Macroeconomics Answers

An individual “Disburse Cash” event is typically linked to (check all that apply):

A. One specific “Issue Debt” event

B. Multiple “Issue Debt” events

C. Multiple “Issue Stock” events

D. One specific “Issue Stock” event

The M:N relationship between the Request Inventory and the Order Inventory events has a minimum cardinality of 0 in both directions because

A. every request must be linked to at least one order.

B. Some requests are denied and thus are never linked to an order.

C. Some orders may be linked to more than one request.

D. all orders must be linked to at least one request.

Which of the following statements are true?

A. Relationships between resources and agents can be modeled to depict accountability and responsibility.

B. Relationships between two resources can be modeled to depict location information.

C. Relationships between two agents can be modeled to show supervisory relations.

D. All of these are correct.

Which of the following events in the HR/Payroll cycle are typically modeled as having an M:N relationship to the agents who participate in that event? (Check all that apply.)

A. Training

B. Hire applicants

C. Evaluate performance

D. Time worked

In the financing cycle, which event(s) contain information about dividend payments?

A. None of these are correct

B. Issue debt

C. Disburse cash

D. Issue stock

In the financing cycle, which event(s) contain information about the amount of cash received from investors?

A. Disburse cash

B. Receive cash

C. Issue stock

D. Issue debt Submit

In the financing cycle, which event stores information about the amount of interest paid on a specific date on a company’s long-term debt?

A. Cash

B. Issue Stock

C. Issue Debt

D. Disburse Cash

Who is the external party involved in the Disburse Cash events that represent payments of dividends or interest on debt?

A. Transfer agent

B. Creditor

C. Investor

D. Cashier

Where would an REA diagram for the HR/payroll cycle store information about total hours an employee worked in order to calculate payroll?

A. None of these are correct

B. In the employee time table

C. In the time worked table

Where would an REA diagram for the HR/payroll cycle store information that can be used to bill a client for the time employees spent working on a task for that particular client?

A. None of these are correct

B. In the time used table

C. In the employee time table

D. In the time worked table

Which table would a manager query in order to assess how much time an employee spent performing various functions?

A. Evaluate performance

B. None of these are correct

C. Time worked

D. Time used

In an REA diagram of the HR/Payroll cycle, which of the following is a resource entity?

A. Skills

B. Applicants

C. None of these are correct

D. Training

Which of the following are used to store information that represents a company’s intellectual property? (Check all that apply.)

A. Work in process

B. Job operations list

C. Machine operations list

D. Bill of materials

Which of the following are used to store information that represents a company’s intellectual property? (Check all that apply.)

A. Work in process

B. Job operations list

C. Machine operations list

D. Bill of materials

Where would an REA diagram for the production cycle store information for the standard time to make a product? (Check all that apply.)

A. In the machine operations list table

B. In the work in process table

C. In the bill of materials table

D. In the job operations list table

Where would an REA diagram for the production cycle depict the list of ingredients for making a product?

A. In the bill of materials table

B. In the raw materials table

C. In the work in process table

D. In the finished goods table

Three years later, the job market for the Class of 2003 was rather different. U.S. economic growth had slowed to a crawl, and then to a halt. Companies that had stocked up on recent college grads in the tighter labour markets of 1998-2000 found themselves with more than they knew what to do with in 2002 and 2003. They were not eager to hire more. Bonuses and other “perks” disappeared; job offers became scarcer. With the unemployment rate around 6% in May and June of 2003, the job market was far from the worst ever. But it was nothing like the glory days of 2000.

(v) Identify and explain two (2) fiscal policies and two (2) monetary policies that the US government may have used to correct this situation. (6 marks) 

(vi) Use a diagram to illustrate the correction measures. (2 marks)

What can be done to combat unemployment?

What is the impact of unemployment in the country economy?