Health Cruises Case

Health Cruises Case Read the Health Cruises Case and submit answers to the following questions. 1. What is the minimum number of passengers Health Cruises must sign up by November 20th to break even? [show your calculations] Considering that an average ticket price is $1500 and the cost per passenger is $200, each sold ticket generates $1,300 of the positive cash flow. Since $295,000 of the initial capital had been spent by November 14th, the following minimum number of passengers must sign up in order for Health Cruises to break even provided no more money is invested: Minimum passengers to break even = $295,000 / $1,300 = 227. 2. Should Health Cruises go ahead with the cruise since 200 people have signed up by November 14th? Why or why not? Health Cruises should go ahead with the cruise in any event. If the cruise is canceled, $295,000 of the already spent capital would become a total loss. Even if no more passengers sign up, the loss would be only $35,000, i. e. (200 * $1,300) – $295,000. 3. The advertising agency has proposed two alternative campaigns to help fill the boat. One will cost $6000 and the other would cost $15,000. Which would you suggest? [again, show your calculations]. If 20 additional passengers sign up and pay on average $1,500 as expected with the limited advertising campaign which cost $6,000, the net earnings (loss) of the cruise will be as followed: EBIT = (220 * $1,300) – ($295,000 + $6,000) = -$15,000. (A loss of $15,000) If 40 additional passengers sign up and pay on average $1,500 as expected with the more ambitious advertising campaign, the net earnings of the cruise will be as followed: EBIT = (240 * $1300) – ($295,000 + $15,000) = $15,500. (A profit of $15,500) To summarize, the ambitious advertising campaign is more beneficial for the Health Cruises’ bottom line than the limited advertising campaign. 4. Should Health Cruises consider cutting its prices for this trip? Why or why not? What other factors could impact the go/no-go decision in addition to the break even? Since even with the ambitious advertising complain there is a distinct possibility that the cruise will be short of its full capacity by 60 passengers, the cutting cruise prices may provide an increase in the profit beyond expected $15,500 (with the ambitious advertising campaign) due to more ticket sold. Assuming that it is possible to sign up additional 100 passengers if the ambitious advertising campaign also offers reduced ticket prices, we can calculate that the minimum average ticket price that that passengers should pay and still provide for the $15,500 profit: MinTicketPrice = ($35,000 + $15,000 + $15,500) / 100 + $200 = $855, where $35,000 is loss as November 14th, $15,000 is the advertising campaign cost, $15,500 is the minimum profit, and $200 is cost per passenger. Ideally the cruise profit could be maximized by adjusting the ticket price in response to demand and supply. However, even if additional tickets are offered outright at an average price of $1,200 (a 20% discount) in order to generate enough demand to sell the remaining 100 tickets the cruise earnings can be calculated as follow: EBIT = (200 * $1300) + (100 * $1000) – ($295,000 + $15,000) = $50,000. Note that $200 cost for passenger is deducted from ticket prices in the above calculation. The only risk with such a price reduction is that the reduced price would not be able to generate enough demand to sell all remaining 100 tickets. However, the cruise still would break even if 50 tickets are sold at an average price of $1,200 and the cruise profit would exceed the target $15,500 if more than 65 tickets are sold at this reduced price. A 20% price reduction is just an example to drive the point. The Health Cruises management may have some marketing data to help to come with a more appropriate number. It does not appear that there are any factors (even the break even should not be a factor with 200 tickets sold and $295,000 spent) other than a bad business practice that could impact the go/no-go decision. Health Cruises, Inc. Health Cruises, Inc. packages cruises to Caribbean islands such as Martinique and the Bahamas. Like conventional cruises, the packages are designed to be fun. But the cruise is structured to help participants become healthier by breaking old habits, such as smoking and overeating. The Miami-based firm was conceived by Susan Isom, 30, a self-styled innovator and entrepreneur. Prior to this venture, she had spent several years in North Carolina promoting a behavior-modification clinic. Isom determined that many people were very concerned about developing good health habits, yet they seemed unable to break away from their old habits because of the pressures of day-to-day living. She reasoned that they might have a chance for much greater success in a pleasant and socially supportive environment, where good health habits were fostered. Accordingly, she established Health Cruises, Inc. , hired 10 consulting psychologists and health specialists to develop a program, and chartered a ship. DeForrest Young, a Miami management consultant, became the chairperson of Health Cruises. Seven of Isom’s business associates contributed an initial capital outlay totaling more than $250,000. Of this amount, $65,000 went for the initial advertising budget, $10,000 for other administrative expenses, and $220,000 for the ship rental and crew. Mary Porter, an overweight Denver schoolteacher, has signed up to sail on a two-week cruise to Nassau, departing December 19. She and her shipmates will pay an average of $1,500 for the voyage. The most desirable staterooms cost $2,200. Mary learned of the cruise by reading the travel section of her Sunday newspaper on October 16. On that date, the Pittsford and LaRue Advertising Agency placed promotional notices for the cruise in several major metropolitan newspapers. Mary was fascinated by the idea of combining therapy sessions with swimming, movies, and an elegant atmosphere. Pittsford and LaRue account executive Carolyn Sukhan originally estimated that 300 people would sign up for the cruise after reading the October 16 ads, but as of November 14 only 200 had done so. Isom and Health Cruises, Inc. faced an important decision. â€Å"Here’s the situation as I see,† explained a disturbed Ms. Isom at the Health Cruises board meeting. â€Å"We’ve already paid out more than a quarter of a million to get this cruise rolling. It’s going to cost us roughly $200 per passenger for the two weeks, mostly for food. Pittsford and LaRue predicted that 300 people would respond to the advertising campaign, but we’ve only got 200. I see three basic options: (1) we cancel the cruise and take our losses; (2) we run the cruise with the 200 and a few more that will trickle in over the next month, or (3) we shell some more money and hope that we will pull in more people. My recommendation to the board is that we try to recruit more passengers. There are simply too many empty rooms on that ship. Each one costs us a bundle. † At this point, Carolyn Sukhan addressed the board: â€Å"I’ve worked out two possible advertising campaigns for the November 20 papers. The first, the limited campaign, will cost $6,000. I estimate that it will bring in some 20 passengers. The more ambitious campaign, which I personally recommend, would cost $15,000. I believe this campaign will bring in a minimum of 40 passengers. I realize our first attempt was somewhat disappointing, but we’re dealing here with a new concept, and a follow-up ad might work with many newspaper readers who were curious and interested when they read our first notice. † â€Å"One thing is absolutely certain,† Sukhan emphasized. â€Å"We must act immediately if there’s any hope of getting more people on board. The deadline for the Sunday papers is in less than 48 hours. If our ads don’t appear by this weekend, you can forget it. No one signs up in early December for a December 18 sailing date. Isom interrupted, shaking her head. â€Å"I just don’t know what to say. I’ve looked over Carolyn’s proposals and they’re excellent, absolutely first-rate. But our one problem, to be blunt, is money. Our funds are tight and our investors are already nervous. I get more calls each day, asking me where the 300 passengers are. It won’t be easy to squeeze another $6,000 out o f these people. And to ask them for $15,000 – well, I just don’t know how we’re going to be able to justify it. †

Four Year Colleges vs. Community Colleges Essay

Why does Breakthrough emphasize four year colleges and universities? Should Breakthrough programs steer students to use community colleges as â€Å"stepping stones† toward bachelor’s degrees? Would community colleges be cheaper for students? Does it matter where students start their post†secondary educations, as long as they end up with bachelor’s degrees? It is true that once students have their bachelor’s degrees, it makes little difference, in terms of earnings potential and job prospects, what path they took to get there. However, the likelihood of earning a bachelor’s degree is significantly reduced if a student starts her post†secondary education at a community college, and the amount of time it takes to complete a bachelor’s degree (and potentially, the amount of loans a student accrues) is greatly increased. Additionally, research shows that the kinds of students Breakthrough serves—low†income, minority, first generation—are less likely to transfer from community colleges to four†year colleges and earn bachelor’s degrees. Therefore, the research supports the fact that students are more likely to complete bachelor’s degrees if they start their post† secondary educations at four†year colleges or universities. Is community college more cost-effective? Without factoring in financial aid, the average tuition and fees at community college is less than half of the average tuition and fees at a public four†year institution and 1/10th of the tuition and fees at a private four year institution. According to the National Center for Education Statistics, the average annual tuition and fees in 2006†07 was: †¢ $2,017 †in†state student attending a community college †¢ $5,685 † full†time, in†state student at a public four year college or university †¢ $20,492 † full time student at a private four year college and university However, while the tuition and fees at community colleges are significantly less, without knowing a student’s financial aid package at a four year institution, it is difficult to determine the relative cost† effectiveness. Additionally, considering the amount of time it takes students who begin in community college to complete their bachelor’s degrees, it is unclear how much cost savings there is in the end. Does it take longer for students to complete bachelor’s degrees if they start at community colleges? On average, it takes students 1 ½Ã¢â‚¬ 2 years longer to complete bachelor’s degrees if they begin at community colleges than if they begin at four†year colleges. According to the National Center for Education Statistics, the average time it takes to complete a bachelor’s degree is: †¢ 71 months for students who begin at 2†year colleges †¢ 55 months for students who begin at four year public colleges †¢ 50 months for students who begin at four year private colleges Is there a difference in the earnings of community college graduates and graduates of four†year institutions? If community college students do manage to transfer quickly and graduate from four†year colleges, there is little evidence to show that there are significant earning differentials between students who start at community colleges and students who start at four†year colleges (Kane and Rouse, 1995; Hilmer, 2000). The problem is that many community college students do not quickly transfer into four† year colleges nor do they ultimately complete their bachelor’s degrees. For those individuals who start at community colleges and don’t transfer to four†year institutions, there are repercussions in terms of their earnings potential. The average annual median income for adults who have associate’s degrees is approximately $13,000 less per year than adults who have bachelor’s degrees ($32,900 vs. $45,700), or $500,000 less in estimated lifetime earnings (U.S. Department of Labor, 2002). If the intention is to change the economic trajectory of Breakthrough students (i.e., end the cycle of poverty), then having Breakthrough students begin their post†secondary educations at four†year colleges is the best way to ensure they complete their bachelor’s degrees. Is there a difference in the attrition rates of students at community colleges vs. students at four†year colleges? The attrition rate for students at community colleges, even those students who have an explicit intent to pursue bachelor’s degrees, is far greater than the attrition rate of students at four year colleges. In 2006: †¢ 39% of students at community colleges who intended to pursue bachelor’s degrees left school without completing a degree or certificate program †¢ 17% of students at four year public colleges left school without completing a degree †¢ 16% of students at four year private colleges left school without completing a degree (National Center for Education Statistics, 2008 Special Analysis of Community College data)

Breaking Down the College Admissions Process: Your 5-Part Guide

Once you enter the fall semester of your senior year, you will officially be in what is commonly known as college applications â€Å"season†, the time in between when college applications are released and the submission deadlines. Most college applications are released around mid-August, and the submission deadlines range anywhere from November (for early decision applicants) to February. Most deadlines, however, happen around January 1st. Thus, your senior year fall semester is crunch time in terms of writing out your college essays, filling out your applications, and securing recommendation letters from your teachers/counselors. Simply put, it’s a big undertaking. College applications have a lot of different components, and even one application can often make a student feel overwhelmed. To help you organize all the different tasks that you need to complete for college admissions, we’ve arranged a 5-part summary of everything you need to do to be considered at your colleges of choice. Most colleges in the US require you to submit either an SAT or ACT score along with your transcript. The SAT and ACT are college readiness exams, and colleges use your score to compare you to other applicants in an unbiased manner. Luckily, we at have extensively covered the SAT and ACT exams in previous posts. If you’re unsure as to what the SAT and ACT exams are, which one you should take, how you should study for them, and much more, look through some   of our previous blog posts on standardized tests. As a general rule, most colleges will accept both an SAT and ACT score, so you can choose the test that best suits you or gives you the highest score. Just note, however, that if you take the SAT, you may be required to complete additional SAT subject tests to supplement your application. What are SAT subject tests? This post will explain. Ideally, you will have taken the SAT or ACT as many times as necessary to get your goal score before the fall semester of your senior year comes around. However, if that is not the case, you can usually take the SAT or ACT until November or December of your senior year so that you’ll get your score back in time for your college applications. Many colleges allow you to submit your test scores a few weeks/months after the application deadline in order to give you that time buffer. Before you start your college applications, you need to decide which colleges you are applying to and narrow down your college list. The best way to decide whether a college seems right for you is to go to the college and do a campus visit. You can take an admissions tour, walk around the campus itself, and even sit in on a lecture to see what a real college class is like! We at are experts on how to make the most out of a campus visit. If you’re looking for some help when planning your college visits, check out these previous blog posts: The reason why campus visits have their own section in the college admissions process is that they’re one of the best ways to help you narrow down your college list. By visiting a college, you’ll be more secure in your decision to apply or not. These decisions will help narrow down your college list. Estimating your chance of getting into a college is not easy in today’s competitive environment. Thankfully, with our state-of-the-art software and data, we can analyze your academic and extracurricular profile and estimate your chances. Our profile analysis tool can also help you identify the improvement you need to make to enter your dream school. Your college essays are a huge part of your college application. Colleges read your essays to get a better idea of who you are as both an applicant and a student. The way you write and the things you write about are huge clues as to whether you would fit in at a particular university. Most colleges require anywhere from 2-4 application essays, and each one needs to be intriguing, intellectual, have perfect grammar and punctuation, and stand out from the thousands of other application essays that the college admissions officers are sure to be reading. That’s a tall order. Most students spend months working on their college application essays, and they go through multiple drafts. If you ever need help crafting or editing your college essays, offers a quick and expert College Essay Editing service to help you make your college essays stand out. To learn more, click here . Surprisingly, filling out the actual college application is one of the easiest parts of this whole process. It’s simply a matter of filling out multiple forms about your academic and extracurricular profile. While that may seem tedious, it is definitely not challenging. Before you start filling out your college applications, make sure that you have gathered all of your academic and extracurricular information. This includes your grades, courses taken, and standardized test scores. You should also have some detailed descriptions about each of your extracurricular activities written out–what they were, what leadership positions you held, and what you accomplished in the club or organization. If you have any work experience or community service experience, you should have a similar description prepared for those as well. Many colleges use the Common App, a college applications platform that standardizes the college application. If the university you’re applying to uses the Common App, you only have to input all of your information once, and multiple colleges will receive it. However, many colleges do not use the Common App, including most Texas state schools and UC colleges. You will need to re-input your information into their application portal. Almost all college application are done online now through application portals, which means that you’re going to have a lot of logins, usernames, and passwords to keep track of. Make sure that you keep a list of all of your logins and application IDs so that you are able to re-login to each application portal and review the status of your application whenever you need to. Nothing is worse than losing your password on decision release day and being unable to see whether you got into a college!   Ã‚   Once you’ve applied to colleges or have your applications well underway, it’s time to start thinking about how you’re going to pay for college. There are multiple scholarships and financial aid applications that you can fill out based on your financial circumstances and other qualifications. However, the one financial aid application that every US resident can fill out is the FAFSA. FAFSA stands for the Free Application for Federal Student Aid. It is a government-run program that offers students the opportunity to receive loans and grants to fund their college education. For some more detailed and personalized information about how you can get money through FAFSA, check out our previous blog posts: This is just an overview of the main steps you’ll need to take to complete your college applications. In reality, each step requires weeks, maybe months of studying and work. Thus, you need to make sure you start planning for your college applications well before the fall semester of your senior year, and make sure you give yourself months to work on your applications. Need more help navigating the college admissions process? Check out these previous blog posts: Feeling like you need help in navigating the college application process? Check out our   College Application Guidance Program . When you sign up for our program, we carefully   pair you with the perfect college admissions specialist based on your current academic and extracurricular profile and the schools in which you’re interested. Your personal specialist will help you with college applications and provide you with support and guidance in all other aspects of the admissions process.

Racism in Criminal justice system Essay Example | Topics and Well Written Essays - 5500 words

Racism in Criminal justice system - Essay Example It is something that occurs more than we notice. Many scholars believe that racism play a more important role in targeting and sentencing process in the criminal justice system and this is something which should not happen in any country no matter what. Racism plays an essential role before the criminal reaches the day of sentencing in the court. There are various publications that speak on profiling and actuarial methods which unwillingly get people into the system. Though these are two major components of the discriminatory acts that exist within the criminal justice system, it does not actually begin with these institutionalized methods. It is the laws and crime control policies that create discrimination in the system. It has been witnessed that in some instances these laws and policies are set in favor of the white people and in opposition to the black ones. The involvement of government is also essential in such situations. It is their responsibility to finish racism with the c riminal justice system so that each and every citizen could live a peaceful life. Government should also make sure that every citizen gets equal rights. In this paper, a detailed discussion has been done on the racial disparities in criminal justice system along with its adverse effects to the community. ... This shows that racism does exist. According to you what should have been done in that situation? One possibility was to arrange a meeting between the police chief and other senior members to discuss about how the newcomers to the community were affecting law enforcement. It is better to make an attempt to explain the laws to the newcomers so that such incidents could be avoided in the future. The American citizens should put in efforts to communicate and work out with the police to help the newcomers so that they could be given proper education regarding the rules and regulations. This attempt could certainly produce a positive change at the institutional level. It is quite true that we can never be entirely free of racial prejudice. Therefore we should have the ability to identify and address racism because it results the unearned privileges of some and imposes unfair limitations on others. The economic stability of a group of people is closely linked with racism and unless it is s tudied thoroughly, a community building effort will not reach its full potential. Racial prejudice and racism have been commonly practiced in the U.S. by the people with European background against various other groups, such as African-Americans or Latinos (Silas, 10). However, racial prejudice and racism also lead to tensions between people of non-European descent, for example the tensions between African Americans and Asian Americans. As the U.S. becomes more diverse and the people all over the globe more educated, we must make certain efforts to reduce hostility which creates differences in our physical traits and other aspects. No matter what culture you belong, it is quite obvious that

Free will V.S. determism Essay Example | Topics and Well Written Essays - 2000 words

Free will V.S. determism - Essay Example However, this can have repercussions as individuals following their own free will do not tend to listen to others around them and do as they please. This does not always work out cordially within a society full of different kinds of people because of varying needs that each person has from the other. Most people are under the impression that every individual has their own personal free will according to which they make choices and decisions. However, people often forget to understand that sometimes these choices come from the values and morals that have been imposed upon them as they grow up. In that case, these beliefs are not mapped by their own free will, but are determined in the manner that they are raised. My take on freewill is based upon an individual’s own disposition of which is derived from their possessions, such as possessions of social environment, religion and of family’s general views of life. We all come from families with views on religion or at least of life itself, through these possessions we develop subconscious bias opinions or tendencies, which are the foundation of an individual’s decision making. However, as we get older we become aware of other views or perspectives of life, and can choose to implement them in a way that is conducive to what we want to become. You cannot determine where or how you are born, as that is determined for you, nor can you determine who raises you and what bias views they pass on to you. Nonetheless, as a person gets older they can choose to retain all of the previous convictions passed down to them or can chose to see things in a different manner - though, it will still be from the same mind that has possession of influences that are particular to his or her life, even if they may be subtle. Every man is born under certain circumstances and conditions which remain constant at his birth. He does not have the power to change that certain thing about his life and he has to take whatever co mes his way with regard to that aspect of his life. However, once a person starts to grow up, things start to change for him. He sees different things and experiences different aspects of his life and starts to perceive them according to his will. The will starts to develop at the age of 8-9 and continues till the death of human beings. The will of a human being is developed throughout his life. Once a man is able to see the world from his own eyes, he starts to analyse his life with respect to his personal beliefs rather than the beliefs of other people being imposed on him. Most people are raised believing that their religion is the best one and that they should be happy they do not belong to any other. When a child is born, he is made to undergo certain rituals and rites according to the religion that his family is in. Throughout the course of his life, he is told things and led to believe that his religion is the sole guiding principle that will help him achieve whatever he want s in life. However, very few parents and families provide leverage to the child by making him aware of all the different religions in the world and letting him choose his own faith. In some families, children turn rebellious and begin to adopt a new way of life, by accepting the rites and rituals of a different religion as per their own free will. Every time a person adopts something within him, according to his own beliefs and faith in things, he is taking to free will rather than having his life being determined by

Criminology research paper Essay Example | Topics and Well Written Essays - 250 words

Criminology research paper - Essay Example The killer could achieve their gratification through posing the body in different ways as well as propping the body in diverse ways and in insertion of objects into the victim’s bodily openings. Such murderers are usually viewed as sadistic sexual psychopaths. The classification of the murder related to lust is done according to the crime scene mostly with regard to psychopathology of the scene. Moreover, a homosexual or heterosexual orientation could also be involved in lust murders. The organized offender could be identified if the murderer tortures and kills to gain sexual gratification, which can also be categorized as prototype serial killer. The disorganized lust killers also exhibit similar behaviors although the difference between the two murderers is the inability of the disorganized felon to escape and avoid being caught. These individuals are usually arrested while committing the crime or shortly afterwards. On the other hand, the organized felon is categorized as a bove average with regard to intelligence. This is because they undertake crimes that are well thought out and planned carefully. The criminal mostly undertakes the crime away from their areas of residence or employment. The organized felon travels a long distance before identifying the place to commit the crime as compared to the disorganized felon. HHHHHHHHHHHHHHHHHHHHHHCCK.SDKLHJSNFLNJKLkdldncmcmkdjfherpojfvv m,

What is Good Death (Meaningful Death) Meant to Christianity Essay

What is Good Death (Meaningful Death) Meant to Christianity - Essay Example Job’s friend, Bildad, typified death as the â€Å"lord of terrors† (Jackson 1). The writer of Hebrews, on the other hand, spoke of those who, through the fear of death, were, throughout their existence, put through bondage and oppression. Though few of us might attain that high peak of faith, where we can say like Apostle Paul that we desire to die, surely with the clarification of the New Testament exposure, we can encounter the mysteries of death with calmer spirits. This paper will discuss what a good death is meant to a Christian. It will dwell on factors such as organ donation, after life and how to live for a meaningful death as a Christian. Death refers to the state of sleeping. The New Testament talks about dead people as those that have fallen asleep in Jesus (Jackson 1). The phrase â€Å"sleep† is utilized in the Scriptures to explain the state of the human body in death. The book of Daniel reveals that only the body of man slumbers in death. Here, it i s certain that the fraction of man, which is laid in the dust of the soil, is that which sleeps. However, it is the human’s body, which is laid into the ground. Therefore, it is the human body, which sleeps in death, not the spirit (Sheehan 34). In the New Covenant, the phrase â€Å"asleep† is said to originate from the Greek word (koimaomai), which is also from keimai, plainly signifying â€Å"to lie down† (Sheehan 34). ... The Bible also sensibly speaks of the rotting of the human body (Sheehan 34). When Adam and Eve committed their sin, the tree of life was taken away from them and; thus, physical immortality. Death is, hence, man’s lot to go back to the dust of the ground. Paul talks about the earthly home of our tabernacle being â€Å"dissolved† or shuttered by death (Jackson 1). The Greek phrase for â€Å"dissolved† is kataluo, accurately signifying to â€Å"loose down,† a clear expression for fleshly decomposition. It is distressing that others decline to acknowledge the fate or destiny of the body, using huge sums of money trying to preserve their mortal remains in anticipation of resuscitation. Regardless of the claims to the opposite, physical immortality will never be attained by the medical profession (Jackson 1). In this age of fast growing health care technology, on a day-to-day, basis Christian nurses are faced with vital issues, which result in questions and un certainty regarding the relationship between Christian ethics, as well as modern medicine. This exercise of organ donation, in addition to transplantation, is one such medical development (Howard 15). Following the first victorious organ transplant, in 1954, the matters circulating this practice have become more and more complicated. Apparently, many people promptly accept the notion that receiving or donating organs is ethically permissible. With regards to Christianity, sacrifice and assisting others are key themes, and; thus, a choice to donate organs is perceived as a constructive thing. Christians should be confident to assist others in need (Howard 16). They see organ donation as an act of love and care to the receiver. It is also a way of

Unit 2 Public Demand for Medical Care and Health Insurance in the Essay

Unit 2 Public Demand for Medical Care and Health Insurance in the United States - Essay Example This measure provides an indication of the magnitude of cause specific mortality in a population (National statistics, 2011). The measure, however, underestimates the prevalence of deaths within a given population. Unadjusted mortality rates among groups sometimes is misleading especially in a case where the age distributions of the population at risk are different. This misleading report highly affects the planning of healthcare and decision making due to underestimated mortality in a population (Danver, 2010). Chronic diseases that include heart diseases has been a major cause of deaths in this state. The disease had higher adjusted mortality rates than the national average (National statistics, 2011). According to CDC heart diseases had leading causes of deaths.84% of the deaths occurred to people aged 65 years and above while 43% of the deaths occurred to people aged 85 years and above. The age adjusted mortality 3.32 which is slightly higher than the national average which stand at 3.01 (Danver, 2010). The rate is higher due to the unhealthy lifestyles of the people of this state. To solve the problem many factors come into play, organizational factors like schools and faith based organizations to influence and support health behavior change, Community factors that involve self-initiated programs to live healthy and health policies that favorably influence prevention of chronic diseases (Bluelow, 2010). Search Engine - Web - Seivo Web Search Engine. (n.d.). Search Engine - Web - Seivo Web Search Engine. Retrieved April 15, 2014, from

Ass 5.8 Essay Example | Topics and Well Written Essays - 1250 words

Ass 5.8 - Essay Example In order to determine the official unemployment rate it is important to determine the total labor force. Total labor force = Unemployed work force + employed workers = 8.4 + 108.5 =116.9 Therefore, Unemployment rate= Number of unemployed workforce ?100 = 8.4 ? 100 = 7.2% Total Labor force 116.9 The official unemployment in the US in 1991 was = 7.2% 2. If bureau of statistics considered 1.2 million people as unemployed, the official unemployment rate will be as follows; Official Unemployment rate= Number of unemployed workforce ?100 Total Labor force Total labor force = 108.5 + 1.2= 109.7 Official Unemployment rate= (1.2?109.7)100 =1.1% There was a discrepancy of 6.1% obtained by finding the difference between the two rates of unemployment as follows 7.2%-1.1% =6.1%. The discrepancy may be attributed to an increase in recession and inflation rate leading to a decrease in unemployment rate by 1.6% in the second answer. 3. The Concept of natural rate of unemployment Natural rate of unem ployment refers to the rate of unemployment that occurs in a healthy economy when the labor market at equilibrium (Taylor, 2007). At this at this point full employment corresponds with the rate of unemployment. The concept can be presented diagrammatically as shown below. Real Wage ASL N= labor force ADL Natural rate of Unemployment We Q1 Q2 Source: Author Natural rate of unemployment include Frictional and structural unemployment (Mankiw, 2011). Frictional rate of unemployment occurs when people leave their current job and went to look for new better and satisfying jobs (Mankiw, 2011). During this period, people may remain unemployed and therefore, an economy may experience frictional rate of unemployment (Mankiw, 2011). On the other hand, Structural rate of unemployment occurs when new technological changes leads to unemployment because people do not have the required skills and knowledge to do the job and therefore, people need to be retrained in to make their skills correspond t o a job need (Woirol, 1996). Distinguishing between â€Å"good† inflation and â€Å"bad† inflation and why some economists see some inflation superior than others. Economist asserts that a good inflation refers to the one that creates caution to an economy of an impending deflation so that an economy can put in place necessary measures to curb impending deflation (Mceachern, 2012). Additionally, a good inflation can helps in real wage adjustment in case of disequilibrium. On the other hand, economist asserts that a bad inflation is the one that has a depressing impact to an economy making the cost of living to be extremely high and unbearable(Mceachern, 2012). A bad inflation tends to make an economy engage itself in borrowing leading to escalating debts. Additionally, wages and income tend to remain low as the cost of living continues to rise (Mceachern, 2012). This situation could lead to strikes and boycotts as workers pressures employers to increase their salaries and wages in order to cope with high cost of living (Mceachern, 2012).Some economist hold that hyper inflation as a superior as compared with double digit and moderate inflation. This is because hyper inflation makes the economy to become totally depressed as money in circulation losses value making the cost of living unbearable. Lesson 9: Managing the Economy: Fiscal Policy and Its Effects 1 (a).Effects of $20billion tax cut on