1. Often times co-workers are put together as a team to complete a project. When this happens then it is very likely that some team members will 'shirk' their responsibilities and watch the others do the work. In the literature, this is especially true if they know that others make more money than them. How can management overcome this situation? Have you encountered this problem? I have.

Incidentally, a graduate student in the Ph.D. program I attended wrote his dissertation along this subject. He related this topic to NBA basketball. Each player on the team is a team member. Will some slack off and others work harder? Will there be those who do not get paid as much as the stars not pass the ball to the stars and keep the ball for themselves? He did a study on the Chicago Bulls team when they had Michael Jordan and he found that the number of assists where on par with all the other teams. This went counter to what the literature says. What do you think this student's reasoning was for this?

Answer this question with FOUR-SIX paragraphs.

2. 1) Generate alternative capital investment project proposals. 2) Estimate cash flows for each project proposal. 3) Evaluate and choose which investment project to undertake 4) When completed review the investment project to see which assumptions about the project were correct.

What is the point of looking at the assumptions made after the investment was completed? Would it be better if the review was undertaken at earlier intervals, such as the mid-way point or sooner? Have you, or any one that you know of, been in a position where you had to review the assumptions made after the project was completed? Was it helpful?

3. Assume you could run any kind of regression that you want. Which regression equation would you run. What would be your dependent variable and what would be your independent variables. Think outside the box. This could be anything you want. For instance, and do not use this item, I would like to be able to run a regression to be able to predict housing prices. This way, I would know if this is a good time to put my house on the market. My independent variables would be houses currently on the market, current housing permits, age of the residents within the region and perhaps age of the houses in the region. Again, this could be anything you want. Think outside the box. Also, state why you would want this information.

Answer in THREE-FIVE paragraphs.

4. In the 16th through the 18th centuries, countries displayed a form of trade called Mercantilism. They engaged in this in order to become more dominant over another country. The idea behind this trade policy is that you continue to export to a country but you do not import anything from them. Therefore, you are selling to them and not buying from them. Over time, countries have dropped this trade policy and they realize that if they export and import from countries, then both countries will get richer and wealthier.

However, does China have a trade policy of Mercantilism? If so, how do they manage this (hint - think in terms of their fixed exchange rate system) and are the Chinese consumers paying the price for this in terms of not being able to buy nice imported products? Do American consumers benefit from this policy? What will happen in the long run if we keep buying from them and they do not buy from us? Is Trump correct to put tariffs on Chinese imports, or does that just raise the price for the common American consumer? Will China change their trade policy?

Answer in FOUR - SIX paragraphs.

In theory - firms are suppose to hir labor up the the point where the marginal revenue product equals the marinal factor cost. Explain what this means and do you find this to be true? When would this not be the case? Have you witnessed this not being the case in your own work experience? Answer this question in TWO-FOURparagraphs.