Define traditional capital and human capital
What will be an ideal response?
Traditional capital refers to investments into resources such as factories, machines, manufacturing equipment, and the like. Human capital is the investment in human knowledge and skills for future profit.
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The use of unethical tactics may provoke what response from the "victim?"
What will be an ideal response?
Mark Walton was involved in a car accident in which the airbag of his car failed to deploy. He sued the car manufacturer for installing faulty airbags
But in the course of the case being heard in court, the car company and Mark decided to settle the lawsuit out of court. What important function of the law was served in this case? A) promoting social justice B) maximizing individual freedom C) providing a basis for compromise D) maintaining the status quo
What is the cost to run Sammy's at the economic production lot size?
A) $5.46 B) $2.73 C) $1.36 D) $0.68
Which of the following is the main ethical concern over the use of product placement as a marketing tool?
a. Fraud b. Deception c. Disloyalty d. None of the above