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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not be like her mother‚ even if that means leaving her family for her own desires. Marilyn went as far as to not cook healthy meals for her family at one point because she was afraid that she would be too much like her mother. There are many words to describe Marilyn but the words that stick out the most to me that would describe her are selfish‚ irrational and unfair. Marilyn is definitely a selfish person. There are a few situations in the story where you can see this‚ but the most selfish thing
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What does it mean to be a Catholic in contemporary society? To be Catholic means to be whole‚ one with society‚ and having absolute faith in God. Today in the 21st century there are about 1.2 billion Catholics and with the growing population‚ we will build up in capacity. Catholicism itself is based on obeying and believing in God’s grace. It is based on the teachings and beliefs of the Church. We believe that God is one God in three divine persons. Catholics today find the explanation and desire
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1. When someone has autonomy they are using their freedom to choose their own life plan. Every thought and action is made independently. An individual bases their life plan on the morals and beliefs they have. Typically the morals and beliefs have been reflected and thought on by the individual. The actions they make are made by their own free will without being influenced or coerced by another person to make that decision. The action is authentic and is something that the person would normally do
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1. What is mean by teamwork? Team – A group of people who work together as a group. Work – A task or a goal. Teamwork can be defined as co-operation between people who are working together in order to achieve a goal. 2. list and explain the good element required in teamwork a. good communication - all of team member must have a honest communication and they should understand each other communication style that will likely move the team into productive team. - the team member also should beware
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• Case 1-4 Generally Accepted Accounting Principles At the completion of the Darby Department Store audit‚ the president asks about the meaning of the phrase “in conformity with generally accepted accounting principles‚” which appears in your audit report on the management’s financial statements. He observes that the meaning of the phrase must include more than what he thinks of as “principles.” Required: a. Explain the meaning of the term accounting principles as used in the audit report
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his art and writing; they gave him inspiration and new ideas. Blake was apprenticed at the early age of fourteen as an engraver which furthered his artistic education‚ yet limited his other education. Blake used this education in art throughout his life. He earned his living by drawing‚ painting‚ teaching art‚ and engraving. Early critics of Blake were unreasonably critical‚ which in turn made Blake behave erratically. He wove in and out of poverty due to his erratic behavior. “A misunderstood poet
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IFRS Questions Review the Preface. Include the applicable paragraph citation with your response. . USA IFRS; What is the jurisdiction status of adoption? – When a foreign company is trading on a US stock market they can and are allowed to use current IFRS standards and not US GAAP standards 1) When was the International Accounting Standards Board (IASB) established? 2001 Review the standards and interpretations. For each of your responses‚ identify the applicable paragraph. 2) Review
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for a young person. What young person does not want to be considered normal? What does being normal truly look like? Furthermore‚ how is it defined in certain places? What is considered to be normal at home and school?To be considered normal does one have to have a Mom and Dad and siblings and a dog. What about at school? Does being normal mean one is a good student who has lots of friends who share the same interests.What happens to young people who do not share these similar life experiences? Are
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PART TWO: What Happiness Means To Others First person I interviewed on the concept of happiness is my friend‚ Ronnie Topete. He’s a great guy that I’ve met recently. He’s Native American and Latin by heritage and a very interesting individual to have discussions with. The last interview was Lori Michelle Thebarge‚ my 3rd oldest sister. She’s been one of my best friends as well. She’s a lot like myself‚ but when it comes to the small things‚ she’s ignorant. The interview with Ronnie‚ or “Soaring
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