Justification report part ii | English homework help

Assignment 2.2: Justification Report – Part 2
Due Week 5 and worth 150 points

In Part 1 of your Justification Report assignment, you built up the following sections: Problem Statement, Overview of Alternatives, Criteria, and Methods. In Part 2, you will revise Part 1 based on your instructor’s suggestions and add to it the following sections: Evaluation of Alternatives, Findings and Analysis, and References.

Use the basic outline below to draft your paper. Organize your responses to each question under the following section headings:

Evaluation of Alternatives (for Questions 1-3)
Findings and Analysis (for Questions 4-5)
References (for Question 6)

Using the provided template, write Part 2 of a single-spaced report in which you:

Include and revise the sections from Assignment 2.1 (Problem Statement, Overview of Alternatives, Criteria, and Methods) per instructor suggestions.
Research the two (2) alternatives (i.e. possible solutions) that you’ve identified in your Part 1 Evaluation of Alternatives section. Record bibliographic information during research.
1. Example: You might research other organizations that have attempted similar solutions to the problem you have identified and explore the results of those experiments.
Use what you discover in your research to evaluate each alternative by each of your five (5) criteria.
1. Example: If your research revealed that four (4) companies similar to yours increased productivity after allowing their workers to telework from home three days per week, you might conclude that one of your suggested alternatives – in this case, the option to telework from home three days per week – satisfies one of your criterion of “Productivity” as a high-potential solution to a problem you’ve identified (of decreased worker morale and productivity at Doe’s Electronics). However, additional research might frustrate a recommendation of this alternative if it is found to fall short of other criteria while a second alternative fares better. For instance, a telework alternative might be found to be too costly to implement; too frustrating for consumers who prefer daily, in-person customer service; or too divergent from the company’s brand, “Always there for you!”
Organize the assignment by your criteria. Explain in narrative form how each of your two (2) alternatives stacks up against your first criterion. Next, explain how each alternative stacks up against your second criterion, etc.
1. Example: An abbreviated outline of what this longer section might look like based on the above example is below (Note: Only the first two [2] of five [5] required criteria are included to give you a feel for the structure). Your researched findings, represented as circled bullets below, should be explained in two to five (2-5) sentences. Include in-text citations and follow up with References in APA style):
  Evaluation of Alternatives
  1. - Alternative A: Telework from home three (3) days per week
      - {narrate findings based on research article 1 here}
    - Alternative B: Offer two (2) extra Floating Holidays to each employee per year
      - {narrate findings based on research article 2 here}
  1. - Alternative A: Telework from home three (3) days per week
      - {narrate findings based on research article 1 here}
    - Alternative B: Offer two extra Floating Holidays to each employee per year
    - - {narrate findings based on research article 2 here}
Briefly summarize in narrative form the major discoveries that emerged from the Evaluation of Alternatives section.

Include a chart like the ones below to illustrate at a glance:

Figure 1: Alternatives Analyzed by Criteria

*Criteria*	*Telework Option*	*Floating Holiday Option*
Productivity	Very high	Negligible increase
Cost	Very high	Moderate
Company Image	Increased	Negligible increase
Worker Morale	Increased	Negligible increase
Practicality	Moderate	Low
*TOTAL Feasibility of Alternatives based on Criteria?**	Moderate to High	Low to Moderate

*Feasability = Capability of an alternative being carried out with success

Include an APA style (6th edition) References page that documents the two (2) sources (minimum) that you used and cited in-text in your Evaluation of Alternatives section. You may use secondary resources, or you may include one primary source and one secondary source. Remember that both in-text citations and References must be included (to avoid plagiarism) whenever you are directly quoting, summarizing, or paraphrasing researched material.

Your assignment must:

Be typed, single spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
Include a cover page containing the title of the assignment, your name, the professorâ€™s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

Support ideas or claims in body paragraphs with clear details, examples, and explanations.
Organize ideas logically by using transitional words, phrases, and sentences.
Use sentence variety and effective word choice in written communication.
Apply writing process strategies to develop formal business reports and / or proposals.
Use technology and information resources to research issues related to selected topics.
Write clearly and concisely using proper writing mechanics.

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July 1, 2023

5) What criteria are available in determining which of two alternate cost function estimates is better for a particular management decision?

A) goodness of fit

B) economic plausibility

C) the significance of the difference between the costs associated with the highest and lowest observations of the cost driver

D) the significance of the difference between the unit values for the highest and lowest observations of the cost driver

E) the goodness of fit and economic plausibility

6) Which of the following is/are one of the criteria used when a manager evaluates an estimated cost function for decision making purposes?

A) economic plausibility

B) goodness of fit

C) irrelevant high-low outliers

D) specifications analysis

E) economic plausibility and goodness of fit

7) In multiple regression, when two or more independent variables are correlated with one another, the situation is known as

A) heteroscedasticity.

B) homoscedasticity.

C) spurious correlation.

D) autocorrelation.

E) multicollinearity.

8) Multicollinearity exists when which of the following conditions is present?

A) At least two variables change due to changes in the cost driver.

B) There are at least two cost pools (usually separated for fixed and variable costs).

C) The underlying value of the coefficient can only be explained in relation to dependent variables.

D) There are two or more statistically significant observations of at least two independent variables.

E) Two or more independent variables are highly correlated with each other.

9) In regression analysis, the term independence of residuals means

A) the residual term for any one observation is not related to the residual term of any other observation.

B) the data exhibit serial correlation.

C) the data exhibit autocorrelation.

D) there is a systematic pattern of positive residuals.

E) there is a systematic pattern of either only positive or only negative residuals.

10) Larson's Stables uses two different independent variables in two different equations to evaluate the cost activities of training horses, trainer's hours, and number of horses. The most recent year's results of the two regressions are as follows:

Trainer's hours:

Variable

Coefficient

Standard Error

t-Value

Constant

913.32

198.12

4.61

Predictor Variable

20.90

2.94

7.11

r2 = 0.56

Number of horses:

Variable

Coefficient

Standard Error

t-Value

Constant

4,764.50

1,073.09

4.44

Predictor Variable

864.98

247.14

3.50

r2 = 0.63

What is the estimated cost for the coming year if 16,000 trainer hours are incurred and the stable has 400 horses to be trained based on the best cost driver?

A) $33,555.50

B) $99,929.09

C) $350,756.50

D) $335,313.32

E) $13,844,444.50

11) C. M. Chain was to manufacture 1,000 chain saws next month. Its accountant has provided the following analysis of the total manufacturing costs.

Variable

Coefficient

Standard Error

t-Value

Constant

200

143.88

1.39

Predictor Variable

400

183.49

2.18

r2 = 0.71

What is the estimated cost of producing the 1,000 chain saws?

A) $400,200

B) $284,142

C) $200,400

D) $18,000

E) $9,000

12) Goodness-of-fit measures how well the predicted values in a cost estimating equation

A) match the cost driver.

B) match the actual cost observations.

C) fit the coefficient of determination.

D) rely on the independent variable.

E) rely on the dependent variable

13) Which of the following statements about a high correlation between two variables s and t is FALSE?

A) s may cause t.

B) t may cause s.

C) They both may be affected by a third variable.

D) The correlation establishes an economically plausible relationship between costs and their cost drivers.

E) The correlation may be due to random chance.

Use the information below to answer the following question(s).

Bernie Company used regression analysis to predict the annual cost of indirect materials. The results were as follows:

Indirect Materials Cost Explained by Units Produced

Constant

$4,378

Standard error of Y estimate

$912

R - squared

0.9183

No. of observations

Degrees of freedom

X coefficient

2.35

Standard error of coefficient(s)

0.437525

14) The linear cost function is

A) Y =.$918 + 0.44X.

B) Y = $912 + $1.03X.

C) Y = $4,020 + $0.92X.

D) Y = $4,378+ $0.92X.

E) Y = $4,378 + $2.35X.