Reference no: EM131266908
Critical Thinking Questions
Given that you are interviewing for a job with the Connect Company, the interviewer asks you the following questions: what are the two key factors that determine the strength of demand? How would you determine whether a good is in high demand or low demand?
How does demand for resources relate to my definition of microeconomics found on the circular flow chart?
Regarding wage determination, how would this affect comparative advantage or absolute advantage regarding the circular flow?
In a job interview, the controller asks you to explain the long-run relationship between real hourly earnings and productivity. What would be your reply?
As a business consultant, how would you explain to your client what determines the economic rent for land? Using economics terms, concepts and/or methods, explain from a supply and demand perspective.
Regarding one of the EXGA criterion, the four characteristics of a firm, how does this criterion reflect on rent, interest and profits of a firm? Use economic terms, concepts and/or methods in your explanation.
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Convertible bonds-prepare the entry to record the conversion
: Aubrey Inc. issued $5,770,200 of 8%, 10-year convertible bonds on June 1, 2014, at 98 plus accrued interest. The bonds were dated April 1, 2014, with interest payable April 1 and October 1. Bond discount is amortized semiannually on a straight-line b..
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How the selected individual contributed to societal change
: Provide background information on the individual and their personal philosophies, Discuss how the individual was connected to the Progressive Movement and Discuss how the selected individual contributed to societal change.
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Welfare program that guarantees individuals
: The government institutes a welfare program that guarantees individuals $2000/month. The guarantee is phased out immediately with the first dollar of income earned. How many hours does Martha work? What is her income?
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Can you re create hydrox through a name change
: Can you re-create Hydrox through a name change? What kind of brand name could go head-to-head with Oreo?
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How does demand for resources found on circular flow chart
: How does demand for resources relate to my definition of microeconomics found on the circular flow chart? What are the two key factors that determine the strength of demand? How would you determine whether a good is in high demand or low demand?
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Identify in order to create activity-based cost model
: Identify the various activities that the company would identify in order to create a activity-based cost model. If the company where to allocate cost by department, what departments would be identified? How might this company utilize customer profita..
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How can you package your renewed sandwich cookie
: How can you package your renewed sandwich cookie to make it more attractive on the shelf than Oreo? What about package size?
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Discuss importance and benefits of using critical thinking
: Provide an example from your personal experience of critical thinking applied to a business decision. Discuss the importance and benefits of using critical thinking
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Find its efficiency as an autotransformer
: A 400/100 V, 10 kVA, 2-winding transformer is to be employed as an autotransformer to supply a 400 V circuit from a 500 V source. When tested as a 2-winding transformer at rated load, 0.85 pf lagging, its efficiency is 0.97%.
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