If an on-campus exam cannot be given, how will it be administered instead?

What should you do if you know you will need to leave a class early?

What is the time scheduled for the Final Exam?

Jerry Green estimates the cost of future projects for a large contracting firm. Mr. Green uses precisely the same techniques to estimate the costs of every potential job and formulates bids by adding a standard profit markup. For some companies to whom the firm offers its services, no competitors exist, so they are almost certain to get them as clients. For these jobs, Mr. Green finds that his cost estimates are right, on average. For jobs where competitors are also vying for the business, Mr. Green finds that they almost always end up costing more than he estimates. Why does this occur?

Venture capital (VC) firms are pools of private capital that typically invest in small, fast-growing companies, which usually can’t raise funds through other means. In exchange for this financing, the VCs receive a share of the company’s equity, and the founders of the firm typically stay on and continue to manage the company. Describe the nature of the incentive conflict between VCs and the managers, identifying the principal and the agent. VC investments have two typical components: (1) managers maintain some ownership in the company and often earn additional equity if the company performs well; (2) VCs demand seats on the company’s board. Discuss how these two components help address the incentive conflict.

When the Macintosh computer was introduced in 1982, Apple made it difficult for third party software developers to develop software for the platform. In contrast, Apple makes it relatively easy for third-party developers to make applications that run on the iPhone. Compare and contrast these two strategies.

Vudu is a movie video-on-demand service that, until recently, was owned by Walmart. While most streaming services charge a monthly fee for unlimited use, Vudu charges for each movie watched. Would offering unlimited streaming for a monthly fee likely yield more or less profit for Vudu than charging for movies individually?

Soft selling occurs when a buyer is skeptical of the usefulness of a product and the seller offers to set a price that depends on realized value. For example, suppose you’re trying to sell a company a new accounting system that will reduce costs by 10%. Instead of naming a price, you offer to give them the product in exchange for 50% of their cost savings. Describe the information asymmetry, the adverse selection problem, and why soft selling is a successful signal.

In Sweden, firms that fail to meet their debt obligations are immediately auctioned off to the highest bidder. (There is no reorganization through Chapter 11 bankruptcy.) The current managers are often the high bidders for the company. Why?

Using shifts in supply-and-demand curves, describe a change in the industry in which your firm operates, or if you are dual undergraduate student, a field you intend to enter upon graduation. Label the axes and state the geographic, product, and time dimensions of the demand-and-supply curves you are drawing. Explain what happened to industry price and quantity by making specific references to the demand-and-supply curves. Describe how your company could profitably use the analysis.