Week 2 BUS461
crunprWriting a Business Report/Memo
Complete Problem 7 in Chapter 3 in the text. Develop a two to three-page business memorandum (not including the title and reference pages, and formatted as outlined on pages 30 through 32) to detail your answers and recommendations. To receive full credit for this assignment you must address the following: (a through d):
- Determine the optimal weekly production schedule for MVC. What is the optimal weekly profit?
- What is the minimum price that would justify producing the Plus Model? Explain.
- If MVC could purchase additional 17 inch monitors for $15 more than what they are currently paying for them, should they do this? Explain.
- Suppose an additional worker could be hired for $1000 per week over the existing weekly worker salary. (Recall that workers average 30 hours per week.) Analyze why MVC should do this.
Submit to your instructor your two- to three-page paper (not including title and reference pages). Your paper should be formatted according to APA style as outlined in the approved APA style guide, and should cite at least three to four scholarly sources in addition to the textbook.
Carefully review the Grading Rubric for the criteria that will be used to evaluate your assignment.
Description:
Total Possible Score: 8.00
Determines the Optimal Weekly Production Schedule for MVC and the Optimal Weekly Profit
Distinguished - Accurately determines the optimal weekly production schedule for MVC and the optimal weekly profit, demonstrating a thorough understanding of concepts presented throughout the course.
Proficient - Determines the optimal weekly production schedule for MVC and the optimal weekly profit, demonstrating an understanding of concepts presented throughout the course
Basic - Vaguely determines the optimal weekly production schedule for MVC and the optimal weekly profit, demonstrating a rudimentary understanding of concepts presented throughout the course.
Below Expectations - Attempts to determine the optimal weekly production schedule for MVC; however, the weekly profit is not determined, demonstrating a lack of understanding of the concepts presented throughout the course.
Non-Performance - The determination of the optimal weekly production schedule and the optimal weekly profit is either nonexistent or lacks the components described in the assignment instructions.
Explains the Minimum Price that Would Justify Producing the Plus Model
Distinguished - Thoroughly explains the minimum price that would justify the production of the Plus model.
Proficient - Explains the minimum price that would justify the production of the Plus model. Minor details are missing.
Basic - Vaguely explains the minimum price that would justify the production of the Plus model. Relevant details are missing.
Below Expectations - Attempts to explain the minimum price that would justify the production of the Plus model; however, significant details are missing
Non-Performance - The explanation of the minimum price that would justify producing the Plus model is either nonexistent or lacks the components described in the assignment instructions.
Explains Why MVC should Purchase Additional Monitors
Distinguished - Thoroughly explains why MVC should purchase additional 17 inch monitors for $15 more than what they are currently paying. Utilizes strong relevant examples to illustrate points.
Proficient - Explains why MVC should purchase additional 17 inch monitors for $15 more than what they are currently paying. Utilizes examples to illustrate points.
Basic - Briefly explains why MVC should purchase additional 17 inch monitors for $15 more than what they are currently paying. Utilizes limited examples to illustrate points.
Below Expectations - Attempts to explain why MVC should purchase additional 17 inch monitors for $15 more than what they are currently paying; however, examples are not used to illustrate points.
Non-Performance - The explanation of why MVC should purchase additional 17 inch monitors for $15 more than current prices is either nonexistent or lacks the components described in the assignment.
Analyzes Why MVC Should Hire an Additional Worker
Distinguished - Provides a thorough analysis of adding an additional worker at a cost of $1,000 per week over the existing weekly worker salary. Expertly applies concepts and vocabulary from the text and/or additional scholarly sources.
Proficient - Provides an analysis of adding an additional worker at a cost of $1,000 per week over the existing weekly worker salary. Sufficiently applies concepts and vocabulary from the text and/or additional scholarly sources. The analysis is slightly underdeveloped.
Basic - Provides a limited analysis of adding an additional worker at a cost of $1,000 per week over the existing weekly worker salary. Minimally applies concepts and vocabulary from the text and/or additional scholarly sources. The analysis is underdeveloped.
Below Expectations - Attempts to provide an analysis of adding an additional worker at a cost of $1,000 per week over the existing weekly worker salary; however, concepts and vocabulary from the text and/or additional scholarly sources are not applied and the analysis is significantly underdeveloped.
Non-Performance - The analysis of adding an additional worker at a cost of $1,000 per week over the existing weekly worker salary is nonexistent or lacks the components described in the assignment.
Written Communication: Context of and Purpose for Writing
Distinguished - Demonstrates methodical application of organization and presentation of content. The purpose of the writing is evident and easy to understand. Summaries, quotes, and/or paraphrases fit naturally into the sentences and paragraphs. Paper flows smoothly.
Proficient - Demonstrates sufficient application of organization and presentation of content. The purpose of the writing is, for the most part, clear and easy to understand. There are some problems with the blending of summaries, paraphrases, and quotes. Paper flows somewhat smoothly.
Basic - Demonstrates a limited understanding of organization and presentation of content in written work. The purpose of the writing is somewhat evident, but may not be integrated throughout the assignment. There are many problems with the blending of summaries, paraphrases, and quotes. Paper does not flow smoothly in all sections.
Below Expectations - Organization and presentation of content is extremely limited. The purpose of the writing is unclear. There is little or no blending of summaries, paraphrases, and quotes. Paper does not flow smoothly when read.
Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.
Critical Thinking: Explanation of Issues
Distinguished - Clearly and comprehensively explains in detail the issue to be considered, delivering all relevant information necessary for a full understanding.
Proficient - Clearly explains in detail the issue to be considered, delivering enough relevant information for an adequate understanding.
Basic - Briefly recognizes the issue to be considered, delivering minimal information for a basic understanding.
Below Expectations - Briefly recognizes the issue to be considered, but may not deliver additional information necessary for a basic understanding.
Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.
Integrative Learning: Transfer
Distinguished - Adapts and employs, independently, skills, abilities, theories, or methodologies gained in one situation to new situations. Solves difficult problems or explores complex issues in original ways.
Proficient - Utilizes skills, abilities, theories, or methodologies gained in one situation to new situations, contributing to an understanding of problems or issues.
Basic - Attempts to utilize, in a basic way, skills, abilities, theories, or methodologies gained in one situation, in a new situation.
Below Expectations - Attempts to utilize, in a basic way, skills, abilities, theories, or methodologies gained in one situation in a new situation. Such attempts may be ineffective.
Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.
Written Communication: Control of Syntax and Mechanics
Distinguished - Displays meticulous comprehension and organization of syntax and mechanics, such as spelling and grammar. Written work contains no errors, and is very easy to understand.
Proficient - Displays comprehension and organization of syntax and mechanics, such as spelling and grammar. Written work contains only a few minor errors, and is mostly easy to understand.
Basic - Displays basic comprehension of syntax and mechanics, such as spelling and grammar. Written work contains a few errors, which may slightly distract the reader.
Below Expectations - Fails to display basic comprehension of syntax or mechanics, such as spelling and grammar. Written work contains major errors, which distract the reader.
Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.
Written Communication: APA Formatting
Distinguished - Accurately uses APA formatting consistently throughout the paper, title page, and reference page.
Proficient - Exhibits APA formatting throughout the paper. However, layout contains a few minor errors.
Basic - Exhibits basic knowledge of APA formatting throughout the paper. However, layout does not meet all APA requirements.
Below Expectations - Fails to exhibit basic knowledge of APA formatting. There are frequent errors, making the layout difficult to distinguish as APA.
Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.
Written Communication: Page Requirement
Distinguished - The paper meets the specific page requirement stipulated in the assignment description.
Proficient - The paper closely meets the page requirement stipulated in the assignment description.
Basic - The paper meets over half of the page requirement stipulated in the assignment description.
Below Expectations - A fraction of the page requirement is completed.
Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.
Written Communication: Resource Requirement
Distinguished - Uses more than the required number of scholarly sources, providing compelling evidence to support ideas. All sources on the reference page are used and cited correctly within the body of the assignment.
Proficient - Uses required number of scholarly sources to support ideas. All sources on the reference page are used and cited correctly within the body of the assignment.
Basic - Uses less than the required number of sources to support ideas. Some sources may not be scholarly. Most sources on the reference page are used within the body of the assignment. Citations may not be formatted correctly.
Below Expectations - Uses inadequate number of sources that provide little or no support for ideas. Sources used may not be scholarly. Most sources on the reference page are not used within the body of the assignment. Citations are not formatted correctly.
Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.
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