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Author unknown introduction to business economics

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Author unknown Introduction to business economics . Pretoria. Van Schaik.
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45 MNH306K/101 An article in a periodical Bredenkamp, F.E. 1995. Profit maximization: can it be justified? South African Economic Journal , 37 (1). Finally, the following steps are reiterated that should be followed when answering a question: Demarcation of the subject Collection and interpretation of information Logical and systematic arrangement and presentation of information Correct technical presentation of the material Note that source references and a bibliography are not required when you are answering examination questions . 4. Key concepts for examinations The following verbs are frequently used in instructions for assignments and the examination. Please study the description to enable you to fully understand what is required. 4.1 Introduction When answering an assignment or examination question or when studying the learning objectives in the study guide you will notice that different types of questions require different types of answers. These different types of answers relate to the various cognitive levels identified by Bloom (1074). Certain verbs are used for this purpose (see below), indicating the corresponding cognitive levels required, thus serving as a guideline for the type of answer that should be given. 4.2 Definition of verbs The verbs that crop up frequently in assignment and examination questions are briefly defined below. Outcome verb Description Analyse Consider the problem or phenomenon in detail by isolating the main issues and focusing on the essential strengths and weaknesses. Determine what the properties of each component are and show the relationship between the parts. Apply Show how something can be used in a particular situation or in practice. Comment on Give your reasoned opinions on something. Give your reactions. Compare/contrast Indicate and weigh up similarities and differences between two or more ideas or concepts. Compile Gather information by collecting the parts and draw up a final version. Define Write a brief paragraph explaining the exact meaning of a concept without any description or examples – unless asked for. Demonstrate Show clearly how something works by describing and explaining it. Describe Give a short introduction and then state the characteristics of the object/item/idea/concept in a logical, structured manner so that a complete picture is formed. Write a short summary in conclusion. Design Represent ideas in the form of a plan or strategy. Develop Put together ideas and concepts in a new or advanced way so that other people can use them. Discuss Explain all aspects, point out strengths and weaknesses, highlight crucial aspects, consider the issue from various angles and (finally) arrive at a reasoned conclusion.
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46 4.3 Guidelines for answering case studies We suggest you follow the steps suggested below when answering questions based on case studies: Step 1 Understand the situation. Step 2 Diagnose problem areas.
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Author unknown Introduction to business economics Pretoria...

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