The automobile represented a new paradigm in transportation. Moving from horses to high-speed gas powered vehicles was a big change for society. There was no precedent and little to limit what could be done with the automobile. Driving regulations for automobiles have altered over time and in the beginning of the 20th century there were few regulations because there was no precedent for motor vehicles. Drivers‚ excited by their shiny new thousand pound speeding block of metal‚ would take to the road
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Question 1 0 out of 1 points Suppose a firm is collecting €1250 in total revenues and the total costs of its variable factors of production are €1000 at its current level of output. In the short run‚ one can predict that the firm will Selected Answer: earn a profit. Correct Answer: continue to operate. Question 2 1 out of 1 points Melissa is trying to decide how to divide her time between her jobs as a night-receptionist in the dormitory‚ which pays €9/hr for as many
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pyramids. MMFSL fulfils the gap in the financial system by a unique ‘Earn & Pay’ business model. It provides loans not for consumption‚ but for income generation‚ be it tractors for better farming or haulage applications‚ vehicles used for transportation etc. While serving these customers‚ MMFSL realized the potential for key adjacencies‚ viz. Insurance and Housing Finance. Accordingly‚ two subsidiaries were set up - Mahindra Insurance Brokers Ltd. (MIBL) and
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Quiz 1 1. The raw fundamental data on the human genome cannot be patented but the genes and gene-based discoveries can. 2. The map of the human genome produced by Collins and his co-workers is available from the internet for free all over the world. In other words‚ the map of the human genome created by the HGP is a public good. 3. Celera genomics has no patent over the human genome. However‚ celera does have proprietary rights over its version of that genome. It is private good. Quiz
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..........................4 (CAPITILISM ECONOMIC SYSTEM) CHAPTER 3 ...........................................................................11 (SOCIALISM ECONOMIC SYSTEM) CHAPTER 4 ..........................................................................14 (MIXED ECONOMIC SYSTEM) CHAPTER 5 ………..……………………………………………………………….16 (ISLAMIC ECONOMIC SYSTEM) CHAPTER 6 ………..……………………………………………………………….24 (COMPARISON BETWEEN THE ISLAMIC ECONOMIC AND OTHER ECONOMIC SYSTEM) 1. DIIFFERENCE BETWEEN ISLAM
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problem‚ instead of having an objective of maximizing profit or minimizing cost‚ generally the objective is to maximize the audience exposure. Answer Selected Answer: True Correct Answer: True Question 4 0 out of 2 points In a transportation problem‚ a demand constraint (the amount of product demanded at a given destination) is a less-than-or equal-to constraint (≤). Answer Selected Answer: True Correct Answer: False Question 5 2 out of 2 points A systematic approach
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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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This is an example of derived demand. False 6. Cost–benefit analysis (CBA) is a set of techniques for assisting in the making of decisions that translates all relevant concerns into market (dollar) terms. True 7. The appropriate measure of economic cost is opportunity cost. True 8. How much has to be paid for treatment‚ and how much the treatment is worth‚ depends on whose perspective a cost–benefit analysis of health care is taking. True 9. The chance that you might become injured or
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Part 1 of 1 - 90.0/ 100.0 Points Question 1 of 10 10.0/ 10.0 Points According to the text‚ how many activities are typically associated with employee counseling programs? A.Eight B.Five C.Ten D.Six Answer Key: D Feedback: Correct! Question 2 of 10 10.0/ 10.0 Points What are job-based programs operating within a work organization for the purposes of identifying troubled employees‚ motivating them to resolve their troubles‚ and providing access to counseling
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A. the principle of absolute advantage B. the recognition that government intervention in markets sometimes enhances the economic welfare of the society C. the principle of comparative advantage D. the recognition that not all markets are competitive 18) Which of the following statements about GDP is correct? A. GDP is to a nation’s economy as household income is
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