1. Economic theory is a valuable tool for business decision making because it Answer identifies for managers the essential information for making a decision. assumes away the problem. creates a realistic‚ complex model of the business firm. provides an easy solution to complex business problems. 0.2 points Question 2 1. Economic profit is Answer the difference between total revenue and the opportunity cost of all of the resources used in production. the
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1 of 20 Which of the following conclusions would sociologists most likely agree upon when discussing the importance of the sociological perspective? It opens a window to unfamiliar worlds and offers a fresh look at familiar worlds. It verifies our basic assumptions about life and the need to focus on human needs. It challenges cultural tradition to provide a new framework of human understanding. It enforces social solidarity and expands the importance of the social imperative.
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Question 1 of 10 10.0/ 10.0 Points The Continental Congress‚ in February 1787‚ called for a convention of delegates to meet in May in Philadelphia. True False Answer Key: True Question 2 of 10 10.0/ 10.0 Points The Constitution does not address whether the President of the United States should receive any compensation. True False Answer Key: False Question 3 of 10 10.0/ 10.0 Points Freedom of Assembly can be found in the First Amendment. True False Answer
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Fred and Ginger are general partners in a business. They decide to purchase a building for the partnership. Ginger will put up the money for the building‚ and Fred will complete the remodeling. While inspecting the building‚ Fred is informed that the building is packed full of asbestos. He fails to tell Ginger of the presence of the substance. They buy the building and go into business. During the remodeling of the building‚ people from the neighborhood begin complaining about the dust from the building
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1. Is aggression an innate and deterministic quality from birth‚ or is it something that one that all can control‚ as a matter of free will and choice‚ to be used when we need it in a calculated manner? At birth all people are born with aggression as a survival trait. As we educate ourselves as we have seen in the video “The Truth About Violence” even in an educated culture such as the United States we still have violence. Violent people and we are drawn to violent sports such as cage fighting and
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1. Although PAETEC gives the employee prominence in the mission statement‚ the customer comes first in its management practices. (Points : 1) True False Question 2. 2. Judeo-Christian values have traditionally been left in the churches and synagogues and have not entered the marketplace. (Points : 1) True False Question 3. 3. One study cited in the textbook found entrepreneurs tend to be more narrowly focused on profits and thus less socially responsible
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Question 1 (1 point) Dr. Martinez wants to conduct research on university students’ sexual behavior. After designing the study‚ he must Question 1 options: publish his results in the popular press so all subjects can read about themselves. notify college administrators about which students are participating. demonstrate to a research review board that ethical guidelines will be followed. show that his ethnicity will not bias his results. Save Question 2 (1 point) Some products associated
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Part 1 of 1 - 92.0/ 100.0 Points Question 1 of 25 4.0/ 4.0 Points Which one of the following is not a system? A. a leaf B. a tree C. a mountain range D. Earth Correct E. All of these are examples of systems Answer Key: E Feedback: See "The system concept" in Chapter 1. All of the above examples are described as systems. “A system may be large or small‚ simple or complex (Figure 1.6). It could be the contents of the beaker in a laboratory experiment
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water pumps and skiing are on the agenda in Sun Valley‚ Idaho. At least you have an analyst on hand to gather the following required information: 1. The risk-free rate of interest‚ in this case‚ the yield of the ten-year government bond‚ which is 6%. 2. HydroTech’s: a. Market Capitalization (its market value of equity)‚ $100 million. b. CAPM beta‚ 1.2 c. Total book value of debt outstanding‚ $50 million. d. Cash‚ $10 million 3. The cost of debt (using
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1. | Question : | The totality of a group’s thought‚ experiences‚ and patterns of behavior transmitted over the course of generations is part of the definition of: | | | Student Answer: | | cultural identity | | | | culture | | | | norms | | | | race | | | | Points Received: | 4 of 4 | | Comments: | | | | 2. | Question : | In Hofstede’s categorization of elements of culture‚ a country’s Independence Day parades would be an example of: | | | Student
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