000($970‚000-$177‚000). The total implicit cost is $190‚000($175‚000+.15X$100‚000). The total economic costs is $983‚000($793‚000+$190‚000). b. The accounting profit in 2010 is $177‚000($970‚000-$793‚000) c. The economic profit in 2010 is $-13‚000($970‚000-$793‚000-$190‚000). d. The owner should not leave his job because the economic profit is negative‚ which means he will earn less if he does his own business. 2. a. The type of agency problem that is involved here is principal-agent problem. Marriott
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Essentials of Mgt Chapter 1-Subject Review Questions 1. Describe a great manager. What makes him or her stand out from the crowd? A great manager is astute‚ a strategic thinker‚ and a self-effacing leader. They are great leaders‚ straight-talkers‚ empathetic‚ have control over their organization and are great organizers. Great managers should also be able to multi-task. They must be able to work with a diverse organization‚ and be free of from prejudices. Great managers should also appreciate
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all to the news over the course of the past four months since President Trump’s jolted ascendency to the presidency on November 8th‚ you would have noticed that extremely vocal‚ and sometimes violent‚ opposition to the new administration has attempted to discredit‚ defame‚ and impede throughout every waking moment‚ not through fair and honest political means‚ but through a perpetual barrage of mental warfare conducted on the American people. Since November 8th‚ the opposition to Pres. Trump has‚
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---------9Reference-----------------------------------------------------------------------------10SummaryIn this case of "Greenhill Community Center"‚ described as a executive director - Leslie was dealing with several issues within this non-profit organization‚ she had learned MBA and thought having experiences to fit her position‚ but after one year of managing the center‚ she felt frustration and anger. Background of the Greenhill Community CenterGreenhill was multi-service community center which
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still by running a large chain of bookstores as though it were a tech startup. Burning through about a billion dollars‚ the company built its own e-reading devices‚ which were well-received‚ and then its own tablet computers‚ which weren’t. Barnes & Noble sold so few tablets over the holidays last year that it actually lost money during the one time retailers can count on profits. “We are not going to continue doing what we’re doing‚” Lynch said in February. By then it was too late. In June‚ Lynch
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religions (Somali and Nigeria) and cause the existence of UN peacekeeping troops in many African places C- Poor and inadequate road and communication infrastructure in many countries. D-Lack of regular marine transportation lines. E-Fewer insurance companies coverage for higher risks existing in Africa. F-modest to low literacy level and Low life expectancy due to many diseases spread throughout Africa. G-Public sector bureaucracy‚ regularity and obstacles undermining the business climate. Q2- What
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Bates‚ S. (2003). Top pay for top performance. HR Magazine. Berglas‚ S. (2006). How to keep A players productive. Harvard Business Review. 1. Bates argues that in order to keep top performers satisfied and productive‚ there should be a substantial difference in the variable pay or merit-based salary increases that top performers and poor performers receive. Based on the available research (which is mentioned in the article)‚ how big of an increase is needed to “catch anybody’s attention”?
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AMERICAN PRESIDENT LINES‚ Petitioner‚ -versus- G.R. No. L-51641 June 29‚ 1982 CLAVE‚.... MARITIME SECURITY UNION‚ etc Respondents. x---------------------------------------------------x FACTS: Petitioner (APL) entered into a contact with the Marine Security Agency for the latter to guard and protect the petitioner’s vessels while moored at the port of Manila. The contract was valid for one year from date of its execution (Jan 4‚ 1960). The guards were not known to APL
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John Adams was the leader of the American revolution.He was also the second president of the United States and the first vice president.He served as president from 1797 to 1801‚Thomas Jefferson being his vice president. He was born on October 30 1735 and died at the age of ninety on his bed at July 4 1826 during independence day. John Adams was born in Massachusetts on the family farm.He studied law in Harvard and graduated in 1755 and began his career as a lawyer in 1758 and became one of
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Role of the CEO”‚ Vineet Nayar‚ Nayar used messaging to communicate to his employees while focusing the organization’s efforts on creativity and innovation‚ that address change and the adaptive challenge. He was responsible for preparing the firm‚ its members‚ and stakeholders for the future by fostering innovation and creativity through effective messaging. He was able to accomplish this by implementing a portal for the employees called “MyBlueprint”‚ and also my merging with a company called AXON
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