Questions for Critical Thinking 4 Salvatore’s Chapter 8: a. Discussion Questions: 2 and 10. 2. (a) What is the distinction between marginal cost and incremental cost? (b) How are sunk costs treated in managerial decision making? Why? (a) Maringal cost is the change in total costs or in total variable costs per unit change in output (Salvatore‚ 2012‚ pg. 718). The main reason to determine marginal cost is to gain understanding and knowledge of when a company reaches economics of scale. However
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HUM 101 Critical Thinking and Problem Solving-B1 Midterm 11/4/2011 1. In your own words‚ explain the 3 stages of knowing and use a sample situation to show how people in each of the 3 stages would respond to it. Be sure that you both explain each stage in general terms and then explain how each example fits that stage. Do not say that kids are Stage 1‚ teens are Stage 2‚ and adults are Stage 3; that’s too simplistic and also inaccurate. The three stages of knowing are essentially the various
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Provide a considered response to the following statement‚ “The principles and rules for risk management appear to be just plain common sense.” First we have to define what common sense is. Common sense is the everyday understandings and it based on everyday experience. It is a model of how the world works that we build up from our experience for example like personal or social experience. We can refer the common sense as market dynamics because market keeps changing through time. However it shares
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Kristy Coon September 11‚ 2011 HUM/111 - CRITICAL AND CREATIVE THINKING Paula LeClaire Assessment A: Distinguishing Between an Issue and a Problem | "They said one hit wouldn’t hurt." What problems or issues do you see with this? | ☐ Mostly issues - people might have different opinions on if a single hit could hurt‚ much less kill you as in the commercial. | ☑ It’s a problem - I think most people would agree that a single use of drugs could potentially be deadly. | | OK‚ so
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2. It is important for our graduates to be productive members of the work-force. How can colleges / universities better prepare under graduates to meet these challenges? Colleges and universities better prepare under graduates by exposing them into the tough world that they will be facing after they graduate. Attending higher education institutions are not always the answer because some people have better skills in other things than education. This shows that they can succeed in different ways. This
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Creative and Critical Thinking II 1. Have you ever changed a strongly held attitude? What caused the change for you? I have only experienced a shift in my personal beliefs once: at one point in time I believed I was relegated to working in a factory‚ now I do not have the same belief. I believe that the shift in my attitude was due to an internal growth; I became more self-aware after my father passed away. I looked at my father‚ and all he had done‚ and began to believe that I was capable of
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Critical and creative thinking questions What are the major sources of stress in your life? I think the four major sources of stress in my life would be money being number one. This is because I am an international student who moved from Hong Kong to America. Having doing this I had to learn how to manage my own money for example rent‚ bills ‚ and also enough for entertainment. When I was living in Hong Kong with my family I didn’t have to worry about all these factors so it came easy to me.
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Critical thinking activity Empowerment can be tough sell We are the market leader in our field said Mark Hansen CEO of Gosport shipbuilding Inc( GSi) I build this company from the ground up. I know more about constructing gambling ships than anybody in the business that is why we are number one. My motto is think and employees work‚ this empowerment nonsense you are selling is just that nonsense. If I want employee’s opinion I will give it to him!” Luke O’Hara‚ GSI’s new quality director listened
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1. Which of the following is the correct definition of the service catalog? A database or document with information about all live IT services 2. Which of the following is included in a service catalog? 1. Customer-facing services 2. Strategic services 3. Supporting services 4. Retired services 1 and 3 3. Which of the following statements about the service catalog is true? 1. The service catalog forms part of the service portfolio. 2. The service portfolio forms part of the service catalog
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talked about the problems of globalization. They either claimed that globalization benefits the environment or causes harms. Among the three articles‚ “Green and Brown? Globalization and the Environment” by James J. Boyce appears to be the most credible. The most obvious indicator is that it comes from a published journal; according to the journal‚ the author’s credential is clearly addressed. In its thesis‚ the author examined the assumption that the “global North is relatively ‘green’ and the global
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