...Final Paper Christopher A. Malloy PHI 445: Personal & Organizational Ethics Instructor: Sandra Watts June 3, 2013 Final Paper The two organizations I will be focusing on throughout the course are two organizations I have actually donated to. The not-for-profit organization is the American Red Cross and the for-profit organization is Cancer Treatment Center of America. Being in the military and having a family member to have passed from cancer, these two organizations are dear to me and my family. The American Red Cross of America is the type of organization that produces products to support disaster relief, supporting the military families, health and safety training and education, blood drives for lifesaving blood and international services. The majority of their employers are volunteers that have been involved with the Red Cross because of the help they received during a disaster or life-changing event in their family. Their customers are the American people during times of disaster such as tornado, flood, fire or earthquake victims. Their customers are also, internationally whenever disaster strikes. So the treatment of them both, such always is fair and impartial. The American Red Cross manufactures their product through corporate and foundation funding, community partners, individual major donors and a national celebrity cabinet. The way they utilize their product is by teaching their employers and customers how to prepare their home and family, school...
Words: 3025 - Pages: 13
...To raise more revenue, Nobody State University increases its tuition so, this would not increase the revenue but it would decrease the revenue. If one increase then the other would definitely decrease. No it would definitely not result into more revenue to have more revenue Nobody State University would have to decline some enrollments in order to increase the revenue. Most likely Nobody States University will not decline enrollment so the cost of tuition would definitely be increased. Under what conditions will revenue (a) rise, (b) fall, or (c) remain the same? Revenue would not fall or remain the same it would increase more likely due to the economic industry. Tuition have risen in the past and it has not stated the same or lowered while economic crisis continues to rise tuition cost would also increase. Explain this process, focusing on the relationship between the increased revenue from students enrolling at NSU despite the higher tuition and the lost revenue from possible lower enrollment. The tuition fees raises but, it is due to the economic of health care, other industry with a huge cost problem. Both college education and health care have raised sharply in most developed countries not only the United States. The government is the real reason why tuition is raised and it is to replace state revenues or other private revenue sources because state subsides are going down. The student has been rising steady for decades because once subsides get cut...
Words: 775 - Pages: 4
...In order to assess whether raising tuition will increase or decrease revenue we need to determine what revenue is. Total revenue is the number of dollars that an organization receives from people who purchase its products or services (Amacher & Pate, 2013). The formula to compute total revenue is to multiply the price of each unit sold by the quantity of units sold. tr = p x q or total revenue = price x quantity In the case of the Nobody State University, p (price) is the tuition students pay and q (quantity) is how many students are enrolled yearly. If the total annual costs are held constant, a raise in the amount of tuition paid by every student will result in an increase, in total revenue. However, raising the tuition may not result in an increase because there may be a decrease in students enrolling which would result in a decrease in revenue. In cases where the total annual costs are not constant, increase in tuition will not necessarily result in a rise in the total revenue. There are many factors that determine the amount of revenue an organization will get. Costs (variable, fixed, and marginal costs) are factors that affect revenue (Khan Academy, n.d). For a school, the total cost is the money the school has to spend to teach the students. The balance determines whether revenue will increase or increase. An increase in the total annual revenue for the university happens under certain conditions. It will increase if the number of students enrolled increases...
Words: 939 - Pages: 4
...| AssignmentOn“Raising or Lowering Tuition for Nobody State University” | | | Tuition Payment in Nobody State University Nobody State University charges their students with tuition fees in order to accommodate them with faculty and stuff keeping, laboratory system, computer as well as technical facilities, library, research and other necessary maintenance. Like worldwide educational institutions, the basic aim is to offer students with a healthy and comfortable education environment. Assessing the Raise in Tuition in NSU Due to failure in generating necessary revenue, NSU has raised its tuition fees from students. Let’s consider the students as “Consumers”. Although they are not consumers in real term, but they are paying their fund in order to avail education. When the tuition fee rises, students will expect more quality service from the university because they will sacrifice more funds and other financial obligations for the institute in which they study. Moreover, they will give higher value to the time they spend in university. Similarly, the university authority has to be held more accountable to the students not only in terms of the standard of education they provide, but also student experience. There is another opinion that many students will create a hue and cry over the raise in tuition fees, hence they may drop out. Overall, from the university’s viewpoint, the raise in tuition will make them provide superior service which in turn result in a higher...
Words: 1538 - Pages: 7
...Week 2 Assignment: Raise or Lower Tuition? ECO 204: Principles of Microeconomics August 10, 2014 For this week’s assignment we have to assess how to increase the total revenue for a university by raising or lowering the tuition. As a consultant hired to help Nobody State University, I will assist in helping the university find the appropriate solution to help the university survive by changing the cost of tuition. Assess a raise in tuition and if it will necessarily result in more revenue. Raising the tuition at the university would not necessarily result in more revenue. When the price of tuition increases it will cause students to drop out; if the school is trying to keep the same number of students enrolled this will be a problem. However, if they are looking to decrease their enrolment while still increasing their tuition cost they could see an increase in revenue but not much. I would see the university’s goal as getting the most amounts of students to pay the higher tuition fees. Describe the conditions under which revenue will (a) rise, (b) fall, or (c) remain the same. Price determination is a difficult decision; one that should establish a tuition that retains current students, attracts new students, and provides adequate revenues to cover costs. (Byran & Whipple, 1995) Rise Conditions under which revenue will rise would be if the enrolment of students remains the same and rises. The university will have look at other factors that will make their...
Words: 911 - Pages: 4
...Setting Tuition and Financial Aid by Ronald J. Sanders HCM-540, MBOL5, Health Care Organization Instructor: Wenyuan Teng Saint Leo University Distance Learning November 3, 2013 Abstract A college board in Pennsylvania has increased its tuition and fees to the amount of $23,460; a 17.6 increase from the previous year. An increase of 200 additional students inquired to further their education at the college than the prior year. Most college presidents would attribute this to students believing the college is better if the cost is more. Like other major colleges such as Rice University, University of Richmond and University of Notre Dame, the perception is students of prestigious schools believe costs are related to a better education. To contrast this, 10 years ago, North Carolina Wesleyan College reduced it cost of tuition and fees by 22 percent and watched its number student application fall. Recommendations to resolve the school’s cash flow problems may include the future increase of tuition and fees. This case study deals with the managerial decision of setting tuition and financial. Many factors are associated with demand and price elasticity of demand. There is an economic relationship between demand and price? After reading this paper, student will have a better understanding of those things that may affect tuition and fees for colleges. Introduction An individual can demand so many things. The concept of demand can be easily explained. Every...
Words: 1584 - Pages: 7
...say they worry about covering the cost of college. Should such an important step in the life of many young adults be so drastically overpriced? Paying for a college education without taking out loans developed into impractical idea. In effect, most young adults have large amounts of debt in advance to them starting their carrier. Although some people believe college tuition is fairly priced, colleges and universities take advantage of the students feeling that a college education determines their success. On the other hand, supporters of the current college tuition average mostly credit a high inflation rate, a high increase in the demand for a college education and a high increase in the number of professors. For example, an argument...
Words: 550 - Pages: 3
...a thesis paper done for the University of Richmond in 2008 (Wright, 2008). In his thesis Wright looked at what effects, if any, a tuition increase has at a private, nonprofit, liberal arts college, to the quality of the students that the school attracts. By setting up a model to compare to student quality to tuition increases, Wright was able to measure the price elasticity between the two. Wright's theory was that upper level schools raise tuition to enhance the perception of the quality of the education provided by that institution along with the physical resources available to students. By knowing that tuition hikes at upper level schools will have little effect on that schools ability to draw top notch students, the colleges are able to take that extra revenue and improve the quality of the education provided. Not wanting to lower their actual or perceived quality, private college presidents had little reason to keep their prices down; the worst thing a president could do during this time was to lower tuition relative to that of a less prestigious university (Breneman, 1994). However, the price elasticity of rising tuition compared to student quality at lower level schools, Wright contended, was not necessarily as evident. What Wright did was establish a model of a lower level, private, non-profit schools and compared the effects of tuition increase on incoming student quality. To Price Elasticity measure student quality Wright compared average SAT scores and the...
Words: 555 - Pages: 3
...appropriations. These courses of action include tuition increases, attempting to increase enrollment through out-of-district campaigning, finding additional charitable donations, partnering with private companies, and looking at unconventional bond issuing. Each method of fund-raising has its own advantages and disadvantages. All of these methods, along with their benefits and drawbacks will be discussed. According to the State Higher Education Executive Officers Association (2012), enrollment for colleges and universities has experienced an overall growth of 16.9 percent since 2006 and an overall growth of about 33 percent in the last ten years (p 19). While this should be good news for higher education, unfortunately, state appropriations have not matched this exciting growth in enrollment. According to the report, appropriations per FTE dropped from an all-time high in 2001 of $8,316 to $6,290 in 2011 – lower than any year since 1980. This data indicates that while school must serve a growing number of students, they have fewer resources with which to serve each individual. Obviously the easiest solution is to look for ways to save money – lower spending and increase efficiency. However, cutting costs can only get an agency so far. In order to truly make up for such a deficiency, agencies must look for ways to raise revenue. Tobenkin (2013) lists several initiatives that schools can undergo to raise revenue: reevaluating tuition, pursuing nonresident students, increasing...
Words: 1640 - Pages: 7
...This article first touches on the huge raise of the cost of assets such as income, housing, a car, and tuition since 1974. The increase has been immense in just the past 41 years. Following this, the article analyzes the business aspects of higher education, stating that the success of the economy is greatly reliant on the success on students in their schooling. “Workers with more education are more productive, which makes companies more profitable and the overall economy grow faster.” (Adam Davidson, “Is College Tuition Really Too High?”) This is basically saying that without a higher education, the general success of an individual is hindered. Although, this hindered success is largely a result of such previously named cost increases. Tuition has risen faster and higher than inflation has over the years, “the higher the prices that schools charge, the more options they have in recruiting exactly the students they want.” (Adam Davidson, “Is College Tuition Really Too High?”) With seemingly less accessible education though, such as in elite private institutions which are much more costly with lower acceptance rates, higher graduation rates become a result. This is because the students that are granted entrance into these elite schools are more dedicated to their education than the provided statistics of those in public schools concerning the percentage that gradate in four years or graduate at all. “The enormous financial value (and cultural currency) of the product they are...
Words: 825 - Pages: 4
...College Tuition: Fighting the cost of college tuition Imagine having your dream job with good pay and everything you have ever wanted. However you end up with thousands of dollars in debt due to college tuition being so expensive. With the price of college tuition being expensive, more jobs are having higher standards in who they are hiring. Which results in more kids going/wanting to go to college. With colleges knowing this, they start to raise their tuition rate. College tuition has become too expensive for the middle-class family to afford. The cost of tuition is rising and will continue to rise. Most schools are continuing to increase the cost of tuition while spending money on things that are not going towards the students. Such as...
Words: 829 - Pages: 4
...College tuition issue While applying to college, the average student should be looking for the school that suits them best. Where the student will grow and succeed as a student, and more importantly as a person, should be the focus of choosing where to attend school. In this modern day and age students can not focus on this. The price of going to a 4 year university is and has been growing exponentially for years,much faster than the average family income is rising, thus making the choice of where a student goes to college almost exclusively based on what their family can afford. Student loans are the main source of how students pay for college, putting the average student in debt right from the start of their adult lives. The issue...
Words: 1436 - Pages: 6
...Affording College: Affects of rising tuition cost on students Ashley Mason General Orientation Dr.Graham January 27, 2014 Abstract In this paper I will be discussing the affects of rising tuition rates in America in private and private colleges and universities. I will go into great detail on how this is affecting students. My research suggests that over the years the American family’s income has not been able to keep up with cost of college tuition. Because of this we see a drastic decrease in enrollment and also in drop rates being that student cannot afford to go to college. Higher tuition, more fees and bigger classes are things that will be awaiting student for generations to come as they apply to enroll into college in the fall. The Cost of College tuition in the United States is steadily growing. Students and their families have been dealing with this using many different methods. These methods however may not be the most effective or beneficial. Some students do things such as work more hours to pay for college, which consequently causes them to lower their course load. This causes them to spend more time in college subsequently causing them to spend more and more money. It has been reported that since the year 1978 that college tuition has increased by a sky rocketing 1200%. This means that the cost of college tuition has been increasing faster than family income and it also has increased 4 times...
Words: 1077 - Pages: 5
...Nobody State University Tuition Universities must constantly weigh tuition pricing in relation to the cost of providing quality educational services. Determining where to set tuition pricing is an increasingly critical decision which administrators and university presidents must analyze when considering the university’s goals. Not only does the cost of tuition play a factor in student enrollment, it also provides a major revenue source to an institution. The question which universities must answer is, “What effect will raising or lowering the university’s tuition have on the total earned revenue? This paper investigates this question and reviews under what conditions a change in tuition prices will cause the revenue to rise, fall, or remain constant. Finally, applying a hypothetical tuition elasticity coefficient of demand for education value of -1.2, provides a tuition increase recommendation to the Nobody State University’s president and administration board based upon the university’s potential revenue impact. Historically, the demand for a university or college education has not reduced as prices have risen. In fact, even though prices have gone up, the number of college applicants has continued to rise. Meagan Pant writes in her article in the Tribune Business New, “The majority of Americans think college is too expensive for most people to afford -- although the widely held opinion has not hindered skyrocketing enrollment or stopped virtually all parents from expecting...
Words: 1309 - Pages: 6
...This assignment had me answer questions before I read two articles, I answered these questions to what I believed in and how I thought the government was handling certain things. I learned that Obama is trying to raise the minimum wage and is trying to help college goers by trying to reduce student debt. I learned that there are some things that I am unsure of. My answers before I read the two articles did not change after I read the two articles. I still believe that higher education prices are too pricey and that if it wasn’t so high that our unemployment percent would not be as high as it is because people could afford to go to college. I do not think that the minimum wage should increase because the jobs that give minimum wage are jobs for children in school or people that are unable to work in the working environment. I think that if Obama raises minimum wage then people will not care that they don’t have an education and take the jobs that, for example, a first job for a teenager would work. I believe that if minimum wage is raised to $10.10, than people will not attend college to get the degree, but will still be making a decent amount of money that one of the lowering paying jobs make but require a degree. From this assignment I learned that there is a lot going on in the government that I am not fully aware of. Although, I have my opinions on what I think should happen, I did not realize that Obama was taking action on these things. I learned that I need to pay...
Words: 534 - Pages: 3
