ECO 365 - Week 2 Discussion Question Answers DQ 1: Why is the demand of labor a derived demand? Explain the shape of the supply of labor curve. What is the relationship between productivity and the wages earned by an employee? What are some factors that determine the level of your income? The concept of derived demand occurs when the demand of product exists due to demand of another product. In this case‚ demand of a labor is a form of derived demand‚ because the amount of labor hired will
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is what we know about Precision Worldwide‚ Inc. (PWI): Manufactures industrial equipment and parts for sale in numerous countries. Repair and replacement parts account for a substantial part of the company’s business with the replacement part in question‚ steel rings‚ occur in the machines manufactured only in PWI’s German plant‚ but can also be used on some competitor’s machines. This steel ring has an average normal life of about 2 months. These individual rings are replaced as they wear out and
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MGT 4481 March 29‚ 2012 Discussion Questions from Chapter 1 and 2 Chapter 1 1. Relate a hiring experience you have had as a job seeker to the process illustrated in Figure 1-1. What could the organization you applied to have done to improve your experience? Many years ago I applied for a job I learned about by word of mouth. I was instructed to contact the supervisor of the position I was seeking in order to set up an interview. I interviewed with the supervisor‚ and met the qualifications
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Review the Enron case information presented in the textbook. If you were a high-level leader in this corporation‚ how might applying your personal ethics have changed the outcome? Greed‚ power and personal satisfaction are all characteristics that motivate people to do things that might not always be in the best interest of others. In the case of Lay and Skilling‚ along with dozens of other executives‚ this is exactly what happened. There was no acceptance of blame‚ only ignorance and death.
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The title of the story looms over the entire narrative‚ as it’s not until the last page that we learn who the husband is — it turns out it’s someone who‚ until that last page‚ we haven’t even met. So that’s my first puzzle: why did Munro give this story that title? What game is she playing with that structure and our expectations? It’s surely not just a ha-ha-gotcha ploy. The second puzzle is this: why are so many of the people in the story pretending to occupy roles they don’t? First‚ we have the
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Discussion Questions Whistling Vivaldi Chapter 1 1. What are some of the identity contingencies that Steele mentions in this chapter‚ and what are some that you have faced in your life? The identity contingencies that Steele mentioned are racial order‚ segregations‚ constraining behavior and stereotype threat. Whenever I play basketball with my African American friends‚ I always go easy on them because I believe that their athletic genetics are naturally superior than mine‚ so there is no reason
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method because the older milk will be sold first. International Accounting Standards No. 2 (IASCF) does not permit the use of LIFO for foreign affairs. Therefore‚ companies must use FIFO to report any inventory outside of the US effective as of January 1‚ 2009. On the hand‚ we have LIFO which is last in‚ first out. There has been a gradual increase of LIFO method by companies from 1973-2008. This method assumes that shirts bought in May 2012 will be sold before the shirts made in January 2012. Generally
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Which of the following is true? (Points : 1) Efficiency refers to the size of the economic pie; equality refers to how the pie is divided. Government policies usually improve upon both equality and efficiency. As long as the economic pie continually gets larger‚ no one will have to go hungry. Efficiency and equality can both be achieved if the economic pie is cut into equal pieces. 2. Pete receives $50 as a birthday gift. In deciding how to spend the money‚
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Discussion Problem 1: An Australian construction company‚ A Co‚ wishes to tender for a major building project in a developing country (D Co) that is run by a military dictatorship favorably disposed towards international business. The tender is organized by the Ministry of Planning. A Co needs to undertake an expensive feasibility study to be in a position to tender. It enters into negotiations with Ministry officials both in Australia and in D Co to gain assistance in conducting the study
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Financial Statement Analysis Case Discussion Questions CASE: The Case of the Unidentified Industries - 2006 The questions are in the case. However‚ the following information might be helpful. 1. For purposes of this case the loans of the commercial bank are classified as accounts receivable and the deposits as accounts payable. 2. Unlike most business done on a credit basis where $1 of revenue creates a $1 accounts receivable‚ in advertising $1 of revenue creates $1/15% = $6.67 of accounts receivable
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