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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Jesus Lopez Apol 104 Week 6 June 25th‚ 2012 Critical Thinking Assignment A prince named Siddhartha Gautama (Buddha) founded “Buddhism” in the sixth century before the birth of Christ. Buddhism is better understood as philosophy rather than a religion and follows the concept of the Four Noble Truths and the Eight Fold Noble path. Part I - Analysis of Buddhism 1. Origin – In the Buddhist Worldview‚ life and the world have no beginning or end. “There is no reason to suppose that
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Questions for Critical Thinking 1 Liberty University Business 620/ Global Economic Environment Salvatore’s Chapter 1: Discussion Question 9. How is the concept of a normal return on investment related to the distinction between business and economic profit? There is no normal return on investment. To be considered a return on investment‚ the internal rate of return should exceed the cost of capital. A low risk‚ ongoing enterprise might be satisfied with an IRR= 7-10%‚ while a
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Topics for Critical Thinking project: 1. Sustainable development means “ meeting the needs of the present without compromising the ability of future generations to meet their own needs” a. Can development be sustainable? b. What are the issues and problems involved in sustainable development? c. What can individuals do? What could you do in your personal capacity to promote sustainable development? d. Use persuasive argument to present your point of view. Use additional tools such as
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The Different Types and Affects of Schizophrenia Approximately 2.4 million Americans are affected with Schizophrenia. Currently one percent of that population develops Schizophrenia at some point in their lifetime (National Women’s Health Research Center) (web 3 June 2010) . Schizophrenia is when an individuals thinking‚ emotions‚ and behavior is impaired. If untreated‚ Schizophrenics will soon start to make a person withdraw from interactions with others and will eventually they will not be
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Sam Hite Legal Environment of Business 3 April 2013 McClellan GlaxoSmithKline: Ethics and Clinical Thinking GlaxoSmithKline (GSK) is known around the world for many of its home health products and a good number of the prescription drugs that are in our medicine cabinets. GSK is a global healthcare company. They focus on the discovery‚ development‚ manufacturing‚ and marketing of pharmaceutical and consumer health-related products. A brief history of the company‚ according to the Marketline
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Simplex Innovative Thinking Process STEP 1: Fuzzy Situation DIVERGE: List possible issues that you might like to resolve The garage is disorganized. The appearance of the garage is junky. The dusty environment from sawing in the house or even the garage is not acceptable. Leaving equipment used for sawing or grinding outside is not acceptable‚ either. CONVERGE: Choose the issue that you will take through the process How might we more effectively organize the garage? STEP 2: Fact
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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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Critical Thinking on Logical Issues Scenario 1 There is a lot of tragedy surrounding WV Steel Company lately. National Construction (our of Colorado) is building a new football stadium. The opt to buy and use cables that were approved by a contractor for WV Steel. After the stadium is built the upper deck collapses and injures and kills civilians watching the game. National is now under a lot of pressure from lawsuits stemming from the incident. To make matters worse Jessica crashes her car on
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Critical Thinking: Abnormal There are many different ways to define abnormal behavior. You could define abnormal behavior with the statistical definition or the social norm deviance. One way to define normal and abnormal is to use a statistical definition. Frequently occurring behavior would be considered normal‚ and behavior that is rare would be abnormal. That kind of definition works fine with a behavior such as talking to others‚ as the two rarer possibilities would be not talking to anyone
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