REVIEW NOTES FOR BUSI 100 LAST DAY

Caroline's qualities as an intern are highlighted.
- Effective communication skills.
- Helps understand concerns better.
- Creates a positive working relationship.
Concerns regarding internships often relate to the intern’s ability to express doubt or seek help.

Completion time for tasks is structured tightly with a duration of 30 minutes set for exams.
Anticipation of swift completions; emphasis on efficiency (e.g., 10-minute completions).
Each question is approximately assigned one minute, totaling around 60 questions for the midterm.

Midterm details noted:
- Involves math plus 30 questions within a 60-minute timeframe.
- An extension of an additional 30 minutes is provided for extra questions.
Emphasis on weighing pre-midterm concepts along with post-midterm results is discussed.
- Core topics remain relevant throughout the course, including:
- Freeman's theories
- Plato's specialization
- John Williams' valuation principles
- Fundamental accounting formulas and market gains.
- Recognition that studying all covered materials will yield benefits.

Use of a basic calculator allowed during the exam.
A handwritten, one-sided cheat sheet is permitted:
- Rationale for handwritten: promotes ownership and deeper learning.
- The act of creating a cheat sheet reinforces material understanding opposed to lazy copying.
Seating arrangements reflect the midterm structure, stressing adherence to assigned locations due to tight spacing.

Discussion on grading philosophies:
- Explanation of how grades fit into a curve framework; ranges are provided.
- Example story: NYU professor's transition from Princeton shows discussion on grading standards and student performance.
- Emphasis on assessing performance relative to each other rather than absolute achievement.
The expectation of a curve boosting final grades to mitigate competitiveness within the class.

Average score for market gains discussed:
- Average: 81% across three rounds.
- Recognition of relative performance across assignments affecting overall grade distribution.
Notion that lifting scores by points universally can affect curve positioning without changing relative performance.

Emphasis placed on considering key performance indicators such as:
- Earnings per share
- Return on equity.
Insights into valuation metrics explored:
- Examples given on simplified revenue multiple evaluations.
Issue raised about the significance of performance measurement in relation to individual assignments.

Discussion on capitalism and societal roles:
- Concession that motivations often stem from personal benefit with societal advantages as a byproduct.
Emphasis on the idea that business must serve not only profit objectives but also community and worker returns.
Strong connection made to the concept of the "triple bottom line" focusing on:
- People, planet, and profit.

Explanation of Hardin's theory on common resource management and community neglect.
Ostrom’s contributions to the subject by studying sustainable management of common resources.
- Highlight of community involvement and incentives as more effective than bureaucratic oversight.
Transitioned view from selfish personal motivations towards greater communal responsibilities.

Reflections on individual experiences that shape values and social responsibilities shared through personal anecdotes around Thanksgiving and immigration stories.
Mark Cuban’s insights reiterate the importance of individualized mission and goals in capitalism.
Continuous theme of finding joy in serving the community while pursuing personal business goals.

Final remarks emphasize ongoing reflective practices in both personal and professional growth.
Revisit the importance of educating oneself around moral accountability and broader impacts of business decisions beyond profits.