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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Discussion Question 1_02 http://www.investorwords.com/4616/social_responsibility.html Describe at least six recommendations that you would make to improve the effectiveness of today’s boards of directors. 1 I would require the board of directors degree of involvement in strategic management be active participation (approves‚ questions and makes final decisions on mission‚ strategy‚ policies and objectives) or be that of a catalyst (takes the leading role in establishing and modifying
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Week One Discussion Question ECO 365 August 29‚2013 Week One Discussion Question What is economics? What role does economic play in your personal and organizational decisions? Provide an example of the role of economics in decision making? According to the background history of economics‚ economics is the study of how individuals and groups make decisions with limited resources as to fulfilling and satisfying ones needs‚ desire‚ and wants. Economics is also another term related to money
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Discussion Board Question 7 THE CASE OF BRIAN B. AND THE MEDICAL FILE TEST Brian B. is taken into an exam room in the office of Dr. K. by the medical assistant‚ Amy. Amy gets into an animated discussion with Brian about their mutually favorite baseball team. As Amy leaves the exam room‚ she accidentally places Brian’s medical file on the counter. While Brian waits for Dr. K.‚ he reads through his file folder. He is shocked to discover that his recent test for AIDS came back positive. Brian
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Course consists of: BUS 415 Week 1 Business Ethics Case Paper.docx BUS 415 Week 1 DQ 1.docx BUS 415 Week 1 DQ 2.docx BUS 415 Week 1 DQ 3.docx BUS 415 Week 2 DQ 1.docx BUS 415 Week 2 DQ 2.docx BUS 415 Week 2 DQ 3.docx BUS 415 Week 2 State of Confusion Paper.docx BUS 415 Week 3 DQ 1.docx BUS 415 Week 3 DQ 2.docx BUS 415 Week 3 DQ 3.docx BUS 415 Week 3 Synopsis of Tort Cases Paper.docx BUS 415 Week 4 DQ 1.docx BUS 415 Week 4 DQ 2.docx BUS
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Week 3 – Discussion 1 Many papers have been writing on the subject of exploitation of the poor by multinationals and there is no easy answer or solution to satisfy both sides; economists and ethicists are continuously debating on the back of the increasing expectations from the consumer population for firms‚ to behave socially and environmentally responsibly. The Economist Approach The world of business is no romance; it is a place populated with various stakeholders and the survival and long-term
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Emphasis is placed on reasoned logical argument so that we can use economics as a method and model for decision making. Students are expected to apply their critical thinking skills. Course Requirements: This course will involve both lecture and discussion. Students will be expected to prepare assignments carefully and thoughtfully and to participate actively. For a successful class‚ all must be present and ready to question‚ discuss‚ and debate the material and issues. Your active participation in
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Assignment 1 – Discussion Questions Factors Favoring Acceptance 1. The location being in Ocean City will be favorable for all auditors conducting the audit. This will allow for ease of travel for all auditors involved. This will also lend to the knowledge the firm has of the business and all relevant operations pertaining to Oceanview Marine Company. 2. The financial statements are organized in an easy-to-read fashion. They support that Oceanview is a healthy company and has been for the past
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Project 2.1.3: Map-A-Brain Conclusion 1 Why is the story of Phineas Gage considered so extraordinary? What does his story teach us about the brain? The injury that occurred to Phineas Gage is extraordinary because it completely changed his emotions and mental characteristics‚ and did not damage him severely physically.He lived from the accident‚ and was physically the same person‚ but after it‚ all of his personal characteristics changed‚ turning him into a completely different person. This proves
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icing on a cupcake the demonstrator will describe how to do so‚ allowing an auditory learner to learn. So both a visual and auditory learner can benefit from demonstrations. Now to group discussions and how both visual and auditory learners can use group discussions to help in there learning processes. Group discussions
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