Title is Virtual Machine

 

 Your PowerPoint should contain 10-15 slides. You can use Microsoft Teams to record the audio narration of your PowerPoint presentation (preferred). Please cover the following topics in this presentation:

  • The CTF category
  • Problem solved
  • Steps used to solve
  • The solution
  • Strategies, pitfalls, lessons learned
  • Workplace relevance

Harry the CEO

  

Harry the CEO was pleased with your earlier work estimating and interpreting the demand function for QuickKits™, so he is asking you to complete another time‐sensitive project.

Harry explains that BioMed has a manufacturing plant that produces a prescription topical cream called DermaPlus™, which is used for treating certain skin conditions. Hospitals and pharmacies are the main buyers of DermaPlus™.

A number of other firms produce creams that are almost identical to DermaPlus™ and the market for these creams is extremely competitive. In fact, BioMed’s current share of the market for this type of topical cream is small, so it has no ability to influence the market price. On the other hand, because Biomed is relatively small compared to the size of the market, it can sell as much of the cream as it likes at the prevailing market price.

The plant producing DermaPlus™ has been operating for a little over three years with the same manufacturing equipment. Currently there are no plans for upgrading or adding to this equipment.

Over the last three years, the price of DermaPlus™ and related creams has been quite volatile and BioMed has tried to react to the changing price by varying its output level to constantly maximize its monthly profit. To date, BioMed has been able to vary monthly production quite easily by taking advantage of a flexible, non‐union workforce with a large number of part‐time workers. However, the workforce at the DermaPlus™ plant is just about to be unionized. Once that happens, it will become much more difficult to vary the amount of labour used in the short run and therefore much more difficult to vary the monthly production of DermaPlus™.

A former employee had been asked to estimate the short‐run cost functions for the DermaPlus™ manufacturing plant (data collected on the variables he thought would be needed to estimate the short‐run cost functions for DermaPlus™ and the firm’s profit‐maximizing output level provided on data spreadsheet attached). The goal was to use this information to determine the profit maximizing output level and use that information to estimate the optimal size for the new unionized workforce.

Harry tells you that DermaPlus™ and related products are just about to come under the umbrella of a new reference‐based pricing scheme. Under the new scheme, the government will set the price of DermaPlus™ and competing creams, and review that price every two years.

Once the price has been set, BioMed and other manufacturers simply have to decide how much of the cream, if any, they want to produce and sell.

Unfortunately, although the workforce will be unionized in just over a week, the referenced-based price for DermaPlus™ will not be announced for another two months. Consequently, BioMed has to choose the size of its workforce (and therefore its production capacity) before it knows the price it will get for its product. To reduce the uncertainty about this decision, Harry recently hired a consultant with expertise in the pharmaceutical industry and reference‐based pricing to estimate the price that will be announced for DermaPlus™. The consultant estimates that there is a 5% chance that the price will be $50 per unit, a 20% chance that the price will be $100 per unit, and a 75% chance that the price will be $150 per unit. This is the best estimate the consultant can provide given the lack of information coming from the government about the issue.

Complete the following tasks:

1. Determine the profit‐maximizing average monthly production capacity for DermaPlus™ for each of the possible reference‐based prices identified by the consultant. Estimate the expected monthly profit in each case.

2. Recommend an average daily production capacity for the next 12 months given the uncertainty about the price of DermaPlus™. Your recommendation will be used to set the size of the manufacturing plant’s unionized workforce. (Note: You simply have to determine the best daily production capacity for the next 12 months, not the number of workers required.)

3. Write a short report summarizing the results of your analysis and any recommendations. 

Examine Real-World Implementations of U.S. Compliance Laws

 Purpose

Compliance is important because it is the act of following laws, rules, and regulations that apply to an organization.  For an organization to be compliant it involves following laws and regulations by interpreting them so that policies and procedures can be defined.  By you researching some of the various real world standards and laws you will not only recognize how they are there to protect individuals but also realize the impact that they have on an organization.

Task

Given the following list of international and domestic information security standards and compliance laws, choose one standard or law and describe its real-world implementations in both private and public sectors.

Information security standards:

  • American National Standards Institute (ANSI)
  • Institute of Electrical and Electronics Engineers (IEEE)
  • International Electrotechnical Commission (IEC)
  • International Organization for Standardization (ISO)
  • International Telecommunication Union Telecommunication Sector (ITU-T)
  • Internet Architecture Board (IAB)
  • Internet Engineering Task Force (IETF)
  • National Institute of Standards and Technology (NIST)
  • Payment Card Industry’s Data Security Standards (PCI DSS)
  • World Wide Web Consortium (W3C)

Compliance laws:

  • Children’s Internet Protection Act (CIPA)
  • Family Educational Rights and Privacy Act (FERPA)
  • Federal Information Systems Management Act (FISMA)
  • Gramm-Leach-Bliley Act (GLBA)
  • Health Insurance Portability and Accountability Act (HIPAA)
  • Sarbanes-Oxley (SOX) Act

Criteria

  • Format: Microsoft Word
  • Font Arial, Size 12, double-space
  • Length: 2- 3 pages

Construction -10

 

Directions: Use Visual Logic Console for all inputs and outputs.  If you are not familiar with Visual Logic, a flow chart can be used instead of a program to answer the questions that require Visual Logic.
Choose any 4 out of 5 Questions.

1. Write a Visual Logic program that calculates the following.    

a) The user enters an amount

b) The program calculates the interest at 5%. Write a procedure to calculate the interest earned and the total amount which includes the interest.

c) Write the output using format currency to display the interest earned and the total amount calculated in b).

Copy and paste the program and the output for credit and upload the program file.

2. Write a Visual Logic program where the user rolls two dice and the program displays the sum of them. Each dice contains numbers from 1-6.

a) Use random for the first dice. Display the first dice.

b) Use random for the second dice. Display the second dice.

c) Add them together as the sum.

Copy and paste the program and the output for credit and upload the program file.

  1. If the highest subscript in an array is nine and the subscripts start at zero, what is the size of the array?
  2. Think about arrays that they use in everyday life situations. What are the advantages of using these types of arrays? Are there any disadvantages?

5.       a) Write a Visual Logic program to declare and populate an array to hold five student test scores.  

           b) Write a Visual Logic program to calculate the student’s average for the test scores. Output the average test score.

HW

 

Discuss and describe some skills and competencies that you think are important to managers working in today’s world, characterized by generational differences, today’s workplace culture, technology, and sudden changes or threats from the environment. Describe some skills and competencies that you think are important to managers working in these conditions. 

 Using Scholarly and Peer-Reviewed Articles, and/or other professional resources, cite at least 2 scholarly/professional sources. Your answer should be a minimum of 250 words .