MGMT 4A- Final Exam Guide - Comprehensive Notes for the exam ( 26 pages long!)
Document Summary
Bank lends money, you pay at end of month, if you can"t pay interest. Fair-isaac corp. predicts likelihood of a borrower going 90+ days overdue within a 24. Free market, not realistic self-interested market behavior leads to an. Production possibility frontie r : resource allocation; max amount of production that can be obtained and resources available limited by resources and technology. Oligopoly : small number of large firms, ex diapers problem is price fixing. State capitalist model : and capitalism to help manage and guide production. Essence of econ is to recognize scarcity and organize society in the best way scarcity, equity, efficiency. Tarrifs, quotas, protects own market base, subsidize own exports. Ex china; gov owns many companies, but allows market forces. Paid off regularly in gradual installments, ex mortgage. Defer interest payments for a short time to lower payments. Trade in your loan for one with better terms.
