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Business -content– A key skill in economics is the ability to use the theory of supply and demand to analyze specific markets. In this assessment, you will demonstrate your ability to analyze the effects of several “shocks” on the market for first class mail (e.g., letters). Pay Raise: Suppose postal workers are successful in obtaining a pay raise from the U.S. Postal Service. Will this affect the supply or the demand for first class mail? Why? Which determinant of demand or supply is being affected? How will this change the equilibrium price and quantity of first class mail? Explain your reasoning. (Be sure to identify which of the following apply: the cost of production, a change in technology, tastes and preferences, income, the price of substitutes or the price of complements affects equilibrium price and equilibrium quantity) Email and Text: Now consider the invention of email and text messaging. Explain how you imagine the invention of email and text messaging affected the market for first class mail? Why? Which determinant of demand or supply is being affected? How will this change the equilibrium price and quantity of first class mail? Explain your reasoning. (Be sure to identify which of the following apply: the cost of production, a change in technology, tastes and preferences, income, the price of substitutes or the price of complements affects equilibrium price and equilibrium quantity) Combine Cases 1 and 2: Suppose that postal workers get a pay raise and email and text messaging become common. What will the combined impact be on the equilibrium price and quantity of first class mail? Is equilibrium price or equilibrium quantity indeterminate? Explain your reasoning. PLACE THIS ORDER OR A SIMILAR ORDER WITH US TODAY AND GET A GOOD DISCOUNT
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Risk Management Problem Set -content– Supermarkets often receive damaged food products in shipments which they cannot sell to customers. Bill’s Supermarket is a small grocery store located in Cleveland. ShopAll is a large, multi-state supermarket in the Midwest. Bill’s receives 150 shipments per month. In the past four months, Bill’s received 35, 55, 65, and 45 shipments with damaged food products. ShopAll receives 10,000 shipments per month. In the past four months,ShopAll received 2,450, 2,850, 2,200, and 2,500 shipments with damaged food products. What is the probability of a shipment containing damaged food products for each business? Calculate the standard deviation and coefficient of variation of damaged shipments for the two businesses. Which business has greater risk concerning the occurrence of a damaged food shipment? The average amount of unsellable food for Bill’s is $25. Based on this past data, what is Bill’s Expected Loss for damaged food products next month? PLACE THIS ORDER OR A SIMILAR ORDER WITH US TODAY AND GET A GOOD DISCOUNT
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Sales goals -content– Discuss why sales goals are set and what would happen without them. what is realistic when creating a sales goal? What factors need to be taken into consideration? Why is each important? Based on this how would you conduct a performance evaluation? What qualitative and quantitative factors would be most important to you and why? PLACE THIS ORDER OR A SIMILAR ORDER WITH US TODAY AND GET A GOOD DISCOUNT
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Basic Productivity Applications -content– Your organization is anticipating the arrival of a new CEO or agency head. Management assigned you the task of preparing briefing materials for your new executive. They have asked you to provide key information in a well organized manner on the current status of human resources, budget, security, facilities, and IT. You are required to create a MS Word document that includes a separate section on each area. Be sure to use many of the features you have learned in the course, including using formulas for adding in tables, making changes to font size and style as appropriate for impact, adjust table column and row sizes, use appropriate colors in charts, insert graphics, insert hyperlinks, insert page numbering, insert headers or footers, and use SmartArt. To create this briefing document, include all of the following items under each topic: Overview – Create a coverpage with the name of your organization and date of the presentation – Write a brief paragraph describing the mission and objectives of the organization, its size, and the overall budget. Human Resources – Create a table showing each employee’s name, title, grade and salary Budget – Create a table showing all spending – Create a chart displaying that spending for each category Security – Show the security level for each employee and any other pertinent information Facilities – Show the address of each building location – Insert a photo for each building Information Technology – Describe the current IT system and network – Create a chart to show all software programs that are available PLACE THIS ORDER OR A SIMILAR ORDER WITH US TODAY AND GET A GOOD DISCOUNT
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