1. Economic theory is a valuable tool for business decision making because it Answer identifies for managers the essential information for making a decision. assumes away the problem. creates a realistic‚ complex model of the business firm. provides an easy solution to complex business problems. 0.2 points Question 2 1. Economic profit is Answer the difference between total revenue and the opportunity cost of all of the resources used in production. the
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Unit 3 : Unit 3: Legal Writing for the Client - Quiz Top of Form Time Remaining: Question 1. 1. A trial brief is a document prepared for use _____________. (Points : 2) in trial court — mostly for the attorney’s personal use — that summarizes the issues‚ the evidence and witnesses‚ and the law In an appellate court. It is the formal legal presentation of a party’s position and‚ as such‚ must comply with the receiving court’s specific requirements In a
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Part 1 of 1 - 92.0/ 100.0 Points Question 1 of 25 4.0/ 4.0 Points Which one of the following is not a system? A. a leaf B. a tree C. a mountain range D. Earth Correct E. All of these are examples of systems Answer Key: E Feedback: See "The system concept" in Chapter 1. All of the above examples are described as systems. “A system may be large or small‚ simple or complex (Figure 1.6). It could be the contents of the beaker in a laboratory experiment
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1. Which one of the following does not affect the reject rates at a company’s plants? -The installation of plant upgrade C -Spending for best practices training -Spending for TQM/Six Sigma quality control efforts -The number of models/styles comprising the company’s product line -The size of the incentive payment per non-defective pair produced The installation of plant upgrade C 2. the interest rate a company pays on loans outstanding depends on its credit ratings 3. The company’s shipments
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1 of 20 Which of the following conclusions would sociologists most likely agree upon when discussing the importance of the sociological perspective? It opens a window to unfamiliar worlds and offers a fresh look at familiar worlds. It verifies our basic assumptions about life and the need to focus on human needs. It challenges cultural tradition to provide a new framework of human understanding. It enforces social solidarity and expands the importance of the social imperative.
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The general manager of the grocery store Wegmans in Canandaigua‚ NY‚ wants to know the average (typical) amount of time it takes for a customer to check out of his grocery store. Last Saturday between the hours of 8 am and noon the manager‚ along with a team of helpers‚ measured the amount of time it took the first 200 customers to check out at each of its open registers. The helpers recorded the time (in minutes) using a stop watch‚ starting when a customer first arrived at a line and ending when
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Points Awarded 7.00 Points Missed 3.00 Percentage 70.0% 1. In the supplemental materials‚ you learned that (1) the GRI is one of the most widely used CSR reporting methods; (2) the initial report of most businesses is a "C" level report; and (3) "C" level reports are required to measure ten performance indicators‚ including at least one from Economic‚ Environmental‚ and Social areas. You are at a private school and responsible for recommending performance indicators and developing metrics
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Question 1 of 10 10.0/ 10.0 Points The Continental Congress‚ in February 1787‚ called for a convention of delegates to meet in May in Philadelphia. True False Answer Key: True Question 2 of 10 10.0/ 10.0 Points The Constitution does not address whether the President of the United States should receive any compensation. True False Answer Key: False Question 3 of 10 10.0/ 10.0 Points Freedom of Assembly can be found in the First Amendment. True False Answer
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Fred and Ginger are general partners in a business. They decide to purchase a building for the partnership. Ginger will put up the money for the building‚ and Fred will complete the remodeling. While inspecting the building‚ Fred is informed that the building is packed full of asbestos. He fails to tell Ginger of the presence of the substance. They buy the building and go into business. During the remodeling of the building‚ people from the neighborhood begin complaining about the dust from the building
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1. Is aggression an innate and deterministic quality from birth‚ or is it something that one that all can control‚ as a matter of free will and choice‚ to be used when we need it in a calculated manner? At birth all people are born with aggression as a survival trait. As we educate ourselves as we have seen in the video “The Truth About Violence” even in an educated culture such as the United States we still have violence. Violent people and we are drawn to violent sports such as cage fighting and
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