...Business Economics GM545 FALL TERM Chapter 15: Q14 There is a lot to be said about being a part of a national estimation or basic "guesstimation "in my mind. Any time there is a standard that is based on a calculation of how much the average versus the absolute, and then you are always going to have a situation where the guess may not be as all inclusive as needed be. When Richard Stone came up with the system to gauge how much is being spent in each household and funneling back into the market this was a "just-about" ingenious way to make sure we know what is going on in our economic basic structure. Coming up with a way to measure the expenditures of the Americans in comparison to other nations can be very useful when trying to figure out the needs that society may have and what it takes to fill the gaps however, this can take an unforeseen turn of events just as it did in the days of the great depression. The problem with accurate representation from a society that income fluctuates based on shortcomings in the ability to employ the employable is that income is never the same. There are businesses in this country that go unaccounted for and there are businesses that are being accounted for that is no longer in existence and this affects the estimation. If this information is not taken into account the numbers or end result will definitely be an inaccurate one. Just like in the days of the days of the Great Depression the information that was used to devise the...
Words: 1168 - Pages: 5
...Part 1-Micro Economic Principles Applied Why do people spend hours lining up outside stores to purchase the iphone 5, when there are so many cheaper alternatives available? In recent months, an observation was made about consumer behaviour when it came to the purchasing of the recently released model of the iphone 5, by Apple Inc. The devices cost start at $199 us dollars and require a two year service plan. Why then, would persons stand in line for days, to acquire this device? In examining the demand and supply of the said product, statistics were researched to gain a better understanding of the reasoning behind such behaviour, and the opportunity cost attached. Information attained by Apple showed that the iphone 5 demands outstrips supply, as pre-orders shattered previous records, and some customers having to wait over a month to acquire the device. More than 2 million phones were bought in the first 24hours after apple took pre-orders. Customers lined up at the 356 retail stores across the US for days in advance. Why then, even after the fact that the phone is readily available across the US, would consumers behave in such a manner? It would seem that the actual supply of the iphone was limited, hence affecting the demand for the product. The features of the phone were advertised to be not significantly different from the phones previous model. The significant interest of the product was as a result of pent up demand, as some customers had been holding off their purchases...
Words: 2991 - Pages: 12
...ECON212-1501B-03: Principles of Microeconomics Being in the floral business there are its ups and downs let’s take a real approach in getting a jump start on the competition. People are more enthused now a days to purchase their items earlier with set delivery days via email, phone or online purchases. To beat out the crowds our company will raise prices early for those who want to buy the flowers today instead of waiting until the last minute or the day of. Flowers aren’t a product that lives forever it’s more of a consumable, so they aren’t made to last. The latitude of deciding to purchase flowers or not is based highly on the timing of the year. With knowledge of the latitude of the year helps the company put together a set plan to supply the demand of products. Demand system models provides us as a company a clear picture of the consumer side of the market and attempt to provide the empirical insight into what drives changes in the purchasing behavior. Demand can be assumed completely exogenous to an industry and the industry just accepts the pattern of change. (Ward, 2003) Needing to understand the essentials of the products from the certain characteristics such as potted plants, Fresh cut flowers and the artificial flowers makes a company strong in different products offered to the customer. Flowers are generally used for what you may ask? Everyone knows the biggest time of the year for flowers is Valentine’s Day. A holiday that is celebrated around the world in every...
Words: 549 - Pages: 3
...Writing Assignment The World Factbook Mexico Economy - overview: Mexico is democratic country with a capitalistic economy or free market economy. It has plenty of natural resources and developing companies primarily own by the private sector it contains a combination of modern and outmoded industry and agriculture. Current management has increase competition in railroads, electricity generation, seaports, airports, natural gas distribution and telecommunication. The distribution of the income inside the country remains unstable. Regarding the free trade agreements, Mexico has with over fifty countries including Honduras, El Salvador, Guatemala, the European Free Trade Area, and Japan putting more than 90% of trade under free agreements. In July 2012 Mexico joined the pacific alliance with Chile, Peru and Colombia. The presidents Felipe Calderon productively pass pension and fiscal reforms in 2007. As the worlds demand for exports dropped Mexico’s GDP plunged 6.22% in 2009 asset prices dropped and so do remittances and investment. In 2010 the GDP growth was positive by 5.6% with exports, particularly by the United States, Leading the way. In 2011 growth slowed to 3.9% and recover to 4%. In 2012 Mexico’s legislature passed a labor reform which was signed into law by President Felipe Calderon by November. The new pact for Mexico was signed by the new president, Enrique Pena Nieto, along with the leaders of the country's three main political parties: the Institutional Revolutionary...
Words: 763 - Pages: 4
...Final Business Proposal: Healthcare Kiosks Nephateri White ECO/561 October 12, 2015 Nancy Irizarry Healthcare Kiosks Intro- The healthcare industry is an industry that has endless possibilities as far as innovation is concerned. This is why I think that improving the whole kiosk movement would be worth the capital for hospitals, pharmacies and other medicinal clinics to use. Not only are these industries taking advantage of kiosks, but so are colleges and universities to better help aid students. Kiosks have been introduced throughout the US as early as 2010 for the healthcare industry to utilize for patient check-ins and/or dispersing some medicines to patients. Let’s further discuss how this could be beneficial to the market. Market Structure- It is said that this is a new age for healthcare kiosks. So many people are adept to new and constantly changing technology. The health care industry is one that has proven to be recession free in terms of the business cycle stages. Unaffected by catastrophic events due to the industry making more in dividends and excelling in marginal revenue (Wunker, 2013). Healthcare self-service innovators such as Allscripts and Fujitsu, Clearwave, Nova Medical, HealthAsyst, MedHost, and Interior Health have turned to KIOSK’s custom design expertise to bring new patient check-in solutions to market (Kiosk, 2015). KIOSK’s ability to leverage modular design efficiency and integrate highly custom peripherals has provided these clients with...
Words: 1585 - Pages: 7
...BUSINESS PLAN: SOLAR PANELS INSTALLATION SITUATION B Report of Project 1 – Microeconomic Analysis Keller School of Management – DeVry University ECON 545 – BUSINESS ECONOMICS Prof. John Hinrichs January 28, 2015 1. Introduction This is a business report to evaluate the profitability and success of starting a contracting company for installing solar panels in 2015. The report was asked by Miss Cindy B. and it’s purpose is solely to provide Miss Cindy B. the most detailed and informed advice possible. In order to contextualize the type of business Miss Cindy B. wants to begin, the article “US boosts ‘game-changer’ solar technology in bid for global market share” – page 374 of the textbook – was studied and will be cited several times during this paper. Industry Overview The solar energy industry is growing in America, as can be seen by the increase in global demand for solar cells. The US Department of Energy is investing hard on the industry, offering over $12 billion dollars in loans to solar projects. A particular company called 1366 Technologies received a $150 million loan guarantee due to it’s new technology that promises to reduce drastically the costs of production of wafers for solar cells. Studies show that ‘1366’s machines simplify the traditional manufacturing process into one step, slashing costs by more than half. That’s important, since silicon wafers account for about 40 percent of the cost of today’s solar panels, and manufacturers...
Words: 3788 - Pages: 16
...Business Economics GM545 May 2012 Chapter 16 Question 5 According to our text book, frictional unemployment is used to describe he short period of time that people are unemployed between jobs. Usually it is when someone quits a job for another job that they want and there is a short period of time that the person spends between jobs. This time is referred to as frictional unemployment. Even when people quit their jobs and don’t have another one lined up it can still be referred to as frictional unemployment if they are able to find a new job within a short period of time. (Stone, Gerald. CoreEconomics. Worth Publishers, 07/2011. p. 443). Frictional unemployment is a natural part of the employment cycle. It shows us that there are choices for both employers and employees. Typically when the economy is expanding there are jobs available and people feel comfortable moving from one job to another without much fear of being unemployed for too long. Structural unemployment is the opposite of Frictional Unemployment and refers to the extended periods of time that people spend unemployed (Nayab, 2012) Both employees and employers benefit from the presence of frictional unemployment. Employers can choose from talented pool of individuals and employees can choose where they want to work from the different options available. This leads to people finding jobs that are better suited to their needs and skills. Also when people don’t feel stuck in...
Words: 721 - Pages: 3
...DEGREE REQUIREMENTS M.S. Business Economics A minimum of 33 credits are required for the degree Effective Fall 2011 ____________________________________________________________ ________________ (I) Economics Core (5 courses; 15 credits) Take ALL of the following courses: (A) Econ 7000X [700x](Option 2 and Option 3 students may take Busn 7206X [706X] -“Microeconomics for Business Decisions” -- in lieu of Econ 7000X), (B) Econ 7010X [710X], (C) Econ 7025X [725.1], Option 3 students only who took an undergrad course in calculus may, with permission of the Grad. Deputy, waive Econ 7025X and substitute a course from the Option 3 requirements listed below. (D) Econ 7020X [720X], and (E) Econ 7021X [721X] (Option 2 and Option 3 students may take Busn 7279X [779X] -- “Applied Business Research” -- in lieu of Econ 7021X). (II) Choose either Option 1 or Option 2 or Option 3 Option 1. Economic Analysis (394): Take a minimum of 18 credits (6 courses) from the following: Busn/Econ 7215X [711X]; Econ 7027X [727X]; Econ 7028X [728X]; Econ 7030X [713X]; Econ 7040X [711.1X]; Econ 7045X [715X]; Econ 7050X [730X]; Econ 7055X [735X]; Econ 7060X/HNSC 7144 [772X]; Econ 7090X [781X]; Econ 7095G [783G] (Permission Required for Thesis Research class). With permission of the graduate deputy chairperson, students may be allowed to take up to 6 credits of other courses to complete the 18 credit requirement in Option 1. Option 2. Global Business and Finance (339): Take a minimum of 18 credits (6 courses)...
Words: 567 - Pages: 3
...Tawanda | ID | : | 2013050011 | Birthday | : | 22/08/1991 | Assessment Data | Program | : | Bachelor of Business Administration Accounting | Center | : | Main Campus | Bulletin | : | 2010-2012 Bulletin | Date Start | : | 01/05/2013 | Date End | : | 31/12/2017 | Basis of Adm. | : | 2 'A' Levels Plus 6 'O' Levels | Observation | : | | Advisor | Name | : | Ndlovu, Ivonne Lec - Lecturer | Title | : | | Academic Variables | Admission Status | Date | Type | Document | 01/05/2013 | Regular | 1 | | Academic Status | Date | Type | Document | 01/05/2013 | Active | 1 | | Documents Control | Academic Record | 2013 1st Semester :: Main Campus | Mode / Type / Cond | Crd. | Grd. | Qpt. | | | MATH | 181 | Business Algebra | Reg / Core / regular | 3.00 | C | | | | INSY | 110 | Computers and Business Information Systems | Reg / Core / regular | 3.00 | B | 7.00 | | | CONV | 101 | Convocation [1st Year 1st Semester] | Reg / Core / regular | 0.00 | S | 0.00 | | | ACCT | 111 | Financial Accounting 1A | Reg / Core / regular | 4.00 | C | 8.00 | | | ORIE | 100 | Orientation | Reg / Core / regular | 0.00 | S | 0.00 | | | RELT | 215 | Philosophy of Christian Education | Reg / Core / regular | 2.00 | | 0.00 | | | MGMT | 155 | Principles of Management | Reg / Core / regular | 3.00 | B+ | 7.00 | | | ECON | 215 | Principles of Microeconomics | Reg / Core / regular | 3.00 | C+ | 6.99 | | | EDUC | 101 | Work Education...
Words: 610 - Pages: 3
...Department of International Business (2013) YEAR 1. Semester I Semester II |Course Code |Cour| | |CR|ECTS | | | | |se | | |ED| | | | | |Name| | |IT| | | | YEAR 2 Semester III Semester IV |Course Code |Cour| | |CR|ECTS | | | | |se | | |ED| | | | | |Name| | |IT| | | | YEAR 3. Semester V Semester VI |Course Code |Cour| | |CR|ECTS | | | | |se | |...
Words: 283 - Pages: 2
...that are sought after by organizations in the private, public and not-for-profit sectors. The CGA Program of Professional Studies gives you the tools to succeed in business, no matter where your career takes you. You’ll enter the workforce with the applied knowledge and demonstrated expertise that employers want, including specialized technical knowledge, sectorspecific competencies, problem-solving skills and the ethical integrity to lead. CGA’s competency-based curriculum is simply your best way to prepare for a rewarding career in financial management. Flexible study options and the freedom to choose the career you want CGA is all about choice. You choose the professional-studies path and real-world experience that best match your career goals and interests. We give you the skills and freedom to work in any type of organization, in any industry, at any level of management. With a CGA designation, your opportunities—both professional and personal, at home and around the world—are limitless. Take your place as a highly respected member of the business world. Karmen Rempel, CGA Manager Grant Thornton LLP Vancouver, British Columbia Why CGA? There are many reasons why CGA is the fastest-growing accounting designation in Canada. With CGA, you can: 1. Pursue unlimited career opportunities in the business or enterprise of your choice. 2. Develop the wide range of skills needed to take on leadership, senior...
Words: 4906 - Pages: 20
...Sports Management and Marketing Degree Requirements The four-year sport marketing and management program leads to the degree, Bachelor of Science in Kinesiology, with course work taken in conjunction with the Kelly School of Business. Students admitted to this program are selected from a pool of applicants. Admission to the program is limited. Graduation requirements include: * completion of general education requirements. * completion of sport marketing and management major requirements. * a minimum of 124 successfully completed credit hours which count toward the degree program. * a minimum 2.0 cumulative GPA. * a minimum 2.0 cumulative GPA in a combination of ANAT-A 215 and courses with the following department code-prefixes: HPER-A, HPER-D, HPER-K, and HPER-P. * No Pass/Fail except for free electives. General Education (20 – 39 credits) All undergraduate students must complete the IU Bloomington campus-wide general education common ground requirements. Such students must visit the 2012-2013 General Education Bulletin to view these requirements. Major (85-90 cr.) Sport Marketing and Management Foundation Requirement (15 cr.) Complete each of the following courses: ▪ HPER-P 211 Introduction to Sport Management (3 cr.) – FALL 2013 ▪ HPER-P 333 Sport in America: Historical Perspective (3 cr.) – SPRING 2014 ▪ HPER-P 392 Sport in American Society (3 cr.) ▪ HPER-P 405 Introduction to Sport Psychology (3 cr.) ▪ HPER-P 418 Sport Marketing...
Words: 1477 - Pages: 6
...Rev. Integr. Bus. Econ. Res. Vol 3(1) 382 Impact of Workplace Diversity Elizabeth Foma University of Guam School of Business and Public Administration P. O. Box 5169 UOG Station Mangilao, Guam 96923 efoma@uguam.uog.edu; drmayuk@yahoo.com Abstract Diversity is an important part that all employees have to deal with at one point during their careers. There are many positive aspects to diversity in the workplace, such as exchange of ideas because of the diverse cultures of employees, the development of friendship without discrimination, workers learn to cope up with the diverse environment, stereotyping is eliminated, retention of employees are more likely due to healthy competition. On the other side, there is are negative parts which includes communication gaps due to language barrier and resistance to change. Diversity is any dimension that can be used to differentiate groups and people from one another, in which these dimensions can be visible or invisible. The existence of workplace diversity, within an organization, indicates that the workplace is heterogeneous in terms of gender, race, and ethnicity, in which employees possess distinct elements and qualities, differing from one another (Robbins, 2003). Key words: Race, gender, inequality, ethnicity, organizations, discrimination, lifestyle. 1. Introduction Diversity is any dimension that can be used to differentiate groups and people from one another, in which the dimensions can be visible...
Words: 4247 - Pages: 17
...(CSU) General Education Breadth pattern (CSU GE) or the Intersegmental General Education Transfer Curriculum (IGETC for CSU). 3. Completion of a minimum of 90 CSU-transferrable quarter units (De Anza courses numbered 1-99) with a minimum 2.0 GPA (“C” average). 4. Completion of all De Anza courses combined with courses transferred from other academic institutions with a minimum 2.0 degree applicable GPA (“C” average). Note: A minimum of 18 quarter units must be earned at De Anza College. Major courses for certificates and degrees must be completed with a letter grade unless a particular course is only offered on a pass/no-pass basis. Associate in Science in Business Administration for Transfer A.S.-T. Degree The Business major consists of courses appropriate for an Associate in Science in Business Administration for Transfer degree, which provides a foundational understanding of the discipline, a breadth of coursework in the discipline, and preparation for transfer to any CSU that accepts the Transfer Model Curriculum (TMC). Students transferring to a CSU campus that does accept this degree will be required to complete no more than 60 (semester) units after transfer to earn a bachelor’s degree. This degree may not be the best option for students intending to transfer to a particular CSU campus or to a university or college that...
Words: 547 - Pages: 3
...Student Name______________________________________________ S. Id No___________________________________________________ S. Phone (w)________________ (h) ____________________________ B.B.A. – General Business Concentration S. alt. email ________________________________________________ Adviser ___________________________________________________ A. phone __________________________________________________ A. email___________________________________________________ 2010-2011 Catalog This plan is an unofficial document used for advisement only. How to use this program plan: Write the grade for the course that satisfies each requirement. If the student takes a course that is chosen from a list of possible courses, Circle the course number taken in addition to writing the grade. General Education: (60 hours) GGC or Grade Course Number & Title Transfer Area A - Essential Skills: (9 hours) (“C” or better) _______ _____ ENGL 1101 English Composition I _______ _____ ENGL 1102 English Composition II _______ _____ MATH 1111 College Algebra (or higher) Area B - Institutional Option (4 hours) _______ _____ ITEC 1001 Introduction to Computing Area C - Humanities/Fine Arts (6 hours) _______ _____ Choose one from the following: Additional Requirements (3-4 hours) Physical Education Requirement _______ _____ Wellness (1 hour) _______ _____ Additional Physical Education (2 hours) ________ ______ Regents Requirements – The requirements for US and Georgia History and Constitution can...
Words: 604 - Pages: 3
