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Suppose you are an executive director of the top management team of an American multinational. As an executive with BUMET International Inc., suppose that you are recently promoted to the CEO of the Asian region, including Japan, Korea, China, Thailand, Vietnam, Indonesia, and Malaysia. This region encompasses the most important production facilities and supply chains for BUMET International with seven production facilities one each country and over 100,000 employees in total.Many of you have probably found these sites, but in case you haven't and are interested you may want to check the following site regarding the Hofstede national culture dimensions.(https://www.geerthofstede.nl/dimensions-of-national-cultures) On the left side you can get scores of each country, plus you can read more about the background of the national cultural dimensions. Also, on this page you can do some nifty side-by-side comparison of any two countries(https://geert-hofstede.com/china.html. Given the research, you would think the awareness of the cultural differences and adapting to them should be of paramount concern.In managing, how should you alter your management style based on Hofstede's four value dimensions? Do you think the company's corporate business culture and management style allows for flexibility in today's current environment? Can you share any additional specific examples on success and failures of firms relating to this concept? Can you think of any positive and negative results that can come from a culture first mentality? Support your comments with information from this week's lecture, readings and your research. Illustrate and reinforce your answer with practical examples.
The effects of this fiscal contraction on real interest rate, desired saving, desired investment, and the net export balance.
Consider the following utility function: U(X,Y) = max(X, 3Y) (a) draw the indifferent curve for this utility function. (b) find the Marshalian funtions for X and Y and the corresponding indirect utility function.
Why is economics considered a social science? What role does economics play in your personal and professional lives?
Compute the total cost of providing this insured service to the plan before and after the change in coverage.
Illustrate what role does economics play in your personal and organizations decisions. Give an example of the role of economics in decision making.
Graph the isoquant that these calculations imply. Explain in very clear and complete terms why the isoquant has the shape that you observe.
Define and explain the relationship between total revenue, average revenue, and marginal revenue for a monopolist. What is monopoly profit Should a monopolist produce quantities of product greater than which would maximize profiits
Assume there are 12 firms in an industry. The percentage of total sales is given in the following table:
Consider that demand elasticity is defined as the percentage change in quantity divided
Illustrate what were some of the major contributing factors and how did they combine to cause the recession. How were you affected by it.
Let B1(hat) and B2(hat) denote the estimated regression coefficients from a sample of size n for y = x1B1 + x2B2 + u. Show that b1 = B1(hat) + (X1TX1)-1X1TX2B2(hat) where b1 is the coefficient estimate from the regression of y on X1.
Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.
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