ECO/561 1) If a firm in a purely competitive industry is confronted with an equilibrium price of $5‚ its marginal revenue: A. will be greater than $5 B. will also be $5 C. will be less than $5 D. may be either greater or less than $5 2) A firm that is motivated by self interest should: A. always use large amounts of cheap inputs and small amounts of expensive inputs in producing its output B. hire each input so the productivity of each is equal at the margin C. always
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Business Proposal Nakia Allen‚ Carlene Hill‚ Beverly Morris‚ James Kennedy‚ Ronald Phillips‚ and PaShona Lewis Eco/561 12-6-2012 Charles Frederickson Abstract In this paper Team B will write a business proposal for a Boys Boutique named Kaleb’s Kloset. Team B will include molds about the elasticity of demand and the market structure for the boutique and determine the profit-maximizing quantity. Team B will cover the use of marginal cost and marginal revenue to maximize profit by
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BUS 475 Week 1 Knowledge Check 1. Reaching a valid decision is based on the evaluation of arguments. If we know that a valid argument has true premises‚ then a decision based on the argument______________. A. must be sound B. might be sound C. is strong D. might have a false conclusion The correct answer is: A. 2 2. Identify the fallacy in the following piano store advertisement: Pianos are our only business. You’ll get the best deal at the Piano Experts. A. Ad hominem B. Straw man C. Hasty generalization
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Week 6 Knowledge Check Study Guide Concepts Mastery Score: 9 / 9 Questions Five Reasons Why Diversity Has Become Dominant in Managing 100% 1 2 3 100% 4 5 6 100% 7 8 9 Human Resources Differences Between EEO/AA and Diversity Characteristics of four generations of workers Concept: Five Reasons Why Diversity Has Become Dominant in Managing Human Resources Mastery 100% Questions 1 2 3 1. Diversity in organizations makes good business sense because A. diversity is the new trend
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Home Depot Final Business Proposal Nicole Garcia ECO/561 December 22‚ 2014 Susan Mc Master Home Depot Business Proposal Bernie Marcus and Arthur Blank founded Home Depot Corp in 1978 (The Home Depot‚ 2013). The business created strategic product analysis providing an assortment of items to consumers. From the beginning‚ workers have been able to deliver superior customer satisfaction in the business‚ helping consumers with jobs such as handling power tools‚ changing out parts on appliances‚ laying
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Week 4 Knowledge Check Study Guide Concepts Mastery LEVEL OF DATA MEASUREMENT Questions 100% 1 100% 2 100% 3 100% 4 100% 5 100% 6 100% 7 CONFIDENCE INTERVAL FOR THE MEAN PROBABILITY RULES LINEAR REGRESSION PREDICTION INTERPRETING P VALUE VISION EXTERNAL AND INTERNAL Score: 20 / 20 ENVIRONMENTS OBJECTIVES AND 100% 8 100% 9 100% 10 100% 11 100% 12 BALANCE SHEET 100% 13 FIFO AND LIFO 100% 14 INTERNAL CONTROLS 100% 15 100% 16 GOALS SOCIAL RESPONSIBILITY STRATEGIC
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Week 4 Knowledge Check Study Guide Concepts Mastery BUDGET SURPLUS Questions 100% 1 100% 2 3 TAX POLICY 100% 4 5 FISCAL POLICY 100% 6 BUDGET DEFICIT AND BUDGET SURPLUS Score: 6 / 6 Concept: BUDGET SURPLUS Mastery 100% 1. In the long-run framework‚ budget surpluses Questions 1 A. should be run whenever output dips below potential output B. should never be run since they crowd out investment in the short-run C. are better than budget deficits over the long-run because unlike
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Week 1 Knowledge Check Study Guide Concepts Mastery Questions MACROECONOMICS 0% 1 INTEREST RATES 100% 2 100% 3 100% 4 100% 6 100% 7 GROSS DOMESTIC PRODUCT HISTORIC ECONOMIC DATA DEFINITION OF ECONOMICS LAW OF DEMAND Score: 6 / 7 5 Concept: MACROECONOMICS Mastery 0% Questions 1 1. The two frameworks conventional economists generally use to analyze macroeconomic issues are A. the inflation and the unemployment frameworks B. the short-run and the long-run frameworks C. the
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Week 2 Knowledge Check Study Guide Concepts Mastery CRITICAL THINKING BARRIERS Score: 9 / 9 Questions 100% 1 2 100% 8 9 3 4 5 6 7 OVERCOMING CRITICAL THINKING BARRIERS Concept: CRITICAL THINKING BARRIERS Mastery 100% Questions 1 2 3 4 5 6 7 1. What is one of the reasons that enculturation is considered as a barrier to critical thinking? A. Because people vary in degree to which they use their attributes. B. Because our psychological world is shaped by our exposure to
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Week 5 Knowledge Check Study Guide Concepts Mastery Score: 14 / 15 Questions The Employee Recruitment/Selection 100% 1 8 9 100% 2 3 4 100% 5 6 7 67% 10 11 12 100% 13 14 15 Process Four Types of Company Postures for Recruitment Internal and External Recruitment Methods Organizational Considerations in Staffing Decisions Screening and Selection Methods Concept: The Employee Recruitment/Selection Process Mastery 100% Questions 1 8 9 1. Recruitment begins by specifying
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