{"id":488,"date":"2021-08-30T21:59:53","date_gmt":"2021-08-31T04:59:53","guid":{"rendered":"https:\/\/homeworknest.com\/blog\/?p=488"},"modified":"2021-08-30T21:59:53","modified_gmt":"2021-08-31T04:59:53","slug":"econ614-mba306-econ-1001-econ-1002-econ-misc-econ-4100-econ-2500-econ-2002-econ-1003-econ-3003-econ-4110-econ-managerial-econ-2001-econ-3004-questions-and-answers-at-homeworknest-com","status":"publish","type":"post","link":"https:\/\/www.homeworknest.com\/blog\/econ614-mba306-econ-1001-econ-1002-econ-misc-econ-4100-econ-2500-econ-2002-econ-1003-econ-3003-econ-4110-econ-managerial-econ-2001-econ-3004-questions-and-answers-at-homeworknest-com\/","title":{"rendered":"ECON614 \/MBA306 \/ ECON 1001\/ ECON 1002\/ECON MISC \/ ECON 4100 \/ECON 2500 \/ECON 2002 ECON \/1003\/ECON 3003\/ ECON 4110 \/ ECON MANAGERIAL \/ ECON 2001\/ ECON 3004 Questions and Answers at HomeworkNest.com"},"content":{"rendered":"

RareFitness Club Case Study<\/strong><\/p>\n

RareFitness is an Australian owned chain that supports the fitness needs of the community across Western Sydney region. The club offers a range of fitness equipments, programs and personal training sessions for individuals to achieve their health and fitness goals. RareFitness prides itself on their world-class facilities, and expert professionals. Customers of RareFitness say that they trust the personal trainers because they provide an excellent fitness service that meets their needs. However, the fitness club offers personal training sessions for limited hours only. It has been also reported by the customers that once an equipment is damaged, the club takes too long to repair it.<\/p>\n

In a recent market research, the manager of the RareFitness, Michael Clark found that there is a great interest for group fitness classes among the community. People believe that working\u00a0out with others will help them keep motivated and it is also great fun. The fitness club does not offer group classes and yet to explore the possibilities.<\/p>\n

Furthermore, the NSW Government has recently launched a new program,\u00a0Active Kids program\u00a0to help kids get active. The program provides two $100 vouchers for parents, guardians, and carers of school-enrolled children to use towards sport and active recreation costs each year.<\/p>\n

Fitness Australia is the national authority that provides policies and guidelines to give direction and support to personal trainers, fitness instructors and fitness business owners. Recently, Fitness Australia has added a new set of requirements to the Industry Code of practice for professional credentials for individuals who are delivering fitness services to the public. The Registered Training Organisations (RTO\u2019s) that deliver the training package and associated fitness qualifications\/certifications need to comply to these practices starting from next financial year.<\/p>\n

In the latest budget, the Australian Government has risen the corporate tax rate from 30% to 35% to increase the revenue for the next financial year which has a sheer effect on the fitness industry.<\/p>\n

\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

Please answer the following questions:<\/strong><\/p>\n

Question 1.<\/strong>\u00a0From what you have been given in the case study material, perform a SWOT analysis by identifying at least two of the strengths, weaknesses, opportunities, and threats for\u00a0\u00a0RareFitness.<\/p>\n

Question 2.<\/strong>\u00a0Identify and write down the prime function for RareFitness. Justify your answer.<\/p>\n

Question 3.<\/strong>\u00a0Construct a mission statement for RareFitness in line with its prime function. Justify your answer.<\/p>\n

Question 4.<\/strong>\u00a0Identify at least two internal and two external stakeholders for RareFitness. Justify your answer<\/p>\n

Question 5.<\/strong>\u00a0Imagine that most of the business activities such as membership, managing fitness classes, rostering staffs e.g., are manually handled by the staff members at RareFitness. Identify at least 5 business activities that RareFitness can plan to automate to better serve their customers.<\/p>\n

\u00a0<\/strong><\/p>\n

Conceptual 1. Using the aggregate supply\u2013aggregate demand model, explain how output and prices are determined. Will output vary or stay fixed in the long run? Suppose the aggregate demand curve were to remain fixed: what can we infer about the behavior of prices over time?<\/p>\n

 <\/p>\n

Technical 1. Suppose that actual output is $120 billion and potential (full-employment) output is $156 billion. What is an output gap in this hypothetical economy? Based on your estimate of the output gap, would you expect the unemployment level to be higher or lower than usual?<\/p>\n

 <\/p>\n

Empirical 1. In this exercise, we will calculate by how much U.S. per capita real income has increased between the year you were born and today. Go to http:\/\/fred.stlouisfed.org. To find real GDP data, click on \u201cCategories\u201d under \u201cNational Accounts,\u201d select \u201cNational Income & Product Accounts,\u201d then \u201cGDP\/GNP\u201d. Then search \u201cGDPCA.\u201d For population data, go back to the FRED II home page and click on \u201cCategories\u201d under \u201cPopulation, Employment, & Labor Markets,\u201d select \u201cPopulation,\u201d then search \u201cEmployment & Population.\u201d Under \u201cCategories,\u201d select \u201cPopulation,\u201d \u201cPOP.\u201d Use the information provided at these two places to fill in columns 1 and\u00a02 in the table below. Note that you may need to transform the series into annual averages; to do this, take the average of the monthly data in the desired years. You can calculate real GDP per capita by dividing real GDP by population. After filling in columns 1 and 2, you can find out how much per capita income is higher today compared to the year you were born (Hint: Simply divide the value in column 1 by the value in column 2). Variable Today\u2019s Year 1 Your Birth Year 2 Real GDP Population Real GDP per capita = real GDP\/population<\/p>\n

ECON 1001 Question & Answers, ECON 1002 Question & Answers, ECON MISC Documents, ECON 4100 Question & Answers, ECON 2500 Question & Answers, ECON 2002 Question & Answers, ECON 1003 Question & Answers, ECON 3003 Question & Answers, ECON 4110 ECON MANAGERIAL, ECON 2001 Question & Answers, ECON 3004 Question & Answer<\/a><\/p>\n

KEY TERMS government purchases gross domestic product (GDP) gross investment gross national income (GNI) gross national product (GNP) gross private domestic investment human capital inflation intermediate goods investment national income accounting identity net domestic product (NDP) net exports net investment nominal GDP nominal interest rate personal consumption expenditure deflator (PCE) producer price index (PPI) production function real GDP real interest rate saving trade deficit trade surplus transfer payments unemployment rate value added PROBLEMS<\/p>\n

Conceptual 1. What would happen to the measure of GDP if the government hired unemployed workers, who had been receiving amount $TR in unemployment benefits, as government employees and now paid them the same amount to do nothing? Explain.<\/p>\n

    \n
  1. In the national income accounts, what is the difference between<\/li>\n
  2. A firm\u2019s buying an auto for an executive and the firm\u2019s paying the executive additional income to buy the automobile herself?<\/li>\n
  3. Your hiring your spouse (who takes care of the house) rather than having him or her do the work without pay?<\/li>\n
  4. Your deciding to buy an American car rather than a German car? dor90638_ch02_022-053.indd 50 22\/07\/17 12:27 PM chapter 2\u2022National Income Accounting 51<\/li>\n
  5. What is the difference between GDP and GNP? Is one a better measure of income\/output than the other? Why?<\/li>\n
  6. What is NDP? Is it a better or worse measure of output than GDP? Explain.<\/li>\n
  7. Increases in real GDP are often interpreted as increases in welfare. What are some problems with this interpretation? Which do you think is the biggest problem with it, and why?<\/li>\n
  8. The CPI and PPI are both measures of the price level. How are they different, and when might you prefer one of these measures over the other?<\/li>\n
  9. What is the GDP deflator, and how does it differ from the consumer and producer price indexes? Under what circumstances might it be a more useful measure of price than the CPI and PPI?<\/li>\n
  10. If you woke up in the morning and found that nominal GDP had doubled overnight, what statistic would you need to check before you began to celebrate? Why?<\/li>\n
  11. Suppose you make a loan of $100 that will be repaid to you in 1 year. If the loan is denominated in terms of a nominal interest rate, are you happy or sad if inflation is higher than expected during the year? What if the loan had instead been denominated in terms of a real return?<\/li>\n<\/ol>\n

    econ 1001\/ econ 1002\/econ misc\u00a0\/ econ 4100\u00a0\/econ 2500 \/econ 2002 econ \/1003\/econ 3003\/ econ 4110 \/ econ managerial \/ econ 2001\/ econ 3004, macroeconomics homework help, macroeconomics homework help free, help with my macroeconomics homework, assignment homework help macroeconomics, economics macroeconomics homework help, homework-help macroeconomics-9th-edition-chapter-1-solutions-9780134167398, macroeconomic homework help<\/a><\/p>\n

     <\/p>\n

    Technical<\/p>\n

      \n
    1. In the text, we calculated the change in real GDP in the hypothetical economy of Table 2-3, using the prices of 2005. Calculate the change in real GDP between 2005 and 2012 using the same data but the prices of 2012. Your answer should demonstrate that the prices that are used to calculate real GDP do affect the calculated growth rate, but typically not by very much.<\/li>\n
    2. Show from national income accounting that a. An increase in taxes (while transfers remain constant) must imply a change in net exports, government purchases, or the saving-investment balance. b. An increase in disposable personal income must imply an increase in consumption or an increase in saving. c. An increase in both consumption and saving must imply an increase in disposable income. [For both parts b and c assume there are no interest payments by households or transfer payments to foreigners.]<\/li>\n
    3. The following is information from the national income accounts for a hypothetical country: GDP $6,000 Gross investment 800 Net investment 200 Consumption 4,000 Government purchases of goods and services 1,100 Government budget surplus 30 What is a. NDP? d. Disposable personal income? b. Net exports? e.\u2003Personal saving? c. Government taxes minus transfers? dor90638_ch02_022-053.indd 51 22\/07\/17 12:27 PM 52 Macroeconomics<\/li>\n
    4. Assume that GDP is $6,000, personal disposable income is $5,100, and the government budget deficit is $200. Consumption is $3,800, and the trade deficit is $100. a. How large is saving (S)? b. How large is investment (I)? c. How large is government spending (G)?<\/li>\n
    5. If a country\u2019s labor is paid a total of $6 billion, its capital is paid a total of $2 billion, and profits are zero, what is the level of output? (Hint: See equation (2).)<\/li>\n
    6. Consider an economy that consists only of those who bake bread and those who produce its ingredients. Suppose that this economy\u2019s production is as follows: 1 million loaves of bread (sold at $2 each); 1.2 million pounds of flour (sold at $1 per pound); and 100,000 pounds each of yeast, sugar, and salt (all sold at $1 per pound). The flour, yeast, sugar, and salt are sold only to bakers, who use them exclusively for the purpose of making bread. a. What is the value of output in this economy (i.e., nominal GDP)? b. How much value is added to the flour, yeast, sugar, and salt when the bakers turn them into bread?<\/li>\n
    7. Suppose a country\u2019s CPI increased from 2.1 to 2.3 in the course of 1 year. Use this fact to compute the rate of inflation for that year. Why might the CPI overstate the rate of inflation?<\/li>\n
    8. Suppose you buy a $100 government bond that is due next year. How much nominal interest will you receive if inflation is 4 percent over the year and the bond promises a real return of 3 percent?<\/li>\n<\/ol>\n

      Empirical<\/p>\n

        \n
      1. Section 2.1 in this chapter deals with the relationship between the different components included in the National Income and Product Accounts (NIPA for short). Go to www.bea.gov. Click on the heading \u201cNational,\u201d then click on \u201cInteractive Tables: GDP and the National Income and Product Account (NIPA) Historical Tables\u201d and then \u201cBegin using the data . . .\u201d Select \u201cSection 1-Domestic Product and Income.\u201d Open Table 1.7.5, which should be titled \u201cRelation of Gross Domestic Product, Gross National Product, Net National Product, National Income, and Personal Income (A)\u00a0(Q).\u201d Use the information provided there to fill in columns 1, 2, 3, and 5 in the following table, and calculate GNP and NNP based on the formulas given in the second row of the table. You may have to first adjust the \u201cFirst Year\u201d to 2010 and the \u201cSeries\u201d to Annual under \u201cData Table Options.\u201d Do the values you find correspond to the numbers reported at www.bea.gov? INCOME INCOME DEPRECIATION RECEIPTS payment GNP (Consumption) NNP GDP From Row To Row 4 = 1 + 2 \u2212 3 of Fixed Capital NNP 6 = 4 \u2212 5 1 2 3 5 2010 2011 2012<\/li>\n
      2. How much was U.S. real GDP growth in the year 2012? What about the growth rate of U.S.\u00a0population? First, check out \u201cGross Domestic Product (GDP) and Components\u201d at http:\/\/fred.stlouisfed.org. Click on \u201cCategories,\u201d under \u201cNational Accounts\u201d select \u201cNational dor90638_ch02_022-053.indd 52 22\/07\/17 12:27 PM chapter 2\u2022National Income Accounting 53 Income & Product Accounts,\u201d then \u201cGDP\/GNP.\u201d Search \u201cGDPCA,\u201d title \u201cReal Gross Domestic Product.\u201d Click on \u201cDownload Data\u201d and change the units to \u201cPercent Change,\u201d then download the series. For population data, go to www.census.gov; then select \u201cEstimates\u201d under the \u201cPeople\u201d category. Click on \u201cCurrent Estimates Data,\u201d and then under \u201cNation\u201d and \u201cTotal Population,\u201d click on \u201cV2012.\u201d Select \u201cPopulation Change\u201d and click on the data set that is NOT the cumulative estimate. The data set shows the annual population change in the United States between 2011-2012. Using these two pieces of information, what can you infer about the evolution of U.S. per capita real GDP in 2012?<\/li>\n<\/ol>\n

        ECON 1001 Question & Answers, ECON 1002 Question & Answers, ECON MISC Documents, ECON 4100 Question & Answers, ECON 2500 Question & Answers, ECON 2002 Question & Answers, ECON 1003 Question & Answers, ECON 3003 Question & Answers, ECON 4110 ECON MANAGERIAL, ECON 2001 Question & Answers, ECON 3004 Question & Answer<\/a><\/p>\n

         <\/p>\n

        PROBLEMS<\/p>\n

        Conceptual<\/p>\n

          \n
        1. What information does a production function provide?<\/li>\n
        2. Can the Solow growth model help to explain the phenomenon of convergence?<\/li>\n
        3. Consider a production function that omits the stock of natural resources. When, if ever, will this omission have serious consequences?<\/li>\n
        4. If, in the context of a standard production function, Y = F(K, N ), where K represents physical capital and N represents raw labor, we were to interpret the Solow residual<\/li>\n<\/ol>\n

          (\u0394A\/A) as \u201ctechnological progress,\u201d we would be in error. What, besides technological progress, would this residual catch? How could you expand the model to eliminate this problem?<\/p>\n

            \n
          1. Figure 3-4 is a basic illustration of the Solow growth model. Interpret it, being careful to explain the meaning of the saving and investment requirement lines. Why does the steady state occur where they cross?<\/li>\n
          2. What factors determine the growth rate of steady-state per capita output? Are there other factors that could affect the growth rate of output in the short run?<\/li>\n
          3. Since the mid-1990s, the U.S. economy has undergone a surge in labor productivity, given by Y\/N. What are some possible explanations given by equation (2) for this surge?<\/li>\n<\/ol>\n

            Technical<\/p>\n

              \n
            1. In a simple scenario with only two factors of production, suppose that capital\u2019s share of income is .4 and labor\u2019s share is .6 and that annual growth rates of capital and labor are 6 and 2 percent, respectively. Assume there is no technical change.<\/li>\n
            2. At what rate does output grow?<\/li>\n
            3. How long will it take for output to double?<\/li>\n
            4. Now suppose technology grows at a rate of 2 percent. Recalculate your answers to parts a and b.<\/li>\n
            5. Suppose output is growing at 3 percent per year and capital\u2019s and labor\u2019s shares of income are .3 and .7, respectively.<\/li>\n
            6. If both labor and capital grow at 1 percent per year, what would the growth rate of total factor productivity have to be?<\/li>\n
            7. What if both the labor and the capital stocks are fixed?<\/li>\n
            8. Suppose again that capital\u2019s and labor\u2019s shares of income are .3 and .7, respectively.<\/li>\n
            9. What would be the effect (on output) of increasing the capital stock by 10 percent?<\/li>\n
            10. What would be the effect of increasing the pool of labor by 10 percent?<\/li>\n
            11. If the increase in labor is due entirely to population growth, will the resulting increase in output have an effect on people\u2019s welfare?<\/li>\n
            12. What if the increase in labor is due, instead, to an influx of women into the workplace?<\/li>\n
            13. Suppose an earthquake destroys one-quarter of the capital stock. Discuss the adjustment process of the economy, and using Figure 3-5, show what happens to growth in the short run and in the long run.<\/li>\n
            14. Suppose there is an increase in the population growth rate.<\/li>\n
            15. Show graphically how this affects the growth rate of both output per capita and total output in the short and the long run. (Hint: Use a diagram like Figure 3-5.)dor90638_ch03_054-078.indd 75 18\/07\/17 11:59 AM 76 Macroeconomics<\/li>\n
            16. Chart the time paths of per capita income and the per capita capital stock following this change. (Hint: Use a diagram like Figure 3-6.)<\/li>\n<\/ol>\n

              ECON 1001 Question & Answers, ECON 1002 Question & Answers, ECON MISC Documents, ECON 4100 Question & Answers, ECON 2500 Question & Answers, ECON 2002 Question & Answers, ECON 1003 Question & Answers, ECON 3003 Question & Answers, ECON 4110 ECON MANAGERIAL, ECON 2001 Question & Answers, ECON 3004 Question & Answer<\/a><\/p>\n

               <\/p>\n

                \n
              1. Consider a production function of the form Y = AF(K, N, Z), where Z is a measure of natural resources used in production. Assume this production function has constant returns to scale and diminishing returns in each factor.<\/li>\n
              2. What will happen to output per head if capital and labor both grow but Z is fixed?<\/li>\n
              3. Reconsider part a, but add technical progress (growth in A).<\/li>\n
              4. In the 1970s there were fears that we were running out of natural resources and that this would limit growth. Discuss this view using your answers to parts a and b.<\/li>\n
              5. Consider the following production function: Y = K.5(AN).5, where both the population and the pool of labor are growing at a rate n = .07, the capital stock is depreciating at a rate d = .03, and A is normalized to 1.<\/li>\n
              6. What are capital\u2019s and labor\u2019s shares of income?<\/li>\n
              7. What is the form of this production function?<\/li>\n
              8. Find the steady-state values of k and y when s = .20.<\/li>\n
              9. At what rate is per capita output growing at the steady state? At what rate is total output growing? What if total factor productivity is increasing at a rate of 2 percent per year (g = .02)?<\/li>\n
              10. Suppose the level of technology is constant. Then it jumps to a new, higher constant level.<\/li>\n
              11. How does this technological jump affect output per head, holding the capital-labor ratio constant?<\/li>\n
              12. Show the new steady-state equilibrium. What has happened to per capita saving and the capital-labor ratio? What happens to output per capita?<\/li>\n
              13. Chart the time path of the adjustment to the new steady state. Does the investment ratio rise during transition? If so, is this effect temporary?<\/li>\n<\/ol>\n

                9.* For a Cobb-Douglas production function Y = AK\u03b8N(1 \u2212 \u03b8), verify that 1 \u2212 \u03b8 is labor\u2019s share of income. [Hint: Labor\u2019s share of income is the piece of income that results from that labor (MPL \u00d7 N) divided by total income.]<\/p>\n

                  \n
                1. Consider an economy in which production is characterized by the neoclassical function Y = K.5N.5. Suppose, again, that it has a saving rate of .1, a population growth rate of .02, and an average depreciation rate of .03.<\/li>\n
                2. Write this production function in per capita form, and find the steady-state values of k and y.<\/li>\n
                3. At the steady-state value of k, is there more or less capital than at the golden-rule level?<\/li>\n
                4. Determine what saving rate would yield the golden-rule level of capital in this model.<\/li>\n
                5. In the context of this neoclassical growth model, can a country have too much saving?<\/li>\n<\/ol>\n

                  ECON 1001 Question & Answers, ECON 1002 Question & Answers, ECON MISC Documents, ECON 4100 Question & Answers, ECON 2500 Question & Answers, ECON 2002 Question & Answers, ECON 1003 Question & Answers, ECON 3003 Question & Answers, ECON 4110 ECON MANAGERIAL, ECON 2001 Question & Answers, ECON 3004 Question & Answer<\/a><\/p>\n

                   <\/p>\n

                  Empirical<\/p>\n

                    \n
                  1. Go to http:\/\/fred.stlouisfed.org and download the data for the U.S. population and total employment in educational and health services over the period 2002\u20132012. To do so, click on \u201cCategories,\u201d under \u201cPopulation, Employment, & Labor Markets,\u201d select \u201cPopulation\u201d for population data (\u201cPOP\u201d) and \u201cCurrent Employment Statistics (Establishment Survey)\u201d for educational and health services data (\u201cUSEHS\u201d). Once you have downloaded the data into a *An asterisk denotes a more difficult problem. spreadsheet, calculate the average growth rate of U.S. population and total employment in educational services in the period 2002\u20132012. Everything else being constant, what could you infer about the average quality of U.S. workers? Would this have any implications on the perspectives for future growth in the United States?<\/li>\n
                  2. Go to http:\/\/fred.stlouisfed.org and click on \u201cCategories,\u201d under \u201cPopulation, Employment, & Labor Markets,\u201d select \u201cCurrent Employment Statistics (Establishment Survey),\u201d then \u201cInformation\u201d (\u201cUSINFO\u201d). Using the provided graphing possibilities, take a look at the evolution of the number of employees for the information services industries during the last two decades. What event can be used to explain the increase in the employment of information technology workers during the 1990s? What about the decrease in employment during the 2000s?<\/li>\n<\/ol>\n

                     <\/p>\n

                    ECON 1001 Question & Answers, ECON 1002 Question & Answers, ECON MISC Documents, ECON 4100 Question & Answers, ECON 2500 Question & Answers, ECON 2002 Question & Answers, ECON 1003 Question & Answers, ECON 3003 Question & Answers, ECON 4110 ECON MANAGERIAL, ECON 2001 Question & Answers, ECON 3004 Question & Answer<\/a><\/p>\n

                     <\/p>\n

                    Q1<\/p>\n

                    Discrimination and Affirmative Action<\/p>\n

                      \n
                    1. Why is sexual harassment considered a form of discrimination?<\/li>\n
                    2. Define Affirmative Action. What are the benefits of and affirmative action plan? Give and example of a situation describing a) the wrong to be corrected and b) how an affirmative action plan helps rectify the situation.<\/li>\n<\/ol>\n

                       <\/p>\n

                      Case: Sex Discrimination at Walmart<\/p>\n

                      Read the case Sex Discrimination -At Walmart and answer the following questions:<\/p>\n

                        \n
                      1. How much should companies be held accountable for societal factors which promote discrimination such as stereotyping by race or sex?<\/li>\n
                      2. Can statistics prove behavior, or are they just evidence of it? If they are evidence, are they weak or strong evidence?<\/li>\n
                      3. Evaluate the statistics presented in the case. Do they support the charge of sex discrimination? How?<\/li>\n
                      4. Assuming all six women bringing this suit were discriminated against, given that Wal-Mart has over one million employees, does that mean Wal-Mart is guilty of a bias against women?<\/li>\n
                      5. Look up the Supreme Court decision on this case. Who won, Dukes or Walmart? What did the decision do about discrimination \u2013 will it be harder or easier for employees to bring a suit against their employer?<\/li>\n<\/ol>\n

                         <\/p>\n

                          \n
                        1. Employment rights<\/li>\n
                        2. What is\u00a0employment at will<\/em>? Describe the three kinds of exceptions to employment at will.<\/li>\n
                        3. How does the property rights argument support employment at will?<\/li>\n
                        4. How might the property rights argument be used against employment at will?<\/li>\n
                        5. What is the philosophical basis for freedom of contract? How might it support employment at will? What difficulties arise?<\/li>\n
                        6. What is the utilitarian justification for employment at will? What is the primary drawback of this approach?<\/li>\n<\/ol>\n

                           <\/p>\n

                          Q2<\/p>\n

                           <\/p>\n

                          1) Conflict of Interest 10 points<\/p>\n

                          You are\u00a0a purchasing agent for a manufacturer of luxury yachts. A sales rep from a company which makes high end furnishings for yachts invites you to attend the Super Bowl as their guest.<\/p>\n

                          Should you accept? Why or why not? Be sure to use material from the readings to answer this question.<\/p>\n

                          2) Competitor Intelligence 40 points<\/p>\n

                          Read the Case: Proctor and Gamble Goes Dumpster Diving then answer these questions:<\/p>\n

                            \n
                          1. a)\u00a0\u00a0\u00a0\u00a0 Is dumpster diving an ethical way of acquiring information from a competitor? If companies do not take precautions, such as shredding vital documents, why should they be protected from prying eyes? Would it make a difference if the dumpster were on private property or on a public street?<\/li>\n
                          2. b)\u00a0\u00a0\u00a0\u00a0 Although John Pepper acted courageously in notifying Unilever, was his action morally required? In view of the reaction from Unilever, did he act wisely?<\/li>\n
                          3. c)\u00a0\u00a0\u00a0\u00a0 Is Unilever owed any compensation? What harm has the company suffered for which they should be compensated? [Note: Compensation is due only for harm done. Compare this case to compensating the owner of an automobile in a crash.]<\/li>\n
                          4. d)\u00a0\u00a0\u00a0\u00a0 Was Unilever overreaching, punishing P&G when its chairman had acted properly? Or is the idea of a monitor a creative solution to a difficult problem? [Note: The sole purpose of a monitor is to ensure that P&G does what Pepper promised, and the cost of the monitor would be inconsequential.]<\/li>\n<\/ol>\n

                            3) Financial ethics 50 points<\/p>\n

                            Read the Case: Goldman Sachs and the Abacus Deal and watch the Crisis of Credit Video, then answer the following question using the format: Decision\/Facts\/ Ethical Reasoning\/ Opposing point of view\/ CST<\/p>\n

                            Did Goldman Sachs create Abacus 2007-AC1 unethically?<\/p>\n

                             <\/p>\n

                            ECON 1001 Question & Answers, ECON 1002 Question & Answers, ECON MISC Documents, ECON 4100 Question & Answers, ECON 2500 Question & Answers, ECON 2002 Question & Answers, ECON 1003 Question & Answers, ECON 3003 Question & Answers, ECON 4110 ECON MANAGERIAL, ECON 2001 Question & Answers, ECON 3004 Question & Answer<\/a><\/p>\n

                            Q3<\/p>\n

                            1) Utilitarian reasoning.<\/p>\n

                            Read the Case Exporting Pollution at the end of Chapter 3 in Boatright.\u00a0 Analyze this as a utilitarian using the following questions. Use the chart below.\u00a0 Mark effects as shown below<\/p>\n

                            Great positive effect ++<\/p>\n

                            Some positive effect +<\/p>\n

                            Negligible effect\u00a0 0<\/p>\n

                            Some negatigve effect \u2013<\/p>\n

                            Great negative effects – –<\/p>\n

                              \n
                            1. What are the possible actions? (Fill in the options)<\/strong><\/li>\n
                            2. Who is affected? (Put those in first column)<\/strong><\/li>\n
                            3. What are the positive and negative effects?<\/strong><\/li>\n
                            4. What action would you recommend?<\/strong><\/li>\n<\/ol>\n

                              Who is affected<\/strong><\/p>\n

                              Option 1<\/strong><\/p>\n

                              Option 2<\/strong><\/p>\n

                              Option 3<\/strong><\/p>\n

                              Minimum wage workers<\/p>\n

                               <\/p>\n

                               <\/p>\n

                               <\/p>\n

                              2) Fairness<\/p>\n

                              You, the CEO, discover that the supplier you have been using for your APPLEBABY juice has been supplying sugar water, not apple juice. You told your superiors that your division would make $7m in profit this year. If you dump the fake juice and buy real juice it will cost you $750K hitting your bottom line.<\/p>\n

                              You decide to dump the fake juice at half price in overseas markets where the FDA can\u2019t reach you. By the time the FDA did intervene, you had offloaded all but 20,000 cases of the fake juice.<\/p>\n