In: Psychology
You are the CEO of a small Canadian online company selling organic energy bars that just started expanding into the United States. You are working on your strategic implementation plan. Please fill in the template below with examples that make sense in your current situation. Your budget is $2M.
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Vision: |
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Mission: |
Strategy Implementation Plan
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In: Operations Management
For this assignment you will read the scenario below: You are the President of the United States, and your first term ends in a year. The cost-control mechanism you instituted 2 years ago, based on patient cost sharing and managed competition, has not worked, and the American people are upset about persistent health care inflation. You are preparing for a major television address on health care costs. Based on this scenario you will develop a 10-12 PowerPoint that includes the following:
1. A definition of patient cost sharing and managed competition. What are these practices and what is the expected outcome?
2. An explanation of whether these strategies are considered ‘painful’ or ‘painless’ cost controlling mechanisms (answer Only 2)
3. A proposal on either the expansion of current cost-sharing programs and more regulations to control costs or the elimination of the two current control mechanisms in favor of new ones.
In: Economics
Corporate Bonds - They Are More Complex than You Think:
When John Sullivan was hired as chief investment strategist at the New York headquarters A. M. Smith Inc. , he had indicated that one of his main goals would be to significantly expand the fixed - income unit of the firm's overall investment portfolio, A. , M. Smith, Incorporated, a prestigious investment services firm, had branches in 28 major metropolitan cities across the United States, as well as a few overseas branches in the United Kingdom, Canada, Singapore, and Australia. The size and performance of its equity portfolio ranked it in the top 10% of all investment companies Worldwide, due due to its excellent customer relations, research staff and client support services. However, with the recent, prolonged drop in interest rates, a constant surge in fixed - income underwriting looks seemed to be circling around the firm's radar. | John realized that the firm's client base, although pretty knowledgeable about equity investing, would need to be adequately informed, trained, and educated about the finer nuances of fixed income investing if he stood any chance of attaining his goal. So, he hired Jill Dougherty, who had worked for a bond trading firm for almost 10 years, prior to going back to Wharton full-time to earn her MBA degree this past year. She also managed to pick up her CFA design along the way. John told Jill that her first major assignment would be to conduct educational seminars / workshops for current and prospective clients regarding the basic and advanced aspects of fixed income investing. With about 75% of our clients being in the 55 + age group, Jill, you should have no problem in signing these folks up for these workshops, and convicting them about the stability and earnings potential associated with corporate bond investing, stressed John, as he browsed through the spreadsheet containing the contact information of the firm's Wealthiest Investors, "You would, however, have to indoctrinate them about the various terms and features associated with these bonds, such as yield to maturity, call provisions, convertibility, duration , convexity, and the like, he added. With the $ 55 - million utility bond deal hanging in the balance, any help we can give our best clients in understanding the relative investment merits of this deal will certainly go a long way in generating a ton of fixed - income business for the firm, don’t you think? "Queried John. You bet! "Jill, as she contemplated John's statements," replied, "I'll get right to work on these workshops, John. - Income investing workshops by surveying sarape of the firm's best clients regarding their merits of key bond testis, features, and characteristics. , motivated, and interested they were to know more about the opportunities offered by bond investing. Jill knew that she would have a good turnout at the seminar. in her PowerPoint presentation. She downloaded current data for outstanding bonds of various maturities, ratings, and coupon rates (see Table 1)
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Issuer |
Face Value |
Coupon Rate |
Rating |
Quoted Price |
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ABC Energy |
$1,000 |
6% |
AAA |
$809.10 |
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ABC Energy |
$1,000 |
0% |
AAA |
$211.64 |
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Trans Power |
$1,000 |
10% |
AA |
$1025.00 |
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Telco Utilities |
$1,000 |
12% |
AA |
$1300.00 |
6. How should Jill go about explaining the riskiness of each bond? explain raniking and find realized return for each bond.
In: Accounting
US History
Freedom House was an organization that:
a demanded American intervention in the European war.
b Jewish refugees could flee to from Europe.
c believed the European war was not an American concern.
d raised funds for Japanese-Americans to use for legal fees to bring court cases against the United States for unlawful imprisonment.
e was located in Chicago and acted as a networking resource for blacks moving there from the South.
Which of the following best describes Nixon's foreign policy of "détente"?
a It meant a continuation of the status quo.
b The United States was not yet willing to sign arms-control treaties with the Soviet Union.
c As demonstrated by diplomatic visits to both China and the Soviet Union, Nixon sought a peaceful coexistence with communist nations.
d It meant a rejection of Henry Kissinger's "realist" approach to the Cold War.
e It meant Nixon had gone "soft" on communism.
"Americanization" was:
a the Viet Cong's policy of immediate execution of defectors recaptured from the South Vietnamese army.
b Nixon's term for the transformation of young people into "real" Americans when they refrained from protesting against the war.
c Nixon's Vietnam strategy to have American troops gradually withdraw and South Vietnamese troops assume more of the fighting.
d the State Department program offering fast-tracked political asylum for South Vietnamese military officials and their families.
e the spread of American culture in South Vietnam to display the benefits of capitalism.
What was the Contract with America?
a A press term for the Clinton reelection strategy.
b Clinton's 256-page proposal to overhaul the nation's welfare system.
c A 1994 Republican plan to steeply cut federal education, medical, and environmental programs.
d A speech delivered by Clinton that promised to continue to work on health care reform.
e what Democrats called Bill Clinton's victory in 1992.
Globalization:
a had little to do with the collapse of communism.
b was symbolized by corporations such as Microsoft and organizations like the WTO.
c is closely associated with the 1990s, although it was not a new phenomenon.
d promoted the free flow of goods and services across borders, but only with a strict regulatory apparatus in place.
e B and C
In the 1990s, the prison population:
a declined because there was little new prison construction.
b experienced shorter sentences and more rehabilitation programs than before.
c increased because crime rates increased in the 1990s.
d increased as state governments increased penalties for crimes and decreased parole.
e declined because states refused to fund the "prison-industrial complex."
In: Psychology
|
Date |
Debit Card and Credit Card |
Cash Sale |
Deposited cash in Bank |
|
15/9/2020 |
$2,956.00 |
0 |
|
|
16/9/2020 |
$1,848.00 |
$477.50 |
17/9/2020 |
|
17/9/2020 |
$3,240.00 |
$350.50 |
18/9/2020 |
|
18/9/2020 |
$1,259.50 |
0 |
|
|
19/9/2020 |
$1,729.50 |
0 |
|
|
20/9/2020 |
$1,404.50 |
0 |
|
|
22/9/2020 |
$2,327.00 |
$140.50 |
23/9/2020 |
|
23/9/2020 |
$3,140.50 |
$330.50 |
24/9/2020 |
|
24/9/2020 |
$2,890.00 |
0 |
|
|
25/9/2020 |
$1,448.00 |
0 |
|
|
26/9/2020 |
$3,240.00 |
$347.00 |
28/9/2020 |
|
27/9/2020 |
$1,269.50 |
$332.00 |
28/9/2020 |
|
29/9/2020 |
$1,829.50 |
0 |
|
|
30/9/2020 |
$3,104.50 |
$277.00 |
Not yet deposited |
Credit Card Transactions:
|
From |
Payee |
||
|
10/9/2020 |
Dandenong City Council |
Council Rates |
$880.00 |
|
15/9/2020 |
India Bazar |
Rice, Wheat, Pulse and Spices |
$770.50 |
|
15/9/2020 |
Cookers |
Oil |
$491.00 |
|
15/9/2020 |
AAMI |
Work Cover Insurance |
$900.00 |
|
15/9/2020 |
House |
Kitchen Supplies |
$425.00 |
|
15/9/2020 |
House |
Uniform |
$550.00 |
|
15/9/2020 |
Bunnings |
Cleaning Supplies |
$429.00 |
|
16/9/2020 |
Eastern Butcher |
Meats |
$2,250.90 |
|
16/9/2020 |
Farm Fresh |
Vegetables |
$595.00 |
|
16/9/2020 |
Kou Her |
Herbs |
$70.00 |
|
16/9/2020 |
British Petroleum |
Ice |
$10.00 |
|
16/9/2020 |
Coles |
Groceries |
$192.00 |
|
16/9/2020 |
Office Works |
Stationary |
$99.00 |
|
22/9/2020 |
India Bazar |
Rice, Wheat, Pulse and Spices |
$770.50 |
|
22/9/2020 |
JJ Richards |
Waste Removal |
$110.00 |
|
23/9/2020 |
Cookers |
Oil |
$521.00 |
|
24/9/2020 |
Coles |
Groceries |
$210.00 |
|
25/9/2020 |
Maintenance of Hood |
Blue Repairs |
$220.00 |
|
26/9/2020 |
India Bazar |
Rice, Wheat, Pulse and Spices |
$660.50 |
|
26/9/2020 |
Coles Express |
Fuel |
$75.20 |
|
27/9/2020 |
Eastern Meats |
Meats |
$2,550.90 |
|
27/9/2020 |
Farm Fresh |
Vegetables |
$610.00 |
|
29/9/2020 |
Kou Her |
Herbs |
$70.00 |
September26: Credit card payment $9,000.
September28: Paid net wages to 4 employees @$1082 each after withholding tax of @$118 per employee. Guaranteed super is 9.5% on gross salary. You will mention the name of each employed as a payee.
September 28: Received Electricity bill $231 including GST. The bill is not yet paid.
September 30: Bank charged account fees $10.
In: Accounting
SSHA score
Survey Study Habits and Attitude (SSHA) is a psychological test designed to measure motivation, habits and attitudes towards learning among college students in the United States. The scores on the SSHA range from 0 to 200. In a study at an American college, the results were included in the data file SSHA.SAV.
1- Give a descriptive description of the SSHA score, with mean, median, standard deviation and any other descriptive targets that can describe this data.
2- Are the SSHA slots normalized?
The study also indicates whether you are female (sex = 0) or male (sex = 1).
3- Provide a 95% confidence interval for the average for women and men individually.
4- Show that confidentiality ranges for women and men are overlapping.
A researcher of you claims that the impossible can be statistically significant difference between the SSHA scores as long as the confidence intervals are (partially) overlapping. What do you mean about this claim?
5- Test the hypothesis that the SSHA scores are equal for men and women. What is the conclusion? Be sure to check the assumptions that lie behind the test
6- Summarize the conclusion in point 5 to what you got in point 4, and what can you tell your alleged researcher?
SPSS FILE 1.
Score
154
109
137
115
152
140
154
168
101
103
126
126
137
165
165
128
180
148
108
140
114
91
175
115
126
92
169
146
109
132
75
88
113
151
70
115
169
104
SPSS FILE 2.
SEX
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
In: Statistics and Probability
SSHA score
Survey Study Habits and Attitude (SSHA) is a psychological test designed to measure motivation, habits and attitudes towards learning among college students in the United States. The scores on the SSHA range from 0 to 200. In a study at an American college, The SSHA, SPSS file is attached below with the number SPSS FILE 1 AND 2..
1- Give a descriptive description of the SSHA score, with mean, median, standard deviation and any other descriptive targets that can describe this data.
2- Are the SSHA slots normalized?
The study also indicates whether you are female (sex = 0) or male (sex = 1).
3- Provide a 95% confidence interval for the average for women and men individually.
4- Show that confidentiality ranges for women and men are overlapping.
A researcher of you claims that the impossible can be statistically significant difference between the SSHA scores as long as the confidence intervals are (partially) overlapping. What do you mean about this claim?
5- Test the hypothesis that the SSHA scores are equal for men and women. What is the conclusion? Be sure to check the assumptions that lie behind the test
6- Summarize the conclusion in point 5 to what you got in point 4, and what can you tell your alleged researcher?
SPSS FILE 1.
Score
154
109
137
115
152
140
154
168
101
103
126
126
137
165
165
128
180
148
108
140
114
91
175
115
126
92
169
146
109
132
75
88
113
151
70
115
169
104
SPSS FILE 2.
SEX
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
In: Statistics and Probability
USA's different cultural and institutional profiles compared to the United Kingdom.
One North American employee is coming to work in your organisation in United Kingdom, you are the manager of your organisation in the United Kingdom.
A. Put together a report advising about cultural differences that the North American may have coming to work in the United Kingdom, and the differences in the institutional business environment.
B. What challenges may arise for the manager in the United Kingdom, dealing with a North American?
In: Operations Management
Central bankers have a favourite mantra: Patch the roof while the sun is shining.
But 10 years after the Federal Reserve worked alongside the European Central Bank and the Bank of Japan to bring the global economy back from the brink, their ability to prevent the next downturn is limited.
Whether the world’s central banks are prepared to combat another slump is becoming less of a hypothetical question as the global economy shows signs of strain. The chances that the United States will enter a recession by next year have grown as manufacturing weakens and trade uncertainty drags on. In Germany, the unemployment rate has ticked higher, and industrial production is slowing. In Japan, weak factory production and waning exports heighten vulnerability.
A recession is far from inevitable — particularly one as deep and painful as the last. But the capacity for the type of decisive response that prevented an even worse outcome in 2008 has been hindered. Back then, central banks cut rates, bought up bonds, extended government backing to financial products, lent money to banks and in some cases coordinated with government authorities to make sure their rescue packages didn’t work at cross-purposes. It was an unprecedented period of experimentation, one that saved economies careening toward collapse.
But today, interest rates remain below zero in Japan and Europe. They are low by historical standards in the United States, leaving less room to cut in a downturn. Most central banks still hold huge amounts of the bonds and other securities they bought to prop up their economies the last time, which could make another buying binge more difficult and dampen its effects.
Monetary policy is also running low on credibility. Major central banks have failed to hit their 2 percent inflation targets during this expansion, heightening the risk that prices will slip dangerously low come the next downturn. And while promises of lower-for-longer interest rates have been a major source of stimulus in recent years, those pledges might lose some of their punch in a world where investors already expect permanently low rates.
Those constraints are especially worrying at a time when governments show little appetite for working together to offset a broad-based global slowdown. The United States and Europe are in the midst of a trade dispute that followed President Trump’s decision to impose tariffs on steel and aluminium and his threat to levy taxes on German and other European cars. Mr. Trump has criticized the European Central Bank for taking steps to protect the eurozone economy, accusing it of trying to weaken the euro and put America at a disadvantage.
Mr. Trump suggested last week that central banks were in something of an arms race, saying on Twitter that China and Europe were manipulating their currencies to gain an edge over the United States and that the Fed should start doing the same.
“We should MATCH, or continue being the dummies who sit back and politely watch as other countries continue to play their games — as they have for many years!” he wrote.
Central bank officials insist that they are prepared to act aggressively if another recession flares. The E.C.B. stands prepared to stimulate the eurozone, and the Fed is signalling that it could soon cut interest rates to try to get ahead of mounting risks in the United States.
But economists across the globe say central banks can no longer be sole saviours the next time a downturn hits. That reality is colliding with political constraints in the United States and Europe, where lawmakers may prove unable — or unwilling — to quickly roll out expensive stimulus packages.
“Fiscal policy has a much more active role to play, and it is not yet equipped to do so,” Olivier Blanchard, a former International Monetary Fund chief economist, said last month at a central banking forum in Sintra, Portugal, specifically referring to Europe.
When it comes to monetary policy, “surely there is not enough room to respond to even a run-of-the-mill recession,” he said.
Christine Lagarde, who has been nominated to succeed Mario Draghi as head of the European Central Bank and currently heads the International Monetary Fund, has warned that central banks are likely to be the main line of defence given fiscal constraints.
“High public debt and low interest rates have left many countries with limited policy room for manoeuvre,” Ms. Lagarde said in a June blog post. She added that in a downturn, nations would need to use their economic tools together, with “decisive monetary easing and fiscal stimulus wherever possible.”
Global economic growth has crept back after a deep recession, and as recently as early 2018 a coordinated international expansion was underway. But progress has shown cracks in recent months, with trade flows slumping and manufacturing indexes pulling back from Asia to Europe.
The Morgan Stanley economist Chetan Ahya estimates that if Mr. Trump’s trade war with China isn’t resolved and the administration follows through with its threats to increase tariffs, growth could fall enough that “we could wind up in a global recession in about three quarters.” Risks seem to have abated slightly after the recent Group of 20 meeting, where Mr. Trump suspended a tariff escalation and restarted trade talks with China.
But uncertainties persist. Those talks could crumble again, leading to additional import taxes. And beyond America’s trade wars, the threat of a disorderly British withdrawal from the European Union and a continuing slowdown in China pose further risks to international activity.
Those factors prompted Mr. Draghi to strongly signal in June that the central bank was planning to revive stimulus measures it had used during the eurozone debt crisis.
While Mr. Draghi insisted the bank still had “considerable headroom” to buy bonds as a way of pumping money into the economy, some analysts think he acted pre-emptively precisely because he knows the central bank’s capacity is finite. Better to use the bank’s limited resources now when they can still do some good.
In the United States, the Fed is also considering acting sooner rather than later as it tries to judge whether a rate cut is warranted. Emerging research suggests that moving quickly and decisively might be the central bank’s best defence.
While the Fed is in comparatively good shape because it has got rates off rock bottom — they’re at 2.25 to 2.5 percent — that leaves it just half as much room to cut borrowing costs as policymakers had back in 2007. In fact, the Fed’s chair, Jerome H. Powell, has started a yearlong review of just what its options are.
“Having low interest rates really challenges the existing tool kits of central banks,” Mr. Powell said during remarks in New York last month.
Fed officials say they are prepared to revive large-scale bond-buying programs to stoke economic activity when the next downturn comes. The central bank is also contemplating new policy approaches that would leave rates lower for a longer period after a downturn. Recent research suggests such policies would have had benefits — though in some cases small ones — if applied after the 2008 recession.
Japan offers a cautionary example that mere willingness to act doesn’t guarantee success. Haruhiko Kuroda, head of the Bank of Japan, has pulled out all stops to reignite the country’s economy, cutting rates into negative territory and buying government debt and stocks in a bid to bolster markets and stoke confidence. The government has helped, spending readily to stimulate demand.
Despite that effort, inflation remains mired below Japan’s target, which is bad news since it increases the risk of outright deflation should growth weaken.
It is now unclear how much room Mr. Kuroda has for action should a deep downturn come, according to Makoto Hara, the author of a recent book on Japan’s central bank.
“Those taboo policies have become normal,” he said. “They’ve continued them until they became numb to them.”
Central banks in major economies are in their diminished positions largely because sustainable growth, inflation and interest rates have all fallen, trends that are attributable to long-running structural forces in the economy including aging populations and weakening productivity.
In the United States, the nonpartisan Congressional Budget Office sees gross domestic product increases levelling off near 2 percent. The International Monetary Fund estimates that output could drift lower in emerging markets and advanced economies alike.
That has coincided with fiscal restraint across the globe, as governments try to rein in spending and avoid further bloating debt levels.
American politicians restrained government spending after the 2008 recession, even when unemployment remained high and growth was tepid. Recent tax cuts and spending increases, ushered in by Republican lawmakers, have increased the federal debt, but there does not appear to be a broader embrace of deficit spending underway, particularly as the 2020 presidential election approaches.
America’s budget deficit is on track to surpass $1 trillion this year, and some lawmakers are already looking for ways to cut, not add to, federal spending.
Central bank leaders have increasingly warned that their firepower will be limited without help from fiscal authorities.
“Monetary policy will continue to do its job no matter what happens to fiscal capacity,” Mr. Draghi said, just a few days after European leaders largely failed to set up a mechanism to jointly provide stimulus when needed. But aid from governments “would do the same job faster and with less side effects.”
Mr. Powell echoed that sentiment last month. “It’s not good to have monetary policy be the main game in town, let alone the only game in town,” he said.
In: Finance