...Regina Vazquez BUSI 645 Individual Assignment #3 November 20, 2014 Discretionary benefits are an important commodity to both employees and employers. Today, it is expected to have some type of leave program and companies, although not required by law to have them, use these benefits to attract the best talent. They are also a way of rewarding good performance. Employees’ use of paid time off gives them the chance to rest and relax without having to worry about decreased pay. They then come back recharged and ready to excel, which benefits the company. “Most firms that provide high-quality benefits do so because they think it is the right thing to do and allows them to maintain a competitive edge with improved recruitment, retention, productivity, and morale” (Perrin et. Al, 2007, p. 1098). The problem lies with having a program that is flexible for the employees but yet doesn’t interfere with company operations. Abuse of leave programs creates an environment of mistrust and unexpected absences can cause delays and more work for co-workers. Firms must consider the many factors, such as number of employees, ages, and the type of work, when deciding what type of leave program to have. There is not a one size fits all design. For the employer, their ultimate goal is to have a leave program that prioritizes the organization’s goals first. Most companies have a traditional leave program whereas leave is separated into vacation days, sick days, and personal days. Vacation...
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...I will first instruct and enlighten the supervisors, and start sending summaries of the subject to all supervisors so they will be equipped to talk about unionization with his or her employees. Plan for monthly administrative meetings to embolden supervisors to arrange questions on unionization. It is important that management focus on the positive in the company, as well as informing their employees on the cost. Supervisor’s legal do's State that the company is opposed to the unionization of employees. State why it is unnecessary for employees to have a union at the company. Point out that while the union may make lavish promises to employees in order to obtain their vote, no such promises can be fulfilled unless the Company agrees there is a difference between a promise and a guarantee. Emphasize the financial obligations which employees have to assume if they join a union. Answer and refute as fully and factually as possible any false statements or misleading assertions made by the union. Point out the risks involved in being represented by a union, with emphasis on the possibility of strikes, the loss of earnings caused by strikes, that employees cannot receive unemployment compensation while on strike, and that employees could lose their jobs (i.e., be replaced, not fired) if they go on strike. Emphasize the wage rates and benefit programs that the Company has provided to employees without their having to pay union dues. Show employees articles about unions and...
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...Chapter 8: Profit Maximization and Competitive Supply CHAPTER 8 PROFIT MAXIMIZATION AND COMPETITIVE SUPPLY TEACHING NOTES This chapter begins by explaining what we mean by a competitive market and why it makes sense to assume that firms try to maximize profit. The chapter then covers the choice of optimal output in the short run, thereby revealing the underlying structure of short-run supply curves, the choice of output in the long run and long-run competitive equilibrium. Along the way, the concepts of producer surplus and economic rent are introduced, and the chapter ends with development of the long-run industry supply curve. Section 8.1 identifies the three basic assumptions of perfect competition and section 8.2 discusses the assumption of profit maximization as the goal of the firm. Students often find some of these assumptions to be unrealistic and/or very restrictive, so it is important to acknowledge that the world is more complex, but remind them that our goal is prediction. Although the world does not work quite as simply as the model of perfect competition suggests, the model predicts quite well even when some of the assumptions hold loosely at best. To put perfect competition in perspective, it can be helpful to give a brief overview of monopoly, oligopoly, and monopolistic competition before or after presenting the assumptions of perfect competition. Restrict this discussion to identifying the number of firms in the industry, product differentiation...
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...Mercosur: Present and Future Xiao Li Brenau University 02/20/2012 Mercosur: Present and Future Background Mercosur, known as the Common Market of the South, was founded by Paraguay, Uruguay, Brazil and Argentina under the Treaty of Asuncion signed in March 1991, which was amended and updated by the 1994 Treaty of Ouro Preto, it took effect on January 1, 1995 and formalised a customs union (Connolly, 1999). Mercosur’s headquarter is in Montevideo, Uruguay . Several other countries were admitted as associate members including Chile, Bolivia, Colombia and Peru. Venezuela is currently in the process of integrating into the bloc and it will become a full member once all members’ parliaments ratify its accession (Bosworth, 2011). Since it was established, Mercosur has made remarkable achievements. It is now South America’s leading economic integration organization and the world's fourth largest integrated market after the European Union, North American Free Trade Agreement and the Association of South East Asian Nations. Moreover, the scope of cooperation is expanding to other areas, particularly the political and diplomatic fields. Objectives Mercosur’s main objectives include: through the effective use of resources, coordination of macroeconomic policies, to strengthen the economic complementation and promote economic development, thereby improving people's living conditions, and promoting regional economic integration...
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...Linear Programming CHAPTER 6 SUPPLEMENT: Linear Programming Linear Programming is a problem solving approach that has been developed to help managers to make decisions. The following situations describe some typical applications of Linear programming: 1. Selecting a product mix in a factory to make a best use of machine- and labour-hours available while maximizing the firm’s profit. Slides prepared by Romulus Cismaru University of Regina Copyright © 2006 McGraw-Hill Ryerson Limited 6S-1 Copyright © 2006 McGraw-Hill Ryerson Limited 6S-2 Linear Programming some typical applications of Linear programming: Available Hours Product Standard Bag: price $10 (3 hour cutting; 2 hour Sewing ) Deluxe Bag : Price $9 (3 hour cutting; 2 hour Sewing ) How to maximize revenue? Cutting 630 hours Sewing 600 hours 2. Picking blend or raw materials in feed mills to produce finished feed combinations at minimum cost. 3. Determining the distribution that will minimize total shipping cost from several warehouses to various markets locations. 4. A manufacturer wants to develop a production schedule and an inventory policy that will satisfy sales demand in future periods. Copyright © 2006 McGraw-Hill Ryerson Limited 6S-3 Copyright © 2006 McGraw-Hill Ryerson Limited 6S-4 Requirements of Linear Programming Problems 1. LP problems seek to maximize or minimize some quantity (usually profit or cost). We refer to this property as the objective function of...
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...Face-to-face hand-in #4 Topic: Capital Assets – Part 2- Continued Walid Siyam (100530872) PART 1 FINANCIAL STATEMENTS For Part 1, use Westjet’s Group’s 2013 consolidated financial statements and the Annual Report. 1. What amount of intangible assets does Westjet report on December 31, 2013? What is the change over the prior year? On December 31, 2013 WestJet reported an amount of $58,691 for the Intangible assets. Has changed to an increase of $7,883 (58691-50,808 = 7883) from the prior year. 2. Types of intangibles-What is the composition of intangible assets? Prepare a table that details the categories and percentage/weightings of each type of intangible asset. For December 31, 2013 Types of Intangible assets | Details of categories | Percentage/weightings | Software | $25,833 | 44.02% | Landing Rights | $16,372 | 27.90% | Other | $5,785 | 9.86% | Assets under development | $10,701 | 18.23% | 3. What are WestJet’s 2 most significant components of Intangible assets? WestJet’s 2 most significant components of Intangible assets are * Software * Landing rights As both these assets weigh the most from the total Intangible assets and are 71.92% from the total weight of assets 4. Which of these intangible assets are amortized? On what basis? All of them are Amortized except for the ‘’assets under development’’. 5. What characteristics distinguish intangible assets from PPE? * PPE: Value...
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...THE Professional Practice S E R I E S James W. Smither Manuel London EDITORS Performance Management Putting Research into Action A Publication of the Society for Industrial and Organizational Psychology Performance Management The Professional Practice Series The Professional Practice Series is sponsored by The Society for Industrial and Organizational Psychology, Inc. (SIOP). The series was launched in 1988 to provide industrial and organizational psychologists, organizational scientists and practitioners, human resources professionals, managers, executives and those interested in organizational behavior and performance with volumes that are insightful, current, informative and relevant to organizational practice. The volumes in the Professional Practice Series are guided by five tenets designed to enhance future organizational practice: 1. Focus on practice, but grounded in science 2. Translate organizational science into practice by generating guidelines, principles, and lessons learned that can shape and guide practice 3. Showcase the application of industrial and organizational psychology to solve problems 4. Document and demonstrate best industrial and organizationalbased practices 5. Stimulate research needed to guide future organizational practice The volumes seek to inform those interested in practice with guidance, insights, and advice on how to apply the concepts, findings, methods, and tools derived from industrial...
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...1. Do you think Shafer’s plan to grow his small business slowly is a good idea? Why or why not? Yes, I believe that it is a good idea that he plants to grow his small business slowly. It allows him time to work out any kinks. He can also build better relationships with his customers and employees by starting out small and slowly working towards bigger. Shafer also doesn’t need anyone else’s permission to adapt to change. If he wants to change something in the design of the homes, he doesn’t have to go through a whole group of people to have it approved. 2. What economic and social factors seem to have aided Tumbleweed’s success so far? Which potential business challenges should Shafer consider as he plans for the future? One of the economic factors that have aided Tumbleweed’s success is the slowdown in the American economy in the last several years. With people making less money, there is a need for low-cost housing. Thus the more homes that are required, it provides more new jobs to the economy. The cost of renting an apartment versus owning a tiny home is huge. People would actually own home and could set it up virtually anywhere. It would also provide environmentally friendly homes to society. As Shafer plans for the future, he should consider the risk of failure due to the economy. He needs to take into consideration where the financial resources of the business will come from. Can the company handle another recession? Another potential challenge would be limited ability...
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...Bottom of Form Accounting Principles And Ethics Accounting Principles and Ethics Health care organization is a place where care is being offered, important organization, stabilit y and support. A healthcare facility is a place where patients have a desire to feel and see the unison and togetherness within the organization. Most health care organizations requires that the organization be consistent, and is mainly on one accord because of its needs on their patients and to supply the best care for different groups of people. A health care organization also needs a solid organizational financial management background. If the organizations processes the right financial management it let’s the people know that there is strength in the organization and it gives all who seek care a positive attitude. In order for a healthcare organization to have the right kind of financial management, reliability, and stability , there are some procedure that must be followed most use the Generally Accepted Accounting Principles, corporate compliance, and the value of ethics. When discussing General Accepted Accounting Principles (GAAP) it is describe as a set of accounting standards that are approved by many companies. GAAP principles are put together by a group that’s known as the Financial Accounting Standards Board. These rules and or principles are used to control the financial accounting of public companies. They are important for many reasons. The GAAP principles...
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...Dakota Stephens Professor Baker English 1301 9/13/13 Our Generation on Reading, Writing, and Critical Thinking Reading and writing are things that I am very well at. The difference is, I’m stronger in my writing skills than my reading skills. The reason for this is that when I’m writing I get so into my words and imagination to where my hand with the magical pencil does the talking. My skills in reading only depend on one thing, if it catches my attention or not. Stories have to get me involved with the story somehow in order for me to get interest. If it’s not catching my attention, I’m not reading it. But most importantly, critical thinking is what ties reading and writing together. I am very picky about the books and articles I read. Stories for me have to have a mystery or even sometimes a sappy love story. Of course I’m going to love romantic books because I’m a girl, right? Yet again, some love stories bore the living hell out of me because it’s a “typical” love story. Reading books just all depends on how the author grabs his reader’s attention and how he plays the story throughout the book. When I find a book that I’m interested in, I will read the entire novel. Or even something that is scary will keep hooked on the story. Scary stories are my favorites because the story just keeps my suspense in play. Celebrity gossip is definitely something that I get into reading. There is always something new with these celebrities. Since these celebrities are well...
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...BUSI 3704 A: The Environment of International Business Topic Review What does Population Ageing mean for International Business? December 2014 What does Population Ageing mean for International Business? (see also lecture notes on this topic) (1) Manifestations of Global Population Ageing (2) What is population ageing? (3) What are the patterns of population ageing across the world? (4) What countries are specifically affected by population ageing? (5) How do societies experiencing population ageing compare with those not experiencing the phenomenon? (2) Dynamics of Population ageing (a) What are the key factors giving rise to population ageing? (b) Who are the key actors in international business and public policy processes with regard to population ageing? (c) How do these key actors interact with each other? (d) What measures have been taken to mitigate against population ageing per se? (e) What measures have taken to alleviate the impacts of population ageing? (3) Impacts of Population Ageing (a) What are the short-, medium- and long-term impacts of population ageing on individuals? (b) What are the short-, medium- and long-term (economic, political, legal, social, cultural, technological, environmental, etc.) impacts of population ageing on societies/countries? (c) What are the short-, medium- and long-term impacts of population ageing on the international business environment? (d) What are the short-...
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...1 Mid-Term 1 EXAMINATION Summer 2013 DURATION: 2 HOURS Department Name & Course Number: BUSI 3001A Course Instructor(s) : Maurice, Jacques AUTHORIZED MEMORADA No. of Students: NonProgrammable Calculator Allowed Students MUST count the number of pages in this examination question paper before beginning to write, and report any discrepancy to a proctor. This question paper has 4 pages. This examination question paper MAY be taken from the examination room. no In addition to this question paper, students require: an examination booklet yes a Scantron Sheet yes no There are 40 marks available on this exam This exam comprises of 3 questions and has 4 pages. 2 Question 1 (30 marks) (90 minutes) On January 1, 20x1, Pastel Corporation acquired 70% of the outstanding common shares of Summer Company for $84,000 cash. On that date, Summer had $35,000 of common shares outstanding and $25,000 of retained earnings. On January 1, 20x1, the book values of each of Summer’s identifiable assets and liabilities were equal to their fair values except for a patent with 10 years remaining which had a fair value of $30,000 and a book value of zero. The following are the separate entity financial statements of Pastel and Summer as at December 31, 20x6: Balance Sheets December 31, 20x6 Pastel Assets Cash Accounts receivable Inventory Investment in Summer Equipment Accumulated depreciation Liabilities and shareholders’ equity Accounts payable Long-term debt Common...
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...BUSI 5200 2-13-12 ML Ch 5, Case 1 & 2; ML Ch 6, Case 1 & 2 ML Ch 5 Case 1 1. SU 2. SU 3. SU 4. SU 5. SA 6. SA 7. SU 8. SA 9. SA 10. SA 11. SA 12. SA Most instances create conflicts of interest that would require the disclosure of involvement. Examples in the case include; engaging in personal matters during business hours, using company resources for personal gain, and using employment status for personal gain. ML Ch 5 Case 2 1. I do believe that management err when they established the bonus system. The new system caused a conflict of interest as the doctors received a direct personal benefit from their actions of raising the index to receive larger bonuses. I don’t believe the bonus system is immoral, but the actions of the doctors were immoral and illegal. The hospital could have developed an ethics training program for the doctors to understand the company’s ethical standards and the issues could have been avoided. 2. I believe the bonus system created a response of unintended organizational abuse as the system caused a moral dilemma for the doctors and they were unethical and illegal in their acts. I believe the abuse was unintentional by the organization and was abused by the doctors. The bonus system could be improved by not linking the bonuses to the index rather linking the bonuses to performance standards instead; this would prevent the moral dilemma of artificially inflating the index. ML Ch 6 Case 1 1. Facilitating payments are considered...
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...Global Business Cultural Analysis: Brazil Liberty University BUSI 604 Abstract This research paper analyzes the effect of Globalization on the country of Brazil, and how its economy compares to other South American countries and the world. This review will provide factual evidence of the integration of the Brazilian products internationally, and how its economy has evolved to compete in the international markets. A Comparative summary of evidence will be provided in this analysis between the business culture of Brazil, North American, Central America, the Caribbean, and other South American countries economic framework. The framework of the origins of Brazil, and to the progression of the nation into one of the top economies; will be discussed in this assignment. A small glimpse of the picturesque country will be provided in the form of pictures, to give the reader a greater ability to visualize this country and its inhabitance. The major elements and dimension of culture is reviewed, and these dimensions are; what the major elements and dimensions of culture are in this region; how these elements and dimensions are integrated by the locals conducting business in this region; how these cultures and dimensions compare with U.S. cultures and business; and what the implications are for U.S. businesses that wish to conduct business in that region. This paper will review some of the desires of Brazil’s government to be one of the world’s leading...
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...Run the “Business Regulation” Simulation. Develop a 1,400-1,800-word paper (including tables) in which you do the following: a. Identify the key facts, regulations, and legal issues in the simulation. b. Based on the simulation, identify several of Alumina’s values and stakeholders. What are the conflicts among the competing stakeholders, and how does this constitute an ethical dilemma? c. Analyze risks presented. Considering alternatives not contained in the simulation, recommend a solution for Alumina and evaluate it in the context of Alumina’s legal position. Justify your recommended solution. d. How well does your recommended solution address the ethical dilemma identified in item b? How well does it align with Alumina’s values? Learning Objectives See Week 3 objectives listed in the rEsource material or module. Required Reading Read the materials for Week 3 on your rEsourceSM course page. Read Ch. 7, 13, 14, 15, and 17 of Business: Its Legal, Ethical, and Global Environment. Assignments Run the “Contract Creation and Management” Simulation on your own before meeting with your Learning Team. Identify the elements of a contract and specify where (or if) they are present in the simulation. For purposes of helping you to analyze the assignment, divide the Learning Team into two sides, one representing the party needing the software and the other representing the party designing the software. Each party should identify...
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