...Quiz Chapter 1-1 Multiple Choice Identify the choice that best completes the statement or answers the question. ____ 1. Which of the following is NOT a basic economic question? |a. |WHAT to produce |c. |WHEN to produce | |b. |FOR WHOM to produce |d. |HOW to produce | ____ 2. What is the fundamental problem of economics? |a. |Scarcity |c. |capital | |b. |the factors of production |d. |labor | ____ 3. Which of the following lists the four factors of production? |a. |land, labor, wants, entrepreneurs |c. |land, labor, capital, scarcity | |b. |labor, needs, capital, entrepreneurs |d. |land, labor, capital, entrepreneurs | ____ 4. Which of the following is NOT a capital good? |a. |a bulldozer at a construction site | |b. |an oven at a bakery | |c. |a cash register at a clothing store ...
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...learn important criterion for developing effective research questions, including the creation of appropriate sampling populations and instruments. Other topics include descriptive statistics, probability concepts, confidence intervals, sampling designs, data collection, and data analysis – including parametric and nonparametric tests of hypothesis and regression analysis. Cooper, D.R., & Schindler, P.S. (2006). Business research methods (9th ed.). Boston, MA: McGraw-Hill/Irwin. Lind, D. A., Marchal, W. G., & Wathen, S. A. (2008). Statistical techniques in business and economics (13th ed.). Boston, MA: McGraw-Hill/Irwin. All electronic materials are available on the student website. |Week One: Descriptive Statistics and Probability Distributions | | |Details |Due |Points | |Objectives |Compute descriptive statistics for given data sets. | | | | |Apply probability concepts related to discrete and continuous probability. | | | |Readings |Read Ch. 3, 5, 6, & 7 of Statistical Techniques in Business & Economics. | | | |...
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...ETHICAL REFLECTIONS ON THE CHALLENGES FACING INTERNATIONAL BUSINESSES IN DEVELOPING AREAS Frederick Bird, Concordia University June17, 2003 (Preliminary draft: Please do not cite without permission) Introduction: We now live in a world where the lives of all peoples are inextricably inter-connected. We have been brought closer to each other through modern systems of transportation and telecommunication. Commercially the links between people grow in number and complexity. Elements in the products we use, the clothes we wear, and the food we eat may come from quite diverse places from all over the earth. The volume of trade between countries has greatly increased. We are inter-connected in other ways as well. A disease like AIDs begins in one part of the world and within a short span of years it has spread throughout the globe. How humans utilize natural resources in one certain parts of the world may well affect those in other parts. Particles from insecticides used in the tropics eventually appear in rain and snow of artic areas. Pollution caused by industry and vehicles in urbanized areas ends up disturbing the earth’s atmospheres in ways that affect all humans. We have become inter-connected in still other ways. Humans have migrated all over the earth. Vast numbers of people have moved from rural to urban areas, from continent to continent, in the process bringing with them parts of their varied cultures and traditions. Religiously humans are now more inter-mixed then ever....
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...ECONOMICS FOR MANAGERS T3.2013 Assignment Due date: Nature: Assignment Overview: Monday, January 13, 2014. Individual assignment. This assignment is partly based on the attached article published in The Australian on April 26, 2012 entitled “Poor bear brunt of ‘nanny taxes’” by Adam Creighton and a paper written by Sam Oldfield on August 7, 2013, “Cigarette Tax Hike Defies Economic Logic.” Please read the articles carefully before attempting the questions. You will be required to demonstrate your understanding of economic concepts taught in the unit and relate them to the cases in the articles. This assignment is designed to encourage you to think about the applications of economic concepts learned in this unit to real world scenarios. Based on the attached Rubric, your assignment will be graded on your use of appropriate economic theory and concepts, clarity of exposition and overall quality of your answers. Your answers should follow “Guide to assignment writing and referencing”, available at this link: http://www.deakin.edu.au/currentstudents/assets/resources/study-support/study-skills/assignref.pdf. Answer all questions. Limit the total word count of your assignment to less than 3,000 words. Depth is encouraged over breadth: that is, it is more important that you demonstrate you understand a concept fully, rather than talk about 3 related concepts only cursorily. You are encouraged to use diagrams/examples in your answers when appropriate. 40 marks. Allocation as indicated...
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...Jacqueline John – Individual Assignment - Accounting II Session II, January 16, 2014 Chapters 15 & 16 Chapter 15: Questions 2,5,6,7 and 14 Question#2 What is the International Accounting Standards Board? Why has the board been unable to obtain uniform global application of its standards? Answer: The IASB is particularly interested in harmonization and is charged with the responsibility of establishing and gaining acceptance of international financial reporting standards. Cross-border differences in accounting and reporting create analysis and comparability problems between and among companies. The need for comparable information has led to the demand of harmonization. Question#5: It is important to understand the economic system for businesses before entering into a business relationship because. Economics are handled differently by governments around the world. Much of the time, the economic system is relevant to the form of government. Question #6: Provide an example showing how the following environmental forces affect accounting practices: A. Political and Legal Systems: Managers operating in or planning operations in foreign countries must monitor associated political risks. Political risk occurs because governments have the ability to shift asset ownership from the company to the government or because the company may be asked to relinquish control over operations due to government intervention. Laws enacted by foreign governments often...
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... | D. | Anticorruption | Question 3 of 40 (worth 0.4 points) Which of the following statements is not true of Hungary's economic reform measures? | A. | Hungary had a head start on the other former communist-bloc countries in terms of adopting economic reform measures | | B. | MNCs have been making direct investments in Hungary, as in the case of General Electric's purchase of Tungsram | | C. | Western firms have been entering into joint ventures with local companies in Hungary, attracted by the low cost of highly skilled, professional labor | | D. | In Hungary, state-owned hotels have been privatized | Question 4 of 40 (worth 0.4 points) Identify the emerging market which is projected to have the largest market size in 2010. | A. | China | | B. | Mexico | | C. | India | | D. | Argentina | Question 5 of 40 (worth 0.2 points) The FCPA makes it illegal to influence foreign officials through the granting of favorable tariff rates. True False Question 6 of 40 (worth 0.2 points) Which of the following statements with to the Transparent Agents Against Contracting Entities (TRACE) is incorrect? | A. | It was developed after a review of the practices of 34 companies | | B. | It applies to business intermediaries | | C. | It was developed as a way to prevent the shifting of corrupt practices to suppliers and intermediaries | | D. | It was established by the Latin American companies | Question 7 of 40 (worth 0.4 points) ...
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...bicycles: a. Plot the supply curve and the demand curve for bicycles in Exhibit 1. Exhibit 1 Answer: See Exhibit 3. Exhibit 3 Practice Questions to accompany Mankiw & Taylor: Economics 1 b. What is the equilibrium price of bicycles? Answer: €300 c. What is the equilibrium quantity of bicycles? Answer: 50 bicycles d. If the price of bicycles were €100, is there a surplus or a shortage? How many units of surplus or shortage are there? Will this cause the price to rise or fall? Answer: Shortage, 70 – 30 = 40 units, the price will rise e. If the price of bicycles were €400, is there a surplus or a shortage? How many units of surplus or shortage are there? Will this cause the price to rise or fall? Answer: Surplus, 60 – 40 = 20 units, the price will fall f. Suppose that the bicycle maker's labour union bargains for an increase in its wages. Further, suppose this event raises the cost of production, makes bicycle manufacturing less profitable, and reduces the quantity supplied of bicycles by 20 units at each price of bicycles. Plot the new supply curve and the original supply and demand curves in Exhibit 2. What is the new equilibrium price and quantity in the market for bicycles? Exhibit 2 Answer: See Exhibit 4. equilibrium price = €400, equilibrium quantity = 40 bicycles Exhibit 4 Practice Questions to accompany Mankiw & Taylor: Economics 2 2. Each of the events listed below has an impact on the market for bicycles. For each event, which curve is affected (supply...
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...AP ® WORLD HISTORY Modified Essay Questions for Exam Practice This document provides modifications of the AP World History Comparative and Continuity and Change-Over-Time (CCOT) essay questions from the 2002 to the 2010 operational exams. The modified questions provide examples of essay questions that align more closely with the Curriculum Framework for the revised course as of the 2011-12 academic year. The accompanying rationale for each question explains the revisions. 2 Mission Statement The College Board’s mission is to connect students to college success and opportunity. We are a not-for-profit membership organization committed to excellence and equity in education. About the College Board The College Board is a mission-driven not-for-profit organization that connects students to college success and opportunity. Founded in 1900, the College Board was created to expand access to higher education. Today, the membership association is made up of more than 5,900 of the world’s leading educational institutions and is dedicated to promoting excellence and equity in education. Each year, the College Board helps more than seven million students prepare for a successful transition to college through programs and services in college readiness and college success — including the SAT® and the Advanced Placement Program®. The organization also serves the education community through research and advocacy on behalf of students, educators and schools. For further...
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...Finance and International Business at James Madison University. He is an author of several business articles and has been featured in many business journals. His main purpose of this article is to get the reader to understand the differences between the cultures, decision-making, and employment strategies of Japan and the United States. This topic is suitable for my research paper because it helps me answer the first research question, which deals with the elements and dimensions of culture of Japan. Fukuda, J. (1992). The internationalization of Japanese business: different approaches, similar problems. The International Executive , 34 (1), 27-41. John Fukuda is a professor in the department of the International Business at the Chinese University of Hong Kong. He has written peer reviewed articles for the International Executive. His main purpose for this article is to get the reader to understand the Japanese's approach to business versus the other countries. This article is suitable for my research paper because it helps me to answer question numbers 1 and 2 of the Business cultural analysis. Fukukawa, K., & Teramoto, Y. (2008). Understanding Japanese CSR: the reflections of managers in the field of global operations. Journal of Business Ethics , 85 (1), 133-146. Kyoko Fukuawa is a Senior lecturer in marketing at Bradford University School of Management. Her publications appear in the Journal of Business Ethics and Journal of Corporate Citizenship...
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...Zimbabwe and corporate governance practices as prescribed in the Organization for Economic Cooperation and Development (OECD). It is widely believed that better corporate governance manifest itself in enhanced corporate performance and lead to higher economic growth (Brickley & James, 2011). There are four major players in the mobile telecommunications sector of Zimbabwe namely Econet Wireless Zimbabwe, Telecel Zimbabwe, NetOne and Africom. NetOne is a state controlled entity whilst the other three companies are privately owned with Econet Wireless Zimbabwe commanding the lion’s share of mobile telephone & broadband business in Zimbabwe (Econet Wireless Zimbabwe, 2013). Statement of the problem The major telecommunications companies in Zimbabwe like NetOne, Telecel, Africom and Econet have embraced corporate governance principles and practices since the turn of the new millennium. However, as Ernst & Young (2012) and Gwatiringa (2012) show, wide ranging differences on corporate performance exist in these companies even after the introduction of the multiple currency regime in 2009. It therefore remains unknown to the public stakeholders and the practitioners of corporate governance in general and potential investors in particular on whether corporate governance practices predict similar outcomes amongst these telecom players. Secondary objectives The study will seek to: * Evaluate the extent to which corporate governance practices are being observed in the different...
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...globalization and the globalization has more benefits. For example, it can reduce the goods costing, which some countries can open the factories on China. However, the globalization has some disadvantages. For example, the global financial crisis occurred on 2008. This essay is going to analyses how globalization and global financial crisis in the business environment impact on the organization you work in and the tasks you undertake. The globalization refers to the system of contact among the countries of the world in order to improve the global economy. The globalization is the amalgamation of economics and societies all over the world. Globalization including economic, technological, political, and cultural exchanges made possible largely by advances in communication, transportation, and infrastructure (Hotbabefacthicks, 2010). The global financial crisis refers to a widespread economic emergency that began in 2007. Beginning with the crash of the United States financial system, the crisis quickly spread worldwide, thanks to the interconnected marks of modern global trading systems. It is still impossible to fully explain the effects of the global financial crisis, as the disaster continues to damage and impede markets worldwide even several years after the initial event (wiseGEEK, 2003-2012). To make the information more clear, we have an interview with two businesses Page 1 people, first one is Lily from JILI Car Company and David is from...
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...JOHNMATE1122@Gmail.Com 1. (TCO 1) Economics is the study of (Points : 1) increasing the level of productive resources so there is maximum output in society. increasing the level of productive resources so there is a minimum level of income. how people, institutions, and society make choices under conditions of scarcity. the efficient use of scarce resources paid for at the minimum level of cost to consumers and businesses. Question 2.2. (TCO 1) The key economic concept that serves as the basis for the study of economics is (Points : 1) inflation. unemployment. money. scarcity. Question 3.3. (TCO 1) From an economic perspective, when a student decides to attend another year of college, the student has concluded that the marginal (Points : 1) costs of attending college has decreased that year. benefits of attending college has increased that year. benefits of attending college are greater than the marginal costs. costs of attending college will be subsidized by someone else such as parents or the government. Question 4.4. (TCO 1) Which is considered to be an economic resource by economists? (Points : 1) Rent Money Labor Wages Question 5.5. (TCO 1) If an economy is producing at a point inside a production possibilities curve, then (Points : 1) the economy is efficient. there is economic growth. resources...
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...Cases in Healthcare Finance Case 11 Solution CASE 11 SOLUTION (8/3/05) Copyright © 2006 by FACHE BANGOR FAMILY PHYSICIANS Pay for Performance Case Information Type This case is nondirected, in that it does not contain a specific list of questions that students must answer. Rather, the case contains general guidance or concerns expressed by various parties that students should consider when developing their solutions. If you, as the instructor, want to convert this case to a directed case, and hence provide your students with very specific guidance questions, you can copy and make available the applicable questions for this case contained in the Case Questions section of the online Instructor’s Manual. Purpose This case analyzes alternative pay for performance compensation plans for group practice physicians. Several different approaches are used to measure economic (financial) performance. In addition, compensation can be based on both financial and non-economic factors. Students must not only consider the impact of various approaches on compensation amounts, but also consider the issues of fairness and creation of incentives that benefit the practice as a whole. Complexity The case is moderately complex, especially for students who have little actual work experience and hence a limited understanding of “real world” compensation. There is a lot of number crunching, but the model does most of the work. Model Description The model (filename CASE11 for...
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...Global Business Today 6e by Charles W.L. Hill McGraw-Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 2 National Differences in Political Economy Introduction Question: What is the political economy of a country? A country’s political economy refers to its political, economic, and legal systems These systems are interdependent, and interact and influence each other A country’s political system has major implications for the practice of international business 2-3 Political Systems A political system is the system of government in a nation Political systems can be assessed in terms of the degree to which they emphasize collectivism as opposed to individualism in terms of the degree to which they are democratic or totalitarian 2-4 Classroom Performance System The political, economic and legal systems of a country are called a) Political systems b) Economic systems c) Legal systems d) Political economy 2-5 Collectivism and Individualism Collectivism refers to a system that stresses the primacy of collective goals over individual goals Collectivism can be traced to the ancient Greek philosopher Plato Today, socialists support collectivism When collectivism is emphasized, the needs of the society as whole are generally viewed as being more important than individual freedoms 2-6 Collectivism and Individualism Socialism Modern socialists trace their roots to Karl Marx who advocated state...
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...OWNERSHIP PRACTICE 4/25/2013 CONTENT PAGE | PAGE NUMBER | QUESTION 1 | 3 | QUESTION 2 | 3 | QUESTION 3 | 3-4 | QUESTION 4 | 4-6 | DECLARATION | 7 | QUESTION 1 1.1 75% X 25% = 18.75% 1.2 OWNERSHIP INDICATOR | WEIGHTING POINTS | COMPLIANCE TARGET | POINTS | Voting rights: | | | | Exercisable voting rights in the hands of black people | 3 | 25% + 1 Vote | 2.25 | Economic Interest: | | | | Economic interest in the enterprise to which black people are entitled | 4 | 25% | 3 | QUESTION 2 2.1 Company 1 is 65% Company 2 is 65% x 80% =52% Company 3 is 65% x80%x90% =46.8% Company 4 is 75% Company 5 is 75% x 55%=41.25% 2.2 Company 1 and company 5 – both these companies have lower black ownership. Ownership on both these companies is above 50% 2.3 65% x 80% x 90% x 25% x 75% x 55% x 75% = 10.12% 2.4 OWNERSHIP INDICATOR | WEIGHTING POINTS | COMPLIANCE TARGET | POINTS | Voting rights: | | | | Exercisable voting rights in the hands of black people | 3 | 25% + 1 Vote | 1.21 | Economic Interest: | | | | Economic interest in the enterprise to which black people are entitled | 4 | 25% | 1.62 | QUESTION 3 | R million | | Year 2 | Year 5 | Year 7 | Year 9 | Year 10 | Market Value of the black equity interest (A) | 170 | 150 | 160 | 200 | 250 | Market value claims against the black equity interest (B) | 90 | 65 | 70 | 50 | 0 | Market value of the measured enterprise (C) | 480 | 600...
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