Chapter 1 – Applied Problem 1 § Explicit costs are monetary costs of using market-supplied resources. Explicit Costs | | Cost of Products and Services | $355‚000 | Selling Expenses | $155‚000 | Administrative Expenses | $45‚000 | Interest Expense | $45‚000 | Legal Expenses | $28‚000 | Income Taxes | $165‚000 | Total Explicit Costs | $793‚000 | § Implicit costs are non-monetary costs of using owner-supplied resources. Implicit Costs | | Forgone Salary | $175‚000
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INTRODUCTION TO INTERNATIONAL MARKETING 1. What are the principal differences between marketing domestically and marketing internationally or globally? Discuss the various factors that have led to the growth of international business? There is very limited growth in domestic markets‚ so in order to remain healthy‚ most companies must grow and this has been achieved by going international. This is because many product markets in the industrialized nations are saturated which limits
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costs. 4. Explicit costs are the monetary payments that firms make to the owners of land‚ labor‚ and capital in the resource market. (i.e. rent‚ wages and interest respectively) 5. Implicit costs refer to the opportunity costs faced by the entrepreneur who undertakes a business venture and who could otherwise have earned money by hiring his self-owned resources out to another employer. 6. The difference between explicit & implicit costs Wages‚ interest‚ rent are explicit costs whereas
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CONCEPTS OF PROGRAMING LANGUAGES (COMPUTER SCIENCE 7) PRELIMINARIES Reasons for Studying Concepts of Programming Languages 1. Increased capacity to express ideas – People with limited grasp of natural language are limited in the complexity of their thoughts‚ it is difficult for people to conceptualize structure that they cannot describe‚ verbally or in writing. Programmers in the process of developing software encounter the same constraint. Programmers can increase the range of their software-development
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of biblical practices and counseling has been discussed for decades. There is an increased interest in spiritual and emotional health‚ among Christian counselors and with secular therapists as well. Understanding the differences between implicit and explicit integration practices in therapy help a therapist to decide which techniques should be used appropriately in therapy. There are critics who claim there is no way to properly integrate psychotherapy and biblical practices; however there is
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Question 1 1. What does research suggest is the most effective parent involvement activity? Working directly with children on learning activities at home Actively participating in their children’s extracurricular school activities Taking a leadership role in parent-teacher conferences and PTA meetings Attending social events at school with their children and faculty members 1 points Question 2 1. Which of the following strategies is a legal requirement for parental involvement under the
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costs to be irrelevant to a short-run business decision? A. out-of-pocket cost B. opportunity cost C. historical cost D. replacement cost Question 12 1. To an economist‚ total costs include A. implicit‚ but not explicit costs B. explicit‚ but not implicit costs C. explicit and implicit costs D.
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and when it does it will do so in the east. Both explicit beliefs like “everyone hates me” and implicit ones “the sky is blue” serve as a function of helping me figure out where to sit when I enter a room. Once an implicit assumption is violated‚ it becomes explicit. If I suddenly fall through the floor‚ my implicit assumptions about the solidity of the floor suddenly appear in my conscious. The beliefs at the acute ends of the implicit and explicit range breaks down most strikingly when they are
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information‚ and of information retrieved from long-term memory (Alan Baddeley) Explicit memory- memory of facts and experiences that one can consciously know and declare (declarative memory) Effortful processing- encoding that requires attention and conscious effort Automatic processing- unconscious encoding of incidental information‚ such as space‚ time‚ and frequency‚ and of well learned information Implicit memory- retention independent of conscious recollection (nondeclarative memory)
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pursues an objective. The problem with information is that the sender of it must check if the receiver understands it as was intended by the sender. Therefore information materials must always be tested before mass reproduction begins. Explicit Knowledge Explicit knowledge can be described‚ written down and documented (i.e. encoded). Behavioural rules‚ agricultural calendars‚ curative
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