(Mt) – Answer the following

Grantham University MGM Grand Hotel & Casino Case Study Questions
14.5 Case StudiesCasinos and CrimeSource: Photo courtesy of emdot, http://www.flickr.com/photos/emdot/22751767.Earl Grinol …

Grantham University MGM Grand Hotel & Casino Case Study Questions
14.5 Case StudiesCasinos and CrimeSource: Photo courtesy of emdot, http://www.flickr.com/photos/emdot/22751767.Earl Grinols and David Mustard are economists and, like a lot of people, intrigued by both casinos and crime. In their case, they were especially curious about whether the first causes the second. It does, according to their study. Eight percent of crime occurring in counties that have casinos results from the legalized gambling. In strictly financial terms—which are the ones they’re comfortable with as economists—the cost of casino-caused crime is about $65 per adult per year in those counties.When casinos come to town, the following specific crimes increase:Robbery (in all three major categories: of individuals, of their homes, of their cars)Aggravated assaultRapeThe crimes also increased to some extent in neighboring counties.Situation: A casino regular runs out of money after a string of bad cards. She coasts out to the street and drops her purse in front of an out-of-towner. When the chivalrous guy bends over to pick it up for her, she picks his back pocket. With the Casinos and CrimeSource: Photo courtesy of emdot, http://www.flickr.com/photos/emdot/22751767.Earl Grinols and David Mustard are economists and, like a lot of people, intrigued by both casinos and crime. In their case, they were especially curious about whether the first causes the second. It does, according to their study. Eight percent of crime occurring in counties that have casinos results from the legalized gambling. In strictly financial terms—which are the ones they’re comfortable with as economists—the cost of casino-caused crime is about $65 per adult per year in those counties.When casinos come to town, the following specific crimes increase:Robbery (in all three major categories: of individuals, of their homes, of their cars)Aggravated assaultRapeThe crimes also increased to some extent in neighboring counties.Situation: A casino regular runs out of money after a string of bad cards. She coasts out to the street and drops her purse in front of an out-of-towner. When the chivalrous guy bends over to pick it up for her, she picks his back pocket. With the $400 stolen from the wallet, she heads back into the casino, spends $140 on hard liquor, loses the rest at the roulette table, and goes home. She wakes up alone, though some underwear she finds on her floor makes her think she probably didn’t start the night that way. Casinos and CrimeQuestionsIn a sole proprietorship one person owns a company and legally takes full responsibility for the business’s actions. In fact, in many casino states and counties laws protect owners from liability claims arising from problems caused by gambling. In ethical terms, however, if you’re the sole proprietor of the casino, do you feel any responsibility for this episode? Why, or why not? If you feel responsibility, to whom would it be? What could you do to set things right?You own only 5 percent of a partner-owned casino, and don’t pay too much attention to what goes on inside. In fact, you don’t like gambling and only invested in the enterprise as a favor to a friend. Do you feel any ethical responsibility for this episode? Why, or why not?You’re an equal partner in a nonprofit organization that runs the casino to support the cause of building schools for children in impoverished sections of Peru. You spend a few months every year down there building schools and giving free English-language classes. In ethical terms (and regardless of what the law allows), do you believe anyone involved in this episode should be able to sue you personally for their suffering? Why, or why not?Large public corporations protect their owners from the legal implications of what the corporation does through an organizational structure: a board of directors acts as a buffer between the owners (the shareholders) and the hired executives who actually make day-to-day decisions.Say that the casino under discussion in this set of questions is the MGM Grand Hotel & Casino in Las Vegas, which is owned by a large, public corporation. You have five shares of stock inherited a few years ago when a relative died. You are legally protected from liability claims. In ethical terms, however, do you believe that anyone involved in this episode should be able to sue you personally—or just plain blame you—for their suffering? Why, or why not?The woman in the story is your eighteen-year-old daughter. Does that change any of your answers? Explain.An externality in the economic world is a part of the cost of a good or service that isn’t paid by the producer or by the consumer; the bill is, in one way or another, left for others to pay. What externalities probably belong to casinos? Are there any positive externalities that probably belong to casinos?Pigouvian taxes (named after economist Arthur Pigou, a pioneer in the theory of externalities) attempt to correct externalities—and so formalize a corporate social responsibility—by levying a tax equal to the costs of the externality to society. The casino, in other words, that causes crime and other problems costing society, say, $1 million should pay a $1 million tax.In terms of casinos, would such a tax more or less satisfy any ethical claim that could be made against them for the social problems they cause? Why, or why not?The way these social scientists measured the cost of each crime was, more or less, by totaling the quantifiable costs—that is, those things that could receive a price tag fairly readily. If, for example, your car gets stolen and sold for parts by a desperate gambler, you can put a price on the crime by checking the car’s Blue Book value. Added to that there are administrative costs—at the police station, the insurance company—and those too may be figured in terms of time and wages. Still, quite a bit of the cost of crime escapes (as the authors readily admit) their measure. Their calculations don’t include lost productivity, social service, and welfare costs. They also don’t include emotional costs, and distress of the victim. Is there any way for those costs—especially the emotional suffering—to be put into dollars and cents? If so, how? If not, is there some other kind of requirement that could be strapped onto casinos to help make them socially responsible for their activities?

5 pages

Team Process
Team process is the act of enhancing communication and participation by the use of unitbased teams’ practices that are i …

Team Process
Team process is the act of enhancing communication and participation by the use of unitbased teams’ practices that are intended to encourage …

7 pages

Strategic Development And Implementation
It is patently clear that Alibaba is the largest online commerce company in China that was established way back in the yea …

Strategic Development And Implementation
It is patently clear that Alibaba is the largest online commerce company in China that was established way back in the year 1999 by a group of 18 …

11 pages

Real Estate Development Project.edited
Ironically, we have planned to start a project which would be initiated in December 2020 at ‘Northwest Figueroa and 39th� …

Real Estate Development Project.edited
Ironically, we have planned to start a project which would be initiated in December 2020 at ‘Northwest Figueroa and 39th’. The project consists of …

Power point
7-10 pages – 150 words speaker notes per page. Respond to the following scenario with your thoughts, ideas, and comments. …

Power point
7-10 pages – 150 words speaker notes per page. Respond to the following scenario with your thoughts, ideas, and comments. Be substantive and clear, and use research to reinforce your ideas. You’re meeting with Lester in his office to discuss the details of your presentation to the board next week.”Given all of the research that you have completed over the past several weeks,” he says, “you should have most of the information you need to make a presentation to the board. The board doesn’t want you to do any more research on all of the topics; rather, we want you to summarize the research that you have already done. “”Yes,” you say. “I think I have what I need.””Of course we want your final conclusion and recommendation on what the company should do regarding the location issue, as well,” he says. “What type of presentation do you have in mind, Lester?””A PowerPoint presentation would be appropriate for this group,” he says. “I want you to include slide notes, too, in case we have to go back and look at something at a later date. Your PowerPoint presentation should contain between 7-10 slides, not including the title slide and reference slide(s). For each slide, you should have between 150–200 words in the Notes sections. Let’s take a few minutes now to go over how the slides should be organized. I’ve done similar presentations, so I can save you some time with a few pointers.”When you get back to your office, you type out your notes about each element you discussed and the overall organization of the presentation. For this presentation, you are addressing the following elements:Legal, social, and financial factor considerations Economic factors: gross domestic product (GDP), inflation, interest rates, unemployment Elasticity of demand Economies of scale and efficiency Strengths, weaknesses, opportunities, and threats (SWOT) Market structure Risk Costs (marginal, fixed, variable, etc.) International expansion (Five factors that should be considered before making the decision to expand internationally

BUS 475 Week 4, Assignment 1
Assignment 1: Social Performance of OrganizationsDue Week 4 According to the textbook, the current world economy is i …

BUS 475 Week 4, Assignment 1
Assignment 1: Social Performance of OrganizationsDue Week 4 According to the textbook, the current world economy is increasingly becoming integrated and interdependent; as a result, the relationship between business and society is becoming more complex. Use the Internet to research Apple. Use a tablet, smartphone, laptop, desktop, or traditional video recorder to record a five to seven (5-7) minute dynamic video on the topics detailed below. Alternatively, you may submit a four to six (4-6) page paper instead of the video submission.Note: If you are using a tablet or smartphone you will need to email the video file to yourself, then save it to a computer in order to upload to Blackboard. You may want to upload your video to a file sharing service, such as Dropbox, if your email will not let you send a large video file. Dropbox is accessible from all smartphones and tablets from the Dropbox app.Once you are ready to upload your video to Blackboard, view the Kaltura video tutorial found in your online course shell (Week 4).Please use the following naming convention in the popup window for your video once it is finished uploading:Title: Your First Name, Your Last Name – Social Performance of OrganizationsTags: BUS475, Social PerformanceDescription: First Name, Last Name – BUS475 Assignment 1 (Date Uploaded ex. 11-14-2014)Prepare and present a five to seven (5-7) minute video OR write a four to six (4-6) page paper in which you:Specify the nature, structure, and types of products or services of Apple, and identify two (2) key factors in the organization’s external environment that can affect its success. Provide explanation to support the rationale. Suggest five (5) ways in which the primary stakeholders can influence the organization’s financial performance. Provide support for the response.Specify one (1) controversial corporate social responsibility concern associated with Apple.Submit a reference page with at least four (4) quality references that you have used for this presentation / paper. Note: Wikipedia and other Websites do not qualify as academic resources.If you choose the written paper, 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.Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.The specific course learning outcomes associated with this assignment are:Analyze the relationship between business and society, and the ways in which they are part of an interactive system.Recommend ways stakeholders can influence the destiny of both business and society.Analyze the various primary and secondary stakeholder groups, their roles, and relationships.Compare and contrast the concepts of corporate social responsibility and citizenship.Analyze ways ethical challenges affect the multiple functions of business.Use technology and information resources to research issues in business and society.Write clearly and concisely about business and society using proper writing mechanics.

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