Free Essay

Mm225 Unit 2 Asignment Business Management

In: Business and Management

Submitted By rachaelkuszak
Words 1068
Pages 5
Unit 2: Instructor Graded Assignment

Equations

In this and future Instructor Graded Assignments you will be asked to use the answers you found in the Unit 1 Assignment.

Note: For these questions you need to cite a reliable source for information, which means you cannot use sites like Wikipedia, Ask.com®, and Yahoo® answers. If you do use those sites the instructor may award 0 points for your response.

The Assignment problems must have the work shown at all times. The steps for solving the problems must be explained. Failure to do so could result in your submission being given a 0. If you have any questions about how much work to show, please contact your instructor.

Assignments must be submitted as a Microsoft Word® document and uploaded to the Dropbox for Unit 2. Type all answers directly in this Assignment below the question it applies to. All Assignments are due by Tuesday at 11:59 PM ET of the assigned Unit.

Finding the National Average Price for Gas
These first few questions will require you to use the internet to search for the national average price for gas. Remember to use a scholarly site for information.

List the website(s) you visited here: http://fuelgaugereport.aaa.com/todays-gas-prices/.com

1. (2 points): What was the average price of a gallon of gas 1 year from when your business math class started?
A month ago the national average gas price was 2.035
2. (5 points): You have $50 on hand and need to buy gas. How many gallons of gas can you buy (using the value you reported in Question 1.)If i had 50 on hand i would be able to purchase 24.57 gallons of gas for a total of 49.99995 which would be 50.00.
3. (5 points): If gas prices were to drop 10% from the current price, how much would a gallon of gas cost now?
Current national price per gallon of gas is 2.328. The difference from the price of gas a month ago vs. the cost of gas per gallon currently. The price of gas had increased by about 12.5%.
4. (5 points): Using the average for 1 year ago, and the average for 6 months ago, calculate the percent increase or decrease in the price of a gallon of gas over that 6 month time span.
A year ago 3.426 and 6 months ago was 3.65 so there was a decrease by 6.5%.
Finding the National Average for Food for One Person

Questions 5, 6, and 7 will require you to search for the national average for food for one person. Remember to use a scholarly site for information.

List the website(s) you visited here: http://www.cnpp.usda.gov/Publications/FoodPlans/2012/CostofFoodJan2012.pdf http://www.loweryourspending.com/average-cost-for-food-per-month-for.one .person.html .com 5. (3 points): What was the national average for food for a month for one person, one year ago from the date the class started? Use the average for a 35-year-old male, and if multiple figures are given for that gender and age, use the highest number.
National average for food for a month for one person=287.00
Average for a 35 year old male is 292.30
6. (5 points): If this person lives in a state with a 7% sales tax on all food purchases, how much will they need to spend on food for one year?
$287.00 * 0.07 =$20.09
$287+20.09=$307.09
$307.09 * 12 =$3,685.08 a year

7. (5 points): Create an equation you could use to calculate the cost one person spends on food for a year (assume no tax on the food), using this site. Your equation must work for any age range, and any gender now.
Essay Question
(15 points)
8. Using the internet, find a website where a linear equation is used. Using that website as a source, write a ¾ - 1 page essay response in which you discuss how the equation was used, if it was used correctly, and what solutions to the equation mean (in other words, why are you using the equation in the first place? What is the solution supposed to tell you once you find it).
A linear equation is a mathematical expression that has an equal sign and linear expressions. A linear expression is a mathematical statement that performs functions of addition, subtraction, multiplication, and division. When solving a linear equation, there are steps to follow that will get you to the correct answer. Once you solve for the variable, always plug that number back into the equation to check for accuracy. Let’s try an example and work through the linear equation together by following these steps. Find x if: 2x+4=10. The first step is to isolate “x” to one side of the equation by subtracting 4 from both sides. 2x+4-4=10-4, which you give you 2x=6. The next step is to get the x by itself by dividing both sides by 2. 2x/2=6/2 and that leaves us with x=3. The final step is to plug the 3 into the x variable to make sure we have the correct answer.
Requirements for essay
Write your essay in this document – do not save it in a separate file.
You must clearly state your position with well-structured paragraphs using proper grammar, spelling, and sentence structure.
This is not an “opinion” question – you must offer evidence to support your position, using properly cited sources.
Your answer must be between ¾-1 page in length.
You must cite and reference at least one source (book, website, periodical) using APA format. The required website counts as one source.

You may submit your Assignments to the Math Center for review. Tutors will not grade or correct the Assignment, but they will provide guidance for improvement. Tutors will not, however, help you find web sites for the Assignment.

Be sure to submit Assignments early enough to receive feedback and make corrections before the Assignment due date (24 hour turn-around times Monday-Thursday and 48 hour turn-around times on weekends are typical).

Email Assignments to: kumc@kaplan.edu. Please put “MM255 Assignment Review” in the subject line of the message.…...

Similar Documents

Premium Essay

Introduction to Management Unit 2

...Rendering to the video and the material that I have read about in this unit I see that each theory presents itself different in their own way. Starting with the classical approach the management is the highest chain of command. With that being said, it combines the scientific and the administrative management. Scientific management is there to recover the efficiency of work. The Administrative management approach focuses on the coordination of the workings of an entire organization. The classical theory has the assumption that work is a rational undertaking that is done just to make money. The behavioral approach stresses understanding the importance of people’s needs and attitudes within the formal organization. This approach is also used for management so that they can understand the importance of the workers and their needs and their attitudes within the formal organization. The third approach is the systems approach. This approach uses organizations as sets of interrelated parts to be managed as a whole with the purpose of achieving one main goal. This organization consists of transformation processes, inputs and outputs, and feedback. The last and final theory is the contingency approach. This approach emphasizes identifying the key variable in each situation and understanding the relationships among the variables. It also recognizes the causes and effects of managerial decisions. The contingency approach is the result of the systems approach. Implementing a little...

Words: 408 - Pages: 2

Free Essay

Unit 2 Research Asignment 2

...Unit 3 Research Assignment I’d say that the SQL Server database-naming convention makes the most sense to me. The database name accurately reflects the database content and all database names must be prefixed with the originating components acronym. The file names match the database name and the table names should accurately reflect the table’s content and function. Each column name must be unique within its table. Guidelines and best practices should be followed as a general rule, but it is understood that exception situations may exist. Developers must be prepared to provide a justification for any exceptions. There are no right and wrong answers for naming conventions as far as I am concerned. It’s all down to factors such as existing naming conventions in your applications and personal preference. I think the most important rule to adhere to is to be consistent. People may argue about whether to have underscores in object names or whether you should have proper case but it doesn't really matter as long as everything adheres to the same set of rules. If you have an existing set of objects then I'd suggest trying to match what is already in place. Of course, it’s also good to ensure names are logical! Also called an entity-relationship (ER) diagram, a graphical representation of entities and their relationships to each other, typically used in computing in regard to the organization of data within databases or information systems. An entity is a piece of data-an......

Words: 474 - Pages: 2

Premium Essay

P2 Unit 2 Business

...any part of the business. British Red Cross Donors Staff/volunteers Benefactors Government British Red Cross Donors Staff/volunteers Benefactors Government British Red Cross is a voluntary business set up to help UK and overseas people in crisis. It is also an international business. Stakeholders for the business include: STAKEHODLERS STAKEHODLERS * Employees /Voluntary workers (internal) – these are the people that work for the business to help them raise the money they need to carry out what their aim is to do. The employees aim to get a wage from working from the business, whereas the voluntary workers aim to help raise money for the charity. These are one of the most important stakeholders of the business because without them the business will not be able to run. * Government (external) – this is another major stakeholder for the business because they fund what the business needs to do to raise the money. Without the government funding the charity they wouldn’t have the shops and events that go on to make the business/ charity work. * Benefactors (external) – these are another stakeholder in the business because they rely on the business raising money for them to help with the needs the business raise money. The benefactors are the main reason in which the business is running, without them needing the help, the business would have nothing to run for. * Donors (external) – these are one of the major stakeholders within the business because......

Words: 648 - Pages: 3

Premium Essay

Business & Admin Level 2 Unit 2

...Unit two: Principles of providing administrative services Assessment You should use this file to complete your Assessment. • The first thing you need to do is save a copy of this document, either onto your computer or a disk • Then work through your Assessment, remembering to save your work regularly • When you’ve finished, print out a copy to keep for reference • Then, go to www.vision2learn.com and send your completed Assessment to your tutor via your My Study area – make sure it is clearly marked with your name, the course title and the Unit and Assessment number. Please note that this Assessment document has 9 pages and is made up of 9 Sections. Name: Victoria Jayne Edwards Section 1 – Understand how to make and receive telephone calls 1. Complete the table below with descriptions of at least two different features of a telephone system and how / when they would be used. |Feature |How / when used | |1. Answerphone |This is usually accessed by pressing the number 1. It enables you to| | |access and listen to messages that have been left by others, such as| | |colleagues or potential customers. | | ...

Words: 7077 - Pages: 29

Free Essay

Unit 2 Asignment 2

...Unit 2 Assignment 1 Blank Answer Sheet Name: Date: Electronics ET2530 Chapter 2 (pp. 111-113) 2. A 1500 kHz carrier and a 2 kHz intelligence signal are combined in a non-linear device. List all the frequency components produced. - 1498, 1500, and 1520KHz 3.If a carrier is amplitude modulated what causes the sideband frequencies? - The non-linear mixing of the carrier and intelligence frequencies. 
 4.What determines the bandwidth of emission for an AM transmission? - It is twice the frequency of the highest audio frequency transmitted. The upper sideband is fc +FM where fc is the carrier frequency and FM is the modulation (audio) frequency .The lower sideband is fc – FM. The total bandwidth is 2*FM 5.Explain the difference between a sideband and a side frequency. - A sideband carries the modulation or "information". in old fashioned AM and FM transmission schemes, a carrier is broadcast in addition to the sideband(s). Only the sideband is needed to communicate. A spurious frequency that happens when a carrier is transmitted has no added "information" and just adds to the transmission bandwidth. Sometimes these occur by intermixing within the transmitter. a common example is CB splatter from overdrive of RF amps. 
 9.Draw a diagram (or indicate which text book Figure # shows this) of a carrier wave envelope when modulated by 50% by a sinusoidal wave. Indicate on the diagram the dimension from which the percentage of modulation is......

Words: 734 - Pages: 3

Premium Essay

Business Btec: Unit 2

...Bilborough College College Way Nottingham NG8 4DQ Riverside Café Canal Street Nottingham NG2 1CB 17th November 2014 Dear Adam and Josh, Having looked at the predicted and actual budgets for the business, I am going to give you some advice on how to manage your money more effectively which could start to help you and the business make a profit again. It is very important that you look after your cost and your budgets because you will be able to manage your finances; if you manage your costs you will be able to save more on your expenses which can then lead to increasing your revenue, for example if you controlled your costs you will be able to save money and then by having the correct amount of stock which can then be sold for money which will then bring extra money in so that you can spend that money on improving your business. If you didn’t look after your costs the amount that you spent on your expenses could impact on the amount of profit that you make. If you control your budget then you will be able to increase you income, you’ll be making sure that you have working capital and you will be able to set aside extra money when it is needed. You are over spending on the following things: stock, wages, administration, insurance, interest and loans, bank charges and repairs and maintenance. There are ways that you can adopt to make sure that the overspending stops. You could hire an accountant to help you structure you budgets, you could do research on what......

Words: 2403 - Pages: 10

Premium Essay

Business Unit 2

...Annabelle Linney Unit 2: People in business 20970 9047 Introduction In this portfolio I am going to produce work investigating a local business. This will include me describing the roles and responsibilities of a supervisor, manager and employee within this business. I shall also make plans and take part in recruitment and the selection process, this will explain the self-regulatory, legal, social and ethical responsibilities considered in the recruitment process. I will then show this through a practical exercise and participation in a mock interview which is part of the interview panel. This will also include the vacant position, the development of the key recruitment documentations. During this I will analyse how the following contributed to the effectiveness of the recruitment process. Lastly I will judge the effectiveness of the recruitment exercise’s processes and will recommend ways in the recruitment documentation, the interview process and the training and motivational methods used and the relevant which it could be improved. In AO1 I will write a detailed and comprehensive description for a manager, supervisor and employee. This will include their roles and responsibilities, the qualities they should have and their training and development opportunities. The realistic and detailed examples are used to illustrate the methods of motivation used by the business to retain staff and to have relevant PEST factors in the workplace plan. For AO2 I will......

Words: 21728 - Pages: 87

Premium Essay

Business Unit 2 Assignment 1

...Recruiting and retaining the right people Edexcel BTEC L3 Business Studies Unit 2 Business Resources I have gained an internship at my school, and I will spend 6 weeks supporting the human resources department. Currently the most experienced member of the human resources department, is away on long term sick leave. The school is looking to make sure I can help maintain its ability to recruit the right staff and control their financial and non-financial resources. Task 1 Describe the recruitment documentation used in your selected organisation. Specific Job- Teaching Job Job Description Once it has been decided that a vacancy exists the first document that would be needed is the job description. The job description would be needed just in case it need to be changed. The description is the document that gives you a detailed description of the job, what the job entails and any other information that you would need to know about the job. The job description is an important document because tells you specifically what you will be doing, for instance the first thing you would see on the job description would be the job title so you know exactly what you are going to be doing if you get the job, so for the teaching vacancy it would say Science Teacher. The document also tells you who you will be accountable to and who you will be accountable for so applying for a job such as a teacher you would be accountable to the head teacher but you would be accountable for the students......

Words: 4430 - Pages: 18

Premium Essay

Business Unit 2 Assignment 1

...Recruiting and retaining the right people Edexcel BTEC L3 Business Studies Unit 2 Business Resources I have gained an internship at my school, and I will spend 6 weeks supporting the human resources department. Currently the most experienced member of the human resources department, is away on long term sick leave. The school is looking to make sure I can help maintain its ability to recruit the right staff and control their financial and non-financial resources. Task 1 Describe the recruitment documentation used in your selected organisation. Specific Job- Teaching Job Job Description Once it has been decided that a vacancy exists the first document that would be needed is the job description. The job description would be needed just in case it need to be changed. The description is the document that gives you a detailed description of the job, what the job entails and any other information that you would need to know about the job. The job description is an important document because tells you specifically what you will be doing, for instance the first thing you would see on the job description would be the job title so you know exactly what you are going to be doing if you get the job, so for the teaching vacancy it would say Science Teacher. The document also tells you who you will be accountable to and who you will be accountable for so applying for a job such as a teacher you would be accountable to the head teacher but you would be accountable for the students......

Words: 4430 - Pages: 18

Premium Essay

Business Unit 2 Assignment 1

...Recruiting and retaining the right people Edexcel BTEC L3 Business Studies Unit 2 Business Resources I have gained an internship at my school, and I will spend 6 weeks supporting the human resources department. Currently the most experienced member of the human resources department, is away on long term sick leave. The school is looking to make sure I can help maintain its ability to recruit the right staff and control their financial and non-financial resources. Task 1 Describe the recruitment documentation used in your selected organisation. Specific Job- Teaching Job Job Description Once it has been decided that a vacancy exists the first document that would be needed is the job description. The job description would be needed just in case it need to be changed. The description is the document that gives you a detailed description of the job, what the job entails and any other information that you would need to know about the job. The job description is an important document because tells you specifically what you will be doing, for instance the first thing you would see on the job description would be the job title so you know exactly what you are going to be doing if you get the job, so for the teaching vacancy it would say Science Teacher. The document also tells you who you will be accountable to and who you will be accountable for so applying for a job such as a teacher you would be accountable to the head teacher but you would be accountable for the students......

Words: 4430 - Pages: 18

Premium Essay

Business Unit 2 P6

...Unit 2: Business Resources P6 Introduction In this task I will illustrate the use of budgets as a means of exercising financial control of east ham shipping. Fixed cost Fixed costs are the expenses that do not change regardless of the activity of a business. For example Eastham shipping has to pay rent and utility bills and all of their overheads regardless of sales or profit. Variable cost Variable costs are costs that can change depending on the activity of the business such as production volume and sales. An example for east ham shipping may be the cost of their fuel. Since fuel prices change due to supply and demand this can be a variable cost. Fuel usage can increase or decrease due to the amount times East ham shipping has to ship Items. Semi variable cost Semi-variable costs are made up of different fixed and variable components. Semi-variable costs are fixed for a certain limit of production or consumption once this limit has been exceeded the cost then becomes a variable. Step cost A step cost is a fixed cost within certain limits. Step costs are expenses that stay the same until a level of activity has been reached. For example if in East Ham shipping employee receives between zero and a certain amount of orders to process then the company will only need one employee. However if this limit is exceeded then East ham shipping will need to hire an extra employee A budget is a plan of expenditure usually tied to a fixed period of time as well as......

Words: 271 - Pages: 2

Free Essay

Unit 2 P2 Business

...have a huge influence over the business. They use their customer insight to make any appropriate and needed changes to their business. If Tesco don’t offer the right services, products and promotions, then their customers will end up shopping in alternative stores. This will reduce any profit being made. Tesco’s customers have a huge influence over the business. They use their customer insight to make any appropriate and needed changes to their business. If Tesco don’t offer the right services, products and promotions, then their customers will end up shopping in alternative stores. This will reduce any profit being made. Shareholders are often the most important type of stakeholders. This is because, without them, businesses lose their value which will affect its overall business standing and performance. Shareholders are often the most important type of stakeholders. This is because, without them, businesses lose their value which will affect its overall business standing and performance. Pressure groups have an influence over Tesco because if the business faces an investor revolt, then it is very concerning as it will not only make the business look bad, but it can also put the company at risk of being shut down. Pressure groups also have the ability to make people consider shopping at another chain of supermarkets, which means that Tesco could lose many of its customers. Pressure groups have an influence over Tesco because if the business faces an investor revolt,......

Words: 2217 - Pages: 9

Premium Essay

Unit 2 Strategic Management Mt460

...UNIT 2: Strategic Management Unit 2: Strategic Management MT460-02: Management Policy and Strategy Professor: Heidi J Gregory-Mina, DM, MBA, MS Kaplan University March 24th, 2012 Unit 2: Strategic Management Strategy is becoming a key to component to be a successful business in today’s market either global or domestic. With this in mind more and more focus has been put on strategy and properly learning how to use it appropriately in business world. Strategy is significant in business because it can make or break a business, if a company has a poor plan it can fail but if the same company has the same product but a different strategy it can succeed. The company not only needs to have a strategy but they cannot build a great strategy without first starting with a vision, mission, purpose and maybe some small goals to achieve within the first year to five years. Visions are important because it energizes and gives a future to the company, while the mission of the company is there to tell customer what their purpose is for and what they are they to provide as a product or service and gives the company a goal to achieve and work towards as well. Not only in these statements that management and owners work hard to put together for corporations and business but they provide the direction and the beginning stages of the strategy of the business. Strategy is needed in the business but the strategy is coming from strategic management and one must first define......

Words: 1231 - Pages: 5

Premium Essay

Unit 2 - Starting a Business

..."We're Moving On Up" Mike and Earl Moore, owners of College Men's Unlimited, have just signed a 5-year lease in the new College Town Mall. The new mall is ideally located for their business—a short walk from campus and only two blocks from downtown. The far side of the mall is bounded by the most prestigious homes in the city. It will be opening in 5 weeks, and Mike and Earl are lucky to have such a prime spot. Ray Thomas, their banker, called them last Wednesday with word that the store, which had agreed to take the space they just leased, had canceled. Eighteen months ago when the mall had put this location up for lease, they were not in financial condition to make a commitment. In the last 18 months, however, business has been exceptional. The city has grown, and the college has experienced expanded enrollments. By next Monday morning, Mike and Earl must provide the mall developer with a complete layout for their new store so the developer can assign an emergency work crew to complete the store for the grand opening. College Men's Unlimited is a full-line men's store offering middle- to upper-quality traditional men's wearing apparel. The present location is an old two-story house that Mike and Earl converted into their combination business and living area. The house has 4,000 square feet of area, 3,600 being used for the store, and the rest for a 3-room apartment. The new store has a 40-foot front and is 70 feet deep. The mall developer is willing to put up walls......

Words: 460 - Pages: 2

Premium Essay

Business Law - Unit 2

...Unit Two Assignment – Why is Strategy Important to Business? Your Name Kaplan University School of Business and Management MT460-02 Management Policy and Strategy Dr. Daniel K. Dayton Date Unit Two Assignment – Why is Strategy Important to Business? This assignment will address why strategy is important to business. One will address the primary components of strategic management in the process of discussing the significance of strategy for business. Strategy is defined as the best practice of figuring out the best way to get from here to there (Arauz, 2012). According to Pearce and Robinson (2010), strategic management is defined as the set of decisions and activities that lead to the formulation and implementation of plans that have the purpose to achieve a company’s goals. Strategic management has nine important components to help an organization do a better hob. The first component is to devise the business mission, including statements about the reasoning for the mission, the philosophy, and also the goals. The second component is to perform an analysis that exposes a corporation’s internal conditions and capabilities. This component is known as the SWOT analysis, where the strengths, weaknesses, opportunities, and threats, are evaluated. The next task in a strategic management process would be assessing the company’s external environment, considering both the competition and the general contextual factors. Consequently, this task may be part of...

Words: 755 - Pages: 4