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Joe Creel owned a NASCAR collectibles business named Joe’s Racing Collectibles. In 1994, Creel brought Arnold Lilly and Roy Artier into the business, which they reformed as a partnership named Joe’s Racing. Creel contributed as capital to the partnership inventory and supplies of the old business, valued at $15,000. Lilly and Artier each contributed $6,666 in cash to the partnership, and each paid $3,333 to Creel for his rights in the existing business. The partners agreed to share profits and losses with 52 percent going to Creel and 24 percent each to Lilly and Artier. Less than a year later, Creel died and his wife sought to receive the value of his interest in the partnership. An accountant valued the partnership at $44,589.44. The partnership’s creditors were the accountant for $875, Mrs. Creel $495, Lilly $2,187, and Artier $900. What was the value of the Creel’s partnership interest?
What must you do to effectively negotiate a contract that will earn the group a profit? What demographic information is needed? How will you capture what type of risk you will have in this contract in terms of cost of delivering care?
Given the potential for demographic fault lines in negotiating these changes, what would you advise as a strategy for managing diversity issues for program leaders?
In this chapter, we learned that the characteristics of services are intangibility, perishability, variability, and inseparability. Explain each of these characteristics in your own words and how they create challenges for marketing services.
q1. discuss the problems of measuring productivity in actual work situations. how might productivity be measured for
Some observers argue that the coming of electronic commerce on the Internet signals the arrival of a new era of global marketing, as online retailers of everything from books and music to soft- ware and outdoor gear make it possible to buy products w..
Identify and discuss some of the other factors that influenced the growth of social media. To get you started and pointed in the right direction, consider how the use of digital cameras, digital video cameras, cell phones with cameras, and portable d..
Use the algebraic form of the aggregate demand curve to find the level of GDP that occurs when the money supply is $900 billion and government spending is $1200 billion. Repeat all the previous calculations if government spending increased to $1300 b..
The cost curves of the firm. In terms of economies of scale, why would a firm sometimes want to expand output and sometimes not want to expand output.
You are the manager in charge of global operations at BankGlobal-a large commercial bank that operates in a number of countries around the world. You must decide whether or not to launch a new advertising campaign in the U.S. market. Your goal is to ..
An individual would suffer higher losses from an unexpectedly higher inflation rate if
“Pay for performance” schemes may take several forms. One is a piece rate scheme, in which there is an explicit mathematical formula that translates workers’ output into pay. (For example, a worker might be paid $5 per unit of out put he or she produ..
Draw a diagram that describes the circular flow model of the economy. Now modify it to include the role of the environment in sustaining economic production.
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