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Homework
Course: Wage& Salary Administration
1. Review the FLSA categories in Table 2-2, p. 29 and/or in the attached FLSA General Guidelines document, attached above. (Be aware of the line issue in Table 2-2: Executive and Administrative are separate categories.)
2. Review the HRM Payroll Assistant job description, attached above.
3. Determine the exemption category that best fits the job.
4. Based on job requirement rules, determine the exemption status for the job. (Is the job exempt or not exempt from FLSA overtime provisions?)
5. Write a business memo to inform Dr. Lyon of your decision in this matter. (See sample business memo above.)
Suppose the number of motor-vehicle fatalities in a city during a week is Poisson distributed, with an average of 8 fatalities per week. What is the probability that 12 fatalities occur in a specific week?
The Arena Corporation, which sells engines, has a uniform value of $500, which is charges all its consumers. But, after its competitors begin to cut their rates in the California market to $400, Arena decrease its price to $400.
A friend of your is considering two cell phone service providers. Provider A charges $120 per month for the service regadless of phone calls made. Provider B does not have a fixed service fee but instead charges $1 per minute for calls.
For the second year, $1100 is owed, so this year has 1100 dollar-years for a cumu- lative total of 2100 dollar-years. Continue through 5 years. Then, divide the sum of the interest paid over the 5 years by the total dollar-year measure of the am..
When there is a binding price floor
Discuss the implications of various market structures
The following equation represents the weekly demand that a local theater faces. Qd = 2000 - 25 P + 2 A, where P represents price and A is the number of weekly advertisements. Presently the theater advertises 125 times per week.
suppose market demand and supply are given by qd 300 - 4p and qs -50 3p. the equilibrium price isa 35.b 40.c 50.d
Exchange in an island economy.robin and terry are stranded on a deserted island and consume two products, coconut and fish. In a day, robin can catch 2 fish or gather 10 coconuts, and terry can catch 1 fish or gather 1 coconut.
Explain the relationship among household disposable income, consumption, and savings. What is Marginal Propensity to Consume (MPC) and what does an MPC of 0.9 tell us about consumption and saving?
Describe the short-run and long-run effects on real output and the price level for each the following events. Assume the economy begins at short-run and long-run equilibrium. Justify your responses with reasoning.
suppose you are a transportation planner working for a large city. you are charged with implementing a new bus system
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