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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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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Rousseau’s precision. B. Correct‚ the speaker is critical Rousseau’s subjectivity. C. Incorrect‚ the speaker is not critical of Rousseau’s sympathy. D. Incorrect‚ the speaker does not mention Rousseau’s ambition. E. Incorrect‚ because the speaker does not mention aloofness. 16. A. Incorrect‚ the Paradise Lost does not reflect conflict between thought and feelings. B. Incorrect‚ the Paradise Lost is not meant to be an example of a work of genius. C. Incorrect‚ the Paradise does
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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 Paper Crisis Intervention Val Heike NICC 2/3/2011 10:21:30 A.M. In your opinion‚ is the government doing enough regarding the diagnosis/treatment of mental illness and PTDS for our returning Iraq and Afghanistan war veterans. (2-3 pages) No‚ I don’t believe that the U.S. Government is serving the populace in the most diligently way possible. Today which is different from the service people of even my father’s era? In his day back in 1946 WWII had just ended. Though
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Ph.D. SOC 4223 Criminology 18 June 2012 Crime: Social Control When it comes to crime and punishment‚ I do believe that the threat of legal punishment controls the crime rate‚ but to a certain extent. Individuals have free will to choose to engage in unlawful acts‚ and that also includes the ability to block out and ignore the fear of legal punishment when engaging in crime. So what are other factors that aid in controlling crime? I believe in social control‚ which helps to ensure conformity to a
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any sort of critical thinking. He goes onto mention how a bright man‚ Archimedes‚ solved a relatively hard problem for king Heiron II by having a flash of deep insight during a moment of relaxation. However‚ Hanna talks about thought in a more critical manner. His point of view concerning that of scientific thinking is a more disciplined one. He likes more systematic ways of thinking‚ while Asimov is a more down-to-earth and open minded type of thinker.<br><br>Both classes of thinking are valid and
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Critical Thinking Case Study Chris had just been promoted as an Executive Assistant for Pat the CEO‚ Chief Executive Officer‚ of Faith Community Hospital. Pat had given Chris her very first assignment on her first day of work as an executive assistant and that was to gather information so that Pat can present the issues to the board of directors. Faith Hospital is faced with issues that needed attention and the board of directors must be notified of the issues so that a solution can be remedy to
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This case study involves an evaluation of implied assumptions within the work environment. It will analyze the behavior within the working relationship between co-workers‚ as well as show the difference between logical and emotional thought process and reactions. It will also recognize misleading reasoning and assess the reliability of arguments. Finally‚ it will identify problems within the work environment itself and attempt to construct solutions to solve these problems. Hypothesis The problem
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CHYS 4P16 Research Seminar Hollie Warren bi-as [bahy-uhs] 1. a personal and often unreasoned judgment for or against one side in a dispute (Dictionary.com) Bias can better be understood as on overarching term that encompasses various social constructs such as stereotyping‚ prejudice‚ racism‚ labels‚ inequality and so forth. Bugeja (2007) discusses the complex connections between bias‚ stereotypes‚ media influence‚ and globalization and maintains that in order to resist stereotypes we
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