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BP was subject to world- wide condemnation for the Gulf of Mexico major incident ( Deepwater Horizon, April 2010), being the largest marine oil spill in history. From the perspective of (a) Systems- oriented theories and (b) Social and Environmental reporting, what were the issues that confronted BP? Why would it be anticipated that companies such as BP would increase their non- financial annual report disclosures after the adverse media attention?
Imagine you have some workers and some handheld computers that you can use to take inventory at a warehouse. There are diminishing returns to taking inventory. If one worker uses one computer, he can inventory 150 items per hour. What if you assign t..
Suppose a firm doubles its output in the long run. At the same time the average cost of production remains unchanged. We can conclude that the firm is A) exploiting the economies of scale available to it. B) facing constant returns to scale. C) facin..
What are the arguments for and against the proposition that the food and restaurant industries should be held liable for the rise of obesity in the United States? Do you believe the nutritional information for restaurant food should be easily availab..
Suppose that your demand curves for gadgets and widgets are both straight lines but your demand curve for a gadget (DG) is much more elastic than your demand curve for widgets (DW). Draw a graph that illustrates your demand and transactions for gadge..
Illustrate what does GDP income leave out. Should a country meet additional quantifiable goals before being considered "developed".
Explain how does the price elasticity of demand for corn oil influence the quantity-demanded of corn oil and the Total Revenue earned by sellers of corn oil. Explain, using economic terms, why this is so.
A picture is worth a thousand words. We’ve heard that often but seldom consider the impact the visual media has on the written text. This is especially true in business messages and the projects you are working on creating for this course. As you des..
Past history says that tomorrow's demand for lettuce averages 250 boxes with a standard deviation of 34 boxes. Explain how many boxes of lettuce should the supermarket purchase tomorrow.
Suppose that the correlation r between two quantitative variables was found to be r = 0. Which of the following is the best interpretation of this correlation value? A There is a strong linear relationship between the two variables. B There is no lin..
The owners of a small manufacturing concern have hired a manager to run the company with the expectation that (s)he will buy the company after five years. The goal of the owners in making this hire is to find the appropriate manager that will increas..
an economy has a total amount of 100 units of a good to allocate between two persons-amanda and britney. amandas
Identify and briefly explain key macroeconomic issues that stand out as important to consider in business decisions.
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