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Describe how a manager who derives satisfaction from both income and shirking allocates a 10-hour day between these activities when paid an annual, fixed salary of $130,000. Time spent working: Time spent shirking: When this same manager is given an annual, fixed salary of $130,000 and 5 percent of the firm's profits amounting to a total salary of $165,000 per year the manager chooses to work 9 hours and shirks for 1 hours. Given this information, which of the compensation schemes does the manager prefer? The manager is indifferent between the two payment schemes. The scheme with only a fixed payment of $130,000. The scheme with fixed payment of $130,000 and a percentage of profits.
Middle adulthood covers the time period between 30 to 65 years of age, and various physical changes are manifested during this time period. Describe two to three physical changes manifested in middle adulthood. Be sure to choose changes that others h..
Medicare administration costs are approximately $500 per year per person covered by Medicare. This is about 4.5% of the total annual health care expenses covered by Medicare. U.S. private health insurance administration costs are approximately $490 p..
Assume the operations manager at the company you own prefers to put in low effort rather than high effort. In order the manager to exert high effort, his expected financial gain must be at least $60,000 higher than if he puts in low effort. Discuss t..
For the within-treatments estimate of population variance, the MSE has a numerator and a denominator. describe the numerator. describe the denominator.
The price of oil is determined by supply and demand. The price of oil has been steadily hovering around the 100$-$120 per barrel mark for many years. With oil price falling, there will be some countries that will benefit and some countries which will..
Two partners own together a small landscaping business in North Carolina, called Summer Lawn Care. They have been specializing in summer grass seeding
The owner of a small car-rental service is trying to decide on the appropriate numbers of vehicles and mechanics to use in the business for the current level of operations. Assume that annual (leasing) cost per vehicle is $6,000 and the annual salary..
A factory is located next to a farmer, and sometimes emits pollution that damages the farmer’s crops that are adjacent to the factory. The crop damage can be reduced if the factory installs a scrubber, if the farmer moves her crops, or both. The foll..
A merger will likely lessen competition if
The two general types of economic systems that exist today are A. market systems and capitalism. B. laissez-faire systems and pure command systems. C. market systems and command systems. D. socialism and central planning.
Discuss how increasing your human capital may influence your ability to accept change, and readiness to learn new skills and get new jobs. Please apply the effects of human capital and technological changes as explained in the textbook when sharing y..
Mitchell Bancorp is considering making a loan at 3% interest (c/a) to Sohn Co to buy a machine tool worth $300 million. The tool has no salvage value and is depreciated over 3 years by sum-of-years digits. In this state, Sohn Co pays 50% tax. Assume ..
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