Supply and Demand Simulation Timothy J. Vrabel Axia College University of Phoenix In the video‚ several principles and concepts of microeconomics and macroeconomics were simulated. In the simulated neighborhood of Atlantis‚ there are many amenities that customers demand. The simulation uses two bedroom apartments to teach the fundamentals of supply and demand. Several scenarios were used throughout the simulation to represent challenges with which management needed to contend. The scenarios
Premium Economics Supply and demand Macroeconomics
Introduction This paper will walk through the simulation project experience‚ discuss lessons learned and key take ways from the project. The project simulation was designed to challenge project managers in a life like simulation of project management. It challenges a Project Manager to take over and manage an existing project within a global company. The simulation ran the project manager through the full life cycle of a project. It began with identifying all project stakeholders and project
Premium Project management
I began year three with $1‚120.28‚ which was more money than I have ever had in the whole simulation. The first event that took place was the government event. I was very apprehensive because we had just elected a new president‚ Jacob‚ and had new house members‚ so I was unsure how they would feel about the laws that we would try to pass. Jacob also started out his presidency by saying that everyone will be able to have free healthcare‚ even though that is impossible‚ so the government had to figure
Premium Tax Law Government
SCIENCE TITRATION SIMULATION ! TRIAL 1:! This reaction was strong acid vs. strong base! ! Known: Acid! Unknown: Base HCl NaOH Volume! 25.00 mL 18.66 mL Molarity 0.1396 M Uknown Name! Indicator ! Methyl Orange! Turned red when mixed with the acid solution.! After adding 18.66 mL of base‚ turned orange. After having added the correct amount of base to the acid solution mixed with indicator‚ we can calculate the concentration of the base solution
Premium Acid PH indicator Acetic acid
1. The time between arrivals of cars at MRR Service Company is shown in the following probability distribution: Times between Arrivals (Min) Probability 1 0.15 2 0.30 3 0.40 4 0.15 1.00 a) Simulate the arrival of cars at the company for 20 arrivals‚ and compute the average time between arrivals. Random number: 39‚ 73‚ 72‚ 75‚ 37‚ 02‚ 87‚ 98‚ 10‚ 47‚ 93‚ 21‚ 95‚ 97‚ 69‚ 41‚ 91‚ 80‚ 67‚ 59. b) Simulate the arrival of cars at the service station for one hour‚ and compute the average time between
Premium Prime number Random variable Cumulative distribution function
Issuing Audit Reports Simulation Stakeholders in companies rely on the auditors for confirmation that financial information is accurate. The auditor ’s opinions and observations are presented to interested parties in the form of the audit report. Any reservations the auditor may have to the fairness of the financial statements is stated in the audit report. Also included is a summary of any justified departures from generally accepted accounting principles (GAAP) and their effects. There are
Free Auditor's report Audit Auditing
The simulation for reproductive health was certainly a learning experience. While practicing with the patient‚ I was able to identify my own strengths and weaknesses. However‚ as the preceptor said‚ simulation is not simply about learning from practicing with the dummies. It is about learning from the other teams. This is certainly true. I learned about what I should do with a real patient as well as what I should not do by watching the other teams. Because it is easy to be critical of oneself‚
Premium Learning Education Knowledge
Running Header: BUSINESS REGULATION SIMULATION PAPER Business Regulation Simulation Paper University of Phoenix MBA/560 Enterprise Risk Abstract This paper identifies the key facts‚ regulations and legal issues in the Business Regulation Simulation regarding Alumina‚ a global multibillion company. It identifies several of Alumina ’s values and stakeholders and discusses the conflicts among the competing stakeholders according to the simulation. In addition‚ a summarization on the
Premium Law Environment Regulation
TEAM B TEAM B ------------------------------------------------- Assessing Materiality and Risk Simulation University of Phoenix ACC/491 Dwayne Thompson March 10‚ 2013 ------------------------------------------------- Assessing Materiality and Risk Simulation University of Phoenix ACC/491 Dwayne Thompson March 10‚ 2013 The objective of the audit of financial statements is to enable the auditor to express an opinion if the financial statements are prepared
Premium Auditing Financial audit Audit
Simulation Jeneal Clegg 04/02/2013 Jonathan Neville SCI 362 In this simulation we were to review the pros and cons of allowing a foreign pharmaceutical company‚ Colney & Pitts located in California‚ to be able to harvest the rainforests tree’s bark‚ and build a manufacturing plant in the Kenyan highlands‚ to help in finding medication or herbal remedies for patients‚ by using the harvested bark to create synthetic medication. This particular simulation was going to affect the rainforest
Premium Tree Evergreen Kenya