Understanding Inflation and the Time Value of Money

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Complete Assignments 3 and 4 on page 45 of the textbook. Complete Assignments 4 and 5 on page 57.

PAGE 45:

3.  The Department of Corrections (DOC) needs to replace two of its prison transport buses. There are two companies that have a track record of making reliable vehicles, and both make a bus that meets the needs of the department. The DOC pays an 8% interest rate on money it borrows. The bus from Company A has a purchase price of $105,000 and a 10-year service life expectancy, and it averages $2,000 per year in maintenance costs. The bus from Company B has a purchase price of $110,000 and a 10-year service life expectancy, and it averages $1,500 per year in maintenance costs. Which bus should the Department of Corrections select?
You can use this NPV calculator for problem 3 on page 45
https://www.calculatestuff.com/financial/npv-calculator
remember you are dealing with all cash outflows which consist of the purchase price and maintenance costs. For this the 8% interest rate is the discount rate. You can use the Net Present Value calculator I posted.

4.  The information technology (IT) department has recently completed a major refurbishment and upgrade of the citys data center, at a cost of $10,145,825. The chief information officer (CIO) has informed the central budget office that the IT department will need to do the same kind of upgrade in 5 years, and he expects the total cost of that project to be 10% more than this years project, accounting for better future technology and future increases in costs. The city does not expect to have enough funding available to pay for the refurbishment in 5 years and must put money away during each of the next 4 years to meet this need. How much money should the city put aside in each of the next 4 years to be able to pay for the data center refurbishment 5 years from now, assuming the city can invest the money at a 4.5% interest rate?

PAGE 57:

4. Find a published cost-benefit analysis (net present value analysis) for any level of government and any public policy. Determine whether a sensitivity analysis has been conducted and, if so, whether any alternatives result in a recommendation that is contrary to the central recommendation of the published analysis. What variable changed in a way that led to the contrary recommendation?

5. Eastviews police department hires a new class of 50 trainees every quarter to begin the 3-month police academy program. Four nearby communities have struggled in running their own police academies, partly due to their own city funding but also because their class size is much smaller (ranging from 5 to 15 trainees in each city). Eastviews newspaper recently ran a story about the citys intent to build a new training facility for the police academy. The four communities want to partner with Eastview to have Eastview provide their academy program rather than hosting it themselves. Using the information in Worksheet 8.3, analyze how the cost would vary from the lowest enrollment to the highest enrollment if Eastview and the four surrounding communities cooperated on a joint academy. The academy provides room and board to all trainees for a period of 11 weeks.

MAKE SURE THAT THE QUESTIONS ARE ANSWERED SEPARATELY AND ARE PROPERLY ENUMERATED. 

APA FORMAT

Ethics-Case-Study

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Create a PowerPoint presentation of at least 10 slides that could be given in a professional context. The presentation will demonstrate the use of professional guidelines and tools that create a strategy for dealing with an ethical dilemma in a simulated case study, and will analyze the usefulness of those guidelines and tools.

Note: You are strongly encouraged to complete the assessments in this course in the order in which they are presented.

Ethical principles, professional standards, reasoning models, and decision-making models provide guides for navigating complex moral choices in professional contexts.

By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:

  • Apply ethical principles and standards to ethical dilemmas.
    • Evaluate the guidance offered by a professional ethical standard in relation to particular ethical concerns.
    • Design a viable solution for an ethical problem.
  • Employ models of ethical reasoning and ethical decision making.
    • Apply steps in an ethical decision-making model to resolve an ethical dilemma.
    • Justify why a particular ethical reasoning model is most appropriate in resolving an ethical dilemma.
  • Communicate in a manner that is scholarly, professional, and consistent with expectations for members of the psychological professions.
    • Write clearly, with correct spelling, grammar, syntax, and good organization, following APA guidelines.
    • Convey information in a presentation format that is readable and well organized.
  • An ethical dilemma is a situation that is difficult to resolve because no course of action will be a perfect solution. In such situations, critically analyzing and thinking about all applicable ethical principles is important. Even then, it can be hard to make ethical decisions, but decisions must be made. Often, avoidance of making a decision is a decision within itself, and it can bring the worst possible outcome.
  • The process for solving ethical dilemmas can be multifaceted. You must consider all parts of a situation in order to make an informed and responsible decision about how to proceed ethically. The more layers, the more difficult an ethical dilemma is to resolve.
  • The American Psychological Association’s “Ethical Principles of Psychologists and Code of Conduct” and similar standards developed by other professional organizations are important sources of guidance. Ethical theories provide general frameworks for evaluating ethical positions. In addition, ethical reasoning models and ethical decision-making models are important tools to resolve ethical dilemmas. These two concepts can be confusing. See Assessment 3 Context for more information.

To deepen your understanding, you are encouraged to consider the questions below and discuss them with a fellow learner, a work associate, an interested friend, or a member of your professional community.

  • Why are ethics important for practitioners?
  • What specific values, skills, and knowledge might you need to be ethical in your planned professional role as a psychological practitioner, educator, researcher, or organizational change agent?
  • What are the main theoretical positions in regard to ethics? Which do you think are most valuable? Why?
  • What ethical dilemmas might arise in your specialization?
  • How can ethical codes and standards help?
  • What are the strengths and limitations of these ethical codes and standards?
  • What are the differences between ethical reasoning models and ethical decision-making models? How can each help you in your profession?
  • What are your current strengths (specific characteristics, beliefs, attitudes, knowledge, skills, and behaviors) that contribute to your ethics? What areas do you need to develop?
Resources

The following e-books or articles are linked directly in this course:

  • American Psychological Association. (2007). Record keeping guidelines. American Psychologist, 62(9), 993–1004.
  • Barnett, J. E., Behnke, S. H., Rosenthal, S. L., & Koocher, G. P. (2007). In case of ethical dilemma, break glass: Commentary on ethical decision making in practice. Professional Psychology: Research and Practice, 38(1), 7–12.
  • Barnett, J., & Kolmes, K. (2016). The practice of tele-mental health: Ethical, legal, and clinical issues for practitioners. Practice Innovations, 1(1), 53–66.
  • Fisher, C. B., & Fried, A. L. (2003). Internet-mediated psychological services and the American Psychological Association ethics code. Psychotherapy: Theory, Research, Practice, Training, 40(1/2), 103–111.
  • Hertein, K. M., Blumer, M. L. C., & Mihaloliakos, J. H. (2015). Marriage and family counselors’ perceived ethical issues related to online therapy. The Family Journal, 23(1), 5–12.
  • Johnson, W. B., Bacho, R., Heim, M., & Ralph, J. (2006). Multiple-role dilemmas for military mental health care providers. Military Medicine, 171(4), 311–315.
  • Sampson, J. P., Jr., & Makela, J. P. (2014). Ethical issues associated with information and communication technology in counseling and guidance. International Journal for Educational and Vocational Guidance, 14(1), 135–148.
  • Teitcher, J., Bockting, W., Bauermeister, J., Hoefer, C., Miner, M., & Kitzman, R. (2015). Detecting, preventing, and responding to “fraudsters” in Internet research: Ethics and tradeoffs. The Journal of Law, Medicine & Ethics, 43(1), 116–133.
Internet Resources

Access the following resources by clicking the links provided. Please note that URLs change frequently. Permissions for the following links have been either granted or deemed appropriate for educational use at the time of course publication.

Ethical codes that may be relevant to your specialization:

  • American Association for Marriage and Family Therapy (AAMFT). (2012). Code of ethics. Retrieved from http://www.aamft.org/imis15/Content/Legal_Ethics/C…
  • American Counseling Association (ACA). (2014). 2014 ACA code of ethics. Retrieved from http://www.counseling.org/resources/aca-code-of-et…
  • American Group Psychotherapy Association (AGPA). (2002). AGPA and IBCGP guidelines for ethics. Retrieved from http://www.agpa.org/home/practice-resources/ethics…
  • American Mental Health Counselors Association (AMHCA). (2015). AMHCA code of ethics. Retrieved from http://c.ymcdn.com/sites/www.amhca.org/resource/re…
  • American School Counselor Association (ASCA). (2010). Ethical standards for school counselors. Retrieved from http://www.schoolcounselor.org/asca/media/asca/Res…
  • American Psychological Association. (2010). Ethical principles of psychologists and code of conduct. Retrieved from http://www.apa.org/ethics/code/index.aspx
  • National Board for Certified Counselors (NBCC). (2012). Ethics policies and procedures. Retrieved from http://www.nbcc.org/Ethics
  • Canadian Psychological Association. (2015, February). Canadian code of ethics for psychologists(4th ed.). Retrieved from http://www.cpa.ca/docs/File/Ethics/CPA_Code_Feb201…

For information about ethical reasoning models:

  • BBC. (n.d.). Duty-based ethics (Deontological ethics). Retrieved from http://www.bbc.co.uk/ethics/introduction/duty_1.sh…
  • BBC. (n.d.). Consequentialism (Utilitarianism). Retrieved from http://www.bbc.co.uk/ethics/introduction/consequen…
  • Etzioni, A. (n.d.). Communitarianism. In Encyclopedia Britannica. Retrieved from http://www.britannica.com/topic/communitarianism
  • Petrini, C. (2010). Theoretical models and operational frameworks in public health ethics. International Journal of Environmental Research and Public Health, 7(1), 189–202. Retrieved from http://www.ncbi.nlm.nih.gov/pmc/articles/PMC281978…

For information on ethical decision-making models:

  • Barrett, M. S. (n.d.). Ethical decision-making in mental health. Retrieved from http://dhss.delaware.gov/dsamh/files/si10_1399_pre…
  • Pope, K. S., & Vasquez, M. J. T. (n.d.). Steps in ethical decision-making. Retrieved from http://kspope.com/memory/ethics.php

For guidance on particulars of the assessment:

  • Google. (n.d.). Find free-to-use images. Retrieved from https://support.google.com/websearch/answer/29508?…
  • Microsoft. (n.d.). Basic tasks in PowerPoint 2010. Retrieved from https://support.office.com/en-gb/article/Basic-tas…
  • Microsoft. (n.d.). Basic tasks for creating a PowerPoint presentation. Retrieved from https://support.office.com/en-US/article/Basic-tas…

Assessment Instructions

Note: The assessments in this course build upon each other, so you are strongly encouraged to complete them in sequence.

Preparation

  • View the Case Study Scenario Parts 1, 2, and 3 videos, linked in Required Resources.
  • Download and use the Ethics Case Study Template, linked in Required Resources. Do not submit a paper for this assessment. Papers will not be graded. You will complete this assessment by replacing all language that is enclosed with brackets […] in the PowerPoint with your own words. As in the previous assessment, you may enhance the design of the presentation to make it more effective. Again, links to tips for using PowerPoint and designing effective presentations are provided in Suggested Resources.

The Presentation

  • Title slide: On the first slide of the PowerPoint:
    • Enter a descriptive title of approximately 5–15 words that concisely communicates the heart of the case study. It should stir interest while maintaining professional decorum.
    • Enter your name, and a job title and organization that would fit with your case study.
  • Case Study Overview slides: Provide the briefest possible narrative description of the professional conflict in the case. Additional supporting details and references can be added in the notes section in the slide. The overview should include:
    • The professional setting of the case.
    • Brief descriptions of the individuals involved and their roles.
    • A brief summation of the ethical dilemma presented in the case study.
  • Ethical Concerns slides: Bullet point three or more ethical concerns in the case. Additional supporting details and references can be added in the notes section on the slide. Be sure to link to elements of the code.
  • Ethical Standards:Strengths and Weaknesses slides: Select a code of ethics that you will apply to this case. For example, you may want to use the American Psychological Association’s “Ethical Principles of Psychologists and Code of Conduct” or the American Counseling Association’s “Code of Ethics.” Links to all ethical codes from related health fields are in Suggested Resources.
    • Enter bullet points outlining analysis of the strengths and weaknesses of the ethical standards that you have applied to your case. Include citations to relevant portions of the ethics code that you selected and citations of relevant readings and research.
  • Comparison of Ethical Reasoning Model slides: In the first row of the provided table, enter the names of two ethical reasoning models that you think would be the most appropriate for the situations in the case. In the following rows, enter comparisons of relevant features of the two models. In the notes section, evaluate which model provides a more functional framework for your case and explain why. (Note that ethical reasoning models and ethical decision-making models are two different things. Please make sure you are comparing, contrasting, and evaluating two ethical reasoning models).
  • Ethical Decision-Making Model slides:
    • Choose an ethical decision-making model, and identify each step in the model.
    • Apply the model to your case and, under each step of the model, describe how that step would look if you applied it to the case.
    • Incorporate multicultural issues presented in the case study within the selected ethical decision-making model.
    • Add copies of this slide as needed, and combine steps on the slides as necessary or appropriate. In the notes section, write out supporting narrative details for your bullet points. (Note that ethical reasoning models and ethical decision-making models are two different things. Please make sure you are applying steps of the ethical decision-making model to your case).
  • Proposed Resolution slide: Use bullet points to summarize your proposed resolution to the ethical dilemmas in the case. In the notes section, write out supporting narrative details for your bullet points.
  • Influence of Culture slide: Use bullet points to highlight the ways culture shaped this case and your response to those cultural elements. In the notes section, write out supporting narrative details for your bullet points.
  • Conclusion slide: Summarize the main lessons learned in this case study in a brief bulleted list.
  • References slides: Use current APA style and formatting guidelines.
    • Citation requirements: You must cite at least three scholarly research articles. You may cite reputable sources form Web sites, books, textbooks, and suggested resources as well, but these will not count toward the three required scholarly research references.

Additional Requirements

  • Written communication:Should be free of errors that detract from the overall message.
  • Format:Use the Ethics Case Study Template provided in the Required Resources. Use current APA style and formatting guidelines as applicable to this assessment.
  • References: Three scholarly research articles.
  • Length of PowerPoint: A minimum of 10 slides.

 

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The management of DuPont is planning next year’s capital budget. The company’s earnings and dividends are growing at a constant rate of 5 percent….

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The management of DuPont is planning next year’s capital budget. The company’s earnings and dividends are growing at a constant rate of 5 percent. The last dividend, Do, was $0.90; and the current equilibrium stock price is $7.73. DuPont can raise new debt at a 14 percent before-tax cost. DuPont is at its optimal capital structure, which is 40 percent debt and 60 percent equity, and the firm’s marginal tax rate is 40 percent. DuPont has the following independent, indivisible and equally risky investment opportunities:

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r Assessment Examples, Research, and Evaluation:

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Post your draft presentation PowerPoint required for Assessment Examples, Research, and Evaluation:

Part 2.  Discuss the assessment type (formative/summative), what it is designed to measure based on Learning Targets. .

Use the 5 Keys to Quality Assessment (p.48) to frame your questions and responses.

Also discuss how the research elements from the presentation tie into the readings from the course, especially readings other than the Chappuis text.

Where appropriate, offer suggestions for how elements of the presentation may be enhanced or supported.