Chapter 2 Identifying Key Terms 1. Other terms for the market economic system are capitalism and invisible hand. 2. Many American believe that their economic system accounts for the high______ in the United States 3. The concept of _____ allows people to buy and own land‚ a home or their own business. 4. The____ can make profits or incur great losses. 5. A person may keep the___ they earn from selling. 6. Most people live in countries that have a ____. 7. Adam Smith said the economy is directed
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people development. There are many factors linked a child’s backgroung that can affect their development. Family dynamics: It is the way in which a family lives and interacts with one another that creates the dynamic. That dynamic ‚ whether good or bad‚ changes who people are it burrows into their psyche‚ ultimately influencing how they view and interact with the world outside of their family. The perfect family does not exist. There are many different influencing factors
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ABSTRACT Names: __________________ ______________________ _______________________ Abstract: Also called "non-objective art"‚ "non-figurative"‚ "non-representational"‚ "geometric abstraction"‚ or "concrete art" . Abstract uses a visual language of shape‚ form‚ color and line to create a composition which may exist with a degree of independence from visual references in the world. Abstraction indicates a departure from reality in depiction of imagery in art. II. Stone Age Abstract
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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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Chapter 2: The Role of Ethics in Decision Making I. Contemporary Business Ethics 1. Ethics and Society a. Public Education and Family Structure b. Economic Interdependence c. News Media and the Internet II. The Nature of Ethics 1. Ethics and Morality a. Morality- the collection of values that guides our behavior. b. Ethics- a systematic statement of right and wrong together with a philosophical system that both justifies and necessitates rules of conduct. c. The Good- the end result of
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Chapter 2 Progress Questions: 1. Explain the term business ethics. The application of ethical standards to business behavior. 2. Explain the difference between a descriptive and prescriptive approach to business ethics. The descriptive you are merely observing what is going on; where as with prescriptive‚ you are giving advice on what should be happening. 3. Identify six stakeholders of an organization. Stockholders‚ Employees‚ Customers‚ Suppliers‚ Retailers‚ Federal Government 4. Give
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Out of Africa Chapter One: 1. New Characters: • Denys Finch Hatton- was a man in love with nature and humanity • Farah Aden- Somali boy that was a member of the Habr Yunis tribe • Kabero- seven year old kitchen boy • Belnapp- Manager of the Coffee Mill • Berkeley Cole-British man living in Kenya‚ and also fought in the Boer war • Kinanjui- Chief of the neighborhood 1a. New Settings: The Ngong Farm 2. Summary Sentences: Chapter one was about the narrator and one of the Belnapp having some coffee in
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Chapter 2: Perception Difference between perception and sensation our own “spin” on things is the perception that we get from it. Sensation is the immediate response of our sensory reactions to things Perception is the process by which these sensations are selected‚ organized‚ and interpreted. Perception is what we take away from our raw sensations Example is the cola and the pepsi‚ using only senses‚ we cannot tell the difference between them but if we are to add in perception of the beand
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Chapter 2 1. (a) Using Medtronic as an example‚ explain how a mission statement gives a strategic direction. (b) Create a mission statement for your own career. Answer: (a) A mission statement gives strategic direction by stating the “what” and “how” of a business in a clear‚ concise‚ meaningful‚ inspirational‚ statement that will continue to be relevant in the long-term. Medtronic’s mission statement identifies its customers‚ market‚ products and technology. They stated the business
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Abstract Bullying is a social and psychological issue among animals and humans that emerges in an emotional‚ verbal‚ or physical form. Although the issue of bullying among humans has existed for quite some time‚ recent research of the issue has grown significantly and indicates that bullying takes many forms and effects individuals or groups of different ages‚ genders‚ races‚ geographic locations‚ and socio-economic status. There are many causes of bullying and the goal of the analysis is to
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