Chapter 2: The Invasion and Settlement of North America‚ 1550-1700 Rival Imperial Models: Spain‚ France and Holland The Spanish seized Mesoamerica and South America and converted many Indians to Catholicism. The Indians were forced to work as gold miners and farmers. The French and Dutch merchants created fur-trading colonies with North American natives. New Spain: Colonization and Conversion 1540s- Vasquez de Coronado discovered the Grand Canyon‚ the Pueblo peoples of the Southwest‚ and the Kansas
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SAMPLE ANSWER FOR QUESTION 5 Profit-making is one of the most traditional‚ basic and major objectives of a firm. Profit-motive is the driving-force behind all business activities of a company. It is the primary measure of success or failure of a firm in the market. Profit earning capacity indicates the position‚ performance and status of a firm in the market. In spite of several changes and development of several alternative objectives‚ profit maximization has remained as one of the single most important
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Chapter 2 Economics Problem Production Possibility Frontier (PPF) -boundary between those combination you chose to produce - there is a limited about of production capabilities -curve/ boundary for production possibility - the points inside curve are attainable -all points outside ppf are unattainable Production Efficiency -using resources to maximum capacity -efficiency means that if you increase production of pizza means you must give up cola (only way—no extra resources to use)
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profit maximization Definition A process that companies undergo to determine the best output and price levels in order to maximize its return. The company will usually adjust influential factors such as production costs‚ sale prices‚ and output levels as a way of reaching its profit goal. There are two main profit maximization methods used‚ and they are Marginal Cost-Marginal Revenue Method and Total Cost-Total Revenue Method. Profit maximization is a good thing for a company‚ but can be a bad thing
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CHAPTER TWO QUESTIONS – LOGISTICS 2-1 A unique feature of integrated logistics is: A – The newness of the concept B – It is fundamental similar to military operations C – Complexity and scope of operations** D – The fact that it employees many people. 2-2 Basic logistics service is a concept that: A – Describes the level of service provided all established customers** B – Is involved in designing a network C – Only involves availability D – None of the above 2-3 A logistics
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the longest dynasty in Israel ’s history. (Glennings) “He reigned for 28 for years‚ 5 generations long.” Dan- Dan is an ancient city located in Israel that was founded in 4500 BC. “Dan was first identified by Edward Robinson in 1838.” (Dan‚ Paragraph 2) The site was identified to be referred to as “Tel Dan” mentioned in the Book of Judges. In Hebrew‚ Tel Dan means “to judge” or judge. (Dan) The city was occupied during the Neolithic period until the conquest of the Tribe of Dan. It was then abandoned
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FALL 2011 Psychology 100 Final Exam Notes Greta Epstein Chapter 2: RESEARCH METHODOLOGY What is Scientific Inquiry? * A way of finding answers to empirical questions- questions that are answered by observing and measuring * 4 basic goals: * Describing what happens * Predicting when it happens * Controlling what causes it to happen * Explaining why it happens
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Chapter 2: Time Value of Money 2.1) I = iPN = (0.09)($3‚000)(5) = $1‚350 2.2) • Simple interest: F = P (1 + iN ) $4‚ 000 = $2‚ 000(1 + 0.08 N ) N = 12.5 years (or 13 years) • Compound interest: $4‚ 000 = $2‚ 000(1 + 0.07) N 2 = 1.07 N log 2 = N log 1.07 N = 10.24 years (or 11 years) 2.3) • Simple interest: I = iPN = (0.07)($10‚ 000)(20) = $14‚ 000 • Compound interest: I = P ⎡(1 + i) N − 1⎤ = $10‚000 ⎡(1.07)20 − 1⎤ ⎣ ⎦ ⎣ ⎦ = $28‚696.84 2.4) •
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Ethics notes Chapters 1 E& 2 Morality is over self intrest and even the law. It is an obligation to do or not do certain things. Philosophy- literally means love of wisdom. From the greek word philia meaning love or friendship and sophia means wisdom. Epistemology- the study of knowledge‚ metaphysics the study of nature of reality‚ and ethics the study of morality. Aesthetics- the study of values in art and beauty and logic the study of argument and the principles of correct reasoning. Ethics-
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PROFIT MAXIMIZATION [See Chap 11] 1 Profit Maximization • A profit-maximizing firm chooses both its inputs and its outputs with the goal of achieving maximum economic profits 2 Model • Firm has inputs (z1‚z2). Prices (r1‚r2). – Price taker on input market. • Firm has output q=f(z1‚z2). Price p. – Price taker in output market. • Firm’s problem: – Choose output q and inputs (z1‚z2) to maximise profits. Where: π = pq - r1z1 – r2z2 3 1 One-Step Solution • Choose (z1
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