TMGT 3337 Chapter Notes -Marginal Revenue, Adverse Selection, Moral Hazard

After reading the attached article, your job is to provide a very brief summary, analysis, and evaluation. We can define these important concepts as follows:

• Summary- A formal, logical, consistent way of highlighting the main points.
  • Purpose:
    • In school - to quickly and accurately describe something you have read
    • In professional life - to provide a faster-to-read version of the material to other readers
    • In personal life - to reflect as accurately as possible on people, events, and one's memories of them.
• Analysis- A taking apart of something to show its parts or pieces, often using a special system, theory, or set of theories.
  • Purpose:
    • In school - to think more about a subject and/or to apply the methods of an academic discipline to a specific text
    • In professional life - to apply a system or idea to a specific situation so that others understand how to use something
    • In personal life - to examine one's own thoughts, actions, and motives logically and consistently from a variety of perspectives.
• Evaluation- A judgment of the value of a text to society or the quality of the way it is argued or organized.
  • Purpose:
    • In school - to show how well or poorly something has been done, or its effects on others beyond its main ideas
    • In professional life - to help decide who to hire, how well people are doing, and the quality and style of your own work
    • In personal life - to look not so much at the contents of one's own thinking and acting, but rather at the quality and value of that thinking and acting.

Each response should be no less than 500 words and no more than 750 words. You should provide in-text citations (APA style) and a reference page (APA style).

Attachments

• Why Brilliant Minds Like Jeff Bezos Embrace the Simple Rule of Scope

36) Which of the following best describes the term standard of living? a) total quantity and quality of goods and services that a country's citizens can purchase with the currency used in their economic system total quantity of goods and services produced by an economic system the overall quality of life produced by an economic system total value of all goods and services produced by a national economy within a given period, regardless of where the factors of production are located