Read the Point and Counterpoint arguments and answer the question listed below:

Which argument do you agree with (point or counterpoint)? Explain your reasoning. One page

Point

Not everything we secretly want we admit to wanting. Money is one example. One psychologist found that few people would admit to wanting money, but they thought everyone else wanted it. They were half right - everyone wants money. And everyone wants power.

Harvard psychologist David McClelland was justifiably famous for his study of underlying motives. McClelland would measure people's motivation for power from his analysis of how people described pictures (called the Thematic Apperception Test, or TAT). Why didn't he simply ask people how much they wanted power? Because he believed that many more people really wanted power than would admit, or even consciously realize. And that is exactly what he found.

Why do we want power? Because it is good for us. It gives us more control over our own lives. It gives us more freedom to do as we wish. There are few things worse in life than feeling helpless, and few better than feeling in charge of your destiny.

Take Steve Cohen, founder of SAC Capital Advisors and the most powerful man on Wall Street. He buys Picassos, he lives in a mansion, he has white-gloved butlers, he travels the world first class. People will do almost anything to please him, or to even get near him. One writer notes, "Inside his offices, vast fortunes are won and lost. Careers are made and unmade. Type A egos are inflated and crushed, sometimes in the space of hours." All of this is bad for Steve Cohen, how?

Research shows that people with power and status command more respect from others, have higher self-esteem (no surprise there), and enjoy better health than those of less stature.

Usually, people who tell you power doesn't matter are those who have no hope of getting it. Being jealous, like wanting power, is one of those people just won't admit to.

Counterpoint

Of course it is true that some people desire power, and often behave ruthlessly to get it. For most of us, however, power is not high on our list of priorities, and for some people, power is actually undesirable.

Research shows that most individuals feel uncomfortable when placed in powerful positions. One study asked individuals, before they began work in a four-person team, to "rank, from 1 (highest) to 4 (lowest), in terms of status and influence within the group, would you like to achieve." You know what? Only about one-third (34 percent) of participants chose the highest rank. In a second study, researchers studied employees participating in Amazon's Mechanical Turk online service. They found, when employees were asked about their reasons for belonging to the three groups (which would be a workplace, a volunteer group, a congregation, etc.) that were most important in their life, that the main reason people want power is to earn respect. If they can get respect without gaining power, that is what most preferred. In a third study, the authors found that individuals preferred power only when they had high ability - in other words, where their influence helped their groups.

This interesting research suggests that we often confuse the desire for power with other things—like the desire to be respected and to help our groups and organizations succeed. In these cases, power is something most of us seek for more benevolent ends—and only in cases when we think the power does good.

Another study found that the majority of people want respect from their peers, not power. Cameron Anderson, the author of this research, sums it up nicely: "You don't have to be rich to be happy, but instead be a valuable contributing member to your groups," he comments. "What makes a person high in status in a group is being engaged, generous with others, and making self-sacrifices for the greater good."

Oh, and about Stevie Cohen...you realize that he is being investigated by the SEC? The SEC investigator: Preet Bharara, the same one who got Rajat Gupta.

Sources: B. Burrough and B. McLean, "The Hunt for Steve Cohen," Vanity Fair (June 2013), downloaded May 13, 2013, from http://www.vanityfair.com/; C. Anderson, R. Willer, G. J. Kilduff, and C. E. Brown, "The Origins of Deference: When Do People Prefer Lower Status?" Journal of Personality and Social Psychology 102 (2012), pp. 1077--1088; C. Anderson, M. W Kraus, A. D. Galinsky, and D. Keltner, "The Local-Ladder Effect: Social Status and Subjective Well-Being," Psychological Science 23(7), 2012, pp. 764--771; and S. Kennelly, "Happiness Is About Respect, Not Riches," Greater Good (July 13, 2012), downloaded May 4, 2013, fromhttp://greatergood.berkeley.edu/

Marketing Strategy

Marketing scenario:

Congratulations. You have just been named marketing manager. Your job will be to perform the daily tasks of a marketing manager.

So what does a marketing manager do? As you know, marketing plays an essential role in almost every industry segment. In its simplest form, marketing management is about making certain that customers' needs and wants are met while increasing the profits of a company. A marketing manager's responsibilities can vary a great deal, but will always have this as a central purpose.

Your company just acquired another company that manufactures and sells packaged ice. Traditionally the company has sold in bulk to industrial users. You want to sell to consumers.

please do not give me any short answers thank you

What Advice would you give to the  New CEO for Wells Fargo to fix the previous fraudulant charges?

Compensation between the CEO and their employees. What are three ethical reasons why they SHOULDN'T be compensated significantly more.

3. Apple’s Worldwide Revenues from 2004 to 2019 is as follows:
Year Worldwide Revenue in Billions
2004 8.2
2005 13.9
2006 19.3
2007 24.6
2008 37.5
2009 42.9
2010 65.2
2011 108.2
2012 156.5
2013 170.9
2014 182.8
2015 233.72
2016 215.64
2017 229.23
2018 265.6
2019 260.17

a. Enter the data above into the tab labeled Apple. Graph the data in Excel and use your graph to determine what kind of time series pattern exist. Put your answer in your spreadsheet.
b. Make the following forecasts for 2020. For all of them, use Mean Squared Error to determine which of the forecasts is the best. Make sure your answers are clearly labeled.
i. Naïve forecast from one prior time period
ii. Calculate a 4-period moving average
iii. Calculate a 3-period moving average with the following weights for time t: time period t-1=0.8, t-2 = 0.15, t-3=.05
c. In the tab called Apple Smoothing, use the data from 3. to forecast 2020 using an alpha equal to 0.7, 0.8, and 0.9. Using MSE, which one offers the best estimate for 2020?
d. In the tab called Apple Regression, use the information from 3. and run a regression to determine your forecast for 2020
i. Put your regression output in F1 of the same workbook.
ii. Calculate what your forecast is for 2020 in F21.
iii. How does well does this regression equation predict revenue? Write your answer in F22. In addition, explain what your numerical answer means in words.

Silly Inc. reported income from continuing operations before taxes during 2020 of $802,600. Additional transactions occurring in 2020 but not considered in the $802,600 are as follows.

Prepare an income statement for the year 2020 starting with income from continuing operations before taxes. Compute earnings per share as it should be shown on the face of the income statement. Common shares outstanding for the year are 128,830 shares. (Assume a tax rate of 30% on all items, unless indicated otherwise.) (Round earnings per share to 2 decimal places, e.g. 1.48 and all other answers to 0 decimal places, e.g. 5,275.)

Maher Inc. reported income from continuing operations before taxes during 2020 of $790,000. Additional transactions occurring in 2020 but not considered in the $790,000 are as follows. 1. The corporation experienced an uninsured flood loss in the amount of $90,000 during the year. 2. At the beginning of 2018, the corporation purchased a machine for $54,000 (salvage value of $9,000) that had a useful life of 6 years. The bookkeeper used straight-line depreciation for 2018, 2019, and 2020, but failed to deduct the salvage value in computing the depreciation base. 3. Sale of securities held as a part of its portfolio resulted in a loss of $57,000 (pretax). 4. When its president died, the corporation realized $150,000 from an insurance policy. The cash surrender value of this policy had been carried on the books as an investment in the amount of $46,000 (the gain is nontaxable). 5. The corporation disposed of its recreational division at a loss of $115,000 before taxes. Assume that this transaction meets the criteria for discontinued operations. 6. The corporation decided to change its method of inventory pricing from average-cost to the FIFO method. The effect of this change on prior years is to increase 2018 income by $60,000 and decrease 2019 income by $20,000 before taxes. The FIFO method has been used for 2020. The tax rate on these items is 30%. Prepare an income statement for the year 2020 starting with income from continuing operations before taxes. Compute earnings per share as it should be shown on the face of the income statement. Common shares outstanding for the year are 120,000 shares. (Assume a tax rate of 30% on all items, unless indicated otherwise.) (Round earnings per share to 2 decimal places, e.g. 1.48 and all other answers to 0 decimal places, e.g. 5,275.)

Sheridan Inc. reported income from continuing operations before taxes during 2020 of $804,900. Additional transactions occurring in 2020 but not considered in the $804,900 are as follows.

Prepare an income statement for the year 2020 starting with income from continuing operations before taxes. Compute earnings per share as it should be shown on the face of the income statement. Common shares outstanding for the year are 108,490 shares. (Assume a tax rate of 30% on all items, unless indicated otherwise.) (Round earnings per share to 2 decimal places, e.g. 1.48 and all other answers to 0 decimal places, e.g. 5,275.)

DGP, Inc. sells 100,000 Gizmos to a retailer in Europe for €100,000 (Euros) on terms of 30 days from the date of invoice. The current rate of the EUR/USD is 1.3868; therefore, DGP, Inc. books the sale as an accounts receivable of US $138,680.

Instructions

1. Define and discuss the concepts of currency exposure risk, translation exposure, and economic exposure.
2. If the exchange rate of EUR/USD was 1.2868 in 30 days, what would be the impact on the company’s profit and loss at the time of the receipt of payment from the European customer? Include calculations.
   • What would be the economic exposure for the company? Include calculations.
   • What would be the translation exposure, if any? Include calculations.
3. What would be the impact on the company’s profit and loss at the time of the receipt of payment from the European customer if the exchange rate was EUR/USD 1.4868 in 30 days? Include calculations.
   • What would be the economic exposure for the company? Include calculations.
   • What would be the translation exposure, if any? Include calculations.
4. How could DGP, Inc. eliminate or reduce these exposure risks? Provide 2 hypothetical examples to support your answer.