Question

Suppose you are in charge of a fraternity, sorority, or other group (such as a club...

Suppose you are in charge of a fraternity, sorority, or other group (such as a club sports team) on campus.

What would be the approximate marginal cost to the group of another member joining? Explain your calculation.

Homework Answers

Answer #1

A new member period may last anywhere from one weekend to several months. During this time new members might participate in almost all aspects of the life of the fraternity or sorority, but most likely not be permitted to hold office in the organization. At the conclusion of the new member period a second vote of members may sometimes be taken, often, but not always, using a blackballsystem. New members who pass this second vote are invited to a formal and secret ritual of initiation into the organization, advancing them to full membership.Membership in more than one fraternity or sorority is almost always prohibited. Recently, some Greek-letter organizations have replaced the term "pledge" with that of "associate member" or "new member". Sigma Alpha Epsilon, in 2014, abolished pledging altogether. Potential members are now immediately initiated into the fraternity upon accepting a bid.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Barbara is working on the audit of a client with a group of five other staff-level...
Barbara is working on the audit of a client with a group of five other staff-level employees. After the inventory audit was completed, Diane, a member of the group, asks to meet with the other employees. She points out that she now realizes a deficiency exists in the client’s inventory system whereby a small number of items were double counted. The amounts are relatively minor and the rest of the inventory observation went smoothly. Barbara suggests to Diane that they...
1. Think of a group or team that you have been a member of that was...
1. Think of a group or team that you have been a member of that was very homogeneous in terms of member composition. Now think of one that was very heterogeneous (e.g., in terms of gender, age, race, ethnicity, educational backgrounds, or other relevant factors). Compare your experiences in these two groups. How were they similar and how were they different? What were the positives and negatives associated with the homogeneous group and with the heterogeneous group? Did group composition...
Imagine that you are in a group in a class in which you need to submit...
Imagine that you are in a group in a class in which you need to submit written work as a team, but that you have one member who does not contribute. What are your options? Imagine that the instructor tells you to work out your problems among yourselves. Identify at least three options and select the one you would prefer and why.
Group performance factors (Connect) Use your knowledge of group performance factors to complete the following sentences....
Group performance factors (Connect) Use your knowledge of group performance factors to complete the following sentences. The forces that create      are attraction to the group, resistance to leaving the group, and motivation to remain a member of the group. Because your project team has a lot of other competent members, you decide to put in a little less effort than you would if the team was struggling. Informal leadership Social loafing Group heterogeneity Match each description with the corresponding group...
7. Please answer the following questions (1)Suppose John is planning to join a sports club. Membership...
7. Please answer the following questions (1)Suppose John is planning to join a sports club. Membership in the club will allow John to swim at the pool for half price. Normally swimming for an hour would cost $10. If John has an income of $1000, the club membership fee is $100, and we plot the number of visits to the pool on the horizontal axis and a composite "other goods" which have a price of $1 on the vertical axis,...
You run a game day shuttle service for parking services for the local ball club. Your...
You run a game day shuttle service for parking services for the local ball club. Your costs for different customer loads are 1: $30, 2: $32, 3: $35,4: $38, 5: $42, 6: $48, 7: $57, and 8: $68. What are your marginal costs for each customer loadlevel? If you are compensated $10 per ride,what customer load would you want? Please do not handwrite, and explain in great detail, so that I can understand. Thanks again. (OH BTW PLEASE MAKE SURE...
Suppose you are in charge of your company database. Explain the concrete steps you would take...
Suppose you are in charge of your company database. Explain the concrete steps you would take if there is a power-failure during the entry of daily transactions into your database. How can you assure the integrity of the database after this event?
Respond as appropriate. Each response must be a least 100 words in length. You have been...
Respond as appropriate. Each response must be a least 100 words in length. You have been appointed as the team leader of a new project in your company. After a few weeks in the position, you start to notice there are distinct positive and negative members on your team. A few of your team members have been listed below along with a description of their group behavior. Identify which positive or negative member role they are displaying and explain how...
Nike's management team is considering two projects, a golf club project and a helmet project. A....
Nike's management team is considering two projects, a golf club project and a helmet project. A. Using the table below, calculate firm’s weighted average cost of capital: Nike: % of debt in capital structure 25% % of equity in capital structure 75% Before-tax required cost of debt 6% Tax rate 30% Cost of equity 11% B. Capital Budgeting Project information: Golf club project Helmet project Upfront costs (10,000,000) (8,000,000) Annual cash flows Year 1 $0 $3,000,000 Year 2 $0 $3,000,000...
Suppose that you opened a pizzeria. From your experience, you know that if you charge $15...
Suppose that you opened a pizzeria. From your experience, you know that if you charge $15 per pizza you will sell 50 pizzas in a day and, if you charge $10 per pizza, you sell 75 pizzas. Furthermore, each pizza costs you $5 to make. Do the following analysis on your sales. 1. Assuming price and demand are related linearly, determine the price demand equation relating price to the number of pizzas sold. 2. Use this to determine revenue (total...