Define the term fair use. When might using copyrighted material be considered fair use? (Obj. 4)

What is the difference between an open-ended and close-ended survey question? Give an example of each. (Obj. 3)

Business employees understand more than ever the importance of improving their writing skills. Whether e-mailing status updates to team members, writing a Web article, preparing meeting agendas, or corresponding with potential customers, employees must write concise, coherent, clear, error-free documents and messages. As the founder of Business Writing Solutions, you offer one- and two-day business writing workshops for businesses and organizations. Your website features writing tips, workshop descriptions, and your contact information. These workshops are presented on-site in corporate training rooms.

You received an e-mail inquiry from Human Resources Director Janet Somerfield, who is considering a one-day, on-site business writing workshop for employees in her midsized advertising agency. Janet is looking at several seminar companies who offer writing training. She asks about pricing, optimal class size, and course content. She also wants to know whether you can offer feedback on writing samples. Because Janet is considering other training options, you decide to respond with an informal proposal. Your goal is to meet her needs and win the contract.

Review the components of an informal proposal and include the appropriate components, which may include the following: an introduction, a statement of your goals and purpose, the proposed seminar details (time requirements, optimal class size, costs, location, schedule), and a conclusion. Organize the proposal, write meaningful headings, and choose a readable font. Decide where it is appropriate to mention the following advantages of improving writing skills in business environments:

• Excellent writing skills help build trusting relationships, improve one's professional image, and add to the credibility of an organization.

• Business associates appreciate clarity, conciseness, and results-focused messages.

• Better writing skills help employees advance their careers, which in turn improves retention.

The one-day workshop is offered in two 4-hour blocks in the client's training room. The course includes the following topics: (a) writing results-oriented e-mail messages; (b) structuring routine, persuasive, and negative news messages; (c) reviewing the most common grammar errors; and (d) designing documents for readability. You will also offer feedback on brief writing samples furnished by the participants. Employees who attend the workshop will earn a certificate of completion.

The cost of the writing workshop is 175 dollars per person. If 15 employees participate, the cost would be 2,625 dollars. The cost includes workbooks and writing supplies for each participant.

YOUR TASK. Write an informal letter proposal promoting a one-day business writing workshop to Janet Somerfield, Director, Human Resources, Faulkner Advertising, 420 Fowler Avenue, Tampa, FL 33620.

Many new companies with services or products to sell would like help writing unsolicited or solicited proposals. Your friend Teresa has started her own designer uniform company and has asked you for help. Her goal is to offer her colorful yet functional uniforms to hospitals and clinics. Before writing a proposal, however, she wants to learn more about the proposal-writing process.

YOUR TASK. Search the Web and find two sites that offer proposal writing advice. Avoid sites that want you to register or buy templates and books. Prepare a memo to Teresa in which you do the following:

Write a suggested introduction for Teresa's proposal.

An increase in the money supply is likely to reduce:

A. Interest rates
B. Nominal income
C. Money demand
D. The general price level

According to the IS-LM model, what happens in the short run to the interest rate, income, consumption, and investment under the following circumstances? Be sure your answer includes an appropriate graph.

The government increases government purchases and taxes by equal amounts.

According to the IS-LM model, what happens in the short run to the interest rate, income, consumption, and investment under the following circumstances? Be sure your answer includes an appropriate graph.

The government increases taxes.

Many new companies with services or products to sell would like help writing unsolicited or solicited proposals. Your friend Teresa has started her own designer uniform company and has asked you for help. Her goal is to offer her colorful yet functional uniforms to hospitals and clinics. Before writing a proposal, however, she wants to learn more about the proposal-writing process.

YOUR TASK. Search the Web and find two sites that offer proposal writing advice. Avoid sites that want you to register or buy templates and books. Prepare a memo to Teresa in which you do the following:

Suggest two sites where Teresa can find free proposal templates.

Audit opinions cannot be classified as which of the following?

1. All-purpose
2. Disclaimer of opinion
3. Adverse opinion
4. Qualified opinion
5. Unqualified opinion

Many new companies with services or products to sell would like help writing unsolicited or solicited proposals. Your friend Teresa has started her own designer uniform company and has asked you for help. Her goal is to offer her colorful yet functional uniforms to hospitals and clinics. Before writing a proposal, however, she wants to learn more about the proposal-writing process.

YOUR TASK. Search the Web and find two sites that offer proposal writing advice. Avoid sites that want you to register or buy templates and books. Prepare a memo to Teresa in which you do the following:

Suggest headings for each section of Teresa's unsolicited proposal to promote her hospital/clinic uniforms.

Consider an economy described by the following equations:

$$\begin{aligned} Y &=C+I+G+N X, \\ Y &=8,000, \\ G &=2,500, \\ T &=2,000, \\ C &=500+2 / 3(Y-T), \\ I &=900-50 r, \\ N X &=1,500-250 \epsilon , \\ r &=r^{*}=8. \end{aligned}$$

In this economy, solve for private saving, public saving, national saving, investment, the trade balance, and the equilibrium exchange rate.

An economy is initially described by the following equations:

$$\begin{aligned} C &=500+0.75(Y-T) \\ I &=1,000-50 r \\ M / P &=Y-200 r \\ G &=1,000 \\ T &=1,000 \\ M &=6,000 \\ P &=2 \end{aligned}$$

Derive and graph the IS curve and the LM curve. Calculate the equilibrium interest rate and income. Label that point A on your graph.

An economy is initially described by the following equations:

$$\begin{aligned} C &=500+0.75(Y-T) \\ I &=1,000-50 r \\ M / P &=Y-200 r \\ G &=1,000 \\ T &=1,000 \\ M &=6,000 \\ P &=2 \end{aligned}$$

Show the equilibria you calculated in parts (b), (c), and (d) on the graph you drew in part (a). Label them points B, C, and D.

An economy is initially described by the following equations:

$$\begin{aligned} C &=500+0.75(Y-T) \\ I &=1,000-50 r \\ M / P &=Y-200 r \\ G &=1,000 \\ T &=1,000 \\ M &=6,000 \\ P &=2 \end{aligned}$$

\

Now assume that the central bank adjusts the money supply to hold the interest rate constant. What is the new equilibrium income? What must the new money supply be? What is the tax multiplier?