complete short discussions due 2


Costing Systems and Analysis

Option 1

Discuss the usage and creation of standard costs by an operation. How are these costs developed? How can they be used in the creation of a forecast? How can these be used in an individual or organizational measurement system?


Discuss health insurance regulation in the United States, being sure to include both state and federal regulations. What happens in the event that state and federal health insurance regulations conflict?


  1. What makes a problem or situation an ethical issue?
  2. How are business ethics and social responsibility related?


While millions of plants, animals, and microbes have been identified, new species are constantly being discovered and described. Some identifications are based on finding fossils. However, for this discussion, identify and discuss new species discoveries that are alive on Earth today.


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Complete Short Discussions Due

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Part I: Individual Risk Assessment Acute Infectious Disease Risk Assessment: Take the CDC’s Viral Hepatitis Risk Assessment. Hepatitis A, B, C

Chronic Heart Disease Risk Assessment: Take the Framingham Heart Study test for Cardiovascular Disease (30-year risk); (calculator), and/or the Mayo Clinic Heart Disease Risk; (calculator)
In general terms, what are some of the risk factors identified from your research assessment? What other types of risk factors are a concern to public and environmental health that may be identified through a risk assessment?

PART II: Public Health Risk Assessment: The health risk assessment is typically described as consisting of four basic steps: 1) hazard identification, 2) exposure assessment, 3) dose-response assessment, and 4) risk characterization. Explain these steps.

Note: You may do Part I, II or both discussion questions as time permits.


Describe the difference between the probability of two mutually exclusive events, two complementary events, and two events that are not mutually exclusive. Give examples of each.


Utopian and Transcendental Thought inspired Karl Marx’s communist model. Do you think it affected the American way of seeing society or do you believe American’s are likely to reject a Utopian approach to society? Compare the perfection sought by these groups and then consider the approaches to social change that emerged from the Second Great Awakening.


Cash Flow Statement Analyis

This week we turn to the last of the major financial statements – the Cash Flow Statement.

  1. Locate and post a screen shot of an actual Cash Flow Statement from the latest fiscal year for one of the following companies:
    • Medtronics
    • ServiceMaster
    • Your own Company (or any company you choose)
  2. Pick a Cash Flow Statement line item or ratio from the following list:
    Line Item Ratio
    • Net Change in Cash
    • Cash Flow from Operations
    • Cash Flow from Investing
    • Cash Flow from Financing
    • Capital Expenditures
    • Dividends Paid
    • Proceeds from Long Term Debt
    • Cash Flow Return on Assets
    • Dividend Payout Ratio
    • Cap Ex to Depreciation Ratio
    • Free Cash Flow
  1. What does this line item or ratio measure and why is it important for Management to understand this number
  2. From the Cash Flow Statement, identify the past 4 years of amounts for your line item or ratio. Share this data with the class using a data table or chart.
  3. Answer the following questions:
    • What is the trend for this line item or ratio?
    • Has the line item or ratio amount increased or decreased?
    • Is this a “good” or a “bad” thing for this company?
    • What might management do to improve this line item or ratio?