Week 2 Questions 4th Hour
Question 1…
Imagine you are the owner and president of a great and properous factory in a very nice community. The people of the community know and love you. You have been asked to attend many functions in the neighborhoods, etc.
You have 100 employees working for you and they earn $100 per year. (i.e. you pay them all a grand total of $10,000 per year from the business). Your company brings in $20,000 per year and you pocket $10,000 for yourself. You have gotten accustomed to the finer things in life and spend all $10,000 in a year, every year.
Unfortunately, the government informs you that you have been neglectful to the environment and you are being charged $5000 per year for clean up costs and you will need to introduce a new enviromental cleaning practice which will cost you $1000 per year every year to keep your business running.
What do you do? Do you cut back your lifestyle, cut jobs and put people in the unemployment line or a little of both?
Be very detailed in your response of what you will do and why you will do it.
Questions #2…
Write the net ionic equation for the reaction between calcium acetate and sodium phosphate. If there is no reaction, then write NR.
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February 2nd, 2009 at 8:35 pm
The employees do not deserve to get a pay cut. Here’s the deal. They make $100 a year; I make $10,000 a year. Even with the cutbacks and mandatory regulations, my profit will still be $4,000 (which is still way higher than $100). As a role model in the community, it should be easy to harbor the costs with pride. This is a no brainer. Let them keep their wages, and cut my own.
February 2nd, 2009 at 9:31 pm
I would cut back on my lifestyle a lot because I don’t want to put anyone out of a job, especially because who knows if they have families they need to support and things like that. I would sell my mansion, my fancy cars, and even my yacht, and help to pay for my fines that are due. I would buy a simple house (but stay on the east coast), and I would ride my bike to work and buy solar lights. If I did this for long enough I would have enough money to pay back my debts and fines and keep everyone happy and with a job, and I would probably be happier too!:):):)
February 2nd, 2009 at 9:42 pm
I think in this business situation you need to do what any major corporation would do. You need to cut some things back from different expenditures of your company. I would cut back 10 dollors off the salaries of my workers which would then cover the $1000 cleaning practice. Then I still have the $5000 clean up costs that I could cut off of my cut of the money, meaning that I may need to let some of the finer things go. Another option would be to lay off some of the employees depending on the necessary work amount in my business.
February 3rd, 2009 at 3:59 pm
In this situation there is only one way to break this down. There is no way I would be able to live without at least still making $8,000 a year. So, I would graciously drop a vacation or two from my lifestyle. I would certainly not want to cut any employees, because with new clean up there will definitely still be a lot of work to do. To make up the rest of the money I will cut forty dollars yearly from each of my employees’ salaries, this will still give them enough to live off of without hardship.
February 3rd, 2009 at 4:19 pm
I would cut back on my lifestyle. As Lauren nicely pointed out, who knows if these people have children or parents that are in health positions that need financial help. Cutting back would not be so bad, so you won’t make as much, but I will still get a pretty big chunk. Also with the economy the way it is right now the last thing Michigan needs is more people in its unemployment lines. If I were to cut jobs and put people in the unemployment lines I would be furthering our economic crisis and be doing no help to myself, my community who love me dearly, my state, or my country.
February 3rd, 2009 at 4:35 pm
If I was in that situation, I would cut back on my own lifestyle. The employees did nothing wrong and they do not make the decisions of the company, I do. Therefore, I would cut my own pay. If I neglected the enviroment it would be my fault not their fault. I would just take the money needed for cleanup out of my pay check. Everyone would still be able to keep their jobs and I would be the only one to have to cut back so the employees would not have been affected.
February 3rd, 2009 at 5:18 pm
I won’t put my employees out of business, but I will cut back on the amount of money that I’m paying them. I would deduct $20 off of their paychecks to cover the costs of the cleaning service.I would also cut back on my lifestyle a little. I wouldn’t waste all of my yearly income on things that I don’t need. I would sell my mansion on the beach and move into a condo on the beach. A condo costs a lot less than a mansion so I would have more money left over. I would also become more green and use environmental items in my house like solar light bulbs and things like that. In the end everyone wins, my workers don’t lose their jobs, I don’t have to completely cut back on my lifestyle, and I will have enough money to pay for the environmental cleaning practice.
February 3rd, 2009 at 6:10 pm
Question 1:
If I were in this situation, I would cut back on my own personal spending. I would feel responsible for the damage I had done to the environment. Since I am in charge of the company, I feel that it is my fault for being neglectful to the community’s environment, for the community looks to me as a role model. Although I have come accustomed to my living situation, I would do the responsible thing and cut back on my income until the company is up to par with the government’s regulations. Then, I might consider going back to my original salary.
February 3rd, 2009 at 7:48 pm
In this situation, I would certainly not cut any jobs because of the fact that I am such a nice guy. I also would not cut the pay of any of my employees because I pride myself on always doing the right thing. Thus, I would cut my own pay so that I would only earn 4000 dollars a year. This would keep all of my employees happy, and so I am sure that they would work extra hard for me for being such a good boss. Next, after a year went by, I would use my earnings to fund a rebellious attack on the government. I am certain that this rebellion would be a success, and so I would overthrow the government and rule the entire country as a dictator. As a result, I would no longer require my own factory to pay environmental costs, and so I could go back to earning 10,000 dollars a year. Therefore, everybody wins.
February 3rd, 2009 at 9:08 pm
In this case, I would cut back on a little of both my salary and the workers, however, it would not be a huge pay-cut for them. I would probably take more money from my own then from my workers because I would not want to cut the pay so much that they would have a difficult time supporting their families, or even themselves.
February 4th, 2009 at 1:06 pm
#1 What do you do? Do you cut back your lifestyle, cut jobs and put people in the unemployment line or a little of both?
I wouldn’t cut my lifestyle, because it’s not my fault that my employees have a low education. They always can go back to school and get a high education, thats why people are losing their jobs today. If I cut back jobs it will make people see that if they are going to make it in this world they have to have a good education. In this world you have to work hard to get ahead, because none is just going to give you everything you want. When I cut one of my employees and they ask me why they got fired. I am going to say because the person that was ahead of you had a higher education then you. Then I will say you should think of going to the mission and stay there until you go back to school and get a higher education. I know you may say “what about their family and kids”, but people some make bad decision in life, and that not my problem. You just have to fight throw the problem. I am not trying to be mean but that is life, and life is not nice. u digg
February 4th, 2009 at 1:11 pm
If this was the problem i was facing, I would take the 6000 dollar hit myself. I couldn’t live with myself if I took people’s jobs or cut their pay. It was likely my fault that i didnt foresee this problem anyway. I would put forth an effort to repair what I had damaged and apologize to the community so that I wouldn’t lose their support.
February 4th, 2009 at 3:59 pm
#1. I would take a pay cut, so I am only making $4000. It is my fault that the company ruined the environment, so the workers should not have to suffer any consequences for this. Also, I would sell my house, boat, and unneeded cars to try to make up up for the money that I have lost from my salary. I also do not want to add to the already awful unemployment rate in Michigan, so I would have to cut my own pay, not any of my workers. This is definitely the right thing to do.
February 4th, 2009 at 7:03 pm
If I was in this kind of situation I would try to cut back on my spending’s. I would also not cut back on my employees wages, because they are just making enough to feed the family and take care of things around their house. I know that if i were in a situation that the employers were in i would be very sacred and and would be concerned for my own sake and my family’s sake.
February 4th, 2009 at 8:00 pm
I agree with lance 100% percent. I don’t think it would be all bad for him to overthrow the government if he really is as good of a guy as he says. But firstly, i agree with what he would do with his company because it is very similar to what I would do.
February 4th, 2009 at 8:52 pm
I would have to disagree with Caitlin! It is very selfish to take money out of your employees pockets. As the boss you are making tons more than they are so you can still survive with a cut, they can’t.
February 4th, 2009 at 9:09 pm
#1
since i am such a gracious owner i would not fire any of my employees. however i would make some cuts to there pay. i believe that a fair price would be $10 because that would be enough to cover the clean up costs, and they wouldn’t feel like they where losing a whole lot of money. this $10 decrease would leave 5000 left to cover, and i would be willing to take that out of my salary because it was my responsibility as owner of the company to take care of the enviroment also. Since I failed to do so i should be the one to take the blame, and the pay cut. I can cut back on some of the finer things in life. Plus i am still making 10x’s more that the other workers. In the end the comunittee and workers would still love me.
#2
3Ca2+(aq) + 2C2H3O2- + PO4 3-(aq) —-> Ca3(PO4)2 (s) + C2H3O2- (s)
February 4th, 2009 at 9:24 pm
in a situation like this you have many options and if you are as close with them as you state then you should cut back on you spending habits. althogh sometimes business is business and you have to let people go its never easy to fire people, but would you rather have everyone suffer or just a few.by cutting jobs those who are saavy at their job will have somewhere to work and those who just go through the motions will lose their jobs.my question is why does he get 10,000 sollars and his workers only get 100. either way they should be mad at him theyve been getting jipped this whole time, people should pay attention to finances a little more
February 4th, 2009 at 9:33 pm
In response to Steve I think that you need to take a little bit of the hit and not place it all on the employees, also you should cut their pay some too and try to leave too many people completely without jobs, because that will not help the economy.
February 4th, 2009 at 10:30 pm
Question #1
hmmm…. I would cut my pay and have a salary of $3,500. I would live a simple life and sell all my “BIG” things and live a normal lifestyle. I wouldn’t cut any of my workers because they need the money for themselves and for their families. Our state does not need more unemployment. I would cut my pay, and keep my employees and have them earning the same wages they had as before.
February 4th, 2009 at 10:40 pm
I agree with Lauren even though she did not mention anything about numbers or slaries… but i enjoyed listening to what she would do if she lost alot of money while living on the east coast!
February 4th, 2009 at 11:09 pm
I would cut back on my income and then see where things go from that. If they don’t get any better then I would look for a cheap way to produce our product. After all of this, if things still aren’t working out for us then I would say it’s time for the wages of my employees to be cut or maybe we will have to lay some people off. Knowing that my employees depend on working would force me to try different things before cutting their pay.
I’m a nice guy.
February 5th, 2009 at 9:53 am
Question #1:What do you do? Do you cut back your lifestyle, cut jobs and put people in the unemployment line or a little of both?
If I was in this situation, I would cut back on my own lifestyle. I would cut back from $10,000 to $6,000. I would cut my own salary because i would feel bad if i had to fire people in order to have more money. I would not want to put people out of work. Also, I was the one who created the problem. I would also cut back on the workers salary. It would not be a huge pay cut though, because the people would still have to have money in order to support themselves and their families.
February 5th, 2009 at 4:22 pm
I think Kersti’s plan is very well thought out. She put a lot of thought into what she would do, and I think she has really good ideas on how to fix the problem. I still do not think the employer should cut the workers’ wages, but I do agree with what Kersti had to say about cutting back on her own lifestyle.
February 5th, 2009 at 6:56 pm
I am commenting on Mr. Mitchell’s response. And no steve, i dont “digg.” First of all, your whole rant was based upon the regulations of education. Have you read your own comment, Mr. Mitchell? The thing has close to a mol of spelling errors. It sounds a little hypocritical to me, steve. You also said how life is not nice. Really? We all know this, but a little help from one person can make a difference. It is the little things that people do to help make life an okay experience. Steve, we have a lot of work to do. I will be here for you buddy, so do not fear. That is all for now. – Mr. Pallas
February 7th, 2009 at 1:12 pm
I strongly disagree with Caitlin because I do not believe that the workers would be able to survive with a salary of only 60 dollars a year. As Mr. Holt clearly pointed out in class, the workers need 100 dollars just to meet the basic requirements for survival. 60 dollars a year just would not be enough for these workers, and so I think that you should stop being so selfish and cut your own pay down to $4000. I understand that you enjoy living the good life, but in this situation, you need to stop thinking about yourself and think about your hardworking employees. I think that $4000 dollars is more than enough to live the good life, eventhough it may not be as good as if you were making $10,000. Therefore, I would advise you to rethink your plan to cut your employees’ salraries down to only 60 dollars a year. Thanks.
February 7th, 2009 at 7:09 pm
I disagree with Steve’s response because I do not think that the employer should add to the unemployment line in Michigan. The economy is already terrible, so the employer should take the salary loss before any of the jobs are cut. The employees all have families that depend on them also, so they need that steady income from their job.
February 7th, 2009 at 9:00 pm
I think that Steve’s plan is funny because the people that you would hire to work in this plant would have to be educated in some way or another to be able to work with the machines. I don’t think that fighting is the answer to this problem either. Nice work Steve!
February 7th, 2009 at 10:42 pm
i agree with Sean Halloran. I coulndn’t be the mean guy that makes people lose their jobs. I would not be able to look at them and fire them. I also agree with Seans effort to repair what had been damaged and apologize to the community so that I wouldn’t lose their support. You need a happy a community.
February 8th, 2009 at 5:51 pm
I agree with Gabe’s response because as of right now our state has the highest unempolyment rate and why would anyone want to raise that rate. Our workers have families that they have to provide for and I don’t think I could handle having to let people in order to make my company better.
February 8th, 2009 at 8:03 pm
I also agree with Lauren because its not the employees fault that the government is making them pay clean-up costs and you as the owner are already makign a lot more money, and shouldn’t cut workers jobs or pay.
February 9th, 2009 at 7:28 am
im commenting on steve’s response.
sorry steve but although yours was by far the funniest respsonse i would have to say that i dissagree with it. I do not feel that you as a buisness owner are paying enough attention to your workers. I mean they have families to care for, and you can’t just put them out on the street.