*Instructions: Please review the attached files to include the pdf file on website address in #2. Review all files thoroughly and answer each questions with a minimum of 200-word count. Separate your answers by question numbers for an easier breakdown. Use APA format to include in-text citations and a reference page. NO OUTSIDE SOURCES, only sources authorized are from the ones I provided to include the website for TRA. Here is the reference for the course material attached: Sexton, R. L. (2013). Exploring economics (6th ed.). Mason, OH: South-Western, Cengage Learning. NO PLAGIARISM! No cover/title page required. Let me know if you have any questions or concerns.
1. Choose a market or industry that you think is close to perfectly competitive. Then, explain whether or not your choice meets each of the characteristics shown in Slide #5 in the attachments. Is the market really perfectly competitive? Can absolute perfect competition exist in the “real world?”
2. Take a look at the latest annual report for the Tennessee Regulatory Authority at:
(make sure you do a google search in order for the pdf. file to pull up)
What types of industries does Tennessee Regulatory Authority (TRA) regulate? Choose a specific company that would fall within one of those industries. Why is this firm (and others within the industry) regulated?
3. Do each of characteristics of monopoly shown on Slide #18 in the attachment apply to the firm you have chosen in question #2? Explain why or why not each characteristic would or would not apply to your firm.
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Son developed a unique internet marketing strategy (the “Strategy”) that could be worth millions. He asked Dad to “invest” $50,000 to “get the business going.” Dad transferred the $50,000 to Son, and Son insisted that Dad sign a document that simply stated, “I will run the whole show, but we are now partners in the OuterNet Company partnership.” As to this venture:
1. Does Dad have any property rights in Strategy?
2. How will the profits of the enterprise be allocated between Dad and Son?
3. Will Dad bear the first $50,000 of losses?
4. Does Dad have the power to bind the enterprise to contracts with third parties? Does Son?
5. What duties do Dad and Son owe each other?
6. What would be the capital accounts of Dad and Son if the partnership loses the $50,000 and then shuts down after six months because future marketing prospects look hopeless and the entity has no assets? At the time of the shut down, would Dad or Son have a financial obligation to the partnership?
7. Would Dad have any personal liability exposure if Son borrowed $150,000 in the name of OuterNet Company from a local bank, the bank had no knowledge of Dad’s involvement, and Dad did not know of the loan?
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Using the same company you chose for your Week 2 assignment, choose a product or service the company offers on which to focus. Company is AT&T
Identify the important attributes for your chosen product and select two key variables for your perceptual map.
Prepare a perceptual map for your chosen product/brand and using a minimum of seven competitors, rank each product/brand on the two variables based on how they are positioned in the consumers’ minds.
Explain why you placed each competitor on its particular spot on the map, and how you might strengthen your chosen product/brand’s position in the minds of the target market.
Create an 8- to 10-slide Microsoft® PowerPoint® presentation with notes including the following:
Develop a Summary slide.
Explain the target market (be specific and address all four segmentation variables – demographic, geographic, psychographic and behavioral).
Identify a Perceptual map.
Explain the Map placement.
Identify your references.
Format your assignment consistent with APA guidelines. Less than 10% plagiarism. Use template provided
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How are benefits designed for employees? Explain the types of benefits that are offered by employers. Should all employers have to offer benefits? Please explain.
The requirements below must be met for your paper to be accepted and graded:
Write between 700 – 1,000 words using Microsoft Word in APA style, see example below.
Use font size 12 and 1” margins.
Include cover page and reference page.
At least 80% of your paper must be original content/writing.
No more than 20% of your content/information may come from references.
Use at least three references from outside the course material, one reference must be from EBSCOhost. Text book, lectures, and other materials in the course may be used, but are not counted toward the three reference requirement.
Cite all reference material (data, dates, graphs, quotes, paraphrased words, values, etc.) in the paper and list on a reference page in APA style.
References must come from sources such as, scholarly journals found in EBSCOhost, CNN, online newspapers such as, The Wall Street Journal, government websites, etc. Sources such as, Wikis, Yahoo Answers, eHow, blogs, etc. are not acceptable for academic writing.
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Even the most intelligent manager is prone to personal biases and pitfalls that can lead to bad decisions. We all carry biases based on our personal experiences. And we can all fall into various traps that lead to decisions that seem perfectly logical at the time but in retrospect, we see that we should have known better.
In the background materials, including Bolland and Fletcher (2012); Kourdi (2003); and Hammond, Keeney, and Raiffa (2008); several specific decision-making biases and pitfalls are discussed. Collectively these are known as cognitivebiases. Some of the common pitfalls and biases discussed in these readings include overconfidence bias, confirmation (self-confirming) bias, sunk-cost bias, framing bias, and hindsight bias.
Carefully review all three of these readings and make sure you understand the different types of biases. Then read through the scenarios below and think about what kind of biases are demonstrated in each scenario. For each scenario, carefully explain which specific bias or biases is demonstrated by the decision and what can be done to avoid this bias in the future. Make sure to pick at least one specific bias that you read about for each scenario, and explain your reasoning. Use references to at least one of the three required readings from the background materials in your discussion of each scenario below. Your paper should be 4–5 pages in length:
The Chief Financial Officer (CFO) of a corporation is of the strong belief that marketing is not a good use of the company’s money. Someone shows her data from several years ago showing that during a period of high spending on marketing, sales did not go up. She says, “See, I told you marketing is not a good use of our budget!” and cuts the marketing budget to almost zero. Following the cut in the marketing budget, sales also start to drop dramatically. When asked by an employee if the drop in sales is due to the cut in the marketing budget, she says, “No!” and insists there must be a different explanation. What kind of decision-making bias do you think this represents, and why? What steps would you recommend to this CEO to reduce this kind of bias? Support your answer with references to at least one of the three background readings.
A CEO decides that he wants to greatly expand the company’s market by purchasing a major rival. This acquisition would double the company’s market share. However, several of his top managers warn him that such a purchase would require the company to take out a huge amount of debt to finance this merger, and that many of these large mergers have failed. They also point out that the organizational culture of the other company is very different and that managing this merger would be very difficult. Nonetheless, the CEO insists that he can overcome the odds and plans to go through with the merger. What kind of decision-making bias do you think this represents, and why? What steps should this leader take to avoid this bias? Support your answer with references to at least one of the three background readings.
A CEO wants to purchase a new factory. He is currently deciding between two factories. The owner of Factory A brags that 94% of products produced at the factory are free of defects. The owner of Factory B cautions that his factory has a 5% defect rate but management and staff are working very hard to reduce the rate. The CEO decides to purchase Factory A citing its strong 94% rate of success in producing defect-free products even though Factory B actually has a 95% rate of success. What kind of decision-making bias do you think this represents, and why? What steps should this leader take to avoid this bias?
A CEO of an automobile company decides to introduce a new hybrid vehicle using cutting-edge technology. A huge amount of money is spent in research and development as well as advertising. But when the car is completed sales are very slow and the price has to be cut so low that the company is losing money on every hybrid vehicle sold. She is advised to simply abandon the car to avoid further losses in profits, and focus her energy on selling profitable vehicles. However, she insists it is unwise to abandon the hybrid vehicle given that so much money has already been put into the project. What kind of decision-making bias do you think this represents, and why? What steps should this leader take to avoid this bias? Support your answer with references to at least one of the three background readings.
Conclude the paper with a discussion about which one of the decision-making biases you think is the most dangerous to a leader, and explain your reasoning.
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Access the article at http://contentcat.fhsu.edu/cdm/ref/collection/jbl/id/163. Please read the article, and submit a short essay (DO NOT EXCEED 1 PAGE) on how the strategy management learned will affect your strategic decisions in the future.
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Assignment 3:Ethics and Corporate Responsibility in the Workplace and the World Due Week 7 and worth 250 points
PharmaCARE (We CARE about YOUR health®) is one of the world’s most successful pharmaceutical companies, enjoying a reputation as a caring, ethical and well-run company that produces high-quality products that save millions of lives and enhance the quality of life for millions of others (Note: PharmaCARE is a hypothetical company that you will to compare to a real company as noted in the assignment criteria below). The company offers free and discounted drugs to low-income consumers, has a foundation that sponsors healthcare educational programs and scholarships, and its CEO serves on the PhRMA board. PharmaCARE recently launched a new initiative, We CARE about YOUR world®, pledging its commitment to the environment through recycling, packaging changes and other green initiatives, despite the fact that the company’s lobbying efforts and PAC have successfully defeated environmental laws and regulations, including extension of the Superfund tax, which was created by Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA).
Based in New Jersey, PharmaCARE maintains a large manufacturing facility in the African nation of Colberia, where the company has found several “healers” eager to freely share information about indigenous cures and an abundance of Colberians willing to work for $1.00 a day, harvesting plants by walking five (5) miles into and out of the jungle carrying baskets that, when full, weigh up to fifty (50) pounds. Due to the low standard of living in Colberia, much of the population lives in primitive huts with no electricity or running water. PharmaCARE’s executives, however, live in a luxury compound, complete with a swimming pool, tennis courts, and a golf course. PharmaCARE’s extensive activities in Colberia have destroyed habitat and endangered native species.
In preparation for this assignment, use the Internet or Strayer Library to research companies that have recently experienced negative consequences as a result of the company’s corporate activities. Compare the facts and consequences surrounding the companies you have researched to PharmaCare to support your response(s) to the criteria below.
Write a six to eight (6-8) page paper in which you:
Describe the key characteristics of a stakeholder and determine all the stakeholders within the PharmaCARE scenario.
Analyze the human rights issues presented by PharmaCARE’s treatment of the Colberia’s indigenous population versus that of its executives. Recommend at least three (3) changes PharmaCARE can make to be more ethical going forward.
Assess PharmaCARE’s environmental initiative against the backdrop of its anti-environmental lobbying efforts and Colberian activities. Support the position.
Decide whether or not PharmaCARE’s actions with respect to the indigenous people of Colberia would be ethical in accordance with each of the following ethical theories:
Utilitarianism
Deontology
Virtue ethics
Ethics of care
Your own moral / ethical compass
Compare PharmaCARE’s actions with those of at least one (1) real-world company, whose corporate activities led to ethical, environmental, or workplace safety issues and financial loss. Analyze the similarities and differences between PharmaCARE and the company that you chose.
Use at least three (3) quality resources in this assignment. Note: Wikipedia is not an acceptable reference and proprietary Websites do not qualify as academic resources.
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Identify four basic project delivery systems and compare them in terms of their advantages and disadvantages from a contractor’s point of view. (10marks)
Forum #7: The textbook suggests that it is important to retain a separate juvenile justice system from the adult system. Central to the argument is that the juvenile justice system should extend into an individual’s adult life due to adolescent development. Do you agree with this proposal? Debate among yourselves the pros and cons of extending the juvenile justice system well into adulthood.
Learning Objective: Synthesize the role of justice reform and its effectiveness; & Evaluate the effectiveness of current rehabilitation models.
Instructions: Each students answer to the question should be between 750-1000 words. A minimum of three APA 6th edition citations and references must be used in the development of your answer.
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