Essay Instructions: Required:
1.Read the corporate profile of Marathon Oil at http://www.marathon.com/
You are to write a five to six (5-6) page paper that answers the following:
1.Analyze the relationship between the retail price of gasoline and the world demand for crude oil.
2.Explain what Marathon could do to keep the price at the pump the same without losing profits if global crude production decreased by 10%.
3.In June 2010, President Obama imposed a six-month deep-water drilling moratorium. Determine the impact of another moratorium on deep-water drilling for retail gas prices in the U.S. should the government determine this necessary.
4.Under the Corporate Citizenship section of the website, evaluate Marathon?s statement on Health, Environment, Safety & Security in relation to what the expectations are for the industry. Be sure to use an external source to answer this question
The format of the paper is to be as follows:
?Typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format.
?Use headers for each of the criteria, followed by your response.
?In addition to the five to six (5-6) pages required, a title page is to be included. The title page is to contain the title of the assignment, your name, the instructor?s name, the course title, and the date.
Note: You will be graded on the quality of your answers, the logic/organization of the report, your language skills, and your writing skills.
Here are the grading rubric.(Please adhere to strictly) and please do not making leading statements.
Outcomes Assessed
Analyze a firm?s operations management and make recommendations to enhance quality and increase productivity.
Formulate business plans based on an analysis of domestic and global operating environments, market dynamics, and electronic and internal capabilities.
Use technology and information resources to research issues in the functions and processes within a business enterprise and key factors affecting productivity
Grading Rubric for Assignment 3 ? Production and Operations Management
Criteria
10
Unacceptable
20
Developing
30
Competent
40
Exemplary
1. Analyze the relationship between the retail price of gasoline and the world demand for crude oil.
Did not complete the assignment or did not analyze the relationship between the retail price of gasoline and the world demand for crude oil; omitted key information and/or included irrelevant information. Completed with less than 70% accuracy, thoroughness, and logic.
Partially analyzed the relationship between the retail price of gasoline and the world demand for crude oil; omitted some key information or included some irrelevant information. Completed with 70-79% accuracy, thoroughness, and logic.
Sufficiently analyzed the relationship between the retail price of gasoline and the world demand for crude oil. Completed with 80-89% accuracy, thoroughness, and logic.
Fully analyzed the relationship between the retail price of gasoline and the world demand for crude oil. Completed with 90-100% accuracy, thoroughness, and logic.
2. Explain what Marathon could do to keep the price at the pump the same without losing profits if global crude production decreased by 10%.
Did not complete the assignment or did not explain what Marathon could do to keep the price at the pump the same without losing profits if global crude production decreased by 10%; omitted key information and/or included irrelevant information. Completed with less than 70% accuracy, thoroughness, and logic.
Partially explained what Marathon could do to keep the price at the pump the same without losing profits if global crude production decreased by 10%; omitted some key information or included some irrelevant information. Completed with 70-79% accuracy, thoroughness, and logic.
Sufficiently explained what Marathon could do to keep the price at the pump the same without losing profits if global crude production decreased by 10%. Completed with 80-89% accuracy, thoroughness, and logic.
Fully explained what Marathon could do to keep the price at the pump the same without losing profits if global crude production decreased by 10%. Completed with 90-100% accuracy, thoroughness, and logic.
3. Determine the impact of another moratorium on deep-water drilling for retail gas prices in the U.S. should the government determine this necessary.
Did not complete the assignment or did not determine the impact of another moratorium on deep-water drilling for retail gas prices in the U.S.; omitted key information and/or included irrelevant information. Completed with less than 70% accuracy, thoroughness, and logic.
Partially determined the impact of another moratorium on deep-water drilling for retail gas prices in the U.S.; omitted some key information or included some irrelevant information. Completed with 70-79% accuracy, thoroughness, and logic.
Sufficiently determined the impact of another moratorium on deep-water drilling for retail gas prices in the U.S.. Completed with 80-89% accuracy, thoroughness, and logic.
Fully determined the impact of another moratorium on deep-water drilling for retail gas prices in the U.S. Completed with 90-100% accuracy, thoroughness, and logic.
4. Evaluate Marathon?s statement on Health, Environment, Safety & Security in relation to what the expectations are for the industry.
Did not complete the assignment or did not evaluate Marathon?s statement on Health, Environment, Safety & Security in relation to what the expectations are for the industry; omitted key information and/or included irrelevant information. Completed with less than 70% accuracy, thoroughness, and logic.
Partially evaluated Marathon?s statement on Health, Environment, Safety & Security in relation to what the expectations are for the industry; omitted some key information or included some irrelevant information. Completed with 70-79% accuracy, thoroughness, and logic.
Sufficiently evaluated Marathon?s statement on Health, Environment, Safety & Security in relation to what the expectations are for the industry. Completed with 80-89% accuracy, thoroughness, and logic.
Fully evaluated Marathon?s statement on Health, Environment, Safety & Security in relation to what the expectations are for the industry. Completed with 90-100% accuracy, thoroughness, and logic.