Do you agree or disagree with this text?

Why?

According to the Fed Chairwoman Janet Yellen said at a press conference after the central bank’s two-day policy meeting, “at the moment the U.S. economy is performing well, the growth that we are seeing, it’s not based on, for example, an unsustainable buildup of debt, and the global economy is doing well. We’re in a synchronized expansion. This is the first time in many years we’ve seen this.[1]” It is obvious that the United States has a good economy foundation to support the increase of fed rates. Therefore, I recommend that the Federal Reserve should continue to raise the target on the federal funds rate.

As expected, the Federal Reserve raised its bench market interest rate a range between 1.5 percent and 1.75 percent on last Wednesday. Although the Fed began rising rates, the economy still has continually improved. In addition, the economy has added 197,000 jobs a month on average since the Fed began raising rates at the end of 2015. The unemployment rate has held at 4.1 percent for five months, and it is the lowest level since 2001[2].

Because of the increase Fed rates, the economy keeps growing, yet there are some concerns about low inflation persist. Nowadays, the economy has expanded at a fairly steady speed after the financial crisis, and the Fed expects to continue the growth. However, we found that the seventh straight year in which inflation has remained below the 2 percent annual pace that the Fed regards as healthy. In addition, the policymakers have continued to raise Fed rates because most of them are confident that inflation will increase as the economy to grow[3].

According to Ian Shepherdson, chief economist at Pantheon Macroeconomics, “The Fed forecasts an endless expansion, with minimal inflation pressure, despite unemployment well below their Nairu estimate, forever and interest rates peaking at 3.1 percent.[4]” Therefore, I agree with that Federal Reserve should continue to raise the target on the federal funds rate, and it brings a lot of benefits to the United States.

Question 5 (1 point)

Suppose 65.47% of small businesses experience cash flow problems in their first 5 years. A consultant takes a random sample of 522 businesses that have been opened for 5 years or less. What is the probability that less than 64.62% of the businesses have experienced cash flow problems?

Question 5 options:

Question 6 (1 point)

The rainfall in Aberdeen Reservoir, Washington (the wettest place in the contiguous United States) averages 123.79 inches per year with a standard deviation of 5.958 inches. A random sample of 36 is taken from the population. What is the distribution of the sample mean?

Question 6 options:

Question 7 (1 point)

The rainfall in Aberdeen Reservoir, Washington (the wettest place in the contiguous United States) averages 130.78 inches per year with a standard deviation of 6.568 inches. A random sample of 37 is taken from the population. What is the distribution of the sample mean?

Question 7 options:

Question 8 (1 point)

Suppose that NBA players average 28.7 points per game with a standard deviation of 8.04. A random sample of 187 players is taken. What is the probability that the sample mean is between 28.48 and 28.7?

Question 8 options:

MAT 117 Problem Set 1                               Name: ___________________________

Directions: Show all work and explain your thinking as you solve these problems or write the explanations. Each problem is worth five points.

1. Below are definitions of different math number concepts. Write the concept that goes with each description. (no explanation needed for this problem only).

2. Explain the difference between the expressions 6x⁰ and (6x)⁰. If there is no difference, explain why.

Grading: 2 points: Worked out Problem Mathematically; 3 points: Explanation

3. For a recent year, the United States consumed about 1.0 x 10⁴ of petroleum per second. (Source: U.S. Energy Information Administration)

How many gallons of petroleum did the United States use that year?

Show work for all intermittent steps and Explain each step used to get your answer.

Grading: 1 point: Correct Answer; 2 points: Work; 2 points: Explanation

4. State whether the following statement is true and explain why or why not: A trinomial is always a higher degree than a monomial. Give an example proving your answer is correct.

Grading: 2 points: Correct Answer; 2 points: Explanation; 1 point: Example

5. Explain why x+ 7 is a polynomial, but x+7 is not a polynomial.

Grading: 5 points: Complete explanation

The following fact pattern discusses an issue that we've explored in Constitutional Law. In addition to the rules and resources in your text book, leveraging the rules discussed in this https://www.casebriefs.com/blog/law/constitutional-law/constitutional-law-keyed-to-chemerinsky/the-federal-legislative-power/heart-of-atlanta-motel-inc-v-united-states/ will be useful to achieve maximum points.

Use the rules mentioned above to analyze the following fact pattern. Your analysis should be in a standard IRAC format. For maximum points, you must clearly state the issue and applicable rules. Additionally, your analysis should be thoughtful, linear, and clearly support your conclusion.

The shared economy in the United States is booming. Wikipedia comments in its definition that this new economy is “also known as shareconomy, collaborative consumption or peer economy; a common academic definition of the term refers to a hybrid market model (in between owning and gift giving) of peer-to-peer exchange. Such transactions are often facilitated via community-based online services.”(Wikipedia)

Companies like Uber and Airbnb seem to be thriving. However, in the excitement of expansion the U.S. Congress developed strong concerns about how to regulate this new market. In March of 2018, Congress passed a new law requiring all “hosts” of shared economy services (e.g., Airbnb hosts) to provide their services equally without any discrimination on the basis of race, religion, national origin, or gender, including gender identity and sexual orientation.

Penelope Hamilton, a Seattle resident and Lyft driver does not want to be regulated by this law. She does not want any restrictions regarding who she picks up (or not) in her car as a Lyft driver and has filed a lawsuit in federal court in Seattle to block the law from taking effect. Hamilton claims Congress does not have authority to pass such a law and that her business is confined to the City of Seattle.

You are the judge hearing the case. What is your decision and how did you reach your conclusion? Please explain your work clearly using the IRAC method.

1. Which of the following are necessary conditions for thunderstorm development?

     _______a. moisture in the air

     _______b. instability

     _______c. a lifting process

     _______d. (all of the above)

2. Rapid precipitation growth starts to take place in thunderstorm cell during which stage of evolution?

     _______a. cumulus or developing

     _______b. mature

     _______c. dissipating

     _______d. (any of the above)

3. A long narrow band of closely spaced thunderstorm cells is called a

     _______a. supercell.

     _______b. mesoscale convective system.

     _______c. squall line.

     _______d. Texas brawl.

4. Which type of thunderstorm generally produces the strongest tornadoes?

     _______a. multicell thunderstorm complex

     _______b. air mass thunderstorm

     _______c. supercell

     _______d. squall line thunderstorm

5. The rotating updraft of a mesocyclone is the result of

     _______a. twisting and turning.

     _______b. bobbing and weaving.

     _______c. tilting and stretching.

     _______d. shaking and baking.

6. For supercell formation, you need

     _______a. warm moist air near the surface.

     _______b. a lower tropospheric southerly flow with strong vertical wind shear.

     _______c. an unstable atmosphere.

     _______d. (all of the above)

7. Which region of the continental United States experiences the most days with large

    hail per year?

     _______a. the Great Plains.

     _______b. central Florida.

     _______c. the Pacific Northwest.

     _______d. New England.

8. Which of the following statements is false?

     _______a. Tornadoes form only in thunderstorms.

     _______b. Tornadoes form only in supercell thunderstorms.

     _______c. Tornadoes come in varying sizes and shapes.

     _______d. The strongest tornadoes are comparatively rare.

9. The season of maximum tornado frequency in the continental United States is

     _______a. winter.

     _______b. spring.

     _______c. summer.

     _______d. fall.

10. The only hazard usually associated with most air mass thunderstorms is

     _______a. large hail.

     _______b. hurricane force downburst winds.

     _______c. strong tornadoes.

     _______d. lightning.

11. The diameter of the largest tornado ever recorded was around

      _______a. 500 feet.

      _______b. 1,000 feet.

      _______c. one-half mile.

      _______d. two and one-half miles.

12. The majority of U.S. tornadoes move in which direction?

      _______a. toward the northeast

      _______b. toward the south

      _______c. toward the west

      _______d. toward the northwest

Foreign Capital Budgeting

The South Korean multinational manufacturing firm, Nam Sung Industries, is debating whether to invest in a 2-year project in the United States. The project's expected dollar cash flows consist of an initial investment of $1 million with cash inflows of $700,000 in Year 1 and $600,000 in Year 2. The risk-adjusted cost of capital for this project is 12%. The current exchange rate is 1,054 won per U.S. dollar. Risk-free interest rates in the United States and S. Korea are:

1. If this project were instead undertaken by a similar U.S.-based company with the same risk-adjusted cost of capital, what would be the net present value generated by this project? Do not round intermediate calculations. Round your answer to the nearest dollar.

   $  

   What would be the rate of return generated by this project? Do not round intermediate calculations. Round your answer to two decimal places.

       %

2. What is the expected forward exchange rate 1 year from now? (Hint: Take the perspective of the Korean company when identifying home and foreign currencies and direct quotes of exchange rates.) Do not round intermediate calculations. Round your answer to two decimal places.

      won per U.S. dollar

   What is the expected forward exchange rate 2 years from now? (Hint: Take the perspective of the Korean company when identifying home and foreign currencies and direct quotes of exchange rates.) Do not round intermediate calculations. Round your answer to two decimal places.

      won per U.S. dollar

3. If Nam Sung undertakes the project, what is the net present value and rate of return of the project for Nam Sung? Do not round intermediate calculations. Enter your answer for the net present value in millions. For example, an answer of 1.23 million won should be entered as 1.23, not 1,230,000. Round your answers to two decimal places.

   NPV:  million won

   Rate of return:   %

The Toyota Motor Company is a global automobile manufacturer that operates on five different continents. In the United States, it runs five major assembly plants. To manage its operations efficiently and effectively around the globe, Toyota uses several types of information systems. It uses the Internet and global networks to communicate with its offices, plants, and dealerships around the globe. Toyota is one of the founders of the Toyota Production System, an early version of the Just In Time (JIT) inventory system. This system allows Toyota to have on hand the exact number of components needed at any time in order to continue its operations, given that waste often occurs when components are inventoried and stored. To use a JIT inventory system, Toyota’s GIS must be capable of managing real-time inventory, not only within its own manufacturing facilities but in all of its suppliers’ facilities. Because of this, Toyota requires all of its suppliers to have a system capable of interfacing with the one Toyota uses for its own operations. Toyota worked with Dell, Microsoft, and WorldCom to develop a “Dealer Daily” system that offers a centralized data center for the more than 1,100 Toyota and Lexus dealers in the United States. This system allows dealers to spend more time focusing on selling cars and less time on paperwork. For example, the system is capable of providing a response to a financing application in 15 seconds. Using Oracle E-Business Suite 12.1, Toyota Motor Europe (TME) implemented Toyota’s Vehicle Order Management (VOM) system. This system, which encompasses 13 countries, enables TME to improve its European operations by reducing delivery time to customers and managing inventory more efficiently. As a result, the system reduces operating costs. Answer the following questions: 1. What role do global networks play in the effective implementation of JIT? 2. What role does the Dealer Daily system play in Toyota’s implementation of a GIS? 3. What is the function of Vehicle Order Management (VOM)? 4. How many countries will be impacted by VOM and in which part of the world?

Question 2 [10] TRUE/FALSE QUESTIONS Consider the following list of statements. Each statement is either true or false. You must read each statement carefully and then select the option that you believe is correct as your answer. Write down only the question number and next to the number either “True” or “False”. 2.1. The level or rate of unemployment is a stock concept, that is, it is measured at a particular date. 2.2. The consumer price index (CPI) is an index of the prices of a representative “basket” of consumer goods and services. The CPI thus represents the cost of the “shopping basket” of goods and services of a typical or average South African household. 2.3. A policy in respect of the level and composition of government spending, taxation and borrowing is called fiscal policy. 2.4. When the dollar appreciates (i.e. when the rand depreciates), imports from the United States become more expensive (in rand) in South Africa and South African exports to the United States become cheaper (in dollars) in that country, ceteris paribus. This will tend to dampen imports and stimulate exports (i.e. to improve the balance on the South African current account). 2.5. The way in which changes in the monetary sector are transmitted to the rest of the economy is called the financial transmission mechanism. 2.6. Monetary and fiscal policy (sometimes collectively called supply management) can be expansionary or contractionary. 2.7. Demand-pull inflation occurs when the aggregate supply of goods and services increases while aggregate demand remains unchanged. 2.8. Frictional unemployment (sometimes also called search unemployment) arises because it takes time to find a job or to move from one job to another. 2.9. The Phillips curve was originally regarded as a clear indication that unemployment and inflation could be traded off against each other. In other words, a lower inflation rate could be achieved by trading it off against, or exchanging it, for greater unemployment. 2.10. One complete cycle has four elements: a trough, an upswing or expansion (often called a boom), a peak and a downswing or contraction (often called a recession).

Please read the Management in Action case “Norwegian Air Shuttle Aspires to Become the Cheapest Global Airline” at the end of Chapter 4 “Global Management” available in your textbook Management: A Practical Approach 7^th edition by Kinicki, A., & Williams, B., and answer the following questions:

Assignment Question(s):

1. What are the biggest challenges Norwegian experienced in trying to expand its airline across the globe?
2. To what extent did you observe examples of ethnocentric, polycentric, or geocentric attitudes in this case? Provide examples to support your conclusions.

3. Use Table 4.4 (Given below) to identify cultural differences that are likely to arise between Norwegian employees working in Denmark and Sweden and Thailand. How might these differences affect interpersonal interactions, and what can the company do to reduce any unintended conflict from these differences?

4. What are the most important lessons to be learned about global management from this case? Discuss

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