Business; Four phases

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Describe the four phases of the resource allocation process. You need to explain the details of each phase
(who, what, when, where, why).
PPBE
Enactment
Apportionment
Execution
Write a two-page paper, plus the title page and a reference page. As always, read all the lesson notes before
you start this assignment as new or current events may have been updated since the start of class.

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Case Study – Developing a Strategic Growth Plan

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Sally now has won three Michelin Stars and becomes the first Three Star restaurant in North America. The
presentation of the Michelin Award goes to those ambitious chefs and restaurants for their culinary excellence.
It’s the most prestigious Culinary International Award presented to qualified establishments and Chefs. The
event’s organizer, The Michelin Guide, has led the world in food and restaurant inspections. To be honored with
a Michelin Star denotes the benchmark of excellence. Sally has joined the competition seeking her third
Michelin Star. Only the best restaurants worldwide are eligible to receive the Third Michelin Star. The winners
in the Michelin guide gain recognition as having “exceptional cuisine, worthy of a special journey.” A two
Michelin Star classification denotes “excellent cuisine worth a detour.” One Michelin Star simply says, “verygood cuisine in its category.” Sally is set on winning the third Michelin Star and has been working on the only
qualification – “Perfection.”
The Restaurant, now in its fifth year of operation has become the number one destination for vacationers
coming to Florida as well as foodies from all over the world. Food critics have poured in from all over just for
the opportunity to experience the delights and write about the savory treats served in Sally’s signature dish.
One savory treat included a specially formulated dessert created by Sally. The desert has become so popular
that many customers have requested extra take-home orders. A substantial number of patrons have asked if
the dessert would ever be sold separately in markets.
Annual revenue from the restaurant is approaching over twenty million dollars. The business has amassed
direct ownership of fifty properties located around the country in high-density cities. Sales from the Table app
has steadily grown to over six million dollars in annual sales through subscriptions and advertising revenue.
You have invested in kitchen-to-door food delivery using the cooking lesson kitchen-vision that combines the
delivery of ready to cook meal packages. The service is designed to give customers the experience to compete
with Sally’s streaming cooking lesson shows. The return on investment (ROI) on this venture has more than
paid the initial investment and is now showing profit level income. The company enjoys the highest credit
ratings and has outstanding loans securing the purchase of the original property, as well as the other
investment properties. The loans are in their final years and the projected restaurant revenue has positioned
the business in a favorable position that will enable the company to redeem the commercial paper before the
due date, saving 12% of the outstanding balance. You and Sally both agree that it’s time to develop a growth
plan.
Your Assignment
This assignment has 2 parts:
Part 1
Complete the Business Growth Document answering the questions based on the course materials. You may
add your personal perspective to the answers.
Complete the Strategic Plan Chart and Upload the Chart and the Business Growth Document.
You will attach these documents to your discussion posting.
Part 2
Discussion:
Based on the information that you have gathered, discuss the following:
Identify the indicators that your business is ready to expand.
Identify three ways to grow your business.
Describe your Vison and how it impacts your Mission.
Be sure to reply to at least 2 of your classmates.
Here are all of the related documents to fill out and submit:
Business Growth Questions (PDF)Preview the document
Strategic Plan (PDF)Preview the document

Sample Solution

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The International Monetary Fund (IMF)

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  1. A, B. The International Monetary Fund (IMF) was created to manage the Bretton Woods currency exchange system, which was in place from 1945 until 1971. Separately answering as parts A and B, identify and explain two different tools the IMF had to handle a country’s trade imbalance (trade deficit).
    C. The Bretton Woods system came to an end in 1971. Explain how the Bretton Woods system inevitably collapsed, specifically due to the policy choices made by the IMF and/or the Federal Reserve Bank (FRB) of the USA and/or the governments of other participating nations.
  2. A. Describe a price weighted stock market index. How is it computed? What is one reason for its use, rather than using a different type of stock market index?
    B. Describe a value weighted stock market index. How is it computed? What is one reason for its use, rather than using a different type of stock market index?
    C. Give two reasons why it is impossible for a mutual fund, that follows any stock market index, to earn as much money as the index upon which it is based?
  3. A, B. Consider a country whose central bank wants to cause its own currency to appreciate in value, relative to foreign currencies. (Appreciate: You get more foreign currency in exchange for your own.) Separately answering as parts A and B, give and explain two different intervention methods to cause the currency to appreciate. Separately explain how each method would work.
    C. After the currency has appreciated, due to the official intervention, would inflation, deflation or no domestic price changes, be most likely? (note: No sterilization has taken place in this example.) You may draw upon Irving Fisher’s quantity theory of money and/or the Fisher effect and/or PPP to explain the most likely outcome.
  4. Bull Call Spreads:
    A stock’s current price is $49.
    A call option with an exercise price of $70 can be bought or sold today for a price of $12.
    A call option with an exercise price of $90 can be bought or sold today for a price of $4.
    Draw the number line for the bull call spread.
    What will be the final net gain, or loss, if one undertakes the bull call spread today, and on the exercise date that the stock’s price has become.: (Show all work.)
    A. $55. B. $69. C. $75. D. $ 89. E. $100.
    Special Bonus: 5 points extra credit for solving the break even final stock price.
  5. A, B, C. A person invests his/her own money only for one purpose: to have money to spend in the future. One danger of investing is that over the long run inflation can reduce the value of one’s investment.
    A. Identify one type of investment that almost always loses total real value due to inflation in the long run. What makes this type of investment’s inflation losses almost always greater than its nominal rate of return.
    B, C. Separately answering as parts B and C, identify two separate long term investments that are unlikely to decline in value due to inflation, but rather almost always give the investor more real spending power in the future than he/she invests today. For each type of investment (B and C) what is its attribute that prevents real overall losses due to inflation?
    ***(note: This question is about an individual investor’s losses due to inflation. Do not change subject.)
  6. A. What is the relative (or weak) purchasing power parity? How does relative purchasing power parity explain long term currency exchange rate changes? Create one simple example (country 1 and country 2) between the two countries’ currencies to demonstrate this result?
    B. How do long term interest rates between different countries affect long term currency exchange rates (i.e. interest rate parity)? Create one simple example (country 1 and country 2) between two countries’ currencies to demonstrate this result?

Sample Solution

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Statistics in Criminal Justice

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Multiple Choice (3 points each)

  1. Which of the following correlation coefficients signifies the weakest correlation?
    A. -0.28
    B. -0.76
    C. +0.12
    D. +0.66
  2. If fear of crime initially decreases with age, but then increases with age after age 40, the correlation between age and fear of crime would be _.
    A. Positive
    B. Negative
    C. Significant
    D. Curvilinear
  3. A null hypothesis in an ANOVA test will be rejected if __.
    A. Variance between groups is significantly larger than variance within groups
    B. Variance within groups is significantly larger than variance between groups
    C. The F-ratio is less than the critical F-value
    D. The observed frequencies are significantly different from the expected frequencies
  4. The shape of the t-distribution begins to more closely resemble the normal curve (z-distribution) as:
    A. Degrees of freedom decrease
    B. Degrees of freedom increase
    C. The obtained t-value increases
    D. The standard error of the difference between means decreases  
    Short Answer. Your answer must be at least 3 sentences long and written in complete sentences (5 points each).
  5. How is the logic of an ANOVA test similar to that of a t-test? Be sure to discuss how the equation for the obtained t-value is similar to the equation for the F-ratio.
  6. Why can’t we definitely conclude that two strongly correlated variables have a causal relationship? Use an example in your answer.
  7. Why do we convert sum of squares to mean squares when conducting an ANOVA?  
    For all questions involving calculations, you are required to show your work. If you don’t, I will take points off.
    For questions 8-12, use the following scenario.
    A researcher is interested in whether juvenile defendants who are released pending adjudication differ in terms of time to disposition compared to juveniles defendants who are detained. Released juveniles (N = 134) had a mean of 4.14 months to disposition (s = 3.77). Detained juveniles (N = 68) had a mean of 3.62 months to disposition (s = 4.25). Assuming equal population variances, conduct a t-test.
  8. State the null and research hypotheses. Write in full and complete sentences (4 points).
    Null:

Research:

  1. Calculate the standard error of the difference between means (4 points).
  2. Calculate the obtained t-value (5 points).
  3. Calculate the degrees of freedom and using a significance level of .01, obtain a critical t-value (3 points).
  4. Make a decision regarding the null hypothesis, explain how you came to this decision, and interpret your findings (5 points).

For questions 13-16, use the following scenario.
A researcher uses the JDCC (Juvenile Defendants in Criminal Courts) data to examine whether juvenile offenders charged with property crimes differ in terms of total number of charges compared to juvenile offenders charged with violent crimes. She conducts the t-test in SPSS and is willing to take a 5% risk of a false positive.

Independent Samples Test
Levene’s Test for Equality of Variances t-test for Equality of Means
F Sig. t df Sig. (2-tailed) Mean Difference Std. Error Difference 95% Confidence Interval of the Difference
Lower Upper
Total number of charges Equal variances assumed 34.081 .000 4.761 1293 .000 1.498 .315 .881 2.116
Equal variances not assumed 7.041 1287.925 .000 1.498 .213 1.081 1.916

  1. State the null and research hypotheses. Write in full and complete sentences (4 points).
    Null:

Research:

  1. What are the results of Levene’s test? (Note: do not just say pass or fail/reject or fail to reject. Say what we can or cannot assume) (3 points).
  2. State the obtained t-value for the t-test (3 points).
  3. Make a decision regarding the null hypothesis, explain how you made your decision, and interpret your findings (5 points).

For questions 17-26, use the following scenario.
In a sample of juvenile offenders sent to boot camp, a juvenile probation officer is examining the relationship between number of prior police contacts before participating in the boot camp and number of offenses after participating in the boot camp. Calculate the correlation coefficient and conduct a hypothesis test to examine whether there is a significant relationship between number of prior police contacts and number of subsequent offenses.
Number of Prior Police Contacts (X) Number of Offenses (Y)
3 2
4 5
7 4
1 0
0 1
0 3
5 4
3 5

  1. State the null and research hypotheses. Write in full and complete sentences (4 points).
    Null:

Research:

  1. Calculate the correlation coefficient for the relationship between number of prior police contacts and number of offenses (5 points).
    Number of Prior Police Contacts (X) Number of Offenses (Y) XY x2 y2
    3 2
    4 5
    7 4
    1 0
    0 1
    0 3
    5 4
    3 5
    x = y = xy = x2 = y2 =
  2. State the strength and the direction of the relationship between number of prior police contacts and number of offenses (4 points).
  3. Calculate the coefficient of determination. What percentage of the variation in number of offenses can be explained by number of prior police contacts? (4 points).
  4. Calculate the obtained t-value (5 points).
  5. Calculate the degrees of freedom and using a significance level of .05, obtain a critical t-value (3 points).
  6. Make a decision regarding the null hypothesis, explain how you came to this decision, and interpret your findings (5 points).
  7. Regardless of the conclusion of the hypothesis test, the juvenile probation officer wishes to create a regression line and use the number of prior police contacts to predict the number of subsequent offenses. Calculate the slope coefficient for this regression line (5 points).
    Number of Prior Police Contacts (X) Number of Offenses (Y) XY x2
    3 2
    4 5
    7 4
    1 0
    0 1
    0 3
    5 4
    3 5
    x = y = xy = x2 =
  8. Calculate the y-intercept for the regression line (4 points).
  9. What is the predicted number of offenses for a boot camp participant who had 2 prior police contacts before being sent to the boot camp? (3 points).

Sample Solution

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