What do you think are two of the barriers that keep people from saving for retirement?

Benchmark – Personal Finance Plan

Assessment Description

The purpose of this assignment is to provide you the opportunity to apply sound financial principles and practices to the management of your current and future personal finances.

Part 1: Six Topics of Financial Planning

There are six major components of a financial plan. These include:

  1. Financial (Cash Flow) Management
  2. Tax Planning
  3. Insurance Planning (Risk      Management)
  4. Investing/Asset Planning
  5. Retirement Planning
  6. Estate Planning

For Part 1 of this assignment, you will complete the following pieces of your own personal financial plan.

Financial (Cash Flow) Management

  • You will need your original cash flow estimate that you created in Topic 1 and your “Daily Spending Log,” in which you worked on tracking your expenses for one month. Create a spreadsheet that lists the various expense categories in one column, the dollar amounts of your original estimates of your monthly expenses in the next, and then shows your actual expenses that you tracked in your spending log in the next column. Note: Your actual expenses in many categories will likely be quite different from your original estimates. There is no need to have spent what you predicted. In fact, much awareness can come from the areas in which your estimates where different from your actual spending.
  • Next, add a “Spending Plan for Next Month” column. Based on the differences in your      spending estimate and the actual amounts from tracking spending, determine what dollar amounts you would now set for each category. If you find that you need to add new categories now that you have tracked your own actual spending, please feel free to add those.
  • Indicate whether each expense category is a need or a want.

Write two or three paragraphs reflecting on the month of spending that you tracked and answer the following questions:

  • What surprised you about your actual spending versus what you had estimated?
  • Describe what you will or will not change for your spending plan next month and the reasons why. 
  • Describe how your spending plan will help you meet your financial goals and increase your net worth (refer to the balance sheet you created in Topic 1).
  • How could you use this process for your financial goals?

Tax Planning

  • Review your Topic 3 Financial Portfolio submission. Provide two paragraphs on what you can do to minimize your tax liability both now and in the future (imagine life changes that may occur).

Insurance Planning (Risk Management)

  • Review your submission for Financial Portfolio Project Part 5 about insurance. Submit a revised      response based on feedback you received or on new ideas you now have regarding your insurance needs. If you do not have any changes to make, include a detailed justification describing why.

Investing/Asset Planning

Investing is covered in the next topic of the course. For the purpose of this assignment, you will include a brief description of how much you know about investing. Provide two paragraphs addressing the following: 

  • How would you rate your current understanding and knowledge of investing?
  • How do you think investments will help you reach your financial goals?

Retirement Planning

Provide two paragraphs addressing the following points:

  • What expenses will likely be higher during your retirement than now?
  • What do you think are two of the barriers that keep people from saving for retirement?
  • How will you overcome these barriers in your own retirement planning?

Estate Planning

Provide two paragraphs addressing the following points:

  • What estate planning tools will you consider after establishing a family or career? 
  • Provide at least two tools and a reason that they might meet your future plans. 

Part 2: Financial Plans and Goals

Recall your life goals as a basis for setting meaningful financial goals and accomplishing them.

In 250-500 words, address the following points:

  • Provide an explanation of how you can implement your financial plans and goals. These can relate to the six main financial planning topics or include other topics, such as giving, education planning, credit, etc.
  • How will you evaluate whether or not you are on track to meet your financial goals? Do you need to make any adjustments to meet your financial goals?
  • Identify one thing you have learned so far in this course and how you will apply it to your life.

General Requirements

While APA style is not required for the body of this assignment, solid academic writing is expected, and documentation of sources should be presented using APA formatting guidelines, which can be found in the APA Style Guide, located in the Student Success Center.

Benchmark Information

5.3: Apply sound financial principles and practices to the management of one’s personal finances.

Discuss the reasons why victims often do not report the crime to the police.

Crime Statistics

Using the crime statistics from the FBI’s UCR, select a city in the United States whose crime stats are available. Then, select three crimes prevalent in the city and discuss their crime rates. In addition, answer the following questions:

What do you think accounts for these crime?

How can the city reduce these incidents of crime?

Discuss the reasons why victims often do not report the crime to the police.

Does the data show the same patterns for violent crimes and property crimes? What could be the possible reasons for this? According to NCVS data, older, white people tend to be more fearful of violent crime victimization. According to your analysis of violent crime victimization rates, what is the basis of their fear? Which segment of the population suffers more violent crime victimization? Does this segment feel as fearful of such victimization as older people? What might be the reasons for this?
There is a long-standing stereotype that the poor and minorities are the sources of the majority of crime problems in the United States. Lately, however, there is considerable debate regarding this view, and more broadly, regarding the relationship between social class and crime.
Discuss how each of the following could impact the disproportion between crime across different racial and income groups:

Police dispersion in poor and minority areas.

The focus of police on blue-collar crime.

The outward (on the street) nature of crime in poor areas.

The hidden nature of white-collar crime.

explain why such practices are important, and also offer some recommendations for next steps.

Dirty Data Is Costing You.pdf
post must be a minimum of 300 words

This week’s assigned reading discusses the organizational issues associated with “dirty data” and offers recommendations for four ways to overcome common data prep barriers.
For this discussion, assume you work for a small company (100 employees) that is quickly growing (both in terms of revenue and number of employees). As the organization is growing, issues with “dirty data” are beginning to arise – for all the reasons mentioned in the reading.
As a tech-savvy data analyst, you can see that something must be done to keep dirty data from becoming a problem for the company as it grows. You’ve been granted an audience with the CIO to make the case for putting sound data preparation practices in place. In making the case, you want to explain why such practices are important, and also offer some recommendations for next steps. What will you say? Use the reading to help you make your case. Outside references are also acceptable (please link to them in your response).

Have any entities come out in support or against the policy?  What are the concerns or support for the policy? 

Hospital margins have grown and shrunk over the last few years.  Prior to the COVID-19 pandemic, hospitals were collectively, averaging a margin of 8 percent, which was higher than most of the other health care sectors.  
Assignment:
Read the article found at the link below.  The article provides six possible policies to control hospital prices. 
https://www.americanprogress.org/article/high-price-hospital-care/#:~:text=Get%20the%20Latest%20on%20Health,industry%20or%20the%20insurance%20industry.

Which of the discussed is viable?  Summarize the policy and then support the viability of the policy with evidence.  Use external information and cite your sources to support your case.  A lack of supporting evidence and citations will lower the number of points you will earn with this assignment. Some suggestions for consideration are below. 
Has any progress been made on this policy?  Has it been proposed or enacted at the state level?  If so, has it been successful or not?
Have any entities come out in support or against the policy?  What are the concerns or support for the policy?  Be sure to cite this information since it is not your information. 
Is there supporting documentation for contentions made in the article corroborated by external sources?  Summarize and cite the external source.
Be sure to provide citations for any content used from readings, videos, or the internet in APA format at the bottom of your post. 

How does the information collected vary in terms of crime rates between UCR and NCVS?

Instructions

Crime Statistics

The UCR is the official data collection method for reporting crimes known to the police or to the FBI for inclusion in the official crime stats. The NCVS is a survey method to collect data by asking a representative sample of the population about whether they have been the victims of crime.

Create a 2- to 3- p a g e report in a Microsoft Word document that includes the answers to the following questions:

How does the information collected vary in terms of crime rates between UCR and NCVS?

How are they similar?

If differences exist, what accounts for the differences?

Describe some of the differences between these firms. What type of trade-off decisions have these firms made?

 provide a graduate-level response to each of the following questions:

  1. The text discusses strategic trade-offs that are different between Walmart and Nordstrom even though they are in the same industry. Think of another industry that you know fairly well and select two firms there that also have made very different choices for these trade-offs. Describe some of the differences between these firms. What type of trade-off decisions have these firms made?
  2. The chapter discusses several strategic leadership issues at Facebook. Several other firms are also noted in the chapter with some positive and some negative leadership results. Choose a firm mentioned in the chapter and discuss current controversial issues it faces. How should strategic leaders address the major issues you identified? In what situations is top-down planning likely to be superior to bottom-up emergent strategy development?

450 Words APA Format

What social and ethical issues do the leaders of these firms face today?
  1. Question I – This chapter discusses some key strategic leadership issues (such as privacy and fake news) facing Facebook leaders Sheryl Sandberg and Mark Zuckerberg. Consider other firms mentioned in the chapter such as Amazon, PepsiCo, Uber, VW, and Starbucks. What social and ethical issues do the leaders of these firms face today? Choose a firm or industry and explore the relevant controversial issues it faces. How should strategic leaders address the major issues you have identified?
    Question II – The “job to do” approach discussed with the Clayton Christensen milkshake example can be useful in a variety of settings. Even when we are the customers ourselves, sometimes we don’t look for better solutions because we get into routines and habits. Think about a situation you sometimes find frustrating in your own life or one you hear others complaining about frequently. Instead of focusing on the annoyance, can you take a step back and look for the real job that needed doing when the frustration occurred? What other options can be developed to “do the job” that may lead to less irritation in these situations?
    The assignment is to answer the question provided above in paper form. This is to be in narrative form. Bullet points should not to be used. The paper should be at least 1.5 – 2 pages in length, Times New Roman 12-pt font, double-spaced, 1 inch margins and utilizing at least one outside scholarly or professional source related to organizational behavior. This does not mean blogs or websites. This source should be a published article in a scholarly journal. This source should provide substance and not just be mentioned briefly to fulfill this criteria.  Do not use quotes. Do not insert excess line spacing. APA formatting and citation should be used.
Discuss the term ‘project management’? How does project management differ from project leadership?

 Initial Postings: Read and reflect on the assigned readings for the week. Then post what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding in each assigned textbook chapter.

Your initial post should be based upon the assigned reading for the week, so the textbook should be a source listed in your reference section and cited within the body of the text. Other sources are not required but feel free to use them if they aid in your discussion.

Also, provide a graduate-level response to each of the following questions:

  1. Discuss the term ‘project management’? How does project management differ from project leadership?

[Your post must be substantive and demonstrate insight gained from the course material. Postings must be in the student’s own words – do not provide quotes!]

 [Your initial post should be at least 250+ words and in APA format (including Times New Roman with font size 12 and double spaced). 

Book: Watt, A. (2019). Project Management, 2nd Edition. BCcampus Open Education.  https://opentextbc.ca/projectmanagement/ 

What do you consider your own strengths and weaknesses for leadership? Discuss

provide a graduate-level response to each of the following questions:

  1. What do you consider your own strengths and weaknesses for leadership? Discuss your answer with another student.
  2. Describe the best leader you have known. How did this leader acquire his or her capability?
  3. Look through recent magazines and newspapers and identify one leader who seems to illustrate the “leader-as-hero” mindset and one who seems more typical of the humble Level 5 leader described in the text. Describe their differing characteristics. Which was easier to find?

450 words APA format

Write one sentence that describes the objective of the project.

 Everyone has been involved in projects. What is the largest project you have been involved in? (You do not have to have been the project manager, but could have played another role.) (*As a Business Analyst)

  1. Write one sentence that describes the objective of the project.
  2. Describe specifically how this project meets the definition of a project used in this textbook. (How is it unique? What were the time constraints? If it is over, how did you know it was over? If it is ongoing, how will you know when it is over?
  3. What was your role? Were you the project manager, a volunteer, some other role? If you were not the project manager, who was?
  4. Was the project part of a larger portfolio or program of projects?
  5. Who else was involved?
  6. What was the budget?
  7. Did you anticipate any risks at the outset? Did the project experience any outside forces that caused a change in either the objectives or the approach to achieving those objectives?

book:  Watt, A. (2019). Project Management, 2nd Edition. BCcampus Open Education.  https://opentextbc.ca/projectmanagement/ 

× How can I help you?