...a. Discussion Questions: 9 b. Problems: 6, 9, and spreadsheet problem (p.37) 9) How Is The Concept Of A Normal Return On Investment Related To The Distinction Between Business And Economic Profit? The difference between the business and economic profit is that in economic profit, profit or loss is calculated by subtracting opportunity cost of the inputs used from the revenue of sales. On the other hand, accounting or business profit is the difference between the total revenue and total costs incurred to earn that revenue. Now, in business accounting normal return is the minimum profit that is required to cover the costs of inputs and all of the expenses associated with it. It can be a profit just greater than the breakeven profit (which is zero). The normal return on investment is included as part of profit by businessmen and accountants but as part of costs by economists. Thus, business profit minus the normal return on investment or implicit costs equals economic profit. It is economic profit that is important in allocating society’s scarce resources among competing uses. On the other hand, economic profit is just cost estimation. Therefore, normal profit is required in business profit and not in economic profit, which is one of the differences between the two types of profits (Salvatore, 2012). 6) Determine which of the two investment projects of Problem 5 the manager should choose if the discount rate of the firm is 20 percent. The firm should...
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...Assignments | Due Date | Module 1- Aug 24-Sept 6 | Study Activities M1S1 Read Chapters 1. M1S2 View PowerPoint Presentation. (optional activity) M1S3 Explore other perspectives. (optional activity) M1S4 Conduct additional research through the IRSC MAN4442 LibGuide to support your discussion responses. Assessments M1A1: Discussion Board Post for Chapter 1 Answer the questions on page 34 Critical Thinking Questions 1,3,5,7 Respond to two fellow students | Sept 6 | Module 2- Sept 7-20 | Study Activities M2S1 Read Chapters 2 and 3. M2S2 View PowerPoint Presentations. (optional activity) M2S3 Explore other Perspectives. (optional activity) M2S4 Conduct additional research through IRSC MAN4442 LibGuide to support your discussion responses.Assessments M2A1 Discussion Board Post for chapter 2. Answer the questions on page 55 Critical Thinking Questions 1-3, Respond to two fellow students M2A2 Discussion Board Post for chapter 3. Answer the questions on page 85 Critical Thinking Questions 1-3, Respond to two fellow students | Sept 20 | Module 3- Sept 21- Oct 4 | Study Activities M3S1 Read Chapters 4 and 5. M3S2 View PowerPoint Presentations. (optional activity) M3S3 Explore other perspectives. (optional activity) M3S4 Conduct additional research through the IRSC MAN4442 LibGuide to support your discussion responses.Assessments M3A1 Discussion Board Post for Chapter 4. Answer the questions on page 119 Critical Thinking Questions 2,3,5 Respond to two fellow students...
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...Reading 1.3-1: What is critical thinking? 1 Reading 1.3-1: What is critical thinking? The world of accounting has changed dramatically over the past 50 years. In 1965, the key skills expected of a new CGA could best be described as ―technical‖ — the application of accounting, auditing, and other related skills to the recording of transactions and the generation of financial statements. However, by the mid-1990s, the notion of competency-based assessment had replaced this older model of skills assessment. The development of a competency map identifying key skills required for the accounting profession indicated that a key skill is the ability to think critically. Simply put, critical thinking is a type of thinking that questions assumptions. The Critical Thinking Community at http://www.criticalthinking.org/ provides the following definition: Critical thinking is self-guided, self-disciplined thinking which attempts to reason at the highest level of quality in a fair-minded way. Critical thinking can be applied to any course in the CGA Program of Professional Studies. It entails the examination of those structures or elements of thought implicit in all reasoning, which consists of Purpose, problem, or question at issue Assumptions Concepts Empirical grounding Reasoning leading to conclusions Implications and consequences Objections from alternative viewpoints Frame of reference ―Critical,‖ as used in the term ―critical thinking,‖ relates to...
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...Splash Media, 2 years ago Thanks for sharing Zaid. Your presentation played a key part in a video about critical thinking that I just published. http://www.youtube.com/watch?v=-85-j7Nr9i4 chuchad at chuchad, 2 years ago Thank you for sharing. This presentation is very useful. ommeone 2 years ago Thank you for sharing the great ideas of critical thinking. It really helps me on doing my thesis. Patti Waterbury, Founder/President at Creative Growth Strategies, Inc., 2 years ago Thank you for sharing...excellent content. Comments 1 - 10 of 21 comments next Embed Video Subscribe to comments Post Comment Speaker Notes on slide 28 98 Favorites Karori International Ventures Limited at Karori International Ventures Limited, 1 month ago Tags creative thinking Greg Williams, instructional designer, eLearning developer, professor, trainer, consultant at University of Maryland, Baltimore County, 1 month ago Wagner Rezende, Professor at UFG, 2 months ago osupa01 3 months ago Monica Giovanovich, capacitacion, comunicacion, recursos humanos at Independiente, 4 months ago asaito 6 months ago Tags critical thinking weme 6 months ago chiggsy 6 months ago celestwoo 8 months ago Shashidhar Venkatesh Murthy, Associate Professor & Head of Pathology at School of Medicine, James Cook University QLD 4811 AUSTRALIA, 8 months ago more Introduction to Critical Thinking -...
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...CRITICAL THINKING http://www.umich.edu/~elements/probsolv/strategy/crthink.htm Critical Thinking is the process we use to reflect on assess and judge the assumption underlying our own and others ideas and efforts. Critical thinking involves calling into question the assumptions underlying our customary, habitual ways of thinking and acting and then being ready to think and act differently on the basis of the critical questioning. Components of Critical Thinking 1. Identifying and challenging assumptions. 2. Recognizing the importance of context. 3. Imagining and exploring alternatives. 4. Developing reflective skepticism. Creative Thinkers * Consider rejecting standardized formats for problem solving. * Have an interest in a wide range of related and divergent fields. * Take multiple perspectives on a problem. * Use trial-and-error methods in their experimentation. * Have a future orientation. * Have self-confidence and trust in their own judgment. Critical Thinking Involves * Recognizing underlying assumptions. * Scrutinizing arguments. * Judging ideas. * Judging the rationality of these justifications by comparing them to a range of varying interpretations and prospective. * Providing positive as well as negative appraisal. THE SIX TYPES OF SOCRATIC QUESTIONS Due to the rapid addition of new information and the advancement of science and technology that occur almost daily, an engineer must constantly...
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...Critical Thinking: Compare and Contrast Latrenda Suggs RSC 801, Section L11 Professor Barker Capitol College Abstract The constructs of this paper will compare and contrast the various definitions of critical thinking. Many of the scholarly articles that I have researched for this paper provide insight of various reasoning as to the ideas of what critical thinking means. Although the wording is very different for each definition they seem to overlap each of in a sense. Some of the researchers of these articles read as though they took a deeper reflection of what critical thinking means. Critical thinking is very important for people all of ages. Critical thinking is detrimental to a student’s success. Introduction Critical thinking is essential for students and people in everyday life. Critical thinking skills are what characterizes’ the way a person thinks and learn. Critical thinking is where ideas are formed. Many researchers interpret critical thinking in different ways. Critical thinking can be used in every field such as engineering, teaching, nursing and business. Some people don’t understand truly what critical thinking mean and how to access their full potential. In 2007 a study was conducted by the National Center for Education Statistics which reveals that the United States was behind the curve on critical thinking. Critical thinking methods aren’t being applied in schools as they should be. Students lack problem solving skills which lead to problems with...
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...Asking the Right Questions-11 Step Analysis Introduction “I know it’s good to be a critical thinker and to be able to ask lots of good questions, but I don’t know what questions to ask or how to ask them.” (Browne & Keeley, 2011) In our text “Asking the Right Questions: A Guide to Critical Thinking (10th Ed.) The authors explore the benefits and necessity for critical thinking as it relates to the process of asking the right questions to make an informed decision and conclusion to an argument. The authors Browne and Keeley (2011) give two different approaches that can be taken in order to achieve success in critical thinking; the Interactive approach which involves evaluation of what is being read or heard and the sponge approach which involves little thought because you are simply absorbing everything you read and hear. With a good combination of the two one can successfully go through the critical thinking process and ask and answer all the right questions. So what are the right questions? Browne and Keeley give 10 questions that create a stairway to successful critical thinking. I am going to go through the 10-question model and examine a Memo written by Ms. Mary Ford the Director of Human Resources of APEU to Mr. Hector Fuentes the President of APEU local No. 121. I. What are the Issues and Conclusions? An issue is a question or controversy responsible for the conversation or discussion. It is the stimulus for what is being said (Browne & Keeley, 2011). There are...
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... |Creative Minds and Critical Thinking | Copyright © 2009, 2005 by University of Phoenix. All rights reserved. Course Description In this course, students will analyze the thinking process from a critical and creative perspective. The lives of prominent creative thinkers will be examined to identify the social, historical, psychological, and cultural elements that influenced their development. The salient aspects of creativity will be assessed along with the relationship between creativity and critical thinking. Students will apply critical thinking skills to contemporary creative and scientific thought. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged into the student website to view this document. • Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Course Materials Ruggiero, V. R. (2009). The art of thinking: A guide to...
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...How to Produce Critical Thinkers Esther Taylor 21 March 2015 Tanya Croft—FDENG 101 How to Produce Critical Thinkers The world is evolving. Every day new technology, apps, ideas are developing and the world is moving at a faster speed than ever before. With all this commotion it’s easy for educators to feel as though learning should be rushed along with the speed of society. However learning is a key in the evolution of the world, without continuing knowledge our ideas and developing technologies would come to a halt. Learning is essential to productivity and even more essential to learning is thinking, “the need for the ability to rationalize argument, and synthesizing new information into a cogent, reflective and logical action is surely at a paramount”(Ben Morse, 2012 p.1). Through our critical thinking we are expanding our knowledge and therefore making it possible for us to surpass our current limitations and continue to create. We need to further implement techniques and processes that will help children develop critical thinking skills at a young age so that they will be able to keep up with the fast pace at which our world is moving. Thinking is necessary, but critical thinking is a skill. “Critical thinking is thinking that assesses itself” (Center for Critical Thinking, 1996b). It is questioning every aspect of a subject until one can fully understand it’s what, how, and why. This is a skill that will help students not just in the classroom, but in every endeavor...
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...Microsoft®, Windows®, and Windows NT® are registered trademarks of Microsoft Corporation in the United States and/or other countries. All other company and product names are trademarks or registered trademarks or their respective companies. Use of these marks is not intended to imply endorsement, sponsorship, or affiliation. Edited in accordance with University of Phoenix® editorial standards and practices. Course Syllabus Course Title: GEN 480 Interdisciplinary Capstone Course BSBM.04-08.BSMB0533A Course Schedule: 04/08/08 to 05/12/08 Required Text: Paul, R., & Elder, L., (2002), Critical thinking: Tools for taking charge of your professional and personal life. Upper Saddle River, NJ, Prentice Hall. Paul, R., & Elder, L., (2003), The Miniature guide to understanding the foundations of ethical reasoning, The Foundation for Critical Thinking, Dillon Beach, CA. Ruggiero, V., (2004), Thinking critically about ethical issues 6th edition, Burr Ridge, IL, McGraw-Hill. Electronic Resources: Note: All required text materials can be found on the GEN/480 course page. The page can be accessed through the University of Phoenix Student and Faculty Website at...
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...CRITICAL THINKING (HCT 1012) Question I : Geek Logics and Metaphysics in Critical Thinking Question II : Modern Western Philosophy in Critical Thinking Name : Muhammad Abid bin Ariffin Matric No : BS-04/12-00052 I/C No : 940621-10-5287 Session : 2013/2014 (03) Name of Lecturer : Mr. N.Krishnan Table of Content No. | Particular | Page | 1 | Acknowledgements | | 2 | Introduction | | 3 | Question I : Geek Logics and Metaphysics in Critical Thinking | | 4 | i.Background | | 5 | ii.Contribution | | 6 | Question II : Modern Western Philosophy in Critical Thinking | | 7 | i.Background | | 8 | ii.Contribution | | 9 | Conclusion | | 10 | Refference | | Acknowledgements I would like tyo thank Mr. N.Krishnan for assistance in conducting Critical Thiunking’s class and the following reviewers for their helpful cemment and suggestions on an earlier draft of this paper. Thanks to the legenda’s wifi for the internet access to accesss all the information. Thanks to god give me evergy to do this task. Thanks to my parents for give me support. Introduction Critical thinking is the ability to think clearly and rationally. It includes the ability to engage in reflective and independent thinking. Someone with critical thinking skills is able to do the following : * understand the logical connections between ideas * identify, construct and evaluate arguments * detect inconsistencies and common mistakes in reasoning * solve...
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...Critical Thinking Assignment 1 Critical thinking occurs when a person thinks about a subject or problem to where the improvement of the quality of one’s own thinking using skillful analogies, then assessing and reconstructing them. A few important skills that is learned through critical thinking is learning how to discipline oneself in thinking, understanding the world as well as learning themselves. Critical thinking in the business world has many benefits in the process of decision making by employers as well as employees. Critical thinking is the disciplined art of ensuring that you use the best thinking you are capable of in any set of circumstances. The general goal of thinking is to figure out some situation solve some problem, answer some questions, or resolve some issue It also is a process in which a person pursuits reliable and pertinent information about the world. Critical thinking is often described as reasonable, ruminative, trustworthy, and a well practiced form of thinking that assists people with deciding what they should believe in and what actions should be taken. A practiced critical thinker will ask good questions, collects pertinent data, categorizes common characteristics, logically reasons with the new data and then he or she will come to a trustworthy and dependable conclusion. Critical thinking makes use of many processes and procedures. Some processes include but is not limited to asking questions, making judgments, and identifying assumptions. ...
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...9 | Issue 1 Article 4 2012 Evaluation of the Effectiveness of Online Resources in Developing Student Critical Thinking: Review of Literature and Case Study of a Critical Thinking Online Site Erst Carmichael University of Western Sydney, e.carmichael@uws.edu.au Helen Farrell University of New South Wales, h.farrell@unsw.edu.au Follow this and additional works at: http://ro.uow.edu.au/jutlp Recommended Citation Carmichael, Erst and Farrell, Helen, Evaluation of the Effectiveness of Online Resources in Developing Student Critical Thinking: Review of Literature and Case Study of a Critical Thinking Online Site, Journal of University Teaching & Learning Practice, 9(1), 2012. Available at:http://ro.uow.edu.au/jutlp/vol9/iss1/4 Research Online is the open access institutional repository for the University of Wollongong. For further information contact the UOW Library: research-pubs@uow.edu.au Evaluation of the Effectiveness of Online Resources in Developing Student Critical Thinking: Review of Literature and Case Study of a Critical Thinking Online Site Abstract A graduate's ability to be a critical thinker is expected by many employers; therefore development of students’ critical-thinking skills in higher education is important. There is also a perception that today’s students are technologically "savvy", and appreciate the inclusion of a technological approach to learning. However, the complexity of the concept of critical thinking and the assumptions...
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...Critical Thinking Evangelina Villela GEN200 February 11, 2015 Critical Thinking Critical Thinking is a learned skill developed by broadening your viewpoints through clear thinking. It is the process of evaluating issues to form rational, open-minded conclusions to solve problems better. A psychologist named Benjamin Bloom named six levels of thinking. He called them a taxonomy of educational objectives (Ellis & Toft, 2015). The six levels are Remembering, Understanding, Applying, Analyzing, Evaluating, and Creating are the six levels in the critical thinking process. Emotions from the loss of my daughter have affected me and my decision-making process. As a professional in the United States Army, I had to evaluate this life changing event to determine whether to continue my tenure or retire. I could no longer accept the responsibility of teaching, coaching, and mentoring young Soldiers to become future leaders and better citizens of society. Remembering is the process of recognizing or recalling key terms, facts, or events that you have experienced in the past. This step can be used to grasp an understanding and identifying the central issue of what is being communicated. Upon finding the topic, determining the point is the next step. The issue is the question in which the author asks and answers. Applying this step can help you draw factual information to reach an answer or conclusion in evaluating your ideas, and obtain the knowledge of what is communicated. Remembering...
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...Week 1 Knowledge Check Study Guide Concepts Mastery Score: 9 / 9 Questions Cognitive Biases 100% 1 Two Kinds of Arguments 100% 4 Ifâ¦then⦠Sentences 100% 5 Inductive Arguments 100% 6 Define Critical Thinking 100% 7 Arguments 100% 9 2 3 8 Concept: Cognitive Biases Mastery 1. 100% Questions 1 2 3 The bandwagon effect is a common bias, which refers to A. the tendency to one’s thinking with the underdog B. the tendency to one’s thinking with a negative advertisement C. the tendency to one’s thinking with cognitive dissonance D. an unconscious tendency to one’s thinking with that of other people Correct: The Correct Answer is: D. The bandwagon effect “refers to an unconscious tendency to one’s thinking with that of other people” (Moore & Parker, 2013, p. 18). 2. Some cognitive biases involve heuristics, which are A. general rules we unconsciously follow in estimating probabilities. B. the probability of an event happening based on personal experience C. the probability of an event happening based on family experience D. the probabilities of an event happening based on science Correct: The Correct Answer is: A. “Some cognitive biases involve heuristics, general rules we unconsciously follow in estimating probabilities” (Moore & Parker, 2012, p. 18). 3. The in-group bias is characterized by A. a rational evaluation...
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