MA 120 Final Exam Essay Project Question 1 The jurors primarily employ inductive reasoning when deciding such a case. The justification for this is that inductive reasoning allows for broad generalizations based on various observations. Decision making is dependent on data and conclusions based on this data. As a result, when jurors make the final verdict, they analyze the available evidence first. With this in mind, inductive reasoning is most suited for concluding whether the defendant is guilty or not. Question 2 We employ estimation in varying aspects of our daily life. For instance, in times when we are required to add two numbers mentally, we often round off each number and then add the rounded numbers. Despite this being a contemporary example of the application of estimation in our everyday life, more clear examples exist. For instance, before going shopping, we often estimate the amount needed for each commodity to remain within the budget. By keeping a rough estimate of the price for each item bought, then one can maintain the total expense. In addition, I often estimate my…
Discuss your reactions to the Highmark case The plaintiff, West Penn Allegheny Health System, presented a lawsuit based on allegations of conspiracy in antitrust violations engagements against Pittsburgh central healthcare system, University of Pittsburgh Medical Center, and a dominant state insurer, Highmark. Both UPMC and Highmark served as defendants in this case. The three parties, in this case, are dominant entities in their respective industries. In the conspiracy case, the plaintiff is to prove before a court of law with substantial evidence portraying how a defendant utilized its dominant market power to isolate the insurer, as mentioned earlier, from competitive market rivalry. The plaintiff had the constitutional authority to provide evidence for an antitrust conspiracy on the mode in which the defendants combined to safeguard each other against market competition. Discuss your reactions to the Highmark case The law court, to a higher degree, took a cynical perspective of the association between the foremost medical health system and the leading insurance provider. On an individual ground, a single defendant’s act would not have established a field to instigate anticompetitive conduct.…
Case Assignment and Economic Way of Thinking Case Assignment After reviewing the information listed on the background materials page, address the following questions in an essay or short-answer form. Support all your answers with references: Explain the difference between positive and normative economics. Give a real-time example of each that you found in doing some outside research. Normative economics relates to economics that tries to transform the world through the introduction of economic policies that enhance the welfare of the economy. According to Caplin and Schotter (2010), “normative economic question concerning how to design policies to move forward tends to treat economics as social therapy” (p. 0). In normative economics, value judgments are made of subjective statements with opinions instead of facts. In this regard, these opinions cannot be tested using available data or evidence. In this regard, therefore, statements drawn from normative economics are subjective. All in all, normative economics is founded on theories of choices, and hence, it suggests new ways to positive economics (Caplin & Schotter, 2010). Some of the subjective statements relating to normative economics include…
Introduction to Marketing, Consumer, and Product Marketing plays a vital role in businesses. It shapes and manages the product in the market. Again, marketing facilitates the exchange of a good or service between the consumer and the seller. In this regard, therefore, marketing entails creative processes for institutions, communication, and delivery or exchange that provide value to the customers. For marketing to be successful, marketers should come up with ideal patterns and cues that meet the needs of the target population. Again, marketers need to meet the objectives of the company through creative strategies. The main focus for marketing concept is customer satisfaction, which translates to the success of the organization through sales. My company will manufacture powdered lemonade to target athletes, individuals involved in rigorous activities, and businesspeople with a busy schedule. The company, Hydrate-Adequate, will manufacture powder lemonade. This powder lemonade will offer an option to carbonated drinks to people who prefer energy drinks without calories. The company will use natural lemonade to manufacture the powder and will require no additives for preservation. The product will replenish…
Online Shop The internet has dominated the world in this era and the centuries to come. It has simplified all facets of our lives as time and money is significantly saved. Billions of people use the internet daily with a substantial portion shopping for commodities. In America, roughly 96% of the population shop online. Due to this and factors like flexibility, simplicity, and affordability of online stores, I plan to create such an organization. The shop will focus on the selling and delivery of fruits and vegetables, more so, those that are universally commended by doctors for their unique health benefits like grapefruits, avocado, blueberries, apples, pomegranate among others. I will mostly target patients, especially the elderly, because of their limited movement. The first thing I will do is to set up the infrastructure, which will be a home office with a proper communication system comprising of a wireless telephone and computer structure. Additionally, I will purchase a bicycle and motorbike, for delivery purposes and recruit two couriers. Then, I will develop the website, app, and pages for the online…
Why should you buy a resale property depending on the location? When it comes to buying a resale home, there are certain things that you should be properly aware of, otherwise you could encounter several issues from the very beginning you start staying at the newly purchased resale property. Location plays an important role, and you should choose a resale home based on its location. With the advancement and steady growth in the real estate industry, there are some highly renowned real estate agencies and experienced real estate professionals who could help you to get the best resale property established in the prime locations in the city where you are moving for your job purpose. Transportation availability One of the most important factors that you should keep in mind before purchasing a resale flat is the transportation availability. If the resale flat is located in a place which is far from your office, then you should avoid buying a home in such locations, even if you get that at budget-friendly price. Taking a wrong decision can cost you heavily and…
Mother’s Day Gift Ideas: For The Mothers Who Love Flowers BrightHouse As we approach the month of March, you are intimately get reminded that Mother’s Day is around the corner. Time to honor your dear mom. It’s a day celebrated across the globe on various dates. Traditionally, the celebration involved presents, such as flowers and cards. Today, you are limited to only those presents. No! There are many cheap Mother’s Day gifts that will wow the woman who brought you to this world. 10 Best Mother’s Day Gift Ideas Teaching Mama 1) Prepare a Mother’s Day card, canvas, or wall hanging with a poetic message. 2) Bake a special cake just for her. 3) For the moms who love flowers, plan early to get the freshest in the market. Then you can surprise her with her favorite bouquet. 4) Organize a dinner treat, lunch, or even breakfast in the best restaurant around. 5) Take her shopping and let her pick new outfits. 6) Buy for her a goody-pack consisting of bits of her favorite things. 7) Every woman…
What do you need to consider when buying penny stocks online? In today’s time, with rapid advancement in digital technology, buying and selling stocks have become more convenient in comparison to previous days. Making optimum use of the essential tools, an investor can easily keep track of the shares and sell the same when the value of the stocks is high. Usually, more prominent companies that go through a terrible financial crisis try to sell shares at a lower price. If you get a good hold of any such potential stocks of notable companies, then in good times, as an investor you could drive a considerable amount of return by selling the penny stocks. Top things to consider when buying penny stocks online It is essential to evaluate the investment procedure when it comes to trading stocks in the share market. You can drive great rewards if you do proper research of the companies when buying penny stocks, despite a high risk. Make sure that you buy penny stocks only to earn profits in a quick time, and not consider…
How to Find the Best Camera Phone at Wholesale Through Online Shopping. (India, Pakistan, Bangladesh, Malaysia) There has been a tremendous developmental changes in the phones industry each generation coming with an added feature. Among these features is the phone’s camera power in Mega Pixels (MP). Probably, when you choose a good camera you need also to check on the storage capacity of that phone. While you want to make profits after purchasing the phones in wholesale, you need to check on the quality of the phones especially on the camera feature. Different online marketing and selling platforms like Flipkart, Amazon, Lazada, Kimovil and Aliexpress have stocked different phones in store for you. As a buyer you need to be keen for the fact that a phone like Redmi note 7 Pro with the same camera power feature may vary in price from one region to the other and from one online platform selling to the other. At Chinabrands, which is also an online store with the lowest prices of all, offers you dropshipping services within the shortest time possible.…
Compulsive Shopping Compulsive shopping is a common disorder in the current world. It makes somebody become obsessed with shopping to the extent of affecting his/her life. A person can have this problem, but he/she is unaware. Therefore one needs to evaluate his/her before to ascertain whether he/she has the disorder. Once one recognizes that he/she has the problem, he/she may opt to deal with the problem. There are various characteristics associated with compulsive shopping. They include preoccupation with purchasing unneeded products, spending a lot of time researching on unnecessary items, difficulty to resist buying of unneeded items, financial problems as a result of excessive shopping and problems at home or work due to uncontrolled shopping (Kelly). This problem is associated with anxiety, depression, and negative emotions. Shopping temporarily relieves these feelings. An understanding of these characteristics and feelings can be a great step towards solving the problem. This work will discuss the triggers of compulsive shopping as well as ways of managing the problem. Triggers of Compulsive Buying There are various triggers for compulsive shopping. Depression is one of the…