First read the following NYTimes article by Mr. Thomas Friedman (2005) titled "It's a Flat World, After All"  https://www.nytimes.com/2005/04/03/magazine/its-a-flat-world-after-all.html

Finally, imagine that you are leading a course for employees to assist in your current/future company’s expansion into a new country. Use a clear example to develop an explanation of the term globalization as it applies to international business for your employees. You should use one paragraph to define the term globalization in your own words based on your understanding from the above article and video, followed by a second paragraph to describe your specific example.

You are planning to rent a car for a one-week vacation. You have the option of buying an insurance that costs $80 dollars for a week. If you do not purchase insurance, you would be personally liable for any damages. You anticipate that a minor collision will cost $2,000, whereas a major accident might cost $16,000 in repairs.

1. Develop a payoff table for this situation. What decision should you make using each strategy?

1. Aggressive (Optimistic)
2. Conservative (Pessimistic)
3. Opportunity Loss

1. You have recently read in a magazine that that the probability of a major accident is 0.05% and that the probability of a minor collision is 0.16%. Construct a decision tree and identify the best expected value decision.

Q32 The manufacturer of a quartz travel alarm clock claims that, on the average, its clocks deviate from perfect time by 30 seconds per month, with a standard deviation of 10 seconds. Engineers from a consumer magazine purchase 40 of the clocks and find that the average clock in the sample deviated from perfect accuracy by 34 seconds in one month. [4 Marks]

(a) If the manufacturer’s claim is correct (i.e., seconds, seconds), what is the probability that the average deviation from perfect accuracy would be 34 seconds or more?

(b) Based on your answer to part (a), speculate on the possibility that the manufacturer’s claim might not be correct.

DO NOT WRITE THE ANSWERS - USE WORD FORMAT.

1.) It is reported that 61% of Americans feel that the president is doing an acceptable job. A random sample of 100 people is taken. What is the probability that the proportion of Americans in the sample feel that the president is doing an acceptable job is less than 0.5?

Correct answer: 0.0121

Explain how to get to the answer above.

2.) A telephone poll of 1000 adult Americans was reported in an issue of Time Magazine. One of the questions asked was “What is the main problem facing the country?” 20% answered “crime”. Find a 95% confidence interval for the population proportion of adult Americans who feel that crime is the main problem.

Correct answer: (0.175 , 0.225)

Explain how to get to the answer above.

What does gross profit represent? [NOT the calculation, but rather what does it “mean”…] Given this, how would gross profit (also known as gross margin) be computed for a service organization?

What might it mean to have a decline in unearned revenues in the current year if the company is a magazine publisher?

Explain why the amount of retained earnings reported on the balance sheet is often not the net amount of all accumulated earnings (and losses) less all accumulated cash and property dividends.

When would airlines recognize revenue from the sale of a plane ticket today for a flight in June 2018? Does it matter whether or not the customer holds a frequent-flyer number?

(biochem)

refering to the paper

"A safer poppy" by Jenny Rood. It was published in The Scientist, January 2018, vol. 31, 1, page 61. You can access this journal/magazine, for free, at the

www.the-scientist.com

What makes opioid drugs "double-edged" swords? Can the two sides of opioid drugs be separated? Why is the effort worth working on it?

In what directions research on receptors is going trying to solve the crisis? Are there several strategies?

Discuss strategies for finding safer alternatives to opioids: from target point of view and/or mechanism point of view.

Are there safer pain killer commercially available?

Give a nut-shell statement about the research in this field at the present.

In the interest of detecting the few children remaining who believe in Santa Claus, you give the latest test for “Belief in Santa Claus” from Canadian Living magazine to your little brother. According to the test, if the child answers more than 10 or more of the questions with the correct “Santa answer”, then the child is declared to believe in Santa Claus. From that perspective, describe with reference to the test

(a) what would be a Type I error for the test? (1 point)
(b) what would constitute a Type II error for the test? (1 point)

(c) what would correspond to the power of the test? (1 point)

(d) what corresponds to the criterion of the test? (2 points)