Chapter 2—Understanding Politics‚ Laws‚ & Economics TRUE/FALSE 1. Formal and informal policies are popularly known as "the rules of the game." ANS: T PTS: 1 DIF: Moderate REF: p. 20 OBJ: 2.1 NAT: AACSB: Tier 1 Communication | Tier 2 Legal Responsibilities 2. Two "pillars"—the regulatory and the normative pillar—support informal institutions. ANS: F PTS: 1 DIF: Easy REF: p. 21 OBJ: 2.1 NAT: AACSB: Tier 1 Reflective Thinking | Tier 2 Legal Responsibilities 3. Informal institutions
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Chapter 2 Assignments 1. Free market economies stimulate greater economic growth‚ whereas state-directed economies stifle growth. Discuss. In a free market economy‚ individuals/corporations are allowed to own property and other assets. Ownership provides incentive for people to work hard‚ be innovative and creative; all while hoping to attain additional wealth. Sequentially‚ the desire from individuals/corporations to accumulate wealth enhances the whole economy and generates economic growth
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Quiz Chapter 6 1. One of the objectives of export tariffs is to: A. improve the efficiency of utilization of resources. B. curb the competition offered by foreign firms to domestic firms. C. reduce exports from a sector‚ often for political reasons. D. maintain a positive trade deficit. 2. _____ take many forms including cash grants‚ low-interest loans‚ tax breaks‚ and government equity participation in domestic firms. A. Ad valorem tariffs B. Subsidies C. Quota rents D. Specific
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HW # 2- Quiz Chapter 2 1.Corporate Financing. How can a small‚ private firm finance its capital investments. Give two or three examples of financing sources. A small‚ private firm can finance its capital investments in financial markets and intermediaries. The intermediaries include hedge funds‚ mutual funds‚ pension funds‚ and financial institutions such as banks and insurance companies. 2.Corporate Financing. Is it possible for an individual to save and invest in a corporations without lending
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ch2 Student: ___________________________________________________________________________ 1. An operations and supply chain strategy must be integrated with the organization’s corporate strategy. True False 2. One of the competitive dimensions that form the competitive position of a company when planning their strategies is cost. True False 3. One of the competitive dimensions that form the competitive position of a company when planning their strategies is delivery speed. True
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Quiz Questions for Chapter 9 1. A truck was purchased for $25‚000. It has a six-year life and a $4‚000 salvage value. Using straight-line depreciation‚ what is the asset’s carrying value (book value) after 2 1/2 years? a. $8‚750. b. $12‚250. c. $14‚583. d. $16‚250. 2. On January 1‚ 2003‚ Superior Landscaping Company paid $17‚000 to buy a stump grinder. If Superior uses the grinder to remove 2‚500 stumps per year‚ it would have an estimated useful life of 10 years and a salvage value
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Clay Robinson Chapter Study Questions Chapter One: The Social‚ Economic‚ Ecological‚ and Political Systems of Texas 1 What percentage of Texans live in urban areas (cities & suburbs)? 2 75% 2 Name the three cities in Texas that are three of the largest in US? 2 Houston‚ San Antonio‚ Dallas 3 What are the three diverse economic businesses in Texas? 4 Oil and gas producer now work alongside high-tech companies‚ telecommunications giants‚ and other important business sectors. 4
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BUS 365 WK 3 Quiz 2 Chapter 3 Purchase this tutorial here: http://xondow.com/BUS-365-WK-3-Quiz-2-Chapter-3-BUS3652.htm Multiple Choice 1. __________ consists of powerful software tools to discover and extract knowledge from text documents. a) Document mining b) Master data management c) Knowledge mining d) Text mining 2. What is the goal of data management? a) To store data and documents in multiple locations to insure that they are accessible to everyone on demand. b) To capture financial
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Name __________________________________________________________ Chapter 2 – Quick Quiz 1 1. A(n) _______________ is an organized system of assumptions and principles that purports to explain a specified set of phenomena. a. theory c. operational definition b. hypothesis d. experiment 2. An ideal scientist should: a. not express skepticism of new ideas. c. not support falsifiable theories. b. rely on scientific intuition. d. be willing to make “risky predictions.” 3. An advantage
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2-2: Chapter Questions Action Items Q/ 01 Why study operations management? Answer All businesses want to hire bright people who can make the best decisions for the business as a whole‚ not the best marketing‚ finance‚ or operations decisions. They want employees who can see the big picture of how these functional areas interact. You will severely limit your career if you take a narrow functional perspective. Every decision is cross-functional in nature2. You will be working with operations and
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