...in turn take individuals that are not gainfully employed and allow them to learn a trade, go to a community college or obtain a higher-level degree. Lastly, according to the Keynesian perspective, it is strongly suggested that the President lower taxes for the middle class. This should increase the aggregate demand by freeing up cash for families to use. Expectations The U.S. Economy is made up of the following categories of Unemployment, Consumer Income, and Interest Rates. Based on these factors consumers have their own expectations of how the economy should be and the government based on the data that they have privy to have their own expectations of the U.S. economy. In order to get the expert opinions of the U.S. economy, we must look at each category’s projection. According the Bureau of Labor 2012-2022 employment projection report, the total employment rate will increase 10.8 percent during this period. In this report it indicates that the labor force will be a slow growth thus projecting the GDP to increase by 2.6 percent annually. This percentage is “slower than the 3 percent or higher rate often posted from the mid-1990s through mid-2000s”. (Bureau of Labor The first recommendation is based on the Keynesian perspective and addresses government spending and taxes. It is the advisement of the team that the President consider increasing spending for educational programs to unemployed workers to obtain higher paying positions after school. This will in turn take individuals...
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...years. The analysis can be done as a group or you can assign parts to individuals and then report back to the rest of the company. An online version of the Situation Analysis is available in the Getting Started area. (customers want better performing products) and for size is -0.7 (customers want smaller products). At the end of Round 1 the center of the Traditional segment will have a performance of 5.7 and a size of 14.3. 5.0 + 0.7 = 5.7 and 15.0 - 0.7 = 14.3 Table 2 displays the segment center locations at the end of each round. Print the Perceptual Map Form in the Industry Conditions Report then use Table 2 to find the location of each segment center for Rounds 1 through 8. Mark the approximate locations on the form (see the example in Figure 1). Remember, the locations in Table 2 are the centers of the segment circles, not product positions. Product positions are reported on page 4 of The Capstone Courier. The exercises require two reports: The Industry Conditions Report and The Capstone Courier, which are available from the website’s Reports link. The Courier is also available from the Capstone Spreadsheet’s Reports menu bar. The Courier available at the start of Round 1 displays the results for Round 0, when all companies are equal. If you access the report from the website, use the Round 0 Courier for the Situation Analysis. The locations in Industry Conditions Report Table 2 reflect the segment centers at the end of the round. Therefore, the Round 0 positions...
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...the public policies or social welfare. In contrast, structural unemployment is occurred as a result of people’s inability to match their skills with existing job opportunities. The reasons for structural unemployment could be the changes in structure of the nation’s economy, which is a result of changing tastes and demand conditions or from changed production processes. Finally, cyclical unemployment occurs mostly during recessions when there is a lack of job opportunities (Arnold, 2013, p.140). Full employment occurs when the economy operates at an unemployment rate which is equal to the sum of seasonal, frictional and structural unemployment rate. In other words full unemployment could also be defined as the unemployment rate in an economy without the cyclical unemployment. This is because cyclical unemployment varies with the business cycles (Hall & Lieberman, 2012, p.556). Furthermore, even when the economy is at full employment there might be a small percentage of normal unemployment. This is because some people might change jobs and look for new ones. Another reason for this is because sometimes people do not immediately get jobs when they enter the labor market, they might have to wait for a period of time. Answer-2 According to (Jackson, 2008, p.9) the attack of 9/11 have had a great negative impact on the U.S...
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...82940 v2 Skilling up Vietnam: Preparing the workforce for a modern market economy Vietnam Development Report 2014 Main Report November 2013 2 | VIETNAM DEVELOPMENT REPORT 2014 - MAIN REPORT Contents Executive Summary ...................................................................................................................................... 7 Overview – Skilling up Vietnam: Preparing the workforce for a modern market economy ...................... 11 Skills and development in Vietnam ........................................................................................................ 11 Looking back: Vietnam’s shift away from agriculture and the role of education .............................. 11 Looking ahead: Modern jobs and changing skill needs ...................................................................... 13 What skills are in demand today (and will be in 2020)? ........................................................................ 15 Defining “skills”................................................................................................................................... 15 How are cognitive, behavioral and technical skills formed? .............................................................. 16 Preparing the workforce for a modern market economy .................................................................. 17 Step 1: Promoting school readiness through...
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...Flame School of Business A report submitted On SANDS CORPORATION ------------------------------------------------- ------------------------------------------------- In partial fulfilment for requirements of the course ------------------------------------------------- Written Analysis and Communication - I ------------------------------------------------- ------------------------------------------------- Instructor : Prof. Blah ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- Submitted by: ------------------------------------------------- Diya ------------------------------------------------- ------------------------------------------------- Date: 26th Aug 2014 Letter of Transmittal 21st August, 1961 From Diya Vice President, Sands Corporation To President, Sands Corporation Subject – Decision report after evaluating the options available for setting up a new plant either at Kimberly Street or Hampton. Sir Please find enclosed a detailed report on the current situation in the Sands corporation along with the report analyses, the current situation, the options available, the criteria for evaluation, recommendation and the action plan. It is recommended to set up the plant at the Kimberly street by the Sands corporation. Regards Divya U Executive Summary Located in the Clairmont, a large and a highly industrialized city...
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...used to gather historical economic date as well as forecast data; Bureau of Economic Analysis, Bureau of Labor Statistics, U. S. Department of Labor, U. S. Census Bureau, National Association of Purchasing Managers, Survey Research Center, University of Michigan, Standard & Poor’s, S&P 500, and the Federal Reserve. In the report we will focus on the Bureau of Economic Analysis, quantitative and qualitative forecasting, and Bureau of labor statistics. Bureau of Economic Analysis Bureau of Economic Analysis is the federal agency responsible for measuring the United States economy. BEA is responsible for what is produced, what is earned and how it is spent ("What Is the U.S. Bureau of Economic Analysis?" 2012). BEA provides a variety of economic statistics concerning national, international, and regional economic activity. BEA also provides statistics decisions that are influenced by government officials, businesspeople, households, and individuals. The Bureau of Economic Analysis contains both quantitative and qualitative forecasting factors. The Bureau of Economic Analysis is responsible for measuring the economy as well as providing quality information. The Bureau of Labor Statistics The bureau of labor statistics is a Federal agency that keeps track of labor market activity. The bureau of labor statistics measures the activity associated with the labor activities by collecting data via surveys and other methods, and analyzing data frequently to inform...
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...Analysis Report Case Study Number 1 The NY Fashion Company Prepared for Prepared by John July 2006 Table of Contents Summary of Case Study: 3 Item a: Maximize total contribution margins given the constraints 3 Item b: Sensitivity analysis of solution given 10,000 yards additional acetate. 6 Item c: Income statement 7 Item d: Unit profit using the volume-based costing method. 10 Item e: Unit profit using the activity based costing method. 11 Item f: Financial/economic explanation for the difference between the unit profits 14 Appendix – Case Study #1 A-1 Summary of Case Study: This case study concerns determination of an optimum product mix solution given a number of resource, demand, and production constraints for a clothing manufacturer. Sensitivity to change in one of the resource constraints is examined. An income statement is developed based on the optimum solution determined. Finally, the unit profit is calculated using both traditional volume based costing and using activity based costing; included is a discussion of the financial and economic reasons for the difference between the two results. The case study document is included as an appendix to this report. Because of difficulties presenting the TORA output files in a readable state as integral parts of this document, those output files are both embedded in the document represented as icons and they will be submitted as four separate files along with this report. With this...
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...transfer, harbouring or receipt of a person by such means as threat or use of force or other forms of coercion, of abduction, or fraud or deception for the purpose of exploitation." The definition on trafficking consists of three core elements: 1) The action of trafficking which means the recruitment, transportation, transfer, harboring or receipt of persons. 2) The means of trafficking which includes threat of or use of force, deception, coercion, abuse of power or position of vulnerability. 3) The purpose of trafficking which is always exploitation. In the words of the Trafficking Protocol, article 3 "exploitation shall include, at a minimum, the exploitation of the prostitution of others or other forms of sexual exploitation, forced labor or services, slavery or practices similar to slavery, servitude or the removal of organs. It is the modern day slave trade – the process of enslaving a person. (Free the Slaves). Exploitation of another human being is the...
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...table of contents Introduction 2 competitive advantage 1.0 2 human resources 2.0 4 technological progress 3.0 5 corporate social responsibility 4.0 6 conclusion 7 introduction| Globalisation in the last decades has attracted much attention and these days the pace and scale associated with the rapid emergence of global value chains as production processes is without precedent. Today more than ever, companies have more options in regards to where and how they produce their products, which target markets and consumers they should approach and how they should communicate with both their suppliers and buyers. Trade liberalization and more open economic policies have facilitated international economic integration and combined with technical advances (mainly in communications and transport) they lower costs and foster globalization further. Companies find the advantages of using various sites and source inputs globally thus becoming increasingly fragmented geographically and that was made possible by information and communication technology which allows the value chain to be sliced in various locations and help reduce costs. As information and communication technology enables the production of various services independent of location, globalization now involves more foreign investment and trade with many service activities becoming internationalized. The need to globalise value chains stems from a number of factors. The desire to become...
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...Economic Critique ECO/372 University of Phoenix Economic Critique Aggregate supply and demand are two of the most important elements to consider in all of macroeconomic, regardless of which of the many theories or models one applies. Understanding how various economic factors influence supply and demand is very important particularly vital to the government while determining economic policy. Factors like unemployment, expectations, consumer income, and interest rates all have an affect on the aggregate supply and demand. These factors will be discussed from both the Keynesian and Classical macroeconomic perspective. Current State of Unemployment, Expectations, Consumer Income, and Interest Rates Unemployment The unemployment rate has been steadily dropping over time. As of the summer of 2012 the unemployment rate was at 8-1/4 percent, and fell to a little below 8 percent as of January 2013 (Board of Governors of the Federal Reserve System, 2013). However, this improvement is still well above unemployment rates pre-recession. Also, a larger portion of the unemployed have been so for six months or longer (Board of Governors of the Federal Reserve System, 2013). In more recent months according to "Bureau Of Labor Statistics" (2013), “the unemployment rate edged down to 7.4 percent as of July 2013” (News Release USDL-13-1527 ). Economists try to interpret this information in order to better determine which way government policy should go. According economist, John...
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...The “Still Time to Raise the Bar: The Real Corporate Social Responsibility Report for the Hershey Company” published in 2011 by Global Exchange, Green America, International Labor Rights Forum details Hershey’s extensive labor and sourcing issues. The four biggest issues are transparency, sourcing, green washing and certification. The report shows that much of the cocoa used by Hershey is from West Africa, an area overrun with forced labor, abusive child labor and over all poor working conditions. Currently Hershey’s doesn’t have a system to guarantee that their cocoa is not coming from these farms. This ties in to their transparency issue. Hershey does not identify their suppliers, making it impossible to ensure that the cocoa is not harvested in appalling conditions. To combat this issue, many organizations are calling on Hershey to adapt to Fair Trade standards set by an independent Third Party group. Finally, Hershey has donated generously to local charities around the company’s headquarters and to programs in West Africa. However, the concerned customers are calling on Hershey to change their whole policies instead of just writing a check to make people believe they a socially responsible company. This “real CSR report” demands that Hershey enact a number of policies to improve their supply chain and benefit people around the world. The first demand is to take urgent action to eliminate vile labor standards that are in violation of international human rights standards....
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...MG514 Managerial Economics v 2.0 Project Submission The Feasibility Report presented before you will summarize two firms, the Whirlpool Corporation and General Electric Company detailing the industries, products, supply and demand, scope of production, cost structure, market condition impact and performance in which the industry can operate optimally. In regards to the hypothetical firm that has decided to set up a production plant. This report will explore the various aspects of the proposed project and a recommendation if whether the project is feasible. The Whirlpool Corporation and General Electric Company are in the industry associated in the manufacturing consumer durable “white goods” (Thefreedictionary.com, 2012). Whirlpool and General Electric are common household appliance brands and one of the products that every household carries is the typical standard household refrigerator or other derivative designs. The prevalent demand and supply structure in the industry of consumer durable white goods is that the global major appliance industry is expected to record close to 4% yearly growth in demand through 2015 to reach a volume of 400 million units. The United States white goods market is witnessing recovery due to recovery in the wider economy. Demand is expected to come from housing market recovery in 2015, and also because consumers are beginning to upgrade to superior equipment as income levels rise (Reportlinker.com, 2012). Shipments...
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...------------------------------------------------- Child labour in India From Wikipedia, the free encyclopedia Young boy stacking plates in Bangalore Child labor in India and rest of the world, per World Bank data. India is colored in green with 10-20% incidence levels, along with countries colored in red (30-40%) and black (>40%). Child labour in India is the practice where children engage in economic activity, on part-time or full-time basis. The practice deprives children of their childhood, and is harmful to their physical and mental development. Poverty, lack of good schools and growth of informal economy are considered as the important causes of child labour in India.[1][2] b The 2001 national census of India estimated the total number of child labour, aged 5–14, to be at 12.6 million.[3] Child labor problem is not unique to India; worldwide, about 215 million children work, many full-time.[4] In 2001, out of a 12.6 million, about 0.12 million children in India were in a hazardous job.[5]UNICEF estimates that India with its larger population, has the highest number of labourers in the world under 14 years of age, while sub-saharan African countries have the highest percentage of children who are deployed as child labour.[6][7][8] International Labour Organization estimates that agriculture at 60 percent is the largest employer of child labor in India,[9] while United Nation's Food and Agriculture Organization estimates 70 percent of child labour is deployed in agriculture and related...
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...Simulations Games And Experiential Learning in Action, Volume 2, 1975 OMSIM: AN OPERATIONS MANAGEMENT GAME George A. Johnson Idaho State University Thomas E. Hendrick University of Colorado INTRODUCTION This paper describes a new game oriented towards a production/ operations management environment called OMSIM [4] (Operations Management SIMulation). The authors have been developing and refining OMSIM for the past three years and are currently subjecting it to extensive classroom testing on over 400 students in nine course sections taught by four different instructors at the University of Colorado. The early responses from students are gratifying; most say that it is challenging, realistic, properly frustrating, and provides an integrating decision making experience. Our stimulus to build OMSIM was not caused by the absence of several excellent games which emphasize production/operations decisions; pedagogical simulators in this area have been commercially available for about six years. PROSIM [3] and The Decision Making Game [2] both appeared in 1969. A year later JOBLOT [1] was published, with PROSIM V [5] following in 1971. Having utilized [2], or attempted to utilize, [1], two of these games at the University of Colorado and reviewing the structure of the other two, we would characterize The Decision Making Game and PROSIM as games of beginning to moderate complexity, with JOBLOT and PROSIM V being classified as complex. GENERAL CHARACTERISTICS OF OMSIM OMSIM has been designed...
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...of poorly treated workers in China. When the New York Times published an expose about dangerous and abusive working conditions at Foxconn’s Apple production facilities, the paper started a wave of news coverage about labor abuses and inspired a number of activist groups to demand a “ethical iPhone.” Sensing the damage to its reputation and potential impact on sales, Apple has responded by inviting third party inspectors from the Fair Labor Association into its suppliers’ plants and Foxconn has announced that it’s giving workers a 16 to 25 percent raise. Unfortunately, neither raises nor inspections that double as photo ops will fix the system-wide problems that should bother us. By focusing their attention on Apple alone, both activists and press are minimizing the scope of abuses that are much worse at non-Foxconn facilities. If you were a fly on the wall at a Chinese electronic factory and could see everything without being detected, would it be the low pay checks given to the workers that really pulled at your heart strings? Or would it be: Abusive Supervisors: At many factories, workers are berated and verbally abused by their bosses in ways that wouldn’t even fly at a prison labor facility in the U.S. According to an investigation conducted by China Labor Watch (CLW), At Catcher Electronics, a supplier that makes phones and notebooks for Dell, Apple, Nokia, ASUS, Acer, Sony, Motorola and IBM, the supervisors often berate workers and even worse “the department head will...
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