Answer the following statements true (T) or false (F)
1. ) The oral interview board is where candidates for promotion are given a situation and must act out how they would deal with the situation.
2. ) The written promotional test essentially measures candidates' job knowledge.
3. ) The performance appraisal can provide invaluable information when making decisions about transfers across units.
4. ) Training is the only method to manage risk for police auto liability.
5. ) The only purpose of risk management is to reduce the risk of litigation.
1. FALSE
2. TRUE
3. TRUE
4. FALSE
5. FALSE
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The commercial banks in Lendland have
Reserves $400 million Loans $3,600 million Deposits $4,000 million Total assets $4,600 million The banks hold no excess reserves. a) Calculate the banks' reserve ratio. b) An immigrant arrives in Lendland with $5 million, which he deposits in a bank. How much does the immigrant's bank lend initially?
A monopolistically competitive industry that earns economic profits in the short run will
A) experience a rise in demand in the long run. B) experience the entry of new rival firms into the industry in the long run. C) experience the exit of existing firms out of the industry in the long run. D) continue to earn economic profits in the long run.
In the context of a controlled experiment, consider the simple linear regression formulation = 0 + 1 + . Let the be the outcome, the treatment level, and contain all the additional determinants of the outcome. Then:
A) the OLS estimator of the slope will be inconsistent in the case of a randomly assigned Xi since there are omitted variables present. B) Xi and ui will be independently distributed if the Xi be are randomly assigned. C) β0 represents the causal effect of X on Y when X is zero. D) E(Y X = 0) is the expected value for the treatment group.
If the current price is above the equilibrium price, we would expect:
A) quantity demanded to exceed quantity supplied. B) upward pressure on price. C) quantity supplied to exceed quantity demanded. D) no change in the market price.