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ENG 1101 After-Midterm Review Flashcards | StudBud
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ENG 1101 After-Midterm Review
ENG 1101 After-Midterm Review
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Answers
1
What does the forward contract do?
It locks in the price of a product and where it can be sold.
It locks in a trade contract between 2 or more parties.
It locks in the selling price of a product, and the time period for it.
It locks in the cost of production for the product and the time period.
2
How does DCF reflect the Interest rates?
An interest rate takes into account, duration and type of loan/investment.
An interest rate reflects the prevailing monetary policy.
Interest rates reflect market conditions and the economic environment.
Interest rate reflects how risky a business is and its risk to invest in.
3
In general, what is the goal of the forward contract?
Keeps prices low for both the for the manufacturer and producer.
Keeps prices high for both the manufacture and producer
Keeps prices high and low to benefit the manufacturer and producer.
Does not enforce the prices of the manufacturer and producer.
4
What is a
Qualitative
Variable?
Variable categories are not viewed as numbers but instead by verbal groups.
Variable categories are seen as neither numerical and verbal, rather data.
Variable categories are seen as numerical values, and not verbal groups.
Variable categories are seen as both numerical and verbal groups.
5
Can the Forward contract be discarded by creating a new negotiating contract?
False
True
6
Define
Inferential
Statistics.
Allows it to infer population parameters based on a sample statistics.
Focuses on the main characteristics of data using numerical data.
Generalizes The Data.
Goes in dept with the information.
Uses Probability Theories to draw conclusions.
Allows the creation of equations to find a relationship between 2 variables
7
What does the "Futures" Contract do?
Profits and loses are tied to the market value of a product.
Ensures a stable growth for the product, and it is not tied to the market.
Predicts the price of products. And gambles on their change of price.
Assets aren't moved around, and only involves buy/sell of prices to make $.
8
What is a
Quantitative
Variable?
Variables that represent the amount of data given.
All of the above.
Variables where data represent concepts (ex, creativity, preferences).
Any variables where the data represent amounts (eg. height, weight, or age)
9
Who is involved in a "Futures" Contract?
Not limited to a producer and manufacturer. Multiple parties allowed.
Limited to a producer and manufacturer. Only 2 parties allowed.
Limited to a producer and manufacturer. Multiple parties allowed.
Not limited to a producer and manufacturer. Only 2 parties allowed.
10
What is a discrete variable?
A variable that takes on random, non-countable values
A variable that takes on distinct, countable values
A variable that takes on distinct, non-countable values
A variable that takes on a random, countable values
11
What is a variable
Some characteristic, an idea, or quantity that can be guessed, not counted.
Any variables where the data represent amounts (ex height, weight, or age).
Any characteristic, number, or quantity that CAN be measured or counted.
Any characteristic, number, or quantity that CAN'T be measured or counted.
12
Who is this?
Lego Fortnite Character
Nightmare fuel
Monster INC character.
NPC from the Sims 4
13
Patents MUST be new, useful and inventive.
False
True
14
How many parties are involved in the forward contract?
3
2
4 or more.
1
15
A pharmaceutical company's medicine for a disease is widely used and deemed safe, If it is proven safe, it is considered
The null Alternative hypothesis
Both.
Neither.
The null hypothesis
16
What was the first patent machine and when was it invented?
A machine to measure liquids, August 18, 1869.
A device for liquid measurement, July 24, 1872.
A contraption to weigh solids, September 12, 1901.
A contraption for measuring time, March 7, 1791.
17
What are the 5 types of IP?
Patents, trademarks, Copyrights, Industrial designs, Integrated Circuits.
None of the Above.
Trademarks, copyrights, Safeguards, Mechanism blueprints, Combined Circuits
Copyrights, patents, Brand marks, Technical sketches, Coordinated Circuits.
18
Define
Descriptive
Statistics.
Uses the Average, Mean, Mode, Standard Deviation and Correlation.
Generalizes the Data
Organized Data
Focuses on Main characteristics of data. (Numerical or Graphical measures).
Looks only at a set Range/Area of the Data.
Looks at the Entire Set of Data.
19
Define the description of a Non-Statistical Analysis. (Qualitative Analysis).
Typically Summarizes the information in bullet points to for audiences.
Identifies patterns and tends of the data collected.
Very in dept with large amounts of data and information.
General information such as text, sounds, and images.
20
You
CANNOT
patent a product, composition, apparatus, process, or improvement.
True
False
21
What is the % of patents are improvements.
90%
80%
70%
100%
22
What is a population?
A haphazard assortment unrelated to questions or experiments.
A set of similar items/events in interest for some question or experiment.
A group of people that data can be taken from.
A gathering of imaginary objects, a conjecture without experience.
23
What is a sample?
A smaller, manageable version of a larger group.
A Larger version of a group.
A set of patterns of an event.
Characteristic, number, or quantity that can be measured or counted.
24
What does DCF stand for?
Diversity-Centric Finance
Digital Commerce Framework
Discounted Cash Flow
Digital Currency Facade
25
What does the "futures" contract ensure?
Futures contract ensures price of manufacturing and production increase,
It ensures a financially stable future for a company
It is a contract that eliminates the block-chain from failing.
It mitigates price risk, prices falling and manufacturers rising prices.
26
What are types of Qualitative Variables?
Nominal variables have numerical values, not "names".
Nominal variables have “names,” not numerical values.
Ordinal data, where categories can be placed in distinct order or hierarchy
Ordinal data, where categories are ranked equally and have the same values.
27
What are the 2 outcomes of the hypothesis?
Null (Original) and Alternative Hypothesis.
Void (Primary) and Unconventional Hypothesis.
Dull (Replica) and Realistic Hypothesis.
Base (Original) and Imaginary Hypothesis.
28
What is a continuous variable?
A variable which CANNOT take an uncountable or infinite set of values.
A variable which CAN take a countable or non-infinite set of values.
A variable which CANNOT take a countable or non-infinite set of values.
A variable which CAN take an uncountable or infinite set of values.
29
What is Hypothesis Testing?
Statistical inference method for assessing hypothesis support in the data.
A guesswork technique, neglecting statistical support for hypotheses.
A numerical approach to data dismissing the need for hypothesis validation.
A subjective data analysis approach, disregarding hypothesis testing.
30
Define the description of a Statistical Analysis. (Quantitative Analysis)?
Generalizes the information to give a clear overview of the topic
More insight and giving a clear picture than qualitative.(Business Models).
Generally not in dept to avoid confusion when explaining the topic.
The science of collecting/exploring/presenting large amounts of data
