Critical Thinking in Action

final reflection
August 8, 2017
Assignment: Start-up Budgeting For this assignment, you will decide what type of budget to implement for a start-up company. Write a three to four (3-4) page paper in which you: 1.Summarize the type of manufacturing company you plan to start up and determine how you will design the value chain for your manufacturing company. 2.Describe the type of budget you plan to implement in your company, and outline the budgeting review steps necessary to ensure that your company reaches the financial forecast. 3.Select at least four (4) specific benchmarks you will utilize in your company. Explain the benchmarks selected and their benefit(s) to your company. 4.Explain the type of cost system you plan to implement in your company, and identify any major challenge(s) in implementing your cost system. Suggest a way to overcome the identified challenge(s). 5.Integrate at least one (1) quality resource using in-text citations and a reference page in your assignment. Note: Wikipedia, Investopedia, and similar Websites do not qualify as quality resources. 6.Format your assignment according to the following formatting requirements: Typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides. Include a cover page containing the title of the assignment, the students name, the professors name, the course title, and the date. The cover page is not included in the required page length. Include a reference page. Citations and references must follow APA format. The reference page is not included in the required page length. The specific course learning outcomes associated with this assignment are: Analyze the management accountants role in the organization. Analyze the advantage of budgeting, the preparation of a master budget, and other forms of planning. Discuss the allocation of costs to divisions, plants, departments, contracts, and products. Compare and contrast the various management uses of variances. Use technology and information resources to research issues in cost accounting. Write clearly and concisely about cost accounting using proper writing mechanics.
August 8, 2017
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Critical Thinking in Action

Write a short paper (1,000-1,200 words, double spaced, plus a cover page and references) that critically analyses the ideas or position presented in the case reading. The major sections of your paper should include the following:Introduction
Explanation of the Issue or Problem
Analysis of the Information
Analysis of Alternative Viewpoints, Conclusions or Solutions
Personal or Summarized Conclusions and Proposed Decisions
ConclusionFollow these guidelines:Use the TGS Critical Thinking Rubric to guide your analysis: Critical Thinking Rubric, expanded.
Use the TGS Written Communications Rubric to guide your writing: Comm Rubric Expanded Rev 032416.pdf.
Draw in references from at least one reputable outside resource related to the topic to support your conclusions or proposed decisions.
Employ APA Style 6ed for format and citation guidance: APA Citation Examples (UMUC Library); Sample Paper to Show Appropriate APA Style.
Include an APA title page and Reference page.Critical Thinking in ActionBackgroundWhat is Critical Thinking?The head of your organization pulled you aside and asked you to review a workplace dispute. She said, Apply your best critical thinking to figure out what happened and what decision can best remedy this situation. She wants your analysis in two weeks.To begin, lets consider what it means to engage in critical thinking. While the application of critical thinking may vary across disciplines, the steps are universal. Adapted from the writings of Bassham, Irwin, Nardone, and Wallace (2011); Lau (2011); and Lau and Chan (2015), critical thinking involves thinking clearly and systematically, and encompassesFormulating ideas succinctly and precisely
Identifying the relevance and importance of ideas
Understanding the logical connections between ideas
Identifying, constructing and evaluating arguments, claims, and evidence
Recognizing explicit and implicit assumptions, arguments, and biases
Detecting inconsistencies and common mistakes in reasoning
Formulating clear defensible ideas and conclusions
Evaluating the pros and cons of decisions
Reflecting on ones own beliefs and values
Applying ethical decision makingThe steps involved in critical thinking can be employed universally, in the analysis of all thoughts and actions whether you are analyzing documents, ideas, assertions, or the quality of decisions/solutions.Most importantly, critical thinking is purposeful. It is not restricted solely to information gathering, nor is it about being negative and fault-finding (Bassham et. al., 2011 p. 1). As Lau and Chan write, A critical thinker is able to deduce consequences from what he knows, and he knows how to make use of information to solve problems, and to seek relevant sources of information to inform himself (2015, para 1). While the process of critical thinking may involve exposing untruths and poor reasoning, it also involves engaging in cooperative reasoning for the purposes of shared goals and decision making. We engage in the steps of critical thinking to learn deeply, to improve our ideas, to strengthen arguments and to enhance work processes and improve social institutions (Lau and Chan, 2015 para 2).Critical thinking aligns with and informs ethical reasoning and decision-making. Internet marketing expert Nick Melillo (2010) writesCritical thinking plays a large role in ethics because it is the process by which we determine for ourselves whether or not something is right or wrong. In a sense, critical thinking is a form of analysis and determination of fact vs. fiction, identifying the unknown, coming to an understanding, etc By taking the path of a critical thinker, a person develops a mental process of evaluation which helps to determine their ethical standards. (p. 1)The process of critical thinking helps us weigh and verify information, assess intent, and consider consequences, thereby enabling more effective ethical decision-making.Hereford (2015) suggests critical thinking requires a particular mindset that includes being able toRely on reason instead of emotions
Assess a broad range of perspectives and viewpoints
Consider new evidence, explanations, findings, and alternative interpretations
Reassess information
Suspend personal prejudices and biases
Contemplate all reasonable possibilities
Avoid quick judgmentsIn this assignment, youll take some time to adopt a framework for critical thinking. Then youll put the steps of critical thinking into practice by responding to the company-heads request for a critical analysis of the ongoing dispute.The AssignmentStep 1: Review the Critical Thinking Rubric, expanded (3).pdf. This rubric is intended to serve as a framework for critical thinking. Use it to structure your thinking for this assignment and for others in your studies at UMUC.The framework (as delineated in the rubric) is based on FOUR key steps, each of which has several sub-steps.Identify and clearly explain the main issue or problem under critical consideration.
Gather and analyze information to explore/investigate the issue or problem.
Consider and analyze other possible viewpoints, conclusions or decision/solutions to the issue or problem
Develop well-reasoned ideas, conclusions and/or decisions/solutions, checking them against relevant criteria and benchmarksStep 2: Read the Case Study- Accident on the Job.pdf, and analyze it using the framework provided by the TGS Critical Thinking Rubric. Use the rubrics four key steps as the format framework of a short position paper (details in the Deliverables section below). Employ the sub-steps within each of the four key steps to further direct your analysis.Assignment DeliverablesWrite a short paper (1,000-1,200 words, double spaced, plus a cover page and references) that critically analyses the ideas or position presented in the case reading. The major sections of your paper should include the following:Introduction
Explanation of the Issue or Problem
Analysis of the Information
Analysis of Alternative Viewpoints, Conclusions or Solutions
Personal or Summarized Conclusions and Proposed Decisions
ConclusionFollow these guidelines:Use the TGS Critical Thinking Rubric to guide your analysis: Critical Thinking Rubric, expanded.
Use the TGS Written Communications Rubric to guide your writing: Comm Rubric Expanded Rev 032416.pdf.
Draw in references from at least one reputable outside resource related to the topic to support your conclusions or proposed decisions.
Employ APA Style 6ed for format and citation guidance: APA Citation Examples (UMUC Library); Sample Paper to Show Appropriate APA Style.
Include an APA title page and Reference page.Remember: Even though I have suggested the major sections for your short paper, you should still follow best practices for structuring the paper.An effective introduction grabs the readers attention and sets the tone and direction for the rest of the paper. In reading an introduction, the reader should have a clear idea of what will follow. Supporting paragraphs move the reader from the general introduction to the more specific aspects of your analysis in the paper.
The body paragraphs show how the information you are providing supports and relates to your thesis. Paragraphs across and within sections need to effectively transition from one to the next.
Each paragraph should include a topic sentence, which contains the main point of the paragraph.
The Conclusion (#6) brings to a close what you have presented in your paper.
You have moved the reader from the general introduction (The intent of this paper is to critically analyze) to the specific supporting paragraphs (the details under headings #2-5), and now to the conclusion, which briefly summarizes the issue or intent and restates the main points of your analysis (detail analysis of the issue of resulted in conclusions that indicate and suggest proposed decisions to).Assignment Submission1. Discuss your outside source choice(s) with your classmates in the Discussion: Critical Thinking in Action2. Submit your essay to your Assignment Folder by the due date. Label it in this manner: LAST NAME_ Critical Thinking_FA 2016.NOTEYoull want to see the rubric your professor will be using to assess your work: TGS Comm-Crit Rubric- Critical Thinking in Action.Youll probably also want to use the WRIT 689 tutors for feedback before you submit this assignment for a grade. If you havent already registered for the tutoring services, do so here: Writing Tutoring Registration.ReferencesBassham, G., Irwin, W., Nardone, H., & Wallace, J. (2011). Critical thinking: A students introduction (4th ed). New York, NY: The McGraw Hill Companies.Fisher, A. (2011). Critical thinking: An introduction. New York, NY: Cambridge University Press.Hereford, Z. (2015). How to think critically and problem solve. Retrieved from http://www.essentiallifeskills.net/thinkcritically.htmlLau, J. (2011). An introduction to critical thinking and creativity: Think more, think better. Hoboken, NJ: John Wiley & Sons, Inc.Lau, J., & Chan, J. (2015). What is critical thinking? Retrieved from http://philosophy.hku.hk/think/critical/ct.phpMelillo, N. (2010). What is the relationship between critical thinking and ethics? Retrieved from http://www.triadsearchmarketing.com/p(4)

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