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Opening Vignette Exercise: In this chapters opening vignette, you learned how Fluor combines succession management and career development to ensure a sold talent pipeline of project managers and senior executives. Working in a group of three to five students, reread the vignette.
a. Why do you think that Fluor's internal assessment and development system is so successful?
b. What additional ideas do you have that could help Fluor fill as many internal positions as possible with its current employees?
Consider the following mutually exclusive alternatives: Each alternative has a 5-year useful life and no salvage value. The MARR is 10%. Which alternative should be selected if one uses?
There is full employment, with an inflation rate of 10 percent. There is no inflation, but 10 percent unemployment.
Use the principles of supply and demand to address a predetermined goal (set by the student) in the gasoline market. Be clear on what the current market indicates and why and what your future goal is.
Suppose firm sets an entry fee plus per-unit price for each consume. It can tailor entry fee and per-unit price to individual consumer. Illustrate what are best (profit-maximizing) entry fees and per-unit prices for it to set. Illustrate what is t..
Elucidate how a firm's production function is related to its marginal product of labor, how a firm's marginal product of labor is related to the value of its marginal product.
Progressive Printing, Inc. needs a new high-speed printer to replace their existing out-of-date unit. They decided to buy a used IntegraColor KBA UV 81-Inch Press, a very high-end lithograph machine. At what monthly bank interest rate would the two c..
Economists often disagree about the proper role of government in the economy, but they almost all agree that the government should:
Many states have passed laws known as dram shop acts under which a business or an individual can be held liable for injuries caused by persons who become intoxicated from alcohol served by the business or individual. What do you think the underlying ..
On the Keynesian cross diagram, a decrease in government spending (as in tight (contractionary) fiscal policy) will cause
You want to expand your garage. A contractor, who was highly recommended, says that he will do the whole job (new roof, automatic garage door, insulation and more) for $55,000. He offers you two choices: At what monthly bank interest rate would the t..
What is the relationship between good X and Y. With the aid of a well-labeled diagram, show what happens to equilibrium price and quantity of good X, if the price of good Y increases.
Suppose a government moves to reduce a budget deficit. Using the model developed in class: a) Graphically illustrate the impact of reducing the government’s budget deficit by increasing (lumpsum) taxes on household income. Be sure to label:
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