Category: Business & Finance

Prior to beginning work on this discussion, review , and review Chapter 1, Chapter 2, and Chapter 3 from the textbook, the lecture for Week 1, the , and the .

Think about the supply chain for Spoon University. Describe the different types of customers involved in the process. Distinguish among consumers, external customers, and internal customers.

Required Resources

Text

Evans, J. R., & Lindsay, W. M. (2017).  (10th ed.). Mason, OH: South-Western Cengage.

• Chapter 1: Introduction to Quality
• Chapter 2: Foundations of Quality
• Chapter 3: Customer Focus

Multimedia

VanguardScotland1. (2010, January 19). [Video file]. Retrieved from https://www.youtube.com/watch?v=edE0Cli943k

• This video lists and describes Demings famous 14 Points for Management and will assist you in your discussions this week.

Recommended Resource

Article

Platine, D. (n.d.). . Unpublished manuscript.

• This article provides information about the COPIS model where Customers buy Outputs made from Processes using Inputs received from S This reinforces the idea that the customer is the reason the business exists so we should be working to please the customer. This approach will be used throughout this course.

Prior to beginning work on this discussion, read Chapter 1, Chapter 2, and Chapter 3 from the textbook, the lecture for Week 1, the , and watch the .

Discuss how ideas from the different gurus covered in the reading can apply to Spoon University. How can the editorial team keep pace with their current production volume, and how can quality be improved by applying quality ideas from these experts?

Required Resources

Text

Evans, J. R., & Lindsay, W. M. (2017).  (10th ed.). Mason, OH: South-Western Cengage.

• Chapter 1: Introduction to Quality
• Chapter 2: Foundations of Quality
• Chapter 3: Customer Focus

Multimedia

VanguardScotland1. (2010, January 19). [Video file]. Retrieved from https://www.youtube.com/watch?v=edE0Cli943k

• This video lists and describes Demings famous 14 Points for Management and will assist you in your discussions this week.

Recommended Resource

Article

Platine, D. (n.d.). . Unpublished manuscript.

• This article provides information about the COPIS model where Customers buy Outputs made from Processes using Inputs received from S This reinforces the idea that the customer is the reason the business exists so we should be working to please the customer. This approach will be used throughout this course.

 

1.The four types of market structures we study in economics are perfect competition, monopoly, oligopoly, and monopsony.

True

False

 

2. The long run is considered to be the period when a firm’s inputs are mainly variable and at least one input is fixed.

True

False

 

3.The government regulates a pure monopoly by setting price where AVC (average variable costs) = D (demand).

True

False

 

4.Monopolies, since no close substitutes nor competitors exist, can price whatever they want and still maximize total revenues.

True

False

 

5.As competition increases in markets, the demand curve for products becomes more price elastic and downward pressure on prices tends to ensue.

True

False

 

6. As an imperfect competitor produces more and more output, we can assume that eventually marginal costs will continue to rise and marginal revenues to fall.

TRUE

FALSE

7. Generally speaking, consumer surplus will be highest in a perfectly competitive market structure.

True

False

 

8.The point where imperfect competitors will price their products and earn the highest level of total revenues is at the midpoint of the demand curve where total revenues are highest on the total revenue curve.

True

False

 

In general, we can expect higher barriers of entry for a monopolistically competitive market structure than an oligopoly market structure.

True

False

 

10. Monopolistic competition would represent the market structure within which Coca-Cola and Pepsi Cola firms operate.

True

False

 

11. The perfect competitor can produce as much as it wants or as little as it wants with no effects on market price whatsoever.

True

False

 

 

12. Oligopolies and monopolies attempt reduce output and raise price, thereby incurring overcapacity and waste to society.

True

False

 

13.Redistribution of income from wealthier individuals to lower-income individuals by government in the form of higher taxes and progressive tax systems actually tends to lower prosperity because it weakens the link between productive activity and the reward derived from it, encourages resources to flow into wasteful rent-seeking activities, as well as higher tax rates required to finance redistribution result in resources being devoted toward tax avoidance activities.

True

False

 

14. Decreasing the percentage tariff price on an imported good will result in greater market share for the foreign producer in the domestic country.

True

False

 

15.Which market structure can earn long-run economic profits?

a.

Perfect competition

b.

Monopolistic competition

c.

Oligopoly

d.

Monopoly

e.

c and d only

 

16. All firms produce where

a.

short-run profits are less than long-run profits

b.

average total costs are greater than marginal costs

c.

marginal revenues are greater than or equal to marginal costs

d.

marginal benefits are greater than marginal profits

 

17. A perfect competitor is a __________ and can earn economic profits ____________.

a.

price maker, never

b.

price maker, in both the short run and long run

c.

price taker, in only the short run

d.

price taker, in both the short run and long run

e.

price maker, in only the long run

 

18.The upward-sloping portion of a long-run average total cost curve is the result of

a.economies of scale.

b.diseconomies of scale.

c.diminishing returns.

d.the existence of fixed resources.

 

19. The law of diminishing marginal returns explains the general shape of the firm’s

a.

both short-run and long-run cost curves.

b.

the laws of diminishing returns has nothing to do with cost curves.

c.

short-run cost curves.

d.

long-run cost curves.

 

20. Which of the following labor resources will likely have the most inelastic supply schedule in the short run?

a.

construction laborers

b.

filling station attendants

c.

dentists

d.

sales clerks

 

21. If Congress suddenly passes legislation that required all U.S. workers to receive the same annual pay, we would expect

a.

less human capital investment.

b.

a shortage of workers to fill the least desirable jobs.

c.

a surplus of workers to fill the easy, desirable jobs.

d.

all of the above.

 

22. Economic profit

a.

does not exist in competitive markets.

b.

provides incentive for investors to undertake risky projects.

c.

motivates entrepreneurial innovation.

d.

does all of the above.

e.

is both b and c.

 

23.The demand curve of the perfect competitor is 

a.

downward sloping.

b.

upward sloping.

c.

perfectly inelastic.

d.

perfectly elastic.

24. An import tariff on an imported good will result in

a.

higher domestic consumer prices for that good.

b.

increased market share for the domestic producer.

c.

increased revenues for the domestic government. 

d.

deadweight losses to society.

e.

only a, b, and c.

f.

a, b, c, and d.

 

25. A nation benefits from international trade if it

a.

exports good for which it is a low opportunity cost producer. 

b.

imports more than it exports.

c.

exports more than it imports.

d.

imports goods for which it is a low opportunity cost producer.

CASE 7-2: United States of America v. Park (p. 166 in the text)

Do you think that Parks should have been charged with a criminal offense when he was not directly running the warehouse where the contaminated food was stored? Should he be convicted when he did not intend to hurt anyone? Discuss why or why not. What precedent does the court rely on in this case?

For one of your posts, do a little exploring online and discuss another white-collar crime story in the news. Include one source, properly cited in APA format

 Why is it important for HR management to transform from being primarily administrative and operational to a more strategic contributor?

Your discussion is to be submitted in 12-point Times New Roman font using APA format.  You must have a minimum of two sources to support your answer.

Students are required to post their primary response (200 word minimum).

  

Complete the Resistance to Change Questionnaire and view your results. Share your chart in the response. 

Resistance to change questionnaire. (n.d.). Retrieved from . If you are unable to take the online questionnaire, you can download the self-scoring version in .

Reflect on the following: 

1. Do you agree or disagree with these results?  

2. What areas seem accurate, which do not?  

3. Give an example of a change situation in which you were recently involved. 

Did you resist? Why or why not? What was the ultimate outcome?  

The Portfolio Activity entry should be a minimum of 400 words and not more than 750 words. Use APA citations and references if you use ideas from the readings or other sources. 

1) In a corporate, networked setting, should end users be allowed to install applications on their company workstations, whether the applications are on a DVD or downloaded from the Internet? Be sure to weigh security against usability.

2) For this assignment, you are asked to locate any company privacy policy. Some of the more popular ones might include GOOGLE, APPLE, or MICROSOFT, but you may elect to review another agency. In 3- 4 paragraphs, explain what you find to be the most interesting information contained in that privacy policy. At the end of your report, please include a LINK to the policy you have reviewed. 

3)   For your discussion board post please locate the latest annual report for a publicly traded corporation of your choice. Attach a link or copy of the annual report to your post. In your post describe what is found in an annual report. For example, what are the different sections that can be found in them from what you see? Lastly, be sure to locate the income statement, balance sheet, and cash flow statement. List in your post which pages you found these on. 

4)This week we are learning about financial statement analysis and how to compute various ratios. This is a great way to understand how a company is doing. However, what are some limitations of financial statements analysis? Meaning, what are some things which make financial statement analysis less reliable? Do some research on this and post your thoughts on what you find. 

5) For the week eleven discussion board I would like you to take a look at Problem 12-51 on page 548. That problem asks you to visit the website of Citibank and then to answer 4 questions. For this discussion board I ask each of you to pick a different publicly traded company. After researching the company answer the 4 questions listed. Be sure to provide specific details in your post that you found on the website for the company you chose. Be sure to provide a link to the website of the company you chose to use for this assignment.