Long-Term Operational Changes

In: Business and Management

Submitted By beto2182
Words 250
Pages 1
1. Determine whether each of the following is primarily a microeconomic or a macroeconomic issue:

i. Setting the price for a cup of coffee.
micro

ii. Measuring the impact of tax policies on total household spending in the economy
micro

iii. A household’s decision regarding whether or not to go on vacation

micro
iv. A worker’s decision regarding which job to accept

miro
v. Designing government policies to address issues with the social security program

macro
2. Determine whether each of the following is a positive or normative economic statement.
i. A 40-cent-per-pack tax on cigarettes will reduce teenage smoking by 10 percent.

ii. The federal government should spend more on diabetes research.

iii. Rising paper prices will increase book prices.

iv. The price of bagels at Bruegger’s is too high.

3. Determine whether each of the following would cause the United State’s PPF to shift inward, outward, or not at all:

i. A decrease in the average length of annual vacations



ii. An increase in immigration of foreign workers to the U.S.



iii. An increase in the average retirement age



iv. The migration of skilled workers to Europe



4. Determine whether each of the following would increase or decrease the opportunity costs for stay-at-home moms or dads (those who choose not to accept work outside the home). Briefly explain your answers.

a. Higher unemployment rates.



b. Lower average wages.



c. Higher demand for labor.



d. Lower income tax rates on wages earned.…...

Similar Documents

Long Term Short Term Financing

...Long-Term Short-Term Financing Gwen Florence University of Phoenix June 19, 2012 Long-Term Short-Term Financing Both new and established businesses will find it necessary to incur debts during the course of business operations. Financing may be sought for a multitude of reasons – like smoothing cash flow, purchasing equipment, or expanding operations. The choice between short- and long-term financing options should be determined based on each business’ individual needs. To make that determination, businesses also need to understand when each type of financing is appropriate. For financing needs over a period of a year or less, sort term financing can be used to inject capital into businesses (Ross, Thompson, Christensen, Westerfield, Jordan, 2001). Short term financing options include short-term loans, letters of credit, promissory notes, over drafting, and inventory loans. These options are often used by businesses to cover day-to-day costs like supplies, inventory orders, and wages. Due to the nature of their shifting demands, seasonal businesses in particular often use short term finance arrangements. An example of short-term financing is a company signing a short-term loan in order to purchase more inventories. Proceeds from sales of goods would be used to repay the loan. This is appropriate only if the capital required by the firm can be paid off within the loan’s timeframe. For financing needs over a...

Words: 353 - Pages: 2

Long-Term Operational Changes

...1. Determine whether each of the following is primarily a microeconomic or a macroeconomic issue: i. Setting the price for a cup of coffee. micro ii. Measuring the impact of tax policies on total household spending in the economy micro iii. A household’s decision regarding whether or not to go on vacation micro iv. A worker’s decision regarding which job to accept miro v. Designing government policies to address issues with the social security program macro 2. Determine whether each of the following is a positive or normative economic statement. i. A 40-cent-per-pack tax on cigarettes will reduce teenage smoking by 10 percent. ii. The federal government should spend more on diabetes research. iii. Rising paper prices will increase book prices. iv. The price of bagels at Bruegger’s is too high. 3. Determine whether each of the following would cause the United State’s PPF to shift inward, outward, or not at all: i. A decrease in the average length of annual vacations ii. An increase in immigration of foreign workers to the U.S. iii. An increase in the average retirement age iv. The migration of skilled workers to Europe 4. Determine whether each of the following would increase or decrease the opportunity costs for stay-at-home moms or dads (those who choose not to accept work outside the home). Briefly...

Words: 250 - Pages: 1

Long Term Care

...When a person requires someone else to help with physical or emotional needs over an extended period of time, this is long term. There are many benefits to long term care, and such needs may be required for many of the activities or needs that healthy active people take for granted and may include such things as walking, bathing, dressing, using the bathroom, feeding, meeting doctor’s appointments etc. This type of help might be due to a terminal condition, disability, illness, injury or the infirmity of old age. The need for long term care may only last for a few months or weeks or it may go for years. Some of the types of temporary long term care which may be for only weeks or months are rehabilitation from a hospital stay, recovery from illness, injury, surgery or terminal medical condition. Ongoing long term care may go for many months or years such as chronic medical condition, severe pain, permanent disabilities, dementia, ongoing need for help with activities of daily living. Long term care services may be provided in home of the recipient, in the home of a family member, at an adult day services location, in assisted living, hospice facility, or nursing home. Long term care is typically funded using a combination of sources included but not limited family members, Medicaid, long term care insurance, and Medicare. http://en.wikipedia.org/wiki/Long-term_care Health Canada. Long-Term Facilities-Based Care. Accessed 3 January 2012. World Health Organization.......

Words: 259 - Pages: 2

Long Term Goals

...3 Long Term Goals Within the next 5-10 years my long-term goals are get my masters in marketing communications, become a certified sports agent, and serve 2-3 years in the air force. I have chosen these long-term goals because these are the three aspects in my life I want to aim towards in order for me to become successful. These three will not only help me but also benefit me in an ample amount of ways. My first long-term goal involves with me getting my masters. Now in order for me to obtain my masters I first must obtain my bachelor’s in marketing communications. It will take a while but to it is worth it because I haven’t seen many people at my level go further with there college career and try to obtain a master’s. I feel as if, if I am one of those who aren’t like the rest and I actually obtain a master’s, it can give me an edge over a lot of others when applying for a job, because it looks well presentable on a resume. Becoming a certified sports agent is my secondary long-term goal for the next 5-10 years. Reason being is, well, long story short, I am a sports fanatic. I always loved watching all types of sports. And I have a great knowledge for it, especially for basketball. Basketball is a sport that I love, but I could never play the game as well as coach or debate about it in discussions with others. But I always wanted to be involved around it in my professional career. The thing with sports agents is that they can be an agent of a big time player...

Words: 508 - Pages: 3

Long Term Goal

... like to go into the field of nursing. In regards to nursing, my short term goals are related to education. I place an emphasis on education because I believe it is the vehicle that allows us to move forward in our lives. That being said, in the near future I hope to attend an accredited nursing program where I can receive an encompassing education through rigorous coursework and gain the knowledge and skills necessary to become a competent, vigilant nurse in a variety of clinical settings. (I know that this is your goal, but everyone applying to nursing school has this same goal. What are you most interested in learning (subjects, skills, personality characteristics you want to develop)?) In consideration of my long term goals, I must say that I don’t know what I hope to achieve. I say this not because I am an impulsive, reckless young adult, but rather because I do not know where I’d like to be or exactly what I’d like to be doing in ten or twenty years. (You can emphasize your willingness to devote yourself to healthcare and say that you're open to trying any and all areas of nursing, but I think your readers would like to see a little focus too. Even if it's just whether you want to work with children or adults, in America or overseas, in a school/nursing home/hospital/doctor's office, or whether you want to be a nurse that helps thirty people in a day/really gets to know the same two or three patients.)...

Words: 519 - Pages: 3

Long Term Conditions

.... Anticipatory care is a plan of the future that involves input from healthcare professionals, the individual and their families/carers to make a plan that sets out realistic goals (Scottish Executive 2010). Anticipatory care ensures that the best thing is being done for that individual so that the outcome is both positive and beneficial (Scottish Executive 2010). It sets out actions, interventions and responses that the individual wants following deterioration in their condition (Scottish Executive 2010). Most individuals with a LTC self- manage their own condition with help from family/carers and input from healthcare professionals (Department of Health [DOH] 2002). Self-management can be defined as the patient’s ability to handle the demands of a long-term condition (Carrier 2009), with the support of appropriate individuals and services (Scottish Executive 2008). Demands can include symptoms, treatment, physical and social issues and changes in lifestyle (Carrier 2009). Self-care includes activities tackled by an individual, their family and anyone else involved in their care, to help improve their quality of life, overall health, prevent disease, and limit their illness (Meerabeau and Wright 2011). Each of these definitions have a key component of person centered care, which is set out by the government (Scottish Executive 2007). An evolving model of healthcare has been introduced within the NHS, which is geared towards self-management and self-care (Meerabeau and...

Words: 3158 - Pages: 13

Long Term-Goals

...Real Estate Short and Long-Term Goals Debbie Pena Northcentral University Real Estate Short and Long-Term Goals This research includes short-term and long-term real estate goals. The short-term goals revolve around assisting people with low to moderate earnings to purchase "green" (environmentally friendly) feature properties without going over budget. Long-term goals include becoming certified in energy efficient programs called Leadership in Energy and Environmental Design, property management services, mortgage programs, and offering classes in credit counseling. The short-term goals will be directly applicable to the long-term goals. In order to meet the needs of the clients, the credit counseling and property management business will change from being a long-term goal to a short-term goal. Clients with imperfect credit (or no credit) need help in obtaining a home mortgage loan. The client might have enough salary to cover the monthly expenses, however, a low Fair Isaac Corporation (FICO) score can cause a loan to be declined. In order for a customer to be pre-qualified, their credit history must be evaluated and old "collections" paid. Proof of payment is sent to three credit bureaus (Equifax, TransUnion, and Experian). If, for some reason, the clients cannot be pre-qualified, they might need the services of a property management services (renting, or leasing) until the credit score is sufficient enough to qualify for a home mortgage loan. The...

Words: 1110 - Pages: 5

Holocaust Long Term Plan

...Using these four passages and your own knowledge assess the view that the holocaust was mainly the result of a long term plan by Hitler to eliminate the Jews Source A and B believe more that the holocaust was a short term plan that slowly developed due to the outbreak of the war and the general belief of cleansing of the population. Whereas source C and D believe that the holocaust was a long term plan by Hitler and that his mood or any other factor did not play a part in the mass genocide of the Jewish population in Germany and Europe and his main aim throughout the war was to look for a ‘final solution’. Source A talks about how late any action against the Jews, the source is implying that if this was a long term plan they why had Hitler waited so long to prosecute the Jews. The source believes that the outbreak of the war is one of the main factors that brought upon the prosecution of the Jews, originally Germany only had a small population of a few hundred thousand Jews but after Germany invaded Poland this figure drastically increased due to the Jewish population in Poland. It had added ‘several million Jews who were unable to leave the Reich’ this made it hard for any resettlement plans due to the large numbers; this meant physical annihilation looked much more desirable. Source A also gives the impression that Hitler never originally wanted to kill the Jews rather to resettle them this would lead to the conclusion that the holocaust could have been a...

Words: 1412 - Pages: 6

Long Term Care Facility

...Johnniece Harris Long Term Care Facility Joint Commission Accreditation Long term care facilities use Joint Commission Accreditation as a benefit to show the quality and commitment to the health care organization. A long term care facility that is Joint Commission accredited will have a more appealing look to reimbursement centers and to the patient and families that they care for. Having this accreditation is also a risk management tool. The likelihood of a bad outcome is reduced if a facility is accredited by the Joint Commission. There is a team put together to come up with accreditation standards and to make sure facilities stay compliant with these standards. Performance is evaluated to ensure standards are followed. Joint Commission accreditation has been around for many years. Most Long Term Care facilities today are not joint commission accredited. There are eligibility requirements that must be met in order for facilities to become accredited. A facility has to have beds licensed by the state as nursing home beds, excluding intermediate care facilities specializing in care for individuals with mental retardation and other developmental disabilities. Beds designated as long term care beds under a hospital license, excluding beds belonging to a long term acute care hospital and hospital swing beds. Beds, units or facilities certified by Medicare or Medicaid as skilled nursing facility beds. Beds, units or facilities designated as long term care by a...

Words: 606 - Pages: 3

Long Term Care Funding

...Long Term Care: The Public and Private Funding Debate Long term care is a growing need within the United States. Currently the U.S. population is 318.7 million with the older population comprising approximately 43.1 million in 2012. This amount is expected to jump to 88 million by 2050. Currently, 1 in every 7 or 13.7% to be exact, of the population is an older American. This amount increased by 24% between 2002 and 2012. This amount is projected to increase to 79.7 million by 2040. With advances in healthcare and other factors, persons reaching 65 years of age have an average life expectancy of an additional 19.2 years. Note: Increments in years are uneven. Source: U.S. Census Bureau, Population Estimates and Projections. ----- Sources: U.S. Census Bureau, Population Estimates, Vintage 1980-2012, National Estimates by Age, Sex, Race: 1900-1979 (PE-11) ; 2012 National Population Projections Summary Tables, Table 2. Projections of the Population by Selected Age Groups and Sex for the United States: 2015 to 2060, Middle Series. (NP2012-T2), Released December 2012; and Table 1. Projected Population by Single Year of Age, Sex, Race, and Hispanic Origin for the United States: 2012 to 2060, Released December 2012. Long term care can encompass many different facets. In general it is a range of services and supports that are done to meet...

Words: 3849 - Pages: 16

Long Term Care

...Professional Development Paper Angela Carroll N502-DD1: Health Care Systems Module 3 September 12, 2014 Contributing Factors Related to Failure for Advanced Planning of Long Term Care In today’s society of advancements in medical technology, Americans are living longer which increases the need for long term care. Older adults make up the largest population of those requiring long term care. The current percentage of older adults over the age of 65 is at 12.6% and is expected to increase to 19.3% by 2030. The population of adults over the age of 85 is also expected to increase by the year 2020 (Sultz & Young, 2011). With today’s older adult more than likely being divorced or without children will lead to older adults not having family caregivers. This can also lead to an increase demand of these adults requiring the use of long term care facilities and services. Therefore, one must look at the reasons why older adults and their families overlook the concept of saving for long term care. As a society, what can be done to increase awareness for the need of advance planning? One must understand the definition of long term care. “Long-Term Care involves the need for assistance, including prompting, with activities of daily living” (Calmus, 2013, para. 3). One factor contributing to the lack of advanced planning could be that the majority of long-term care is provided by family members which do not require pay. This can therefore lead to loss of household income...

Words: 2137 - Pages: 9

Long-Term Investment Decisions

...Long-term Investment Decisions Introduction Investment is the process of creating or purchasing possessions with the aim of gaining benefits in future. Therefore, making long-term objectives or decisions is necessary for any business that relates to investment. For the organization to yield returns and gain good performance in the market it must make good use of the financial resources available to acquire buildings, machines, or other assets that will enable smooth operation within the organization for a long period. A planning that the management needs to consider involves accessing many issues that face the business, and finally decide which issue to invest on depending on its urgency in the business. The issues that are encountered in the business vary depending on attitude, circumstances to risk, and particular age. Therefore, the management must take time to think about the issues before making decisions to avoid possibly costly mistakes. A Plan Used By Managers When Selecting Pricing Strategies In Order To Attain Inelastic In Their Products. It’s very crucial for managers to price their product in order to attain the potential or current customers in the market. As a result, the decision made by the management will determine the future progress or success of the business. For that reason, major strategies like employing pricing, safeguarding inelasticity in products, and many other strategies need to be established to ensure that products are retained by...

Words: 1918 - Pages: 8

Long Term Care

... homes, not traditional long-term care. Private long-term care insurance has been growing steadily since the mid-1980s, but finances <5% of total long-term care expenditures. The lack of public or private insurance coverage and the means-tested character of Medicaid means that out-of-pocket payments account for a large portion of long-term care expenditures” (Weiner & Tilly, 2002) Individuals may have to spend more of their retirement income on medical care and medications. Another area of concern with the increased needs for long-term care is the changes involved with the organization and delivery of healthcare. Unless one has a lifelong chronic illness, most of their healthcare needs are acute, with aging healthcare needs can shift from acute illness to chronic illness, therefore changing the delivery of care to managing multiple diseases. Diseases often become disabilities causing the need for long-term care. We will need more healthcare professionals to develope ongoing relationships with these patients to help them cope with their disease. In the future there, will be a greater need for healthcare professionals to care for the aging, especially nurses, nurse’s aids, home health aids, and personal care attendants. There is a shortage of nurses, and the future projections to the year 2020 show no increase, causing a decline of nearly 20 percent below the projected workforce requirements. I have spoke with nursing students at my present job, and they contend......

Words: 1698 - Pages: 7

Long Term Facilities

...Long-term care can have a different definition for each individual. Before taking this course my understanding of Long-Term Care was a community that the elderly would live in when not being able to take care of themself or not have a caretaker. However, having been able to obtain more knowledge on the subject, Long-Term Care can vary from Adult Day Care to Assisted Living. There are different options to choose from when having to choose a Long-Term Care facility for you loved one. An Adult Day Care is similar to a child day care. It is a facility where one can drop off a loved one while they are at work and can then pick them up at the end of the day. These facilities offer the amenities to socialize with one another and do activities that can strengthen their minds and increase mobility on their motor skills. During my college years, I had to participate in one of these facilities for an assignment and it was a great experience. Members would play dominoes, sew, and do plenty of arts of crafts. Another form of Long-Term Care is an Assisted Living Facility, this consist of a facility that can be mostly associated with an apartment complex. It can offer services as a regular living community with medical attention for those who require it. When comfortable with your living settings and are able to be fully independent, residents are able to upgrade their living arrangements. Only those who are able to independent with their ADL’s are able to living in this type of...

Words: 1551 - Pages: 7

Long -Term Investment Decisions

.... Evaluating, classifying, and ranking independent and mutually exclusive long-term investments are completed by using the framework provided through capital budgeting. It helps with the decision on how to allocate scarce financial resources according to the importance of a variety of investment proposals. Long-term investments decisions are based on cost-benefit analysis. The initial capital costs against and profits are compared during this process. Cost-benefit analysis is an important part of aligning investment decisions with the long-term goals of the company. Capital budgeting is used to determine the extension of cash flow risk associated with various investments. A company can ensure there are adequate compensating factors before attempting a capital investment. (Cole-Ingait, n.d.). Long-Term Investment Decisions 3 Plan For Rising Prices When Selecting Pricing Strategies If a company want to be successful, it must price the products properly. Correctly pricing products can increase the sales of products. If the pricing strategy is wrong, it can create problems that can be hard to overcome. Pricing the product involves identifying the target market, know and keeping track of the competitors’ changes, and understanding the relationship between price and quality. Poor pricing decisions can cause two things, underpricing and overpricing. When pricing it is important......

Words: 1792 - Pages: 8