Explain the Effects of General Cognitive Ability on Performance and Commitment

question 92

Essay

Explain the effects of general cognitive ability on performance and commitment.

Identify the reasons why firms maintain cash balances and the purposes of holding marketable securities.

Understand the application and benefits of just-in-time inventory systems.

Understand the principle of comparative advantage and its role in maximizing world output through specialization.

Recognize the reasons for international trade, including differences in resource endowments, economies of scale, and differences in tastes.

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Definitions:

Gap Junctions

Specialized structures in animal cell membranes that allow for direct communication between cells through the passage of ions and molecules.

Tight Junction

Cell junction that fastens together the plasma membrane of adjacent epithelial cells; collectively prevent fluids from leaking between the cells. Composed of adhesion proteins.

Plasmodesma

Cell junction that forms an open channel between the cytoplasm of adjacent plant cells.

Adhering Junction

Cell junction that fastens an animal cell to another cell, or to basement membrane. Connects to cytoskeletal elements inside the cell; composed of adhesion proteins.