...Government Price Controls Answer the following questions fully and clearly. Be sure to explain why you answered as you did, stating the logical reasons for reaching your conclusions. There are federal and state laws setting minimum wages for workers. There are also city laws setting price ceilings for housing rents. Why are there laws setting minimum wages for workers and maximum rents for housing? The U.S congress first instituted a minimum wage with the Fair Labor Standard Act of 1938 to ensure worker’s can afford minimally adequate standard of living.(Mankiw,2008). However, minimum wage laws may raise the income of some workers, but they also cause other workers to be unemployed. The wage levels are fundamentally determined by the productivity of its labor force. The impact of the minimum wage depends on the skills and experience of the workers. The rent control policy such as maximum rents for housing was created to set a legal maximum on the amount landlords can charge for their properties. it is also known as Emergency Tenant Protection Act. The policy helps the poor by making housing more affordable. according to Mankiw, (2008) rent controls are beneficial but can also be disadvantaging because rent control may keep rents low, but it also discourage landlords from maintaining their buildings and housing hard to find. Why are there no laws setting maximum wages for workers or minimum rents for housing? There are no laws for setting maximum wages for workers...
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...| Final Exam | AMBA 610 | April 16, 2013 | | Issue 1 – Ethics and Legal Environment The Badaracco’s video file from 2002 lists many important and critical analysis methods for finding a solution to right vs. right problems. He lists four main questions and three tests that will be answered in this answer to find the solution to how the HR should handle the situation with Sansa. Which way of proceeding will get the best net-net consequence? Badaracco’s (2002) right vs. right framework has the first question as what will get the greatest happiness for the greatest number of people. In this question, Sansa’s pros and cons are to be compared with the pros and cons of other employees of Iron Throne Industries (ITI). If HR lets Sansa to work as senior VP at ITI without her having an MBA, many other employees who have worked hard to get an MBA to apply to such positions might feel angry and distrust. Others might feel the credibility of their company has gone down. If she can falsify on resume, she could falsify other documents as well. On the other hand, if Sansa is let go for the reason of lying on the resume and not having an MBA, which was a requirement when she was promoted, the company would be losing an excellent employee who has shown that she is more than capable of her job. In this case, letting Sansa continue to work as a senior VP not only helps Sansa but also to all the employees of ITI as she has been an outstanding worker and would further increase revenue...
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...Based on Colquitt, Lepine, and Wesson (2013), an inimitable is defined as something that cannot be imitated (p.11). I used to work for Nordstrom in Annapolis, MD where the nature of our business is sales. We have to make sure we are assisting customers while completing everyday task and keeping an eye on our department. Unfortunately, we are very busy and need help with watching our department. There are some customers who are there trying to figure out a way to scam the company. Because Nordstrom believes in given excellent customer service, we have to work hand and hand with Loss Prevention (LP) in order to let them to keep an eye out for those few bad seeds. Therefore for us as sales associates and Nordstrom, loss prevention is an inimitable resource. Loss prevention is a source we use to not alarm the other customers or the customer who is trying to commit a crime or even if an employee is trying to steal from the company. Loss prevention has the skills, resources, and the appropriate abilities in order to catch these particular customers in the act of trying to prevent the loss of inventory or monies. The reasons Nordstrom can implement loss prevention is to make their business better. Companies have many functions in place in order to protect themselves; therefore loss prevention is just another function in place in order to protect the actual merchandise they are selling. This function can manage the loss of the company, which will increase the profitability of...
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...In one of my working place, my supervisor was very generous and very kind to the group members. He never created any pressure to anybody so that everybody worked with freedom. In my supervisor’s eyes group member’s mistake was a part of learning process. He always appreciates for completion of a part of the work. The group members like him a lot. In six months of my working time, one of the very expensive instruments broke down. Since the instruments broke, the samples had to go out in a contract laboratory for analysis. For analysis of samples, Hospital had to spend big amount money instead of earning money. It took more than month to fix the instruments to perform the tests again. However, my supervisor was fired in other instances that I did not know. But one thing I knew that the instrument that broke down was not maintained properly. At that time I did not know what “system thinker” is. After this online MBA class, now I noticed what eventually happened at that time. To my analysis it was a system failure. My supervisor was very kind to his group but he did not take care the whole system. He made a decision to send the sample outside for analysis which was a part of the temporary solution. If the instrument was taken care routinely as it was supposed to it might not happen. According to Reed (2006), “senior leader should see not only the parts of the system but also the whole picture.”In a similar voice, Seddon (spring, 2008) mentioned that “the system governs performance...
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...Identifying and Developing Emergent Leadership within the United States Patent and Trademark Office (USPTO) Kevin Williams University of Maryland University College Professor Boyle Abstract Identifying and Developing Emergent Leadership Introduction. While it is easy to define leadership as someone who has the ability to influence others in achieving a goal or mission (Robbins and Judge, p.191), providing a qualitative definition is challenging. How does one define good leadership? Answering this question is quite difficult as we all have different workforce experiences and perspectives. Just as individuals struggle with this question, so do organizations. As with most organizations, not only is there a struggle to define good leadership, there is a constant struggle to identify and develop leadership potential. Organizations are quick to identify, assessing and developing leaders as top priority, but as with most organizations they fail to implement a formal construct. On average, only 31 to 55 percent of large organizations have developed formal programs to identify and develop leadership potential (Dries and Pepermans, 2012). There are many challenges that confront organizations in developing a formal program, the most common being identifying the criteria that presently being used as opposed to what should be used (Dries and Pepermans, 2012). In their research, Dries and Perpermans discovered that in a lot of instances, organizations were relying on gut feelings...
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...MAIN ADVANTAGES AND DISADVANTAGES OF THE SARBANES-OXLEY ACT (SOX) OF 2002 When the US Congress hurriedly passed the Sarbanes-Oxley Act of 2002, it had in mind combating fraud, improving the reliability of financial reporting, and restoring investor confidence. Perhaps SOX's most burdensome element was Section 404, which says that it is management's responsibility to maintain a sound internal control structure for financial reporting and to assess its effectiveness; and that it is the auditors' responsibility to attest to the soundness of management's assessment and report on the state of the overall financial control system. (Wagmer & Dittmar, 2006) “The apparent motivation for the Sarbanes-Oxley Act was to combat the financial statement fraud problem that continues to plague the United States, as embodied by Enron, WorldCom, Global Crossing, and too many others. Simply stated, Sarbanes-Oxley takes direct aim at the perceived drivers of fraud by attempting to strengthen board and audit committee oversight, increase auditor vigilance and independence, strengthen internal controls and risk management, and create accounting fraud penalties with a significant deterrent effect “(Boatright, 2004). THE UPSIDE OF SARBANES-OXLEY/ADVANTAGES In the Business and Professional Ethical journal, (Gorman, 2009) discusses the Advantages of the SOX Act below * Reduces disclosure process cost, enhance the productivity of internal controls management and increases investor confidence...
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...During the implementation of the Orion Shield project many ethical and legal issues arose. These ethical and legal issues included violations of contractual requirements which were triggered by the involved parties. These issues were further compounded by the failure of senior management to closely supervise to the project manager during the duration of the project. Unfortunately the SEC does not require the production of legal and truthful documentation. Ethical Issues Maintaining and observing ethical rules of conduct should be a requirement for all project managers. Failure to observe an ethical code of conduct during the Orion Shield project produced many ethical issues which resulted in the poor conclusion of the project. These issues can be attributed to every member of the project. The first ethical issue arose when Larson encouraged Gary to make false claims about the components. Stating that the components were operable at 155 F degrees even though the current designs limited operations at 130 F degrees created the first ethical during the project. The second ethical issue during the project can be found in the lack of supervision during the project. As the director of operations Larsen should have been available for critical designs decisions that were made during the initial stages of the project. As the director of operations Larsen should have remained available and supervised Gary’s work. However, while Larsen failed to supervise Gary’s decisions about the...
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...Grading Criteria - Individual Assignment Critical Thinking in the Legal Environment: Torts and Products Liability Objective 1: Apply models of critical thinking and systems thinking to address complex organizational issues. Objective 4: Analyze the link between ethics and organizational effectiveness Objective 5: Apply legal concepts in the business environment to managerial decision-making and implementation Competencies: Critical Thinking, Information Literacy/Research Skills, Communication Skills Assignment: Research the McDonald's and Pearson cases, and in 10-12 double-spaced pages compare and contrast the facts, law, and merits of the two lawsuits by answering the following questions. Include an introduction and conclusion in your paper. |Criteria |Exceeds Expectations |Meets Expectations |Below Expectations | |Assignment Questions | | | | |1. What are the facts? |Clearly identifies and explains a majority of|Generally correct in identification of |Does not correctly identify the relevant Facts. | | |the relevant Facts in each case. |the relevant Facts, but includes some |Important facts are missing and/or there are an...
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...Knowledge Integration Exam Jeremy Thomas Gugliotta University of Maryland University College This case involving Angela has the ethical decision of what action to do is not that difficult to assess, using the information provided she must act accordingly within the parameters set forth by the law. Angela is a mid-level manager at a transitional pharmaceutical company who happens to be a widowed mother of 3, depending on her 80 thousand dollar salary from work. Angela has been very pleased to work for this employer due to their prestigious standings. The pharmaceutical company has just finished its second phase of testing on their new Ebola drug. The drug is a very important piece to the company and their strategic growth plan. One of the problems that the company must overcome is that of animal testing in an attempt to get approval from the Federal Drug Administration (FDA) to begin their stage of human testing. Without successful human testing their drug will never possess the ability to go on the market. Unfortunately for Angela her boss in a private meeting requested that she change her report to show false information, to a federal agency, to assist the company. This in fact is the issue that Angela is faced with, what to do? When her boss requested this, it puts Angela in a very hard position; lie and hurt the company, or tell the truth and possibly be punished by the company? In falsifying a report to the FDA, Angela would be committing a felony. The request of such...
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...“Leading From the Top Down, How Leadership Styles Affect Organizational Culture” By XXXXXXXXX For UMUC Course: AMBA 600 9048 XXXXXXXX May 5, 2014 Executive Summary Dear Stakeholders, We are experiencing great challenges within our organization to find individuals who first and foremost possess the basic leadership qualities to step-up and lead. This report has been developed to take a look into several leadership styles that can affect our organizational culture in a positive way. Until an effective leadership style is implemented our organization will continue to suffer with finding and retaining officers who are not only qualified and have the ability to lead effectively, but who also want to lead because they believe in our organization and want to see the organization grow and succeed; which in turn means they will succeed. One of the main topics of discussion in our board meetings is the fact that lower management have exhibited a leadership approach or lack thereof that is conducive of running and maintaining a successful workforce; our business relies on our contract officers providing a quality service to our clients. This is a prime example of why our organization is in dire need of adopting a leadership style that will affect our organizational culture in a positive way. Our officers have expressed through their union delegates that they don’t agree with the methods being used by current management, officers have expressed concerns that their...
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...Quality Management: Signing Off on a Substandard Product Ruben Ortiz University of Maryland University College AMBA 600 9042 MBA Fundamentals 2158 24 November 2015 Dr. Susan Malone Abstract Lauren is a quality engineer that is in charge of overseeing the manufacturing of products offered by the highly respected company that she works for. Her company landed a large deal with a strategic customer with the instruction to design a device to be integrated with another product. The reason to pursue this was that the client was experiencing rapid growth. Lauren’s company was chosen due to the fine reputation they have and the fast turnaround time. As the manufacturing process started, test results showed that the product did not meet the criteria set forth by the client. After informing the supervisor of the product shortfall, the supervisor wants Lauren to put the product through. She went a step further and informed the general manager with the same results. This is a very important customer and a large deal for the company that will establish the company within the industry and the managers do not want to jeopardize the contract with the client. Lauren must find the inner strength to inform all parties involved without jeopardizing her relationship with her supervisors or the company reputation. Pushing products that do not meet standards may have the opposite effect that the supervisors believe they need to follow. They are opening...
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...Assignment Kindly answer the following questions, posting your answers to your assignments folder. Include your name within your file, which per our syllabus, should be in pdf format. 1. Your ISM experience a. I have prior experience in information systems management. Yes/No No b. I have managed information systems managers. Yes/No No c. I have used ISM software. Yes/No No 2. The primary role of information systems management in the organization is to s___________ the strategy of the organization. secure 3. ISM is implemented through information and telecommunications t__________y. technology 4. An information system generally consists of people, p___________s, h_____________ and s_____________. Procedures, hardware, software 5. Short-answer: Java is a computer programming language that is said to be object-oriented. What does "object-oriented" mean in the sense of computer programming? Object-oriented programming, according to www.searchsoa.techtarget.com, is “a programming language model organized around “objects” rather than “actions” and data rather than logic”. 6. Besides Windows, two other computer software operating systems are: a. Snow L__________ Leopard b. L____________. Linux 7. Besides Firefox, two other Internet browsers are: a. I___________ E__________ Internet Explorer b. C_____________. Chrome 8. Three features said to distinguish "smart" phones from earlier mobile/cell...
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...Property Rights According to Alchian (1973), property rights are determined based on the ability to establish the ownership of those resources. At times the rights of the property and enforcement of those property superseded those of human rights; therefore, this creates conflict. According to the author Alchian (2008) human rights enforce those property rights and this is were the conflict lies. The owner has the right to establish how those resources are being used and enforced. On the other hand, private property according to Alchian (2008) has three elements that are as follows; the ability to use the resource, provide adequate servcices to the resource and the ability to transfer the resource under a mutual agreement. However, the government via the courts has imposed limitations on private property, which according to many economists negatively impact the economy. The price control is determined by the general society regardless of a private ownership. Therefore, the price of property rights can override the individuals regardless of race, status, age and this often leads to discrimination hence, increases in prices. Moreover, since the government is the only party that benefits from the execution of private property. The author Alchian (2008) explains that more than one individual should enforce private rights in order to affect the market in a positive form. Therefore, equal amount of ownership is disbursed equally and the sharing of the profits is gained as a group...
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...My current organization can leverage the inimitable resources it has firstly by building a conceptual argument. To build an argument such as, my organization has to build a resource-based view that describes what resources are valuable and ultimately creates long-term profits for the organization. According to Colquitt, Lepine, & Wesson (2015), resource-based view is a model that argues that rare and inimitable resources help firms maintains competitive advantage. Those inimitable resources include history with the organization, making numerous small decisions and socially complex resources. To retrieve those resources, a leader in an organization such as a manager should closely examine employees’ behaviors. (Colquitt et al., 2015) states that a number of factors affect performances and commitment include individual mechanisms such as a job satisfaction, stress, motivation, trust, justice, and ethics. Individual characteristics, group mechanisms and organizational mechanisms also factors in on an employee’s performance. One of my co-workers has been employed at the establishment for 5+ years now, and is a great asset and very beneficial at the organization because of her extent of knowledge and history. Recently the manager conducted an individual evaluation with each employee, unfortunate for her, she did not have the best evaluation. Discussing her concern with me, made me reflect, she is the longest employee with the company and she does what is required for her to...
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...WEEK 10 Starbucks Balanced Scorecard University of Maryland University College Professor AMBA 630 12/14/2015 Table of Contents Executive Summary……………………………………………………………………………3 Balanced Scorecard for Starbucks Coffee Company-Figure…………………………………..4 Vision Statement…………………………………………………………………………….…5 Mission Statement…………………………………………………………………………...…5 Values................................................................................................................................…….5 Balanced Scorecard for Starbucks Coffee Company………………………………………….6 Financial Perspective ………………………………………………………………………….6 Customer Perspective………………………………………………………………………….8 Internal Perspective……………………………………………………………………………9 Employee Learning and Growth……………………………………………………………...11 Conclusion……………………………………………………………………………….……13 References…………………………………………………………………………………….14 Appendix……………………………………………………………………………………...16 Executive Summary The balanced scorecard is a technique that helps organizations to implement strategies to reach their mission and vision. In this paper, I will discuss a balanced scorecard that managers of Starbucks Coffee Company should use to measure their business. The first store of Starbucks opened in Seattle, Washington. Jerry Baldwin, Zev Siegl and Gordon Bowker got the idea from Alfred Peet. At first, only coffee beans and coffee making equipment were being sold, but after 10 years Howard Schultz was hired as Director of Retail Operations and he wanted...
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