Memo regarding the current salary of the CEO

The principle issue introduced inside the notice includes the current pay of the current CEO (James) and whether it is in accordance with standard pay rates for CEOs inside organizations of a similar size and inside a similar market as PDQ.Advertising We will compose a custom exposition test on Memo in regards to the current compensation of the CEO explicitly for you for just $16.05 $11/page Learn More The creator of the reminder fights that dependent on the exhibition of the organization, the current normal pay rate for CEOs inside the business which is $300,000 and the â€Å"supposed† reality that laborers at the organization despise James that supplanting the current CEO involves incredible desperation given that his dull presentation and significant pay are inconvenient towards the development and execution of the organization. Reasons given The CEO’s compensation is excessively high During his residency the organization has experience critical drops in execution Wo rkers at the organization as far as anyone knows don't care for him He is rich, along these lines he would not want to buckle down He has a low degree of execution In request to improve the organization another CEO would be required Ambiguous Phrases There are a few vague expressions that aroused my curiosity inside the notice. The main underscored the current abundance of the CEO as inconvenient towards his exhibition. The second stressed on the need to supplant him in spite of the absence of adequate proof and third included a contention including boosted execution and remuneration which was exceptionally equivocal given that different examinations state in any case. Clear Assumptions The notice clarifies that it is normally the situation that the normal pay for a CEO inside an organization of PDQ’s size is $300,000 and that because of the budgetary emergency most organizations have really solidified or curtailed CEO compensations because of lower benefits. While this speci fic part of the update is substantial, the notice takes a bizarre turn expressing that James must be terminated based on his evidently dreary exhibition (which the reminder doesn't present adequate proof on), the way that he is affluent and would probably not work for the eventual benefits of the organization (also has no premise), the way that the laborers at the organization as far as anyone knows loathe him (has not been affirmed with irrefutable realities from the association) and on the way that he has a significant pay which isn't proportionate with industry principles (considering the way that it depended on an agreement it ought not be an issue). Misrepresentations in Reasoning While the notice was very broad in its utilization of an assortment of insights so as to appropriately outline its contentions, it made a few suspicions that needed adequate proof to really end up being exact. For one thing, towards the finish of the reminder the creator makes the accompanying supposi tion with respect to pay rates and remuneration: â€Å"everyone in the Human Resources field realizes that â€Å"pay for performance† is the best pay method†. The formation of this specific proclamation is versed in such a manner to indicate a specific level of real fittingness what exactly was expressed. This implies it was made to cause individuals to expect that â€Å"pay for performance† is the best strategy by expressing that it was a notable practice inside the field of human resources.Advertising Looking for exposition on business financial aspects? How about we check whether we can support you! Get your first paper with 15% OFF Learn More as a general rule studies, for example, those by Goh Gupta (2010) have indicated that pay for execution is really one of the least successful techniques for remuneration (Goh Gupta, 2010). This finding has been upheld up by a few different examinations and shows that the creator of the reminder was introducing a presump tion as a reality. Inspecting the Evidence The creator of the update associates the bombing execution of the organization with the as far as anyone knows dull execution of the CEO. This specific contention considering the situation is somewhat weird given the way that the drop in organization execution concurs with the 2008 budgetary emergency which brought about extensive execution drops for almost all companies inside the U.S. The reminder neglects to show any strong verification of corporate bungle by the CEO and just presents a suspicion dependent on information which has been demonstrated to be outside of the control of the CEO. Not just that, it was expressed at an early stage that the expansion in the CEO’s pay depended on a pre-arranged agreement which should void any contentions with respect to ensuing compensation increments. While there was adequate proof to legitimize the bringing down of the CEO’s pay given the money related emergency, there is lacking pro of to legitimize terminating him. In view of an assessment of the introduced proof, it tends to be seen that it is seriously inadequate as far as really demonstrating that the ebb and flow CEO of the organization ought to be terminated and is characteristic of an absence of adequate prescience and examination into the exhibition of the CEO and generally comprises of unadulterated theory and suppositions. Adversary Causes The notice in specific segments expounds on the need to supplant the CEO with somebody that is increasingly persevering and ready to do what is vital. This makes the current CEO isn't persevering and is in truth lethargic. This is fairly equivocal given the way that the creator of the update neglects to show any strong proof with respect to this specific reality and is proof of a specific abhorrence by the creator for the CEO given that he consistently underscores terminating James. Tricky Statistics The measurements are certainly misleading since the CEO had pre-ar ranged compensation expands that were not reliant on organization execution. Not just that, the drop in organization execution was not because of fumble however was an immediate consequence of the monetary emergency. The CEO ought to really be complimented for guaranteeing that the company’s execution misfortune was kept to a base. Data that has been overlooked The most evident data that has been excluded is whether the CEO has been working admirably notwithstanding the unfriendly conditions that the organization winds up in because of the budgetary crisis.Advertising We will compose a custom exposition test on Memo in regards to the current compensation of the CEO explicitly for you for just $16.05 $11/page Learn More There is no data at all showing factors applicable to what activities he has effectively utilized, what cost reserve funds allots were conveyed during his residency, how has he assisted with lessening the misfortunes of the organization and how has he reacted t o the unfavorable market circumstance. The entirety of this data is important given the contentions being introduced by the creator however it is in truth missing which makes a specific level of uncertainty with respect to the decency of the manner by which the CEO is being depicted. Sensible Conclusion that can be Derived Based in transit in which the notice was made which accentuated on the as far as anyone knows dreary execution of the CEO without adequate proof and the manner by which the contentions were planned to underscore a few negative characteristics about the CEO and the need to fire him regardless of the way this was not the first aim of notice shows that the Senior HR chief has negative sentiments about James and is effectively endeavoring to have him evacuated in spite of the lacking proof demonstrating the CEO’s deficiency. Reference List Goh, L., Gupta, A. (2010). Official Compensation, Compensation Consultants, and Shopping for Opinion: Evidence from the Uni ted Kingdom. Diary Of Accounting, Auditing Finance, 25(4), 607-643. This paper on Memo with respect to the current compensation of the CEO was composed and put together by client Marisol U. to help you with your own investigations. You are allowed to utilize it for examination and reference purposes so as to compose your own paper; in any case, you should refer to it likewise. You can give your paper here.

Best Leadership and Change Management Practices

Question: Talk about the Report for Best Leadership and Change Management Practices. Answer: Presentation Successful initiative makes concordance, shapes positive change, and empowers an association to upgrade its profitability. Change the executives requires authority arrangement and lucidity with the goal that specialists meet the foreordained vital objectives. Feasible business advancement relies upon successful change pioneers who productively create techniques for beating protection from change and overseeing clashes (Curwen Whalley, 2014). With the current computerized business condition, firms need to utilize the most creative business pioneers. Under the authority of Morten Lundal, Maxis CEO, the organization has gone past fringes to get perceived globally inside and over all enterprises. This paper will give inquire about on the best initiative and change the board rehearses utilized at Maxis Mobile organization to amplify the organization's general efficiency. Brief on the Companys Leader The (CEO) of Maxis organization has been Morten Lundal since 2013. The CEO stays to be one of the most creative pioneers and perceives that business achievement relies upon how proficient and flexible a pioneer is with regards to using all assets of a firm towards a brought together course. Under his administration, Maxis puts resources into straightforward, customized, and enhanced advances that cause each partner to feel persuaded to get inventive and advance their maximum capacity to assist the firm. Administration and Change Management Issues in Maxis Political hazards, innovation progressions, changing clients tastes, globalization, and social changes power Maxis media transmission industry experience change the board. During the money related year finished 2012, Maxis organization announced a drop in the net benefit worth RM 0.67 billion contrasted and the earlier year (Curwen Whalley, 2014). Changes in authority and the executives were required to make more endeavors towards building up an administration structure that could fulfill the changing customer needs in the market. In 2013, the organization delegated two head working officials Nasution and Suren and procured the old administration to in any event recharge income development (Said, Adham, Quoquab, 2013). Managing difficulties is the best change the board issue that the organization faces in its endeavors to ensuring the partner's advantage. The essential driver of these deferrals is poor authority and change the board techniques where chiefs neglect to convey the organ ization's objectives obviously to the representatives just as neglecting to construct solid alliances when managing HR by the professionals. Writing Review on the Best Leadership and Change Management Practices Powerful pioneers keep the board programs destined for success. Actualizing an adjustment in an association goes about as both a danger and a preferred position to various individuals. Authoritative change best practices guarantee that adjustments in the board fit in with the business needs which ought to get lined up with social and administrative modifications that suit the all business condition changes (Kotter, 2008). For most organizations, the business approach suggests an authority culture that follows a request for order including all divisions. With reconciliation of initiative models, the administration effectively comprehends business culture directs everything towards a general achievement. Most organization arrangements necessitate that the official officials as well as underscore these qualities in their practices and demeanor while at work (Schaarschmidt Kilian, 2014). For guaranteeing a high code of control, organizations ought to have very much laid ramifications for the penetrate and primarily the most serious is losing the employment. In any case, for instance, Maxis just recruits just the qualified faculty to guarantee a planned development in the market. For staying away from disarray, the organization's structure obviously expresses the dependable individuals in the various offices with the end goal that on account of poor aftereffects of the firm, every departmental pioneer might be held obligated to clarify the reason (Booth, 2015). This legitimate set of working responsibilities empowers the top managerial staff to execute the correct changes in the correct office with the goal that a supported profitability gets kept up by the organization in the market. Experts should perceive that fruitful change the board activities start at the most official hierarchical level with an immovably dedicated group of chiefs bolstered by the CEO (Liden, Wayne, Liao, Meuser, 2014). Be that as it may, vital, compelling administration esteems driving change at the individual level and uses all offices to connect with representatives at each level in executing changes (Ebert Brinkkemper, 2014). Diverse telecom businesses receive distinctive initiative and change the executives rehearses because of the clashing perspectives by the CEOs in different organizations. Along these lines, Maxis includes each layer of the directorate when settling on basic choices with respect to requirements for change either over the official or subordinate administration. The job of successful initiative can't get overestimated since change starts as a fantasy at the top most authoritative level. In spite of the way that most organizations imagine that official contribution in change the executives prompts the accomplishment of the procedure, Maxis includes its pioneers genuinely (Chuang, Jackson, Jiang, 2016). The CEO along with different administrators goes to each office in the association to see if the present administration is working effectively and tune in to representatives concerns. The organization consistently makes changes to address the grievances raised by the workforce with respect to a specific head; this profoundly rouses the staff to get responsible and drive their endeavors towards understood the ideal objectives of Maxis. Kurt Lewins Force-Field Analysis Model Change the board guarantees that endeavors react successfully to the business condition in which they work. In spite of the way that protection from change is apparent, the administration needs to execute changes because of its disappointment with the current execution. Kurt Lewin distinguished four powers that give a review of the alteration provokes that should be tended to by a business, parting the variables into powers for and against change (Burnes Cooke, 2013). The beneath is a writing audit of the appropriateness of Kuwin Lewins powers for Maxis Mobile organization in planning viable authority and change the executives techniques. In the first place, a chart demonstrating the powers for and powers against change in Maxis Mobile organization is as beneath. Powers for change Forces against change Force of rivalry Status quo Job uncertainty concerns Innovative headways locale in the Threat over rivalry Nearness of new CEO telecom Unclear explanation behind change Expanded deals Sector Coping with the change Worldwide economies of scale High cost suggestions The power field examination helps the authority of Maxis organization to settle on educated choices when arranging and actualizing change the executives programs in the firm. The chiefs of the venture utilize the model in examining the distinctions basic the powers for and against change in the acting official quality in dealing with the present circumstances in the earth (Shirey, 2013). The organization faces solid rivalry from the other telecom enterprises, model DiGi and Celcom and this requires the use of Kurt Lewin's powers for change in administration by supplanting the less inventive and creative officials with the most innovatively proficient work force on adapting to the market changes. In any case, the-the contention for change faces resistance from the mindful officials because of dread of their employer stability; this at that point triggers them to take the correct activities for increasing a serious edge over the contenders through the utilization of new advances to gua rantee that the broadband and internet providers fulfill the client needs. To add to the abovementioned, at whatever point the main impetuses get more grounded than the limiting powers, the harmony in the telecom area additionally changes. Following the decreased benefit of Maxis Company in the budgetary time of 2012/2013, it was impartial for all the powers that change got required in the association's official administration positions. The chiefs suggested enrollment of new CEO so the organization could adapt to the social patterns and adjustments in the telecom advertise (Pescosolido Saavedra, 2012). The new official officials were to make a move towards setting up usefulness at all degrees of the association towards powerful media transmission and versatile assistance arrangement. There was no protection from change from either party since each partner in the business comprehended the requirement for the proposed change in the board. The new official has had the option to make the correct strides to recoup the lost piece of the overall industry to the w orldwide markets to its rivals and in this way The organization of the Maxis attempts to decrease the powers that endeavor to keep up business as usual by discoloring the current attitude of the faculty. Maxis perceives the need to change from an old innovation to the use of new advances with the goal that taking care of market issues is made simpler. With the speed of mechanical change, the telecom business needs to receive the utilization of complex strategies in the arrangement of broadband and internet providers to the clients (Shirey, 2013). The official authority steps up to the plate and impart to each individual from Maxis the requirements for change, and this creates inspirational perspectives, practices, and qualities towards change the executives. To keep the organization from losing the faith to the utilization of obsolete innovations, the IT branch of the firm takes shape the adjustment of the new advances which increase advertise intensity and picking up of worldwide economies of scale in the telecom

Where Is the Scored Essay Samples on PowerPrep 2?

Where Is the Scored Essay Samples on PowerPrep 2?The question of where is the scored essay samples on PowerPrep 2, that was a recent question asked by my friend. This question raised my curiosity to find out if I could find this and other questions on PowerPrep in PowerPrep 2.Here is the answer to your question, where is the scored essay samples on PowerPrep 2. All the answers are available online and you can access them for free. And the answers are also available on the websites of Kaplan, Pearson, etc.If you do not know what the questions in PowerPrep are then I would suggest that you search for this term in the internet. The first place to start is PowerPrep Knowledge base, which is a repository of information about the program. You can ask your question to this site and it will give you the answer to your question.Now, if you are not sure where to start, let me tell you that you can search for the new question in PowerPrep Knowledge base. You will get an answer and a link to the website of PowerPrep. Now, if you want to know where is the scored essay samples on PowerPrep, you can search for this term in the article section.However, there is one question which cannot be found anywhere and that is the question where is the scored essay samples on PowerPrep 2. But since it is not in the Knowledge base, you cannot access this topic either.However, the question of how to access the score is available for you to find it. Go to PowerPrep and type the score in the search box, and you will get the answer. Just remember that you have to type in the entire score and not just the part of the question.This question and answer area are available on all Kaplan and PowerPrep websites. You can even search for other questions in PowerPrep and see the answer. After all, if the question cannot be found in the database, you can ask about the same question on the forum.The question, where is the scored essay samples on PowerPrep will not be answered today. It will only be answe red by Kaplan and other Kaplan and Pearson books.

What s The Price Of A Bottle Of Water, Or A Ready Meal...

What’s the price of a bottle of water, or a ready meal from the corner shop? One pound? Two ninety-nine? The real cost is probably more than you realise. That’s because our addiction to plastic is responsible for one of the worst ecological disasters of the modern age: the build up of plastic in the world’s oceans. Environmental activists have been warning of this ticking bomb for years and governments around the world are now starting to act. But there are also things that we can all do at home and in our lives to reduce the damage. THE FACTS The amount of plastic produced worldwide is estimated to be around 300 million tonnes each year and between 1.5 and 4.5 per cent of that ends up in the ocean. Were it all to wash up on shore, it would cover every foot of coastline in the world. As a result, the ratio of plastic to plankton in the Mediterranean is thought to be about 1:2, one in three species of marine mammals have been found entangled in litter, fish in the North Pacific ingest about 12 to 24 thousand tonnes of plastic every year, and tiny fragments of plastic have even been found in the arctic ice shelf. Each one of these facts is shocking in its own right, and a tarnish on the human race. MISCONCEPTIONS It is easy to imagine that you don’t contribute to plastic in the ocean. All the plastic you use goes into the bin and that is dealt with by the council, who surely don’t put it in the ocean. But the truth is that around 80 per cent of rubbish that ends up in theShow MoreRelatedMarketing and Distribution of Packaged Drinking Water Industry7022 Words   |  29 PagesMarketing Distribution of Packaged Drinking Water Submitted by Asif Muhammed Praveen Kumar Pritha Sarkar F162 F192 F222 Marketing Distribution of Packaged Drinking Water We would like to express our gratitude to Ms. Garima Gupta who guided us throughout the execution of this project and who always provided us with his valuable insights on how to do a marketing research project both inside and outside the classroom. We would also like to thank the consumers who took time out to fill up ourRead MoreBusiness Plan (Joses Restaurant Essays4395 Words   |  18 Pagesout side the main gates to Norfolk Naval Station, Norfolk, VA. Services Joess will offer Sailors from the local naval base with a feel of being import into the islands of the Philippines. Chef Jojo has a large repertoire of Pilipino dishes to include: Crispy Pata, Monkey Meat (pork on a stick), pancit, and lumpia. In addition to the great food the waitress will be straight from the islands wearing the shortest of Daisy Duke Shorts and alter tops. Customers Joses believes thatRead MorePepsi Marketing Plan.13402 Words   |  54 Pagessucceeded. Therefore, it will be pleasurable for us if any one do not copy any information from our paper. Alternatively, if it would become very important to use our term paper then please ask us before use. Moreover, please keep in mind that this paper is prepared for our honorable course instructor Ms.Rahma Akhter â€Å"Principles of Marketing† at the University of Information Technology And Sciences. Any one copying from this paper without noticing will be owed to the law. December 07,2010. Ms.RahmaRead Morebrand audit of CocaCola4463 Words   |  18 Pageswith lemon, lime or coffee. Coca-Cola is the world s most recognized brand and now anchors a portfolio of more than 500 brands and more than 3,500 beverages. Coca-Cola is the most popular and biggest-selling soft drink in history, as well as one of the best known products in the world.It was created in Atlanta, Georgia, by Dr. John S. Penberton. Coca-Cola was first offered as a fountain beverage by mixing Coca-Cola syrup with carbonated water. Even though Coca-Cola may have started in the UnitedRead MoreIndian Beverage Industry Report15071 Words   |  61 PagesA  beverage  is a drink specifically prepared for human consumption. Beverages almost always largely consist of water. Drinks often consumed include: Water (both flat or carbonated),Juice based drinks, Soft drinks, Sports and Energy drinks,Alcoholic beverages like beer or spirits ,Coffee, tea ,Dairy products like milk. 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It was then introduced in the United States in the 19th century, and it was revolutionary because of the amount of time it saved in the kitchen. The name of the cupcake originated from the two theories: the cakes were originally cooked in cups and the other one the ingredients used to make the cupcakes were measured out by cups (Food Timeline Web). On the early part, cupcakes were called â€Å"number† cakes, for reasons that they wereRead MoreFrench Terms for Ib Sl French B8316 Words   |  34 Pagesto 5 GCSE French OCR GCSE in French: J730 OCR GCSE (Short Course) in French Spoken Language: J030 OCR GCSE (Short Course) in French Written Language: J130 This Vocabulary List is designed to accompany the OCR GCSE French Specification for teaching from September 2009  © OCR 2010 Contents Contents French GCSE Vocabulary List French Vocabulary List General 2 3 5 12 12 21 28 28 31 36 36 37 40 40 42 48 48 51 Topic Area 1 Home and local area Life in the home; friends and relationships Local area,Read MoreThe Ballad of the Sad Cafe46714 Words   |  187 PagesThe Ballad of the Sad Cafà © and Other Stories by Carson McCullers Back Cover: When she was only twenty-three her first novel, The Heart Is A Lonely Hunter, created a literary sensation. She is very special, one of America s superlative writers who conjures up a vision of existence as terrible as it is real, who takes us on shattering voyages into the depths of the spiritual isolation that underlies the human condition. A grotesque human triangle in a primitive Southern town. . . A youngRead MoreRetailing Characteristics of Fast Food Stores and Their Impact on Customer Sales and Satisfaction29639 Words   |  119 Pagesbirth of the supermarket. As incomes rose and shoppers sought both convenience and new tastes and stimulation, supermarkets were able to expand the products offered. The invention of the bar code allowed a store to manage thousands of items and their prices and led to just-in-time store replenishment and the ability to carry tens of thousands of individual items. Computer-operated depots and logistical systems integrated store replenishment with consumer demand in a single electronic system. The

My Formula for Achieving Success in College - Free Essay Example

Sample details Pages: 3 Words: 1006 Downloads: 1 Date added: 2017/09/16 Category Education Essay Type Argumentative essay Did you like this example? My Formula for Achieving Success in College Achieving success in college is something every college student is worried about. Success is a choice and in order for someone to get what they want they need to know what they want. Studying in college is a lot different than in high school. I study by reading a lot more than I ever have and I listen in class to make sure I remember whats been talked about in the lectures. I also type out study guides for all of my classes, which I dont think I ever did in high school until it got to final exam time. It is strange, but I find that I am studying less now that I am in college, but I am studying the more important stuff. I have figured out which information is important in a text book, and which information is just a waste of space in my memory. My overall study method: My study method is usually an early morning one. My mind is fresh and ready to learn in the morning and I usually dont have classes. I find that I do so much better if I up early and study a little bit of each class every day. It is so important for me to review everything as I go along. It is impossible to do well if I cram it all in last minute. I tried that strategy once, not well! My test study method: I make outlines, and write out the key terms. I look at my notes sometimes during the weeks before the test. I make sure that I have it all down the night before the test, and the next morning I get up for a 2 hour cram study session to get it fresh in my head for the test that day. It works for me most of the time, but I am not the best test taker in the world, I get too nervous! So I study as hard as I can and thats the best I can do as long as Ive tried my best. My time management secret: Keeping busy! I find that if I have nothing to do on a certain day, I am less likely t get things done. If I have a set schedule and a set place to be, I make sure I have things done in order to get the next project done or go to the next event I h ave for the day. My biggest secret is my PLANNER!! I would die without it! I write everything in it and cross it off when it’s done. It gives me a sense of accomplishment and makes me get things done and remember to do them. How I study for multiple exams: I designate times to study for each. I decide which subject needs more attention, and I focus more time on that one. I also take breaks in between. Nobody can study for 5 hours straight without going crazy! I have to get up and walk around, or go running, or paint my nails or something to give me a break from studying every once in a while. That way I will be totally focused when I am studying and not so tired and crazy that I dont understand what Im reading. It was a hard habit to break from high school! My overall study method: It depends on the test, but usually I try to study over several days. That is how I have been most successful. I dont do as well when I have just one or two massive study blocks! How Ive over come an initial bad grade: In a Math class, I got my first D on a test. It wasnt just a D it was a D and I didnt know what to do at first! I was so upset! It was my freshman year, but I thought about it afterwards and decided that Math just wasnt for me and I just wasnt good at it. As soon as I accepted that I wasnt going to be perfect in Math I just did my best and accepted the best grade I could get in the class, which was a C+. It was the only C I had ever gotten in my life so far, but I was proud of it because I worked so hard for it! I decided that I would be happy with my grades as long as I was working hard for them. My strategies for written assignments: These are my favorites!! I think brainstorming is the key to starting off a good written assignment. I think you have to lay your ideas down before you can make sense of what you are going to write. I also think that grammar is so important, and you have to make sure that you at least sound intelligent through what yo u write. How I succeed in team projects: Do your part to the best of your ability and motivate your teammates to want to do as well as you. Show them how much it means to you and maybe they will follow your lead. Dont do it all by yourself. Ive done this before and it is a lot of unnecessary stress that can be avoided by just making other want to help you. Figure out what motivates your team and make it fun for everyone to work together! My greatest academic success happened when I got a perfect score on a reading test and I got my name called out in class because it was the highest in the class. I had dropped reading the semester before because I was struggling so much. It was amazing to me the difference it made in the way it was taught that I understood it so well and succeeded! Here are my final words of wisdom for students who want to get better grades in college: Find a strategy that works for you and stick with it! Everyone is different. Don’t waste time! Our writers will create an original "My Formula for Achieving Success in College" essay for you Create order

Why I Believe In God Essay - 1684 Words

Why I believe in God For my adult Catholic trying to lead the Christ-life, it is useful to recall the reasons for believing. It is helpful to review why we know that God is exists. Is there a God? Is there a God above and beyond us all? Above our life and death, above our joys and sorrows, above our world and space program? For thinking people, this is really the important question. Is there a God? People have been asking this questions for as long as people have been thinking, but now so much more is known about this world and about us. There are answers and ideas never known before. The great think, Thomas Aquinas, lived in the 13th century. Not until the 17th century did man discover the microscope, cell structure, the circulation of†¦show more content†¦The brain has 10 billion cells that never sleep, and these cells are linked with billions of inter-connectors. It is an electro-chemical network that runs the body. In some brain areas a hundred million cells fit into a cubic inch, and every one is connected to at least 60,000 others. It is an awesome mass, sophisticated, untiring, elaborately protected. Your eyes The way in which you see things-see the printed material—is because of incredible design. The back of the eye, or retina, is part of the brain itself. Your eyes are a camera, with the size of the pupil adjusting to light and the eyeball adjusting to distance, so that light rays focus on your retina. The retina has 125 million tiny rods and several million cones, so that your brain gets the picture, and in Technicolor. There are even chemical adjustments for night vision. The eye sees at one time several hundred million visual fragments, and the brain pieces them together and interprets them to see the important things. Your eyelids The eyeball is bathed, behind and in front, by salt water that cleans it. The water is constantly being manufactured. The tear system is the admiration of any designer. There are glands to product tears, two drainpipes to carry excess water down to the nose, grease glands to protect the lower lids, and even a special chemical in the water to destroy bacteria. And all this is fitted into such a compact space. Your ears Hear the sound waves enter the ear, andShow MoreRelated The Controversial Subject of God Essay931 Words   |  4 PagesThe Controversial Subject of God The topic of god is a very controversial subject that has been argued about ever since the beginning of mankind. Because God is so controversial, many battles have been fought to preserve one’s own beliefs. I myself, have my own beliefs on what I think god is and how god was created. Many theologians have different beliefs of who god is and why he exists. But the most common answer you will receive is, â€Å"God exists because he has to exist.† They wouldRead MoreReligion Of Christianity, Judaism, And The Existence Of The Bible1025 Words   |  5 Pagesone that believes that there is only one God. Monotheists usually share the religion of Christianity, Judaism, or Islam. I happen to share the religion of Christianity and believe that there is only one God. I’m going to prove that no other Gods exist except for one. For the atheist and the polytheist, I will show you why your belief is false, and why you should change your belief to a monotheistic belief. First, I want to start with the three reasons why I believe that there is only one God. My firstRead MoreEvaluation Argument616 Words   |  3 PagesSubstance to Life I feel like the two most important days of your life is the day you were born and the day you find out why you were born. There are all kinds of theories of how life is supposed to be. People believe all sorts of things of how life will be like. I feel like everyone in the world was put on this plant for a reason. We may not always know why we were put here but I think that is the goal in life to figure out why and be the best person you can be and to fulfill that goal. I think that theRead MoreThe Doctrine Of Divine Command Theory Essay1665 Words   |  7 PagesTheory â€Å"If God does not exist, then everything is permitted,† in other words, if there turns out to be no God then nothing is morally wrong. Someone who would believe a statement such as this one would most likely be in agreement with the Divine Command Theory---the reason being that the main claim in this theory is, all that is morally right, is right because God commands it so. 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Microeconomics Principles. Problems - and Policies

Question: Discuss about the Microeconomics for Principles. Problems, and Policies. Answer: Introduction: The market force in a purely competitive market determines Price and quantity. In a competitive market a seller is price taker. Market supply is the aggregate output produced by all the firms (Baumol and Blinder 2015). As per law of demand, quantity demanded of normal good increases when price increases, ceteris paribus. Here, the assumption is other things such as income of the consumer, price of the other related goods and preference of the consumers remain the same. It has been assumed that the beef market is perfectly competitive. This assumption indicates that there is large number of sellers of beef and consumers have perfect information regarding product and quality (Parkin and Bade n.d). As per case study, multiple substitutes of beef exist in the market. Initial equilibrium is achieved in the market at the point E. S1 and D are initial demand and the supply curves in the beef market. At this point, total market demand for beef and total supply meets each other to clear the market. One of the main reasons for the rising price of beef in the market is decrease in supply of beef. Production of beef has decreased in West Australia as the number of cattle going to the local abattoirs has decreased. Moreover, number of processed claves has also decreased. Therefore, quantity supply of red meat has decreased. As the supply of cattle has reduced, supply of beef has reduced in the market. The market supply curve of beef has shifted to the left. At each price supply of beef has reduced compared to initial level. Change in price and supply of substitute goods have been ignored in this analysis as ceteris paribus assumption is held. Movement of price is along the demand curve. At P1 prices, demand is more than supply of supply of beef and hence, excess demand is created in the market. Firms are unable to supply beef by the amount of excess demand due to low production. Therefore, prices start to increase to clear the market assuming ceteris paribus. As price starts to rise above P1, some consumers, who do not want to buy same quantity at a higher price, are excluded from the market. Consequently quantity demand starts to decreases. The gap between demand and supply starts to decrease to absorb excess demand from the market. Price rises until the new equilibrium is reached at the point where new supply curve cuts the demand curve in the market. It has assumed that market demand has not changed. E2 is the new equilibrium, where new beef price is restored at P2 and the quantity demanded reduced to Q2. Elasticity of demand is determined by the change in the quantity demanded in response to the price of the product. Elasticity may be price elastic, inelastic and unitary elastic. Demand is elastic when the quantity demanded changes more than proportionately compared to change in price of the product, ceteris paribus. Thimmapuram and Kim (2013) mentioned that price elasticity of demand is negative as per law of demand. Law of demand states a negative relationship between price and quantity and the hence, the price elasticity of demand is negative. Weyl and Fabinger (2013) stated that price elasticity of demand is of two types such as own price elasticity and cross price elasticity. Own price elasticity reflects the change of quantity demanded due to change in own price of the concerned product. On the other hand, cross price elasticity refers to the change in quantity demanded due to change in price of a related good such as either substitute or complementary. Price elasticity of demand for beef is price elastic as it abides by the law of demand. One reason for elastic demand is availability of alternative in the market at a lower price. As the price of the beef increases by a small unit, quantity demanded of beef in west Australia increases more than proportionately. Same instance happens when price of beef falls. ep 1. When, price of beef rises, consumer surplus reduces. Ability of the consumer to purchase same quantity at a given price decreases. Therefore, consumer expenditure on beef decreases. When price increases other things remaining same, purchasing price of the consumer falls. The people with low income reduce consumption of beef and find other alternatives in the market. As the price elasticity of beef is greater than one, hence, small in price has greater impact on consumer expenditure (McConnell, Brue and Flynn 2014). Furthermore, as there is other alternative meet such as Spaghetti bolognaise and T-bone steaks, chicken in the market with falling price, consumers can easily move for those products. Hence, from the above discussion in can be inferred that consumer expenditure on beef market is reduced. The markets that are related to the beef market are chicken, Spaghetti bolognaise and T-bone steaks in West Australia. These are the substitute product of beef. As cited by Hall and Lieberman (2012), when price of good rises, demand for substitute good rises as demand for the concerned product falls. When the effect of price change on substitute goods are concerned, it is assumed that other things such as price for the product, income of the consumers and their preferences remain the same (Rios, McConnell and Brue 2013). Demand curve shifts to the left or right as the when price of substitute good changes. The following figure shows the effect of price change of beef on the market of other types of meet in West Australia. As price of beef increases, demand for other type of meet with low price increases. Hence, demand increases in the related market. However, in short run, there is no increase in supply. Therefore, excess demand is created at price P2. Price of other types of meet rises in the market in order to manage demand. Consumer surplus in this related market is reduced as well. As a consequence, price rises until the new demand curve cuts the existing supply curve. The new equilibrium price is P2, which is greater than previous one and the equilibrium quantity is Q2, which is greater than previous. Quantity sold in the market rises as demand has risen. References Baumol, W.J. and Blinder, A.S., 2015.Microeconomics: Principles and policy. Cengage Learning. Hall, R.E. and Lieberman, M., 2012.Microeconomics: Principles and applications. Cengage Learning. McConnell, C.R., Brue, S.L. and Flynn, S.M., 2014. Microeconomics: Principles.Problems, and Policies,16. Parkin, M., and Bade, R., (n.d) Microeconomics: Australia in the Global environment. First Edition. Rios, M.C., McConnell, C.R. and Brue, S.L., 2013.Economics: Principles, problems, and policies. McGraw-Hill. Thimmapuram, P.R. and Kim, J., 2013. Consumers' price elasticity of demand modeling with economic effects on electricity markets using an agent-based model.IEEE Transactions on Smart Grid,4(1), pp.390-397. Weyl, E.G. and Fabinger, M., 2013. Pass-through as an economic tool: Principles of incidence under imperfect competition.Journal of Political Economy,121(3), pp.528-583.