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понедельник, 19 октября 2015 г.

ECON 545 Week 8 Final Exam (New)

1. (TCO A) Suppose you are hired to manage a small manufacturing facility that produces Widgets.

(a.) (15 points) You know from data collected on the Widget Market that market demand and market supply have both increased recently. As manager of the facility, what decisions should you make regarding production levels and pricing for your Widget facility?
Remember that supply and demand are about the market supply and market demand, which is bigger than your own company. You are being given data on supply and demand for the whole market and are being asked what effect that has on you as a small part of that market.

(b.) (15 points) Now, suppose that following the supply and demand changes in (a), a substitute good goes up in price, and your costs of production increase. What new decisions will you make regarding production levels and pricing for your Widget facility?(Points : 30)

2. (TCO B) Suppose the governor of California has proposed increasing toll rates on California's toll roads, and has presented two possible scenarios to implement these increases. Following are projected data for the two scenarios for the California toll roads:

Scenario 1: Toll rate in 2012: $10.00. Toll rate in 2016: $22.50

For every 100 cars using the toll roads in 2012, only 81.6 cars will use the toll roads in 2016.

Scenario 2:
Toll rate in 2012: $10.00. Toll rate in 2016: $17.50

For every 100 cars using the toll roads in 2012, only 96.2 cars will use the toll roads in 2016.

a.Using the midpoint formula, calculate the price elasticity of demand for Scenario 1 and Scenario 2. (10 points)

b.Assume 10,000 cars use California toll roads every day in 2012. What would be the daily total revenue received for each scenario in 2012 and in 2016? (6 points)

Is demand under Scenario 1 and under Scenario 2 price elastic, inelastic, or unit elastic. Briefly explain. (4 points)

3. (TCO C) You have been hired to manage a small manufacturing facility whose cost and production data are given in the table below.

Total Total
Workers Labor Cost Output Revenue
1 $500 100 $700
2 1000 280 1150
3 1500 440 1440
4 2000 540 1570
5 2500 600 1670
6 3000 630 1710
7 3500 640 1730

(a.) (6 points) What is the marginal product of the second worker?

(b.) (6 points) What is the marginal revenue product of the fourth worker?

(c.) (6 points) What is the marginal cost of the first worker?

(d.) (12 points) Based on your knowledge of marginal analysis, how many workers should you hire? Explain you answer.

4. (TCO C) John operates a small business out of his home and has very little in terms of fixed costs. Answer the next questions (Parts A and B) on the basis of the following cost data for John’s firm operating in pure competition:

OUTPUT ------ TFC ---------- TVC
0 $30.00 0.00
1 30.00 70.00
2 30.00 120.00
3 30.00 150.00
4 30.00 200.00
5 30.00 270.00
6 30.00 360.00

(a.) (15 points) Refer to the above data. If the product price is $60, at its optimal output, will the firm realize an economic profit, break even, or incur an economic loss? How much will the profit or loss be? Show all calculations.

(b.) (15 points) Refer to the above data. If the product price is $55 at its optimal output, will the firm realize an economic profit, break even, or incur an economic loss? How much will the profit or loss be? Show all calculations. (Points : 30)

5. (TCO D) A software producer has fixed costs of $20,000 per month and her Total Variable Costs (TVC) as a function of output Q are given below. Complete the table (TC, MC, TR, and MR), then answer Parts A and B.

Q TVC Price
2,000 $5,000 $25
4,000 7,000 22
6,000 18,000 20
8,000 33,000 10
10,000 50,000 1

(a.) (15 points) If software can only be produced in the quantities above, what should be the production level if the producer operates in a monopolistic competitive market where the price of software at each possible quantity is also listed above? Why? (Show all work.)

(b.) (15 points) What should be the production level if fixed costs rose to $70,000 per month? Explain.

6. (TCO F)

(a.) (20 points) Suppose nominal GDP in 1999 was $100 billion and in 2001 it was $270 billion. The general price index in 1999 was 100 and in 2001, it was 150. Between 1999 and 2001, the real GDP rose by what percent?

(b.) Use the following scenario to answer questions (b1.) and (b2.).
In a given year in the United States, the total number of residents is 170 million, the number of residents under the age of 16 is 38 million, the number of institutionalized adults is 15 million, the number of adults who are not looking for work is 17 million, and the number of unemployed is 10 million.

(b1.) (5 points) Refer to the data in the above scenario. What is the size of the labor force in the United States for the given year?

(b2.) (5 points) Refer to the data in the above scenario. What is the unemployment rate in the United States for the given year? (Points : 30)

7. (TCO G and H)

(a.) (15 points) Suppose your local Congress representative suggests that the federal government intervenes in the gasoline market to stop runaway price increases. Would you say that this view basically supports the Keynesian or the Monetarist school of thought? Why? What position would the opposing school of thought take on this issue? (Be brief—you can answer this in 2 or 3 brief paragraphs).

(b.) (10 points) Any change in the economy’s total expenditures would be expected to translate into a change in GDP that was larger than the initial change in spending. This phenomenon is known as the multiplier effect. Explain how the multiplier effect works.

(c.) (15 points) You are told that 90 cents out of every extra dollar pumped into the economy goes toward consumption (as opposed to saving). Estimate the GDP impact of a positive change in government spending that equals $20 billion.

(Points : 40)

8. (TCO G)(a.) (20 points) Third National Bank is fully loaned up with reserves of $20,000 and demand deposits equal to $100,000. The reserve ratio is 20%. Households deposit $5,000 in currency into the bank. How much excess reserves does the bank now have, and what is the maximum amount of new money that can be created in the banking system as a result of this deposit? Show all work.

(b.) (20 points) What is the discount rate in the banking system? Explain how the Fed manipulates this rate to achieve macroeconomic objectives.

9. (TCOs E and I) Let the exchange rate be defined as the number of dollars per Japanese yen. Assume that there is a relatively lower rate of inflation in the U.S. relative to that of Japan.

(a.) (10 points) Would this event cause the demand for the dollar to increase or decrease relative to the demand for the yen? Why?

(b.) (10 points) Has the dollar appreciated or depreciated in value relative to the yen?

(c.) (10 points) Does this change in the value of the dollar make imports cheaper or more expensive for Americans? Are American exports cheaper or more expensive for importers of U.S. goods in Japan? Illustrate by showing the price of a U.S. e-reader in Japan, before and after the change in the exchange rate.

(d.) (10 points) If you had a business exporting goods to Japan, and U.S. inflation fell as discussed above in this example, would you plan to expand production or cut back? Why? (Points : 40)

HSM 330 Week 8 Final Exam

BUY HSM 330 Week 8 Final Exam

1. (TCO 1) Data compiled from individual patient data fields and formed into information about certain groups of patients is an example of (Points : 10)

2. (TCO 2) Which statement listed below is incorrect? (Points : 10)

3. (TCO 3) Which of the following enables point-of-care charting and positive patient identification while maintaining network connectivity? (Points : 10)

4. (TCO 4) What is the name of the model act relating to the use of electronic online communications and contracts, electronic records, and online signatures? (Points : 10)

5. (TCO 5) A key strategy to gain user involvement in an EHR is to (Points : 10)

6. (TCO 6) An example of a mechanical system is (Points : 10)

7. (TCO 7) Which of the following is a characteristic of a program (as opposed to a project)? (Points : 10)

8. (TCO 8) One of the four key information infrastructure elements in the HL7 PHR system functional model is (Points : 10)

1. (TCO 6) When is a benefits realization study conducted, and what are the pros and cons of a benefits realization study? (Points : 20)

2. (TCO 8) What are the three standards of the HIPAA Security Rule? Describe each of them. (Points : 20)

3. (TCO 3) Explain the data retrieval strategies necessary to gain clinician adoption of the EHR. (Points : 20)

Essay Questions

1. (TCO 8) What is identity theft? What is medical identity theft? Which federal agencies are working on these issues and how prevalent is identity theft? What are some of the incidents reported and how can threats be minimized? (Points : 30)

2. (TCO 5) To be successful, how can the selection of steering committee members, with needed technical skills, have balance with the necessary personality traits for this and other committees? What teams are required on the EHR project? (Points : 30)

3. (TCO 7) Explain and discuss the purpose and value of a request for proposal (RFP). What should it contain, and why? (Points : 30)

MATH 221 Week 8 Final Exam New

BUY MATH 221 Week 8 Final Exam New

MATH 533 Week 8 Final Exam (New)

BUY MATH 533 Week 8 Final Exam (New)

1. (TCO A)Consider the following age data, which is the result of selecting a random sample of 22 Boeing 747 airplanes that are owned by United Airlines. The age of each airplane is given in years.

17 5 5 12 8 5 8 16 14 12 22
15 5 8 17 5 4 2 22 17 20 23

a. Compute the mean, median, mode, and standard deviation, Q1, Q3, Min, and Max for the above sample data on age of Boeing 747 airplanes owned by United Airlines.
b. In the context of this situation, interpret the Median, Q1, and Q3. (Points : 33)

. 2. (TCO B) Consider the following data on new customers for AJ Auto Insurance, specifically the information of the risk level of the customer and the number of tickets they have had in the last year.

	0	1	2 or more	Total
Low Risk	56	22	8	86
Medium Risk	18	40	12	70
High Risk	11	13	20	44
Total	85	75	40	200

If you choose a customer at random, then find the probability that the customer is

a. low risk.
b. low risk and had two or more tickets in the last year.

c. medium risk, given that the customer had zero tickets in the last year. (Points : 18)

	0	1	2 or more	Total
Low Risk	56	22	8	86
Medium Risk	18	40	12	70
High Risk	11	13	20	44
Total	85	75	40	200

If you choose a customer at random, then find the probability that the customer is

a. low risk.
b. low risk and had two or more tickets in the last year.

c. medium risk, given that the customer had zero tickets in the last year. (Points : 18)

b. at least seven of these clerical workers “liked their jobs very much.”

c. fewer than five of these clerical workers “liked their jobs very much.” (Points : 18)

4. (TCO B) A study of homeowners in the 5th congressional district in Maryland found that their annual household incomes are normally distributed with a mean of $41,182 and a standard deviation of $11,990 (based on data from Nielsen Media Research).

a. What percentage of household incomes are greater than $30,000?

b. What percentage of household incomes are between $25,000 and $40,000?

c. If an advertising campaign is to be targeted at those whose household incomes are in the top 20%, find the minimum income level for this target group? (Points : 18)

5. (TCO C) The Ford Motor Company wishes to estimate the mean dollar amount of damage done to a Ford Explorer as a result of a 10 mph crash into the rear bumper of a parked car. The sample results are as follows.

Sample Size = 36
Sample Mean = $638
Sample Standard Deviation = $115

a. Construct a 95% confidence interval for the average dollar amount of damage

b. Interpret this interval

c. How large a sample size will need to be selected if we wish to have a 95% confidence interval for the average dollar amount of damage with a margin for error of $10? (Points : 18)

6. (TCO C) A clock company is concerned about errors in assembly of their custom made clocks. A random sample of 120 clocks from today’s production yields nine clocks with assembly errors.

a. Compute the 95% confidence interval for the percentage of clocks with assembly errors in today’s production.

b. Interpret this confidence interval

c. How many clocks should be selected in order to be 95% confident of being within 2% of the population percentage of clocks with assembly errors in today’s production? (Points : 18)

7. (TCO D) According to Information Resources Inc., based on sales of teeth-cleaning products, Crest toothpaste controlled a 31.2% share of the market. A researcher from a rival company believes that this figure is high, and that in fact, Crest controls less than 31.2% of the market. A simple random sample of 400 consumers yields 116 use Crest. Does the sample data provide evidence to conclude that the researcher from the rival company is correct (with a = .05)? Use the hypothesis testing procedure outlined below.

a. Formulate the null and alternative hypotheses

b. State the level of significance

c. Find the critical value (or values), and clearly show the rejection and nonrejection regions

d. Compute the test statistic

e. Decide whether you can reject Ho and accept Ha or not

h. Does the sample data provide evidence to conclude that Crest’s market share is below 31.2% (with a = .05)? (Points : 24)

Question 8. 8. (TCO D) A new car dealer calculates that the dealership must average more than 4.5% profit on sales of new cars. A random sample of 81 cars gives the following result.

Sample Size = 81
Sample Mean = 4.97%
Sample Standard Deviation = 1.8%

Does the sample data provide evidence to conclude that the dealership averages more than 4.5% profit on sales of new cars (using a = .10)? Use the hypothesis testing procedure outlined below.

a. Formulate the null and alternative hypotheses

b. State the level of significance

c. Find the critical value (or values), and clearly show the rejection and nonrejection regions

d. Compute the test statistic

e. Decide whether you can reject Ho and accept Ha or not.

f. Explain and interpret your conclusion in part e. What does this mean?

g. Determine the observed p-value for the hypothesis test and interpret this value. What does this mean?

h. Does the sample data provide evidence to conclude that the dealership averages more than 4.5% profit on sales of new cars (using a = .10)? (Points : 24)

Page 2

1. (TCO E)McCave Development Enterprises is considering whether to build a shopping mall in Statesville. The manager wants you to analyze the relationship between mall size and the rate of return on invested capital. You select a random sample of 16 cities similar to Statesville in demographic and economic characteristics and collect the following data on FOOTAGE (in 10,000 square feet) and RETURN (rate of return as a %).

1. (TCO E) The manager of a retail outlet suspects that sales of air conditioners are associated with the price of the air conditioners, as well as the mean temperature. Twelve weeks are selected at random. The results are found in the MINITAB printout below

a. Analyze the above output to determine the multiple regression equation

b. Find and interpret the multiple index of determination (R-Sq).

d. Predict the sales for an individual week a mean temperature of 75 and a price of $190. Use both a point estimate and the appropriate interval estimate. (Points : 31)

MGMT 520 Week 8 Final Exam (new)

BUY MGMT 520 Week 8 Final Exam (new)

1. (TCO A & F) Ownership of property has long been a major benefit of businesses in the U.S. and on the World Stage. Such property varies from Real Property, Tangible Property, and Intangible/Intellectual Property. Define these three types of property in daily business terminology, and give examples of each such property. (Points : 30)

2. (TCO I) A group of Oil Traders from Switzerland who partnered with their American counterparts, sought to gain control of Russian Oil Exports from the highly productive areas in West Siberia. Rather than having to bid on a dollar per barrel of oil basis every day for the 2 million barrels per day of oil that was exported from this highly productive area, the traders invited the regional executives of the Russian oil production districts to meet with them in Davos, Switzerland. The oil traders sent a chartered airliner to Moscow to transport the Russian oil executives to Geneva, and then provided rail transport to Davos, for a five-day series of business meetings. Each day involved a skiing trip on the slopes of Davos for the oil executives accompanied by a trained skiing instructor. The business meetings were limited to about 1 hour per night, following an elegant evening dinner. The Swiss Oil Traders’ and their U.S. Partners’ defense of this entertainment was that there was no direct payment to the Russia oil executives, and therefore not a violation of the Foreign Corrupt Practices Act. Do you think this is a violation of the FCPA? There is no exchange of payments, but is such elaborate entertainment acceptable under the FCPA? (30 Points) (Points : 30)

3. (TCO C) JetWave, Inc. (JWI) is a large manufacturer of appliances for use by average consumers in single-family homes and apartments. JWI’s bestseller is a digital, top loading dryer. The digital readout on the dryer alerts the consumer when the lint filter is full and/or if the vent line is clogged. Consumers have found that the dryer sends off false alerts about the lint filter. As a result, the dryer will shut down from these false alerts. The problem can be remedied in one of two ways: JWI sends out a repair person (during the warranty period only) and replaces the defective digital panel or the consumer can install a shorter aluminum vent line on their own. JWI only provides a 60 day warranty on their products. For consumers to pay for the panel to be replaced it would cost $300. On the JWI website under “Troubleshooting”, they do not recommend a particular length of aluminum vent line to replace the existing line, but do suggest “more than 6 feet.” As this is a quick and cheap fix, many consumers are opting to replace the aluminum vent line on their own. However, several consumers have reported that if the vent line is over 9 feet, sparks occur from the dryer lint. JWI does not report this on their website, nor do they modify their “Troubleshooting” Guide. Eric VonEckert is having the issue with the digital panel on his JWI dryer at home. He goes to his local home improvement store and buys a 10-foot aluminum vent line and vents the dryer through the front of his house. The error is remedied and his dryer is running fine. However, one night he puts a load of laundry in the dryer and heads off to bed. During the dryer cycle, sparks are generated and unbeknownst to Mr. VonEckert, his aluminum vent line passes next to the hot water heater. The sparks fly out of the end of the vent line and are sucked into the bottom of the water heater by the pilot light, catching fire to his home. Mr. VonEckert dies in the house fire. His wife and three children are seeking to file a lawsuit against JWI for damages on the grounds that the product was defective. In addition, they claim JWI did not protect the consumers by continuing to sell the defective dryer and not alerting the consumer to the issue with the longer vent line should the consumer choose to make the repair on their own.

You are the in-house attorney for JWI, Inc. and the Board of Directors at JWI have requested you develop a business strategy that includes ethical considerations to minimize liability for claims of product liability and breach of warranty relating to the dryer at issue. (Points : 30)

4. (TCO D) Mr. Big Dealer offered to sell 5 luxury cars to Mr. Little Reseller for $300,000 - $60,000 for each car. The offer to sell was sent by Over-Night FedEx. Mr. Little Reseller call Mr. Big Dealer on the phone, and said he could not pay the $60,000 per car, but might consider a lower offer if Mr. Big Dealer would cut the price. Mr. Big Dealer said he would think about cutting the price, and Mr. Little Reseller should watch for another FedEx Delivery. Mr. Big Dealer sent a revised offer of $55,000 per car by FedEx. Mr. Little Reseller received the FedEx revised offer on Friday, but was busy and did not respond until the following Wednesday, when he called Mr. Big Dealer on the phone and accepted the $55,000 per car offer. But, Mr. Big Dealer said he had already sold all five cars for $53,000 each, and immediately sent a FedEx to Mr. Little Reseller withdrawing the offer to sell for $55,000 each. Mr. Little Reseller’s lawyer told him to send a FedEx to Mr. Big Dealer immediately accepting the $55,000 per car offer, and the deal would be legally enforceable. Assume you are the Judge hearing the law suit filed by Mr. Little Reseller, how will you rule on the contractual issues in this case? Is this case to be decided on Common Law or under the Uniform Commercial Code? What is the “Mail Box Rule”, how will it affect this case? (Points : 30)

5. (TCO E) For the first 180 years of our county’s existence, there was no protection in the work place, schools, retail outlets, or virtually anywhere for individuals based on their race, gender, religion, age, etc. Discrimination was common in the work place, schools, restaurants, etc., until the 1960s. Four pieces of Federal Legislation in 1963, 1964, 1967, and 1990 have succeeded in establishing strict legal standards to prevent discrimination in our society. Identify and summarize these four pieces of Federal Legislation, and the protection they provide to prevent discrimination in our society. List the Five Protected Classes under our current laws. (Points : 30)

6. (TCO G) You have been serving as a legal/financial advisor to a family of small business owners who operate under several different company structures in the retail business. There are five active members of the family running four different companies. The family members have all accumulated a significant amount of personal wealth, averaging about $750,000 each. The family members have used two of the four companies which have been incorporated to accumulate significant debt. The equity in the two corporations is in the RED (negative), and the family members are transferring additional debts into these corporations. The family is considering further such debt transfer, and then filing Bankruptcy to try and unload the total family and business debts. As their lead Legal/Financial Advisor, the family members have ask you to define the three Chapters of the Bankruptcy Code, Chapters 13, 11, and then 7, and then recommend which one they should pursue. They also tell you to advise them on any risk they may incur in shifting debt and possibly funds among themselves personally, and between themselves and the two corporations that are absorbing the debt in preparation for the Bankruptcy Filing. (Points : 30)

7. (TCO H) Given that only 12 percent of the Business Organizations functioning in the United States are Corporations, what factors of business characteristics and operations result in Corporations generating 89 percent of business revenue? (Points : 30)

8. (TCO B) The San Diego Parachute Club practiced their parachute exercises every weekend, and usually they did so in the air space approaching the San Diego, California, international airport. The airport management never objected to the parachute club, but asked the Federal Aviation Agency (FAA) to block the parachuting in the airport air space. The FAA issued an Administrative Rule that did not require publication that prohibited the parachuting in the air space. The San Diego Parachute Club immediately challenged the rule saying it should have been a Substantive Rule that had to be published, and giving them the opportunity to protest the rule. The FAA agreed and published the Substantive Rule in the Federal Register; The San Diego Parachute Club filed a written objection. Consider the rights the San Diego Parachute Club have going forward. What are their initial rights in protesting the FAA Substantive Rule forbidding their parachuting at the San Diego Airport? What additional rights can they pursue if the FAA continues to move forward on the restriction? Include the details of the parachute club’s rights to protest all the way into the Federal Court System? (Points : 40)

MGMT 520 Week 8 Final Exam Set 2 (New)

BUY MGMT 520 Week 8 Final Exam Set 2 (New)

1. (TCOs D, E, F) Benjamin is a long-time key salesman for Morton and Dunderfield, a business supply company in Eastern Pennsylvania. The company decides to change its formal employer/employee relationship with all of its sales people, including Benjamin. Instead of compensating them with salary and a bonus based on quarterly sales, they change the relationship to that of an independent contractor who earns a sizeable percentage commission each month. With the change in this relationship, Morton and Dunderfield require all of their sales people to sign employment contracts which contain a clause that states upon leaving Morton and Dunderfield’s employ, they will not contact any former customers for a period of two (2) years. Benjamin, fearing he will lose his job, signs the agreement. After the first month, he realizes he will earn much less that he formerly did.
He seeks your advice on his options. (Points : 15)

2. (TCOs B, C, G, I) Lonestar Trucking, a large freight carrier servicing the Southwest, learns from reading in the industry trade magazine that the Federal Motor Carrier Safety Administration (FMCSA) has proposed a regulation change. The regulation, proposed pursuant to a statute that restricts drivers from operating/driving a truck for more than twelve (12) hours a day, will now require drug testing of any driver involved in an accident. The regulation was proposed due to political pressure from Mothers Against Impaired Driving (MAID), a group dedicated to eliminating deaths due to people driving while impaired. Lonestar Trucking is concerned, not just about the costs of implementing such a regulation, but how it will comply with its requirements since accidents often occur far from their base of operations. Lonestar Trucking’s employees and their union are also very upset with the proposal. They are concerned that the field drug tests used by police officers are notorious for giving “false positive” results, and that the proposed regulation will require that a test be given even when “the other diver” is clearly at fault.

What should Lonestar Trucking do regarding the proposed change? (Points : 15)

3. (TCO C) Three professors from Keller’s Illinois campus, Favre, Bush, and Clinton, decide to visit XYZ Go-kart facility together in Minnesota. This decision is made after a lengthy faculty brunch, at which unlimited alcoholic mimosas were served. XYZ Go-kart advertises at the college’s various campuses and, in fact, the professors use their faculty discount at the facility. At the facility signs are posted everywhere in bold: “BY PARTICIPATING IN Go-KART RACING, YOU VOLUNTARILY ASSUME THE RISK OF ANY DEATH OR INJURY THAT MAY RESULT. “ Additionally, the professors hurriedly sign a contract, which states: “YOU ARE GIVING UP ALL LEGAL RIGHTS”; “XYZ WILL NOT BE HELD LIABLE FOR ANY NEGLIGENCE RESULTING IN YOUR INJURY OR DEATH”; and “THE PARTIES AGREE THAT ANY POSSIBLE LEGAL ACTION WILL BE HEARD IN THE STATE OF MINNESOTA.”
Professor Favre, who lives in Wisconsin, is sick and sweating profusely after consuming a great deal of alcohol. He decides not to race. He suspects that he is having a minor reaction as he is diabetic and drank more than he intended. In the Waiting Area, which is located next to the track, he takes off his helmet. There is a sign posted that says “KEEP YOUR RACE HELMET ON WHILE IN THE WAITING AREA!"
Clinton and Bush, who dislike each other for unknown reasons, are the only ones on the track. They use go-carts manufactured by PrimoKarts. As they begin the race they drive very aggressively. Unbeknownst to either party, Ritchie, XYZ’s mechanic, fed up with low pay, did not do the usual morning inspection of the brakes and tires on either vehicle that morning. XYZ had been contemplating firing Ritchie due to his erratic work habits. XYZ instructed Ritchie to inspect the PrimoKarts daily as they never trusted their brake mechanism. PrimoKarts are regularly marketed to amusement parks. Their instruction manual states that they are not to be used for racing.
After two laps, Clinton’s brakes fail as he tries to aggressively pass Bush. He crashes into Bush’s kart near the waiting area. The brakes on both vehicles fail to hold. A tire dislodges at a high-rate of speed, and hits Professor Favre in the head, rendering him unconscious and bleeding from head injuries. His helmet is lying on the ground nearby. An ambulance is called. The medical technicians, seeing the head injuries, fail to notice the medical alert bracelet on Professor Favre’s wrist. At the hospital, Favre dies from insulin shock and other complications due to his diabetes while the emergency room doctor was doing a procedure to prevent blood clots and a possible stroke from the head injury. At autopsy, it was later learned that Professor Favre had been rendered brain dead by accident at the XYZ Go-kart facility.
(a) What claims may Professor Favre’s widow bring against the various parties?
(b) What defenses might each party bring against the possible claims asserted by Professor Favre’s widow?
(c) In what state should the case be brought?

(Points : 30)

. 4. (TCOs A, D, E) Judy Collinsworth, a then-unknown folk singer, signed a three album recording contract with Mercury Apollo Music, Inc. Mercury Apollo Music was a boutique label specializing in folk artists. Collinsworth’s first album for Mercury Apollo was moderately successful. The second album, unfortunately, was panned by the critics and did not sell. Mercury Apollo Music was acquired by NastiCondiMedia, Inc. NastiCondiMedia, in an effort to re-vitalize Collinsworth’s career, encouraged her to leave the folk style she was committed to and do more commercially viable pop material. Collinsworth rejected this request. Furious with NastiCondiMedia, Collinsworth wanted to end the contract. On her own, with what remaining personal funds she had left, she immediately went to an independent recording studio and did sessions toward a third album without approval or consent by NastiCondiMedia. Using her concert band, she recorded tracks for over 30 songs. Due to the financial failure of Collinsworth’s second album and her recent unsuccessful concert tour, NastiCondiMedia did not do the final production work on Collinsworth’s third album.
Collinsworth then entered into a contract with EasyListening Communications, Inc. She began recording a new folk album with EasyListening in conjunction with a concert tour that they financed and produced. At her concerts, Collinsworth would regularly introduce the new material that would be on her new album.
Shortly after the concert tour began, NastiCondiMedia brings suit against Judy Collinsworth and EasyListening Communications, Inc.
(a) What causes of action might NastiCondiMedia bring against Collinsworth and EasyListening?
(b) What causes of action might Collinsworth and EasyListening bring against NastiCondiMedia?

5. (TCOs A, B, F, H)
PART A
Paul and Thomas Hamilton, brothers, are college students and web designers. While at the University of Megalopolis, a private, for-profit college in the “Quad State” area, they started an online chat service called LinkTime. Paul attended and resided at the college’s campus in the State of Quadrahenria. Thomas, who was on probation during college for a low level felony drug conviction, could not be a resident student and took classes at the campus in the Commonwealth of New Guernsey campus. The chat service began by putting information from the school’s student directory online, and offering blog, chat and message board features. LinkTime was such a hit that within a year, the school advised the brothers that they had to remove LinkTime from the university’s server as it was utilizing too many resources. This was not a problem as the Hamilton found advertisers, so they were able to move LinkTime to a private server without charging user fees. In fact, LinkTime was earning so much revenue that the Hamilton brothers were able to pay themselves and the six friends who helped them operate it salaries. The Hamilton brothers are graduating from the University of Megalopolis and will be attending separate graduate programs. Paul will attend Quadrahenria State University, and Thomas the College of New Guernsey. As LinkTime is so successful, the brothers not only plan to expand it to the two new colleges that they are attending, but to as many other colleges within the four states comprising the “Quad State” area as possible. They even have hopes of “going national.” As part of their plan to expand to other campuses, they expect to recruit a student from each of the new schools “to get them in.” They wish to formalize LinkTime by organizing it as a proper business. The brothers would like to maintain a majority interest in the business, give about 20 percent to the six friends from their undergraduate days who helped them run the service, and use the remaining interest in the business to attract other investors and use employee incentives.
They seek your advice on (a) the form of business they should use, (b) who might have a claim on the business, and (c) how they might protect themselves from claims regarding a computerized internet platform?

PART B
LinkTime has been a phenomenal success for over ten years. They are now a worldwide social networking phenomenon. Over the years and the various incarnations of the business enterprise, they are now a corporation with just under 100 shareholders. In anticipation of a public offering, they have just completed a private stock offering and allowed several of the initial equity owners to exercise stock options. The Hamilton brothers each exercised options to purchase 10,000 shares for $5 a share. Also in anticipation of the public offering, pursuant to the early intervention drug plea he made while in college, Thomas Hamilton had his conviction expunged. In addition, LinkTime sold $10 million in two year advertising contracts, which would allow the clients to back out for a 90 percent refund. These unusual contracts increased their current revenue by 15%. As LinkTime is such a phenomenon, the hype regarding the public offering has been enormous. Even college students are attempting to buy the stock. Days before the public offering, the following occurred: (a) a broker at their underwriter, Silversmith &Baggs, showed a pension fund director a draft version of the prospectus; (b) Paul sold 1000 shares of the stock that he purchased through the stock option plan for $45 a share, telling the private investor that the issue price for the public offering would be at least $60 a share; and (c) several of the people who bought stock in the private offering sold it at a nice profit. The initial public stock offering had many problems. The NASDAQ computer system, which was implemented pursuant to a recent regulation change by the Securities And Exchange Commission (SEC), could not keep up with the demand. The system could not accurately report the price, and many day traders, including Big Profit Hedge Fund, lost money. Big Profit had formally filed its opposition to the SEC’s regulation when it was proposed. After the public offering was completed, LinkTime stock stabilized at $40 a share, well below the initial offering price of $70 a share. In light of the fiasco of the public offering and the bad press that it generated, users began to drop LinkTime in favor of a new, upstart rival service offered by TronCom. Fearful that the new advertisers would back out of their contracts, the Hamilton brothers sold a great deal of their stock.

What issues does LinkTime, its officers, and stockholders face under (a) state securities law, (b) the Securities Act of 1933, and (b) the Securities and Exchange Act of 1934? (Points : 60)

6. (TCOs A, D, E) Jane worked at the local country club pool as a lifeguard, not a swim teacher, for the summer of 2013. Jane was a public school physical education teacher. The country club did not do a background check or confirm any references when they hired her. They relied on the “say-so” of Jane’s brother, a member of the country club board of directors. The country club only did a cursory Internet search of the state’s Department of Education website to verify that she had a valid teaching certificate. When one of the swim instructors unexpectedly quit one day, she took over the class. Initially, the class went well. Eventually, Jane also took over coaching the club’s competitive swim team. When she became the swimming coach, Jane effectively stopped “teaching” the swim classes. Instead, she had all the swimmers in the classes do races and train for competitive meets during the 30 minute lessons. Jane had done this many times during the summer. Her boss, the country club director, knew this and, as the swim team was winning, ignored complaints from parents and students. Jane raced with the swimmers and pushed the winners out of the way when they tried to touch the side of the pool so that Jane’s team would win each time. This was not the first time that Jane had injured swimmers. Last year, she was arrested for physically abusing a child she coached at her school. Although the criminal charges were dropped, Jane is on administrative leave from her public school job until an administrative hearing with the state Department of Education can be held in the fall. The incident was reported in several local papers, and her administrative suspension is listed on the state’s database.
Several of the children, ages 6–8, reported to their parents that they had been physically assaulted by Jane while in swim class for not “working hard enough!” The children had bruises on their shoulders. In addition, Jane began “approaching” an 18-year-old college student who worked as a lifeguard and assisted Jane with the coaching. Over time, Jane’s “advances” toward the young man became very aggressive. Jane continued even though the young man asked her to stop. In fact, after the young man told Jane to stop, as he felt harassed, Jane hired another lifeguard to assist her with the coaching. The country club director was aware of this situation, but as the swim team was winning, he took the position that it was an interpersonal issue that the two should workout among themselves.

Several parents brought suit against the local country club, Jane, and the country club director. The young lifeguard has also brought suit. The local country club pool alleges that it is not liable. Discuss the ethical, liability, and agency issues presented by this matter, and all defenses available to the local country club pool. (Points : 30)

7. (TCOs G and I) In the 1930s, after immigrating to the U.S. from Ireland at the onset of World War II, Shamus and Mary McCream opened a bakery in Boston. They specialized in snack cakes. McCream Cup Cakes became so popular in the area that the family stopped being actual bakers and became manufacturers/ food processors of the snack cakes on a regional basis. After returning from the war, their son Steve completed college and began working in television advertising in the early 1950s. Steve approached his parents and his older brother Tom, who was now running the business, about the possibilities of advertising and “going national.” The family liked the idea and began advertising and expanding. In addition, to fuel the expansion, they offered retailers price discounts and other incentives if they prominently positioned the store displays set-up by McCream rack jobbers. By the 1960s, they were a national brand, controlling over 80 percent of the snack food industry.
In the 1970s, with the advent of the hippie counter-culture and the back-to-Earth movement, a new competitor made an impact on the McCream business. The company, Healthy Snacks, began advertising that their products only used natural ingredients. They even began running a commercial in which a mother and child compared their Healthy Snacks with a lampooned product named “Cup Cake McCrumbs,” stating that it tasted like poison and dog food! Tiny-Big- Brian, a counter-culture pop star with a late night UHF and cable show, joined in on the controversy created by the commercial and stated that he did not understand how people, “could buy such poisonous dog food and serve it to their children as snacks!” Market studies showed that McCream Cup Cakes sales suffered. As a result, McCream began a more aggressive shelf space and display marketing campaign to combat Healthy Snacks’s television advertising. McCream’s marketing efforts were successful. By also offering volume discount incentives, they had prevailed upon retailers in their traditional East Coast and Midwest markets to prominently display their products. To counter this strategy, Healthy Snacks offered a deep discount to WaySafeMart, a Southwest and West Coast discount chain, in exchange for an agreement to exclusively sell only their snack foods.
In reality, McCream Cup Cakes used only FDA approved ingredients and preservatives and were made in American plants that always passed inspections. In contrast, although Healthy Snacks’s pilot plant was in Florida, it had subcontracted the bulk of its production to a plant in the Dominican Republic. As a result, to maintain a level of quality, Healthy Snacks used the maximum amount of preservatives allowed under the law of the Dominican Republic for the imported product. The level was so high, reactions to the food were often reported. The levels were higher than those allowed by FDA regulations, but allowed per an agricultural import/export treaty between the United States and the Dominican Republic. Several people who ate these Healthy Snacks required emergency room visits. A child in Georgia, with food allergy problems, even died. Her parents served her the snack, relying on the advertising, not knowing that some of the natural ingredients used in the Dominican Republic-made product were dangerous to her.
The McCream family seeks your advice and opinion regarding:
(1) Healthy Snacks’s advertising campaign.
(2) The marketing and distribution campaigns both companies have engaged in.

(3) The liability issues Healthy Snacks faces regarding their use of food manufactured outside of the United States. (Points : 30)

8. (TCOs A, E, F) John and Janet Fonda, siblings and actors, decide to retire after years on the road. They remember a town in New Jersey they were familiar with from their travels. From the internet, they learn of a farm a few miles outside of town that seems ideal. There is a great house and lots of land. The Fondas wish to convert the farm to a restaurant-hotel with a dinner theater. They contact the realtor by phone, and make arrangements to buy the parcel. The Fondas plan on traveling to New Jersey prior to the closing to look things over, but are unable to do so due to their touring schedule. The realtor, whose commission is technically paid by the proceeds to the seller, and who has a listing contract with the seller, advises the Fondas that she will handle everything. New Jersey custom, law, and practice does not require a purchaser of land to have an attorney. The realtor does only the bare minimum needed for title to transfer to the Fondas. On their behalf, she only has a minimal title search and minimal inspections done, and she obtains a minimal coverage title insurance policy. As the area near the farm was once occupied by a large chemical plant, when the realtor represents local purchasers, as a precaution, she advises the buyers to get the maximum possible title search and title insurance, and to get all possible inspections done. It is her regular practice to caution local purchasers who she represents about the former chemical plant.

After closing on the property, the Fondas learn of the old chemical plant. They seek your advice as to their liability and the liability of any other parties. (Points : 30)

NETW 589 Week 8 Final Exam

BUY NETW 589 Week 8 Final Exam

1. (TCO A) The CEO of an automobile manufacturer directed her R&D department to come up with a radical innovation. Which of the following ideas best fits the bill?(Points : 5)

2. (TCO A) According to studies, which of the following tends to be true of prolific inventors?(Points : 5)

3. (TCO B) eBay uses an online payment system called PayPal, which accepts credit cards or electronic funds transfers. The payment system is heavily secured using encryption technology. According to the Kim and Mauborgne model, PayPal is offering simplicity, convenience, and _______ utility levers.(Points : 5)

4. (TCO B) As complementary technologies develop for an innovation, that innovation will(Points : 5)

5. (TCO C) Dr. Stone wanted to get a good deal on a laser that would help him in providing sight-correcting surgeries. He soon found out that prices were not very negotiable. This might be due to the fact that(Points : 5)

6. (TCO C) Which of the following would be an example of a tacit resource?(Points : 5)

7. (TCO D) Dove Laboratories is a large pharmaceutical firm that is 70 years old. It has consistently invested heavily in R&D. One would expect Dove to have(Points : 5)

8. (TCO D) Brintle Enterprises entered into an alliance with several other trucking companies to use high tech communications to manage its trucks across the nation more effectively. In this arrangement, firms will help each other keep track of trucks of the entire alliance but will share no other information. This alliance would be considered in _________(Points : 5)

9. (TCO E) Bill is looking for a team leader for a heavyweight new product development team. He told his administrative assistant that he needs someone with multilingual skills. By this, he means someone who(Points : 5)

10. (TCO E) The vice president of Biogyn Lifesciences is trying to decide on the composition of a new product development team. If she chooses members who are from different backgrounds, one of the disadvantages will be that(Points : 5)

11. (TCO F) Mallard Prosthetics was a leader in the prosthetic arm market and profits from its prosthetics were very high. Mallard developed a computerized prosthetic arm and has been advised by a consulting firm to "embrace cannibalization." This means that the company should(Points : 5)

12. (TCO F) When Foxie, Ltd. developed a new facial cream that buyers in California loved; it delayed its entry into that market by another 6 months. Foxie had just moved from a small facility employing 20 persons to a larger production facility that could accommodate 120 employees. It appears the delay in going into California was so that its introduction could coincide with ________.(Points : 5)

1.(TCO A) If you were looking for a location for your software development company, why might you consider Silicon Valley? What are the drawbacks to that location?(Points : 40)

2.(TCO B) Explain what factors affect the technology trajectory and chances of success of a new technology besides its quality and technical advantage.(Points : 40)

3.(TCO C) Recently, three cell phone companies announced the addition of a nationwide walkie-talkie service to supplement their regular cell phone service. Will this be a sustainable competitive advantage? Justify your answer.(Points : 40)

4.(TCO D) Dreyfuss WebMakers Company developed a template for a web page that included a shopping cart and other capabilities to market its software. However, Dreyfuss soon realized it could make even more money by selling this template in modules to others wishing to quickly build web pages to sell their products. Dreyfuss is considering using licensing to distribute its templates. Discuss the advantages and disadvantages to this approach.(Points : 40)

5.(TCO E) Marion has argued that with modern information technologies, collocation of team members is no longer important. How would you respond to this claim?(Points : 40)

6. (TCO F) When S.C. Johnson released Agree Shampoo in the late 1970s, it was an innovative hair care concept because it repaired split ends. Since it was such an improvement, why would S.C. Johnson enter the market with low prices and dealer incentives as it did?(Points : 40)

понедельник, 19 октября 2015 г.