Milton friedman Studienführer, Klassennotizen & Zusammenfassungen

Saylor Academy BUS101 Questions and Answers Graded A Social Benefit The total benefit to society from producing or consuming a good or service. Social benefit includes all the private benefits plus any external benefits of production / consumption. If a good has significant external benefits, then the social benefit will be greater than the private benefit. Contract Theory The belief that business is a community of participants organized around a common purpose. These participants have...

ECON 200 Final Exam Questions And Answers (Updated And Verified) Marginal - answerIf an individual pays an additional $0.30 in taxes as a result of a $1.00 increase in income, that individual has a(n)_____________ tax percent of 30 percent. rise; downward-sloping - answerSuppose that in a certain nation the flat income tax rate of 40 percent is reduced to 35 percent and as a result taxable income rises from $400 billion to $600 billion. Tax revenues _____________, indicating the nation is ...

Development - Development is a sustained increase in the standard of living and well-being of a level of social organization. Many consider it to involve increased income; better access to basic goods and services; improvements in education, healthcare, and public health; well-functioning institutions; decreased inequality; reduced poverty and unemployment; and more sustainable production and consumption patterns. The focus on development debates in contemporary global politics is on issues ...

reason to study business ethics correct answers Ethical concerns are as unavoidable in business as are concerns of marketing, accounting, finance, and human resources. Formal study of business ethics helps address these concerns so that businesses can integrate ethics in their decision-making. are ethics and ethos the same thing correct answers no legitimate challenges to utilitarian ethical theory (theres 4) correct answers There is no consensus among utilitarians on how to measure and d...

What is a normative argument? - It is about what ought to be done according to a someone's value position. Stakeholders interests are... - Joint Who are typically considered primary stakeholders? - Employees, customers, suppliers, communities, and shareholders. Who originally developed stakeholder theory? - Ed Freeman According to stakeholder theory, how can trade-offs be resolved? - By leveraging imagination/creativity. What is an instrumental view on stakeholder theory? - Belie...

Saylor Academy BUS101 Exam Questios with 100% correct Answers Social Benefit - answerThe total benefit to society from producing or consuming a good or service. Social benefit includes all the private benefits plus any external benefits of production / consumption. If a good has significant external benefits, then the social benefit will be greater than the private benefit. Contract Theory - answerThe belief that business is a community of participants organized around a common purpose. T...

Econ 252 Exam 3 Latest Update Graded A Recession episodes of negative economic growth lasting at least two quarters Expansion a period of positive growth. Expansions are periods between recessions. Co-movement Many aggregate macroeconomic variables grow or contract together during booms and busts, exhibiting a pattern of positive or negative co-movement. Variables such as real consumption, real investment, and employment move positively with real GDP: Pro-cyclical. Variables such as unemployme...

What is a normative argument? correct answers It is about what ought to be done according to a someone's value position. Stakeholders interests are... correct answers Joint Who are typically considered primary stakeholders? correct answers Employees, customers, suppliers, communities, and shareholders. Who originally developed stakeholder theory? correct answers Ed Freeman According to stakeholder theory, how can trade-offs be resolved? correct answers By leveraging imagination/crea...

Organization - Answer-A systematic arrangement of people to accomplish some specific purpose Why do we have organizations? - Answer--efficiency; to accomplish specific objectives -serve society -provide careers How do organizations accomplish their objectives? - Answer--Basic framework of management -Decision Making Basic Framework of Management - Answer--Planning -Organizing -Leading -Controlling Management - Answer-The process of achieving goals, effectively and efficiently through, ...

The CEO of a multinational retail corporation has decided to raise the minimum wage for its U.S. employees to three times the current federal minimum wage. The CEO explains that the company needs to provide its employees a living wage, regardless of what the law requires. According to Milton Friedman, did the corporation fulfill its duty? No, because the wage hike will drastically increase the corporation's liabilities and likely harm its stock price. No, because the CEO's salary is ...