...Learning Team Weekly Reflection Last week’s discussion is one that played a different role in most ways for our group members. We did have many similar interests concerning how economics affects business however since we all have different careers it affects all of us in a different way. Some of our most interesting discussion topics included supply and demand, recession, and resource development. Whether you are an academic, farmer, pharmaceutical manufacturer or simply a consumer, the basic premise of supply and demand equilibrium is integrated into the daily actions of our society. We found that while discussing the supply and demand relationship of economics, this is one area that has the greatest impact on economics. Demand refers to how much (quantity) of a product or service is desired by buyers. The quantity demanded is the amount of a product people are willing to buy at a certain price; the relationship between price and quantity demanded is known as the demand relationship. Supply represents how much the market can offer. The quantity supplied refers to the amount of a certain good producers are willing to supply when receiving a certain price. The correlation between price and how much of a good or service is supplied to the market is known as the supply relationship. Price, therefore, is a reflection of supply and demand. This is one topic or area our group decided plays the most significance in our careers and as a society as a whole. Without the...
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...Weekly Reflection Kimberly Blackwell ACC/291 April 8, 2013 Sherrick Johnson Weekly Reflection Investing in the stock market is a way of life in the United States, and most of these are equity and investments. This is a long-term stock investment strategy whereby profits are realized through dividend payments and capital gains that accrued on the equity of a particular stock. In this paper Team C will go over the objectives for week three. Equity and Investments was the focus for week. The weeks objective also talked about the differentiate types of stocks issued by corporation. Calculating stocks, dividends, and stock splits was also part of the equity and investments. In addition to the learning objectives for week three, recording treasury stock transaction was also elaborated. Team C also read chapters 11 and 12 of Financial Accounting. Week Three objectives provided us with electronic reserve reading. Being in Accounting 291 the readings will help team C with the understanding of the week’s objectives. In week Three team C had a learning team reflection and that was to choose a virtual organization for our ratio analysis memo preparation. This learning team assignment that is due in week five seem to be a bit much but, we know that it will be well worth it for our future. In conclusion, week three focused on equity and investments. References This is a hanging indent. To keep the hanging indent format, simply delete this...
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...Team C – Weekly Reflections II MGT/498 University of Phoenix Team C – Weekly Reflections II Team Cs paper this week considers the three objectives put forth in the syllabus and the level of difficulty each objective represents. The first is objective 3.1, estimate the sustainability of long-term business operations did not warrant a comment. Objective 3.2 explain how the global market affects business strategy was least difficulty and objective 3.3 construct a long-term strategic management plan for sustaining organizational performance was the most difficult. This week Team C is more comfortable with objective 3.2 because this objective relates to the way global markets affect business strategy. Global strategy and globalization changes the way firms conduct business. Technology advancements open new doors and causes organization to compete worldwide by means of the Internet. Therefore, organization strategies are more complex because the strategy must include certain aspects of business such as outsourcing, taxes, and global competition. Outsourcing did not always exist but is currently a popular trend, which helps businesses become more efficient, operate with better quality, and reduce operational costs (Wheelen & Hunger, 2010). However, taxes change when organizations operate globally and at times companies can pay taxes in multiple countries. Competition is another concern as mentioned above because competition is broader than before...
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...Weekly Reflection In order to expand ones business and or penetrate a new market share, organizations must be fully versed in the laws that affect their workforce. Globalization has changed the way in which we conduct business, however, what remains a constant regardless of the size of a company be it small, medium, or large, is that they are all mandated to comply with employment laws regardless if it is within the US and our in another country. In an effort to compare employment laws in three different companies varying in size, location and expansion strategies, we have comprised an analysis of laws that will impact each business individually and will evaluate these laws to determine if they are applicable to one another. Landslide Limousine Corporation is headquartered in Austin, Texas. It is a small-size American company owned by sole proprietor Bradley Stonefield. Landslide Limousine is a service provider of first-class luxury transportation. Landslide Limo’s strategic plan is to grow its labor force by 25 employees within a twelve month time frame. Much like the medium sized Clapton Commercial Construction, a Michigan based company looking to expand its business to Arizona and increase its current 650 workforce by 20% both companies will be required to adhere to laws that govern the Fair Labor Standards Act. The Fair Labor Standards Act (FSLA) protects employees against three employment related mandates compromised of minimum wage overtime, child labor and equal...
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...This week’s learning has affected my thought process, development and professional disposition in many ways. It has given me insights on how nursing theory has set the foundation of the nursing profession, and how important theory is to me working as a nurse by providing knowledge and guidance in order for me to make critical decisions that are correct. I learned how important nursing theorist like Florence Nightingale was to nursing by helping to make nursing a respected profession and also developing nursing theories that focus on nurse’s providing patient centered care. This week’s learning has also fostered my growth by me learning to not take nursing for granted, but to consider it a privilege in helping others, improve patient recovery, help patient’s in restoring their health, always doing my best to help my patients, taking the time to get to know my patients by building a nurse-patient relationship, no matter how busy it gets. For example yesterday I had a hard time dealing with a patient that was very needy, demanding, and always using the call light. Each shift, the nurse’s practically ignored this patient. I decided to try the Watson “caring” theory. When the patient called for assistance again, I went in the room and sat down and chatted with this patient. I really learned a lot, I learned that this patient just wanted to feel respected, and that someone cared enough to pay attention to him. What I learned while dealing with this patient has made me...
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...Week Six Reflection Week six dealt with how an organization’s diversity impacts human capital management. This is not a new subject for me. Working for a global corporation requires working with a very diverse group of people. Valerie didn’t struggle with any of the concepts, but some of the topics made me think about how to create a better environment for my employees. My district has about 130 employees. Each of the nine branches has diversity within each group. Our employees attend many different training classes with other people around the country and around the world, so we are accustomed to learning about cultural differences as well as personality differences. Handling conflict is sometimes challenging, so we have to adjust how we handle conflict accordingly. Tram felt comfortable with this week’s topic about diversity. There was no topic that Tram was not comfortable with. An organization’s diversity impacts human capital management by the integrating people of different backgrounds, beliefs and values. We have a diversified group of employees at our organizations. We are from different backgrounds, not just from educational backgrounds but also geographical settings and beliefs. There are people who have been working at the organization for 25-plus years and others like me who have been working for two to three years or just newly hired. Tram learned from the older workers about how to get a good pace/routine to finish the work on time. It helped me a lot because...
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...Week 3 Team A Reflection Maria Parrish Week three covered the appropriate use of the terms group and team and conflict resolution. Even though those two terms have a common goal, the way they go by accomplishing those goals is what sets them apart. When working as part of a team you have the opportunity to share experiences and learn from each other to achieve a common goal. A group can develop into a team if it has a coordinated effort to reach a common goal, but in a group setting each member works independently to reach that goal. Deciding to put together a team or group depends on the assignment at hand. I really enjoyed discussing conflict resolution with the class. I believe that conflict can’t be avoided, when people interact there is always going to be a little friction. Every day we deal with different types of people, different character traits, upbringings, cultures, and different backgrounds. It is almost impossible for people with such a diverse background, professional skill levels and work ethics not to bump heads at some point. Encouraging open communication and constructive criticism, but still respect others opinions, ideas, and views can support a healthy balance. I was amazed how different and how similar most of the responses were. The class continuously shares experiences, ideas, views and suggestions respectfully and with an open mind. The team assignment simulation was another eye opener; it surprised me how easy it was to take the wrong course of action...
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...Consulting Project Plan – Part Three Kamahoro Claire Pamella MGT 527 Paul Nesbitt July 1, 2014 Executive Summary I. Background Information UNDP management hired Alliance consultation, a virtual firm which has consultants whose expertise lies in organizational behavior, management, interpersonal relations, training, and communications. The aim of the consultancy is to research the existing problem, diagnose it and come up with workable solutions. The purpose of the research will focus on problems affecting employee performance, outcomes and shade light on better approaches to improve operation of units, interpersonal relations, and tools to improve performance. During the consultancy, a client is free to question statements, recommendations, and decisions. II. Consulting Tasks The firm will work closely with the director of programs who heads all unit specialists and the human resource in defining organizational culture and motivators. The firm aims at improving the working environment and conditions in which UNDP operates. Upon project completion, it is vital that every employee is enthusiastic about changes made and environment conditions are better. This will be achieved through; creating a communication plan; scheduling and conducting meeting for areas where research and change are involved; organizing and conducting a feedback meetings both corporate and regional; beginning to end the project; devising an implementation plan. We are looking forward to...
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...Weekly Reflection Paper Week 3 Ellen Foskey, Samantha McHugh(Borrayo), Tontanisha Scott ECO/376 8-25-2014 Professor Dan Jensen Weekly Reflection – Week 3 Ellen Foskey AICPA Code of Professional Conduct from week one talked about the purpose of the AICPA Code of Professional conduct. Our text also detailed how it represents responsibilities, the public interest (which is by itself one of the main purposes). Furthermore, AICPA has a few more purposes: integrity (also very, very important) which was what was at the bottom of the WorldCom Scandal. Objectivity and independence which I believe were lost in the scandal because of greed. Finally, due care and scope, as well as a nature of service. That seemed quite interesting, and I appreciated the knowledge that I received that week. However, week two was a bit challenging due to my church's revival, and all the reading that we have to do. I feel like I had fallen a little bit behind, but never the less we talked about the legal and regulatory issues that revolve around financial reporting. We discussed the ethics of accounting activities, what the AICPA Code of Professional Conduct is, what it has to do with accounting. Accountants should follow rules and guidelines that are in place for the best interest of the public. Accountants should work with clients, avoid any conflict of interest, as well as serving the public while maintaining honesty and giving accurate information where necessary. Week three reflected financial...
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...Weekly Reflection Macroeconomics is a fascinating area of study. Students of economics learn about economic interactions between households, business, and government. They study gross domestic product and the effect inflation and unemployment has on the aggregate economy. Students add to their vocabularies terms, such as Keynesian, money wealth effect, and the principle of increasing marginal opportunity. They ponder issues, such as if a country is operating inefficiently and hence is at a point inside the production possibility curve because its lawns produce no crops, but occupy more land than any single crop, such as corn. In addition, students discover that AS/AD is an economic model, not a hard rock band. This week, rates of interest, the United States’ monetary policies, and the Multiplier Model are topics students have an opportunity to explore. Rates of Interest In the world of economic studies, the term, interest rates, inevitably comes up. Interest rates are key factors within the financial sector. Economists define interest rates as the process charged for the use of financial assets. Interest rates fluctuate almost daily. The largest contributing factor is the current economy of the country. When the economy is growing, people are getting more employment, and more saving and lending occurs. Interest rates tend to increase as the demand for money increases. The opposite holds true when the demand for money falls. As the demand falls, interest rates will fall. Another...
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...Delegation Managers have a lot of responsibilities and duties to fulfill. At times, a manager may not have enough time to complete tasks. Therefore, he or she may choose to delegate tasks to get the job done. Delegation refers to assigning tasks to another employee to carry out (Robbins & Coulter, 2012). Ricky Lee is a contract manager for an office supply distributor. His manager has asked him to prepare a new procedures manual to explain how to negotiate contracts. However, Ricky is currently working on another project and will need to enlist the help of one of his employees Bill Harmon. In order for Ricky to be an effective delegator, he must follow five delegation behaviors. Clarify the Assignment Based on Ricky’s current workload, he is aware that preparing the new procedures manual will need to be delegated to Bill. Bill has the experience and knowledge to prepare the manual and the ability to do so. When Ricky meets with Bill, he will need to clarify the assignment. He will provide clear directions, expectations, and the due date. Ricky will need to ensure that Bill and he come to an agreement on the expectations. However, Bill will be responsible for the completion of the manual. Range of Discretion When Ricky meets with Bill, Ricky will specify Bill’s range of discretion to be followed for the completion of the project. To best explain the amount of control that Bill has to edit the procedures in the manual, Ricky will give specific examples of acceptable...
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...What are the differences among valuation, depreciation, amortization, and depletion? The differences among valuation, depreciation, amortization, and depletion are that valuation is the process of valuing a company’s assets for financial reporting purposes. Depreciation is the process of allocation to expense the cost of plant assets over its useful life (or service) in a rational and systematic way. It is used on tangible assets such a property, plant and equipment (with the exception of land). Amortization is a process of allocating cost of a company’s assets over its limited life the differences is that amortization is used for intangible assets such grants, patents, copyrights, franchise and leases Finally, depletion is a process similar to depreciation where instead it allocates cost of company’s assets, specifically natural resources. This includes, oil, coal, natural gas, and timber. Is it appropriate to calculate depreciation using two different methods? Explain why or why not. When it comes to the appropriateness of calculating depreciation with two different methods it is not against the rules to change the method however it is recommend that one method should be used throughout the useful life of the asset because the consistency enhances the comparability of the financial statements. Which depreciation method provides you with the highest depreciation expense in the first year? Explain why. The depreciation method that provides the highest depreciation...
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...Learning Team Weekly Reflection Eric Gibbs, Maximino Valdez, Aisha Savage, John Palmer Law/421 Monday, February 03, 2014 Terry Coniglio Learning Team Weekly Reflection Black’s Law Dictionary defines a copyright as “the right of literary property as recognized and sanctioned by positive law.” Melvin (2011). The development of the web and other internet technologies will continue to increase the number of copyright issues. The copyright act was developed in 1976 and it grants exclusive rights to the holder that protects their original work Melvin (2011). With these rights, the holder has exclusive rights and they are: reproduction, derivative works, distribution, performance, display, audio, and transmission. There are three theories to copyright infringement and they are: direct infringement, indirect infringement, and vicarious infringement. Direct infringement occurs when the copyright owner can prove legal ownership of the work in question and that the infringer copied the work without permission Melvin (2011). According to Melvin (2011) indirect infringement involves three parties, the copyright owner, the direct infringer, and the facilitator of the infringement. It states that the indirect infringement is the one that holds the facilitator liable for damages, so before pursuing the theory indirect infringement the copyright owner must identify the direct infringer. Vicarious infringement, is similar to the indirect infringement theory in that they both involve...
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...Weekly Reflection MGT/521 August 17, 2012 Learning Team A Learning Team A. Ellen Thomas Team A: Weekly Reflection In this paper, Learning Team A will collaborate on Week One objectives while expressing our level of comfort and discomfort to the following topics: • Identify channels for business communications • Evaluate credibility and validity of sources of information. • Develop effective arguments The information addressed within our Weekly Reflection will provide direction for effectively distinguishing between formal and informal business communication channels. In addition, Learning Team A agrees that identifying the proper business communication channel will ensure the appropriate channels are used and messages are transmitted efficiently through the communication process. Lastly, Learning Team A will also address how the weekly topics relate to our field of business. Team A: Identify channels for business communications In efforts of identifying the various channels for business communication Learning Team A was able to relate to and understand collectively the various forms of communication used within business. We all share the common fact of possessing secure employment; however, the areas of business vary from entrepreneurship, management, and the medical field. Considering our areas of employment differ with regards to the area of business in which we all specialize in, they all come down to the some...
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...Weekly Reflection – Week 2 This week’s primary objectives were to evaluate how attitudes and emotions influence behaviors, to explain ways personality and values influence behaviors, and to create a plan to increase employee motivation, satisfaction, and performance. This paper will analyze the information discussed by Learning Team A. Evaluate How Attitudes and Emotions Influence Behaviors Attitudes and emotions influence behaviors by the way a person acts. Their character, how they take criticism, and their composure under stress and pressure all directly affect their behavior. From a business standpoint, these things that would affect behavior would also affect how someone interacts with others which would be a determining factor as to how successful someone could be. Some people have negative attitudes about work and fall behind, while others stay positive and work through their issues. Sometimes, how an employee is treated by management can affect how employees work. Trying to build a good rapport and a positive work environment is vital to the overall success of a company. Attitudes and emotions influence behavior in a number of areas, not only in interpersonal relations, but also in life in general. A person’s attitude can determine how they handle stressful events, and their emotions guide those attitudes in the eventual construct of behavior in relation to those events. Explain Ways Personality and Values Influence Behaviors A person who has a caring...
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