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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explaining the relatively high birth rates in colonial America. True False Question 7 10 / 10 points The majority of blacks were shipped from West Africa‚ but some also came from Madagascar and Zanzibar. True False Question 8 10 / 10 points On the eve of the American Revolution‚ the majority of colonists were naturally born in the colonies rather than immigrants from elsewhere. True False Question 9 0 / 10 points Regional specialization did not emerge in
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Question 1 (1 point) Imagine you’re planning an after-symphony fund-raising party‚ and you need a life-size grand piano cake. Or you are a developer proposing a new shopping centre to a group of investors‚ and you want to serve a cake shaped like an architectural rendition of the centre. Is this impossible? No‚ you just need to contact Cecilia Villaveces Cakes. She actually built a life-size grand piano cake for a gala in Toronto. You can expect to pay anywhere from $75 to $10‚000 for one of
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Correct/Incorrect Indicator Key Correct Answer Incorrect Answer Partially Correct or Essay Question Below is a scored review of your assessment. All questions are shown. Voice and Data Plans‚ Voice and Data Features (VDP) 1. VDP-8 How many days do customers have to set up their voicemail from their wireless handset in their home market? Your Answer: 60 Correct Answer: 60 Explanation: This is correct. Customers have 60 days to set up their voicemail
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remedy as it is only available for breach of contract to sell a unique item. True 7. A _____ is a promise or a set of promises for the breach of which the law gives a remedy‚ or the performance of which the law in some way recognizes as a duty. Tort 8. A(n) _____ contract is one in which the terms are spelled out directly and the parties are conscious that they are making an enforceable agreement. express 9. An agreement that is lacking one of the legal elements of a contract is said to be _____
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Review Quiz‚ Chapter 4 – Encumbrances‚ Liens‚ and Homesteads 1. A property tax bill is an example of: (a) a voluntary lien (b) a general lien (c) an involuntary lien (d) two of the above are correct 2. An easement with only a servient tenement: (a) easement in gross (b) easement appurtenant (c) easement egress (d) easement for encumbrance 3. If an owner files a proper Notice of Completion in the County Recorder’s office‚ unpaid subcontractors
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culture quizQuiz 1-George Tailor works as a supervisor for an engineering company in Riyadh‚ Saudi Arabia. In the UK he had a reputation for speaking his mind and by doing so getting the best out of his staff. At the current project in Riyadh he supervises 12 British staff and nearly 50 Saudi staff. After a few months George has become increasingly frustrated by what he sees a less than effective Saudi team. Their lack of competence and slow work pace is worrying George. What should he do to try
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the industry’s overall low-cost provider not particularly well matched to the market situation? When buyers have widely varying needs and special requirements and when the cost of switching purchases from one seller to another are relatively high. 8. The objective of competitive strategy is to B. build advantage in the marketplace by giving buyers superior value relative the offerings of rival sellers.
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price when producing 14 units? Selected Answer: €20 Correct Answer: €20 Question 7 1 out of 1 points Total consumer surplus received by the buyers is Selected Answer: €125 Correct Answer: €125 Question 8 0 out of 1 points The
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* 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
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