Past Year Paper

CONFIDENTIAL BM/SEP 2011/ENT300/ETR300 UNIVERSITI TEKNOLOGI MARA FINAL EXAMINATION COURSE COURSE CODE EXAMINATION TIME FUNDAMENTALS OF ENTREPRENEURSHIP ENT300/ETR300 SEPTEMBER 2011 3 HOURS INSTRUCTIONS TO CANDIDATES 1. This question paper consists of four (4) parts : PART A (20 Questions) PART B (20 Questions) PART C (5 Questions) PART D (2 Questions) 2. Answer ALL questions from PART A, B, four (4) questions from PART C, and one (1) question from PART D. i) ii) iii) Answer PART A in the True/False Answer Sheet, Answer PART B in the Objective Answer Sheet.Answer PART C and PART D in the Answer Booklet. Start each answer on a new page. 3. Do not bring any material into the examination room unless permission is given by the invigilator. Please check to make sure that this examination pack consists of: i) ii) iii) iv) the Question Paper an Answer Booklet – provided by the Faculty a True/False Answer Sheet – provided by the Faculty an Objective Answer Sheet – provide d by the Faculty 4. DO NOT TURN THIS PAGE UNTIL YOU ARE TOLD TO DO SO This examination paper consists of 10 printed pages Hak Cipta Universiti Teknologi MARA CONFIDENTIAL CONFIDENTIAL 2 BM/SEP 2011/ENT300/ETR300 PART A 1. An entrepreneur is described as a person who acts as agent in transforming demand into supply. The statement, â€Å"A entrepreneur is an individual who actively forms or leads his own business and nurtures it for growth and prosperity†, refers to the functional definition of an entrepreneur. In Malaysia, small and medium enterprises (SMEs) contribute about 90% of the total value added in the manufacturing sector.The franchisee is a company which sells the right to another party to operate the franchise business. In a franchise system, the advertising and promotional contribution is a one-off payment made by the franchisee to purchase the right to operate the franchise In Malaysia, the small and medium enterprises (SMEs) are commonly registered as sole propri etorship businesses. The affairs of all business entities in Malaysia are governed by the Memorandum and Article of Association.In a partnership business, when there is no written agreement, termination of any partner must be agreed by all partners Under the Industrial Coordination Act (ICA) 1975, every manufacturing company is required to obtain a manufacturing license from Malaysian Industrial Development Authority (MIDA). Preparation of a business plan is a process that involves the identification, analysis and selection of viable business ideas. The executive summary is part of the main body of the business plan. A well prepared operations plan will help the entrepreneur to evaluate market acceptance of the product or service.A â€Å"process chart† refers to a diagram showing the arrangement of machines, equipment, workers and other facilities used in the operations Compilation of geographic, demographic and psychographic factors is a process of market segmentation. The t erm â€Å"target market† refers to the group of customers with needs and wants that can be satisfied by the business through the supply of goods or services. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. It is not mandatory for employers to contribute to the Employees Provident Fund (EPF) as long they have contributed to the Social Security Organisation (SOCSO). Hak Cipta Universiti Teknologi MARA CONFIDENTIAL 16. CONFIDENTIAL 3 BM/SEP 2011/ENT300/ETR300 17. The nature of industry is normally described in the organization aspect of the business plan. One of the main reasons for preparing a cash flow statement is to determine the expected profit for the planned period. Deposits and pre-operating expenses are examples of expenditure that are required to start a new business. The main objective of Bumiputera Entrepreneurs Retail Project Fund (PROSPER) is to enhance and upgrade Bumiputera entrepreneurs' participation in the retail business. 20 marks) 18. 19. 20.  © Hak Cipta Universiti Teknologi MARA CONFIDENTIAL CONFIDENTIAL 4 BM/SEP 2011/ENT300/ETR300 PARTB 1. Which of the following activities is related to entrepreneurship? A. B. C. D. E. Creation of something new of value Creation of wealth Production of products and services Expansion of business entities All of the above 2. Who described an entrepreneur as a knowledgeable individual and is instrumental in the development of a city-state where enterprise will emerge? B. C. D. E. F. Joseph Schumpeter Adam Smith David McClelland Carl Menger Ibnu Khaldun . Which of the following statements best describes an entrepreneur who has internal locus of control? A. B. C. D. E. He believes that success or failure is determined by his own effort. He believes in himself. He does not belief that success or failure of his venture is determined by fate or luck. He desires to take personal responsibilities. He examines the situation and determine how to increase the chance of winning a business situation 4. The stat ement, â€Å"a successful entrepreneur places the highest priority on getting a job completed†, is associated with: A. B.C. D. E. Commitment to work contract Concern for high quality of work Efficiency orientation Systematic planning Problem solving 5. Which of the following phases of creativity process involves discovery of the idea or solutions to the problems? A. B. C. D. E. Background or knowledge accumulation Incubation process Idea experience Evaluation and implementation None of the above  © Hak Cipta Universiti Teknologi MARA CONFIDENTIAL CONFIDENTIAL 5 BM/SEP 2011/ENT300/ETR300 6. Which of the following is a source of innovation within the company or industry? A. B. C. D. E.Demographic change Incongruities New knowledge Change in consumer preference None of the above 7. Which of the following statements is TRUE about a partnership business? A. B. C. D. A partnership business is incorporated under the Companies Act 1965. A partnership business is incorporated under the Partnership Act 1961. A partnership business is incorporated under the Business Registration Act 1956. A partnership is a legal entity and its identity is separate from the identity of its members. E. The life span of a partnership business is not dependent upon the death or resignation of its members. . Which of the following statements about a private limited company is NOT TRUE? A. A private limited company can take legal action and face legal action under its own name. B. The life span of a private limited company depends upon the death or resignation of its members. C. The liabilities of the members in a private limited company are limited to the total shares contributed to the company's capital. D. A private limited company must have at least two members who are of Malaysian Nationalities. E. The company's shares cannot be transacted through the share market. 9.Which of the following statements is TRUE about a franchise business? A. A franchise is a product and/or service distribution system governed by a contract made between two parties i. e. the franchisor and the franchisee B. A product/trade name franchise is a system where the franchisee acquires sales right which includes the trade name, trademark, and/or products from the franchisor upon the signing of the dealership contract. C. A business format franchise is a system where the franchisee is granted the right to manufacture and market the franchisor's product and/or services using a complete franchisor's business â€Å"set-up†.D. The franchisee is a person who purchases the right from the franchisee to operate the franchise. E. All of the above are true. 10. Which of the entrepreneurs? A. B. C. D. E. following ministries/agencies provides financial assistance for Federal Agricultural Marketing Authority (FAMA) Malaysian External Trade Development Corporation (MATRADE) Malaysian Entrepreneurship Development Centre (MEDEC) Perbadanan Usahawan Nasional Berhad (PUNB). Malaysian Industrial Development Authority (MIDA) CONFIDENTIAL  © Hak Cipta Universiti Teknologi MARA CONFIDENTIAL 6 BM/SEP 2011/ENT300/ETR300 1. Which of the following statements is NOT TRUE? A. Construction of buildings can only be undertaken with the written approval from Local Authority. B. In setting up a manufacturing business, a planning permission from Local Authority is needed. C. All business licences related to factory premises, advertising signage, storage and canteen must be obtained from Local Authority. D. The environmental control and approval are under the responsibility of Local Authority. E. All of the above are not true. 12. Which of the following statements is NOT TRUE about a business plan? A.A business plan is a written document that describes the proposed business or project in a comprehensive manner. B. A business plan can be used as a basis for determining the viability of the new business. C. A business plan can be used as a communication tool to convince potential investor s of the viability of the new venture. D. A business plan enables the entrepreneur to distribute business resources more effectively. E. A business plan enables the entrepreneur to evaluate and select a viable business idea. 13. Readers of a business plan include: I. II. III. IV. A. B. C. D. E.Employees Investors Suppliers Registrar of Companies II only II and III only I, II and III only I, II, and IV only All of the above 14. Which of the following is an objective of preparing a marketing plan? A. B. C. D. E. To evaluate market acceptance To develop marketing strategies for products or services offered by the business. To identify required resources to execute the marketing strategy. To estimate financial requirements for the marketing activities. All of the above are objectives of preparing a marketing plan.  © Hak Cipta Universiti Teknologi MARA CONFIDENTIAL CONFIDENTIAL 7 BM/SEP 2011/ENT300/ETR300 5. The following factors should be considered when determining distribution stra tegy, EXCEPT: A. B. C. D. E. Type of product Target market Market share Market coverage. Product standardization 16. Which of the following information should be included in the â€Å"organization† aspect of the business plan? A. Background of the registered owners of the business including their relevant qualifications, skills, experiences, role in business and stake or share in the business. B. Mission statements which describe how entrepreneurs will achieve their purposes in the environments in which they conduct business.C. Nature of the industry, including economic trends, important legal or regulatory issues, and potential risks. D. Product characteristics, distribution, promotion, and pricing strategies. E. Amount of funds needed to run the business, amount available, and amount requested from new sources. 17. Which of the following factors should be considered when choosing suppliers for raw materials? A. B. C. D. E. Quality of the materials supplied Price and discoun t offered Payment and delivery terms Time between orders and delivery All of the above factors should be considered 18.Which of the following statements is NOT TRUE about a process chart? A. Symbols used in the process chart can also be used in a Job Activity Chart of a worker. B. Process Chart will show the sequence of activities required to produce the product or services. C. In a process chart, â€Å"delay† means the process is delayed because the materials-inprocess are waiting for the next activity. D. The symbol † V † indicates the movement of materials or goods from one place to another. E. The first step in preparing a process chart is to identify all the activities involved to manufacture the product or deliver the services. Hak Cipta Universiti Teknologi MARA CONFIDENTIAL CONFIDENTIAL 8 BM/SEP 2011/ENT300/ETR300 19. Which of the following statement is TRUE? A. Sources of finance refers to the sources where funds to finance a particular project implementa tion costs can be obtained. B. Internal sources of finance mainly come in the form of cash contributions or other assets from the entrepreneurs. C. External sources of finance are mainly derived from commercial banks, finance companies and government agencies. D. External sources of finance may come in the form of term loans, hire purchase or grants. E. All of the above are true. 0. Which of the following statements is TRUE? A. Pro forma income statement refers to the projected statement of cash inflow and outflow throughout the planned period. B. Pro forma income statement shows the expected profit or loss for the planned period. C. Pro forma income statement shows the financial position of the business at a specific point in time in terms of assets owned and how those assets are financed. D. Pro forma income statement shows the beginning and ending cash balances for a particular period. E. All of the above are true. (40 marks)  © Hak Cipta Universiti Teknologi MARACONFIDENTIAL C ONFIDENTIAL 9 BM/SEP 2011/ENT300/ETR300 PARTC QUESTION 1 Briefly explain five (5) of the personal entrepreneurial competencies (PEC) associated with successful entrepreneurs. (5 marks) QUESTION 2 What are the criteria used to evaluate and select viable entrepreneurial opportunities? (5 marks) QUESTION 3 What are the factors that you need to consider when choosing a location for your business? (5 marks) QUESTION 4 In preparing the organization plan, it is important include the organization structure of the business organization. Briefly explain the various types of organizational structure. 5 marks) QUESTION 5 Briefly discuss the importance of preparing financial plan. (5 marks)  © Hak Cipta Universiti Teknologi MARA CONFIDENTIAL CONFIDENTIAL 10 BM/SEP 2011/ENT300/ETR300 PARTD QUESTION 1 Define the term â€Å"entrepreneurial motivation†. Discuss, with examples, five (5) common characteristics of achievement-oriented entrepreneurs. (20 marks) QUESTION 2 Explain the importance of materials requirement planning. Describe the steps involved in materials requirement planning process. (20 marks) END OF QUESTION PAPER  © Hak Cipta Universiti Teknologi MARA CONFIDENTIAL Past Year Paper CONFIDENTIAL BM/SEP 2011/ENT300/ETR300 UNIVERSITI TEKNOLOGI MARA FINAL EXAMINATION COURSE COURSE CODE EXAMINATION TIME FUNDAMENTALS OF ENTREPRENEURSHIP ENT300/ETR300 SEPTEMBER 2011 3 HOURS INSTRUCTIONS TO CANDIDATES 1. This question paper consists of four (4) parts : PART A (20 Questions) PART B (20 Questions) PART C (5 Questions) PART D (2 Questions) 2. Answer ALL questions from PART A, B, four (4) questions from PART C, and one (1) question from PART D. i) ii) iii) Answer PART A in the True/False Answer Sheet, Answer PART B in the Objective Answer Sheet.Answer PART C and PART D in the Answer Booklet. Start each answer on a new page. 3. Do not bring any material into the examination room unless permission is given by the invigilator. Please check to make sure that this examination pack consists of: i) ii) iii) iv) the Question Paper an Answer Booklet – provided by the Faculty a True/False Answer Sheet – provided by the Faculty an Objective Answer Sheet – provide d by the Faculty 4. DO NOT TURN THIS PAGE UNTIL YOU ARE TOLD TO DO SO This examination paper consists of 10 printed pages Hak Cipta Universiti Teknologi MARA CONFIDENTIAL CONFIDENTIAL 2 BM/SEP 2011/ENT300/ETR300 PART A 1. An entrepreneur is described as a person who acts as agent in transforming demand into supply. The statement, â€Å"A entrepreneur is an individual who actively forms or leads his own business and nurtures it for growth and prosperity†, refers to the functional definition of an entrepreneur. In Malaysia, small and medium enterprises (SMEs) contribute about 90% of the total value added in the manufacturing sector.The franchisee is a company which sells the right to another party to operate the franchise business. In a franchise system, the advertising and promotional contribution is a one-off payment made by the franchisee to purchase the right to operate the franchise In Malaysia, the small and medium enterprises (SMEs) are commonly registered as sole propri etorship businesses. The affairs of all business entities in Malaysia are governed by the Memorandum and Article of Association.In a partnership business, when there is no written agreement, termination of any partner must be agreed by all partners Under the Industrial Coordination Act (ICA) 1975, every manufacturing company is required to obtain a manufacturing license from Malaysian Industrial Development Authority (MIDA). Preparation of a business plan is a process that involves the identification, analysis and selection of viable business ideas. The executive summary is part of the main body of the business plan. A well prepared operations plan will help the entrepreneur to evaluate market acceptance of the product or service.A â€Å"process chart† refers to a diagram showing the arrangement of machines, equipment, workers and other facilities used in the operations Compilation of geographic, demographic and psychographic factors is a process of market segmentation. The t erm â€Å"target market† refers to the group of customers with needs and wants that can be satisfied by the business through the supply of goods or services. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. It is not mandatory for employers to contribute to the Employees Provident Fund (EPF) as long they have contributed to the Social Security Organisation (SOCSO). Hak Cipta Universiti Teknologi MARA CONFIDENTIAL 16. CONFIDENTIAL 3 BM/SEP 2011/ENT300/ETR300 17. The nature of industry is normally described in the organization aspect of the business plan. One of the main reasons for preparing a cash flow statement is to determine the expected profit for the planned period. Deposits and pre-operating expenses are examples of expenditure that are required to start a new business. The main objective of Bumiputera Entrepreneurs Retail Project Fund (PROSPER) is to enhance and upgrade Bumiputera entrepreneurs' participation in the retail business. 20 marks) 18. 19. 20.  © Hak Cipta Universiti Teknologi MARA CONFIDENTIAL CONFIDENTIAL 4 BM/SEP 2011/ENT300/ETR300 PARTB 1. Which of the following activities is related to entrepreneurship? A. B. C. D. E. Creation of something new of value Creation of wealth Production of products and services Expansion of business entities All of the above 2. Who described an entrepreneur as a knowledgeable individual and is instrumental in the development of a city-state where enterprise will emerge? B. C. D. E. F. Joseph Schumpeter Adam Smith David McClelland Carl Menger Ibnu Khaldun . Which of the following statements best describes an entrepreneur who has internal locus of control? A. B. C. D. E. He believes that success or failure is determined by his own effort. He believes in himself. He does not belief that success or failure of his venture is determined by fate or luck. He desires to take personal responsibilities. He examines the situation and determine how to increase the chance of winning a business situation 4. The stat ement, â€Å"a successful entrepreneur places the highest priority on getting a job completed†, is associated with: A. B.C. D. E. Commitment to work contract Concern for high quality of work Efficiency orientation Systematic planning Problem solving 5. Which of the following phases of creativity process involves discovery of the idea or solutions to the problems? A. B. C. D. E. Background or knowledge accumulation Incubation process Idea experience Evaluation and implementation None of the above  © Hak Cipta Universiti Teknologi MARA CONFIDENTIAL CONFIDENTIAL 5 BM/SEP 2011/ENT300/ETR300 6. Which of the following is a source of innovation within the company or industry? A. B. C. D. E.Demographic change Incongruities New knowledge Change in consumer preference None of the above 7. Which of the following statements is TRUE about a partnership business? A. B. C. D. A partnership business is incorporated under the Companies Act 1965. A partnership business is incorporated under the Partnership Act 1961. A partnership business is incorporated under the Business Registration Act 1956. A partnership is a legal entity and its identity is separate from the identity of its members. E. The life span of a partnership business is not dependent upon the death or resignation of its members. . Which of the following statements about a private limited company is NOT TRUE? A. A private limited company can take legal action and face legal action under its own name. B. The life span of a private limited company depends upon the death or resignation of its members. C. The liabilities of the members in a private limited company are limited to the total shares contributed to the company's capital. D. A private limited company must have at least two members who are of Malaysian Nationalities. E. The company's shares cannot be transacted through the share market. 9.Which of the following statements is TRUE about a franchise business? A. A franchise is a product and/or service distribution system governed by a contract made between two parties i. e. the franchisor and the franchisee B. A product/trade name franchise is a system where the franchisee acquires sales right which includes the trade name, trademark, and/or products from the franchisor upon the signing of the dealership contract. C. A business format franchise is a system where the franchisee is granted the right to manufacture and market the franchisor's product and/or services using a complete franchisor's business â€Å"set-up†.D. The franchisee is a person who purchases the right from the franchisee to operate the franchise. E. All of the above are true. 10. Which of the entrepreneurs? A. B. C. D. E. following ministries/agencies provides financial assistance for Federal Agricultural Marketing Authority (FAMA) Malaysian External Trade Development Corporation (MATRADE) Malaysian Entrepreneurship Development Centre (MEDEC) Perbadanan Usahawan Nasional Berhad (PUNB). Malaysian Industrial Development Authority (MIDA) CONFIDENTIAL  © Hak Cipta Universiti Teknologi MARA CONFIDENTIAL 6 BM/SEP 2011/ENT300/ETR300 1. Which of the following statements is NOT TRUE? A. Construction of buildings can only be undertaken with the written approval from Local Authority. B. In setting up a manufacturing business, a planning permission from Local Authority is needed. C. All business licences related to factory premises, advertising signage, storage and canteen must be obtained from Local Authority. D. The environmental control and approval are under the responsibility of Local Authority. E. All of the above are not true. 12. Which of the following statements is NOT TRUE about a business plan? A.A business plan is a written document that describes the proposed business or project in a comprehensive manner. B. A business plan can be used as a basis for determining the viability of the new business. C. A business plan can be used as a communication tool to convince potential investor s of the viability of the new venture. D. A business plan enables the entrepreneur to distribute business resources more effectively. E. A business plan enables the entrepreneur to evaluate and select a viable business idea. 13. Readers of a business plan include: I. II. III. IV. A. B. C. D. E.Employees Investors Suppliers Registrar of Companies II only II and III only I, II and III only I, II, and IV only All of the above 14. Which of the following is an objective of preparing a marketing plan? A. B. C. D. E. To evaluate market acceptance To develop marketing strategies for products or services offered by the business. To identify required resources to execute the marketing strategy. To estimate financial requirements for the marketing activities. All of the above are objectives of preparing a marketing plan.  © Hak Cipta Universiti Teknologi MARA CONFIDENTIAL CONFIDENTIAL 7 BM/SEP 2011/ENT300/ETR300 5. The following factors should be considered when determining distribution stra tegy, EXCEPT: A. B. C. D. E. Type of product Target market Market share Market coverage. Product standardization 16. Which of the following information should be included in the â€Å"organization† aspect of the business plan? A. Background of the registered owners of the business including their relevant qualifications, skills, experiences, role in business and stake or share in the business. B. Mission statements which describe how entrepreneurs will achieve their purposes in the environments in which they conduct business.C. Nature of the industry, including economic trends, important legal or regulatory issues, and potential risks. D. Product characteristics, distribution, promotion, and pricing strategies. E. Amount of funds needed to run the business, amount available, and amount requested from new sources. 17. Which of the following factors should be considered when choosing suppliers for raw materials? A. B. C. D. E. Quality of the materials supplied Price and discoun t offered Payment and delivery terms Time between orders and delivery All of the above factors should be considered 18.Which of the following statements is NOT TRUE about a process chart? A. Symbols used in the process chart can also be used in a Job Activity Chart of a worker. B. Process Chart will show the sequence of activities required to produce the product or services. C. In a process chart, â€Å"delay† means the process is delayed because the materials-inprocess are waiting for the next activity. D. The symbol † V † indicates the movement of materials or goods from one place to another. E. The first step in preparing a process chart is to identify all the activities involved to manufacture the product or deliver the services. Hak Cipta Universiti Teknologi MARA CONFIDENTIAL CONFIDENTIAL 8 BM/SEP 2011/ENT300/ETR300 19. Which of the following statement is TRUE? A. Sources of finance refers to the sources where funds to finance a particular project implementa tion costs can be obtained. B. Internal sources of finance mainly come in the form of cash contributions or other assets from the entrepreneurs. C. External sources of finance are mainly derived from commercial banks, finance companies and government agencies. D. External sources of finance may come in the form of term loans, hire purchase or grants. E. All of the above are true. 0. Which of the following statements is TRUE? A. Pro forma income statement refers to the projected statement of cash inflow and outflow throughout the planned period. B. Pro forma income statement shows the expected profit or loss for the planned period. C. Pro forma income statement shows the financial position of the business at a specific point in time in terms of assets owned and how those assets are financed. D. Pro forma income statement shows the beginning and ending cash balances for a particular period. E. All of the above are true. (40 marks)  © Hak Cipta Universiti Teknologi MARACONFIDENTIAL C ONFIDENTIAL 9 BM/SEP 2011/ENT300/ETR300 PARTC QUESTION 1 Briefly explain five (5) of the personal entrepreneurial competencies (PEC) associated with successful entrepreneurs. (5 marks) QUESTION 2 What are the criteria used to evaluate and select viable entrepreneurial opportunities? (5 marks) QUESTION 3 What are the factors that you need to consider when choosing a location for your business? (5 marks) QUESTION 4 In preparing the organization plan, it is important include the organization structure of the business organization. Briefly explain the various types of organizational structure. 5 marks) QUESTION 5 Briefly discuss the importance of preparing financial plan. (5 marks)  © Hak Cipta Universiti Teknologi MARA CONFIDENTIAL CONFIDENTIAL 10 BM/SEP 2011/ENT300/ETR300 PARTD QUESTION 1 Define the term â€Å"entrepreneurial motivation†. Discuss, with examples, five (5) common characteristics of achievement-oriented entrepreneurs. (20 marks) QUESTION 2 Explain the importance of materials requirement planning. Describe the steps involved in materials requirement planning process. (20 marks) END OF QUESTION PAPER  © Hak Cipta Universiti Teknologi MARA CONFIDENTIAL

The Shoe Store Incident

This scenario provides a case for gender discrimination. Gender discrimination is illegal under Title VII (Bennett-Alexander & Hartman, 2007). In addition, in this scenario I will provide the legal and ethical issues that arise in this case. Furthermore, this paper will explain what Bob should do in this scenario.Title VII IssuesDiscrimination comes in all shapes and sizes, and managers have to be careful not to cross the line and do the wrong thing. Companies do not want lawsuits for discrimination or anything else. The storeçâ€" ´ best customer, Imelda, probably did not intend to offend anyone nor did she probably know that she was discriminating against anyone. Many times discrimination is not intended. Customers generally believe they are always right and get what they want.However, in this instance the customer is very wrong. Requesting a female employee over a male employee is a form of discrimination, gender discrimination. Gender discrimination is illegal under Title VII (Be nnett-Alexander & Hartman, 2007). If Bob asks Tom to step aside and allow Mary to assist Imelda with her purchases, he will be Ã¥ ¦ ¬n violation of Title VII and can be held liable to the employee for gender discrimination. Customer preference is not a legitimate and protected reason to treat otherwise-qualified employees differently based on gender(Bennett-Alexander & Hartman, 2007, p. 283). Legally and ethically, Manager Bob cannot swap employees Tom and Mary simply because Imelda wants it.Choice Tthe customer is promising to buy five pairs of shoes if she gets a female employee to help her. This would be a huge purchase for the store, great for the profit margin as well as a large commission for the employee. On the other hand, not providing afemale employee may denote a missed sale, Imelda may leave the store. Swapping employees would cheat Tom out of his commission. This would be unethical. Tom deserves his commission; he should not be asked or told to give this up.The Shoe Sto re has very clear company policies. Company policy does not allow two employees to split the commission (UOPX, 2013, para. 5). As stated previously, having Tom give up his commission would not be fair. Company policy rotates employees to keep commissions as fair and equal as possible (UOPX, 2013, para. 5).Manager Bob need to explain to Imelda as nicely and calmly as possible that he is very sorry, but cannot provide her with a female employee. Bob should promise Imelda that Tom is a very nice man and that she will be in very capable hands; ensure her that Tom knows shoes and will treat her and her feet right. Bob should smile and guarantee her that she will be happy with the service she receives. Bob should apologize for the problem, explain that he contacted his regional manager to see if he could make an exception to company policy this time and was told no, and explain that the company risks a discrimination lawsuit. Finally, tell Imelda that he understands if she chooses to shop elsewhere today and apologize again. Bob should not get into an argument with the customer; it is out of the stores control.Conclusion Knowing the law is important for any manager. When questions arise that cannot be answered easily, ask for help. Title VII does not allow discrimination because of gender, meaning a man cannot be treated differently from a female and visa verse. In this case, all must be treated equally. Company policy will not allow Tom and Mary to split the commission and asking Tom to give up his commission would be illegal. Imelda will need to make her own decision whether to shop at the Shoe Store and allow Tom to assist her or leave for another store or until another day. The company must do what isright and legal. The store must treats its employees properly and do what is legal and ethical. Whereas Imelda may not be happy, the company cannot do anything that may bring a lawsuit against them.

Plato's Phaedo Essay Example | Topics and Well Written Essays - 250 words

Plato's Phaedo - Essay Example â€Å"Phaedo† is full of thoughts about the disorder, eternal anxiety and mortality of human body and on the other hand about the greatness of human ideals. Plato was diligently dreaming about the life without suffering and troubles, mutual hate and hostility, a life where the eternal truth would predominate. In the dialogue all these are embodied in the sublime image of Socrates, who is dying for a sake of this future beatitude. The death of Socrates, which the dialogue is ended with, are represented strictly and classically and it seems that at that moment all the sublime suppresses all the vile and the simplicity, brevity and deep moral intelligence are interconnected. Here we see the perfect material for every historian. All the peculiarities of â€Å"Phaedo† such as its moral pathos, sublime tragedy of Socrates’ death, artistic deepness of the dialogue, its inimitable classical style are still waiting for their

A Comprehensive Analysis Of Nike Company Case Study

A Comprehensive Analysis Of Nike Company - Case Study Example The company has invested a lot of resources in research and development, making the largest company in the category of sportswear. With the innovations, the company wants to be identified as the most recognized company in terms of differentiation. Nike has been faced with a series of problems, which has negatively affected the company’s business image, and consequently, its performance. Some claims include the violation of child labor laws and poor working conditions, such as low wages, long overtime hours without guaranteed payment, forced overtime work, no consultation with workers on matters that concern them, poor medical services and others.Nike Vietnam can take some steps to improve its working conditions in order to redeem its tainted image. The dynamism of strategic management is a continuous management. According to David, a change in any of the management component of a company can necessitate a complete change of the company progress. Nike can also find strategies t o hold onto Emerging Markets such as China and India. Considering that its competitors such Adidas, whose market share surges every day. The company can partner with the existing market leaders in these countries to gain entry into the new markets. The youths in the emerging markets should be targeted as they comprise the majority population. In order to redeem its image, the company needs to rebrand a section of its apparel to go in line with the modern management strategy where the ethics/ social responsibility form part of their themes.... Corporate social responsibility forms part of long term strategic management for any large company like Nike. Working Conditions at Nike Vietnam Company- Weakness Nike Inc. is the leading supplier of athletic shoes and equipment, as well as a key producer of sports equipment in the world (Marina 2008). The company is based in the United States, and its head office is in Beaverton, Oregon. Most people are familiar with various products offered at Nike stores, such as Nike Football, Nike Sportswear, and Nike Volleyball etc. It was from the sale of these products coupled with the company’s slogan â€Å"Just Do It† that Nike could get a profit of $15 billion in 2006 (Marina 2008). As of 2008, the company’s revenue was over $18.6 billion, an indication of its business success. It also has an excess of 30,000 workers globally. However, over the past few years, Nike has been faced with a series of problems, which have negatively affected the company’s business im age, and consequently, its performance. Some issues of concern include paying low wages to its workers, and using child labour among others. As expected, such grave claims are bound to affect the successful establishment of any business both locally and internationally, and Nike is not an exception. For instance, Nike’s sweatshop labour case resulted in numerous controversial debates concerning its ethical business practices. That painted a bad image of the company in the public eye. It is what Nike has been still struggling to overcome among American and other customers worldwide, even if it has tried to recover from bad press coverage. Literature Analysis Over the past few years, Nike has been faced

MARKETING PLANNING Essay Example | Topics and Well Written Essays - 1000 words

MARKETING PLANNING - Essay Example What demographics lay waiting for the product launch? What such developments and trends effect the possibilities or eventual life of the product in question? And what answers to all these stated complexities has the company planned to take? These questions eventually merge into the economic chapter with questions such as the development and effect of prices, savings and the general trend of people and society has taken and its effects. Are potential factors of production, inclusive of the natural resources as well as capital and labor within the reach of the company so as to expand considerably? Do any of its decisions pose a legal threat or complication? The eventual effect of technology is another factor. Is the technology available adjustable or a new and expensive capital investment is necessary. If so, is it too expensive for the cost-push inflation effects to discourage its life as a commodity? Does if have influences or is victim to being influenced by political or cultural co mplications? And lastly the market structures are analyzed. The customers and their reactions and trends towards similar or new innovative products considered. The size of the markets, the type and the profits analyzed. What about significant competition and the resulting cut in prices? The facilitators and marketing firms, the suppliers and indeed the distribution and dealers considered. Only then, after such a study, is a product, truly launched (Dibbs and Simkin, 2008). The main problem that Sky faces in order to launch its services to a broader audience is, simply put, the different components that can promise a success. First and foremost, the 3D audience that Sky wishes to capture is basically the ones who own HD televisions in the Europe, amounting to around 12 million households. These customers, already getting accustomed to their new and expensive HD sets, are less likely to appreciate further funding into

Martin Heidegger Article Example | Topics and Well Written Essays - 1500 words

Martin Heidegger - Article Example He practiced phenomenological analysis of human existence in an attempt to access being, with reference to the temporal and historical character. He also discussed the nihilism of modern technology, and its generated society and tried to correlate the thoughts and perspectives of the western philosophical tradition with the question of being. He employed methods of phenomenology to pursue metaphysical goals. The perspective of phenomenology was established by the German thinker Edmund Husserl. Phenomenology is the science of consciousness and the related objects. Husserl tried to analyze the human consciousness. He proposed that consciousness is an intentional act. "Intentional" means that it is directed towards an object. Heidegger tried to analyze the phenomenon of "being" in a different way from which Husserl tried to interpret it. Heidegger's philosophy has much in similar with the philosophy proposed by Edmund Husserl. Husserl's basic idea was that the mind is directed towards objects under aspects. One orients or directs ones emotions towards an object. Thereby directness becomes a unique feature of the mind. The suggestion was that the mind responds to what is before it in a direct and spontaneous manner. 'Heidegger himself who is supposed to have broken with Husserl bases his hermeneutics on an account of time that not only parallels Husserl's account in many ways but seems to have been arrived at through the same phenomenological method as was used by Husserl' (R Dostal 1993).The Cartesian tradition has been foundation for phenomenology. Husserl is of the opinion that one can reach the phenomenological attitude, based on the detailed analysis of the content of consciousness, from natural attitude, based on actual world and related affairs by the application of methodological procedure. Freedom from preju dice and achievement of purity is possible through phenomenological reduction. Heidegger believes that phenomenology is based on separate analysis of consciousness. The Cartesian tradition of depicting reality was something against which Heidegger reacted. Heidegger's equation of subjects and objects was quite different. He suggested that when a subject is totally engrossed in something his mind need not be focused on every action that is going on in the process. S/he can carry on two or three mental activities at the same time. 'Heidegger calls this kind of every day skillful coping 'primordial understanding' and the entities 'ready to hand' (B Magee 1987). But if there is a problem with the routine we will consciously think about it. This is what Heidegger defines as "unready to hand". When we are in the action of closing a door or washing clothes we will do this activity while letting our mind wander in other areas. But if the door becomes suddenly heavy or if a cloth gets torn we will start thinking about the action in which we are involved. So according to Heidegger there is a different equation between subjects and objects at different ti mes. Perception is not a direct, neutral activity. It is embedded in the situations which are an inevitable part of it. When we are in a contemplative mood we are able to perceive objects in a different manner. We see that object not in terms of its use but we see it in terms of its components. The structure of the object becomes apparent to us. This state can be termed 'present at hand'. We see the objects as separate from its function. The hammer we use

Should Marijuana be legalized Essay Example | Topics and Well Written Essays - 1000 words

Should Marijuana be legalized - Essay Example Currently, there are many critics of the said law who advocate the legalization of marijuana. In fact, ten states (California, Colorado, Maine, Minnesota, Mississippi, Nebraska, New York, North Carolina, Ohio, and Oregon) have started to decriminalize it by imposing fines instead for possession rather the jail time as punishment. There are sectors who argue that the substance is not harmful and, hence, should be excluded from the illegal narcotics classification, in effect, criminalizing its possession. This paper will investigate whether this argument has merit and that it is reasonable to decriminalize its possession and use. There are two major arguments behind the call to legalize marijuana. The first is the reasoning that it is not harmful to health. Proponents often cite medical studies and research that find marijuana as a safe drug. For example, there is the Drug Enforcement Administration own administrative judge Francis Young, who declared in his 1988 decision to recommend marijuana’s legalization that: â€Å"Marijuana, in its natural form, is one of the safest therapeutically active substance known to mankind† (Barton 64). In this respect, Gieringer, Rosenthal and Carter (2008) further underscored that in animal experiments, the lethal dose of cannabis would be approximately 20,000 to 40,000 times than that of the normal dose and would require the intake of 40-80 pounds of marijuana (1). They referred to the current statistics that, so far, no fatality has ever been recorded out of cannabis overdose. The second point often cited by those in favor of legalizing marijuana is that this issue has become akin to the situation during the Prohibition era when the ban of alcohol has resulted to crime and corruption. The idea is that by legalizing cannabis, a source of funds would be denied on the criminal organizations that currently profit enormously from the underground trade. In addition, says Gomberg

Cognitive Linguistics Term Paper Example | Topics and Well Written Essays - 1250 words

Cognitive Linguistics - Term Paper Example 24). In his classification the â€Å"symbols† refer to the arbitrary signs, while â€Å"indices† and â€Å"icons† refer to the motivated ones. Arbitration is the process of giving the objects the titles that have nothing to do with its features and nature, while motivation is the process that is based on cause and effect relations between a referent and a sign. According to Pierce, the example of a â€Å"symbol† can be the word â€Å"table† – the sign does not reveal any outward or inner features or functions of the object. However, his indices and icons are more or less motivated. Indices represent the signs where the sign is determined by proximity or causality. The examples here are the smoke coming from the building – that indicates fire, the movement of the pointed finger at any object is also an index. The relation here is based on causality, common knowledge and traditions of people’s culture. Studying icons Pierce distin guished three types of icons. Image is a kind of sign that either visually, audibly or in any other way resembles a referent. The examples here include paintings, photos or onomatopoetic words. By copying something with gestures or mimics we also display images. The second type is metaphor that has a more elusive nature, though it is still based on the abstract resemblance of a referent. Using some gestures of non-verbal communication can also illustrate the metaphor, since it is based on a kind of meaningful transition. For instance, while discussing some problems a person can show the size of the problem with the hands. Certainly, the size is abstract and relative but it has the beginning and the end. In this case the intention of a person to demonstrate the seriousness of the problem is the main factor that refers it to the â€Å"image† sign. The third type is diagrams that show information, tendencies or figures in absolutely another way, but still they do not represent t he very object to us. A wiring diagram demonstrates the relationship between â€Å"the parts of a circuit, but neither the general form of the diagram nor the indexes of the certain parts need to look like the physical circuit† (Hinton, 1994, p. 34) In the history of linguistics scientists tended to focus more on arbitration than on motivation. Though, it cannot be but mention that the most part of the signs in the language are of the arbitrary nature, but still the motivated ones are not to be neglected. As mentioned above all our gestures that go with our verbal speech are sure to have the motivated nature. The language of the deaf has a more iconic implication than the spoken language. The examples of early written languages Sumerian, ancient Chinese and Egyptian bore the iconic nature. The language in this case was carried out through the pictograms or signs that represent exactly an icon. Unlike the study of Saussure the signs of the spoken language do not have only arbi trary nature. The motivated signs refer not only to onomatopoeia and sound symbolism but also to some syntactical structures. A man has many various forms of communication, though it is possible to mark out two basic forms of it. It is necessary to understand the development and importance of motivation signs and for translators and interpreters it is necessary to differentiate them in the process of communication. Our two most typical forms of communic

Water Treatment at Boston Beers Essay Example | Topics and Well Written Essays - 1250 words

Water Treatment at Boston Beers - Essay Example The reporter declares that "I feel the company should preserve the surroundings by ensuring that water released into the environment following manufacturing is fully treated, which is a low-cost program for Boston Beers and will reduce water pollution. The following is a discussion on its benefits to the community and the company. Resources such as clean water and air are getting more elusive daily, both in the community, we operate within and in the world over. In Boston, Massachusetts, one of the major problems faced is water pollution. Some members of the public continue to raise concerns over the frequent pollution of their primary water sources that they use as sources of drinking water, domestic consumption, and industrial uses, among other things. Often, members of the public have articulated that unclean water infiltrates their water lines, causing the water supplied to be unusable, especially domestically. In a study conducted by the Massachusetts Department of Environmental Protection, it was discovered that the water pollution in the Boston area went as high as 35.71% on the pollution index. The study was based on water collected from beaches, rivers and residential areas. The beach water was voted most polluted owing to the quantity of chemical effluent discovered on testing the samples collected from them. Apart from chemicals, the water consisted of other wastes such as plastics and sewage. This has raised major concerns over the measures taken by the relevant parties in ensuring access to clean and usable water in the community. Boston Beers Company has a role to play in ensuring a reduction in the level of water pollution in the environs of the company. The company is not solely to blame for water pollution. Even so, there are several reasons as to why the Boston Beers ought to be at the front line in making efforts to reduce water pollution."