illness or health concern for themselves. The provisions that apply here is that the employee was granted leave‚ and has been on leave for 11 of the allowed 12 weeks. The employee has worked for the company for 2 years‚ which fulfills the requirement of 1 year. The employee must always be allowed to return to work at their same pay rate and job level; otherwise‚ it is a violation of the act. In this case‚ he did return to work at the same level with the same pay. The employee is granted benefits during
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EGT1 – Economics and Global Business Applications Task 2 Elasticity of demand is a measure of responsiveness to a price change of a good or service. When demand is elastic‚ the percentage of a price change of a product will result in a larger percentage of quantity demanded (McConnell‚ p 77). It basically means reducing the price of a good service will result in a greater quantity demanded and an increase in revenue for the seller. When demand is inelastic‚ a change in price will result in
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Stephan Everingham EGT1 Task 4 In a time of global commerce‚ new business ventures can take on many forms. What used to be local or even national companies have become world-wide. International growth of a business can be extremely beneficial but is not without its challenges. Different countries have different peoples and different cultures - different ways of doing business altogether. If a venture is to be successful‚ these differences must be well understood. Let us consider China
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Good Thing for Foreign Business? Retrieved from China Law Blog: HKTDC Research. (2014‚ 09 18). China ’s Toy Market. Retrieved from HKTDC Research: http://chinatrade-research.hktdc.com/business-news/article/China-Consumer-Market/China-s-toymarket/ccm/en/1/1X000000/1X002MRF.htm KaiWen Mah‚ R. (2012‚ 11 23). Cultural Differences Between America and China. Retrieved from World-Class Business Etiquette: http://www.etiquetteoutreach.com/blog_new-york-etiquetteguide/bid/92662/Cultural-Differences-Between-America-and-China
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EGT1 Task 1 Bachelor of Science‚ Business Management Student ID: Mentor: The scope of this paper is to define how firms maximizing their profit and identify what their ideal output levels should be and how profit maximizing businesses often react to marginal revenue of varying levels. The definition of Marginal revenue is the extra revenue that will be made when one additional unit of any given product is sold
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309.1.2 Supply and Demand 1) Discuss elasticity of demand as it pertains to elastic‚ unit‚ and inelastic demand. a) Elasticity of demand are circumstance at which a good or service varies according to prices. These circumstances measures consumers reaction and how they respond to the changes in price by changing the quantity demanded. (PE-of-D = (% Change in Quantity Demanded/% Change in Price)) – When the price for a number of units decreases from positive units pre-dollars to negative
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Anthony J. La Salata BS‚ Business Management 3/1/2012 Student I.D. #000254042 My Mentor: Nicole Sandburg Cell# 1(360)941-4062 Arlington‚ WA –PST A. Summarize the four major pieces of legislation collectively known as the Antitrust Laws. United States antitrust law is a collection of federal and state government laws‚ which regulates the conduct and organization of business corporations‚ generally to promote fair competition for the benefit of consumers. The main statute was the Sherman
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A: Marginal revenue is the change made in total revenue a company makes caused by an additional item being produced. This is calculated by figuring the difference between the revenue produced both before and after a single unit increase in the production rate. If the price of a product is constant‚ the marginal revenue and price are the same. Sometimes an additional item will only sell if the price goes down and that leads to the consideration of marginal cost or the cost of producing one more
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A. Cross-Cultural Differences Company X is considering expanding its business to China. However‚ prior to moving into a new and foreign market‚ Company X must understand the various cross cultural differences that are relevant to properly conducting business in China. By being more sensitive to and understanding the cross-cultural differences‚ Company X’s transition into the new market should be less challenging and improve its chances of acceptance. Language‚ work ethic and material culture
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EGT1: Task 1 A) 1. When determining how much of a profit a company will make‚ one has to look at a few deciding factors. Two of those are total revenue and total cost. Total revenue is the sum of a company’s sales of a particular product. Total cost is how much a company pays for production which includes fixed and variable costs. After total cost is deducted from the total revenue‚ the money left over is a profit. The goal of most is to maximize profits the best way possible. Total revenue
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