The owners of the Hungerford Hotel are considering whether they should hold the hotel or renovate it, as well as when they should consider selling the hotel. Answer the following questions based on two scenarios for the Hungerford Hotel that are shown on the last page in this document. The first scenario is the base case, which Professor deRoos analyzed in the video on the previous page “Case Study: The Hungerford Hotel.” The second scenario is the renovation case, which assumes that the renovation has been completed. You can assume that the hurdle rate is 14%.
During The Enlightenment, there was a rigid class structure, dividing each person into one of the three classes: Upper Class, Middle Class, and the Working Class. Throughout this journal article, author Sidney Hook discusses the complex and unkempt relationship between Marxism and The The Enlightenment. In the article Hook analyzes the beliefs associated with The Enlightenment, faith in reason or science and the belief in the natural rights of man, and the reasoning behind the Marxist movements during that century, to regard socialism as a means of furthering democracy and to regard democracy simply as a means of furthering socialism. Unlike various other writers who boasted about their immense understanding of the theory of Marxism, Sidney Hook was the only experienced philosopher who was educated on the subject and was able to bring a detailed comprehension of Marx’s theory. This allowed him to provide readers with genuine sources in order to solve disputes and claims that became so visible during his life. By having the information given in this journal I will be able to distinguish the similarities between Marxist and Enlightenment thinkers and will have greater insights as to how the theory of Marxism affected the strict class structure during this time period. Katz, Elihu, et al. “Status Mobility and Reactions to Deviance and Subsequent Conformity.” Sociometry, vol. 27, no. 3, 1964, pp. 245–260. JSTOR, www.jstor.org/stable/2785617 During The Enlightenment, social mobility was questioned due to the newfound concept of reason in society. Throughout this journal article, authors Elihu Katz, William L. Libby, Jr. and Fred L. Strodtbeck conduct multiple experiments to further discuss the effects conformity has on status mobility. In their summary and discussion, the authors concluded that an increase in conformity most commonly results in an improved status and mobility. Elihu Katz is American and Israeli sociologist who graduated from Columbia University where he worked alongside his mentor to write a book, now commonly referred to as an important aspect in the two-step flow model of communication. Due to his many qualifications, Katz acts as an exceptionally reliable source for my topic. This article connects to The Enlightenment and Marxism journal by Sidney Hook, because they both discuss the complexity of class structure and social mobility. Throughout the novel of Candide, the views of social mobility are shown through the various changes of fortune throughout all of the main characters. Although each main character began high up in the social hierarchy at the beginning of the sto>GET ANSWER