Econ 1011 Study Guide Opportunity Cost The opportunity cost is the cost of the forgone alternative. (If you have many alternative it is the one which has the highest value) Total opportunity cost / economic cost = Explicit cost + Implicit cost Production Possibilities Frontier - Points inside the PPF vs. outside the PPF - Shape of the PPF - Economic growth and PPF Law of Demand Other things remaining constant‚ the quantity demanded of a good rises when the price of the good
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RISK MANAGEMENT PLAN PROJECT: Re-design County Animal Shelter PROJECT DESCRIPTION SUMMARY: This County is in need of a re-developed animal shelter. My project entails redesigning the local animal shelter by making it more efficient and safer for the shelter animals and staff. The building is over thirty years old and is in need of a lot of reconstruction to make it a safe environment and something that will ensure disease protection to all the animals at the shelter. PROJECT MANAGER: Michael
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International Marketing Professor Smith You Decide Assignment 2 1. Why do you think hypermarkets are more common in some countries than others? Some countries governments support hypermarkets like for example China. Their government support of a retailer like Wal-Mart opening up in their country. This offers a variety of products. So they support the idea in hopes it will build up their economy‚ by increasing rural consumption and employment. However in some other countries government
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First Midterm Study Dr. Reza Fazeli Econ.20A 1. The phenomenon of scarcity stems from the fact that a. most economies’ production methods are not very good. b. in most economies‚ wealthy people consume disproportionate quantities of goods and services. c. governments restrict production of too many goods and services. d. resources are limited. 2. Approximately what percentage of the world’s economies experience scarcity? a. 10% b. 40% c. 85% d. 100% 3. The adage‚ "There is no such thing
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Homework Problems Professor Hubler 07/12/2015 1. When an investor uses the equity method to account for investments in common stock‚ cash dividends received by the investor from the investee should be recorded as? D. A deduction from the investment account DI. DII. Sisk Company has owned 10 percent of Maust‚ Inc.‚ for the past several years. This ownership did not allow Sisk to have significant influence over Maust. Recently‚ Sisk acquired an additional 30 percent of Maust and now will use the
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Adolescent egocentrism is the heightened self-consciousness of adolescents. Its two components are imaginary audience and personal fable. The imaginary audience is adolescents’ belief that others are as interested in them as they are into themselves‚ as well as attention getting behavior‚ or attempts to be noticed. For example‚ when I was in middle school‚ I had English class with my best friend‚ and she used to "act out" to get attention or laughter from the other students. She would not listen
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1. Compare the absolutist‚ relativist‚ and social power perspectives. Which perspective do you believe would best describe your approach to deviance? Why would you choose this approach? Which of these approaches exhibits the most respect for deviant’s choice of behavior? The absolutist perspective‚ dominated by religious settings‚ hold that deviance is universal and what is wrong in one place‚ is wrong everywhere. This tactic to describing deviance rests on the supposition that all human behavior
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Grading Summary These are the automatically computed results of your exam. Grades for essay questions‚ and comments from your instructor‚ are in the "Details" section below. Date Taken: Time Spent: Points Received: 130 / 140 Question Type: # Of Questions: # Correct: Multiple Choice 16 16 Short 3 N/A Grade Details - All Questions Page: 1 2 3 1. Question : (TCO A) Which answer includes the three major categories of nonprofit organizations? Student Answer:
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Top of Form Maximum number of choices allowed is {0}. 1. India’s economic boom is most likely a result of all of the following EXCEPT ________. A) increasing deregulation B) foreign investment C) educated workers D) government leadership 2. The European Union currently consists of how many nations? A) 46 B) 34 C) 12 D) 27 3. In 2008‚ India joined a free-trade agreement known as ________. A) NAFTA B) SAARC C) MERCOSUR D) ASEAN 4. John Mathis’
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Question 1 3.33 out of 3.33 points Characteristics of a successful supervisor are Answer Selected Answer: having a positive attitude. Correct Answer: having a positive attitude. Question 2 0 out of 3.33 points Higher-level managers‚ middle and top‚ usually spend most of their time on these two management functions: Answer Selected Answer: leading and organizing. Correct Answer: planning and organizing. Question 3
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