Economic Lens In The Workplace

Now we are going to make a recommendation of compensation policy that Typware may follow in this cause-

1. Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally. (4-6 sentences. 2.0 points)

Despite the city’s positive response to the coffee shop’s renovation, other businesses in the area have not followed suit in renovating the many decrepit buildings and abandoned lots. How might the presence of an externality be in part the cause of this?

Minorities encounter unequal pay who have same qualifications as the standard group in America, which are the white Americans. The minority group with the largest pay gap are the Hispanic and Latina women who receive only 54 percent of "what a white man were paid in 2014" (Hill, n.d., para 8). Hill continues to express those who are affected by the pay gap, she states that the "pay gap is far worse for women of color". Furthermore, According to Hill (para. 10-12), education is a great way to increase earnings and decrease the pay gap, however, the "black and Hispanic women still earn less than their white and Asian peers, even when they have the same educational credentials." Furthermore, this indicates that with the same qualifications and

Watson enjoys playing golf at the country club. An 18-hole round generally takes him out of his office for about 4 hours of relaxation and exercise. He works hard during most of the week but likes to play on Wednesday afternoon to avoid the 3 patient visits per hour (at $30 per visit) he otherwise would have received. Since he is already a member of the club, he makes only a small out-of-pocket expenditure of $10 to the club each time he plays. [NB. all parts of this question combined count the same as one of the other questions.]

The second episode of the many seasoned series “The Office”, starring Steve Carrell as Michael Scott, was a comedic episode that also showed many negative interactions that Michael had with his employees as their manager. It was very obvious that Michael was instigating discrimination and causing immediate harm to his employees. The episode showed many accounts of racism and I was surprised that FOX even aired the episode for a second episode ever, it was very risky.. When Michael created his own “Diversity Day” he created much more discrimination in the office that created many problems among the employees. Michael is very lucky that Dunder Mifflin was not sued against for the countless acts of discrimination and terrible management. Michael

Health care in America is at the center of controversy. It is a progressive and rapid changing entity. Since the 1970s, America has seen many different types of programs and funds created to help solve the issue of the cost of health care. Many of these programs are on the brink of bankruptcy and have not done far enough to make it more affordable and assessable. Actually America has the most expensive healthcare system in the world and not only is it the most expensive, but in many areas such as quality of care, America is no where near the top among developed countries (Davis, Stremikis, Squires, & Schoen, 2014).

The debate on wage is something that has become known as what I could call a very “fluent” topic among voices of people that live in the United States today. People that walk and live within the borders of this beautiful country are crying out for help from any state or government official who is willing to lend an ear and listen to what is really happening behind these closed doors.

Recently, the Park Avenue Medical Center in Apopka, Florida, experienced a case of economic sexism that was eye-opening. A male doctor and female doctor were hired for a pediatric position at the same time, and had equal experience and credentials. It was discovered however, the female doctor was paid $30,000 a year less than the male. This may seem like a small difference, however the slightest bit of money adds up over the years. Both doctors had experienced the same daily activities, the same education and knowledge, and the same amount of experience; their only difference being their gender (Stobbe). The economy determines the success or failure of a country, yet issues throughout it, like sexism, are overlooked. The difference in the case of sexism in the economy is that there are ways to fix it. With that being said, sexism is still present in today’s economy, however, in order for sexism to be eradicated, it must be shown where it occurs.

Due to the significant cost associated with DVD creation, replication, shipping and install Clifford Thames will charge a $10 flat fee surcharge for all DVD customers. This surcharge is irrespective of the number of DVDs (i.e. dealers taking 1 DVD will be charged $10 and dealers taking 9 DVDs will also be charged $10). The $10 surcharge will be a separate transmittal and will be entirely payable to Clifford Thames to partially offset the costs and this is not part of the revenue share.

The issue of pay and cost of living have been important topics that have dominated the news lately. Being an election year, candidates for the presidency have used this as a major campaign focus as their hopes is to gain votes from individuals that see their pay stagnant, unequal or nonexistent. Individuals would like to know they are making forward progress and have the ability to make a wage that allows them to maintain a comfortable life. Issues such as working poor, decreasing working hours and minimum wage have become important issues in the US economy. We will examine the case study of Ikea and the evolution of wages that are being championed by companies and the red tape seen within the government.

One of my teachers assigned a career research project in my sophomore seminar class. Looking through the website that I was giving comparing salaries and jobs and experience I ran across something I may like to do. After that I started to thinking about what I wanted to pursue a career in Customer sales and customer service in Hickory North Carolina. I even have an online customer service job through Nexus Op. It a live customer service job that will kind of get me ready for the real life experience in the field of customer service. I also have that job to make extra money and help support while I am in college.

Organizational Economics deals with a fundamental and universal problem of organizations: How to induce managers and other employees to act in the best interests of those who control ownership or, in the case of government agencies and nonprofit organizations, those who have the authority to control policy and resource decisions. Also rooted in the second half of the 20th century Organization Economics Theory is concerned with agency theory, behavioral theory, incomplete contract theory, transaction cost economics, and game theory (Shafritz, Jang, & Ott, 2011). Unlike typical neoclassic economic models that see organizations as systems for managing productions costs and schedules, key questions organizational economists address include the contractual nature of firms, bounded rationality, the significance of investment in specific assets, the distinction between specific rights and residual rights and the effects of imperfect information. (Shafritz, Jang, & Ott, 2011). Additional interests lie in the concepts and tools from the field of economics to the study of the internal process and structures of the firms.

Microeconomics is the economic influences that impact at the micro, or firm, rather than macro level. The study of this subject is one that is highly valuable for any studying business with the provision of knowledge that will increase understanding of different influences and support the decision making processes. With the knowledge gained, along with the skills in applying that knowledge developed through class work and exercises for the different modules, there has also been the development of increased confidence, both personal and in the theories, in using the relevant concepts and tools in a practical setting.

. Through the process of reading, I learned many things about the economy. First of all, I learned that it is a much more difficult decision to come to in regards of how much government involvement in the nation’s economy is enough, how much is too little, and how much is not enough. I also learned that trying to keep the economy stable and productive is a constant and difficult struggle, and that it is often difficult to even know what needs to or can be done in order to stabilize it. While I find economics to be somewhat boring (I am a music major and largely emotionally driven, which means that my entertainment is usually emotionally involving somehow), I actually enjoyed how Wheelan explained economics in this book. While I would not read it for fun, reading this book as an assignment was not painful.