Complete the table below and answer the following questions. The price for this perfectly competitive firm is $150. A) Should this firm produce? B) If so, how many units should it produce? C) What is the economic profit or economic loss?
| QTY | FC | VC | TC | AFC | AVC | ATC | MC | MR |
| 0 | 500 | |||||||
| 1 | 650 | |||||||
| 2 | 700 | |||||||
| 3 | 760 | |||||||
| 4 | 840 | |||||||
| 5 | 950 | |||||||
| 6 | 1090 | |||||||
| 7 | 1270 | |||||||
| 8 | 1500 | |||||||
| 9 | 1790 | |||||||
| 10 | 2150 |
In: Economics
ASAP Use python please!!
Write a program including binary-search and merge-sort in Python.
You also need to modify the code posted and use your variable names and testArrays.
In: Computer Science
Wells Fargo and Moral Emotions
On September 8, 2016, Wells Fargo, one of the nation’s oldest and largest banks, admitted in a settlement with regulators that it had created as many as two million accounts for customers without their permission. This was fraud, pure and simple. It seems to have been caused by a culture in the bank that made unreasonable demands upon employees. Wells Fargo agreed to pay $185 million in fines and penalties.
Employees had been urged to “cross-sell.” If a customer had one type of account with Wells Fargo, then top brass reasoned, they should have several. Employees were strongly incentivized, through both positive and negative means, to sell as many different types of accounts to customers as possible. “Eight is great” was a motto. But does the average person need eight financial products from a single bank? As things developed, when employees were unable to make such sales, they just made the accounts up and charged customers whether they had approved the accounts or not. The employees used customers’ personal identification numbers without their knowledge to enroll them in various products without their knowledge. Victims were frequently elderly or Spanish speakers.
Matthew Castro, whose father was born in Colombia, felt so bad about pushing sham accounts onto Latino customers than he tried to lessen his guilt by doing volunteer work. Other employees were quoted as saying “it’s beyond embarrassing to admit I am a current employee these days.”
Still other employees were moved to call company hotlines or otherwise blow the whistle, but they were simply ignored or oftentimes punished, frequently by being fired. One employee who sued to challenge retaliation against him was “uncomfortable” and “unsettled” by the practices he saw around him, which prompted him to speak out. “This is a fraud, I cannot be a part of that,” the whistleblower said.
Early prognostications were that CEO John Stumpf would not lose his job over the fiasco. However, as time went on and investigations continued, the forms and amount of wrongdoing seemed to grow and grow. Evidence surfaced that the bank improperly changed the terms of mortgage loans, signed customers up for unauthorized life insurance policies, overcharged small businesses for credit-card processing, and on and on.
In September of 2016, CEO Stumpf appeared before Congress and was savaged by Senators and Representatives of both parties, notwithstanding his agreement to forfeit $41 million in pay. The members of Congress denounced Wells Fargo’s actions as “theft,” “a criminal enterprise,” and an “outrage.” Stumpf simultaneously took “full responsibility,” yet blamed the fraud on ethical lapses of low-level bankers and tellers. He had, he said, led the company with courage. Nonetheless, by October of 2016 Stumpf had been forced into retirement and replaced by Tim Sloan.
Over the next several months, more and more allegations of wrongdoing arose. The bank had illegally repossessed cars from military veterans. It had modified mortgages without customer authorization. It had charged 570,000 customers for auto insurance they did not need. It had ripped off small businesses by charging excessive credit card fees. The total number of fake accounts rose from two million to 3.5 million. The bank also wrongly fined 110,000 mortgage clients for missing a deadline even though the party at fault for the delay was Wells Fargo itself.
At its April 2017 annual shareholders meeting, the firm faced levels of dissent that a Georgetown business school professor, Sandeep Dahiya, called “highly unusual.”
By September, 2017, Wells Fargo had paid $414 million in refunds and settlements and incurred hundreds of millions more in attorneys’ and other fees. This included $108 million paid to the Department of Veterans Affairs for having overcharged military veterans on mortgage refinancing.
In October 2017, new Wells Fargo CEO Tim Sloan was told by Massachusetts Senator Elizabeth Warren, a Democrat, that he should be fired: “You enabled this fake-account scandal. You got rich off it, and then you tried to cover it up.” Republicans were equally harsh. Senator John Kennedy Texas said: “I’m not against big. With all due respect, I’m against dumb.”
Sloan was still CEO when the company had its annual shareholders meeting in April 2018. Shareholder and protestors were both extremely angry with Wells Fargo. By then, the bank had paid an additional $1 billion fine for abuses in mortgage and auto lending. And, in an unprecedented move, the Federal Reserve Board had ordered the bank to cap its asset growth. Disgust with Wells Fargo’s practices caused the American Federation of Teachers, to cut ties with the bank. Some whistleblowers resisted early attempts at quiet settlements with the bank, holding out for a public admission of wrongdoing.
In May 2018, yet another shoe dropped. Wells Fargo’s share price dropped on news that the bank’s employees improperly altered documents of its corporate customers in an attempt to comply with regulatory directions related to money laundering rules.
Ultimately, Wells Fargo removed its cross-selling sales incentives. CEO Sloan, having been informed that lower level employees were suffering stress, panic attacks, and other symptoms apologized for the fact that management initially blamed them for the results of the toxic corporate culture, admitting that cultural weaknesses had caused a major morale problem.
Questions:
1. What moral emotions seem to have been at play in this case? On the part of the bank’s employees? The bank’s victims? The bank’s regulators? The bank’s shareholders?
2. What factors contributed particularly to the outrage and anger that legislators, regulators, customers, and shareholders felt?
3. Clearly inner-directed emotions such as guilt and embarrassment affected the actions of Wells Fargo employees. Were they always sufficient to overcome the employees’ utilitarian calculation: “I need this job”?
4. Did moral emotions motivate some of the whistleblowers? How?
5. In the wake of everything described in the case study, Wells Fargo has fired many employees, clawed back bonuses from executives, replaced many of its directors, dismantled its sales incentive system and made other changes. Do you think these changes were made out of a utilitarian calculation designed to avoid further monetary penalties, a desire to avoid the shame and embarrassment the bank’s managers and employees were feeling, or a combination of both? If a combination, which do you think played a bigger role? Why?
In: Operations Management
Provide and example of tax elimination. Explain.
In: Finance
Randomly selected students participated in an experiment to test their ability to determine when one minute (or sixty seconds) has passed. Forty students yielded a sample mean of 61.6 seconds. Assuming that sigma equals8.7 seconds, construct and interpret a 90 % confidence interval estimate of the population mean of all students. Click here to view a t distribution table. LOADING... Click here to view page 1 of the standard normal distribution table. LOADING... Click here to view page 2 of the standard normal distribution table. LOADING... What is the 90 % confidence interval for the population mean mu ? nothing less thanmuless thannothing (Type integers or decimals rounded to one decimal place as needed.)
In: Math
Why would alcohol advertisement on campuses be unconstitutional?
In: Economics
When writing argument, the writer should avoid stating his/her position in the opening paragraph in order to avoid angering the reader.
True
False
In academic argument, the writer must defend a point of view on an issue that
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concerns social justice |
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does not have a clear right or wrong answer |
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has a specifically correct answer |
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allows for strong emotional appeal |
An argument is distinguished from a report or descriptive essay in that
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the emotional level of the writing is heightened |
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the writer must inform the reader of the correct answer |
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the language used is more academic |
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it must take a stance Since the audience for an argumentative essay includes the reader who opposes the position defended, the writer must take into consideration the audience's age, education, values, gender, culture, and ethnicity. True False A good argument must acknowledge and explain the counter-argument(s) in an argumentative essay. True False |
In: Operations Management
Explain the IPO framework for understanding human behavior. How it can be used by leaders to understand how to manage their followers?
In: Operations Management
A hotel runs several advertisements in the student newspaper of a local university, promoting its Sunday brunch menu. The ads increase the number of people visiting its restaurant, but only slightly. Is the campaign necessarily a failure? What other goals might the hotel have for this advertising campaign? (Answer thoroughly.)
In: Operations Management
Read the Case - A Good Team Player and answer the following questions. Be certain to include your rationale for each response.
1. List all of the unbiased facts of the case
2. Identify the ethical issue(s)
3. Identify the stakeholder(s):
a. Describe the stakeholder(s) in this case
b. Who has an interest
c. What are their motivations
d. How much power does each hold
4. Identify the alternatives:
a. What choices are available to the parties involved
b. What courses of action can be taken in response to this situation
5. Compare and weigh the alternatives:
a. What is the impact on the stakeholders and their resulting impact on the decision maker
b. Benefits/Harms? Rights/Wrongs?
c. How do the rules of ethical decision making (utilitarianism, moral rights, justice, practical rule) influence the decision making process
6. What should the decision maker in the case decide?
a. Provide a clear decision
b. The logic for this decision should stem from your responses to the previous questions
A Good Team Player
Leadership
Steven, Assistant Department Manager
Kristin, Newly appointed supervisor of Steven's work section
Having done well as a staff accountant in the accounts payable section of a major industrial firm for several years since his graduation from college, Steven felt that he had learned much about the “ins” and “outs” of survival in an intensely bureaucratic organization. It is thus not surprising that he was relaxed and unconcerned about his circumstances at the company as he entered the employee lounge to attend the late-afternoon welcoming reception for his new supervisor.
The new manager of accounts payable, Kristin, had been transferred to Steven’s division from a similar position in another subsidiary of the company because of her proven talent for organizing and improving the efficiency of operations there. A no-nonsense type of manager, Kristin was experienced and determined to perform her new assignment with the same vigor that had brought her so much success throughout her career.
At the reception, Kristin circulated through the room, introducing herself to her new subordinates and asking each of them if they had any suggestions that would help make the payables section a better place to work. When she approached Steven, he told her about something that had been on his mind lately: that people seemed to him to gain promotions and be given opportunities to work overtime based on who liked them, and not on the quality of their work. In reply, Kristin politely stated that she would do everything that she could to see that whatever it was he was referring to would have no place in the team she would lead.
Upon his arrival at work the next day, Steven received a phone call from Kristin’s secretary asking that he meet with his new boss later that morning. He had barely entered her office for the meeting when she looked him straight in the eye and said, “I will not tolerate individuals in this organization who are not good team players. Yesterday afternoon you led me to believe that there are people in this office who are not acting in the best interests of the company, and I want to know who. I want you to tell me the names of the managers you were referring to note, and keep me informed if you see anyone hurting this company, or I’ve got to think that maybe you’re part of the problems around here.” Stunned by both the tone and content of her statement, Steven quickly tried to think of a way to respond.
Author: Michael G. Bowen, Assistant Professor of Management, University of Notre Dame
In: Operations Management
In: Operations Management
need a detailed chapter 6 summary of Longing and Belonging: parent, children, and consumer culture by Allison Pugh. please and thank you
In: Psychology
2. Discuss how the stages-of-change model can be adapted for work with families on the journey from precontemplation through maintenance.
In: Operations Management
You are to write a short program asking the user to input a single character. Specifically, your prompt should be to ask the user to input a vowel - A, E, I , O or U. (We will not use Y ). Your program should then determine if they did indeed type in a vowel (upper or lower case is acceptable for user input for the vowel). You should use data type char for input!
If they did, you print a short message thanking them for following directions.
If they did NOT input a vowel, you print out a short message telling them that they did NOT follow the instructions.
You should use the switch statement construct to solve this problem.
I need help writing this in C++
In: Computer Science
The CEO of Starbucks and the Practice of Ethical Leadership
Sara Tangdall
Background
One year after becoming CEO of Starbucks, Kevin Johnson faced a leadership test when two black men were arrested in a Philadelphia Starbucks. The men were waiting to meet a business associate, but they didn’t purchase anything while they were waiting. The store manager asked them to leave, and they refused, explaining that they were there to meet someone. The manager called the police because the men refused to leave, and the police arrested them.
Another patron at Starbucks recorded the arrest on her cell phone, and it quickly went viral. In an interview after the arrest, the woman who took the video mentions that she had been sitting there for a while, and she wasn’t asked to leave even though she didn’t order anything. Additionally, the video shows the business associate of the black men show up during the arrest, and he asks the manager and the police what the men had done wrong. The general public and those who witnessed the arrest labeled it as discriminatory and racist.
This happened on a Thursday and the following Monday, Johnson said that the manager no longer worked at the store. The arrests led to protests and sit ins at the Philadelphia Starbucks the days following the event.
In his apology statement and follow up video release shortly after the arrests, Johnson said, “The video shot by customers is very hard to watch and the actions in it are not representative of our Starbucks Mission and Values. Creating an environment that is both safe and welcoming for everyone is paramount for every store. Regretfully, our practices and training led to a bad outcome—the basis for the call to the Philadelphia police department was wrong.”
Before the incident, Starbucks had no companywide policy about asking customers to leave, and the decision was left to the discretion of each store manager. Because of this flexible policy, Starbucks had become a community hub--a place where anyone could sit without being required to spend money. Johnson mentioned this community in his apology when he said Starbucks works to create an environment that is “both safe and welcoming for everyone.”
Also in his apology, Johnson outlined the investigation he and the company would undertake. The apology detailed actionable steps Starbucks leadership would follow to learn from the situation, including meeting with community stakeholders to learn what they could have done better. Johnson took full responsibility for the actions of his employees, and he acknowledged that Starbucks customers were hurt by the arrests. Johnson acknowledged that employees needed more training, including about when to call authorities, and that the company needed to conduct a thorough analysis of the practices that lead to this incident.
After issuing his apology, Johnson went to Philadelphia and met with the two men face to face to involve them in dialogue on what Starbucks needed to do differently.
The week following the arrests, Starbucks announced it would temporarily close 8,000 stores to conduct unconscious bias training, which they did on May 29, 2018. A month after the arrests, Starbucks released a new “Use of Third Place Policy,” which states that anyone can use Starbucks and its facilities without making a purchase; it also explains what managers should do if a customer becomes disruptive. Additionally, the policy says that Starbucks seeks to create “a culture of warmth and belonging where everyone is welcome. This policy is intended to help maintain the third place environment in alignment with our mission ‘to inspire and nurture the human spirit – one person, one cup and one neighborhood at a time.’”
Practice of Ethical Leadership
How is Johnson practicing ethical leadership? Additionally, we can consider what we learn about his character through his actions and his impact.
In: Operations Management