Ethics in Commerce

Sparrow Pharmaceuticals is the maker of several popular drugs used to treat high blood pressure and arthritis. Over time, the company has developed a positive relationship with many of the patients who use its medications through a quarterly newsletter that offers the latest information on new medical research findings and general health and fitness articles. The company just has been acquired by a group of investors who also own Soothing Waters Hot Tubs and Spas. The marketing director for Soothing Waters would like to use Sparrow’s mailing list for a direct-mail promotion.


Ethics Questions:

What should Sparrow Pharmaceuticals do?

Do you think it is ethical to use customer information across multiple divisions of the same company? Explain.

To which marketing management philosophy do you think the marketing director for Soothing Waters subscribes? Explain.

Does the AMA Statement of Ethics address the use of the customer information by multiple divisions of the same company? Go to http://www.marketingpower.com and review the statement. Then write a brief paragraph on how the AMA Statement of Ethics relates to Sparrow Pharmaceuticals’ dilemma.

(To locate the Statement of Ethics students would go to http://www.marketingpower.com and in the top right corner they would select, “About AMA,” and underneath “About AMA,” there are several Gray tabs to choose from, select “Statement of Ethics,” and begin to review the Statement of Ethics.)

The requirements below must be met for your paper to be accepted and graded:

Write between 500 – 750 words (approximately 2 – 3 pages) using Microsoft Word.

You are the appointed Supply Chain Manager for a company that manufactures and sells its products to retailers and to end consumers. The company uses its own trucks to deliver to retailers and UPS for its online orders to deliver to end consumers.

Apply your understanding of the 5 components of Supply Chain by explaining to me as your CEO how are you going to successfully plan, source material & equipment, manufacture, deliver and handle returned items. Give examples and elaborate as necessary.

Remember the 5 basic components are:

1. Planning

2. Sourcing

3. Making

4. Delivering

5. Returning

Note to students: the exercise is meant to be individual and unique to every student. That is why the assignment is not limited to a specific brand or product.

Grading Criteria - Rubric

This assignment will be graded out of 15 marks as follows:

Presentation 3 marks

Cover page, organization, neatness

Word processed, spelling, grammar, medium, quality of in class presentation, clarity, interest, understanding.

Note: Proper citation of references is required (MLA or APA format)

It is your responsibility to familiarize yourself with the proper procedure for maintaining academic honesty. You can also seek assistance from Student Services in understanding the policy and procedures for Academic Honesty.

Content 6 marks

Demonstrated understanding of the subject matter (i.e.. not simply cutting and pasting content from websites)

Analysis 6 marks

Logic, methodology, originality, creativity

Please run a two sample test on independent means using the given data. You may use either a calculator or statdisk but please indicate clearly at the top of your word document what method you are using. if you can type everything out it would be helpful sometimes its hard to read some handwritings but PLEASE STATE THE METHOD YOUR USING EITHER STATDISK OR A CACULATOR

Is Job Satisfaction going down? In the past ten years, several authors have stated that people are miserable in their jobs and have become increasingly unhappy over time. Job satisfaction scores from participants in the General Social Survey (GSS) in 1975 and 2006 were studied. Higher scores indicate greater satisfaction, with 2.5 being a neutral score. Here are summaries of scores for 1975 and 2006:

a) Run a test of significance to see if there is a significant decrease in mean scores from 1975 to 2006? Be sure to clearly state the null and alternative hypotheses, clearly label and state the value of the test statistic, clearly label and state the value of the P-value and clearly state the conclusion of the test in the context of the problem.

b) The paper from which the data came includes several years from 1972 to 2006. 1975 was the year with the highest mean score. What, if any, effect does this information have on your assessment of whether job satisfaction has decreased over time?

MGMT5018 Individual Assignment 1

Week 3 MGMT 5018 Individual Assignment # 1, Due in Week 4 - 15% of Overall Mark
You are the appointed Supply Chain Manager for a company that manufactures and sells its products to retailers and to end consumers. The company uses its own trucks to deliver to retailers and UPS for its online orders to deliver to end consumers.
Apply your understanding of the 5 components of Supply Chain by explaining to me as your CEO how are you going to successfully plan, source material & equipment, manufacture, deliver and handle returned items. Give examples and elaborate as necessary.
Remember the 5 basic components are:
1. Planning
2. Sourcing
3. Making
4. Delivering
5. Returning

Note to students: the exercise is meant to be individual and unique to every student. That is why the assignment is not limited to a specific brand or product.
Grading Criteria - Rubric

This assignment will be graded out of 15 marks as follows:

Presentation 3 marks

Cover page, organization, neatness

Word processed, spelling, grammar, medium, quality of in class presentation, clarity, interest, understanding.

Note: Proper citation of references is required (MLA or APA format)

It is your responsibility to familiarize yourself with the proper procedure for maintaining academic honesty. You can also seek assistance from Student Services in understanding the policy and procedures for Academic Honesty.

Content 6 marks

Demonstrated understanding of the subject matter (i.e.. not simply cutting and pasting content from websites)

Analysis 6 marks

Logic, methodology, originality, creativity

1. Researchers have long suspected that texting has a detrimental effect on driving behavior. To avoid unnecessary high risk of driving on the roads, driving behavior is measured via driving simulator and the number of mistakes is recorded while texting and not texting as the person is driving the simulator. Mistakes such as failing to stay within the lane, driving at least 10 miles below or above the speed limit, and failing to use the turn signal are automatically recorded. To avoid individual differences in driving behavior, participants are tested twice: once under the “texting while driving” condition and once under the “driving without texting” condition. There are nine participants in the study. Their driving mistakes are reported in the table below.

Question: Do the data support the claim that texting has a detrimental (negative) effect on driving behavior, using an α = 0.05?

For this question, you must follow the steps of hypothesis testing and complete all your calculations by hand. Remember to show your calculations and provide your conclusions in sentence format.

Once you finish this part of the assignment, you can scan or take a photo of your work and paste the scan/photo in your Word document.

Table 1.

Number of mistakes by study participants while using the driving simulator

Question 3 [Note this question is from the Week 5 Tutorial] Internal controls play an integral role in developing reliable financial records that facilitates the decision-making process. Further, a well-designed internal control system helps in preventing or detecting errors and fraud. Realising the importance of internal controls, the internal auditing department of Dynamic Sportswear periodically reviews the accounting records of the company to determine the effectiveness of the internal controls. During the latest review, the internal audit department found the following conditions: 1. There are occasional discrepancies between the daily bank deposits and the cash receipts. [1 Mark] 2. One employee is preparing and approving the bad debt write-offs. [1 Mark] 3. There are also occasional discrepancies between physical inventory counts and perpetual inventory records. Furthermore, alterations have been made to the physical inventory counts and to the perpetual inventory records. [3 Mark] 4. The customer's records reveal that there are many customer refunds and credits. [1 Mark] 5. Many original documents are missing or lost. However, there are substitute copies of all missing originals. [2 Mark] 6. There is a substantial decrease in the gross profit percentage. This decrease is not explained. [2 Mark] 7. Many documents are not approved. [1 Mark] Required: Describe the possible reasons for these identified conditions above (from 1. – 7.) and recommend effective internal control(s) for each condition. [11 marks. Word limit: Up to 400 words.]

1. Find the appropriate measure of center. Discuss why the chosen measure is most appropriate. Why did you decide against other possible measures of center?
2. Find the appropriate measure of variation. The measure of variation chosen here should match the measure of center chosen in Part 1.
3. Find the graph(s) needed to appropriately describe the data. These may be done by hand and inserted into the Word document.
4. Define a random variable (X) so that your chosen data set represents values of X.
5. Is your chosen random variable discrete or continuous? Explain how you know.
6. Would the Normal or Binomial distribution be a good fit for the underlying sample distribution of X? If one of them is a good fit, state how you would approximate the distribution parameters.
7. Calculate the probability that a flight will depart early or on-time.
8. Calculate the probability that a flight will arrive late.
9. Calculate the probability that a flight departs late or arrives early.
10. Assume now that the random variable X=Arrival Time is exactly normally distributed with mean m= -2.5 and standard deviation s= 23. Compute the probability of a flight arriving late based on this new information. Does this contradict your answer from Part 8?

All calculations must be performed in Excel. The Excel file must be submitted as part of the report.

I need help knowing what formulas to plug in when using excel, please help. I have no clue how to work out these questions in excel. I only got question 1 & 2 solved.

MAXIMIZING PROFIT: CUSTOM GAMING PCs

You are the owner of a mid-sized computer manufacturing and assembling facility – what started as a small business building and customizing computers for friends and family has grown into a much larger operation, and you want to make sure you are using your labor hours in the most efficient way to maximize your profits. Your company manufactures and assembles three types of custom gaming PCs, and the amount of manufacturing and assembling times required for each model along with the profit you make on each unit are given below:

Your labor budget each week is 1,000 hours of total manufacturing time, and 1,600 hours of assembly time. How many of each type of custom gaming PC should you task your teams with creating each week to maximize your profit?

1.    (4 points) Identify the variables you are solving for in this problem (assign a letter name and describe each in word) and write down the constraints of the problem using inequalities (include any ‘natural’ constraints as well).

2.    (2 points) Write down an equation for the objective function you are trying to maximize (profit). Rewrite this equation into the form of an inequality that you will use to enter it into the simplex tableau.

data set will need at least four variables - at least two categorical and at least two quantitative. For example, you might consider the following variables for American participants in a survey: birth month (categorical), state of birth (categorical), average number of bowls of cereal eaten per week (quantitative), and amount spent on groceries (quantitative).

(a) First, formulate a research question relating to two of your quantitative variables along the lines of "how does *quantitative variable 1* relate to *quantitative variable 2*?" For example, you might ask "Does the average height for students relate to the average number of hours slept by students?" Include the question in your Word document.

(b) Create a least-squares regression line that answers the research question posed in part (a). Your answer here will be graded on the following: (i) an appropriate scatterplot related to the two variables (ii) correlation coefficient "r" and coefficient of determination "r²" between the two variables, (iii) a determination of whether the correlation coefficient is significant and (iv) whether your line is correct (with slope and intercept) based on the data provided!

Sam Forbes and Jenny Hewes are senior vice-presidents of the First Creek Investment Council . They are co-directors of the company's pension fund management division, with Sam having responsibility for fixed income securities (primarily bonds) and Jneey being responsible for equity investments. A major new client has requested that council present an investment seminar to Executive Committee, and Forbes and Hewes, who will make the actual presentation, have asked you, a recent UCW graduate to help them.                                                                                                       

to illustrate the common stock valuation process, Sam and Jenny have asked you to analyze the Temp Force Company, an employment agency that supplies word processor operators and computer programmers to businesses with temporarily heavy workloads. You are to answer the following questions. the required rate of return in of the firm's stock is 11.8%.   Assume that Temp Force is a constant growth company whose last dividend (Do, which was paid yesterday) was $2.00, and whose dividend is expected to grow indefinitely at a 5 percent rate.            

c. Now assume that the stock is currently selling at $43.75. What is the expected rate of return on the stock?   

f. What would the stock price be if its dividends were expected to have zero growth?

g. Now assume that Temp Force is expected to experience supernormal growth of 30 percent for the next 3 years, then to return to its long-run constant growth rate of 5 percent. What is the stock's value under these conditions? What is its expected dividend yield and capital gains yield in Year 1? In Year 4?