Multiple Choice Identify the letter of the choice that best completes the statement or answers the question. ____ 1. When a society cannot produce all the goods and services people wish to have‚ it is said that the economy is experiencing a. scarcity. b. shortages. c. inefficiencies. d. inequities. ____ 2. Economics is the study of a. production methods. b. how society manages its scarce resources. c. how households decide who performs which tasks. d. the interaction of business
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Marketing is a social and managerial process by which individuals and groups obtain what they need and want through creating and exchanging value with others. Marketing involves building and managing profitable exchange relationships with customers. The role of marketing is to understand consumers‚ create value‚ and build strong customer relationships. All of these steps form the basis for the fourth step‚ building profitable customer relationships and create customer delight. In the final step‚
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Ownership Having things‚ we all like having things. Media and popular culture is rank with the need and competition for the ownership of tangible things. By this bigger car! Get this special spoon-fork hybrid! It is a constant and dangerously consuming race and it is not surprising that because of it some philosophers‚ like Plato‚ have concluded that ownership is damaging to one’s morals. But then there are philosophers like Aristotle‚ who say that tangible ownership can help develop a person.
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although there are ways around these limitations through the conventions of soliloquy and aside. In soliloquies characters talk to themselves‚ they think out loud. In asides characters speak directly to the audience‚ and they let the audience know what they are really thinking. Both conventions can effectively be used in theatre but they interrupt action and it is inappropriate if the playwright is working in realistic mode. Because the play presents its action on a stage there are a lot of reasons
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monopolistic competition can be the most common structure related to our daily life. Restaurants‚ clothing stores‚ coffeehouses‚ and supermarkets are all examples of the monopolistically competitive industry. Therefore‚ it is important to understand what monopolistic competition is and learn how to gain profit in this market. According to Microeconomics (international edition) by R. Glenn Hubbard and Anthony P. O’Brien‚ monopolistic competition is in which many firms sell similar but not identical
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First Amendment What is 1st Amendment? First Amendment gives the citizens of the United States the freedom of religion‚ speech‚ press‚ assembly and petition. It was adopted in 1791 and is one of the amendments that are part of the Bill of Rights. It sounds simple as we read it but do we really understand how this amendment impacts our life and our everyday living? As my parents reminded me‚ everybody has the freedom of speech but we have to keep in mind that it should be used with respect
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attentive can help us to caution ourselves from dangers. If we see troubles coming in our way‚ don’t walk right in to it find another way. Secondly‚ think about the consequences. Why not ask yourself? For instance: How lives feel later if I give in? What may be the outcome? How can it affect the others‚ specially‚ to your love ones? Remember‚ bible says at Proverbs 14:15‚ smart people watch their steps. Doing right decisions requires a lot of time to meditate. For this‚ we just don’t jump in to any
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Problem #1: Acute Pain r/t R TKR Revision Goal/Outcome: Patient will have pain no > 3/10 on my shift. Nursing Intervention Rationale Patient Responses Assess pt’s sx & sx of pain and administer pain meds as prescribed. Monitor and record the Rx effectiveness and adverse effects. Assessment allows for care plan modification‚ as needed. (Potter & Perry‚ 965) Patient denies pain and discomfort‚ but stats pain is around a 4/10 at 11 am. (Last pain med given at 6 am) Plan Activities with pt to
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Just in time (JIT): is a production strategy that strives to improve a business’ return on investment by reducing in-process inventory and associated carrying costs. To meet JIT objectives‚ the process relies on signals or Kanban between different points‚ which are involved in the process‚ which tell production when to make the next part. Kanban are usually ’tickets’ but can be simple visual signals‚ such as the presence or absence of a part on a shelf. Implemented correctly‚ JIT focuses on continuous
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Differentiate between the marketing concept and the selling concept. The concepts of marketing and selling are derived from 2 simple activities: marketing and selling. These two activities are very similar to a large extent similar though there are a few elements about each of them that differentiate them. Selling can be defined as a process of transferring a product or service to a buyer at a price regardless of his or her need whereas marketing is defined as a process of transferring a product
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