Input: [blindsight] Which of the following is believed to be the synaptic basis for learning and memory?

Output: long-term potentiation

psy exam 2-mastery quizzes Flashcards - Cram.com

seeing without being aware. the brain still lights up as if it is seeing something (just a different section lights up) that you think is our of your vision (if you got brain damage to your vision) but your brain can still track it but you cannot


Input: [blindsight] When you encode a piece of target information, other bits of information become associated with it. The bits of information connected with the target information are known as:

Output: retrieval cues

psy exam 2-mastery quizzes Flashcards - Cram.com

seeing without being aware. the brain still lights up as if it is seeing something (just a different section lights up) that you think is our of your vision (if you got brain damage to your vision) but your brain can still track it but you cannot


Input: A situation in which investors expect the recent trend in exchange rates to extend into the future.

Output: bandwagon


Input: Asserts that a single commodity will have the same price everywhere once the prices are expressed in the same currency. This is another way of stating the purchasing power parity hypothesis. It seems to be true chiefly for commodities that are standardized and heavily traded internationally.

Output: law of one price


Input: Seeks to explain exchange rates by focusing on the demands for and supplies of national monies.

Output: monetary approach to exchange rates


Input: The exchange rate we see quoted in foreign exchange markets.

Output: nominal bilateral exchange rate


Input: The weighted-average exchange value of a country’s currency, where the weights reflect the importance of the other countries in the home country’s total international trade.

Output: nominal effective exchange rate


Input: When the exchange rate is driven past its ultimate equilibrium rate (usually thought to be the PPP level), and then back to that rate later, during the adjustment of the macroeconomy to an exogenous shock. This effect is the consequence of goods prices that are sticky in the short run.

Output: overshooting


Input: In its absolute form, this hypothesis says that the exchange rate will equal the ratio of the domestic price level to the foreign price level, or e = P/Pf. (In its relative form, the hypothesis states that the difference over time in inflation rates will be offset by changes in the exchange rate over that period)] An approximation of relative purchasing power parity is [efuture – etoday] = [(inflation rate at home) minus (inflation rate in the foreign country]).

Output: purchasing power parity


Input: Theorizes that, in any country, the money supply is equal to the demand for money, which is directly proportional to the value of nominal gross domestic product. This is symbolized as M = kPY. Here, money’s only role is as a medium of exchange.

Output: quantity theory of money


Input: A way of measuring the price of foreign goods, not just in currency-adjusted terms, but also in price-level-adjusted terms. The real exchange rate on a currency at any moment in time is calculated as: [(foreign cost of home currency) x (P/Pf) x (100)]. If purchasing power parity holds between the two countries, the real exchange rate will be 100. When the real exchange rate is above 100, the home currency is overvalued and the foreign currency is undervalued; when the real exchange rate is less than 100, the home currency is undervalued and the foreign currency is overvalued.

Output: real exchange rate


Input: A self confirming upward or downward movement in a price (here, the exchange rate) that is out of line with the changes in the fundamental factors that determine the price of that object.

Output: speculative bubble


Input: A system in which a country tries to keep its exchange rate fixed for long periods of time and only changes the pegged rate when there is a substantial payments disequilibrium at that rate.

Output: adjustable peg


Input: Policies such as devaluations or tariffs intended to benefit one country’s economy at the expense of another. Such policies were widespread during the Great Depression of the 1930s.

Output: beggar-thy-neighbor


Input: Under this post World War II agreement organizing international financial affairs between 1944 and 1971, countries were allowed devaluations and revaluations of an adjustable peg exchange rate when faced with fundamental disequilibria that would otherwise require drastic domestic adjustment to keep the exchange rate fixed. Keynes was one of the architects of the Bretton Woods system.

Output: Bretton Woods system


Input: Government limits placed on the use of the foreign exchange market to make payments related to international financial activity (as opposed to payments for goods and services).

Output: capital controls


Input: Exchange rates determined by a freely-functioning foreign exchange market.

Output: clean float


Input: An exchange rate system in which the pegged rate is changed frequently according to a set of indicators or in response to monetary authority direction.

Output: crawling peg


Input: A situation in which a country’s currency is considered an international reserve so that the country can finance its official settlements deficit by issuing its own currency. The U.S. had extraordinary leeway to finance its payments deficits by issuing dollars in the 1950s and 1960s.

Output: deficits without tears


Input: Also known as managed float. An exchange rate which is generally floating but with government willingness to intervene to attempt to influence the equilibrium value of the rate.

Output: dirty float


Input: Denotes the situation prevailing toward the end of the Bretton Woods era, with the excessive build up of dollar reserves in the hands of foreign central banks due to the large and persistent U.S. payments deficits. The gold backing of the dollar was questioned, and ultimately the dollar was allowed to float freely starting in 1973.

Output: dollar crisis


Input: Refers to the necessary changes in the level of a country’s aggregate demand to ensure that supply and demand for foreign exchange are back to equilibrium at the fixed exchange rate, thus avoiding any further pressure on the exchange rate.

Output: domestic adjustment


Input: The currency of the European Union. As of 2008, 15 of 27 EU countries have replaced their national currencies with the euro.

Output: EURO


Input: Predecessor to the euro zone, the exchange rate mechanism (ERM) of the European Monetary System (EMS) maintained pegged exchange rates among ERM members’ currencies with currencies floating as a bloc against outside currencies such as the U.S. dollar. Some EU member states participate in a modified ERM in which their currencies are pegged to the euro.

Output: ERM of the EMS


Input: Restrictions on the ability of individuals to freely dispose of foreign exchange earned abroad and to acquire foreign exchange for spending abroad. For example, the excess demand for an officially undervalued foreign currency is dealt with by rationing the scarce supply available through exchange controls.

Output: foreign exchange controls


Input: A balance of payments surplus or deficit too great and/or enduring to be financed. It is easy to detect with hindsight, but difficult to detect at the outset.

Output: fundamental disequilibrium


Input: Epithet coined by Britain’s Chancellor of the Exchequer for the speculators he thought were abandoning the British pound and making it increasingly difficult to defend a pegged exchange rate in the mid 1960s.

Output: "Gnomes of Zurich"


Input: From about 1870 to WWI, most nations tied their currency values to gold and allowed unrestricted import and export of gold. Officials were expected to adjust the whole economy to defend the exchange rate.

Output: Gold standard era


Input: An institution created by the Bretton Woods agreement in 1944, the IMF aims to promote orderly foreign exchange arrangements and to limit exchange rate manipulation. It also lends reserves to its members (185 countries as of 2008) to finance temporary international payments difficulties.

Output: IMF


Input: Government intervention in the foreign exchange market to moderate current movements in floating exchange rates.

Output: leaning against the wind


Input: Government attempts to influence the market exchange rate by buying or selling foreign currency in exchange for the domestic currency.

Output: official intervention


Input: A bet which entails minimal or zero risk of loss for the gambler. A persistent payments imbalance under the Bretton Woods system, for example, clearly signaled the likelihood of a devaluation in the case of a deficit or a revaluation in the case of a surplus. There was, therefore, little risk of losing money by moving funds away from the currency to be devalued and toward the one to be revalued. At worst, speculators had to shoulder the transaction costs.

Output: one-way speculative gamble


Input: The value of the exchange rate that government officials try to target. Often the government will allow some flexibility of the actual exchange rate in a “band” around the par value.

Output: par value


Input: A rather nice way of saying “black market.” In countries with exchange controls, economic agents often find it profitable to circumvent official restrictions on buying and selling foreign currencies through the use of parallel markets.

Output: parallel market


Input: Term used in place of “fixed exchange rate” because, in practice, no exchange rate stays fixed forever, but can be changed by government action. This is a common exchange rate regime in developing countries.

Output: pegged exchange rate


Input: The argument that a fixed exchange rate system results in reduced inflation rates globally, largely because high-inflation countries become less competitive and run out of reserves needed to finance payments deficits. Those countries ultimately must tighten their domestic money supply to maintain the fixed exchange rate. As a result, inflation decreases.

Output: price discipline effect


Input: A system set up by members of the EEC in 1971, whereby each currency would float inside a specified band against every other member currency (the snake), and a maximum limit was set on the difference between the most appreciating and most depreciating currencies (the tunnel). This was a predecessor to the EMS.

Output: "snake in the tunnel"


Input: Reserve assets created by the IMF, beginning in 1970 as a supplement to existing reserve assets. The value of one SDR is determined by the weighted average of a basket of the currencies of the five countries with the largest share of world exports of goods and services—the U.S. dollar, the Japanese yen, the British pound, and the Euro (representing France and Germany).

Output: Special Drawing Rigths


Input: Using monetary policy to offset the impact of official intervention on the domestic money supply. For example, a government might purchase its own currency to support its exchange value, but then purchase domestic bonds to restore the domestic money supply. The intent is to manipulate currency values without affecting the domestic economy.

Output: sterilization


Input: A method devised by the U.S. Treasury for resolving the 1980s debt crises. Bank borrowing of 18 debtor countries was restructured with some debt reduction and some repackaging of loans as Brady bonds.

Output: Brady Plan


Input: The “strings” attached by the International Monetary Fund to loans it makes to a country in financial crisis; these are intended to address and correct the fundamental problems that caused the crisis. Such strings include fiscal and monetary restraint and liberalization of the country’s domestic and international markets.

Output: Conditionality


Input: The amount by which a borrower’s debt exceeds the present value of future transfers that will be made for debt service. For example, if a loan is made for current consumption or for low quality investment, today’s value of the future income streams from those uses will be much less than the amount the borrower owes.

Output: Debt Overhang


Input: A general term for changing the details of an existing loan. “Debt rescheduling” modifies the due date (or “maturity”) of the loan; “debt reduction” modifies the amount (or “principal”) of the loan.

Output: Debt Restructuring


Input: Repayments of principal and interest. The debt service ratio is a measure of a country’s debt burden and expresses debt service as a percentage of total export revenues or GDP.

Output: Debt Service


Input: Financial flows of credit and ownership claims between countries. Flows of physical capital goods are typically treated as ordinary trade flows, not capital flows, in the balance of payments accounts.

Output: International Capital Flows


Input: A situation in which someone insured against risks will purposely engage in risky behavior, knowing that any costs incurred will be compensated by the insurer. A financial system that offers “rescue packages” may encourage borrowers and lenders to undertake low quality or high risk investments, thus increasing the likelihood of a crisis.

Output: Moral hazard


Input: As with an optimal tariff, a large country may be able to exert market power and turn the terms of trade in its favor. For example, if a lending country taxes the outflow of funds, it will raise the price that borrowers have to pay. The country’s lenders earn a higher rate of return and the government collects the tax revenues. Although this may increase welfare in the lending country, it always reduces world welfare.

Output: nationally optimal tax on fund flows


Input: Someone or something that has legal independence. This usually refers to national governments because (as in the case of debts they owe) they cannot be forced to repay, be sued, or have their domestic assets seized.

Output: sovereign


Input: When investors recall loans from all developing countries rather than only from the particular country facing the debt crisis.

Output: tequila effect


Input: Performance goal in which the country’s economy has an overall balance of payments that is sustainable over time.

Output: external balance


Input: This curve shows all combinations of interest rate and income which result in a zero balance in the country’s overall international payments position (its official settlements balance is zero). The FE curve usually slopes upward because, as income rises, the demand for imports rises; interest rates must also rise to attract capital so that the current account deficit is offset by a financial account surplus. The FE curve is horizontal if there is perfect capital mobility between countries

Output: FE Curve


Input: When country J’s income rises, it is likely to increase imports from its trade partner, country K. Country K, in turn, experiences an increase in its income. As a result, Country K is likely to import more from country J, raising country J’s income even further. The increase in country K’s income is referred to as a “spillover effect”; the subsequent increase in country J’s exports (and so income) is called a “foreign-income repercussion.” Spillovers and foreign-income repercussions raise the open-economy spending multiplier of a country.

Output: foreign-income repercussions


Input: A performance goal in which the country’s economy is producing at the full employment income level with price stability.

Output: internal balance


Input: This curve shows all combinations of interest rate and income that equilibrate the market for goods and services. The IS curve slopes downward because, as interest rates fall, the demand for goods and services rises; output must rise to re-equilibrate the market for goods and services.

Output: IS curve


Input: This curve shows all combinations of interest rate and income that equilibrate money demand and money supply. The LM curve slopes upward because, as national income rises, so does money demand; with a fixed money supply, interest rates must rise to re equilibrate the money market.

Output: LM curve


Input: Argues that growth in the largest countries may be sufficient to raise world growth overall. This theory comes from the observation that growth in the U.S., Europe, and Japan tends to result in growth of other countries because these large countries import more when their incomes rise. Some suggest that China may now be a locomotive country.

Output: locomotive theory


Input: The ratio of a change in import volumes to the change in real national income causing the import change. Graphically, it is represented by the slope of the import function.

Output: marginal propensity to import


Input: This takes into account the leakage from the spending stream caused by the marginal propensity to import. Whereas the simple closed economy multiplier is [1/marginal propensity to save], the open economy multiplier is [1/(marginal propensity to save + marginal propensity to import)]. For a small economy, the open economy multiplier is smaller than the closed economy multiplier. For a large country, however, the open economy multiplier may be augmented by foreign¬ income repercussions as income increases in the large country induce income changes in trade partners and so have feedback on the large country’s exports

Output: open economy spending multiplier


Input: The ratio of a change in national income to the change in autonomous spending that caused the income change. It is greater than one because an initial increase in autonomous spending (independent of income) generates many successive changes in induced spending (dependent on income).

Output: spending multiplier


Input: Under a fixed or managed exchange rate regime, the monetary authorities have to intervene in the foreign exchange market to satisfy any private excess demand for, or supply of, foreign exchange. If the monetary authorities allow such operations to affect the money supply, it is called unsterilized intervention. If, instead, they undertake offsetting purchases or sales of government bonds in the open market, so as to prevent a balance of payments surplus or deficit from having any net effect on the domestic money supply, it is called sterilized intervention.

Output: sterilized/unsterilized intervention


Input: Also known as “classical medicine.” Under fixed exchange rates or the gold standard, the “rules of the game” require monetary authorities to refrain from sterilizing payments imbalances. Instead, they should actively push their domestic lending in the same direction as the payments imbalance, so as to speed up the elimination of payments imbalances, even if this requires sacrificing the goal of internal balance in the short run.

Output: rules of the game


Input: In this situation, a practically unlimited amount of lending moves between countries in response to the slightest change in one country’s interest rate.

Output: perfect capital mobility


Input: A short run solution to the aggregate demand policy dilemma; it exploits the opposite impacts of fiscal and monetary policies on the interest rate and, in consequence, on the balance of payments. Under fixed exchange rates and with imperfect capital mobility, the policy mix suggested by the assignment rule will allow a country to achieve both internal and external balance in the short run.

Output: monetary-fiscal policy mix


Input: Currency and deposits at a country’s central bank; they provide the pool of funds used in sterilization.

Output: monetary base


Input: When the price effect of a currency devaluation occurs more rapidly than the volume effect, the initial impact of a devaluation is to worsen the current account. After a period of months, the volume of imports falls and the volume of exports rises, causing the current account to improve. A trace of this time pattern in the current account results in the “J” shape.

Output: J curve


Input: Sudden changes in domestic spending or in the financial sector (money demand or supply).

Output: internal shocks


Input: Sudden changes in international capital flows or in international trade.

Output: external shocks


Input: Shocks caused by factors outside a model that are independent of other factors in the model or system.

Output: exogenous shocks


Input: Shocks caused by factors within the model or system.

Output: endogenous shocks


Input: The official authority that controls monetary policy and (usually) undertakes the official intervention in the foreign exchange market.

Output: central bank


Input: When investors flee a country (taking their capital with them) because of doubts about government policies.

Output: capital flight


Input: A guideline for assigning goals to fiscal and monetary policies. Fiscal policy should aim at achieving internal balance, while monetary policy should aim at achieving external balance.

Output: assignment rule


Input: Refers to the difficulty of improving the levels of both national income and the balance of payments by manipulating only the level of aggregate demand.

Output: aggregate demand policy dilemma


Input: Canada, France, Germany, Great Britain, Italy, Japan, Russia, and the United States. These countries (initially known as the G-7 countries when Russia was not yet a member) first coordinated to intervene in exchange rate markets with the Plaza Accord in 1985.

Output: G-8 Countries


Input: The joint determination of several countries’ macroeconomic policies to improve joint performance. An example is the 1987 Louvre Accord among the G 7 countries.

Output: international macroeconomic coordination


Input: One system for fixing a country’s exchange rate. The board stands ready to exchange domestic currency for foreign currency at a rate specified and fixed, and can issue new domestic currency only in exchange for foreign reserves. In essence, the domestic currency is fully backed by reserves of foreign exchange. Currency boards are popular in emerging economies.

Output: currency board


Input: An extreme form of fixed exchange rate system. A country surrenders its own currency and uses as its medium of exchange the currency of a foreign nation. A dollarized country has no independent money supply or monetary policy. Ecuador dollarized in 2000; El Salvador dollarized in 2001.

Output: dollarization


Input: This supra national bank took over monetary policy in the EMU “euro zone” in 1999. Policy will be made by a council comprised of executive committee members and the directors of the member countries’ national banks. A key concern for the ECB is how to balance goals of price stability versus growth and employment.

Output: European Central Bank


Input: Outlined by the Maastricht Treaty in 1991 and ratified by the EU countries in 1993. One of its goals was to create a single Europe-wide currency. To join, EU countries had to meet macro criteria regarding exchange rate stability, inflation and interest rates, and government finances. In 1998, 11 EU countries joined the EMU. Britain, Denmark, and Sweden chose not to join, while Greece did not qualify. As of 2008, 15 EU countries have become full members of the EMU and have adopted the euro as their currency.

Output: European Monetary Union


Input: A collection of nations in which exchange rates are permanently fixed and a single monetary authority conducts a common monetary policy for the countries of the union.

Output: monetary union


Input: The notion that a fixed exchange rate system reduces inflation globally. High-inflation countries become less competitive and run out of reserves to finance payments deficits. They must tighten the domestic money supply to maintain the fixed exchange rate; lower inflation results.

Output: price discipline


Input: The recognition that a country cannot, simultaneously, maintain a fixed exchange rate, free capital mobility, and independent monetary policy.

Output: trilemma


Input: Informed consent: lawyer must convey adequate info and explain risks of reasonably available alternatives Confirmed in writing: signed [DEFINE two basic duties]

Output: DEFINE method to obtain client consent


Input: Business transactions with clients Info gained by representation Gifts Media rights Financial assistance Payment from third person Aggregation of separate settlements/pleas Limiting liability Proprietary interests Sexual relations Related lawyers [DEFINE two basic duties]

Output: LIST specific rules of conflicts of interest


Input: Business transaction with client: transaction must be 1) fair and reasonable and ; 2) fully disclosed in writing; 3) client advised in writing to seek independent counsel; 4) client given reasonable to do so; 5) and client gives informed consent in writing [DEFINE two basic duties]

Output: DEFINE business transaction with clients re:conflict of interest


Input: Payment from third person: informed consent required and independent lawyer judgment must not be compromised; information regarding to representation must be protected from third person [DEFINE two basic duties]

Output: DEFINE payment from third person rule


Input: Limiting liability: lawyer shall not prospectively limit her malpractice liability unless the client is independently represented in making agreement; shall not settle claim for malpractice with unrepresented client unless person is advised in writing that he should seek independent counsel and given opportunity to [DEFINE two basic duties]

Output: DEFINE when lawyers can limit their liability


Input: Conflict imputed to all lawyers in firm: none of firm members shall represent client when one practicing alone would be prohibited, unless prohibition based on personal conflict of prohibited lawyer and does not present significant risk of materially limiting representation of the client [DEFINE two basic duties]

Output: DEFINE rule re:conflict imputed to all lawyers in firm


Input: Conflict of interest requirements: lawyer shall not represent client with interests materially adverse to prospective client in same or substantially related matter if info received that could harm person in matter Firm also disqualified unless reasonable measures taken to avoid info, lawyer screened, and no fees given to the lawyer/client is given notice; everyone must agree [DEFINE two basic duties]

Output: Conflict of interest re:prospective client consultations


Input: Lawyer shall not reveal information relating to representation unless client gives 1) informed consent, OR 2) disclosure impliedly authorized, OR 3) disclosure is permitted by RPCs [DEFINE two basic duties]

Output: DEFINE rule re:confidentiality (when can lawyer reveal information?)


Input: Death/bodily harm (must) Intent to commit crime (may) Intent to commit fraud (may) To secure legal advice (may) To protect lawyer (may) Required by court (may) Breach by court appointed fiduciary (may) [DEFINE two basic duties]

Output: LIST types of situations lawyer must/may reveal otherwise confidential information


Input: Time limits: duty of nondisclosure covers period prior to and subsequent to creation of relationship Lawyer must protect confidential info even if no relationship After relationship terminates, lawyer must continue to protect info; shall not use info related to for detriment of former client or for lawyer’s own purposes without informed consent [DEFINE two basic duties]

Output: Time limits for nondisclosure of information


Input: Client perjury/false evidence: lawyer must be candid with tribunal and shall not offer evidence knowing falsity; if lawyer learns evidence is false, lawyer must notify tribunal unless prohibited by RPCs; if prohibited, lawyer shall take reasonable steps to obtain client consent to disclosure; if refusal, lawyer may withdraw [DEFINE two basic duties]

Output: DEFINE rule re:client perjury and false evidence


Input: Supervisory duties/subordinate lawyers: if lawyer is direct supervisor, lawyer covered by RPC; partners and supervising lawyers shall make reasonable efforts to ensure everyone follows rules; supervisory lawyer shall make reasonable steps to assure those they supervise comply with the RPCs Imputed liability: LIABLE if if lawyer orders or with specific knowledge ratifies the conduct OR if supervisory lawyer knows conduct when its consequences can be avoided or mitigated, but lawyer fails to take reasonable remedial action [DEFINE two basic duties]

Output: DEFINE supervisory duties/coverage under RPC


Input: Subordinate lawyer: does not violate RPCs if lawyer acts in accordance with supervisor’s reasonable resolution of an arguable question of professional duty [DEFINE two basic duties]

Output: DEFINE subordinate lawyer coverage


Input: Nonlawyer assistant liability: if conduct of person would be in violation of RPCs if engaged by lawyer AND lawyer ordered or with specific knowledge ratified the conduct OR if supervisory lawyer knows of conduct when its consequences can be avoided or mitigated, but fails to take reasonable remedial action [DEFINE two basic duties]

Output: DEFINE nonlawyer assistant liability under RPC


Input: Lawyer shall not make a false or misleading communication about lawyer or lawyer’s services No statements about quality, even if objectively true; if reasonable person led to form unjustified expectation, statements are considered false and misleading even if true No statements about specialization, except patent/trademark; may say practice is limited or has emphasis on certain area of law; if certified, must indicate that WA Supreme Court does not recognize specialties No statements about ability to influence a court or public body Direct mail solicitation allowed, even targeted In person solicitation, including telephone/real time electronic communication, generally not allowed unless there some pre-existing relationship between lawyer and prospective - allowed for friends, family, former clients [DEFINE two basic duties]

Output: Advertising rules


Input: Criminal prosecutors have additional duty to seek justice Must not prosecute someone unless there is probable cause that the person is guilty of crime of charged Must advise defendant of need to obtain counsel; disclose info that mitigates guilty Avoid extrajudicial statements that could prejudice proceedings [DEFINE two basic duties]

Output: Criminal prosecutor extra duties


Input: Fee agreement: may be oral, but always wise to have writing before commencing representation; lawyer must communicate to client basis or rate of fee at any time requested by client [DEFINE two basic duties]

Output: Fee agreements


Input: Contingent fees: must always be in writing; not allowed in criminal or dissolution matters; allowed in post dissolution matters; must specify if fee is on gross or net recovery; when taken, lawyer must provide client with accounting showing how fee is calculated; client always has right to have court review [DEFINE two basic duties]

Output: Contingent fees


Input: Retainers: must be in writing; definition = fee client pays to be available during specific period or on specific case, in addition to and apart from any compensation for legal services performed; differentiated from advance payment of fees and cost (those go in trust account); must be signed by client and is lawyer’s property upon receipt - doesn’t go into trust account [DEFINE two basic duties]

Output: Retainer fees


Input: Flat fees: must be in writing; charge by lawyer constituting complete payment for specified legal services; paid in advance or in party in exchange of the lawyer providing the services; signed writing shall include scope of services, amount of fee and terms of payment, fee is the lawyer’s property/not in trust, does not alter ability of client to terminate lawyer’s services, and client entitled to refund if services not performed [DEFINE two basic duties]

Output: Flat fees


Input: Mandatory withdrawal necessary when lawyer discharged, continued representation violates RPC, lawyer’s physical or mental condition unreasonably impairs lawyer’s ability to represent the client [DEFINE two basic duties]

Output: DEFINE mandatory withdrawal


Input: Permissive withdrawal may be appropriate when no material adverse affect on client; client persists in/uses lawyer to perpetrate criminal/fraudulent conduct; lawyer considers clients acts repugnant; representation becomes unduly burdensome; fails to pay bill and warning is given to client of withdraw; or any other good cause/valid reason [DEFINE two basic duties]

Output: DEFINE permissive withdrawal


Input: fundamental beliefs that define your financial success [Financial Planning]

Output: Values


Input: specific objectives to be attained through financial planing and management efforts [Financial Planning]

Output: Financial Goals


Input: guide your financial success [Financial Planning]

Output: Financial Strategies


Input: measure your financial heath and progress [Financial Planning]

Output: Financial Statements


Input: measure your net worth [Financial Planning]

Output: Balance Sheet


Input: Assets - Liabilities = Net Worth [Financial Planning]

Output: Components of a Balance Sheet?


Input: what is owned [Financial Planning]

Output: Assets


Input: liquid assets or cash equivalents [Financial Planning]

Output: Monetary Assets


Input: what is owed [Financial Planning]

Output: Liabilities


Input: tracks where your money came from and went (Income - Expenses) [Financial Planning]

Output: Cash Flow Statement


Input: stay much the same from month to month [Financial Planning]

Output: Fixed Expenses


Input: change from month to month [Financial Planning]

Output: Variable Expenses


Input: number of months you could meet expenses using only monetary assets if all income is ceased [Financial Planning]

Output: Basic Liquidity Ratio


Input: the speed and ease with which an asset can be converted into cash [Financial Planning]

Output: Liquidity


Input: compares total assets with total liabilities [Financial Planning]

Output: Asset to Debt Ratio


Input: compares total dollars spent on gross annual debt [Financial Planning]

Output: Debt to Service Income Ratio


Input: divides monthly disposable personal income into monthly debt repayments [Financial Planning]

Output: Debt Payments to Disposable Income Ratio


Input: income after subtracting withholdings for taxes and insurance [Financial Planning]

Output: Disposable Income


Input: compares investment asset value with total assets [Financial Planning]

Output: Investment Assets to Total Assets Ratio


Input: documents that evidence financial transactions [Financial Planning]

Output: Financial Records


Input: a paper or electronic document used to record both planned and actual income and expenditures over a period of time [Financial Planning]

Output: Budget


Input: Cash Flow Statement (PAST) Balance Sheet (PRESENT) Budget (FUTURE) [Financial Planning]

Output: Past Present Future of Financial Statements


Input: pay received after employer withholdings from taxes, insurance and union dues [Financial Planning]

Output: Take Home Pay


Input: budgets estimates for monthly income and expenses [Financial Planning]

Output: Cash Flow Calendar


Input: variable budgeting tool that places funds in savings to cover emergency or higher than usual expenses [Financial Planning]

Output: Revolving Savings Fund


Input: difference between amount budgeted and actual amount spent or received [Financial Planning]

Output: Budget Variance


Input: recording sources and amounts of dollars earned and spent [Financial Planning]

Output: Record Keeping


Input: [DEFINE two basic duties] DEFINE method to obtain client consent

Output: Informed consent: lawyer must convey adequate info and explain risks of reasonably available alternatives Confirmed in writing: signed

Duty of confidentiality: keep confidential info private Duty of loyalty: act on behalf of client interests


Input: [DEFINE two basic duties] LIST specific rules of conflicts of interest

Output: Business transactions with clients Info gained by representation Gifts Media rights Financial assistance Payment from third person Aggregation of separate settlements/pleas Limiting liability Proprietary interests Sexual relations Related lawyers

Duty of confidentiality: keep confidential info private Duty of loyalty: act on behalf of client interests


Input: [DEFINE two basic duties] DEFINE business transaction with clients re:conflict of interest

Output: Business transaction with client: transaction must be 1) fair and reasonable and ; 2) fully disclosed in writing; 3) client advised in writing to seek independent counsel; 4) client given reasonable to do so; 5) and client gives informed consent in writing

Duty of confidentiality: keep confidential info private Duty of loyalty: act on behalf of client interests


Input: [DEFINE two basic duties] DEFINE payment from third person rule

Output: Payment from third person: informed consent required and independent lawyer judgment must not be compromised; information regarding to representation must be protected from third person

Duty of confidentiality: keep confidential info private Duty of loyalty: act on behalf of client interests


Input: [DEFINE two basic duties] DEFINE when lawyers can limit their liability

Output: Limiting liability: lawyer shall not prospectively limit her malpractice liability unless the client is independently represented in making agreement; shall not settle claim for malpractice with unrepresented client unless person is advised in writing that he should seek independent counsel and given opportunity to

Duty of confidentiality: keep confidential info private Duty of loyalty: act on behalf of client interests


Input: [DEFINE two basic duties] DEFINE rule re:conflict imputed to all lawyers in firm

Output: Conflict imputed to all lawyers in firm: none of firm members shall represent client when one practicing alone would be prohibited, unless prohibition based on personal conflict of prohibited lawyer and does not present significant risk of materially limiting representation of the client

Duty of confidentiality: keep confidential info private Duty of loyalty: act on behalf of client interests


Input: [DEFINE two basic duties] Conflict of interest re:prospective client consultations

Output: Conflict of interest requirements: lawyer shall not represent client with interests materially adverse to prospective client in same or substantially related matter if info received that could harm person in matter Firm also disqualified unless reasonable measures taken to avoid info, lawyer screened, and no fees given to the lawyer/client is given notice; everyone must agree

Duty of confidentiality: keep confidential info private Duty of loyalty: act on behalf of client interests


Input: [DEFINE two basic duties] DEFINE rule re:confidentiality (when can lawyer reveal information?)

Output: Lawyer shall not reveal information relating to representation unless client gives 1) informed consent, OR 2) disclosure impliedly authorized, OR 3) disclosure is permitted by RPCs

Duty of confidentiality: keep confidential info private Duty of loyalty: act on behalf of client interests


Input: [DEFINE two basic duties] LIST types of situations lawyer must/may reveal otherwise confidential information

Output: Death/bodily harm (must) Intent to commit crime (may) Intent to commit fraud (may) To secure legal advice (may) To protect lawyer (may) Required by court (may) Breach by court appointed fiduciary (may)

Duty of confidentiality: keep confidential info private Duty of loyalty: act on behalf of client interests


Input: [DEFINE two basic duties] Time limits for nondisclosure of information

Output: Time limits: duty of nondisclosure covers period prior to and subsequent to creation of relationship Lawyer must protect confidential info even if no relationship After relationship terminates, lawyer must continue to protect info; shall not use info related to for detriment of former client or for lawyer’s own purposes without informed consent

Duty of confidentiality: keep confidential info private Duty of loyalty: act on behalf of client interests


Input: [DEFINE two basic duties] DEFINE rule re:client perjury and false evidence

Output: Client perjury/false evidence: lawyer must be candid with tribunal and shall not offer evidence knowing falsity; if lawyer learns evidence is false, lawyer must notify tribunal unless prohibited by RPCs; if prohibited, lawyer shall take reasonable steps to obtain client consent to disclosure; if refusal, lawyer may withdraw

Duty of confidentiality: keep confidential info private Duty of loyalty: act on behalf of client interests


Input: [DEFINE two basic duties] DEFINE supervisory duties/coverage under RPC

Output: Supervisory duties/subordinate lawyers: if lawyer is direct supervisor, lawyer covered by RPC; partners and supervising lawyers shall make reasonable efforts to ensure everyone follows rules; supervisory lawyer shall make reasonable steps to assure those they supervise comply with the RPCs Imputed liability: LIABLE if if lawyer orders or with specific knowledge ratifies the conduct OR if supervisory lawyer knows conduct when its consequences can be avoided or mitigated, but lawyer fails to take reasonable remedial action

Duty of confidentiality: keep confidential info private Duty of loyalty: act on behalf of client interests


Input: [DEFINE two basic duties] DEFINE subordinate lawyer coverage

Output: Subordinate lawyer: does not violate RPCs if lawyer acts in accordance with supervisor’s reasonable resolution of an arguable question of professional duty

Duty of confidentiality: keep confidential info private Duty of loyalty: act on behalf of client interests


Input: [DEFINE two basic duties] DEFINE nonlawyer assistant liability under RPC

Output: Nonlawyer assistant liability: if conduct of person would be in violation of RPCs if engaged by lawyer AND lawyer ordered or with specific knowledge ratified the conduct OR if supervisory lawyer knows of conduct when its consequences can be avoided or mitigated, but fails to take reasonable remedial action

Duty of confidentiality: keep confidential info private Duty of loyalty: act on behalf of client interests


Input: [DEFINE two basic duties] Advertising rules

Output: Lawyer shall not make a false or misleading communication about lawyer or lawyer’s services No statements about quality, even if objectively true; if reasonable person led to form unjustified expectation, statements are considered false and misleading even if true No statements about specialization, except patent/trademark; may say practice is limited or has emphasis on certain area of law; if certified, must indicate that WA Supreme Court does not recognize specialties No statements about ability to influence a court or public body Direct mail solicitation allowed, even targeted In person solicitation, including telephone/real time electronic communication, generally not allowed unless there some pre-existing relationship between lawyer and prospective - allowed for friends, family, former clients

Duty of confidentiality: keep confidential info private Duty of loyalty: act on behalf of client interests


Input: [DEFINE two basic duties] Criminal prosecutor extra duties

Output: Criminal prosecutors have additional duty to seek justice Must not prosecute someone unless there is probable cause that the person is guilty of crime of charged Must advise defendant of need to obtain counsel; disclose info that mitigates guilty Avoid extrajudicial statements that could prejudice proceedings

Duty of confidentiality: keep confidential info private Duty of loyalty: act on behalf of client interests


Input: [DEFINE two basic duties] Fee agreements

Output: Fee agreement: may be oral, but always wise to have writing before commencing representation; lawyer must communicate to client basis or rate of fee at any time requested by client

Duty of confidentiality: keep confidential info private Duty of loyalty: act on behalf of client interests


Input: [DEFINE two basic duties] Contingent fees

Output: Contingent fees: must always be in writing; not allowed in criminal or dissolution matters; allowed in post dissolution matters; must specify if fee is on gross or net recovery; when taken, lawyer must provide client with accounting showing how fee is calculated; client always has right to have court review

Duty of confidentiality: keep confidential info private Duty of loyalty: act on behalf of client interests


Input: [DEFINE two basic duties] Retainer fees

Output: Retainers: must be in writing; definition = fee client pays to be available during specific period or on specific case, in addition to and apart from any compensation for legal services performed; differentiated from advance payment of fees and cost (those go in trust account); must be signed by client and is lawyer’s property upon receipt - doesn’t go into trust account

Duty of confidentiality: keep confidential info private Duty of loyalty: act on behalf of client interests


Input: [DEFINE two basic duties] Flat fees

Output: Flat fees: must be in writing; charge by lawyer constituting complete payment for specified legal services; paid in advance or in party in exchange of the lawyer providing the services; signed writing shall include scope of services, amount of fee and terms of payment, fee is the lawyer’s property/not in trust, does not alter ability of client to terminate lawyer’s services, and client entitled to refund if services not performed

Duty of confidentiality: keep confidential info private Duty of loyalty: act on behalf of client interests


Input: [DEFINE two basic duties] DEFINE mandatory withdrawal

Output: Mandatory withdrawal necessary when lawyer discharged, continued representation violates RPC, lawyer’s physical or mental condition unreasonably impairs lawyer’s ability to represent the client

Duty of confidentiality: keep confidential info private Duty of loyalty: act on behalf of client interests


Input: [DEFINE two basic duties] DEFINE permissive withdrawal

Output: Permissive withdrawal may be appropriate when no material adverse affect on client; client persists in/uses lawyer to perpetrate criminal/fraudulent conduct; lawyer considers clients acts repugnant; representation becomes unduly burdensome; fails to pay bill and warning is given to client of withdraw; or any other good cause/valid reason

Duty of confidentiality: keep confidential info private Duty of loyalty: act on behalf of client interests


Input: Language included in an agreement that attempts to avoid or shift liability away from the provider or program to the participant. [affirmative defense]

Output: exculpatory language


Input: Any language included in an agreement attempting to require a participant to reimburse the provider should another party bring a claim [affirmative defense]

Output: indemnity language


Input: in place of a parent [affirmative defense]

Output: in loco parentis


Input: the conjugal fellowship of spouses including companionship material services [affirmative defense]

Output: laws of consortium


Input: let the master answer [affirmative defense]

Output: respondeat superior


Input: the percentage by which awards may be reduced [affirmative defense]

Output: contributory negligence


Input: a wrong doing against a person who suffers damages [affirmative defense]

Output: tort


Input: assault fraud slander misrepresentation [affirmative defense]

Output: intentional tort


Input: wrong doings based upon negligence [affirmative defense]

Output: unintentional tort


Input: a law that applies to private wrongs, generally torts. [affirmative defense]

Output: civil law


Input: allows a court to apportion the defendant's fault when deciding the case. [affirmative defense]

Output: comparative fault


Input: the law that applies to public wrongs. defined by federal or state statutes. [affirmative defense]

Output: criminal law


Input: the party who is sued or charged with a crime [affirmative defense]

Output: defendant


Input: the party bring the lawsuit [affirmative defense]

Output: plaintiff


Input: to end the lawsuit, sometimes reserving the plaintiff's right to bring it again. [affirmative defense]

Output: dismiss


Input: risks integral to a recreational activity that cannot be eliminated without destroying the unique character of the activity [affirmative defense]

Output: inherent risks


Input: describes the limits of the power of a court to deal with a controversy or after [affirmative defense]

Output: jurisdiction


Input: a negotiated resolution of a lawsuit usually before a trial sometimes after [affirmative defense]

Output: settlement


Input: a written us of state law passed by appropriate legislature as opposed to common law which is developed through court decisions [affirmative defense]

Output: statute


Input: a ruling of a court disposing of a case without trial if the material facts are not disputed and the law clearly favors the party seeking summary judgement [affirmative defense]

Output: summary judgment


Input: failure to exercise reasonable care [affirmative defense]

Output: negligence


Input: a considerably higher degree of negligence than ordinary negligence. absence of even slight diligence [affirmative defense]

Output: gross negligence


Input: conduct greater than ordinary negligence and in some jurisdictions greater than gross negligence. sometimes includes an element of intent. [affirmative defense]

Output: willful and wanton misconduct


Input: the tendancy people have to take credit for good happenings and to place blame when things go bad. [affirmative defense]

Output: Inapporpriate attribution


Input: dropping ones guard due to fatigue [affirmative defense]

Output: Relaxed Concentration


Input: rushing to get to a known site at the end of a trip [affirmative defense]

Output: smelling the barn


Input: groups tend to make riskier decisions than individuals [affirmative defense]

Output: risky shift


Input: an action taken by a party disappointed with a lower court's ruling, seeking a higher courts review of that ruling [affirmative defense]

Output: appeal


Input: in the context of an upper court's treatment of a lower court's ruling- to allow that ruling to stand [affirmative defense]

Output: affirm or approve


Input: 7 potentially unsafe conditions [affirmative defense]

Output: falling objects i area security weather equip/weather swift/cold water animals plants p and p profile


Input: 7 potentially unsafe acts [affirmative defense]

Output: i protection i instruction i supervision speed i food drink poor position i procedure


Input: 8 errors in judgement [affirmative defense]

Output: desire to please others trying to ahere to a schedule misperception new situation fatigue distraction miscommunication disregarding instincts


Input: Noun

Output: person, place, thing, or idea

Noun Pronoun Verb Adjective Adverb Preposition Conjunction Interjection


Input: Pronoun

Output: takes the place of a noun


Input: Verb

Output: shows action or a state of being


Input: Adjective

Output: a word that describes a noun or pronoun


Input: Adverb

Output: a word that describes a verb, adjective or adverb


Input: Conjunction

Output: a word that join words, phrases or clauses


Input: Preposition

Output: a word that relate a noun or pronoun in the sentence to another word in the sentence


Input: Interjection

Output: a word that shows mild or strong emotions or feelings

Noun Pronoun Verb Adjective Adverb Preposition Conjunction Interjection


Input: [Define wavelength] Define Frequency

Output: Number of cycles in a given time period

the physical distance between two points exactly one cycle apart in a waveform


Input: [Define wavelength] Define Amplitude

Output: The intensity of the wave

the physical distance between two points exactly one cycle apart in a waveform


Input: [Define wavelength] What are the two types of meters that measure light?

Output: Incident Meters and Reflected meters

the physical distance between two points exactly one cycle apart in a waveform


Input: [Define wavelength] Define incident meters

Output: a measure of light coming directly from a source (recorded in LUMENS, LUX, or FOOTCANDLES)

the physical distance between two points exactly one cycle apart in a waveform


Input: [Define wavelength] What does a reflected meter measure

Output: light that bounces off of an object (expressed in FOOTLAMBERTS or NIT)

the physical distance between two points exactly one cycle apart in a waveform


Input: [Define wavelength] According to the Inverse Square Law, what happens when the distance from the light source is doubled?

Output: Perceived illumination decreases by 75%

the physical distance between two points exactly one cycle apart in a waveform


Input: [Define wavelength] The higher the color temperature the _____the light

Output: Bluer

the physical distance between two points exactly one cycle apart in a waveform


Input: [Define wavelength] The lower the color temperature the _____ the light

Output: Redder

the physical distance between two points exactly one cycle apart in a waveform


Input: [Define wavelength] Define ambient light

Output: any light in a presentation environment other than the light generated by the displayed image

the physical distance between two points exactly one cycle apart in a waveform


Input: Extracts data from the repository

Output: What is CC Server's function?

What can an adm edit to change the time in StorageScope?


Input: Store

Output: What CC Component can be installed in multiples?

What can an adm edit to change the time in StorageScope?


Input: Primary Only

Output: What replica classes are available in Clariion?

What can an adm edit to change the time in StorageScope?


Input: Notifies by e-mail

Output: What is a Alert Management Policy?

What can an adm edit to change the time in StorageScope?


Input: SRDF DEVICE Definition, Device Type Definition, Meta Device Configuration.

Output: Name 3 Symm DMX configuration tasks.

What can an adm edit to change the time in StorageScope?


Input: User, not User Groups

Output: Name 2 methods that give users additional permissions.

What can an adm edit to change the time in StorageScope?


Input: Relationship

Output: What is the view that shows the logical association between components?

What can an adm edit to change the time in StorageScope?


Input: Pulls the active zone from the SWITCH to CC.

Output: What is IMPORT ZONESET?

What can an adm edit to change the time in StorageScope?


Input: Pushes the planned zone set from CC to the SWITCH.

Output: What is ACTIVATE ZONESET?

What can an adm edit to change the time in StorageScope?


Input: Primary Primary + Local

Output: What replica classes are available for Symmetrix

What can an adm edit to change the time in StorageScope?


Input: Navisphere CLI Storage Agent

Output: What are the two requirements to perform Clariion RAID groups

What can an adm edit to change the time in StorageScope?


Input: Topology

Output: What view shows the physical connections in a SAN?


Input: Solutions Enabler Configure Options in CC

Output: Name 2 methods that create new devices in Symmetrix.

What can an adm edit to change the time in StorageScope?


Input: Collection of devices from many arrays used by SPS.

Output: What are storage pools?

What can an adm edit to change the time in StorageScope?


Input: in Windows

Output: How can an adm change the password of a user in Windows?

What can an adm edit to change the time in StorageScope?


Input: Solutions Enabler Symm Agent Symm Manager Licenese

Output: Name 3 requirements for Meta Devices in a Symmetrix.

What can an adm edit to change the time in StorageScope?


Input: Clariion HP

Output: What arrays can perform Device Masking?

What can an adm edit to change the time in StorageScope?


Input: Autofix Host Management Capabilities SPS

Output: What can the ARM license do?

What can an adm edit to change the time in StorageScope?


Input: Free Space View

Output: How do you view storage that has been allocated?

What can an adm edit to change the time in StorageScope?


Input: Loads data from the agents into the repository.

Output: What does the ECC Store function do?

What can an adm edit to change the time in StorageScope?


Input: Alert Managements Definitions

Output: How are data collection policies defined?

What can an adm edit to change the time in StorageScope?


Input: Access is pending.

Output: What does a blue highlighted volume mean?

What can an adm edit to change the time in StorageScope?


Input: Bind/Unbind LUNS, Create/Delete RAID Groups

Output: Name Clariion tasks.

What can an adm edit to change the time in StorageScope?


Input: Oracle, Clariion, and FCC

Output: Assisted Discovery Uses?

What can an adm edit to change the time in StorageScope?


Input: XML?

Output: ScopeScope uses


Input: Repository.

Output: Where is historical and current info about the manged environment stored?


Input: SAN Manager Licenese

Output: Autopathing requires:

What can an adm edit to change the time in StorageScope?


Input: Zoning and Masking

Output: Autopathing does

What can an adm edit to change the time in StorageScope?


Input: Windows, Solaris, HP, and IBM.

Output: What does the SPS host support?

What can an adm edit to change the time in StorageScope?


Input: Extend volume groups and logical groups.

Output: SPS does what?

What can an adm edit to change the time in StorageScope?


Input: ARM licenese

Output: SPS is enabled by

What can an adm edit to change the time in StorageScope?


Input: Create Storage Pool Allocate Devices into the Pool Create allocation Policy

Output: What are the three steps to successfully allocate storage within SPS?

What can an adm edit to change the time in StorageScope?


Input: Host, Symmetrix, SDM.

Output: What agents do Automated Discovory?

What can an adm edit to change the time in StorageScope?


Input: [all inputs are variable] at least one input must be fixed for it to be considered short run

Output: How many inputs are variable in the short run?

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] a variable that is measured in physical units

Output: What is a real variable?

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] a variable that is measured in terms of its current dollar value

Output: what is a nominal variable?

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] productivity

Output: What is a long run determinate of economic growth?

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] yes

Output: Do small differences in growth rates matter?

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] 70 ---- x x= the growth rate expressed as a whole number

Output: How do we figured out the doubling time of a countries average income?

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] Y= outpot (or GDP) L= number of workers (or labor hours) K=Capital Stock N= Natural resource stock H= Human K stock (skills and abilities aquired through education, training and experience) A= stock of technology

Output: Y=? L=? K=? N=? H=? A=?

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] an equation that describes the relationship between inputs in the production process AND the outputs from production Y=A f(L,K,N,H) f( )= function of

Output: what is the production function?

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] double outputs

Output: Assuming constant returns to scale, if you double inputs you...?

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] change in supply: "shift in the Supply curve" Change in quantity supplied: "movement along the supply curve"

Output: what is the difference of change in supply vs. change in quantity supplied?

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] The amount of unemployment that the economy experiences naturally -frictional unemployment -structural unemployment

Output: what is the natural rate of unemployment and what goes into it?

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] year to year fluxuations in unemployment around it's natural rate

Output: what is cyclical unemployment?

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] unemployment that reults from the times it takes workers to search for new jobs

Output: what is frictional unemployment?

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] Unemployment that results from there being less jobs available then people to work those jobs

Output: what is structural unemployment?

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] 1. Minimum wage 2. Unions and collective bargaining 3. efficiency wage 4. large charges in trades flows and partners

Output: What are 3 reasons for structural unemployment?

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] Bureu or Labor statistics

Output: what is the BLS?

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] 1. employed: includes all who have worked as paid employees, owned their own business or unpaid family workers part-time, full-time 2. Unemployed: not working, are available for work and have looked for work in the last four weeks (anyone over 16) 3. Out of Labor force: Retiress, college kids, housewives, or anyone who doesn't fall into categories 1 or 2

Output: What are the BLS categories?

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] sum of employed and unemployed

Output: what is the labor force?

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] it is the percent of the labor force that is unemployed # of unemployed -------------------------- X 100 labor force

Output: what is the unemployment rate and how do u calculate it?

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] Labor force ----------------- X 100 Population

Output: how do you calculate the labor force participation rate?

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] avoiding interaction with other countries

Output: what is an inward-oriented trade policy?

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] encouraging interaction with other countries.

Output: What is an outward-bound trade policy?

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] trade in some ways is a type of technology

Output: Free trade

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] 1. stretches natural resources thin 2. diluting the capital stock 3. promoting technological progress

Output: How does population growth interact with factors of production?

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] if you don't consume all your income, the rest is saved

Output: what is saving?

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] savers and borrowers

Output: what are the two types of people in ther world? (at least to the banks)

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] consists of the group institutions in the economy that help to match one persons saving with another persons investment

Output: what is the financial system?

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] -directly provide fund to borrowers -indirectly provide funds to borrowers

Output: Financial markets? Financial intermediaries?

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] The amount of money that remains in the economy after paying for conosumption and government purchases.

Output: what is government saving?

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] The amount of money spent on capital goods. -typically done b firms, some by households. goal of financial system is to line up borrowers and savers.

Output: What is government investment?

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] a decrease in quantity of investment stemming from a budget deficit.

Output: what is crowding out?

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] When a person wants to work full time but only works part time. BLS doesn't measure this when account for unemployment.

Output: what is underemployment? Does the BLS keep track of it?

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] one who has given up searching for work

Output: What is a discouraged worker?

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] one who is intentially unemployed

Output: what is shirking?

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] most spells of unemployment are short. Most of the unemployent is made up of few with long bouts.

Output: Describe unemployment spells

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] 1. minimum wage laws 2. efficiency wages 3. trade flow shifts

Output: What causes structural unemployment?

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] Unemployment= Labor supplied- Labor demanded

Output: What is the unemployment equation?

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] it is usually binding

Output: Is minimum wage usually a binding price floor?

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] 1. teenagers without highschool degrees 2. immigrants with low skill

Output: Who makes up most of unemployed?

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] act as a monopoly for labor suppliers

Output: what do unions do for labor force?

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] 1. increases in demand for labor 2. decreases in supply of labor

Output: what does real wage growth stem from?

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] real wages have grown for industrialized nations

Output: over that past 80 years how have real wages been affected?

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] 1. Real wages have been stagnant 2. employment has grown substantially

Output: have have real wages in the U.S. been over the last 40 years?

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] if Supply of labor icreases then labor rises and wage falls

Output: why has the real wage been stagnant and labor growing?

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] demand curve increases only slightly (if at all)

Output: does the demand curce increase because of stagnant productivity gains?

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: [all inputs are variable] 1. Globalization 2. skill-biased techonological change

Output: Why has there been real wage inequality increases?

Macro-economics Flashcards Flashcards - Cram.com

How many inputs are variable in the long run?


Input: How is SCORM used in Content Development?

Output: Promotes content development in four areas: (RAID) Reusable- content is reused in context without any modification Accessible- Content can be identified and located when needed Interoperable- Content will function in multiple applications, hardware, and software Durable- Content does not require modification to operate

HSMWSP MTS Study Domain Two Section A Flashcards - Cram.com

Provides comprehensive suite of e-learning capabilities that enables web-based learning content to be interoperable, accessible, and revisable.


Input: Describe reuse, repurpose, and reference as it applies to Navy Content Object Model (NCOM)

Output: Reuse- use of an existing object in a new learning event without any modification to its instructional treatment, context, or content. Repurpose- Use of an existing object in a new learning event with little to no modification Reference- Use of an existing object as an information source or resource for generating ideas for new learning events

HSMWSP MTS Study Domain Two Section A Flashcards - Cram.com

Provides comprehensive suite of e-learning capabilities that enables web-based learning content to be interoperable, accessible, and revisable.


Input: FIVE CONTENT types and how they are related to the enabling objective statements?

Output: Any enabling objective statement can be classified into one of five content types: (FCPPP) Facts- unique, specific information usually in the form of a statement Concepts- group of objects, ideas, or events represented by a single word or term and share common features Procedure- sequence of steps followed systematically to achieve a task or make a decision Process- flow of events that identify how something works Principle- directions that outline guidelines for action in which people must adapt the rules to various situations

HSMWSP MTS Study Domain Two Section A Flashcards - Cram.com

Provides comprehensive suite of e-learning capabilities that enables web-based learning content to be interoperable, accessible, and revisable.


Input: Describe enabling objective content use levels

Output: Content Use Level- degree of recognition and performance that a learner is expected to display after completing training Remember Use Level- the learner recognizes and recalls information Apply Use Level- requires the learner to apply information to accomplish a task or solve a problem

HSMWSP MTS Study Domain Two Section A Flashcards - Cram.com

Provides comprehensive suite of e-learning capabilities that enables web-based learning content to be interoperable, accessible, and revisable.


Input: Describe metadata and its capabilites

Output: Provides a common nomenclature enabling learning resources to be described in a common way. Catalogued by: Content- describes learning object's subject matter, which facilitates searching Context- data which describes why and where the learning object exists and how and by whom it was created; helps to manage the learning object Structure- data that describes the relationship between learning objects, which facilitates searching and object assembly

HSMWSP MTS Study Domain Two Section A Flashcards - Cram.com

Provides comprehensive suite of e-learning capabilities that enables web-based learning content to be interoperable, accessible, and revisable.


Input: Key precepts of ILE information architecture to include Navy Content Object Model (NCOM), Sharable Content Object Reference Model (SCORM), ELOs, and TLOs?

Output: Navy's implementation of the Advanced Distibuted Learning's SCORM is the NCOM NCOM builds on established SCORM pinciples and facilitates the implementation of SCORM NCOM gives meaning to assets, ELOs, and TLOs

HSMWSP MTS Study Domain Two Section A Flashcards - Cram.com

Provides comprehensive suite of e-learning capabilities that enables web-based learning content to be interoperable, accessible, and revisable.


Input: What is a Job Task Analysis (JTA)?

Output: Provides the framework for the ILE to define job/position requirements for needed knowledge, skills, and abilities

HSMWSP MTS Study Domain Two Section A Flashcards - Cram.com

Provides comprehensive suite of e-learning capabilities that enables web-based learning content to be interoperable, accessible, and revisable.


Input: Contrast Level 1 and 2 JTA data?

Output: Level 1 is defined by Rating (the job being performed) Level 2 is defined by position within that rating (equates to a billet)

HSMWSP MTS Study Domain Two Section A Flashcards - Cram.com

Provides comprehensive suite of e-learning capabilities that enables web-based learning content to be interoperable, accessible, and revisable.


Input: Where are technical specifications, Extensible Markup Language (XML) specifications, and NMCI Core Build Requirements

Output: ILE and NMCI websites

HSMWSP MTS Study Domain Two Section A Flashcards - Cram.com

Provides comprehensive suite of e-learning capabilities that enables web-based learning content to be interoperable, accessible, and revisable.


Input: What are the three educational domains discussed in the Navy ILE Learning Objective Statements (NLOS) Specifications and Guidance? Name the main verb categories attributed to each

Output: Cognitive (Mental Capacities): evaluation, comprehension, and knowledge Affective (Attitudinal Capabilities): characterizing, valuing, and responding Psychomotor (Physical Capabilities): imitation, articulation, and manipulation

HSMWSP MTS Study Domain Two Section A Flashcards - Cram.com

Provides comprehensive suite of e-learning capabilities that enables web-based learning content to be interoperable, accessible, and revisable.


Input: Types of questions used for each Content Use Level?

Output: Remember Use Content Level- assess if a learner is able to recognize and recall information Apply Use Level- questions used to assess a learner on the performance of procedures taught

HSMWSP MTS Study Domain Two Section A Flashcards - Cram.com

Provides comprehensive suite of e-learning capabilities that enables web-based learning content to be interoperable, accessible, and revisable.


Input: The PHASES of the Instructional Design Process?

Output: (ADDIE) Analyze- identify required level of proficiency, critical tasks, knowledge, and skill set required Design- proof of concept prototype is designed, Navy has tested and accepted the design for the content Development- translate inputs from the analysis and design phases into courseware products Implementation- Effective and efficient delivery of instruction Evaluation- measure the effectiveness and efficiency of the instructional content and the application of knowledge in the workplace

HSMWSP MTS Study Domain Two Section A Flashcards - Cram.com

Provides comprehensive suite of e-learning capabilities that enables web-based learning content to be interoperable, accessible, and revisable.


Input: states that if we vary one of the inputs, keeping all other inputs as well as the technological level constant, then, at least after some point, successive additional units of the variable input will add less and less to the Total output. That is, the Marginal Product of each additional unit of the variable input will decrease as the amount of that input increases, all else equal.

Output: what is The Law of Diminishing Returns


Input: is defined as a period of time in which only the variable inputs, such as labor and materials, could be adjusted.

Output: What is the Short Run


Input: is defined as a period of time in which all inputs, including fixed factors, such as capital, could be adjusted.

Output: what is the Long Run


Input: are the costs that the firm has to pay even is it does not produce anything. Fixed costs do not depend on the level of output produced

Output: What are Fixed Costs (FC)


Input: resents the total amount of money spent in al l the inputs required for the a business firm on order to produce a given level of output.

Output: What does the Total Cost (TC) represent?


Input: are the costs that vary and are directly related to output

Output: What are Variable Costs, (VC)


Input: as the additional expenditure that a firm has to incur in order to produce one more unit of output.

Output: what is Marginal Cost (MC)


Input: the ratio between the Total cost and the quantity produced. AC = TC/Q

Output: What is Average Cost


Input: is defined as the ratio between fixed costs and quantity of output produced: AFC = FC/Q

Output: What is Average Fixed Cost (AFC)


Input: is defined as the ratio between fixed costs and quantity of output produced: AVC = VC/Q

Output: what is Average Variable Cost (AVC)


Input: is a statement of the financial condition of the firm at a certain point of time. It lists the Assets of the firm (things that the firm owns), the Liabilities of the firm (things that the firm owes), and the Net Worths of the firm (the difference between assets and liabilities): Net Worth = Assets - Liabilities

Output: What is The Balance Sheet


Input: is a statement of the financial performance of the firm over a certain period of time. It lists the Revenue of the firm, the Costs of the firm, and the Profits of the firm, which are defined as difference between the revenue and the costs. Profits = Revenue −Costs The Income Statement is a statement of the financial performance of the firm over a certain period of time. It lists the Revenue of the firm, the Costs of the firm, and the Profits of the firm, which are defined as difference between the revenue and the costs. Profits=Revenue −Costs

Output: What is The Income Statement


Input: is defined as a market setting involving large number of profit-maximizing firms that sel l a homogeneous product and cannot individually affect the market price. Furthermore, free entry and exit are assumed in a perfectly competitive market structure.

Output: What is Perfect Competition


Input: prevails in an industry where individual sel lers have some control over the price of their output.

Output: When does Imperfect competition happen


Input: when a single firm is the sole producer of a product for which there are no close substitutes.

Output: When does Monopoly exists?


Input: when a few large firms producing a homogeneous or differentiated product dominate a market.

Output: When does Oligopoly exists


Input: is a market structure in which a relatively large number of sellers offer similar but not identical products.

Output: What is Monopolistic competition


Input: are the factors that prevent new firms from entering an industry.

Output: What are Barriers to entry


Input: is a group of producers that creates a formal written agreement specifying how much each member will produce and charge. Such as OPEC

Output: What are cartels


Input: occurs when a given product is sold at more than one price and the price differences are not based on cost differences.

Output: What is price discrimination


Input: [1] Presbyopia [2]

Output: An age related decreased ability to focus on near objects


Input: [1] Cataracts [2]

Output: Clouding of the lens


Input: [1] Glaucoma [2]

Output: Accumulation of fluid inside the eye that exerts pressure on the optic nerve, eventually causing blindess


Input: [1] Macular Degeneration [2]

Output: A gradual loss of acute, central, and color vision in the elderly


Input: [1] Vertigo [2]

Output: Dizziness


Input: [1] Tinnitus [2]

Output: Ringing in the ears


Input: [1] Otitis Media [2]

Output: Infection of the middle ear


Input: [1] Meniere's Disease [2]

Output: Chronic disease of the inner ear


Input: [1] Hearing Loss [2]

Output: Difficulty hearing normal conversations


Input: [1] Presbycusis [2]

Output: Inability to hear high frequency sounds


Input: [1] Confusion [2]

Output: Being perplexed or disconcerted


Input: [1] Delirium [2]

Output: An acute mental disturbance characterized by confused thinking and disrupted attention usually accompanied by disordered speech and hallucinations


Input: [1] Dementia [2]

Output: Usually a progressive condition marked by deteriorated cognitive funtioning often accompanied by emotional apathy... Has a poor prognosis


Input: [1] Depression [2]

Output: Psychoneurotic or psychotic disorder characterized by sadness, inactivity, difficulty in thinking and concentration, a significant increase or decrease in appetite and time spent sleeping, feelings of dejection and hopelessness, and sometimes suicidal tendencies


Input: [1] Mental Health [2]

Output: A state of mind in which the person copes with and adjusts to the stresses of everyday living by behaving in ways acceptable to society


Input: [1] Defense Mechanisms [2]

Output: Unconscious relations that block unpleasant or threatening feelings


Input: [1] Mental Illness [2]

Output: A disturbance in the ability to cope or adjust to stress; behavior and function are impaired


Input: [1] Anxiety [2]

Output: A vague, uneasy feeling in response to stress


Input: [1] Stress [2]

Output: A response or change in the body caused by an emotional, physical, social, or economic factor


Input: [1] Prosthesis [2]

Output: The replacement of a missing body part by an artificial substitute


Input: [1] Adaptive Behavior [2]

Output: The ability to cope with problems in ways considered appropriate by society


Input: [1] Maladaptive Behavior [2]

Output: Behavior used to cope with a feelings and situations that are considered inappropriate to society


Input: [1] Neglect [2]

Output: Giving insufficient attention, respect and care to someone who has a claim to that attention


Input: [1] Tumor [2]

Output: A new growth of abnormal cells


Input: [1] Benign [2]

Output: Do not usually cause death


Input: [1] Malignant [2]

Output: Cancerous and death can occur if not treated or controlled


Input: [1] Carcinomas [2]

Output: Arise from epithelial tissue. Can occur in the coverings of body parts


Input: [1] Sarcomas [2]

Output: Arise in connective tissue. Can occur in bone, muscle, cartilage, and other types of connective tissue. Tend to affect primarily young people and metastasize rapidly


Input: [1] Febrile [2]

Output: With fever


Input: [1] Afebrile [2]

Output: Without fever


Input: [1] Thready Pulse [2]

Output: A weak and rapid pulse


Input: [1] Bounding Pulse [2]

Output: An unusually strong pulse


Input: [1] Arrhythmia [2]

Output: A pulse with irregular rhythm


Input: [1] Dyspnea [2]

Output: Labored or difficult breathing


Input: [1] Oral Temperature [2]

Output: 98.6


Input: [1] Rectal Temperature [2]

Output: 99.6


Input: [1] Axillary [2]

Output: 97.6


Input: [1] Tympanic [2]

Output: 98.6


Input: [1] Adult Respiration Rate [2]

Output: 12-20 bpm


Input: [1] Children Respiration Rate [2]

Output: 20-40 bpm


Input: [1] Infant Respiratory Rate [2]

Output: 25-40 bpm


Input: [1] Orthostatic Hypotension [2]

Output: Occurs when the blood pressure decreases rapidly in relation to position changes from lying to sitting or standing


Input: [1] Active Exercise [2]

Output: Exercises performed by the patient


Input: [1] Continuous Passive Motion (CPM) [2]

Output: Exercises that are performed by motorized exercise machinery that keeps a joint in constant slow motion


Input: [1] Contracture [2]

Output: A permanently flexed joint that occurs with shortened muscle tissue


Input: [1] Circumduction [2]

Output: The circular movement of a limb


Input: [1] Dorsal Recumbent [2]

Output: A position where the patient is lying supine with the knees flexed


Input: [1] Footboard [2]

Output: A board placed at the foot of the bed that supports the feet at right angles to the body


Input: [1] High-Fowlers [2]

Output: A position that results from raising the head of the bed to a 90 degree angle


Input: [1] Lithotomy [2]

Output: A position where the patient is lying supine with the knees and hips flexed


Input: [1] Low-Fowlers [2]

Output: A position that results from the raising the head of the bed to a 30 degree angle


Input: [1] Passive Exercises [2]

Output: Exercises that are performed by the Corpsman/Technician when the patient is unable to mvoe a body part independently


Input: [1] Range of Motion (ROM) [2]

Output: THe degree to which a joint is moved by flexion and extension; defined by the degrees of a circle


Input: [1] Semi-Fowlers [2]

Output: A position that results from raising the head of the bed to a 45 degree angle


Input: [1] Sim's [2]

Output: A side-lying position that has the patient on either side with the top leg flexed up toward the abdomen


Input: [1] Closed Reduction [2]

Output: Realigning a broken bone by manual manipulation without incisions


Input: [1] Fiberglass [2]

Output: Composite structural material of plastic and fiberglass that is used in casting for children and elderly for light weight properties


Input: [1] Open Reduction [2]

Output: Realigning a broken bone through surgery with incisions


Input: [1] Orthopedics [2]

Output: The branch of medicine that is concerned with the correction or prevention of skeletal deformitites


Input: [1] Pressure Pint [2]

Output: Areas on the skin where the cast has been indented or pushed in that may cause sores and skin breakdown


Input: [1] Pressure Ulcer [2]

Output: A sore caused by pressure or rubbing against something for a period of time


Input: [1] Reduction [2]

Output: A procedure used to reposition the ends of a broken bone


Input: [1] Stockinet [2]

Output: A soft, elastic, usually cotton fabric used especially for bandages and infants' wear


Input: area between free gingiva and tooth [what is free gingiva]

Output: what is the sulcus


Input: the alveolus and periodontal ligaments [what is free gingiva]

Output: what holds a tooth in place


Input: cementum [what is free gingiva]

Output: _________ attaches periodontal ligaments to the tooth


Input: oral disease [what is free gingiva]

Output: the most common condition in cats over 7 years is ___________


Input: states that the canine tooth is always designated 04 and first molar 09 [what is free gingiva]

Output: what is the rule of 4 and 9


Input: normally, cusp of mandibular incisors rests on a ledge of palatal side of maxillary incisors (called the cingulum) [what is free gingiva]

Output: describe the scissor bite


Input: space between 2 adjacent teeth that are not in contact with each other in an arch [what is free gingiva]

Output: what is diastema


Input: treatment of disease that effect the tooth pulp and apical periodontal tissue [what is free gingiva]

Output: what is endodontics


Input: extraction of teeth and related procedures [what is free gingiva]

Output: exodontics


Input: surgery of oral cavityu [what is free gingiva]

Output: oral surgery


Input: guidance and correction of malocclusion [what is free gingiva]

Output: orthodontics


Input: study and treatment of disease of teeth and supporting tissues [what is free gingiva]

Output: periodontics


Input: construction of appliances designed to replace missing teeth [what is free gingiva]

Output: prosthodontics


Input: restoration of form and function of teeth [what is free gingiva]

Output: restorative/operative dentistry


Input: absence of teeth [what is free gingiva]

Output: adontia


Input: baby teeth remain in the outh [what is free gingiva]

Output: persistant primary teeth


Input: process of extracting primary teeth to prevent orthodontic malocclusion [what is free gingiva]

Output: what is interceptive orthodontics


Input: malalignment of teeth [what is free gingiva]

Output: what is orthodontic disease


Input: overall normal occlusions except one or 2 teeth are out of alignment [what is free gingiva]

Output: describe a class one malocclusion and name 3 types


Input: one or more incisors are malaligned [what is free gingiva]

Output: anterior crossbite


Input: maxillary premolars are lingual to the mandibular premolars or molars [what is free gingiva]

Output: posterior crossbite


Input: structural narrowing of the mandible -eruption of canines in an overly upright position [what is free gingiva]

Output: base narrow canines


Input: mandible is shorter than normal [what is free gingiva]

Output: describe a class 2 malocclusion


Input: mandibular prognathism -mandible is too long and may become bowed maxillary brachygnathism -shortened maxilla -maxillary teeth are rotated as a result of crowding example: wry bite [what is free gingiva]

Output: describe a class 3 malocclusion and name a type


Input: central incisors of mandible and maxilla do no align evenly [what is free gingiva]

Output: what is wry bite


Input: inflammation of the gingiva caused by bacterial plaque [what is free gingiva]

Output: what is gingivitis


Input: extremely red and inflamed tissue with a cobblestone appearance [what is free gingiva]

Output: what is feline stomatitis and faucitis


Input: results from friction of teeth against each other [what is free gingiva]

Output: what is attrition


Input: ameloblasts create enamel; if debilitated, they no longer produce enamel -crown no longer has a shiny surface; its dull and susceptible to flaking [what is free gingiva]

Output: describe enamel hypoplasia and how it occurs


Input: [Financial Planning] Values

Output: fundamental beliefs that define your financial success

managing income and wealth continuously through life to meet financial goals


Input: [Financial Planning] Financial Goals

Output: specific objectives to be attained through financial planing and management efforts

managing income and wealth continuously through life to meet financial goals


Input: [Financial Planning] Financial Strategies

Output: guide your financial success

managing income and wealth continuously through life to meet financial goals


Input: [Financial Planning] Financial Statements

Output: measure your financial heath and progress

managing income and wealth continuously through life to meet financial goals


Input: [Financial Planning] Balance Sheet

Output: measure your net worth

managing income and wealth continuously through life to meet financial goals


Input: [Financial Planning] Components of a Balance Sheet?

Output: Assets - Liabilities = Net Worth

managing income and wealth continuously through life to meet financial goals


Input: [Financial Planning] Assets

Output: what is owned

managing income and wealth continuously through life to meet financial goals


Input: [Financial Planning] Monetary Assets

Output: liquid assets or cash equivalents

managing income and wealth continuously through life to meet financial goals


Input: [Financial Planning] Liabilities

Output: what is owed

managing income and wealth continuously through life to meet financial goals


Input: [Financial Planning] Cash Flow Statement

Output: tracks where your money came from and went (Income - Expenses)

managing income and wealth continuously through life to meet financial goals


Input: [Financial Planning] Fixed Expenses

Output: stay much the same from month to month

managing income and wealth continuously through life to meet financial goals


Input: [Financial Planning] Variable Expenses

Output: change from month to month

managing income and wealth continuously through life to meet financial goals


Input: [Financial Planning] Basic Liquidity Ratio

Output: number of months you could meet expenses using only monetary assets if all income is ceased

managing income and wealth continuously through life to meet financial goals


Input: [Financial Planning] Liquidity

Output: the speed and ease with which an asset can be converted into cash

managing income and wealth continuously through life to meet financial goals


Input: [Financial Planning] Asset to Debt Ratio

Output: compares total assets with total liabilities

managing income and wealth continuously through life to meet financial goals


Input: [Financial Planning] Debt to Service Income Ratio

Output: compares total dollars spent on gross annual debt

managing income and wealth continuously through life to meet financial goals


Input: [Financial Planning] Debt Payments to Disposable Income Ratio

Output: divides monthly disposable personal income into monthly debt repayments

managing income and wealth continuously through life to meet financial goals


Input: [Financial Planning] Disposable Income

Output: income after subtracting withholdings for taxes and insurance

managing income and wealth continuously through life to meet financial goals


Input: [Financial Planning] Investment Assets to Total Assets Ratio

Output: compares investment asset value with total assets

managing income and wealth continuously through life to meet financial goals


Input: [Financial Planning] Financial Records

Output: documents that evidence financial transactions

managing income and wealth continuously through life to meet financial goals


Input: [Financial Planning] Budget

Output: a paper or electronic document used to record both planned and actual income and expenditures over a period of time

managing income and wealth continuously through life to meet financial goals


Input: [Financial Planning] Past Present Future of Financial Statements

Output: Cash Flow Statement (PAST) Balance Sheet (PRESENT) Budget (FUTURE)

managing income and wealth continuously through life to meet financial goals


Input: [Financial Planning] Take Home Pay

Output: pay received after employer withholdings from taxes, insurance and union dues

managing income and wealth continuously through life to meet financial goals


Input: [Financial Planning] Cash Flow Calendar

Output: budgets estimates for monthly income and expenses

managing income and wealth continuously through life to meet financial goals


Input: [Financial Planning] Revolving Savings Fund

Output: variable budgeting tool that places funds in savings to cover emergency or higher than usual expenses

managing income and wealth continuously through life to meet financial goals


Input: [Financial Planning] Budget Variance

Output: difference between amount budgeted and actual amount spent or received

managing income and wealth continuously through life to meet financial goals


Input: [Financial Planning] Record Keeping

Output: recording sources and amounts of dollars earned and spent

managing income and wealth continuously through life to meet financial goals


Input: brand manager

Output: manages the marketing efforts for a close-knit family of products or brands

MKT 291 Chapter 11 Flashcards - Cram.com


Input: product modification

Output: altering a product's characteristic to increase product's valueoto custoemrs and increase sales

MKT 291 Chapter 11 Flashcards - Cram.com


Input: market modification

Output: tries to find new customers, increase a product's use among existing customers, create new use situaiotn

MKT 291 Chapter 11 Flashcards - Cram.com


Input: product repositioning `

Output: changes the place a product occupies in a consumer's mind relative to competitive products

MKT 291 Chapter 11 Flashcards - Cram.com


Input: trading up

Output: adding value to the product through additional features or higher-quality materials

MKT 291 Chapter 11 Flashcards - Cram.com


Input: trading down

Output: reducing the nubmer of features, quality, or price

MKT 291 Chapter 11 Flashcards - Cram.com


Input: reducing the package content without changing package size and maintain or increasing the pacakge price

Output: downsizing

MKT 291 Chapter 11 Flashcards - Cram.com


Input: -should suggest product benefits -should be memroable, distinctive, and positive, -should fit the company or product image -should have no legal or regulatory restrictions -should be simple

Output: Picking a good brand name

MKT 291 Chapter 11 Flashcards - Cram.com


Input: 1. multiproduct branding 2. multi-branding 3. private branding 4. mixed branding

Output: Brand strategies

MKT 291 Chapter 11 Flashcards - Cram.com


Input: company uses one name for all its products in a product class -product line extensions: using a current brand name to enter a new market segment -brand extension: using a curren brand name to enter a different product class

Output: multiproduct branding

MKT 291 Chapter 11 Flashcards - Cram.com


Input: invovles giving each product a distinct name

Output: Multi-branding

MKT 291 Chapter 11 Flashcards - Cram.com


Input: manufactures products but sells them under the brand name of a wholesaler or retailer

Output: Private branding

MKT 291 Chapter 11 Flashcards - Cram.com


Input: firm markets products under its own name and that of a resller because the segment attracted to the reseller is different from its own market

Output: mixed branding

MKT 291 Chapter 11 Flashcards - Cram.com


Input: [Heart failure] heart failure,pump failure

Output: When the heart muscle (myocardium) weakens and enlarges, it loses it's ability to pump blood through the heart and into systemic circulation. This is called

Cardiac Glycosides,Antianginals, and Antidysrhythmics Flashcards - Cram.com

Digitalis preparations have come to be known for their effectiveness in treatiing


Input: [Heart failure] CHF

Output: When the compensatory mechanisms fail and the peripheral and lung tissues are congested . This is called

Cardiac Glycosides,Antianginals, and Antidysrhythmics Flashcards - Cram.com

Digitalis preparations have come to be known for their effectiveness in treatiing