Chapter 2—Understanding Politics‚ Laws‚ & Economics TRUE/FALSE 1. Formal and informal policies are popularly known as "the rules of the game." ANS: T PTS: 1 DIF: Moderate REF: p. 20 OBJ: 2.1 NAT: AACSB: Tier 1 Communication | Tier 2 Legal Responsibilities 2. Two "pillars"—the regulatory and the normative pillar—support informal institutions. ANS: F PTS: 1 DIF: Easy REF: p. 21 OBJ: 2.1 NAT: AACSB: Tier 1 Reflective Thinking | Tier 2 Legal Responsibilities 3. Informal institutions
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Chapter 2 Assignment questions and answers 1. A jewelry store makes necklaces and bracelets from gold and platinum. The store has 20 ounces of gold‚ 24 ounces of platinum. Each necklace requires 6 ounces of gold 3 ounces of platinum‚ whereas each bracelet requires 2 ounces of gold and 5 ounces of platinum. The store has to use a minimum of two ounces of gold. The demand for bracelet is no less than three. A necklace earns $375 in profit and a bracelet‚ $225. Formulate a linear programming model
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proprietorship or simply proprietorship - is a type of business entity which is owned and run by one individual and where there is no legal distinction between the owner and the business. Sole trading is widespread- A very large proportion of business conducted in the UK is undertaken by the trader working on his own usually providing his own money (capital) to start the business. The liability of any debts of the business will be down to him. In such a business there will probably be only one person
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In sports‚ there are three distinct types of players. Even though players can play the same sport‚ they will all play it differently. This often causes problems and friction within a team. A certain type of player simply cannot understand the other characteristics a different type of player may hold. Athletes can be categorized based on behavior as hard-working players‚ lazy players‚ and cocky players. Firstly‚ the best but most rare player is a hard-working player. These players work hard to
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Final Exam Format BUSINESS 2710: Modeling and Implementing Business Process REVIEW CLASS 1 Evaluation Scheme Description SECTION A: Process design Weighting 25% SECTION B: Business Process Modeling Assessment of Business Process 10% IT Support 10% Organizational Context 5% Process Redesign 10% SECTION C: SHORT ANSWER (4) Selection of questions based on material covered throughout the course. Choose any 4 out of 8 questions. BUSINESS 2710: Modeling and
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start a business venture‚ many of them start with a sole proprietorship. A sole proprietorship usually involves a single person who runs a business on his or her own. Sole proprietorships are small businesses that often take off to form larger business entities when the owner desires to do so or when the right opportunities are presented. Some of the disadvantages of having a sole proprietorship are the simplicity of operating the business‚ ability to have complete control over business affairs‚
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Chapter 1 The Problem and Its Background Introduction Everyone is aware that Information Technology (IT) has played a very significant role in taking bussinesses and educational institutions to new heights. Before the advent of computers and relevant technology‚ business and information management were totally done using manual resources. As a result‚ the time taken to complete a task was more‚ quality of work was not up to the mark‚ and the procedures also tended to be more complicated (Rampur
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All newscasters of political ideas and it is hard for them to be completely neutral‚ but that isn’t a problem in my mind‚ it is human nature to have opinions. My problem is in how and what the news covers that provides information bias. There are four different kinds of information bias: personalization‚ dramatization‚ fragmentation‚ and authority-disorder bias. Each is its own specific bias‚ but all are interconnected with the others making the news a faulty system‚ and disconnecting their audience
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SAD – Chapter 2 Part I Group Assignment Answer the following questions and then submit through Blackboard Vista: 1. Discuss when you would acquire software from different sources instead of developing in-house. You would acquire software from different sources when it is more cost effective and faster. For example‚ if software has already been created by a company‚ it may be cheaper to use this “shelf-software” than to develop one in house with a company’s own programmers and IT. 2. Describe
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Explain different types of business information‚ their sources and purposes Business information is one of the three main segments of the information industry. The primary forms of business information include: · News · Market research · Credit and financial information · Company and executive profiles · Industry‚ country and economic analysis · IT research · Television Types of business information include Verbal information Verbal communication can either be done face-to-face
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