1. Free Enterprise-what to produce‚ how to produce it‚ what to sell it at 2. Profit-what remains after all of the expenses have been deducted from sales revenue. 3. Macroeconomics-national and global economy (think macro=big=global) 4. Microeconomics-decisions made by individuals and businesses (micro=small=individual) 5. GDP-(gross domestic product)-total value of all goods and services produced by people within the boundaries of a country during a one year period. 6. CPI(consumer price inex)-measures
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Question 1: Did I deserve credit for the team assignment even though I didn’t do any work? Question 2: Do I tell the team it was my fault I missed the team meeting‚ because I didn’t mark my calendar? Question 3: Should I tell my team I’m obviously not good at time management because I had another project due on the same day as my team project? Question 4: Should I tell my friend that the skills she explained on the application she will really need them‚ and not just need them to get the job
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There are two theories regarding to the formulation of optimism. The first one being learned optimism which was conceptualized by Martin Seligman‚ and the second is the perspective of optimism by Michael Scheier and Charles Carver. Under the learned optimism theory‚ the optimist responds to the inquiry‚ “Why did that bad thing happened to me?” In scientific terms‚ the optimist makes outer‚ variable‚ and particular attributions for fiasco-like events as opposed to internal‚ steady‚ and global attributions
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actions‚ can not be performed without thinking. The term thinking is defined as the activity of the brain that can potentially be expressed in speaking or writing. As humans‚ the ability to apply thinking to our actions is what makes us different from animals. The process of thinking is linked with our senses‚ some more than others. The two most important senses for thinking are seeing and hearing. It operates as a sensing-thinking connection‚ meaning thinking shapes the way we use our senses. Although
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can win money by waiting for a run of five of the same color and then betting against that color. If the roulette wheel in question is a fair wheel‚ which of the following observations or facts‚ if it were true‚ would best reveal a fallacy in the logic? A. If there were a reliable way to win at roulette it would be well-known by now. B. It is hard for a player to keep track of what went before for the time required. C. The probability of getting a particular color decreases with the number of times
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The Relationship between Critical Thinking and Ethics Michael T. McClanahan GEN/201 July 27‚ 2014 1 2 The Relationship between Critical Thinking and Ethics Critical thinking is when exercising or involving careful judgment or judicious evaluation. (Version 3.0.3) This means you take all the facts to narrow down the decisions of a situation or problem. In critical thinking there are six types of thinking‚ as described by psychologist Benjamin Bloom. They are remembering‚ understanding‚ applying
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Decision making vs. Critical Thinking The relationship between critical thinking and decision-making is much more different than what most people think. Critical thinking is the process by which one evaluates information on a given problem. The process of reaching logical conclusions‚ solving problems‚ analyzing factual information‚ and taking appropriate actions based on the conclusions is called decision making. What is critical thinking? Critical thinking is examining assumptions - not simply
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Barriers and Obstacles to Critical Thinking Your Name PHL 251 March 21‚ 2011 Philip Reynolds Barriers and Obstacles to Critical Thinking Critical thinking helps thinkers to act instead of reacting. Reacting results in hasty decisions that are not always well thought-out. Quick decisions can lead to error or cause more problems. Evaluating decision is important to the decision-making process. During reflections a thinker can rethink what the outcome was and if the problem could have been
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The intellectual standards of critical thinking are the ability to assess one’s own reasoning. To be good at assessment to take apart in thinking‚ examining and with respect to standard of quality. The following is the list for intellectual standards are clarity‚ relevance‚ logicalness‚ accuracy‚ depth‚ significance‚ precision‚ breadth‚ and fairness. The intellectual standards goal is for the goal is for these questions to become spontaneous in thinking that they form a natural part of our inner
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1) Which of the four basic strategy types were used by GM? Explain your rationale. GM is a defender. Even though they slimmed down dramatically they still managed to regain their title from Toyota. They are experts at what they make and I am sure they would use the slogan “We’re sticking with the basics.” GM wants to down size the number of platforms they use so they can make the most out of the fewer platforms. 2) Based on the case‚ what is GM’s vision? Do you think it is realistic? Explain
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