Indicate which activities of Stockton Corporation violated the rights of a stockholder who owned one share of common stock.

1. Did not allow the stockholder to sell the stock to her brother.

2. Rejected the stockholder’s request to be put in charge of its retail store.

3. Paid the stockholder a smaller dividend per share than another common stockholder.

4. Rejected the stockholder’s request to vote via proxy because she was home sick.

5. In liquidation, paid the common shareholder after all creditors were already paid.

Government regulations require that institutional review boards consist of at least five people, including at least one scientist, one nonscientist, and one person from outside the institution. Most boards are larger, but many contain just one outsider.

(a) Why should review boards contain people who are not scientists?

(b) Do you think that one outside member is enough? How would you choose that member? (For example, would you prefer a medical doctor? A member of the clergy? An activist for patients' rights?)

Amy has $12 a week to spend on coffee and soda. The price of coffee is$2 a cup, and soda is $1 a can. Use this information to work Problems 1 and 2.

Suppose that the price of soda remains at$1 a can but the price of coffee rises to $3 a cup. Draw Amy’s new budget line. If she buys 6 cans of soda, what is the maximum number of cups of coffee she can buy in a week? Has the relative price of coffee changed?

Explain in words and then draw a diagram depicting the pull method of coordinating steps in a JIT system.

Because some southerners feared farmers had become too reliant on cotton, they encouraged farmers to A stop using the cotton gin. B try growing a variety of cash crops. C demand higher tariffs. D introduce cotton and slavery to the West.

Describe the long-term impact of the following events on the price level and equilibrium GDP, assuming that input prices fully adjust to output prices after some lag, using aggregate supply and aggregate demand curves as an example. a. A rise in the money supply happens above potential GDP b. A fall in government spending and the money supply with potential GDP above take place c. With the economy operating at its potential GDP, a conflict in the Middle East temporarily raises energy costs. To deal with the inflation, the Fed increases the money supply.

(Computer-Assisted Instruction: Reducing Student Fatigue) One problem in CAI environments is student fatigue. This can be reduced by varying the computer’s responses to hold the student’s attention. Modify the program of earlier example so that various comments are displayed for each answer as follows:

Possible responses to a correct answer:

Very good!
Excellent!
Nice work!
Keep up the good work!

Possible responses to an incorrect answer:

No. Please try again.
Wrong. Try once more.
Don't give up!
No. Keep trying.

Use random-number generation to choose a number from 1 to 4 that will be used to select one of the four appropriate responses to each correct or incorrect answer. Use a switch statement to issue the responses.

The Southwestern Oil Exploration Company is considering two mutually exclusive plans for extracting oil on property for which it has mineral rights. Both plans call for the expenditure of $\$ 12$ million to drill development wells. Under Plan A, all the oil will be extracted in one year, producing a cash flow at the end of Year $1(t=1)$ of $\$ 14.4$ million. Under Plan B, cash flows will be $\$2.1$ million per year for 20 years.

Construct NPV profiles for Plans A and B, identify each project's IRR, and indicate the approximate crossover rate of return.

Fill in the blanks. a. An oil company acquires mining rights to a silver deposit. It is not obliged to mine the silver, however. The company has effectively acquired a ___________ option, where the exercise price is the cost of opening the mine and extracting the silver. b. Some preferred shareholders have the right to redeem their shares at par value after a specified date. (If they hand over their shares, the firm sends them a check equal to the shares’ par value.) These shareholders have a ________ option. c. A firm buys a standard machine with a ready secondhand market. The secondhand market gives the firm a ________ option.

Use the demand curve in Figure BP-1 to derive a demand equation.

Prepare an answer sheet with the column headings that follow. For each of the following transactions or adjustments, indicate the effect of the transaction or adjustment on assets, liabilities, and net income by entering for each account affected the account name and amount and indicating whether it is an addition (+) or a subtraction (-). Transaction a has been done as an illustration. Net income is not affected by every transaction. In some cases, only one column may be affected because all of the specific accounts affected by the transaction are included in that category.

b. Sold land that had originally cost$39,000 for $34,200 in cash. c. Recorded a$204,000 payment for the cost of developing and registering a patent. d. Recognized periodic amortization for the patent (in part c) using the maximum statutory useful life. e. Capitalized $9,600 of cash expenditures made to extend the useful life of production equipment. f. Expensed$5,400 of cash expenditures incurred for routine maintenance of production equipment. g. Sold a used machine for $27,000 in cash. The machine originally cost$90,000 and had been depreciated for the first two years of its five-year useful life using the double-declining-balance method.

What is the relationship between the biota and the biosphere?

Which of the substances S$_8$, CaCl$_2$, SOCl$_2$, NaF, CBr$_4$, BrCl, LiF, and AsH$_3$ are:

(a) largely ionic?

(b) nonpolar covalent?

(c ) polar covalent?

Indicate which activities of Stockton Corporation violated the rights of a stockholder who owned one share of common stock.

1. Did not allow the stockholder to sell the stock to her brother.
2. Rejected the stockholder's request to be put in charge of its retail store.
3. Paid the stockholder a smaller dividend per share than another common stockholder.
4. Rejected the stockholder's request to vote via proxy because she was home sick.
5. In liquidation, paid the common shareholder after all creditors were already paid.