Answer: C) Calculations are often unnecessary because we can usually rely on common wisdom.
Explanation: According to the ethical theory of John Stuart Mill about utilitarianism is that morality of actions are used for defining the result or outcome about the happiness . Calculations are thus not a requirement for the utilitarianism.
Other options are incorrect because training is not required for simplification of calculation. It is not an issue for every theory and neither is the reason for low knowledge about morals.Thus, the correct option is option(C)
Answer:
Explanation:
Opportunity cost is the cost of missing out on the next best alternative. In other words, opportunity cost represents the benefits that could have been gained by taking a different decision.
All businesses have to make choices - and those choices have implications.
In business, resources are usually scarce or limited. Decision are made under circumstances of uncertainty and taking one course of action or decision may affect business ability to take an alternative action.
Opportunity cost measures the cost of a choice made in terms of the next best alternative foregone or sacrificed.
Examples of Opportunity Cost in the Business & Economic Environment
Work-leisure choices
The opportunity cost of deciding not to work an extra ten hours a week is the lost wages given up.
Government spending priorities
The opportunity cost of the government spending an extra £10 billion on investment in National Health Service might be that £10 billion less is available for spending on education or defence equipment.
Investing today for consumption tomorrow
The opportunity cost of an economy investing resources in new capital goods is the production of consumer goods given up for today.
Use of scarce farming land
The opportunity cost of using farmland to grow wheat for bio-fuel means that there is less wheat available for food production, causing food prices to rise
Trade-offs
A trade-off arises where having more of one thing potentially results in having less of another. The table below lists some examples of how trade-offs often arise in business - as a result of resource scarcity.
Answer:C (semantic memory)
Explanation:
Option A(procedural memory) is a type of long term "human" memory that is used unconsciously. People use this term of memory to perform certain tasks without conscious awareness. This option is not relating to frank poem he "learnt" from his grade school.
Option B(Implicit memory): There are two types of memory 1,explicit and 2, implicit .Implicit memory explains long term memory used unconsciously without awareness an example of such memory is (option. A, procedural), and this does not relate to the subject matter of the passage
Option C(semantic memory) is a type of explicit memory that is consciously used,intentionally remembrance of past events and concept such as the poem frank recited to the amusement of his grand children. The best answer is "c" (semantic), while D is not a type of memory that fits and explains the activity frank displayed.
The global economic crisis, which is plunging many farmers into poverty
Hope this helps:)
