Chapter 7 Review Questions

True or False: A permanent magnet is a piece of material that has been magnetized and can hold its magnetic strength for a reasonable length of time. True.

9. Why is the $1,000 you receive today worth more than $1,000 you receive next year? What concept does this illustrate? Why is this concept particularly important when firms evaluate capital budgeting proposals?

This is any music since industrialization in the mid-1800s that is in line with the tastes and preferences of the middle class.

The likelihood of close relatives sharing the same recessive alleles is greater than in the general population, raising the risks that a child would be homozygous recessive for a trait.

In what areas does Texas consistently rank at the bottom in state spending compared to other states? 4

3. Tina incorporates her sole proprietorship with assets having a fair market value of $100,000 and an adjusted

Along with Auguste Comte, another influential philosopher and scientist was Charles Darwin. Darwin presented the idea of natural selection and evolution in the 19th century. Darwin said that variations within a specific species will kill off the weaker members will die off and the stronger members will survive, based on Malthus' theory that population will always outgrow the amount of supplies.

11.80. A r oom that m eas ur es 12'x 15'x 10' has gener al di l uti on exhaus t venti l ati on of 1

Chief Executives determine and formulate policies and provide overall direction of companies or private and public sector organizations within guidelines set up by a board of directors or similar governing body. Plan, direct, or coordinate operational activities at the highest level of management with the help of subordinate executives and staff managers. Judicial law clerks assist judges in court or by conducting research or preparing legal documents.

What is urbanization? Which countries are the most urbanized? The least urbanized? What is the urbanization trend today in largely rural nations? Urbanization is a process in which people increasingly move from rural areas to densely populated cities.

Court decision rules and help make the outcome of case law. The important of case law is it can be interprets with statues, regulation, constitutional provisions and other case law. (Miller, 2017). Judges decisions which are made in previous cases can make a case law. Case laws decisions can come from civil lawsuit, state court, local court and federal court. For example, if I had file a civil lawsuit against someone about an incident and win the case. A few years later, somebody else has a similar incident, but loses their case. The court the court must use the previous court’s decision in applying the law.

⎝ On the one hand there is the Knowledge Management Information System. They are systems that support the creation, capture, storage and dissemination of firm expertise and knowledge. It is very important as far as demographic issues are of paramount importance, firms need to be prepared: we can say that knowledge is a firm asset. The difficult part is to transfer the explicit part of knowledge which cannot be learnt contrary to the implicit part. More knowledge could be shared in FedEx company, for instance every employee could share and be aware of the prices or the routes of each box.

The Chief Operations Officer (COO) and the Chief Executive Officer (CEO) are the responsible individuals, which must make the appropriate decisions in order to protect the company’s wealth. As the COO, responsibilities include supervision of the three different product lines that

Expert systems are also known as knowledge based systems. These systems rely on a basic set of rules for solving specific problems and are capable of learning. The laws are defined for the system by experts and then implemented using if-then rules. These systems basically imitate the expert’s thoughts in solving the problem. An example of this is a system that diagnosis medical conditions. The doctor would input the symptoms to the computer system and it would then ask more questions if need or give diagnoses. Other examples include banking systems for acceptance of loans, advanced calculators, and weather predictions.

1. Scheduling involves the timing of operations to achieve the efficient movement of units through a system. The overall objective of scheduling is faster movement of goods and services through a facility, better customer service and dependable delivery.