Module 2 - Financial Management and Planning, and the Future of Work.
In this module, we have two Goals. The first goal is to understand how Financial Management and Planning fit within the broader Management functions, as discussed in Chapter 2. The second is to consider how the changes in the future Workplace will that will affect your future.
Goal 1 - Understand how Financial Management and Planning fit within the broader Management functions
Things to Absorb – In Chapter 2, focus on the functions of a managers, the planning process, strengths and weaknesses of the four main business forms used by smaller firms, financial goals of the for-profit organization, steps in starting a new business including the components of a Business Plan, and financing a new business.
Things to Read and Watch - You will need to read Chapter 2.
Things to Do –
- - If you feel the need, watch these audio solutions to a problem from Chapter 2.
- a. You buy 1,000 shares of ABC Company at $6 per share. The company is sued for millions of dollars, and ABC Co. is forced into bankruptcy. The newspaper stated that the cost of this suit would amount to $12 per share of stock. What is the maximum amount of money you can lose with this investment? Why? Click Here
- Read Chapter 2
- Watch the Chapter 2 Overview video. The Powerpoints for all of this chapter’s videos are located here.
- If you feel the need, watch the Chapter Lecture for an in depth review of the chapter. The Powerpoints for this video begin at about slide 5.
- Be able to answer end of Chapter 1 Questions 1, 2, 4-6, 8, 9, 11, 13 and Problems 1-4, and 8. Note, you can find the solutions to these questions and problems under Content.
- Take the Chapter 2 Quiz and make 100. You are allowed five attempts, your highest score counts. There are ten multiple choice questions with ten points each.
- If you find any mistakes or have suggestions for improvements, send a “2 Minute Feedback.” to the class Teaching Assistant.
Goal 2 - Consider the Future of Work and how this impacts You
Things to Absorb - Understand how the discussed changes in the future Workplace will affect your future.
Things to Read - No assigned reading, but you will need to watch the three videos on the future of work.
Things to Do -
- Go to https://www.jobscan.co/blog/top-3-ted-talks-on-the-future-of-work/, and open all three videos.
- Open the Future of Work Quiz. Watch the videos while answering the quiz questions. As you watch the videos, think about how the topics listed will affect your future. You need to make 100 on this quiz. You are allowed five attempts, with your highest score counting towards your quiz average.
- Write a 400-650 word Essay on how the ideas discussed in the videos will affect your working future. Submit the Essay as a word or .pdf file in Dropbox by the deadline. For the Essay, I am looking for the following. I want a good college level essay in MLA format. If you have have forgotten the format of an essay, here are two useful links, http://write.siu.edu/_common/documents/handouts/mla-format.pdf and https://www.uvu.edu/writingcenter/docs/handouts/basicessayformat.pdf.
- If you finish early, take a Sneak Peek at Module 3. All of the Module 3 material, including the quizzes are available now. You should open the two quizzes to give you an idea of what will be discussed in Module 3. Note, that the quizzes are set to accept answers after time expires, so you can open the quizzes this week and complete the quizzes when you have time.
