...Brooklyn College Bus 7240X- Fall, 2011 Prof. Charles H Columbus Midterm Exam- November, 7, 2011 1. What are the key considerations an MNE must address when entering a new geography and what are the new concerns for its Financial Management? Why go Global? The keys considerations are: first, an open marketplace which is the fundamental condition for value creation. Second, a strategic management which is the ability to see business opportunities and to design, develop, and execute a long term plan with the goal to create value. The last thing is the access to capital which is the capability of the MNE to access to affordable capital in order to finance the investments. The international financial management requires an understanding of cultural, historical, the institutional differences such as those affecting corporate governance, the FX risk, the political risk, and the financial instruments. It is good to go global because it generates significant benefits for all shareholders. The theory of comparative advantage provides a basis for explaining and justifying why it is good to go global. Going global can make everybody better off. 2. A corporation has many masters to serve. Who owns the Business? Contrast the two wealth maximization models and how it played into the Porsche/VW saga? Companies are created by individuals or small set of partners. The ownership of a company can go from a 100 percent privately own to 100 percent publicly traded and in between a mixer...
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...FOUNDATIONS OF BUSINESS THOUGHT Business 1050 – 005 #5947 Fall 2015 Monday Professor: W. Tim Miller Email: wtmiller@echelon-inc.com Text: Foundations of Business Thought, 1st edition, Boardman, Sandomir and Sondak (Gray cover) Outlines, notes, syllabus, handouts, etc., all be handled through Canvas. Bus1050, section 005, will meet Mondays a full 3 hours from 6:00 PM until 9:00 PM in SFEBB 160. We will use Canvas exclusively in this class for syllabus, handouts, notes, etc. Be familiar with Canvas. Foundations of Business Thought will introduce the student to the cultural, historical and philosophical thought surrounding the issues of business and commerce throughout the ages. By examining the words of great authors, we will get a sense of the timeless nature of business and make the observation that the issues currently facing individuals and business have their origins in writings centuries old and from a wide array of cultural and geographic underpinnings. A brief historical trace will be made to connect us to those businessmen and women who pursued many of the same goals we do today. The course will be divided into three semester sections with six functional areas, each followed by an Exam. A lecture outline is posted to Canvas in the week that section is started. Section 1: A. The Fundamentals of Business - We will read many of the classics of literature and philosophy to discern the authors' beliefs about business fundamentals and, in the...
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...discovery(556). According to Reilly, there are two and a half reasons amongst the many that historians attribute to China's lack of worldly influence; "Asia was simply not greedy enough", "a culture of complacency", and the fact that "China was a single nation while Europe was many"also attributed to the setbacks that were encountered(557). First and foremost, China's greatest shortcoming is due to their "culture of complacency". It is evident that China's culture and mindset played a major role in their self perpetuated setback because they lacked a central focus and goal; regardless of the fact that "half a century before Columbus, Zheng He had reached East Africa and learned about Europe", China's progress in terms of colonization was stagnant to say the least. In many ways this suppression is due to the Chinese fixation on visual grandeur and quantity vs. quality and their "tendency to look inward [and represent] a devotion to past ideals and methods, a respect for authority, and a...
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...Netherlands (17 provinces) 17. Charles V’s abdication & the division of his lands between brother and son 18. Why Calvinism took root in the Netherlands 19. Margaret, regent of the Netherlands 20. The cathedral of Notre Dame of Antwerp 21. Duke of Alva 22. Prince William of Orange 23. Alexander Farnese, Duke of Parma 24. Union of Utrecht 25. Why Elizabeth came to the aid of the Protestant Netherlands (Page 496) 26. The Escorial 27. Philip II (make sure and read his political, religious background) 28. Philip’s “British problem” 29. Spanish Armada 30. Results of the defeat of the Armada for both Spain and England 31. Lutheranism, Calvinism and German bishoprics 32. Protestant Union vs. Catholic League 33. Four Phases of the Thirty Years’ War a. Bohemian Phase (Defenestration of Prague) b. Danish Phase (King Christian IV) i. Edict of Restitution c. Swedish Phase (Gustavus Adolphus) d. International Phase (Cardinal Richelieu) 34. Peace of Westphalia & Provisions (1648) 35. The Thirty Years War (War Chart) 36. Consequences of the Thirty Years’ War for Germany (Page...
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...| Memo To: Anthony Racka From: Date: [ 11/4/2012 ] Re: Female Purchasing Power Today, women are the ones who make the choices when coming to making purchasing decisions in a household. Also, women are gaining control of wealth and purchasing power (Time Magazine, n.d.). Their spending power can change and should change how businesses market their companies. Places that may provide cars, electronics and traveling are mostly targeted for men and women that may be neglected in the development of these products and the marketing. Some businesses are now marketing towards women as well such as sports businesses. This may be because NFL fans consist of 44% women (Time Magazine, n.d.), and 50% of products typically marketing to men are purchased by women (Billings, n.d.). I believe that companies that target towards mostly women may obtain a successful business. Victoria’s Secret is an excellent example of a business that focuses on women. Victoria’s Secret is a store owned by a company named The Limited. Victoria’s Secret is the number one specialty retailer of women intimate apparel (Quantcast Corporation, 2012). There focus is on women and I believe this is one of the reasons why there are so successful. Victoria’s Secret targets women from the ages of 15-34 years old. I have the age so young because of their addition to the company called “PINK”. College students are initially the main target for the brand “PINK”, but it also attracted high school students. A lot of younger...
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...Still Separate, Still Unequal Segregation is a topic that has been discussed for decades. Segregation in schools wasn't really dealt with. The government basically disguised it and kept it away from the public. Brown V. Board of Education, Plessy V. Ferguson, and Jim Crow Laws was the cover, but it didn't solve anything. Segregation isn't just about race, it's also financially. When money is involved in the situation there's a major advantage. Johnathan Kozol talks about how we're still separate, and unequal. Johnathan Kozol touched on some really great points, when it came down to gproving how we're separate, and unequal. Kozol digs a little deeper to back up his word on being separate and unequal. In the following paragraphs I will summarize Kozol's article "Still Separate, Still Unequal" and continue on what needs to be done to solve this problem. Many people wonder do segregation still exist, but not many people want to investigate. Jonathan Kozol, did a little more than investigate. Jonathan Kozol pointed out, in most poor neighborhoods the schools have mostly black and Hispanic students (348). The percentage of blacks and Mexicans students were higher than fifty percent. There was a teacher who was 65 years old who taught at a majority black school stated that "Out of eighteen years, this is the first white student I have ever taught" (348). It's not very common that white students attend underclass schools. Kozol stated that there is a school in New York City named...
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...farmers * Farm populations fell by 2/3 in the beginning of the 20th century * Farms are consolidating * 20% drop in the number of farms * Agriculture has become more meganized (more industrial) More money to keep it going, more land and more machines * Farms are still critical in the US and Canadian economy * 2000: US Alone, $216 billion dollars in farming alone * Land use, agriculture remains dominant * Varies by region * Dairy farming in the east * Live Stock in the West * Irrigated agriculture- used in the dryer parts of the region * Very efficient farms * Intensive * Crops they grow * Central- Growing corn for ethanol 2. -Affluence and abundance of wealth * Natural recourses * Lumbar * Animals * Metals * Fossil flues * Navigable water ways * Good soils...
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...Risk in Housing Markets: An Equilibrium Approach⇤ Aurel Hizmo† NYU Stern January 30, 2012 Abstract Homeowners are overexposed to city-specific house price risk and income risks, which may be very di cult to insure against using standard financial instruments. This paper develops a micro-founded equilibrium model that transparently shows how this local uninsurable risk a↵ects individual location decisions and portfolio choices, and ultimately how it a↵ects prices in equilibrium. I estimate a version of this model using house price and wage data and provide estimates for risk premia for di↵erent cities, which imply that homes are on average about $20000 cheaper than they would be if owners were risk-neutral. This estimate is over $100000 for volatile coastal cities. Next, I simulate the model to study the e↵ects of financial innovation on equilibrium outcomes. Creating assets that hedge city-specific risks increases house prices by about 20% and productivity by about 10%. The average willingness to pay for completing the market per homeowner is between $10000 and $20000. Welfare gains come both from better risk-sharing and from more e cient sorting of households across cities. ⇤ I am deeply grateful to Patrick Bayer, Andrew Patton, and Peter Arcidiacono for their encouragement and support. I also thank Robert McMillan, Tim Bollerslev, Vish Viswanathan, Chris Timmins, Jimmy Roberts and the seminar participants at Duke Finance, the ERID Conference at Duke, Fed Board, NYU Stern...
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...The geography of the UK. The United Kingdom of Great Britain and Northern Ireland is situated on the British Isles in the north west of Europe and is separated from the mainland by the English Channel and the Strait of Dover. Also the country is washed by the North Sea, the Irish Sea and the Atlantic Ocean. The coastline is deeply indented and it gives a good supply of splendid harbours for ships. In the north you can find the Cheviots separating England from Scotland, the Pennines going down England like a backbone and the Cambrian Mountains which occupy the greatest part of Wales. The highest peak is Ben Nevis which is situated in the Highlands of Scotland. The south-eastern part of England is a low-lying land with gentle hills and a coast which is regular in outline with occasional chalk cliffs. The rivers in Britain are of little value as waterways. The longest are the Severn, the Thames, the Clyde and the Bristol Avon. There are a lot of lakes in the UK for example in the Lake District in the northern part of England but the most famous lake is Loch Ness in Scotland. Great Britain is rich in coal, iron ore and oil. Such crops as wheat, sugar-beet, potatoes and others are grown in this country. The main cities are London, Bristol, Manchester, Glasgow, Edinburgh, Cardiff and Belfast. The geography of the USA. The United States of America is the fourth largest country in the world after Russia, China and Canada. It occupies the southern...
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...Euro. J. History of Economic Thought 14:1 55 – 78 March 2007 Alfred Marshall’s critical analysis of scientific management* Katia Caldari The value of a machine to a business can be calculated on the basis of its efficiency for its immediate work. But the value of an employee must be estimated (. . .) with a view to the probable development of his capacities: and the difficulty of this task is increased by the conditions of modern business. (Marshall 1919: 350) The dependence of industrial leadership on individuality and creative faculty has not been greatly effected by the predominance of routine in staple manufacture. (Marshall Library Archive, Red Box 1) 1. Introduction In 1911, in America, F.W. Taylor published his famous book, Principles of Scientific Management, in which new principles of industrial organization are suggested and the advantages of an extreme division of labour and mechanization are stressed. Taylor’s theory of scientific management played a very important role in shaping the early twentieth century factory system, both in America and in Address for correspondence University of Padua, Italy; e-mail: katia.caldari@unipd.it * An earlier draft of this paper was presented at the History of Economics Society’s Annual Meeting, 4 – 7 July 2003, Duke University, Durham. I would like to thank all the participants to my section for their helpful comments, in particular James Henderson, Mary Morgan, Michel Que ´ and Malcolm Rutherford. For...
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...The United States of America (USA), commonly referred to as the United States (US), America, or simply the States, is a federal republic[10][11] consisting of 50 states, 16 territories, a federal district, and various overseas extraterritorial jurisdictions. The 48 contiguous states and the federal district of Washington, D.C. are in central North America between Canada and Mexico. The state of Alaska is the northwestern part of North America and the state of Hawaii is an archipelago in the mid-Pacific. The country also has five populated and nine unpopulated territories in the Pacific and the Caribbean. At 3.79 million square miles (9.83 million km2) in total and with around 316 million people, the United States is the fourth-largest country by total area and third largest by population. It is one of the world's most ethnically diverse and multicultural nations, the product of large-scale immigration from many countries.[12] The geography and climate of the United States is also extremely diverse, and it is home to a wide variety of wildlife. Paleo-indians migrated from Asia to what is now the US mainland around 15,000 years ago,[13] with European colonization beginning in the 16th century. The United States emerged from 13 British colonies located along the Atlantic seaboard. Disputes between Great Britain and these colonies led to the American Revolution. On July 4, 1776, delegates from the 13 colonies unanimously issued the Declaration of Independence. The ensuing war ended...
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...CHAPTER 1 Encounter I. Patterns of Indigenous Life 1. Geography and environment prompted Indigenous Americans to adopt different forms of social organization 1. Nonsedentary peoples 1. Mobile communities 2. Hunters and gatherers 3. Relatively simple social organization 4. Examples include 1. Chichimecas of northern Mexico 2. Pampas of Argentine grasslands 1. Semisedentary peoples 1. Often lived in forests 2. Relied on some agriculture as well as hunting 3. Built villages, but moved frequently 4. Employed “shifting cultivation” agriculture to take advantage of thin forest soil 5. Examples include Tupí people of Brazil 1. Fully sedentary 1. Permanent settlements 2. Often on high plateaus, rather than forests or grasslands 3. Stability allowed for complex societies 4. Employed irrigation to sustain agricultural base 5. Sometimes developed into city-states or empires 6. Highly stratified societies 7. Examples 1. Aztec empire 2. Maya empire 3. Inca empire 1. Empires of the Americas 1. Aztec empire 1. Aztec refers to the empire, not the people 2. In modern-day Mexico 3. Ruled by the Mexica people ...
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...Report by the Commission on the Measurement of Economic Performance and Social Progress Professor Joseph E. STIGLITZ, Chair, Columbia University Professor Amartya SEN, Chair Adviser, Harvard University Professor Jean-Paul FITOUSSI, Coordinator of the Commission, IEP www.stiglitz-sen-fitoussi.fr Other Members Bina AGARWAL Kenneth J. ARROW Anthony B. ATKINSON François BOURGUIGNON Jean-Philippe COTIS Angus S. DEATON Kemal DERVIS Marc FLEURBAEY Nancy FOLBRE Jean GADREY Enrico GIOVANNINI Roger GUESNERIE James J. HECKMAN Geoffrey HEAL Claude HENRY Daniel KAHNEMAN Alan B. KRUEGER Andrew J. OSWALD Robert D. PUTNAM Nick STERN Cass SUNSTEIN Philippe WEIL University of Delhi StanfordUniversity Warden of Nuffield College School of Economics, Insee, Princeton University UNPD Université Paris 5 University of Massachussets Université Lille OECD Collège de France Chicago University Columbia University Sciences-Po/Columbia University Princeton University Princeton University University of Warwick Harvard University London School of Economics University of Chicago Sciences Po Rapporteurs Jean-Etienne CHAPRON General Rapporteur Didier BLANCHET Jacques LE CACHEUX Marco MIRA D’ERCOLE Pierre-Alain PIONNIER Laurence RIOUX Paul SCHREYER Xavier TIMBEAU Vincent MARCUS INSEE INSEE OFCE OCDE INSEE INSEE/CREST OCDE OFCE INSEE Table of contents EXECUTIVE SUMMARY I. SHORT NARRATIVE ON THE CONTENT OF THE REPORT Chapter 1: Classical GDP Issues . . . . . . . . . . . . . . . . . ....
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...This is a protected document. Please enter your student or faculty username and password. Username: Password: Log In Need assistance logging in? Contact Technical Support. Doc ID: 1009-0001-1993-00001994 Toll Free: 877.428.8447 M-F, 6am MST or Sat-Sun, 7am-12am MST Find us on Facebook and Follow us on Twitter! F I F T H E D I T I O N An Introduction to Multicultural Education James A. Banks University of Washington, Seattle Boston Columbus Indianapolis New York San Francisco Upper Saddle River Amsterdam Cape Town Dubai London Madrid Milan Munich Paris Montreal Toronto Delhi Mexico City São Paulo Sydney Hong Kong Seoul Singapore Taipei Tokyo ISBN 1-269-53060-7 An Introduction to Multicultural Education, Fifth Edition, by James A. Banks. Published by Pearson. Copyright © 2014 by Pearson Education, Inc. Vice President/Editorial Director: Jeffery Johnston Executive Editor: Linda Bishop Editorial Assistant: Laura Marenghi Senior Marketing Manager: Darcy Betts Production Editor: Karen Mason Production Project Manager: Elizabeth Gale Napolitano Manager, Central Design: Jayne Conte Cover Designer: Laura Gardner Cover Art: “Sea and Sky” (013) 2003 © Marvin Oliver Artist Full Service Project Manager: Niraj Bhatt, Aptara® , Inc. Composition: Aptara® , Inc. Printer/Binder/Cover Printer: Courier Westford Text Font: ITC Stone Serif Std 10/12 Text Credits: Page 11, Stiglitz excerpt: From Stiglitz, J.E. (2012). The price...
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...enjoy at your leisure :) If something is in [] brackets, it is only written in there for our pleasure, ignore it if you are looking for actual information. Key: • 7: The Renaissance and Reformation- 1350-1600 UMSUniversal o Georgio Vasari- Rinascita=rebirth (like Renaissance) painter/architect Male Suffrage o Individualism: People sought to receive personal credit for achievements, unlike medieval ideal of “all glory goes to god” Names Ideas o Renaissance: Began in Italian city-states, a cause de invention of the printing press, laid way for Protestant Reformation Events Books/Texts Italy: City states, under HRE (Holy Roman Empire) o For alliances: old nobility vs. wealthy merchants FIGHT P-Prussia Popolo: third class, “the people”, wanted own share of wealth/power R-Russia A-Austria Ciompi Revolts: 1378 Florence, Popolo were revolting [eew], brief period of control over government B-Britain Milan taken over by signor (which is a tyrant) • o Under control of the Condottiero (mercenary) Sforza- Significant because after this, a few wealthy families dominated Venice (e.g. Medici) Humanism: Francesco Petrarch (Sonnets), came up with term “Dark Ages”, began to study classical world of rhetoric and literature Cicero: Important Roman, provided account of collapse of Roman Republic [like Edward Gibbon], invented Ciceronian style: Latin style of writing which humanists followed • [Even though they weren’t in Rome,...
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