Using the Stark Insurance Group data on closed claims for medical malpractice liability insurance (presented in the previous tables), determine if medical malpractice was more risky during the 2010-2013 period than it was in the 2014-2017 period.

Injury year Estimated # of claims Estimated $ per claim

2010 1021 $415,326.26

2011 1087 $448,871.57

2012 1184 $477,333.66

2013 1291 $490,215.19

2014 1191 $516,696.63

2015 1098 $587,233.93

2016 1055 $536,983.82

2017 1110 $403,504.39

1. Calculate the standard deviation in the estimated payment per claim for medical malpractice insurance over the four-year period 2010-2013

2. Calculate the standard deviation in the estimated payment per claim for medical malpractice insurance over the four-year period 2014-2017.

Using a model of production isoquant curves and isocost curves explain how a firm with a Cobb-Douglas production function will meet its quota for producing a necessary level of output while minimizing costs. How would this firm choose among competing production technologies or change its production when it implements an improved technology (innovation)?

How would you apply the assessment-training-evaluation cycle as related to culturally competent services in criminal justice agencies. Also, Provide an example of how you would implement this process in an agency.

How has technology and innovation impacted the criminal justice system?

What future technological innovations may impact the criminal justice system?

The chapter discussed the Internet as a disruptive innovation that has facilitated online retailing. It also, however, has presented challenges to brickand-mortar retailers. How might retailers such as Nordstrom, Neiman Marcus, or Macy’s need to change their in-store experience in order to continue to attract a flow of customers into their stores to expand sales using direct selling and
store displays of the actual merchandise? If the Internet continues to grow and sales of brick-andmortar retailers decline, how might the retailers attract, train, and retain high-quality employees if the industry is perceived as in decline?

b. Much has been said about competitive advantage gained from innovations such as the Internet, hightechnology gadgets, and apps. The chapter points out, however, that low-technology innovations such as the razor–razor-blade business model can also create value. Think of other low-technology innovations that are/were novel, useful, and successfully implemented so that the innovating firm gained a competitive advantage. Find information about the entrepreneurial story behind the innovation.

After reading Chapter 6 on Lean Systems, one obvious take away is that a huge component of successful Lean implementation is teamwork. A case could be made that Lean systems work better in some cultures than in others, depending how that culture values the collective. In essence, it comes down to Teamwork vs. Autonomy. For example, you could make a statement that Toyota is very good at Lean systems because Japanese culture traditionally values the collective over the individual. Think about a culture that you are familiar with and give your opinion on if you think that a Lean System would fair well there and why. A culture could be from a company, school, city, state, country, region, etc. I'm interested in what you think and your opinion here, so have some fun with the topic while being sensitive to all cultures and viewpoints.

CASE STUDY:

About Hewlett Packard Enterprise (HPE)… Technology innovation that fosters business transformation

We Are In the Acceleration Business We help customers use technology to slash the time it takes to turn ideas into value. In turn, they transform industries, markets and lives.
Some of our customers run traditional IT environments. Most are transitioning to a secure, cloudenabled, mobile-friendly infrastructure. Many rely on a combination of both. Wherever they are in that journey, we provide the technology and solutions to help them succeed
Technology That Fuels Transformation We make IT environments more efficient, productive and secure, enabling fast, flexible responses to a rapidly changing competitive landscape. We enable organisations to act quickly on ideas by delivering infrastructure that can be easily composed and recomposed to meet shifting demands so they can lead in today’s marketplace of disruptive innovation.
Solutions You Need to Succeed We deliver high-quality, high-value products, consulting and support services in a single package. That’s one of our principal differentiators. We have industry-leading positions in servers, storage, wired and wireless networking, converged systems, software, services and cloud. And with customised financing solutions and strategy, we can provide the right tech solutions for your unique business goals.
Innovating for Today and Tomorrow Hewlett Packard Enterprise has been in the innovation business for more than 75 years. Our vast intellectual property portfolio and global research and development capabilities are part of an innovation roadmap designed to help organisations of all sizes – from global enterprises to local startups – transition from traditional technology platforms to the IT systems of the future.

Hewlett Packard Enterprise Labs: Innovation That Fuels Growth The advanced research from Hewlett Packard Enterprise Labs changes the world. We’re a powerful innovation engine for Hewlett Packard Enterprise, our customers and our industry, delivering breakthrough technologies and pioneering revolutionary research. We address everything from IT trends to complex consumer and social challenges. That’s because our ideas and technology fuel the next generation of Hewlett Packard Enterprise products – and the next generation of technologists, teachers, physicians and artists At Hewlett Packard Enterprise, quality is everyone’s responsibility and it’s accelerating time to value. We are committed to continually improving and meeting requirements by embedding quality in everything we do. We earn customers’ trust by delivering exceptional experiences through partnering, innovation, and a bias for action. Newsroom Hewlett Packard Enterprise continually introduces new products and services, explores technology and market trends, and provides industry insight and best practices. Check out our latest news or contact the HPE media relations team
Internet of Things Powers Transformative Growth Internet of Things (IoT) will drive economic growth and efficiency with smarter homes, cars, factories, businesses, and entire cities. Governments can advance IoT adoption through public project deployments, increased spectrum availability, harmonization of global standards, and robust security and data protection
High-Performance Computing Solves Complex Problems Public-private collaboration and R&D investments are critical to leap to the next level of exascale computing and to maintain U.S. economic competitiveness through leadership in High-Performance Computing
Connectivity Makes It All Possible Spectrum availability is essential to the increasingly networked world. Campus connectivity allows innovative delivery of important public services, such as education and healthcare.
Tax Policies Foster Competitiveness Tax policies drive economic growth and job creation. U.S. tax reform should focus on achieving global competitiveness and encouraging R&D
Market Access Helps Us Reach Our Customers Improved market access enables our technologies to reach global customers. Trade agreements must reduce barriers and reflect the digital economy Sustainability Guides Our Approach Sustainability is part of Hewlett Packard Enterprise's DNA and guides our operations, innovation strategy, and employee engagement. Our sustainable technologies benefit our company, our customers, and our world. We encourage organisations to consider sustainability as an integral factor in technology decisions to meeting the data needs of the future Edge-centric, Cloud-enabled and Data-driven We live in a world where everything computes. Where technology, apps and data are driving digital transformation, reshaping markets and disrupting every industry. In this world, success favours enterprises that can invent, reinvent and deliver new outcomes at warp speed. Join us to explore the hottest technology trends and realise a vision for the future enterprise that will advance the way we live and work. You’ll find it all at Hewlett Packard Enterprise Discover 2018 Madrid

HPE Discover 2018: Madrid, 27 – 29 November Four powerful reasons to attend:

1. Insight Accelerate your digital transformation. Explore new trends, strategies and opportunities at the General Session, breakouts and one-on-one meetings. 2. Connection Achieve lasting success through shared talent and strong collaboration. Build career boosting relationships with peers, sponsors, partners and Hewlett Packard Enterprise experts.

3. Knowledge Learn the best of what's been accomplished before. Grow organizational strength through training, workshops and Hands-on Labs. 4. Enjoyment Focus on our rich agenda and networking opportunities by day, and enjoy a reward by night at the HPE Discover 2018 Celebration, with superb food and beverages.(www.google.com)

QUESTION

HPE focuses on planning. Debate this assertion by making reference to the case study. In your answer pay attention to the strengths and weaknesses of planning.   

QUESTION TWO

CASE STUDY: [45]

About Hewlett Packard Enterprise (HPE)… Technology innovation that fosters business transformation

We Are In the Acceleration Business We help customers use technology to slash the time it takes to turn ideas into value. In turn, they transform industries, markets and lives.
Some of our customers run traditional IT environments. Most are transitioning to a secure, cloudenabled, mobile-friendly infrastructure. Many rely on a combination of both. Wherever they are in that journey, we provide the technology and solutions to help them succeed
Technology That Fuels Transformation We make IT environments more efficient, productive and secure, enabling fast, flexible responses to a rapidly changing competitive landscape. We enable organisations to act quickly on ideas by delivering infrastructure that can be easily composed and recomposed to meet shifting demands so they can lead in today’s marketplace of disruptive innovation.
Solutions You Need to Succeed We deliver high-quality, high-value products, consulting and support services in a single package. That’s one of our principal differentiators. We have industry-leading positions in servers, storage, wired and wireless networking, converged systems, software, services and cloud. And with customised financing solutions and strategy, we can provide the right tech solutions for your unique business goals.
Innovating for Today and Tomorrow Hewlett Packard Enterprise has been in the innovation business for more than 75 years. Our vast intellectual property portfolio and global research and development capabilities are part of an innovation roadmap designed to help organisations of all sizes – from global enterprises to local startups – transition from traditional technology platforms to the IT systems of the future.

Hewlett Packard Enterprise Labs: Innovation That Fuels Growth The advanced research from Hewlett Packard Enterprise Labs changes the world. We’re a powerful innovation engine for Hewlett Packard Enterprise, our customers and our industry, delivering breakthrough technologies and pioneering revolutionary research. We address everything from IT trends to complex consumer and social challenges. That’s because our ideas and technology fuel the next generation of Hewlett Packard Enterprise products – and the next generation of technologists, teachers, physicians and artists At Hewlett Packard Enterprise, quality is everyone’s responsibility and it’s accelerating time to value. We are committed to continually improving and meeting requirements by embedding quality in everything we do. We earn customers’ trust by delivering exceptional experiences through partnering, innovation, and a bias for action. Newsroom Hewlett Packard Enterprise continually introduces new products and services, explores technology and market trends, and provides industry insight and best practices. Check out our latest news or contact the HPE media relations team
Internet of Things Powers Transformative Growth Internet of Things (IoT) will drive economic growth and efficiency with smarter homes, cars, factories, businesses, and entire cities. Governments can advance IoT adoption through public project deployments, increased spectrum availability, harmonization of global standards, and robust security and data protection
High-Performance Computing Solves Complex Problems Public-private collaboration and R&D investments are critical to leap to the next level of exascale computing and to maintain U.S. economic competitiveness through leadership in High-Performance Computing
Connectivity Makes It All Possible Spectrum availability is essential to the increasingly networked world. Campus connectivity allows innovative delivery of important public services, such as education and healthcare.
Tax Policies Foster Competitiveness Tax policies drive economic growth and job creation. U.S. tax reform should focus on achieving global competitiveness and encouraging R&D
Market Access Helps Us Reach Our Customers Improved market access enables our technologies to reach global customers. Trade agreements must reduce barriers and reflect the digital economy Sustainability Guides Our Approach Sustainability is part of Hewlett Packard Enterprise's DNA and guides our operations, innovation strategy, and employee engagement. Our sustainable technologies benefit our company, our customers, and our world. We encourage organisations to consider sustainability as an integral factor in technology decisions to meeting the data needs of the future Edge-centric, Cloud-enabled and Data-driven We live in a world where everything computes. Where technology, apps and data are driving digital transformation, reshaping markets and disrupting every industry. In this world, success favours enterprises that can invent, reinvent and deliver new outcomes at warp speed. Join us to explore the hottest technology trends and realise a vision for the future enterprise that will advance the way we live and work. You’ll find it all at Hewlett Packard Enterprise Discover 2018 Madrid

HPE Discover 2018: Madrid, 27 – 29 November Four powerful reasons to attend:

1. Insight Accelerate your digital transformation. Explore new trends, strategies and opportunities at the General Session, breakouts and one-on-one meetings. 2. Connection Achieve lasting success through shared talent and strong collaboration. Build career boosting relationships with peers, sponsors, partners and Hewlett Packard Enterprise experts.

3. Knowledge Learn the best of what's been accomplished before. Grow organizational strength through training, workshops and Hands-on Labs. 4. Enjoyment Focus on our rich agenda and networking opportunities by day, and enjoy a reward by night at the HPE Discover 2018 Celebration, with superb food and beverages.(www.google.com)

QUESTIONS

HPE focuses on planning. Debate this assertion by making reference to the case study. In your answer pay attention to the strengths and weaknesses of planning.   

Financial Accounting Standards Board (FASB 2008).  Statement of Financial Accounting Standards No. 57 Related Party Disclosures.

Financial Accounting Standards Board (FASB 2020).  Accounting Standards Codification 850 Related-Party Transaction.

Nurnberg, Hugo and Thomas F. Schaefer (2010).  Integrative Case in Advanced Accounting. Issues in Accounting Education 25, No. 2, 323–329.

1. How useful is Modern Cardiology’s income statement as presented in Exhibit 1 in resolving this income-sharing dispute?

2. What are its limitations?

3. Does it conform to U.S. generally accepted accounting principles (GAAP)?  Cite the standards including paragraph numbers to support your answer.

4. What is the appropriate entity for assessing the reasonableness of Modern Cardiology’s income distribution and profitability?

5. What is the appropriate entity for assessing the reasonableness of Technology Properties’ income distribution and profitability?

Among employees of a certain firm, 70% know C/C++, 60% know Java, and 90% know at least one of the two languages.

(a) What is the probability that a selected programmer knows both languages?

(b) What is the probability that a selected programmer knows C/C++ but not Java?

(c) What is the probability that a selected programmer knows only one of the two languages?

(d) If a programmer knows Java, what is the probability that he/she knows C/C++?

(e) If a programmer knows C/C++, what is the probability that he/she knows Java?

(f) Are the events “know Java” and “know C/C++” independent? Are then mutually exclusive? Explain.

There are various forms of collective violence. These include:

-War, terrorism, political conflicts

-Genocide, disappearances, torture, human rights abuses

-Organized violent crime (gangs, etc.)

In order to apply the sociological imagination to this problem, select one of the forms of collective violence and describe the consequences of that type of collective violence on the macro and micro levels. What might it be like to experience the type of collective violence you selected? Give specifics of how your current life would be affected by this type of violence. What global social problems might be perpetuated by this type of collective violence? Next, propose a possible solution to the global social problems you presented.