ECO 581 KU Managerial Economics and Stocking Article Review

Description

Select an article from the news of the past week that illustrates one or two of the concepts that are discussed in chapters 1 and 2. In a paper of no more than two pages (double spaced, one inch margins, 12 point type) briefly summarize the article and discuss the underlying economic concept(s) of the article.

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Rubric Detail
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Content
Name: Rubric for Papers
Description: Quality of Content Scoring is based on the main categories: (a)Clarity of Introduction (b) Application of Theory
(c) References (d) Critical and Creative Thinking and (e) Quality of Writing
Exit
•
•
Grid View
List View
Poor
Satisfactory
Good
Excellent
Clarity of
Introduction
Points
Range:0 (0.00%) 3.45 (3.45%)
Introduction – Student
introduces very little
or no topic and tells
the reader what to
expect.
Points
Range:3.5 (3.50%) 3.95 (3.95%)
Introduction – Student
introduces very little
of the topic and tells
the reader what to
expect.
Points
Range:4 (4.00%) 4.45 (4.45%)
Introduction – Student
introduces some of
the topic and tells the
reader what to
expect.
Points
Range:4.5 (4.50%) 5 (5.00%)
Introduction – Student
introduces the topic
and tells the reader
what to expect.
Application of
Theory
Points
Range:0 (0.00%) 6.9 (6.90%)
Accuracy – Student
applies very little or
no theory and/or
research to the topic.
Points
Range:7 (7.00%) 7.9 (7.90%)
Accuracy – Student
applies very little
theory and/or
research to the topic.
Points
Range:8 (8.00%) 8.9 (8.90%)
Accuracy – Student
applies some theory
and/or some research
to the topic.
Points
Range:9 (9.00%) 10 (10.00%)
Accuracy – Student
accurately applies
theory and/or
research to the topic.
Relevance
Points
Range:0 (0.00%) 10.35 (10.35%)
Points
Range:10.5 (10.50%) 11.85 (11.85%)
Points
Range:12 (12.00%) 13.35 (13.35%)
Points
Range:13.5 (13.50%) 15 (15.00%)
Poor
Satisfactory
Good
Excellent
Relevance – Student
focuses very little or
no discussion directly
on topic content.
Relevance – Student
focuses very little
discussion directly on
topic content.
Relevance – Student
focuses some
discussion directly on
topic content.
Relevance – Student
focuses discussion
directly on topic
content.
ReferencesResources
Points
Range:0 (0.00%) 3.45 (3.45%)
Resources – Student
uses very little or no
peer reviewed and/or
scholarly resources.
Points
Range:3.5 (3.50%) 3.95 (3.95%)
Resources – Student
uses very little or no
peer reviewed and/or
scholarly resources.
Points
Range:4 (4.00%) 4.45 (4.45%)
Resources – Student
uses some peer
reviewed and/or
scholarly resources.
Points
Range:4.5 (4.50%) 5 (5.00%)
Resources – Student
uses peer reviewed
and/or scholarly
resources.
Reference List
Points
Range:0 (0.00%) 3.45 (3.45%)
Reference List –
Reference list is
poorly constructed or
not constructed at all.
Points
Range:3.5 (3.50%) 3.95 (3.95%)
Reference List –
Reference list is fairly
constructed.
Points
Range:4 (4.00%) 4.45 (4.45%)
Reference List –
Reference list is fairly
well constructed.
Points
Range:4.5 (4.50%) 5 (5.00%)
Reference List –
Reference list is
properly constructed.
In-Text Citations and
Paraphrasing
Points
Range:0 (0.00%) 3.45 (3.45%)
In Text Citations and
Paraphrasing – In text
citations and
paraphrasing are
done using very little
or no format required
for scholarly work.
Points
Range:3.5 (3.50%) 3.95 (3.95%)
In Text Citations and
Paraphrasing – In text
citations and
paraphrasing are
done using very little
format required for
scholarly work.
Points
Range:4 (4.00%) 4.45 (4.45%)
In Text Citations and
Paraphrasing – In text
citations and
paraphrasing are
done fairly well using
format required for
scholarly work.
Points
Range:4.5 (4.50%) 5 (5.00%)
In Text Citations and
Paraphrasing – In text
citations and
paraphrasing are
done using format
required for scholarly
work.
Poor
Satisfactory
Good
Excellent
Critical Thinking
Points
Range:0 (0.00%) 13.8 (13.80%)
Critical Thinking Student applies very
little or no higher-level
thinking skills (e.g.,
evaluates and
analyzes) prior to
making
recommendations.
Points
Range:14 (14.00%) 15.8 (15.80%)
Critical Thinking Student applies very
little higher-level
thinking skills (e.g.,
evaluates and
analyzes) prior to
making
recommendations.
Points
Range:16 (16.00%) 17.8 (17.80%)
Critical Thinking Student applies some
higher-level thinking
skills (e.g., evaluates
and analyzes) prior to
making
recommendations.
Points
Range:18 (18.00%) 20 (20.00%)
Critical Thinking Student applies
higher-level thinking
skills (e.g., evaluates
and analyzes) prior to
making
recommendations.
Creative Thinking
Points
Range:0 (0.00%) 6.9 (6.90%)
Recommendations
demonstrate very little
or no original thinking.
Points
Range:7 (7.00%) 7.9 (7.90%)
Recommendations
demonstrate very little
original thinking.
Points
Range:8 (8.00%) 8.9 (8.90%)
Recommendations
demonstrate some
level original thinking.
Points
Range:9 (9.00%) 10 (10.00%)
Recommendations
demonstrate original
thinking.
Quality of WritingAPA Formatting
Points
Range:0 (0.00%) 6.9 (6.90%)
Format – Text does
not meet
APA/Graduate School
standards or meets it
to a minimum.
Points
Range:7 (7.00%) 7.9 (7.90%)
Format – Text meets
APA/Graduate School
standards to an
accepted minimum.
Points
Range:8 (8.00%) 8.9 (8.90%)
Format – Text meets
APA/Graduate School
standards to
acceptable standards.
Points
Range:9 (9.00%) 10 (10.00%)
Format – Text meets
APA/Graduate School
standards.
Organization
Points
Range:0 (0.00%) 3.45 (3.45%)
Organization Organization of paper
demonstrates very
Points
Range:3.5 (3.50%) 3.95 (3.95%)
Organization Organization of paper
Points
Range:4 (4.00%) 4.45 (4.45%)
Organization Organization of paper
Points
Range:4.5 (4.50%) 5 (5.00%)
Organization Organization of paper
Poor
Satisfactory
Good
Excellent
little or no critical
thinking.
demonstrates very
little critical thinking.
demonstrates some
critical thinking.
demonstrates critical
thinking.
Precision
Points
Range:0 (0.00%) 3.45 (3.45%)
Student uses very
little terminology and
writes clearly and
concisely to a
minimum or below
expectations.
Points
Range:3.5 (3.50%) 3.95 (3.95%)
Student uses vey little
terminology and
writes clearly and
concisely to a
minimum acceptable
standard.
Points
Range:4 (4.00%) 4.45 (4.45%)
Student uses some
terminology and
writes somewhat
clearly and concisely.
Points
Range:4.5 (4.50%) 5 (5.00%)
Student uses
terminology and
writes clearly and
concisely.
Mechanics
Points
Range:0 (0.00%) 3.45 (3.45%)
Student spells,
constructs sentences,
and punctuates
correctly few times or
none.
Points
Range:3.5 (3.50%) 3.95 (3.95%)
Student spells,
constructs sentences,
and punctuates
correctly few times.
Points
Range:4 (4.00%) 4.45 (4.45%)
Student spells,
constructs sentences,
and punctuates
correctly most of the
time.
Points
Range:4.5 (4.50%) 5 (5.00%)
Student spells,
constructs sentences,
and punctuates
correctly.
Name:Rubric for Papers
Description:Quality of Content Scoring is based on the main categories: (a)Clarity of Introduction (b) Application of Theory
(c) References (d) Critical and Creative Thinking and (e) Quality of Writing
Publix sees
$1B sales
revenue
spike
than be
onavirus.
It’s a net gain
stomach/walle
y,” Springers
ail to The Ledg
ublix reported
in sales revenu
rter ending M
ording to ac
ted to
OS
Lakeland-based grocer
also absorbs major
investment losses
related to pandemic
tement release
Ittributed abo
10f sales, or 10
arterly total, tc
-related buyin
The coronav
mic was de
ational emer
[arch 13, the
oted.
But superma
vere emptie
tems
suc
Japer, hand
bleach, house
ers and water
before then.
By Kevin Bouffard
The Ledger
First quar
year increas
ci-
ate
ic.
ts
LAKELAND – Buoyed by
roughly $1 billion in COVID-19
purchases as the state of Flor-
ida locked down, Publix Super
Markets Inc. reported a 16%
increase in sales revenue for the
first quarter.
But as with most splurges, a
hangover usually follows.
“Most supermarkets, includ-
ing Publix, experienced huge
‘stock-up’ trips, and will
see some slowness in those
shopped-down categories as
consumers work through their
stocked-up inventory,” said Jon
Springer, a supermarket indus-
try analyst and executive editor
publication.
billion in th
ter in 2019,
reported. Sa
for the quar
Same-sto
retail metri
sales at stor
one year.
company’s
by attractin
It
u
??
d
0
of Grocery Business, an industry
See PUBLIX, A3
officials wanted more time House criteria for a full celebrations and
to ensure the virus was
“phase one” reopening, occasions, he added. With
PUBLIX
experienced a more chal-
Todd Jones said in the
statement. “Our associ-
shoppers apart from open-
Publix stock is not pub-
ing new stores.
licly traded and is held
Publix saw a quarterly by current and former
From Page A1
profit of $667.3 million
employees, including
(94 cents per share), a 32%
members of the board of
decline compared to $981
directors. Independent
“Since social distancing, million ($1.37 per share) in
financial analysts deter-
grocers may be seeing fewer last year’s first quarter.
mine the Publix stock prices
trips, but sales are still up as
The surge in sales rev- based on a comparison of
average rings are bigger and enue could not overcome
financial performance in
supermarkets absorb most losses in the company’s
of the business that had
a “peer group” of other
investments as financial supermarket chains: Ahold
markets took a beating in
Delhaize, Kroger and Weis
recent months because of Markets.
the coronavirus-related
“Never before have we
economic shutdown.
“Net earnings (profits) lenging time,” Publix CEO
and earnings per share were
impacted by net unreal-
ates’ efforts to serve our
ized losses and gains on
customers and commu-
equity securities (stocks
and bonds),” the statement nities have been nothing
said.
short of extraordinary. I
Publix took a paper loss
want to thank our associ-
of $387.4 million on its ates and couldn’t be more
investments in this year’s
proud to serve alongside
first quarter compared to
them.”
lion of sales, or 10.3% of the
a $314.3 million gain a year
Publix employs more
earlier.
quarterly total, to COVID-
than 200,000 people
If not for the investment
19-related buying.
in 1,242 stores in seven
losses, Publix’s first quarter
The coronavirus pan-
Southeastern states. Flor-
profit would have jumped ida is its largest market
demic was declared a 29% to $956.2 million with 807 stores followed by
March 13, the statement
($1.35 per share) compared o Georgia, Alabama, South
to $741.7 million ($1.04) in Carolina, Tennessee, North
noted.
the same quarter last year.
But supermarket shelves
Carolina and Virginia.
Publix increased its
were emptied of many stock price 2.5% to $50.10
items such as toilet per share effective Friday reached at kevin.bouf-
Kevin Bouffard can be
paper, hand sanitizers, compared to $48.90 per fard@theledger.com
bleach, household clean-
ers and water – for weeks
been going to restaurants,
schools and other venues.”
Sales may level off even-
tually, he added, but at a
higher level than before the
coronavirus.
“It’s a net gain in share
of stomach/wallet for gro-
cery,” Springer said in an
email to The Ledger.
Publix reported $11.2 bil-
lion in sales revenue for the
quarter ending March 28,
according to a company
statement released Friday.
It attributed about $1 bil-
national emergency on
share in the fourth quarter.
or at 863-802-7591.
LILLY&BROWN LLP
before then.
First quarter sales this
year increased from $9.7
billion in the same quar-
ter in
2019,
the
company
reported. Same-store sales
for the quarter rose 14.4%.
Same-store sales is a key
retail metric accounting for
sales at stores open at least
one year. It measures a
company’s ability to grow
by attracting new sales and
U you bave a serious bealth problem, you choose a
specialist any reason to not bire a lawyer the same way?
Kent Lilly – Board Certified Trial Lawyer
Lillybrownlaw.com 683-1111
Lakeland | Haines City | Lake Wales | Sebring
RETREAT YOURSELF

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Explanation & Answer:
2 pages

Tags:
managerial economics

balance in the economy

Newspaper summary

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