Docsity
Docsity
Prepare for your exams
Prepare for your exams

Study with the several resources on Docsity

Earn points to download
Earn points to download

Earn points by helping other students or get them with a premium plan

Guidelines and tips
Guidelines and tips
Sell on Docsity
Sell on Docsity
Docsity AI
Docsity AI
Log inSign up

Prepare for your exams

Study with the several resources on Docsity

Find documents

Prepare for your exams with the study notes shared by other students like you on Docsity

Search for your university

Find the specific documents for your university's exams

Docsity AINEW

Summarize your documents, ask them questions, convert them into quizzes and concept maps

Explore questions

Clear up your doubts by reading the answers to questions asked by your fellow students

Earn points to download

Earn points by helping other students or get them with a premium plan

Share documents
download point icon20 Points

For each uploaded document

Answer questions
download point icon5 Points

For each given answer (max 1 per day)

All the ways to get free points
Get points immediately

Choose a premium plan with all the points you need

Study Opportunities

Choose your next study program

Get in touch with the best universities in the world. Search through thousands of universities and official partners

Community

Ask the community

Ask the community for help and clear up your study doubts

Free resources

Our save-the-student-ebooks!

Download our free guides on studying techniques, anxiety management strategies, and thesis advice from Docsity tutors

MGT 100 Exam 2: Questions and Answers, Exams of Advanced Education

Abilene Christian University (ACU)Advanced Education

A compilation of questions and answers related to the mgt 100 exam 2. It covers topics such as entrepreneurial delusions, competition neglect, overconfidence, animal spirits, economic growth, intellectual property rights, inflation, the dodd-frank act, productivity of ideas, institutions, the great recession, modigliani-miller theorem, subprime mortgages, cognitive biases, economies of scope, gdp measures, economies of scale, consumer confidence, walker's framework, generic strategies, customer retention, and preventing imitation. It includes references to key readings and case studies, offering a comprehensive review for students preparing for the exam. Useful for understanding key concepts and theories in management and economics.

Typology: Exams

2025/2026

Available from 12/08/2025

studyclass
studyclass 🇺🇸

1

(1)

28K documents

1 / 6

Toggle sidebar

This page cannot be seen from the preview

Don't miss anything!

bg1
MGT 100 Exam 2 questions well
answered
The Engine of Capitalism - Kahneman from Thinking Fast and Slow - correct
answer ✔✔Optimism in entrepreneurs
1. Entrepreneurial delusions
2. competition neglect
3. overconfidence (CEO, medicine)
4. post mortem
Animal Spirits - Akerlof and Shiller - correct answer ✔✔Chapter 1 -
"Confidence and Its Multipliers."
Chapter 6 - "Why Do Economies Fall Into Depression?" (Focus on pages 64-73
Chapter 10 - "Why is Saving for the Future so Arbitrary?" pgs. 116-130
Mankiw, N. Gregory. Principles of Microeconomics - correct answer ✔✔Ch. 22
pages 480-485
Thaler, Richard H. and Cass R. Sunstein: Nudge - correct answer ✔✔Following
the Herd
Power rating with smiley faces
Walker, Gordon, Modern Competitive Strategy - correct answer
✔✔Competitive Advantage
Google Inc. HBS Eldelman - correct answer ✔✔
pf3
pf4
pf5

Partial preview of the text

Download MGT 100 Exam 2: Questions and Answers and more Exams Advanced Education in PDF only on Docsity!

MGT 100 Exam 2 questions well

answered

The Engine of Capitalism - Kahneman from Thinking Fast and Slow - correct answer ✔✔Optimism in entrepreneurs

  1. Entrepreneurial delusions
  2. competition neglect
  3. overconfidence (CEO, medicine)
  4. post mortem Animal Spirits - Akerlof and Shiller - correct answer ✔✔Chapter 1 - "Confidence and Its Multipliers." Chapter 6 - "Why Do Economies Fall Into Depression?" (Focus on pages 64- Chapter 10 - "Why is Saving for the Future so Arbitrary?" pgs. 116- Mankiw, N. Gregory. Principles of Microeconomics - correct answer ✔✔Ch. 22 pages 480- Thaler, Richard H. and Cass R. Sunstein: Nudge - correct answer ✔✔Following the Herd Power rating with smiley faces Walker, Gordon, Modern Competitive Strategy - correct answer ✔✔Competitive Advantage Google Inc. HBS Eldelman - correct answer ✔✔

Apple Inc. HBS - correct answer ✔✔ Porter, Michael - "The Five Competitive Forces that Shape Strategy" - correct answer ✔✔ Rivkin, Jan and Ann Cullen - "Finding Information for Industry Analysis" - correct answer ✔✔Finding information for Case Comp Southwest Airlines HBS case - correct answer ✔✔ Economic Growth (LR):Direct Contributors to Growth - correct answer ✔✔Labor•Capital•Productivity (Tech, Human Capital, Ideas Economic Growth (LR):Indirect Contributors to Growth - correct answer ✔✔Institutions Economic Growth (SR):The Great Recession - correct answer ✔✔Data•Catalysts•Consequences Scrooge and Intellectual property rights - Stiglitz - correct answer ✔✔Pharmaceuticals - IP are harmful b/c prevents people from getting care that they need What's intellectual property good for? Michele Boldrin & David Levine - correct answer ✔✔IP decreases innovation - viewed negatively - clear distinction between property rights (rivalrous and excludable) and intellectual property rights (non rivalrous and excludable) - IP = intellectual monopoly not good for economy

boosting growth and standards of living - correct answer ✔✔Stimulate Investment (Savings, Foreign Direct Investment) - Education - Health & Nutrition - Property Rights & Political Stability - Free Trade - population growth - Research & Development (Public Good) the Great Recession - correct answer ✔✔Housing Bubble - Global savings glut

  • Subprime lending (Fed increased interest rates from 1.25% to 5.25%) - Turmoil/Liquidity Crisis - Oil Prices Modigliani-Miller Theorem - correct answer ✔✔proposition that a firm's capital structure doesn't matter subprime mortgages - correct answer ✔✔home loans for borrowers with low credit scores google - correct answer ✔✔value drivers cost drivers isolating mechanisms competitive advantages - correct answer ✔✔isolating mechanisms (increase customer retention and reduce imitation by competitors) and market position superior and defendable market position cognitive biases - correct answer ✔✔overconfidence status quo bias availability heuristics (people focus on specific event like shark attacks) anchoring (influenced by outside suggestions) cognitive dissonances (hold wrong belief but have grown up thinking this way so not change - belief at odds with evidence - always thought that)

memory bias (something happens people think they predicted it - of course I knew it) curse of knowledge (you think everyone knows your own knowledge) economies of scope - correct answer ✔✔Cost of producing two products together is lower than the cost of producing them separately GDP Measures - correct answer ✔✔productivity (effiency), expenditure (consumption, investment, gov't purchases, net exports - don't double count), income (compensation of employees, properties income, rental income...) economies of scale - correct answer ✔✔Average cost declines as volume increases based on high recurring fixed costs or sunk costs indicators of consumer confidence - correct answer ✔✔Consumer confidence index - Consumer comfort index - economic confidence index - consumer sentiment index CAPE - actual value to give accurate representation (used to see if there is a bubble) - correct answer ✔✔cyclically adjusted price to earnings ratio = (price/average of 10 yrs earnings) Walker's Framework - correct answer ✔✔1. Attention to the customer precedes competition

  1. Two parts of transaction - Demand: value to customers minus price - Supply: Price minus cost to the firm
  2. Two components = Supply and Demand generic strategies - correct answer ✔✔1. Differentiator - invests in higher value raising costs