Garrison Appliances, Inc. is considering expanding its international presence. It sells 25% of all the toaster ovens sold in the United States but only 3% of the toaster ovens sold outside of the United States. The organization believes that it can sell more of its product if it has a production facility located overseas. Estimates concerning two possible locations, Mumbai and Bangalore, India follow: Possible Location Mumbai Bangalore Initial cash outlay $5,000,000 $2,800,000 Useful life 20 years 20 years Net cash inflows excluding depreciation $1,100,000 $860,000 The cost of capital 9% 9% Tax rate 40% 40% The Assignment: Part 1: Prepare a spreadsheet using Excel or a similar program in which you compute the following for each proposed location Accounting rate of return on investment Payback Net present value Internal rate of return

Globalization has pulled hundreds of millions of people out of poverty in China and India and other countries in Asia. Global equality appears to be increasing through the principle of “comparative advantage” as discussed in Chapters 10 and 20. How should the convergence of global incomes be weighed against the structural changes that globalization has required in the United States and other developed economies? Was the Trump administration justified in renegotiating the North American Free Trade Agreement (NAFTA) in the interests of the United States? Should the administration renegotiate trade deals with other countries such as China given the potential negative effects on incomes in those countries? Why or why not? Should workers who lose their jobs due to foreign imports be compensated for their lost incomes? Explain your reasoning utilizing the concepts introduced in Chapters 10, 20, and 21 of your digital text.(International Trade and Globalization/Protectionism)

17. Which statement accurately describes a global virtual team?

a.Three employees from the United States working together in Germany

b.A team in Japan and a team in Spain working on similar projects separately

c.Employees in England and employees in the United States working together as a team on a project through video conferencing and e-mail

d.Six employees working together in Russia who access data stored online

18. Clark created a group as part of the organization’s structure. This type of group is known as __________.

a.functional

b.cross-functional

c.informal

d.formal

19.Marketing, finance, operations, and human resources are examples of what type of group?

a. Functional

b.Cross-functional

c.Command

d.Task

20.The human resources management process is also known as the __________.

a.staffing process

b.human resource cycle

c.personnel system

d.onboarding/offboarding process

Suppose that BMW can produce any quantity of cars at a constant marginal cost equal to $20,000 and a fixed cost of $10 billion. You are asked to advise the CEO as to what process and quantities BMW should set for sales in Europe and in the United States. The demand for BMWs in each market is given by QE = 4,000,000 – 100PE And QU = 1,000,000 – 20PU Where the subscript E denotes Europe, the subscript U denotes the United States. Assume that BMW can restrict U.S. sales to authorized BMW dealers only.

a. What quantity of BMWs should the firm sell in each market, and what should the price be in each market? What should the total profit be?

b. If BMW were forced to charge the same price in each market, what would be the quantity sold in each market, the equilibrium price, and the company’s profit?

Purpose: To learn which types of presentation aids might be effective for various types of public speeches.

Instructions: Based on the criteria for using presentation aids outlined in your text, what types of aids would be best suited for each of the following topics? Be specific, indicating both the type of aid and what should be included with it.  

1. Divorce rates in the United States over the last fifty years.

2. Number of violent crimes by type of weapon (gun, knife, club, poison, etc.)

3. Membership in health clubs by region

4. Variation in chocolate consumption in the United States within the last ten years

5. Three ways to lose weight

6. Why rock 'n' roll is the greatest music

7. Recipe for Grandma's homemade apple pie

8. Where your money goes

7. To move to a point on the Phillips curve where inflation is lower,
A. unemployment must fall.
B. the Fed could increase the money supply.
C. the government could decrease taxes.
D. All of the above
E. None of the above are correct.

which of the following statements is (are) correct?
(x) During the early 1960s, inflation was about 1 to 3 percent in the United States, compared to about 4 to
6 percent in the late 1960s and early 1970s.
(y) In 1980, the U.S. unemployment rate was about 7 percent and inflation was above 8 percent at the
same time.
(z) In the United States, the inflation rate has been consistently below 4 percent during the period from
2000 to 2015.
A. (x), (y) and (z)
B. (x) and (y) only
C. (x) and (z) only
D. (y) and (z) only
E. (z) only

The United States Centers for Disease Control and Prevention (CDC) found that 17.9%17.9% of women ages 1212–5959 test seropositive for HPV‑16. Suppose that Tara, an infectious disease specialist, assays blood serum from a random sample of n=1000n=1000 women in the United States aged 1212–59.59.

Apply the central limit theorem for the distribution of a sample proportion to find the probability that the proportion, ^p,p^, of women in Tara's sample who test positive for HPV‑16 is greater than 0.1990.199. Express the result as a decimal precise to three places.

P(^p>0.199)=

Apply the central limit theorem for the distribution of a sample proportion to find the probability that the proportion of women in Tara's sample who test positive for HPV‑16 is less than 0.1740.174. Express the result as a decimal precise to three places.

P(^p<0.174)=

Who wrote “A little rebellion now and then is a good thing. The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants”

a.Patrick Henry

b.Edmund Burke

c.Samuel Adams

d.Thomas Jefferson

e.James Madison

The first government document to be considered an “operating manual” for the new United States following the conclusion of the American Revolution was

a. Articles of Confederation

b.The Constitution

c.The Declaration of Independence

d.Naturalization Act of 1790

e.Bill of Rights

Of most following documents or philosophies, which is most associated with the concept of “Division of Powers”:

a.Articles of Confederation

b.Federalism

c.The Declaration of Independence

d.Naturalization Act of 1790

e.Bill of Rights

Which of the following documents from the early years of the United States

stated that citizenship was limited to whites only

a.Articles of Confederation

b.The Constitution

c.The Declaration of Independence

d.Naturalization Act of 1790

e.Bill of Rights

SCENARIO:

Eva Melon, the CEO and majority shareholder of OuterSpace Corp. (OSC) (incorporated in Delaware) founded the company to develop the technology needed to make commercial space flights available to the average citizen. She believed that space could be made available for colonization and that the energy and resources needed to sustain life in outer space could be harvested from other planets, such as Mars. Eva spent most of her substantial fortune investing in renewable energy and philanthropic endeavors aimed at making life more comfortable through technological breakthroughs. Because Eva’s mother was from the United States and Eva’s father was from France, she held citizenship in both countries. She frequently traveled back and forth operating OSC from her homes in both countries.

Eva’s most recent project for OSC involved the design and construction of a space vehicle. While Eva had initially planned on manufacturing the vehicle in the United States, she projected that she could save approximately $10 million dollars by manufacturing the vehicle in China. However, she wanted to launch the vehicle from a spaceport either in Russia or the United States. Several test flights were slated on the project’s schedule for the years 2020 and 2021 which included a standard flight into low earth orbit, a docking with the international space station, and finally, a trip to Mars for natural resource sample collection. If successful in all the test flights, OSC planned on launching short commercial trips to space for individuals in 2023 and “colonization” flights to Mars some time thereafter.

To help secure funding for the research and development of the project, OSC also developed and produced solar panels for sale to the public, which were very similar to the ones that they would be using on their space vehicles for energy while in space. The panels were highly successful not only because of their technological brilliance, but also thanks to the public’s fascination with Eva, who was portrayed in the media as the “architect of the future.” OSC’s solar panels dominated the solar panel market, effectively shutting down other solar panel companies both domestically and abroad. Upset by the shift in the market, a competing foreign company, SolarX, filed a suit against OSC in federal court for violations of Section 1 of the Sherman Act.

Undeterred, OSC entered into agreement with a Chinese company to begin the manufacture of the space vehicle. However, upon learning of the agreement, the United States government immediately notified OSC that they were in violation of the U.S. Department of State’s International Traffic in Arms Regulation laws and that OSC must cease all transfer of technology and data related to the manufacturing of the vehicle. Concurrently, the Chinese government, in learning of the agreement and realizing the benefit of the technology to its national government, seized control of the manufacturing facility. OSC immediately filed suit in the United States against the manufacturing facility and Chinese government. It also brought an injunction against the U.S. government to prevent the enforcement of any federal regulation prohibiting OSC from using the Chinese company to manufacture space vehicles.

Knowing how long the lawsuits would take and wanting to stay on schedule, OSC opened a manufacturing facility in France to continue the construction of the space vehicle through a wholly-owned subsidiary of OSC (rather than an outside company).

The publicity surrounding OSC’s struggle to get its vehicle built and operational was overwhelmingly in support of OSC. As a result, OSC hinted at solidifying its decision to launch the vehicle from the United States, at a spaceport which it would build in Texas, for use in all its testing operations.

ETHICS QUESTION:

1. In 5-10 sentences, answer the following question. Assume OSC grants an exclusive interview to a 24-hour news channel about the economic status of the company hours after the seizure of the manufacturing facility in China. Chen Li is the marketing director for OSC and is assigned to the interview. Li does not know if the news station yet knows about the seizure, but knows he will be asked about the financial state of the company. He confirms that the confiscation has actually cost the company millions, which will impact the company's finances significantly but has been told by Eva "not to spook investors because we will recover." When asked by the interviewer, "Where is the company financially today, and what can we expect in terms of company growth over the next year?" Li responds, "OSC's management is as strong as ever and we expect revenues to climb in the future." Li never mentions the losses incurred by the seizure. Is this an ethical answer and should Li have disclosed the company's losses? Is corporate marketing "spin" an ethical business practice?