Chapter 3 Multiple Choice 1. What is externality a. Looking at a problem from an external view b. A private behavior that has broader social consequences* pg 56 c. Weighing the costs and the benefits of a decision d. F 2. Who deals with externalities in a market economy a. The government* pg 56 b. Local businesses c. Volunteers d. Individuals 3. Which one of these can you have property rights on a. House b. Car c. Inventions d. All of the above* pg 66 4. What is the average cost of bringing a new
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The relationship between the British North Colonies and the government back in England was basically based on religion and politics. The British colonies were under the supervision of the government back home‚ and because of that‚ they eventually rebelled. Religion played a crucial role in this specific relationship. Puritans‚ the followers of John Calvin‚ wished to purify the corrupt church. Because of their specific beliefs and doings‚ they were quite popular with entrepreneurs and merchants
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Chapter 3 Reading Questions: 1. Core Case Study: “Have you thanked your insects today?”- Explain why insects are significant. Many of the earth’s plant species depend upon insects to pollinate them. Carnivorous insects‚ such as the praying mantis‚ control the ‘pest’ insect population. 2. What percentage of the species on this planet consists of insects? Animals? Plants? 53% are insects; 20% are other animals; 18% are plants. 3. Give three examples of how we benefit from microbes. Soil bacteria
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1. A software routine‚ which also acts as a filter that blocks certain type of incoming and outgoing traffic‚ while enabling other types is called a Firewall 2. The ________ tool provides a central access point for all of the network controls and connections on a computer running Windows 7. Network and Sharing Center 3. A device that connects one network to another is called a Router 4. The most common method for illustrating the operations of a network stack is the ________ ‚ which consists
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Difficulty: Easy Learning Objective: 1-3 2. General partners have limited personal liability for business debts in a limited partnership. FALSE AACSB: Communication Abilities Bloom’s: Knowledge Difficulty: Medium Learning Objective: 1-3 3. The separation of ownership and management is one distinctive feature of corporations. TRUE AACSB: Reflective Thinking Skills Bloom’s: Understanding Difficulty: Easy Learning Objective: 1-3 4. A major disadvantage of partnerships
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and objectives that can be planned separately from other company businesses Company division Product line within a division Single product or brand 1. Identify key businesses (strategic business units‚ or SBUs) that make up the company 2. Assess the attractiveness of its
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EASTERN MICHIGAN UNIVERSITY Department of Teacher Education ECE 214: The Developing Child Birth to Age Eight Theory Page Assignment Description—will not be graded if not presented as a single page. Each student will be responsible for creating a page for a theorist who is important in the field of early childhood education/child development. The front page must contain the following information: -Name of your selected theory -Background information of the theorist –name‚ age‚ origin‚ education
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Answers to Chapter 3 Exercises 3.1. DRAM factory. You own and operate a facility located in Taiwan that manufactures 64-megabit dynamic random-access memory chips (DRAMs) for personal computers (PCs). One year ago you acquired the land for this facility for $2 million‚ and used $3 million of your own money to finance the plant and equipment needed for DRAM manufacturing. Your facility has a maximum capacity of 10 million chips per year. Your cost of funds is 10% per year for either borrowing
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shocking works of film that I have ever seen. This movie shows that it really does take only one man to make an effective change in the world. Supersize me revolves around one man‚ Morgan Spurlock‚ who decides to challenge the fast food industry through a shocking demonstration. He embarks on a one month experiment in which all he consumes is the famous McDonald’s fast food chain’s food. The rules are that he cannot eat or ingest anything that is not sold on the McDonald’s menu‚ he must eat everything
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Chapter 3 FIGHTING FRAUD: AN OVERVIEW Discussion Questions 1. Fraud prevention is important because it is the most cost-effective way to reduce losses from fraud. Once fraud occurs‚ there are no winners. 2. Creating a culture of honesty and high ethics helps to reduce fraud in various ways. Management through its own actions can show that dishonest‚ questionable‚ or unethical behavior will not be tolerated. By hiring the right kind of employees‚ management can select people who are
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