Hello please help me to answer the true or false below. kindly briefly explain your answer thank
Question:
Hello please help me to answer the true or false below. kindly briefly explain your answer thank you in advance.
True or False 1. The principles of managerial economics are applicable only to a profit maximizing organization True False
2. Jollibee Foods Corporation recently signed with Globe Business, which is the ICT arm of Globe Telecom, to centralize its express delivery service to one convenient number #8-7000. This is the technology part of PESTLE Analysis True False
3. Jollibee Foods Corporation produces Halal foods for Kingdom of Saudi Arabia (KSA). The company also carries out a careful analysis of the culture, religion and social values. This refers to the economic part of the PESTLE Analysis True False
4. One of the pressing concerns regarding the Economic aspect of PESTLE Analysis of Jollibee Foods Corporation is the adverse effect of the Covid 19 pandemic. Weak consumer confidence has affected many of the businesses in the country. True False
5. While managerial economics are based primarily on microeconomics principles, they actually differ because microeconomics only provides an explanation on why the company experiences profits or losses, while managerial economics involves making an optimal decision given the current scenario of the organization. True False
6. PESTLE analysis is mainly an analysis of the micro-envirt. True False
7. The time value of money is an important aspect because the value of money in the future is higher than the value of the same amount of money today. It affects important decisions of the organization particularly the investment decision which has a longer horizon. True False
8. A manager can verify the veracity of existing theories which are important to managing an organization, for example, if sales really respond to marketing strategy by doing some regression analysis and conducting hypothesis testing. True False
9. The log-log regression is more advantageous than the linear regression because the coefficients provide the elasticity coefficients already. True False
10. To determine whether the effect of an explanatory variable is positive or negative on the dependent variable, we look at the p value. True False
11. The adjusted R2 is a better measure than the ordinary R2. True False
12. All regressions provide coefficients which prove to have a significant effect on the dependent variable. True False
13. Given Qdx = 30 - 0.5 Px + 0.4 Py + - 0.3 Pz + 0.10 B, where Qdx is the quantity demanded for product "x", Px, Py, Pz are the prices of product "x","y" and "z" respectively, and B is the budget or income. If Py has a p value of 0.21, we can conclude that product "x" and "y" are substitutes and the coefficient attached to Py is significant. True False
14. Given the demand equation in #13, if Pz has a p value of 0.05, we can say that product "x" and "z" are complementary and the coefficient attached to Pz is significant. True False
15. The sign of the own price elasticity of demand is negative. True False
16. If we define the demand equation for Colgate toothpaste, and we include the price of Close up toothpaste, the sign of the cross price elasticity of demand for Colgate and Close-up toothpaste is expected to be positive. True False
17. If we define the demand equation for Nescafe coffee and we include the price of Coffeemate creamer, the sign of the cross-price elasticity of demand for Nescafe coffee and Coffeemate creamer is expected to be negative. True False 18. It is impractical to implement third degree price discrimination if the price elasticity across markets is the same True False
19. The F value shows the variation in the dependent variable due to the error divided by the variation in the dependent variable due to the model True False
20. The difference between the PESTLE and the STEEPLE analysis is the inclusion of ethics in STEEPLE analysis. True False