Solvent- when its assets exceeds its liabilitites Liquid- when it can pay its bills on time without undue cost Financially flexible- ability of a company to augment its future cf’s to cover cash needs and take advantage of unforeseen opportunities Current Ratio and Quick Ratio are best characteristics of solvency Current ratio- degree to which current liabilities are covered in event of liquidation Basic ingredients of liquidity – Amount- Time- Cost Lambda- is developed from a function of the
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Vocabulary/Terms: Memory- the persistence of learning over time through the storage and retrieval of information. importance- research on a memories extremes has helped us understand how memory works.  Working Memory- a newer understanding of short-term memory that focuses on conscious‚ active processing of incoming auditory and visual-spatial information‚ and of information retrieved from long-term memory. importance- better understanding of Atkinson and Shiffrin’s second stage‚ concentrates
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Entrepreneurial decision making and the effect on business models. D o entrepreneurs take decisions based on gut feeling rather than on facts? Marijn A.W. Mulders Clemens P.J.A. van den Broek Avans University of Applied sciences‚ Breda‚ The Netherlands March 2012 Entrepreneurial decision making and the effect on business models. EFMD‚ European Foundation for Management Development Paper for Entrepreneurial Activities and Support of Entrepreneurs \march 5th and 6th 2012 Table
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Midterm Review GMS200 Chapter 1 1. What does the term Global Management mean?Global management is the management of operations in more than one country 2. Define Global Economy (See Text)In the global economy‚ resources‚ markets‚ and competition are worldwide in scope. It pretty much means how well all the countries are doing as one in terms of economy‚ resources‚ markets and competition. 3. In a competitive global business landscape‚ the increasing demand for talented knowledge workers is primarily
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review the information presented with an open mind and the strength to disagree if necessary. Within the group of people chosen by President Kennedy as his Executive Committee‚ there were noted instances of the availability heuristic among many of the members of the group. This heuristic occurs when people access the likely cause of an event based upon information that is readily available in their memories. (Bazerman‚
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1. To ensure that other researchers can repeat their work‚ psychologists use A) control groups. B) random assignment. C) double-blind procedures. D) operational definitions. 2. Well-done surveys measure attitudes in a representative subset‚ or ________‚ of an entire group‚ or ________. A) population; random sample B) control group; experimental group C) experimental group; control group D) random sample; population 3. If shoe size and IQ are negatively correlated‚ which
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currently operate in over 200 countries. This is not a simple task‚ but Coca-Cola has found ways to manage by taking the right risks and evolving over time. Coca-Cola has over time invested in their brand‚ their quality‚ the right marketing‚ the availability of their product and are continuously looking for ways of innovation. The latter is what perhaps might be the biggest reason they are still around. Organization culture This plays a very big role at Coca-Cola. This involves the shared values
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he Structure of Language Language is a system of symbols and rules that is used for meaningful communication. A system of communication has to meet certain criteria in order to be considered a language: A language uses symbols‚ which are sounds‚ gestures‚ or written characters that represent objects‚ actions‚ events‚ and ideas. Symbols enable people to refer to objects that are in another place or events that occurred at a different time. A language is meaningful and therefore can be understood
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resemblance‚ prototypes v. exemplars Hierarchical organization: basic level‚ superordinate level‚ subordinate level categories Problem Solving (ill-defined v. well-defined problems) & problem solving strategies Heuristics (and examples: anchoring and adjustment‚ representativeness‚ and availability) Insight‚ decision making‚ and Framing Confirmation Bias‚ Belief Persistence Chapter 11: Instincts‚ Drives‚ Motivation‚ Emotion Homeostasis‚ Incentive Motivation‚ Achievement Motivation‚ Intrinsic Motivation
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Systematic Heuristic Habbits & emotion Happy‚ joy Non-systematic Logic & reason (opposite of heuristic) Ppl take their time (ppl are spending a lot of $) Inferential Residual The Lexical Hypothsis suggested that: Language will have many words for very important personality traits. Language will
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