Author: chris

 

Identify a professional organization related to your desired role; report on the aims and activities of the organization. Also, describe the research interest of the organization. Submit the assessment in a 2- to 3-page Microsoft Word document.

 

Support your responses with examples.

 

Cite any sources in APA format.

 

Assignment 2 Grading Criteria	Maximum Points
Identified an organization related to your desired role. Provided the name of the organization and explained how it relates to your desired role.	32
Described the purpose of the organization.	32
Analyzed and explained the activities of the organization.	28
Analyzed and explained the research interests of the organization.	28

Review the following case scenario and answer the questions following the scenario.

Scenario: Burt is a New York City resident and Senior Vice President for Marketing for Consultants, Inc. Amy is a 16-year old paid part-time intern for Consultants, assigned to the Marketing department.

April 1, 2014, while Amy was working, Burt asked her to go to Tours, Inc. (Tours), a travel agency, and book a personal vacation trip for him in early June. He told Amy he wanted a 1-week, luxury all-inclusive (except air fare) vacation package at a 5-star hotel in Key West, FL. Burt told Amy he would book his own air reservations. He gave Amy a signed personal check made out to Tours, with the amount to be filled in by Amy for any necessary deposit, or, if required, for full payment. He also told Amy to sign any necessary agreements related to the vacation.

Amy went to Tours and met with Jan, a travel agent for Tours, who told Amy she had the perfect trip for Burt: an all-inclusive 7-day package vacation at the brand new oceanfront 5-star Key West Colony Hotel (Hotel) including meals, state of the art fitness facilities, round trip airfare from New York, and free airport shuttle service, at a total cost of $5000.

Amy agreed the trip was perfect for Burt and told Jan to make the reservations. Jan made reservations for Burt for June 1-June 8, 2014 at Hotel, and a round trip reservation from New York City to Key West on Transamerica Airlines for June 1, returning June 8. Amy filled in Burt’s check in the amount of $2500 to cover the required deposit and gave the check to Jan. Amy also signed the written agreement with Hotel on behalf of Burt, signing the agreement, “Amy Taylor as representative for Burt Basset.” The written agreement with Hotel outlined the details for the vacation package, including, in part:

“Cancellation Policy: cancellations prior to 30 days of first day of reservation date, fully refundable; cancellations prior to 15 days of first day of reservation date, 40% refundable; cancellations less than 7 days prior to first day of reservation date, nonrefundable…”

Amy returned to the office and gave Burt a copy of the agreement with Hotel, a receipt for his deposit check and brochures and information about the trip. Burt thanked Amy and told her he was “thrilled with all the arrangements” and looking forward to the trip.

Later that same day, Burt asked Amy to go to Jordon Department Store (Jordon) and purchase a 3-piece set of leather luggage for him to use for his vacation. Amy wrote down the brand, color, and model of the luggage Burt wanted; he had looked at the luggage previously and knew the details for the luggage. Burt knew the luggage set would cost $625 + tax so he gave Amy $700 in cash to pay for the luggage, and ask Jordon to deliver the luggage to his office.

Amy went to Jordon, purchased the exact luggage Burt wanted, paid $625.0O + $43.75 in tax for a total of $668.75. Amy took the sales receipt for the luggage, the cash change and confirmed Jordon would deliver the luggage to Burt’s office (a service Jordon extends to customers for purchases over $600.00) the next day.

Amy returned to the office, gave Burt the sales receipt for the luggage purchase and the change from the $700.00.  The sales receipt stated, in part:

“Return Policy: This merchandise may be returned in new and unused condition for a full refund within 30 days of purchase.   Unless determined to be defective, return of this merchandise in new and unused condition after 30 days of purchase will result in a store credit for the purchase amount. No cash, check or credit or debit card refunds will be given for returns after 30 days of purchase.”

Jordan delivered Burt’s luggage the next day to his office.

PART I: May 27, Burt sent written notice to Tours and Hotel that he was canceling his trip and reservations due to a personal matter and expected a full refund for his deposit. He included a stamped, self-addressed envelope for sending the refund to him. Tours and Hotel responded quickly, in writing, that under the terms of the contract, the deposit was non-refundable.

Burt hires you as his attorney to resolve this matter. He believes he has valid legal claims because he believes (1) the agency with Amy was invalid, (2)Tours had no authority to make reservations/contracts on his behalf, (3) his contract with Hotel is unenforceable.

Label your responses to the following as IA, IB, IC.

IA. What do you advise Burt about the validity of his agency agreement with Amy and her ability to bind him in contract and why? Explain your rationale in detail.

IB. What do you advise Burt about Tours’ authority to make reservations/contracts on his behalf and their authority to bind him in contract and why? Explain your rationale in detail.

IC. What do you advise Burt about his contract with Hotel and whether he can recover his deposit and why?

Label your responses to the following as IIA, IIB.

PART II: Burt attempted to return the set of luggage, still boxed and in new and unused condition, to Jordon for a full refund on May 28.  Jordon offered to give Burt a store credit for the amount of the purchase of $625.00 + $43.75 tax. Burt took the luggage with him and asked you, as his attorney, to also handle this matter on his behalf.

Burt believes he has a valid legal claim to receive a full cash refund because he believes the sale is invalid as it was subject to the Statute of Frauds and required a formal written agreement between Jordon and him.

IIA. What do you advise Burt about whether the Statute of Frauds applies to this agreement between Jordon and Burt and why?  Discuss the legal principals involved.

IIB. What do you advise Burt about whether the agreement between Jordan and Burt is a valid, enforceable sales agreement so that Burt should receive a full cash refund for the luggage – and why?

Use the text and you MAY use 1 -2 other outside resources to justify your analysis in any part(s) of the analysis

Select one (1) MNC that does not currently do business in China. Next, consider the steps that the company should consider in determining the feasibility of entering the Chinese market and establishing a market for its products or services there.

 

In addition to your own research, use the following links to conduct a country risk assessment (CRA) on China:

• Bureau of Economic Analysis:
• Transparency International Corruptions Perceptions Index:
• Ranking of Economies-World Bank:
• IMF Home Page:
• Country Risk Classificati
• World Trade Organization Home Page:

Focus on the following areas: corruption, political stability, exchange rate stability, regulatory oversight, freedom of the press, and rule of law. Research other factors that you believe you should evaluate. Additionally, consider the importance of culture in evaluating risk.

Then, go to the Hofstede Center’s Country Comparison cultural tool, located a Compare China to the U.S. on Hofstede’s six (6) key cultural dimensions scale by selecting “United States” from the “Comparison Country” drop-down menu.

 

Write an eight to ten (8-10) page paper in which you:

1. Summarize the business that you have chosen, and provide a two to three (2-3) paragraph justification as to why China would be a viable market for the selected business.
2. Examine the exchange rate of the U.S. dollar and the Chinese Yuan for the last 24 months. Explain the major overall changes that have occurred and speculate on the key economic variables that most likely have influenced the exchange rate movements. Provide a rationale for your response.
3. Analyze the major exchange rate risks associated with transaction and translation exposure within the Chinese market. Based on what you have gleaned from your analysis, predict the major changes that you believe will occur in the next 24 months. Justify your response.
4. Recommend key steps that the chosen MNC could take in order to mitigate or eliminate exchange rate risk. Suggest one (1) method that the MNC in question could use with derivatives in order to mitigate, or eliminate such risks. Provide a rationale for your response.
5. Recommend one (1) hedging technique geared toward managing the economic, transaction, and translation exposure in the Chinese market. Justify your response.
6. Conduct a country risk assessment to ascertain whether or not management should support the proposal for your chosen MNC to enter into the Chinese market. Based on Geert Hofstede’s six (6) dimensions of culture, predict three (3) likely problems posed by the cultural differences between the chosen MNC’s culture and the Chinese culture. Provide a rationale for your response.
7.  Use at least six (6) quality references, with at least two (2) from peer reviewed journal articles.

 

 

Your assignment must follow these formatting requirements:

• Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
• Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

 

The specific course learning outcomes associated with this assignment are:

• Evaluate the major international financial markets to determine effective methods for financing global business operations.
• Analyze the economic variables that influence exchange rate movements and equilibrium price to anticipate fluctuations, and minimize the negative impact on international business operations.
• Formulate strategies to use currency derivatives for foreign exchange risk management and for speculation by multinational corporations.
• Analyze the exchange rate risks associated with transaction, economic, and translation exposure in global markets, and develop risk management strategies to minimize the impact on international business operations.
• Apply a hedging technique to manage the risks of transaction, economic, and translation exposures.
• Use technology and information resources to research issues in international finance.

• Write clearly and concisely about international finance using proper writing mechanics.

 

Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric.

Points: 300	Assignment 1: MNC Enters China
Criteria	Unacceptable Below 70% F	Fair 70-79% C	Proficient 80-89% B	Exemplary 90-100% A
1. Summarize the business that you have chosen, and provide a two to three (2-3) paragraph justification as to why China would be a viable market for the selected business. Weight: 5%	Did not submit or incompletely summarized the business that you have chosen, and did not submit or incompletely provided a two to three (2-3) paragraph justification as to why China would be a viable market for the selected business.	Partially summarized the business that you have chosen, and partially provided a two to three (2-3) paragraph justification as to why China would be a viable market for the selected business.	Satisfactorily summarized the business that you have chosen, and satisfactorily provided a two to three (2-3) paragraph justification as to why China would be a viable market for the selected business.	Thoroughly summarized the business that you have chosen, and thoroughly provided a two to three (2-3) paragraph justification as to why China would be a viable market for the selected business.
2. Examine the exchange rate of the U.S. dollar and the Chinese Yuan for the last 24 months. Explain the major overall changes that have occurred and speculate on the key economic variables that most likely have influenced the exchange rate movements. Provide a rationale for your response. Weight: 15%	Did not submit or incompletely examined the exchange rate of the U.S. dollar and the Chinese Yuan for the last 24 months. Did not submit or incompletely explained the major overall changes that have occurred and did not submit or incompletely speculated on the key economic variables that most likely have influenced the exchange rate movements. Did not submit or incompletely provided a rationale for your response.	Partially examined the exchange rate of the U.S. dollar and the Chinese Yuan for the last 24 months. Partially explained the major overall changes that have occurred and partially speculated on the key economic variables that most likely have influenced the exchange rate movements. Partially provided a rationale for your response.	Satisfactorily examined the exchange rate of the U.S. dollar and the Chinese Yuan for the last 24 months. Satisfactorily explained the major overall changes that have occurred and satisfactorily speculated on the key economic variables that most likely have influenced the exchange rate movements. Satisfactorily provided a rationale for your response.	Thoroughly examined the exchange rate of the U.S. dollar and the Chinese Yuan for the last 24 months. Thoroughly explained the major overall changes that have occurred and thoroughly speculated on the key economic variables that most likely have influenced the exchange rate movements. Thoroughly provided a rationale for your response.
3. Analyze the major exchange rate risks associated with transaction and translation exposure within the Chinese market. Based on what you have gleaned from your analysis, predict the major changes that you believe will occur in the next 24 months. Justify your response. Weight: 15%	Did not submit or incompletely analyzed the major exchange rate risks associated with transaction and translation exposure within the Chinese market. Did not submit or incompletely predicted the major changes that you believe will occur in the next 24 months based on what you have gleaned from your analysis. Did not submit or incompletely justified your response.	Partially analyzed the major exchange rate risks associated with transaction and translation exposure within the Chinese market.  Partially predicted the major changes that you believe will occur in the next 24 months based on what you have gleaned from your analysis. Partially justified your response.	Satisfactorily analyzed the major exchange rate risks associated with transaction and translation exposure within the Chinese market. Satisfactorily predicted the major changes that you believe will occur in the next 24 months based on what you have gleaned from your analysis. Satisfactorily justified your response.	Thoroughly analyzed the major exchange rate risks associated with transaction and translation exposure within the Chinese market. Thoroughly predicted the major changes that you believe will occur in the next 24 months based on what you have gleaned from your analysis. Thoroughly justified your response.
4. Recommend key steps that the chosen MNC could take in order to mitigate or eliminate exchange rate risk. Suggest one (1) method that the MNC in question could use with derivatives in order to mitigate, or eliminate such risks. Provide a rationale for your response. Weight: 15%	Did not submit or incompletely recommended key steps that the chosen MNC could take in order to mitigate or eliminate exchange rate risk. Did not submit or incompletely suggested one (1) method that the MNC in question could use with derivatives in order to mitigate, or eliminate such risks. Did not submit or incompletely provided a rationale for your response.	Partially recommended key steps that the chosen MNC could take in order to mitigate or eliminate exchange rate risk. Partially suggested one (1) method that the MNC in question could use with derivatives in order to mitigate, or eliminate such risks. Partially provided a rationale for your response.	Satisfactorily recommended key steps that the chosen MNC could take in order to mitigate or eliminate exchange rate risk. Satisfactorily suggested one (1) method that the MNC in question could use with derivatives in order to mitigate, or eliminate such risks. Satisfactorily provided a rationale for your response.	Thoroughly recommended key steps that the chosen MNC could take in order to mitigate or eliminate exchange rate risk. Thoroughly suggested one (1) method that the MNC in question could use with derivatives in order to mitigate, or eliminate such risks. Thoroughly provided a rationale for your response.
5. Recommend one (1) hedging technique geared toward managing the economic, transaction, and translation exposure in the Chinese market. Justify your response. Weight: 10%	Did not submit or incompletely recommended one (1) hedging technique geared toward managing the economic, transaction, and translation exposure in the Chinese market. Did not submit or incompletely justified your response.	Partially recommended one (1) hedging technique geared toward managing the economic, transaction, and translation exposure in the Chinese market. Partially justified your response.	Satisfactorily recommended one (1) hedging technique geared toward managing the economic, transaction, and translation exposure in the Chinese market. Satisfactorily justified your response.	Thoroughly recommended one (1) hedging technique geared toward managing the economic, transaction, and translation exposure in the Chinese market. Thoroughly justified your response.
6. Conduct a country risk assessment to ascertain whether or not management should support the proposal for your chosen MNC to enter into the Chinese market. Based on Geert Hofstede’s six (6) dimensions of culture, predict three (3) likely problems posed by the cultural differences between the chosen MNC’s culture and the Chinese culture. Provide a rationale for your response. Weight: 15%	Did not submit or incompletely conducted a country risk assessment to ascertain whether or not management should support the proposal for your chosen MNC to enter into the Chinese market. Did not submit or incompletely predicted three (3) likely problems posed by the cultural differences between the chosen MNC’s culture and the Chinese culture based on Geert Hofstede’s six (6) dimensions of culture. Did not submit or incompletely provided a rationale for your response.	Partially conducted a country risk assessment to ascertain whether or not management should support the proposal for your chosen MNC to enter into the Chinese market. Partially predicted three (3) likely problems posed by the cultural differences between the chosen MNC’s culture and the Chinese culture based on Geert Hofstede’s six (6) dimensions of culture. Partially provided a rationale for your response.	Satisfactorily conducted a country risk assessment to ascertain whether or not management should support the proposal for your chosen MNC to enter into the Chinese market. Satisfactorily predicted three (3) likely problems posed by the cultural differences between the chosen MNC’s culture and the Chinese culture based on Geert Hofstede’s six (6) dimensions of culture. Satisfactorily provided a rationale for your response.	Thoroughly conducted a country risk assessment to ascertain whether or not management should support the proposal for your chosen MNC to enter into the Chinese market. Thoroughly predicted three (3) likely problems posed by the cultural differences between the chosen MNC’s culture and the Chinese culture based on Geert Hofstede’s six (6) dimensions of culture. Thoroughly provided a rationale for your response.
7. 6 references Weight: 5%	No references provided.	Does not meet the required number of references; some or all references poor quality choices.	Meets number of required references; all references high quality choices.	Exceeds number of required references; all references high quality choices.
8. Writing Mechanics, Grammar, and Formatting Weight: 5%	Serious and persistent errors in grammar, spelling, punctuation, or formatting.	Partially free of errors in grammar, spelling, punctuation, or formatting.	Mostly free of errors in grammar, spelling, punctuation, or formatting.	Error free or almost error free grammar, spelling, punctuation, or formatting.
9. Appropriate use of APA in-text citations and  reference section Weight: 5%	Lack of in-text citations and / or lack of reference section.	In-text citations and references are provided, but they are only partially formatted correctly in APA style.		In-text citations and references are error free or almost error free and consistently formatted correctly in APA style.
10. Information Literacy / Integration of Sources Weight: 5%	Serious errors in the integration of sources, such as intentional or accidental plagiarism, or failure to use in-text citations.		Sources are mostly integrated using effective techniques of quoting, paraphrasing, and summarizing.	Sources are consistently integrated using effective techniques of quoting, paraphrasing, and summarizing.
11. Clarity and Coherence of Writing Weight: 5%	Information is confusing to the reader and fails to include reasons and evidence that logically support ideas	Information is partially clear with minimal reasons and evidence that logically support ideas

Select one (1) MNC that does not currently do business in China. Next, consider the steps that the company should consider in determining the feasibility of entering the Chinese market and establishing a market for its products or services there.

 

In addition to your own research, use the following links to conduct a country risk assessment (CRA) on China:

• Bureau of Economic Analysis: www.bea.gov
• Transparency International Corruptions Perceptions Index: http://www.transparency.org/cpi2013/results
• Ranking of Economies-World Bank: http://www.doingbusiness.org/rankings
• IMF Home Page: http://www.imf.org/external/index.htm
• Country Risk Classification-OECD: http://www.oecd.org/tad/xcred/crc.htm
• World Trade Organization Home Page: http://www.wto.org/
• “Industry Analysis: Recreation” article: http://www.valueline.com/Stocks/Industries/Industry_Analysis__Recreation.aspx

Focus on the following areas: corruption, political stability, exchange rate stability, regulatory oversight, freedom of the press, and rule of law. Research other factors that you believe you should evaluate. Additionally, consider the importance of culture in evaluating risk.

Then, go to the Hofstede Center’s Country Comparison cultural tool, located at http://geert-hofstede.com/china.html. Compare China to the U.S. on Hofstede’s six (6) key cultural dimensions scale by selecting “United States” from the “Comparison Country” drop-down menu.

 

Write an eight to ten (8-10) page paper in which you:

1. Summarize the business that you have chosen, and provide a two to three (2-3) paragraph justification as to why China would be a viable market for the selected business.
2. Examine the exchange rate of the U.S. dollar and the Chinese Yuan for the last 24 months. Explain the major overall changes that have occurred and speculate on the key economic variables that most likely have influenced the exchange rate movements. Provide a rationale for your response.
3. Analyze the major exchange rate risks associated with transaction and translation exposure within the Chinese market. Based on what you have gleaned from your analysis, predict the major changes that you believe will occur in the next 24 months. Justify your response.
4. Recommend key steps that the chosen MNC could take in order to mitigate or eliminate exchange rate risk. Suggest one (1) method that the MNC in question could use with derivatives in order to mitigate, or eliminate such risks. Provide a rationale for your response.
5. Recommend one (1) hedging technique geared toward managing the economic, transaction, and translation exposure in the Chinese market. Justify your response.
6. Conduct a country risk assessment to ascertain whether or not management should support the proposal for your chosen MNC to enter into the Chinese market. Based on Geert Hofstede’s six (6) dimensions of culture, predict three (3) likely problems posed by the cultural differences between the chosen MNC’s culture and the Chinese culture. Provide a rationale for your response.
7.  Use at least six (6) quality references, with at least two (2) from peer reviewed journal articles.

 

 

Your assignment must follow these formatting requirements:

• Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
• Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

 

The specific course learning outcomes associated with this assignment are:

• Evaluate the major international financial markets to determine effective methods for financing global business operations.
• Analyze the economic variables that influence exchange rate movements and equilibrium price to anticipate fluctuations, and minimize the negative impact on international business operations.
• Formulate strategies to use currency derivatives for foreign exchange risk management and for speculation by multinational corporations.
• Analyze the exchange rate risks associated with transaction, economic, and translation exposure in global markets, and develop risk management strategies to minimize the impact on international business operations.
• Apply a hedging technique to manage the risks of transaction, economic, and translation exposures.
• Use technology and information resources to research issues in international finance.

• Write clearly and concisely about international finance using proper writing mechanics.

 

Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric.

Points: 300	Assignment 1: MNC Enters China
Criteria	Unacceptable Below 70% F	Fair 70-79% C	Proficient 80-89% B	Exemplary 90-100% A
1. Summarize the business that you have chosen, and provide a two to three (2-3) paragraph justification as to why China would be a viable market for the selected business. Weight: 5%	Did not submit or incompletely summarized the business that you have chosen, and did not submit or incompletely provided a two to three (2-3) paragraph justification as to why China would be a viable market for the selected business.	Partially summarized the business that you have chosen, and partially provided a two to three (2-3) paragraph justification as to why China would be a viable market for the selected business.	Satisfactorily summarized the business that you have chosen, and satisfactorily provided a two to three (2-3) paragraph justification as to why China would be a viable market for the selected business.	Thoroughly summarized the business that you have chosen, and thoroughly provided a two to three (2-3) paragraph justification as to why China would be a viable market for the selected business.
2. Examine the exchange rate of the U.S. dollar and the Chinese Yuan for the last 24 months. Explain the major overall changes that have occurred and speculate on the key economic variables that most likely have influenced the exchange rate movements. Provide a rationale for your response. Weight: 15%	Did not submit or incompletely examined the exchange rate of the U.S. dollar and the Chinese Yuan for the last 24 months. Did not submit or incompletely explained the major overall changes that have occurred and did not submit or incompletely speculated on the key economic variables that most likely have influenced the exchange rate movements. Did not submit or incompletely provided a rationale for your response.	Partially examined the exchange rate of the U.S. dollar and the Chinese Yuan for the last 24 months. Partially explained the major overall changes that have occurred and partially speculated on the key economic variables that most likely have influenced the exchange rate movements. Partially provided a rationale for your response.	Satisfactorily examined the exchange rate of the U.S. dollar and the Chinese Yuan for the last 24 months. Satisfactorily explained the major overall changes that have occurred and satisfactorily speculated on the key economic variables that most likely have influenced the exchange rate movements. Satisfactorily provided a rationale for your response.	Thoroughly examined the exchange rate of the U.S. dollar and the Chinese Yuan for the last 24 months. Thoroughly explained the major overall changes that have occurred and thoroughly speculated on the key economic variables that most likely have influenced the exchange rate movements. Thoroughly provided a rationale for your response.
3. Analyze the major exchange rate risks associated with transaction and translation exposure within the Chinese market. Based on what you have gleaned from your analysis, predict the major changes that you believe will occur in the next 24 months. Justify your response. Weight: 15%	Did not submit or incompletely analyzed the major exchange rate risks associated with transaction and translation exposure within the Chinese market. Did not submit or incompletely predicted the major changes that you believe will occur in the next 24 months based on what you have gleaned from your analysis. Did not submit or incompletely justified your response.	Partially analyzed the major exchange rate risks associated with transaction and translation exposure within the Chinese market.  Partially predicted the major changes that you believe will occur in the next 24 months based on what you have gleaned from your analysis. Partially justified your response.	Satisfactorily analyzed the major exchange rate risks associated with transaction and translation exposure within the Chinese market. Satisfactorily predicted the major changes that you believe will occur in the next 24 months based on what you have gleaned from your analysis. Satisfactorily justified your response.	Thoroughly analyzed the major exchange rate risks associated with transaction and translation exposure within the Chinese market. Thoroughly predicted the major changes that you believe will occur in the next 24 months based on what you have gleaned from your analysis. Thoroughly justified your response.
4. Recommend key steps that the chosen MNC could take in order to mitigate or eliminate exchange rate risk. Suggest one (1) method that the MNC in question could use with derivatives in order to mitigate, or eliminate such risks. Provide a rationale for your response. Weight: 15%	Did not submit or incompletely recommended key steps that the chosen MNC could take in order to mitigate or eliminate exchange rate risk. Did not submit or incompletely suggested one (1) method that the MNC in question could use with derivatives in order to mitigate, or eliminate such risks. Did not submit or incompletely provided a rationale for your response.	Partially recommended key steps that the chosen MNC could take in order to mitigate or eliminate exchange rate risk. Partially suggested one (1) method that the MNC in question could use with derivatives in order to mitigate, or eliminate such risks. Partially provided a rationale for your response.	Satisfactorily recommended key steps that the chosen MNC could take in order to mitigate or eliminate exchange rate risk. Satisfactorily suggested one (1) method that the MNC in question could use with derivatives in order to mitigate, or eliminate such risks. Satisfactorily provided a rationale for your response.	Thoroughly recommended key steps that the chosen MNC could take in order to mitigate or eliminate exchange rate risk. Thoroughly suggested one (1) method that the MNC in question could use with derivatives in order to mitigate, or eliminate such risks. Thoroughly provided a rationale for your response.
5. Recommend one (1) hedging technique geared toward managing the economic, transaction, and translation exposure in the Chinese market. Justify your response. Weight: 10%	Did not submit or incompletely recommended one (1) hedging technique geared toward managing the economic, transaction, and translation exposure in the Chinese market. Did not submit or incompletely justified your response.	Partially recommended one (1) hedging technique geared toward managing the economic, transaction, and translation exposure in the Chinese market. Partially justified your response.	Satisfactorily recommended one (1) hedging technique geared toward managing the economic, transaction, and translation exposure in the Chinese market. Satisfactorily justified your response.	Thoroughly recommended one (1) hedging technique geared toward managing the economic, transaction, and translation exposure in the Chinese market. Thoroughly justified your response.
6. Conduct a country risk assessment to ascertain whether or not management should support the proposal for your chosen MNC to enter into the Chinese market. Based on Geert Hofstede’s six (6) dimensions of culture, predict three (3) likely problems posed by the cultural differences between the chosen MNC’s culture and the Chinese culture. Provide a rationale for your response. Weight: 15%	Did not submit or incompletely conducted a country risk assessment to ascertain whether or not management should support the proposal for your chosen MNC to enter into the Chinese market. Did not submit or incompletely predicted three (3) likely problems posed by the cultural differences between the chosen MNC’s culture and the Chinese culture based on Geert Hofstede’s six (6) dimensions of culture. Did not submit or incompletely provided a rationale for your response.	Partially conducted a country risk assessment to ascertain whether or not management should support the proposal for your chosen MNC to enter into the Chinese market. Partially predicted three (3) likely problems posed by the cultural differences between the chosen MNC’s culture and the Chinese culture based on Geert Hofstede’s six (6) dimensions of culture. Partially provided a rationale for your response.	Satisfactorily conducted a country risk assessment to ascertain whether or not management should support the proposal for your chosen MNC to enter into the Chinese market. Satisfactorily predicted three (3) likely problems posed by the cultural differences between the chosen MNC’s culture and the Chinese culture based on Geert Hofstede’s six (6) dimensions of culture. Satisfactorily provided a rationale for your response.	Thoroughly conducted a country risk assessment to ascertain whether or not management should support the proposal for your chosen MNC to enter into the Chinese market. Thoroughly predicted three (3) likely problems posed by the cultural differences between the chosen MNC’s culture and the Chinese culture based on Geert Hofstede’s six (6) dimensions of culture. Thoroughly provided a rationale for your response.
7. 6 references Weight: 5%	No references provided.	Does not meet the required number of references; some or all references poor quality choices.	Meets number of required references; all references high quality choices.	Exceeds number of required references; all references high quality choices.
8. Writing Mechanics, Grammar, and Formatting Weight: 5%	Serious and persistent errors in grammar, spelling, punctuation, or formatting.	Partially free of errors in grammar, spelling, punctuation, or formatting.	Mostly free of errors in grammar, spelling, punctuation, or formatting.	Error free or almost error free grammar, spelling, punctuation, or formatting.
9. Appropriate use of APA in-text citations and  reference section Weight: 5%	Lack of in-text citations and / or lack of reference section.	In-text citations and references are provided, but they are only partially formatted correctly in APA style.		In-text citations and references are error free or almost error free and consistently formatted correctly in APA style.
10. Information Literacy / Integration of Sources Weight: 5%	Serious errors in the integration of sources, such as intentional or accidental plagiarism, or failure to use in-text citations.		Sources are mostly integrated using effective techniques of quoting, paraphrasing, and summarizing.	Sources are consistently integrated using effective techniques of quoting, paraphrasing, and summarizing.
11. Clarity and Coherence of Writing Weight: 5%	Information is confusing to the reader and fails to include reasons and evidence that logically support ideas	Information is partially clear with minimal reasons and evidence that logically support ideas

Select one (1) MNC that does not currently do business in China. Next, consider the steps that the company should consider in determining the feasibility of entering the Chinese market and establishing a market for its products or services there.

 

In addition to your own research, use the following links to conduct a country risk assessment (CRA) on China:

• Bureau of Economic Analysis: www.bea.gov
• Transparency International Corruptions Perceptions Index: http://www.transparency.org/cpi2013/results
• Ranking of Economies-World Bank: http://www.doingbusiness.org/rankings
• IMF Home Page: http://www.imf.org/external/index.htm
• Country Risk Classification-OECD: http://www.oecd.org/tad/xcred/crc.htm
• World Trade Organization Home Page: http://www.wto.org/
• “Industry Analysis: Recreation” article: http://www.valueline.com/Stocks/Industries/Industry_Analysis__Recreation.aspx

Focus on the following areas: corruption, political stability, exchange rate stability, regulatory oversight, freedom of the press, and rule of law. Research other factors that you believe you should evaluate. Additionally, consider the importance of culture in evaluating risk.

Then, go to the Hofstede Center’s Country Comparison cultural tool, located at http://geert-hofstede.com/china.html. Compare China to the U.S. on Hofstede’s six (6) key cultural dimensions scale by selecting “United States” from the “Comparison Country” drop-down menu.

 

Write an eight to ten (8-10) page paper in which you:

1. Summarize the business that you have chosen, and provide a two to three (2-3) paragraph justification as to why China would be a viable market for the selected business.
2. Examine the exchange rate of the U.S. dollar and the Chinese Yuan for the last 24 months. Explain the major overall changes that have occurred and speculate on the key economic variables that most likely have influenced the exchange rate movements. Provide a rationale for your response.
3. Analyze the major exchange rate risks associated with transaction and translation exposure within the Chinese market. Based on what you have gleaned from your analysis, predict the major changes that you believe will occur in the next 24 months. Justify your response.
4. Recommend key steps that the chosen MNC could take in order to mitigate or eliminate exchange rate risk. Suggest one (1) method that the MNC in question could use with derivatives in order to mitigate, or eliminate such risks. Provide a rationale for your response.
5. Recommend one (1) hedging technique geared toward managing the economic, transaction, and translation exposure in the Chinese market. Justify your response.
6. Conduct a country risk assessment to ascertain whether or not management should support the proposal for your chosen MNC to enter into the Chinese market. Based on Geert Hofstede’s six (6) dimensions of culture, predict three (3) likely problems posed by the cultural differences between the chosen MNC’s culture and the Chinese culture. Provide a rationale for your response.
7.  Use at least six (6) quality references, with at least two (2) from peer reviewed journal articles.

 

 

Your assignment must follow these formatting requirements:

• Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
• Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

 

The specific course learning outcomes associated with this assignment are:

• Evaluate the major international financial markets to determine effective methods for financing global business operations.
• Analyze the economic variables that influence exchange rate movements and equilibrium price to anticipate fluctuations, and minimize the negative impact on international business operations.
• Formulate strategies to use currency derivatives for foreign exchange risk management and for speculation by multinational corporations.
• Analyze the exchange rate risks associated with transaction, economic, and translation exposure in global markets, and develop risk management strategies to minimize the impact on international business operations.
• Apply a hedging technique to manage the risks of transaction, economic, and translation exposures.
• Use technology and information resources to research issues in international finance.

• Write clearly and concisely about international finance using proper writing mechanics.

 

Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric.

Points: 300	Assignment 1: MNC Enters China
Criteria	Unacceptable Below 70% F	Fair 70-79% C	Proficient 80-89% B	Exemplary 90-100% A
1. Summarize the business that you have chosen, and provide a two to three (2-3) paragraph justification as to why China would be a viable market for the selected business. Weight: 5%	Did not submit or incompletely summarized the business that you have chosen, and did not submit or incompletely provided a two to three (2-3) paragraph justification as to why China would be a viable market for the selected business.	Partially summarized the business that you have chosen, and partially provided a two to three (2-3) paragraph justification as to why China would be a viable market for the selected business.	Satisfactorily summarized the business that you have chosen, and satisfactorily provided a two to three (2-3) paragraph justification as to why China would be a viable market for the selected business.	Thoroughly summarized the business that you have chosen, and thoroughly provided a two to three (2-3) paragraph justification as to why China would be a viable market for the selected business.
2. Examine the exchange rate of the U.S. dollar and the Chinese Yuan for the last 24 months. Explain the major overall changes that have occurred and speculate on the key economic variables that most likely have influenced the exchange rate movements. Provide a rationale for your response. Weight: 15%	Did not submit or incompletely examined the exchange rate of the U.S. dollar and the Chinese Yuan for the last 24 months. Did not submit or incompletely explained the major overall changes that have occurred and did not submit or incompletely speculated on the key economic variables that most likely have influenced the exchange rate movements. Did not submit or incompletely provided a rationale for your response.	Partially examined the exchange rate of the U.S. dollar and the Chinese Yuan for the last 24 months. Partially explained the major overall changes that have occurred and partially speculated on the key economic variables that most likely have influenced the exchange rate movements. Partially provided a rationale for your response.	Satisfactorily examined the exchange rate of the U.S. dollar and the Chinese Yuan for the last 24 months. Satisfactorily explained the major overall changes that have occurred and satisfactorily speculated on the key economic variables that most likely have influenced the exchange rate movements. Satisfactorily provided a rationale for your response.	Thoroughly examined the exchange rate of the U.S. dollar and the Chinese Yuan for the last 24 months. Thoroughly explained the major overall changes that have occurred and thoroughly speculated on the key economic variables that most likely have influenced the exchange rate movements. Thoroughly provided a rationale for your response.
3. Analyze the major exchange rate risks associated with transaction and translation exposure within the Chinese market. Based on what you have gleaned from your analysis, predict the major changes that you believe will occur in the next 24 months. Justify your response. Weight: 15%	Did not submit or incompletely analyzed the major exchange rate risks associated with transaction and translation exposure within the Chinese market. Did not submit or incompletely predicted the major changes that you believe will occur in the next 24 months based on what you have gleaned from your analysis. Did not submit or incompletely justified your response.	Partially analyzed the major exchange rate risks associated with transaction and translation exposure within the Chinese market.  Partially predicted the major changes that you believe will occur in the next 24 months based on what you have gleaned from your analysis. Partially justified your response.	Satisfactorily analyzed the major exchange rate risks associated with transaction and translation exposure within the Chinese market. Satisfactorily predicted the major changes that you believe will occur in the next 24 months based on what you have gleaned from your analysis. Satisfactorily justified your response.	Thoroughly analyzed the major exchange rate risks associated with transaction and translation exposure within the Chinese market. Thoroughly predicted the major changes that you believe will occur in the next 24 months based on what you have gleaned from your analysis. Thoroughly justified your response.
4. Recommend key steps that the chosen MNC could take in order to mitigate or eliminate exchange rate risk. Suggest one (1) method that the MNC in question could use with derivatives in order to mitigate, or eliminate such risks. Provide a rationale for your response. Weight: 15%	Did not submit or incompletely recommended key steps that the chosen MNC could take in order to mitigate or eliminate exchange rate risk. Did not submit or incompletely suggested one (1) method that the MNC in question could use with derivatives in order to mitigate, or eliminate such risks. Did not submit or incompletely provided a rationale for your response.	Partially recommended key steps that the chosen MNC could take in order to mitigate or eliminate exchange rate risk. Partially suggested one (1) method that the MNC in question could use with derivatives in order to mitigate, or eliminate such risks. Partially provided a rationale for your response.	Satisfactorily recommended key steps that the chosen MNC could take in order to mitigate or eliminate exchange rate risk. Satisfactorily suggested one (1) method that the MNC in question could use with derivatives in order to mitigate, or eliminate such risks. Satisfactorily provided a rationale for your response.	Thoroughly recommended key steps that the chosen MNC could take in order to mitigate or eliminate exchange rate risk. Thoroughly suggested one (1) method that the MNC in question could use with derivatives in order to mitigate, or eliminate such risks. Thoroughly provided a rationale for your response.
5. Recommend one (1) hedging technique geared toward managing the economic, transaction, and translation exposure in the Chinese market. Justify your response. Weight: 10%	Did not submit or incompletely recommended one (1) hedging technique geared toward managing the economic, transaction, and translation exposure in the Chinese market. Did not submit or incompletely justified your response.	Partially recommended one (1) hedging technique geared toward managing the economic, transaction, and translation exposure in the Chinese market. Partially justified your response.	Satisfactorily recommended one (1) hedging technique geared toward managing the economic, transaction, and translation exposure in the Chinese market. Satisfactorily justified your response.	Thoroughly recommended one (1) hedging technique geared toward managing the economic, transaction, and translation exposure in the Chinese market. Thoroughly justified your response.
6. Conduct a country risk assessment to ascertain whether or not management should support the proposal for your chosen MNC to enter into the Chinese market. Based on Geert Hofstede’s six (6) dimensions of culture, predict three (3) likely problems posed by the cultural differences between the chosen MNC’s culture and the Chinese culture. Provide a rationale for your response. Weight: 15%	Did not submit or incompletely conducted a country risk assessment to ascertain whether or not management should support the proposal for your chosen MNC to enter into the Chinese market. Did not submit or incompletely predicted three (3) likely problems posed by the cultural differences between the chosen MNC’s culture and the Chinese culture based on Geert Hofstede’s six (6) dimensions of culture. Did not submit or incompletely provided a rationale for your response.	Partially conducted a country risk assessment to ascertain whether or not management should support the proposal for your chosen MNC to enter into the Chinese market. Partially predicted three (3) likely problems posed by the cultural differences between the chosen MNC’s culture and the Chinese culture based on Geert Hofstede’s six (6) dimensions of culture. Partially provided a rationale for your response.	Satisfactorily conducted a country risk assessment to ascertain whether or not management should support the proposal for your chosen MNC to enter into the Chinese market. Satisfactorily predicted three (3) likely problems posed by the cultural differences between the chosen MNC’s culture and the Chinese culture based on Geert Hofstede’s six (6) dimensions of culture. Satisfactorily provided a rationale for your response.	Thoroughly conducted a country risk assessment to ascertain whether or not management should support the proposal for your chosen MNC to enter into the Chinese market. Thoroughly predicted three (3) likely problems posed by the cultural differences between the chosen MNC’s culture and the Chinese culture based on Geert Hofstede’s six (6) dimensions of culture. Thoroughly provided a rationale for your response.
7. 6 references Weight: 5%	No references provided.	Does not meet the required number of references; some or all references poor quality choices.	Meets number of required references; all references high quality choices.	Exceeds number of required references; all references high quality choices.
8. Writing Mechanics, Grammar, and Formatting Weight: 5%	Serious and persistent errors in grammar, spelling, punctuation, or formatting.	Partially free of errors in grammar, spelling, punctuation, or formatting.	Mostly free of errors in grammar, spelling, punctuation, or formatting.	Error free or almost error free grammar, spelling, punctuation, or formatting.
9. Appropriate use of APA in-text citations and  reference section Weight: 5%	Lack of in-text citations and / or lack of reference section.	In-text citations and references are provided, but they are only partially formatted correctly in APA style.		In-text citations and references are error free or almost error free and consistently formatted correctly in APA style.
10. Information Literacy / Integration of Sources Weight: 5%	Serious errors in the integration of sources, such as intentional or accidental plagiarism, or failure to use in-text citations.		Sources are mostly integrated using effective techniques of quoting, paraphrasing, and summarizing.	Sources are consistently integrated using effective techniques of quoting, paraphrasing, and summarizing.
11. Clarity and Coherence of Writing Weight: 5%	Information is confusing to the reader and fails to include reasons and evidence that logically support ideas	Information is partially clear with minimal reasons and evidence that logically support ideas

Considering your chosen topic answer the following questions related to stakeholders:

Write a three to four (3-4) page paper in which you address the following:

 

1. Identify the Internal and External Stakeholders.

1. Discuss how internal or external stakeholders have influenced the situation in a positive or negative way?

1. How will you consider stakeholders in your solution to the problem?

1. How will you motivate individuals to buy into your solution?

1. Use at least three (3) quality references. Note: Wikipedia and other Websites do not qualify as academic resources.

Your assignment must follow these formatting requirements:

 

• Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.

• Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

 

• Consider personnel and stakeholders and how they influence decision making.

• Use technology and information resources to research issues in criminal justice.

• Write clearly and concisely about criminal justice using proper writing mechanics.

Suppose adults have the demand curve p=30-(2/5) quantity for tickets to local community theater. Children have a demand curve of p=10-(1/5) quantity. Furthermore, marginal cost = average cost = 4

1) Determine the price charged and number of tickets sold in each separate market. Draw a graph for each market.

2) Determine the total consumer surplus and the total producer surplus; Label these areas on your Graph.

3) Now, assume the theater wants to charge a single, uniform price in both markets. Draw a graph of the combined demand, and show the uniform price charged and total amount sold as well as the total consumer and producer surplus.

4) Determine consumer surplus, producer surplus with a uniform price. Label these areas on the graph.

Part 2: Application Create your own 3 question Entertainment or using this General Opinion Survey (http://www.zoomerang.com/) or another free survey program or this link (http://www.surveymonkey.com/). Secure a minimum of 20 responses. Your survey respondents may be friends, family or classmates. (NOTE: The small sample size was chosen for convenience and as you know is not a valid sample. The goal is for you to create, deploy and analyze a simple survey.) Create Excel charts of your results and describe those charts in words. (You will receive no credit for charts that are copied from the survey software.) Include a copy of your survey Provide charts of your results and describe those charts in words Explain how the results of your survey can be used by a media group or company This section of the paper will contain 1 page of text and 3 charts.

Provide charts of your results and describe the 3 charts in words.

Application: Results – Chart 1

Provide charts of your results and describe the 3 charts in words.

Application: Results – Chart 3

Provide charts of your results and describe the 3 charts in words.

Application: Surveys and Business

Explain how the results of your survey can be used by a media group or company.

Conclusion

Problem Situation: The CEO of your company has asked you, the human resource manager, to conduct a study to determine whether or not male managers and female managers perceive leadership styles differently and, if differences are found, to develop a training program that will benefit gender differences in leadership. To this end you selected, randomly, 10 male managers and 10 female managers to participate in your study. To each manager a leadership style survey questionnaire was administered. The questionnaire chosen was the Blake & Mouton Managerial Grid as it assesses leadership behavior. The numeric raw data results of the 18 question study are as follows:

Raw Numeric Questionnaire Data

Question 1 2 3 4 5 6 7 8 9

Male 4 4.6 3.2 3.9 4.2 3.7 4.1 4.5 3.5

Female 4.2 4.1 4.2 4.6 3.9 4.1 4.7 4.1 4.2

Raw Numeric Questionnaire Data

Question 10 11 12 13 14 15 16 17 18

Male 4 3.9 4 3 4.5 4.9 3 3.3 3

Female 4 4.2 4.1 4 4.5 4.3 3.9 4 3.7

Complete the following in a single MS Word or Excel document:

1. Calculate the mean, median, mode, variance, and standard deviation for the numeric data.

2. Construct a histogram, pie, or Stem-Leaf Display chart encompassing the mean leadership scores for both male and female managers. Use an online interactive program to formulate your histogram, pie charts, or Stem-Leaf Display.

3. Construct a histogram for median score values for male managers and female managers with respect to management style.

Due Week 6 and worth 200 points

Imagine you are working with a partner to plan and host a workshop on leadership. There will be 100 people attending. Review the following optional articles and videos that detail creating a PowerPoint presentation for this assignment:

• “Create your first PowerPoint 2013 presentation” by Microsoft, found athttp://office.microsoft.com/en-us/support/create-your-first-powerpoint-2013-presentation-RZ102925085.aspx?CTT=5&origin=HA102809627.
• “Top Ten Slide Tips” by Garr Reynolds, found athttp://www.garrreynolds.com/preso-tips/design/.
• “Top 10 Best Practices When Using PowerPoint for Presentations” found athttps://www.youtube.com/watch?v=rtygW25vj_I.

Write a five to seven (5-7) slide narrated PowerPoint presentation in which you:

1. Describe what strengths you would like your partner to have for this particular task, and why.
2. Explain how the strengths you have chosen for your partner would complement your strengths.
3. Identify the top two leadership points you would want to share at the workshop, and discuss why you selected those points.
4. Address two additional leadership traits that can assist in managing conflict and improve communication within the organization.
5. Format your assignment according to the following formatting requirements:
   1. Format the PowerPoint presentation with headings on each slide and at least one (1) relevant graphic (photograph, graph, clip art, etc.). Ensure that the presentation is visually appealing and readable from up to 18 feet away.
   2. Include a title slide containing the title of the assignment, your name, your professor’s name, the