Kevin's Most Anticipated games of 2010

Hi, Guys,
Here are some of the most anticipated video games of mine for 2010:
Top: Castlevania Lords of Shadow: You take the place of a vampire killer, who travels to Dracula's Castle to destroy the great vampire himself. The path is blocks by mythical beasts, monsters, and ghosts.

Middle: Lost Planet 2: A game where you are a space pirate who stumbled into a planet full of new life forms. Your mission is to defeat the monsters and make that planet habitable to humans. Also supports online Multiplayer.

Bottom: SUPER MARIO GALAXY 2: My favorite videogame character since child hood, Mario is on his way to save the Princess again??

Business 600 - Quantitative Analysis - Additional Tools

High and Low Method:
You take the highest and Lowest of 2 points in a set of data and divide it by its denominators. The denominators are determined by the relevance to their numerators.

http://www.allbusiness.com/glossaries/high-low-method/4948480-1.html

Scatter Graph Method:
You simply draw a dot for each data you collected from a data group and draw a line by visualizing where the trend is.

http://www.google.com/imgres?imgurl=http://www.statcan.gc.ca/kits-trousses/images/scatterGraph.jpg&imgrefurl=http://www.statcan.gc.ca/kits-trousses/univer7-eng.htm&usg=__yrP5NGcqIE1jSqES21DS2zRch3I=&h=488&w=513&sz=177&hl=en&start=2&sig2=2Md9netyg2UHooVIA1cG_w&um=1&itbs=1&tbnid=5oZD435P5jQ8HM:&tbnh=125&tbnw=131&prev=/images%3Fq%3Dscatter%2Bgraph%26um%3D1%26hl%3Den%26safe%3Doff%26sa%3DX%26tbs%3Disch:1&ei=V7PaS-CZFpzGswOKt7Bu

Business 600 - Quantitative Analysis

Decision Tree Analysis:
1. Determine all possible alternatives and risks associated with situation
2. Calculate the monetary consequences of each alternatives
3. Determine uncertainty associated with alternative
4. Combine the first three steps into a tree diagram
5. Determine the best alternative and non monetary aspects of problem
Must be able to determine Sunk Cost- Cost that has no affect on decision.
Must Determine Expected Money Value by multiplying dollar vale by probability to determine mutually exclusive alternatives.

Cash Flow Analysis:
1. Define the value of investment
2. Calculate the magnitude of the benefits
3. Determine the timing of the benefits
4. Quantify the uncertainty of benefits
5. Do the benefits justify the wait?
Depreciation and financing costs are not relevant in cash flow analysis.

Net Present Value:
We use the Table to determine how much a dollar is worth in the future with interest or how much a dollar is worth in the past.

Probability Theory:
Calculating the EMV.
Normal Curve
Cumulative Distribution Functions


Regression Analysis and Forecasting:
Y axis is the Fixed Cost.
X is independent variable, or # of units produced
The Slope is the Contribution Margin Per Unit
We use that graph to determine the profitability of the plant.
The R^2 tells us the percentage of data of the regression equation is correct. The Higher the R^2, the more we can rely on our data.

Business 600 - Self Evaluation with VCM Model

Evaluated Subject: Kevin Yuan
Field of Study: Accounting
Criteria: Vision, Commitment, and Management Skills

Performing Self-Analysis Simulation:

Vision: Test subject has several ideals and could be too creative at times. Refinement of ideas is mandatory. Test subject also need to stay focused to one common goal. Overall rating in this criteria: 6/10

Commitment: Test subject is willing to put in long long work hours for his job. However, still need to stay focused at times to avoid being side tracked. Overall rating in this criteria: 7/10

management Skills: Test subject has not yet developed any management skills nor have any experience. Serious business training is required. Also, test subject is proved to be a push over at times. Rating: 4/10

Overall VCM Model Score: 57%, Fail. Test subject still has a lot to learn before becoming a leader.

Business 600 - Organizational Behavior

Organizational Behavior deals with how a person acts in the work place.
The 3 Step technique to solve organizational problems are:
1. Problem Definition:
A manager must find out the gap where miss-communication begins and how many party is involved. We must define if the problem exists in a personal level or an organization level. We also need to figure out the cause and source of the problems.
2. Analysis:
MBA must then link the problem to its causes and ways to resolve the problem.
3. Action Planning:
Where a manager actually implements the solution for the problem and it can be defined in the following categories:
a. Set specific goals.
b. Define activities
c. Set a timetable for action
d. Forecast outcomes, develop contingencies.
e. Formulate a detailed plan of action
f. Implement, supervise, execute, and evaluate based on goals in step one.

Each MBA has a value system comprised of Expectations, Beliefs, and Values. These 3 factors will affect the way each MBA manages his organization. An MBA managing an accounting firm may put his value on ethics and integrity while a MBA managing a designing studio may emphasize on creativity. Either way, if an organization all have congruency among the goals they are sharing, this organization is more likely to succeed.

Expectancy theory of Motivation deals with how management captures the essence that their employees is sought after. In general, motivated employee is correlated with expectation performance and ultimately, the value of reward will be high. In general, each individual, as David Mcclelland puts it, has a need for achievement, power and affiliation. However, each manager must recognize and feed the need of their employees to obtain maximum output from each employee.

MBA Personality Traits:
Each MBA should possess the traits of Leadership (Comprised of Vision, commitment and Management Skills), and Creativity

It is also very vital for an MBA to deal with their boss. One must understand their boss and themselves in order to find a balance to work in a style that will fit both individuals.

Since the MBA holds key responsibility in an organization, every word they say or every action they take may result in dire consequences. Therefore, it is important that they think before they act.

Business 600 - Accounting Reflection

Accounting:

The Basic equation of Accounting is Asset = Liability + Owner's Equity. Asset's nature account Debit while Liability/Owner's Equity's Natural Account is Credit. Simply put, Debit simply means Left and Credit simply means right. Whenever there is a Debit transaction, there must be a credit transaction one one other accounts. There are different types of accounting, Financial and managerial. Financial accounting focuses on compliance with Generally Accepted Accounting Principles and are required to answer to external auditors. Managerial Accounting, on the other hand, does not follow the Generally Accepted Accounting Principles and instead, it focuses on Operations, and forecasts of a firm in general, and they only have to answer to internal auditors. Accounting is important because it is not only provide an objective review of a company's performance its external users (E.g. investors), it is also used by managers to determine how should they improve their company. Accounting records, however, can also be misstated intentionally or intentionally which can significantly impair an external user or management's judgement of a company. Enron Corp., is an example of using manipulated number or creative accounting methods to cover up liabilities. Hence, Auditing is extremely important.

Business 600 - Business Ethics Reflection

Hello,

On the subject of Business ethics, the capitalists and socialists are always finding a balance between generating the maximum revenue and making our society a better place . One general example of this conflict of interest is pollution by car. During the early 90s when gasoline is cheap, Several US automakers produced huge quantities of Sport Utility Vehicles which not only consumes a lot of gasolin but also has an extremely high emission rate. Although these cars were hot sellers due to their size and cargo space, the huge amount of CO2 emission produced by these cars will pollute our air way more than those of the smaller and more efficient cars. U.S. automakers are faced with the dellima of spending time and money into developing more high energy efficient and low emmission generating vehiacles or just keep producing those pollution monsters. However by doing so, they will need to put a lot more cost into Research and Development department which will then decrease their profit. Is the action taken by the U.S. Automakers unethical? From the book, by the principle of Role relativism, the automaker's role is to create an automobile that will improve the convenience for its customers. However, does this conflicts with their social role, which as members of the community they should provide cars that is cleaner for the environment? How about the Cultural Relativism? Does other countries have the right to judge our American style of living? Later on we find out that if the US automakers could invest more time and money in making their engines more efficient and cleaner, they may have a chance of averting themselves from the financial crisis they faced in 2000s. In several cases, the determination of an "ethical" decision may be obscure. However, as time passes by and the consequences starts to unravel, the ethical decision will then become apparent, and hopefully it still will not be too late for us to steer back to the correct course of action. I honestly believe, ethics and profits will ultimately go hand in hand. Being able to determine which is an ethical decision and be able to follow through will ultimately result in a long term gain for everyone. On the contrary, a company should never lose their integrity for a short term gain, and this statement applies to all businesses.