Effective Way to Identify Risks

Effective Way to Identify Risks

Order ID	53003233773
Type	Essay
Writer Level	Masters
Style	APA
Sources/References	4
Perfect Number of Pages to Order	5-10 Pages

Description/Paper Instructions

Effective Way to Identify Risks

Risky Situations

CMGT/400 Version 2

PAGE 1

University of Phoenix Material

Risky Situations

Identify three types of sensitive information involved with each situation. Then, describe three ways in which each information item could be misused or harmed. For each of these, note at least one likely finding that you would include in a risk analysis report of the organization. Finally, answer the questions at the end.

Situation 1 – Online Banking System
Information Affected	Potential Harm (Risk)	Likely Finding in Risk Analysis Report

 

Situation 2 – Facebook Page (organization or personal – specify which)
Information Affected	Potential Harm (Risk)	Likely Finding in Risk Analysis Report

 

Situation 3 – Picture Phones in the Workplace
Information Affected	Potential Harm (Risk)	Likely Finding in Risk Analysis Report

 

Situation 4 – E-Commerce Shopping Site
Information Affected	Potential Harm (Risk)	Likely Finding in Risk Analysis Report

 

Situation 5 – Real-World Application (such as CRM, ERP, other internal or external organizational systems – pick one and specify)
Information Affected	Potential Harm (Risk)	Likely Finding in Risk Analysis Report

Questions

1. What is the most effective way to identify risks like those you noted in the tables?
2. What are some important factors when weighing the depth of a formal risk analysis? How would you balance the interruption needed for depth and the need to continue ongoing organizational activity?
3. What should an organization’s risk management specialist do with the information once a potential risk has been identified? What information would be needed for senior management to know the danger of each risk and the proper way to handle the risk?
4. How would this specialist properly prioritize these risks to make sure the most important ones were mitigated first?
5. Who is responsible for ensuring that an identified risk is addressed by the organization? What role does the analyst play? What role does senior management play? What roles do the analyst and senior management each play in addressing organizational risks?

ECON104 HOMEWORK 5

 

ECON104 HOMEWORK 5

Instructions: Please show all work or points will be taken off. Good luck!

 

Initial Conditions (25 points total) 

Consider a firm that has the following relationship between labor and output, i.e., a production function.  Along this production function, we hold land, capital (K) and technology (total factor productivity) fixed.  Fill in the following table (5 points).

 

TABLE 1

 

L	Q	MPL	MRP	Marginal Profit	Total Profit
0	0	–	–	–	0
1	8
2	20
3	28
4	35
5	41
6	45

 

 

The current wage is $150 and the price of output (Q) = $20.[1]

(5 points for i through iv)

 

1. The profit maximizing output is _______.

 

1. The profit maximizing level of labor input is ________ workers.

 

iii.    The maximum profit for this firm is  __________.

1. What is the marginal revenue product of the 6^thworker? ___________
2. (10 points for correct and completely labeled diagram with points A, B, C, D) Draw the production function associated with the table above.  Note, labor (L) is the variable on the horizontal axis and output (Q) is the variable on the vertical axis and locate this initial point as point A.

 

1. (5 points) Now draw the W / MRP labor market diagram (associated with Table 1 above) as we did in lecture being sure to be clear on the areas that represent labor costs, MRP, and the marginal profit or loss – use the “smoothed out version” rather than the barchart version (use different colors if at all possible). You will need to draw a total of three of these ‘initial conditions W / MRP labor market’ diagrams (point A).

 

Be sure to watch the Homework 5 Explanation video in the Homework 5 folder in ANGEL for some guidance on the rest of the Homework Assignment.

 

We are now going to consider 3 different scenarios.  We treat each scenario as independent events. You will start off with a new W / MRP labor market diagram for each scenario with these same initial conditions.  Specifically, we start at point A and then depict and explain what happens when we go from scenario to scenario, much like we did in the lectures.   That is, once we evaluate each scenario, we return back to the original conditions and then consider the next scenario.

 

 

Scenario # 1: (25 points total).

Suppose that due to favorable economic conditions, the price that this firm can sell its product for rises to $22. Fill in the following table. Solve for the new profit  maximizing output and profit (5 points).

TABLE 2

 

L	Q	MPL	MRP	Marginal Profit	Total Profit
0	0	–	–	–	0
1	8
2	20
3	28
4	35
5	41
6	45

 

 

The current wage is $150 and the price of output (Q) = $22.

 

1. (5 points for i through iii)
2. The profit maximizing output is _______.
3. The profit maximizing level of labor input is ________ workers.

iii.      The maximum profit for this firm is  __________.

1. Locate this change in conditions as point B on the production function you drew in part 1b above.
2. (10 points for correct and completely labeled diagram with points A, B, C, and D) Now construct a supply curve as we did in lecture with point A representing the original price – output combination and point B representing the price – output combination after the change in economic conditions (after price rises to $22).[2]Make sure you label the graph completely including what we hold constant along the supply curve. Note, you will be adding points C and D to this diagram.

   Given the change in prices, identify point B on your W / MRP labor market diagram that you drew in part 1c.  Be sure to completely label your diagram as we do in the lectures.

3. (5 points) Explain exactly why the firm changes their behavior (hint, it might help to consider what the difference would be if they did not change their behavior).

 

 

Scenario # 2 (20 points total)

We return to the original conditions and now we let wages change.  In particular, let an increase in labor supply lowers the wage that the firm needs to pay to $130.  Fill in the table below (5 points).

 

TABLE 3

 

L	Q	MPL	MRP	Marginal Profit	Total Profit
0	0	–	–	–	0
1	8
2	20
3	28
4	35
5	41
6	45

 

 

The current wage is $130 and the price of output (Q) = $20.

 

1. (5 points for i though iii)
2. The profit maximizing output is _______.
3. The profit maximizing level of labor input is ________ workers.

iii.      The maximum profit for this firm is  __________.

1. Locate this change in conditions as point C on the production function you drew in part 2b above.
2. (5 points) Explain exactly why the firm changes their behavior (hint, it might help to consider what the difference would be if they did not change their behavior).
3. (5 points) Re – draw the W / MRP labor market diagram depicting initial conditions (i.e., point A) and now add the new conditions given the lower wage as point C.

   Now add point C to your supply curve diagram (don’t draw a new diagram) that you drew in part 2b),  being sure to label diagram completely.

 

 

4. Scenario # 3: (30 points total)
   In this final scenario, we return to our original conditions and consider a positive productivity shock, just like we did in the lectures.  In particular, let the MP_Lof each worker rise by two, due to  an increase in total factor productivity (denoted A), relative to the initial conditions. Fill in the following table (5 points) and answer the following questions.

 

TABLE 4

 

L	Q	MPL	MRP	Marginal Profit	Total Profit
0	0	–	–	–	0
1
2
3
4
5
6

 

 

The current wage is $150 and the price of output (Q) = $20.

1. (5 points i through iii)
2. The profit maximizing output is _______.
3. The profit maximizing level of labor input is ________ workers.

iii.      The maximum profit for this firm is  __________.

1. Locate this change in conditions as point D on the production function diagram you drew in part 1b).
2. (5 points) Explain exactly why the firm changes their behavior (hint, it might help to consider what the difference would be in terms of profit if they did not change their behavior).
3. (5 points) Re – draw the W / MRP labor market diagram depicting initial conditions (i.e., point A) and now add the new conditions given the increase in productivity as point D.

   Now add point D to your supply curve diagram (don’t draw a new diagram) that your drew in part 1b),  being sure to label diagram completely.

4. (10 points)  Suppose the workers bargain for and get a raise so that nominal wages rise to $170.  Re-calculate the maximum profits that this firm can achieve given he increase in productivity and nominal wages and compare to the original profits.  Also compare the level of labor, real wages, and output given these two changes relative to the original conditions.  Are these results consistent with the New Economy, why or why not?

 

 

 

[1] Note, we are assuming, as we did the lectures, that the firm is small relative to the market so that the firm is a price taker in the marketplace and the labor market. Put differently, the firm can sell as much as they want at the market (given)  price (P = $20) and hire all the labor it wants at the given wage (W = $150).

[2] We follow the lecture by identifying two points (A and B) and then connect the dots with a ruler implying a linear supply curve.  Even though this is probably not the case, the idea is to understand exactly why the supply curve slopes upward and not to worry about whether the slope is constant or not.

Effective Way to Identify Risks

RUBRIC QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points:  Student failed to submit the final paper. 20 points out of 50:  The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50:  The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately.  Elements of the required response may also be lacking. 40 points out of 50:  The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples.  The answer is complete. 50 points:  The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples.  No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points:  Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points:  Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points:  References to scholarly sources are occasionally given; many statements seem unsubstantiated.  Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points:  Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented.  APA 6th Edition is used with only a few minor errors.  There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points:  Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented.  APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points:  Student failed to submit the final paper. 5 points out of 20:  The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors  10 points out 20:  The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20:  The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points:  The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points:  Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements.  The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
GET THIS PROJECT NOW BY CLICKING ON THIS LINK TO PLACE THE ORDER CLICK ON THE LINK HERE:  https://gradebasket.com/orders/ordernow Also, you can place the order at www.collegepaper.us/orders/ordernow / www.phdwriters.us/orders/ordernow
Do You Have Any Other Essay/Assignment/Class Project/Homework Related to this? Click Here Now [CLICK ME] and Have It Done by Our PhD Qualified Writers!!

 

PLACE THE ORDER WITH US TODAY AND GET A PERFECT SCORE!!!