Mutliple Choice Answers! (1 Viewer)

[BillyMak]

So apart from 10, is it generally agreed that icebreaka's answers are correct?

 

[Kenny-C]

1. A
2. C
3. C
4. D
5. C
6. D
7. D
8. B
9. B
10. B
11. C
12. C
13. B
14. B
15. D
16. C
17. C
18. D
19. B
20. A

 

[Becc]

icebrekka has the right answer for 10 - it says b on her post.

i have a couple of them wrong, silly mistakes.

 

[icebreaka]

are you guys sure that 5 is A? Because if you look at it right, it asks for global changes...
a depreciation of the AUD is not necessarily a global change.
and as for 13... how sure are you that the answer is C

Hmm.. I would think currency flunctuations were a global change?

my real toss up qith that qn was between A and B as i get confused with appreciation and depreciation.. i just went with A

 

[BillyMak]

yeah, edit fixed it

 

[BlindGuardian]

Question 15 was D mediation and not C conciliation
Conciliation involves a third party representative form the AIRC and is the next step after mediation which involces a neutral 3rd part...
BTW...i got 20/20

 

[BillyMak]

I'm pretty confident 5 is A.

Our dollar atm buys about 73 US cents, that's why it is cheap for Americans to buy Australian imports. Similarly, it is expensive for us to buy their exports.

If the difference in the two currencies were to increase, the cost would increase more for us to buy their imports. Thus expenses would increase, and the expense ratio would increase.

"Widespread dumping of coffee due to excess supply" would increase the expense ratio, since expense ratio = expenses/sales, and they are paying expenses for something that they didn't sell, but this option is not a global change.

 

[Kenny-C]

Hmm.. I would think currency flunctuations were a global change?

my real toss up qith that qn was between A and B as i get confused with appreciation and depreciation.. i just went with A

umm.... it states a change in the Australian dollar... which is a domestic change

 

[Becc]

umm.... it states a change in the Australian dollar... which is a domestic change

thats question 5, right? because i understood fluctuations in the australian dollar to be domestic rather than international, it just stressed me a bit.


lol, you cant tell for sure you got 20/20, we could all have some wrong answers here! at times the answer you least expect is right.

 

[Iron]

umm.... it states a change in the Australian dollar... which is a domestic change

That's what I was thinking, but it doesn't specify whether it's an Aust. bus....were we meant to assume it was?

 

[Gavvvvvin]

The answer to 5 is C, fools

 

[Becc]

The answer to 5 is C, fools

damn. i put d, because c didn't seem realistic.

 

[icebreaka]

What's the global change in "Widespread dumping of coffee due to excess supply" ?

 

[BillyMak]

It says nowhere that the widespread dumping is overseas, and a new free trade agreement with one of the suppliers would decrease the expense ratio.

 

[BillyMak]

I still think it is (A). Although a change in the Australian dollar is domestic, it has an impact internationally, indicating that it could be considered as a global change.

Besides, how is dumping coffee a global "change"?

 

[icebreaka]

I still think it is (A). Although a change in the Australian dollar is domestic, it has an impact internationally, indicating that it could be considered as a global change.

Besides, how is dumping coffee a global "change"?

I agree with Billymak.. Dumping excess production in a foreign market is an activity.. or a practice.. or something else.. but i can't see it as being a global change?

 

[Acid]

For question 9... I put D. SOme ppl say its Global branding but I would disagree because Pepsi doesn't own Coke do they? I thought global branding only applied if it was the same company...

 

[BlindGuardian]

im like 99% sure i got 20/20...after the exam we checked up the answers with our social science head teacher and the top couple of students....

 

[Acid]

The answer to 5 is C, fools

It's A because it's an import company, and depreciation of aussie dollars --> more expensive imports. Which means expenses will be higher.

Economics ppl should know that

 

[Becc]

99% sure is fine

its global branding for 9, i'm pretty sure.
the reason you can tell that coke and pepsi are different products is because they each use their own global branding strategies, that allows consumers to identify them. :uhhuh:
Differentiated marketing is when a company uses a completely different strategy to that of their competitors.