The document discusses various types of auctions and considerations for auction design and bidding strategy. It describes oral auctions, where the highest bidder wins by outbidding the second highest bidder. Vickrey or second-price auctions are also discussed, where the winner pays the second highest bid. Sealed bid auctions are described where bidders must balance bidding higher to increase their chance of winning with reducing their potential profits. The document also addresses issues like bid rigging, common value auctions, and how to avoid collusion.
Ten Principles of economicsmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwww
This document discusses the key principles of economics according to an economics textbook. It begins by outlining the questions it will seek to answer regarding how individuals make decisions, how people interact, and how the overall economy works. It then covers four principles of how individuals make decisions: that people face tradeoffs, the cost of something is what you give up to get it, rational people think at the margin, and people respond to incentives. Next it discusses two principles of how people interact: that trade can make everyone better off through specialization and markets are generally a good way to organize economic activity through decentralized decision making led by an invisible hand.
This chapter discusses the key principles of economics according to four categories: how people make decisions, how people interact, and how the economy works as a whole. It outlines ten principles total, including that people face tradeoffs, respond to incentives, trade can make all parties better off, markets are generally efficient but governments can improve outcomes in cases of externalities or inequity, productivity determines living standards, and inflation results from too much money creation.
The document discusses various types of auctions and considerations for auction design and bidding strategy. It describes oral auctions, where the highest bidder wins by outbidding the second highest bidder. Vickrey or second-price auctions are also discussed, where the winner pays the second highest bid. Sealed bid auctions are described where bidders must balance bidding higher to increase their chance of winning with reducing their potential profits. The document also addresses issues like bid rigging, common value auctions, and how to avoid collusion.
Ten Principles of economicsmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwww
This document discusses the key principles of economics according to an economics textbook. It begins by outlining the questions it will seek to answer regarding how individuals make decisions, how people interact, and how the overall economy works. It then covers four principles of how individuals make decisions: that people face tradeoffs, the cost of something is what you give up to get it, rational people think at the margin, and people respond to incentives. Next it discusses two principles of how people interact: that trade can make everyone better off through specialization and markets are generally a good way to organize economic activity through decentralized decision making led by an invisible hand.
This chapter discusses the key principles of economics according to four categories: how people make decisions, how people interact, and how the economy works as a whole. It outlines ten principles total, including that people face tradeoffs, respond to incentives, trade can make all parties better off, markets are generally efficient but governments can improve outcomes in cases of externalities or inequity, productivity determines living standards, and inflation results from too much money creation.
This document discusses how government policies like price controls and taxes can impact market outcomes. It begins by defining price ceilings and floors, and provides examples of each. It then analyzes how price ceilings and floors shift supply and demand curves, creating shortages or surpluses. The document also examines how taxes on buyers versus sellers have the same overall effect of driving a wedge between the price paid and received, though who bears more of the burden can differ. Throughout, diagrams are used to illustrate these concepts in the market for goods like apartments, labor, and pizza.
This document outlines ten principles of economics from the first chapter of an economics textbook. It begins by introducing the concept of scarcity and how economics involves studying how societies manage scarce resources. It then covers four principles related to how individuals make decisions: people face tradeoffs; the cost of something is what you give up to get it; rational people think at the margin; and people respond to incentives. It also discusses three principles of how individuals interact: trade can make everyone better off; markets are usually a good way to organize economic activity; and governments can sometimes improve market outcomes. Finally, it addresses two principles of how the overall economy works: a country's standard of living depends on its ability to produce goods and services; and markets
The document discusses how firms make decisions to maximize profit. It explains that firms aim to produce the level of output where marginal revenue equals marginal cost. The profit-maximizing level of output occurs at the quantity where the difference between total revenue and total cost is greatest, or equivalently where the marginal revenue and marginal cost curves intersect from below. If total revenue does not cover total variable costs, the firm should shut down in the short run.
Micro ch01-ten principles of economics 6e(2012)YusufMuhammad76
This document outlines ten principles of economics according to N. Gregory Mankiw's Microeconomics textbook. It begins by defining economics as the study of how societies manage scarce resources and outlines four questions the chapter will address related to how individuals make decisions, how people interact, and how the overall economy works. The document then delves into seven principles related to how individuals make decisions, considering concepts like opportunity cost and marginal decision making. It also covers three principles around how people interact through trade, markets, and the role of government in addressing market failures or promoting equity.
Financial options and applications in corporate finance chapterjoney4
This document discusses financial options and their pricing. It begins with definitions of key option terminology like calls, puts, strike prices, expiration dates, exercise values, and covered vs uncovered options. It then explains how to model option prices using the binomial model and shows how to construct a replicating portfolio that produces the same payoffs as an option to price it. The goal of these techniques is to determine the theoretical fair value of an option so traders cannot profit off of mispriced options through arbitrage opportunities.
This document discusses addressing buyer concerns and objections in the sales process. It identifies five major types of sales resistance prospects may have, including lack of need, issues with the product/service, concerns about the company, price objections, and time delays. The document outlines techniques for responding to each type of objection, such as providing evidence of need, addressing product concerns factually, using third party endorsements to alleviate company concerns, offering payment options to overcome price objections, and proposing flexible solutions for time objections. Overall, the key is anticipating objections, understanding the prospects' perspective, and having persuasive responses to earn their commitment.
This document provides an overview of supply and demand concepts. It begins by outlining the key questions that will be addressed in the chapter, such as how supply and demand determine price and quantity. It then defines a market and competitive market assumptions. The document goes on to define demand and the law of demand, using an individual demand schedule to illustrate. It also discusses how individual demand schedules combine to form market demand. Similar concepts of supply, law of supply, and individual versus market supply are then covered. Finally, it outlines factors that can cause shifts in the demand and supply curves.
This document outlines ten principles of economics according to a textbook chapter. It discusses the principles in three sections - how people make decisions, how people interact, and how the overall economy works. Some of the key principles covered include that people face tradeoffs, the cost of something is what you give up to get it, rational people respond to incentives, trade can make everyone better off, and markets generally organize economic activity well but sometimes require government intervention to improve outcomes or equity.
Assignment Provide a reflection of at least 500 words (or 2 pag.docxbraycarissa250
Assignment:
Provide a reflection of at least 500 words (or 2 pages double spaced) of how the knowledge, skills, or theories of this course have been applied, or could be applied, in a practical manner to your current work environment. If you are not currently working, share times when you have or could observe these theories and knowledge could be applied to an employment opportunity in your field of study.
Requirements:
Provide a 500 word (or 2 pages double spaced) minimum reflection.
Use of proper APA formatting and citations. If supporting evidence from outside resources is used those must be properly cited.
Share a personal connection that identifies specific knowledge and theories from this course.
Demonstrate a connection to your current work environment. If you are not employed, demonstrate a connection to your desired work environment.
You should NOT, provide an overview of the assignments assigned in the course. The assignment asks that you reflect how the knowledge and skills obtained through meeting course objectives were applied or could be applied in the workplace.
Points to remember in the Draft:
Upon completion of this course, the student will acquire and demonstrate the following:
1. Demonstrate knowledge of U.S. and international legal and regulatory system functions as they apply to business and its environment, and the appropriate roles of business in society (MBA ISLO 1, 2, 3, 9).
2. Analyze the constraints placed on business by the legal system and government regulations (MBA 1, 2, 3, 9).
3. Evaluate the formation, scope, meaning, and potential breach/remedies of contracts (MBA 1, 2, 4, 5).
4. Analyze the presence and potential emergence of legal problems and the need to obtain competent legal assistance (MBA ISLO 1, 2, 3).
5. Apply plausible frameworks to ethical conflicts and dilemmas in management decision-making and business (MBA ISLO 1, 2, 5).
6. Research, apply critical thinking, and communicate current legal, ethical, and social business issues (MBA ISLO 7, 9).
7. Interact and discuss in a professional manner legal, ethical and social business issues with peers (MBA ISLO 7).
Based upon these broad-based goals, School has identified the following general intended student learning outcomes (MBA ISLO) for students:
1. Students will be able to demonstrate well-developed problem-solving skills.
2. Students will be able to identify major theories and concepts in the areas of accounting, finance, management, and marketing.
3. Students will be able to apply their findings from the major theories and concepts in the areas of accounting, finance, management, and marketing to organizational decision making.
4. Students will be able to analyze the opportunities and challenges of global business issues.
5. Students will be able to apply standards of ethical behavior in business to managerial decision making.
6. Students will be able to apply appropriate technological and quantitative methods and tools to the solution of pr ...
1. The document discusses monopolies, describing them as markets with only one firm and no close substitutes. It explains how monopolies can arise due to economies of scale, legal barriers like patents and copyrights, and network externalities.
2. A monopoly aims to maximize profits by producing where marginal revenue equals marginal cost and charging the price on the demand curve. This results in a higher price and lower output than under perfect competition.
3. The document compares monopoly equilibrium to perfect competition, noting that all else equal, a monopoly will have a higher price and lower output for the market.
The document discusses perfect competition and the behavior of perfectly competitive firms and markets in the short run and long run. It defines perfect competition as a market with many small firms, standardized products, free entry and exit, and perfect information. In the short run, individual firms operate at the market price and maximize profits where marginal cost equals marginal revenue. The market supply curve is derived by summing individual firm supply curves. In the long run, entry and exit of firms causes the market to reach equilibrium with zero economic profit.
This document provides an overview of supply and demand concepts. It begins by outlining the key questions that will be addressed in the chapter, such as how supply and demand determine price and quantity. It then defines demand and supply, explaining the laws of demand and supply. Several examples of demand and supply schedules are provided to illustrate these concepts. The document outlines factors that can shift the demand and supply curves, such as number of buyers, income, and prices of related goods. It concludes by summarizing the variables that influence demand.
MAT308Chapter 10 Test (75 Points)Show You Work!(1) The mean .docxtienboileau
MAT308
Chapter 10 Test (75 Points)
Show You Work!
(1) The mean number of hours of sleep for adults in the population of the U.S. is 6.8. A researcher believes that the mean number of hours that college students get per night is significantly different from adults in the population. The mean number of hours of sleep in a sample of 25 college students is 7.1 hours. The standard deviation of this sample is 0.87. Does the data provide support for the researcher's prediction? α level: 0.05
(15 Points)
Ho:
Ha:
Level of Significance:
Test Statistic:
P-Value:
Decision Reject or Fail to Reject:
Conclusion:
(2) Is the percentage of Creamery customers who prefer chocolate ice cream over vanilla less than 80%? In a sample of 50 customers 60% preferred chocolate over vanilla. α level: 0.05 (15 Points)
Ho:
Ha:
Level of Significance:
Test Statistic:
P-Value:
Decision Reject or Fail to Reject:
Conclusion:
(3) A manufacturer finds that baseballs dropped 24 ft. onto a concrete surface are supposed to bounce an average of 93 in. The manufacturer of the balls has moved to a new facility, and there is concern that the balls are different. One hundred balls were sampled and it was found that the average of the bounce height was 92.232 with a standard deviation of 1.56. . α level: 0.05 (15 Points)
Ho:
Ha:
Level of Significance:
Test Statistic:
P-Value:
Decision Reject or Fail to Reject:
Conclusion:
(4) The mean Verbal SAT score for the population of all first students at Radford is 520. The standard deviation of scores in this population is 95. An investigator believes that the mean Verbal SAT of first year psychology majors is significantly different from the mean score of population. The mean of a sample of 36 first year psychology majors is 540. Please test the investigator's prediction using an alpha level of 0.05. (15 Points)
Ho:
Ha:
Level of Significance:
Test Statistic:
P-Value:
Decision Reject or Fail to Reject:
Conclusion:
(5) First graders in the state of Virginia get an average score of 20 on a reading test (higher score reflect higher levels of performance). A teacher is using a new method to teach reading. She predicts that by the end of the first grade, students getting her new method will have significantly higher scores on reading than those in the population. The mean of the 25 students in her class is 23.2 and the standard deviation of the students in the class is 4.7. Use an alpha level of 0.05. (15 Points)
Ho:
Ha:
Level of Significance:
Test Statistic:
P-Value:
Decision Reject or Fail to Reject:
Conclusion:
Two Part assignment requiring articulate, professionally written content, that is non repetitive? Plagiarism sensitive. Please use MLA format and must cite all resources and references.
Part One - Following the works Cited listed below of scholarly articles regarding The play “The Homecoming”, by Harold Pinter create10 pages of competent, utilizing those listed or others of schol.
Masters level forum Compare and contrast what President Woodrow .docxtienboileau
Masters level forum
Compare and contrast what President Woodrow Wilson and Frank Goodnow said about politics and public administration. Discuss and critique their writings and analyze the politics-administration dichotomy, whether the dichotomy is real or ideal, and how they impacted public administration today.
3 citations
500 word minimum
lesson attached
.
This document discusses how government policies like price controls and taxes can impact market outcomes. It begins by defining price ceilings and floors, and provides examples of each. It then analyzes how price ceilings and floors shift supply and demand curves, creating shortages or surpluses. The document also examines how taxes on buyers versus sellers have the same overall effect of driving a wedge between the price paid and received, though who bears more of the burden can differ. Throughout, diagrams are used to illustrate these concepts in the market for goods like apartments, labor, and pizza.
This document outlines ten principles of economics from the first chapter of an economics textbook. It begins by introducing the concept of scarcity and how economics involves studying how societies manage scarce resources. It then covers four principles related to how individuals make decisions: people face tradeoffs; the cost of something is what you give up to get it; rational people think at the margin; and people respond to incentives. It also discusses three principles of how individuals interact: trade can make everyone better off; markets are usually a good way to organize economic activity; and governments can sometimes improve market outcomes. Finally, it addresses two principles of how the overall economy works: a country's standard of living depends on its ability to produce goods and services; and markets
The document discusses how firms make decisions to maximize profit. It explains that firms aim to produce the level of output where marginal revenue equals marginal cost. The profit-maximizing level of output occurs at the quantity where the difference between total revenue and total cost is greatest, or equivalently where the marginal revenue and marginal cost curves intersect from below. If total revenue does not cover total variable costs, the firm should shut down in the short run.
Micro ch01-ten principles of economics 6e(2012)YusufMuhammad76
This document outlines ten principles of economics according to N. Gregory Mankiw's Microeconomics textbook. It begins by defining economics as the study of how societies manage scarce resources and outlines four questions the chapter will address related to how individuals make decisions, how people interact, and how the overall economy works. The document then delves into seven principles related to how individuals make decisions, considering concepts like opportunity cost and marginal decision making. It also covers three principles around how people interact through trade, markets, and the role of government in addressing market failures or promoting equity.
Financial options and applications in corporate finance chapterjoney4
This document discusses financial options and their pricing. It begins with definitions of key option terminology like calls, puts, strike prices, expiration dates, exercise values, and covered vs uncovered options. It then explains how to model option prices using the binomial model and shows how to construct a replicating portfolio that produces the same payoffs as an option to price it. The goal of these techniques is to determine the theoretical fair value of an option so traders cannot profit off of mispriced options through arbitrage opportunities.
This document discusses addressing buyer concerns and objections in the sales process. It identifies five major types of sales resistance prospects may have, including lack of need, issues with the product/service, concerns about the company, price objections, and time delays. The document outlines techniques for responding to each type of objection, such as providing evidence of need, addressing product concerns factually, using third party endorsements to alleviate company concerns, offering payment options to overcome price objections, and proposing flexible solutions for time objections. Overall, the key is anticipating objections, understanding the prospects' perspective, and having persuasive responses to earn their commitment.
This document provides an overview of supply and demand concepts. It begins by outlining the key questions that will be addressed in the chapter, such as how supply and demand determine price and quantity. It then defines a market and competitive market assumptions. The document goes on to define demand and the law of demand, using an individual demand schedule to illustrate. It also discusses how individual demand schedules combine to form market demand. Similar concepts of supply, law of supply, and individual versus market supply are then covered. Finally, it outlines factors that can cause shifts in the demand and supply curves.
This document outlines ten principles of economics according to a textbook chapter. It discusses the principles in three sections - how people make decisions, how people interact, and how the overall economy works. Some of the key principles covered include that people face tradeoffs, the cost of something is what you give up to get it, rational people respond to incentives, trade can make everyone better off, and markets generally organize economic activity well but sometimes require government intervention to improve outcomes or equity.
Assignment Provide a reflection of at least 500 words (or 2 pag.docxbraycarissa250
Assignment:
Provide a reflection of at least 500 words (or 2 pages double spaced) of how the knowledge, skills, or theories of this course have been applied, or could be applied, in a practical manner to your current work environment. If you are not currently working, share times when you have or could observe these theories and knowledge could be applied to an employment opportunity in your field of study.
Requirements:
Provide a 500 word (or 2 pages double spaced) minimum reflection.
Use of proper APA formatting and citations. If supporting evidence from outside resources is used those must be properly cited.
Share a personal connection that identifies specific knowledge and theories from this course.
Demonstrate a connection to your current work environment. If you are not employed, demonstrate a connection to your desired work environment.
You should NOT, provide an overview of the assignments assigned in the course. The assignment asks that you reflect how the knowledge and skills obtained through meeting course objectives were applied or could be applied in the workplace.
Points to remember in the Draft:
Upon completion of this course, the student will acquire and demonstrate the following:
1. Demonstrate knowledge of U.S. and international legal and regulatory system functions as they apply to business and its environment, and the appropriate roles of business in society (MBA ISLO 1, 2, 3, 9).
2. Analyze the constraints placed on business by the legal system and government regulations (MBA 1, 2, 3, 9).
3. Evaluate the formation, scope, meaning, and potential breach/remedies of contracts (MBA 1, 2, 4, 5).
4. Analyze the presence and potential emergence of legal problems and the need to obtain competent legal assistance (MBA ISLO 1, 2, 3).
5. Apply plausible frameworks to ethical conflicts and dilemmas in management decision-making and business (MBA ISLO 1, 2, 5).
6. Research, apply critical thinking, and communicate current legal, ethical, and social business issues (MBA ISLO 7, 9).
7. Interact and discuss in a professional manner legal, ethical and social business issues with peers (MBA ISLO 7).
Based upon these broad-based goals, School has identified the following general intended student learning outcomes (MBA ISLO) for students:
1. Students will be able to demonstrate well-developed problem-solving skills.
2. Students will be able to identify major theories and concepts in the areas of accounting, finance, management, and marketing.
3. Students will be able to apply their findings from the major theories and concepts in the areas of accounting, finance, management, and marketing to organizational decision making.
4. Students will be able to analyze the opportunities and challenges of global business issues.
5. Students will be able to apply standards of ethical behavior in business to managerial decision making.
6. Students will be able to apply appropriate technological and quantitative methods and tools to the solution of pr ...
1. The document discusses monopolies, describing them as markets with only one firm and no close substitutes. It explains how monopolies can arise due to economies of scale, legal barriers like patents and copyrights, and network externalities.
2. A monopoly aims to maximize profits by producing where marginal revenue equals marginal cost and charging the price on the demand curve. This results in a higher price and lower output than under perfect competition.
3. The document compares monopoly equilibrium to perfect competition, noting that all else equal, a monopoly will have a higher price and lower output for the market.
The document discusses perfect competition and the behavior of perfectly competitive firms and markets in the short run and long run. It defines perfect competition as a market with many small firms, standardized products, free entry and exit, and perfect information. In the short run, individual firms operate at the market price and maximize profits where marginal cost equals marginal revenue. The market supply curve is derived by summing individual firm supply curves. In the long run, entry and exit of firms causes the market to reach equilibrium with zero economic profit.
This document provides an overview of supply and demand concepts. It begins by outlining the key questions that will be addressed in the chapter, such as how supply and demand determine price and quantity. It then defines demand and supply, explaining the laws of demand and supply. Several examples of demand and supply schedules are provided to illustrate these concepts. The document outlines factors that can shift the demand and supply curves, such as number of buyers, income, and prices of related goods. It concludes by summarizing the variables that influence demand.
MAT308Chapter 10 Test (75 Points)Show You Work!(1) The mean .docxtienboileau
MAT308
Chapter 10 Test (75 Points)
Show You Work!
(1) The mean number of hours of sleep for adults in the population of the U.S. is 6.8. A researcher believes that the mean number of hours that college students get per night is significantly different from adults in the population. The mean number of hours of sleep in a sample of 25 college students is 7.1 hours. The standard deviation of this sample is 0.87. Does the data provide support for the researcher's prediction? α level: 0.05
(15 Points)
Ho:
Ha:
Level of Significance:
Test Statistic:
P-Value:
Decision Reject or Fail to Reject:
Conclusion:
(2) Is the percentage of Creamery customers who prefer chocolate ice cream over vanilla less than 80%? In a sample of 50 customers 60% preferred chocolate over vanilla. α level: 0.05 (15 Points)
Ho:
Ha:
Level of Significance:
Test Statistic:
P-Value:
Decision Reject or Fail to Reject:
Conclusion:
(3) A manufacturer finds that baseballs dropped 24 ft. onto a concrete surface are supposed to bounce an average of 93 in. The manufacturer of the balls has moved to a new facility, and there is concern that the balls are different. One hundred balls were sampled and it was found that the average of the bounce height was 92.232 with a standard deviation of 1.56. . α level: 0.05 (15 Points)
Ho:
Ha:
Level of Significance:
Test Statistic:
P-Value:
Decision Reject or Fail to Reject:
Conclusion:
(4) The mean Verbal SAT score for the population of all first students at Radford is 520. The standard deviation of scores in this population is 95. An investigator believes that the mean Verbal SAT of first year psychology majors is significantly different from the mean score of population. The mean of a sample of 36 first year psychology majors is 540. Please test the investigator's prediction using an alpha level of 0.05. (15 Points)
Ho:
Ha:
Level of Significance:
Test Statistic:
P-Value:
Decision Reject or Fail to Reject:
Conclusion:
(5) First graders in the state of Virginia get an average score of 20 on a reading test (higher score reflect higher levels of performance). A teacher is using a new method to teach reading. She predicts that by the end of the first grade, students getting her new method will have significantly higher scores on reading than those in the population. The mean of the 25 students in her class is 23.2 and the standard deviation of the students in the class is 4.7. Use an alpha level of 0.05. (15 Points)
Ho:
Ha:
Level of Significance:
Test Statistic:
P-Value:
Decision Reject or Fail to Reject:
Conclusion:
Two Part assignment requiring articulate, professionally written content, that is non repetitive? Plagiarism sensitive. Please use MLA format and must cite all resources and references.
Part One - Following the works Cited listed below of scholarly articles regarding The play “The Homecoming”, by Harold Pinter create10 pages of competent, utilizing those listed or others of schol.
Masters level forum Compare and contrast what President Woodrow .docxtienboileau
Masters level forum
Compare and contrast what President Woodrow Wilson and Frank Goodnow said about politics and public administration. Discuss and critique their writings and analyze the politics-administration dichotomy, whether the dichotomy is real or ideal, and how they impacted public administration today.
3 citations
500 word minimum
lesson attached
.
Martin Wolf MARCH 24 2020 The coronavirus seeks only t.docxtienboileau
Martin Wolf MARCH 24 2020
The coronavirus seeks only to replicate. We seek to halt that replication. Unlike the virus, humans make
choices. This pandemic will pass into history. But the way in which it passes will shape the world it leaves
behind. It is the first such pandemic for a century. And it comes to a world that — unlike in 1918, when
the Spanish flu hit — has been at peace and enjoys unprecedented wealth. We should be able to
manage it well. If we do not do so, this will be a turning point for the worse. Making the right decisions
requires that we understand the options and their moral implications. We now confront two
fundamental sets of choices: within our countries and across borders. In high-income countries, the
biggest choice is how aggressively to halt transmission of the virus. But we also need to decide who will
bear the costs of that choice and how. Some continue to argue that it is wrong to force the economy
into a depression to suppress transmission of the virus. This, they suggest, will cause unnecessary
disruption. If, instead, the virus is left to spread relatively freely, we can achieve “herd immunity”,
sustain the economy and still focus resources on the vulnerable. Yet it is not clear that the economy
would fare better under this relatively laissez faire “mitigation” policy than under one of determined
“suppression”. Long before government-imposed lockdowns, many people stopped travelling or going
to restaurants, cinemas or shops. Decisive action to suppress the virus and follow up with testing and
tracking of new infections could well end the inevitable economic slump even sooner than otherwise.
What seems quite certain is the global health system would fare much better under suppression than
mitigation. Under the latter, argues the Imperial College Covid-19 Response Team, the health systems of
the UK and US would be overwhelmed: large numbers of predominantly old people would be left to die
untreated. It was presumably to prevent this from happening across China that the government
suppressed the virus so fiercely in Hubei. Could a health calamity that is unacceptable in China be
acceptable in the UK or US? Yet the critics are also right: it will be impossible to close large parts of our
economies for very long. If suppression is to be tried, it must be successful quickly and resurgence of the
virus must be throttled. Meanwhile, central banks and governments must seek to keep as much of the
economy going as possible, preserve as much productive capacity intact as possible and ensure that the
people, above all the vulnerable, are generously protected in whatever way a country finds practical.
The solidarity between countries needs to be as strong as within them. The financial instability and
looming recession (probably depression) we see coming will inflict huge harm on emerging and
developing countries. The IMF states that investors have already removed $83.
Mass movementChoose oneA. happens only when the slope .docxtienboileau
Mass movement
Choose one:
A. happens only when the slope of a hill gets steeper than the angle of repose.
B. can't happen underwater because the buoyancy force of water is too great.
C. is a gravity-driven downslope movement of natural materials.
D. is more likely to happen under dry conditions than under wet conditions.
Which of the following processes most logically explains the different tilts of gravestones in a hillside cemetery?
Choose one:
A. slump
B. creep
C. mudflow
D. liquefaction
Avalanches
Choose one:
A. are slow mass-movement events.
B. never happen twice in the same place; therefore, the pathway an avalanche creates is a safe place to build.
C. always contain snow and/or ice.
D. can be triggered by explosions, people, or even just new snow.
Solifluction
Choose one:
A. is a kind of creep that is found in high-elevation regions or in the Arctic on slopes that are underlain by permafrost.
B. is the proper term for alternate expanding and contracting of swelling clays.
C. means that the level of the water table fluctuates with precipitation.
D. is a faster-than-usual kind of slump in wetlands.
Identify the true statement.
Choose one:
A. The angle of repose is the steepest angle at which unconsolidated sediments can sit without slipping downhill.
B. The head scarp of a slump is found at the base of the slump block.
C. Lahars are mudflows that have been triggered by earthquake shaking.
D. Slow movement of unconsolidated material downslope is called a turbidity current.
Which of the following is a suitable method of managing snow avalanches?
Choose one:
A. increasing the slope's load by planting vegetation on the cornice of mountain slopes
B. expansive water drainage systems
C. targeted, controlled explosions
D. allowing skiers to use only avalanche chutes (regions where avalanches will not occur)
Identify the true statement.
Choose one:
A. Weathering does not affect the stability of a slope.
B. Vegetation is heavy, and therefore deforesting an area can help keep slopes stable.
C. Forest fires followed by heavy rains are likely to result in severe mud and debris flows.
D. Saturating a slope with water tends to hold unconsolidated grains together and thus helps stabilize slopes.
Consider the following eight phrases:
1. careful inventory and mapping to determine dangers
2. weathering of minerals to produce clay
3. controlled blasting of unstable slopes
4. controlled water drainage
5. retaining walls along highway embankments
6. spraying shotcrete on road cuts
7. removing support at the toe of the slope
8. adding weight at the top of the slope
Which of these are factors that lead to mass movement?
Choose one:
A. choices 3 and 8 only
B. choices 2, 7, and 8
C. choices 1, 2, and 4
D. choices 2, 4, 7, and 8
Watch the
Submarine Slide
portion of the
Slides
topic of the animation. How can a submarine slide at the edge of a continental shelf create a tsunami?
Choose .
Marys one year old daughter is due to be given the Measles, Mum.docxtienboileau
Mary's one year old daughter is due to be given the Measles, Mumps, and Rubella (MMR) vaccine during her next visit to the doctor. Mary is upset and concerned because one of her friend's sons became ill after a similar vaccination. She has also heard rumors that MMR vaccine causes rubella. Mary was also told that her daughter will need to be vaccinated before Mary returns to work. Mary is not alone. Many parents face this issue. Therefore, it is important for Mary and all such parents to make decisions that are best for their children, based on facts and not emotions. Place yourself in the role of a health care worker, submit to the discussion area your plan to validate the importance of vaccination by addressing the following questions:
Why are vaccinations necessary components of the healthcare programs?
Are there reasons for people not being vaccinated despite of such elaborate healthcare programs? Explain.
What are the consequences of people not being vaccinated?
What is the impact of religious, cultural, legal, and ethical issues that parents need to consider before vaccination?
What type of information will help the parents make an informed decision about vaccinating their children?
As in all assignments, cite your sources in your work and provide references for the citations in APA format.
Your initial posting should be addressed at 150-300 words. Be sure to cite your sources using APA format.
.
Masaccio, Trinity, Santa Maria Novella, Florence, 1426-27.docxtienboileau
Masaccio, Trinity, Santa Maria Novella, Florence, 1426-27
Often credited with being the first painting employing scientific, single-point perspective—discovered by Brunelleschi only a few years earlier—looks like actual space that recedes—at center of fresco we see Holy Trinity—body of Christ, dove, and God the Father—head of dove looks down at Christ—incredible rendering of human body—pulled, tortured, affected by gravity—what happens to muscles of body—evokes sympathy (hollow of abdomen), bleeding—deep faithfulnessscientific observation—on left Mary points towards Christ, holds out hand (way to salvation)—on right St. John—donors on lower level—at bottom exposed tomb—inscription reads ‘As I am now, so you shall be. As you are now, so once was I.’—memento mori—imminence of death—reminder of death, prepare now for salvation—eternal life in Heaven—innovation of new perspective—specific viewpoint for viewer—architecture based on ancient Greek and Roman architecture—Masaccio shows off—not simple tile floor—modeling to show dimension, sculptural relief—proportional accuracy of the bodies—culture of trade in Florence—buy/sell, fractions, space volumes, analytic and rational culture
Hieronymus Bosch, The Garden of Earthly Delights, c. 1500
Investigation of the
Ferguson Police Department
United States Department of Justice
Civil Rights Division
March 4, 2015
i
TABLE OF CONTENTS
I. REPORT SUMMARY ........................................................................................................ 1
II. BACKGROUND .................................................................................................................. 6
III. FERGUSON LAW ENFORCEMENT EFFORTS ARE FOCUSED ON
GENERATING REVENUE ............................................................................................... 9
IV. FERGUSON LAW ENFORCEMENT PRACTICES VIOLATE THE LAW AND
UNDERMINE COMMUNITY TRUST, ESPECIALLY AMONG AFRICAN
AMERICANS .................................................................................................................... 15
A. Ferguson’s Police Practices ............................................................................................ 15
1. FPD Engages in a Pattern of Unconstitutional Stops and Arrests in Violation
of the Fourth Amendment ..................................................................................... 16
2. FPD Engages in a Pattern of First Amendment Violations .................................. 24
3. FPD Engages in a Pattern of Excessive Force in Violation of the Fourth
Amendment ........................................................................................................... 28
B. Ferguson’s Municipal Court Practices ........................................................................... 42
1. Court Practices Impose Substantial and Unnecessary Barriers to the
Challenge or Resolution of Municipal Code Violations .......................
Matthew Shepard Was Killed Due To His Sexual Orientation. Defend, Ch.docxtienboileau
Matthew Shepard Was Killed Due To His Sexual Orientation. Defend, Challenge, Or Qualify This Statement
qualify his death
thesis statement There is substantial evidence to support that Matt Shepard's death was because of his sexual orientation. However, there is also a growing body of evidence that suggest Matt's death was because of drug dealing and drug uses
have two supporting evidence paragraphy a nd site the source
Turn-it –in the report and checkyour work and make sure it will be Grammarly approved.
.
MBA 665 Final Project Milestone Three Guidelines and Rubric .docxtienboileau
MBA 665 Final Project Milestone Three Guidelines and Rubric
Overview: The final project for this course is the creation of an impact of governmental action on a business paper. For Milestone Three you will submit the
Analysis section of your final project, which is Section II of the critical elements. Your analysis should include answers to all the questions in the Analysis section
on business environment, sustainability, internal resources, communication, company image, response, impact, and external resources.
Specifically, the following critical elements must be addressed:
I. Analysis: After submitting your overview, your boss is having second thoughts about bringing Jack Harris and his firm, Crisis Consulting, on board. Before
he makes his final decision he has asked you to provide him with a thorough analysis of the situation faced by your business. He asks you to prepare a
memorandum to him (the CEO) analyzing the situation that your business faces as well as the resources that are available to it. Address the following:
A. Business Environment: Based on your analysis of the governmental action or political challenge, what will be the impact of the governmental
action or political challenge on the business’s financial situation and operations? Does the action represent an opportunity or a threat?
B. Sustainability: Based on your analysis of the governmental action or political challenge, how will the governmental action or political challenge
impact the sustainability of the business?
C. Internal Resources: Evaluate the internal resources of the company, including the business project teams that are available to respond to the
opportunity or threat. In other words, is the business adequately organized to address the opportunity or threat?
D. Communication: How has information about the situation been communicated to various stakeholders? For example, have any public hearings
been held? Have the radio, newspapers, or social media been used?
E. Company Image: Assess how the situation has affected the company’s public image. Has the impact been primarily positive or negative? If the
impact has been primarily negative, what are the positive aspects in addition to the negative aspects? If the impact has been primarily positive,
what are the negative aspects in addition to the positive aspects?
F. Response: What are the potential courses of action to respond to the situation in the current macroeconomic and business environment? In
other words, what is the range of options for the business in this situation?
G. Impact: How will these courses of action impact the business? Make sure to consider both short- and long-term impacts, including operational,
financial, and ethical implications.
H. External Resources: Evaluate the roles and functions of third parties or external resources in the situation. Consider questions such as these in
your response: How will lobbyists be involved in the situation? .
max 200 words due in 2 hoursSummarize the article by parap.docxtienboileau
max 200 words
due in 2 hours
Summarize the article by paraphrasing the major points in it. Begin with the central idea and give an overview. Then describe the supporting points. As well, capture the development of the supporting points and show how the writer supports them. Be objective and avoid evaluative and judgmental statements in this section. (200 words maximum)
.
MBA 599 – Strategic Management Case Project This capsto.docxtienboileau
MBA 599 – Strategic Management Case Project
This capstone course requires each student to construct a detailed and well-thought-out analysis of a
business employing all the relevant strategic analysis tools studied in the course. This project will take the
full term to complete. It is our sincere hope that you will find this project to be the most rewarding effort in
your educational career.
Project Overview
This course is designed to help you develop strategic skills that can be used in management. The
process of strategic planning is an iterative cycle of research and analysis, ending with a series of choices
about what will be attempted and how it will be approached. The most tangible output is the strategic
planning document. The most important output is the increased understanding that the participants
acquire. Accordingly, the assessment of the final project will be heavily dependent on the quality of the
strategic thinking inside that polished report. Students that focus on the expeditious completion of the
steps may find that they have shortchanged the important and time-consuming exploration and thinking
that is necessary to create a quality strategic case. Since not all tools can tell the planner which factors
and alternatives are important to consider, the planner should pull in as much diverse information and
perspectives as possible. Additionally, you should put yourselves in the competitor’s shoes and consider
how the “game” will play out. Your homework and subsequent improvements are intended to become a
primary basis for the exploration and questioning that drives your strategic understanding and creative
ideas. In addition, it is important to test your strategic thinking and your use of analytical tools in
preparation for your final project.
Tips for Selecting an Organization
As you select an organization for your class project, it is important that you select one that is interesting,
possibly useful to you in your career, industry, or interests, and allows you to explore strategic challenges
in a meaningful way. If you select the industry in which you currently work, you must address two critical
issues: (1) integrating and clearly citing existing information. (You will need to delineate work you’ve
contributed as opposed to pre-existing information), and (2) succinctly presenting existing information
while adding new insight, analysis, and plans that substantially add to strategy development,
implementation, and/or assessment of the organization. An organization or industry you are interested in
should give you better access to information although you need to pay careful attention to the points
made above.
Do not underestimate the degree to which you will need to be an expert in the selected industry and
related areas. It is impossible to create a strategy without understanding the terms, technologies, market
changes, and so forth in great depth. A.
MBA 640 Final Project Milestone Two Guidelines and Rubric .docxtienboileau
MBA 640 Final Project Milestone Two Guidelines and Rubric
Overview: The final project for this course is the creation of an external capital funding proposal.
Most businesses face a landscape of uncertainty and a never-ending stream of risks and opportunities. Managers must continually project the likely financial
impact of decisions, make recommendations, act on those decisions, determine how to pay for them, and evaluate the costs and effectiveness of what has been
done. Many decisions are short-term, routine, and operational. Others are longer-term investment decisions that require substantial new resources, such as
developing new services, expanding into new geographic markets, or undertaking business combinations or spin-offs. Each requires managers to forecast, plan,
and make decisions based on a thorough understanding of both internal and external factors that can affect a company’s financial success.
For the summative assessment in this course, you will bring your finance and economics knowledge to bear by preparing an external capital funding proposal for
a major international investment at a publicly traded corporation. In order to secure the support of potential financial backers, your proposal will need to lay out
what the proposed investment opportunity is, how it fits within the company’s broader mission and goals, its financial impact, and the amount being requested
and why (including alternative funding mechanisms considered). In addition, it will also need to include information on the organization’s context, risk factors,
and microeconomic assumptions that could affect the success of the investment.
Prompt: Submit a paper that addresses critical element IV, Risks, of the final project. Discuss any risks that might affect the success of the project and how you
have planned for those contingencies.
Note: The risks (and opportunities) you identify should demonstrate your understanding of the company you selected, the industry, the investment project you
are proposing, and your project’s country and timing. Your estimates of financial impacts will be only preliminary; you will most likely revise them in your final
submission at the end of Module Nine.
Specifically, the following critical elements must be addressed:
Section IV Risks:
1. Internal. What are the company’s most significant internal risks and opportunities related to the project? How might they affect your financial estimates
and how will you address them? Support your response with specific examples.
2. External. How will you address significant qualitative risks outside the company that might affect project success? Give specific examples. For example,
how might culture or politics in the target country affect the proposed investment’s financial success? Natural disasters? How have you planned for
these risks?
3. Microeconomic. Assess the microeconomic factors that might affect decisions about the proposed investment. .
Mary and Elmer’s fifth child, Melvin, was born 6 weeks prematurely a.docxtienboileau
Mary and Elmer’s fifth child, Melvin, was born 6 weeks prematurely and is 1-month old. Sarah, age 13, Martin, age 12, and Wayne, age 8, attend the Amish elementary school located 1 mile from their home. Lucille, age 4, is staying with Mary’s sister and her family for a week because baby Melvin has been having respiratory problems, and their physician told the family he will need to be hospitalized if he does not get better within 2 days.
Choose two or three areas of prenatal care that you would want to discuss with Mary, and then write brief notes about what you know and/or need to learn about Amish values to discuss perinatal care in a way that is culturally congruent.
Discuss three Amish values, beliefs, or practices to consider when preparing to do prenatal education classes with Amish patients.
Submission Instructions:
Your initial post should be at least 500 words, formatted and cited in current APA style with support from at least 2 academic sources.
.
Maryland Technology Consultants is a fictitious company create.docxtienboileau
Maryland Technology Consultants is a fictitious company created for the IFSM 300 Case Study.
MTC Case Study 11/23/2019 Ver. 1 1
Maryland Technology Consultants, Inc.
Maryland Technology Consultants (MTC) is a successful Information Technology consulting firm
that utilizes proven IT and management methodologies to achieve measurable results for its
customers. Its customer base includes small to mid-tier businesses, non-profit organizations
and governmental agencies at the local, state and federal levels. MTC feels strongly that its
success is dependent on the combination of the talent of its IT consultants in the areas of,
Business Process Consulting, IT Consulting and IT Outsourcing Consulting and their ability to
deliver truly extraordinary results to their clients.
Corporate Profile
Corporate Name: Maryland Technology Consultants, Inc.
Founded: May 2008
Headquarters: Baltimore, Maryland
Satellite Locations: Herndon, Virginia; Bethesda, Maryland
Number of Employees: 450
Total Annual Gross Revenue: $95,000,000
President and
Chief Executive Officer (CEO): Samuel Johnson
Business Areas
MTC provides consulting services in the following areas:
• Business Process Consulting - Business process redesign, process improvement, and best
practices
• IT Consulting - IT strategy, analysis, planning, system development, implementation, and
network support
• IT Outsourcing Consulting – Requirements analysis; vendor evaluation, due diligence,
selection and performance management; Service Level Agreements
Business Strategy
MTC's business strategy is to provide extraordinary consulting services and recommendations
to its customers by employing highly skilled consultants and staying abreast of new business
concepts and technology and/or developing new business concepts and best practices of its
own.
Maryland Technology Consultants is a fictitious company created for the IFSM 300 Case Study.
MTC Case Study 11/23/2019 Ver. 1 2
Excerpt from the MTC Strategic Business Plan
While the complete strategic plan touches on many areas, below is an excerpt from MTC’s
latest Strategic Business Plan that identifies a few of MTC's Goals.
Goal 1: Increase MTC Business Development by winning new contracts in the areas of IT
consulting.
Goal 2: Build a cadre of consultants internationally to provide remote research and analysis
support to MTC’s onsite teams in the U. S.
Goal 3: Continue to increase MTC’s ability to quickly provide high quality consultants to
awarded contracts to best serve the clients’ needs.
Goal 4: Increase MTC’s competitive advantage in the IT consulting marketplace by increasing its
reputation for having IT consultants who are highly skilled in leading edge technologies and
innovative solutions for its clients.
Current Business Environment
MTC provides consultants on-site to work with its cli.
Martha Rogers’ Science of Unitary Human BeingsFOR THE THEORY CRI.docxtienboileau
Martha Rogers’ Science of Unitary Human Beings
FOR THE THEORY CRITIQUE of Martha Rogers’ Science of Unitary Human Beings
SUGGESTION: Get article/s which are CRITIQUES of the THEORY ASSIGNED TO YOU
CRITERIA
UNITS OF ANALYSIS
CRITIQUE ARTICLE NO. 1
(Author of Critique)
CRITIQUE ARTICLE NO. 2
(Author of Critique)
MY VIEWPOINT
(3.1) Relationship between
structure and function
(3.1.1) Clarity
(3.1.2) Consistency
(3.1.3) Simplicity / Complexity
(3.1.4) Tautology / Teleology
(3.2) Diagram of Theory
(3.2.1) Visual and Graphic Presentation
(3.2.2) Logical Representation
(3.2.3) Clarity
(3.3) Circle of Contagiousness
(3.3.1) Graphical origin of theory and geographical spread
(3.3.2) Influence of theorist versus theory
(4) Usefulness
(4.1) Practice
(4.1.1) Direction
(4.1.2) Applicability
(4.1.3) Generalizability
(4.1.4) Cost Effectiveness
(4.1.5) Relevance
(4.2) Research
(4.2.1) Consistency
(4.2.2) Testability
(4.2.3)
Predictability
(4.3) Education
(4.3.1) Philosophical Statement
(4.3.2) Objectives
(4.3.3) Concepts
(4.4) Administration
(4.4.1) Structure of Care
(4.4.2) Organization of Care
(4.4.3) Guidelines for Patient Care
(4.4.4) Patient Classification System
(5) External Components of Theory
(5.1) Personal Values
(5.1.1) Theorist implicit/explicit values
(5.2) Congruence with other professional values
(5.2.1) Comlementarity
(5.2.2) Esoterism
(5.2.3)
Competition
(5.3) Congruence with social values
(5.3.1) Beliefs
(5.3.2) Values
(5.3.3) Customs
(5.4) Social Significance
ISM 645 Mission, Vision, and Time Horizon Statement (MVTH)
Worksheet
The following information is provided to assist you in writing the Mission, Vision, and Time Horizon
Statements.
Writing the Mission Statement – Comparisons
The mission statement describes the purpose of the organization and the reason the business or business
unit exists. You will be creating an IT mission statement for the Acme Company. Review the article,
“Mission Statements.” Then, based on what you have learned, evaluate the mission statements of the
following service companies:
• Microsoft®
“At Microsoft, our mission and values are to help people and businesses throughout the
world realize their full potential.”
• Apple®
“Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork
and professional software. Apple leads the digital music revolution with its iPods and iTunes
online store. Apple has reinvented the mobile phone with its revolutionary iPhone and App
store, and is defining the future of mobile media and computing devices with iPad.”
In your evaluation, consider the positive aspects as well as the shortfalls of the statements. Do your own
additional research on these companies and consider whether the company’s strategic approach aligns
with its mission statement.
Writing the Vision Statement – Comparisons
The vision statement describes the business o.
Materials for Your Works Cited PagesNOTE When you are writing.docxtienboileau
Materials for Your Works Cited Pages
NOTE:
When you are writing your papers for this class, you will notice that some of the versions of the primary texts that I have posted do not have any publication information. This is because I like to present the works to you in a consistent Word format. However, when you write your papers, you will be required to provide a works cited page in proper MLA format. So below you will find pre-made entries that you can cut and paste into the works cited page at the end of your papers. Of course, for any additional material you use, you will have to create the citations yourself.
If you are writing about Dante:
Alighieri, Dante.
The Inferno. Dante On Line
. Societa Dantesca Italiana, n.d. Web. 09 May 2016.
If you are writing about Antigone:
Johnston, Ian, trans.
Sophocles’
Antigone.
442 B.C. n.p. Johnstonia Web. May 2005. Web. 9
May 2016.
If you are writing about The Code of Hammurabi:
"Ancient History Sourcebook: Code of Hammurabi, C. 1780 BCE." Internet History Sourcebooks. n.p., n.d. Web. 16 May 2016.
If you are writing about: Deuteronomy:
Deuteronomy.
New International Version
. Bible Gateway. Web. 5 May 2016.
If you are writing about “The Lottery”:
Jackson, Shirley. “The Lottery.”
Literature: An Introduction to Fiction, Poetry, and Drama
. Ed. X.J. Kennedy and Diana Gioia. 6th ed. New York: Harper Collins, 1995. 298-300. Print.
If you are writing about “The Ones Who Walk Away From Omelas”:
Le, Guin U. K. “The Ones Who Walk Away From Omelas.”
The Wind's Twelve Quarters: Short Stories
. New York: Harper & Row, 1975. Print.
If you are writing about the Trial of Susanna Martin:
Mather, Cotton.
The Wonders of the Invisible World
. 1693. London: John Russell Smith, 1862.
Project Gutenberg
. Web. 9 May 2016.
If you are writing about
12 Angry Men
:
12 Angry Men
. Dir. Sidney Lumet. Perf. Henry Fonda and Lee J. Cobb. MGM Entertainment, 2001.
Berkeley College Digital Campus
. Web. 27 Aug. 2016.
If you are writing about “A Jury of Her Peers”:
Glaspell, Susan. "A Jury of Her Peers."
A Jury of Her Peers
. Provincetown: n.p., 1916. 1-16.
Interactives
. Literature. Web. 21 Mar. 2017.
If you are writing about “In a Grove”:
Akutagawa, Ryunosuke. "In a Grove." 1922.
Feedbooks
. N.p., n.d. Web. 27 Aug. 2016.
If you are writing about “The Lynching of Jube Benson”:
Dunbar, Paul Laurence. “The Lynching of Jube Benson.”
The Heart of Happy Hollow
. 1904.
Lit2Go.
N.p., n.d. Web. 27 Aug. 2016.
If you are writing about “The Adventure of the Sussex Vampire”:
Doyle, Arthur Conan. “The Adventure of the Sussex Vampire.” 1924.
The Complete Sherlock Holmes Canon
. N.p., n.d. Web. 27 Aug. 2016.
If you are writing about “They Can Only Hang You Once”:
Hammett, Dashiell. “They Can Only Hang You Once.” 1932.
E-Reading Club
. N.p., n.d. Web. 27 Aug. 2016.
If you are writing about “An Unbelievable Story of Rape”:
Miller, T. Christian and Armstrong, Ken. “An Unbelievable Story of Rape”
P.
MasubenPrivate equity firm can be very helpful for a company’s g.docxtienboileau
Masuben
Private equity firm can be very helpful for a company’s growth as its money helps in various restructuring of the company as large amounts of funding are invested in the company . It could be very helpful in developing companies' growth from grass root level. As optimum money is invested the production of goods will be more and retailers will get the product on time. Also as money is invested in advancement of technology the cost of production can be low so the retailers could make some more profit and manufacturers can make the product much quicker. As private equity holders are more concerned about their money they are actively involved in business to maximise the value. As the funding is major the return on investment will be huge which can be very helpful for manufacturers and retailers.(Piloto Sincerre, B., Sampaio, J., Famá, R., & Flores, E. S. 2019)
As every coin has two sides, sometimes private equity has its own downside. The biggest threat is to manufacturers as it can lose its ownership. As with private equity, more money is involved in business which leads to loss of a larger share of the business as private equity firms always take the larger majority stake of the business. As a private equity holder becomes actively involved in business, sometimes they overpower the management decision like hiring, business strategy, business decisions and other valuable management responsibilities. The main mission of equity holders is to generate revenue on their investment which might lead to unethical activities as larger money is involved. Also as production is increased there might be more pressure on retailers to sell the item as supply of goods will be more and demand is low.(BACON, N., WRIGHT, M., MEULEMAN, M., & SCHOLES, L. 2012) As larger money is involved the business can grow rapidly across the countries so to conclude private equity can help in growing business more.
2. Maheshwari
Private equity refers to capital that is not traded publicly. The acquisition of public manufacturing and retail firms, therefore, refers to privatization. Part of the entire firm is purchased by a high net worth individual or firm that aims at controlling it. This mostly involves buying the shares of the firm. This is mostly done by institutional investors such as pension funds and equity private firms (Chen, et al., 2020). This kind of acquisition has several effects on the firm. Some of these effects are outlined below.
a)
Huge amounts of funding
The process of private equity acquisition provides firms with a lot of capital that can transform their operations if properly budgeted for and utilized.
b)
Investor Involvement
As a result of the huge amounts of money invested by the institutional investors into the firms, they are actively involved in the operations of the firm to ensure maximization of value as opposed to other options of funding which allow for limited involvement by the lenders.
c)
Higher Retu.
MATH 114Discussion Board Forum 2 PromptPlease also pay close a.docxtienboileau
MATH 114
Discussion Board Forum 2 Prompt
Please also pay close attention to any additional specifications provided by your professor. Professors often will clarify their expectations regarding the format and presentation of your submission.
Topic – Causes of Death in 1980 and 2016
According to the 1980 Census, the United States population was approximately 226,540,000 in 1980. It grew to approximately 323,120,000 at the beginning of 2016. Using Census data for 1980 and estimates derived from mortality data for 2016, we arrive at the population estimates given in the table below:
Year
Total Population
Ages 15–24
Ages 25–44
Ages 45–64
1980
226,540,000
42,475,000
62,707,000
44,497,000
2016
323,120,000
43,500,000
85,150,000
84,300,000
The National Center for Health Statistics published a document entitled “Health, United States, 2015: With Special Feature on Racial and Ethnic Health Disparities” that includes a table listing the leading causes of death in 1980 by age bracket. The CDC further produced a National Vital Statistics Reports that provided similar information for the year 2016. Under the Project Instructions link in Blackboard, you’ll find Discussion Board Forum 2: Data, a spreadsheet showing the leading causes of death in both 1980 and 2016 for these 3 age categories. Each of the first 3 questions has both a computational part and a discussion part. To get full credit for each of the discussion parts, please cite a reference to support your claims. This should not be an excessively difficult task: you can easily find information online for most of the illnesses or other causes listed in the report. All you need to do is provide the website you used (though other resources are also permitted if you prefer to use one of those).
1. Assuming that the population numbers in the above table are relatively accurate, use the Discussion Board Forum 2: Data spreadsheet to compute the deaths per 1000 people for each age group in both 1980 and 2016. Deaths per 1000 people is computed using the formula Deaths per 1000 = (# of deaths) / (total population) Do not round your answer to the nearest whole number, provide at least 2 decimal places (but no more than 4). Give these 6 values (e.g. deaths per 1000 people for ages 15–24 in 1980) and then cite a reference to discuss what might account for the changes between the deaths per 1000 in 1 of these 3 age categories between 1980 and 2016. Your discussion should be at least 40 words.
2. Besides the changes in the overall death rate in the past 3 decades, the leading causes of death vary somewhat between 1980 and 2016. Choose 1 of the 3 age ranges and select 1 cause of death from the Discussion Board Forum 2: Data spreadsheet that strikes you as noteworthy and that appears in both the 1980 and 2016 lists. For the cause of death that you selected, compute the number of deaths per 1000 in both 1980 and 2016 for your chosen age group. Do not round your answer to the nearest whole number,.
MaterialsGeology.com (httpsgeology.comrocks) as .docxtienboileau
Materials:
Geology.com (
https://geology.com/rocks/
) as a reference.
Rock pictures available in in the Google folder “Pictures for Rocks Lab”
Part 1 - Igneous Rocks
1. The texture of igneous rock is typically described as phaneritic, aphanitic, glassy, or vesicular. Briefly
describe
what each of these textures means, and how it relates to the
rate of cooling
to form the rock.
Texture
Description
Rate of Cooling
Phaneritic
Aphanitic
Glassy
Vesicular
2. Using the website and your lecture notes, state the texture for each of the following rocks.
Rock
Texture
Gabbro
Rhyolite
Obsidian
Andesite
Pumice
Granite
Basalt
Diorite
3. The composition of igneous rock is typically described as felsic, intermediate, mafic, or ultramafic. The composition of the igneous rock is determined by the minerals that are in the magma or lava that forms the rock. State the type of color that is found in igneous rocks of each type of composition. (Choose from
light, dark, dark greenish, and in between light and dark.
)
Composition
Color
Felsic
Intermediate
Mafic
Ultramafic
4. Using the website and your notes, state the composition (felsic, intermediate, mafic, ultramafic) for each of the following rocks.
Rock
Composition
Gabbro
Rhyolite
Obsidian
Andesite
Pumice
Granite
Basalt
Diorite
5. Complete the following table to identify the pictures of igneous rocks.
Texture:
phaneritic, aphanitic, glassy, or vesicular
Composition:
felsic, intermediate, mafic, or ultramafic
Igneous Rock Name:
Basalt, granite, etc.
Number
Texture
Composition
Igneous Rock Name
1
2
3
4
5
6
7
8
Part 2 - Sedimentary Rocks
1. Sedimentary rocks are classified by the materials that most directly make up the rock. Briefly describe the three basic types of composition for sedimentary rocks.
Composition
Description
Clastic
Chemical
Organic
2. Using the website and your lecture notes, state the composition of each of the following types of rocks.
Rock
Composition
Sandstone
Coquina
Shale
Bituminous coal
Limestone
Conglomerate
3. Carbonate minerals, such as calcite (CaCO3) will undergo a chemical reaction with HCl to create CO2, which is a gas at room temperature. Therefore, when HCl is applied to these minerals, they will bubble or fizz. Considering which carbonates we have discussed, and which sedimentary rocks are made of these minerals, complete the chart below with which rocks you would expect to produce bubbles when you apply HCl.
Rock
Produce bubbling when HCl is applied?
Sandstone
Coquina
Shale
Bituminous coal
Limestone
Conglomerate
4. Complete the following table to identify the pictures of sedimentary rocks.
Composition:
clastic, chemical, or organic
Mineral Composition
(
for chemical sedimentary rocks only!
): state dominante mineral present
Reaction with HCl:
if reaction with HCl is expected, based on chemical composition
Sedimentary Rock Name:
sandstone, bituminous coal, e.
Master75.18473.416-216.822-62.774-98.972229103.995-200225121
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Human Resource Information Management Model based on
Blockchain Technology
Xin Wang
School of Traffic and Transportation Management
Dalian Maritime University
Dalian, P. R. China
Libo Feng*, Hui Zhang
Digital Society & Blockchain Laboratory,
School of Computer Science and Engineering,
Beihang University
Beijing, P. R. China
Chan Lyu,
Assistant Professor, School of Business,
Macau University of Science and Technology
Macau, P. R. China
Li Wang Yue You
School of Economics and Management
Beihang University
Beijing, P. R. China
Abstract
The authenticity of human resource
information has become an important factor that
affects the cost and efficiency of human resource
management. With the rapid development of
mobile devices and Internet technology, various
human resource risks caused by information
asymmetry constantly bring economic loss, and
even a fatal blow, to enterprises. Based on
Blockchain(BC), this paper aims to combine
traditional encryption technology with Internet-
distributed technology, to establish a human
resource information management model that
reduces the risk of authenticity of human resource
information. This model aims to solve the lack of
discrimination of the authenticity of human
resource information, and to provide authentic and
effective decision support information to the
human resource management of an organization.
The operation method, such as Bitcoin, is used to
certify the human resource documentations, as
well as to bind the information and the
documentation. Furthermore, human resource
information is recorded in an accounting book
based on BC technology; thus, modifying and
validating may be difficult in the entire net work.
Consensus mechanism, smart contract, accounting,
and payment functions of BC can provide the basic
support for human resource information
management. Moreover, decentralization of the
protection mechanism can be achieved to achieve
low cost and high efficiency of information transfer,
and to ensure a.
This presentation was provided by Racquel Jemison, Ph.D., Christina MacLaughlin, Ph.D., and Paulomi Majumder. Ph.D., all of the American Chemical Society, for the second session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session Two: 'Expanding Pathways to Publishing Careers,' was held June 13, 2024.
A Visual Guide to 1 Samuel | A Tale of Two HeartsSteve Thomason
These slides walk through the story of 1 Samuel. Samuel is the last judge of Israel. The people reject God and want a king. Saul is anointed as the first king, but he is not a good king. David, the shepherd boy is anointed and Saul is envious of him. David shows honor while Saul continues to self destruct.
🔥🔥🔥🔥🔥🔥🔥🔥🔥
إضغ بين إيديكم من أقوى الملازم التي صممتها
ملزمة تشريح الجهاز الهيكلي (نظري 3)
💀💀💀💀💀💀💀💀💀💀
تتميز هذهِ الملزمة بعِدة مُميزات :
1- مُترجمة ترجمة تُناسب جميع المستويات
2- تحتوي على 78 رسم توضيحي لكل كلمة موجودة بالملزمة (لكل كلمة !!!!)
#فهم_ماكو_درخ
3- دقة الكتابة والصور عالية جداً جداً جداً
4- هُنالك بعض المعلومات تم توضيحها بشكل تفصيلي جداً (تُعتبر لدى الطالب أو الطالبة بإنها معلومات مُبهمة ومع ذلك تم توضيح هذهِ المعلومات المُبهمة بشكل تفصيلي جداً
5- الملزمة تشرح نفسها ب نفسها بس تكلك تعال اقراني
6- تحتوي الملزمة في اول سلايد على خارطة تتضمن جميع تفرُعات معلومات الجهاز الهيكلي المذكورة في هذهِ الملزمة
واخيراً هذهِ الملزمة حلالٌ عليكم وإتمنى منكم إن تدعولي بالخير والصحة والعافية فقط
كل التوفيق زملائي وزميلاتي ، زميلكم محمد الذهبي 💊💊
🔥🔥🔥🔥🔥🔥🔥🔥🔥
Andreas Schleicher presents PISA 2022 Volume III - Creative Thinking - 18 Jun...EduSkills OECD
Andreas Schleicher, Director of Education and Skills at the OECD presents at the launch of PISA 2022 Volume III - Creative Minds, Creative Schools on 18 June 2024.
This presentation was provided by Rebecca Benner, Ph.D., of the American Society of Anesthesiologists, for the second session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session Two: 'Expanding Pathways to Publishing Careers,' was held June 13, 2024.
Gender and Mental Health - Counselling and Family Therapy Applications and In...PsychoTech Services
A proprietary approach developed by bringing together the best of learning theories from Psychology, design principles from the world of visualization, and pedagogical methods from over a decade of training experience, that enables you to: Learn better, faster!
Philippine Edukasyong Pantahanan at Pangkabuhayan (EPP) CurriculumMJDuyan
(𝐓𝐋𝐄 𝟏𝟎𝟎) (𝐋𝐞𝐬𝐬𝐨𝐧 𝟏)-𝐏𝐫𝐞𝐥𝐢𝐦𝐬
𝐃𝐢𝐬𝐜𝐮𝐬𝐬 𝐭𝐡𝐞 𝐄𝐏𝐏 𝐂𝐮𝐫𝐫𝐢𝐜𝐮𝐥𝐮𝐦 𝐢𝐧 𝐭𝐡𝐞 𝐏𝐡𝐢𝐥𝐢𝐩𝐩𝐢𝐧𝐞𝐬:
- Understand the goals and objectives of the Edukasyong Pantahanan at Pangkabuhayan (EPP) curriculum, recognizing its importance in fostering practical life skills and values among students. Students will also be able to identify the key components and subjects covered, such as agriculture, home economics, industrial arts, and information and communication technology.
𝐄𝐱𝐩𝐥𝐚𝐢𝐧 𝐭𝐡𝐞 𝐍𝐚𝐭𝐮𝐫𝐞 𝐚𝐧𝐝 𝐒𝐜𝐨𝐩𝐞 𝐨𝐟 𝐚𝐧 𝐄𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫:
-Define entrepreneurship, distinguishing it from general business activities by emphasizing its focus on innovation, risk-taking, and value creation. Students will describe the characteristics and traits of successful entrepreneurs, including their roles and responsibilities, and discuss the broader economic and social impacts of entrepreneurial activities on both local and global scales.
How Barcodes Can Be Leveraged Within Odoo 17Celine George
In this presentation, we will explore how barcodes can be leveraged within Odoo 17 to streamline our manufacturing processes. We will cover the configuration steps, how to utilize barcodes in different manufacturing scenarios, and the overall benefits of implementing this technology.
Level 3 NCEA - NZ: A Nation In the Making 1872 - 1900 SML.pptHenry Hollis
The History of NZ 1870-1900.
Making of a Nation.
From the NZ Wars to Liberals,
Richard Seddon, George Grey,
Social Laboratory, New Zealand,
Confiscations, Kotahitanga, Kingitanga, Parliament, Suffrage, Repudiation, Economic Change, Agriculture, Gold Mining, Timber, Flax, Sheep, Dairying,
26. Union wanted 57%, owners only offered 50%
Owners locked out the players, cancelling the start of the season
After months of legal threats and lost revenue, players finally
accepted owners’ initial offer
4
2: Texaco
In 1985, Texaco was found guilty by a Texas jury for
interfering with Pennzoil’s attempt to buy Getty Oil.
Texaco was fined $10.5 billion, but appealed the verdict and
began negotiating with Pennzoil.
In 1987, Texaco filed for bankruptcy. Pennzoil was then unable
to seize control of Texaco’s assets.
Texaco was also freed from the responsibility to pay interest
and dividends.
One year later Texaco and Pennzoil settled the case, with
Texaco having to pay only $3 billion. Texaco successfully used
bankruptcy to reduce its liability by over 70%
This chapter examines bargaining, and strategies to improve
your bargaining position, like those used by Bear Stearns and
Texaco .
5
Introduction: Bargaining
There are two complementary ways to look at bargaining:
the strategic view analyzes bargaining using the tools of game
theory (ch 15). Bargaining can be viewed as either a
simultaneous-move game with two equilibria or a sequential-
move game, where one player gains an advantage by committing
to a position.
the non-strategic view acknowledges that real life negotiations
don’t have fixed rules as formal games do. This view postulates
that the alternatives to agreement determine the terms of
agreement, regardless of the rules of the negotiating game.
27. If you can increase your opponent’s relative gain, or decrease
your own, you can gain a bigger share of the pie.
By declaring (or threatening) bankruptcy, Bear Stearns and
Texaco were able to improve their bargaining “position”, i.e.,
by changing the alternatives to agreement, they changed the
terms of agreement.
6
Bargaining: a simultaneous-move game
Example: Wage negotiations
Management and labor are bargaining over a fixed sum of $200
million
Two possible strategies are available to each player: “bargain
hard” or “accommodate.”
If both bargain hard, no deal is reached. Neither side gains.
If both accommodate, they split the gains from trade.
If one player bargains hard and the other accommodates, then
the player who bargains hard takes 75% of the “pie”
7
Bargaining: a simultaneous game (cont.)
There are two equilibria for this game
Management prefers the lower-left equilibrium
Labor prefers the upper-right.
This bargaining game has the same structure as a game of
“chicken”
Each party can gain by committing to a position, which turns it
into a sequential game
8
Bargaining: a sequential-move game
In sequential-move bargaining the first “player” makes an offer
28. that the second “player” can accept or refuse.
Again to analyze a sequential-move game look ahead and reason
back.
The first-mover “looks ahead and reasons back” to determine
the how her rival will react to each possible move. Then the
first-mover can determine the consequences of each possible
move.
In this case, the sequential-move games present a “first-mover
advantage,” i.e., by moving first a player can gain an advantage.
Using the same wage negotiation example, we can look at
sequential-move bargaining and first-mover advantage.
9
Bargaining game: first-mover advantage
Management “wins” by moving first and making a low offer
10
Bargaining game: first-mover advantage
Union can change the outcome by credibly committing to strike
if a low offer is made
11
Sequential-move bargaining (cont.)
Because the management has the first-mover advantage, it is in
their best interest to make a low offer, and it is in the union’s
best interest to accept that offer.
However, if the union can effectively threaten to strike (in such
a way that the management believes them) they can change the
outcome of the game despite management’s first-mover
advantage.
Credible threats are hard to make because they require the union
29. act against its self interest.
If management doesn’t believe the threat, the union might
actually have to follow through on the threat.
So, again, the best threat is one you never have to use.
12
Non-strategic View of Bargaining
The outcome in strategic bargaining “games” is dependent on
the rules of the game, but in real life, the rules are not always
clear.
John Nash proved that any reasonable outcome to a bargain
would maximize the product of the bargainers’ surplus.
This is known as an “axiomatic” or “non-strategic” view of
bargaining.
In this view, the gains from bargaining relative to the
alternatives to bargaining, determine the terms of any bargain.
This view also teaches that to increase your bargaining power,
you can increase your opponent’s gain from reaching agreement
or decrease your own.
If your rival has more to gain by agreeing, he becomes more
eager to reach agreement, and accepts a smaller share of the
surplus.
13
Non-strategic view (cont.)
Nash’s axiomatic approach:
[ S1(z) – D1 ] x [ (S2(z) – D2 ] , where:
z is the agreement
S1(z) is the value of the agreement to player 1 (sub 2 for player
two)
D1 is “disagreement value,” or pay-off if no agreement is
reached, for player 1 (sub 2 for player two)
So player 1’s gain from agreement is (S1(z) – D1)
14
30. Non-strategic view (cont.)
For example, two brothers are bargaining over a dollar.
If no agreement is reached, neither participant gains.
If they reach an agreement (z)
Player one, the older brother, has a surplus of z
Player two, the younger brother, has a surplus of 1 – z
Nash’s solution is for them to “split” the gains from trade, i.e.,
{½, ½} is the axiomatic solution.
But, now the older brother receives a $0.50 bonus for “sharing
nicely,” and the total gain rises from $1.00 to $1.50
The Nash bargaining outcome is for the brothers to split to total
gains – each receiving $0.75, meaning the older brother
effectively shares half of his bonus.
By increasing the first player’s gain to reaching agreement, he
becomes more eager to reach agreement, and “shares” his gain
with his brother.
15
Bonuses for agreement
Giving a bonus for reaching agreement is similar to incentive
compensation schemes used by many companies.
When salespeople are offered bonuses it increases their
eagerness to reach agreement and this induces them to accept
“weaker” agreements.
So giving salespeople such a bonus driven incentive will lead to
lower prices when they negotiate with customers.
(This concept will be further addressed in chapter 20)
16
Alternatives to agreement
Nash’s bargaining solution incorporates the effect of
alternatives to agreement on the agreement itself. This creates
31. some sound bargaining advice:
To improve your own bargaining position, increase your
opponent’s gain from reaching agreement, S2(z) – D2, or reduce
your own gain from reaching agreement, S1(z) – D1.
When you increase your opponent’s gain in agreement, you
make him more willing to agree.
Reducing your own gain makes you less willing to compromise
and helps to improve your position.
17
How Nash’s view differs from strategic
The strategic view of bargaining places a greater emphasis on
timing and commitment in determining the outcome of the
game.
With the labor/management example, the union’s commitment
to strike, or management making the first move, changes the
equilibrium of the game.
But neither action changes the gains of the agreement so neither
would affect the Nash bargaining outcome.
The Nash bargaining outcome incorporates the idea that if you
decrease your own gain to agreement you become a better
bargainer.
EXAMPLE: the best time to ask for a raise is when you have
another attractive offer waiting for you, you have less to gain
by reaching agreement. Your bargaining position improves.
This is similar to the idea of “opportunity cost.” The
opportunity cost of staying at your current job is giving up the
new offer; if the new job pays more, you’re costs (bottom line)
go up.
18
Improving a Bargaining Position
Discussion Question: When is the best time to buy a car?
Hint: Remember, car salesmen are generally paid a commission
32. for the sales they make.
Discussion Question: How can mergers or acquisitions improve
bargaining power?
19
Merger bargaining example
A Managed Care Organization (MCO) markets its network to an
employer
Network value is $100 if it contains either one of two local
hospitals
But the value rises to $120 if it contains both
And there is no value without at least one of the hospitals
The gain to the MCO from adding either of the hospitals to its
network when it already has the other is $20
Nash bargaining solution predicts this is evenly split
So, each hospital gets $10 for joining the MCO
But if the hospitals merge and bargain together,
The MCO can no longer drop one of the hospitals, so the gain
from striking a bargain with the merged hospital is the full $120
The gain is evenly split in the Nash bargaining solution
The merged hospitals thus receive $60, a post-merger gain of
$40
20
Health care mergers
In Rhode Island in 2003, Blue Cross Blue Shield (BCBS, the
health insurance company covering state employees) hired
PharmaCare to provide pharmaceutical services.
PharmaCare created a network of retail pharmacies willing to
sell drugs to state employees at discounted rates.
The previous contract had allowed employees to buy from any
pharmacy but was considerably more expensive.
In the new PharmaCare contract, 4 retail pharmacies were
excluded from the plan. These 4 firms lobbied RI legislature to
33. include them in the new plan and offered to provide the same
discounted price but PharmCare declined their request to join.
Pharmacare maintained that allowing the other stores to join
would eliminate the savings generated by having a restricted
network. PharmaCare’s bargaining position would deteriorate.
Many politicians, though, like “freedom-of-choice” bills that
would open any pharmacy willing to meet the negotiated prices.
21
Title?
Under the 2002 CHAOS (Create Havoc Around Our System)
plan, flight attendants threatened to either stage a mass walkout
for several days or to strike individual flights of Midwest
Express, with no advance warning to either customers or
management.
Midwest Express reacted by cancelling all flight attendant
vacation, and threatened to lock out any employee who
participated in the strike
Flight attendant union promised funding from its strike fund to
support any attendant who ended up locked out.
The biggest strength of the union’s threat was that it could be
effective without full implementation.
The threat of random strikes was enough to push passengers to
other airlines.
After 30 days of CHAOS, the union successfully negotiated a
new contract.
22
Management
Union
low offer generous offer
acceptstrike
0 , 0 150 , 50 50 , 150
acceptstrike
35. n
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Managerial
eConoMiCS
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Managerial Economics, Fifth Edition
Luke M. Froeb, Brian T. McCann,
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In loving memory of Lisa, and for our families: Donna,
David, Jake, Halley, Scott, Chris, Leslie, Jacob, Eliana,
Cindy, Alex, and Chris
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v
Preface: Teaching Students to Solve Problems xiii
SECTION I Problem Solving and Decision Making 1
1 Introduction: What This Book Is About 3
2 The One Lesson of Business 15
3 Benefits, Costs, and Decisions 25
4 Extent (How Much) Decisions 37
5 Investment Decisions: Look Ahead and Reason Back 49
44. SECTION II Pricing, Costs, and Profits 65
6 Simple Pricing 67
7 Economies of Scale and Scope 83
8 Understanding Markets and Industry Changes 95
9 Market Structure and Long-Run Equilibrium 113
10 Strategy: The Quest to Keep Profit from Eroding 125
11 Foreign Exchange, Trade, and Bubbles 137
SECTION III Pricing for Greater Profit 151
12 More Realistic and Complex Pricing 153
13 Direct Price Discrimination 163
14 Indirect Price Discrimination 171
SECTION IV Strategic Decision Making 183
15 Strategic Games 185
16 Bargaining 205
SECTION V Uncertainty 215
17 Making Decisions with Uncertainty 217
18 Auctions 233
19 The Problem of Adverse Selection 243
20 The Problem of Moral Hazard 255
BrieF COnTenTS
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vi BRIEF CONTENTS
SECTION VI Organizational Design 267
21 Getting Employees to Work in the Firm’s Best Interests 269
22 Getting Divisions to Work in the Firm’s Best Interests 283
23 Managing Vertical Relationships 295
SECTION VII Wrapping Up 307
24 Test Yourself 309
Epilogue: Can Those Who Teach, Do? 315
Glossary 317
Index 325
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vii
Preface: Teaching Students to Solve Problems xiii
SECTION I Problem Solving and Decision Making 1
CHAPTER 1 INTRODUCTION: WHAT THIS BOOk IS ABOUT
3
1.1 Using Economics to Solve Problems 3
1.2 Problem-Solving Principles 4
1.3 Test Yourself 6
1.4 Ethics and Economics 7
1.5 Economics in Job Interviews 9
Summary & Homework Problems 11
End Notes 13
CHAPTER 2 THE ONE LESSON Of BUSINESS 15
47. 2.1 Capitalism and Wealth 16
2.2 Does the Government Create Wealth? 17
2.3 How Economics Is Useful to Business 18
2.4 Wealth Creation in Organizations 21
Summary & Homework Problems 21
End Notes 23
CHAPTER 3 BENEfITS, COSTS, AND DECISIONS 25
3.1 Background: Variable, Fixed, and Total Costs 26
3.2 Background: Accounting versus Economic Profit 27
3.3 Costs Are What You Give Up 29
3.4 Sunk-Cost Fallacy 30
3.5 Hidden-Cost Fallacy 32
3.6 A Final Warning 32
Summary & Homework Problems 33
End Notes 36
CHAPTER 4 ExTENT (HOW MUCH) DECISIONS 37
4.1 Fixed Costs Are Irrelevant to an Extent Decision 38
4.2 Marginal Analysis 39
4.3 Deciding between Two Alternatives 40
COnTenTS
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CONTENTSviii
4.4 Incentive Pay 43
4.5 Tie Pay to Performance Measures That Reflect Effort 44
4.6 Is Incentive Pay Unfair? 45
Summary & Homework Problems 46
End Notes 48
CHAPTER 5 INVESTMENT DECISIONS: LOOk AHEAD AND
REASON BACk 49
5.1 Compounding and Discounting 49
5.2 How to Determine Whether Investments Are Profitable 51
5.3 Break-Even Analysis 53
5.4 Choosing the Right Manufacturing Technology 55
5.5 Shut-Down Decisions and Break-Even Prices 56
5.6 Sunk Costs and Post-Investment Hold-Up 57
Summary & Homework Problems 60
End Notes 62
49. SECTION II Pricing, Costs, and Profits 65
CHAPTER 6 SIMPLE PRICING 67
6.1 Background: Consumer Values and Demand Curves 68
6.2 Marginal Analysis of Pricing 70
6.3 Price Elasticity and Marginal Revenue 72
6.4 What Makes Demand More Elastic? 75
6.5 Forecasting Demand Using Elasticity 76
6.6 Stay-Even Analysis, Pricing, and Elasticity 77
6.7 Cost-Based Pricing 78
Summary & Homework Problems 78
End Notes 81
CHAPTER 7 ECONOMIES Of SCALE AND SCOPE 83
7.1 Increasing Marginal Cost 84
7.2 Economies of Scale 86
7.3 Learning Curves 87
7.4 Economies of Scope 89
7.5 Diseconomies of Scope 90
Summary & Homework Problems 91
End Notes 94
CHAPTER 8 UNDERSTANDING MARkETS AND INDUSTRy
CHANGES 95
50. 8.1 Which Industry or Market? 95
8.2 Shifts in Demand 96
8.3 Shifts in Supply 98
8.4 Market Equilibrium 99
8.5 Predicting Industry Changes Using Supply and Demand 100
8.6 Explaining Industry Changes Using Supply and Demand
103
8.7 Prices Convey Valuable Information 104
8.8 Market Making 106
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CONTENTS ix
Summary & Homework Problems 108
End Notes 111
CHAPTER 9 MARkET STRUCTURE AND LONG-RUN
EqUILIBRIUM 113
51. 9.1 Competitive Industries 114
9.2 The Indifference Principle 116
9.3 Monopoly 120
Summary & Homework Problems 121
End Notes 123
CHAPTER 10 STRATEGy: THE qUEST TO kEEP PROfIT
fROM ERODING 125
10.1 A Simple View of Strategy 126
10.2 Sources of Economic Profit 128
10.3 The Three Basic Strategies 132
Summary & Homework Problems 134
End Notes 136
CHAPTER 11 fOREIGN ExCHANGE, TRADE, AND BUBBLES
137
11.1 The Market for Foreign Exchange 138
11.2 The Effects of a Currency Devaluation 140
11.3 Bubbles 142
11.4 How Can We Recognize Bubbles? 144
11.5 Purchasing Power Parity 146
Summary & Homework Problems 147
End Notes 149
SECTION III Pricing for Greater Profit 151
52. CHAPTER 12 MORE REALISTIC AND COMPLEx PRICING
153
12.1 Pricing Commonly Owned Products 154
12.2 Revenue or Yield Management 155
12.3 Advertising and Promotional Pricing 157
12.4 Psychological Pricing 158
Summary & Homework Problems 160
End Notes 162
CHAPTER 13 DIRECT PRICE DISCRIMINATION 163
13.1 Why (Price) Discriminate? 164
13.2 Direct Price Discrimination 166
13.3 Robinson-Patman Act 167
13.4 Implementing Price Discrimination 168
13.5 Only Schmucks Pay Retail 169
Summary & Homework Problems 169
End Notes 170
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53. CONTENTSx
CHAPTER 14 INDIRECT PRICE DISCRIMINATION 171
14.1 Indirect Price Discrimination 172
14.2 Volume Discounts as Discrimination 176
14.3 Bundling Different Goods Together 177
Summary & Homework Problems 178
End Notes 181
SECTION IV Strategic Decision Making 183
CHAPTER 15 STRATEGIC GAMES 185
15.1 Sequential-Move Games 186
15.2 Simultaneous-Move Games 188
15.3 Prisoners’ Dilemma 190
15.4 Other Games 195
Summary & Homework Problems 199
End Notes 202
CHAPTER 16 BARGAINING 205
16.1 Strategic View of Bargaining 206
16.2 Nonstrategic View of Bargaining 208
16.3 Conclusion 210
54. Summary & Homework Problems 211
End Note 214
SECTION V Uncertainty 215
CHAPTER 17 MAkING DECISIONS WITH UNCERTAINTy
217
17.1 Random Variables and Probability 218
17.2 Uncertainty in Pricing 222
17.3 Data-Driven Decision Making 223
17.4 Minimizing Expected Error Costs 226
17.5 Risk versus Uncertainty 227
Summary & Homework Problems 228
End Notes 231
CHAPTER 18 AUCTIONS 233
18.1 Oral Auctions 234
18.2 Second-Price Auctions 235
18.3 First-Price Auctions 236
18.4 Bid Rigging 236
18.5 Common-Value Auctions 238
Summary & Homework Problems 240
End Notes 242
CHAPTER 19 THE PROBLEM Of ADVERSE SELECTION 243
55. 19.1 Insurance and Risk 243
19.2 Anticipating Adverse Selection 244
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CONTENTS xi
19.3 Screening 246
19.4 Signaling 249
19.5 Adverse Selection and Internet Sales 250
Summary & Homework Problems 251
End Notes 253
CHAPTER 20 THE PRoblEm of moRAl HAzARd 255
20.1 Introduction 255
20.2 Insurance 256
20.3 Moral Hazard versus Adverse Selection 257
20.4 Shirking 258
20.5 Moral Hazard in Lending 260
56. 20.6 Moral Hazard and the 2008 Financial Crisis 261
Summary & Homework Problems 262
End Notes 265
SECTIoN VI organizational design 267
CHAPTER 21 GETTING EmPloyEES To WoRk IN THE fIRm’S
bEST INTERESTS 269
21.1 Principal–Agent Relationships 270
21.2 Controlling Incentive Conflict 271
21.3 Marketing versus Sales 273
21.4 Franchising 274
21.5 A Framework for Diagnosing and Solving Problems 275
Summary & Homework Problems 278
End Notes 281
CHAPTER 22 GETTING dIVISIoNS To WoRk IN THE fIRm’S
bEST INTERESTS 283
22.1 Incentive Conflict between Divisions 283
22.2 Transfer Pricing 285
22.3 Organizational Alternatives 287
22.4 Budget Games: Paying People to Lie 289
Summary & Homework Problems 291
End Notes 294
57. CHAPTER 23 mANAGING VERTICAl RElATIoNSHIPS 295
23.1 How Vertical Relationships Increase Profit 296
23.2 Double Marginalization 297
23.3 Incentive Conflicts between Retailers and Manufacturers
297
23.4 Price Discrimination 299
23.5 Antitrust Risks 300
23.6 Do Buy a Customer or Supplier Simply Because It Is
Profitable 301
Summary & Homework Problems 302
End Notes 304
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WCN 02-200-203
CONTENTSxii
SECTION VII Wrapping Up 307
CHAPTER 24 TEST yOURSELf 309
58. 24.1 Should You Keep Frequent Flyer Points for Yourself? 309
24.2 Should You Lay Off Employees in Need? 310
24.3 Manufacturer Hiring 310
24.4 American Airlines 311
24.5 Law Firm Pricing 311
24.6 Should You Give Rejected Food to Hungry Servers? 312
24.7 Managing Interest-Rate Risk at Banks 313
24.8 What You Should Have Learned 313
Epilogue: Can Those Who Teach, Do? 315
Glossary 317
Index 325
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WCN 02-200-203
xiii
59. teaching students to solve Problems1
by Luke Froeb
When I started teaching MBA students, I taught economics as I
had learned
it, using models and public policy applications. My students
complained so
much that the dean took me out to the proverbial woodshed and
gave me
an ultimatum, “improve customer satisfaction or else.” With the
help of some
disgruntled students who later became teaching assistants, I was
able to turn
the course around.
The problem I faced can be easily described using the language
of eco-
nomics: the supply of business education (professors are trained
to provide
abstract theory) is not closely matched to demand (students
want practical
knowledge). This mismatch is found throughout academia, but it
is perhaps
most acute in a business school. Business students expect a
return on a fairly
60. sizable investment and want to learn material with immediate
and obvious
value.
One implication of the mismatch is that teaching economics in
the usual
way—with models and public policy applications—is not likely
to satisfy stu-
dent demand. In this book, we use what we call a “problem-
solving pedagogy”
to teach microeconomic principles to business students. We
begin each chapter
with a business problem, like the fixed-cost fallacy, and then
give students just
enough analytic structure to understand the cause of the
problem and how to
fix it.
Teaching students to solve real business problems, rather than
learn models,
satisfies student demand in an obvious way. Our approach also
allows stu-
dents to absorb the lessons of economics without as much of the
analytical
“overhead” as a model-based pedagogy. This is an advantage,
61. especially in a
terminal or stand-alone course, like those typically taught in a
business school.
To see this, ask yourself which of the following ideas is more
likely to stay
with a student after the class is over: the fixed-cost fallacy or
that the partial
derivative of profit with respect to price is independent of fixed
costs.
eleMenTS OF a PrOBleM-SOlving PedagOgy
Our problem-solving pedagogy has three elements.
PreFaCe
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xiv PREFaCE
62. 1. Begin with a Business Problem
Beginning with a real-world business problem puts the
particular ahead of the
abstract and motivates the material in a straightforward way.
We use narrow,
focused problems whose solutions require students to use the
analytical tools
of interest.
2. Teach Students to view inefficiency as an Opportunity
The second element of our pedagogy turns the traditional focus
of benefit–
cost analysis on its head. Instead of teaching students to spot
and eliminate
inefficiency, for example, by changing public policy, we teach
them to view
each underemployed asset as a money-making opportunity.
3. Use economics to implement