2. Determine whether each of the following would be considered frictional, structural, seasonal, or cyclical unemployment. Please answer in the blank box.  

3. Technological change is an important driver of economic growth. Find a story about a new innovation, (The “Technology” column in the Wall Street Journal Marketplace section is a good place to find one).In addition to providing a link to the article complete the following:

1. Briefly describe the article

2. How will this innovation affect the US production possibilities frontier?

3. Does is it seem to affect employment as well?

4. If so which type of workers will be harmed?

summarize article , and include a few sentences of your reaction or questions that the article has created for you. in three or four paragraphs

Chinese Drone Maker Plows Into Agriculture; DJI to launch crop-spraying drone in effort to expand into farming sector

China's SZ DJI Technology Co., the world's top consumer-drone maker, is setting its sights on the agriculture industry with the launch of a crop sprayer that will test whether farming is fertile ground for drone technology.

DJI, which helped kick-start the global craze for drones with its $1,000 easy-to-fly devices, has unveiled an eight-rotor drone priced at roughly $15,000 that is designed to spray pesticides on crops, a spokesman said. DJI said the drone, which has a 2.6-gallon spray tank and a typical takeoff weight of about 49 pounds, can fly for about 12 minutes.

It can spray pesticides on seven to 10 acres of farmland an hour, depending on how much it needs to climb, descend or turn to follow the terrain.

The battery-powered DJI Agras MG-1 will be available first in China and South Korea, though the company didn't specify exactly when it would go on sale. In China, DJI was taking preorders Friday. The drone is expected to be available in other markets later, the company said.

Shenzhen-based DJI has found success selling drones to consumers and filmmakers since 2013, with revenue expected to exceed $1 billion this year.

The company, which is valued at roughly $8 billion based on its latest funding round, is now betting it can parlay that success into farming. Its push into the sector could open the way for other drone makers--or prove that agriculture isn't the cornucopia for unmanned aircraft that some had hoped.

The Association of Unmanned Vehicle Systems International, the largest drone trade group, has touted farming as the biggest potential market for drones, by far. In a 2013 report, the Arlington, Va.-based group forecast that agriculture would account for 92% of an estimated $82 billion economic impact from commercial drones in the U.S. between 2015 and 2025.

But even as the commercial use of drones has taken off world-wide, agriculture is far from capturing such a large share of the market. Fewer companies are applying for U.S. Federal Aviation Administration approvals to use drones on farms than for activities such as filmmaking, mapping and industrial inspection, according to recent studies.

The FAA began regularly approving drones for commercial use in September 2014. Just 90 of the FAA's first 1,355 approvals were for agriculture, according to Piper Jaffray Investment Research--well behind the 670 approvals for aerial filming. The FAA has approved most applications it receives.

Much of the promise for agricultural drones has been in their ability to collect large-scale aerial data on crops. The information helps farmers more precisely tend to their fields, adding or reducing irrigation or pesticides where necessary. So far, agricultural drones have failed to live up to their promise because giving farmers actionable data on their crops is far more complex than making a map or filming a movie, analysts said.

Commercial-drone maker Kespry Inc., based in Menlo Park, Calif., said it originally considered targeting agriculture as its top initial market, but ultimately decided on construction.

"To serve that market we need real expertise--agronomists who can combine the data with information on weather and local pests, and provide real recommendations," said Kespry founder and Chief Executive Paul Doersch. "For us to scale it didn't make sense."

Despite the complexities, DJI isn't the only drone maker betting on farming to diversify its revenue stream. Henri Seydoux, CEO of Paris-based Parrot SA, which has quickly captured the lower end of the consumer-drone market , said his company will collect data on 200,000 acres for farmers in France this year. Still, commercial drones earned Parrot just [euro]5.6 million ($6 million) in the third quarter, compared with [euro]44.4 million on consumer drones.

Agricultural drones "are at an early phase," Mr. Seydoux said. "It's true for all the commercial spaces. There is a lot of expectation but still not a big result."

DJI is making a different bet on agriculture: spraying crops instead of inspecting them. In China, chemicals are often administered on foot by backpack-wielding workers. Drones would improve pesticide application on hilly or wet land that is difficult to access and would limit farmworkers' exposure to chemicals, said Even Pay, a Beijing-based agriculture consultant who has studied Chinese farming methods. Japanese farmers have used large gasoline-powered unmanned helicopters made by Yamaha Motor Co. since the early 1990s to spray their fields. Yamaha began selling the drones to South Korean farmers in 2005. The FAA in May approved the drone for limited use in the U.S., and the company is considering whether to introduce it in the country. Analysts said DJI's crop-spraying drone will likely struggle to win over Western farmers who generally tend to larger areas. Large U.S. farms have for decades used small planes that can carry hundreds of gallons of pesticide to spray their fields. The planes are efficient at covering large areas and relatively inexpensive to hire.

Robert Blair, an Idaho farmer and vice president of agriculture for commercial-drone company Measure LLC, said he is bullish on drones that collect data on crops but skeptical about crop-spraying drones like DJI's that can carry only a few gallons of pesticide. "It's a niche market," he said

C A S E S T U DY 5-1 Accountabilities, Objectives, and Standards Below is an actual job description for a sourcing and procurement internship position that was available at Disney Consumer Products/Studios. Based on the information in the job description, create accountabilities, objectives, and standards for this position. TITLE Graduate Associate, Sourcing, & Procurement (Disney Consumer Products/Studios) THE POSITION • Provide analytical support for sourcing projects impacting business units, specifically targeting Disney Consumer Products & Studios. • Benchmark current pricing models and develop new approaches to pricing/buying various products and services that yield creative and business advantage. • Support the continuing efforts to increase the percentage of spend influenced, specifically as it relates to business units where we have had only a minor impact. • Assist in the development of spend profiles, key stakeholder lists, savings opportunities where existing contracts are leveraged, savings opportunities in commodity areas that have not been sourced. • Assist in developing overall Sourcing & Procurement strategy for partnering with business units, specifically targeting Disney Consumer Products & Studios. THE COMPANY The Walt Disney Company is a diversified, international family entertainment and media company with 2003 annual revenues of $27.1 billion. Its operations include theme parks and resorts, filmed entertainment, including motion pictures and television shows, home video and DVD products, records, broadcast and cable networks, Internet and direct marketing, consumer products, radio and television stations, theatrical productions, publishing activities, and professional sports enterprises. THE IDEAL CANDIDATE • Ability to conceptualize issues and problems and develop hypotheses around appropriate responses. • Intellectual curiosity and professional commitment to excellence. • Superior analytical skills defined by an ability to identify and rearticulate critical aspects of a business situation from a large data pool (both qualitative and quantitative). • Superior Microsoft Excel modeling skills. • Strong written and verbal communication skills with the ability to build relationships. • Ability to work independently. • Demonstrated ability to manage multiple tasks, meanwhile retaining focus on project deliverables and strategic priorities. THE OPPORTUNITY This will be an opportunity for an MBA intern to utilize project management skills he or she has learned in the classroom. The intern will be faced with difficult and/or skeptical clients and will learn how to work with them. They will have an opportunity to execute portions of the sourcing methodology and work in teams. This will also be an opportunity for those individuals who have not experienced working in Corporate America, and for those that have had some experience, to further their learnings. The intern will gain experience from working in the Media and Entertainment industry. Through these various experiences, we hope the intern will find value in the internship we are offering.

Evaluating Objectives and Standards Using the results from Case Study 5.1, use the accompanying checklist to evaluate each objective and standard you produced. For each objective and standard, use the first column in the checklist, and place a check mark next to each of the ideal characteristics if the characteristic is present. Then, use the Comments column to provide a description of why or why each objective and standard meets or does not meet the ideal. Finally, review your tables, and provide an overall assessment of the quality of the objectives and standards you created.

Objectives must have the following characteristics: Comments Specific and clear Challenging Agreed upon Significant Prioritized Bound by time Achievable Fully communicated Flexible Limited in number Performance standards must have the following characteristics: Comments Related to the position Concrete, specific, and measurable Practical to measure Meaningful Realistic and achievable Reviewed regularly

41.

Which of the following statements holds true for the term, unintentional discrimination?

Select one:

a. It refers to discrimination expressed by an individual within an organization that may or may not share the outlook.

b. It refers to discrimination embedded in an organization’s culture.

c. It refers to an episode of discrimination not indicative of an individual’s or an organization’s standard practice.

d. It refers to discriminatory acts stemming from unrealized prejudice.

e. It refers to recurrent episodes of discrimination indicative of an individual’s or an organization’s standard practice.

42.A rail road is being proposed by the government to join two neighboring cities. The rail road will significantly reduce the travel time between the two cities. The only concern is that to set up the infrastructure for the rail road, approximately ten square miles of forests will need to be cleared. The forest is known for its flora and fauna and regularly attracts people from all over the country. Any construction activity in the forest would deprive future generations of this rich heritage. Thus the plan for the proposed rail road has been shelved because of the idea that the environment should be protected so that future generations may live in it, and have the choices as individuals have today. The above is an example of:

Select one:

a. social fairness.

b. an aesthetic argument.

c. an environmental impact statement.

d. incentives.

e. externalities.

43.Which of the following statements holds true for the concept of “fairness”?

Select one:

a. It refers to the duty to treat equals equally and unequals unequally.

b. It refers to the duty to compensate others when we harm them.

c. It refers to the duty to keep our promises and hold up our end of bargains.

d. It refers to the duty to thank and remember those who help us.

e. It refers to the idea that when you set up rules for resolving dilemmas, you don’t get to know beforehand which side of the rules you will fall on.

44.Susan and Michelle plan to steal office stationery, sell it, and keep the profits. John overhears their plans and immediately reports what he heard to an authoritative figure in the organization. This is an example of:

Select one:

a. conflict of interest.

b. a kickback.

c. reporting.

d. a bribe.

e. whistleblowing.

45._____ refers to the argument that discrimination is wrong because it treats people unequally for reasons not involving merit.

Select one:

a. The fairness argument

b. The rights argument

c. The temperance argument

d. The courage argument

e. The utilitarian argument

Directions:

Once you answer the Essential Questions above, create and scenario for each answer. Your questions should help you focus on the different laws, how these laws apply in ethical decision making, and solutions to common workplace problems.

Why is health care information protected by law?

a). Health information is any information about a person’s health or disability. It is often sensitive and personal, depending upon the intensity of the illness or the type of treatment etc., which is why there are laws to protect your health information. This does not imply that you have the right to hide contagious diseases which might be a threat to the public, or something which threatens your own well-being in an emergency. Such information may be used to identify the individual and thereby pose a threat to his/her security. Apart from that, it may also provide data and records personal to a patient and allow healthcare providers to exploit the patient by using those records. The purpose of these rules is not to just maintain privacy, but also to ensure that all patient records are taken care of very accurately and systematically with proper measures in place, so that a person can access his/her health records whenever necessary without the fear of ever losing them.

Why does affirmative action only protect certain races/nationalities of people?

b). Affirmative action was created to protect women and racial minorities (largely African and Asian Americans). the idea was to end the discrimination in the society and provide equal opportunity to every American citizen. And these groups of people have been historically not allowed to express themselves and succeed in the society. It is supposed to be different from quota system since it carries targeted goals instead. So the selection criteria is based upon the past discrimination faced by the people of certain races or nationalities, and not on a case by case basis.

Why is sexual harassment in the workplace difficult to prove?

c). Sexual harassment cases are not easy to prove in workplaces, because the events occur in a closed room or a restricted environment, like cases of domestic violence, where there are usually no documented records of harassment (electronic or handwritten). Unlike harassment cases in open or public spaces where there are some or at least one bystander, workplaces are enclosed with people of the same company, who may try to suppress the issue to protect the reputation of the organization, or maybe to save the accused who would be an acquaintance. Also, harassment cases are easier to prove when the accused has created a hostile environment for the victim by stalking on the way or misleading to a wrong place. But in case of a workplace, the victim is usually at that place with his/her consent since he/she works there. Apart from that all harassment cases cause a lot of emotional and financial hurdles for the victim, and in case of a workplace involved, the emotional breakdown is even more, since the victim must be with the same people all the time, who might be present very close to the scene and be in close contact with the accused.

Consider an individual that must decide how much to consume in a two period model. Let us suppose that her preferences for present consumption (c1) and future consumption (c2) can be characterized by the following utility function: u(c1, c2) = c1^0.5 × c2 Further assume that her income in both the present period (M1) and the future period (M2) is equal to 105, the price index in the present period (p1) is 1, the price index in the future period (p2) is 1.05, and the nominal interest rate (i) is 0.05. (a) Illustrate this individual’s intertemporal budget constraint with c1 on the horizontal axis. What is the slope of this budget constraint and her present and future consumption 1 at her zero savings point? Add the zero savings point to your diagram. (b) Solve for this individual’s optimal values of c1 and c2 respectively. What is her total utility at this equilibrium? Illustrate this equilibrium in your diagram from part (a). (c) Now suppose that the nominal interest rate decreases to 0.04. Let all of the other parameters in the model remain unchanged. Calculate the total effect of this increase in i on c1. (d) Decompose the total change in c1 consumption in part (c) into an income effect and a substitution effect. You will find it helpful to use a new diagram to first illustrate the income and substitution effect.

Some statistics students estimated that the amount of change daytime statistics students carry is exponentially distributed with a mean of $0.72. Suppose that we randomly pick 25 daytime statistics students.

a. In words, define the random variable X.

(from these) -the number of coins that a daytime statistics student carries--the total amount of money that a daytime statistics student carries---the amount of change that a daytime statistics student carries---the number of daytime statistics students who carry change

b. Give the distribution of X.

c. In words, define the random variable x-bar

(from these)-the average number of daytime statistics students----the average number of daytime statistics students who carry change---the average amount of change a daytime statistics student carries---the average amount of money a daytime statistics student carries

d. Give the distribution of X bar (Round your standard deviation to three decimal places.)

e. Find the probability that an individual had between $0.72 and $0.90. (Round your answer to four decimal places.)

f. Find the probability that the average of the 25 students was between $0.72 and $0.90. (Round your answer to four decimal places.)

g. Explain why there is a difference between parts (e) and (f).

(from these)- The graph of sample means becomes more normal as the sample increases; therefore, in part (f), the graph is approximately normal and in part (e), the graph is exponential.-----The graph of the amount of change becomes more normal as the sample increases; therefore, in part (e), the graph is approximately normal and in part (f), the graph is exponential.----- There is always a better chance for 25 people to have between $0.72 and $0.90 than for 1 person to have that amount.-----There is always a better chance for one person to have between $0.72 and $0.90 than for 25 people to each have that amount.

Lehman Bros Consulting Case You are to make an assessment of the issues within Lehman Brothers from 2000 until its' fall. You have access to all the material available in this field/discipline (remember to give credit). Consider this is an assignment you have been given as part of a consulting firm hired by the board to help Lehman Brothers. You are to write the Case as a consultant who is making an assessment of the issues in an organization. We have covered the environment, structures, individuals, and groups. Using the material found in “The Colossal Failure of Common Sense”, you are to provide an example of each of environment, structures, individuals, and groups from the book. You should identify examples or illustrations of the material we have covered and provide your reasoning for including those particular examples or illustrations. Four pages should begin to cover the material if you are diligent in your editing using APA. A simple outline of the case would be: Introduction to the case – should include a background of the case, and at least three major issues you have identified. An assessment of McDonald, as an individual, and the factors (from the information available to you) that may have provided the foundation for who he appears to be. As part of this assessment you should provide a recommendation for his employment and give your reasoning. Analysis of the issues in the case using class developed material to help with understanding. The analysis should include an understanding of the four major issues in OB (individuals, groups, structures, and the context), the multiple lens we view each of the issue through (the academic disciplines) and the multiple perspectives we use to understand and add value to organizations (internal and external). Recommendations you would make to the Board of Directors should include at a minimum your response to the issues you have pointed out in the introduction. You would want to consider all the components of the course in your case.

Cars on Campus. Statistics students at a community college wonder whether the cars belonging to students are, on average, older than the cars belonging to faculty. They select a random sample of 47 cars in the student parking lot and find the average age to be 9.7 years with a standard deviation of 6.5 years. A random sample of 48 cars in the faculty parking lot have an average age of 3 years with a standard deviation of 3.8 years.

Note: The degrees of freedom for this problem is df = 73.845664. Round all results to 4 decimal places. Remember not to round for intermediate calculations!

1. The null hypothesis is ?0:??=??H0:μs=μf. What is the alternate hypothesis?
A. ??:??<??HA:μs<μf
B. ??:??≠??HA:μs≠μf
C. ??:??>??HA:μs>μf

2. Calculate the test statistic.  ? z t X^2 F  =

3. Calculate the p-value for this hypothesis test.  
p value =

4. Suppose that students at a nearby university decide to replicate this test. Using the information from the community college, they calculate an effect size of 1.26. Next, they obtain samples from the university student and faculty lots and, using their new sample data, conduct the same hypothesis test. They calculate a p-value of 0.029 and an effect size of 0.821. Do their results confirm or conflict with the results at the community college?
A. It contradicts the community college results because the effect size is much smaller.
B. It contradicts the community college results because the p-value is much bigger
C. It confirms the community college results because the effect size is nearly the same.
D. It can neither confirm or contradict the community college results because we don't know the sample sizes the university students used.
E. It confirms the community college results because the p-value is much smaller.

The next two questions (7 and 8) refer to the following:

The weight of bags of organic fertilizer is normally distributed with a mean of 60 pounds and a standard deviation of 2.5 pounds.

7. What is the probability that a random sample of 33 bags of organic fertilizer has a total weight between 1963.5 and 1996.5 pounds?

8. If we take a random sample of 9 bags of organic fertilizer, there is a 75% chance that their mean weight will be less than what value? Keep 4 decimal places in intermediate calculations and report your final answer to 4 decimal places.

The next two questions (8 and 9) refer to the following:

Question 10 and 11

Suppose that 40% of students at a university drive to campus.

10. If we randomly select 100 students from this university, what is the approximate probability that less than 35% of them drive to campus?

Keep 6 decimal places in intermediate calculations and report your final answer to 4 decimal places.

11. If we randomly select 100 students from this university, what is the approximate probability that more than 50 of them drive to campus?

Keep 6 decimal places in intermediate calculations and report your final answer to 4 decimal places.

12. Suppose that IQs of adult Canadians follow a normal distribution with standard deviation 15. A random sample of 30 adult Canadians has a mean IQ of 112.

We would like to construct a 97% confidence interval for the true mean IQ of all adult Canadians. What is the critical value z* to be used in the interval? (You do not need to calculate the calculate the confidence interval. Simply find z*. Input a positive number since we always use the positive z* value when calculating confidence intervals.)

Report your answer to 2 decimal places.