Total cost, in dollars, for q units produced, is given by the following function: C(q) = q2. Find the marginal cost at [q] units.

Identify the following as exponential growth, exponential decay, or not exponential. a)  [a] b) 

For the practice exam, students do not need to submit their scrap work.  However, on the real exam, students will need to complete the following instructions immediately after they submit their real exam:   REQUIRED SCRAP WORK: All students are REQUIRED to submit their scrap work. Students must do the following: Students must submit scrap work in their own handwriting for the exam. Students who do not submit scrap work showing how they solved the problems will receive a grade of zero (0) on the exam.  Submit their scrap work within 10 minutes after they have submitted their exam on Canvas. Scrap work submitted after 10 minutes after exam submission will not be accepted. Submit their scrap work as a PDF file or JPEG or JPG image files to the separate Canvas assignment called “EXAM 1 SCRAP WORK: All Students are REQUIRED to submit their exam work HERE”. Scrap work not submitted as either a PDF file or JPEG or JPG image files will not be accepted. If you have done scrap work by hand on paper, then after the exam you will need to quickly take images and submit images as JPEG or JPG image files or a PDF file.

With an Enterprise Risk Management view of risk = a risk can fall into one of the four quadrants of risk.  Risks that arise from the effect of market forces on a firm and/or changing financial market conditions on assets and liabilities fall under which quadrant of risk? 

Delta is one of the United States largest commercial airlines.  Strategic risk can be created and affected by internal factors or external factors.  Which one of the following would be considered an internal factor of Strategic Risk for Delta Airlines?

Wonderful Widgets Inc. is a manufacturing firm in Buffalo, NY that manufacturers widgets. Last week, a major snow storm struck the Buffalo area, causing significant wind and snow accumulation. Wonderful Widgets manufacturing plant was not damaged by the snow storm in any way. However, for three days after the snow storm hit, the local utility provider Buffalo Power & Light was unable to restore electricity to the area of Buffalo where the firm’s manufacturing plant is located. As a result, Wonderful Widgets Inc. could not operate for three days until the electricity in the area was restored; which is used to power all of the firm’s machinery, equipment, and heating for the building.  What type of risk does the above scenario fall under?

Carnival is one of the United States largest commercial cruise ship companies – offering cruises all over the world.  Strategic risk can be created and affected by internal factors or external factors.  Which one of the following would be considered an internal factor of Strategic Risk for Carnival Cruise Lines?

Way-Mid Bank is a regional bank in the Midwest United States that has approximately 500,000 customers. One day, the central computer servers at Way-Mid Bank’s headquarters are hacked by cyber-criminals. This leads to: thousands of customer’s personal account information being stolen by the cyber-criminals; and in a few extreme cases, several customers had unauthorized financial transactions made on their account for a total of $750,000.  The above scenario best represents what type of risk? 

Due to the rising price of a barrel of oil based on the Global Crude Oil Index (GCX), Speedway Stores must increase the price of a gallon of gasoline by 10% at all of its gas stations across the country. What category of risk does this represent for Speedway Stores? 

What role did commercial flights play?