11 Nov Pick a product and identify four direct materials that are used to create the product

Manufacturing Costs: Pick a product and identify four direct materials that are used to create the product, identify at least two types of labor, Identify at least three types of overhead costs, and discuss how the company should be able to do to lower each cost.

Homework 2, 1 page with 2 references:

Identify a non-value-added activity at three different publicly traded organizations. Explain how each organization might be able to eliminate the non-value-added activity identified. Please make sure not to select organizations that are similar to prior posts.

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Use this reference for below questions. Brickley, J.A., Smith, C.W., & Zimmerman, J.L. (2021). Managerial economics and organizational architecture (7th ed.). New York: McGraw Hill/Irwin.

Homework 3, 1 page with 2 references

If a firm has created value, is it also always able to capture that value? How does a firm create value and then what must it be able to do to capture that value? In your answer, provide an example of a firm that has been able to create value. Then discuss whether or not you believe it has captured that value and if so how it was captured and if not why it was not able to do so.

Homework 4, 1 page with atleast 2 references

Identify an incentive conflict in your firm, or one you have read about, that reduced firm value. As part of your answer, discuss whether or not one or more of the legs of the organizational stool was unbalanced, and if so, how that contributed to the conflict.

Homework 5: 4 pages with atleast 2 references

ANALYZING MANAGERIAL DECISIONS: eBay.com*

eBay operates the world’s largest online auction. It is a multi-billion dollar business, which in 2018 generated nearly $11 billion in revenue from its operations in about 33 countries. Sellers pay a small fee to eBay to list their items. They provide a description of the item, photographs, the minimum acceptable bid, accepted forms of payment, and other relevant information. Items can be sold at a fixed price or through an auction. In an auction, bidders submit electronic bids over the Internet. After the auction closes (auctions usually last several days), the high bidder receives an e-mail. The high bidder must contact the seller within three business days to claim the item and arrange payment and delivery. eBay provides other support services:

The Feedback Forum is a place where eBay users leave comments about each other’s buying and selling experiences. If you are a bidder, you can check the seller’s Feedback Profile easily before you place a bid to learn about the other buyers’ experience. If you’re a seller, you can do the same thing to check out buyers. Each participant is given a Feedback Score based on the number of positive and negative ratings they have received. Participants with sufficient positive ratings are flagged by colored stars. The highest rating is the “Red shooting star.” eBay has created a set of policies to guard against “feedback manipulation” and “feedback abuse.”

eBay users are encouraged to settle transactions through PayPal. PayPal provides free insurance of up to $2,000 on some items to protect buyers in cases where they do not receive the item or it was less than expected.

Participants sign user agreements that specify the trading rules and expectations. eBay’s safety staff investigates alleged misuses at eBay such as fraud, trading offenses, and illegally listed items. Potential resolutions include such things as banning a person from future trading on eBay.

How does eBay create value?

What potential contracting problems exist on eBay?

How does eBay address these problems?

What are the contracting costs at eBay?

eBay claims that it has only a small problem with fraud and misuse of the system. Does this imply that it is overinvesting in addressing potential contracting problems? Underinvesting? Explain.

*To obtain more detailed information, go to www.ebay.com.