In today's economic environment, making a decision can result in failure by not responding to the market and consumer’s needs. I have to make many decisions. In order for me to make a thoughtful decision, I review all financial data that is involved. For instance, I analyze and compare my grocery and clothing prices, vehicle purchase, and doctor visit cost before I purchase anything. This prevents me from making a poor decision. However, when it comes to education, I use my intuition and belief to efficiently select the institution that I would want to attend. For example, my master program emphasizes on the benefits of supporting an organizational culture that has successful and unsuccessful outcomes. More so, the program explores many companies’ limitation in a constructive way to find a suitable …show more content…
In addition to, it provides the necessary material to become an effective leader. The program offers the ability to access information easily without becoming frustrated with the navigation system through the course selection, syllabus, Moodle and the school process. By doing this, it helps me to understand the programs mission, goals and objective. Further, the essential principle of my educational decision is rooted on having a clear understanding of the business, academic data, and economics. Therefore I will collect, screen, and analyze the financial data about of the various schools, which will illustrate a method for me to outline. It will provide me a summary of the cost benefit, which does not require a complicated equation. The method will demonstrate the growth in area in order to meet the economic environment. This will create a clear understanding of the market demand for customer satisfaction as well as to motivate the
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Ordinarily, people are in control their actions. However, all actions and decisions are based on knowledge and experience, or, a person’s social location. Considering the article by Janice Bloom (2005), Hollowing the Promise of Higher Education: Inside the Political Economy of Access to College, many students in low socioeconomic status are not knowledgeable about their financial options with regards to accessing higher education. This lack of knowledge generates a perception of limited options which leads to uninformed decision-making. For example, Bloom explains that several students in her
The annual increase of the tuition fee for the last five years is associated with the increase in the operating budget of the State University. Therefore, there is a need for the State University to cut down some of their operating cost and implement audit activities that should be carried of often to ensure that the quality of education offered matches the resources used and the future needs of the country. The university should also set a clear cut-line to ensure that students meet at least the minimum requirements for the admission to various courses. Another important parameter that needs to be implemented is the audit program that will ensure that teacher and lecture teaching in the state university meets the requirement for carrying
Higher education has been known by many Americans as a luxury for only those who can afford it if not being forever in debt with student loans. The price of higher education has been in debate for many years but it still has not ceased to come into an agreement. Should higher education lower its price or is it worth paying for it? As Andrew Hacker and Claudia Dreifus argue in their article “Are Colleges Worth the Price of Admission?” there are colleges worth mentioning about how successful their financial management has been correlated with their students success. The issue has also come into attention for Sanford J. Ungar, as he explains in his article “The New Liberal Arts,” although liberal arts education may be have its misconceptions, it does pay for its price. Hence, higher education (whether from a regular university or a liberal arts college) is worth the price, as it prepares individuals for the real world more than any other kind of education, it is an unique time were students are allowed to explore and put their abilities into test and it is the opportunity for many to overcome the many obstacles life has to offer.
Decision making is a critical step for every individual. Pursuing a degree in finance was an overwhelming decision to make. However, I had to make it. Since my childhood, I have been having the dream and ambition of working as a financial operator. I wanted to work in this role in any of the accounting fields. The desire was further enhanced by some of my relatives who used in financial administrators in the City. They looked so great and appeared to enjoy doing most of their job duties. Also, I could them speak of the working which when I inquired further they gave perfect descriptions making to desire to join them someday in the future. Moreover, their annual salaries seemed quite attractive. On the academic side, I have always excelled
In the textbook “Becoming a master student”. I chose 5 articles to read, and I learn a lot of strategies and skills to improve my academic. The eight articles that I have read are: Chapter Seven, Becoming a Critical Thinker, page 229. Chapter Eight, Academic integrity: Avoiding plagiarism, page 287. Chapter Nine, Dealing with sexism and sexual harasment, page 315. Chapter Ten, Spend less money, page 337. Chapter Eleven, Ways to change a habit, page 363. Chapter Eleven, Suicide is no sulution, page 380. Chapter Twelve, Create your career now, page 402. Chapter Twelve, Surviving your first day on a new job, page 421.
America’s education system has been in a state of distress for the past decade, but garnished headlines recently as the student loan debt crisis reached over a trillion dollars. In conjunction with that, tuition is no longer the only obstacle a student faces when considering their future. As generations come and go, universities have slowly, but surely, been angling their education in a way to favor profit over knowledge. Because of the new direction higher education models are taking, Magdalena Kay questions her readers, “is there a problem with students, with teachers, with administrators, or maybe
One of the major pieces to becoming a successful business man/woman is receiving a college education. A college degree is viewed as a necessity and is slowly becoming an unreachable goal for some people. Most believe that the cost of college has been rising and continues to rise, and that the rate of increase is outpacing that of other costs (NAICU). As the cost of college rises, families have to change their way of life to be fortunate enough to send their children to college. Along with changing how families’ live, many other problems are produced in various ways. The cost of college should be lowered because it imposes a burden on parents and their children, causes some students to alter their choice of which college to attend, and
Within the introduction, Murray states that, “More people should be going to college, not fewer. Yes and no” (Murray 235). Before he respond to his own question, he approach the problem first by looking at the big picture. He examines the statistics of the financial situations regarding college as well as the competence of potential students. Murray pointed out that students may have different intellectual level, so that they should choose course on their free will. In fact, students need to learn things other than planned curriculum, because they might be learning something that they have
What cannot be defended is the claim that tuition has risen because publicfunding for higher education has been cut.not increased since the tail end of the baby boom, the percentage of the population enrolled in college has risen significantly, especially in the last 20 years. In this article the author mention some opportunity cost, total cost of ownership, sensitivity analysis, viewpoint, activity-based costing, efficiency, technicalefficiency, allocative efficiency, price and transaction costs.
The overwhelming cost for higher educational institutions is causing a huge concern over whether higher education will be an attainable financial concept to the ordinary student in the upcoming years. Many Americans now tend to believe that the path to obtaining a degree has turned into distraught with financial traps. Recent studies done by the U.S. Department of Education show that “college tuition and fees have ballooned 1,120% since 1978. A year of college tuition for
In today’s economy, decision-making skills vary for each household; however, the bottom-line goal for every individual is to get the most for their money. In order to do this, there are 4 principles of individual decision-making: facing trade-offs, evaluating what one is giving up to obtain their goal, thinking at the margin, and responding to incentives.
A Nobel Prize-winning diplomat, Kofi Annan once said that “To live is to choose. But to choose well, you must know who you are and what you stand for, where you want to go and why you want to get there.” Indeed, our thoughts reflect our value ,our actions account for our future, and our choices define who we are. If choices’ importance are crucially emphasized, shouldn’t we look before leap? What if a student wants to become the best in his major, why shouldn’t he deserve to learn from the best instructor in the business? Who are we to deprive the right of students?
Education is important in many cultures because it gives an opportunity to gain the skill which is needed to navigate in the world. It plays a crucial factor in all countries. Also, it is important in the country like Kazakhstan which is developing. The education system of Kazakhstan has changed a lot from the USSR’s collapsing. It was improved and modified. However, the result of PISA ranked the knowledge of the 15 years old students to 49th in 2012 (PISA 2012 Results in Focus, 2014). The ranking shows the education system of school needs an amelioration. Therefore, the Kazakhstani government requested technical assistance to improve the nation’s educational system in 2011(PISA 2012 Results in Focus, 2014). In response, the World Bank Group launched the Joint Economic Research Program, or JERP, in order to enhance the quality of education. After researches there were provided additional technical equipment to schools but the method or approach of teaching was not changed. There is mistake that the way of teaching and requirements to teachers weren’t considered that could have improved the system. The method of teaching of successful countries should have considered and applied for Kazakhstani schools’ education. Therefore, this research was conducted in order to regard the gap. As an example country for application its experience Finland was chosen because Finland’s way has significant implication for reformer, especially those who is facing the same problems. Finland
In this assignment, it is evident that I have only one semester left to graduate and I have enough finances to do a maximum of four courses. Three of the courses are required courses and the last course slot is elective. I will have to narrow down my choices to three electives and based on two economic decision-making principles, I will provide and support my choice.