Econ Cheat Sheet
In a market-oriented economy, the amount of a good that is produced is primarily decided by the interaction of: buyers and sellers.–In countries like _____________ the command economy predominates.Cuba and North Korea–Which of the following best denotes the reason for the existence of substantial black markets?a command economy–If macroeconomics looks at the economy as a whole, it focuses on which of the following?unemployed people–In the circuar flow model diagram,Businesses buy resources from
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Channels of distribution
the organized network of businesses and individuals through middlemen from which the product goes from manufacturer to the final user
Change in time- Conusmer tastes and preferences change rapidly, new selling and transportaiton methods
Members of the channel: Manufacturer;Middlemen;Customer
Functions of Middlemen: contact potential customers, cut transportation costs, stimulate demand, maintain inventory, relay market information
Who needs middlemen? consumers(right products
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Be recognized: A child is recognised as a person under the age of 18, unless national laws recognise an earlier age of majority. ARTICLE 2 Non-discrimination: All rights apply to all children without exception. It is the State’s obligation to protect children from any form of discrimination and to take positive action to promote their rights. ARTICLE 3 Adequate care : A child is recognised as a person under the age of 18, unless national laws recognise an earlier age of majority. ARTICLE 4 Implementation
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Foreign Portfolio investment: investment in businesses located outside Canada through stocks, bonds & financial instruments. It allows Canadians to spread out their investments which is less risky than investing in just one area. It also provides greater choice and Opportunity.
Importing: To bring prods/services into a country, for use by another business or for resale. The majority comes from the US
Global sourcing: The process of a company buying equipment, capital goods, raw materials, or services
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Plato:Was a disciple of Socrates whose cornerstone of thought was his theory of Forms, in which there was another world of perfection. Uses thought to advance the Socratic dialogue.Dualistic Vision
Aristotle:Greek philosopher. A student of Plato, the tutor of Alexander the Great, and the author of works on logic, metaphysics, ethics, natural sciences, politics, and poetics, theory follows empirical observation and logic, based on the syllogism, is the essential method of rational inquiry.Pluralistic
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2) Discuss the concept of incentives (positive or negative) in the area of Public Policy
Public Policy involves encouraging some kinds of activities such as work, education, savings and etc. At the same time it tries to discourage other types of activities, such as crime, substance abuse, pollution and etc. With that being said, there are positive and negative incentives in the Public Policy. The book says that one of the most powerful tools for changing behavior is changing the incentives. Positive
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Programming Support of Google App Engine: This section introduced the Google App Engine infrastructure. In this section, we describe the programming model supported by GAE. The access links to the GAE platform are provided. a) Programming the Google App Engine: Several web resources and specific books and articles discuss how to program GAE. summarizes some key features of GAE programming model for two supported languages: Java and Python. A client environment that includes an Eclipse plug- in for Read MoreLiterature
A Modest Proposaljimmy
2. Net worth of a company is calculated as: NET worth Total assets- total liabilities
3.How would you interpret a current ratio of 1.2? :
The best current ratio is between 1.2 to 2. So the company has enough liquid assets to cover its short-term liabilities.
4.A ratio which measures the ability to pay long-term obligation is: Debt to Assets Ratio(DR)
5. Data extracted form only the income statement can be used to : claculate a firm’s net profits
6. The information below is excerpted from the financial
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MY ROAD TRIP I still remember how excited I would get when my parents told me we were going to Disneyland. One time in particular, when I was about six years old, my parents told me we were leaving for Disneyland the next day. I was really excited to go and ride the rides.///The next day we started packing our bags for the trip. We all scrambled to get everything we needed for the plane ride and for the trip. We arrived at the airport then went through security and got on the plane. When we arrived
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