Week 8 – Check Your Understanding Chapter 15 Exercise 2, 5, and 6 2. If contract promises were not excused because of acts of war, would the clearing and settlements clients of Bank of New York change their behavior?  If so, how?  What reliance behavior would be considered excessive? 5. Would warehouse operators insist on owning their own trucking companies?  Why or why not?  What coordination and control problems and contractual hazards would these companies encounter? 6. What organizational form would warehouses operators and truck hauling companies adopt?

Week 6 – Check Your Understanding Chapter 11 Exercise 2(a, b), 4(a, c), and 6 2. Ajax Cleaning Products is a medium-sized firm operating in an industry dominated by one large firm – Tile king.  Ajax produces a multiheaded tunnel wall scrubber that is similar to a model produced by Tile King.  Ajax decides to charge the same price as Tile King to avoid the possibility of a price war.  The price charged by Tile King is $20,000.  Ajax has the following short-run cost curve: ,000 – 5,000Q + 100Q2 a)  Compute the marginal cost curve for Ajax. b)  Given Ajax’s pricing strategy, what is the marginal revenue function for Ajax? 4. Unique Creations holds a monopoly position in the production and sale of magnometers.  The cost function facing Unique is estimated to be TC = $100,000 + 20Q a)  What is the marginal cost for Unique? c)What is the marginal revenue at the price computed in Part (b)? 6. Wyandotte Chemical Company sells various chemicals to the automobile industry.  Wyandotte currently sells 30,000 gallons of polyol per year at an average price of $15 per gallon.  Fixed costs of manufacturing polyol are $90,000 per year and total variable costs equal $180,000.  The operations research department has estimated that a 15 percent increase in output would not affect fixed costs but would reduce average variable costs by 60 cents per gallon.  The marketing department has estimated the arc elasticity of demand for polyol to be -2.0. a)  How much would Wyandotte have to reduce the price of polyol to achieve a 15 percent increase in the quality sold? b)  Evaluate the impact of such a price cut on (i) total revenue, (ii) total costs, and (iii) total profit. Chapter 12 Exercise 1, 2(b), and 5(b) 1.Assume that two companies (C and D) are duopolists that produce identical products.  Demand for the products is given by the following linear demand function: – QC – QD where Qc and QD are the quantities sold by the respective firms and P is the selling price.  Total cost functions for the two companies are TCC = 25,000 + 100QC TCD = 20,000 + 125QD Assume that the firms act independently as in the Cournot model (ie., each firm assumes that the other firm’s output will not change). a)  Determine the long-run equilibrium output and selling price for each firm. b)  Determine the total profits for each firm at the equilibrium output found in Part (a). 2. Assume that two companies (A and B) are duopolists who produce identical products.  Demand for the products is given by the following linear demand function: – QA – QB where QA and QB are the quantities sold by the respective firms and P is the selling price.  Total cost functions for the two companies are TCA = 1,500 + 55QA + Q2A TCB = 1,200 + 20QB + 2Q2B Assume that the firms act independently as in the Cournot model (i.e., each firm assumes that the other firm’s output will not change). b)Determine Firm A, Firm B and total industry profits at the optimal solution found in Part (a). 5. Alchem (L) is the price leader in the polyglue market.  All 10 other manufacturers (follower [F] firms) sell polyglue at the same price as Alchem.  Alchem allows the other firms to sell as much as they wish at the estimated price and supplies the remainder of the demand itself.  Total demand for polyglue is given by the following function (QT = QL + QF): ,000 – 4QT Alchem’s marginal cost function for manufacturing and selling polyglue is MCL = 5,000 +QL The aggregate marginal cost function for the other manufacturers of polyglue is EMCF = 2,000 + 4QF b)What is the total market demand for polyglue at the price established by Alchem in Part (a)? How much of total demand do the follower firms supply?

Week 3 – Check Your Understanding: Chapter 5 1.  The forecasting staff for the Prizer Corporation has developed a model to predict sales of its air-cushioned-ride snowmobiles. The model specifies that sales S vary jointly with disposable personal income Y and the population between ages 15 and 40, Z, and inversely with the price of the snowmoblies P. Based on past data, the best estimate of this relationship is *YZ/P where k has been estimated (with past data) to equal 100.   a. If Y = $11,000, Z = $1,200, and P = $20,000, what value would you predict for S ? b. What happens if P is reduced to $17,500? c. How would you go about developing a value for k?  d. What are the potential weaknesses of  his model?   5.  A firm experienced the demand shown in the following table. year ------ actual demand---- 5 yr moving avg --- 3 yr moving avg-- exponential smoothing -- exponential smoothing ( ) --- ( ) _________________________________________________________________________________________________ 2000 | 800 | xxxx | xxxx | xxxx | xxxxx 2001 | 925 | xxxx | xxxx | _____ | __________ 2002 | 900 | xxxx | xxxx | ______ | __________ 2003 | 1025 | xxxx | _____ | ________ | ___________ 2004 | 1150 | xxxx | ______ | _________ | ____________ 2005 | 1160 | _____ | _______ | __________ | _____________ 2006 | 1200 | _______ | _______ | __________ | ____________ 2007 | 1150 | _______ | ________ | ___________ | ____________ 2008 | 1270 | ________ | ________ | ___________ | ____________ 2009 | 1290 | _________ | ________ | ____________ | ___________ 2010 | * | _________ | _________ | ____________ | ____________ Unknown future value to be forecast. a. Fill in the table by preparing forecasts based on a five- year moving average, a three- year moving average, and exponential smoothing( with a and a ). Note: The exponential smoothing forecasts may be begun by assuming Yt+ b. Using the forecasts from 2005 through 2009, compare the accuracy of each of the forecasting methods based on the RMSE criterion. c. Which forecast would you have used for 2010? Why?   6.  The economic analysis division of Mapco Enterprises has estimated the demand function for its line of weed trimmers as ,000 + 0.4N - 350Pm + 90Ps where of new homes completed in the primary market area of the Mapco trimmer of its competitor's Surefire trimmer In 2010, 15,000 new homes are expected to be completed in the primary market area. Mapco plans to charge $50 for its trimmer. The Surefire trimmer is expected to sell for $55. a. What sales are forecast for 2010 under these conditions? b. If its competitor cuts the price of the Surefire trimmer to $50, what effect will this have on Mapco's sales?  c. What effect would a 30 percent reduction in the number of new homes completed have on Mapco's sales ( ignore the impact of the price cut of the Surefire trimmer)?     9. Savings-Mart (a chain of discount department stores) sells patio and lawn furniture. Sales are seasonal, with higher sales during the spring and summer quarters and lower sales during the fall and winter quarters. The company developed the following quarterly sales forecasting model: + 0.125t 2.75D1t + 2.25D2t + 3.50D3t Where sales ($ million) in quarter t sales ($ million) when period (quarter) where the fourth quarter of First quarter of , second quarter of ,. . . for first-quarter observations 0 otherwise for second quarter observations 0 otherwise for third-quarter observations 0 otherwise Forecast Savings-Mart s sales of patio and lawn furniture for each quarter of 2010.    Chapter 6  2. If the U.S. dollar were to appreciate substantially, what steps could a domestic manufacturer such as Cummins Engine Co. of Columbus, Indiana take in advance to reduce the effect of the exchange rate fluctuation on company profitability?   7.  If Boeing aircraft prices in dollars increase 20 percent and the yen/dollar exchange rate declines 15 percent, what effective price increase is facing Japan Airlines for the purchase of a Boeing 747? Would Boeing's margin likely rise or fall if the yen then depreciated and competitor prices were unchanged? Why?   9.  If unit labor costs in Spain and Portugal rise, but unit labor costs in Germany decline and other producer prices remain unchanged, what effect should these factors by themselves have on export trade and why?   10.  What three factors determine whether two economies with separate fiscal and monetary authorities should form a currency union? Give an illustration of each factor using NAFTA economies. ****** Chapter 5 Exercise 6.  The economic analysis division of Mapco Enterprises has estimated the demand function for its line of weed trimmers as ,000 + 0.4N – 350PM + 90Ps Where   of new homes completed in the primary market area PM = price of the Mapco trimmer of its competitor’s Surefire trimmer In 2010, 15,000 new homes are expected to be completed in the primary market area.  Mapco plans to charge $50 for its trimmer.  The Surefire trimmer is expected to sell for $55. a)  What sales are forecast for 2010 under these conditions? b)  If its competitor cuts the price of the Surefire trimmer is expected to sell for $55. c)  What effect would a 30 percent reduction in the number of new homes completed have on Mapco’s sales (ignore the impact of the price cut of the Surefire trimmer)? 9.  Savings-Mart (a chain of discount department stores) sells patio and lawn furniture.  Sales are seasonal, with higher sales during the spring and summer quarters and lower sales during the fall and winter quarters.  The company developed the following quarterly sales forecasting model: Yt = 8.25 + 0.125t – 2.75D1t + 0.25D 2t + 3.50D3t Where Yt = predicted sales ($million) in quarter t sales ($million) when period (quarter) where the fourth quarter of , first quarter of , second quarter of ,... D1t =   {1 for first-quarter observations   {0 otherwise D2t =  {1 for second-quarter observations   {0 otherwise D3t =  {1 for third-quarter observations   {0 otherwise Forecast Savings-Mart’s sales of patio and lawn furniture for each quarter of 2010. Chapter 6 Exercise 2.  If the US dollar were to appreciate substantially, what steps could a domestic manufacturer like Cummins Engine Co. of Columbus, Indiana, take in advance to reduce the effect of the change rate fluctuation on company profitability? 9.  If unit labor costs in  Spain and Portugal rise, but unit labor costs in Germany decline and other producer prices remain unchanged, what effect should these factors, by themselves, have on export trade, and why?

Week 1 - ECO 550 Check your understanding Chapter1:  Problems 2,3 and 6 and Chapter 2:  Problems 1, 5 and 6    2.  Explain several dimensions of the shareholder-principal conflict with manager-agents known as the principal-agent problem. To mitigate agency problems between senior executives and shareholders, should the compensation committee of the board devote more to executive salary and bonus (cash compensation) or more to long-term incentives? Why? What role does each type of pay play in motivating managers?   3.  Corporate profitability declined by 20 percent from 2008 to 2009. What performance percentage would you use to trigger executive bonuses for that year?  Why? What issues would arise with hiring and retaining the best managers?    6.  In the context of the shareholder wealth-maximization model of a firm, what is the expected impact of each of the following events on the value of the firm? Explain why. a. New foreign competitors enter the market. b. Strict pollution control requirements are enacted. c. A previously nonunion workforce votes to unionize. d. The rate of inflation increases substantially. e. A major technological breakthrough is achieved by the firm, reducing its costs of production.   1.  For each of the determinants of demand in Equation 2.1, identify an example illustrating the effect on the demand for hybrid gasoline-electric vehicles such as the Toyota Prius. Then do the same for each of the determinants of supply in Equation 2.2. In each instance, would equilibrium market price increase or decrease?  Consider substitutes such as plug-in hybrids, the Nissan Leaf and Chevy Volt, and complements such as gasoline and lithium ion laptop computer batteries.   5. Two investments have the following expected returns (net present values) and standard deviation of returns: Project Expected Returns Standard Deviation A $50,000 $40,000 B $250,000 $125,000   Which one is riskier? Why? 6. The manager of the aerospace division of General Aeronautics has estimated the price it can charge for providing satellite launch services to commercial firms. Her most optimistic estimate (a price not expected to be exceeded more than 10 percent of the time) is $2 million. Her most pessimistic estimate (a lower price than this one is not expected more than 10 percent of the time) is $1 million. The expected value estimate is $1.5 million. The price distribution is believed to be approximately normal. a. What is the expected price? b. What is the standard deviation of the launch price? c. What is the probability of receiving a price less than $1.2 million?   need help with the assignment please.  Thank you. 2.  Explain several dimensions of the shareholder-principal conflict with manager-agents known as the principal-agent problem. To mitigate agency problems between senior executives and shareholders, should the compensation committee of the board devote more to executive salary and bonus (cash compensation) or more to long-term incentives? Why? What role does each type of pay play in motivating managers? 3.  Corporate profitability declined by 20 percent from 2008 to 2009. What performance percentage would you use to trigger executive bonuses for that year?  Why? What issues would arise with hiring and retaining the best managers?  6.  In the context of the shareholder wealth-maximization model of a firm, what is the expected impact of each of the following events on the value of the firm? Explain why. a. New foreign competitors enter the market. b. Strict pollution control requirements are enacted. c. A previously nonunion workforce votes to unionize. d. The rate of inflation increases substantially. e. A major technological breakthrough is achieved by the firm, reducing its costs of production. 1.For each of the determinants of demand in Equation 2.1, identify an example illustrating the effect on the demand for hybrid gasoline-electric vehicles such as the Toyota Prius. Then do the same for each of the determinants of supply in Equation 2.2. In each instance, would equilibrium market price increase or decrease?  Consider substitutes such as plug-in hybrids, the Nissan Leaf and Chevy Volt, and complements such as gasoline and lithium ion laptop computer batteries. 5. Two investments have the following expected returns (net present values) and standard deviation of returns: Project Expected Returns Standard Deviation A $50,000 $40,000 B $250,000 $125,000 Which one is riskier? Why? 6. The manager of the aerospace division of General Aeronautics has estimated the price it can charge for providing satellite launch services to commercial firms. Her most optimistic estimate (a price not expected to be exceeded more than 10 percent of the time) is $2 million. Her most pessimistic estimate (a lower price than this one is not expected more than 10 percent of the time) is $1 million. The expected value estimate is $1.5 million. The price distribution is believed to be approximately normal. a. What is the expected price? b. What is the standard deviation of the launch price? c. What is the probability of receiving a price less than $1.2 million?

MGMT410 All Discussion Questions

Overview Universities are not known to have union activity. However, a case involving resident assistants at the West University requested to be represented by UAW (United Auto Workers) union for collective bargaining. The case reviews regulating labor relations, contract negotiations, labor management, and union activity. Here are several tips for successfully completing this case study: You should incorporate information from the textbook, the lectures, and/or the discussions to support your position. In other words, tell me more than just your opinion. Provide some relevant facts from the course material to support your position. Make sure to fully explore your thoughts with each question. Your answer for EACH question must be within the range of 250 to 350 words (use MS Word’s word count feature on the Review tab to ensure that your answer is not too brief or too verbose). Be sure to answer each question fully, because you are subject to point deductions for incomplete answers. Use 1.5 line spacing. Also, please remember you will be using information supporting your position from sources such as our textbook, articles, and the Internet. You MUST use proper APA citations and references. See the Syllabus for an APA tutorial. Also, do not rely too heavily on borrowed material. It should NOT dominate your work. Point deductions will occur if more than 15% of the answer is borrowed. I want to read YOUR thoughts on these questions. Case Study Read the following case study and answer the questions found in the section below. West University is a large college located in Phoenix, Arizona. Since its inception, the university experienced tremendous growth. The campus is located on 1,200 acres with more than 20,000 students providing on-campus housing to more than 11,000 students. Residential Life, a department within Housing Services, provides support for all aspects of the student's experience in the residence halls. There were 30 residence halls supervised by area directors (ADs), 23 resident directors (RDs) supervising the staff and office operations, and 32 graduate student assistant resident directors (ARDs) who reported to and assisted the RDs and co-supervised 300 RAs . Resident assistants (RAs) are undergraduate students who live on a floor in a residence hall. The major responsibilities and duties of RAs can be broken into eight areas: University Community building. Resource and referral agent. Crisis intervention and management. Administrative duties. Staff meetings and schedule coverage. Training. Performance appraisals. General 0olicy management. RAs hired were required to sign a job description and a resident assistant Memo of Understanding (MOU). The MOU outlined the terms and conditions of the position including compensation, work hours, GPA standards and several other requirements. An RA who worked a minimum of two semesters, was enrolled in the university with at least a 2.5 GPA, and not received formal punishment from the university could be considered for a community development assistant (CDA) position. The CDA was a mentor to RAs and assisted with problems. CDA compensation and other work-related requirements were identical to those of RAs. Human Resource Policies for RAs and CDAs RAs and CDAs had mandatory requirements to arrive on campus three days before each semester begins for mandatory training and building preparation. There was a 20-hour-per-week time commitment that included a stipend of $1,820 for the academic year with deductions for federal and state income taxes. RDs are their direct supervisors, conducted their performance reviews, and maintained their personnel files. RAs and CDAs who violated disciplinary guidelines were subject to a progressive disciplinary procedure. Collective Bargaining on the West University Campus Public employees were granted the right to join unions, present proposals to public employers but there were no obligations for these employers to engage in bargaining with these public employee unions. A few unions were active at the West University. Collective bargaining rights were granted to most of the public employees by passage of the state's general law allowing them to form, join or participate in unions. The law also granted bargaining collectively over terms and conditions of employment. West University recognized the Graduate Employee Organization (GEO), an affiliate of the United Auto Workers, as the collective bargaining representative for a variety of graduate student positions including teaching assistants, research assistants and ARDs. The West University now had a workforce that was predominantly unionized and a climate where unionization and collective bargaining were common aspects of university life. RA Challenges The RAs are challenged with disciplining residents, dealing with the retaliation and disgruntled residents. There was a 55 percent RA turnover rate. RAs were fired and some felt this was questionable and unwarranted when a resident doing the same thing was given a written warning. Grievance committees were formed and many meeting occurred but to no avail. There were also concerns with compensation. Some RAs approached the GEO to discuss the opportunity to form an RA union. The GEO agreed the concerns and complaints were similar to other workers. A committee was organized to gather enough signatures to declare representation by the United Auto Workers for collective bargaining. The majority of the RAs and CDAs signed and the request was sent to the University for voluntary recognition and it was denied because undergraduates are students. Those RAs/CDAs who opposed the union representation thought the others were over reacting. During the last hiring, twice as many applicants applied than positions available. As for firing, 12 out of 600 RAs were terminated over the last two years. The University contacted the state labor relations commission (LRC) to dismiss the petition because the law did not require collective bargaining for those who perform services as students. The commission determined that the RAs and CDAs could legally organize and engage in collective bargaining. A secret ballot election was to be held to determine the preference of the employees. Case Questions Does the labor law encourage or discourage unionization? Do you think teaching assistants should be considered employees? Do you think management's reaction to employee interest in unionization differs if the employer already has a high union density among other employee groups? What are the key factors that led some RAs to have interest in union representation? Do you think that RAs have legitimate job-related concerns, or are the RA complaints overstated? Do the RAs opposed to unionization have legitimate concerns? How could unionization change the culture of Residence Life? How does the law regarding union recognition for public employees in this state compare with the NLRA rules regarding union recognition for private-sector employees? Why did the LRC determine that RAs and CDAs were employees? Do you agree with the LRC decision? Why? Why not? Statistical data retrieved from http://www.bls.gov/news.release/union2.nr0.htm . Learning Questions After reviewing the case study, answer the following learning questions: 1. Does the labor law encourage or discourage unionization? 2. Do you think teaching assistants should be considered employees? 3. Do you think management's reaction to employee interest in unionization differs if the employer already has a high union density among other employee groups? 4. What are the key factors that led some RAs to have interest in union representation? Do you think that RAs have legitimate job-related concerns, or are the RA complaints overstated? 5. Do the RAs opposed to unionization have legitimate concerns? How could unionization change the culture of Residence Life? 6. How does the law regarding union recognition for public employees in this state compare with the NLRA rules regarding union recognition for private-sector employees? 7. Why did the LRC determine that RAs and CDAs were employees? Do you agree with the LRC decision? Why? Why not? You must NUMBER your responses on your assignment. You do not need to repeat the questions above. Please title your assignment with your LAST NAME and week number (e.g., SmithWeek2.docx). Also make sure to include your name, date, and assignment information on your assignment paper. Submit it to the Case Study Dropbox located on the silver tab at the top of this page. For instructions on how to use the Dropbox, read these step-by-step instructions or watch this Dropbox tutorial. See the Syllabus section "Due Dates for Assignments & Exams" for due date information. I will grade your assignment and post the grade and comments in the Gradebook. Please let me know if you have any questions! As always, I HIGHLY recommend that you see The HUB Library Port to view the following Flash presentations on APA guidelines for citing sources and how to avoid plagiarism.

Overview After reviewing the simulation, choose one of these three strategies as a possible proposal for the CEO. Explain and justify your choice by including responses to the Learning Questions in your proposal. Possible Strategies 1. Employees will receive absolutely no raises, and performance management is eliminated throughout the economic crises. Therefore, employee wages will remain the same regardless of position held; no performance reviews are given; and there will be no adjustments of missions, goals, and duties during this period. 2. Performance, as well as revenue, is reviewed every 6 months. This way it allows JVA Corp. to cut or increase pay every 6 months and review its bottom line. Employees can also benefit by having the opportunity to earn pay raises potentially twice a year, rather than the typical annual reviews. 3. Review and make any necessary changes to the guidelines for performance management within JVA Corp. First review the mission and goals for JVA Corp. Then review the requirement of each employee. A review of compensation packages is also necessary, so evaluate commission packages, expenses covered, perks, and necessity of onsite amenities that are currently covered. Based on the costs that have been calculated, a net savings should be evident to allow for major or minor cost savings for JVA Corp. In the midst of calculating ways to save expenses for JVA Corp., don’t forget that your duty as an HR director is to also ensure the well-being of employees. It’s important to also represent the workers while looking out for the interest of the company. Your paper should address the appraisal process, performance management systems, ways to make performance management systems more effective, various classifications of rewards, the goal of the compensation administration, and compensation programs. JVA Corporation Simulation View this simulation and read the simulation overview before working on this week's assignment. Check this JVA Corporation Simulation to view it. You can replay this simulation by clicking the Replay button. JVA Corporation JVA Corporation, established in 1995, is an international manufacturing firm based in Plano, Texas. JVA Corp. produces wireless technology devices such as cellular phones, walkie-talkies, intercoms, and GPS units. The JVA campus headquarters is an impressive 17-acre facility that includes manufacturing and office space. Employees enjoy the additional amenities of a break room lounge, fully equipped exercise room, kitchen, and cafeteria. In addition to the amenities onsite, employees are offered various discount tickets, discounts on various personal services such as cell phones, gym memberships, home and auto insurance, and JVA Corp. credit cards. JVA Corp. is a private company owned by the founders and private equity investors. JVA boasts 185,000 worldwide employees. Of these, 3,500 are full-time salaried managers, which includes department managers, warehouse managers, logistics managers, human resource managers, security managers, facility managers, and shift supervisors. The rest of the employees are either full time or part time and paid an hourly wage with bonuses based on the number of goods produced and number of goods marketed. Performance Management As we begin this journey into benefits restructuring and employee performance management, let's also consider the various aspects it entails. Performance management is often misunderstood to only mean performance appraisals or performance reviews. In actuality, performance management is a continuous process that consists of three steps: defining acceptable employee performance; facilitating employee performance; and encouraging employee performance. Performance management is accomplished through consistent and timely feedback about employee performance focused on achieving strategic objectives and meeting goals and mission of the organization. Compensation Packages It is often the case that an employee becomes eligible for compensation increases after a certain length of service time. In doing so, more often than not, employees are reviewed based on performance. Thus when an employee's performance is rated highly, then they may be offered additional compensations or compensation in the form of other means rather than monetary. Ultimately, the balancing of these three areas—external market, internal organization, and the individual's profile— is what determines what pay structure is equitable. Shortly after the terrorist attacks of 2001, JVA Corp.'s revenue soared by 60% for the next 5 years and stabilized for the last couple of years until the world faced sudden recession. As many industry businesses suffered and workers lost jobs, JVA Corp. is still in business and has been trying to achieve stability through the shakeup. Since the recent economic hardships, JVA Corp. has suffered from a net loss of $53 billion (17%) in the fiscal year. You have been in the position of HR Director since 1999, so the chief executive officer has full trust in your suggestions and final decisions. The CEO, Katelyn Van Michelson, has entertained the possibility of closing the doors to a few of their international factories, but it is not the preferred course of action. Before JVA Corp. proceeds to make such drastic cuts, you have suggested making some cuts in the compensation area of the company costs and the structure in which performance management was previously conducted. Ms. Van Michelson was intrigued by this idea and asked that you to submit a proposal of the cuts to take place and how those cuts will affect JVA Corp.'s future, as well as its employees. Using your education, expertise, and passion for making changes and improving the well-being of JVA Corp.'s employees, you will prepare a proposal to be reviewed by Ms. Van Michelson within 1 week. She will scrutinize it and thus make a final decision on how to save and preserve the overall profitability of this company. As an HR Director, you will review the cost of all additional compensation programs that JVA Corp. offers, exceeding the current base salaries for employees. The current package includes commissions, bonuses, profit sharing, and travel rewards. Based on the calculation of 150,000 employees within the United States and not counting international locations, JVA Corp. is currently spending 8% of its revenue for additional compensations or perks. Within the 150,000 employees, approximately 35% are eligible for all of those additional perks, and the rest are offered a base salary with no option for additional compensation. In order to cut costs, an alternate solution will be proposed with a goal of spending only 5% of revenue instead of the current 8%. Learning Questions In making your selection, be sure to consider the following concerns: 1. How permanent or temporary is the change? 2. How much will employees lose by the change? 3. How much will JVA Corp. save by the change? 4. How will it affect the employees? 5. How will it affect JVA Corp.? 6. How will it affect the community? 7. Should international employees be subject to the same changes? 8. Does it matter whether the employees are in its U.S. base or international locations? Don't think of these decisions with specific monetary costs but in opportunity costs (time, morale, dedication, etc.). Your total report must be between 500 and 750 words (use MS Word’s Word Count feature on the Review tab to ensure that your answer is not too brief or too verbose). Be sure to use the questions above as your guide in selecting a recommended strategy. You are not required to answer each and every question specifically as long as your report addresses how you considered and evaluated each of these eight concerns to determine the appropriate strategy, meets the word count range, and employs one of the three strategies above. Use 1.5 line spacing. Please remember that you will be using information supporting your position from sources such as the textbook, articles, and the Internet. You MUST use proper APA citations and references. Also, do not rely too heavily on borrowed material. It should NOT dominate your work. Point deductions will occur if more than 15% of the answer is borrowed. I want to readYOUR thoughts. Please title your assignment with your LAST NAME and week number (for example, SmithWeek1.docx). For instructions on how to use the Dropbox, read these step-by-step instructions or watch this Dropbox tutorial. See the Syllabus section "Due Dates for Assignments & Exams" for due date information. I will grade your assignment and post the grade and comments in the Gradebook. Please let me know if you have any questions! As always, I HIGHLY recommend that you see The HUB Library Port to view the following Flash presentations on APA guidelines for citing sources and how to avoid plagiarism.

Case Study: Off-the-Job Behaviors Overview - You will remember that the lecture mentioned that HR professionals are often criticized as being vacillators who often give the dreaded response of "it depends" when asked about the legality of a situation. Balancing the rights of employees with protecting the organization is often complex and may deal with employee behavior both on and off the job. This exercise will shed some light on how off-the-job behaviors may impact the organization and what Winn-Dixie chose to do about perceived damage to their image. Reviewing this case study will reveal the complexity of employment law and the dilemma it poses for HR professionals who want to both support employees in the best way possible and protect the organization at the same time. Learning Questions - After reviewing the textbook case study on pages 107 and 108 of your textbook, answer the following learning questions: 1. Do you believe OilerÂ’s employee rights were violated? Explain your position. 2. What do you see are the consequences of organizations that punish employees for certain off-the-job behaviors? Explain. 3. Would you consider Winn-Dixie an organization that exhibits characteristics of progressive discipline or the hot stove approach? Defend your position.

1. (TCO H) What is the maximum value of a verbal contract? (Points : 5) $100  $200  $300  400  500 2. (TCO F) Which is not part of the award phase of the contract management process? (Points : 5) Source selection  Contract negotiation  Contract formation  Contract administration  All of the above 3. (TCO D) What are two major types of authority applicable to a contract manager/project manager? Briefly explain each of these authorities. (Points : 16) 4. TCO A) Describe three techniques that build trust and a lasting partnership. Give an example for each technique and how it would impact an organization. (Points : 18) 5. (TCO B) Describe the seller's pre-award stage of the contract management process. Give an example of the activity that takes place in each step. (Points : 16) 6. ((TCO E) Describe and explain some of the tools and techniques that should be used in source selection. For example, is negotiation the only effective tool for source selection or are there others? a .Contract negotiation, weighing systems, screening systems, and independent estimates are all manners to select appropriate sources. Regardless of the source required, there should be a process to screen suppliers in a way to empirically select a source. This reduces personal bias and other factors from the process. Page 146 (Points : 16) 1.  (TCO C) Compare and contrast fixed price agreements with cost reimbursable agreements and with time and material agreements. Offer your opinion on which type of contract would best suit your organizational needs if you had to only select one type of agreement for all your suppliers and sub-contractors. (Points : 16) 2.  (TCO F) What is source selection, and why is it important? (Points : 16) 3.  TCO G) There are many misconceptions regarding global contract management. Describe three such misconceptions, and describe the reality of actual global contracts. (Points : 16) 4.  (TCO H) One of the tools and techniques used in contract closeout or termination is compliance verification, briefly describe this tool. (Points : 16) 5.  (TCO A) State and elaborate five actions to improve your use of contract incentives. (Points : 20) 6.  (TCO C) Describe qualitative vs. quantitative evaluation criteria. (Points : 20) 1.  (TCO D) Performance-based contracts (PBC) contain five essential elements. (Points : 20) 2.  (TCO E) It has been said that the side that does the most research and planning will often come out best in any negotiation? Do you agree with this statement? Do you disagree with this statement? Defend your position with examples and other information (Points : 20) 3.  (TCO F) What is an indefinite delivery indefinite quantity (IDIQ)? (Points : 20) 4.  TCO G) Describe and compare and contrast the buyer's and seller's post-award phase of the contract management process. Give an example for each step in the process for the buyer and for the seller. (Points : 20) 5.  (TCO H) Describe and explain the awakening phase in the evolution of a project management organization. Explain and defend why this phase is the most important of the process. Use examples to support your ideas. (Points : 20) 6.  (TCO B) What are the unique differences between cost plus incentive fee contracts and fixed price incentive contracts?(Points : 20)

Week 7: Course Project Final Paper (The RMP) Your final paper for the course project (the RMP) is due in Week 7. Please reference the template found in Appendix A, page 197, of the Practical Project Risk Management: The ATOM Methodology text. The course project paper is your Risk Management Plan (RMP). Note the "Guidelines" section below for additional requirements for your final paper.     Guidelines   Just a few reminders on your final course project paper: You will be using the information that you have obtained in the weekly assignments to complete the paper, but you should not simply copy and paste the weekly assignments into each sections of your final paper. Ensure that each of your weekly assignments has been submitted and graded. Remember that the paper is only one part of your weekly work and that your weekly assignments make up critical information you will use to write your final course project paper. Follow the format as indicated in the Deliverables section, above. One of the most important steps that you can take: PROOFREAD your paper!!! Have someone else who does not know about the project read the paper. If he or she can read and fully understand what you're saying, you probably have a good paper. Remember: You know what you're saying, but does the reader understand the message that you're trying to convey? This one element will save you time and the grief of a poor grade for grammar and readability. Papers must be 15 to 20 pages in length (this would be roughly one page per area included in the report), 10-point font, double-spaced, and must include a cover page, table of contents, introduction, body of the report, summary or conclusion, and works cited. Even though this is not a scientific writing assignment and is mostly creative in nature, references are still very important. At least six authoritative, outside references are required (anonymous authors or web pages are not acceptable). These should be listed on the last page, titled "Works Cited." Appropriate citations are required. All DeVry University policies are in effect, including the plagiarism policy. Papers are due during Week 7 of this course. Any questions about this paper may be discussed in the weekly Q & A Discussion topic. This paper is worth 175 total points and will be graded on quality of research topic, quality of paper information, use of citations, grammar, and sentence structure. Submit your final course project paper to the Week 7 Course Project Dropbox located on the silver tab at the top of this page. For instructions on how to use the Dropbox, read theseStep-by-Step Instructions or watch thisDropbox Tutorial. See Syllabus/"Due Dates for Assignments & Exams" for due date information.