EXTRA CREDIT: Several presidential candidates and the current president come from a business background and argue...
Several Democratic Presidential candidates have promised to ban oil drilling on federal lands and waters. (1) Using supply-and-demand graphs, graph and explain what would happen to the price of oil if the US stops drilling on federal lands. (2) Using what you know about oil production, explain why the immediate impact of a drilling ban would not be the same as long term impacts. (3) The US produces about 12 million barrels of oil per day and consumes about 22...
Extra Credit - EOQ Problem A. What is the EOQ for a business that sells 5,000 units each year when the cost of placing an order is $5.00 and the cost of carrying costs are $3.50 per order? B. How long will EOQ last and how many orders are placed annually (two calculations)? C. As a result of lower interest rates, management determines that the carrying cost fell from $3.50 to $1.80/unit. What is the new EOQ and annual number...
Project Background In a recent regular quarterly meeting in June, several members of the Board of Directors of Crystal Fashion Group (CFG) have a big concern on the future business position and outlook of the company in view of the long-term trade dispute between USA and China. Also, the rising costs of manufacturing in China are eroding off the profit margin and undercut CFG’s competitiveness in the market. Seeing that quite a number of fellow fashion/ garment manufacturers have already...
FISCAL POLICY IN THEORY: March, 2020: we are on the verge of Congress and the President passing legislation that will empower the federal government to spend an unprecedented amount of EXTRA money not seen since World War 2 ---- in order to address the pandemic but also to help cushion the blow financially of perhaps ten or twenty million Americans --- or more --- losing their jobs, and thus suffering a drop in income. The scale of the 2020 recession...
Background to the question A pandemic has struck, and a government is trying to manage the response. QUESTION You have been hired as an economist to help consult on the government’s response. In your answer you should use appropriate models (and diagrams) studied in class. 1. Health officials have called for the government to enforce “social distancing” measures in order to slow the spread of the virus. Consider the market for food delivery (e.g., Deliveroo). The business of this...
Can you analyze for us what - from a conceptual angle - makes these examples a disruption? Also, in what ways could your own company be at risk of being disrupted? Be as precise as possible. 1) DVD rentals Vs Online Streaming: Companies working in the DVD rentals space have fallen prey to a burgeoning innovative disruption being created by the online streaming companies. For Example, companies like Netflix or Amazon Video Prime have come up with s different business...
Susan Thomas is the vice president for human resources at National Products, a manufacturing company with 500 employees. The company has an opening for a general manager in one of its product divisions, and the president asked Susan to review the backgrounds of three department managers who are interested in being promoted to this position. She is expected either to recommend one of the three internal candidates or to begin recruitment of external candidates. The internal candidates are Charley Adams,...
RUNNING A BUSINESS PART 4 (Questions are at the end) Inside the People Business at Finagle A Bagel People are a vital ingredient in Finagle A Bagel’s recipe for success. As a quick-serve business, the company strives for high turnover in food, not employees. In fact, careful attention to human resources management has enabled Finagle A Bagel to continue expanding its market share without spending money on advertising. Low work force turnover means less money and time spent on recruiting...
1. Year Nominal GDP GDP Price deflator Real GDP Inflation Rate Growth Rate 2008 $14,833.60 99.23 -- -- 2009 14,417.90 100.00 2010 14,779.40 101.21 2011 15,052.40 103.20 2012 15,470.70 105.00 2013 15,759.00 106.59 2014 17,420.70 108.27 2015 18,287.20 110.01 2016 18,905.50 112.08 2017 19,738.90 114.27 a. Fill in the blanks in the table above and show your work. b. Over this time period, does inflation...
Rice Products in Bangladesh Business behavior is derived in large part from the basic cultural environment in which the business operates and, as such, is subject to the extreme diversity encountered among the various cultures and subcultures. Here in particular we explore the necessity for adapting to cultural differences and how that can at times conflict with business ethics. This activity focuses on corruption, bribery, and ethics as it applies to adaptation. It deals with the concepts of ethics and...