Economic logic Study guides, Class notes & Summaries

be able to explain how these food strategies are affected by globalization -:- foraging societies are extinct and agricultural systems have grown larger and provide most of the food for most of the people in the world today (pg. 120) Know formalist theory and substantivist theory -:- it holds that economic behavior and motivations vary but culture and logic used is culturally universal= formalist theory Melville Herskovite ( -:- he argued that all people exhibit economic behaviors co...

Chapter 1—Financial Reporting MULTIPLE CHOICE 1. The following is NOT a major component of the financial statements: a. auditor’s opinion b. annual report c. explanatory notes d. balance sheet ANS: B PTS: 1 TOP: AICPA FN-Reporting DIF: Easy OBJ: LO 1 MSC: AACSB Reflective Thinking 2. The following are users of accounting information: a. stakeholders b. creditors c. investors d. all of the above ANS: D PTS: 1 TOP: AICPA FN-Reporting 3. Interested parties receive information ab...

Sociology 101 Straighterline Exam Questions and Complete Solutions __________ involves aspects of social life that have to do with order, stability, and social organization that allow societies and groups to hold together and endure. - Answer: Social statics Herbert Spencer viewed society as a system, having important similarities with - Answer: a biological organism __________ refers to processes of social life that pattern institutional development and have to do with social change. -...

A Guide to the Project Management Body of Knowledge (PMBOK) - A PMI publication that defines widely accepted project management practices. The CAPM and PMP exam are based on this book. Application areas - The areas of expertise, industry, or function where a project is centered. Examples of application areas include architecture, IT, healthcare, or manufacturing. Certified Associate in Project Management (CAPM) - A person who has slightly less project management experience than a PMP, but ...

Microeconomics studies the allocation of A) decision makers. B) scarce resources. C) models. D) unlimited resources. correct answers b Managerial economics A) describes how pay for managers is set. B) ensures managers always make good decisions. C) helps managers make decisions in the face of scarcity. D) explains which products consumers will buy. correct answers c Microeconomic models are used to A) make predictions. B) explain real-life phenomena. C) evaluate production alter...

October/November 2020 PLS 1501 Introduction to Western Philosophy 100 Marks Duration: 24 Hours This paper consists of 2 pages including this cover page. Instructions: Your exam consists of 3 QUESTIONS. SECTION A which consists of ONE QUESTION is COMPULSORY and counts 50 marks You can choose to answer ANY TWO of the FOUR QUESTIONS under SECTION B All 3 answers must be submitted as part of A SINGLE word file/ text DOCUMENT. Please remember to download the plagiarism declara...

WGU D265 Critical Thinking, Reason and Evidence Exam Questions With Answers Latest 2024/2025 | 100% Correct Answers. PROPOSITIONS - correct answers Are statements that can be true or false NON-PROPOSITONS - correct answers Are sentences that are not statements about matters of fact or fiction. They do not make a claim that can be true or false. SIMPLE PROPOSITIONS - correct answers Have no internal logic structure, meaning whether they are true or false does not depend on whether a part o...

Strategic Management - Answer-A.) Analysis B.) Decisions-Formulation c.) Actions-Implementation Key attributes of strategic management - Answer--Directs organization toward overall goals and objectives -Includes multiple stakeholders in decision making -Needs to incorporate short-term and long-term perspectives -Recognizes trade-offs between efficiency and effectiveness Analysis - Answer--Strategic Goals(vision, mission, strategic objectives) -Internal and external environment Decision...

According to Aristotle the state is natural and promotes what? - The greater good How did Aristotle describe politics? - As the "master science" in search of good governance needed for eudaemonia. According to Aristotle man is described as? - A political animal Why do some nations fail according to Acemoglu and Robinson? - Because of poor political and economic institutions In the piece about research and traditions in comparative politics, the authors, Lichbach and Zuckerman say t...

WGU D265 Critical Thinking Reason and Evidence | 98 Exam Questions With Answers Latest 2024 Graded A+. PROPOSITIONS - correct answers Are statements that can be true or false NON-PROPOSITONS - correct answers Are sentences that are not statements about matters of fact or fiction. They do not make a claim that can be true or false. SIMPLE PROPOSITIONS - correct answers Have no internal logic structure, meaning whether they are true or false does not depend on whether a part of them is true ...