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Question Description

Summary and Reflection

  • Identify one substantive topic in the course that you will use inyour job in the future. Specify the topic, your job, and how you willuse this knowledge to make better decisions.
  • Looking back at the analytical tools you used throughout the course,name one specific instance when you could use one of these tools tobetter understand your organization, the market, or the environment inwhich your employer operates.

Reflection

posted Jun 9, 2018 4:26 PM

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I enjoyed learning about law of diminishing marginal returns, which is a useful topic. Being able to identify solutions and being able to understand that too much of the solution could hinder the same business will be very useful when I open my small business in a few years. Prior to taking this course I never really thought of game theory as something useful, but now I have a different option of the topic. Since I have a much better understanding of how to use game theory it is a tool I can now use to better understand how organization, the market, or the environment in which your employer operates.

summary and reflection

Contains unread posts

posted Jun 8, 2018 1:22

Of all the lessons this class presented, the one I found to be most useful was the module regarding supply and demand. The part of the lesson that left the greatest impression on me was that consumers have a great amount of control, more so than they are likely aware of. As a manager having awareness of supply and demand levels will ensure supply is meeting demand and vice versa. Failure to understand this and undercut this can lead to an over inflation of supply, lowering prices and reducing profits.

Excel was a tool I found to be most useful. It provides a means to track supply and demand and find the most effective level of each to be at. While my excel skills are ok, I still need to take the time to learn all excel has to offer and take the time to learn.

Summary/Reflection

posted Jun 3, 2018 1:04 PM

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Hello Class,

One substantive topic that I will use in my job as an auditor is thedifferent kinds of costs, specifically variable and fixed costs. As anauditor, I'm reviewing financial statements in order to find anymaterial misstatements. Being able to differentiate the different kindsof costs we discussed in Module 2 will allow me to make an informeddecision to classify certain costs or amounts as material misstatements.I have only been working as an auditor for 11 months now so I honestlycan't name a specific instance when and where I could have used thesetools to better understand the environment in which my employeroperates.

Rubric Assessment

Rubric Name: Reflective Discussion Rubric v1

Criteria

Reviewsprior learning (past experiences inside and outside of the classroom)in depth to reveal significantly changed perspectives about educationaland life experiences, which provide foundation for expanded knowledge,growth, and maturity over time.

Reviewsprior learning (past experiences inside and outside of the classroom)in depth, revealing fully clarified meanings or indicating broaderperspectives about educational or life events.

Reviewsprior learning (past experiences inside and outside of the classroom)with some depth, revealing slightly clarified meanings or indicating asomewhat broader perspective about educational or life events.

Reviewsprior learning (past experiences inside and outside of the classroom)at a surface level, without revealing clarified meaning or indicating abroader perspective about educational or life events.

Submitsone initial response early in the session; two or more thoughtful peerresponses early in the session; and more than two peer responses closerto the end of the session.

Submits at least one initial response early in the session; and at least two peer responses closer to the end of the session.

Submitsat least one initial response early in the session; and/or does notsubmit at least two peer responses closer to the end of the session.

Submits at least one peer response during session; but does not submit an initial response early in the session.

Postselicit peer responses and reflections from other learners; responsesbuild upon and integrate multiple views from other learners to broadenthe scope of the discussion.

Postselicit responses and reflections from other learners; responses buildupon the ideas of other learners to broaden the scope of the discussion.

Postsdo not elicit responses and reflections from other learners and/orresponses do not build upon the ideas of other learners to broaden thescope of the discussion.

Postswere too brief to elicit responses and reflections from other learnersand/or responses do not build upon the ideas of other learners tobroaden the scope of the discussion.

Post(s)and responses show evidence of knowledge and understanding of coursecontent and applicability to professional practice, and include otherresources that extend learning.

Post(s) and responses show evidence of knowledge and understanding of course content and applicability to professional practice.

Post(s)and responses show little evidence of knowledge and/or understanding ofcourse content and applicability to professional practice.

Post(s) and responses show no evidence of knowledge and understandingof course content or applicability to professional practice.

Demonstratesmastery conceptualizing the problem; viewpoints and assumptions ofexperts are analyzed, synthesized, and evaluated; and conclusions arelogically presented with appropriate rationale.

Demonstratesconsiderable proficiency conceptualizing the problem; viewpoints andassumptions of experts are analyzed, synthesized, and evaluated; andconclusions are presented with necessary rationale.

Demonstratespartial proficiency conceptualizing the problem; viewpoints andassumptions of experts are analyzed, synthesized, and evaluated; andconclusions are somewhat consistent with the analysis and findings.

Demonstrateslimited or poor proficiency conceptualizing the problem; viewpoints andassumptions of experts are not analyzed, synthesized, and evaluated;and conclusions are either absent or poorly conceived and supported.

Overall Score

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