In What Ways Can Naming Something Be Important? Can Naming

question 29

Essay

In what ways can naming something be important? Can naming something alter how we think about it? Or does the name that we give to something only communicate what we already think of it? Explain your answer, giving both concrete examples to illustrate your points and linking your answer to the thought of Lao-tzu.

---

Definitions:

Open Market

A system where buyers and sellers trade freely with minimal governmental restrictions, typically in reference to securities or commodities markets.

Split-off

A point in the production process where multiple products are generated from a common input.

Avoidable Cost

A cost that can be eliminated if a particular business decision is made.

Variable Production Cost

Costs that vary directly with the volume of production, including direct materials and direct labor, and sometimes variable portions of manufacturing overhead.