{"title":"Raising Cash under Duress and the Role of Cash Value Life Insurance: An Educational Example.","authors":"D. Russell, James Chong, G. Phillips","doi":"10.19030/AJBE.V11I2.10141","DOIUrl":"https://doi.org/10.19030/AJBE.V11I2.10141","url":null,"abstract":"Consumers face hard choices when they need cash quickly. Hard choices can lead to emotional or economically unsound decisions. Traditional classroom discussions of raising funds to pay for expenses usually focus on generating income, borrowing, or the sale of real and financial assets, if hardship is discussed at all. However, many families have additional “non-traditional” sources of cash. This article examines the use of life insurance surrenders and policy loans as a source of funds for both routine funding needs as well as a source of emergency financing. The article concludes with a review of the economic considerations of life insurance for Insurance and Financial Planning educators and students.","PeriodicalId":356538,"journal":{"name":"American Journal of Business Education","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-03-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115587592","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
C. M. Stevens, Elizabeth Schneider, Patricia Bederman-Miller
{"title":"Identifying Faculty Perceptions of Awareness and Preparedness Relating to ADA Compliance at a Small, Private College in NE PA.","authors":"C. M. Stevens, Elizabeth Schneider, Patricia Bederman-Miller","doi":"10.19030/AJBE.V11I2.10142","DOIUrl":"https://doi.org/10.19030/AJBE.V11I2.10142","url":null,"abstract":"This paper explores post-secondary faculty perceptions of awareness and preparedness relating to Americans with Disabilities Act (ADA). Institutions of higher education are businesses. The largest threat to sustained viability for many businesses is litigation. Business-related litigation is often the result of non-employment discrimination or torts (violation of civil rights). Lack of knowledge (awareness and preparedness) is usually not a sufficient reason for defendants in business-related litigation. The number of college students reporting learning-related disabilities is growing. About 2.2 million students enrolled in higher education institutions have a documented disability (National Center for Education Statistics, 2016). Disability related litigation is a trending concern for institutions of higher education. Are post-secondary faculty ‘aware’ and ‘prepared’ to make the necessary accommodations for students with qualified learning disabilities in classrooms? ADA awareness is defined as cognizance relating to the Rehabilitation Act of 1973 and Americans with Disabilities Act of 1990. ADA preparedness is defined as readiness and ability to follow obligations relating to the Rehabilitation Act of 1973 and Americans with Disabilities Act of 1990. A moderate, positive correlation was discovered between the two variables, indicating the more awareness one has of ADA laws and requirements, the more prepared one is in dealing with accommodations for those with learning disabilities. Research indicates a need for updated and current training in the area of ADA awareness and preparedness of post-secondary faculty.","PeriodicalId":356538,"journal":{"name":"American Journal of Business Education","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-03-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128934115","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Finding The Beta For A Portfolio Isn't Obvious: An Educational Example","authors":"James Chong, William P. Jennings, G. Phillips","doi":"10.19030/AJBE.V11I1.10117","DOIUrl":"https://doi.org/10.19030/AJBE.V11I1.10117","url":null,"abstract":"When a portfolio is not actively managed to maintain a fixed investment percentage in each asset but rather maintains a fixed number of shares for each asset, the portfolio weights will change over time because the market returns of the different assets will not be the same. Consequently, portfolio betas computed as a linear combination of asset betas, which is the usual practice, will be different from betas computed using regression techniques on portfolio returns as is done when evaluating individual assets and mutual funds. The alternative approaches can result in quite different beta statistics and, consequently, inconsistent decisions depending on which method is used.","PeriodicalId":356538,"journal":{"name":"American Journal of Business Education","volume":"37 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-02-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121592909","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Student Trade Missions: An Experiential Learning Opportunity","authors":"Josée Audet, Geneviève Marcotte","doi":"10.19030/ajbe.v11i1.10116","DOIUrl":"https://doi.org/10.19030/ajbe.v11i1.10116","url":null,"abstract":"In response to the criticisms addressed to business schools, teaching formulas that foster experiential learning are increasingly being put forward. The Missions Commerciales de l’Université Laval (MCULUniversité Laval Trade Missions) is a training program designed to foster experiential learning. This program extends over an entire academic year in which students are required to find and fulfill an international development mandate on behalf of a business. The objective of this study is to investigate the extent to which participation in such a business consulting project enables students to acquire new skills and modify certain attitudes. Our results show that student participation in an international trade mission has a considerable impact on the acquisition of professional skills and competencies, as well as the development of personality traits and attitudes. Through this experience, students build confidence, develop a sense of initiative and learn to identify business opportunities and adapt quickly. It allows them to sharpen their sales skills and techniques while learning to represent a business. Having completed a trade mission also appears to improve student employability.","PeriodicalId":356538,"journal":{"name":"American Journal of Business Education","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-02-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132639108","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"How You Store Information Affects How You Can Retrieve It: A Fundamental Principle for Business Students Studying Information Systems and Technology.","authors":"M. Silver","doi":"10.19030/AJBE.V10I4.10099","DOIUrl":"https://doi.org/10.19030/AJBE.V10I4.10099","url":null,"abstract":"During the current period of rapid technological change, business students need to emerge from their introductory course in Information Systems (IS) with a set of fundamental principles to help them “think about Information Technology (IT)” in future courses and the workplace. Given the digital revolution, they also need to appreciate the role of information in business as well has how to meet the challenges involved in managing information effectively. This paper addresses both those needs by presenting a fundamental principle concerning information management: How you store information affects how you can retrieve it. The paper commences by presenting the principle in a manner that can be used to introduce it to the class. It continues by providing numerous concepts and examples that draw on the principle and that students are likely to encounter in the core IS course, subsequent courses, and their real-world use of technology. The paper concludes by raising a set of issues suitable for class discussion or exam questions.","PeriodicalId":356538,"journal":{"name":"American Journal of Business Education","volume":"120 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-01-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123232092","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Using Computer Output As A Vehicle For Self-Directed Study Of Financial Theory: The Art Of Teaching Backwards","authors":"Robert D. Campbell","doi":"10.19030/AJBE.V10I3.9982","DOIUrl":"https://doi.org/10.19030/AJBE.V10I3.9982","url":null,"abstract":"This paper presents an example of an approach to teaching financial theory at the college and post-graduate levels that I call “teaching backwards”. In the more traditional approach, instructors begin by explaining financial theory, then proceed to give examples of the way this theory can be applied to a business problem, structuring data around the predetermined theory. When teaching backwards we reverse the process, suggesting various ways to organize and report data related to a business problem and then inviting students to analyze these data to identify relationships between the variables that enable them to see potential applications of financial theory, or even to discover the theory itself. The example presented employs computer modeling and computer simulation as essential enabling tools for self-directed learning.","PeriodicalId":356538,"journal":{"name":"American Journal of Business Education","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130770531","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"NPV Sensitivity Analysis: A Dynamic Excel Approach","authors":"G. Mangiero, Michael Kraten","doi":"10.19030/AJBE.V10I3.9983","DOIUrl":"https://doi.org/10.19030/AJBE.V10I3.9983","url":null,"abstract":"Financial analysts generally create static formulas for the computation of NPV. When they do so, however, it is not readily apparent how sensitive the value of NPV is to changes in multiple interdependent and interrelated variables. It is the aim of this paper to analyze this variability by employing a dynamic, visually graphic presentation using Excel. Our approach illustrates how these variables, when increased or decreased to reflect the potential range of values in a business case, change the value of NPV, and hence affect the decision about whether to proceed with the project or to reject it. Furthermore, since sales revenue is one of the least certain elements in the business case, the presentation includes a probability estimate of whether NPV will be positive or negative, assuming that sales revenue is normally distributed with a known mean and standard deviation. The business case we have chosen for illustrative purposes is a global energy project. Nevertheless, financial analysts in any industry should be able to apply our dynamic spreadsheet approach to their projects as well.","PeriodicalId":356538,"journal":{"name":"American Journal of Business Education","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129951442","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Pedagogical And Institutional Impact Of Disruptive Innovations In Distance Business Education","authors":"H. Estelami","doi":"10.19030/AJBE.V10I3.9981","DOIUrl":"https://doi.org/10.19030/AJBE.V10I3.9981","url":null,"abstract":"The use of distance learning methods by universities has experienced significant growth over the past two decades. While this growth has been witnessed nearly equally across the various academic disciplines, it represents unique opportunities in business education. In this article we will profile how technological innovations in distance learning have historically caused disruptive changes in business education. The article then profiles three specific distance learning technologies that are emerging as revolutionary forces in changing business education. The impact of these technologies will be examined from both a pedagogical perspective and an institutional perspective. The influence of these educational technologies in addressing the unique needs of business students will also be discussed.","PeriodicalId":356538,"journal":{"name":"American Journal of Business Education","volume":"63 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126368980","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Statistical Analysis Of A Class: Monte Carlo And Multiple Imputation Spreadsheet Methods For Estimation And Extrapolation","authors":"Laurel J. Fish, Dennis Halcoussis, G. Phillips","doi":"10.19030/AJBE.V10I2.9918","DOIUrl":"https://doi.org/10.19030/AJBE.V10I2.9918","url":null,"abstract":"The Monte Carlo method and related multiple imputation methods are traditionally used in math, physics and science to estimate and analyze data and are now becoming standard tools in analyzing business and financial problems. However, few sources explain the application of the Monte Carlo method for individuals and business professionals who are not immersed in the realm of mathematics or science. This paper introduces these Monte Carlo methods for the non-mathematician and business student, providing examples where the Monte Carlo method is applied when only small samples are available. Statistical analysis and statistically sound extrapolation of sample characteristics to the larger class population can be facilitated by applying Monte Carlo methods and the related concept of multiple imputation, which is also explained. Appendices provide step-by-step instructions for using two popular spreadsheet add-ins to run Monte Carlo based analysis.","PeriodicalId":356538,"journal":{"name":"American Journal of Business Education","volume":"44 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128326032","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Service And The Millennial Business Student: The Motivating Influence Of An E-Book Class Project","authors":"W. Arnold","doi":"10.19030/AJBE.V10I2.9915","DOIUrl":"https://doi.org/10.19030/AJBE.V10I2.9915","url":null,"abstract":"A commitment to voluntary service that benefits others was reinforced for students who authored an e-book on service as a class project in a senior business course. The immersive experience of writing short essays that focused on service shifted students’ motivations toward service and solidified their intentions to continue with service after graduation. The article reviews millennials’ characteristics and their activities related to volunteering services. The concerns of generations covering the past 100 years illustrate the shift from physical hardship and a rudimentary standard of living in earlier times toward present-day issues of millennials, namely economic security, technology change, globalization and meaningfulness in life and careers. A 4-stage model shows how student engagement in creating the e-book influenced commitment to service. The stages include (a) salience (being tasked with the assignment), (b) reflection (thinking about service), (c) internalization (deciding about service in their own lives), (d) commitment-action (resolve to actively integrate service into future life). Examination of millennials’ values and work styles indicated the e-book as a class project matched their preferences. Each of 5 teams was tasked to complete deliverables, which the students produced operating under a “leaderless classroom” structure. Corporations that encourage employees to offer pro bono services have recognized benefits to their employees, reinforcing the need for business education programs to include service-related experiences.","PeriodicalId":356538,"journal":{"name":"American Journal of Business Education","volume":"44 16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131903790","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}