Question & Answer

: Compare and contrast the globalization, multidomestic, and glocalization strategies for global business.

: Describe how managers can use the organizational mission and other techniques to manage goal conflict.

Willie Nelson, Jr., controller for Jenkins Corporation, is preparing the company’s financial statements at year-end. Currently, he is focusing on the income statement and determining the format for reporting comprehensive income. During the year, the company earned net income of $400,000 and had unrealized gains on available-for-sale securities of $15,000. In the previous year, net income was $410,000, and the company had no unrealized gains or losses. Instructions (a) Show how income and comprehensive income will be reported on a comparative basis for the current and prior years, using the two statement format. (b) Show how income and comprehensive income will be reported on a comparative basis for the current and prior years, using the one statement format. (c) Which format should Nelson recommend?

Indicate the mathematical equation for the flow curve

Explain the potential for corruption when a trustee has the power to determine who will manage a pension fund. (LO5)

Three tool materials are to be compared for the same finish turning operation on a batch of 150 steel parts: high-speed steel, cemented carbide, and ceramic. For the high-speed steel tool, the Taylor equation parameters are: n = 0.130 and C = 80 (m/min). The price of the HSS tool is $20.00 and it is estimated that it can be ground and reground 15 times at a cost of $2.00 per grind. Tool change time is 3 min. Both carbide and ceramic tools are in insert form and can be held in the same mechanical toolholder. The Taylor equation parameters for the cemented carbide are: n = 0.30 and C = 650 (m/min); and for the ceramic: n = 0.6 and C = 3,500 (m/min). The cost per insert for the carbide is $8.00 and for the ceramic is $10.00. There are 6 cutting edges per insert in both cases. Tool change time is 1.0 min for both tools. The time to change a part is 2.5 min. The feed is 0.30 mm/rev, and depth of cut is 3.5 mm. The cost of machine time is $40/hr. The part is 73.0 mm in diameter and 250 mm in length. Setup time for the batch is 2.0 hr. For the three tooling cases, compare: (a) cutting speeds for minimum cost, (b) tool lives, (c) cycle time, (d) cost per production unit, (e) total time to complete the batch and production rate. (f) What is the proportion of time spent actually cutting metal for each tooling? Use of a spreadsheet calculator is recommended.

: Compare the ideal, rational model of decision making to the political model of decision making.

Explain why the credit crisis caused concerns about systemic risk. (LO5)

What is the price elasticity of demand at the point (a) where the demand curve crosses the vertical axis; (b) where it crosses the horizontal axis?

Describe in general how the cash method of accounting differs from the accrual method of accounting.

: Explain the strategic management process.

What are the major lessor groups in the United States? What advantage does a captive have in a leasing arrangement?

Why cannot a direct conversion be made between the ductility measures of elongation and reduction in area using the assumption of constant volume?

1.       : Discuss how the dilemma of teamwork versus individual work might be intensified in a virtual team. What dilemmas do you encounter when you have to do class assignments as part of a team? Discuss.

: Identify the biases that frequently cause managers to make bad decisions.

How might a balanced scorecard be used?             (LO4)

What is meant by the securitisation of assets? How might this be (a) beneficial and (b) harmful to banks and the economy?

How do earnings surprises affect valuations of stocks? (LO3)

A plastic extrusion process produces round extrudate with a mean diameter = 28.6 mm. The process is in statistical control and the output is normally distributed with standard deviation = 0.53 mm. Determine the process capability.

From looking at Figure 15.16, how has the pound ‘fared’ compared with the US dollar and the yen from 1980? What conclusions can be drawn about the relative movements of these currencies?

: Explain innovative techniques for decision making, including brainstorming, evidence-based management, and after-action reviews.

The Fed focuses its control on the federal funds rate, yet indirectly influences many other types of interest rates. Explain. (LO2)

Part I: The appropriate method of amortizing a premium or discount on issuance of bonds is the effectiveinterest method. Instructions (a) What is the effective-interest method of amortization and how is it different from and similar to the straight-line method of amortization? (b) How is amortization computed using the effective-interest method, and why and how do amounts obtained using the effective-interest method differ from amounts computed under the straight-line method? Part II: Gains or losses from the early extinguishment of debt that is refunded can theoretically be accounted for in three ways: 1. Amortized over remaining life of old debt. 2. Amortized over the life of the new debt issue. 3. Recognized in the period of extinguishment. Instructions (a) Develop supporting arguments for each of the three theoretical methods of accounting for gains and losses from the early extinguishment of debt. (b) Which of the methods above is generally accepted and how should the appropriate amount of gain or loss be shown in a company’s financial statements?

There are 20 correct answers in the following multiple choice questions (some questions have multiple answer(a).s that are correct). To attain a perfect score on the quiz, all correct answers must be given. Each correct answer is worth 1 point. Each omitted answer or wrong answer reduces the score by 1 point, and each additional answer beyond the correct number of answers reduces the score by 1 point. Percentage score on the quiz is based on the total number of correct answers. 28.1 Which of the following are reasons why workparts must be cleaned in industry (four best answers): (a) to avoid air pollution, (b) to avoid water pollution, (c) to enhance appearance, (d) to enhance mechanical properties of the surface, (e) to improve hygiene conditions for workers, (f) to improve surface finish, (g) to prepare the surface for subsequent processing, and (h) to remove contaminants that might chemically attack the surface? 28.2 Which of the following chemicals are associated with alkaline cleaning (two correct answers): (a) 28.3 In sand blasting, which one of the following blast media is used: (a) Al2O3, (b) crushed nut shells, (c) nylon beads, (d) SiC, or (e) SiO2?borax, (b) 28.4 Which of the following processes generally produces a deeper penetration of atoms in the impregnated surface: (a) diffusion or (b) ion implantation? 28.5 Calorizing is the same as which one of the following surface processes: (a) aluminizing, (b) doping, (c) hot sand blasting, or (d) siliconizing? 28.9 Which one of the following plate metals produces the hardest surface on a metallic substrate: (a) cadmium, (b) chromium, (c) copper, (d) nickel, or (e) t28.3 In sand blasting, which one of the following blast media is used: (a) Al2O3, (b) crushed nut shells, (c) nylon beads, (d) SiC, or (e) SiO2? 28.10 Which one of the following plating metals is associated with the term galvanizing: (a) iron, (b) lead, (c) steel, (d) tin, or (e) zinc?   28.11 Which of the following processes involves electrochemical reactions (two correct answers): (a) anodizing, (b) chromate coatings, (c) electroless plating, (d) electroplating, and (e) phosphate coatings? 28.12 With which one of the following metals is anodizing most commonly associated (one answer): (a) aluminum, (b) magnesium, (c) steel, (d) titanium, or (e) zinc? 28.13 Sputtering is a form of which one of the following: (a) chemical vapor deposition, (b) defect in arc welding, (c) diffusion, (d) ion implantation, or (e) physical vapor deposition? 28.14 Which one of the following gases is the most commonly used in sputtering and ion plating: (a) argon, (b) chlorine, (c) neon, (d) nitrogen, or (e) oxygen? 28.15 The principal methods of applying powder coatings are which of the following (two best answers): (a) brushing, (b) electrostatic spraying, (c) fluidized bed, (d) immersion, and (e) roller coating? 28.16 Porcelain enamel is applied to a surface in which one of the following forms: (a) liquid emulsion, (b) liquid solution, (c) molten liquid, or (d) powders? 28.17 Hard facing utilizes which one of the following basic processes: (a) arc welding, (b) brazing, (c) dip coating, (d) electroplating, or (e) mechanical deformation to work harden the surface?

Tim is 45 years old and considering enrolling in an insurance program that provides for long-term care insurance. He is curious about whether the insurance premiums are deductible as a medical expense. If so, he wants to know the maximum amount that can be deducted in any year.