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IRP: Week Two Worksheet
The Wal-Mart Effect
Chapters 3 and 4, pages 51 – 97
1. Who is Jon Fleck and what is “Makin Bacon”?
2. What is it about Jon Fleck’s relationship with Wal-Mart that
allows him to be successful?
3. List and briefly describe three of Wal-Mart’s “partners” or
supply companies.
4. How would you describe the relationship between the
suppliers mentioned in Chapter 3 and Wal-Mart?
5. What are pallets and what did Wal-Mart like about them?
6. What is the main idea of Chapter Three? Please explain in
detail.
7. Chapter four starts out with a story about the gallon jar of
pickles. What point is the author trying to illustrate with the
price of these pickles at Wal-Mart?
8. List three companies that have felt the Wal-Mart “squeeze”.
Briefly explain what happened to these companies.
9. What point is the author trying to make in the first part of
Chapter four?
CH-15/E15-15.JPG
CH-15/E15-3.JPG
CH-15/E15-7.JPG
CH-15/P15-3/P15-03.xls
Pr. 15-3Problem 15-3* represents an incorrect N answer
=COUNTIF(A14:H27,"~*")Name:0Section:" " represents an
unanswered N box - counts as an incorrect.
=COUNTIF(A14:H27," ")49Score:0%" " represents a correct
blank answer or N answer =COUNTIF(A14:H27," ")0Key
Code:2Total SUM(AV13:AV15)Instructions49Answers are
entered in the cells with gray backgrounds.Percentage
=AD6/AD8Cells with non-gray backgrounds are protected and
cannot be edited.0%A red asterisk (*) will appear beside, below
or above an incorrect answer.Notes:" " represents an
unanswered N box - counts as an incorrect." " represents a
correct blank answer or N answer1.Total number of answers =
sum of aboveProduct Line ExpansionConditional formatting
might be used but wasn't here, to hide some of the error check
return symbols. If A1 = "~*", then font = red, if something else,
then font = background color.YearPresent Value of $1 at 15%
Factor´Net Cash Flows=Present Value of Net Cash
Flows1Steps:2Open this sheet and macro sheet3Open old
templated, then change color palet to this sheet'sTotalInsert new
header - change problem number and reformatAmount to be
investedCopy these formulas (column AD) to new sheet.Net
present valueUpdate to new edition's names and numbersCopy
new error check formulas. For N-
boxes=IF(sol.!$C$5="OFF","",IF(AC25="","
",IF(AC25<>sol.!AC25,"*"," ")))Computer System
UpgradeYearPresent Value of $1 at 15% Factor´Net Cash
Flows=Present Value of Net Cash Flows1For B-
Boxes2=IF(sol.!$C$5="OFF","",IF(AC30<>sol.!AC30,"*","
"))3TotalCopy Score formula from this template to new
sheet.Amount to be
invested=IF(sol.!$C$5="OFF","","Score:")=IF(sol.!$C$5="OFF
","",AD10)Net present value=IF(sol.!$C$5="OFF","","*Since
some answer boxes are correct when left blank, the beginning
score is greater than 0%.")Internet Bill-PayYearPresent Value
of $1 at 15% Factor´Net Cash Flows=Present Value of Net Cash
Flows123TotalAmount to be investedNet present value2.Present
Value Index=Total Present Value of Net Cash FlowsAmount to
Be InvestedPresent value index of product line:=0.00Present
value index of computer system:=0.00Present value index of
Internet bill-pay:=0.003.Indicate which of the following
statements are true (T) and which are false (F).a. The computer
system upgrade has the largest present value indexb. The
product line expansion has the largest net present valuec. The
computer system upgrade returns less present value per dollar
investedthan does the product line expansion.d. Because the
present value index for the Internet bill-pay is less than 1,it
does not meet the minimum rate of return standard.
Enter present value factors rounded to 3 decimal places.
Enter present value factors rounded to 3 decimal places.
Enter present value factors rounded to 3 decimal places.
The answer will appear here when the correct numbers are
entered in the formula.
The answer will appear here when the correct numbers are
entered in the formula.
The answer will appear here when the correct numbers are
entered in the formula.
Enter the investment amount as a negative
Enter the investment amount as a negative
Enter the investment amount as a negative
sol.Problem 15-3* represents an incorrect N answer
=COUNTIF(A14:H27,"~*")Name:SOLUTION0Section:" "
represents an unanswered N box - counts as an incorrect.
=COUNTIF(A14:H27," ")Score:See student sheet for student's
score0Scoring:ON" " represents a correct blank answer or N
answer =COUNTIF(A14:H27," ")0Total
SUM(AV13:AV15)Instructions0Answers are entered in the cells
with gray backgrounds.Percentage =AD6/AD8Cells with non-
gray backgrounds are protected and cannot be edited.0%A red
asterisk (*) will appear beside, below or above an incorrect
answer.Notes:" " represents an unanswered N box - counts as
an incorrect." " represents a correct blank answer or N
answer1.Total number of answers = sum of aboveProduct Line
ExpansionConditional formatting might be used but wasn't here,
to hide some of the error check return symbols. If A1 = "~*",
then font = red, if something else, then font = background
color.YearPresent Value of $1 at 15% Factor´Net Cash
Flows=Present Value of Net Cash Flows10.870$ 490,000$
426,30020.756455,000343,98030.658420,000276,360Total$
1,365,000$ 1,046,640Amount to be invested(980,000)Net
present value$ 66,640Computer System UpgradeYearPresent
Value of $1 at 15% Factor´Net Cash Flows=Present Value of
Net Cash Flows10.870$ 350,000$
304,50020.756315,000238,14030.658280,000184,240Steps:Tota
l$ 945,000$ 726,880Open this sheet and macro sheetAmount
to be invested(665,000)Insert new header - change problem
number and reformatNet present value$ 61,880Copy these
formulas (column AD) to new sheet.Internet Bill-
PayYearPresent Value of $1 at 15% Factor´Net Cash
Flows=Present Value of Net Cash Flows10.870$ 224,000$
194,88020.756154,000116,42430.658112,00073,696Total$
490,000$ 385,000Amount to be invested(392,000)Net present
value$ (7,000)2.Present Value Index=Total Present Value of
Net Cash FlowsAmount to Be InvestedPresent value index of
product line:$1,046,640=1.07$980,000Present value index of
computer system:$726,880=1.09$665,000Present value index of
Internet bill-
pay:$385,000=0.98$392,000=IF(sol.!$C$5="OFF","","Score:")=
IF(sol.!$C$5="OFF","",AD10)3.Indicate which of the following
statements are true (T) and which are false (F).a. The computer
system upgrade has the largest present value indexTb. The
product line expansion has the largest net present valueTc. The
computer system upgrade returns less present value per dollar
investedthan does the product line expansion.Fd. Because the
present value index for the Internet bill-pay is less than 1,it
does not meet the minimum rate of return standard.T
Enter present value factors rounded to 3 decimal places.
Enter present value factors rounded to 3 decimal places.
Enter present value factors rounded to 3 decimal places.
The answer will appear here when the correct numbers are
entered in the formula.
The answer will appear here when the correct numbers are
entered in the formula.
The answer will appear here when the correct numbers are
entered in the formula.
Enter the investment amount as a negative
Enter the investment amount as a negative
Enter the investment amount as a negative
CH-15/P15-3/P15-3.JPG
IRP: Week Three Worksheet
The Walmart Effect
Chapter 4 and Chapter 5, pages 97 through 136
1. Who is Sherrie Ford and why was she hired by Welch’s juice
and jellies factory in Lawton, Michigan?
2. On page 103 in the 3rd paragraph, Steve Dobbins says, “We
are shopping ourselves out of jobs.” What does he mean?
3. In the second half of Chapter 4, Fishman discusses two
negative effects of Wal-Mart’s low prices. Describe these
effects and give one example for each of them.
4. Jim Weir, the CEO of Snapper Inc. says that many suppliers
are “addicted” to Walmart volume. What does this mean?
5. The book describes the “flip side of the Walmart effect that
Carolina Mills, Black & Decker and L.R. Nelson had. What is
the “high cost of low prices”?
6. What problem do high end product manufacturers have when
doing business with Wal-Mart?
7. Who is the man who said no to Wal-Mart? What does he
“said no to Walmart” mean?
8. Describe in detail the “Snapper” products. Try to answer the
following questions. What are they? How are they made? How
much do they cost? What kind of quality are they? Where can
you buy them?
9. At the end of Chapter 5, Jim Wier goes to Bentonville,
Arkansas for a meeting with Walmart. Briefly describe what
happens at that meeting.
10. What are the two ways retailers can compete with Wal-
Mart?
IRP: Week Six Worksheet
The Walmart Effect
Epilogue and Afterward, pages 249 - 283
1. In the Epilogue, there are dialogues between five women
who worked at Nelson: Sally Stone, Mary
Fail, Rose Dunbar, Terri Graham, and Vickie Black. Briefly
tell each of the women’s stories as
expressed through these dialogues.
2. Why do you suppose Fishman provided these actual dialogues
at the end of the book? What impact is he
trying to make?
3. Why do you think that Wal-Mart decided to invite Mr.
Fishman to their headquarters?
4. Why does Fishman say on page 265 that “Wal-Mart is
worried.”?
5. From October 2005 to May 2006, Wal-Mart made a great
many announcements on what new initiatives they
had plan. List and describe 6 of them.
6. Does Fishman believe that all these changes Wal-Mart has
announced will be made? And it they are, will they
last?
7. What do you think is Fishman’s overall feeling about Wal-
Mart? Please explain in detail.
IRP: Week Four Worksheet
The Walmart Effect
Chapter 6 and 7, pages 137 through 195
1. Who is Emek Basker and what are the two simple questions
about Walmart that she wanted to find
the answers to?
1. What type of problems did Basker have when trying to find
answers to these two questions?
3. Did Basker ever find answers to her questions? What did she
discover after examining Walmart?
4. Who is Jerry Hausman? What is his specific problem with
Walmart?
5. Who is Ken Stone? What aspects of Walmart has he studied?
What are his two “rules of thumb”
about merchants competing with Walmart?
6. Who is Stephan Goetz and what did his study of Walmart
uncover?
7. Why does Fishman discuss salmon? Does he view the salmon
industry as a negative or positive
influence on society? Why or why not?
8. Does Fishman believe that Walmart could play a positive
role in regards to the salmon industry?
If so, what is that role?
9. Describe the conditions in some of the overseas factories
where Walmart clothing is made.
10. Do you think that Walmart does a good job of overseeing
the overseas factories where much of their
clothing is made? Explain why or why not.
IRP: Week Five Worksheet
The Walmart Effect
Chapter 8 and 9, pages 197 through 247
1. What point is the author trying to make when he compares
the rice of the Alpha Keri rich Oil with the price
of the green beans?
2. List three statistics regarding the amount of money Walmart
saves.
3. What does Fishman say about Americans and their
relationship with frugality?
4. Describe the actual shopping experience at Walmart. Would
you consider it positive? Why or why not?
5. Keven Roberts claims Walmart is not “lovable”. What does
he mean and why does he say that?
6. What is Walmart doing to improve its image? Do you think it
is working?
7. What are the three types of Walmart shoppers as defined by
Foote Cone & Belding? Briefly describe each
one.
8. What has Walmart always promised to do? Have they
followed through with their promise?
9. What are some of the criticisms that opponents of Walmart
have made?
10. What is Walmart’s effect on World Capitalism?

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IRP  Week Two WorksheetThe Wal-Mart EffectChapters 3 and .docx

  • 1. IRP: Week Two Worksheet The Wal-Mart Effect Chapters 3 and 4, pages 51 – 97 1. Who is Jon Fleck and what is “Makin Bacon”? 2. What is it about Jon Fleck’s relationship with Wal-Mart that allows him to be successful? 3. List and briefly describe three of Wal-Mart’s “partners” or supply companies. 4. How would you describe the relationship between the suppliers mentioned in Chapter 3 and Wal-Mart? 5. What are pallets and what did Wal-Mart like about them? 6. What is the main idea of Chapter Three? Please explain in detail.
  • 2. 7. Chapter four starts out with a story about the gallon jar of pickles. What point is the author trying to illustrate with the price of these pickles at Wal-Mart? 8. List three companies that have felt the Wal-Mart “squeeze”. Briefly explain what happened to these companies. 9. What point is the author trying to make in the first part of Chapter four? CH-15/E15-15.JPG CH-15/E15-3.JPG CH-15/E15-7.JPG CH-15/P15-3/P15-03.xls Pr. 15-3Problem 15-3* represents an incorrect N answer
  • 3. =COUNTIF(A14:H27,"~*")Name:0Section:" " represents an unanswered N box - counts as an incorrect. =COUNTIF(A14:H27," ")49Score:0%" " represents a correct blank answer or N answer =COUNTIF(A14:H27," ")0Key Code:2Total SUM(AV13:AV15)Instructions49Answers are entered in the cells with gray backgrounds.Percentage =AD6/AD8Cells with non-gray backgrounds are protected and cannot be edited.0%A red asterisk (*) will appear beside, below or above an incorrect answer.Notes:" " represents an unanswered N box - counts as an incorrect." " represents a correct blank answer or N answer1.Total number of answers = sum of aboveProduct Line ExpansionConditional formatting might be used but wasn't here, to hide some of the error check return symbols. If A1 = "~*", then font = red, if something else, then font = background color.YearPresent Value of $1 at 15% Factor´Net Cash Flows=Present Value of Net Cash Flows1Steps:2Open this sheet and macro sheet3Open old templated, then change color palet to this sheet'sTotalInsert new header - change problem number and reformatAmount to be investedCopy these formulas (column AD) to new sheet.Net present valueUpdate to new edition's names and numbersCopy new error check formulas. For N- boxes=IF(sol.!$C$5="OFF","",IF(AC25=""," ",IF(AC25<>sol.!AC25,"*"," ")))Computer System UpgradeYearPresent Value of $1 at 15% Factor´Net Cash Flows=Present Value of Net Cash Flows1For B- Boxes2=IF(sol.!$C$5="OFF","",IF(AC30<>sol.!AC30,"*"," "))3TotalCopy Score formula from this template to new sheet.Amount to be invested=IF(sol.!$C$5="OFF","","Score:")=IF(sol.!$C$5="OFF ","",AD10)Net present value=IF(sol.!$C$5="OFF","","*Since some answer boxes are correct when left blank, the beginning score is greater than 0%.")Internet Bill-PayYearPresent Value of $1 at 15% Factor´Net Cash Flows=Present Value of Net Cash Flows123TotalAmount to be investedNet present value2.Present Value Index=Total Present Value of Net Cash FlowsAmount to
  • 4. Be InvestedPresent value index of product line:=0.00Present value index of computer system:=0.00Present value index of Internet bill-pay:=0.003.Indicate which of the following statements are true (T) and which are false (F).a. The computer system upgrade has the largest present value indexb. The product line expansion has the largest net present valuec. The computer system upgrade returns less present value per dollar investedthan does the product line expansion.d. Because the present value index for the Internet bill-pay is less than 1,it does not meet the minimum rate of return standard. Enter present value factors rounded to 3 decimal places. Enter present value factors rounded to 3 decimal places. Enter present value factors rounded to 3 decimal places. The answer will appear here when the correct numbers are entered in the formula. The answer will appear here when the correct numbers are entered in the formula. The answer will appear here when the correct numbers are entered in the formula. Enter the investment amount as a negative Enter the investment amount as a negative Enter the investment amount as a negative sol.Problem 15-3* represents an incorrect N answer =COUNTIF(A14:H27,"~*")Name:SOLUTION0Section:" " represents an unanswered N box - counts as an incorrect. =COUNTIF(A14:H27," ")Score:See student sheet for student's score0Scoring:ON" " represents a correct blank answer or N answer =COUNTIF(A14:H27," ")0Total SUM(AV13:AV15)Instructions0Answers are entered in the cells with gray backgrounds.Percentage =AD6/AD8Cells with non- gray backgrounds are protected and cannot be edited.0%A red asterisk (*) will appear beside, below or above an incorrect answer.Notes:" " represents an unanswered N box - counts as an incorrect." " represents a correct blank answer or N answer1.Total number of answers = sum of aboveProduct Line ExpansionConditional formatting might be used but wasn't here,
  • 5. to hide some of the error check return symbols. If A1 = "~*", then font = red, if something else, then font = background color.YearPresent Value of $1 at 15% Factor´Net Cash Flows=Present Value of Net Cash Flows10.870$ 490,000$ 426,30020.756455,000343,98030.658420,000276,360Total$ 1,365,000$ 1,046,640Amount to be invested(980,000)Net present value$ 66,640Computer System UpgradeYearPresent Value of $1 at 15% Factor´Net Cash Flows=Present Value of Net Cash Flows10.870$ 350,000$ 304,50020.756315,000238,14030.658280,000184,240Steps:Tota l$ 945,000$ 726,880Open this sheet and macro sheetAmount to be invested(665,000)Insert new header - change problem number and reformatNet present value$ 61,880Copy these formulas (column AD) to new sheet.Internet Bill- PayYearPresent Value of $1 at 15% Factor´Net Cash Flows=Present Value of Net Cash Flows10.870$ 224,000$ 194,88020.756154,000116,42430.658112,00073,696Total$ 490,000$ 385,000Amount to be invested(392,000)Net present value$ (7,000)2.Present Value Index=Total Present Value of Net Cash FlowsAmount to Be InvestedPresent value index of product line:$1,046,640=1.07$980,000Present value index of computer system:$726,880=1.09$665,000Present value index of Internet bill- pay:$385,000=0.98$392,000=IF(sol.!$C$5="OFF","","Score:")= IF(sol.!$C$5="OFF","",AD10)3.Indicate which of the following statements are true (T) and which are false (F).a. The computer system upgrade has the largest present value indexTb. The product line expansion has the largest net present valueTc. The computer system upgrade returns less present value per dollar investedthan does the product line expansion.Fd. Because the present value index for the Internet bill-pay is less than 1,it does not meet the minimum rate of return standard.T Enter present value factors rounded to 3 decimal places. Enter present value factors rounded to 3 decimal places. Enter present value factors rounded to 3 decimal places. The answer will appear here when the correct numbers are
  • 6. entered in the formula. The answer will appear here when the correct numbers are entered in the formula. The answer will appear here when the correct numbers are entered in the formula. Enter the investment amount as a negative Enter the investment amount as a negative Enter the investment amount as a negative CH-15/P15-3/P15-3.JPG IRP: Week Three Worksheet The Walmart Effect Chapter 4 and Chapter 5, pages 97 through 136 1. Who is Sherrie Ford and why was she hired by Welch’s juice and jellies factory in Lawton, Michigan? 2. On page 103 in the 3rd paragraph, Steve Dobbins says, “We are shopping ourselves out of jobs.” What does he mean? 3. In the second half of Chapter 4, Fishman discusses two negative effects of Wal-Mart’s low prices. Describe these effects and give one example for each of them. 4. Jim Weir, the CEO of Snapper Inc. says that many suppliers are “addicted” to Walmart volume. What does this mean?
  • 7. 5. The book describes the “flip side of the Walmart effect that Carolina Mills, Black & Decker and L.R. Nelson had. What is the “high cost of low prices”? 6. What problem do high end product manufacturers have when doing business with Wal-Mart? 7. Who is the man who said no to Wal-Mart? What does he “said no to Walmart” mean? 8. Describe in detail the “Snapper” products. Try to answer the following questions. What are they? How are they made? How much do they cost? What kind of quality are they? Where can you buy them? 9. At the end of Chapter 5, Jim Wier goes to Bentonville, Arkansas for a meeting with Walmart. Briefly describe what happens at that meeting.
  • 8. 10. What are the two ways retailers can compete with Wal- Mart? IRP: Week Six Worksheet The Walmart Effect Epilogue and Afterward, pages 249 - 283 1. In the Epilogue, there are dialogues between five women who worked at Nelson: Sally Stone, Mary Fail, Rose Dunbar, Terri Graham, and Vickie Black. Briefly tell each of the women’s stories as expressed through these dialogues. 2. Why do you suppose Fishman provided these actual dialogues at the end of the book? What impact is he trying to make? 3. Why do you think that Wal-Mart decided to invite Mr. Fishman to their headquarters? 4. Why does Fishman say on page 265 that “Wal-Mart is worried.”?
  • 9. 5. From October 2005 to May 2006, Wal-Mart made a great many announcements on what new initiatives they had plan. List and describe 6 of them. 6. Does Fishman believe that all these changes Wal-Mart has announced will be made? And it they are, will they last? 7. What do you think is Fishman’s overall feeling about Wal- Mart? Please explain in detail. IRP: Week Four Worksheet The Walmart Effect Chapter 6 and 7, pages 137 through 195 1. Who is Emek Basker and what are the two simple questions about Walmart that she wanted to find the answers to?
  • 10. 1. What type of problems did Basker have when trying to find answers to these two questions? 3. Did Basker ever find answers to her questions? What did she discover after examining Walmart? 4. Who is Jerry Hausman? What is his specific problem with Walmart? 5. Who is Ken Stone? What aspects of Walmart has he studied? What are his two “rules of thumb” about merchants competing with Walmart? 6. Who is Stephan Goetz and what did his study of Walmart uncover? 7. Why does Fishman discuss salmon? Does he view the salmon industry as a negative or positive influence on society? Why or why not? 8. Does Fishman believe that Walmart could play a positive role in regards to the salmon industry?
  • 11. If so, what is that role? 9. Describe the conditions in some of the overseas factories where Walmart clothing is made. 10. Do you think that Walmart does a good job of overseeing the overseas factories where much of their clothing is made? Explain why or why not. IRP: Week Five Worksheet The Walmart Effect Chapter 8 and 9, pages 197 through 247 1. What point is the author trying to make when he compares the rice of the Alpha Keri rich Oil with the price of the green beans? 2. List three statistics regarding the amount of money Walmart saves. 3. What does Fishman say about Americans and their relationship with frugality?
  • 12. 4. Describe the actual shopping experience at Walmart. Would you consider it positive? Why or why not? 5. Keven Roberts claims Walmart is not “lovable”. What does he mean and why does he say that? 6. What is Walmart doing to improve its image? Do you think it is working? 7. What are the three types of Walmart shoppers as defined by Foote Cone & Belding? Briefly describe each one. 8. What has Walmart always promised to do? Have they followed through with their promise? 9. What are some of the criticisms that opponents of Walmart have made?
  • 13. 10. What is Walmart’s effect on World Capitalism?