Chapter 1 Solutions to Practice Questions Questions for Review 2. The opportunity cost of seeing a movie includes the monetary cost of admission plus the time cost of going to the theater and attending the show. The time cost depends on what else you might do with that time; if it’s staying home and watching TV‚ the time cost may be small‚ but if it’s working an extra three hours at your job‚ the time cost is the money you could have earned. 4. Policymakers need to think about
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Chapter 1 Discussion Questions 1. What advantages does a sole proprietorship offer? What is a major drawback of this type of organization? A major drawback is that there is unlimited liability to the owner. The advantage is simplicity of decision making and low organizational and operating costs. 2. What form of partnership allows some of the investors to limit their liability? Explain briefly. It allows some of the partners to limit their liability. With this arrangement‚ the partners
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price $40 Market value of firm $400‚000 Number of shares 10‚000 Earnings per share $4 Book net worth $500‚000 Return on investment 8% Pisa has not performed spectacularly to date. However‚ it wishes to issue new shares to obtain $80‚000 to finance expansion into a promising market. Pisa’s financial advisers think a stock issue is a poor choice because‚ among other reasons‚ “sale of stock at a price below book value per share can only depress the stock price and decrease shareholders’ wealth
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* Solutions for Chapter 2 * Corporate Governance Review Questions: 2-1. Corporate governance is defined as: “a process by which the owners and creditors of an organization exert control and require accountability for the resources entrusted to the organization. The owners (stockholders) elect a board of directors to provide oversight of the organization’s activities and accountability back to its stakeholders.” The key players in corporate governance are the stockholders
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Blog post #2. 6-14 Chapters 6-14 are really good chapters. It mostly talk about the Ndoli and Emma because they like each other. Ndoli is always sitting on the tree and Emma says he is beautiful and she wants him to be with her. At the beginning she sees the guy that killed her mother and she gets really scared to see and she thought the might kill her. She felt really bad and she was shaking that day so Mukecuru stayed with her and helped her. The survivors were laughing and they were going to
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Chapter 1 In this chapter the Finch family is introduced by Scout. Simon Finch established a homestead‚ ‘Finch’s Landing’‚ on the banks of the Alabama River. Both of his sons ended up leaving the landing as‚ Atticus‚ studied law; the other had studied medicine. Their sister Alexandra stayed and took care of the landing with her husband. Atticus moves to Maycomb‚ Alabama where he raises his two children‚ Scout and Jem. These children have always been fascinated by the Radley house because of the
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CHAPTER 3 Valuing Bonds Answers to Problem Sets 1. a. Does not change b. Price falls c. Yield rises. 2. a. If the coupon rate is higher than the yield‚ then investors must be expecting a decline in the capital value of the bond over its remaining life. Thus‚ the bond’s price must be greater than its face value. b. Conversely‚ if the yield is greater than the coupon‚ the price will be below face value and it will rise over the remaining life of the bond. 3.
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Chapter 14 - The Civil War The Secession Crisis The Withdrawal of the South * South Carolina voted Dec 1860 to secede‚ by time Lincoln came to office six more states (Mississippi‚ Florida‚ Alabama‚ Georgia‚ Louisiana‚ TX) seceded * Seceded states formed Confederate States of America Feb1861. These states started seizing federal property but at first lacked power to seize the military instillations at Fort Sumter‚ SC and For Pickens‚ FL The Failure of Compromise * Compromise proposed
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Chapter 14 talks about the lens model has a balance of external cues and personal judgments when it comes to making a decision. In the chapter in states how the lens model does an excellent job of capturing the “totality of the circumstances.” The views of each person will be different compared to someone else. The chapter also illustrates the psychology of a decision making. It also illustrate on a study about showing three version of five different symbols and what their justification for each
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CHAPTER 17 SPONTANEITY‚ ENTROPY‚ AND FREE ENERGY Questions 11. Living organisms need an external source of energy to carry out these processes. Green plants use the energy from sunlight to produce glucose from carbon dioxide and water by photosynthesis. In the human body‚ the energy released from the metabolism of glucose helps drive the synthesis of proteins. For all processes combined‚ ∆Suniv must be greater than zero (the second law). 12. Dispersion increases the entropy of the universe because
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