predictable changes over time in key measures of the organization’s performance – and how sensitive you think the
organization is to business cycles.

For the Module 5’s Project, please read the Summary of Current Economic Conditions in the most recent issue of
the Fed’s Beige Book.

http://federalreserve.gov/FOMC/BeigeBook/2009

Please address the following questions in a 2 to 4-page MS Word document.

answer the following two questions keep in mind the distinction between seasonal and cyclical influences on an
organization. The questions below refer to cyclical, not seasonal, economic variations (cycles).

1. How sensitive do you think your organization is to economic expansions (upswings) and contractions (downswings
or recessions)? Explain. If you believe that your organization’s performance is not sensitive to general economic
business cycles, then explain why it is stable as the economy moves up and down. CAUTION: You must be specific
in your reasoning, with the focus directly on your SLP organization rather than making general comments that
apply to any organization.

2. The Fed has forecasted future economic conditions and they are found in the Fed’s Beige Book. Please choose
the one most important economic condition that might affect your company’s future performance. Confine yourself
to only one.
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