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1. Would the reward system vary among retailers, manufacturers, distributors, financial organizations? What other characteristics should good performance incentives have? Do those characteristics cause the implementation of incentives to differ across various functions of a company?
2.The Sarbanes-Oxley Act (Financial Reporting Act) of 2002 was passed in response the problems which surfaced with the market failures of 2000-2001, which was partially caused by senior executives in publicly-held firms routinely changing their quarterly and annual financial numbers to suit their whims rather than honestly report the condition of their organization to the public. The Act requires publicly-held companies to file annual financial reports with the signature of the firm's CEO attesting to its accuracy. The first reporting date was December 31, 2002. In the spring of 2003, two professors from a couple of New York universities were allowed to look at the filings of those companies which had complied with the filing requirement. They wanted to know which and how many companies paid the bulk of their end-of-year bonuses to the top five persons in the company, and which and how many paid the bulk of the bonuses to all of their employees. The majority paid 99% to the top five employees; only one company paid 1% to the top five employees and the remaining 99% was distributed evenly to the remaining employees down to the lowest level which was the custodians. The company was S.C. Johnson of Racine, WI manufacturers of Pledge, Scrubbing Bubbles, Windex and other popular household products. Interestingly, S. C. Johnson was the most profitable manufacturer in the U. S. that year. Any thoughts? Any reactions? Who Should be Eligible for Incentive Awards?
How does capital investment affect the marginal physical product of labor and does more college education have the same kind of effect also which is a better investment
Business Week, in an article dealing with management, wrote, "When he took over furniture factory three years ago. Realized almost immediately that it was throwing away at least $100,000 a year worth of wood scrap.
The following production function are given and solve this problem using an spreadsheet approach and then do the problem using the optimization procedure
What is the profit maximizing number of Gizmo Widgets that should be introduced? Be sure to account for the fact that Gizmo Widgets displace other kinds of widgets. Again, be sure you provide a brief explanation of your approach/reasoning.
Define and explain the terms decision management and decision control. Under what situations might it be optimal to make one individual responsible for both decision management and decision control?
Prepare a Marginal Cost Analysed Income Statement for 2014 from the above data to identify total and individual medical procedure contributions and profits.
A corporation requires $500,000,000 to finance a major project in the firm. The company is expected to generate a total of $80,000,000 in earnings next year with the addition of this project.
Assume that a stock price has an expected return of 16% per year and a volatility of 30% per year. When the stock price at the end of a certain day is $50,
Use the following information for a company's output at various levels of employment to compute: its marginal physical product of labor schedule; its schedule,
In most restaurants, waiters receive a big portion of their compensation through tips from customers. Generally, the size of the tip is decided by the customer. However, many restaurants require a 15 percent tip for parties of eight or more.
Following are the Production Function: Q = 72X + 15X2 - X3, where Q = Output and X = Input The Marginal Product and Average Product when X = 6 are;
Coca-Cola and PepsiCo are leading competitors in market for cola products. In 1960 Coca-Cola introduced Sprite, which today is the worldwide leader in lemon lime soft drink market and ranks fourth among all soft drinks worldwide.
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