You will follow one firm of your choice for the entire session. You will analyze how this firm makes economic decisions as well as how events in the economy affect the firm. Please choose ONE Fortune 500 firm from the following list (feel free to use ANY firm, it does not have to be in the top 10):

Fortune 500

After choosing one firm, address the following questions in a 5-page essay:

1. What is the organization you are going to use? Why do you think it will be an interesting focus for your economic analysis?
2. What are positive and normative statements? Describe the difference between these two types of statements in your own words. Write at least ONE positive and ONE normative statement about your firm.
3. Find any current event/article regarding your firm from an online resource (nytimes.com, online.wsj.com, etc). Be sure to reference this article in your paper. Summarize the issue and how it relates to at least ONE of this module’s economic concepts (opportunity cost, scarcity, factors of production, diminishing returns, spillover principle, etc.)

SLP Assignment Expectations

Use concepts from the modular background readings, as well as any good-quality resources you find from the Trident online library or other Internet search engines. Be sure to cite all sources within the text and provide a reference list at the end of the paper.

Length: 4 pages, double-spaced and typed.

The following items will be assessed:

• Your ability to perform an economic analysis of a firm of your own choice.
• Some in-text references to the modular background materials (APA formatting not required).
• The essay should address each element of the assignment. Remember to support your answers with solid references.

The Solution:

Economic Analysis

Question 1

Economic analysis is one of the most ideal techniques of determining the financial health of a company. In this paper, the company of interest is JP Morgan Chase Bank. It is a financial institution whose core business ranges from providing loans to both small and large institutions to investment banking. It is one of the oldest financial institution in the history of USA with an asset base of approximately $2.4 trillion (JPMorgan Chase & Co., 2017). Further, it has operations in more than 100 different countries in the world hence it is a large employer. The stock of the organization is a component of the Dow Jones Industrial Average.

The reason for using JP Morgan Chase Bank is that it has been in existence for a long time (JPMorgan Chase & Co., 2017). The company has survived some of the worst economic depressions in the American history and still managed to be listed as one of the current tier 1 banks. There is plenty to be learnt from an analysis of the institution since its growth since inception is provides insight on the business life cycle. Further, it has managed to remain profitable despite having reached the peak stage. As such, it is suitable for a detailed and comprehensive economic analysis.

It also presents an interesting focus due to its availability of data. Information on the company is freely and readily available on its website and other newspaper articles. Due to its size and the large shareholder base, the company is of interest to many individuals. As such, data about its governance, its earnings and other key financial elements are readily available (JPMorgan Chase & Co., 2017). The economic analysis is, therefore, made easier since the relevant data is accessible to the researcher. Additionally, the brand awareness of JP Morgan Chase Bank makes it easy to evaluate the opinion of the public towards the company.

Question 2

In economics, positive statements are statements that are based on facts. Since there exists data that supports the statement, it is assumed to be objective (Mankiw, 2015). They are reliable since different analysts can test the point being put across and either approve or disprove. Over time, individuals have argued that policies should be set based on positive statements. They can be adjusted to fit the current data hence they remain relevant in making decisions. It should be noted that positive statements are not based on the herd mentality and do not blindly approve the public’s opinion. They are, therefore, reliable and objective.

Normative statements are statements that are based on the opinions of people (Caplin & Schotter, 2010). There is no underlying data that can be tested to either prove or disprove them. They are considered subjective and value based since there is no real foundation to their existence except for the attitude of individuals towards a particular situation. There have been instances where normative statements have been shared on numerous occasions making people believe that they are factual. However, it is important to note that they describe the opinions of different people and do not serve as a true reflection of the existing circumstances.

One of the main differences between normative and positive statements is that positive deals with facts whereas normative deals with opinions (Mankiw, 2015). As earlier described, positive statements are objective and have data that can be tested to provide a conclusive result. Analysis by data is more concrete since it a true reflection of people’s tastes and preferences. It can be used in determining the potential results of an election since the data collected will assist in modelling the people’s real view. However, normative statements are subjective and value based. An example can be given of a campaign manager who voices that his or her candidate will win the election without considering any real data.

The second difference between the two branches of economics is that positive does not have to be correct whereas normative has to be correct. Researchers are able to test positive statements (Caplin & Schotter, 2010). They can build models on which they can test the available data. As such, the theory spanned can be approved or disproved. However, it is impossible to test normative statements. There is no data to support or disprove the opinion that is being held by the masses. As a result, should the statements be incorrect it could lead to the spread of propaganda.

The final difference is that positive statements explain the cause and effect relationship between variables whereas normative statements pass value judgement (Mankiw, 2015). There exists a relationship between the elements of a positive statement. An example can be given of a declaration that an increase in income leads to a higher purchasing power. In this case, the independent variable is the increase in income and the dependent is the purchasing power. A study conducted to test the validity of that positive statement will highlight a cause and effect relationship between the two variables. The same logic is not applicable in normative economics.

Both positive and normative statements can be identified from a study of the JP Morgan Chase Bank. A positive declaration will state that approximately 50% of the bank’s revenue is derived from servicing the small businesses. This theory can be tested since the total revenue of the bank in a given financial period is drawn from its financial statements and a breakdown of the different sources of revenue is available. One can then calculate and determine if indeed 50% of the company’s revenue is obtained from its relationship with small businesses. An example of a normative statement would be JP Morgan should expand the sphere of its work in data analytics. It is subjective and value based.

Question 3

According to an article in the Guardian by Helmore (2016), JP Morgan Chase Bank intends to raise its minimum wage by 20%. The current minimum wage for employees lies at $10.15 an hour. The management plan to raise it to between $12 and $16.50 an hour depending on the location of the branch. This initiative will affect approximately eighteen thousand employees. Such a move by the management relates to the spillover principle since an increase in the minimum wage of the employees increases their purchasing power and contributes towards economic growth and development.

Conclusion

The decisions made by the management of companies put into practice the economic theories and models. They employ techniques such as the spillover principle and the opportunity cost and this has a general effect on the growth and development of the country. In relation to positive and normative statements, it is important that individuals identify the differences since it helps them understand whether a statement is a true reflection of the financial situation of the company or not.

References

Caplin, A., & Schotter, A. (2010). The foundations of positive and normative economics: A handbook. Oxford University Press.

Helmore, E. (2016). JPMorgan Chase raises its minimum wage by 20%. Retrieved from The

Guardian. https://www.theguardian.com

JPMorgan Chase & Co. (2017). JPMorgan Chase & Co. Retrieved from JPMorgan Chase & Co.: https://www.jpmorganchase.com

Mankiw, N. G. (2015). Essentials of economics. CengageBrain.com.

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Please write about the job in this link
https://www.dice.com/jobs/detail/Business-Analyst-Advanced-Programming-Group-Danbury-CT-06810/10169983/134777?icid=sr2-1p&q=business analyst&l=06514).
In a one page word document, summarize the job, give your opinion of the skills and requirements needed and discuss your feelings on what a day in the life of that analyst would be like

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Please provide responses for the discussions below. Appx 300 words for each DQ.

Topic: Financials and Business Performance Measurement

DQ 1: Chart of Accounts, General Ledger, and Accounting System. Notice how much detail can be included in various financial statements. What accounting data is required for you to write your CLC Business Plan? How can you present just enough information for your reader to get a clear understanding of the financial concerns of your proposal?

DQ 2: Strategic Planning. Many strategic plans contain financial data. Discuss how you might include this type of financial data in your CLC Business Plan.

DQ3: Explain why measuring performance is important in business operations. Choose a business performance measurement tool that does not relate to your CLC and explain why.

DQ 4: Consider the following hypothetical situation: You are a human resources manager in a medium-sized hospital. You are writing the job description for an operations manager who will manage finances, evaluate financial performance, and develop financial plans. What skills does a suitable candidate need?

1. Introduction and 1 concisely written thesis statement (1 point).

2. Describe your chosen role as an APN in your setting. (1 point).

3. Differentiate among: research, Evidence Based Practice (EBP) and quality improvement. (3 points).

4. Explain how and why EBP, research and Quality Improvement (QI) are important to your APN role and specifically how these terms are integrated/applied into your practice setting. (3 points).

5 a. Provide a specific example of how EBP or QI is applied (or not applied) in your setting. (2 points). You should include how the information is disseminated to your specific area of practice (i.e. nurses, multidisciplinary team members, doctors, etc.). Be sure to consider committees in charge of reviewing policies to make the changes and distribute the new information, the role of administration, educators, CNSs, etc. in the dissemination process. For example: if I am interested in reducing CAUTIs in my particular setting, than I would discuss that topic area here and take a look at my facility and determine whether they are using EBP (and if so is it current and the best EBP) to make clinical decisions on treatment, protocols or policies.

b. Then I would describe how I know this to be true? Does the facility have a committee to evaluate policies? Is the staff involved, or is this a function of the CNL, Nurse Educator, CNS, NPs, physicians, etc. How does EBP or a QI project get from just a thought/plan to actual implementation in the hospital? (2 Points)

6. Summarize findings of the discussion. (1 point) 7. References: you should include a minimum of 2 references in the initial post. The post should be no more than 750 words.

Instructions:

In this assignment, you will be researching dimensions of quality and safety in healthcare, specifically long- term care, and how various industries can apply these concepts to improve operations.

• Using the Medicare Nursing Home Compare website, research one nursing home that displays a low level of quality as indicated by their Five Star Rating*
  • The nursing home should display a low level of quality (-2 star rating)
  • The nursing home should display a low level of safety
• Provide a general overview of the nursing home (e.g., name, location, bed size, ownership, etc.)
• Discuss the quality performance of the nursing home as evident by its most recent health care inspection (e.g., deficiencies, citations, financial penalties, etc.). This can be accomplished by thoroughly reading the nursing home’s statement of deficiencies and plan of action to correct quality deficiencies (CMS Form 2567).
• Discuss the safety performance of the nursing home as evident by its most recent life safety inspection (e.g., life safety citations, financial penalties, etc.). This can be accomplished by thoroughly reading the nursing home’s life safety code statement of deficiencies and plan of action.
• Discuss appropriate techniques that you would use to improve quality in the nursing home.
• Discuss appropriate techniques that you would use to improve safety in the nursing home.
• Be sure to include details about the deficiencies that you found.
• Report your findings by using one (1) of the methods below:
  • 3-4 page paper excluding front and back matter (APA standards apply).
  • Internal organizational memorandum.
  • Infographic
  • Power Point presentation for a Board of Directors (10-12 slides; speaker notes as needed to support assertions).
  • 7-10 minute public service announcement (using a free online voice recorder such as vocaroo.com)
  • Video newscast (using a free online video recorder such as YouTube.com)(e.g.,entertainment talk show, television commentary, interview-style, news reporting, etc.).
  • The use of first person is permitted for this assignment (excluding option 1).
• APA formatting (e.g., title page, conclusion, font size, etc.) should not be used if you choose to complete the memorandum, infographic, PSA, or newscast.
• Although the use of APA formatting is not required for this Assignment, proper grammar, spelling, and an APA formatted reference list of sources are expected.

*You can select any nursing home published on the Medicare Hospital Compare website. To narrow your selection, consider researching nursing homes in your community, previous places of residence, employers, competitors, or even a nursing home you would like to network with someday.
References:

http://www.medicare.gov/nursinghomecompare/search.html

https://www.cms.gov/Medicare/CMS-Forms/CMS-Forms/downloads/cms2567.pdf

http://www.cdc.gov/nchs/nnhs.htm

Teaching Net Present Value (NPV) & Future Value (FV)

You have been asked by a manager in your organization to put together a training program explaining Net Present Value (NPV) and Future Value (FV) and how they are used to evaluate the price of stock. You have been given the following objectives:

Upon completing your Net Present Value (NPV) and Future Value (FV) Training Program, employees should be able to do the following:

• Explain NPV and FV.
• Describe the factors that are used in the NPV and the FV formulas.
• Give an example of how to use the formulas for NPV and FV for a stock purchase.
• Summarize the differences between the two formulas and the purpose of using each.

Develop a 10- to 12-slide PowerPoint Presentation (excluding title slide and reference slide) that cover each of the above topics. In the slide notes, include your explanations for each topic above. You must use a minimum of two scholarly sources.

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1. Case study – A parent of a middle-school aged child (11-14) has contacted you seeking disciplinary strategies to address student performance and behavior. Information the parent has provided to you includes the following: their child has been disrupting classroom environment, not doing homework, and has recently been performing below ability. Regarding the child’s family environment, the parents have recently separated and a grandparent is providing some childcare. You are to approach this assignment in the role of mental health or school counselor, depending on your professional aspiration.
2. Identify yourself in terms of culture/ethnicity, gender, ability status, or other areas you find most relevant. How does your background influence your theoretical approach to the counseling process? This may include both effective and ineffective influences. What biases and values, areas of privilege, and areas of oppression do you bring to the counseling setting? (approximately 1-2 pages)
3. Superimpose on the case study two distinct culture and/or diversity “statuses.” Choose from the categories identified in chapters 14-26 of Counseling the Culturally Diverse: Theory and Practice by Sue and Sue. (Approximately 3-5 pages total for this section). These statues include:

Text Part IV (Chapters 14-18)

African Americans – Chapter 14

American Indians/Native Americans and Alaska Natives – Chapter 15

Asian Americans and Pacific Islanders – Chapter 16

Latino/as – Chapter 17

Multiracial Individuals – Chapter 18

Text Part VII (Chapters 19-21)

Arab Americans and Muslim Americans – Chapter 19

Immigrants and Refugees – Chapter 20

Jewish Americans – Chapter 21

Text Part VIII (Chapters 22-26)

Individuals with Disabilities – Chapter 22

LGBT Individuals – Chapter 23

Older Adults – Chapter 24

Individuals Living in Poverty – Chapter 25

Women – Chapter 26

1. Identify three key issues that are relevant for each of the two cultural/status groups you are investigating (e.g., strengths, challenges and implications for practice).
2. Cite at least two relevant empirical articles from peer reviewed counseling journals (in addition to the text) for each cultural/status group that illuminate the case study themes. Be sure to include a separate reference list.
3. For each case based on the cultural/status groups, identify two potential areas of focus in the counseling setting (clinical or school). Indicate the distinctions among the cultural groups you have chosen.

4. As the result of this assessment of your own background and of the three students/clients’ backgrounds, analyze the presenting problems and counseling strategies that you would consider implementing as you work with the individual and family in each of the case studies you created. (approximately 2-3 pages for this section) (Total pages for this assignment have ranged from 6 to 10 pages excluding references).

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As the local manager of an international accounting firm, you place high priority on professional etiquette. Not only does it communicate respect to your clients, it also instills confidence in your firm by showing that you and your staff are aware of and able to meet the expectations of almost any audience. Earlier today, you took four recently hired college graduates to lunch with an important client. You’ve done this for years, and it’s usually an upbeat experience for everyone, but today’s lunch was a disaster. One of the new employees made not one, not two, but three calls on his cell phone during lunch. Another interrupted the client several times and even got into a mild argument. The third employee kept making sarcastic jokes about politics, making everyone at the table uncomfortable. And the fourth showed up dressed like she was expecting to bale hay or work in a coal mine, not have a business lunch in a posh restaurant. You’ve already called the client to apologize, but now you need to coach these employees on proper business etiquette. Draft a single memo to these employees, explaining why etiquette is so important to the company’s success and their individual careers. Be sure to use specific examples for clarification.

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Overview

This week’s readings deal with the foundations of transcultural nursing. In your Module 1 paper, you will address the following questions after reviewing chapter 1, 2, and 4 in your textbook:

1. Identify and discuss the 8 reasons why transcultural nursing is a necessary specialty, according to Madeleine Leininger (page 6).
2. In your own words, describe the meaning of cultural diversity. Then relate its relationship to the field of nursing.
3. In your own words, explain three ways that you provide culturally sensitive care to your patients.

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References

Minimum of four (4) total references: two (2) references from required course materials and two (2) peer-reviewed references. All references must be no older than five years (unless making a specific point using a seminal piece of information)

Required course materials:

Transcultural Concepts in Nursing Care, Joyceen S. Boyle & Margaret M. Andrews, (2015), 7th edition.

Provide doi for all journals

Peer-reviewed references include references from professional data bases such as PubMed or CINHAL applicable to population and practice area, along with evidence based clinical practice guidelines. Examples of unacceptable references are Wikipedia, UpToDate, Epocrates, Medscape, WebMD, hospital organizations, insurance recommendations, & secondary clinical databases.

Style

APA 6th edition formatting, citations and references.

Number of Pages/Words

Unless otherwise specified all papers should have a minimum of 600 words (approximately 2.5 pages) excluding the title and reference pages.