Chapter 9 Answers: 1. Consideration consists of mutual exchange of gains and losses between contracting parties. In the exchange‚ a gain by the offer is at the same time a loss to the offeror. The legal term used to designate the gain that each party experiences is that party ’s legal benefit. Consideration has three characteristics 1) The agreement must involve a bargained-for exchange; 2)the contract must involve adequate consideration; and 3) the benefits and detriments promised must themselves
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Chapter 8 Student: ___________________________________________________________________________ 1. The initial response by politicians to the actual and impending changes in the competitive environment of the European energy industry was A. encouragment B. opposition C. to speed integration D. to defeat the EU E. concern over more competition 2. An agreement between countries in a geographic region to reduce tariff and non-tariff barriers to the free flow of goods‚ services‚ and factors of production
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the probability the couple will have no more than 2 boys? 62.5% 7. A random variable is said to be discrete if: Its outcome are countable 8. The mean life of pair of shoes is 40 months with a standard deviation of 8 months. If the life of the shoes is normally distributed‚ how many pairs of shoes out of one million will need replacement before 36 months? 308‚500 9. If the sampled population has a mean of 48 and standard deviation 16‚ then the mean and the standard deviation for the sampling distribution
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Behavior in Organizations‚ 10e (Greenberg) Chapter 8 Group Dynamics and Work Teams 1) ________ focuses on the nature of groups‚ the variables that govern their development‚ formation‚ structure‚ performance‚ etc. A) Group dynamics B) Teamwork C) Social facilitation D) Drive theory Answer: A Diff: 1 Page Ref: 251 2) Which of the following constitutes a group? A) Students waiting in line to sell their textbooks at the end of the semester B) The office support staff of a sales office C) Students
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Regional Economic Integration Chapter Outline OPENING CASE: The European Energy Market INTRODUCTION Levels of Economic Integration THE CASE FOR REGIONAL INTEGRATION The Economic Case for Integration The Political Case for Integration Impediments to Integration THE CASE AGAINST REGIONAL INTEGRATION REGIONAL ECONOMIC INTEGRATION IN EUROPE Evolution of the European Union Political Structure of the European Union Management Focus: The
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(Laudon/Traver) Chapter 9 Online Content and Media 1) The publishing and entertainment industries make up the largest share of the commercial content marketplace. Answer: TRUE Diff: Moderate AACSB: Application of knowledge 2) The average American still spends more time watching television than using the Internet. Answer: TRUE Diff: Moderate AACSB: Application of knowledge 3) The impact of the Internet on media appears to be decreasing the total demand for media. Answer: FALSE Diff: Moderate
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Chapter 8: What is buy-side e-commerce? What is sell e-commerce? State two reason for the steady growth of online purchases as a percent of total retail sales. What is a key benefit for producers of using B2C e-commerce to sell directly to the consumer‚ thus eliminating middlemen? Identify the six stages consumers experience in the sales life cycle that must be supported by a successful e-commerce system. Identify three key challenges that an organization must overcome to convert its business
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Chapter 6 Perfectly Competitive Markets 1. A firm sells a product in a perfectly competitive market‚ at a price of $50. The firm has a fixed cost of $30. Fill in the following table and indicate the level of output that maximizes profit. How would the profit-maximizing choice of output change if the fixed cost increased from $40 to $60? More generally‚ explain how the level of fixed cost affects the choice of output. The table is as follows: Output (Units) Total Revenue ($/unit) Total Cost ($/unit)
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Chapter 9 1. How did the Byzantine Empire maintain Roman imperial traditions in the East? It centers itself around the capital‚ Constantinople. The Byzantines continued to employ a traditional Roman style of government and law. Byzantine Emperor‚ Justinian attempted to restore the Roman Empire to its prior status by trying to recover the western portions of the Empire. 2. What led to the split between the Orthodox and the Roman Catholic Churches? Cultural differences led to the split between the
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Chapter 9 Reading and Outline Questions 1. How did the Revolution affect the following aspects of American life: democracy‚ commerce‚ religion and the separation of church and state‚ slavery‚ women’s rights? 2. How were early state constitutions structured? (A hint: think about the three branches of government we have today. Were they all present in these early Constitutions? Also‚ what was the relationship of individual states to the federal government?) 3. How was the Articles of Confederation
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