10.3 Income Distribution and Trade Policy 1) It is argued that special interest groups are likely to take over and promote protectionist policies, which may lead to a decrease in national economic welfare. This argument leads to A) a presumption that in practice a free trade policy is likely to be better than alternatives. B) a presumption that trade policy should be […]
21) For country North, the opportunity cost incurred when 3 tractors are produced is 21 watches. For country South, the opportunity cost incurred when 5 tractors are produced is 100 watches. Which country has the comparative advantage in the production of tractors? A) North B) South C) Both have the comparative advantage in the production of tractors. D) Neither country has the comparative advantage […]
71) A perfectly competitive firm is producing at the quantity where marginal cost is $6 and average total cost is $4. The price of the good is $5. To maximize its profit, this firm should A) raise its price. B) lower its price. C) increase its output. D) decrease its output. E) increase the price it charges for its product. 72) Suppose that […]
31) Expenditures on U.S. produced steaks, shoes, and doctor visits are most likely classified as A) consumption expenditure. B) investment. C) government expenditure on goods and services. D) net exports of goods and services. E) net imports of goods and services. 32) Investment is the expenditure done by A) savers. B) firms. C) governments. D) the rest of the world. E) Both answers A […]
41. (p. 499) All of the following is true of virtual expatriates EXCEPT that they: A. do not move to other countries. B. don’t stay in hotels. C. make long visits. D. are glued to their laptops and cell phones. E. maintain their families at home. 42. (p. 500) The historical preference for expatriate managers and salespeople from the home country is giving way to a preference for: A. outsourcers from the home country. B. virtual managers […]
11. Maslow’s hierarchy of needs model begins with needs and ends with needs. a. security; social b. achievement; security c. esteem; affiliation d. physiological; self-actualization 12. Assume you own and operate a small printing and specialty advertising business that employs 25 persons. With increased health care costs and related insurance premiums you are contemplating the cancellation of health and hospitalization insurance for your employees. […]
MULTIPLE CHOICE 1.Suppose Sarah can borrow and lend at the risk free-rate of 3%. Which of the following four risky portfolios should she hold in combination with a position in the risk-free asset? a.portfolio with a standard deviation of 15% and an expected return of 12% b.portfolio with a standard deviation of 19% and an expected return of 15% c.portfolio with a standard deviation […]
41) If Mr. Garrison is paid an interest rate of 4% on his savings, but the inflation rate is 7%, the real interest rate Mr. Garrison earns is A) 28%. B) 4%. C) -3%. D) -7%. 42) You want to make a 10% real return on a loan that you are planning to make, and the expected inflation rate during the period of […]
11) The natural unemployment rate is higher if A) unemployment benefits become more generous. B) there is a decrease in the working-age population. C) there are fewer two-income households. D) many of the new jobs created require skills possessed by the available labor. E) efficiency wages are lower. 12) The lower the amount of unemployment benefits citizens receive, the A) higher the […]
121.Which of the following factor endowments would be classified as a basic factor by Michael Porter? A. Communication infrastructure B. Research facilities C. Natural resources D. Skilled labor E. Technological know-how 122.Which of the following factor endowments would be classified as an advanced factor by Michael Porter? A. Demographics B. Climate C. Natural resources D. Skilled labor E. Location 123.Porter argued that in terms of factor endowments, _____ factors are the most […]
THIS PAPER IS BASED OFF THE THE COMPANY "TOYOTA"
Specifically, the following critical elements must be addressed:
I. Profile of a Struggling Company
a. Assess how the current management planning practices interfere with or prohibit the organization’s ability to optimally function. You could consider using the fundamental principles of management in your explanation.
b. Describe how the employees’ perception and organizational culture have been impacted by management’s performance. You could consider the connections between management and its impact on culture.
c. Explain how communication has played a part in management’s inability to increase employee performance. You could consider the connections to specific communication barriers that exist within the organization.
II.Management Plan Recommendations: For this section of the summative assessment, you will make recommendations for the management improvement plan.
a. Describe how implementing the fundamental principles of management will help to improve the management process within your company. You could consider the factors that interfere with or prohibit effective management.
b. Identify how aspects of the fundamental principles of management will be implemented and communicated to all personnel within the company. You could consider thinking about this from a training standpoint.
c. Describe how the application of the fundamental principles of management will lead to increased employee performance. You could consider what needs to improve the most to help increase employee performance.
d. Explain how applying ethical principles to the fundamental principles of management would be sustained and monitored by the company. You could consider using the rational decision-making model to show how this process can help with ensuring long-term success.
III. Conclusion: For this section of the summative assessment, you will provide a summary of your recommended changes to the management improvement plan using examples revolving around the fundamental principles of management. a. Summarize how these management changes, based on the fundamental principles of management, will help to ensure organizational success. Be sure to provide examples of how these changes will have the most direct impact.
FORMAT: Three to four pages in length with double spacing, 12-point Times New Roman font, one-inch margins, and APA formatting. Include at least two references cited in APA format.
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