Designing and Administering Compensation Plans;
Supervision of Salesmen; Standards and
Performance; Motivating Sales Personnel; Sales Meetings and Sales
contests.
In: Operations Management
True or False?
1. The demand for foreign goods implies supplying the domestic currency.
2. If a nation's currency rises in value, foreigners can purchase more of that nation's output.
3. The devaluation of one currency implies a revaluation of other currencies.
4. If the American dollar is devalued, American goods are more expensive to people holding dollars.
5. The International Monetary Fund may lend currency reserves to a nation with a deficit in its merchandise trade balance.
6. The political climate abroad will affect the risk associated with foreign investments.
In: Finance
Assume that a union has organized the faculty at the university or the college where you are a student. What impact would you expect the union to have on the faculty? How would a faculty union affect the students’ educational experience? Explain.
In: Operations Management
Description: • Individual task. • Answer the following questions in a single document using the material and information given to you throughout the course. Once you have decided which country you will be working in, the UK, Canada or the USA, you must research and find the laws or regulations that correspond to the questions that you are answering. Remember to use Harvard citations in the document and to provide a reference page at the end.
1. Jim who recently quit his job after receiving a very large bonus payment is interested in forming his own business. He is not sure how to begin and he has asked you to help him identify and analyze what company formation options he has available. He can set up his business in the UK, Canada or the USA, he will go where you decide. a. Please advise him on what it means to be unincorporated, the advantages and disadvantages b. Then explain to him the significance of opening an incorporated business? What are the advantages and disadvantages of this type of business? c. Then explain to him what is a Limited Liability Partnership? What responsibilities and liabilities do the partners have for themselves individually, to the firm/to each other in the firm and to the public? d. Explain to Jim if he needs additional capital to begin his new company what are some ways he could finance his new company?
2. 5 years later Jim has done very well but he is facing competition from 4 other similar businesses, he is considering the idea of merging with one of his competitors or trying to acquire one of them. a. Explain to Jim what a merger is. Then identify and explain the steps that he and the other party would need to take to merge together – remember this will vary country to country. b. Jim was able to convince Bob to merge their companies together, explain to Jim what three separate groups of professionals are recommended to be consulted to assist him with this merger. c. Explain to Jim and Bob what issues they will need to agree to when the two comes merge into one new company. For example, who will be the Director, etc…
3. (In case Jim cannot merge with someone) Jim soon realizes that none of his competitors want to merge with him but still facing stiff competition, so he asks you to assist him in acquiring one of the competitors to give him a bigger advantage in the market. a. Explain to Jim what is an acquisition and then explain to him the different ways he can acquire one of his competitor’s company. b. Explain to Jim what the significance of him acquiring a competitor’s company would be in relations to control of the company, decision making, directors, etc…
4. If Jim cannot merge with a competitor is there the possibility of a Strategic Alliance or Joint Venture between the parties? a. Explain what is a Strategic Alliance? What are the main characteristics of a strategic alliance and the advantages/disadvantages? b. Explain what is a Joint Venture? What are the main characteristics of a joint venture and the advantages/disadvantages?
In: Economics
What is one major current trend in healthcare, and at least three related economic concepts?
In: Economics
Which of the following generic strategies is the most difficult to implement and why? Cite concrete examples.
Overall low-cost provider strategy; broad differentiation strategy; focused low-cost strategy; focused differentiation strategy; best-cost provider strategy
In: Operations Management
and thank you for your help..
In: Economics
Assume a Ricardian (Comparative Advantage) world. Also assume that in an hour, Home requires 8 hours for laptop computers and 2 hours for desktop computers while the rest of the world (ROW) needs 4 hours for laptops or 2 hours for desktops. Each country has 1000 labor hours available. Also, assume that these countries decide to open for trade and specializes in the products that they have comparative advantage.
Which of the following is NOT true?
A) After specialization, world total production of desktops will be 250.
B) All of these are correct.
C) After specialization, world total production of laptops will be 250.
D) After specialization, world total production of desktops will be 500.
In: Economics
Introducing Plenitude in the US:
In: Economics
Enter a string: "ABC8CBEABC+DE$$"
Enter a character to search: B
Character B is found at the following indices: 1, 5, 8
Enter a character to search: E
Character E is found at the following indices: 6, 12
Enter a character to search: w
Character w is found at the following indices: NONE
Enter a character to search: &
In: Computer Science
The COVID virus has had an impact on all facets of our economy. Please discuss the impact it has had on each of the variables below over the net 12 months. Explain if the will increase, decrease, or remain unchanged and the reasoning behind your decision. You do not have to cite the textbook, but all other sources should be cited according to APA format.
In: Economics
Assume that in an hour, Home requires 8 hours for laptop computers and 2 hours for desktop computers while the Rest of the world (ROW) needs 4 hours for laptops and 2 hours for desktops. Each country has 2,000 labor hours available. The labor requirements for desktops does not change with the quantity of output. On the other hand, when ROW produces 400 or more laptops, its labor requirement decreases to 3 hours per laptop.
What is the world total production when ROW uses its economies of scale advantage?
A) 400 laptops and 1000 desktops
B) 400 laptops and 1400 desktops
C) 1000 desktops and 450 laptops
D) 375 laptops and 1400 desktops
In: Economics
The president of the company you work for has asked you to evaluate the proposed acquisition of a new chromatograph for the firm’s R&D department. The equipment's basic price is $90,000, and it would cost another $13,500 to modify it for special use by your firm. The chromatograph, which falls into the MACRS 3-year class, would be sold after 3 years for $40,500. The MACRS rates for the first 3 years are 0.3333, 0.4445 and 0.1481. Use of the equipment would require an increase in net working capital (spare parts inventory) of $4,500. The machine would have no effect on revenues, but it is expected to save the firm $36,000 per year in before-tax operating costs, mainly labor. The firm's marginal federal-plus-state tax rate is 35%.
Year 1 | $ |
Year 2 | $ |
Year 3 | $ |
In: Finance
1. Vinnie is looking for an apartment in Dayton, Ohio. In Dayton, 75% of the two bedroom, one bath apartments are $800 a month and 25% are $400. The marginal cost of his search is $15 per search, i.e., the marginal cost of looking at the first apartment is $15, the marginal cost of looking at the second apartment is $30, and so on. Suppose that Vinnie discovers that the distribution of high price - low price apartments is not 75% and 25% but 60% and 40%. He will now be willing to look at a maximum of __________ apartments.
a. 8
b. 6
c. 4
d. 10
2.
Suppose Erie Textiles can dispose of its waste “for free” by dumping it into a nearby river. While the firm benefits from dumping waste into the river, the waste reduces the fish and bird reproduction. This causes damage to local fishermen and the aviarist. At a cost, Erie Textiles can filter out the toxins, in which case local fishermen or aviarist will not suffer any damage. The relevant gains (thousands of dollar) and losses for the three parties are listed below:
With filter Without filter
Erie textiles: 275 400
Fishermen 170 130
Aviarist 130 25
The daily cost (in thousands of dollars) of the filter to Erie Textiles is:
a. 400
b. 100
c. 125
d. 300
3. Suppose Erie Textiles can dispose of its waste “for free” by dumping it into a nearby river. While the firm benefits from dumping waste into the river, the waste reduces the fish and bird reproduction. This causes damage to local fishermen and the aviarist. At a cost, Erie Textiles can filter out the toxins, in which case local fishermen or aviarist will not suffer any damage. The relevant gains (thousands of dollar) and losses for the three parties are listed below:
With filter Without filter
Erie textiles: 275 400
Fishermen 170 130
Aviarist 130 25
The daily benefit (in thousands of dollars) of the filter to the fishermen and aviarist is
a. 400
b. 310
c. 145
d. 200
4.
Suppose Erie Textiles can dispose of its waste “for free” by dumping it into a nearby river. While the firm benefits from dumping waste into the river, the waste reduces the fish and bird reproduction. This causes damage to local fishermen and the aviarist. At a cost, Erie Textiles can filter out the toxins, in which case local fishermen or aviarist will not suffer any damage. The relevant gains (thousands of dollar) and losses for the three parties are listed below:
With filter Without filter
Erie textiles: 275 400
Fishermen 170 130
Aviarist 130 25
What is the minimum amount that needs to be paid to Erie textiles so that he agrees to install a filter?
a. 126
b. 276
c. 100
d. 400
5.
Suppose Erie Textiles can dispose of its waste “for free” by dumping it into a nearby river. While the firm benefits from dumping waste into the river, the waste reduces the fish and bird reproduction. This causes damage to local fishermen and the aviarist. At a cost, Erie Textiles can filter out the toxins, in which case local fishermen or aviarist will not suffer any damage. The relevant gains (thousands of dollar) and losses for the three parties are listed below:
With filter Without filter
Erie textiles: 300 400
Fishermen 170 130
Aviarist 130 25
What is the maximum amount that the fishermen and the aviarist can give to Erie textiles so that he agrees to install a filter?
a. 145
b. 100
c. 125
d. 200
6.
Suppose Erie Textiles can dispose of its waste “for free” by dumping it into a nearby river. While the firm benefits from dumping waste into the river, the waste reduces the fish and bird reproduction. This causes damage to local fishermen and the aviarist. At a cost, Erie Textiles can filter out the toxins, in which case local fishermen or aviarist will not suffer any damage. The relevant gains (thousands of dollar) and losses for the three parties are listed below:
With filter Without filter
Erie textiles: 275 400
Fishermen 170 130
Aviarist 130 25
If Erie Textiles does not install the filter that will cause a net social _____ of _____ (in thousands of dollars).
a. Loss; 25
b. Loss; 40
c. Gain; 100
d. Gain; 35
In: Economics
The entrepreneurial process. Developing ideas &
Business opportunities. Feasibility planning.
Analyzing the market, Customers and competition. Preparing the
Business plan- types, steps,
process and writing & presentation of the Plan
In: Operations Management