QUESTION 1:This Excel add-in is helpful for quickly solving linear programming and other optimization problems.

a.Excel VBA

b.Analysis ToolPak

c.Optimizer

d.Solver

QUESTION 2:Consider the device you're taking this quiz on right now. What is your reservation price?

a.The highest price a buyer is willing to pay to purchase it.

b.The lowest price you're willing to accept to sell it.

c.The most recent price in a sale of a similar item.

d.The equilibrium price in a competitive market

QUESTION 3:Lisa sells earrings for $30 and necklaces for $40. It takes 30 minutes to make earrings and 1 hour to make a necklace., Lisa only has 10 hours a week to make jewelry. Which is one inequality that describes this problem

a.Profit = 30 x + 40 y

b.max {30 x + 40 y}

c.30 x + y < 10

d.0.5 x + y 10

QUESTION 4:What is the weighted average cost of capital (WACC) of a firm?

a.Cost of Equity* Percent of Equity in capitalization + Cost of Debt * Percent of Debt in Capitalization

b.A method of accelerated depreciation

c.The internal rate of return for a corporate investment

d.Probability of B given A times the Probability of A Divided by the Probability of B

QUESTION 5:What do public companies use as the present value discount rate when analyzing investments?

a.US Treasury Rate

b.Marginal Rate of Substitution

c.Internal Rate of Return

d.Weighted Average Cost of Capital

QUESTION 6:What is correlation?

a.A statistical measure of risk.

b.A philosophical concept about how the world works.

c.The slope of the line created by a regression.

d.A statistical measure of the tendency for two values or variables to change together, in either the same or opposite way.

QUESTION 7:What is behavioral economics?

a.Discipline that examines the economic behaviors of rational actors

b.branch of economics that examines games like the Prisoners' Dilemma

c.Branch of classical economics that deals with consumer and firm decision-making

d.Discipline that combines insights from economics and psychology to understand decision-making

QUESTION 8: What does prospect theory say about how we experience gains and losses?

a: We regard losses as roughly equally important as gains of comparable magnitude.

b: We have inconsistent attitudes(noise) with respect to gains and losses.

c: We regard losses as considerably more important than gains of comparable magnitude.

d: We regard gains as considerably more important than losses of comparable magnitude.

QUESTION 10: A person is said to beboundedly rationalif:

a.She is always able to make the best decision, regardless of the number of options to choose from

b.She is able to assess only some of the possible feasible solutions to a problem

c.Her decisions are always self-interested, omniscient, deliberate, and optimal.

d.She is able to assess all the possible feasible solutions to a problem

Question 10: Match the linear programming concepts to the corresponding Solver parameters

A.Set Objective

B.By Changing Variable Cells

C.Decision Constraints

Objective Function_______ ______

Decision Variables ______________

Constraints ______________________