ECON 2020 – FINAL EXAM REVIEW Exam 1 Review Scarcity * A situation in which unlimited wants exceed the limited resources available to fulfill those wants. * Scarcity leads to CHOICE Choice * A situation caused by scarcity. * Leads to OPPORTUNITY COST Rational Choice (Marginal Cost & Benefit) * Rational consumers will use all available information as they act to achieve their goals * Marginal Benefit – The benefit that arises from an increase in an activity
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JNCIA COMMANDS SHEET > show route > show route table inet.0 > show route table inet.1 > show route table inet.2 > show route table inet.3 > show route table inet.4 > show route table inet.6 > show route table mpls.0 > show route hidden > show route protocol direct > show route forwarding-table > show route protocol aggregate detail > show route protocol static > show rip neighbor > show route protocol rip > show route advertising-protocol rip x.x.x.x > show route receive-protocol rip x.x.x.x > show
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Management-art of getting things accomplished in org-s through others.Goals(OB):predicting behaviour‚explain events‚managing ob.Classical viewpoint-high specialization of labour‚‚intensive specialization‚ central decision-making.Scientific Management-taylor‚optimum of special\standard-tion.Burecracy-weber‚srict chain of command‚detailed rules‚high spec.‚central power‚selection\promotion based on competence.Hawthorne-how psychological affect productivity.HumanRelationsMovement(critique)-stric spec
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z LawVariation of contract The issue here is whether the variation of the contract is valid. Generally‚ if the contract itself clearly allows for the variation‚ the variation will be binding. However‚ if the contract does not clearly provide for variations‚ for the variation to be valid‚ both parties must agree to the changes and the following must be present. EITHER Fresh consideration If there is fresh consideration for the change or variation‚ the change or variation will be valid. This means
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NEGLIGENCE According to common law‚ “negligence is defined as a conduct that fall below the standard of care necessary to protect other from unreasonable risk of injury”. The legal issue is whether […….] can successfully sue […….] for negligence. In order to know whether the defendant commit negligence or not‚ 4 elements must be satisfied‚ including 1) Duty of care (DoC)‚ 2) Breach of the DoC‚ 3) Causation and 4) Remoteness. 1) DUTY OF CARE Case 1: PHYSICAL INJURY: The first element to be proven
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The net present value (NPV) rule can be best stated as: An investment should be accepted if the NPV is positive and rejected if it is negative. The discount rate that makes the net present value of investment exactly equal to zero is b. Internal rate of return. Which of the following statements is true? If the financial manager relies on NPV in making capital budgeting decisions‚ she acts in the shareholders’ best interests. Net present value is equal to zero when the interest rate used to discount
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M&A & Restructuring Strategies. Merger: Two Firms agree to integrate operations on relatively equal basis(usually 1 dominates another in mkt share/size/asset value) Hostile takeover: (delivers higher shareholder value than friendly acquires)(Preannouncement returns of hostile takeover anticipated with increase in bidder & target’s share price). Diversification creates value by using excess resource. Restructuring used to correct with ineffective mergers/acquisitions. M&A used as means of growth to
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Statistics – body of principles and procedures developed for collecting‚ summarizing‚ and interpreting data Chapter 1 – Distribution – describes what values the variable takes and how often – Pie Charts/Bar Graphs – categorical – Histograms/Stem plots – quantitative – Data set has info on number of individuals – For each individual‚ data gives values for variables – When looking at graph… o Center – middle of data o Shape – symmetry or skewed o Spread – range of data Chapter 5 –
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ASSIGNMENT #2: LEVELS AND MODE OF COMMUNICATION The Levels of Communication: A Cheat Sheet Nan Peck‚ Northern Virginia Communication College Phatic Communication: Using conventional messages to establish rapport‚ to break the ice‚ and/or to end a conversation. You might hug‚ kiss‚ shake hands‚ bow‚ smile‚ make eye contact‚ and face one another. We exchange pleasantries by using cliches. Clichés are overused expressions that have lost their original (content) meanings and have taken on new relational
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Disruptive Technology(Joseph L. Bower‚ Clayton M. Christensen) Issue lies at the heart of the paradox: They close too close to their customers. Companies listen to their customers‚ give product performances they were looking for‚ but in the end‚ were hurt by the technologies their customers led them to ignore. 2 Characteristics of the technological changes that damage established companies: 1) They typically present a different package of performance attributes (at the onset‚ not valued by
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