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The following quote is based on statements made by quality expert W. Edwards Deming:
"If by bad management the components of a company become competitive, the system is destroyed.....A common example lies in the practice of ranking people, divisions, teams, comparing them, with reward at the top and punishment at the bottom. Jobs and salaries are based on comparisons. Teams naturally become competitive; divisions become competitive. Each tries to outdo the other in some competitive measure. The result is higher costs, battle of market share. Everybody loses."
Do you agree with Deming that performance evaluation based on comparative rankings always reduces company value?
Elucidate how would a gradual increase in the percentage of fathers who stay home to care for young children while their wives continue working ultimately alter the male-female wage gap.
Illustrate what kind of gap-inflationary or recessionary-will economy face after shock and illustrate what type of fiscal policies would help move economy back to potential output.
Illustrate what were its consumption and government expenditures on goods and services.
Illustrate what role does weak financial regulation also supervision play in causing financial crises.
Discuss two fiscal policy measures taken by the government that attempted to minimize the recession and provide for economic stabilization when the the economy apparently was heading for recession in 2007.
Suppose a second firm enters the market. let Q1 be the output of the first firm and Q2 be the output of the second. What is the profits of each firm as functions of Q1 and Q2.
Illustrate what does a point outside construction possibilities frontier indicates.
Explain how would each of these traps impact the production possibilities frontier.
here are many liquid cold medicines, all of which have almost exactly the same ingredients. Yet medicines with brand names that the man recognizes from television commercials are for more than the unadvertised versions. Elucidate in economic terms..
Elucidate why is productivity related to the standard of living. In your answer be sure to explain what productivity and standard of living mean. Make a list of things that determine labor productivity.
Elucidate is it good for the economy to have more competitive markets.
Assume that the pool of utilized textbooks grows further during the second year of the latest edition
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