Bmgt 496 project 1 | Management homework help

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BMGT 496 – Project 1: News Event (20%)

Project 1 is due Tuesday at 11:59 p.m. eastern time of week 3 unless otherwise changed by the instructor.

Purpose: In the first assignment, you have the opportunity to see how ethics can play out in a real-world scenario. You will read the case scenario and answers the questions in a narrative format. Use headings for each question. Headings are not the question. You are required to use the course material to support your reasoning and the conclusions made.

Outcomes met by completing this project:

1. identify ethical issues that arise in domestic and global business environments using an understanding of ethical concepts and of legal and business principles

Case Scenario:

The outbreak of the COVID-19 pandemic required Americans to shelter in place thus causing the U.S. economy to freeze-up, resulting in millions of lost jobs. The U.S. Congress passed legislation to try and limit the economic damage. Included in the legislation was a stimulus package that would give $1,200 to single tax filers making $75,000 or less and $2,400 to married couples making $150,000 or less. The purpose of the payment was to give people emergency funds and to stimulate the economy. Also included was the CARES Act that provided the Paycheck Protection Program (PPP). The PPP was a program administered by the Small Business Administration that was targeted at small business. It provided for a government loan that was forgivable if used to pay employees’ salaries and benefits, mortgages, rent, and utilities. According to the SBA website, “[t]he Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll.”

USAA is a member-owned organization that provided insurance and financial services exclusively to current and former members of the military as well as their family members. USAA has an excellent reputation as a well-run organization and for giving its members good service. Many USAA members maintain checking accounts with it. Some of those members who have checking accounts had overdrawn their balances and had a negative balance in their accounts. When the $1,200 or $2,400 stimulus check were deposited, USAA used those amounts to offset the negative balances in some of its members’ accounts. Members were not informed in advance that this would be the case. This resulted in some USAA members not having any access to the stimulus money. The action USAA took in crediting the funds to existing account deficits was perfectly legal.

Shake Shack is a corporation that owns and licenses restaurants selling traditional American fare like hamburgers and milk shakes. It currently operates 124 locations in the U.S. and overseas. As of May 4, 2020, the company had a market capitalization of $2.06 billion. The company is publicly traded on the New York Stock Exchange. In 2019, Shake Shack’s CEO received $2.3 million in compensation. Shake Shack applied for and received a loan of $10 million under PPP. The loan was permissible under a provision in PPP the allows restaurant chains to apply when each location has fewer than 500 employees. Shortly after Shake Shack received the loan, the PPP ran out of funds and many small businesses did not receive loans.

Small Business Administration. (2020) Retrieved from https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program

How to Set Up the Paper

Create a Word or Rich Text Format (RTF) document that is double-spaced, 12-point font. The final product will be between 4-6 pages in length excluding the title page and reference page. Write clearly and concisely.

Create a title page with a title, the course number and section, the instructor’s name and your name.

Instructions:

Course Material

For this project, you are required to use the case scenario facts and the course material. External sources are not permitted. You are not researching on the Internet or using resources from outside the course. You are expected to answer the requirements identified below showing the connection between the case scenario facts and the course material. Using course material goes beyond defining terms and are used to explain the ‘why and how’ of a situation. Avoid merely making statements but close the loop of the discussion by explaining how something happens or why something happens, which focuses on importance and impact. In closing the loop, you will demonstrate the ability to think clearly and rationally showing an understanding of the logical connections between the ideas presented in a case scenario, the course material and the question(s) being asked. Using one or two in-text citations from the course material throughout the entire paper will not earn many points on an assignment. The use of a variety of course material is expected consistently supporting what is presented. The support must be relevant and applicable to the topic being discussed. Points are not earned for mentioning a term or concept but by clearly and thoroughly explaining or discussing the question at hand.

NOTE: If external sources are used, what is presented will not count and a penalty for following instruction will apply.

Project Requirements

Introduction

Write an Introduction paragraph. The Introduction paragraph is the first paragraph of the paper and will be used to describe to the reader the intent of the paper explaining the main points covered in the paper. This intent should be understood prior to reading the remainder of the paper so the reader knows exactly what is being covered in the paper.
Consider writing the introduction last to ensure that all of the main points are covered.

Ethical Issue(s)

Identify and discuss the ethical issue(s) related to USAA and Shake Shack

Stakeholders Implications

Identify the stakeholders involved in the actions of both companies.
Discuss the potential implications of the company’s actions on each stakeholder or stakeholder group. Give examples.

Kantian Viewpoint

Explain how Kant would view the actions of both USAA and Shake Shack.

Utilitarianism Viewpoint

Explain how a utilitarian would view USAA and Shake Shack’s actions.

Recommended Actions

Regardless of what these companies actually did, recommend the actions that you think they ethically should take. There is no right or wrong action, but rather it is about supporting the actions you choose from your ethical arguments.

Conclusion

Write a concluding paragraph that is brief and summarizes the main points. Provide specific information related to the major topics discussed in the paper.

Unit reading

-Your Person

OSHA’s Wall of Shame: Agency Targets ‘Severe Violators’

https://www.lexisnexis.com/legalnewsroom/workers-compensation/b/recent-cases-news-trends-developments/posts/the-top-10-bizarre-workers-compensation-cases-for-2015

-Your Psych

https://www.nfl.com/news/kareem-hunt-faces-more-than-baseline-six-game-suspension-0ap3000000994219

https://qz.com/1079344/the-silent-killer-of-workplace-happiness-productivity-and-health-is-a-lack-of-basic-civility/

-Your Money

https://www.shrm.org/resourcesandtools/legal-and-compliance/state-and-local-updates/pages/employers-payroll-debit-cards-.aspx

https://www.pwbcpas.com/new-overtime-rules-suspended-for-now/

https://www.nceo.org/articles/esops-too-risky-be-good-retirement-plans

-illegal discrimination

https://fas.org/sgp/crs/misc/R44204.pdf

https://www.hr.com/en/communities/legal/legal-discrimination-in-four-letters-bfoq_eacylj3d.html

https://www.businessinsider.com/how-can-hooters-hire-only-women-2015-9

https://www.lexology.com/library/detail.aspx?g=482b0e83-df69-443e-be11-dc60c8e7a2dd

https://www.fisherphillips.com/resources-newsletters-article-eeoc-settles-beef-with-restaurant

-legal discrimination

https://www.ttec.com/articles/hidden-obstacle-great-corporate-culture-unconscious-bias#.XApgKVFRepo

https://www.nbcnews.com/news/us-news/former-hooters-waitress-awarded-250-000-racial-discrimination-case-n337396

https://www.mcrazlaw.com/lifestyle-discrimination-is-it-legal/

https://www.aol.com/2012/11/19/8-ways-employers-can-discriminate-against-workers-legally/

https://www.wbal.com/article/108061/3/anne-arundel-medical-center-wont-hire-smokers-in-the-future

https://www.forbes.com/sites/kimelsesser/2018/09/05/pay-transparency-is-the-solution-to-the-pay-gap-heres-one-companys-success-story/?sh=5a1830495010

https://www.foley.com/en/insights/publications/2017/05/employers-must-use-caution-when-basing-pay-decisio

https://www.economist.com/business/2015/08/20/when-workers-are-owners

https://www.eeoc.gov/laws/guidance/employee-rights-when-working-multinational-employers

https://www.theguardian.com/world/2017/nov/20/eu-to-push-for-40-quota-for-women-on-company-boards

https://www.bbc.com/news/world-europe-39264845

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July 1, 2023

44) The figure above shows the production possibilities frontiers for the United Kingdom and France. What is the opportunity cost of one bushel of wheat in France?

A) 1/4 of a pound of fish

B) 4 pounds of fish

C) 1 pound of fish

D) 100 pounds of fish

E) 2 pounds of fish

45) The figure above shows the production possibilities frontiers for the United Kingdom and France. What is the opportunity cost of one bushel of wheat for the United Kingdom?

A) 1/4 of a pound of fish

B) 1/2 of a pound of fish

C) 1 pound of fish

D) 200 pounds of fish

E) 2 pounds of fish

46) The figure above shows the production possibilities frontiers for the United Kingdom and France. If the United Kingdom and France specialize and engage in trade, the United Kingdom will produce ________ and France will produce ________.

A) wheat; wheat

B) wheat; fish

C) fish; wheat

D) fish; fish

E) both wheat and fish; both wheat and fish

47) The figure above shows the production possibilities frontiers for the United Kingdom and France. If the United Kingdom and France specialize and engage in trade, the United Kingdom will export ________ and France will export ________.

A) wheat; wheat

B) wheat; fish

C) fish; wheat

D) fish; fish

E) nothing; nothing

48) What is gained when people engage in specialization and trade?

A) Specialization and trade allow people to consume outside their individual production possibilities frontiers.

B) Specialization and trade allow people to consume inside their production possibilities frontiers.

C) Specialization and trade allow people to consume at a point on their production possibilities frontiers.

D) Specialization and trade allow people to produce outside their individual production possibilities frontiers.

E) There are no gains from specialization and trade.

49) Gains from trade

A) occur when one party to the trade has an absolute advantage in both goods.

B) result in being able to consume beyond the trading individuals' production possibilities frontiers.

C) occur when people do not specialize.

D) occur when opportunity costs are equal.

E) always benefit one party but not the other party of any trade.

50) Consider the United States' production of soy beans and running shoes. If the United States has an absolute advantage in the production of both goods compared to China,

A) both countries can gain from trade.

B) only the United States can gain from trade.

C) only China can gain from trade.

D) each country will be able to produce at a point beyond its PPF.

E) only the United States will be able to operate beyond its PPF.

51) To achieve gains from trade, a country

A) needs to have an absolute advantage in the production of all goods.

B) specializes in the producing a good in which it has a lower opportunity cost.

C) must produce at a point beyond its PPF.

D) should produce at the midpoint of its PPF.

E) needs to have an absolute advantage in the production of at least one good.

52) Specialization and trade

A) does not benefit anyone.

B) allows nations to produce inside their individual production possibilities frontier.

C) allows nations to consume combinations of products that are outside their individual production possibilities frontier.

D) shifts the production possibilities frontier inward.

E) shifts the production possibilities frontier outward.

53) The United States is one of the richest nations in the world,

A) so it does not need to trade with poor nations in order to achieve any gains from trade.

B) so it might not have a comparative advantage in producing any goods.

C) but it can still benefit from specialization and trade.

D) so it must have a comparative advantage in the production of all goods.

E) so it must have an absolute advantage in the production of all goods.

July 1, 2023

44) The figure above shows the production possibilities frontiers for the United Kingdom and France. What is the opportunity cost of one bushel of wheat in France?

A) 1/4 of a pound of fish

B) 4 pounds of fish

C) 1 pound of fish

D) 100 pounds of fish

E) 2 pounds of fish

45) The figure above shows the production possibilities frontiers for the United Kingdom and France. What is the opportunity cost of one bushel of wheat for the United Kingdom?

A) 1/4 of a pound of fish

B) 1/2 of a pound of fish

C) 1 pound of fish

D) 200 pounds of fish

E) 2 pounds of fish

A) wheat; wheat

B) wheat; fish

C) fish; wheat

D) fish; fish

E) both wheat and fish; both wheat and fish

A) wheat; wheat

B) wheat; fish

C) fish; wheat

D) fish; fish

E) nothing; nothing

48) What is gained when people engage in specialization and trade?

A) Specialization and trade allow people to consume outside their individual production possibilities frontiers.

B) Specialization and trade allow people to consume inside their production possibilities frontiers.

C) Specialization and trade allow people to consume at a point on their production possibilities frontiers.

D) Specialization and trade allow people to produce outside their individual production possibilities frontiers.

E) There are no gains from specialization and trade.

49) Gains from trade

A) occur when one party to the trade has an absolute advantage in both goods.

B) result in being able to consume beyond the trading individuals' production possibilities frontiers.

C) occur when people do not specialize.

D) occur when opportunity costs are equal.

E) always benefit one party but not the other party of any trade.

50) Consider the United States' production of soy beans and running shoes. If the United States has an absolute advantage in the production of both goods compared to China,

A) both countries can gain from trade.

B) only the United States can gain from trade.

C) only China can gain from trade.

D) each country will be able to produce at a point beyond its PPF.

E) only the United States will be able to operate beyond its PPF.

51) To achieve gains from trade, a country

A) needs to have an absolute advantage in the production of all goods.

B) specializes in the producing a good in which it has a lower opportunity cost.

C) must produce at a point beyond its PPF.

D) should produce at the midpoint of its PPF.

E) needs to have an absolute advantage in the production of at least one good.

52) Specialization and trade

A) does not benefit anyone.

B) allows nations to produce inside their individual production possibilities frontier.

C) allows nations to consume combinations of products that are outside their individual production possibilities frontier.

D) shifts the production possibilities frontier inward.

E) shifts the production possibilities frontier outward.

53) The United States is one of the richest nations in the world,

A) so it does not need to trade with poor nations in order to achieve any gains from trade.

B) so it might not have a comparative advantage in producing any goods.

C) but it can still benefit from specialization and trade.

D) so it must have a comparative advantage in the production of all goods.

E) so it must have an absolute advantage in the production of all goods.

July 1, 2023

44) The figure above shows the production possibilities frontiers for the United Kingdom and France. What is the opportunity cost of one bushel of wheat in France?

A) 1/4 of a pound of fish

B) 4 pounds of fish

C) 1 pound of fish

D) 100 pounds of fish

E) 2 pounds of fish

45) The figure above shows the production possibilities frontiers for the United Kingdom and France. What is the opportunity cost of one bushel of wheat for the United Kingdom?

A) 1/4 of a pound of fish

B) 1/2 of a pound of fish

C) 1 pound of fish

D) 200 pounds of fish

E) 2 pounds of fish

A) wheat; wheat

B) wheat; fish

C) fish; wheat

D) fish; fish

E) both wheat and fish; both wheat and fish

A) wheat; wheat

B) wheat; fish

C) fish; wheat

D) fish; fish

E) nothing; nothing

48) What is gained when people engage in specialization and trade?

A) Specialization and trade allow people to consume outside their individual production possibilities frontiers.

B) Specialization and trade allow people to consume inside their production possibilities frontiers.

C) Specialization and trade allow people to consume at a point on their production possibilities frontiers.

D) Specialization and trade allow people to produce outside their individual production possibilities frontiers.

E) There are no gains from specialization and trade.

49) Gains from trade

A) occur when one party to the trade has an absolute advantage in both goods.

B) result in being able to consume beyond the trading individuals' production possibilities frontiers.

C) occur when people do not specialize.

D) occur when opportunity costs are equal.

E) always benefit one party but not the other party of any trade.

50) Consider the United States' production of soy beans and running shoes. If the United States has an absolute advantage in the production of both goods compared to China,

A) both countries can gain from trade.

B) only the United States can gain from trade.

C) only China can gain from trade.

D) each country will be able to produce at a point beyond its PPF.

E) only the United States will be able to operate beyond its PPF.

51) To achieve gains from trade, a country

A) needs to have an absolute advantage in the production of all goods.

B) specializes in the producing a good in which it has a lower opportunity cost.

C) must produce at a point beyond its PPF.

D) should produce at the midpoint of its PPF.

E) needs to have an absolute advantage in the production of at least one good.

52) Specialization and trade

A) does not benefit anyone.

B) allows nations to produce inside their individual production possibilities frontier.

C) allows nations to consume combinations of products that are outside their individual production possibilities frontier.

D) shifts the production possibilities frontier inward.

E) shifts the production possibilities frontier outward.

53) The United States is one of the richest nations in the world,

A) so it does not need to trade with poor nations in order to achieve any gains from trade.

B) so it might not have a comparative advantage in producing any goods.

C) but it can still benefit from specialization and trade.

D) so it must have a comparative advantage in the production of all goods.

E) so it must have an absolute advantage in the production of all goods.

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