This is due before $11$:$58$ pm on $11/6.$ It is worth $100$ points.

Background: Businesses exist to provide a product or service to customers thereby making a profit. Accounting is how businesses tracks expense and income to see if they are making a profit. The information gathered shows management where there are potential problems and opportunities and is used to make decisions about how to spend money and where to locate their business to make a profit.

The two podcasts you will listen to discuss two business situations and the effect of these situations on the profitability of the companies involved.

Directions: Listen to each podcast and respond to the questions for each. Be sure your paper is properly formatted. You may use subtitltes of Podcast $1$ for the first set of questions and Podcast $2$ for the second set of questions. Be sure you provide an APA formatted reference for each podcast at the bottom of your page.

Podcast $1$: Is Retail Theft Getting Worse

$1.$ According to the podcast, what is shrink? Based on what you heard in the podcast, explain how shrink affects retailers and whether it is getting worse.

$2.$ Discuss two ways retailers are combating this problem.

$3.$ What is your opinion on whether shrink is as serious a problem as what retailers are indicating? Support your answer.

Podcast $2$: When insurers can't get insurance

$1.$ What are the problems insurance companies are experiencing in some states that are causing them to leave those states? What is the result for homeowners?

$2.$ Summarize the societal and ethical problems that preceded the current insurance problem. What are the issues these areas are facing now?

$3.$ The problem then is there are homeowners who must have insurance because the cost of replacing their home after a disaster would not be possible but insurance companies operate for profit and it is not in their best interest to offer insurance to homeowners in these problem areas. What are your thoughts on resolutions for this situation?