Questions for Critical Thinking 4 Salvatore’s Chapter 8: a. Discussion Questions: 2 and 10. 2. (a) What is the distinction between marginal cost and incremental cost? (b) How are sunk costs treated in managerial decision making? Why? (a) Maringal cost is the change in total costs or in total variable costs per unit change in output (Salvatore‚ 2012‚ pg. 718). The main reason to determine marginal cost is to gain understanding and knowledge of when a company reaches economics of scale. However
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Review Questions 1. What is communication? How does communicating relate to parenting? Communication is any sharing of meaning between two or more people. Communicating is important to positive parenting. It helps parents guide and understand their children. 2. How can financial issues affect parenting? Financial issues cause parents to spend less time together with their kids dues to extra hours spent working. Parents become tired‚ anxious and frustrated. This can create negative interaction
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The main goal of capitalism is to produce goods and services to make a profit. In order to produce goods and services‚ they need three things: capital (tools used to make things)‚ labour‚ and resources. Critical Thinking Questions 1. How do your financial choices impact the economy? Trace the impact of your financial decisions. Our financial choices impact the economy like a ripple. If a business gets shut down and everyone loses their job‚ then they can’t take taxes
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Questions for Critical Thinking 1 Liberty University Business 620/ Global Economic Environment Salvatore’s Chapter 1: Discussion Question 9. How is the concept of a normal return on investment related to the distinction between business and economic profit? There is no normal return on investment. To be considered a return on investment‚ the internal rate of return should exceed the cost of capital. A low risk‚ ongoing enterprise might be satisfied with an IRR= 7-10%‚ while a
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Critical and creative thinking questions What are the major sources of stress in your life? I think the four major sources of stress in my life would be money being number one. This is because I am an international student who moved from Hong Kong to America. Having doing this I had to learn how to manage my own money for example rent‚ bills ‚ and also enough for entertainment. When I was living in Hong Kong with my family I didn’t have to worry about all these factors so it came easy to me.
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Questions For Critical Thinking 7 BUSI 620 Salvatore’s Chapter 14: a. Discussion Questions: 12 and 15. b. Problems: spreadsheet problems 1 and 2. Note: 1. Spreadsheet problem 1: Use table 14-4 as reference. 2. Spreadsheet problem 2: Use tables 14-5 and 14-6 as reference. Discussion Question 12: What is the rationale behind the minimax regret rule? What are some less formal and precise methods of dealing with uncertainty? When are these useful? The rationale behind the minimax regret
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Closing Questions We know there is no dumb question but there are good‚ better and best questions. And we should make a point to be asking ourselves the best questions we can daily. Here are a few soul searching questions: • Which do you believe is worse‚ failing or never trying? • We say life is short‚ so‚ why do we do so many things we don’t like and miss out on so many things we do like? • Robert Kiyosaki tells us‚ “Don’t waste a good mistake…learn from it.” If mistakes are learning grounds
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In my point of view the real God is in your heart and who you believe in. and “Does God Real Love Me?” when someone is struggling in life they would start to underestimate God. They would start to question their faith and is God really love me if so when do he makes my life difficult. In my point of view I struggled a lot I turned my back on God and thought why I am having so many problems in my life and if God is real and he loves me he would never
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1. The narrator‚ Dr. Watson‚ visits his Holmes one day‚ and finds him in talking to Jabez Wilson‚ an old‚ redheaded man. Holmes invites him to come in and listen to Wilson’s case‚ which he claims is the strangest he has ever heard. Holmes amazes them when he lists facts about Wilson that he has gathered from observation‚ but that no one has told him. Wilson begins to tell his story. 2. Two months prior‚ Wilson’s assistant‚ Vincent Spaulding‚ showed him an advertisement in the newspaper for an opening
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I. Islamic Worldview a. The Question of Origin – Similarly to Genesis of the Bible‚ the Quran offers verses describing creation. “Surely‚ your Lord is Allah who created the heavens and the earth…" (Yunus 10:3) The Quran also tells us that Allah is the creator of all‚ including man. There are very few differences between the Islamic and Christian views of Creation‚ as both views accept that everything was created by the Lord. b. The Question of Identity – “The Islamic Identity is taken to mean the
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