Answer:
The cyclical indicator is extensively used as a business cycle analysis tool, employs a series of variables which tend to anticipate, coincide with or lag behind the movements of economic activity to indicate the phases of the business cycle.
Explanation:
Answer:
The IRS requires employers to report wage and salary information for employees on Form W-2. Your W-2 also reports the amount of federal, state and other taxes withheld from your paycheck. As an employee, the information on your W-2 is extremely important when preparing your tax return.
Answer:
Hyundai:Rising Sales, Falling Quality?
1) The author of this editorial suggest that:
a. rapid expansion gets in the way of quality control
2. The criticisms responsible for the problems Hyundai encountered with its steering system are:
b. Workers may be asked to make suggestions for improvement, but their suggestions may not be implemented.
c. Implementing total quality management may consume resources that would otherwise be directed toward production of goods and services.
d. Benchmarking best practices in other organizations may reduce true innovation,
Explanation:
Total quality management is a management approach in which all the members of the organization actively participate in improving processes, products, services, and the organizational culture in order to achieve long-term organizational success through customer satisfaction. Benchmarking helps an organization to improve the quality of its products and services and its overall business performance.
Answer:
Explanation:
To maximize profit, you would charge $8 for an adult's ticket and $4 for a child?s ticket. Total profit in this case would be $800.
The city council passes a law prohibiting you from charging different prices to different customers.
Now you set a price of $8 for all tickets, resulting in $600 in profit.
Indicate whether each of the following groups of people is better off, worse off, or the same because of the law prohibiting price discrimination.
Groups of People Better Off Worse Off Unchanged
Adults x
Children x
You, the Producer x
Suppose the fixed cost of the play were $2,600 rather than $2,000.
Complete the following sentences indicating how this would change your answers to the previous parts.
In the presence of price discrimination, the adult price of a ticket would remain the same, and the child price would remain the same. Total profit would fall to $200.
If price discrimination were banned and the monopolist continued to produce the play no matter what the profit, the price of a ticket would remain the same, and total profit would fall to $0.
