control and would often discipline in ways that would be considered child abuse today. For example, I can remember my grandfather laughing while he was telling the story of throwing large rocks at his boys after they had gotten into trouble. He was laughing as he remembered hitting them with the rocks. Spillover from company town experience My grandfather survived the Great Depression but I do not believe he was unscathed. He was a teenager at the time and forced to give up his childhood and enter the workforce at a very early age. He would tell stories of being 13 and working in coal using picks and donkeys pulling small cars in water up to his chest just to make enough money to help feed his family for the day. For as long as I can remember my grandfather was an alcoholic. He drank from the time he woke up in the morning until he fell asleep at night. I believe he wanted to avoid the scars from so many years of hard living. Unfortunately, each generation that followed mirrored his reluctance to talk about the issues that made life difficult. He had become complacent living in a coal town and his children had become content because it was the only life they knew. In a sense he served the family as he had been served by the company. Each of his children lived in homes that were similar and each of his boys worked long hours in the coal mines starting around the age of 13. The girls stayed at home to help keep the house, tend the garden, and prepare meals for their brothers. I never remember our family talking about religion but it must have been important to our community because there are six churches in an area that is only 0.2 square miles (Bureu, 2000). Each hollow has its own small church with many of them still functioning today despite having a population of just over a thousand residents. Religion was a taboo subject although no one in the family ever forbade it. There was a sense that no subject was worthy of discussing openly as a family. This would fall in line with the ideology of our earliest remembered ancestor Andrew Webb. Church and the idea of God were not promoted nor denied amongst our family. The attitude resembled the same attitude of the character John Walton from the television series The Waltons. The men in our family were very good-natured and wise, but also fearless, ready to stand up to a challenge and tell it like it is. This personality sometimes causes him to get very brash, even towards his children and wife on occasion, and he can also get into the mindset of a workaholic when heavily stressed. They were somewhat non-religious although there were brief moments when God was acknowledged as Creator. The code of silence established by my ancestors runs deep in our family. The current generation does not communicate any differently than those before us. Most often the family can be found together in the midst of tragedy and then the visits are short lived. Family reunions have never been a priority. Although most of the family lives in the county communication is almost nonexistent. Even while gathering information for this paper I found it difficult to talk to relatives about our family history. We had never discussed such things and the idea of having to ask for information about our ancestral past was daunting. There are times I am very aware that my attitude and communication style, or lack thereof, closely mimics that of my ancestors. It is a daily struggle to do things differently and one that sees moments of victory and defeat. I work each day to better communicate with my children. It seemed much easier when they were younger children. As they get older it becomes more of a task for me to communicate because I do not have any experiences to compare it to. My father never talked to me and never allowed his children to see him cry. My children have seen their father show a range of emotions. This has not always been an easy task and one that takes thought on my part. I am careful to explain to them that emotions are a natural and healthy way to promote self care and are every part of being a man. I also explain that there are times when emotions are not appropriate and should be subdued until a more appropriate time to show them. This is something I can never remember my grandfather or father ever discussing. Their lack of doing has made raising children more difficult and stressful. The major difference in our home as compared to what I am aware of in my parents’ home and grandparents’ home is a willingness by my wife and I to talk to our children when they have questions. When they are not asking questions we are. This keeps the lines of communication open and hopefully will instill in them a greater sense of family and increase their world view. Becoming a sensitive multicultural counselor At the age of 18 I enlisted in the United States Army. There was a passion in my heart to move beyond what I knew growing up. I knew there was more to the world around me than coal. My only experience with other cultures came from brief encounters in school and television. I was fortunate to have the opportunity to enlist and move outside the box that had been built by my great grandfather and propagated by those who would follow in his footsteps. A whole new world was opening up before me and my life has been enriched by the adventure. As I look back I am dumbfounded. My parents had never spoken of other cultures or about how we should interact with people of a different race, ethnicity, or sexual orientation. I often hear people use the term culture shock when being thrust into a different culture for the first time. This is something I did not experience after enlisting. I had never been around people of color, Mexicans, Latinos, or Puerto Ricans but I did not experience uneasiness in my new environment. There was something deep inside of me that made this new experience right. I cannot explain where it came from or who had instilled this inner strength in me but I believe it was this inner strength that made this major life transition successful. This is a strength I take with me into the counseling field. Through counseling I am able to once again experience a journey into a variety of different cultures. I believe I am also able to listen to others as they tell their story. I spent a lifetime listening but believe that through my experiences in the military my listening skills have been honed so that I can truly hear what people are saying. My experiences strengthen my belief that I am not judgmental towards those I counsel. I avoid reading client histories before a meeting because I do not want to make rash judgments about who the individual is. I have found that the individual is nothing I expected and only vaguely resembles what I read in documentation after our initial meeting. I do believe that another strength I bring to the counseling field is my willingness to learn from others. I do not see myself as being master of anything but a student of all things. One skill I took from my ancestors that increases my success in the counseling field is my work ethic. My work ethic may very well be the greatest tool passed down by my family but it also lends itself to great struggles and stress. I sometimes allow myself to be taken advantage of by others in order to complete a task. My basic belief is that we should prefer our brother in matters of life and success. This is not necessarily our biological brother but more a reference to the people around us. There are times when I am silent and should not be. The silence creates a wall between the client as well as co-workers. Accompanying the silence is an inner critical voice that is often harsh and unrelenting. This causes me to question interventions I use with clients and to doubt the skills I have gained through experience and education. I am also not readily accepting of my own heritage. I feel like I fight daily to prove to myself and the world that I am not following in the footsteps of those before me because I do not like where they have been. This could create a problem when working with families that have children rebelling against family norms. I might see myself being more sympathetic to a young person trying to come out from under a bleak ancestral tree. I might also be more tempted to be satisfied with surface problems and avoid digging deeper with clients and their families to get to the underlying issues. This would be placing a Band-Aid on their mental health problems and not facilitating solutions. Having brothers that followed in the footsteps of our ancestors made choosing a different path more difficult. To my knowledge I am the only male in our family to ever graduate from high school. Everyone else dropped out to work in the coal industry by the time they entered their freshman year and most before leaving elementary. This would make me the first male to enroll in college and the first member of our family, male or female, to graduate with a Master’s Degree and the only member of our family working in a profession that requires licensure. Breaking away from the generational pattern has not been an easy task. I chose to stay in the same community that I grew up in and our family name is not prominent or known for contributions to better the community. An advantage is that I am very familiar with the culture of our area but I have also been privileged to experience a variety of different cultures and learn from them. I owe this success to my decision to enlist in the military just after finishing high school. This did not allow me time to settle for what was acceptable in the community and it challenged me to move outside my comfort zone. The reward has been an expanded world view. I have experienced other cultures that many in my community will only know from books and movies. As I write this paper I am reminded of the character Peter Petrelli from the television series Heroes. He is a dreamer that always believed he was meant for something more than the existence he knew. I too have believed that I was destined for something more than coal towns and mining. Innately, whether we voice it or not, as human beings we have a desire to make our lives matter, to count for something. And yet, while the desire is there, it can be very challenging to determine how to make a difference and feel content with our offering to humanity. Recruiting providers to the area is difficult and time consuming. Those who do decide to work in the area often choose to leave after only a short stay or they simply do not understand the culture. I am able to incorporate my experiences in other cultures with a complete understanding of the indigenous culture. With an increased knowledge base I am able to work at passing on to my children an increased understanding of other cultures while respecting the culture of their ancestors. This ensures a lasting legacy for future generations of our family that choose to live in this community. Conclusion At the age of 40 I am much like my father. I am a stern man and would prefer to be a man of few words. My wife of 17 years, my opposite, compliments me very well and is the main reason I do not rule my house with an iron fist like my father. We fit together like gears in a wheel. She does however prefer the more traditional roles for women and would much rather stay home to cook, clean, and take care of our two children than work. Next to my wife my two sons have had the greatest impact on my life. Seeing them born really reinforced my belief that we have to be responsible, hard working caretakers of a very precious treasure. I wanted them to see that education was important so I returned to college when I was well into my 30’s. My wife and I want them to know that family is important so we do a lot of things together as a family. We talk to one another and to each of them daily because we want them to value communication within the family. Mather, Black, and Sanders (2007) wanted to dispel the mistaken belief that people from the Appalachian region had boxed themselves off from mainstream American culture. They point to stereotypes and fictional Appalachian tales “invented by local color writers” (Black, as the source of confusion about the people living in the area. We work each day to ensure our children understand their culture but we also encourage them to be open to different cultural experiences so their lives will be richly rewarding. BIBLIOGRAPHY Black, D., Mather, M.,

UV Neural Network & Machine Learning Model Discussion

online assignment help UV Neural Network & Machine Learning Model Discussion.

Part 1:Discussion  (Chapter 6): List and briefly describe the nine-step process in con-ducting a neural network project.
Your response should be 250-300 words.
There must be at least one APA formatted reference (and APA in-text citation) to support the thoughts in the post. Do not use direct quotes, rather rephrase the author’s words and continue to use in-text citations.
Part 2: we need to respond to 2 of the class mates posts.
Required Text
Title: Business Intelligence and Analytics
ISBN: 9780135192016
Authors: Ramesh Sharda, Dursun Delen, Efraim Turban
Publisher: Pearson
Publication Date: 2019-01-04
Edition: 11th ED.

UV Neural Network & Machine Learning Model Discussion

Livingstone Consultants Agency’s Strategic Initiative Essay

Introduction Omondi (2009) asserts that there is a direct relationship between strategic and financial planning for any firm. Business strategies affect the finances of a business by increasing costs and reducing or increasing sales volumes for the firm. Livingstone Consultants is a real estate agency firm that offers consulting services related to all aspects of buying a home (Podolski, 2007). As a real estate agency, Livingstone Consultants understands that there is a lot of competition in the market. As a result, Livingstone Consultants has decided to engage in a new market strategy that will attract more customers (Podolski, 2007). The new strategy will involve the aspects discussed below. Discussion All potential customers will not be charged any consultation fees when they come to Livingstone Consultants for any kind of consultation. This will mean that Livingstone Consultants will have to depend on commissions that mortgage and other parties such as real estate developers will give them for every customer they bring (Podolski, 2007). To be able to create the Livingstone Consultants brand as a household brand that every potential consumer would think of when they want to procure any form of real estate, Livingstone Consultants will engage in continuous marketing of the firm on all media outlets such as TV, magazines and the internet (Podolski, 2007). Effects on costs The strategy will increase the costs of the firm because consultations will be offered to many customers. Increased advertising will also increase the costs because each advertisement has to be paid for. Since the consultation will be free, this may attract a lot of people including those who have no intentions to buy a home, because people like free things and will take them even if they do not need them. Effects on sales Although this strategy will increase the costs of Livingstone Consultants, it will work well for them since it will increase sales. As explained above, offering free consultation will attract as many customers as possible. This will give the marketing team an opportunity to get as many deals as possible. Even though most of these customers may not be interested in buying a home, they could be persuaded to buy because of the good offer they are granted. For every sale made, Livingstone Consultants will get more commissions from mortgage providers and real estate developers, and thus recover the marketing expenses and still make some reasonable profit margins (Podolski, 2007). Risks According to Podolski (2007), any business strategy will bear some sort of risk. The strategy for Livingstone Consultants assumes that offering free mortgage consultations to consumers will give them a chance to increase their sales, by attracting as many curious people as possible. This decision was reached after Livingstone Consultants realized that charging for this consultation was actually limiting the number of potential customers (Podolski, 2007). The main risk with this strategy is that there is no guarantee that there will be a direct correlation between offering free services and increasing sales. This is because even the mortgage providers and real estate developers offer free real estate advice to customers. If offering free consultation and advertising more aggressively will not increase the sales volume, Livingstone Consultants will end up making heavy losses and fail to recover (Podolski, 2007). References Omondi, W. (2009). Understanding Business Strategy. Journal of Business Management, 4 (5), 49-52. Podolski, J. (2007). Business Strategy and Risk Mitigation. New York: Pearson Education. Get your 100% original paper on any topic done in as little as 3 hours Learn More

Managerial Economics Quiz

Managerial Economics Quiz.

QUESTION 1Firms that buy inputs from suppliers have more bargaining power when:A.they purchase a relatively small quantity of productB.the costs of switching suppliers are lowC.the suppliers sell highly differentiated productsD.there are many other buyers in the market3 points QUESTION 2If a firm successfully differentiates its product from other products in the market, then we should expect the elasticity of demand for the differentiated product to become:A.We do not have enough information to answer this questionB.more inelasticC.more elasticD.retain the same elasticity of demand4 points QUESTION 3Which of the following factor does NOT contribute to higher rivalry in a market?A.Large number of competitorsB.Fast growth in the marketC.Low switching costs for buyersD.High fixed costs3 points QUESTION 4Movie theaters tend to charge higher ticket prices for evening and weekend shows. This implies that the demand for these tickets is relatively:A.necessaryB.inelasticC.elasticD.unresponsive to income changes3 points QUESTION 5Recently, Quandl announced that they were purchased by NASDAQ. Both firms provide historic market data and other information about exchange transactions in equity and futures markets, so they offer substitute products. After the merger is completed, we should expect that the price of these market data products offered by the combined firm will:A.declineB.increaseC.We do not have enough information to answer this questionD.remain unchanged3 points QUESTION 6Suppose the marginal cost to produce Apple iPhones is $400 per phone. Initially, the elasticity of demand for the iPhone is -2 when the product has no close substitutes. As other smart phones enter the market place, the elasticity of demand for iPhones changes to -3. If Apple is setting prices to maximize profits, how much should the iPhone price decline in response to the entry by competing phones?A.$200B.$300C.$400D.$6004 points QUESTION 7To successfully adopt a price discrimination strategy, the seller able to know which customers belong to the different pricing able to prevent resale between buying groupsC.offer distinct products for each separate pricing able to identify the willingness to pay for each individual customer4 points QUESTION 8Which group is offered the lower price under a price discrimation scheme?A.Inelastic demand groupB.Elastic demand group3 points QUESTION 9The remaining consumer surplus is zero under a successful first-degree price discrimination scheme. True False3 points QUESTION 10In general, women’s clothing items (e.g., running shoes) have higher prices than comparable products designed for men due to price discrimination. How do the clothing sellers prevent resale in these markets?A.State consumer protection laws prohibit selling goods intended for one group to members of the other groupB.The clothing products are differentiated by styling or design featuresC.Price discrimination is not possible in clothing marketsD.The retailers are prohibited from selling products intended for one group to members of the other group4 points QUESTION 11Which of the following claims is NOT true?A.Volume discounts are not a form of price discriminationB.Bundling is profitable if the willingness to pay for the bundle is more homogeneous than the willingness to pay for the bundle componentsC.Price discrimination is feasible if the costs of arbitrage exceed the difference in prices charged to the different customersD.If arbitrage between customers is possible, the seller should offer uniform prices3 points QUESTION 12Metering is a type of direct price discrimination. True False3 points QUESTION 13The joint payoffs to both players in a prisoners’ dilemma would be higher if the players could collude. True False3 points QUESTION 14Which of the following statements is true?A.One of the players must have a first-mover advantage in a two-player sequential gameB.Nash equilibria are only defined for repeated gamesC.Players take actions that maximize their joint profits under a Nash equilibriumD.There may be no unique Nash equilibrium to a two-player simultaneous game.4 points QUESTION 15Please refer to the game associated with Multiple Choice question 8 in Chapter 15. If the low price / low price payoffs for both players are 30 (instead of 0), is this game a prisoners’ dilemma?A.YesB.No3 points QUESTION 16Please refer to the two-player simultaneous game in Multiple Choice question 3 in Chapter 16. How many pure strategy Nash equilibria does this game have?A.0B.1C.2D.33 points QUESTION 17Sonny and Cher were a popular singing duo in the 1970’s. After establishing their success in the music business, they met to decide how future earnings should be split among the two partners. Together, they could earn $5 million per year from their music act. Separately, Cher could earn $1 million as an actress, and Sonny did not have any outside options for employment. How much of the $5 million joint earnings should be paid to Cher?A.$1 millionB.$2 millionC.$2.5 millionD.$3 million4 points QUESTION 18For threats or commitments in a game to be effective, they must be:A.credibleB.irrationalC.ethicalD.None of the above3 points QUESTION 19The prospects for success facing your startup are risky: there is a 0.5 probability that you lose $1 million, 0.2 probability that you break even, and 0.3 probability that you make $5 million. What is the expected return from the startup?A.Lose $1 millionB.Break evenC.Gain $1 millionD.Gain $1.5 million4 points QUESTION 20Your ad agency advises you that the new email marketing campaign that they designed is expected to have 0.3% of the messages opened. Then, 10% of the recipients who open the email message with click through to your website. If you send the email marketing message to 500,000 people in the first round, what is the expected number of people who will visit your website?A.150B.1500C.15000D.1000003 points QUESTION 21Which type of randomness can be fully described by a probability distribution?A.RiskB.UncertaintyC.Both of the aboveD.None of the above3 points QUESTION 22Which of the following statements is NOT true?A.The outcomes from Vickrey auctions are identical to first-price sealed bid auctionsB.English auctions are also known as oral auctionsC.Common value auctions are subject to the winners curseD.Oral auctions are also second-price auctions4 points QUESTION 23The prices achieved by common-value auctions tend to increase as more information is provided to buyers. True False3 points QUESTION 24There are five buyers at an online book auction with willingness to pay {$20, $25, $30, $30, $40}. What is the likely value of the winning bid?A.Just over $25B.Just over $30C.Just over $35D.Just under $403 points QUESTION 25In a situation subject to asymmetric information, which party should use the screening techniques?A.Less informed partyB.Neither party should use screensC.We do not have enough information to answer this questionD.More informed party4 points QUESTION 26Which of the following actions can be an example of a signal designed to reduce the impact of asymmetric information?A.A money-back guaranteeB.Students pursue graduate trainingC.Students take an unpaid internshipD.All of the above3 points QUESTION 27A business owner attains a bank loan to purchase a new delivery truck for the business, but they use the funds to take a vacation to Australia. Which of the following terms describes the problem with this situation?A.Adverse selectionB.Moral hazardC.Both moral hazard and adverse selection D.There is not a problem with this situation3 points QUESTION 28Firms that hire outside consultants can reduce the impact of moral hazard by:A.hiring work on a fixed-fee basisB.monitoring the quality of the completed workC.hiring consultants with an established reputation for not shirking D.All of the above3 points QUESTION 29Please refer to Individual Problem 20-5 in Chapter 20. If the client pays the cost for Form A for all forms processed, what is the average gain or loss earned across all forms processed?A.Lose $0.10 per formB.Break evenC.Gain $0.10 per formD.Gain $0.15 per form3 points QUESTION 30Which of the following statements about moral hazard is true?A.Moral hazard arises from actions that cannot be observedB.Shirking is a form of moral hazardC.Moral hazard involves taking excessive riskD.All of the above
Managerial Economics Quiz