The two significant issues regarding the ceo pay debate are -
a) the relationship between firm performance and CEO pay
b) the size of the CEO compensation in relation to average employee pay
Chief Executive Officers (CEOs) often receive large sums of money in the form of salaries and bonuses from commercial companies. This is sometimes defended by a peer-to-peer argument; roughly "our" CEO will be paid what other CEOs of comparable companies receive.
On the face of it, this seems like a bad excuse for morally outrageous compensation schemes, and thus this argument has been overlooked in the philosophical literature in the past. In contrast, however, this article provides a defense of the peer-to-peer argument. In addition, it is shown how rigorous examination of this argument sheds light on incentive-based and desert-based theories of fair wages.
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Answer:
joint
Explanation:
Based on the information provided within the question it can be said that such business products are characterized as having joint demand. This type of demand refers to when two or more goods or services are usually bought or demanded together by customers, since they complement each other. Such as cars and petrol, or in this case cars and tires.
Here is the completed table:
Labor Total Product Marginal Product Average Product
0 0 N / A N / A
1 10 10 10
2 25 15 12.50
3 45 20 15
4 63 18 15.75
5 75 12 15
6 80 5 13.3
7 80 0 13.3
8 68 - 12 8.50
<h3>How to determine the total product, marginal product and average product?</h3>
The total product is determined by multiplying the average product by the number of labor. Total product of a labor can also be determined by adding the marginal product of that labor with the total product of the preceding total labor.
Blank 1 : 10 x 1 = 10
Blank 5: 25 + 20 = 45
Blank 7: 15.75 x 4 = 63
Blank 9: 63 + 12 = 75
Blank 13: 80 + 0 = 80
Blank 15: 8.50 x 8 = 68
Marginal product is the change in total product when labor is increased by 1.
Blank 2 : 10 - 0 = 10
Blank 3 : 25 - 10 = 15
Blank 8: 63 - 45 = 18
Blank 11: 80 - 75 = 5
Blank 16: 68 - 80 = - 12
Average product is the total labor divided by the total labor.
Blank 4: 25 / 2 = 12.50
Blank 6: 45 / 3 = 15
Blank 10: 75 / 5 = 12
Blank 12: 80 / 6 = 13.33
Blank 14 : 68 / 8 = 8.50
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Answer:
The percentage decrease in utilization is 83.33%
Explanation:
According to the data, we have the following:
Coefficient of variance, m = 3
Arrival rate, ra = 45 per hour
Service rate, re = 18 per hour per lane
Therefore, in order to calculate the percentage decrease in utilization when one more checkout lane is added to the system, we have to use the following formula:
So, percentage decrease in utilization = ra / (m.re)
= 45 / (3*18) = 0.833
The percentage decrease in utilization is 83.33%
Answer:
The correct answer is letter "A": current perspective.
Explanation:
Management Accounting is internally-based accounting that helps managers <em>measure the results of their current and future decisions</em>. This is in contrast to financial accounting which emphasizes more general, higher-level financial results of the company. One common managerial accounting tool is determining the profit margin of each of the company's products.