The Actual Final Paper_Essay - [Pick the date] [TYPE THE...

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[Pick the date] [Type the document subtitle] |  Jason [T YPE   THE   COMPANY   NAME ] [T YPE   THE   DOCUMENT   TITLE ]
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AEM 414 12/10/08 The Aftermath of Systematic Errors Now, in what is just the beginning of the end of the financial crisis, we are beginning to realize the impact of the credit crunch on one of the largest industries in all of the United States. The U. S. Big Three car dealers, Ford, GM, and Chrysler, have found themselves between a rock and a hard place, so to speak. With the culmination of the decisions recently made by congress to grant 700 billion dollars to the financial industry, yet another industry is looking for Washington to help them out of a bind. Ford, GM, and Chrysler, the three largest car companies in the United States of America are asking congress for 24 billion of the 700 billion dollars given to the financial industry. GM and Chrysler say the loan is imperative to their ability to make it through the end of 2008, while Ford is in a slightly better position but will run out of cash-on- hand early in the first quarter of 2009 if not given some assistance from the government (WallSTREETJ). CEO’s from each of the Big Three currently made their way to Washington in three separate private jets which garnered much criticism, not only from the media and television personalities, but also the general public, given the state of their companies. Moreover, they arrived with what seemed to be no plan at all in terms of how they would use the money to become profitable or any other long term sustainable strategy for their companies. The showing was all in all an embarrassment not only to themselves but to their companies and the thousands of people they serve. Congress has allowed for them to have a second chance to present their case, because a number of issued must be addressed before they can justify giving these companies a bridge loan of some 24 billion dollars. Those issues range from the current business structure of their companies in terms of how they plan on remaining competitive in
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terms of labor cost, distribution, and model type. We must also note that Congress is limited here as well by the many variables impacting choice theory such as the size of the problem, time limitations, attribute correlations, incomplete information, as well as other comparable choices. (Lecture 5)
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The Actual Final Paper_Essay - [Pick the date] [TYPE THE...

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