Discuss any ethical issues that might have arisen in the course of your internship/employment/court observation.

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Discuss any ethical issues that might have arisen in the course of your internship/employment/court observation.  In your efforts to establish a good rapport with your peers, were you ever placed in situations that compromised your values?  How did you resolve them?  Looking back would you have done something differently?

Describe how subjects feel about their membership in groups.

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Course Project: Part 3 – Group Influences

Assignment Overview

Earlier in this course, we learned about groups. You discovered how groups could influence the behavior of individual or even other groups. As an example, consider how union and non-union members interact with each other during a labor dispute or a strike.

This week, we will consider stratification systems – specifically, gender, race, and ethnic groups. For this part of your project, you will write about the influence of groups. Please be sure to follow the guidelines for written assignments.

Assignment Details:

Perform the following tasks:

  • Complete the reading assignment and the interactive lesson before attempting this assignment.
  • To complete this assignment:

 

  • Using the worksheet on page 2, and in a 250-word narrative, address the criteria:
  • Use Safe Assign to check your written draft against unintended plagiarism.
  • Ensure that your responses are free of spelling and grammatical errors.
  • Use the proper naming convention when saving your assignment:
    • SOC101h_wk5_assn_jsmith_mmddyyy
  • Submit your assignment for grading.

Grading:

Gradable items in assignment Points Possible Points Earned
Describe how subjects feel about their membership in groups. 10  
Describe how the groups (and members) formed and shaped the subject’s values and norms. 10  
Describe how the subjects’ gender, race, or ethnicity shaped their values and norms. 10  
  Responses adhere to writing conventions. 10  
Total Points 40  

 

 

 

Assignment Worksheet:

Using the responses from your Week 3 interviews, write a 250-word narrative that address the following criteria:

  1. Refer back to the responses from your interview, specifically questions #8 and #9: Name two different ways that you were brought up that you think are different from most other people.
    • Were you part of a social, religious, or other type of group growing up? Who were your role models when you were growing up? How did they influence you?
  2. Answer the following questions:
  • How did your subjects feel about the groups they were members of when they were growing up?
  • How do you think these groups and members of the group formed and shaped the subject’s values and norms?
  • How do you think the subject’s gender, race, or ethnicity formed and shaped values and norms?

 

 

Narrative

[Enter your text here.]

 

Assignment: Applications of Forecasting by Firms

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Module Overview:

Economically, the world is getting smaller. Companies depend more and more on international markets to sell goods and services. The more complex the economic system, the harder it is to project the future, especially, understand the risks associated with investments.

As a manager, you must respond and build flexibility into your company to best adapt to the changing environment. You should make projections and plan for contingencies to maximize the probability of success. For example, a company may own several different lines of hotels, high-end expensive hotels and lower-end casual hotels designed for long distance travelers and families. Based on budgets and forecasts, management may want to focus marketing and promotion efforts on business travels at the high-end expensive hotels. What if there is an unexpected economic turn where business travelers from targeted clients have budgets significantly cut and cannot stay at these expensive hotels anymore? Management may quickly need to change the marketing efforts and begin to invest in tools that will attract more casual guests and markets into your high-end products for lower rates, which will reduce profitability, but keep rooms filled at a volume significant enough to cover costs.

In this module, you will be introduced to the principles of risk, and how they impact supply, demand, price, and ultimately investor returns.

Module Readings

Complete the following readings early in the module:

Assignment: Applications of Forecasting by Firms

 

Instructions:

Forecasting is used as a tool for planning. When developing forecasts, firms need to think of all possible scenarios and their future impacts.

For example, if you are in a management role and overforecast sales, you will then overforecast employees or payroll as you will schedule more employees than needed to meet your projected sales. This overforecasting will lead to excess purchasing of supplies and, ultimately, lead to insufficient cash flows because you will need to pay for expenses incurred to maintain and provide services for revenues that did not come in as projected. A small error in forecasting at the start can significantly affect overall results. In this assignment, you will be exposed to the basic principles of forecasting.

Tasks:

Research a firm that applies forecasting principles and methods. You can take examples from your own work experiences. You can also consult sources such as the Wall Street Journal, Financial Times, Bloomberg Markets, the Economist, US News and World Report, and the Argosy University online library resources.

Create a 4- to 5-page research paper that includes responses to the following:

  • Identify the sales forecast for the firm.
  • Analyze how this sales forecast impacts all other forecasts for the firm, such as materials, labor, overhead, cash receipts, and disbursements.
  • Explain the exogenous factors that you need to be aware of when developing these forecasts. Assess the GDP, rate of inflation, rate of unemployment, and interest rates trends.
  • Evaluate the prerequisites of a good forecast that you should keep in mind as a manager when budgeting sales and production amounts.

At the end of your report, include a reference page and cite scholarly sources in APA style.

Submission Details:

By Monday November 5, 2018, save your report and upload to the Submissions Area.

Turned-in on time, Grading criteria followed All assignment qualifications addressed correctly, Grading Criteria followed, Include Question followed by the answer  Reference Page Included Cover page Included, Paragraphs  Indented,  Running-head included, main heading should be centered; all  new  paragraphs should be indented;  paper should be right ragged,   not right justified; references,  should always go on a standalone  page. abstracts are not usually indented; acronyms should be spelled out when using them  for  the first time, for example HR. references as listed are APA  standard.   When you  submit your papers through turnitin.com, your overall  similarity  index  score should not be exceedingly high, with   ten to  fifteen percent  being  the maximum,  Please make sure your APA  formatting of citations. I have provided the  APA resource cite for you. https://owl.english.purdue.edu/owl/resource/560/01, Please work on using literature within the span of the last 5 years,  keep in mind there should not be any one, two, or three sentence  paragraphs

Your response should be thorough and address all components of the discussion question in detail, include citations of all sources, where needed, according to the APA Style, and demonstrate accurate spelling, grammar, and punctuation

Assignment: Applications of Forecasting by Firms Grading Criteria & Maximum Points:

Applied accurate models to predict outcomes related to forecasting of the firm you selected and collected appropriate data from a data set. 32pts.

Analyzed how a sales forecast impacts other related forecasts. 28pts.

Analyzed prerequisites of a good forecast when budgeting sales and production amounts. 20pts.

Wrote in a clear, concise, and organized manner; demonstrated ethical scholarship in accurate representation and attribution of sources; and displayed accurate spelling, grammar, and punctuation. 20pts.

Total: 100pts.

The paper should be an “argumentative” paper, that is, you should expand on a topic, point, or thesis, and convey

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The paper should be an “argumentative” paper, that is, you should expand on a topic, point, or thesis, and convey your best supportive arguments for it. An “argumentative” paper does not mean you are going to “argue”, and this should be self-explanatory, but some students ask me this question regularly. An argumentative paper is a paper in which you advance a thesis framed in form of a question; that distinguishes it from a purely “descriptive paper”. In other words, let’s say you are interested on Erickson’s stages of development. Rather than writing a paper describing the stages of development, I rather you ask for example “Were Erickson’s own struggles with identity part of his motivation for his theory”? Now we have a good paper on the making.  You should also note the facts or factors that counter your argument. Finally, you should write a summary or conclusion that takes into account the arguments pro and con.

As with any other good paper, you should have an introduction, a main body of the paper (separated in sections as needed) and a conclusion. Since I want you to use APA style, your paper should also have a short Abstract and a Bibliography (3 to 5 citations), and should be free of misspellings errors. The length of the paper should be at least 2000 words.

In summary, your paper should follow this outline:

The paper should be written using APA format ONLY, and it should be minimum -2,000words long not counting title page and bibliography. The paper has to have a title page, followed by an Abstract in which summarizes the main idea of your paper. Then you should have an introduction followed by the main body of your paper. Finally a Conclusion and a Bibliography. Therefore your paper outline should be as follows:

  1. Title Page
  2. Abstract
  3. Introduction
  4. Main body of your paper
  5. Conclusion

If you have never written an APA style paper I suggest you consult your Librarian for guidance or information on APA style. 

Here is a limited List of approved topics. You are not bound to follow this list and may choose to write on another topic, which is fine. However, your chosen topic needs to relate to the description, goals and subject matter for this course. Fringe topics (UFO’s for example) are not appropriate and if you worry about it, better check with me.

List:

  • Identity (issues, development, gender, concerns, need for, etc)
  • The Self, Being, Personhood, etc.
  • Gender Issues
  • Freedom and choice, Self-actualization
  • Psychopathology (as it relates to Personal Growth)
  • Personality (development, characteristics, etc)
  • Stress, Resilience.
  • Philosophical bases for Personhood, growth, Self-actualization
  • Psychological theories related to Self-actualization or Personal growth
  • The meaning of Being Human
  • Interpersonal relationships (conflict, resolution, marriage, friendship, etc)
  • Sex, love, compassion, altruism.
  • Death and dying (as a context for a more fulfilling life), Illness.
  • Spirituality, myth and self-growth, etc.
  • Improving the quality of your life (money, work, values, and vocation).
  • Analysis of a life history (Biography) that may illustrate some topics we discuss in here.

You are a member of the Human Resources Department of a medium-sized organization

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  1. You are a member of the Human Resources Department of a medium-sized organization that is implementing a new inter-organizational system that will impact employees, customers, and suppliers. Your manager has requested that you work with the system development team to create a communications plan for the project. He would like to meet with you in two hours to review your thoughts on the key objectives of the communications plan. What should those objectives be?
  2. You are the newest member of the IT development team contracted to implement an enterprise resource planning system for a small retail chain. You are surprised after the project’s initial kick-off meeting that no one was there to represent the client. Following the meeting, you encounter the project manager in the hallway. What do you say?

One model of leadership being adopted by many organizations, disciplines

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One model of leadership being adopted by many organizations, disciplines, and vocations is servant leadership. Describe this model. Identify two reasons why these groups are adopting this model.

300 WORDS Check plagiarism please. Minimum of 1 Reference please 

Case Study: Regency Plaza Project – Project planning, reporting and completion

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ASSESSMENT BRIEF
Subject Code and Title PROJ 6010 Project Management Application: Construction
Assessment Case Study: Regency Plaza Project – Project planning, reporting and completion 
Individual/Group Individual Report
Length 2,400 word report
Learning Outcomes 1 . Critically analyse the construction sector, market and environment to identify the critical factors that impact on global project management process and practice in this market specifically, and develop strategies for addressing these sectoral specificities.

 

2. Demonstrate mastery in the application of project management tools and techniques within a range of complex construction project management situations.

 

3. Analyse the role of project costs/finances, resource management, health and safety, supply chain logistics and contractual agreements

 

Submission End of Module 6
Weighting 40%
Total Marks 40 marks

 

Context:

While no two project managers may ever approach the same project in exactly the same manner, it is doubtful that any would minimise the importance of preparation. Particularly in the realm of new construction projects, preparation to go from design to ground breaking is not only smart, it is necessary to avoid irreversible errors.

Over the next five modules, you will be completing a multi-part assignment based on a case study focused on the life cycle of a new construction project.

Instructions:

To prepare for this assignment:

  • Read the Regency Plaza project case study in this module’s Learning Resources, and place yourself in the role of project manager for this project.
  • Consider the design management necessary for this project.

With these thoughts in mind, write a 2400-word paper that addresses the following:

 

Part A: Project Contracts (Module 3)

  • Identify and analyse the legal benefits and challenges that Regency Plaza might experience from each of the following types of contracts:
    • Stipulated or lump-sum contract
    • Cost of work plus fee contract
    • Cost of work plus fee with guaranteed maximum price (GMP) contract
    • Construction management (CM) contract
    • Design-build or design-and-construct (D&C) contract
  • Explain what you would do to mitigate any potential challenges of these contract types.
  • Which of these contracts you would have recommended for this project? Explain why.

 

Part B: Project Pre-Planning (Module 4)

  • Analyse the major challenges you would need to address prior to beginning construction and explain what you would do to mitigate any of these potential challenges.
  • Evaluate the most effective approach you would use to meet on-time delivery of your project with low cost and high quality. Use examples to support your evaluation.
  • Explain how you would organise your project’s costs. In other words, what type of project cost breakdown would you use? Provide examples of categories.
  • Analyse how you would organise your project’s major deliverables and their components using a Work Breakdown Structure (WBS). Explain the level of detail needed in your WBS and why.

 

Part C: Controlling Communication (Module 5)

  • Develop a communications management plan that would provide appropriate project status reports to stakeholders.
  • Analyse how you would use these reports to address project stakeholder expectations, including your preferred medium.
  • Analyse the level of detail necessary to regularly make these stakeholder reports.

 

Part D: Project Close-out (Module 6)

  • Explain the role each of the following elements would play in the close-out of your project:
    • Project acceptance
    • Contract close-out
    • Document turnover and archiving
    • Team performance appraisal
    • Team reassignment or demobilisation schedule
  • Analyse how you would coordinate a lessons learned component.

 

Complete Part 1: Project Contracts in Module 3.

Complete Part 2: Project Pre-Planning in Module 4, Part 3: Controlling Communication in Module 5, and Part 4: Project Close-out in Module 6.

At the end of Module 6, you will submit the entire Assignment (including Parts 1-4).

You will be marked on the completed final report that comprises of all three parts according to the rubric below.

 

 

 

 

 

Learning Rubrics  – Assessment 2 (Parts A, B, C and D inclusive )

Assessment Attributes Fail (0-49) Pass
(50-64)
Credit
(65-74)
Distinction
(75-84)
High Distinction
(85-100)
Critically analyse the construction sector, market and environment to identify the critical factors that impact on global project management process and practice in this market specifically, and develop strategies for addressing these sectoral specificities.

 

 

Points for this criteria

20

 

Does not critically analyse the construction sector and /or factors that impact the global project management process

 

 

 

 

Provides an analysis of the construction sector, market and the factors that impact a global project management process

 

 

 

Critically analyses the construction sector-specific global project management process

 

 

 

 

Critically analyses and elaborates each step in the construction sector-specific global project management process

 

 

Shows innovation / superior insight in the process of analysing issues of the  construction sector-specific global project management process

 

 

Demonstrate mastery in the application of project management tools and techniques within a range of complex construction project management situations.

 

Points for this criteria

20

Does not succeed in applying appropriate PM tools and techniques within the construction PM approach.

 

 

Applies appropriate PM tools and techniques within the construction PM approach to at least two construction PM situations.

 

 

Successfully applies PM tools and techniques within the construction PM approach to a range of construction PM situations.

 

Demonstrates advanced and integrated understanding in applying PM tools and techniques within a range of construction PM situations.

 

·         Elaborates key considerations for each step in the application of PM tools and techniques within the construction PM approach.

·         demonstrates a systematic and critical understanding of PM tools and techniques within a wide range of construction PM situations

Analyse the role of project costs/finances, resource management, health and safety, supply chain logistics and contractual agreements

 

Points for this criteria

20

Does not analyse the role of project costs/finances, resource management, health and safety, supply chain logistics and contractual agreements.

 

 

 

 

 

Meets minimum standard to analyse the role of project costs/finances, resource management, health and safety, supply chain logistics and contractual agreements.

 

 

 

Provides a consistent analysis of the role of project costs/finances, resource management, health and safety, supply chain logistics and contractual agreements.

 

 

Critically analyses the role of project costs/finances, resource management, health and safety, supply chain logistics and contractual agreements.

 

 

Show innovation and mastery in the process of critically analysing the role of project costs/finances, resource management, health and safety, supply chain logistics and contractual agreements.
Use of academic and discipline conventions and sources of evidence

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Points for this criteria

15

Poorly written with errors in spelling, grammar.

 

Demonstrates inconsistent use of good quality, credible and relevant research sources to support and develop ideas.

 

There are mistakes in using the APA style.

 

 

 

 

 

 

 

 

Is written according to academic genre (e.g. with introduction, conclusion or summary) and has accurate spelling, grammar, sentence and paragraph construction.

 

Demonstrates consistent use of credible and relevant research sources to support and develop ideas, but these are not always explicit or well developed.

 

There are no mistakes in using the APA style.

 

Is well-written and adheres to the academic genre (e.g. with introduction, conclusion or summary).

 

Demonstrates consistent use of high quality, credible and relevant research sources to support and develop ideas.

 

There are no mistakes in using the APA style.

 

Is very well-written and adheres to the academic genre.

 

Consistently demonstrates expert use of good quality, credible and relevant research sources to support and develop appropriate arguments and statements. Shows evidence of reading beyond the key reading

 

There are no mistakes in using the APA style.

 

Expertly written and adheres to the academic genre.

 

Demonstrates expert use of high-quality, credible and relevant research sources to support and develop arguments and position statements. Shows extensive evidence of reading beyond the key reading

 

There are no mistakes in using the APA Style.

 

 

Effective communication

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Points for this criteria

25

Difficult to understand for audience, no logical/clear structure, poor flow of ideas, argument lacks supporting evidence.

 

No effort is made to keep audience engaged, audience cannot follow the line of reasoning.

 

Little use of presentation aids, or the presentation aids and material used are irrelevant.

 

 

Information, arguments and evidence are presented in a way that is not always clear and logical.

 

Attempts are made to keep the audience engaged, but not always successful. Line of reasoning is often difficult to follow.

 

Presentation aids are used more for effect than relevance.

 

 

 

 

Information, arguments and evidence are well presented, mostly clear flow of ideas and arguments.

 

The audience is mostly engaged, line of reasoning is easy to follow.

 

Effective use of presentation aids.

 

 

 

 

Information, arguments and evidence are very well presented, the presentation is logical, clear and well supported by evidence.

 

Engages the audience, demonstrates cultural sensitivity.

 

Carefully and well prepared presentations aids are used.

 

 

 

Expertly presented; the presentation is logical, persuasive, and well supported by evidence, demonstrating a clear flow of ideas and arguments.

 

Engages and sustains audience’s interest in the topic, demonstrates high levels of cultural sensitivity

 

Effective use of diverse presentation aids, including graphics and multi-media.

 

Topic: The Price Elasticity of Demand

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Price Elasticity of Demand

Topic: The Price Elasticity of Demand

Skill: Conceptual

1)        The slope of a demand curve depends on

  1. the units used to measure price and the units used to measure quantity.
  2. the units used to measure price but not the units used to measure quantity.
  3. the units used to measure quantity but not the units used to measure price.
  4. neither the units used to measure price nor the units used to measure quantity.

2)         The price elasticity of demand depends on

  1. the units used to measure price and the units used to measure quantity.
  2. the units used to measure price but not the units used to measure quantity.
  3. the units used to measure quantity but not the units used to measure price.
  4. neither the units used to measure price nor the units used to measure quantity.

3)         The price elasticity of demand measures

  1. how often the price of a good changes.
  2. the slope of a budget curve.
  3. how sensitive the quantity demanded is to changes in demand.
  4. the responsiveness of the quantity demanded to changes in price.

4)      When the quantity of coal is measured in kilograms instead of pounds, the demand for coal becomes

  1. more elastic.
  2. less elastic.
  3. neither more nor less elastic.

 

5)       The price elasticity of demand equals

  1. the change in the price divided by the change in quantity demanded.
  2. the change in the quantity demanded divided by the change in price.
  3. the percentage change in the price divided by the percentage change in the quantity demanded.
  4. the percentage change in the quantity demanded divided

 

6)      If a rightward shift of the supply curve leads to a 6 percent decrease in the price and a 5 percent increase in the quantity demanded, the price elastic-

ity of demand is

  1. 30. B) 0.60. C) 0.83. D) 1.20

.

135

 

7)      A 10 percent increase in the quantity of spinach demanded results from a 20 percent decline in its

price. The price elasticity of demand for spinach

is

  1. 5.
  2. 0.
  3. 0. D) 20.0.

8)      A 20 percent increase in the quantity of pizza demanded results from a 10 percent decline in its price. The price elasticity of demand for pizza is

  1. 5.
  2. 0.
  3. 0. D) 20.0.

9)      Suppose a rise in the price of peaches from $5.50 to $6.50 per bushel decreases the quantity demanded from 12,500 to 11,500 bushels. The price elasticity of demand is

  1. 5.
  2. 0. C) 2.0.
  3. 0.

 

10) A fall in the price of lemons from $10.50 to $9.50 per bushel increases the quantity demanded from 19,200 to 20,800 bushels. The price elastic-

ity of demand is

  1. 80.
  2. 20. C) 1.25. D) 8.00.

 

11) A fall in the price of cabbage from $10.50 to $9.50 per bushel increases the quantity demanded from 18,800 to 21,200 bushels. The price elastic-

ity of demand is

  1. 80.
  2. 20. C) 1.25. D) 8.00.

12) Suppose that the quantity of root beer demanded declines from 103,000 gallons per week to 97,000 gallons per week as a consequence of a 10 percent increase in the price of root beer. The price elasticity of demand is

  1. 60.
  2. 40. C) 1.66. D) 6.00.

13) The price elasticity of demand is 5.0 if a 10 percent increase in the price results in a ____ decrease in the quantity demanded.

  1. 2 percent
  2. 5 percent
  3. 10 percent
  4. 50 percent

14) A shift of the supply curve of oil raises the price of oil from $9.50 a barrel to $10.50 a barrel and reduces the quantity demanded from 41 million to 39 million barrels a day. The price elasticity of demand for oil is

  1. 2 million barrels a day per dollar.
  2. $1 per 2 million barrels a day.
  3. 5. D) 2.0.

 

15) Suppose the price elasticity of demand for oil is 0.1. In order to lower the price of oil by 20 percent, the quantity of oil supplied must be in-

creased by

  1. 200 percent.
  2. 20 percent.
  3. 2 percent.
  4. 2 percent.

16) The price elasticity of demand for cigarettes is

0.4. If government wants to reduce smoking by 10 percent, by how much should it raise the price of cigarettes?

  1. By 10 percent.
  2. By 20 percent. C) By 25 percent. D) By 50 percent.

17) Teenagers have a higher price elasticity of demand for cigarettes than do adults. Suppose the price elasticity of teenager’s demand for cigarettes is 0.8, the price elasticity of adult’s demand for cigarettes is 0.8. If the government imposes a tax on cigarettes that raises the price by 10 percent, by how much will it reduce teenage smoking?

  1. By 5 percent
  2. By 10 percent C) By 15 percent D) By 20 percent

18) The table above gives the demand schedule for snow peas. The price elasticity of demand between $6.00 and $7.00 per bushel is

  1. A) 1.0. B) 2.0. C) 2.6. D) 5.0.

 

19) The table above gives the demand schedule for snow peas. If the price of snow peas falls from

$4.00 to $3.00 a bushel, total revenue will

  1. increase because demand is elastic in this range.
  2. decrease because demand is elastic in this range.
  3. increase because demand is inelastic in this range.
  4. decrease because demand is inelastic in this range.

20) The table above gives the demand schedule for snow peas. The demand curve for snow peas is a straight line and so the elasticity of demand is

  1. 1 at all prices.
  2. the same at all prices but not 1.
  3. higher at higher prices.
  4. lower at higher prices.

 

21) The table above gives the demand schedule for peas. As you move from point A to point B, the price elasticity of demand equals

  1. 11.
  2. 50. C) 0.22. D) 9.09.

22) The table above gives the demand schedule for peas. As you move from point C to point D, the price elasticity of demand is

  1. unit elastic.
  2. 75. D) 3.00.

23) The table above gives the demand schedule for peas. Which of the following statements correctly describes the price elasticity of demand?

  1. The price elasticity of demand is larger at point A than at point B.
  2. The price elasticity of demand is larger at point D than at point A.
  3. The price elasticity of demand is constant because the slope is constant.
  4. The price elasticity of demand increases moving from point A to point B to point C to point D to point E.

 

24) If demand is price elastic,

  1. a 1 percent decrease in the price leads to an increase in the quantity demanded that exceeds 1 percent.
  2. a 1 percent increase in the price leads to an increase in the quantity demanded that exceeds 1 percent.
  3. a 1 percent decrease in the price leads to a decrease in the quantity demanded that is less than 1 percent.
  4. the price is very sensitive to any shift of the sup-ply curve.

25) The price elasticity of demand can range between

  1. zero and one.
  2. negative infinity and infinity.
  3. zero and infinity.
  4. negative one and one.

26) Demand is perfectly inelastic when

  1. shifts in the supply curve results in no change in price.
  2. the good in question has perfect substitutes.
  3. shifts of the supply curve results in no change in quantity demanded.
  4. shifts of the supply curve results in no change in the total revenue from sales.

27) If the price elasticity is between 0 and 1, demand is

  1. unit elastic.
  2. perfectly elastic.

 

28) Demand is inelastic if

  1. a large change in quantity demanded results in a small change in price.
  2. the quantity demanded is very responsive to changes in price.
  3. the price elasticity of demand is less than 1.
  4. the price elasticity of demand is greater than 1.

29) A good with a vertical demand curve has a demand with

  1. unit elasticity.
  2. infinite elasticity.
  3. zero elasticity.
  4. varying elasticity.

 

30) When the price elasticity of demand for a good equals

  1. 0, the demand curve is vertical.
  2. 0, the demand curve is horizontal.
  3. 1, the demand curve is vertical.
  4. 1, the demand curve is horizontal.

 

31) A straight-line demand curve along which the price elasticity of demand equals 0 is one that

  1. forms a 45 degree angle with the vertical axis.
  2. forms a 60 degree angle with the horizontal axis.
  3. is vertical.
  4. is horizontal.

 

32) The demand for movies is unit elastic if

  1. a 5 percent decrease in the price leads to an infinite increase in the quantity demanded.
  2. a 5 percent increase in the price leads to a 5 percent decrease in the quantity demanded.
  3. any increase in the price leads to a 1 percent decrease in the quantity demanded.
  4. a 5 percent increase in the price leads to a 5 per-cent increase in total revenue.

33) Unit elastic demand

  1. means that the ratio of a change in the quantity demanded to a change in the price equals 1.
  2. means that the ratio of a percentage change in the quantity demanded to a percentage change in the price equals 1. C) will be vertical.
  3. will be horizontal.

34) A good with a horizontal demand curve has a demand

  1. with an income elasticity of demand of 0.
  2. with a price elasticity of demand of 0.
  3. with a price elasticity of demand of infinity.
  4. for which there are no substitute.

35) The demand curve in the figure above illustrates the demand for a product with

  1. zero price elasticity of demand at all prices.
  2. infinite price elasticity of demand.
  3. unit price elasticity of demand at all prices.
  4. a price elasticity of demand that is different at all prices.

 

36) In the above figure, which demand curve illustrates perfectly elastic demand?

  1. G
  2. H
  3. I
  4. J

 

This assessment is designed to test the students’ ability to individually conduct an external analysis of an industry

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1) CONTENT

– Title slide – Unit name, assessment name, student name, ID.

– Introduction – Outline your selected market.

– Provide justification for choice of industry sector and market.

– Identify and discuss key external analysis components of the industry sector.

– Key strategic questions and their Impact on the business going forward.

 

2) SPECIFICATIONS

– Plan for a 10minute presentation plus (question and answer) – note timing may be

changed at the discretion of the unit coordinator. This is dependent on the size of the

class, if the class is more than 20 various options for presentation will be explored.

– PowerPoint or Wiki or agreed nominated Web 2.0 application.

– References throughout presentation plus references slide(s) at the end of presentation

 

Overview:

This assessment is designed to test the students’ ability to individually conduct an external analysis of an industry

sector in a consumer or business market identifying marketing trends, opportunities and threats to effectively demonstrate

their understanding of the market. The assessment will consist of a 1000 word document and a 10 minute

presentation.

This Assessment is used to measure CLO6: Evaluate economic, social and environmental decisions and practice

and make recommendations including contingencies, alternatives and future implications, for professional or enterprise

practice.

 

Details:

 

The assessment requires students to select an industry sector in a consumer or business market in Australia to use

as the basis for a succinct external analysis. Students must rigorously research both markets before selecting their final choice. Examples of markets include: retail, telecommunications, information technology, foods, automotive, resource, aviation/aircrafts, logistics and distribution, fast moving consumer goods or _FMCG_, and services.

 

The external analysis of the industry sector should cover the following:

(i) Customer analysis

– How is the market segmented?

– What is the customer motivation in this sector?

– What are the unmet needs?

 

(ii) Competitor analysis

– Who are the competitors?

– How do you evaluate the competitors?

 

(iii) Market analysis

The market analysis consolidates the customer and competitor analysis and enables marketers to make informed

strategic judgments about the market and its dynamics.

– Market growth

– Actual and potential size

– Trends and developments Key success factors

– Market profitability

– Distribution systems

 

 

(iv) Environmental analysis

 

This involves a PESTEL analysis:

– P-political forces

– E-economic forces

– S-social forces

– T-technological forces

– E-environmental forces

– L-legal forces

 

(v) Corporate social responsibility

This section should articulate students’ understanding and application of corporate social responsibility frameworks

to their case.

 

Emphasis of the PESTEL analysis should not be limited to outlining the above forces but should address the following general insights:

 

  1. What impact do these forces have on trends and future events in the market?

 

  1. Special emphasis should be placed on the impact of cultural forces in the context of your sector using Hofstede’s framework.

 

  1. What threats and opportunities emerge from the analysis?

 

The analysis should conclude by outlining and evaluating the key strategic questions that emerge from the analysis

that are likely to impact on strategy going forward.

 

I need to make a report with the given details below on an industry with 1000 words (not including scholarly references) and select any industry as a holistic view and no brand or company needed. All the other details are given in the attached file below.