In: Operations Management
Jean Piaget suggests that acquiring knowledge is done through action. In other words, committing an action leads to knowledge and knowledge leads to action. Piaget stated that an infant advances their cognitive development when they reach a certain point of physical maturation. By developing their understanding of the world around them, infants are able to cognitively mature. As they are further exposed to the world, infants will naturally undergo assimilation, in which they will utilize their acquired knowledge in order to understand the new knowledge that is bestowed upon them. For example, a child who sees a cat for the first time may refer to it as a dog since it may have been the only animal they have encountered beforehand. A creature that walks on four legs, in their mind, may be interpreted as a dog, as they have acquired previous knowledge that an animal who does not stand upright is a canine. Accommodation takes place when we alter our actions and beliefs when exposed to a situation that either challenges or changes our understanding. For example, an individual is told a rather unsavory rumor about another individual. They may accept the rumor as the truth and proceed to view the other individual as “undesirable”. However, the two individuals share an interaction, and it seems that the rumors were false. The misled individual then changes their view of the other individual, as they are quite different from what they expected them to be. In short, accommodation has taken place. The process of accommodation is an essential practice, as it allows us to “fit in” with others and ascertain new information presented to us throughout our lives. Schemes are our basic ways of understanding and functioning. Both a physical and psychological concept, schemes allow us to interpret information from our world and how to choose the appropriate reaction.
IN 7-8 LINES WHAT DO YOU AGREE WITH PAGE AND HOW WOULD YOU COMMENT?
In: Psychology
Conduct a formal test to determine if the proportion of students identifying as African-Americans differs significantly from the proportion published in US News. Use an α=0.05. Be sure to include each of the four steps of hypothesis testing. Do not use excel.
In: Statistics and Probability
Overview- Assume you have just earned an MBA and taken a position as an analyst with an investment bank. You are assigned to a team of analysts responsible for monitoring pharmaceutical companies. Your report would be used in formulating buy/sell recommendations on these companies.
Assignment- Select Teva Pharmaceutical Industries, Ltd. and Merck & Co. for comparative purposes. Prepare a three‐year comparative report and financial analysis on the two companies using the most recent financial data from each company's annual financial statements.
Requirements The report must include:
1. Description and background of companies and product lines
2. How they compare:
a) Financially 1. Working capital 2. Current ratio 3. Liquidity 4. Financial leverage 5. R&D Expenditures 6. Profitability 7. Out‐of‐theordinaryevents/transactions 8. Cash flow analysis 9. Return on assets (ROA) 10. Return on equity (ROE)
b) Operationally 1. Number of days in accounts receivable and accounts receivable turnover 2. Number of daysin inventory and inventory turnover 3. R&D percentage ofrevenue 4. Organic growth vs. growth through mergers and acquisitions 5. Off‐balance sheetobligations
3. Recommendations on how the companies could improve ROE
4. Conclusion as to financial strengths and weaknesses of each company
In: Accounting
1. (10) Evaluate each of the following statements – how does the situation affect the incentive to invest in a college degree? Why?
a. People who going into craft training programs such as carpentry or plumbing are making high wages.
b. A husband is planning to stay at home to raise his children.
c. Two siblings have entered college – one is a straight-A student with plenty of scholarships while the other maintained a 1.5 GPA in high school and must pay for most of their education out of pocket or through loans.
d. A college athlete receives a full scholarship to play hockey for the university he attends.
e. A 60-year old worker is deciding whether or not to pursue an MBA.
In: Economics
West Virginia University has provided a monopoly to the Coca-Cola company for the sale and distribution of beverages on campus. Economic theory tells us this comes with an amount of deadweight loss and a transfer of social benefits from the consumers to Coca-Cola, at least compared to having a perfectly competitive beverage market on campus. Why might the cost to society associated with this monopoly be understated?
In: Economics
Individual retirement accounts (IRAs) were established by the U.S. government to encourage saving. An individual who deposits part of current earnings in an IRA does not have to pay income taxes on the earnings deposited, nor are any income taxes charged on the interest earned by the funds in the IRA. However, when the funds are withdrawn from the IRA, the full amount withdrawn is treated as income and is taxed at the individual’s current income tax rate.
In contrast, an individual depositing in a non-IRA account has
to pay income taxes on the funds deposited and on interest earned
in each year but does not have to pay taxes on withdrawals from the
account. Another feature of IRAs that is different from a standard
savings account is that funds deposited in an IRA cannot be
withdrawn prior to retirement, except upon payment of a substantial
penalty.
a. Sarah, who is five years from retirement, receives a $10,000
bonus at work. She is trying to decide whether to save this extra
income in an IRA account or in a regular savings account. Both
accounts earn 3 percent nominal interest, and Sarah is in the 30
percent tax bracket in every year (including her retirement
year).
Compare the amounts that Sarah will have in five years under
each of the two saving strategies, net of all taxes. Is the IRA a
good deal for Sarah?
Instructions: Enter your responses
rounded to the nearest dollar.
If Sarah invests in the IRA, her net value (after taxes) five years
from now will be: $ .
If Sarah invests in the normal savings account, her net value
(after taxes) five years from now will be: $ .
In: Finance
Assume Health-R-Us is a legal monopoly: it is a monopoly due to legal protection from the government in the form of a patent issued to the company. Imagine that the government withdraws the legal protection for Health-R-Us such that the market becomes competitive.
Will a typical individual firm in this competitive market make economic profit in the long run? Why or why not? Use an appropriate firm-level diagram to illustrate and explain your answer.
In: Economics
Assume Health-R-Us is a legal monopoly: it is a monopoly due to legal protection from the government in the form of a patent issued to the company. Imagine that the government withdraws the legal protection for Health-R-Us such that the market becomes competitive. Will a typical individual firm in this competitive market make economic profit in the long run? Why or why not? Use an appropriate firm-level diagram to illustrate and explain your answer?
In: Economics
In: Economics