university of oregon

Psychology is the combination of 2 terms - Answer "Psyche" soul, mind "ology" study Psychology Definition - Answer Scientific study of behavior and the human mind General Principles of Human Behavior (4) - Answer Genetics Personal Experience Cultural Current Enviroment 5 Goals of Psychology - Answer OEPCI Observe behavior as objectively as possible Explain the observations Predict what will happen in the future Control behavior Improve peoples lives ...

In the fishing story, when Dave went fishing he was investing energy to create something of value. This is an example of: - Answer Work In the fishing story, what is an example of a technological innovation? - Answer The use of nets, rather than a pole, for fishing. Private enterprise system requires existence of these four conditions: - Answer Ownership of private property Freedom of Choice Right to keep profits Environment allowing fair competition In the fishing story, wh...

Business - Answer activity that seeks to provide good and services to others while operating at a profit → offer goods, employment, or services to society Goods - Answer tangible products Services - Answer intEntrepreneurangible products Entrepreneur - Answer a person who risks time and money to start and manage a business Revenue - Answer total amount of money a business takes during a given period by selling goods and services Profit - Answer amount of money ...

sole properietorship - Answer Easy, quick, simple and affordable, Full control with minimal administration, Adaptable The Challenges: Risk and personal exposure, Credibility - only as good as yours, Raising additional capital partnership - Answer Voluntary association Unlimited liability Mutual agency - (one bad apple) Limited life Limited access to $ Partners keep control Relatively unregulated Single taxation coporation - Answer Separate legal entity Limited liability...

Which ratio measures how much profit was created with owner's investments? - Answer Return on Equity - ROE Net Income / Owner's Equoity Which ratio measures how much profit was created with assets? - Answer Return on Assets - ROA Net income / Total Assets _____________ is a ratio that calculates profit per share and can be an important number for potential investors. - Answer Earnings per Share - EPS In Foundation, what decisions can you make to improve your contributio...

production - Answer The creation of goods using land, labor, capital, entrepreneurship and knowledge (the factors of production) production management - Answer All the activities managers do to help firms create goods. operations management - Answer A specialized area in management that converts or transforms resources into goods and services. Which includes: Inventory management Quality control Production scheduling Follow-up services production process inputs - Answer ...

production - Answer the creation of finished goods and services using the factors of production: land, labor, capital, entrepreneurship, and knowledge production management - Answer describes the activities that helped firms create goods assembly process - Answer puts together components (eggs, toast, coffee) to make a product (breakfast) mass production - Answer to make a large number of a limited variety of products at very low cost Computer-aided design (CAD) - Answer ...

Goods - Answer Tangible products Services - Answer Intangible products Loss - Answer Occurs when a business's expenses are more than its revenue Standard of living - Answer Amount of goods and services people can buy with the money they have Quality of life - Answer General well-being of a society in terms of its political freedom, natural environment, education, health care, safety, amount of leisure and rewards that add to satisfaction and joy that other goods and...

4 degrees of competition - Answer 1. Perfect Competition 2. Monopolistic Competition 3. Oligopoly 4. Monopoly management processes to deal with uncertainty and risk - Answer planning, operating, organizing, controlling Competition to be a part of exchanges results in? - Answer pressure for lower prices, better products, and more efficient ways to do things What is a stakeholder? - Answer citizen consumer employee business owner risk - Answer the damage associat...

Book Value - Answer Total owners equity/ number of shares outstanding Earnings per Share - Answer net income / shares economics of scale - Answer a proportionate savings in costs gained by an increased level of production mediation - Answer always non minding, third party chosen by both sides who acts more like a counselor arbitration - Answer not always binding but usually, third party who acts more like a judge implied warranty - Answer says that product has no...