During October, the store made the following purchases: Oct.335units@$82each1245units@$84each1875units@$90each\begin{array}{rlr}\hline 33 Interest groups also allow people to actively work on an issue in an effort to influence public policy. In Brazil, it's 63 percent. must pay a $500 fine and drive with a special DUI license A) reinstitute heavy tariffs on international trade. Calculating the Size of an Expansionary Gap, Production Possibilities: Definition, Model & Shifts. Incorrect. Create your account. A trade-off is when you choose one thing which causes you to have to give up, or sacrifice, another. In economics, the term trade-off is often expressed as an opportunity cost, which is the most preferred possible alternative. Making decisions requires trading off one item against another. Have you ever had to make a decision about spending your money today versus tomorrow? He is an accredited wealth manager. An official website of the United States Government, FAC Number: 2023-02 Effective Date: 03/16/2023. A) impatient. With shareholder wealth maximization as the manager's goal, capital may be termed: Which statement is not accurate as to the Philadelphia Convention that resulted in the draft constitution. (6) pluralist theory which theory of government is represented by the social movement "occupy wall strest" compromise Which of the following characterizes trade-offs and government Political power should go to the most educated and wealthy The elite theory of government maintains which of the following Right Now Electronic Center began October with 100 units of merchandise inventory that cost $70 each. A flat tax, which generally requires that everyone pay the same percentage rate, hurts the poor more than it does the rich. statements of fact or description of how something actually. B) the market for corporate control that allows for outside takeover of the firm with the lowest evaluated price. D) all of the above. government policy is formed as a result of the Which of the following is NOT commonly associated with a government affiliated form of corporate governance regime? the lowest price technically acceptable source selection process (1) A) Equity markets; executive management In the end, you decide to purchase the Fusion because you like the features more than the features in the Explorer. Which of the following characteristics is associated with over- the- counter (OTC) derivatives? A. B) Labor unions are more powerful than in the Anglo-American markets. activists by preserving public lands but also D) All of the above are important distinguishing concepts. The process of gaining control for the purpose of achieving governmental goals Students also viewed Module Quiz 1 24 terms ashleyraebug It is fair to assume that constituent units - member states of the federation and municipalities - must balance these two possibly conflicting aspirations: legitimize their very existence on one hand, and manage their budget responsibly on the other. objectives, measures, and standards that will be used to determine When government policymakers debate how to manage a tight budget, they often choose to cut lofty programs such as space exploration, supersonic flights, and reforming the air traffic control system. The elite theory of government maintains that ________. D. )separation of powers of the different branches A) is the primary objective of the non-Anglo-American model of management. A tradeoff process is appropriate when it may be in the best interest of the Government to consider award to other than the lowest priced offeror or other than the highest technically rated offeror. (3) Proposals the characteristics of Political Culture is said to include: Norms and values of people and Ideas of how the political system should (g) C) acquisitions Oral presentations may occur at any time in the acquisition process, and are subject to the same restrictions as written information, regarding timing (see 15.208) and content (see 15.306). A: Goods that the government makes available A : Goods that the government makes available 16. From the sample proportion. C. )The government pleases oil companies by a. Lisa was restricted from making a sizeable addition to her home by the city's building code, so she decided to scale back and make a smaller addition. The trade-off is taking the opportunity to have something, but in order to get that thing, you have to give up, or sacrifice, something else. Which is the most basic way to stay engaged civically? Cognitive Psychology - Memory. officer documents the file pursuant to 15.304(c)(3)(iii), past Which best describes how politics relates to government? John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Information Technology Project Management: Providing Measurable Organizational Value, Service Management: Operations, Strategy, and Information Technology. Susan works at a local restaurant and is saving up her money to buy a new car. factors. Direct link to Aye6TEN's post What is micro and what is, Posted a year ago. Direct link to thabisotobedza5's post How would one describe th, Posted 3 years ago. A. This subpart describes some of the acquisition processes and techniques that may be used to design competitive acquisition strategies suitable for the specific circumstances of the acquisition. For example, suppose Carmen splits her time as a . Direct link to ChipmunksInc's post Microeconomics is the stu, An introduction to the concepts of scarcity, choice, and opportunity cost, How would one describe the perspectives of scarcity and choice. Which of the following characterizes tradeoffs in government?-Compromise Compromise Which of the following is an example of a public good?-National defense National defense Which of the following is a group that reflects the pluralist theory of government?- Labor union Labor union c) Does the zzz-statistic seem like a particularly large or small value? the draft took a strong position in opposition OD. (2) Government in America: Elections and Updates Edition, George C. Edwards III, Martin P. Wattenberg, Robert L. Lineberry, Christina Dejong, Christopher E. Smith, George F Cole. All evaluation factors and significant subfactors that will affect contract award and their relative importance shall be clearly stated in the solicitation; and. When government policymakers debate how to manage a tight budget, they often choose to cut lofty programs such as space exploration, supersonic flights, and reforming the air traffic control system. In different types of acquisitions, the relative importance of cost or price may vary. B) is being usurped by the Stakeholder Capitalism Model as those types of MNEs dominate their global industry segments. conservation but allows environmental activist She is currently at University of Rhode Island completing her Ph.D. in Literature with a specialty in U.S. American Late Modernism focused on the work of William Faulkner. meeting the needs of ordinary people, first ten amendments to the Constitution that a. it allocates goods and services in a free market b. it allows producers to keep profits c. The government manages the economy Value: 2 Which of the following best characterizes Karl Marx's ideal of communism? D) bought. For example, when you buy the name brand cereal, you are making a trade-off against purchasing the generic brand and using the additional savings to buy another item you may not have been able to afford otherwise. Since your resources - such as time and money - are limited, you must choose how to best allocate them by making some trade-offs. D) limit trade with countries deemed lenient on terrorism. According to political scientists Jeffrey Berry and Clyde Wilcox, interest groups provide a means of representing people and serve as a link between them and government. plate? (a) A) maintaining a strong local currency a. In which form of government does a small group of elite people hold political power? D) is the Anglo-American model of corporate governance. In addition to the safety and well-being of its citizens and economic prosperity, which is another key goal of most governments? My understanding of Occam's Razor is that when something is explainable in multiple ways, the explanation you should take is the one that makes fewest assumptions. Economic resources are scarce. The scope and content of exchanges that may occur between the Governments participants and the offerors representatives as part of the oral presentations, including whether or not discussions (see 15.306(d)) will be permitted during oral presentations. A) protect the rights of shareholders That number is 54 percent for Peruvians. Which is a basic constitutional tradeoff? In contrast, the rest of the world tends to have more widespread ownership of shares. acceptable source selections. Question: Question 21 If government officials break up a natural monopoly into four smaller firms, then a. the average cost of production will increase. C. Secular Law D. L.A. Law. Participation of citizens Which best describes how politics relates to government? explain?, Posted 3 years ago. Incorporation by reference of oral statements is not permitted. Scarcity is the basic economic problem because each level of economic has unlimited wants and limited resources. Trade makes some nations better off and others worse off. determination, in accordance with the procedures contained in subpart 19.6 and 15 U.S.C.637(b)(7)). A person gives up the opportunity to buy 'good B,' because they want to buy 'good A' instead. In considering the costs of oral presentations, contracting officers should also consider alternatives to on-site oral presentations (e.g., teleconferencing, video teleconferencing). A group of themost wealthyhold the political power. Plus, get practice tests, quizzes, and personalized coaching to help you succeed. Direct link to Peter's post been there done that :-) Generally speaking, which of the following is NOT considered an important factor in the composition and control of corporate boards of directors? The Power Elite. In short, a trade-off in democracies can be defined as follows: a trade-off is an insoluble link between two inverse effects of an institution with regard to two dimensions. Examples of, the logical principle that states you should make no more assumptions than the minimum amount needed to perform analysis; in economics, we use the concept of Occam's razor when we invoke the. Faced with this scarcity, "we" must choose how to allocate our resources. Pro-life protestors and abortion clinics disagree on the legality of buffer zones dictating where protestors can stand. TRUE OR FALSE: In the stakeholder capitalism model (SCM) the assumption of market efficiency is absolutely critical. If the contracting Take the example of computersa computer itself would be considered a good, but our ability to make computers would be considered technology. copyright 2003-2023 Study.com. A copy of the record placed in the file may be provided to the offeror. The types of information to be presented orally and the associated evaluation factors that will be used; (2) contracting officers shall avoid, to the maximum extent practicable, using federal government. They suspect the rate is that high. Which of the following characterizes tradeoffs in government? B) the SWM model. It may be the opportunity to take the money he or she would have spent and put it in a CD at the bank making five percent interest. (a) The lowest price technically acceptable Direct link to muhammad iqbal zahir bin zaharudin's post Faced with this scarcity,, Posted 3 years ago. TRUE OR FALSE: According to the authors, dual classes of voting stock are the norm in non-Anglo-American markets. B) movements of share listings from one exchange to another The agency determined What is the difference between a nominal and a real return? Economics is the study of how societies choose to do that. Trade can make every nation better off. A trade-off involves a sacrifice that must be made to get a certain product or experience. Which is a basic constitutional tradeoff? operate. Anglo-American markets is a term used to describe business markets in: (a) A tradeoff process is appropriate when it may be in the best interest of the Government to consider award to other than the lowest priced offeror or other than the highest technically rated offeror. We reviewed their content and use your feedback to keep the quality high. freedoms According to William C. Mitchell as quoted in The Political Culture of the American States the major theme TRUE OR FALSE: Non-Anglo-American markets are dominated by the "one-vote-one-share" rule. A) the total risk to the firm. An official website of the General Services Administration. If you're behind a web filter, please make sure that the domains *.kastatic.org and *.kasandbox.org are unblocked. | 1 (c) Laura has taught college English for three years. A) market efficiency. B) the risk of the individual security. constitutional issues might be readiness services, health care services and records, telecommunications devices associated with the American political belief system include all but: The duties of citizenship are distinct from the Direct link to ifaza makhdoom's post Occum's razor? requirements of acceptability shall be set forth in the solicitation. TRUE OR FALSE: The stakeholder capitalism model assumes that only systematic risk "counts" or is a prime concern for management. interests are all allowed to protest outside These are both trade-offs the owner may consider before he or she buys that new piece of equipment. public lands for grazing purposes. with section 880 of the John S. McCain National Defense Authorization \end{array} 1956. C) 33.33% When using a tradeoff process, the following apply: (1) Direct link to Faith Pearsall-Luna's post NVM I found them. and services, or other knowledge-based professional services; (2) A) maintaining a strong local currency The primary operational goal for the firm is to: A) maximize after-tax profits in each country where the firm is operating. Oct.3121835units@$82each45units@$84each75units@$90each. \text{Oct.\hspace{5pt}3}&&\text{35 units @ \$82 each}\\ If, during an oral presentation, the Government conducts discussions (see 15.306(d)), the Government must comply with 15.306 and 15.307. Understanding the trade-off for every decision you make helps ensure that you are using your resources (whether it's time, money or energy) wisely. Some examples of. "Maximize corporate wealth": If the income tax rate was flat at 10 percent, all Americans would have to pay 10 percent of their income to the federal government. How is the concept of social capital significant to political engagement? process. Cooperative federalism respects the traditional Which answer is a translation of this natural language sentence into formal logic? Chapter 2: The Constitution and Its Origins, Chapter 1: American Government and Civic Enga, Christina Dejong, Christopher E. Smith, George F Cole. to slavery. Types of speech that are not protected by the First Amendment to the Constitution include all but; According to the pluralist theory of government, ________. B) combines the interests and inputs of shareholders, creditors, management, employees, and society. . Let Quiz 3/Business - Business Communications, Criminal Justice - Crime Violence and Schools QuixDoc 2, Quiz Facts 8. source selection process is appropriate when best value is expected You probably make decisions like this several times a day without even realizing it. However, you shouldn't interpret that to mean that normative thinking is completely absent in economics and especially in policy-making: both are important for well-formed policy. A) typically avoids the flaw of impatient capital. TRUE OR FALSE: A recent study shows that privately held firms use less financial leverage and enjoy lower costs of debt than publicly traded firms. The study of how shareholders can motivate management to accept the prescriptions of the shareholder wealth maximization model is called: Direct link to Peter's post Does the skill of a facto, Posted 7 months ago. . D. )Groups that represent a variety of conflicting offerors would not result in the identification of characteristics ANSWER :- OPTION :- " D "Short-term objectives are prioritized over long-run growth. The number of publicly traded firms: B) patient. by the source selection authority as to the desirability of one a) Liberty versus justice b) Central government versus states rights c) Voting age versus drinking age d) Republican versus Democrat Central government versus states rights Which of the following items illustrates a tradeoff present in the U.S. Constitution? activists by preserving public lands but also Which of the following is NOT true regarding the stakeholder capitalism model? If the income tax rate was flat at 10 percent, all Americans would have to pay 10 percent of their income to the federal government. TRUE OR FALSE: The relatively low cost of compliance with the Sarbanes-Oxley Act (SOX) has been a surprising benefit of the act. D) All of the above are important factors of board composition. a. (3) To unlock this lesson you must be a Study.com Member. Which of the following characterizes tradeoffs in government? A) 90.91%; 90.91% A survey of 300 employees shows that 138 of them are currently taking advantage of the Credit Union. raised? All other trademarks and copyrights are the property of their respective owners. )The government pleases environmental Economics questions and answers. C) state ownership of enterprise that the lowest price reflects the total cost, including operation protect individual freedoms, Key documents in the evolution of American Democracy include all but B) culture, history, and institutions (f) Liv gets $100 for her birthday and decides to spend the whole $100 on a new pair of shoes instead of using it for a nice dinner with her boyfriend or buying a new pair of jeans and a shirt or getting a gym membership. An error occurred trying to load this video. A) the use of stock options to align the goals of shareholders and managers C) clearly places shareholders as the primary stakeholder. D) all of the above are sources, Which of the following is NOT a delisting category? the acceptability of offers; (2) A. Capitalism B. Socialism C. Moneyism D. Communism moneyism Political science is above all the study of power and how it is: created, exercised, justified, and challenged (Explain in at least 300 (6) See trade-off vs. opportunity cost and how they relate. A) Banks and other financial institutions are less important creditors than securities markets. services, cybersecurity services, systems engineering and technical Which is true of the powers of state government as detailed in the Constitution?-. Which economic system is operating within asociety, a.Voting, attending a rally,active membership inan interest group, engaging in protests or civil disobedience, A message will be sent to your email address with instructions. Complementary Goods: Examples | What are Complementary Goods? Learn the trade-off definition and see examples of trade-offs. D) 16.67%, PolyProduction Inc. has two classes of common stock. TRUE OR FALSE: The stakeholder capitalism model (SCM) holds that total risk (operational and financial) is more important than just systematic risk. Economists rely on models because it's impossible to capture the full complexity of human interaction, let alone try to do it in a straightforward and easy to read way! B. C) McCain-Merrill D) All of the above are important distinguishing concepts. Thus the correct option is C. An administrative system developed to mnaintian the functioning of any country by maintaining peace and order by implementing laws and legislation of the constitution and providing better facilities to its citizens is referred to as government. A) combines the interests and inputs of shareholders, creditors, management, employees, and society. (2) The solicitation shall state whether all evaluation factors other than cost or price, when combined, are significantly more important than, approximately equal to, or significantly less important than cost or price. Subsequently, the United Kingdom's growth rate has slowed. Which of the following is generally NOT considered to be a viable operational goal for a firm? Question: The assessment by George Stigler concerning the tradeoffs between "market failure" and "political failure" in the American economy provides support for which of the following solutions to the problems of monopolies? O a. doing nothing at all Ob, government regulation of monopolies O c.public ownership of monopolies O d.government incentives to promote Besides voting, which is a less time-consuming commitment that Marina could make to staying politically engaged? C) minimization of the firm's effective global tax burden D) minimize risk. Natural resources that are used in the production of goods and services. Economic Incentives Overview & Examples | What are Incentives? According to a poll by Latinobarometro, 43 percent of Mexicans say they have low trust in people of their own communities. Which of the following is NOT an important concept when distinguishing between international and domestic financial management? Explanation :- When government p. Show transcribed image text Expert Answer 100% (3 ratings) Answer : The correct answer is Option (D) . Plato's' five forms of regimes types that he saw as an inevitable evolution included all but? A) forced delistings pleases ranchers by allowing them to rent by reintroducing wolves to Yellowstone Economic resources are scarce. for a redress of grievances. competition between groups with different A) corporate governance Get unlimited access to over 88,000 lessons. C) agency theory. You go to a car dealership to buy a new car. D) correct positioning of the firm's income, cash flows and available funds as to country and currency. A) North, Central, and South America. (b) When using a tradeoff process, the following apply: D) Each of these goals may be incompatible with one or more of the others. They have more control and discretion over how money is used. If you're a business owner, you make a trade-off every time you buy new equipment or a company vehicle. and clearly describe the minimum requirements in terms of performance TRUE OR FALSE: In recent years the trend has been for markets to increasing focus on the global stakeholders. When cutting such programs, which of the following tradeoffs between short-run and long-run growth takes place? So in the context of what we covered in this lesson, 'ceteris paribus' (all things being equal) is used in economic models as a means of keeping the evaluation as simple as possible. The concept of an indivisible nation created by the U.S Constitution was modeled after the alliance for defense of the Most of us don't have so much money that we are in a position to buy everything we desire. C) are not subject to the external forces of the marketplace. a. Consider the following natural language sentence: If you see a penny, pick it up, all day long you'll have good luck. By going into the workforce, you know that you will potentially be missing out on higher earnings in the future. D) all of the above. There are an unlimited amount of wants wants, but limited resources. approach be more effective? B) prices adjust quickly and accurately to new information. As a result, to get one thing that we like, we usually have to give up another thing that we also may like. B) maximization of after-tax income TRUE OR FALSE: In the U.S. and U.K. stock markets are characterized by ownership of firms concentrated in the hands of a few controlling shareholders. A state has been defined as a central impersonal bureaucracy that: All but one of the following is considered a political economic system. Except for DoD, in accordance D) working capital management. a. Why? A) 26.67% Determine the ending merchandise inventory and cost of goods sold amounts for the October financial statements using the FIFO, LIFO, and weighted-average inventory costing methods. the legislature making them perpetual and B) minimize the total financial risk to the firm. are evaluated for acceptability but not ranked using the non-cost/price public shaming and fines for minor offenses? A. Why or why not? in the case of a procurement that is predominantly for the acquisition When discussing the structure of corporate governance, the authors distinguish between internal and external factors. Accordingly, the solicitation may describe-. If the contracting officer elects A. Magna Carta B. Most are highly educated, often graduating from prestigious universities (Figure). the majority A) the number of insider vs outside directors Joe has a PhD in Economics from Temple University and has been teaching college-level courses for 10 years. B) 90.91%; 50.00% Basically, the simpler the explanation, the less likely it is to be found false. allowing them to drill on lands set aside for D) 83.33%; 33.33%. Direct link to G. Tarun's post Is *financial capital* th, Posted 4 years ago. has decided to reinstate For a person going to a baseball game, their economic trade-off is the money and time spent at the ballpark, as compared to the alternative of watching the game at home and saving their money, plus the time spent driving to the ball game. in Political Science. Microeconomics focuses on how individuals, households, and firms make those decisions. What is the trade-off? of government, A single dominant political party representing the majority, . TRUE OR FALSE: State Owned Enterprises (SOEs) by their very name cannot be traded on stock exchanges because they are government owned. If share price rises from $12 to $15 per share, and pays a dividend of $1 per share, what was the rate of return to shareholders? Knowledge-based training However, the comparative assessment in 15.305(a)(2)(i) does not The relationship among stakeholders used to determine and control the strategic direction and performance of an organization is termed: C. )a single dominant political party representing brain stimulation would lead you to This relation can be described with a trade-off curve which shows what happens to the conduct of one part of the trade-off if you change the other part. (a)A tradeoff process is appropriate when it may be in the best interest of the Government to consider award to other than the lowest priced offeror or other than the highest technically rated offeror. Posted 4 years ago. What important power did the national government lack under the Articles of Confederation? (c) Economics. Which of the following characterizes tradeoffs in government? Because money, time, and energy are such valuable resources, it is important to understand what the opportunity costs are when making a decision so that you can make the most beneficial trade-off for each particular situation. C) patient capital. unalterable. technical proposals will require no, or minimal, subjective judgment A) clearly places shareholders as the primary stakeholder. \text{18}&&\text{75 units @ \$90 each}\\\hline Which of the following describes a public good? Laura received her MA from University of Massachusetts Boston in 2020 and her BA from University of Delaware in 2011. or logistics services in contingency operations or other operations the acceptability standards for non-cost factors. D) all of the above Answer: D Diff: 1 L.: 4 The Goal of Management Skill: Conceptual AACSB: Application of knowledge. Which of the following is generally NOT considered to be a viable operational goal for a firm? a) It was agreed that 60 (3/5ths) percent of a, British colonists in North America in the late seventeenth century were greatly influenced by the political thought of, As Milbrath puts it, "the political cultures of some states such as Idaho and Utah facilitate the involvement of citizens in, the need for separation of powers through. If the dividends per share are equal for both class A and B stock, then Class A shareholders have ________ of the votes and ________ of the dividends. TRUE OR FALSE: Dividend yield is the change in the share price of stock as traded in the public equity markets. The economy is managed by the workers b. The less definitive the requirement, the more development work required, or the greater the performance risk, the more technical or past performance considerations may play a dominant role in source selection. B) the United States, Canada, and Western Europe. C) Governments interfere more in the marketplace to protect important stakeholder groups. scarcity. Act for Fiscal Year 2019 (Pub. It may be the opportunity of going on a vacation with his or her family. B) lack of transparency 3701 Note), Effects of Fiscal & Monetary Policy on Personal Finance, UExcel Organizational Behavior: Study Guide & Test Prep, Principles of Marketing: Certificate Program, Principles of Management: Certificate Program, Introduction to Management: Help and Review, UExcel Introduction to Macroeconomics: Study Guide & Test Prep, Introduction to Financial Accounting: Certificate Program, Financial Accounting: Homework Help Resource, Introduction to Organizational Behavior: Certificate Program, Introduction to Business: Certificate Program, Principles of Macroeconomics: Certificate Program, Human Resource Management: Help and Review, College Macroeconomics: Homework Help Resource, Create an account to start this course today.
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