• Question 1 0 out of 10 points Suppose Tara chooses to engage in an activity that she values at $80 on a night in which she faced two alternatives‚ all of which do not or would not have cost her any money. She values one alternative at $60 and another at $30. The opportunity cost to her of engaging in the activity is: Answer Selected Answer: $90 Correct Answer: $60 Response Feedback: The opportunity cost of an activity includes the amount you value the next best alternative
Premium Costs Economics Marginal cost
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
Premium Atom Geology
• 1 The most critical quality of ethical decision making is o objectivity o economics o expeditions o consistency Correct • 2 A major consequence of the Sarbanes-Oxley Act of 2002 has been the o political fallout in congress o super growth in accounting firms in the U.S. o reorganizing of the governance structure of American corporations o outsourcing of jobs in lower wage countries Correct • 3 Judging the appropriateness of a particular action based
Premium Management Strategic management Corporate governance
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
Free Culture Sociology Cultural studies
Week Four Team Paper xxxxxxxxxxxxxx QNT/561 August 1‚ 2012 xxxxxxxxx Week 4 Team Paper Best Buy is a company that has 40 years of history with a very accomplished sense of success. In 1966 Best Buy was a small electronics store in that originated in St. Paul Minnesota by Richard Schulze and an acquainted business partner. Considering that technology changes so rapidly‚ Best Buy has had to transform from just being the little electronics store down the way into a competitive
Premium Best Buy Temporary work
* Question 1 5 out of 5 points | | | Entrepreneurs are commonly characterized as:Answer | | | | | Selected Answer: | risk takers and decision makers. | Correct Answer: | risk takers and decision makers. | | | | | * Question 2 5 out of 5 points | | | The hard sell or aggressive persuasion designed to separate consumers from their cash emerged during the _____Answer | | | | | Selected Answer: | production era | Correct Answer: | production
Premium General Agreement on Tariffs and Trade Economics Factors of production
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
Premium Economics Microeconomics Costs
ALL ABOUT YOU ACTIVITY BYP19-7 Many of you will someday own your own business. One rapidly growing opportunity is no-frills workout centers. Such centers attract customers who want to take advantage of state-of-the-art fitness equipment but do not need the other amenities of full-service health clubs. One way to own your own fitness business is to buy a franchise. Snap Fitness is a Minnesota-based business that offers franchise opportunities. For a very low monthly fee ($26‚ without an annual contract)
Premium Costs Variable cost Management accounting
1. Which one of the following does not affect the reject rates at a company’s plants? -The installation of plant upgrade C -Spending for best practices training -Spending for TQM/Six Sigma quality control efforts -The number of models/styles comprising the company’s product line -The size of the incentive payment per non-defective pair produced The installation of plant upgrade C 2. the interest rate a company pays on loans outstanding depends on its credit ratings 3. The company’s shipments
Premium Financial ratios Marketing Region
This work of ECO 561 Week 1 Discussion Question 1 comprises: Different products have different elasticities. Heart medication‚ for example‚ is inelastic and corn is elastic. All firms can increase the volume of goods or services sold by cutting prices; however‚ elastic products are much more price sensitive than inelastic products. Find a product that has not already been selected and describe the price elasticity. How much control might an organization have over pricing based on a product
Premium Elasticity Price elasticity of demand