Chaos Theory Of Management

Small Changes that can lead to great unpredictable effects

Quantitative Management Theory

Using computers and math to determine management choices

How much customers want a specific product or service

How much of a good or service that a business can provide

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Economic Quiz

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1
Chaos Theory Of Management
Shifting to a new manager every week
Limiting amount of transactions done every month
Small Changes that can lead to great unpredictable effects
Increasing price for every product
2
Quantitative Management Theory
Counting amount of stock every month
Determining companies success by happiness of employees
Using computers and math to determine management choices
Using government money to influence the market
3
What is demand?
How much of a product or service a company has
The amount of money made by a company in a year
How much customers want a specific product or service
The ideal position for the market to be in
4
Equilibrium is the ideal place for the economy
False
True
5
Which type of economy is dictated by price signals/supply and demand?
State Economy
Price Economy
Market Economy
Common Economy
6
Policy that adjusts the supply of money in the economy to stabilize the market
Quantitative management theory
Economic Incentive
Fiscal Policy
Monetary Policy
7
Command Economy describes an economy with no government influence
False
True
8
Which of the following is NOT an example of a common trade barrier?
Tarrifs
Demand
Subsides
Embargoes
9
Which economic system is a blend of market and command?
Market Economy
Command Economy
Middle Economy
Mixed Economy
10
The Fiscal Policy uses government's spending to influence the economy
True
False
11
A change in the demand of a product
Supply Shift
Demand sweep
Market incline
Demand Shift
12
What is Supply?
How much of a good or service that a business can provide
Customer desire for a product
Current state of the economy
How much profit a business makes in a year
13
An increase or decrease in the quantity supplied that is paired with a change in supply price
Supply Shift
Demand shift
Market instability
Market shift

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