People face trade-offs

Started: Sep 1, 2021 Submitted: Sep 1, 2021

People Face Trade-offs Raciel Vera

Essay

Economic decision-making principles entail concepts related to business and resolutions that are adopted to remedy a challenging situation. The

process involves making business-oriented decisions that involve money and other valuable assets. It must be understood that economic decision-

making is often based on the four major principles; these are rational people think at the margin, people respond to incentives, the cost of

something is equivalent to what one gives to get it and people face a trade-off. The importance of economics can be well explained using basic

principles such as scarcity, sovereignty, and efficiency .

In the field of economic as well as in our daily endeavors, we are faced with tough situations that need tough decisions in order to come out

successful. In such situations, it sounds most appropriate to come out with two possible solutions that need to be debated on based on the principles

of economics. Among the economic principles that could be applied in making decisions include; facing trade-offs as well as opportunity cost. I must

say that given that am in my final I have a challenging task of deciding on the three major electives. One of the electives is engagement in sales and

marketing, the other option is joining music and artistry management or engaging in the music field but under audio production and recording. All

three options are equally important to my career and career development, especially after graduation.

In making the most appropriate decision I will have to make a list of opportunity cost along with the trade-off associated with each elective. This

will provide a better understanding of the best path to follow based on the career, interest, and economic value gained from such an elective. By

engaging in sales and marketing I will help gain experience about the effective techniques used to win the attention of the right audience. Audio

production along with audio recording will expose me to learning more about sound engineering. Having considered the three possible electives, I

will make use of the principle of trade-off to select sales and marketing since it will help me gain experience in wonder scale of business as opposed

to the other electives. Another principle that will be vital is opportunity cost, this will help figure out the value gained from sales and marketing as

my possible option compared to what is lost from the forgone electives.

MY Tutor Feedback

Focus

Revision Goal 1: Establish and maintain a controlling idea or bottom line throughout the document in order to achieve the purpose established in your writing

prompt.

Holistic Focus Content Organization Language Mechanics

3.1 3.1 2.7 2.6 2.7 2.8

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1. Re-read your document. Find the sentence you used as the controlling idea or bottom line of your document.

Example: Omar has focused on this idea in his document: "Telecommuting has drawbacks for the employer and employee."

2. Highlight all the areas in your document that are on track with your controlling idea or bottom line.

Example: Omar finds several sentences that are on track with his controlling idea, including these:

"Employers have to spend money to create the infrastructure that will allow their employees to telecommute."

"Employees who telecommute sometimes miss informal but important meetings."

3. Use key words from your controlling idea and transitional expressions to refer back to the sentence that defines the controlling idea or bottom line.

Example: Omar still has to make sure that the ideas in his document are connected, so he uses key words from his controlling idea as well as transitional

expressions to connect his thoughts: "One drawback of telecommuting is that employers have to spend money to create the infrastructure that will allow their

employees to telecommute. In addition, employees can suffer drawbacks too. For example, an employee who telecommutes might miss an informal but

important lunchtime meeting."

Revision Goal 2: Understand and connect with the intended audience.

1. Re-read your document. Highlight sentences that demonstrate a lack of adaptation to the audience.

Example: Eliza reads her document and realizes that even though she had the best of intentions, these sentences are likely to upset the very audience they

are aimed at, certainly not the purpose of the document: "Everyone knows that smoking is bad for you, but we also recognize there are challenges to quitting.

The management team is unhappy with smokers, who take unnecessary smoking breaks and drive up the cost of our insurance. To provide a better health

care experience for all of us at XYZ, we have implemented the following anti-smoking policies."

2. Pay attention to the audience's knowledge, needs, beliefs, and/or feelings.

Example: Eliza revises the sentences to show greater sensitivity and respect for smokers and their feelings, while still maintaining management's authority.

"The management team at XYZ company acknowledges how difficult it is to quit smoking, despite the health benefits of doing so. As we evaluate the smoking

policy and health care coverage in regard to smoking cessation programs, we will consider the rights and responsibilities of all employees -- those who

smoke, those who are trying to quit, and those who do not smoke."

Content

Revision Goal 1: Offer support for developing a concept or idea.

1. Re-read your document. Highlight one or two specific concepts or ideas that can be more sufficiently developed.

Example: Jessenia finds a sentence in her document that could be further developed: "A diverse audience requires a presenter to consider more closely how

to deliver the message of the presentation."

2. Add details such as reasons, explanations, facts, or arguments that can support each idea.

Example: Jessenia realizes that the she can further develop the idea of addressing diversity of the audience. She chooses to focus on the diversity and

humor, particularly the difference between jokes that would appeal managers and those that would appeal to their employees.

3. Now incorporate those supporting ideas into your document.

Example: Jessenia adds some minor descriptive elements to help incorporate her supporting details into her document: "Closely observing audience diversity

-- a mixed group of managers and technical employees -- will help in choosing an appropriate opening joke that will work as an icebreaker."

Revision Goal 2: Show the use and understanding of business concepts and terms.

1. Re-read your document. Highlight at least two areas where you can include relevant business concepts or terms.

Example: Logan finds this supporting point in his report on job-seeking skills: "When you're going for a job, it's important to look and talk good."

2. Create a list of three business concepts or terms that could be included in your document in these areas.

Example: Logan creates a list of business terms that fit this subject:

"Candidate."

"Interview."

"Salary."

3. Now incorporate these business concepts or terms into your document.

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Example: Logan incorporates the terms into his sentence: "At a job interview, a candidate should keep in mind two simple rules: Wear business attire and

discuss salary only if hired."

Organization

Revision Goal 1: Establish and maintain a controlling idea or bottom line throughout the document.

1. Re-read your document. Highlight sentences that could serve as the controlling idea or bottom line. You may also write a new sentence if you wish.

Example: Jason's document is not as well-organized as he would like, but once he reads it again, he finds the sentence he wants to use as a controlling idea:

"Adding the free and open source software (FOSS) to a few of our computers will greatly benefit our teen youth group."

2. Now that you have the controlling idea or bottom line of your document, brainstorm support for it. This support will become the bottom line or controlling

idea of the paragraphs in your document.

Example: Jason can think of three ways that adopting the FOSS can benefit the teen youth group. The first is cost. Open source software is by definition free.

The second is customization. The open source software is customizable; so those staff, volunteers, and students with the aptitude to do so could learn how to

customize it to fit particular needs of the group. In addition, those teens who learned how to customize the FOSS would have a valuable job skill.

3. For each paragraph, brainstorm at least three supporting details.

Example: Jason decides to start with the benefit that the FOSS could provide to teens seeking employment. He brainstorms the following supporting details:

"Some notable employers make extensive use of FOSS."

"Technology companies value employees who know how to program computers."

"Each student has a special skill, and adopting the FOSS for a few computers would allow those who excel at programming to improve that skill."

4. Integrate key words from your controlling idea into your supporting details. In addition, use transitional expressions to connect your thoughts.

Example: Jason now has to take the ideas he brainstormed and turn them into a paragraph that will fit into his document. This is what he writes: "Adopting the

free and open source software (FOSS) for a few of our computers would help some of our clients find excellent jobs. Although it is true that the FOSS is not

used by most companies, the ones that do use it are always in need of programmers. In addition, programming itself is a valuable job skill, no matter the

computer language. Our clients who learn how to customize the FOSS could qualify for internships and scholarships from high-tech companies."

Language

Revision Goal 1: Accentuate the positive and de-emphasize the negative in your document.

1. Re-read your document. Highlight all words and phrases that sound negative such as do not, no, stop, and not, as well as words that convey a negative,

unpleasant, or disagreeable tone such as unfortunately, cannot, unable to, problem, difficult, error, loss, failure, or regret.

Example: Yudi focuses on these sentences, which have two negative words or phrases sure to upset investors: "Unfortunately, although our company strives

for excellence, we sometimes fall short."

2. Revise your document to accentuate the positive and de-emphasize the negative.

Example: Yudi revises her sentences to focus on what the company has accomplished. Revising the sentence adds a positive tone to her document: "Our

company has always striven for excellence and continues to do so in a competitive marketplace."

Revision Goal 2: Use active voice.

1. Read your document and highlight all sentences that use passive voice.

Example: Erica reads her document and finds several sentences in the passive voice, including this one: "The business was invested in by foreign

companies."

2. Revise those sentences so that they are in the active voice.

Example: Erica moves the companies to the front of the sentence: "Foreign companies invested in the business."

Revision Goal 3: "Omit needless words." -- Strunk and White

1. Re-read your document. Highlight all wordy sentences.

Example: Stephen reads his document, and one of the sentences he highlights is this: "It was extremely disappointing to hear the truly awful news."

2. Revise all highlighted sentences.

Example: Stephen realizes that the sentence has so much repetition that many revisions are possible. He decides to keep it short and keep the most intense

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word: "The news was awful."

Revision Goal 4: Connect sentences with conjunctions that express the relationship between the sentences.

1. Read your document. Look for groups of sentences that seem disjointed.

Example: Michelle highlights this passage in her document: "Inventory was not turning over quickly enough. The manager considered having a sale."

2. Connect disjointed sentences.

Example: Michelle realizes that the sentences, although grammatically correct, should be connected with a conjunction that expresses the cause and effect

relationship between them: "Inventory was not turning over quickly enough, so the manager considered having a sale."

Revision Goal 5: Vary sentence openings.

1. Re-read your document. Highlight any passages that have several sentences that begin with the same word or phrase.

Example: Demetrius highlights this passage in his document: "The accountant was unsure what to do when she discovered the error. The accountant decided

to investigate further."

2. Revise sentences by changing one of the openings or combining the sentences.

Example: Demetrius tries two different revisions:

"The accountant was unsure what to do when she discovered the error. This mistake needed further investigation."

"The accountant was unsure what to do when she discovered the error, so she decided to investigate further."

Mechanics

Revision Goal 1: Follow these steps to improve your use of mechanics and conventions.

Use the MY Editor feedback to improve your understanding of mechanics and conventions.

1. Pay attention to the specific feedback that MY Editor gives you as you compose and edit your document. Begin by revising any spelling or punctuation

errors you have committed. Then run MY Editor again to reexamine any remaining grammar errors that remain.

2. Write down the terms used in the feedback.

3. Study the terms that came up most often.

4. When you master your understanding of a particular term, move on to a new one.

Network to improve your understanding of mechanics and conventions.

1. Start or join a small, serious study group on the topic of mechanics and conventions.

2. Ask your instructor to recommend other resources to help you master mechanics and conventions.

When you rewrite your document, pay attention to your sentences to avoid errors in mechanics and conventions.

1. Place a period at the end of each of your complete thoughts/sentences.

2. Place the subjects of your sentences as close as you can to the beginning of your sentences.

When you rewrite your document, focus on correcting the errors that came up the most often in the original document.

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