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Business Finance – Economics HOMEWORK

Discussion 1:

Watch the video clip from  Jingle All the Way .   (View  Transcript.)   

Consider the following: Prices serve a rationing function. When quantity demanded exceeds quantity supplied, prices rise to alleviate the shortage. When quantity supplied exceeds quantity demanded, prices fall to alleviate the surplus. However, when prices are inflexible, shortages and surpluses persist. Other rationing mechanisms must develop.

1. Using demand and supply analysis, describe a specific situation that you have witnessed where a shortage occurred. Why were prices unable to adjust in this market?

2. Combining what you learned from your readings as well as from the video clip, what other rationing functions could develop to alleviate that shortage?

Citation: Barnathan, M., Columbus, C., Radcliffe, M. (Producers), & Levant, B. (Director). (1996). Jingle all the way [Motion picture]. United States: Twentieth Century Fox.

Discussion 2

Watch the video clip from  Bart Gets an Elephant.   (View  Transcript.) 

Consider the relationship between price elasticity of demand and total revenue, and why Homer didn’t make the smartest business decision when raising the price of admission. For this week’s discussion question, you should pick two products: one that is relatively price inelastic and another that is relatively price elastic. You can determine a product’s relative price elasticity by considering the Determinants of the Price Elasticity of Demand listed in your textbook. You should begin by defining your product in terms of the determinants and then describe how increases in the price would affect total revenue.Would it make good business sense to be the one producing and selling these products? Why or why not?

Discussion 3

Watch the video clip from  Cool Hand Luke .   (View  Transcript.)   

Consider how marginal benefits and marginal costs fit into Luke’s decision, and how the concept of diminishing marginal utility is at work as Luke eats more and more eggs.

a. What is driving his marginal benefits to continue to exceed his marginal cost?

b. Consider how Luke’s decision would change if he had to actually pay for each egg he eats. How would this affect his choice to continue eating?

c. Consider the concept of marginal utility per dollar spent (i.e. MU/P) and how it affects the consumption decisions we make. Think of a time when you ended up buying your second choice instead of your first choice. Explain how that decision was made because it wasn’t only about marginal utility for you, but about marginal utility per dollar spent.

Citation: Carroll, G. (Producer), & Rosenburg, S. (Director). (1967). Cool Hand Luke [Motion picture]. United States: Warner Brothers.

ONLINE ACTIVITY 3: Chapter 5 Social Interaction, Groups, and Social Structure

Max Weber discussed the 5 characteristics of the ideal type of bureaucracy.

Think through how Sheridan could be an example of an ideal type if all of the characteristics were met? What is an example for each characteristic? In addition Has Sheridan college become McDonaldized?  Defend your answer using examples.

RUBRIC for Online Activity 3

All responses must be a MINIMUM of THREE full paragraphs. They must include citations from the text and lecture material, and all must include a reflection or applied component to the answer

A – Excellent: above 4.4

Strongly developed response that is a full three paragraphs; clear opinion and defended with examples from the reading(s); there is evidence of personal reflection; excellent organization and logical structure; no significant errors in grammar or punctuation.

B – Good: 3.5-4.4

A good response that is a full three paragraphs; well-argued, but perhaps lacks

examples from the course; opinion not always explained with facts; some evidence of personal reflection; good organization and logical structure; some grammar and spelling problems, but generally minor in nature.

C – Average: 2.6-3.5

An adequate response that is three paragraphs but may be short and/or underdeveloped; an opinion is stated and defended, but with little or no summary material from the reading(s); some problems with logic or organization; frequent grammatical and stylistic problems.

D – Poor: Below 2.5

A short and limited response; unclear thesis with little or no supporting evidence; little evidence of having read the learning material; readings are not employed or employed sparingly; serious problems with grammar and style that impede understanding.

Zero: Entirely off topic or no thesis; no work handed in or work is copied from elsewhere and/or not referenced.

 

file:///C:/Users/Dell/AppData/Local/Temp/Temp1_Social%20Interaction.html.zip/Social%20Interaction.html

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Calculate The Marginal Utility And The Marginal Utility Per Dollar For Movie Tickets And Average Concession Stand Times

 Given the quantity of total movie tickets and total concession stand items consumed in a month and the total utility derived at Ruby Red’s Movie Theater for each, calculate the marginal utility and the marginal utility per dollar for movie tickets and average concession stand items. 

Discussion111

Case Study: A 25-year-old presented to the labor and delivery unit with complaints of uterine cramping and lower back pain. The client denied any vaginal bleeding and had a history of preterm birth at 32 weeks (about 7 and a half months) gestation with her last pregnancy. The baby from that pregnancy is three years old has no developmental issues. The client’s gestational age is 30 weeks (about 7 months). She is O+, and all other lab values are normal. No evidence of sexually transmitted infections (STI’s).

(Group Beta Strep is missing from the labs and most often is obtained at 35 – 37 weeks (about 8 and a half months) gestation. Without this information, it is often determined to treat the patient anyway, to protect a premature baby from the risk.)

• What additional information should the nurse obtain from the client?
• What nursing intervention is most appropriate in this situation?
• What screening tests should be obtained to determine the risk for preterm labor?
• If the client is in preterm labor, what medications would the nurse expect to be ordered, and what are the priorities for the nurse to assess post-administration? (Include dose, side effects and expected outcomes of the medication).

Course Project Phase III (MGT5430 Organizational Behavior)

Recap – Course Project:

An organizational development intervention is typically required when a problem, such as morale, behavior, or absenteeism, poses a threat to productivity and profitability.

You are an internal organizational consultant in an organization in which you are now employed, or in an organization in which you were recently employed. Describe and analyze an O.B. problem(s) and recommend an organizational plan for change and intervention, based on what you have learned from this course. Provide your rationale as to why you think your approach will help. This will require a practitioner analysis of the organizational problem of interest to you and an academic literature review of similar organization problems and interventions that you believe will be most beneficial in solving the problem. Also, provide an evaluation plan for the proposed intervention(s).

Key components of Phase III

1. Table of contents.

2. Abstract – An abstract is a brief summary of the paper, allowing readers to know the main points, and what was achieved in the paper (written in the past tense). It must be a single paragraph in block format (without paragraph indentation), and the appropriate length is typically between 150 and 200 words. Section 2.04 of the APA manual has additional information about the abstract.

3. Introduce your paper – Since the first paragraph or section of a document is assumed to be the introduction, “the heading ‘Introduction’ is not needed. Do not begin a paper with an ‘Introduction’ heading” (APA, 2020, p. 47). The first section heading after the introductory paragraph or section should be a Level 1 heading (APA, 2020, p. 47).

4. Problem Identification (Using your professor’s feedback, fully describe the problem)

5. Description of the organization (Using your professor’s feedback fully, introduce the hypothetical or real organization)

6. Context of the problem – (Using your professor’s feedback refine the context of the problem) provide specific details about patterns observed or tangible evidence that the problem impacts productivity and efficiency. This creates a compelling need for change and intervention. If possible, include statistical data and quotes from workers to support each statement you make:

· How do you know it’s a problem?

· Specifically, what is the problem?

7. Needs Assessment Analysis – (Using your professor’s feedback refine the needs assessment analysis):

· Direct observation

· Questionnaires

· Consultation with persons in key positions, and/or with specific knowledge

· Review of relevant literature

· Interviews

· Focus groups

· Assessments/surveys

· Records & report studies

· Work samples

8. Proposed Organization Behavior Interventions/plan must include Using your professor’s feedback refine the OBI:

· Goals and objections (Goals should be specific, measurable, attainable, realistic, and time-constrained).

· It should also state assumptions and constraints.

9. Required Resources (for the intervention) – Using your professor’s feedback refine the required resources.

10. Timeline – (Include a table)

11. Anticipated resistance (How to deal with resistance).

12. Potential benefit(s) – How much the intervention will cost and what sponsorship is required to make it a success (cost savings). Your proposal should include a table that lists items and the estimated cost. You can also indicate potential sources of funding. By clearly defining all the resources required to conduct the intervention.

13. Suggested Evaluation – must include:

· A clear statement of the intended outcomes of the project

· The evidence that will indicate the extent to which the outcomes are being achieved

· How and from whom the evidence will be collected

· How and by whom the evidence will be analyzed

· How and to whom the results will be reported

· How and by whom the information will be used.

14. Conclusions contextualizing your proposed intervention plan

15. Not less than 15 references (including those from Phases I & II).

Course Project Phase III must be in APA format