What are the economic tools of managerial decision making
🔄 Click to see definition
Definition1/19
what are the economic tool which help manager in decision
making
🔄 Click to see term
Term1/19
Which of the following is perhaps the most frequent cause of difficulty or failure when studying economics
🔄 Click to see definition
Definition1/19
Failure to understand the basic definitions is perhaps the most
frequent cause of difficulty or failure when studying
economics.
🔄 Click to see term
Term1/19
What would be the opportunity cost of a new 500 federal stimulus plan
🔄 Click to see definition
Definition1/19
the opportunity cost would that it will put the government in
big defected in order to provide temporarat relief to business and
institutions and envirment so on.
🔄 Click to see term
Term1/19
What is lost by choosing one option instead of another
🔄 Click to see definition
Definition1/19
Oppertunity cost.
🔄 Click to see term
Term1/19
What important decision did Abraham Lincoln make for the gettygurg adressed
🔄 Click to see definition
Definition1/19
Abraham. Lincoln was the most famous person and his best
decision was to make the speech is to encourage people
🔄 Click to see term
Term1/19
When HR choose benefits for new employees is it a hiring cost or a labor cost
🔄 Click to see definition
Definition1/19
My answer would be that HR has a budget for hiring etc,
therefore it would be considered a hiring cost from its budget.
The labor cost would be what it cost to produce a product and
the wages paid out etc.
🔄 Click to see term
Term1/19
What is the meaning of opportunity lost
🔄 Click to see definition
Definition1/19
In the economical term opportunity cost means the best next
alternative forgone
🔄 Click to see term
Term1/19
What happens as a result of a change in the general temperament and character of the narrator in The Black Cat
🔄 Click to see definition
Definition1/19
He begins abusing his wife and pet cat
🔄 Click to see term
Term1/19
What statement best describes what happened to the groups on separate reservations
🔄 Click to see definition
Definition1/19
They became culturally different from one another.
🔄 Click to see term
Term1/19
What superstitious belief does the narrator's wife hold about cats
🔄 Click to see definition
Definition1/19
that they are witches in disguise.
🔄 Click to see term
Term1/19
societies make decisions about how to produce certain goods by
🔄 Click to see definition
Definition1/19
considering whether companies or the government should make the goods.
🔄 Click to see term
Term1/19
what role do entrepreneurs play in the economic decisions a society makes
🔄 Click to see definition
Definition1/19
They organize resources to try to meet a society's wants and needs.
🔄 Click to see term
Term1/19
What is a major similarity between economic wants and economic needs
🔄 Click to see definition
Definition1/19
People try to fulfill both with limited resources.
🔄 Click to see term
Term1/19
which statement best describes the economic concept of scarcity
🔄 Click to see definition
Definition1/19
People have unlimited wants and limited resources to fulfill them.
🔄 Click to see term
Term1/19
which person is an example of an entrepreneur
🔄 Click to see definition
Definition1/19
A designer who starts a new fashion company
🔄 Click to see term
Term1/19
Which situation would reduce the scarcity of a product
🔄 Click to see definition
Definition1/19
A foreign country begins exporting the product in high volume.
🔄 Click to see term
Term1/19
which option is an example of capital as a factor of production
🔄 Click to see definition
Definition1/19
An industrial assembly line
🔄 Click to see term
Term1/19
Which description is the best example of human capital
🔄 Click to see definition
Definition1/19
A doctor with expertise in medicine
🔄 Click to see term
Term1/19
Which situation best describes an opportunity cost
🔄 Click to see definition
Definition1/19
A person who buys a new laptop doesn't have money to buy new
headphones.
🔄 Click to see term
🥳
Great job!
You studied all the cards in this guide.
Rate this guide:
☆★☆★☆★☆★☆★
Start overPrint
Full screen
Rate this Study Guide:
☆★☆★☆★☆★☆★
Cards in this guide (19)
What are the economic tools of managerial decision making
what are the economic tool which help manager in decision
making
Which of the following is perhaps the most frequent cause of difficulty or failure when studying economics
Failure to understand the basic definitions is perhaps the most
frequent cause of difficulty or failure when studying
economics.
What would be the opportunity cost of a new 500 federal stimulus plan
the opportunity cost would that it will put the government in
big defected in order to provide temporarat relief to business and
institutions and envirment so on.
What is lost by choosing one option instead of another
Oppertunity cost.
What important decision did Abraham Lincoln make for the gettygurg adressed
Abraham. Lincoln was the most famous person and his best
decision was to make the speech is to encourage people
When HR choose benefits for new employees is it a hiring cost or a labor cost
My answer would be that HR has a budget for hiring etc,
therefore it would be considered a hiring cost from its budget.
The labor cost would be what it cost to produce a product and
the wages paid out etc.
What is the meaning of opportunity lost
In the economical term opportunity cost means the best next
alternative forgone
What happens as a result of a change in the general temperament and character of the narrator in The Black Cat
He begins abusing his wife and pet cat
What statement best describes what happened to the groups on separate reservations
They became culturally different from one another.
What superstitious belief does the narrator's wife hold about cats
that they are witches in disguise.
societies make decisions about how to produce certain goods by
considering whether companies or the government should make the goods.
what role do entrepreneurs play in the economic decisions a society makes
They organize resources to try to meet a society's wants and needs.
What is a major similarity between economic wants and economic needs
People try to fulfill both with limited resources.
which statement best describes the economic concept of scarcity
People have unlimited wants and limited resources to fulfill them.
which person is an example of an entrepreneur
A designer who starts a new fashion company
Which situation would reduce the scarcity of a product
A foreign country begins exporting the product in high volume.
which option is an example of capital as a factor of production
An industrial assembly line
Which description is the best example of human capital
A doctor with expertise in medicine
Which situation best describes an opportunity cost
A person who buys a new laptop doesn't have money to buy new