As a mother is looking at going back to work after staying home with her daughter for the first year she is considering two daycare options. The first option is an in home daycare that charges a flat rate of $5.00 an hour. The second option is a center-based day care that charges $185.00 a week based on 40 hours per week, they charge an additional $8.00 an hour for any time proceeding the 40 hours. The distance to both facilities are very close, making diving distance obsolete. The mother will need to use daycare for 50 hours a week and is trying to determine which option would be cheapest.…
Hill, B. (n.d.). How to Start a Restaurant Delivery Service Business. Small Business. Retrieved June 22, 2014, from http://smallbusiness.chron.com/start-restaurant-delivery-service-business-4457.html…
Mama’s Bakery is a home based bakery that began in 2013. The owner creates cakes, cookies, cupcakes, and Hispanic pastries. The patrons that frequent her services are churches, fundraisers and others that come to her home. Her business started as a hobby and a means for the baker to get out of the house. After going through an eight week session of cake decorating, she realized that she can make a profit to help out with the household expenses. She makes everything from scratch and takes her time to make sure that everything is perfect. Her motto is “If it is not good for my family, then it is not good for anyone else.”…
Elasticity of Demand pertains to the relationship of price and need of a product. If a price increases will the demand increase or decrease? When a demand is elastic, it means even a small change in price can cause a large change in the quantities consumers purchase. (McConnell, pg. 77) So for example in an elastic demand if you reduce the price of a good the demand will increase a large amount and revenue then increases. When the is inelastic, according to McConnell it means when there is a price change it only causes a small change in the amounts consumer purchase. This can result in less total revenue. If a company drops the price of something, even if they sell more it doesn’t mean they will make more overall. If it is inelastic, the revenue can drop. There is also something called perfectly inelastic, which means and change in price results in absolutely no change in demand. This is rare and an extreme situation. There is also demand in unit elastic which “demands occurs where a percentage change in price and the resulting percentage change in quantity demanded are the same”. (McConnell, pg. 77)…
According to a study on which brands of popcorn yields the most popcorn by Sean Boyd (2010) “The Jolly Time popcorn had the lowest amount of un-popped kernels”. But another researcher Ben Popken (2008) Which popcorn pops the most, said, “ACTII was the winner.” Since there are many experiments with different results of the most popped kernels we will chose just one name brand at the local store and keep the brand name constant for this experiment. The name brand of popcorn is not the independent variable so we will use a random store bought popcorn for this experiment. Both of these experiments are similar to each other. They are testing the hypothesis on which brand name produces the least amount of un-popped kernels. In this current…
The cost of quality in a manufacturing process and environment are many as you are aware. But the 3 primary costs that we should review on a more regular basis to assure we are creating the most cost effective and quality products are the following: Appraisal, Prevention and Failure, and failure costs should be looked at as internal failure and external failure.…
Martial Arts organization teaching men, Women, and Children in the United States desires to open a “Dojang” or “Training Hall” in South Korea offering World Class Martial Arts and Competition training.…
1) How might you use the strategies for applying creativity to problems and issues in addressing this topic? In the article that I wrote about it discusses the issue of how Essex County Executive, Joe DiVincenzo, was using his campaign funds to pay for personal expenses. According to the article the laws concerning this matter requires disclosure of all expenses, including those incurred on a credit card. It also states that from 2002 to 2011 DiVincenzo had approximately $250,000 charged to his personal credit card, which was paid with the campaign account, but never gave any explanation as to what the charges were for. The strategy for applying creativity that would best be used for this issue would be to devise or modify a process or system. Apparently, the laws that are in place for this matter are not specific enough, and there is a lack of enforcement. These laws need to be modified to make their…
Building a deep sense of respect and admiring in the team partner is the main key of a successful leader.…
A park charges rental fees of $5 per x adult and $3 per y child. The Smith family had a…
The role of the major public health personnel includes assessing the immediate health needs and identifying the potential risks in the community. There are several team members who work together to accomplish this common goal. Team members provide epidemiology, environmental, medication services, food delivery, and sanitation services.…
For this unit’s assignments you will be required to research the marketing activities of organisations. In the first assignment you will need to focus on how marketing techniques are used in two different organisations. You will then look at how market research impacts on the marketing plan of a specific organisation. In the second assignment you will need to look at the development of a coherent…
Globalization has brought happiness to many people 's lives by creating thousands of employment opportunities at higher wages, and improving the standard of living. Young adults take advantage of this cultural change and use their new found wealth to move away from their families to live on their own. Women have begun choosing careers over starting a family. There is a rise in the number of love marriages as opposed to marriages arranged by families. This often results in conflicts between the older and younger generations (Parande, 2012).…
The various and interdisciplinary members of the following groups and organizations (New York City Health Department, Bronx Community Health Network, Inc., Ralph Lauren Center for Cancer Care and Prevention in Harlem, Boys Club and Girls Club) consist of city, state and federal employees, public officials, scientists, physicians, nurses, behavioral clinicians, social workers, school employees, hospital employees, community leaders and the general public.…
Based on the result above, if the money that put in the present saving account will only bring return of RM33,000 . However, if the money is used to buy a house, then the profit from selling the house in 20 years is RM108,164. In my opinion, if money is to be put in the present saving account, the value of the money will not be the same as the inflation rate of the country will change. The value of money may become smaller in the future of 20 years. For the second investment, if the money is to invest in a company, no one knows what will happen to the company in the future of 20 years because we are not the one who controls the company. Many things could happen to the company that she invested in which causes her not to receive her dividend from the company. There will be also chances that she will lose her capital that she has invested.…