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ACCOUNTING 348-Forty-six percent of a population possesses

Subject: Mathematics / Statistics
Question
Statistics: Please show your solutions in detail.
1. Forty-six percent of a population possesses a particular characteristic. Random samples are taken from this population. Determine the probability –

(a) The sample size is 60 and the sample proportion is between .41 and .53.

2.What is the average length of a company’s policy book? Suppose policy books are sampled from 45 medium-sized companies. The average number of pages in the sample books is 213, and the population standard deviation of 48. Use this information to construct a 98% confidence interval to estimate the mean number of pages for the population of medium-sized company policy books.

3. Is the environment a major issue with Americans? To answer that question, a researcher conducts a survey of 1255 randomly selected Americans. Suppose 714 of the sampled people replied that the environment is a major issue with them. Construct a 95% confidence interval to estimate the proportion of Americans who feel that the environment is a major issue with them. What is the point estimate of this proportion?

4. According to Runzheimer International, the average cost of a domestic trip for business travelers in the financial industry is $1,250. Suppose another travel industry research company takes a random sample of 51 business travelers in the financial industry and determines that the sample average cost of a domestic trip is $1,192, with a sample standard deviation of $279. Construct a 98% confidence interval for the population mean from these sample data. Assume that the data are normally distributed in the population.

5. A national beauty spa chain wants to estimate the number of times per year a woman has her nails done at one of their spas if she uses one at least once a year. The chain’s researcher estimates that, of those women who use a beauty spa at least once a year to get their nails done, the standard deviation of number of times of usage is approximately 6. The national chain wants the estimate to be within one time of the actual mean value. How large a sample should the researcher take to obtain a 98% confidence level?

6.Suppose the average client charge per hour for out-of-court work by lawyers in the state of Iowa is $125. Suppose further that a random telephone sample of 32 lawyers in Iowa is taken and that the sample average charge per hour for out-of-court work is $110. If the population variance is $525, what is the probability of getting a sample mean larger than $135 per hour?

Somerset Furniture Company’s Global Supply Chain

Subject: Business / Management
Question
Somerset Furniture Company’s Global Supply Chain The Somerset Furniture Company was founded in 1957 in Randolph County, Virginia. It traditionally has manufactured large, medium-priced, ornate residential wood furniture such as bedroom cabinets and chests of draws, and dining and living room cabinets, tables, and chairs, at its primary manufacturing facility in Randolph County. It employed a marketing strategy of rapidly introducing new product lines every few years. Over time it developed a reputation for high-quality, affordable furniture for a growing U.S. market of homeowners during the last half of the twentieth century. The company was generally considered to be an innovator in furniture manufacturing processes and in applying QM principles to furniture manufacturing. However, in the mid-1990s, faced with increasing foreign competition, high labor rates, and diminishing profits, the Somerset Company contracted to outsource several of its furniture product lines to manufacturers in China, simultaneously reducing the size of its own domestic manufacturing facility and labor force. This initially proved to be very successful in reducing costs and increasing profits, and by 2000 Somerset had decided to close its entire manufacturing facility in the United States and outsource all of its manufacturing to suppliers in China. The company set up a global supply chain in which it arranges for shipments of wood from the United States and South America to manufacturing plants in China where the furniture products are produced by hand by Chinese laborers. The Chinese manufacturers are very good at copying the Somerset ornate furniture designs by hand without expensive machinery. The average labor rate for furniture manufacturing in the United States is between $9 and $20 per hour, whereas the average labor rate for furniture manufacturers in China is $2 per day. Finished furniture products are shipped by container ship from Hong Kong or Shanghai to Norfolk, Virginia, where the containers are then transported by truck to Somerset warehouses in Randolph County. Somerset supplies retail furniture stores from this location. All hardware is installed on the furniture at the retail stores in order to reduce the possibility of damage during transport. The order processing and fulfillment system for Somerset includes a great deal of variability, as do all aspects of the company’s global supply chain. The company processes orders weekly and biweekly. In the United States it takes between 12 and 25 days for the company to develop a purchase order and release it to its Chinese suppliers. This process includes developing a demand forecast, which may take from one to two weeks; converting the forecast to an order fulfillment schedule; and then developing a purchase order. Once the purchase order is processed overseas by the Chinese manufacturer, which may take 10 to 20 days depending on the number of changes made, the manufacturing process requires approximately 60 days. The foreign logistics process requires finished furniture items to be transported from the manufacturing plants to the Chinese ports, which can take up to several weeks depending on trucking availability and schedules. An additional 5 to 10 days are required to arrange for shipping containers and prepare the paperwork for shipping. However, shipments can then wait from one day to a week for enough available containers. There are often too few containers at the ports because large U.S. importers, like “Big W” discount stores in the United States, reserve all the available containers for their continual stream of overseas shipments. Once enough containers are secured, it requires three to six days to optimally load the containers. The furniture pieces often have odd dimensions that result in partially filled containers. Since 9/11, random security checks of containers can delay shipment another one to three weeks, and smaller companies like Somerset are more likely to be extensively checked than larger shippers like Big W, whom the port authorities don’t want upset with delays. The trip overseas to Norfolk requires 28 days. Once in port, one to two weeks are required for a shipment to clear customs and to be loaded onto trucks for transport to Somerset’s warehouse in Randolph County, which takes from one to three days. When a shipment arrives, it can take from one day up to a month to unload a trailer, depending on the urgency to fill store orders from the shipment. Because of supply chain variability, shipments can be off schedule (i.e., delayed) by as much as 40%. The company prides itself on customer service and fears that late deliveries to its customers would harm its credibility and result in cancelled orders and lost customers. At the same time, keeping excess inventories on hand in its warehouses is very costly, and since Somerset redesigns its product lines so frequently a real problem of product obsolescence arises if products remain in inventory very long. Somerset has also been experiencing quality problems. The Chinese suppliers employ quality auditors who rotate among plants every few weeks to perform quality control tests and monitor the manufacturing process for several days before visiting another plant. However, store and individual customer complaints have forced Somerset to inspect virtually every piece of furniture it receives from overseas before forwarding it to stores. In some instances, customers have complained that tables and chairs creak noisily during use. Somerset subsequently discovered that the creaking was caused by humidity differences between the locations of the Chinese plants and the geographic areas in the United States where their furniture is sold. Replacement parts (like cabinet doors or table legs) are difficult to secure because the Chinese suppliers will only agree to provide replacement parts for the product lines currently in production. However, Somerset provides a one-year warranty on its furniture, which means that they often need parts for a product no longer being produced. Even when replacement parts were available, it took too long to get them from the supplier in order to provide timely customer service. Although Somerset was initially successful at outsourcing its manufacturing process on a limited basis, it has since discovered, as many companies do, that outsourcing can result in a host of supply chain problems, as indicated.

QUESTION )

Determine the product lead time of Somerset Furniture Company’s by developing a time line from the initiation of a purchase order to product delivery. Discuss the company’s possible transportation modes and channels in China and to and within the United States, and the likelihood of potential problems. Identify and discuss how international trade specialist(s), trade logistics companies, and/or Internet exchanges might help Somerset reduce its product lead time and variability. APA citation

Assuming the role of an entering corporate officer, complete a credit analysis for the company that was

Subject: Business / General Business
Question
Part 3 Credit Analysis (Week 7):

Assuming the role of an entering corporate officer, complete a credit analysis for the company that was selected for the Company Analysis Project based on the Week 5, Week 6, and Week 7 assigned readings and other materials that can be located.

This analysis should reflect a review of a at least a three-year period of fiscal years ending with the most recently published Form 10K report.

Writing Instructions:

The discussion portion of the analysis should be three to five pages in length, double spaced, and should employ APA style and format for reference citations. Supporting data (e.g., figures, tables, etc.) and references should be limited to four separate items preferably presented in the written analysis.

Required Organization of Paper:

The following subheadings are to be used and the following topics must be addressed in the paper:

Presentation of the Credit Analysis – Develop and present the basic credit analysis for the company.

It is necessary to prepare and incorporate a table (tables are always numbered, titled, and show the source of the information) of the relevant criteria being examined in the credit analysis and their present status. Make sure that the criteria cover the 5 C’s of credit analysis. Additional information can be included in the table. These data are to be presented in a table (numbered and titled and that shows the sources). The data are then to be discussed and explained in an accompanying written analysis.

Strengths and Weaknesses Analysis – This section needs to present a careful analysis of the strengths and weaknesses demonstrated by the credit analysis. This section needs to conclude with a paragraph or two that explain and interpret what the analysis means on an overall basis and as the observations and conclusions are considered collectively.

Summary – Prepare a brief summary of the analysis and key findings.

References – Must clearly demonstrate use of a variety of the assigned readings and supplemental material.

Evaluation:

15% of final course grade.

Completeness of analysis:

The analysis must demonstrate understanding of credit analysis. Use of academic and professional databases, business periodicals, analyst reports, and news articles, such as those in the UMUC library, must be included in this company accounting analysis.

Organization:

The paper should be well-organized and follow a logical pattern of analysis and discussion.

Presentation: Papers should meet professional business standards and meet APA formatting requirements.

Spelling, punctuation, and grammar:

There should not be errors in grammar and punctuation. All sentences must be complete and well-structured.

Submission and Format: The completed paper is to be submitted to the “Gradebook” location designated for the assignment. The paper must be in Word format otherwise no credit is earned for the assignment.

The paper is also to be submitted to the Online Classroom. This will allow students to examine and discuss the various projects.

PCR could be used to amplify DNA from which

Subject: Biology / General Biology
Question
1.

PCR could be used to amplify DNA from which of the following?

A) a virus

B) a fossil

C) a fossil, a human cell, or a virus

D) a human cell

DNA microarrays are used for many purposes. Which of the following is NOT one of these purposes?

A) gene expression

B) fossil dating

C) SNP detection

D) organism identification

Which of the following snacks is made using a procedure or ingredient that does NOT include use of a GMO?

A) cheese puff fried in canola oil

B) corn chips

C) potato chips cooked in peanut oil

D) soynuts (made from soybeans)

The other species whose DNA was sequenced in the Human Genome Project were species that…

A) are closely related to humans.

B) have small, easy to sequence genomes.

C) are used heavily in experimental research.

D) were randomly chosen from several hundred candidate species.

Which of the following is the oldest in the hominin lineage?

A) Homo erectus

B) Australopithecines

C) Neanderthals

D) Paranthropus

Which of the following is NOT TRUE of the things that we have learned as a result of the Human Genome Project?

A) Genes are distributed equally on chromosomes.

B) Different mutations in a single gene can give rise to different genetic disorders.

C) The human genome contains far fewer genes than was originally anticipated.

D) The human genome contains several million locations where single nucleotide differences occur in humans.

Which of the following would be considered a transgenic organism?

A) Pet fish that glow because they express a gene from jellyfish.

B) A “superbug” bacterium that has evolved to be resistant to antibiotics.

C) A hybrid corn made by planting two different varieties next to each other.

D) The offspring of specially selected males and females of a group of sheep.

A __________________ describes the distribution of a specific allele as a gradient across continents.

A) race

B) single nucleotide polymorphism (SNP)

C) genotype

D) cline

The term “cloned library” describes a collection that contains all the DNA fragments of:

A) the entire genome of a species

B) a specific chromosome of a species

C) all the genes expressed in a certain cell type

D) any of these above

10.

What is so special about stem cells and why they hold such promise for curing diseases?

A) They are relatively inexpensive and easy to make and use.

B) They can be used to study many diseases.

C) Stem cells can be transferred between species.

D) Pluripotent stem cells can develop into nearly any type of cell.

11.

Which of the following terms is NOT correctly defined?

A) Bioinformatics is the use of computers and software to acquire, store, analyze, and visualize genomic information and share that info on the World Wide Web (the internet).

B) Structural genomics analyzes genes and proteins to identify targets for therapeutic drugs.

C) Comparative genomics compares genomes of different species for clues to the evolutionary history of genes or a species.

D) Structural genomics derives three-dimensional structures for proteins.

12.

Which of the following is NOT a required component when cloning DNA using bacteria and creating a plasmid to amplify the DNA?

A) host cell

B) restriction enzyme(s)

C) vector

D) DNA polymerase

13.

Which of the following is an example of a single-gene disorder that influences human behavior. (A single-gene disorder is where the phenotype is observed when only one gene is mutated.)

A) Schizophrenia

B) Bipolar disorder

C) Alzheimer’s disease

D) Huntington’s disease

14.

Humans and chimps share nearly all their DNA, yet look so different. What is believed to be the best explanation for these major phenotypic differences?

A) The chimp genome has many more mutations than the number found in the human genome.

B) The original data is flawed, in reality chimps and humans do not share many common DNA sequences.

C) The important differences may involve gene regulation and genes that control body structure.

D) Phenotypic differences cannot be explained by differences in coding sequences of DNA.

15.

Which of the following is the best explanation for the fact that genes from one species can be put into the DNA of another species and be successful translated into protein?

A) All organisms have the same proteins.

B) All organisms are made of cells.

C) Bacteria are not living organisms so we can use them like machines to create proteins.

D) The genetic code is universal

16.

Which of the following techniques is NOT matched with the correct purpose?

A) Microarray: analyze thousands of genes in a single experiment

B) PCR: the production of many copies of a DNA segment

C) Nuclear transfer: the production of identical molecules

D) DNA sequencing: to determine the sequence of a DNA fragment

17.

Which of the following has NOT been utilized as a method of finding linked genes?

A) Lod scores

B) Cross-over frequencies

C) PCR

D) positional cloning

18.

Humans produce significantly more proteins than we have different genes. This large number of proteins results from…

A) frequent crossing-over that scrambles the nucleotide sequence of genes.

B) cutting and splicing of pre-mRNA in several different ways.

C) unknown reasons that scientists have not yet discovered.

D) frequent mutations that change the nucleotide sequences of genes.

19.

What might be the outcome if you forgot to put ligase into your mix while attempting to put a target gene into a vector?

A) This mistake would not affect bacterial growth or the ability to get plasmid out of them.

B) You would get few bacterial colonies on the Petri plate.

C) You would be able to get a large amount of plasmid from host cells.

D) You would get many bacterial colonies on the Petri plate.

20.

___________________ genes are located on the same chromosome and are inherited together. The distance between them can be found by measuring how frequently they__________________.

A) Linked ; mutate

B) Unlinked ; mutate

C) Unlinked ; cross-over

D) Linked ; cross-over

21.

What type of animal is being utilized by Penn State physicists to gain insight into how the human brain functions, which may lead to a better understanding of complex vocal behavior and human speech production?

A) birds

B) cats

C) insects

D) fence lizards

22.

DNA fingerprinting is a commonly used technology in criminal trials. The procedure involves looking at 13 different regions of the human genome to calculate the probability that genetic variants occur in 2 persons by chance. DNA fingerprints do not involve analyzing a person’s genes – instead regions of the genome known as ___________________ are analyzed.

A) single nucleotide polymorphisms

B) palindromes

C) short tandem repeats

D) mitochondrial DNA regions

23.

The ELSI (Ethical, Legal, and Social Implications) program of the Human Genome Project is investigating all of the following areas of concern except:

A) the use of genetic information in reproductive decisions

B) genetic targets for biological warfare agents

C) fairness in use of information gained from genetic testing

D) protection of personal genetic information

24.

Preimplantation Genetic Diagnosis (PGD) involves the

A) genetic analysis of a cell removed from a 3-5 day old embryo to screen for genetic disorders.

B) cloning of embryos for use in research.

C) transfer of a gene from one organism into another.

D) transfer of an unfertilized zygote into a woman’s oviduct.

25.

True or False. There is a clear genetic basis for dividing our species into races.

A) True

B) False

26.

Adult stem cells can be reprogrammed into induced pluripotent stem cells by

A) fusing them with egg cells.

B) removing their nuclei and substituting an embryo cell nucleus.

C) transferring specific genes into their nuclei.

D) treating them with combinations of hormones and other chemicals.

27.

Available evidence suggests that Homo sapiens emigrated out of Africa about _______ years ago.

A) 50,000

B) 25,000

C) 15,000

D) 140,000

28.

Genetically modified foods are found most acceptable in which of these countries?

A) Africa

B) Germany

C) United States

D) Japan

29.

DNA sequence analysis and comparisons…

A) between species can be used as a clock to provide a relative measure of time since divergence of two species from a common ancestor.

B) among humans in GWAS (genome-wide association studies) can be used to link specific alleles (SNPs) with particular phenotypes.

C) between cells can determine whether a cell is cancerous or not.

D) can accomplish all of these listed above.

30.

True or False. Smoking or other use of tobacco can lower fertility.

A) True

B) False

31.

Recombinant plasmids are made for what purpose?

A) To show that ligase can glue ends of DNA together.

B) To express a piece of “target DNA” in a bacterial cell.

C) To sequence the piece of “target DNA.”

D) To make samples for PCR.

32.

Which of the following genetic techniques is NOT currently performed due to ethical concerns?

A) Germ-line gene therapy

B) Zygote Intrafallopian Transfer (ZIFT)

C) Intractyoplasmic sperm injection (ICSI)

D) Pre-implantation Genetic Diagnosis (PGD)

33.

Restriction enzymes…

A) cut only single-strand DNA molecules.

B) cut DNA molecules at specific nucleotide sequence sites.

C) always cut DNA in a manner to leave a bit of single-stranded DNA at the ends.

D) can cut randomly along a double-stranded DNA molecule.

34.

Which of the following is TRUE?

A) Chimps and humans had a common ancestor just 2 million years ago.

B) Evolution is a linear morphing of one type of organism into another.

C) Genetics has shown that there are eight definable human races.

D) There is significantly more genetic variation within human populations than between them.

35.

Which of the following types of DNA are used to track ancient human migrations?

A) Genetic markers on the X-chromosome.

B) Genetic markers in mitochondrial DNA.

C) Both Y-chromosome and mitochondrial DNA sequences.

D) Genetic markers on the Y-chromosome.

36.

Prior to biotechnology production methods, insulin used to treat people with diabetes was derived from animals like pigs and cows. One problem with animal-derived insulin was that

A) some patients had a negative reaction to the animal version of the insulin.

B) animals don’t get diabetes so the procedure rarely worked.

C) animal insulin is more powerful than human insulin so it caused people to grow too big.

D) None of these was a problem – using animal-derived insulin is superior to insulin produced via biotechnology.

37.

About how much of the 3 billion nucleotides of DNA that humans possess are used to code for proteins?

A) 5%

B) 15%

C) 25%

D) 50%

38.

The term “Hominoid” refers to organisms that were…

A) known to use tools.

B) bipedal.

C) ancestral to humans only.

D) ancestral to humans and apes

39.

Cloning is best described as:

A) the production of identical copies of molecules, cells, or organisms

B) making large quantities of bacteria

C) the use of gene mapping

D) the production of genetically unrelated organisms in large quantities

40.

_____________________ is the method of animal cloning that involves the use of in vitro fertilization to produce embryos comprised of 4-8 cells. These embryonic cells are then divided and grown into clones.

A) Embryo splitting.

B) Nuclear transfer.

C) Nuclear injection.

D) None of the above – the technique described here is not used in animal cloning.

Which of the following is most likely a population

Subject: Mathematics / Statistics
Question
Question 1

Which of the following is most likely a population as opposed to a sample?
respondents to a newspaper survey
the first 5 students completing an assignment
every third person to arrive at the bank
registered voters in a county

4 points

Question 2

Which of the following can be reduced by proper interviewer training
sampling error
measurement error
both of the above
none of the above

4 points

Question 3

According to the empirical rule, if the data form a “bell-shaped” normal distribution, ________ percent of the observation will be contained within 1 (one) standard deviation around the arithmetic mean.
68.26
75.00
88.89
93.75

4 points

Question 4

The probability that a new advertising campaign will increase sales is asssessed as being 0.80. The probabliity that the cost of devolping the new add campaign can be kept within the original budget allocation is 0.40. Assuming that the two events are independent, the probability that the cost is kept withing budget and the campain will increase sales is:
0.20
0.32
0.40
0.88

4 points

Question 5

In a non symmmetrical distribution:
the range equals the interquartile range
the interquartile range equals the mean
the median does not equal the mean
the variance equals the standard deviation

4 points

Question 6

Which statement about the standard normal distribution is NOT true
It has a mean of 0
It has a variance of 0
has an area under the probability distribution curve equal to 1.
has a standard deviation of 1.

4 points

Question 7

If we know that the length of time it takes a college student to find a parking spot in the library parking lot follows a normal distribution with a mean of 4.5 minutes and a standard deviation of 3.2 minute, find the probability that a randomly selected college student will find a parking spot in the library parking lot in less than 4 minutes.
0.4379
0.5000
0.5620
0.9999

4 points

Question 8

The following data represent the response (Y for yes and N for no) from a sample of 40 college students to the question SDo you currently own shares in any stocks? (8 points)N N Y N N N N Y N Y N N Y N Y Y N N N YN Y N N N N Y N N N Y N N N Y N N Y N NWhat is the standard error of the sample proportion of college students who own stocks?
0.0114
0.0724
0.4582
2.8982

4 points

Question 9

If an economist wishes to determine whether there is evidence that average family income in a community exceeds $25,000
either a one-tailed or two-tailed test could be used with equivalint results.
a one tailed test should be utilized.
a two-tailed test shoud be utilized.
none of the above.

4 points

Question 10

The power of a statistical test is
the probability of not rejecting Ho when it is false.
the probability of rejecting Ho when it is true.
the probablility of not rejecting Ho when it is true.
the proability of rejecting Ho when it is false.

4 points

Question 11

If we are testing for the difference between the means of 2 related populations with samples of n1 = 20 and n2 = 20, the number of degrees of freedom is equal to
39
38
19
18

4 points

Question 12

The statictical distribution used for testing the difference between two population variances is the ___ distribution.
t
standardized normal
binomial
F

4 points

Question 13

a “robust” test procedure is one which
requires a sofphisticaed level of measurement.
requires a semi-circular shaped population.
is sensetive to slight violations in its assumptions.
is insensetive to slight violations in its assumptions.

4 points

Question 14

Why would you use the Tukey-Kramer procedure?
to test for normality
to test for homogeneity of variance
to test for independence of errors
to test for the differences in pairwise means

4 points

Question 15

For a given level of significance, if the sample size is increased, the power of the test will
increase
stay the same
decrease

4 points

Question 16

The standard error of the sample proportion is the largest when the sample proportion reaches
0.9
0.8
1
0.5

4 points

Question 17

An economist is interested in studying the incomes of consumers in a particular region. The population standard deviation is know to be $1,000. A random sample of 50 individuals resulted in an average income of $15,000. What sample size would the economist need to use if he wants a 95% confidence interval no wider than plus or minus $100?
1486 individuals
385 individuals
126 individuals
85 individuals

4 points

Question 18

A 99% confidence intereval estimate can be interpreted to mean that
if all possible samples are taken and confidence interval estimates are developed, 99% of them would include the true population mean somewhere within their interval.
we have 99% confidence that we have selected a sample whose interval does include the population mean.
both of the above
none of the above

4 points

Question 19

The Y intercept (bo) represnts the
the predicted value of Y when X = 0.
the change in estimated average y per unit change in X.
predicted value of Y.
variation around the sample regression line.

4 points

Question 20

The slope (b1) represents
the predictied value of Y when X = 0
the estimated average change in Y per unit change in X.
the predicted value of Y.
variation around the line of regression.

4 points

Question 21

The least squares method minimizes which of the following?
SSR
SSE
SST
all the above

4 points

Question 22

In performing a regression analysis involving two numerical variables, we are ssuming:
the variances of X and Y are equal.
the variation around the line of regression is the same for each X value.
that X and Y are independent.
all of the above.

4 points

Question 23

The strength of the linear relationship between to numerical variables may be measured by the
scatter diagram
coefficient of correlation
slope
Y intercept

4 points

Question 24

In a multiple regression mode, the value of the coefficient of multiple determination
has to fall between -1 and +1.
has to fall between 0 and +1.
has to fall between -1 and 0.
can falll between any pair of real numbers.

4 points

Question 25

When testing for independence in a contingency table with 3 rows and 4 columns, there are ______ degrees of freedom.
5
6
7
12

POLI330 Week 2 TCO Assessment Latest 2017 April

Subject: Political Science / General Political Science
Question
1. Question :

(TCO 6) In a 100% capitalist structure, the owners are offered what advantages?

The owners understand that their efforts are not just for them, but for society as a whole.

They can make as much profit as they like, as long as they work hard and the market allows it.

They do not face the risk associated with large business ventures.

They don’t have to concern themselves with the welfare of their workers.

A and C

B and D

All of the above

None of the above

Question 2. Question :

(TCO 6) In a 100% capitalist structure, the owners face what challenges?

Their overuse of the raw resources can drive them out of business.

Overworking employees may lead to low productivity, and thus lower profits.

They are seen as equal to workers.

Understanding the demands of the market can be overwhelming.

A, B, and D

B and C

Al of the above

None of the above

Question 3. Question :

(TCO 6) In a 100% socialist structure, the owners would be offered what advantages?

They would never lose everything, because the government would provide for their needs.

Even if they fail, they have the opportunity to rise again by starting new companies if they only put their minds to it.

They can use up as many raw resources they can get their hands on, allowing for more profit potential, as long as the market allows it.

They are placed in positions that suit them, so if being owners is too hard, or if they would not be successful in it, they would not be forced into positions in which to fail.

A and B

A and D

All of the above

None of the above

Question 4. Question :

(TCO 6) In a 100% socialist structure, the owners would be faced with what challenges?

They lose the opportunity to make and hold onto extreme profits.

They assume all the financial risk if their businesses fail.

They no longer can change careers because they “feel” like it.

They lose the ability to start new companies of their own.

A and C

B and D

A, C, and D

None of the above

Question 5. Question :

(TCO 6) In a 100% capitalist structure, the workers are offered what advantages?

They can seek employment at any companies they like.

They have the opportunity to rise above their positions to become owners if they can.

The harder they work, the more they can earn.

They always have positions waiting for them.

A and B

A, B, and D

C and D

A, B, and C

Question 6. Question :

(TCO 6) In a 100% capitalist structure, the workers face what challenges?

Material perks are not readily available options.

They cannot always provide for their families.

They cannot rise above and become elites.

They receive no benefits to help with paying for the cost of their injuries.

A and C

B and D

All of the above

None of the above

Question 7. Question :

(TCO 6) In a 100% socialist structure, the worker would be offered what advantages?

Their needs are always met, whether they can work or not.

The sky is the limit for them if they try.

They can rest easy, knowing that their work provides for the welfare of the people, not a “fat cat” owner.

Medical costs are no longer a concern.

A and C

B and D

A, B, and C

A, C, and D

Question 8. Question :

(TCO 6) In a 100% socialist structure, the worker would be faced with what challenges?

They may not always like the jobs that they do.

When injured, they earn no income.

They continually face the risk of unemployment.

There is not great opportunity to start over or do something new, because they must contribute to the cause.

A and D

B and C

All of the above

None of the above

FINC 340 unit 7 WEEKLY WRITTEN ASSIGNMENT

Subject: Business / Finance
Question
Jill Jones inheirited a large lump sum of money. This lump sum will represent the total of her investable assets and will need to be invested in a way that will support her spending needs in retirement. Jill has brought the personal finance documents you requested to the meeting, completed a risk questionnaire and spoke with you about her retirement objetives.

In preparation for the next meeting you use the information you have gathered to assess Jill’s goals in light of her risk tolerance, risk perception, risk capacity, and other personal and financial circumstances. Balanceing all of these factors, you have decied that a diversified portfolio with moderate risk is the reasonable approach to sustaining Jill’s spending needs in retirement. You know that you will need to engage in extensive explanations and education to ensure that Jill will remain comfortable with the recommended portfolio over the long run.

1. Construct an optimal client portfolio by the allocation of wealth amongst risky assets and risk-free securitiies. Diversify the portfolio among a dozen asset classes instead of thousands of individual securities.

A. Refer to Table 1.0 to see nine Assets Classes, Annual Returns, Standard Deviations and Sharpe Ratios

B. Select four Asset Classes to include in the client’s portfolio.

C. Determine the what percentage the Asset Class will represent in the client’s portfolio.

D. Construct a weighted average for the investor’s portfolio consisting of the four Classes of Assets, their weights in the portfolio , and annual returns earned.

E. Calculatee the expected weighted average return on the investor’s portfolio (see Table 2.0 for an example). Include the Standard Deviations and Sharpe Ratios.

2. Is the investor’s portfolio less risky than the benchmark(s)? (Please see Table 3.0 for the names of the Benchmarks for the asset classes.)

3. Is the asset allocation strategy consistent with the client’s risk tolerance?

4. What would you say to Jill Jones to recommend the investor’s portfolo?

Table 1.0 Examples of Annual Returns, Std Deviations, and Sharpe Ratios

Returns & Risk

1977-2011

Ann

Returns

Standard

Deviation

(Risk)*

Sharpe

Ratio**

Tbills

2.8%

2.1%

–

Bonds

5.8%

2.9%

1.03

US Lg

5.7%

20.4%

0.14

US Sm

6.2%

20.6%

0.17

REITs

9.2%

22.7%

0.28

Intl Lg

3.4%

23.1%

0.02

Intl Sm

6.0%

28.1%

0.11

7.1%

38.5%

0.11

Portfolio

6.6%

15.5%

0.24

*Higher standard deviation indicates higher volatility of returns.

** The Sharpe Ratio measure return and risk efficiency. A higher number indicates better risk adjusted performance.

Table 2.0 Weighted Average Returns in Example Portfolo

Selected Asset Classes

Weight inPortfolio

Return

US Lg

40%

1.12%

Bonds

30%

1.74%

Intl Sm

20%

1.20

10%

.71%

Portfolio

100%

4.77%

Table 3.0 Benchmarks for Asset Classes

FINC 340 unit 6 WEEKLY WRITTEN ASSIGNMENT