You require a specialized part for your production process, but the requirements of thepart are expected to change frequently.

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Subject: Economics    / Accounting

Question #2 (10 points)
For the following scenarios, circle whether you think it would be optimal for the firm to acquireits inputs using a spot market, contract, or vertical integration, and briefly (1-2 sentences)explain why.

a) You are manufacturing a product that requires a motor with a non-standard design. The specifications are, however, straightforward write out.

Circle One: Spot Market / Contract / Vertical Integration

b) You’re a home builder, and you require a large number of nails for construction.

Circle one: Spot Market / Contract / Vertical Integration

c) You require a specialized part for your production process, but the requirements of thepart are expected to change frequently. This would mean costly renegotiation of any contracts you have with the part supplier.

Circle One: Spot Market / Contract / Vertical Integration

 

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Create a memo proposal using the AIDA model in a MicrosoftWord in a minimum of 1400 words.

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cenario: In Week 3 you selected a product or service that you believe your organization should invest capital resources to develop the product or service for sale. To speed up the new product investment you decide to write a memo proposing and advocating for the launch of a new product or service to the company president.
Create a memo proposal using the AIDA model in a MicrosoftWord in a minimum of 1400 words. You will add an introduction and conclusion and your paper will include the following components:
Note: Main points from this memo will be included in the Week 5 Persuasive Presentation.
The following guidelines will help you effectively format specific memo elements Business Communication Essentials 7/e (Pg. 410):

 

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relate more to the abolitionist or the retentionist position?

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The text this comes from is

Timmons, M. Disputed Moral Issues: A Reader, 4th Edition, Oxford University Press.

In a paragraph (150 words minimum), please respond to the following questions:

Of the seven moral theories discussed in Chapter 1, which one do you consider to be the mostcompelling, and why?
Which of the seven moral theories do you consider to be the least compelling, and why?

Discussion 2

In a paragraph (150 words minimum), please respond to the following question:

Explain John Stuart Mill’s theory of higher and lower pleasures: Are there any problems inherent in the theory?
Overall, does Mill’s idea of higher and lower pleasures make sense to you? Why or why not?

Discussion 3

In a paragraph (150 words minimum), please respond to ONE of the following questions:

After reading the Gill essay, Discuss the logical point made by some opponents of PAS that it is impossible to be better off dead than alive. Even if the logical argument were sound, are there other reasons to claim that suicide for a terminally ill patient is morally justified?
What worries does Velleman raise about appeals to dignity and autonomy in arguments over euthanasia? Do you agree or disagree with him on this issue? Why or why not?

Discussion 4

In a paragraph (150 words minimum), please respond to the following questions:

Leopold suggests that economics should not be our only concern when it comes to the use of land. To what extent should economic considerations play a part in our treatment of nature and the environment?
Are there any situations in which economic concerns might trump environmental ones? If so, could you give an example?

Discussion 5

In a paragraph (150 words minimum), please respond to the following questions:

Do you relate more to the abolitionist or the retentionist position?
What do you see as the two strongest supporting arguments for your position, and why?

Discussion 6

In a paragraph (150 words minimum), please respond to the following questions:

Prior to reading the text, how would you have defined terrorism?
What is your understanding of terrorism now?
How would you account for the huge amount of terrorism in the 20th and 21st centuries?
What do you see as the ethically proper response to acts of terror?

Discussion 7

In a paragraph (150 words minimum), please respond to ONE of the following questions:

What do people spend money on that they either don’t need or rarely use other than those things mentioned by Singer? What things might people be most easily convinced to do without, and why?
Consider and discuss whether the Kantian argument for helping the vulnerable is more or less convincing than the traditional utilitarian arguments. What kinds of arguments would be the most likely to persuade people to help those in need?
Does Peter Singer’s greatest moral evil rule require that persons act in heroic ways or go above and beyond the call of duty as Arthur suggests? Explain your answer.

Discussion 8

In a paragraph (150 words minimum), please respond to ONE of the following questions:

Macedo distinguishes two possible ways, which he labels “humanitarian assistance” and “distributive justice,” of seeking to improve the condition of the poor. Explain these two approaches to assisting the poor. Do you agree or disagree with them? Why or why not?
Why does Macedo claim that cosmopolitan distributive justice “makes no sense”? Do you agree or disagree with him on this question?

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develop a plan that you will use to help you stay on track throughout the week.

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Time Plan
You should now have a solid understanding of the tools and techniques that can be used in managing your time as a graduate student. Your assignment this week is to develop a plan that you will use to help you stay on track throughout the week. You will list the resources that you feel could be beneficial in your growth as a graduate student.
The requirements below must be met for your paper to be accepted and graded:
References must come from sources such as scholarly journals found in EBSCOhost CNN online newspapers such as The Wall Street Journal government websites etc. Sources such as Wikis Yahoo Answers eHow blogs etc. are not acceptable for academic writing. A detailed explanation of how to cite a source using APA can be found here (link). Download an example here.

 

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How does systems thinking apply to an organization’s culture, goals, and structures?

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Assignment 1: Discussion—Applying Systems Thinking Organizations are rarely composed of just a single person or a single organization that functions without interacting with other people or organizations. There are many components or parts in an organization’s make-up, each contributing to the overall functioning of the organization and its behavior. If all the parts are working well, the organization operates efficiently. However, if one part stops functioning, this affects all the other parts and the overall organization. Though other parts may be able to compensate for the nonfunctioning part so that the organization continues to function, efficiency is lowered. Organizations have both internal and external parts—such as stakeholders. The challenges of nonfunctioning stakeholders can be internal, external, or both. Consider the aforementioned aspects, and using the module readings and the Argosy University online library resources, research the application of systems theory to organizations and their stakeholders.

Then, respond to the following:

•How does systems thinking apply to an organization’s culture, goals, and structures?
•How are the stakeholders of an organization interconnected and interrelated? Integrate various types of systems, such as open and closed systems, that might be present in organizations in your answer.
Give reasons and examples, supported with appropriate academic literature, when developing your responses. Be sure to cite to APA writing standards for paraphrases and direct quotes.
By the due date assigned, post your response to the appropriate Discussion Area. Through the end of the week, review and comment on at least two peers’ responses.

Write your initial response in 300–500 words.

Your response should be thorough and address all components of the discussion question in detail, include citations of all sources, where needed, according to the APA Style, and demonstrate accurate spelling, grammar, and punctuation

 

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What is an energy-isolating device?

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1. What is an energy-isolating device? 2. Are normal production operations covered by the standard? 3. What is a hasp used for? 4. Describe the typical steps in a lockout/tagout procedure. 5. Write a lockout/tagout procedure for a cell that contains electric and pneumatic energy.

 

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Explain your plan for implementing COBIT for Gardner Novelties. Your plan should include a discussion of the following elements:

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Sceniaro

William Montgomery Gardner III (WG) is the owner of Gardner Novelties, Inc., a large family business that designs and manufactures specialty items for sale at roadside restaurants around the country. The company has over 2,500 employees in 13 locations around the world. They have recently begun to outsource a lot of their manufacturing to China, Mexico and India. In spite of a bad economy, WG has been able to consistently grow the company’s revenues at a rate of over 10% per year over the last ten years. As a result, WG has decided to take the company public. The Initial Public Offering (IPO) is scheduled to take place next month.

WG calls you, Joseph K. Barnes (JB) into his office. You have been in charge of all Information Technology services for the company for the past 17 years. You have a staff of 12 direct reports in your department, of which 6 are located in the company headquarters office with you. Since the items being manufactured are not technical in nature, there has never been a lot of emphasis placed on protecting proprietary data in the corporate network. Most of your time is spent dealing with service calls and Internet disruptions, maintaining the firewall, and uploading software patches.

WG tells you of the plans for the company. You try to act surprised, but the rumor has been floating around the company for months now so it is anything but a surprise. You are a little alarmed by the fact that the IPO is planned for next month, however.

WG explains that once the IPO takes place, they will need to have everything in place to be in compliance with Sarbanes-Oxley. WG asks if you are familiar with Section 404 of SOX.

You struggle to find the right words. You’ve heard of Section 404 from friends and colleagues who have had to deal with it for years now, but you never though it was something you needed to know. You mention that you know Section 404 deals with management’s assessment of internal controls, and that the IT network will need to have some controls put in place.

WG tells you he needs a plan from you in one week on how to get the IT system in compliance with SOX. You will need to make a presentation to the Executive Committee (ExCom) on your plan. The ExCom will consist of, among others, WG, the COO, VP of Human Resources, and the CFO of the company. WG warns you not to let him down…there is a lot riding on this IPO and the investors and analysts want to know that the company will be in compliance with SOX.

JB walks out of the meeting and his head is spinning. He has one week to develop a plan to bring the company’s entire IT system into compliance with SOX. How is he supposed to do that? He decides that the first course of action will be to call a friend, Robert Rodes (RR), who works for a publicly-traded company. Maybe he can help point JB in the right direction.

Role

You will play the role of Joseph Barnes. Barnes has been with Gardner Novelties for 15 years and is the Chief Information Officer, a position he has help for over 7 years. His primary job responsibilities have been maintaining the firewall, patching software, virus removal and other similar duties. Barnes has a basic understanding of the requirements mandated by the Sarbanes-Oxley Act, but is not that familiar with COBIT.

Assignment

Read the You Decide scenario and decide on a response. Your goal is to identify the critical issues in the scenario and determine how you would resolve. Write a 3 to 4 page paper that addresses the following issues:

Explain your plan for implementing COBIT for Gardner Novelties. Your plan should include a discussion of the following elements:
What will Gardner Novelties be required to do with IT to remain in compliance with SOX?
What is COBIT and how can it help keep Gardner Novelties in compliance with SOX?
What are the benefits of using COBIT as opposed to other control frameworks?
What questions would you expect to receive from the Executive Committee of Gardner Novelties? Identify two questions that you could be asked and address how you would answer them.

Please provide at least 4 references using APA formating

 

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Where is the gap in care to address and prevent this health problem?

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Where is the gap in care to address and prevent this health problem?

Paper, Order, or Assignment Requirements

Consider primary and secondary prevention for the population at risk in your community.

Because you are experts on tertiary care, you need to focus your project on primary and secondary prevention at the community or system level of care. Sometimes organizing interventions at all three levels will help you to focus your project on primary prevention at the community and system level of care. You may include a secondary prevention at the community and system level of care. Just make sure you cover primary prevention well. (See shaded cells in the table below.) Note any gaps in care in your community at this time.

Nursing Interventions/Services
Level of Prevention Individual / Family Community System
Primary This is an important area to address, but do not focus your project on the individual Focus of Project Focus of Project
Secondary Do not focus on individuals for this project You may include secondary prevention in addition to primary prevention You may include a focus on secondary prevention in addition to primary prevention
Tertiary Up to now most of your practice has been focused at this level of care. (Acute Care) In this course you will focus on primary prevention.
Please address the following in your discussions:
? Share your progress: your population of interest (middle aged and elderly) and your initial ideas on what is needed to address the health problem (diabetes). (If it is helpful, use the chart above to map all levels of prevention. Highlight primary prevention and post for the group.)
? What do you know about this group so far? Who have you contacted about the population at risk?
? Where is the gap in care to address and prevent this health problem?
? Help each other to clarify the problem, help each other with sources of information.

additional information
Week 3: This week is about levels of prevention. Once a middle age or elderly patient is diagnosed with diabetes any interventions would be considered secondary and/or tertiary. Support is much needed for these middle age and elderly. However this project is focusing on primary prevention ? prevent the diabetes. What are some of the issues with primary prevention with diabetes? How would a patient?s culture impact your approach to primary prevention? (Secondary prevention is ok if primary prevention is well covered in your project.)

 

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.

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What are the implications of simultaneous federal and state involvement in the insurance process?

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Resources: Medical Insurance; the U.S. Department of Health & Human Services website

Refer to Ch. 10 of Medical Insurance.

Access the U.S. Department of Health & Human Services website. Navigate tohttp://www.cms.hhs.gov/home/medicaid.asp Select the Medicaid tab and review the program information.

Post a 260- to 350-word response to the following: Briefly discuss factors that determine Medicaid eligibility, and whether a procedure or service is covered. When can a provider bill a Medicaid patient directly for services? What are the implications of simultaneous federal and state involvement in the insurance process?

 

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Production possibility curve

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ECO365/ECO365 FINAL EXAMINATION (30/30)
1. Because you can only obtain more of one good by giving up some of another good, the shape of a production possibility curve is _______________.
downward-sloping
perfectly vertical
perfectly horizontal
upward-sloping
2. Refer to the table shown. The average product when eight workers are employed is _____6____
Number of workers Total Output
1 4
2 10
3 18
4 28
5 35
6 41
7 45
8 48
9 50
10 49
3. A resource is said to have a comparative advantage if
it is equally suited to the production of all goods.
its suitability to the production of one good changes as it produces more of that good.
its suitability to the production of one good does not change as it produces more of that good.
it is better suited to the production of one good than to the production of an alternative good.
4. Refer to the graph shown. Initially, the market is in equilibrium with price equal to $3 and quantity equal to 100. Government imposes a tax on suppliers of $1 per unit. The effect of the tax is to ?
lower the price consumers pay from $3 to $2.
lower the price sellers keep after paying the tax.
raise the price consumers pay from $3 to $4.
raise the price sellers keep after paying the tax.
5. Refer to the table shown. Diminishing marginal productivity begins when the?
fourth worker is hired.
sixth worker is hired.
third worker is hired.
fifth worker is hired
6. Refer to the graph shown. If this monopolistically competitive firm maximizes profit, it will
charge $45 per dress.
charge $85 per dress.
charge $78 per dress.
shut down because it cannot cover its opportunity costs
7. The price of a ticket to a rock concert is set at $35. All the tickets for the concert sell out 1 hour after they go on sale and there are still 1,000 fans who want to buy tickets. It follows that
the quantity of tickets demanded is equal to the quantity supplied at the $35 price.
the equilibrium price of tickets to the concert is less than $35.
the equilibrium price of tickets to the concert is more than $35.
the equilibrium price of tickets to the concert is $35.
8. Which of the following statements is true?
Many different production processes can be economically efficient, but only the method that involves the lowest possible cost is technically efficient.
Many different production processes can be technically efficient, but only the method that involves the lowest possible cost is economically efficient.
There are many production processes that are both technically and economically efficient, but only one of these involves the lowest possible cost.
There is only one production process that is technically efficient, and this process is also economically efficient.
9. State what type of business combination is occurring in the following scenario: Samsung and Sony become partners in a flat screen manufacturing company.
Joint venture
Conglomerate
Vertical merger
Horizontal merger
10. Suppose a firm finds that an additional dollar spent on labor increases output more than does an additional dollar spent on machines. Under these conditions, the firm
should substitute machines for labor if it wants to increase economic efficiency
is economically efficient
is technically efficient
should substitute labor for machines if it wants to increase economic efficiency
11. Economists and laypeople see the pros and cons of international trade in different ways. Which of the following is one of those ways?
Laypeople enjoy the benefits of trade in terms of lower consumer prices.
Laypeople recognize that the United States has a comparative advantage in services.
Laypeople tend to think of foreign trade only in terms of manufactured goods.
Laypeople believe in the law of one price and economists do not.
12. The morel is a prized mushroom that is often abundant in the Western United States in years after forest fires. Suppose two companies are buying morels from workers willing to find them. One company offers to pay workers $5.00 per pound, and the other company will pay workers only $4.00 per pound. Economists would say that
the lower-paying company will attract the more creative and innovative pickers and the higher-paying company will attract the others.
this situation violates the law of one price and is not likely to persist.
the higher-paying company will attract the more creative and innovative pickers and the lower-paying company will attract the others.
the company willing to pay only $4.00 has a comparative advantage in selling morels.
13. Which of the following is the best example of a macroeconomic externality?
One person saving less without considering the effect on their retirement needs
One person starting a business without knowing whether the goods will sell
Many people saving more without considering the effect on unemployment
One person spending more in order to help stimulate the economy
14. If MR < MC, a monopolist should: maintain the same level of production. stop producing. decrease production. increase production. 15. Opponents of government intervention in the economy argue that externalities may not be effectively corrected by the government. are themselves the inevitable result of government policies. do not create problems for the model. should be corrected with regulations rather than subsidies. 16. State what type of business combination is occurring in the following scenario: IBP meat processing firm buys American Cattle, a very large cattle ranch. Joint venture Vertical merger Horizontal merger Conglomerate 17. Refer to the graph shown. At which point is elasticity zero? B D C A 18. A Wall Street Journal headline reads: “Cigar Shortage Draws New Brands into Market.” The shortage resulted from a renewed interest in smoking cigars. What best describes the facts behind the headline? Price is too low, quantity demanded exceeds quantity supplied. The cigar market is in equilibrium. Price is too low, demand exceeds supply. A shift in supply has equilibrated supply and demand. 19. Refer to the graph shown. If hamburger dinners are produced by a perfectly competitive industry with a market demand D: price will equal marginal cost. output will be the same as it would be under monopoly. price will equal $6. price will be greater than marginal revenue. 20. State what type of business combination is occurring in the following scenario: Golf Smith, a golf supply retailer buys its competitor, Vango golf. Horizontal merger Conglomerate Joint venture Vertical merger 21. According to the text, Microeconomics, Colander (2013), economics is the study of how government policies can be used to meet individuals’ wants and desires. human beings coordinate their wants and desires. scarce resources are allocated to their most productive uses. governments allocate resources while facing constraints. 22. Oligopoly is characterized by low market concentration. inability to set price. no barriers to entry. few sellers. 23 When Ross Perot ran for president as a third party candidate in 1992, he argued that free trade with Mexico would result in massive job losses in the United States because Mexican wages were so low. Which of the following is the best explanation for why few economists agreed with Perot? Although economists agreed that in some areas the United States would lose jobs, they expected that the United States would gain jobs in other areas. Economists believed that the U.S. unemployment rate would rise. Although economists predicted that unemployment would rise, the increased profits of corporations would raise stock prices enough to compensate for the lost jobs. Economists did not believe that any jobs would be lost in the United States 24. Refer to the graph shown. The figure shows the demand and supply curves for eggs and shows two equilibrium points, E1 and E2. An increase in demand from D1 to D2 would cause price to decline from $1.25 to $1.00 a dozen and a shortage of 2,000 dozen eggs per week. price to rise from $1.00 to $1.25 a dozen and a surplus of 2,000 dozen eggs per week. price to rise from $1.00 to $1.25 a dozen and equilibrium quantity to be 3,000 dozen eggs per week. price to remain at $1.00 a dozen and a shortage of 2,000 dozen eggs per week 25 Germany restricts the use of nonrefillable bottles and cans. The European Union argues that the rules aren’t just protecting the environment; they also are protecting German beverage makers from competition. The EU sees Germany’s environmentalism as _____________________.? a quota a tariff a regulatory trade restriction an embargo 26. Oligopoly is probably the best market for technological change because funds for research and development are available in an oligopoly due to innovation, which motivates the need for research and development. the typical oligopoly lacks the funds for research and development and therefore will use basic research from universities. pricing within the typical oligopoly tends to be very close to average total cost because of the entry of new rivals if its profits are excessively high. research and development occurs only if government subsidizes such activity, and government tends to subsidize oligopolies 27. George Davis and Michael Wohlgenant estimate that for every 1 percent increase in the price of Christmas trees, quantity demanded falls by 0.6 percent. The demand for Christmas trees is __________________. perfectly inelastic inelastic elastic unit elastic 28. State what type of business combination is occurring in the following scenario: A tobacco producer buys a carbonated beverage plant. Joint venture Conglomerate Vertical merger Horizontal merger 29. Suppose the minimum possible price of constructing homes is $50 per square foot. As a result of a sharp drop in the demand for home construction, the equilibrium price of home construction falls to $40 per square foot. Assuming the home construction industry is perfectly competitive and there are no specialized inputs, firms will exit the industry, and the price will remain at $40 in the long run. enter the industry as the price rises above $40 in the long run. exit the industry, and the price will rise above $40 in the long run. exit the industry, and the price will fall below $40 in the long run. 30 Refer to the table shown. At what level of employment is the marginal product of labor seven? 7 5 2 4

 

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