Friday, October 3, 2014

Illinois bucks

Illinois bucks
            Transfer pricing is a way of setting a price for something like services within the particular enterprise. Transfer pricing should be accessible for students on campus. This is a great idea to reduce the affect of a first come first served basis and also a priority basis as well, which is used for registering for class.
            Creating a system of "illinibucks" is a way to solve several problems. Use of the "Illinibucks" would occur at a pre-specified price set by the campus. In my opinion, hours of your community work can be used as an "illinibucks". For example, one hour of community service is one "illinibucks". That will encourage students to be more active as a community and at the same time will give them some benefit.
            As for me, I would come up with a perfect usage of "illinibucks". First of all I would spend them for registering for classes. Because very often you are facing the problem of lack of spaces in the class for students. Also, I would use "illinibucks" for moving to the head of the line in many things on campus, because most of them are allocated to students on a first come first serve basis.






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            Introduction of such a system may cause some issues. For example, if the administered price was too low, it would be very easy for students to get what they want. And if the price was to high, that would make it impossible to achieve something and would ruin the main purpose of this system. That is why there should be a person, who would be monitoring the usage of "illinibucks".
            I think, the probation of this system will be a great plus for our collage's campus. It will help to organize students and make them more stirring, also they will spend more time on community service. All in all it will he improving from year to year and finally will become a perfect transfer pricing.




1 comment:

  1. You wrote:
    "Use of the "Illinibucks" would occur at a pre-specified price set by the campus."
    Why did you make that claim? Why not have the price float based on a market with Illinibucks as the currency? What would be the consequence if the Illinibucks price did float?

    In your penultimate paragraph, you do discuss having the administered price being too high or to low, but you don't tell us what would happen. In fact, isn't a very low Illinibucks price just like first come first served?

    In your first paragraph, you say Illinibucks should be earned via volunteer work. That would mean the people really aren't volunteering, correct? Hmmm.

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