Chap006
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Chap006

Course Number: MARKETING 414, Spring 2013

College/University: E. Washington

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Chapter 06 - The Challenges of Globalization Chapter 06 The Challenges of Globalization True / False Questions 1. Globalization directly and indirectly influences the politics, environment, geopolitics, and economics of virtually every country in the world. True False 2. Although many firms conduct business across national boundaries, most global commerce is carried out by a small number of powerful firms. True...

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06 Chapter - The Challenges of Globalization Chapter 06 The Challenges of Globalization True / False Questions 1. Globalization directly and indirectly influences the politics, environment, geopolitics, and economics of virtually every country in the world. True False 2. Although many firms conduct business across national boundaries, most global commerce is carried out by a small number of powerful firms. True False 3. Global commerce has taken place for hundreds of years, dating back to the 15th century. True False 4. The World Bank makes currency exchange easier for member countries so that they can participate in global trade. True False 5. The World Trade Organization is based in the United States. True False 6. The World Trade Organization conducts negotiations, called "cycles," on various topics, rotating its meetings among different cities. True False 7. Under the World Trade Organization's most favored nation rule, member countries may not discriminate against foreign products for any reason. True False 6-1 Chapter 06 - The Challenges of Globalization 8. Globalization is accepted worldwide and creates little controversy. True False 9. Productivity rises more quickly when countries produce goods and services for which they have a natural talent. True False 10. Only manufacturing jobs are being lost through globalization. True False 11. Critics of globalization support the spread of American ideals and culture throughout the rest of the world. True False 12. Most nations in the world share similar political, social and economic beliefs. True False 13. At the beginning of the 20th century, no country in the world had universal suffrage. True False 14. Even as the world has become freer politically and economically, inequality has grown. True False 15. The term sector refers to broad divisions of a whole. True False 6-2 Chapter 06 - The Challenges of Globalization Multiple Choice Questions 16. Global market channels involve a firm producing goods in: A. Their home country and exporting them to other countries. B. Their home country to sell at home. C. A foreign country to sell at home. D. A foreign country to sell abroad. 17. A firm that has global operations has: A. All of their manufacturing and service operations abroad. B. Some or all of their manufacturing or service operations abroad. C. Manufacturing but not service operations abroad. D. Service but not manufacturing operations abroad. 18. A firm that would like to develop a global supply chain would: A. Manufacture components or supplies in other countries. B. Sell raw materials, components or supplies produced at home abroad. C. Purchase raw materials, components, or supplies from sellers in other countries. D. Check products that were manufactured abroad for defects in their home country. 19. The three strategies of globalization can be summarized using what three words? A. Channels, operations, and chains. B. Export, locate, and purchase. C. Sell, make, and buy. D. Ethics, import, and sell. 20. According to the United Nations, how many transnational corporations operate in the global economy? A. 49,000. B. 79,000. C. 290,000. D. 900,000. 6-3 Chapter 06 - The Challenges of Globalization 21. In 2006, the leading nonfinancial transnational corporation, with foreign assets totaling $443 million was: A. General Electric. B. Vodafone. C. General Motors. D. BP. 22. The acceleration of globalization has been driven by: A. Technological innovation. B. Transportation systems. C. Social and political reforms. D. All of the above. 23. Technological innovation has aided the spread of globalization by: A. Building advanced technologies that can be sold in the global marketplace. B. Building advanced technologies that can be bought in the global marketplace. C. Leveling the playing field and allowing all to participate on an equal footing in global commerce. D. All of the above. 24. Which transportation system improvement has aided the acceleration of globalization? A. Airfreight. B. High-speed rail. C. New oceangoing vessels. D. All of the above. 25. Which is an example of a social and political reform that has led to the acceleration of globalization? A. Economic sanctions against North Korea. B. Efforts to deter drug trafficking from Columbia. C. The collapse of former communist states of central and eastern Europe. D. The European Union's penalties against Microsoft for unfair competition. 6-4 Chapter 06 - The Challenges of Globalization 26. An example of an international financial and trade institution is: A. World Bank. B. International Monetary Fund. C. World Trade Organization. D. All of the above. 27. Representation on the World Bank's board of directors is based on: A. The size of the member nation's population. B. The size of the member nation's economy. C. The size of the member nation's land mass. D. Equal representation of all member nations. 28. The loan policies of the World Bank: A. Are generous to developing countries seeking to expand their educational systems. B. Impose strict restrictions on debtor countries which can sometimes lead to hardship. C. Are generally only available to rich nations. D. Are open to any company conducting business abroad. 29. The primary purpose of the International Monetary Fund is to: A. Lend foreign currency to member countries. B. Exchange one currency for another. C. Consolidate the debt facing third world nations. D. Collect the interest on loans made by the World Bank to third-world nations. 30. The purpose of the World Trade Organization is to: A. Impose barriers to free trade among nations. B. Eliminate barriers to free trade among nations. C. Develop trading partnerships between rich and poor nations. D. Decrease globalization and free trade. 6-5 Chapter 06 - The Challenges of Globalization 31. Under the World Trade Organization's most-favored nation rule: A. All import restrictions imposed by other nations on their goods are illegal unless a cultural waiver is issued. B. All import restrictions are illegal unless proven scientifically. C. Most-favored nations can impose heavy tariffs on other nations. D. Most-favored nations can oppose the dumping of goods by any nation in their home market. 32. The theory of comparative advantage states that: A. Productivity rises more quickly when countries produce goods and services for which they have a natural talent. B. Countries that produce guns have an advantage over countries that produce butter. C. All countries start out on an equal playing field. D. Countries that operate under a policy of isolationism have a comparative advantage. 33. An individual who is a supporter of globalization would argue that it helps the developing world by: A. Giving entrepreneurs access to foreign investment funds to support economic development. B. Allowing new ideas and technological innovations to spread quickly. C. Providing people in developing countries with more jobs. D. All of the above. 34. Which U.S. company is the best example of using globalization to reduce the price of its products? A. K-Mart. B. Toys R Us. C. Walmart. D. Macy's. 6-6 Chapter 06 - The Challenges of Globalization 35. A critic of globalization might argue that companies decide to manufacture in China mainly because of China's: A. Strict law enforcement. B. High environmental standards. C. Weak health and safety regulations. D. Strong worker unions. 36. Unocal Corporation's controversial gas pipeline was built in which country that was notorious for human rights abuses? A. Algeria. B. Burma. C. China. D. Kazakhstan. 37. According to the United Nations, a feature of democracy is: A. Fair elections. B. An independent media. C. A government with power balanced among executive, legislative, and judicial branches. D. All of the above. 38. Single-party rule by communist parties still remains in: A. Lithuania. B. Vietnam. C. Thailand. D. All of the above. 39. The most important agreement which codifies human rights is the: A. The American Civil Liberties Act. B. The Versailles Treaty. C. The Universal Declaration of Human Rights. D. The U.S. Declaration of Independence. 6-7 Chapter 06 - The Challenges of Globalization 40. A society where economic power is concentrated in the hands of government officials and political authorities is called: A. A central state control system. B. A social democracy. C. A political control system. D. A military dictatorship. 41. The Heritage Foundation scored which nation of the world among the most repressed in 2009? A. Hong Kong. B. Australia. C. Zimbabwe. D. Singapore. 42. The richest 1 percent of the people in the world receive as much income annually as: A. The wealthiest 5 percent. B. 100 percent of the middle class. C. The poorest 99 percent. D. The poorest 57 percent. 43. Experts attribute the growth of nongovernmental organizations to: A. The creation of global stock exchanges and enhanced currency transactions. B. The globalization of marketing and converging consumer preferences. C. Greater openness in many societies. D. All of the above. 44. Government has distinctive resources and competencies including: A. Knowledge of public policy. B. Ability to enforce the rules. C. Revenue from taxation. D. All of the above. 6-8 Chapter 06 - The Challenges of Globalization 45. Collaborative partnerships: A. Combine the strengths of business, government and NGOs. B. Allow the private sector to improve global conditions without the inefficiency of government. C. Are amateurish and lack financial resources. D. Are focused on short-term goals. Short Answer Questions 46. What is a transnational company? How do these companies operate in the global marketplace? 47. Describe the roles of the World Bank, International Monetary Fund, and World Trade Organization in the acceleration of globalization. 48. Discuss the benefits and costs of globalization. Provide examples of how globalization has helped or harmed individual nations and the world economy. 6-9 Chapter 06 - The Challenges of Globalization 49. Compare and contrast the world's political and economic systems and their effects on globalization. 50. How can collaborative partnerships help global problem solving? 51. Outline and discuss the major attributes of the three major sectors. 6-10 Chapter 06 - The Challenges of Globalization Chapter 06 The Challenges of Globalization Answer Key True / False Questions 1. (p. 125) Globalization directly and indirectly influences the politics, environment, geopolitics, and economics of virtually every country in the world. TRUE 2. (p. 126) Although many firms conduct business across national boundaries, most global commerce is carried out by a small number of powerful firms. TRUE 3. (p. 127) Global commerce has taken place for hundreds of years, dating back to the 15th century. TRUE 4. (p. 128) The World Bank currency makes exchange easier for member countries so that they can participate in global trade. FALSE 5. (p. 129) The World Trade Organization is based in the United States. FALSE 6. (p. 130) The World Trade Organization conducts negotiations, called "cycles," on various topics, rotating its meetings among different cities. FALSE 6-11 Chapter 06 - The Challenges of Globalization 7. (p. 130) Under the World Trade Organization's most favored nation rule, member countries may not discriminate against foreign products for any reason. TRUE 8. (p. 131) Globalization is accepted worldwide and creates little controversy. FALSE 9. (p. 131) Productivity rises more quickly when countries produce goods and services for which they have a natural talent. TRUE 10. (p. 133) Only manufacturing jobs are being lost through globalization. FALSE 11. (p. 134) Critics of globalization support the spread of American ideals and culture throughout the rest of the world. FALSE 12. (p. 135) Most nations in the world share similar political, social and economic beliefs. FALSE 13. (p. 135) At the beginning of the 20th century, no country in the world had universal suffrage. TRUE 14. (p. 138) Even as the world has become freer politically and economically, inequality has grown. TRUE 6-12 Chapter 06 - The Challenges of Globalization 15. (p. 139) The term sector refers to broad divisions of a whole. TRUE Multiple Choice Questions 16. (p. 126) Global market channels involve a firm producing goods in: A. Their home country and exporting them to other countries. B. Their home country to sell at home. C. A foreign country to sell at home. D. A foreign country to sell abroad. Difficulty: Medium 17. (p. 126) A firm that has global operations has: A. All of their manufacturing and service operations abroad. B. Some or all of their manufacturing or service operations abroad. C. Manufacturing but not service operations abroad. D. Service but not manufacturing operations abroad. Difficulty: Medium 18. (p. 126) A firm that would like to develop a global supply chain would: A. Manufacture components or supplies in other countries. B. Sell raw materials, components or supplies produced at home abroad. C. Purchase raw materials, components, or supplies from sellers in other countries. D. Check products that were manufactured abroad for defects in their home country. Difficulty: Medium 6-13 Chapter 06 - The Challenges of Globalization 19. (p. 126) The three strategies of globalization can be summarized using what three words? A. Channels, operations, and chains. B. Export, locate, and purchase. C. Sell, make, and buy. D. Ethics, import, and sell. Difficulty: Easy 20. (p. 126) According to the United Nations, how many transnational corporations operate in the global economy? A. 49,000. B. 79,000. C. 290,000. D. 900,000. Difficulty: Hard 21. (p. 127) In 2006, the leading nonfinancial transnational corporation, with foreign assets totaling $443 million was: A. General Electric. B. Vodafone. C. General Motors. D. BP. Difficulty: Hard 22. (p. 127) The acceleration of globalization has been driven by: A. Technological innovation. B. Transportation systems. C. Social and political reforms. D. All of the above. Difficulty: Easy 6-14 Chapter 06 - The Challenges of Globalization 23. (p. 127) Technological innovation has aided the spread of globalization by: A. Building advanced technologies that can be sold in the global marketplace. B. Building advanced technologies that can be bought in the global marketplace. C. Leveling the playing field and allowing all to participate on an equal footing in global commerce. D. All of the above. Difficulty: Medium 24. (p. 127) Which transportation system improvement has aided the acceleration of globalization? A. Airfreight. B. High-speed rail. C. New oceangoing vessels. D. All of the above. Difficulty: Easy 25. (p. 127) Which is an example of a social and political reform that has led to the acceleration of globalization? A. Economic sanctions against North Korea. B. Efforts to deter drug trafficking from Columbia. C. The collapse of former communist states of central and eastern Europe. D. The European Union's penalties against Microsoft for unfair competition. Difficulty: Hard 26. (p. 128) An example of an international financial and trade institution is: A. World Bank. B. International Monetary Fund. C. World Trade Organization. D. All of the above. Difficulty: Easy 6-15 Chapter 06 - The Challenges of Globalization 27. (p. 128) Representation on the World Bank's board of directors is based on: A. The size of the member nation's population. B. The size of the member nation's economy. C. The size of the member nation's land mass. D. Equal representation of all member nations. Difficulty: Medium 28. (p. 128) The loan policies of the World Bank: A. Are generous to developing countries seeking to expand their educational systems. B. Impose strict restrictions on debtor countries which can sometimes lead to hardship. C. Are generally only available to rich nations. D. Are open to any company conducting business abroad. Difficulty: Medium 29. (p. 128) The primary purpose of the International Monetary Fund is to: A. Lend foreign currency to member countries. B. Exchange one currency for another. C. Consolidate the debt facing third world nations. D. Collect the interest on loans made by the World Bank to third-world nations. Difficulty: Medium 30. (p. 129) The purpose of the World Trade Organization is to: A. Impose barriers to free trade among nations. B. Eliminate barriers to free trade among nations. C. Develop trading partnerships between rich and poor nations. D. Decrease globalization and free trade. Difficulty: Medium 6-16 Chapter 06 - The Challenges of Globalization 31. (p. 130) Under the World Trade Organization's most-favored nation rule: A. All import restrictions imposed by other nations on their goods are illegal unless a cultural waiver is issued. B. All import restrictions are illegal unless proven scientifically. C. Most-favored nations can impose heavy tariffs on other nations. D. Most-favored nations can oppose the dumping of goods by any nation in their home market. Difficulty: Hard 32. (p. 131) The theory of comparative advantage states that: A. Productivity rises more quickly when countries produce goods and services for which they have a natural talent. B. Countries that produce guns have an advantage over countries that produce butter. C. All countries start out on an equal playing field. D. Countries that operate under a policy of isolationism have a comparative advantage. Difficulty: Hard 33. (p. 131 - 132) An individual who is a supporter of globalization would argue that it helps the developing world by: A. Giving entrepreneurs access to foreign investment funds to support economic development. B. Allowing new ideas and technological innovations to spread quickly. C. Providing people in developing countries with more jobs. D. All of the above. Difficulty: Easy 6-17 Chapter 06 - The Challenges of Globalization 34. (p. 132) Which U.S. company is the best example of using globalization to reduce the price of its products? A. K-Mart. B. Toys R Us. C. Walmart. D. Macy's. Difficulty: Easy 35. (p. 133) A critic of globalization might argue that companies decide to manufacture in China mainly because of China's: A. Strict law enforcement. B. High environmental standards. C. Weak health and safety regulations. D. Strong worker unions. Difficulty: Easy 36. (p. 134) Unocal Corporation's controversial gas pipeline was built in which country that was notorious for human rights abuses? A. Algeria. B. Burma. C. China. D. Kazakhstan. Difficulty: Medium 37. (p. 135) According to the United Nations, a feature of democracy is: A. Fair elections. B. An independent media. C. A government with power balanced among executive, legislative, and judicial branches. D. All of the above. Difficulty: Easy 6-18 Chapter 06 - The Challenges of Globalization 38. (p. 135) Single-party rule by communist parties still remains in: A. Lithuania. B. Vietnam. C. Thailand. D. All of the above. Difficulty: Medium 39. (p. 136) The most important agreement which codifies human rights is the: A. The American Civil Liberties Act. B. The Versailles Treaty. C. The Universal Declaration of Human Rights. D. The U.S. Declaration of Independence. Difficulty: Hard 40. (p. 137) A society where economic power is concentrated in the hands of government officials and political authorities is called: A. A central state control system. B. A social democracy. C. A political control system. D. A military dictatorship. Difficulty: Medium 41. (p. 137) The Heritage Foundation scored which nation of the world among the most repressed in 2009? A. Hong Kong. B. Australia. C. Zimbabwe. D. Singapore. Difficulty: Hard 6-19 Chapter 06 - The Challenges of Globalization 42. (p. 139) The richest 1 percent of the people in the world receive as much income annually as: A. The wealthiest 5 percent. B. 100 percent of the middle class. C. The poorest 99 percent. D. The poorest 57 percent. Difficulty: Medium 43. (p. 140) Experts attribute the growth of nongovernmental organizations to: A. The creation of global stock exchanges and enhanced currency transactions. B. The globalization of marketing and converging consumer preferences. C. Greater openness in many societies. D. All of the above. Difficulty: Hard 44. (p. 140) Government has distinctive resources and competencies including: A. Knowledge of public policy. B. Ability to enforce the rules. C. Revenue from taxation. D. All of the above. Difficulty: Easy 45. (p. 141) Collaborative partnerships: A. Combine the strengths of business, government and NGOs. B. Allow the private sector to improve global conditions without the inefficiency of government. C. Are amateurish and lack financial resources. D. Are focused on short-term goals. Difficulty: Hard 6-20 Chapter 06 - The Challenges of Globalization Short Answer Questions 46. (p. 126 - 128) What is a transnational company? How do these companies operate in the global marketplace? Answer will vary 47. (p. 128 - 131) Describe the roles of the World Bank, International Monetary Fund, and World Trade Organization in the acceleration of globalization. Answer will vary 48. (p. 131 - 135) Discuss the benefits and costs of globalization. Provide examples of how globalization has helped or harmed individual nations and the world economy. Answer will vary 49. (p. 136 - 139) Compare and contrast the world's political and economic systems and their effects on globalization. Answer will vary 50. (p. 139 - 141) How can collaborative partnerships help global problem solving? Answer will vary 51. (p. 140) Outline and discuss the major attributes of the three major sectors. Answer will vary 6-21

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blackeyedpeasday18:59whatiscommunication?Communication:theprocessofcreatingmeaningthroughsymbolicinteraction;shared, symbolic,process,humanCommunicationSharedSymbolicProcessHumanProcessTransactionalmodelofcommunicationSenderandreceiverIdea/co
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EXAM II REVIEWThis Guide is just a general guide. You are responsible for all of the material in theLectures for the second half of the semester, the Text Quizzes for the second half,and the Films from the second half.Wrightsman: Chapters 2, 4, 9, 11,
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Exam I Review SheetThe review is meant to help you focus on parts of the lectures, however do not just studythe review sheets, remember to study the quizzes, book, and slides as well!Wrightsman: Chapters 1, 3, 5, 6, 7, 8, 10, 13Know all your quizzes o
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CHEM 1151 General Chemistry for EngineersFall 2012Notes for Lecture #9 (M Sep 24): Structures and Nomenclature for Organic CompoundsObjectives for Todays LectureKey Concept 4-E: Name simple organic compounds from their chemical formulas andwrite chem
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history17:37Forensic:inthelegalformHistoryoftheforensicpsychologyindustry Threekindsofliars Forensicpsychologistshavebeentakingthewitnesschairforsome100to 150years,dependingonthekindofpsychologyyouarelookingatBasicguidelineforallexperttestimonywast
Northeastern - CHEM - 1151
CHEM 1151 General Chemistry for EngineersFall 2012Notes for Lecture #10 (W Sep 26): Intermolecular Forces; Bonding in MetalsObjectives for Todays LectureKey Concept 5-A: Relate different types of intermolecular forces to the structure ofmoleculesKey
Northeastern - CHEM - 1151
Lecture 11 - CHEM 1151 General Chemistry for EngineersFall 2012Notes for Lecture #11 (Th Sep 27): Phase Diagrams; Properties of Liquids & SolidsObjectives for Todays LectureKey Concept 5-C: Interpret the pressure-temperature phase diagram for a typica
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Outline 1: IntroductionI. Defining PersonalityA. psychological triad (combination of how people think, feel, and behave)B. Important points1. Personality is considered relatively consistent2. Emphasis on internal processesII. Goals of personality ps
Northeastern - CHEM - 1151
Lecture 12 - CHEM 1151 General Chemistry for EngineersFall 2012Notes for Lecture #12 (M Oct 1): Structure of Crystalline SolidsObjectives for Todays LectureKey Concept 6-A: Relate composition, atomic radius, unit cell dimensions, and densityfor cryst
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Chapter12aftertest204:25ObjectRelationsTheory:KleinandWinnicottThemostimportantpartoflife,thesourceofitspleasureandpain,isprobably relationshipsInpsychoanalyticterms,emotionallyimportantpeoplearecalled objects,andtheanalysisofinterpersonalrelationsh
Northeastern - CHEM - 1151
Lecture 14 - CHEM 1151 General Chemistry for EngineersFall 2012Notes for Lecture #14 (W Oct 10): Mixtures of Gases and SolutionsObjectives for Todays LectureOver the past few lectures we have considered properties of pure substances. Today we begin to
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Chapter10:BasicsofPsychoanalysis15:13Theaimofthepsychoanalyticapproachistofigureoutwhatgoesonintheunconscious recessesofthehumanmindTheKeyIdeasofPsychoanalysisThefoundationofpsychoanalysisismadeupoffourideasPsychicdeterminismInternalstructurePsych
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Lecture 15 - CHEM 1151 General Chemistry for EngineersFall 2012Notes for Lecture #15 (Th Oct 11): Colligative Properties; Balancing Chemical EquationsObjectives for Todays LectureKey Concept 6-F: Evaluate the colligative properties of dilute solutions
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psychdiscussionnotes15:16DreamslatentcontentunderlyingmessageneedsanalysisManifestcontentASPECTSOFDREAMWORKDistortionthingsarentastheyappearCondensationonepersonsymbolizesabunchofdifferentpeople.Displacementhaveanemotiontowardssomethingandyouhavet
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Lecture 16 - CHEM 1151 General Chemistry for EngineersFall 2012Notes for Lecture #16 (M Oct 15):Stoichiometry, Limiting Reactants, and Yields of ProductsObjectives for Todays LectureKey Concept 7-B: Given the mass of a reactant or product in a chemic
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Chapter1:TheStudyofthePerson23:37oPsychologicaltriad:thecombinationofhowpeoplethink,feel,andbehaveo Inconsistenciesbetweenthoughts,feelings,andbehaviorarecommonenoughto makeussuspectthatthemindisnotasimpleplaceandunderstandingyourselfis notnecessari
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Lecture 17CHEM 1151 General Chemistry for EngineersFall 2012Notes for Lecture #17 (W Oct 17): Precipitation Reactions;Energy Transfer Associated with P-V WorkObjectives for Todays LectureKey Concept 7-E: Predict the outcome of simple precipitation r
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Psych first mid-term outline of notes from class.I. The Selfa. Spotlight effectb. Illusion of transparencyc. Self concept:c.i. I am _.c.i.1.Individual selfc.i.2.Social selfc.i.3.Collective self (culture)c.i.4.Contains possible selves: who you
Northeastern - CHEM - 1151
CHEM 1151 General Chemistry for EngineersFall 2012Notes for Lecture #18 (Th Oct 18): Heat and the First LawObjectives for Todays LectureKey Concept 8-A: Give a physical interpretation to the concept of heat and relate thechange in temperature of a gi