When Taking Notes in a Quantitative Course, You Should NOT

question 26

Multiple Choice

When taking notes in a quantitative course, you should NOT

• A) take notes in pencil or erasable pen.
• B) label and store handouts immediately.
• C) use symbols to highlight important points or questions.
• D) organize your notes in your binder alphabetically.

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Definitions:

Allocate Resources

The process of distributing available resources, whether material, financial, or human, among competing demands and uses in an efficient manner.

Willingness to Pay

The maximum amount a consumer is ready to spend for a good or service.

Surplus

The situation where the quantity supplied of a product exceeds the quantity demanded at a given price.

Negative Externality

An economic situation where a third party is negatively affected by the actions of others, typically not reflected in the cost of those actions, such as pollution.