Homework #2 – Solutions 1. Union A wants to represent workers in a firm that would hire 20‚000 workers if the wage rate is $12 and would hire 10‚000 workers if the wage rate is $15. Union B wants to represent workers in a firm that would hire 30‚000 workers if the wage is $20 and would hire 33‚000 workers if the wage is $15. Which union is likely to organize? The union will be more likely to attract the workers’ support when the elasticity of labor demand (in absolute value) is small. The elasticity
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Case 2.5Alumina Jumps on Bad News 1.Alumina reported an 86.3 per cent fall in first half-year profit‚ and suspended its final dividend. Why did its share price rise by 9.79 per cent on the announcement date? Although the situation in Alumina was extraordinarily difficult‚ Alumina firmly believed that the worst reason behind them is the impact of the global crisis‚ and Alumina were quietly confident that market will begin to improve. In between last November and April‚ Aluminium prices had since rebounded
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Rappler’s case that led for the SEC to revoke its registration as a corporation pointed to‚ according to SEC‚ its violation on the rules on foreign investment in media companies in the Philippines. Under the 1987 Constitution and various Philippine laws‚ a media company must be owned and controlled 100% by Filipinos. If a Philippine media company has foreign investor control of more than 0% of the company‚ then the media company disobey the law related to control restrictions. The case of Rappler
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For the exclusive use of J. Dababneh‚ 2015. 9 -2 1 1 -0 2 5 REV: MARCH 29‚ 2012 DANIEL BERGSTRESSER LAUREN COHEN RANDOLPH COHEN CHRISTOPHER MALLOY AQR’s Momentum Funds (A) In early 2009‚ after significant research and reflection‚ Cliff Asness‚ founder and principal at AQR‚ was considering the launch of three new retail mutual funds that would offer investors exposure to ‘Momentum‚’ a new investment style. While momentum strategies were commonplace among hedge funds‚ the new AQR funds would become
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Introduction Mr. Carl Robins‚ who is a new campus recruiter for ABC‚ Inc.‚ fell short on planning and execution of the new employee orientation. His lack of planning and execution could imply that either Carl is not fully qualified‚ or ABC‚ Inc. does not have a very solid mentoring program. Being a new employee of only six months‚ Carl’s supervisor/manager should have been monitoring Carl’s planning of the new employee’s orientation and offer assistance if needed. Background In early April‚
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CHAPTER CASE 2.2: Pete`s p.74 Case Notes: 1. What interactions and discussion need to take place among the marketing‚ manufacturing‚ logistics‚ and finance departments? Explain the logistics department`s role in the introduction of the new product. The functional areas of marketing‚ logistics‚ manufacturing and finance should hold weekly sales and operations planning (S&OP) meetings to address the following: Identify firm planned orders which may be delayed to the customer. Notify key account managers
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40% projected increase in water consumption by 2025‚ 1/3 of world population affected by water shortage → in Canada‚ more than $2 billion in sales → largest consumers – municipalities‚ both products and services → significant portion of market – industrial Competition: → dominated by 2 large mutli-national companies ( Siemens water tech and Zenon membrane solutions) → competition targeted large users of filtration systems (corporation and municipalities) requiring over 1 million litres/day
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Department of Economics University of Toronto Prof. Gustavo Indart February 18‚ 2011 SOLUTIONS ECO 100Y INTRODUCTION TO ECONOMICS Midterm Test # 3 LAST NAME FIRST NAME STUDENT NUMBER INSTRUCTIONS: 1. 2. 3. The total time for this test is 1 hour and 50 minutes. Aids allowed: a simple calculator. Write with pen instead of pencil. DO NOT WRITE IN THIS SPACE Part I 1. /10 2. /10 3. /15 4. /15 Part II /30 TOTAL /80 Page 1 of 12 PART I (50 marks) Instructions: Answer all four
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Dimitri Sakellarides Case 18 Draft Bob Prescott‚ the comptroller for the Blue Ridge Mill‚ was weighing the pros and cons of adding a new-on site longwood woodyard. Two primary benefits for this new addition include eliminating the need to purchase shortwood from an outside supplier and creating an opportunity to sell shortwood on the open market. Also‚ the new woodward would reduce operating costs and increase revenues. Blue Ridge Mill currently purchases shortwood from the Shenandoah Mill‚ which
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The keys to the company’s future value and growth are profitability (ROE) and the reinvestment of retained earnings. Retained earnings are determined by dividend payout. The spreadsheet sets ROE at 15% for the five years from 2006 to 2010. If Reeby Sports will lose its competitive edge by 2011‚ then it cannot continue earning more than its 10% cost of capital. Therefore ROE is reduced to 10% starting in 2011. The payout ratio is set at .30 from 2006 onwards. Notice that the long-term growth rate
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