x x x x x x x
roach 7th Edition by Zelman
x x x x
1
,ESSAY
1. Inxyourxownxwords,xdescribexwhatxyoux“bringxtoxthextable”xasxaxpotentialxemployeexofxaxcompanyxthatx
youxdesirextoxworkxfor.
ANS:
Answerxnotxprovided.
PTS:x x 1 REF:x x p.x5-7 OBJ:x x 1-1 NAT:x AACSB:xCommunication
TOP:x YourxFuturexinxthexChangingxWorldxofxBusiness
2. Howxcanxonlinexnetworkingximprovexyourxchancesxofxsuccessxinxthexbusinessxworld?
ANS:
Answerxnotxprovided.
PTS:x 1 REF:x p.x6 OBJ:x 1-1
NAT:x AACSB:xCommunicationxTOP:x YourxFuturexinxthexChangingxWorldxo
fxBusiness
3. Anxentrepreneurxcombinesxfourxkindsxofxresourcesxintoxaxbusiness.xWhatxwouldxbexthexeffectxonxthex
businessxifxanyxonexwerexleftxout?
ANS:
Answerxnotxprovided.
PTS:x 1 REF:x p.x10 OBJ:x 1-2
NAT:x AACSB:xCommunicationxTOP:x Business:xAxDefinition
4. Whatxisxprofit,xandxwhyxisxitximportantxtoxaxbusiness?
ANS:
Answerxnotxprovided.
PTS:x x 1 REF:x x p.x11 OBJ:x x 1-2
NAT:x AACSB:xReflectivexThinking TOP:x Business:xAxDefinition
5. Whatxthreexactivitiesxmustxaxbusinessxperformxinxorderxtoxbexsuccessful?xBrieflyxdescribexeachxofxthesex
andxwhyxeachxisxessentialxtoxbusinessxsuccess.
ANS:
Answerxnotxprovided.
PTS:x x 1 REF:x x p.x9 OBJ:x x 1-2 NAT:x AACSB:xAnalytic
TOP:x Business:xAxDefinition
6. Explainxhowxthexnotionxofxscarcityxisxrelatedxtoxpersonalxasxwellxasxbusinessxdecisionxmaking.
2
, ANS:
Answerxnotxprovided.
PTS:x x 1 REF:x x p.x12 OBJ:x x 1-3
NAT:x AACSB:xReflectivexThinking TOP:x TypesxofxEconomicxSystems
7. Explainxhowxthexbasicxeconomicxquestionsxarexansweredxinxcapitalisticxandxcommandxeconomies.
ANS:
Answerxnotxprovided.
PTS:x x 1 REF:x x p.x13-17 OBJ:x x 1-3
NAT:x AACSB:xReflectivexThinking TOP:x TypesxofxEconomicxSystems
8. WhyxdoxwexsayxthatxthexU.S.xeconomyxisxaxmixedxeconomy?
ANS:
Answerxnotxprovided.
PTS:x x 1 REF:x x p.x15 OBJ:x x 1-3
NAT:x AACSB:xReflectivexThinking TOP:x TypesxofxEconomicxSystems
9. Howxdoesxsocialismxdifferxfromxcommunism?
ANS:
Answerxnotxprovided.
PTS:x x 1 REF:x x p.x16-17 OBJ:x x 1-3
NAT:x AACSB:xReflectivexThinking TOP:x TypesxofxEconomicxSystems
10. Whyxisxproductivityximportant?xHowxcanxaxnation'sxproductivityxratexbeximproved?
ANS:
Answerxnotxprovided.
PTS:x x 1 REF:x x p.x17 OBJ:x x 1-4
NAT:x AACSB:xReflectivexThinking TOP:x MeasuringxEconomicxPerformance
11. Whatxisxrealxgrossxdomesticxproduct,xandxhowxdoesxitxdifferxfromxgrossxdomesticxproduct?
ANS:
Answerxnotxprovided.
PTS:x 1 REF:x p.x18 OBJ:x 1-4
NAT:x AACSB:xCommunicationxTOP:x MeasuringxEconomicxPerformance
12. Axnation'sxeconomyxfluctuatesxinsteadxofxgrowingxatxaxsteadyxpacexeveryxyear.xThesexfluctuationsxarex
generallyxreferredxtoxasxthexbusinessxcycle.xDescribexthexfourxdifferentxphasesxofxthexbusinessxcycle.
ANS:
3
, Answerxnotxprovided.
PTS:x x 1 REF:x x p.x20-21 OBJ:x x 1-4
NAT:x AACSB:xReflectivexThinking TOP:x MeasuringxEconomicxPerformance
13. Whatxisxthexdifferencexbetweenxmonetaryxpoliciesxandxfiscalxpolicies?xHowxdoesxeachxaffectxthex
nation'sxeconomy?
ANS:
Answerxnotxprovided.
PTS:x x 1 REF:x x p.x21 OBJ:x x 1-4 NAT:x AACSB:xAnalytic
TOP:x MeasuringxEconomicxPerformance
14. Inxperfectxcompetition,xwhoxsetsxthexpricexofxaxproduct?
ANS:
Answerxnotxprovided.
PTS:x x 1 REF:x x p.x22 OBJ:x x 1-5 NAT:x AACSB:xAnalytic
TOP:x TypesxofxCompetition
15. Describexhowxsupplyxandxdemandxaffectxthexpricexofxaxproduct.
ANS:
Answerxnotxprovided.
PTS:x x 1 REF:x x p.x22 OBJ:x x 1-5 NAT:x AACSB:xAnalytic
TOP:x TypesxofxCompetition
16. Inxaxmonopolisticxcompetitionxsetting,xhowxcanxaxmanufacturerxdifferentiatexaxproduct?
ANS:
Answerxnotxprovided.
PTS:x x 1 REF:x x p.x23 OBJ:x x 1-5 NAT:x AACSB:xAnalytic
TOP:x TypesxofxCompetition
17. Howxdoesxaxmonopolyxhavexcompletexcontrolxoverxthexpricexofxitsxproduct?
ANS:
Answerxnotxprovided.
PTS:x x 1 REF:x x p.x24 OBJ:x x 1-5 NAT:x AACSB:xCommunication
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