In the Economy of Mungo, There Is a Third Person

question 35

Multiple Choice

In the economy of Mungo, there is a third person called Ike.Ike has a red income of 82 and a blue income of 25.Recall that blue prices are 1 bcu (blue currency unit) per unit of ambrosia and 1 bcu per unit of bubble gum.Red prices are 2 rcus (red currency units) per unit of ambrosia and 6 rcus per unit of bubble gum.You have to pay twice for what you buy, once in red currency, once in blue currency.If Ike spends all of his blue income but not all of his red income he must consume

• A)at least 8 units of bubble gum.
• B)at least 17 units of ambrosia.
• C)exactly twice as much bubble gum as ambrosia.
• D)at least 13 units of bubble gum.
• E)equal amounts of ambrosia and bubble gum.

Comprehend the principles behind various organizational designs including simple design, adhocracy, and bureaucracy.

Recognize the influence of technology on organizational structure and design, including operations technology and information technology.

Understand the characteristics and implications of process designs and technology classifications in organizations.

Understand the legal principle of disaffirmance by minors in contracts.

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Definitions:

Visual Image

A mental representation of an object, scene, or face that can be recalled or imagined in the absence of the physical presence of it.

Sensory Memory

The shortest-term element of memory, it is the ability to retain impressions of sensory information after the original stimuli have ended.

Long-Term Memory

The aspect of our memory system that is capable of storing a vast amount of information for periods ranging from minutes to a lifetime.

Short-Term Memory

The part of memory that temporarily stores information for a brief period, typically from seconds to a few minutes.