Questions
Edwina Haskell was an accomplished high school student who looked forward to attending Southern New England...

Edwina Haskell was an accomplished high school student who looked forward to attending Southern New England University (SNEU). SNEU was unique in that it operated on a trimester basis, its policy was to actively foster independent development among the students. Edwina’s mother and father each own their own small businesses. Soon after freshman orientation at SNEU, Edwina recognized a need among the students that could be the basis for developing a small business. Freshman students could not bring their cars on the campus. In effect, they were confined to the dorm; if they wished to travel, they had to take school-provided buses that operated on a fixed schedule. Further, the university’s cafeteria closed at eight in the evening. Students who wanted to have some food or snacks after 8:00 p.m. had to call local restaurants that delivered. The few restaurants in the neighborhood around SNEU that had delivery services often were late in their deliveries, and hot food, such as pizza, was frequently delivered cold.

Edwina felt that there was a niche market on the campus. She believed that students would be interested in ordering sandwiches, snacks, and sodas from a fellow student provided that the food could be delivered in a timely fashion. After talking with several students in her dorm complex, she believed that offering a package of a sandwich, a soda, and a small snack, such as potato chips, for $5 and a guaranteed delivery of 15 minutes or less would be a winner. Because her dorm complex consisted of four large adjoining buildings that house nearly 1,600 students, she felt that there would be sufficient demand to make the concept profitable. She talked about this concept with her roommates and with her parents. Her roommates were willing to help prepare the sandwiches and deliver them. She planned on paying each of them $250 per trimester for taking orders, making sandwiches, and delivering them. All three roommates, whom she knew from high school, were willing to be paid at the end of the trimester.

Edwina recognized that for this business plan to work, she would have to have a sufficient inventory of cold cuts, lettuce, tomatoes, soda, chips, and condiments to be able to meet student demands. The small refrigerators in the dorm rooms would not be sufficient. After talking to her parents, they were willing to help her set up her business. They would lend her $1,000 to buy a larger refrigerator to place in her dorm room. She did not have to repay this loan until she graduated in four years, but her parents wanted her to appreciate the challenges of operating a small business. They set up several conditions. First, although she did not have to pay back the $1,000 for the refrigerator for four years, she had to pay interest on this “loan.” She had to repay 3 percent of this loan each trimester. Further, they reminded her that although she could pay her friends at the end of the semester, she would need funds to buy the cold cuts, bread, rolls, soda, snacks, condiments, and supplies such as foil to wrap the sandwiches, plus plates and paper bags. Although Edwina was putting $500 of her own money into her business, her parents felt that she might need an infusion of cash during the first year (i.e., the first three trimesters). They were willing to operate as her bank—lending her money, if needed, during the trimesters. However, she had to pay the loan(s) back by the end of the year. They also agreed that the loan(s) would be at a rate of 2 percent per trimester.

Within the first three weeks of her first trimester at SNEU, Edwina purchased the $1,000 refrigerator with the money provided by her parents and installed it in her dorm. She also went out and purchased $180 worth of supplies consisting of paper bags; paper plates; and plastic knives, spoons, and forks. She paid for these supplies out of her original $500 personal investment. She and her roommates would go out once or twice a week, using the SNEU bus system to buy what they thought would be the required amount of cold cuts, bread, rolls, and condiments. The first few weeks’ worth of supplies were purchased out of the remainder of the $500. Students paid in cash for the sandwiches. After the first two weeks, Edwina would pay for the food supplies out of the cash from sales.

In the first trimester, Edwina and her roommates sold 640 sandwich packages, generating revenue of $3,200. During this first trimester, she purchased $1,710 worth of food supplies. She used $1,660 to make the 640 sandwich packages. Fortunately, the $50 of supplies were condiments and therefore would last during the two-week break between the trimesters. Only $80 worth of the paper products were used for the 640 sandwich packages. Edwina spent $75 putting up posters and flyers around the campus promoting her new business. She anticipated that the tax rate would be approximately 35 percent of her earnings before taxes. She estimated this number at the end of the first trimester and put that money away so as to be able to pay her tax bill.

During the two weeks off between the first and second trimester, Edwina and her roommates talked about how they could improve business operations. Several students had asked about the possibility of having warm sandwiches. Edwina decided that she would purchase two Panini makers. So at the beginning of the second trimester, she tapped into her parents’ line of credit for two Panini grills, which in total cost $150. To make sure that the sandwiches would be delivered warm, she and her roommates spent $100 on insulated wrappings. The $100 came from cash. The second trimester proved to be even more successful. The business sold 808 sandwiches, generating revenue of $4,040. During this second trimester, the business purchased $2,100 worth of food supplies, using $2,020 of that to actually create the 808 sandwich packages. They estimated that during the second trimester, they used $101 worth of supplies in creating the sandwich packages.

There was only a one-week break between the second and third trimesters, and the young women were quite busy in developing ideas on how to further expand the business. One of the first decisions was to raise the semester salary of each roommate to $300 apiece. More and more students had been asking for a greater selection of warm sandwiches. Edwina and her roommates decided to do some cooking in the dorms so as to be able to provide meatball and sausage sandwiches. Edwina once again tapped into her parents’ line of credit to purchase $275 worth of cooking supplies. One of the problems they noticed was that sometimes students would place calls to order a sandwich package, but the phones were busy. Edwina hired a fellow student to develop a website where students could place an order and select the time that they would like a sandwich package to be delivered. The cost of creating and operating this website for this third trimester was $300.

This last semester of Edwina’s freshman year proved to be the most successful in terms of sales. They were able to fulfill orders for 1,105 sandwich packages, generating revenue of $5,525. Edwina determined that the direct cost of food for these sandwich packages came out to be $2,928.25. The direct cost of paper supplies was $165.75. At the end of her freshman year, Edwina repaid her parents the $425 that came from her credit line that was used to purchase the Panini makers and the cooking utensils.

  1. Prepare balance sheets for the end of each semester. (unfortunately there is no graphic to it)

In: Accounting

13a. Mary is transferred from the emergency department to the pediatric intensive care department. In developing...

13a. Mary is transferred from the emergency department to the pediatric intensive care department. In developing the plan of care, the nurse identifies the nursing diagnosis, “Acute pain related to tissue ischemia” as a priority.

13b. Which intervention should be included in the care plan?

1. Explain how to use a patient controlled analgesic pump.

2. Apply cold compresses periodically to painful joints.

3. Administer acetaminophen PRN for pain.

4. Assess pain by using a numerical pain scale

14. The night nurse assesses Mary and notes that her vital signs are now T 98.3, P 108, R 22, BP 96/60. Which action should the nurse implement?

1. Encourage Mary to turn, cough, and deep breathe

2. Notify the healthcare provider immediately

3. Document the findings on the graphic sheet.

4. Retake and assess the vital signs in 1 hour

15a. The ICU night nurse is making rounds and hears Mary crying. The nurse says, “Mary, are you hurting?” Mary cries harder and replies, “No, I just miss my Mommy.” Mary’s grandmother has gone home to rest for a few hours.

15b. How should the nurse intervene initially

1. Pull up a chair, hold Mary's hand, and allow her to cry

2. Tell Mary she needs to try and quit crying and get some sleep.

3. Call Mary’s grandmother and ask her to come to the hospital.

4. Say, “I know how hard it is to lose your Mommy. Mine is gone too.”

16. Mary is in the ICU for 3 days and is transferred to the pediatric floor. Earlene has been at the hospital every day and is very concerns about Mar and he condition. Earlene asks the nurse, “What can I do to make sure this never happens again?” What is the best initial response by the nurse?

1. “When Mary gets a fever give her 1 baby aspirin.”

2. “Make sure she does not participate in any strenuous activity.”

3. There is no way you can make sure this never happens again.”

4.“Keep Mary away from anyone who has an infection.”

17. Mary’s grandmother goes downstairs to get something to eat form the hospital cafeteria. The UAP who is staying with Mary while her grandmother is gone informs the primary nurse that Mary urinated in the bed, is crying, and wants her grandmother. Which intervention should the nurse implement first?

1. Find Earlene in the cafeteria

2. Change Mary’s bed linens.

3. Help Mary change her clothes

4. Document the incident in Mary’s chart

18a. Mary is starting to feel better and is requiring less pain medication, and she is sleeping as the nurse makes evening rounds. Earlene shares with the nurse it has been a long time since she has had a 7-year-old-in her home. Earlene says, “I have no idea what Mary should be allowed to do so she can have some fun.”

18b. Which statement will be the best response by the nurse?

1. “Mary should not be around a lot of children, so her activities will be limited

2. “You should like you are worried about raising Mary by yourself,”

3. “I would recommend enrolling her in a sport with running, such as soccer.

4. Seven-year-olds really like being in groups like Girl Scouts or Girl's Clubs.

19. Which statement by Mary indicates that she is meeting Erickson's stage of development for her age?

1. “When I grow up I want to be a nurse just like you.”

2. “Look, I finished putting the puzzle together.”

3. “I need my stuffed dog so that I can go to sleep.”

4. “I don’t want any of my friends to visit me here.”

20a. Mary is scheduled for discharge the next day. The nurse is completing discharging teaching with Earlene when Earlene tells the nurse that she is planning to take Mary to Colorado to visit her oldest daughter and their family for the Christmas holidays. Mary is very excited and can’t wait to meet her cousin.

20b. What is the best response by the nurse?

1. “Your planned trip may put Mary at risk for a crisis.”

2. “I think you should talk to Mary’s healthcare provider before you go.”

3. “Could your daughter come here for the Christmas holidays?”

4. “I know that Mary will enjoy meeting her family.”

21a. Earlene asks many questions about SCA. She is very concerned about her granddaughter and what will happen to her the future. The nurse is aware that there are many serious complications that Mary could experience.

21b. Which potentially fatal complication(s) can occur? (Select all that apply.)

1. Hypertensive crisis

2. Vasoocclusive crisis.

3. Priapism

4. Heart failure

22. Mary’s HCP has advised Earlene to get pneumococcal and meningococcal vaccines for Mary at her follow-up office visit. Earlene asks the nurse, “Why does Mary need to have those other vaccines? I hate for her to get more shots. She cries, and I know it hurts.” What is the best response by the nurse?

1. “She is susceptible to infections. These vaccinations may help prevent a crisis.”

2. “I will get the healthcare provider to explain why Mary needs the vaccines.”

3. “I know you don’t like to see her hurt, but she must have these vaccines.”

4. “These vaccines are required for all children younger than 10 years of age.”

23a. The charge nurse is transcribing prescription at the nurse’s station. Other responsibilities of the charge nurse include answering the phone assisting with visitor’s questions and answering the clients’ call lights.

23b.  Which nursing task would be best for the charge nurse to delegate to the UAP?

1. Take the hourly vital signs for a client receiving a unit of blood.

2. Teach Mary’s grandmother how to apply warm soaks to her joins.

3. Change the morphine vial on the patient controlled analgesia pump.

4. Clean the insertion sites of a client with skeletal traction.

24a. Mary is discharged home with a home health referral. The home health nurse visiting Mary the day after she is discharged from the hospital. Earlene ask the home health nurse, “I received some information form the Sickle Cell Foundation, but I have never heard of it. What kind of group is it?”

24b. How should the nurse respond?

1. “It is a foundation that deals primarily with research to find the cure for sickle cell anemia.”

2. “They didn’t discuss this organization with you when Mary was in the hospital?”

3. “The foundation arranges for families with children who have sickle cell to meet each other.”

4. “It provides information on the disease and on support groups in this area.”

25. To evaluate the discharge teaching completed at the hospital, the home health nurse discusses acute exacerbation of SCA with Mary’s grandmother. Which behavior indicates to the nurse that Earlene understands about acute exacerbation of sickle cell anemia?

1. She does not allow Mary to go outside unless she is with her.

2. She measures Mary’s fluid intake to remain under 1 liter a day.

3. She demonstrates how to accurately read an oral thermometer.

4. She is able to take Mary’s radial pulse within 4 beats of the nurse.

In: Nursing

>> Nike Nike hit the ground running in 1962. Originally known as Blue Ribbon Sports, the...

>> Nike

Nike hit the ground running in 1962. Originally known as Blue Ribbon Sports, the company focused on providing high-quality running shoes designed for athletes by ath- letes. Founder Philip Knight believed high-tech shoes for runners could be manufactured at competitive prices if imported from abroad. Nike’s commitment to design- ing innovative footwear for serious athletes helped build a cult following among U.S. consumers.

Nike believed in a “pyramid of influence” where the preferences of a small percentage of top athletes influ- enced the product and brand choices of others. Nike’s marketing campaigns have always featured accom- plished athletes. For example, runner Steve Prefontaine,

the company’s first spokesperson, had an irreverent attitude that matched Nike’s spirit.

In 1985, Nike signed up then-rookie guard Michael Jordan as a spokesperson. Jordan was still an up-and- comer, but he personified superior performance. Nike’s bet paid off—the Air Jordan line of basketball shoes flew off the shelves and revenues hit more than $100 mil- lion in the first year alone. As one reporter stated, “Few marketers have so reliably been able to identify and sign athletes who transcend their sports to such great effect.”

In 1988, Nike aired the first ads in its $20 million “Just Do It” ad campaign. The campaign, which ultimately fea- tured 12 TV spots in all, subtly challenged a generation of athletic enthusiasts to chase their goals. It was a natural manifestation of Nike’s attitude of self-empowerment through sports. As Nike began expanding overseas, the com- pany learned that its U.S.-style ads were seen as too aggressive in Europe, Asia, and South America. Nike realized it had to “authenticate” its brand in other countries, so it focused on soccer (called football outside the United States) and became active as a sponsor of youth leagues, local clubs, and national teams. However, for Nike to build authenticity among the soccer audience, consumers had to see professional ath- letes using its product, especially athletes who won.

Nike’s big break came in 1994 when the Brazilian team (the only national team for which Nike had any real sponsorship) won the World Cup. That victory transformed Nike’s international image from a sneaker company into a brand that represented emotion, allegiance, and identifi- cation. Nike’s new alliance with soccer helped propel the brand’s growth internationally. In 2003, overseas revenues surpassed U.S. revenues for the first time, and in 2007, Nike acquired Umbro, a British maker of soccer-related footwear, apparel, and equipment. The acquisition made Nike the sole supplier to more than 100 professional soc- cer teams around the world and boosted Nike’s interna- tional presence and authenticity in soccer. The company sold Umbro in 2012 for $225 million.

In recent years, Nike’s international efforts have been focused on emerging markets. During the 2008 Summer Olympics in Beijing, Nike honed in on China and devel- oped an aggressive marketing strategy that countered Adidas’s sponsorship of the Olympic Games. Nike re- ceived special permission from the International Olympic Committee to run Nike ads featuring Olympic athletes during the games. In addition, Nike sponsored several teams and athletes, including most of the Chinese teams. This aggressive sponsorship strategy helped ignite sales in the Asian region by 15 percent.

In addition to expanding overseas, Nike has success- fully expanded its brand into many sports and athletic categories, including footwear, apparel, and equipment. Nike continues to partner with high-profile and influential athletes, coaches, teams, and leagues to build credibility in these categories. For example, Nike aligned with tennis stars Maria Sharapova, Roger Federer, and Rafael Nadal to push its line of tennis clothing and gear. Some called the famous 2008 Wimbledon match between Roger Federer and Rafael Nadal—both dressed in swooshes from head to toe—a five-hour Nike commercial valued at $10.6 million.

To promote its line of basketball shoes and apparel, Nike has partnered with basketball superstars such as Kobe Bryant and LeBron James. In golf, Nike’s swoosh appears on many golfers but most famously on Tiger Woods. In the years since Nike first partnered with Woods, Nike Golf has grown into a $523 million busi- ness and literally changed the way golfers dress and

play today. Tiger’s powerful influence on the game and his Nike-emblazoned style has turned the greens at the majorsinto“golf’sfashionrunway.”

Nike is the biggest sponsor of athletes in the world and plans to spend more than $3 billion in athletic endorsements between 2012 and 2017. The com- pany also has a history of standing by its athletes, such as Tiger Woods and Kobe Bryant, even as they struggle with personal problems. It severed its rela- tionship with Lance Armstrong in 2012, however, after strong evidence showed that the cyclist doped during his time as an athlete and while competing during all Tour de Frances. Nike released a statement explain- ing, “Nike does not condone the use of illegal perfor- mance enhancing drugs in any manner.” Prior to the scandal, the company had helped develop Armstrong’s LIVESTRONG campaign to raise funds for cancer. It designed, manufactured, and sold more than 80 million yellow LIVESTRONG bracelets, netting $500 million for the Lance Armstrong Foundation.

While Nike’s athletic endorsements help inspire and reach consumers, its most recent innovations in technology have resulted in more loyal and emotion- ally connected consumers. For example, Nike’s lead in the running category has grown to 60 percent market share thanks to its revolutionary running application and community called Nike+ (plus). Nike+ allows runners to engage in the ultimate running experience by seeing their real-time pace, distance, and route and by giv- ing them coaching tips and online sharing capabilities. Nike expanded Nike+ to focus on key growth areas like basketball and exercise and recently launched Nike+ Basketball, Nike+ Kinect, and Nike+Fuelband, a bracelet/ app that tracks daily activities.

Like many companies, Nike is trying to make its com- pany and products more eco-friendly. However, unlike many companies, it does not promote these efforts. One brand consultant explained, “Nike has always been about winning. How is sustainability relevant to its brand?” Nike executives agree that promoting an eco-friendly message would distract from its slick high-tech image, so efforts like recycling old shoes into new shoes are kept quiet.

As a result of its successful expansion across geo- graphic markets and product categories, Nike is the top athletic apparel and footwear manufacturer in the world. In 2014, revenues exceeded $27 billion, and Nike dominated the athletic footwear market with 31 percent market share globally and 50 percent market share in the United States. Swooshes abound on everything from wristwatches to skateboards to swimming caps. The firm’s long-term strat- egy, however, is focused on running, basketball, foot- ball/soccer, men’s training, women’s training, and action sports.

  1. Write the position statement for Nike? Write the purchase of parity ? write the Write the purchase of parity ?
  2. Into which consumer product classification dose the Nike belongs to and write the implication 4ps marketing strategy?
  3. What is the branding strategy of Nike ? what is the product line ?
  4. Write five product level ?
  5. Which pricing strategy is appropriate for this case ?
  6. Draw and explain the channel flow and which distribution strategy is used?
  7. Develop a promotional campaign steps in developing effective communication ?

In: Economics

Depression Case Study Subjective Mr. AK is a 45 yr old African American male who is...

Depression Case Study

Subjective

Mr. AK is a 45 yr old African American male who is referred to begin pulmonary rehabilitation. His chief complaint is worsening shortness of breath with exertion due to sarcoidosis involving the lung. He reports that he can now only walk less than 0.75 mi on a flat surface; he cannot walk more than one and one-half flights of stairs without stopping. He states that prior attempts to improve functional capacity through regular exercise or increasing activity habits have fallen short due to disinterest, fatigue, and his dislike for exercising in front of others.

Mr. AK also suffers from grade I obesity, depression, hypertension, and hyperglycemia. Family history indicates that his father, mother, and both sisters are living. Social history indicates that he is married with one child (14 yr of age). He works part-time from home as a graphic artist, he does not routinely exercise, his daily activities are markedly restricted due to shortness of breath, he does not smoke or drink, he has difficulty falling asleep at night and awakening in the morning, and he denies substance abuse. Patient is being cared for by Behavioral Health Clinic, which includes ongoing psychotherapy to manage depression, and by his primary care physician for management of hypertension and diabetes.

He is allergic to penicillin. Medications include methotrexate, prednisone, hydrochlorothiazide, and glipizide.

Objective and Laboratory Data

Patient is a mildly obese male (BMI = 33.4) in no acute distress. Lung volumes and forced expiratory flow rates are reduced per recent spirometry report in medical record, as is lung diffusing capacity. Skin nodules observed on neck, arms, and legs; lungs clear; and cardiovascular examination unremarkable and without evidence of edema. Resting heart rate 86 beats · min–1 and resting blood pressure 144/96 mmHg. Spleen and liver enlarged. Depression screening with PHQ-9 scored at 9.

Assessment and Plan

Patient has active sarcoidosis involving lung, with second organ involvement including skin, liver, and spleen. Comorbidities include hypertension, hyperglycemia, obesity, marked deconditioning, and sleep disturbance likely due to depression (PHQ-9 score = 9).

Mr. AK completed an exercise test using a stationary cycle, achieving a peak power output of 87 W, and stopping due to dyspnea. Peak heart rate 145 beats · min–1 and peak blood pressure 194/100 mmHg. Oxygen saturation fell from 97% at rest to 89% at peak. No ECG ST segment observed, chest pain denied, and isolated PVCs observed.

Plan includes initiating weight management for obesity and enrolling in pulmonary rehabilitation to improve functional capacity and decrease shortness of breath.

In addition to improving functional capacity through aerobic-type large muscle activities, will include respiratory muscle training, as well as upper body strength training to improve skeletal muscle strength and endurance. Monitor oxygen saturation and use oxygen supplementation via nasal cannula, as needed, to maintain oxygen saturation at 90% or greater. To ensure sufficient stimulus and to enhance patient compliance, intensity for aerobic training is set at 3-5 on 10-point Dyspnea scale. Duration of effort should progress to 30 min, but interval work may be needed if patient is initially unable to exercise for 30 continuous min. Frequency of aerobic activity set at 3 times per week and resistance training set at 2 times per week (2 sets of 12-15 repetitions).

Case Study Discussion Questions

  1. Take a moment and research the PHQ-9 as a screening tool for depression. In the clinical setting, values of 10 or higher usually warrant referral to Behavioral Services or informing the patient’s primary care provider. With a value of 9, as reported in Mr. AK, what might you draw from this value relative to influencing compliance, patient affect, and group interaction in the rehabilitation setting?
  2. What symptoms should you monitor to decide whether Mr. AK’s depression is worsening while he is participating at your center? If he was worsening, how would you handle this situation?
  3. Is regular exercise an effective treatment for depression? Is exercise training/rehabilitation more, less, or similarly effective when compared to medical therapy or cognitive–behavioral therapy? Explain.

Chapter 34

Intellectual Disability Case Study

Subjective

Mr. RK is a 45 yr old male who has a mild intellectual disability (ID) and also Down syndrome (DS) and early stage Alzheimer’s disease. He lives in a community group home with 24 h support and assistance. He works 6 h per day at a local fast food restaurant. His favorite activity is to watch TV, and he enjoys eating popcorn while watching movies.

He does not have any history of heart disease or other serious medical conditions. His case worker has noted that over the past year he has experienced increased shortness of breath when walking up the stairs to his bedroom. However, at his last physical examination there was no note on any suggested pulmonary problems. He has started to display the early stage of Alzheimer’s disease and medical record notes abnormal laxity of the left knee. Mr. RK cannot walk or jog for any extended period of time without pain.

Both his physician and case worker have encouraged him to become more physically active, but at present he performs no physical activity outside of work. He is not currently taking any medications. He is referred by his physician with a request that he be provided assistance with beginning a mild exercise regimen.

Objective and Laboratory Data

He is 5 ft 6 in. (168 cm) and 240 lb (109 kg), with a BMI of 38.8 kg · m–2. Recent laboratory data indicates his total cholesterol is 240 mg · dL–1, with high-density lipoprotein (HDL) cholesterol of 35 mg · dL–1. There is no information on triglycerides or low-density lipoprotein (LDL) cholesterol. His blood pressure was 110/70 mmHg. Other findings on the physical examination were unremarkable.

A graded exercise test was ordered and completed. Mr. AK completed 4 min on a standard Bruce treadmill protocol. His maximal heart rate was 148 beats · min–1 (85% of predicted), and his maximal work capacity was predicted from treadmill time to be 4 METs. Oxygen uptake was not measured. His maximal blood pressure was 150/80 mmHg. He exhibited no ECG abnormalities, and the test was interpreted as negative for exercise-induced myocardial ischemia; but it was noted that maximal effort may not have been reached as evidenced by the low maximal heart rate achieved.

Assessment and Plan

Mr. RK has a mild ID with DS and early stage of Alzheimer’s disease. He is obese and presents with several cardiovascular disease risk factors.

A supervised exercise plan is established. Since Mr. RK has a problem with knee instability and knee pain, he was prescribed a stationary cycling program.

Case Study Discussion Questions

  1. Provide a more specific exercise program. Include your recommendations for intensity, duration, frequency, as well as how you would progress the exercise.
  2. What measures might you use to evaluate progress and outcomes? Explain your rationale for your choices.

In: Anatomy and Physiology

Do you think that the employee whom Alex fired for creating what the manager called a poisonous relationship has a legitimate claim against us, and if so, why and what should we do about it?

Jennings Automotive Case Facts (Student Question Prompts are Located after Case Facts) Alex Jennings took over his family’s auto supply business in 2012, after helping his father, who founded the business, run it for about 10 years. Based in Georgia, Jennings employs about 300 people, and distributes auto supplies (replacement mufflers, bulbs, engine parts, and so on) through two divisions, one that supplies service stations and repair shops, and a second that sells retail auto supplies through five “Jennings Automotive” auto supply stores. Alex’s father, and now Alex, have always endeavored to keep Jennings organization chart as simple as possible. The company has a full-time controller, managers for each of the five stores, a manager who oversees the distribution division, and Alex Jennings executive assistant. Alex (along with his father, working part-time) handles marketing and sales. Alex’s executive assistant administers the firm’s day-to-day human resource management tasks, but the company outsources most HR activities to others, including an employment agency that does its recruiting and screening, a benefits firm that administers its 401(k) plan, and a payroll service that handles its paychecks. Jennings human resource management systems consist almost entirely of standardized HR forms purchased from an HR supplies company. These include forms such as application and performance appraisal forms, as well as an “honesty” test Jennings uses to screen the staff that works in the five stores. The company performs informal salary surveys to see what other companies in the area are paying for similar positions and use these results for awarding annual merit increases (which in fact are more accurately cost-of-living adjustments). Alex’s father took a fairly paternal approach to the business. He often walked around speaking with his employees, finding out what their problems were, and even helping them out with an occasional loan—for instance, when he discovered that one of their children was sick, or for part of a new home down payment. Alex, on the other hand, tends to be more abrupt, and does not enjoy the same warm relationship with the employees as did his father. Alex is not unfair or dictatorial. He’s just very focused on improving Jennings financial performance, and so all his decisions, including his HR-related decisions, generally come down to cutting costs. For example, his knee-jerk reaction is usually to offer fewer days off rather than more, fewer benefits rather than more, and to be less flexible when an employee needs, for instance, a few extra days off because a child is sick. It’s therefore perhaps not surprising that over the past few years Jennings sales and profits have increased markedly, but that the firm has found itself increasingly enmeshed in HR/equal employment–type issues. Indeed, Alex now finds himself spending a day or two a week addressing HR problems. For example, Michael Morton, an employee at one of the stores, came to Alex’s executive assistant and told her he was “irate” about his recent firing and was probably going to sue. Michael’s store manager stated on his last performance appraisal that Michael did the technical aspects of his job well, but that he had “serious problems interacting with his coworkers.” He was continually arguing with them and complaining to the store manager about working conditions. The store manager had told Alex that he had to fire Michael because he was making “the whole place poisonous,” and that (although he felt sorry because he’d heard rumors that Michael suffered from some mental illness) he felt he had to go. Alex approved the dismissal. Greg was another problem. Greg had worked for Jennings for 10 years, the last two as manager of one of the company’s five stores. Right after Alex Jennings took over, Greg told him he had to take a Family and Medical Leave Act medical leave to have hip surgery, and Alex approved the leave. When Greg returned from leave, Alex told him that his position had been eliminated. Alex Jennings had decided to close his store and open a new, larger store across from a shopping center about a mile away and had appointed a new manager in Greg’s absence. However, the company did give Greg a (nonmanagerial) position in the new store as a counter salesperson, at the same salary and with the same benefits as he had before. Even so, “This job is not similar to my old one,” Greg insisted. “It doesn’t have nearly as much prestige.” His contention is that the FMLA requires that the company bring him back in the same or equivalent position, and that this means a supervisory position - similar to what he had before he went on leave. Alex said no, and they seem to be heading toward litigation. In another sign of the times at Jennings, the company’s controller, Anne, who had been with the company for about six years, went on pregnancy leave for 12 weeks in 2012 (also under the FMLA), and then received an additional three weeks’ leave under Jennings extended illness days program. Four weeks after she came back, she asked Alex Jennings if she could arrange to work fewer hours per week and spend about a day per week working out of her home. He refused, and about two months later fired her. Alex Jennings said, “I’m sorry, it’s not anything to do with your pregnancy-related requests, but we’ve got ample reasons to discharge you—your monthly budgets have been several days late, and we’ve got proof you may have forged documents.” She replied, “I don’t care what you say your reasons are; you’re really firing me because of my pregnancy, and that’s illegal.” Alex felt he was on safe ground as far as defending the company for these actions, although he didn’t look forward to spending the time and money that he knew it would take to fight each. However, what he learned over lunch from a colleague undermined his confidence about another case that Alex had been sure would be a “slam dunk” for his company. Alex was explaining to his friend that one of Jennings truck maintenance service people had applied for a job driving one of Jennings distribution department trucks, and Alex had turned him down because the worker was deaf. Alex (whose wife has occasionally said of him, “No one has ever accused Alex of being politically correct”) was mentioning to his friend the apparent absurdity of a deaf person asking to be a truck delivery person. His friend, who happens to work for UPS, pointed out that the U.S. Court of Appeals for the Ninth Circuit had recently decided that UPS had violated the Americans with Disabilities Act by refusing to consider deaf workers for jobs driving the company’s smaller vehicles. Although Alex’s father is semiretired, the sudden uptick in the frequency of such EEO-type issues troubled him, particularly after so many years of labor peace. However, he’s not sure what to do about it. Having handed over the reins of the company to his son, he was loath to inject himself back into the company’s operational decision making. On the other hand, he was afraid that in the short run these issues were going to drain a great deal of Alex’s time and resources, and that in the long run they might be a sign of things to come, with problems like these eventually overwhelming Jennings Automotive. He comes to you, who he knows consults in human resource management, and asks you the following questions.

Question 3:
Do you think that the employee whom Alex fired for creating what the manager called a poisonous relationship has a legitimate claim against us, and if so, why and what should we do about it?

Question 4:
Is it true that we really had to put Greg back into an equivalent position, or was it adequate to just bring him back into a job at the same salary, bonuses, and benefits as he had before his leave?

In: Operations Management

“Law”by Joseph Lowry and “why Shariah?” by Noah Feldman illustrate the constitutions, judicial institutions and certain legal cod “Shariah Law” in Arb world.

“Law”by Joseph Lowry and “why Shariah?” by Noah Feldman illustrate the constitutions, judicial institutions and certain legal cod “Shariah Law” in Arb world.

Arab Legal System

  • Arab legal system forms part of the civil law system that is dominant in most of the developing world.
  • Arab legal system is similar in terms of structure and systems as the French legal system due to the French legal influence on Arab countries which date s back to 19th century. Notably, development of the Arab legal system is traceable to the European colonization, imposition and imitation of the European legal system and structure (Lowry ).
  • Islamic Sharia system has little influence in the legal system that is practiced in most of the Arab countries. Although the Sharia law continues to attract significant political and cultural legitimacy in the Arab world, it is only limited to laws that cover issues related to families- (family law).
  • Although a small number of countries in the gulf claim to base their law systems on the Islamic law, their law is however to some substantial degree inclined to the civil law practices of most countries within the European Union. Equally, since most of the Arab countries were ruled by autocrats, their legal systems are also to a large degree influenced by the controlled powers of the executive (Lowry ).

Ottoman legal system

The ottoman legal system had great impact on the Arab legal system largely because practices of the rulers including region and cultural practices and were imposed on inhabitants of today in the Arab world.

  • While the Ottoman legal system was based on Islamic law it was also influenced by contribution of independent scholars who formulated some pieces of legislation which were later adopted by the courts.
  • Using sophisticated rules and techniques which were used to deliver rules in the Quran and prophetic tradition commonly known as Hadiths, the law scholars combined and documented the rulings in a systematic way which were then adopted by judges in defining and passing rules civil cases (Lowry 76).
  • Higher education legal opinion in the ottoman legal system was given precedence over those deemed to be of lower educational opinion by the state. The state equally had control of the legal colleges in the empire with the ar. Shaykh al –Islam being the empire chief legal officer (lowry 76-77).

Contemporary Arab legal system

  • The contemporary Arab legal system dates back to 1949 when Abd al Razzaq-al sahnruri an Egyptian legal scholar drafted the Egyptian civil code.
  • The Egyptian civil code was developed in respect to address challenges in the Islamic civil law and also to reconcile the contemporary influences of the European civil law on the Islamic law.
  • The interpretation of the Egyptian civil law was considered critical by the Egyptian courts and its extensive persuasion by abd al Razzaq-al sahnruri was considered a persuasive authority by Egyptian courts.
  • abd al Razzaq-al sahnruri was instrumental in development of the Iraq civil code of 1951 and the unification of Liberian civil code of 1954. He also contributed immensely in the development and reorganization of courts in Kuwait legal system. His civil code also served as basis of the Qatar’s civil code of 1959 (Lowry 81-82).

Courts and other institutions

  • In the Arab world, legal system judiciaries differ from each other basically in terms of structure of appellate courts constitutional review and role of Sharia court.
  • Notably, most of the courts that hear criminal cases the organized based on regions and courts in the higher tier, review decisions made the lower courts. The courts of cassation are the apex appeal courts and unlike the immediate appellate courts they have limited jurisdiction to review of cases which are brought in front of it. This is based on the fact that their decisions depend entirely on records established by lower courts to make decisions (Lowry 82-84)

Sharia law

  • Although most of the Arab countries proclaim Islam as the official state region, it is not obvious that the constitutional provisions are based on Sharia law. Remarkably, with an exception of Saudi Arabia nearly all Islamic states give precedence to the civil law even those that grant very major role to Islamic law.
  • Arab codes refer to Islamic law as sources of their law provisions, for instance where the Arab civil codes do not have substantive regulations then Islamic law is brought to play as a reference source.
  • Arab civil codes that continue to refer predominately to Islamic law include provisions that relate to family law such as marriage, divorce, penal codes and torts.
  • Although Islamic law has relatively minimal influence in financial decisions, its doctrines continue to inform some aspects I commercial law in most of the Sharia leaning Arab legal systems.
  • Although the Sharia law is a highly controversial topic which is highly opposed by most western countries, it is ironical that some of their past civil law practices were inclined to the Shariah law. For instance, until the 8th century, the laws of most European countries authorized torture as an official component of the criminal-justice system. Equally for sexism, the common law long denied married women any property rights or legal personality apart from their husbands (Noah, 2008).
  • Sharia offer the most moderate and humane legal doctrines available anywhere in the world. In fact, even in western countries such as Britain when the court invokes severe penalties on for a handful of offenses, it rarely acknowledges the high standards of proof necessary for their implementation. This is unlike the Sharia law which typically provides a high stand of proof before one can be held guilty of an offence. For instance, before an adultery conviction can typically be obtained, the accused must confess four times or adult male witnesses of good character must testify that they directly observed the sex act
  • Although some acts in Sharia law in the past were obviously inhuman such as stoning of adulteries, and cutting of thief’s hands, today there has been significant improvement in regard to these laws. This has lead the laws to be appealing to the populace in most o the Arab countries. For instance, in Arab countries such as Egypt, Pakistan and Jordan 66 percent of Egyptians, 60 percent of Pakistanis and 54 percent of Jordanians hold the view that Shariah should be the only source of legal provisions in their countries (Noah, 2008).
  • To Muslims believers Shariah law is a doctrine which is deeper and fused with metaphysical purpose. It is held by Muslim believes that under the Shariah all human beings and governments are subject to justice under rule of law. this is an averse to westerner’s believers that who believe that Shariah law is a legal system that is dotted with acts such as oppression of women, stoning of alleged adulterous among other inhuman acts.
  • Although Shariah” connotes a connection to the divine and a set of believes that are in an accordance to the will of God, western countries believe that Muslim advocate for Quran as their legal code. However, this is not entirely true since Muslim personalities such as Politician’s have in the past opposed the use of Quran as legal code and adoption of this stance would shallowly define how legal system should operate.
  • Sharia Law can be regarded as a higher law which equally integrates worldly commands. For instance, prohibits lending money at interest, prohibits Muslims from drinking alcohol among other rules. However, some of the principles are undoubtedly old fashioned. For instance, the act making it difficult for women to initiate divorce without forgoing alimony gives double standards for men and women.

Reaction to then Reading

Although Western countries are highly opposed to the Shariah law, I find such as a stand being dishonest and egocentric. This is based in the fact that the Islamic law was developed from the ottoman legal system which was predominately inclined to western countries common law. Besides, before the 19th century some of common practices that were adopted by countries such as England were aligned to Sharia practices. For instance, until the 18th century, common laws in European countries authorized torture as an official element of the criminal justice system -a practice that was equally advocated under the Sharia. Similar, with the contributions of contemporary scholars and amendments on the Sharia law to align it to Gods will and rights of people I find such a law dotted with significant positive legal provisions and should not be blanketed as inhuman by westerners.

Question

Is the condemnation and views of the westerners regarding Islamic law genuine?

In: Operations Management

The Cyberattack on Ukraine After Russia annexed Crimea from Ukraine in 2014, authorities started nationalizing Ukrainian-owned...

The Cyberattack on Ukraine

After Russia annexed Crimea from Ukraine in 2014, authorities started nationalizing Ukrainian-owned energy companies in Crimea. In late 2015, Ukrainian supporters physically attacked electrical power distribution centers, plunging two million Crimeans in the dark.

Each of Ukraine's 24 regions is served by a different electric company. On December 23, 2015, the Ukrainian power grid experienced a cyberattack. The activists simultaneously attacked three power distribution substations, cutting power to some 230,000 Ukrainians.

The multistage, targeted cyberattack actually started in the spring of 2015. Let's take a look at how the cyberattack unfolded.

The Spear-Phishing Attack. In the first stage, the attackers launched a spear-phishing attack on IT staff and system administrators at three of the power distribution companies in Ukraine. The attack sent e-mails to employees that contained a malicious Word file. If an employee clicked on the document, a popup window told them to enable macros for that file. If they did so, a malicious software program named BlackEnergy3 infected their computers and allowed the hackers entry into their system.

Reconnaissance. The spear-phishing attack allowed the intruders to access the power distribution companies' corporate networks. However, the intruders still had to gain access to the supervisory control and data acquisition (SCADA) networks that actually operated the power grid, but the power companies had competently separated those networks from corporate networks with a firewall. Therefore, the attackers had to search the corporate networks and gain entry to the Windows Domain Controllers. From there, the hackers gathered employee login credentials from the user accounts. Some of these login credentials were used by employees to access virtual private networks (VPNs) to remotely log in to the SCADA network. The attackers now had access to the SCADA networks.

Disabling the uninterruptible power supply. The attackers now rejigged the supply of uninterruptible power to the three systems' control centers. They wanted to cut power to the operators as well as the customers.

Disabling the converters. The attackers then coded malicious software to supersede the actual software on converters at power company substation control systems. (These converters handle data from the SCADA network to the substations.) Disabling the converters stopped employees from transmitting remote commands to reestablish power after it was cut. The converters could not work and could not be recovered. This situation meant that the power companies could not recover until they obtained new converters and incorporated them into the power system. (Note: Power companies in the United States use the same type of converters as those used in Ukraine.)

Denial-of-service attack. The attackers now targeted customer call centers, initiating a telephone denial-of-service attack. That meant that customers could not call in to report the blackout when it occurred. The attack jammed up the distribution centers' call centers with thousands of false calls, blocking actual customers from getting through. This denial-of-service attack allowed the attackers more time to work on their attack because not only were substation employees seeing false information on their hijacked computers, but they were receiving no phone calls reporting power outages.

Causing the blackout. On December 23, the attackers used the commandeered VPNs to access the SCADA networks and deactivate the uninterruptible power supply that they had already reconfigured. Then they removed substations from the power grid.

Deploying KillDisk. Lastly, the attackers deployed software called KillDisk to complete their path of destruction. KillDisk deletes or overwrites essential system files from operators' computers to disable them as well. Because KillDisk also wipes the master boot file, operators could not reboot the crashed computers.

About half the homes in Ukraine's Ivano-Frankivsk region lost power. The cybercriminals also simultaneously attacked a large mining company and a major railway. The incidents seem to have been politically motivated, meant to disable Ukrainian critical infrastructure in a strike, according to security analysts at Trend Micro (www.trendmicro.com).

Homes and businesses in the impacted areas only lost power from one to six hours. However, more than two months later, the control centers were still not completely back online. Electricity was still being delivered, but employees had to manually operate the power substations.

The attack caused only digital damage; if the substations had been physically damaged, it would have taken much longer to restore power. In 2007, the U.S. government showed how criminals could remotely destroy a power generator through a SCADA attack with just 21 lines of malicious code.

Infrastructure personnel can learn many lessons from the attack. Ukraine's power generation control systems were unexpectedly more robust than some in the United States. The reason is that the Ukrainian SCADA networks were separated from the business networks with excellent firewalls. However, the Ukrainian control systems still had security weaknesses. For example, employees remotely accessing the SCADA network were not prompted to use two-factor authentication, which enabled the hackers to steal login information and gain entry to the SCADA systems.

Another lesson is that in the United States many power systems lack manual backups. That is, if criminals were to attack automated SCADA systems in the United States, it would be much more difficult to bring the grid back online.

This first-ever successful attack of a power grid's computers is a dire safety warning for other such systems across the world. Experts in industrial control systems at the Sans Institute (www.sans.org) say the hack of the Ukrainian power grid was the first time that cybercriminals have managed to directly bring down a power grid.

In December 2016, Ukraine was attacked again. Reports alleged that a group of Russians attacked computers at a control center of a power supplier in Kiev. The attackers apparently used phishing attacks on workers, enabling the intruders to grab login information and disable substations. The shutdown affected some 20 percent of Kiev's nighttime electrical use.

Sources: Compiled from J. Condliffe, “Ukraine's Power Grid Gets Hacked Again, a Worrying Sign for Infrastructure Attacks,” MIT Technology Review, December 22, 2016; E. Markowitz, “After Ukraine Cyberattacks, FBI and DHS Urge U.S. Power Companies to Develop Better Safety Protocols,” International Business Times, April 21, 2016; “FBI, DHS Issue Warning about Increasing Cyber Threat to Nation's Power Grid after Downplaying It in January,” Cyberwar.news, April 12, 2016; B. Gertz, “FBI Warns of Cyber Threat to Electric Grid,” The Washington Free Beacon, April 8, 2016; K. Zetter, “Inside the Cunning, Unprecedented Hack of Ukraine's Power Grid,” Wired, March 3, 2016; D. Voltz, “U.S. Government Concludes Cyber Attack Caused Ukraine Power Outage,” Reuters, February 25, 2016; W. Ashford, “Ukraine Cyber Attacks Beyond Power Companies, Says Trend Micro,” Computer Weekly, February 12, 2016; J. Robertson and M. Riley, “How Hackers Took Down a Power Grid,” Bloomberg BusinessWeek, January 14, 2016; M. Heller, “Russian Actors Accused of Attacking Ukraine with BlackEnergy Malware,” TechTarget, January 4, 2016; D. Goodin, “First Known Hacker-Caused Power Outage Signals Troubling Escalation,” Ars Technica, January 4, 2016; J. Cox, “Malware Found Inside Downed Ukrainian Grid Management Points to Cyberattack,” Motherboard, January 4, 2016.

  • Questions ( 1 point * 3 = 3 points)
  1. Describe what the Ukrainian power distribution companies did correctly to try to prevent such attacks.
  2. Describe what other actions that the Ukrainian power distribution companies did incorrectly, or did not do at all, in order to try and prevent such attacks.
  3. What lessons can other power companies gain from the Ukrainian cyberattack?
  • Explain the following 10 types of deliberate attacks (for each item, please do not write more than 5 lines). (0.2 point * 10 = 2 points)
  1. Espionage and trespass
  2. Information extortion
  3. Sabotage and vandalism
  4. Identity theft
  5. Phisihing attack
  6. Distributed denial-of-service (DDoS) attack
  7. Back door
  8. Supervisory control and data acquisition (SCAND) attacks
  9. Cyberterrorism and cyberwarfare

In: Operations Management

Ethics in Engineering For each of the following five (5) scenarios, state briefly ‘what you would...

Ethics in Engineering

For each of the following five (5) scenarios, state briefly ‘what you would have done’ from an ethics perspective:

d) Dissent about quality

Discuss the ethical issue this case raises.

Dissent about quality

I

A recent graduate of Engineering Tech, Bernie Reston has been employed in the Research and Development (R&D) Chemical Engineering Division of Larom, Inc. for the past several months. Bernie was recommended to Larom as the top Engineering Tech graduate in chemical engineering.

Alex Smith, the head of Bernie's unit, showed immediate interest in Bernie's research on processes using a particular catalyst (call it B). However, until last week, his work assignments at Larom were in other areas.

A meeting of engineers in Bernie's unit is called by Alex. He announces that the unit must make a recommendation within the next two days on what catalyst should be used by Larom in processing a major product. It is clear to everyone that Alex is anticipating a brief, decisive meeting. One of the senior engineers volunteers, "We've been working on projects like this for years, and catalyst A seems to be the obvious choice." Several others immediately concur. Alex looks around the room and, hearing no further comments, says, "Well, it looks like we're in accord on this. Do we have consensus?"

So far Bernie has said nothing. He is not sure what further testing will show, but the testing he has been doing for the past week provides preliminary evidence that catalyst B may actually be best for this process. This is also in line with what his research at Engineering Tech suggested with somewhat similar processes. If catalyst B should turn out to be preferable, a great deal of money will be saved; and, in the long run, a fair amount of time will be saved as well. Should he mention his findings at this time, or should he simply defer to the senior engineers, who seem as determined as Alex to bring matters to closure?

II

Bernie somewhat hesitantly raises his hand. He briefly explains his test results and the advantages catalyst B might provide. Then he suggests that the unit might want to delay its recommendation for another two weeks so that he can conduct further tests.

Alex replies, "We don't have two weeks. We have two days." He then asks Bernie to write up the report, leaving out the preliminary data he has gathered about catalyst B. He says, "It would be nice to do some more testing, but we just don't have the time. Besides, I doubt if anything would show up in the next two weeks to change our minds. This is one of those times we have to be decisive--and we have to look decisive and quit beating around the bush. They're really getting impatient on this one. Anyway, we've had a lot of experience in this area."

Bernie replies that, even if the data on B is left out, the data on A is hardly conclusive. Alex replies, "Look you're a bright person. You can make the numbers look good without much difficulty--do the math backwards if you have to. Just get the report done in the next two days!"

Bernie likes working for Larom, and he feels lucky to have landed such a good job right out of Engineering Tech. He is also due for a significant pay raise soon if he plays his cards right.

What do you think Bernie should do? Explain your choice.

  1. Write up the report as Alex says.
  2. Refuse to write up the report, saying he will have no part in falsifying a report.
  3. Other.

III

[Following II. 1.]

Bernie decides to write up the report. When he is finished, Alex asks him to sign it. Bernie now has second thoughts. He wonders if he should sign his name to a report that omits his preliminary research on catalyst B. Should he sign it?

IV

Bernie has now had more time to do research on catalyst B. After several weeks his research quite decisively indicates that, contrary to the expectations of Alex and the other more experienced engineers in the unit, catalyst B really would have been, far and away, the better choice. What should Bernie do now?

  1. Keep the data to himself--don't make trouble.
  2. Tell Alex and let him decide what, if anything, to do.
  3. Other.

V

Bernie decides to say nothing. Although Larom has lost a lot of money by investing in an inferior catalyst, it is quite possible that this is the end of the matter for Bernie. The customer never complains, and no one outside at Larom raises any questions. However, it might go otherwise. Suppose a Larom competitor discovers that catalyst B is better for this type of work and it begins receiving contracts that Larom would normally be awarded. Further, what if Alex's superior then makes an inquiry into why his unit has missed out on this development?

VI

[Following II. 3.]

Bernie tries to convince Alex that a straightforward report should be submitted. Since there is a virtual consensus in the unit that catalyst A is best, A can be recommended. But the preliminary evidence about B can also be mentioned. After all, Bernie suggests, if the entire unit is convinced that A is best despite the preliminary evidence about B, why wouldn't those outside the unit be persuaded by the received wisdom of the unit? If they aren't persuaded, perhaps they will grant the unit more time to continue the research on B.

Somewhat to his surprise, Bernie finds Alex and the others receptive to his suggestion. The preliminary evidence about catalyst B is included in the report, even though A is recommended.

Unfortunately, Alex's superiors are very upset with the recommendation. They are unwilling to go ahead with the project without further testing, but they bitterly complain that the further delay will be very costly. Alex is severely criticised for not having a more convincing set of data. He, in turn, blames his staff, especially Bernie, the new specialist in this area. Bernie, Alex tells his superiors, failed to complete the necessary testing in a timely fashion. Alex tells his superiors that he should have supervised Bernie's work more closely, and he assures them that he will not let matters get out of control again. Although Bernie is not fired, he is not promoted and his salary is frozen for another year. What should he do?

  1. Nothing. No good will come from complaining.
  2. Confront Alex, telling him what you think of what he has done, but carrying it no further.
  3. Other.

VII

Bernie decides he has nothing to gain from complaining to Alex or anyone else about becoming the "scapegoat" of the project. So, he keeps quiet. Sometime later, Alex is being considered for promotion to another division. Members of Bernie's unit are privately interviewed about his performance in the unit. Bernie is told that his comments will be kept confidential. What should he say in his interview?

VIII

Bernie says nothing negative about Alex in the interview. None of the others in the unit do either. Alex is promoted to another division. However, a year later it is discovered that he has directed someone in his new division to falsify data for reasons very similar to those in Bernie's original situation. The new person does what Alex asks. The result is a significant loss of money to Larom--only this time there is an expensive product-liability lawsuit relating to an unsafe Larom product. An inquiry takes place. The person who has falsified the report says that Alex has often requested that data be falsified--and that he typically has gotten young engineers to do the "dirty work" for him. So, it comes back to Bernie. He is asked why he didn't report Alex's orders to falsify data when the matter first came up. Bernie is accused of being partly responsible for allowing Alex to be promoted--with the resulting harm to others and loss of money and reputation to Larom.

In: Mechanical Engineering

Instructions: 1. Solve the following problems in a MATLAB script. You will be allowed to submit...

Instructions: 1. Solve the following problems in a MATLAB script. You will be allowed to submit only one script, please work all the problems in the same script (Hint: careful with variables names) 2. Show your work and make comments in the same script (Use %). Please write your name in the first line of the scrip with % 3. It is OK to work with other students, but what you submit should be your own work – not something copied from someone else.

Problem #1 (10 points): Using loops show the following calculation: ? ???? 25 3 ????=1

Problem #2 (15 points): When working with computer, microprocessors or digital systems most of the commands are represented in binary numbers, hexadecimal numbers, ASCII or octal. We want to write a code that do the following a. Inputs are decimal digits from 200 to 400 counting by 10 b. When the counter find a number smaller than 300 the result will be the same number converted into hexadecimal c. When the counter find 300 display “We are at 300 from now on the numbers will be display as binary numbers” d. When the counter find an number bigger than 300 the result will be the same number converted into binary

Problem #3 (25 points): As you make decisions over your 401K, you find one investment opportunity that will draw 09% interest per year added to your account. The trick about this investment is that you will need to cancel the investment as soon as you double the amount of money you put in the first time which could be any amount from $5000 - $7000. You will received statements of the balanced for the total years you invested until the balanced is doubled. Expected from this program: • Initialize balance, year, and interest rate. Your first year is denominated at year 0. • You will need to display the balance with headings “Year” and “Balance” until the balance is twice the original. • Please display the numbers with bank format Example: Initial Balance=4500.00 Year Balance 1.00 4905.00 2.00 5346.45 3.00 5827.63 4.00 6352.12 5.00 6923.81 6.00 7546.95 7.00 8226.18 8.00 8966.53 9.00 9773.52

Problem #4 (35 points): A friend ask you to babysit their 5 year old named Kylo-Ren. After the kid tablet run out of battery and is almost at the point to start screaming, you decide to play a game. Since you are an expert in MATLAB or at least love writing some easy scripts, you decide to work a game for him. You want MATLAB to generate a random integer number that KyloRen will guess. Expected from this program: • Generate a random integer (no higher than 25). Keep in mind that a 5 year old will probably do not want to play a game if it is too long or too short. • Ask the user to input a guess. Please specify how high the guess could be. • Check the guess given for the user. If the guess is too low tell the user: “Kylo-Ren, your guess is too low, please try again and enter a new guess number”. The same thing should happen if the guess is too high. • When the guess is equal to the random number please congratulate Kylo-Ren. • If you can add sounds to the game, Kylo-Ren will be more eager to play over and over again which will give you time to watch one episode of the Big Bang Theory. Plus you can get bonus points. Example: Please enter your guess between 1 and 20: 5 Sorry your guess is too low Please enter your next guess: 15 Sorry your guess is too high Please enter your next guess: 5 Sorry your guess is too low Please enter your next guess: 10 Sorry your guess is too low Please enter your next guess: 12 Sorry your guess is too low Please enter your next guess: 14 Sorry your guess is too high Please enter your next guess: 13 At last! :)

Problem #5 (15 points): You all know I like sports, especially baseball. What is your favorite sport? Expected from this program: • Show the options in a menu form for the user for them to press either Baseball, Football, Soccer, Track and Field, Other, and Quit Survey. • When display a fun fact for each sport as follows o Baseball - display “Bobby Richardson is the only player to win an MVP on the World Series losing team” o Football – display “It takes 600 cows to make one full season’s worth of NFL footballs” o Basketball – display “ Basketball was invented by a YMCA teacher in Springfield, MA” o Soccer – display “FC Barcelona wears UNICEF logo in their shirt while donating 1.5M euros each year – Reverse sponsorship” o Track and Field – display “UNC Charlotte Men T&F Team Won C-USA Championship this year” o Other – display “ Golf: The average golf ball has 336 dimples, Tennis: Tennis balls where change from white to yellow in 1972” o Quit Survey – display “Thanks for participate” Example: Panther: Keep Pounding Broncos are my option Thanks for participate

Problem #6 (20 points): We have set up a limit in current on a piece of equipment to be 0.45 Amps. When the system is running data is gather in the DAQ. The system generates a vector of 10 random numbers in one single column. The control system is comparing if the values of the result currents are higher than the limit set for the supplier. We need to project the results into a monitor for easy understanding and to take action over the equipment. If one of the parameters in the vector has a value higher than the limit, we will need to display a message that say “There is at least one current value measure above the limit”, if this is not true, please display “All values are below the limit. You can proceed with your data acquisition”.

In: Electrical Engineering

Monetary policy: read article and explain the relation between fed put, interest rates, fed balance sheet...

Monetary policy: read article and explain the relation between fed put, interest rates, fed balance sheet shrinking, and bond and stock prices and yields. Just explain the article


Does Jay Powell Have the Stock Market’s Back?

Investors have long expected the Fed to step in when prices plunge. It looks like the current chairman won’t let them down.

By Michael P. Regan
Business Week; February 8, 2019, 4:00 AM CST

Traders and stock market pundits are talking about a “Powell put,” after Federal Reserve Chairman Jerome Powell presided over a decision in late January to ease off on rate hikes. It’s a callback to the fabled Greenspan put, which was the idea that Fed chief Alan Greenspan in the 1990s and early 2000s would never allow the stock market to fall too far.

Worth decoding is the Wall Street jargon: A put is a trade that pays off when shares fall. Investors can use it as a kind of insurance. But if you expect the central bank to step in and ease monetary conditions whenever the market gets anxious, that’s almost as good a safety net. Hence the notion of the Fed providing every investor with a put.

The reality, of course, is more complicated. Greenspan’s aggressive interest-rate cuts didn’t prevent the dot-com bubble from bursting, and Ben Bernanke’s reductions couldn’t stop a tailspin as the financial crisis unfolded. Still, both arguably helped fuel a recovery once stocks bottomed out. In the Janet Yellen era, pauses between hikes rather than cuts were what some called the Yellen put.

The drama surrounding Powell is that traders can’t quite figure out how low he’ll let the market go. From the start he’s shown some tolerance for stock market pain. He assumed the job a year ago as the economy was accelerating. The S&P 500 had surged 24 percent in the 12 months through January 2018. But it was amid a 10 percent retreat that Powell took the oath of office in early February. In remarks at his swearing-in ceremony, he said, “We are in the process of gradually normalizing both interest-rate policy and our balance sheet.” Traders took that to mean Powell wasn’t in a hurry to help them out.

It didn’t matter for long, because the market recovered as President Trump’s tax cuts fueled a surge in earnings, even as the Fed went on to raise its benchmark rate in March, June, and September. But after the third hike, which brought the upper end of the federal funds rate to an almost 11-year high of 2.25 percent, stocks started swooning. The S&P 500 was down about 13 percent from its record as the Fed met in December. Even that didn’t produce a Powell put: The central bank lifted borrowing costs a fourth time, and its Dec. 19 statement indicated that “some further gradual increases” in rates were ahead. The market went on to extend its fall to almost 20 percent from its record high before paring those losses.

Then came the January surprise. The Fed kept rates unchanged—as expected—but made a crucial tweak in its language, eliminating reference to further rate hikes. It also issued a statement regarding its strategy of shrinking its $4 trillion balance sheet: letting bonds in its portfolio mature without replacing them, which can put upward pressure on interest rates. The pace of this downsizing, which Powell previously said was on “autopilot,” was now being reconsidered. Asked about the role the stock market played in his change of heart, he pointed at the ripple effects on the broader economy. “Financial conditions matter,” he said at a press conference following the announcement. “Broad financial conditions changing over a sustained period, that has implications for the macro economy.”

Wall Street’s Fed watchers reacted in shock. Barclays Plc economist Michael Gapen called it “capitulation” in the face of a volatile market. George Saravelos, head of foreign exchange research at Deutsche Bank AG, referred to “regime change.” Tom di Galoma at Seaport Global Holdings LLC called it “one of the most dovish turnarounds” he’s seen in his 30-year career. Short-term interest-rate traders started betting more on rate cuts than rate increases.

Investors shouldn’t get carried away. “The market tends to hear what it wants to, rather than what is really being said,” wrote Brad McMillan, chief investment officer for Commonwealth Financial Network, a group of broker-dealers and advisers. “So far, what the Fed has said is that it is being patient with rates and intends to keep them as the primary tool of monetary policy. It did not say that policy will be loosening.”

The question now is what happens if stocks keep climbing and economic data strengthen enough to threaten one of the Fed’s main mandates, keeping inflation in check. Given Powell’s commitment to normalization, some think his put looks like it’s part of a more elaborate trade known as a “collar.” That’s a bet that the market will stay in a certain range. “We’ve shifted from a Fed put to a Fed collar,” Michael Collins, a senior portfolio manager at PGIM Fixed Income, told Bloomberg Television on Feb. 1. If stocks rally until the central bank’s next meeting in March, he worries the Fed will be “talking about another hike or two later this year. And maybe that limits the upside.”

BOTTOM LINE - Fed Chairman Powell started a course of raising rates despite jittery markets last year, but he now seems hesitant to spook investors with further hikes.

In: Economics