HLTA02H3 Lecture 9: Lecture 9

62 views2 pages

skyhyena673

11 Jan 2012

School

Department

Course

Professor

For unlimited access to Class Notes, a Class+ subscription is required.

Document Summary

Lecture 9 notes y first picture of the earth taken from the moon. Moon is something we can see but not the earth. y looking at this picture made people realize they should be preserving life y support system. It wasn t that we ran out of oil. It wasn t a shortage like we ran out of oil. Opec said were going to take a stand and not distribute much oil. Raised oil price by 70% and cut productions in 5% increments. This occurred in the 1970s when car culture was big. Got people to think about what to do if we actually ran out of oil which is foreseeable. People didn t worry about oil till this oil crisis happened. Couple of things changed: speed limit were introduced (slower you go, the less gas you use-be efficient in fuel usage). We had refinements on zones near school and hospitals. Usa did all this a bit before canada.

Related Questions

Suppose that, in an attempt to entice citizens to conserve energy, the government enacted regulations requiring that all air conditioners be more efficient in their use of electricity. After this regulation was implemented, government officials were then surprised to discover that people used even more electricity than before. Using the concept of price elasticity, which of the following statements best explains how this increase might have occurred?

A-	Because the regulation effectively reduced the price of cool air, consumers with sufficiently elastic demand might have bought substantially more of it.
	B- There is no way the observed change could have occurred if all consumers were fully informed, self-interested, and rational.
	C- The government ignored the possibility that the demand curve for electricity might be upward sloping.
	D- In practice, people often pay little attention to the relevant costs and benefits when deciding how much of a good, like electricity, to use.

amberalpaca853

In an attempt to induce citizens to conserve energy, the government enacted regulations requiring all air conditioners to be more efficient in their use of electricity. After this regulation was implemented, government officials were surprised to discover that people used even more electricity than before. Using the concept of price elasticity, which of the following statements explains how this could happen. Circle all that apply. Hint: You must graph the market for Cold Air in order to make a reasonable conclusion.

A. The demand for cold air must have increased as the price of another degree of cooler air decreased with a more efficient air conditioner.

B. ALL Individuals must have responded to the change in the price to produce cold air by lowering their thermostats significantly.

C. The demand for cold air must be elastic and the price for another degree of cooler air decreased.

D. The demand for cold air must be inelastic and the price for another degree of cooler air decreased.

E. The increase in the quantity demanded for cold air must have overpowered the efficiency gains from the newer air conditioners.

sapphirealpaca185

As a senior manager for a global player in automobile productionand sales, Kirby Ellis had joined thousands of fellow employees inthe excitement surrounding production of the companyâs new hybridvehicles. But barely two years into production, embarrassingcomponent shortages, delivery delays, and a recall of the firstmodels had a ripple effect, presenting the company with mountingconcerns. In the confusion, many customers canceled orders andturned to competitors for purchase of the eco-friendly vehicles.Ellisâs company was facing a financial downturn. With three decadesof service to the company, Kirby led a contingent of managersintent upon keeping together as much of the company and as manyemployees as possible. âWe know there will be some necessary cuts,âKirby admitted. âBut this company has a long history of sticking byits people. Our first priority should be internal streamlining ofhow we do things and making sure we have the right people onboard.â Many managers liked what they heard from Kirby. He was wellrespected and had an unequaled reputation for his leadership andcollaborative skills and his ability to work with managers, as wellas line workers on the factory floors. People marveled at thenumber of individuals he knew on a personal level throughout thecompany. Drew Cunningham influenced a second contingent within themanagement group. A brash go-getter with a reputation for fixingcompanies in crisis, Cunningham proposed across-the-board cuts inemployees in order to implement a solution as quickly as possible.He proposed the immediate creation of a forced ranking system inorder to identify and get rid of lower-ranking employees. Kirbyraised his hand and rose to his feet in objection. âSo weâre goingto create a system to fire â¦â âI didnât say fire â¦â âOK, cut ourown hard-working people? It sounds like some lame governmentcommission,â Kirby said. âWeâve got bright people. This thingsimply got worse faster than we thought. We can work with thepeople we have in setting up more efficient workflow, establishingreasonable deadlines to increase output and â¦â âKirby, these arenot the days of knowing everyone in the plant,â Drew said. âYouârenot throwing out your wifeâs uncle Harry. We are taking a seriouslook at what we do, how we do it, and streamlining everything bykeeping the right people in the organization and cutting therest.

1. What kind of employee social contract is assumed by Kirby andCunningham?Explain.

2. If you were an HR manager at the company, which view wouldyou support? Why?.

3. HR department hire and develop human capital tp serve theorganization's strategy and drive performance. Which approach-Kirby's or Cunningham's-is more likely to have a greater positiveimpact on performace? Discuss

puceherring168

HLTA02H3 Lecture 9: Lecture 9

Document Summary

Get access

Related Questions