***PLEASE CAREFULLY READ INSTRUCTIONS AND NO PLAGRISM****
Principle of Economics Wk3-Wk 5
- Reply to these prompts using the company for which you currently work, a business with which you’re familiar, or the dream business you want to start:
Week 3—
What are some key fixed and variable costs for this business? Remember, fixed costs do not change when output changes. That is, fixed costs remain even if the company is producing nothing. Variable costs increase as output increases.
Week 4—
Does the business operate in a market that is characterized by perfect competition, monopolistic competition, oligopoly, or pure monopoly? Explain how you drew your conclusion about its market structure.
Week 5—
Considering Tradeoffs You Make Every Day
Let’s talk about two tradeoffs we face every day: how we spend our time and money.
We can spend our income, or save it for investing. We can spend time working to earn an income, or we do other things that we broadly call leisure.
Reply to these prompts to start your discussion:
•Describe a tradeoff you have made in terms of your income or your time. What choice did you make with your money or time? Why did you make that choice?
Business and Society Week 3-5
Week 3—
“Safe Assign and Assignment 1” Please respond to the following:
Safe Assign measures how much of the writing in Assignment 1 is NOT your own words and sentences.Writing that is not your own words and sentences is called unoriginal content.It is measured by Safe Assign as a percentage of the total words and sentences in your Assignment 1.For instance, a Safe Assign score of 18% means 18% of the paper was unoriginal content.Please read the “Due Dates and Tips for Success” in the Course Info tab.Also, please read Strayer Writing Standards found in the course menu.Then provide the following information:
•What is the maximum percentage score an assignment can earn from Safe Assign and still be acceptable for grading in this class?
•If a paper earns a Safe Assign score of 57%, will the paper be graded?Yes or No?
•If a paper has a Safe Assign score that is too high, what must the student do?
•If a paper is revised due to a bad Safe Assign score, and if the revision still has a Safe Assign score that is too high, what are the two possible grades the student can get?
•If a student wishes to see his or her Safe Assign report after the paper is submitted, what must the student do?
•What effect do quotations have on the Safe Assign score?
•What is the best way to lower a high Safe Assign score?
•What are the five source list elements?
•How many sources are required for Assignment 1?
•Where can students find the list of approved corporations for Assignment 1?
Please also write two or three sentences to a fellow student.Advise them on the best way to reduce a bad Safe Assign score OR explain how to replace quotations with more appropriate writing.
Week 4—
Regulatory Agencies” Please respond to the following:
- Describe an action a regulatory agency took against a business in the past 6 months. Post a link to your source. Do you agree or disagree with the action? Explain your reasoning and support it with the materials from this week.
- Respond to at least one of your fellow classmates. Do you agree with their position? State at least one reason why or why not. Describe the effect the regulatory agency they have referenced has on the business environment.
Week 5—
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“Environment Management Blog”‘ Please respond to the following:
- You have been appointed as the new environmental manager for Microsoft. In a blog post to your key stakeholders, discuss using environmental management as a competitive advantage.
- Comment on at least one of your fellow classmate’s blog posts with a concern you would have if you were a key stakeholder. Cite references for your concern.
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ASSIGNMENT
- According to the textbook, the current world economy is increasingly becoming integrated and interdependent; as a result, the relationship between business and society is becoming more complex. In this assignment, you will be researching a Fortune 500 company from an approved company list provided by your professor. Be sure to check the list before you begin.
Write a four to six (4–6) page paper in which you:
- Specify the nature, structure, and types of products or services of your company, and identify two (2) key factors in the organization’s external environment that can affect its success. Provide an explanation to support the rationale.
- Suggest five (5) ways in which the primary stakeholders can influence the organization’s financial performance. Provide support for the response.
- Specify one (1) controversial corporate social responsibility concern associated with your company.
- Submit a reference page with at least four (4) quality references that you have used for this paper. Note: Wikipedia and other Websites do not qualify as academic resources.
Your assignment must follow these formatting requirements:
- This course requires the use of new Strayer Writing Standards (SWS). The format is different from other Strayer University courses. Please take a moment to review the SWS documentation for details.
- Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow SWS or school-specific format. Check with your professor for any additional instructions.
- Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
- Analyze the relationship between business and society, and the ways in which they are part of an interactive system.
- Recommend ways stakeholders can influence the destiny of both business and society.
- Analyze the various primary and secondary stakeholder groups, their roles, and relationships.
- Compare and contrast the concepts of corporate social responsibility and citizenship.
- Analyze ways ethical challenges affect the multiple functions of the business.
- Use technology and information resources to research issues in business and society.
- Write clearly and concisely about business and society using proper writing mechanics.
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