Forecasting as A Tool for Planning Solution

Forecasting as A Tool for Planning

Table of Contents

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Instructions

Forecasting as A Tool for Planning

Forecasting is used as a tool for planning. When developing forecasts, firms need to think of all possible scenarios and their future impacts.

For example, if you are in a management role and over forecast sales, you will then over forecast employees or payroll as you will schedule more employees than needed to meet your projected sales. This over forecasting will lead to excess purchasing of supplies and, ultimately, lead to insufficient cash flows because you will need to pay for expenses incurred to maintain and provide services for revenues that did not come in as projected. A small error in forecasting at the start can significantly affect overall results. In this assignment, you will be exposed to the basic principles of forecasting.

Tasks:

Research a firm that applies forecasting principles and methods. You can take examples from your own work experiences. You can also consult sources such as the Wall Street Journal, Financial Times, Bloomberg Markets, the Economist, US News and World Report

Create a 4- to 5-page research paper that includes responses to the following:

• Identify the sales forecast for the firm.
• Analyze how this sales forecast impacts all other forecasts for the firm, such as materials, labor, overhead, cash receipts, and disbursements.
• Explain the exogenous factors that you need to be aware of when developing these forecasts.
• Evaluate the prerequisites of a good forecast that you should keep in mind as a manager when budgeting sales and production amounts.

At the end of your report, include a reference page and cite scholarly sources in APA style.

Forecasting as A Tool for Planning

Pharma CARE/Compare scenario that is attached to complete this assignment.

Paper must be original.

Write a ten to twelve (10-12) page paper in which you:

1. Research three to five (3-5) ethical issues relating to marketing and advertising, intellectual property, and regulation of product safety.
2. Argue for or against Direct-to-Consumer (DTC) marketing by drug companies.
3. Determine who regulates compounding pharmacies under the current regulatory scheme, what the Food and Drug Administration (FDA) could / should have done in this scenario, and whether the FDA should be granted more power over compounding pharmacies.
4. Decide whether PharmaCARE’s use of Colberian intellectual property would be ethical in accordance with:
5. Utilitarianism
6. Deontology
7. Virtue ethics
8. Ethics of care
9. Your own moral / ethical compass
10. Analyze the way PharmaCARE uses U.S. law to protect its own intellectual property while co-opting intellectual property in Colberia.
11. Suggest at least three (3) ways the company could compensate the people and nation of Colberia for the use of its intellectual property and the damage to its environment.
12. Compare PharmaCARE’s actions with those of at least one (1) real-world company whose creativity in skirting legal technicalities led to ethical lapses and financial loss.
13. Determine the success PharmaCARE and WellCo shareholders would have in suits against the companies.
14. Determine whether or not PharmaCARE lives up to its brand. Support the response.
15. Recommend at least three (3) changes PharmaCARE can make to be more ethical going forward.
16. Use at least three (3) quality resources in this assignment. Note:Wikipedia is not an acceptable reference and proprietary Websites do not qualify as academic resources.

 

Your assignment must follow these formatting requirements

 

Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.

Provide a short essay answer for each question; cite your work using APA style.

Briefly describe two forerunners of the present-day jury trial.

What is the technical definition of evidence and what is the purpose of evidence when presented at trial?

“Rules of evidence,” or the “law of evidence,” as they are also known, are a set of regulations that act as guidelines. List at least three of these general guidelines.

How does the dual judicial system operate in the United States?

List 3 reasons why a defense attorney may want to cross-examine a witness.

What is the police officer’s role in helping the prosecutor prepare for trial?

State the basic purpose of a trial.

List the six qualifications for being a juror.

Briefly explain the process of voir dire.

List three activities a police officer will likely engage in prior to the trial.

Forecasting as A Tool for Planning

RUBRIC
Excellent Quality 95-100%	Introduction 45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.		Literature Support 91-84  points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.			Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score 50-85%	40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.		83-76  points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.			52-49  points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality 0-45%	37-1 points The background and/or significance are missing. No search history information is provided.		75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.			48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
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