Explicit costs Study guides, Class notes & Summaries

bioethics correct answer: The study of ethics related to issues that arise in health care. ethics correct answer: sustained and intentional reflection on morality and the moral life with analysis, discontent, reasoning, and arguments moral rules or principles of behavior that should guide members of a profession or organization and make them deal honestly and fairly with each other and with their custom utilitarianism correct answer: 1 fundamental moral good-to maximize outcomes of ...

WGU C718 Full Study Guide Questions & Answers 100% CorrectWGU C718 Full Study Guide Questions & Answers 100% CorrectWGU C718 Full Study Guide Questions & Answers 100% CorrectWGU C718 Full Study Guide Questions & Answers 100% Correct What is the definition of economics? - ANSWER the study of how humans make decisions in the face of scarcity What are economic and accounting profits? - ANSWER Accounting - profit computed using only explicit costs Total revenue - Explicit costs = accounting pr...

{solved 2023/2024} WGU C211 Global Economics Final Exam Questions and Answers 100% Correct ability-to-pay principle the idea that taxes should be levied on a person according to how well that person can shoulder the burden absolute advantage The economic advantage one nation enjoys that is absolutely superior to other nations. absorptive capacity The ability to recognize the value of new information, assimilate it, and apply it. accommodative strategy A strategy characterized...

FEMA Final Exam ICS 100: IS-100.C: Introduction to the Incident Command System_ Answered Winter 2023. Which NIMS Management Characteristic may include gathering, analyzing, and assessing weather service data from technical specialists? A. Incident Facilities and Locations B. Management by Objectives C. Information and Intelligence Management D. Integrated Communications The Incident Commander or Unified Command establishes incident objectives that include: A. Delegating functiona...

SFU ECON 103 SAMPLE MIDTERM 1 QUESTIONS AND ANSWERS COMPLETE 2024 PREP SIMON FRASER UNIVERSITY Sample Midterm 1 Answers Unless told otherwise, assume throughout that demand curves slope downwards and supply curves slope upwards. 1. Which of the following statements about opportunity cost is TRUE? I. Opportunity cost is equal to implicit costs plus explicit costs. II. Opportunity cost only measures direct monetary costs. III. Opportunity cost accounts for alternative uses of resou...

WGU C211 Global Economics Final Exam Questions and Answers 100% Correct ability-to-pay principle the idea that taxes should be levied on a person according to how well that person can shoulder the burden absolute advantage The economic advantage one nation enjoys that is absolutely superior to other nations. absorptive capacity The ability to recognize the value of new information, assimilate it, and apply it. accommodative strategy A strategy characterized by some support from top managers, ...

Peregrine Exam Prep (Latest 2023/ 2024 Update) Questions and Verified Answers| 100% Correct Q: What is the difference between an implicit cost and an explicit cost? Answer: An implicit cost is present but it is not initially shown or reported as a separate cost. An explicit cost is a cost that is present and it is clearly shown or reported as a separate cost. Q: What is the difference between stocks and bonds? Answer: Stocks, or shares of capital stock, represent an owne...

AREC 202 FINAL EXAM QUESTIONS AND ANSWERS 2024 1. The optimal level of any activity (for consumers, firms or governments) is where A) average benefits from this activity equal average costs of this activity. B) total benefits from this activity equal total costs of this activity. C) marginal benefits from this activity equal marginal costs of this activity. D) marginal benefits from this activity are maximized. -Answer- 1. To decide whether to increase an activity by one unit you should co...

WGU C718 Full Study Guide Questions Rated A+ What is the definition of economics? the study of how humans make decisions in the face of scarcity What are economic and accounting profits? Accounting - profit computed using only explicit costs Total revenue - Explicit costs = accounting profit Economic - profit computed using explicit and implicit costs Total revenue - Explicit costs - Implicit costs = Economic profit What are the characteristics of an oligopoly? 1) few firms 2) barriers to ent...

MED 247 Exam 1 Questions and Answers 100% Pass What term is used to describe a concise summary of the action in a film? Treatment What is another name for the clapperboard used in filmmaking? Slate What is the term for comic-like strips of individual shots with descriptions written below? Storyboard What is the term for a hero who is compelled to resolve a challenging situation? Goal- Oriented Protagonist What describes films where characters face a series of problems while striving to r...