Individual Ethics Simulation

What are two challenges that simulation models might represent well?

B Why do lenders need liquidity? to qualify for FHA insurance so they can put their money in long- term assets so they have the funds to originate more loans so loans can be packaged together to create MBSS 19:31 ✓

Q1) Ahmed's interest was cricket. When he finished university, he wanted to work in a management job. He wanted to do his research project on some aspect of general management and social sciences, preferably for a sports goods manufacturer but had no research idea. He asked five friends, all taking business education degrees, to help him brainstorm the problem. You are requested to use the following problem-solving techniques to generate and refine the research idea in this business scenario. i) The technique of Brainstormingii) The Delphi technique

1.How might you prevent or reduce the probability of being victimized by perpetrators of healthcare fraudulent schemes. 2. How might you prevent or reduce the probability of being victimized by perpetrators of fraudulent tax schemes.

How does the presence of uncertainty affect the usefulness of the model?

Which of the following considerations is prohibited when a mortgage loan ariginator is making a determination of a borrower's ability to repay a loan? A) Current debt obligations, including alimony and child support B) Funds to close C) Marital status D) FICO score

A national survey indicated that 30% of adults conduct their banking online. It also found that 40% are under the age of 50, and that 25% are under the age of 50 and conduct their banking online.   A. What is the probability that an individual conducts banking online given that the individual is under the age of 50? B. Are Banking Online and Age independent? Explain.

Describe Porter's five-forces analysis and it can be applied to the sensor industry represented in the Capstone simulation.

Describe how decision analysis is similar to and different from simulation analysis and scenario analysis (at least 75 words)

SIMULATION AND MODELING  Among the most compelling reasons for using simulation are the benefits gained by managers. Explain any THREE benefits.

Suppose you are a manager in some leading firm / organization. The owner of the firm wants you to uplift the profit of the firm by introducing some new commodity in the market. Explain all decision making process relating to successfully introducing your commodity in the market.

Hh1. Account Choose the stakeholder that is MOST likely to ask the following question. Will the business be able to pay for its purchases on time? Select one: a. Canada Revenue Agency management of a retailer b. c. business owner d. lender (e.g. banker) e. supplier (e.g. a wholesaler) f ou mor

What is the difference between a causal model and a time-series model?

Government officials must decide how to reduce the amount of Magentum being adulterated in the future. According to Becker, which of the following are options that could get the same expected cost of crime commission? 1 - Increase the probability of detection and conviction and combine that with a low sanction. 2 - Change the opportunity cost of the crime. 3 - Keep a low risk of probability of detection and conviction but impose a very high sanction.       1 and 3     1, 2, 3     1 and 2     2 and 3

As part of its business plan, ABC Corp is developing a set of worst-case scenarios. What one(s) should ABC Corp focus one? Select an answer: worst-case scenarios that involve key dependencies all conceivable worst-case scenarios any worst-case scenarios that investors might notice worst-case scenarios that do not require preparedness

What are various types of information for decision making does simulation typically provide?

What are the advanatges and limitations of using each Quantitaive Risk Assessments such as Bayesian Network, Fault Tree Analysis, Event Tree Analysis and Bow Tie Analysis in the oil refinery storage industry?

3. The manager for a manufacturing company must recommend whether to construct a large plant, construct a small plant or do nothing. He estimates the long-run profits in $ as follows: State of Nature Alternative Good Average Poor Market($) Market ($) Market ($) Construct a 100,000 35,000 -60,000 large plant Construct a 75,000 25,000 -40,000 small plant Do nothing -5,000 0 0 Probability 25% 50% 25% Solve using: A. Expected Opportunity Loss B. Expected Value of Perfect Information

MCQs:   Managers need to examine internal and external factors for risk management. External factors for risk may include all except,     The economic environment  Competitor’s activity  Work culture and practice  New technological changes    SWOT analysis is commonly suggested method for:  Controlling risk factors of an organization  Implementing a new process  Quality Improvement   Managing challenges and opportunities    During a change scenario manager need to,  Understand and communicate the context of change  Facilitate processes and operations  Be innovative and tolerant of risk taking  All of the above

Should Warby Parker charge more for frames purchased in stores than for frames purchased online, to offset the higher cost of rent and store employees? Why or why not?

Explain the importance of the Hamada equation.

Economics Daegu considers producing electric razors for men. If the market demand is high, he would get a return of $100,000, but if there were a low demand for this type of razor, he would lose $60,000. Daegu also considers the possibility of ordering a market survey to gather additional information about the market demand. The survey includes a sophisticated questionnaire administered to a test market and costs $5,000. Daegu believes that there is a 62:38 chance that the market information will be favorable (i.e., predicting a high market demand) and unfavorable (i.e., predicting a low market demand). Furthermore, the probabilities of a favorable survey given a high market demand and an unfavorable survey given a low demand are both 0.8. Daegu is not sure if the value of the survey is worth the cost Draw the decision tree and advise Daegu

Determine the seven steps to take in order to explore the problem using simulation.

Determine the type of business analytics for the following scenarios. A. Imagine you are a meteorologist. You have to foretell the weather for the next two weeks by analysing the data from the satellites. Here, you have to apply advanced statistical, information software, or operations research methods to identify predictive variables and build predictive models. Discuss in detail which type of business analytics will be suitable for this scenario.

Asymmetric information and imperfect information tend to distort market price and quantity.  The use of a money-back guarantee might work to Group of answer choices Enhance the promise of quality and reduce distortion of the market price and quantity. Motivate buyers to intentionally abuse products so that they can get their money back, reducing the impact of distorted market price and quantity. Encourage buyers to worry about why such a guarantee was necessary, increasing the distortion of market price and quantity. Stabilize the price and quantity of the product.

Which of the following losses or outgoings incurred cannot be deducted as a general deduction by a share investor: Group of answer choices Interest on money borrowed to buy shares expected to produce dividends, Investment journals and publications. Investment journals and publications. Subscriptions to share market information services. Management fees or retainers to investment advisers for an initial investment plan. Management fees or retainers to investment advisers for ongoing investment advice.

32 true or false A rational decision will never fail to provide the best and most successful solution to a problem.