Premium Essay

540 Midterm

In: Business and Management

Submitted By brewer051
Words 1280
Pages 6
Midterm
1. Opportunity costs are most simply defined as cost in terms of foregoing alternatives. This means what you potentially lose in making a choice for one thing in a decision. Stella would need to be aware that whatever resources she allocates to paying for the new car, will be removed from using them for other purposes. She should consider how much the car will cost in comparison with the other uses for her funds combined with the cost of another means of transportation. In short, for this to be a good choice, the cost of the car should be lower than the cost of the alternative uses + the cost of alternate transportation if she wishes to maximize this decision. http://wordnetweb.princeton.edu/perl/webwn?s=opportunity%20cost 2. In regards to which method should be used, I would make my choice based on the cost of the method. This means that I would be looking to put the cheapest labor option in to use. To determine this I calculated the cost of each option.
Method 1 Cost – 20x10 + 10x100 = $1,200
Method 2 Cost - 50x10 + 2x100 = $700
Method 3 Cost - 100x10 = $1,000
Method 4 Cost - 10x10 + 12x100 = $1,300
After determining that method 2 is the cheapest method, I would suggest that the trucker use method 2.
3. I feel that Enron’s biggest problem was the misappropriation of its profit and revenue. They did not do all they could to ensure that their fixed costs were covered while simultaneously managing their money. Instead they were victim of accounting fraud, frivolous spending, and corrupt management. Even simply replacing their upper management could have done wonders in preventing their fate. However, no amount of change can fix the damage that was caused by their misuse of company money for personal gain, and their all-around mindset (too big to fail).
4. I do not think these fixed costs can be ignored at all. However, if they must be ignored at…...

Similar Documents

Premium Essay

Midterm

...| MIDTERM IN ADMINISTRATIVE AND OFFICE MANAGEMENT | | | | | | | | ADMINISTRATIVE AND OFFICE MANAGEMENT (MANA 3023) Name: Date: (Family Name) (First Name) This examination is designed to measure your creativity and ability to apply newly-learned concepts. Answers should be in double space, font type is Arial, font size is 12. Let us assume you have just been appointed as a manager of an overseas recruitment office for skilled workers in Southeast Asian countries and that you has two (2) major deliverables: 1. A proposed manual on the recruitment system and procedures for approval of your foreign investor (financier). Please prepare a 5-page concept paper with an indicative outline of your proposal. Take into account, as inputs to your proposal, the characteristics of a well-designed system and work flow process chart cited in the reading materials distributed in class. 2. A proposed office accommodation and layout for with 25 personnel of which you are the manager. Prepare a 5-page concept paper with the proposed office layout. Attach as annex the table of organization (personnel structure) of your office. Assume that budget is not a problem, but remember that your foreign investor will subject your proposal to his review and approval. Please take into consideration the checklist for accommodation requirements and principles of layout enumerated in the reading materials distributed in......

Words: 2065 - Pages: 9

Free Essay

Midterm

...Soleil Gott 10/18/12 ENC1101; Midterm Exam Professor Prapopoulos Society can influence individual human behavior in many different ways. The influence possibly can be greater if the individual is week minded and not strong from within. The way society is can also influence the way someone becomes. Affirmative Action is something that is common in society today and is recognized a lot by others. “Affirmative action refers to policies that take factors including "race, color, religion, gender, sexual orientation, or national origin into consideration in order to benefit an underrepresented group "in areas of employment, education, and business", usually justified as countering the effects of a history of discrimination.”-Tori Sims. In the reading “Affirmative Action: The Price of Preference”, the writer talks about how being a black male affected him. It not only caused him a great difficulty of getting into college, but his children as well. Society negatively affects people so much they just want to escape from it all. The human mind is very much affected by other minds. We tend to think what others think; and create along the lines others have created. Individuality is to break out of this mode; to think differently and manifest what has not existed before. In fact, individuality is to think and create something out of nothing, which may be the process of creation itself. Within time, society is causing people to become more and more like each other.......

Words: 669 - Pages: 3

Premium Essay

Midterm

...high risk Correct Answer: high risk Question 19 0 out of 3 points Incorrect The approximate probability of a value occurring that is greater than one standard deviation from the mean is approximately (assuming a normal distribution) Answer Selected Answer: 68.26% Correct Answer: 15.87% Question 20 3 out of 3 points Correct The net present value of an investment represents Answer Selected Answer: the expected contribution of that investment to the goal of shareholder wealth maximization Correct Answer: the expected contribution of that investment to the goal of shareholder wealth maximization This midterm exam consist of 32 multiple choice questions and covers the material in Chapters 1 through 8. There are four questions from each chapter. Question 1 5 out of 5 points Correct The flat-screen plasma TVs are selling extremely well. The originators of this technology are earning higher profits. What theory of profit best reflects the performance of the plasma screen makers? Answer Selected Answer: innovation theory of profit Correct Answer: innovation theory of profit Question 2 5 out of 5 points Correct To reduce Agency Problems, executive compensation should be designed to: Answer Selected Answer: create incentives so......

Words: 2308 - Pages: 10

Premium Essay

Mba 540 Final Exam

...MBA 540 Final Exam 1. (10 pts.) Discuss how organizational architecture and corporate culture are related. Use an example of a real-life firm and discuss how its corporate culture blends with its organizational architecture. Organizational architecture and corporate culture should be intertwined within any successful company or organization. In the text, Brickley (2009), refers to organizational architecture as being three legs of a company: assignments of decision rights, 2) methods of rewarding individuals, and 3) the structure of systems to evaluate the performance of both individuals and business units. Organizational architecture is the framework of company departments such as managerial chain of command, the duty description and responsibility of each position. Corporate culture includes the ways work and authority are organized, the way people are rewarded and controlled for their work, as well as taboos, customers, heroes, slogans, and social rituals. The three elements of architecture help form the existence of how a culture is developed. A prime example is Merrill Lynch. Merrill is a well know investment company that manages the portfolio of investors. It suggested to its client to buy Info Space though, internally, analyst knew the stock had tanked in price. They were never upfront about selling the stock. Their ethical violations caused shockwaves in the investment community forcing other to ensure measures were in place to prevent a disaster. Merrill Lynch......

Words: 1651 - Pages: 7

Free Essay

Mat 540 Midterm Review

...Management Science Total Cost: Total Revenue: Total Profit: Break-even Point: Where: Example: Probability and Statistics: P(A or B) = P(A) + P(B) – P(AB) Where P(A or B) = probability event A or B or both will occur, P(A) = probability event A will occur, P(B) = probability event B will occur, P(AB) = probability that both event A and B will occur. Example: P(Negative Test Result or Not Pregnant) = P(Negative Test Result) + P(Not Pregnant) – P(Negative Test Result and Not Pregnant) = 16/99 + 14/99 – 11/99 = 19/99 Independent Events: A succession of events that do not affect each other. If A and B are independent, P(AB) = P(A)•P(B) Example: Flip a coin twice, the probability of a head followed by a tail is: P(HT) = P(H)•P(T) = (.5)(.5) = .25 Binomial Distribution: Example: Assume n= 20, p=0.1 P(r ≥ 5) – rejected. P(r < 5) – accepted. P(r < 5) = P(r = 0) + P(r = 1) + P(r = 2) + P(r = 3) + P(r = 4) P(r < 5) = P(r < 5) = 0.1216 + 0.2702 + 0.2852 + 0.1901 + 0.0898 = 0.9569 (accepted) P(r ≥ 5) = 1 – P(r < 5) = 1 – 0.9569 = 0.0431 (rejected) Expected Value: E(x) = Example: x P(x) x•P(x) 0 .10 0 1 .20 .20 2 .30 .60 3 .25 .75 4 .15 .60 ∑x•P(x) = 2.15 Normal Distribution: Example: Note: x = 400 is to the left of the mean in following example. Note: x = 19 is to the right of the mean in the following example. Decision Analysis: Maximax: First select......

Words: 439 - Pages: 2

Premium Essay

Jwi 540

...Assignment 2: FedEx Strategic Options and Opportunities Anthony Anderson JWI 540: Strategy Dr. John Dorociak 8/3/2014 Executive Summary This paper will provide discussion and analysis concerning various strategic options and opportunities as they relate to the FedEx Corporation (FDX) in their current industry market. Competition will be assessed to create an understanding of the current landscape of the industry from the perspective of traditional, potential, and oblique competitors in FDX’s current industry. FDX will then be analyzed utilizing the SWOT model that will be utilized to identify three strategic options in the current market that will foster corporate growth in the future. Once identified, each strategic option will be evaluated via three criteria based on three simple questions as follows: Is it big? Is it us? Is it time? After this evaluation is complete there will be one strategic option selected that best meets the selection criteria in totality. FedEx Corporation: The Competition Competition in the transportation market is intense both domestically and globally and is the heart of every organizations strategy within this industry. Freight and courier services are at a high demand throughout the world due to growing distribution channels, technology, and a marked increase in demand. Market volume and value......

Words: 1987 - Pages: 8

Free Essay

Midterm

...Midterm Paper Many artists base their songs on past experiences in their life. Many of them are happy, sad, controversial, and at times have no meaning to them. One particular artist has many of these themes hidden away in her music. Grimes is a renowned artist known for her Indie music. With her ethereal and ambient sounding tones, it is hard to differentiate actual lyrics and when her voice is actually the rhythm that is being heard in her music. Her song Oblivion is perhaps one of her most understandable when it comes to lyrics. Her song Oblivion has a story, poetic themes, and imagery. Grimes' Oblivion has story engrained in her lyrics. When the song starts, it has an upbeat electronic tempo in the begging. It sounds as though, it would not have any lyrics because of its heaviness. The first line of the song is as if it is an event going on in that moment. It’s almost like a moment in her life which she is recalling. Grimes sings (2012)"And now the walk about, after dark." It is assumed she is walking about at night. The she goes on to say "It’s my point of view", which assumes she has an opinion on walking about at night. It is confirmed when she goes on to say (2012)"If someone could break your neck. Coming up behind you, always coming and you'd never have a clue". That line is very gruesome, so there may be some underlying context to that line. Perhaps Grimes was assaulted at some point in her life or is making a general statement, that it is not safe at night.......

Words: 818 - Pages: 4

Premium Essay

Math 540

...code so that Strayer students may access labs successfully. Discussions To earn full credit in an online threaded discussion, students must have one original post and a minimum of one other post per discussion thread. Please note: Material in the online class will be made available on the previous Thursday. As it is always possible that students could lose their work due to unforeseen circumstances, it is a best practice to routinely save a working draft in a separate file before posting in the course discussion area. Professors hold discussions during class time for on-ground students. Check with your professor if any additional discussion participation is required in the online course shell outside of class hours. Tests Tests (quizzes, midterm and final exams, essay exams, lab tests, etc.) are available for student access and completion through the online course shell. Check the online course shell to determine how students are expected to take the tests. Do not change these questions or their point values in any way. This disrupts the automated grade book preset in the online course shell.   Online students are to complete the test by Monday 9:00 a.m. Details regarding due dates are posted in the Blackboard Calendar tool. On-ground students are to complete the tests after the material is covered and before the next class session. Assignments A standardized performance grading rubric is a tool your professor will use to evaluate your written assignments. Review the......

Words: 4119 - Pages: 17

Free Essay

Mat 540

...* uestion 1 4 out of 4 points | | | Problem 2:  Complete Template "HW15-2" under Student Center, Homework Templates and upload it here......Answer | | | | | Selected Answer: |  math 540 hw 15-2a.xlsx | | | | | * Question 2 0 out of 2 points | | | Problem 6a:  What is the Exponentially Smoothed MAPD?Answer | | | | | Selected Answer: |   11.6% | Correct Answer: | | Evaluation Method | Correct Answer | Case Sensitivity |  Exact Match | .166 | |  Exact Match | 16.63% | |  Exact Match | O.166 | |  Exact Match | 0.17 | |  Exact Match | .17 | |  Exact Match | 17% | |  Exact Match | 16.6% | | | | | | | * Question 3 4 out of 4 points | | | Problem 9:  Which method of forcast in part a, b, and c give the best forecast?Answer | | | | | Selected Answer: |   Exponentially smoothed forecast | Correct Answer: |   Exponentially smoothed forecast | | | | | * Question 4 2 out of 2 points | | | Problem 26A:  What is the Forecast if 30 permits are filed?Answer | | | | | Selected Answer: |   10.40 | Correct Answer: | | Evaluation Method | Correct Answer | Case Sensitivity |  Exact Match | 10.40 | |  Exact Match | 10.4 | |  Exact Match | 10.40 Sale | |  Exact Match | 10.40 Sales | |  Exact Match | Y=10.40 | | | | | | | * Question 5 2 out of 2 points | | | Problem 26B: What is Correlation coefficient?Answer | | | | | Selected Answer: |......

Words: 352 - Pages: 2

Premium Essay

Midterm

...Prof Smith Midterm 1301 1. Briefly discuss the political, ideological and military causes of the American Revolution. a. The colonist were confident in their local form of power that has been in function for over 150 years and therefor resented the parliament for stepping in and managing affairs without any representation of the colonies. Accumulate power – insulted – stamp act – sons of liberty – tar and feathers- stamp act congress(new york) came up with no taxation without representations inspired from Daniel Delaney “considerations” - b. The colonists justified their rebellion against the government based on the philosophy of John Lock, in which he wrote that the creation of government was formed in order to protect the natural rights granted to each human of life, liberty, and property. He therefore claimed that if the government violates these rights, the citizens have the right to revolt and claim what is theirs. Well read – drew from John Lock – glorious revolution =parlemant exiles stuarts and invited new dynasty - c. The colonist feared the pressures of a free standing army present and the monarchal environment it would create. Delcloratory act – colonists heckles soldiers leading to boston massacre – first black marder – john adams defends and wins 2. Briefly discuss the significance of all of the following: the Tea Act, the Boston Tea Party, the Coercive Acts, The First Continental Congress. - Tea act not repealed – merchents no longer......

Words: 1073 - Pages: 5

Free Essay

Midterm

...Midterm Paper This semester I have learned some valuable info about myself and the primary piece that I have learned is that I am anxious to begin my career. This stems from the fact that I will graduate with bachelors in December, and I am so anxious to begin my masters program which is the final obstacle that I must pass in order to officially reach my dream. If I was to make any changes it would be to complete my degree in four years right after high school, just to expedite the process, but who’s to say that I would be where I am now if I took that route. What I have learned about others is, that being in a senior filled class like ours many of us have the same anxiety that I have. Most are anxious to begin their respective careers and grow as individuals as they enter the next phase in their lives. As a collegiate basketball assistant coach I look to impact the lives of young males looking to further their academic and athletic aspirations; through instruction and guidance within the sport of basketball. After completing my bachelors degree I am looking to fill a graduate assistant coaching position at the division I level, in order to ensure that meet the desired qualifications requested from aspiring coaches of my stature. In the future I see myself as one of top names in college basketball as an assistant coach. I want to be a valuable and coveted asset to a program, but more importantly to prospective student athletes who are looking to be guided and shaped into......

Words: 466 - Pages: 2

Free Essay

Midterm

...MIDTERM EXAM NAS 364 FEDERAL INDIAN LAW FALL 2015 You have one week to finish this exam. It will be due by e-mail to marlon.sherman@humboldt.edu, no later than 5 PM on Wednesday, October 28. The exam will take the form of a legal memo, in which you brief me on the legal standing of our client, Joe Doe. I have provided some links to forms of legal memos that you might use, and there are other examples online. http://www.law.cuny.edu/legal-writing/students/memorandum/memorandum-3.html http://www.lawandborder.com/Academic/LW/LW--Samples/SampleMemoSTCL.pdf You will need to research the position of the individual whom you are representing. What are the positions regarding each party in this case – that is, The Corporation, John Smith and Joe Doe? To what extent do these individuals’ values reflect their positions toward the issue, toward the plaintiff, toward the tribe and toward the state? Would it make any difference whether this took place in a PL 280 or non-280 state? When you have determined the answers to these questions, begin your legal research and prepare to argue your case in court. You will need to analyze pertinent law as we have done in class, looking for facts, issues and analyses, just as the online memo templates suggest. When you mention a particular case, you must cite it using the following hint: Montana v. United States, 450 U.S. 544 (1981), 546. Remember, your boss is very lazy and hates research and has......

Words: 602 - Pages: 3

Premium Essay

Mat 540 Entire Course Latest Strayer

...MAT 540 ENTIRE COURSE LATEST STRAYER To purchase this visit following link: http://coursehomework.com/product/mat-540-entire-course-latest-strayer/ Contact us at: HELP@COURSEHOMEWORK.COM MAT 540 ENTIRE COURSE LATEST STRAYER MAT 540 WK 1 Homework Chapter 1,11 MAT 540 WK 1 Quiz 1 Chapter 1,11 MAT 540 WK 2 Homework Chapter 12 MAT 540 WK 2 Quiz 2 Chapter 11,12 MAT 540 WK 3 Assignment 1 – JET Copies Case Problem MAT 540 WK 3 Homework Chapter 14 MAT 540 WK 4 Assignment 2 – Internet Field Trip MAT 540 WK 4 Homework Chapter 15 MAT 540 WK 5 Midterm Exam MAT 540 WK 6 Homework Chapter 2 MAT 540 WK 6 Quiz 3 Chapter 2 MAT 540 WK 7 Assignment 3 Case Problem – Julia’s Food Booth MAT 540 WK 7 Homework Chapter 3 MAT 540 WK 8 Homework Chapter 4 MAT 540 WK 8 Quiz 4 Chapter 4 MAT 540 WK 9 Homework Chapter 5 MAT 540 WK 9 Quiz 5 Chapter 9 MAT 540 WK 10 Assignment 4 Case Problem – Stateline Shipping and Transport Company MAT 540 WK 10 Homework Chapter 6 MAT 540 WK 11 Final Exam Course Home Work aims to provide quality study notes and tutorials to the students of MAT 540 Entire Course Latest Strayer in order to ace their studies. MAT 540 ENTIRE COURSE LATEST STRAYER To purchase this visit following link: http://coursehomework.com/product/mat-540-entire-course-latest-strayer/ Contact us at: HELP@COURSEHOMEWORK.COM MAT 540 ENTIRE COURSE LATEST STRAYER MAT 540 WK 1 Homework Chapter 1,11 MAT 540 WK 1 Quiz 1 Chapter 1,11 MAT 540 WK 2 Homework Chapter 12 MAT 540 WK 2......

Words: 667 - Pages: 3

Free Essay

Mat 540

...Homework Set 7 Chapter 4 & 5 Math 540 Quantitative Methods 1 Eagle Taven. Work problem 12 on page 150. Post model in the following box. Post Excel output in the following box. a) Is this a max or min problem? Ans & Z value b) How much more would be made if you added 100 to the storage capacity? c) What is the shadow price of Rainwater? (5 points) 2 Southfork Feed Company. Work problem 26 on page 157. Force the mix to have 50 pounds of corn. Set up the model Paste the Excel Sheet Below Is this a max or min problem? What is the solution? We are forcing corn to be added to the solution. For each pound of corn added how much are we increasing the cost? (5 points) 3 Kreeger Grocery Store. Work problem 33 on page 214. Your brother-in-law runs store 6, force store six to stay open. Set up the model Paste the Excel Sheet Below Is this a max or min problem? What is the solution? Extra Credit (4 points) ...

Words: 297 - Pages: 2

Free Essay

Math 540

...JET Copies Case Problem page 1 Assignment #1: JET Copies Case Problem By: Jenna Kiragis Quantitative Methods 540 7/29/2012 JET Copies Case Problem page 2 Case Problem JET Copies is a copy business opened by James, Ernie, and Terri, three students who wanted to make it more convenient for other students in their apartment complex to get copies in a timely manner. After obtaining a copy machine for the business with a loan from Terri’s mother, the students soon began discussing the frequent breakdowns that may occur. It was then that the three decided they needed a backup copier. However, the students wanted to first have an estimate of how much money they would be losing if they did not have a backup copier (Taylor, 2010). This paper will discuss methods that simulate the number of days needed to repair the copier, the intervals between successive breakdowns, and the lost revenue for each day the copier is out of service. All of these methods together will simulate the lost revenue due to copier breakdowns over 1 year. JET Copies Case Problem page 3 In Excel, use a suitable method for generating the number of days needed to repair the copier, when it is out of service, according to the discrete distribution shown. Lost revenue of Jet Copies due to breakdown can be done by generating random numbers from different......

Words: 655 - Pages: 3

Read More | Die Erdnuss-Reaktion - The Peanut Reaction | Unforgettable