Dealing with Unexpected Change Question 1 It’s been long since there was a break out of a global pandemic. The last break out was Ebola which was appropriately managed. The recent change that I have had to live and deal with it is the break out of COVID-19 disease. The disease has crippled a large part of the world and boiled down to affecting both the employed and the unemployed people. Personally, the break out of this disease has interfered with my school schedule. Right now, I have to take online classes while also spending most of my time in the house, thinking whether my family back at home are safe. Question 2 The virus has changed the way I have been doing things. It’s now a month since I have faced the unexpected change. I cannot be in a position to hang out with my friends or visit social places as frequent as I used to. The virus has made me become paranoid thinking that I could get it anytime. Being alone and every moment in my own house…
Economic factors affecting the company- A case study on Coca-Cola History of the firm Coca-Cola operates in the soft drink industry and it originated in 1886. The founder of the company was Asa Griggs Candler. The company specializes in the sales of sweetened and carbonated beverage. Gradually, it managed to acquire global recognition by producing 2800 products in 200 countries (coca-colacompany.com, 2020). The present headquarters of the company is in Atlanta, Georgia. Figure 1: Company Logo (Source: coca-colacompany.com, 2020) Application of big economic questions to the firm Factors of production and ways of producing goods in the firm The major factors of production include land, labour, entrepreneurship and capital. All these factors work together for producing and selling a successful product. Land- The Company requires a huge number of natural resources, including carbon dioxide, water, corn, sugar along with phosphate rock. These natural resources are produced in the land. Labour- After gathering the natural ingredients, the company uses their labour to clean, run and to maintain the machines Capital- Physical capital is required for utilizing the machineries, and human capital…
Perfect competition Ideally, perfect competition is a theoretical market where firms and individuals strive to streamline the allocation of resources to consumers. Neo-classical style market analysts stated that perfect competition would give the perfect outcomes for customers, and the whole society. A competitive market is ideally termed to provide both allocative and productive efficiency. When we talk of allocative efficient, it means that output will always be shown where the marginal cost is equated to average revenue, that is,(Marginal Cost= Average Revenue or MC=AT). This simply indicates that the factors to deal with the price of a product is the same or equals the elements that deal with the marginal revenue of the product. It puts into consideration the inference of the supply curve from where neoclassical methodology relies on. This explains why “a monopoly doesn’t have a supply curve”. (Azevedo, 2017). This theory of perfect competition has been traced and recorded to have been thought of and entered markets in the late 19th century. The first and rigorous definition of perfect competition was given by Leon Walras, who also…
Smoking in US Smoking is the practice of inhaling tobacco smoke. Tobacco is a plant whose leaves contain nicotine. The tobacco leaves are harvested and treated so that they can slowly oxidate and degrade the carotenoids that are in the foliage. The resulting tobacco product is then mixed with some more additives. They are added to regulate the pH of the end product. They are also meant to maintain and improve the potency of the additives. Besides, they are added to enhance the palatability of the smoke. In the United States, the government regulates up to 599 substances used as additives in tobacco products. Here are some of the additives; Acetone, which is the main ingredient in nail polish remover and acetic acid, which can also be found in hair dyes. Another additive is ammonia that is a substance commonly found in household cleaners and fertilizers. There is also arsenic, which is the primary substance found in rat poisons. There is also benzene and butane; the former can also be found in rubber cement and gasoline while the latter is…
How to Maintain Your Healthy Weight For a healthy lifestyle, maintenance of healthy weight is mandatory. When you become overweight or obese, this makes you vulnerable to the risk of suffering from various diseases like type 2 diabetes, breathing problems, heart diseases, multiple cancers, and high blood pressure. For weight loss in Arlington, Virginia, a team of professionals at Capital Women’s Car, guide and help the residents around to reach a healthy weight. Weight loss does not primarily depend on the diet, but by you replacing the unhealthy habits with new ones. Here are essential tips that will help you lose weight significantly. Exercising Regularly Physical exercises help to reduce weight effectively by burning calories and building up of muscles. Good examples of these exercises include walking, running, and jogging, among many other activities that can help to increase the intensity of your work out. When you attain energy balance, this means that you burn every calorie that you consume, such that your weight will remain constant. To achieve this, you have to exercise and increase the rate of your…
Case Study: Disney in Asia A decision matrix helps us make rational decisions through the analysis of a number of similar options. Decision-making happens every day, and some require much thought while others are just simple. Complex decisions should be considered in light of a number of criteria (“Expert Program Management,” 2018). In this case, for example, establishing a Disney theme park in Asia, we need to weigh on the lifestyle of the people, the language of the locals, the weather of the country, the food and the cultural interests of the people. Weighted Decision Matrix OPTIONS Criteria Weighting Gender Time Language Score Total Score Total Score Total Language 2 5 10 1 2 5 10 Weather 2 3 6 2 4 3 6 Food 2 4 8 3 6 4 8 Lifestyle 2 2 4 4 8 4 8 Cultural interest 2 4 8 5 10 5 10 TOTAL: 36 30 42 A decision matrix analysis enables us to make the best decision taking account of all these factors. We have a number…
How can you keep your pet safe and disease-free by using CBD oil? A significant rise in the usage of cannabidiol or CBD oil all over the globe is driving more people to rely on the healing potion. Besides offering tremendous benefits to humans, proper application of cannabidiol also treats several chronic diseases that pets suffer from usually. If you have used CBD oil or know anyone who has made optimum use of it to alleviate physical pain, then you may understand the diverse range of benefits the oil provides. CBD is extracted from cannabis or marijuana plant. However, the particular species of the cannabis plant from where CBD is extracted is known as hemp. The amount of CBD is more in hemp than the THC. A proper amount of CBD in the body can aid in reducing several mental and physical pain effectively. You can buy Royal CBD and use cannabidiol for your pet to keep its health condition in proper shape. Key benefits of using CBD oil Effective painkiller CBD oil can effectively manage and relieve pain significantly…
The Pen State case The first step would be to report any violations by any stakeholders immediately to the NCAA. If more violations are reported in a prompt and timely manner, offenders will be effectively reprimanded (Ferrell & Fraedrich, 2015). As a result, fewer violations would occur since the reporting violations would serve as a deterrent to other future offenders. Self-reporting of violations and cases of non-compliance by coaches and institutions would also mitigate the effects of the offenses. For instance, in the Penn State case, the timely reporting of the unethical conduct of the assistant coach would have meant fewer students would have been sexually assaulted. Therefore, the cover-up by the university and the head coach was a mistake since a proactive response would have been more effective. The Pen State case shows that prompty reporting violations to the NCAA for action is a proactive way of promoting ethics and compliance in the sport. University administrators should use the NCAA guidelines as a minimum benchmark for ethical conduct in their sports programs. These guidelines provide a framework for compliance…
The Exposure of Greater Barrier Reef Ocean acidification is the continuous decrease of the ocean pH caused by the uptake of carbon dioxide from the atmosphere. Since the industrial revolution, there had been a constant CO2 emission to the atmosphere created by land change and burning if fossil. This has indeed increased the level of CO2 in the ocean. Absorption of CO2 in the ocean water caused chemical reactions that increase the number of hydrogen ions and reduces the amount of carbonate ions in the water making the water more acidic. Carbonate ions are an essential building block for coral skeletons and seashells. Therefore, reducing their concentration in the water makes it hard to build and maintain the calcifying organisms such as clams, deep-sea corals, oysters, sea urchins, calcareous plankton, and shallow-water coral. Also, the increased acidity will affect the lives of other organisms in the sea, such as some fish’s ability to detect predators. Altering the chemistry of the ocean put the entire food web at risk. The world as a whole is facing the problem of ocean acidification,…
All about direct-drive hub motors for electric bikes. We all have milestones that we would wish to accomplish, especially when exercising. An afternoon of cycling could turn frustrating, especially when you fail to live up to such. Cycling uphill may become tedious simply because we are limited and bound to get tired at some point. In my opinion, some milestones usually require a little extra support to be achieved. Electric bikes offer the amount of assistance you need to completely cycle up a hill and overcome the fatigue that is a characteristic of cycling uphill. They also come in handy when you wish to get to your destination faster and less sweaty. What are electric bikes? Electric bikes are bicycles that work partly on electric motors and partly on physical pedaling. This allows the rider to retain the ability to pedal simultaneously, assisting when needed. There are two categories of electronic bikes: the geared and the direct-drive bike. My focus will be on the direct-drive electric bike. Where can electric bikes go? More torque is needed when cycling uphill, and…