People face trade offs - Study guides, Class notes & Summaries

BPK 381 Final Exam 260 Questions with Verified Answers What is motivation? - CORRECT ANSWER The process that controls both the direction and strength of choice made by a person among alternative courses of actions -Vroom, 1964 What are the 5 critical concepts of motivation? - CORRECT ANSWER ∙Direction (positive or negative motivation) ∙Intensity (strong or moderate) ∙Persistence (how long does that behaviour change last, ex. hawthorne effect) ∙Behaviour (action from which we in...

ECO111 Full questions and answers correct 100%| 2023 updateECO111 Full questions and answers correct 100%| 2023 update QN=1 (17143) The marginal benefit John gets from eating a fourth cheeseburger at a picnic is a. the total benefit John gets from eating four cheeseburgers minus the total benefit John gets from eating three cheeseburgers. b. the same as the total benefit of eating four cheeseburgers. c. less than the marginal cost of eating the fourth cheeseburger since he chose to eat th...

Which principle of economics does the $6 price from the China vendor represent if the company decides to produce the sheet set in its Mexico facility Correct Answer principle 2:cost is determined by what is given up also known as opportunity cost Which economic system is represented by thr governments actions to regulate the production of ABC company's products Correct Answer mixed Which economies have characteristics of all the economic systems with market system being the most prevalent...

ECON 211 Exam 1 (UNL) Study Guide with Complete Solutions Economists study.... - Answer️️ -all human behavior Economic agent - Answer️️ -an individual or a group that makes choices (examples: consumer eating bacon cheeseburger or tofu burger, parent enrolling child in public or private school) scare resources - Answer️️ -things that people want, where the quantity that people want exceeds the quantity that is available scarcity - Answer️️ -exists because people have unlim...

SEVI 3013 Exam 1 Rodeffer Questions and Answers Rated A+ Strategic management 3 steps analysis, decisions, actions Strategy the ideas, decisions, and actions that enable a firm to succeed Strategy characteristics it is about choices and is focused on the future Strategic management 3 steps key activities performed Analysis: strategic goals (vision, mission, strategic objectives) and internal/external environment. Decisions: Actions: resource allocation Attributes of strategic management -Dir...

ECO111 Full Questions and Answers Correct 100% 2023. QN=2 (17122) Mitch has $100 to spend and wants to buy either a new amplifier for his guitar or a new mp3 player to listen to music while working out. Both the amplifier and the mp3 player cost $100, so he can only buy one. This illustrates the basic concept that a. trade can make everyone better off. b. people face trade-offs c. rational people think at the margin. d. people respond to incentives. - correct answer B QN=3 (17123) Senato...

Chapter 3 Interdependence and the Gains from Trade MULTIPLE CHOICE 1. People who provide you with goods and services a. b. c. d. ANS: B NAT: Analytic TOP: Trade ANS: NAT: TOP: a. b. c. d. rely upon the government to provide us with the basic necessities of life. rely upon one another for the goods and services we consume. have similar tastes and abilities. are concerned about one another’s well-being. B PTS: 1 DIF: 1 REF: 3-0 Analytic LOC: Gains from trade, specialization and trade...

ECO111 Full Questions and Answers Correct 100% 2023. The marginal benefit John gets from eating a fourth cheeseburger at a picnic is a. the total benefit John gets from eating four cheeseburgers minus the total benefit John gets from eating three cheeseburgers. b. the same as the total benefit of eating four cheeseburgers. c. less than the marginal cost of eating the fourth cheeseburger since he chose to eat the fourth cheeseburger. d. the total benefit John gets from eating five cheesebu...

Consider the following code segment. Which of the following best describes the behavior of the code segment? - ANSWER-The code segment displays the value of 2(5^3) by initializing result to 2 and then multiplying result by 5 a total of three times. In the following procedure, assume that the parameter x is an integer. Which of the following best describes the behavior of the procedure? - ANSWER-It displays true if x is negative and displays nothing otherwise. A company that develops educ...

Disciplined Agile Scrum Master (DASM) (Answered) Complete Solution What does a well-written user story describe? A fixed outcome. The needs of all users. The expectations of the product owner. The customers' perspective. The customers' perspective. Which is not a feature of a user story? Achievable Estimable Testable Negotiable Achievable A company is introducing new features to a large, existing product. Which technique should the product team employ? Continuous integration ...