Forms of Business Organization
- Sole Proprietorship does not provide protection for liabilities.
o C corp classic one, state regulated. Have double taxation liability
If it earns money it is taxable through the tax law 35%
Earn money by selling
CHAPTER 2 (Production Possibilities, Opportunity Cost, and Growth)
Four Fundamental Questions
E. Shifting curve
Law of Increasing Opportuni
: Mina SAWEROS
: ECO 101-030
Professor: Fram Khoushab
: Supply and demand
The link is that:
The article talks about the supply and demand stats of world oil.
in the beginning after united states suppor
is an economic principle that describes a consumer's desire and willingness to pay a price for a specific
good or service. Holding all other factors constant, an increase in the price of a good or service will
decrease demand, and vice versa.
Topic 4 Markets in Action
Think about these questions.
Why do some economists argue against rent controlled apartments in NYC (an imposed
price below market price in the apartment market)? What is the right economic term to describe
Topic 2 The Economizing Problem
Try these problems:
1a.) You decide to devote more time to studying for your math exam versus your economics exam. As a
result, you get a D on your economics exam. What is the opportunity cost that you have incurred by
CHAPTER 1- INTRODUCTION TO ECONOMICS
I. Defining Economics
B. Human wants
II. Economizing Problem
B. What is NOT a resource?
III. Micro versus Macroeconomics
IV. Positive versus Normative Economics
V. Ceteris Pa
FIN 404: Investments
Take Home Assignment 1
Which of the following is not a money market instrument?
A. Treasury bill
B. commercial paper
C. preferred stock
D. bankers' acceptance
2. A dollar-denominated deposit at a London bank is called _.
Exam 1 (Chaps. 1, 2, 5, 6, 9, 11, & 12)
1. The fundamental goal of marketers when creating goods, services, or combinations of both is to
serve all consumers.
defeat the competition.
stimulate short-term sales.
operate according to government regulations.
Ch 11: Video Case - Frito Lay
Frito Lay: Integrated Marketing Communications
Branding provides a way for a firm to differentiate its product offerings from those of its
Branding is one way to dif
Delivering Value at Red Mango - Video Case
Founder Dan Kim opened the first Red Mango in Los Angeles in 2007. He quickly
expanded, and there are currently more than 200 locations in 27 states, plus three
locations outside the U.S. Red Mango has successful
Ch 01: Video Case - Red Mango
Delivering Value at Red Mango
Founder Dan Kim opened the first Red Mango in Los Angeles in 2007. He quickly expanded, and
there are currently more than 200 locations in 27 states, plus three locations outside the U.S. Red
Ch 01: Drag and Drop - Marketing Mix
The Marketing Mix: Travel Goods and Services
Two travel-oriented companiesone a producer of goods, the other a service
providerhave different marketing mixes. In this activity, you will categorize a set of
Review Test Submission: Exam #2
55 out of 100 points
5 out of 5 points
Which of the following causes an employer to be subject to a claim of negligent hiring?
80 out of 100 points
0 out of 5 points
Rasheed Olson, a black man with a bachelor's degree in physical education, applies for a job at a gym along
with a white friend who has the same qualifications. Although his friend g
Review Test Submission: Exam #1
100 out of 100 points
5 out of 5 points
Eric testified for the plaintiff in a racial discrimination lawsuit brought by a female employee
against their employer, Sincere Bank. He h
Maslows Hierarchy of Needs
Chapter 16 Monopolistic Competition
The closer your MR curve gets to Demand, the closer you are to monopolistic
Fundamental economic problem = scarcity
o 3 elements of our society that we try to maximize
Consumers maximize satisfaction
Businesses maximize profit
Government maximizes social welfare
10 principles of economics
1. People fa
Chapter 8 Markets and Welfare
Result of a tax on a product
o Price a buyer pays will be more; price a seller receives will be less
o There is a tax wedge between the 2 prices
o Quantity sold will be smaller
Parties to a tax
1. "I like ice cream, but after eating homemade ice cream last night, I want to have something else for dessert today." This statement most clearly reflects a. the budget constraint. b. consumer irrationality. c. the second law of demand: Price elast