2. In the Market Approach to consumer protection, if consumers do not place a high value on
safety (or are unwilling to pay for it), then it is wrong to force them to accept higher levels
of safety through regulation.
3. Critics to the ma
15. According to Locke, the power of government should be:
a. Expanded to meet the needs of all citizens.
b. Expanded to meet the needs of corporations.
c. Limited, extending only far enough to protect basic rights of all citizens.
d. Limited, extending o
2. In a perfectly free competitive market, no buyer or seller has the power to significantly
affect the price of a good.
3. Which of the following are characteristics of a perfectly free economy?
a. There are numerous buyers and sellers,
2. Discrimination in employment involves three basic elements: it must be a decision not
based on individual merit, the decision must derive from racial or sexual prejudice, and
the decision must have a harmful impact on the interest of employees.
14. The traditional, "rational" model of the business organization is defined it as a structure of
formal relationships, which are designed to achieve a goal efficiently.
15. A firm's organizational chart, identifying the formal and infor
2. Utilitarianism characterizes the moral approach taken by Ford in the infamous Pinto case
3. Few businesses maintain that the socially responsible course to take is the utilitarian one
with the lowest net costs.
2. According to the dictionary, the term ethics has a variety of different meanings. One of its meanings
is: The principles of conduct governing an individual or a group.
3. Moral standards can be distinguished from non-moral standards us
List the characteristics of the uniform distribution.
Compute probabilities using the uniform distribution
List the characteristics of the normal probability distribution.
Define and calcu
What Is Statistics
Explain why we study statistics.
Explain what is meant by descriptive statistics and inferential statistics.
Distinguish between a quantitative variable and qualitative variable.
Describe how a discreet var
Describing Data: Displaying
and Exploring Data
Develop and interpret a dot plot.
Develop and interpret a stem-and-leaf display.
Compute and understand quartiles.
Construct and interpret box plots.
Draw and interpret a scatter
Calculate the arithmetic mean, weighted mean median, and the mode.
Explain the characteristics, uses, advantages, and disadvantages of each measure of
Identify the position of t
HOMEWORK # 1
Classify the following sets of data as qualitative or quantitative.
1. The religious affiliations of college students
2. The height of each member of a basketball team
Describing Data: Frequency Tables, Frequency
Distributions, and Graphic Presentation
Make a frequency table for a set of data.
Organize data into bar chart
Present a set of data in pie chart.
Create a frequency distribution f
CHAPTER 1 ASSIGNMENT
Part I Classify the following sets of data as qualitative or quantitative.
1. The religious affiliations of college students 2. The height of each member of a basketball team 3. Students scores on the first statistics exam 4. Th
How to Sleep in Class
Sleep is one of the most important factors for student success and often one of the most
neglected. Many students will sacrifice sleep in order to work, play, or get university projects
USING EFFECTIVE PROMOTIONAL TECHNIQUES
Nickels, McHugh & McHugh, Understanding Business, Eighth Edition
Learning Goal 1
Define promotion and list the four traditional tools that make up the
Level of Learning 1 (
DISTRIBUTING PRODUCTS QUICKLY AND EFFICIENTLY
Learning Goal 1
Explain the concept of marketing channels and the value of marketing
Level of Learning 1 (Knows basic terms and facts)
15-1.Those organizations that a