BEC Pop Questions - Page 10

  • Creator
    Topic
  • July 6, 2014 at 11:10 pm #186785
    Anonymous
    Inactive

    For anyone who’s interested or is taking BEC soon and wants to practice. We did this in the Q2 FAR group and it was really helpful, especially for memorizing formulas, which as we all know, BEC is heavy with. Answer or ask your own question! Just be sure to come back on here and let the person who answered know if they were right or wrong 🙂

    I’ll start it off:

    What is the formula to calculate Marginal Propensity to Consume (MPC)?

Viewing 15 replies - 136 through 150 (of 168 total)
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  • Author
    Replies
  • July 11, 2014 at 1:11 am #580249
    Anonymous
    Inactive

    Data security?

    July 11, 2014 at 1:19 am #580250
    stoleway
    Participant

    @bpk1

    I guess my question was not clear, I was looking for other names that can be used in place of unsystematic risk.

    Anyway the answer is I)Specific, I) Unique and iii)Diversifiable risk.

    REG -63│ 84!!
    BEC- 59│70│ 71 │78!
    AUD- 75!
    FAR- 87!

    Mass-CPA

    July 11, 2014 at 1:25 am #580251
    Anonymous
    Inactive

    I'm pretty sure systematic risk is risk that's non-diversifiable (non-specific, non-unique), therefore something that affects all entities (IE war, recessions, political events, inflation).

    Unsystematic risk on the other hand is specific risks which are diversifiable against (IE labor strikes/lawsuits/compliance fees at one company).

    July 11, 2014 at 1:31 am #580252
    Anonymous
    Inactive

    I agree with @bpk- Systematic Risk is not diversifiable- its nondiversifiable.

    BTW, the question about EDI vs ecommerce was right- the main benefit (possibly the only real benefit) is security.

    July 11, 2014 at 1:35 am #580253
    stoleway
    Participant

    yes, you guys are right about the unsystematic risk. I will edit it

    REG -63│ 84!!
    BEC- 59│70│ 71 │78!
    AUD- 75!
    FAR- 87!

    Mass-CPA

    July 11, 2014 at 1:37 am #580254
    Anonymous
    Inactive

    What type of manufacturing methodology focuses on reducing waste management?

    July 11, 2014 at 1:38 am #580255
    Anonymous
    Inactive

    Lean mgt!

    July 11, 2014 at 1:39 am #580256
    Anonymous
    Inactive

    Correct! Which methodology emphasizes maximizing throughput?

    July 11, 2014 at 1:43 am #580257
    Anonymous
    Inactive

    Theory of Constraints!

    July 11, 2014 at 1:45 am #580258
    Anonymous
    Inactive

    Correct!

    What are the advantages and disadvantages of attainable standards?

    July 11, 2014 at 1:55 am #580259
    Anonymous
    Inactive

    Attainable standards are more likely to be positively received by employees as they account for normal spoilage and do not require additional significant effort to achieve (which ideal standards would). Setting attainable standards though, requires judgment.

    July 11, 2014 at 1:57 am #580260
    Anonymous
    Inactive

    Yep!

    July 11, 2014 at 2:06 am #580261
    Anonymous
    Inactive

    How do you calculate cross elasticity of demand?

    July 11, 2014 at 2:07 am #580262
    Anonymous
    Inactive

    What are the five main steps in a disaster recovery plan?

    July 11, 2014 at 2:07 am #580263
    Anonymous
    Inactive

    % change in QD of product “X” / % change in price of product “Y”

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