...A good resource is all the documents that of a form or other one spread the proper knowledge of an area. Each of these documents gives birth to the primary sources of information, and these in turn, give place to other documents that the secondary and tertiary sources shape. In the chosen topic "Research and report on how to fund a non-profit community book festival for a major United States city. Consider recent changes in the economy ", we identify a various sources to develop the above mentioned topic. These identified sources offered to us information of how we can plan a book festival by means of sponsors to be able to help this non-profit company. What makes a good resource for every investigation or event planning is the validity of information. The person need to make sure the source is trustworthy. How he or she can verify it? For example: a Phoenix University document from the online library VS a complete informative document from Wikipedia. Wikipedia is an online library but made by every person who post information, they didn’t verify the sources, maybe you can find an extensive and complete document about the information that are you looking for but the sources are not reliable. Another example is when the person looks information about decease, is not the same getting the information over the internet that getting the information from a book that its author is a doctor. The sources utilized to get information about how to make or plan a book festival were...
Words: 519 - Pages: 3
...What is a Good Resource? COMM 215/Essentials of College Writing By: Team C Instructor: Dr. Karyn Riedell 14 April 2014 Assignment Discuss the attributes of a good resource as it relates to the chosen topic for your Final Research Paper and Presentation due in Week Five. List the necessary attributes as agreed upon by your Learning Team. Then list three of the resources chosen for your final project, and explain in 75 to 100 words for each resource how it meets the chosen criteria for selecting a good resource. Introduction To write a paper or any document, it is important to ensure that the material that is referenced is fact based and is classified as a good resource, but what exactly is a good resource. There are multiple answers to this question; however there is certain criteria that makes some resources good, while others may lack. We evaluate that if the resource is written by a subject matter expert in the field, the information in the resource is classified as good. Next, the timeframe in which the document was written comes into play, if the information is outdated or superseded by updated information, the resource may not still be applicable. The type of document is also important, stated generally, what would a user trust more, information contained in an encyclopedia or in an online blog? Last, is the information in the resource needs to be unbiased so that the user is able to evaluate a topic without having a pre-determined stance in support...
Words: 886 - Pages: 4
...Doing good with limited resources About 25 million citizens of the United States are underinsured and 8 to 10 adults believe that the U.S. healthcare system needs to be completely rebuild (Ulrich & Grady, 2009) The health care system in U.S. need to improve the care for people who are underinsured or not insured at all. The effort must be made in order to keep the population healthy and the outbreaks of epidemics under control. Many of the U.S. citizens do not have access to health services or do not look for health services even when they need them, just because they are unable to afford it. The underinsured and noninsured people are falling under the categories of disparities for health care access, health care facilities and advanced services. All of this will have an unwanted outcome for the patient. Advanced technologies are available and able to meet the need of the population, but at the same time they are available only for limited number of people who are able to afford it. All the medical staff is pressured to make a decision between the patient needs and what the patient can afford. The nurses and doctors are challenged as we try to “do good” with limited resources and sometimes “limited goods” within prescribed rules (Ulrich & Grady, 2009) It is very hard for the health care providers to provide a high quality care under constant rule changes and withholding useful services (Ulrich & Grady, 2009). All medical professionals are involved in “real life” drama...
Words: 518 - Pages: 3
...economic model, the PPF, and using it to illustrate the concepts of scarcity, tradeoff and opportunity cost. It explains, with a model, the concepts of marginal cost and marginal benefit, introduces efficiency, and explains how we can expand production by accumulating capital and improving technology. The economic problem of allocating resources (making choices) in a situation of scarcity can be illustrated by explaining the concept of the production possibilities frontier (PPF). Production Possibilities Frontier (PPF) refers to the maximum combinations of goods and services an economy can produce efficiently using its available resources and technology within a given period of time. It is the boundary between the goods and services that can be produced from those that cannot. The PPF model is a graphical illustration with the following assumptions 1. The society has a fixed amount of available common resources. i.e., the same limited resources can be used to produce either of the goods. 2. The society has a fixed amount of technology 3. Full employment of resources 4. The choice is between producing two goods: Machines and Food. All other goods and services are assumed being the same (ceteris paribus). This assumption is to allow the use of simple graphical analysis. Note that these assumptions are realistic for the short run but not for the long run. 1 Dr. Mohammed Alwosabi Econ 140 – Ch.2 EXAMPLE: The following table summarizes hypothetical choices, or production...
Words: 3158 - Pages: 13
...satisfy unlimited wants with limited resources?" The premise of the economic problem model is that wants are constant and infinite due to constantly changing demands (often closely related to changing demographics of the population). However, resources in the world to satisfy human wants are always limited to the amount of natural or human resources available. The economic problem, and methods to curb it, revolve around the idea of choice in prioritizing which wants can be fulfilled and how do we know what to produce for the economy. Opportunity cost and Production Possibility Frontier or Production Possibility Curve. The main theory to decipher what and how to prioritise these wants and needs is to look at the opportunity cost (looks at what good must be prioritised first according to needs and how efficiently that the good can satisfy infinite wants). A good way to look at this is the production possibility frontier (PPF) or PPC, this isolates two goods in an economy produced at any one given time to show the effect of what would happen if one changed according to the other and also the effects of new technology and new resources. For example, say that we have isolated two goods, food and clothing, and we look at what would happen if there was increased production of food (there is an opportunity cost of clothes so clothes would go down as food goes up), this varies according to what effects there are including new technology and new resources. Needs Needs are material items...
Words: 1183 - Pages: 5
...com/47740996/economics-chapter-1-flash-cards/ 1 What enables society to produce more goods with current resources? Technology 2 A nation's production possibilities curve can shift outward: As a result of specialization and trade. With an increase in the quality and quantity of resources. Through the use of improved production techniques. 3 Factories storage, transportation and distribution facilities, as well as tools and machinery are all examples of physical ________ goods. Capital 4 To economists, land includes all ______, or gifts of nature, used in the production process. Natural Resources 5 The pleasure, satisfaction, or happiness obtained from consuming a good or service is known as (One Word) Utility 6 The need to make choices because economic wants exceed economic means, most likely describes The Economizing Problem 7 _________ is the discipline of economics concerned with individual units such as households, firms and government Macroeconomics 8 The four general categories of economic resources are: Land, Capital, Labor, and Entrepreneurial Ability. 9 A ____ ____ ____ list the different combinations of two products that can be produced with a specific set of resources, assuming full employment Production Possibilities Table. 10 Due to scarce resources, every individual, whether rich or poor, is faced with an _______ cost when choosing to produce or consume more of one good over another Opportunity. 11 A production possibilities...
Words: 5007 - Pages: 21
...central or fundamental economic problem, is one of the fundamental economic theories in the operation of any economy. It asserts that there is scarcity, or that the finite resources available are insufficient to satisfy all human wants and needs. The problem then becomes how to determine what is to be produced and how thefactors of production (such as capital and labor) are to be allocated. Economics revolves around methods and possibilities of solving the economic problem. Economic problem arises mainly due to two reasons- (i) human wants are unlimited (ii) means to satisfy human wants are scarce. Contents [hide] * 1 Overview * 1.1 Opportunity cost and Production Possibility Frontier or Production Possibility Curve. * 1.2 Needs * 1.3 Wants * 1.4 Choice * 2 See also ------------------------------------------------- Overview[edit source | editbeta] The economic problem is most simply explained by the question "how do we satisfy unlimited wants with limited resources?" The premise of the economic problem model is that wants are constant and infinite due to constantly changing demands (often closely related to changing demographics of the population). However, resources in the world to satisfy human wants are always limited to the amount of natural or human resources available. The economic problem, and methods to curb it, revolve around the idea of choice in prioritizing which wants can be fulfilled and how do we know what to produce for...
Words: 1767 - Pages: 8
...RESOURCE DIRECTORY BUSINESS CREDIT RESOURCE DIRECTORY - MONICA MAIN BUSINESS CREDIT RESOURCE DIRECTORY When I started off getting business credit for my business I had very poor personal credit. I have sources listed below for those who have good personal credit and those who do not. Please note: You cannot begin the process of applying for business credit without an EIN (employer identification number) and a DNB (Dun and Bradstreet) number. It is recommended that you FIRST establish at least 3 "small" trade accounts before signing up with a DNB package! When I first got started building business credit, I used the creditors that are highlighted below. By using only those creditors I was able to build stellar business credit inside of 4 months. No, you don't need good personal credit to build business credit but it certainly doesn't hurt if you do have good personal credit. Finally, even though it's important to build solid business credit, I strongly recommend that you begin building strong personal credit as well. It's nice to have a double arsenal of both good personal and business credit. When I say "pros" I mean that it is what makes it easier to get business credit from the creditor. When I say "cons" it doesn't necessarily mean that it's a "con" but rather they are extra steps/requirements needed to get the business credit. Here are the resources: 1) Advanta Business Credit Card - www.advanta.com Pros: Outstanding balance does not appear on personal credit reports...
Words: 1094 - Pages: 5
...Economics is the study of how people choose to use resources. Resources include the time and talent people have available, the land, buildings, equipment, and other tools on hand, and the knowledge of how to combine them to create useful products and services. 2. Needs are limited. These include food, liquid, heat, shelter, clothing (material needs), self-esteem and being loved (psychological and emotional needs). Whereas Wants are unlimited. Be it a farmer in Africa, a manager in the UK or the richest individual in the world. There is always something which he or she wants more of. 3. Land is the economic resource encompassing natural resources found within an economy. This resource includes timber, land, fisheries, farms and other similar natural resources. Land is usually a limited resource for many economies. Although some natural resources, such as timber, food and animals, are renewable, the physical land is usually a fixed resource. Nations must carefully use their land resource by creating a mix of natural and industrial uses. Labor represents the human capital available to transform raw or national resources into consumer goods. Human capital includes all able-bodied individuals capable of working in the economy and providing various services to other individuals or businesses. This factor of production is a flexible resource as workers can be allocated to different areas of the economy for producing consumer goods or services. Human capital can also be improved...
Words: 439 - Pages: 2
...Chapter 1 notes: * Economics: a social science that examines how people choose among the alternatives available to them. * Scarcity: the condition of having to choose among alternatives * Scarce good: a good for which the choice of one alternative requires that another be given up * Free good: a good for which the choice of one use does not require that another be given up * Important questions: * What should be produced * How should goods and services be produced * For whom should goods and serviced be produced * Opportunity cost: the value of the best alternative forgone in making any choice * Economists study choices that scarcity requires us to make * Economic approach to choice: * Economists give special emphasis to role of opportunity costs * Assume that individuals makes choices that maximize the value of some objective and they define their objectives based on self-interests * Individuals maximize by choosing to do little more or little less of something; argue that individuals pay attention to the consequences of small changes in the levels of activities they purchase * Economic way of thinking pushes us to the value of alternatives in each choice we make * Margin: current level of activity * Choice at the margin: decision to do a little more or little less of something * Microeconomics: branch of economics that focuses on the choices made by individual decision-making units in the economy and the...
Words: 1239 - Pages: 5
...in what an economy can produce if it is using all its scarce resources. An increase in an economy’s productive potential can be shown by an outward shift in the economy’s production possibility frontier (PPF). The simplest way to show economic growth is to bundle all goods into two basic categories, consumer and capital goods. An outward shift of a PPF means that an economy has increased its capacity to produce. What creates growth? When using a PPF, growth is defined as an increase in potential output over time, and illustrated by an outward shift in the curve. An outward shift of a PPF means that an economy has increased its capacity to produce all goods. This can occur when the economy undertakes some or all of the following: Employs new technology Investment in new technology increases potential output for all goods and services because new technology is inevitably more efficient than old technology. Widespread 'mechanisation' in the 18th and 19th centuries enabled the UK to generate vast quantities of output from relatively few resources, and become the world's first fully industrialised economy. In recent times, China's rapid growth rate owes much to the application of new technology to the manufacturing process. An economy will not be able to grow if an insufficient amount of resources are allocated to capital goods. In fact, because capital depreciates some resources must be allocated to capital goods for an economy to remain at its current size, let alone for...
Words: 1113 - Pages: 5
...00013526 Student Name: Le Thi Minh Hien Lecturer: Bryan Tran Course: Contemporary Issues in Management Introduction In the orgnization’s today, managing employee is very important . If a organization want to developp, they need a good manager. Based on Shivarudrappa (2010), Human resource management are playing the role that the manager employ, educate, pick out and develop contributory for an organization. He also told us that HRM is making and implementation plan for all staff and operations of the company. So the role of HRM is very important for the development of each organization.To complete the task, HRM is the lead right from the first step.HRM must understand the needs of the employees, the company's strategy, knowledge of marketing, creative, and refreshing work themselves, said creating effective working environment (Zuzeviciute and Tereseviciene, 2007 ). This article was aimed to clarify the skills, abilities and knowledge of the HR manager in a modern company Skills, Competencies and Knowledge Human resource management’s role is one of the important components of the organization. There are some skills can help the manager grow into more effective. Two of the most important skills an employer's selection and recruitment.Recruiting good staff is the first basic skills of a recruiter.It is in the process of selecting a group of highly qualified candidates for recruitment office’s worker(Gold, 2007). He also decided selection as a progress of choosing people from...
Words: 2262 - Pages: 10
...Questions 1. Economics is the study of: A. increasing the level of productive resources so there is maximum output in society. B. increasing the level of productive resources so there is a minimum level of income. C. how people, institutions, and society make choices under conditions of scarcity. D. the efficient use of scarce resources paid for at the minimum level of cost to consumers and businesses. 2. The primary focus of the study of economics is with: A. expanding the production of goods and services. B. equalizing the distribution of consumer income and wealth. C. making the most efficient use of scarce productive resources. D. reallocating resources from consumption to production in the economy. 3. The general concern of economics is with the study of the: A. degree of competition in stock and bond markets in the economy. B. efficient use of limited productive resources to satisfy economic wants. C. issue of equality in the distribution of income and wealth among households. D. budget deficits in the domestic economy and trade deficits in the international economy. 4. Which of the following is not a central focus of the "economic perspective"? A. Scarcity and choice. B. The scientific method. C. Purposeful behavior. D. Marginal analysis. 5. The term scarcity in economics refers to the fact that: A. economic wants are limited and resources are abused. B. even in the richest country some people go hungry. C. no country...
Words: 16509 - Pages: 67
...Chapter 1: What is Economics? Section 1 Key Terms • need: something essential for survival • want: something that people desire but that is not necessary for survival • goods: the physical objects that someone produces • services: the actions or activities that one person performs for another • scarcity: the principle that limited amounts of goods and services are available to meet unlimited wants Chapter 1, Section 1 Copyright © Pearson Education, Inc. Slide 2 Key Terms, cont. • economics: the study of how people seek to satisfy their needs and wants by making choices • shortage: a situation in which consumers want more of a good or service than producers are willing to make available at particular prices • entrepreneur: a person who decides how to combine resources to create goods and services • factors of production: the resources that are used to make goods and services Chapter 1, Section 1 Copyright © Pearson Education, Inc. Slide 3 Key Terms, cont. • land: all natural resources used to produce goods and services • labor: the effort people devote to tasks for which they are paid • capital: any human-made resource that is used to produce other goods and services • physical capital: the human-made objects used to create other goods and services • human capital: the knowledge and skills a worker gains through education and experience Chapter 1, Section 1 Copyright © Pearson Education, Inc. Slide 4 Chapter 1...
Words: 853 - Pages: 4
...Scarcity, choice and resource allocation Economic Resources | | Microeconomics is the study of the behaviour and decisions of individuals and businesses in markets across the economy. We start our study of microeconomics by looking at the resources which an economy may have available to supply and produce goods and services to meet the ever-changing needs and wants of individuals and society as a whole.In economics we classify goods as “tangible” products, example might include food and drink, cars, digital televisions, flat-screen televisions, energy products and cricket bats! Services are sometimes known as intangibles, education and health-care are two important services and tourism, business consultancy, cleaning and home insurance are all examples of services.Finite resourcesThere are only a finite (or limited) number of workers, machines, acres of land and reserves of oil and other natural resources on the earth. Because most of our resources are finite, we cannot produce an unlimited number of different goods and services and by producing more for an ever-increasing population we are in real danger of destroying the natural resources of the planet. This has important consequences for the long-term sustainability of economies throughout the world and potentially huge implications for our living standards and the quality of life. | Factors of production Factors of production refer to the resources we have available to produce goods and services. We make a distinction...
Words: 3905 - Pages: 16
