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Economics Flashcards | StudBud
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Economics
Economics
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Questions
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Answers
1
Who developed the Circular Flow Diagram for economics
Kim Cameron
Rational man
Carol Dweck
Samuelson
2
Traditional economics assumes man is....?
Calm
Rationale
Irrational
Dependable
3
And the award for best rapper goes to
Kanye
The BU Gs
Snoop Dog
Drake
4
In SWOT - Weaknesses are factors internal to the company
True
False
5
By increasing productions whilst lowering costs you achieve what?
Profitable scale
Efficient scale
Premium scale
Economies of scale
6
Can you share with us something you watched at Kindfest that could align with donought economics
False
True
7
What model focuses on customer touchpoints?
Customer Journey Mapping
Economic utils
Business Model Canvas
Competing Values Framework
8
How important is kindness for business leaders in the 21 century?
Kindness is a weakness and not important
It's important in the home, but not in business
Very important and research shows it increases performance (profits)
I don't understand the question
9
Supply and Demand is a premise within economics
False
True
10
In SWOT opportunities refer to what?
External opportunities the company could look to benefit from
Opportunities limited to hiring or firing staff
Something that is identified internal within the company
Opportunities that happened in the past
11
Which one these is not connected to a classical theory of management?
Scientific management
Administrative management
Bureaucratic management
Behavioural management
12
What were we doing when we created Marlon Fisherman
I have no idea
It's an economic team created by group 1
Creating a 'customer' persona (week 7 slides)
Looking for someone to help Malon clean his fishtank?
13
I now have a better understanding of economics
What's Economics
Yes
I went back to bed as its boring
No
14
Research shows that money can motivate us - in what circumstance?
When doing highly creative and complicated work
If we work outside
when rewarded for non-creative, basic and often repetitive work
Money always motivates us no matter what type of work we do
15
Did you attend Kindfest on Friday?
True
False
16
What does GDP mean?
Gross divisional profit
Gross Domestic Product
Gross data plan
Germany deutschmark premium
17
In economics what is a util?
Hypothetical unit measuring satisfaction
A rational man
The cost of Gas, Electricity and water
A measure of production
18
What are the three elements of intrinsic motivation - in Dan Pink's theory
Autonomy, Purpose and Mastery
Leadership, reward, encouragment
Time, Technique, Team
Salary, promotion, benefits
19
Who developed Doughnut Economics
Frederick Taylor
Paul Samuelson
Dan Pink
Kate Raworth
20
If a rollercoaster gives you 60 utils the first time you ride it and 90 utils the second time - the marginal utility is?
1.5
-30
150
30
