5. Provide a brief discussion with supporting evidence to the following inquiry: With the responsibility of overseeing career development processes, how does management equip employees with skills that impact their performance in an efficient and effective manner?

5. Provide a brief discussion with supporting evidence to the following inquiry: With the responsibility of overseeing career development processes, how does management equip employees with skills that impact their performance in an efficient and effective manner?

Career development can facilitate we attain superior contentment and accomplishment. … Read More...
Dynamo: Amazon’s Highly Available Key-value Store http://www.read.seas.harvard.edu/~kohler/class/cs239-w08/decandia07dynamo.pdf 1. Why is commonly-accepted performance-oriented SLA specification using average, median, and expected variance inadequate at Amazon, who desires to provide all customers a good experience? (Section 2.2)

Dynamo: Amazon’s Highly Available Key-value Store http://www.read.seas.harvard.edu/~kohler/class/cs239-w08/decandia07dynamo.pdf 1. Why is commonly-accepted performance-oriented SLA specification using average, median, and expected variance inadequate at Amazon, who desires to provide all customers a good experience? (Section 2.2)

Amazon follows a decentralized service destined infrastructure. For example: wherever … Read More...
Name: Date: Quiz IV Vignette 1. Johnny has just come in from recess and he is thirsty. He asks to go to the water fountain, but his teacher tells him that first he has to complete his math worksheet, and then he can have a drink of water. 1. Given that Johnny is thirsty, do you think he will be motivated to complete his math worksheet? 2. Write the correct notation of the 4 term contingency used in this example. Define which piece from the example matches each part of the contingency. 3. What is the MO – and what kind of MO is this? 4. If reinforcement is used in this example – is it positive or negative? Vignette 2. You feel a headache coming on – you see the bottle of advil in your desk drawer. You take the advil. The headache goes away. 5. Write and define the 4 term contingency. 6. What is the MO – and what kind of MO is this? 7. If reinforcement is used in this example – is it positive or negative? —- 8. Define positive reinforcement and give an example. 9. Define negative reinforcement and give an example. Vignette 3. Every time Johnny is given a math worksheet to complete, he kicks, hits, and spits on the teacher. This typically results in Johnny being sent to the principal’s office. 10. How would you label and define this target behavior? 11. What is the probable function of this behavior? 12. What adaptive alternative would you consider teaching Johnny to replace this target behavior? Vignette 4. When Bobby is denied access (told he cannot have) to a preferred toy, he throws himself on the ground, begins screaming and hitting the floor with his fists. This behavioral episode can go on anywhere from 5 to 20 minutes. 13. How would you label and define this target behavior? 14. What is the probable function of this behavior? 15. What type of data collection would you use for this target behavior? — Vignette 5. Johnny knows that when his grandmother watches him, she will try to soothe him with delicious treats if he begins tantrumming. However, he has learned that his mother does NOT give him tasty treats if he engages in problem behavior. Using the 3 term contingency – describe this situation when Grandma is present. (Hint: Does his grandmother function as an SD or an S∆ for tantrumming behavior?) Using the 3 term contingency – describe this situation when his mother is present. (Hint: does his mother function as an SD or an S∆ for tantrum behavior?)

Name: Date: Quiz IV Vignette 1. Johnny has just come in from recess and he is thirsty. He asks to go to the water fountain, but his teacher tells him that first he has to complete his math worksheet, and then he can have a drink of water. 1. Given that Johnny is thirsty, do you think he will be motivated to complete his math worksheet? 2. Write the correct notation of the 4 term contingency used in this example. Define which piece from the example matches each part of the contingency. 3. What is the MO – and what kind of MO is this? 4. If reinforcement is used in this example – is it positive or negative? Vignette 2. You feel a headache coming on – you see the bottle of advil in your desk drawer. You take the advil. The headache goes away. 5. Write and define the 4 term contingency. 6. What is the MO – and what kind of MO is this? 7. If reinforcement is used in this example – is it positive or negative? —- 8. Define positive reinforcement and give an example. 9. Define negative reinforcement and give an example. Vignette 3. Every time Johnny is given a math worksheet to complete, he kicks, hits, and spits on the teacher. This typically results in Johnny being sent to the principal’s office. 10. How would you label and define this target behavior? 11. What is the probable function of this behavior? 12. What adaptive alternative would you consider teaching Johnny to replace this target behavior? Vignette 4. When Bobby is denied access (told he cannot have) to a preferred toy, he throws himself on the ground, begins screaming and hitting the floor with his fists. This behavioral episode can go on anywhere from 5 to 20 minutes. 13. How would you label and define this target behavior? 14. What is the probable function of this behavior? 15. What type of data collection would you use for this target behavior? — Vignette 5. Johnny knows that when his grandmother watches him, she will try to soothe him with delicious treats if he begins tantrumming. However, he has learned that his mother does NOT give him tasty treats if he engages in problem behavior. Using the 3 term contingency – describe this situation when Grandma is present. (Hint: Does his grandmother function as an SD or an S∆ for tantrumming behavior?) Using the 3 term contingency – describe this situation when his mother is present. (Hint: does his mother function as an SD or an S∆ for tantrum behavior?)

Name:                                                                                                  Date: Quiz IV   Vignette 1.   Johnny … Read More...
Attached Files: File Operational Definitions for 670.doc (25.5 KB) Amply armed with all the information you have learned throughout these last 7 weeks (paying special attention to Chapters 11-14), complete a “mini public relations proposal.” Following is a checklist of what is expected in this proposal: 1. Name of the organization and a brief explanation/description (Example: it is a boutique that specializes in selling high-end bridal gowns; it is a nonprofit organization that raises money for children whose parents are wounded veterans, etc.) PLEASE NOTE: No fictitious organizations, please! 2. ONE Overaching Goal (to persuade, inform, educate, etc.) 3. ONE suggestion for the research you plan to conduct. Explain the method (survey, phone interviews, etc.), who you are researching, and why you think this method is most conducive for this communication campaign. 4. ONE behavioral objective (see handouts a) RECALL PLOT: public, level of obtainment, timeframe) b). RECALL that the objective is what you want your target public to do 5. ONE action strategy (RECALL that the strategy is what you are planning to do meet your objective – your gameplan) 6. ONE message strategy (what your message will say) 7. TWO communication tactics 8. ONE technique for measuring whether the objective was met IMPORTANT NOTES: > USE the prsa operational definitions (SEE ATTACHED HANDOUT) > USE subheads for each part of the proposal OR you can just number the components (1-8) > The rubric for this last report is very simple: points will be deducted for each component you do not include or if it is written incorrectly or does not meet all the critiera mapped out in the attached handout.

Attached Files: File Operational Definitions for 670.doc (25.5 KB) Amply armed with all the information you have learned throughout these last 7 weeks (paying special attention to Chapters 11-14), complete a “mini public relations proposal.” Following is a checklist of what is expected in this proposal: 1. Name of the organization and a brief explanation/description (Example: it is a boutique that specializes in selling high-end bridal gowns; it is a nonprofit organization that raises money for children whose parents are wounded veterans, etc.) PLEASE NOTE: No fictitious organizations, please! 2. ONE Overaching Goal (to persuade, inform, educate, etc.) 3. ONE suggestion for the research you plan to conduct. Explain the method (survey, phone interviews, etc.), who you are researching, and why you think this method is most conducive for this communication campaign. 4. ONE behavioral objective (see handouts a) RECALL PLOT: public, level of obtainment, timeframe) b). RECALL that the objective is what you want your target public to do 5. ONE action strategy (RECALL that the strategy is what you are planning to do meet your objective – your gameplan) 6. ONE message strategy (what your message will say) 7. TWO communication tactics 8. ONE technique for measuring whether the objective was met IMPORTANT NOTES: > USE the prsa operational definitions (SEE ATTACHED HANDOUT) > USE subheads for each part of the proposal OR you can just number the components (1-8) > The rubric for this last report is very simple: points will be deducted for each component you do not include or if it is written incorrectly or does not meet all the critiera mapped out in the attached handout.

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ECON 101 FALL 2015 EXAM 1 NAME:______________________________ 1. Suppose the price elasticity of demand for cheeseburgers equals 1.37. This means the overall demand for cheeseburgers is: A) price elastic. B) price inelastic. C) price unit-elastic. D) perfectly price inelastic. 2. The price elasticity of demand for skiing lessons in New Hampshire is less than 1.00. This means that the demand is ______ in New Hampshire. A) price elastic B) price inelastic C) price unit-elastic D) perfectly price elastic 3. If the demand for textbooks is price inelastic, which of the following would explain this? A) Many alternative textbooks can be used as substitutes. B) Students have a lot of time to adjust to price changes. C) Textbook purchases consume a large portion of most students’ income. D) The good is a necessity. 4. A major state university in the South recently raised tuition by 12%. An economics professor at this university asked his students, “Due to the increase in tuition, how many of you will transfer to another university?” One student out of about 300 said that he or she would transfer. Based on this information, the price elasticity of demand for education at this university is: (Hint: one out of 300 is how much of a percentage change? Which percentage change is greater – tuition or transfer? Apply the basic formula for elasticity that I put on the board a few times.) A) one. B) highly elastic. C) highly inelastic. D) zero. 5. Suppose the price elasticity of demand for fishing lures equals 1 in South Carolina and 0.63 in Alabama. To increase revenue, fishing lure manufacturers should: (Hint: If the demand for a product is inelastic, the price can go up and you’ll still buy it, since there are no or few substitutes. If the demand for a product is elastic, the price can go up and you’ll probably walk away from it, since substitutes are available. How might this info impact the pricing strategies of firms?) A) lower prices in each state. B) raise prices in each state. C) lower prices in South Carolina and raise prices in Alabama. D) leave prices unchanged in South Carolina and raise prices in Alabama. Read your syllabus and answer questions 6 through 10: 6. T or F: Disruptive classroom behavior includes the following: chatting with fellow students, use of electronic devices such as laptops, tablets, notebooks, and cell phones, reading or studying during class, sleeping, arriving late, departing early, studying for another class, or in any other way disturbing the class. 7. T or F: It’s OK to use my computer in class or play with my phone. There is no penalty attached to these activities and Keiser doesn’t really mind. 8. T or F: It’s OK to show up late for class and disrupt one of Keiser’s swashbuckling lectures. 9. T or F: Attendance is highly optional since it doesn’t impact my final course grade. 10. T or F: I should blow off the career plan/business plan assignment in this course because it’s unimportant to my future and not worth many points. 11. Jacquelyn is a student at a major state university. Which of the following is not an example of an explicit, or direct, cost of her attending college? A) Tuition B) Textbooks C) the salary that she could have earned working full time D) computer lab fees 12. The two principles of tax fairness are: A) the minimize distortions principle and the maximize revenue principle. B) the benefits principle and the ability-to-pay principle. C) the proportional tax principle and the ability-to-pay principle. D) the equity principle and the efficiency principle. 13. The benefits principles says: A) the amount of tax paid depends on the measure of value. B) those who benefit from public spending should bear the burden of the tax that pays for that spending. C) those with greater ability to pay should pay more tax. D) those who benefit from the tax should pay the same percentage of the tax base as those who do not benefit. 14. A tax that rises less than in proportion to income is described as: (Hint: This would have more of a negative impact on lower income earners vs. higher income earners.) A) progressive. B) proportional. C) regressive. D) structural. 15. The U.S. income tax is _______, while the payroll tax is _______. (Hint: Think income tax vs. Social Security tax.) A) progressive; progressive C) regressive; progressive B) progressive; regressive D) regressive; regressive 16. Who is currently leading in the polls to receive the Republican nomination as that party’s presidential candidate? A) Qasem Soleimani B) Abu Bakr al-Baghdadi C) Osama bin Laden D) Donald J. Trump 17. The single most important thing I’ve learned in class this term is: A) stay in frickin’ school B) stay in school and make a plan for life and my career C) the use of cheese for skyscraper construction D) both A and B above 18. Market equilibrium occurs when: A) there is no incentive for prices to change in the market. B) quantity demanded equals quantity supplied. C) the market clears. D) all of the above occur. 19. Excess supply occurs when: (Hint: Draw a supply and demand graph! Think about price ceilings and floors and the graphs of these we discussed in class.) A) the price is above the equilibrium price. B) the quantity demanded exceeds the quantity supplied. C) the price is below the equilibrium price. D) both b and c occur. 20. The single most important thing I’ve learned in class this term is: a. stay in school and look into either a study abroad or internship experience b. stay in school and make a plan for life and my career c. the untimely demise of Cecil the lion in Zimbabwe d. both a. and b. above 21. According to the textbook definition, mainstream microeconomics generally focuses on a. how individual decision-making units, like households and firms, make economic decisions. b. the performance of the national economy and policies to improve this performance. c. the relationship between economic and political institutions. d. the general level of prices in the national economy. 22. Which of the following is the best summary of the three basic economic questions? a. Who? Why? and When? b. What? How? and Who? c. When? Where? and Why? d. What? Where? and Who? 23. Which of the following is not one of the basic economic resources? a. land b. labor c. capital d. cheese e. entrepreneurship 24. The largest country in the Arabian Peninsula and home to the cities of Riyadh, Jeddah, Mecca, and Medina is: a. The Kingdom of Saudi Arabia b. California c. Spain d. Kentucky 25. T or F: The law of demand explains the upward slope of the supply curve. 26. In economics, a “marginal” value refers to: a. the value associated with an important or marginal activity. b. a value entered as an explanatory item in the margin of a balance sheet or other accounts. c. the value associated with one more unit of an activity. d. a value that is most appropriately identified in a footnote. 27. A government mandated price that is below the market equilibrium price is sometimes called. . . (Hint: Draw a graph again and think about what the government is trying to accomplish.) a. a price ceiling. b. a price floor. c. a market clearing price. d. a reservation price. 28. T or F: Entering the US job market without any education or training is crazy and should be avoided. Stay in frickin’ school, baby! 29. The law of demand states that, other things equal: a. as the price increases, the quantity demanded will increase. b. as the price decreases, the demand curve will shift to the right. c. as the price increases, the quantity demanded will decrease. d. none of the above. 30. The law of supply says: a. other things equal, the quantity supplied of a good is inversely related to the price of the good. b. other things equal, the supply of a good creates its own demand. c. other things equal, the quantity supplied of a good is positively related to the price of the good. d. none of the above. 31. A perfectly inelastic demand curve is: a. horizontal. b. downward sloping. c. upward sloping. d. vertical. 32. A trade-off involves weighing costs and benefits. a. true b. false 33. A perfectly elastic demand curve is: a. horizontal. b. downward sloping. c. upward sloping. d. vertical. 34. The second most important thing I’ve learned in class this term is: a. despair is not an option b. Donald J. Trump’s hair is real c. the use of cheese for skyscraper construction d. none of the above 35. T or F: Virtually any news item has important economic dimensions and consequences. 36. T or F: When studying economics, always think in terms of historical context. 37. This popular Asian country is populated by 1.3 billion people, has the world’s second largest economy, and uses a language that’s been in continuous use for nearly 5,000 years: a. Kentucky b. California c. Spain d. China 38. T or F: The top priority in my life right now should be my education and an internship experience. Without these, the job market is going to kick my butt! 39. Which of the following is a key side effect generated by the use of price ceilings? a. black markets b. products with too high of quality c. an excess supply of a good d. too many resources artificially channeled into the production of a good 40. Which of the following is NOT one of the four basic principles for understanding individual choice? a. Resources are scarce. b. The real cost of something is the money that you must pay to get it. c. “How much?” is a decision at the margin. d. People usually take advantage of opportunities to make themselves better off. 41. A hot mixture of pan drippings, flour, and water is commonly known as: a. interest rates and expected future real GDP. b. interest rates and current real GDP. c. inflation and expected future real GDP. d. gravy. 42. The example we used in class when discussing the inefficiency of quantity quotas was: a. Uber b. General Electric c. AT&T d. the KSU marching band 43. The term we learned in class signifying a key method of non-price competition is: a. excess supply chain management b. arbitrage c. swashbuckling d. product differentiation 44. When discussing market failure and the role of regulation in class, which company/product did we use as an example? a. Pabst Blue Ribbon b. JetBlue c. Blue Bell d. Blue Apron 45. Governments may place relatively high sales taxes on goods such as alcohol and tobacco because: a. such taxes are a significant source of revenue b. such goods exhibit inelastic demand c. such taxes may discourage use of these products d. all of the above 46. When discussing the cost of higher education in class, which country did we cite as an example of one that offers free college for qualifying students? a. USSR b. Rhodesia c. Czechoslovakia d. Germany 47. Which of the following is not an example of market failure we discussed in class? a. externalities b. public goods c. fungible goods d. common pool resources e. equity 48. T or F: As we discussed in class, the real reason why the US has lost jobs to China is the “most favored nation” (MFN) trading status granted to China by the US back in the 1980s. 49. The dude we talked about in class who coined the expression “invisible hand” and promoted self-interest and competition in his famous book “The Wealth of Nations” is: a. Abu Bakr al-Baghdadi b. Ali Khamenei c. Donald J. Trump d. Adam Smith 50. When studying for your final exams and attempting to allocate your limited time among several subjects in order to maximize your course grades (recall, we talked about this example during the first week of class), you’re almost unconsciously engaging in a form of: a. fraud b. miscellaneous serendipity b. mitosis d. marginal analysis

ECON 101 FALL 2015 EXAM 1 NAME:______________________________ 1. Suppose the price elasticity of demand for cheeseburgers equals 1.37. This means the overall demand for cheeseburgers is: A) price elastic. B) price inelastic. C) price unit-elastic. D) perfectly price inelastic. 2. The price elasticity of demand for skiing lessons in New Hampshire is less than 1.00. This means that the demand is ______ in New Hampshire. A) price elastic B) price inelastic C) price unit-elastic D) perfectly price elastic 3. If the demand for textbooks is price inelastic, which of the following would explain this? A) Many alternative textbooks can be used as substitutes. B) Students have a lot of time to adjust to price changes. C) Textbook purchases consume a large portion of most students’ income. D) The good is a necessity. 4. A major state university in the South recently raised tuition by 12%. An economics professor at this university asked his students, “Due to the increase in tuition, how many of you will transfer to another university?” One student out of about 300 said that he or she would transfer. Based on this information, the price elasticity of demand for education at this university is: (Hint: one out of 300 is how much of a percentage change? Which percentage change is greater – tuition or transfer? Apply the basic formula for elasticity that I put on the board a few times.) A) one. B) highly elastic. C) highly inelastic. D) zero. 5. Suppose the price elasticity of demand for fishing lures equals 1 in South Carolina and 0.63 in Alabama. To increase revenue, fishing lure manufacturers should: (Hint: If the demand for a product is inelastic, the price can go up and you’ll still buy it, since there are no or few substitutes. If the demand for a product is elastic, the price can go up and you’ll probably walk away from it, since substitutes are available. How might this info impact the pricing strategies of firms?) A) lower prices in each state. B) raise prices in each state. C) lower prices in South Carolina and raise prices in Alabama. D) leave prices unchanged in South Carolina and raise prices in Alabama. Read your syllabus and answer questions 6 through 10: 6. T or F: Disruptive classroom behavior includes the following: chatting with fellow students, use of electronic devices such as laptops, tablets, notebooks, and cell phones, reading or studying during class, sleeping, arriving late, departing early, studying for another class, or in any other way disturbing the class. 7. T or F: It’s OK to use my computer in class or play with my phone. There is no penalty attached to these activities and Keiser doesn’t really mind. 8. T or F: It’s OK to show up late for class and disrupt one of Keiser’s swashbuckling lectures. 9. T or F: Attendance is highly optional since it doesn’t impact my final course grade. 10. T or F: I should blow off the career plan/business plan assignment in this course because it’s unimportant to my future and not worth many points. 11. Jacquelyn is a student at a major state university. Which of the following is not an example of an explicit, or direct, cost of her attending college? A) Tuition B) Textbooks C) the salary that she could have earned working full time D) computer lab fees 12. The two principles of tax fairness are: A) the minimize distortions principle and the maximize revenue principle. B) the benefits principle and the ability-to-pay principle. C) the proportional tax principle and the ability-to-pay principle. D) the equity principle and the efficiency principle. 13. The benefits principles says: A) the amount of tax paid depends on the measure of value. B) those who benefit from public spending should bear the burden of the tax that pays for that spending. C) those with greater ability to pay should pay more tax. D) those who benefit from the tax should pay the same percentage of the tax base as those who do not benefit. 14. A tax that rises less than in proportion to income is described as: (Hint: This would have more of a negative impact on lower income earners vs. higher income earners.) A) progressive. B) proportional. C) regressive. D) structural. 15. The U.S. income tax is _______, while the payroll tax is _______. (Hint: Think income tax vs. Social Security tax.) A) progressive; progressive C) regressive; progressive B) progressive; regressive D) regressive; regressive 16. Who is currently leading in the polls to receive the Republican nomination as that party’s presidential candidate? A) Qasem Soleimani B) Abu Bakr al-Baghdadi C) Osama bin Laden D) Donald J. Trump 17. The single most important thing I’ve learned in class this term is: A) stay in frickin’ school B) stay in school and make a plan for life and my career C) the use of cheese for skyscraper construction D) both A and B above 18. Market equilibrium occurs when: A) there is no incentive for prices to change in the market. B) quantity demanded equals quantity supplied. C) the market clears. D) all of the above occur. 19. Excess supply occurs when: (Hint: Draw a supply and demand graph! Think about price ceilings and floors and the graphs of these we discussed in class.) A) the price is above the equilibrium price. B) the quantity demanded exceeds the quantity supplied. C) the price is below the equilibrium price. D) both b and c occur. 20. The single most important thing I’ve learned in class this term is: a. stay in school and look into either a study abroad or internship experience b. stay in school and make a plan for life and my career c. the untimely demise of Cecil the lion in Zimbabwe d. both a. and b. above 21. According to the textbook definition, mainstream microeconomics generally focuses on a. how individual decision-making units, like households and firms, make economic decisions. b. the performance of the national economy and policies to improve this performance. c. the relationship between economic and political institutions. d. the general level of prices in the national economy. 22. Which of the following is the best summary of the three basic economic questions? a. Who? Why? and When? b. What? How? and Who? c. When? Where? and Why? d. What? Where? and Who? 23. Which of the following is not one of the basic economic resources? a. land b. labor c. capital d. cheese e. entrepreneurship 24. The largest country in the Arabian Peninsula and home to the cities of Riyadh, Jeddah, Mecca, and Medina is: a. The Kingdom of Saudi Arabia b. California c. Spain d. Kentucky 25. T or F: The law of demand explains the upward slope of the supply curve. 26. In economics, a “marginal” value refers to: a. the value associated with an important or marginal activity. b. a value entered as an explanatory item in the margin of a balance sheet or other accounts. c. the value associated with one more unit of an activity. d. a value that is most appropriately identified in a footnote. 27. A government mandated price that is below the market equilibrium price is sometimes called. . . (Hint: Draw a graph again and think about what the government is trying to accomplish.) a. a price ceiling. b. a price floor. c. a market clearing price. d. a reservation price. 28. T or F: Entering the US job market without any education or training is crazy and should be avoided. Stay in frickin’ school, baby! 29. The law of demand states that, other things equal: a. as the price increases, the quantity demanded will increase. b. as the price decreases, the demand curve will shift to the right. c. as the price increases, the quantity demanded will decrease. d. none of the above. 30. The law of supply says: a. other things equal, the quantity supplied of a good is inversely related to the price of the good. b. other things equal, the supply of a good creates its own demand. c. other things equal, the quantity supplied of a good is positively related to the price of the good. d. none of the above. 31. A perfectly inelastic demand curve is: a. horizontal. b. downward sloping. c. upward sloping. d. vertical. 32. A trade-off involves weighing costs and benefits. a. true b. false 33. A perfectly elastic demand curve is: a. horizontal. b. downward sloping. c. upward sloping. d. vertical. 34. The second most important thing I’ve learned in class this term is: a. despair is not an option b. Donald J. Trump’s hair is real c. the use of cheese for skyscraper construction d. none of the above 35. T or F: Virtually any news item has important economic dimensions and consequences. 36. T or F: When studying economics, always think in terms of historical context. 37. This popular Asian country is populated by 1.3 billion people, has the world’s second largest economy, and uses a language that’s been in continuous use for nearly 5,000 years: a. Kentucky b. California c. Spain d. China 38. T or F: The top priority in my life right now should be my education and an internship experience. Without these, the job market is going to kick my butt! 39. Which of the following is a key side effect generated by the use of price ceilings? a. black markets b. products with too high of quality c. an excess supply of a good d. too many resources artificially channeled into the production of a good 40. Which of the following is NOT one of the four basic principles for understanding individual choice? a. Resources are scarce. b. The real cost of something is the money that you must pay to get it. c. “How much?” is a decision at the margin. d. People usually take advantage of opportunities to make themselves better off. 41. A hot mixture of pan drippings, flour, and water is commonly known as: a. interest rates and expected future real GDP. b. interest rates and current real GDP. c. inflation and expected future real GDP. d. gravy. 42. The example we used in class when discussing the inefficiency of quantity quotas was: a. Uber b. General Electric c. AT&T d. the KSU marching band 43. The term we learned in class signifying a key method of non-price competition is: a. excess supply chain management b. arbitrage c. swashbuckling d. product differentiation 44. When discussing market failure and the role of regulation in class, which company/product did we use as an example? a. Pabst Blue Ribbon b. JetBlue c. Blue Bell d. Blue Apron 45. Governments may place relatively high sales taxes on goods such as alcohol and tobacco because: a. such taxes are a significant source of revenue b. such goods exhibit inelastic demand c. such taxes may discourage use of these products d. all of the above 46. When discussing the cost of higher education in class, which country did we cite as an example of one that offers free college for qualifying students? a. USSR b. Rhodesia c. Czechoslovakia d. Germany 47. Which of the following is not an example of market failure we discussed in class? a. externalities b. public goods c. fungible goods d. common pool resources e. equity 48. T or F: As we discussed in class, the real reason why the US has lost jobs to China is the “most favored nation” (MFN) trading status granted to China by the US back in the 1980s. 49. The dude we talked about in class who coined the expression “invisible hand” and promoted self-interest and competition in his famous book “The Wealth of Nations” is: a. Abu Bakr al-Baghdadi b. Ali Khamenei c. Donald J. Trump d. Adam Smith 50. When studying for your final exams and attempting to allocate your limited time among several subjects in order to maximize your course grades (recall, we talked about this example during the first week of class), you’re almost unconsciously engaging in a form of: a. fraud b. miscellaneous serendipity b. mitosis d. marginal analysis

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ITM 220 – Excel Assignment, ver 5.1 Individual (not group) Effort Data Analysis with Spreadsheet Software (Excel) OVERVIEW – The purpose of this assignment is to give you a chance to demonstrate your understanding of data analysis tools available in today’s spreadsheets such as Microsoft Excel. You’ll be working with data extracted from an ERPsim game performed by ITM 220 students a few months ago. This is not data from our class, so when considering the performance of “your team” (use data for Team “H” as your team data) don’t be surprised that it is significantly different from what you may recall for our ERPsim game. APPROACH – 1. Begin with the data found in this Excel Workbook–Worksheet named “ERPsimRawData” 2. Use tools and techniques as we discussed in class to study the data: a. Autofilter (and Advanced Filter) b. Conditional Formatting c. Lookup Table (VLOOKUP) d. Pivot Table e. Charts (smart ones, please) 3. Create multiple worksheets to document your answers to the following questions: Q1. What were average Muesli prices (per box) in the 2nd round? Organize by product. Label your answer worksheet “Q1”. COMMENT: It is necessary that you use a pivot table and be sure to use a chart, as well. Q2. How does your company (Team H – Leipzig) compare to your chief competitors–Munich and Stuttgart–on product prices? Use the lookup function (VLOOKUP) to add city name to your raw data and then use city name in your answer. Label your answer worksheet “Q2”. COMMENT: A pivot table is expected–chart, too. Q3. Which team has the most total sales revenue for each round? Label your answer worksheet “Q3”. COMMENT: Pivot table is expected–chart, too. Q4. Fill in the missing data in the worksheet labeled “FinancialForecast” –similarly to what we did in class. Use Scenario Manager to build 3 scenarios for projected company financial performance: Best Case, Expected case, and Worst Case scenarios (as we did in class) by modifying the appropriate blue highlighted cells in the Assumptions area. (Only 4 of these such highlighted cells will be used. Right?) Create an appropriate (your choice) chart illustrating the Summary Table results. Label your answer worksheet “Q4”. COMMENT: Must use Scenario Manager and you should be able to answer using a single worksheet for summary table and chart (as we did in class). Q5. Duplicate (NOT copy/paste) the “FinancialForecast” worksheet on which you have entered your assumptions data for the Expected Case. Label this new worksheet “Q5.” Use Goal seek to determine the average daily Grocery Chains sales needed in order to achieve Earnings Before Taxes of 500,000 Euros in Round 1. Discuss the plausibility of attaining such daily sales (probably based on the result of your answer to question 4). (And notice that growth rates are irrelevant to answer this question since we are talking FIRST round.) COMMENT: This is very easy using Goal Seek. However, a manual solution using trial and error is possible. Please describe the technique you used. Note: If you need multiple worksheets to answer a question label them as “Q1a”, “Q1b”, etc. DELIVERABLE – When you’re done you’ll have one Excel file to submit using the Assignments link on Blackboard. See the syllabus for due date. Below are a couple of helpful reference tables (use for lookup function?).

ITM 220 – Excel Assignment, ver 5.1 Individual (not group) Effort Data Analysis with Spreadsheet Software (Excel) OVERVIEW – The purpose of this assignment is to give you a chance to demonstrate your understanding of data analysis tools available in today’s spreadsheets such as Microsoft Excel. You’ll be working with data extracted from an ERPsim game performed by ITM 220 students a few months ago. This is not data from our class, so when considering the performance of “your team” (use data for Team “H” as your team data) don’t be surprised that it is significantly different from what you may recall for our ERPsim game. APPROACH – 1. Begin with the data found in this Excel Workbook–Worksheet named “ERPsimRawData” 2. Use tools and techniques as we discussed in class to study the data: a. Autofilter (and Advanced Filter) b. Conditional Formatting c. Lookup Table (VLOOKUP) d. Pivot Table e. Charts (smart ones, please) 3. Create multiple worksheets to document your answers to the following questions: Q1. What were average Muesli prices (per box) in the 2nd round? Organize by product. Label your answer worksheet “Q1”. COMMENT: It is necessary that you use a pivot table and be sure to use a chart, as well. Q2. How does your company (Team H – Leipzig) compare to your chief competitors–Munich and Stuttgart–on product prices? Use the lookup function (VLOOKUP) to add city name to your raw data and then use city name in your answer. Label your answer worksheet “Q2”. COMMENT: A pivot table is expected–chart, too. Q3. Which team has the most total sales revenue for each round? Label your answer worksheet “Q3”. COMMENT: Pivot table is expected–chart, too. Q4. Fill in the missing data in the worksheet labeled “FinancialForecast” –similarly to what we did in class. Use Scenario Manager to build 3 scenarios for projected company financial performance: Best Case, Expected case, and Worst Case scenarios (as we did in class) by modifying the appropriate blue highlighted cells in the Assumptions area. (Only 4 of these such highlighted cells will be used. Right?) Create an appropriate (your choice) chart illustrating the Summary Table results. Label your answer worksheet “Q4”. COMMENT: Must use Scenario Manager and you should be able to answer using a single worksheet for summary table and chart (as we did in class). Q5. Duplicate (NOT copy/paste) the “FinancialForecast” worksheet on which you have entered your assumptions data for the Expected Case. Label this new worksheet “Q5.” Use Goal seek to determine the average daily Grocery Chains sales needed in order to achieve Earnings Before Taxes of 500,000 Euros in Round 1. Discuss the plausibility of attaining such daily sales (probably based on the result of your answer to question 4). (And notice that growth rates are irrelevant to answer this question since we are talking FIRST round.) COMMENT: This is very easy using Goal Seek. However, a manual solution using trial and error is possible. Please describe the technique you used. Note: If you need multiple worksheets to answer a question label them as “Q1a”, “Q1b”, etc. DELIVERABLE – When you’re done you’ll have one Excel file to submit using the Assignments link on Blackboard. See the syllabus for due date. Below are a couple of helpful reference tables (use for lookup function?).

ITM 220 – Excel Assignment, ver 5.1  Individual (not group) … Read More...
6. The primary operating goal of a publicly-owned firm trying to best serve its stockholders should be to a. Maximize managers’ own interests, which are by definition consistent with maximizing shareholders’ wealth. b. Maximize the firm’s expected EPS, which must also maximize the firm’s price per share. c. Minimize the firm’s risks because most stockholders dislike risk. In turn, this will maximize the firm’s stock price. d. Use a well-structured managerial compensation package to reduce conflicts that may exist between stockholders and managers. e. Since it is impossible to measure a stock’s intrinsic value, the text states that it is better for managers to attempt to maximize the current stock price than its intrinsic value.

6. The primary operating goal of a publicly-owned firm trying to best serve its stockholders should be to a. Maximize managers’ own interests, which are by definition consistent with maximizing shareholders’ wealth. b. Maximize the firm’s expected EPS, which must also maximize the firm’s price per share. c. Minimize the firm’s risks because most stockholders dislike risk. In turn, this will maximize the firm’s stock price. d. Use a well-structured managerial compensation package to reduce conflicts that may exist between stockholders and managers. e. Since it is impossible to measure a stock’s intrinsic value, the text states that it is better for managers to attempt to maximize the current stock price than its intrinsic value.

Answer: d