Chapter 13 KEY TAKEAWAYS * Money serves three basic functions: 1. Medium of exchange: because you can use it to buy the goods and services you want‚ everyone’s willing to trade things for money. 2. Measure of value: it simplifies the exchange process because it’s a means of indicating how much something costs. 3. Store of value: people are willing to hold onto it because they’re confident that it will keep its value over time. * The government uses two measures to track
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THE LAST LEAF SCENE ONE NARRATOR: In New York City‚ there’s a small district just west of Washington Square‚ where the narrow‚ irregular streets have run crazy and broken themselves into short strips called places. It’s an ancient‚ residential community where many of the beautiful‚ old‚ brick houses date back to the 1820’s‚ when an epidemic forced people from the city to what was then a rural suburban village. Now‚ in the final year of the nineteenth century‚ we find clusters of colorful restaurants
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Chapter 13 Zinn opens chapter with the recognition that “war and jingoism might postpone‚ but could not fully suppress‚ the class anger that came from the realities of ordinary life”. Despite the brief interlude that momentarily quelled class conflict‚ the issues at home had never been resolved and resurfaced with a vengeance. More and more writers were writing from a Socialist mindset: Upton Sinclair published The Jungle in 1906‚ as a commentary on Chicago’s meatpacking industry. In writing
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------------------------------------------------- Chapter 13 – Analyzing Strategic Management Cases Why Analyze Strategic Management Cases? The process of analyzing‚ decision making‚ and implementing strategic actions raises many good questions. * Why do some firms succeed and other fail? * Why are some companies higher performers than others? * What information is needed in the strategic planning process? * How do competing values and beliefs affect strategic decision making
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Chapter 13: Determining Optimal Level of Product Availability Exercise Solutions 1. 0.2941 Optimal lot-size == NORMINV(0.2941‚100‚40) = 78.34 Given that p = $200‚ s = $30‚ c = $150: Expected profits = (p – s) NORMDIST((O – )/‚ 0‚ 1‚ 1) – (p – s) NORMDIST((O – )/‚ 0‚ 1‚ 0) – O (c – s) NORMDIST(O‚ ‚ ‚ 1) + O (p – c) [1 – NORMDIST(O‚ ‚ ‚ 1)] = $2‚657 Expected overstock = (O – )NORMDIST((O – )/‚ 0‚ 1‚ 1) + NORMDIST((O – )/‚ 0‚ 1‚ 0) = 7.41 Expected understock = ( – O)[1 –
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Chapter 13 Notes: Changes on the Western Frontier Native Americans -Native Americans of the plains hunted‚ farmed‚ and traded in traditional ways. -Plains people relied on the buffalo for a variety of survival needs -The booming of the cattle industry in the late 1800s contributed to the decline of the Plains Indians’ culture. -The Sioux (war-like plains tribe) resisted the efforts of the U.S. government‚ the army & the settlers to remove them from their sacred lands. -Sitting Bull &
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**This case analysis scored a low A (23/25). It does a good job with the introduction. It answers each of the questions posed. It also does a nice job applying the perceptual biases from the text and class to the case. The biggest deduction in its score came as a result of its conclusion. Note that although it provides a nice summary of points raised in the analysis‚ it does not include a description of generalizable lessons learned or take home messages from the case. A complete conclusion
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The Last Leaf In his wonderful short-story The Last Leaf‚ O.Henry depicts a really admirable person - old Behrman. The story depicts the lives of artists in America at the turn of the 19th and 20th centuries. At that time arts people were massively settling in Greenwich Village attracted by eighteen century gables‚ Dutch attics and low rents‚ making this district an arts hub of this huge city. Two young artists Sue and Johnsy meet at a café. They become friends and find their tastes and opinions
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True / False – Chapter 13 Maria defers $100 of gain realized in a section 351 transactions. The stock she receives in the exchange has a fair market value of $500. Maria ’s tax basis in the stock will be $400. True Control as it relates to a section 351 transaction is strictly defined to be 80 percent or more of the voting power of the stock of the corporation to which property is transferred. False The definition of property as it relates to a §351 transaction includes money. True To meet
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Development of rustic areas is a challenging issue in which it has opponents and proponents‚ both of which have their reasons. In a similar situation‚ the council of Maple county suggested a limitation policy in order to protect current undeveloped farmlands. The Council rationale is preventing housing prices from a noticeable rise‚ like what happened in Chestnut county ten years ago. On the other hand‚ opponents of this measure assert a reverse effect in Pine county fifteen years ago. Both groups
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