Gross earnings is your total income earned without the deductions in place.
Net pay on the other hand is your total income plus tax deduction.
The factors that led Darden to take its current approach to employees development and advancement include the following:
1. Darden sees employees as very vital resources which can give a company a real competitive advantage.
2. The company promote employee inputs, appreciate their efforts and make it possible for workers to work their ways from the bottom of the ladder to the managerial positions.
Answer:
It is difficult to estimate the marginal social benefits of supplying a public good.
Explanation:
A public good will always be beneficial to the society. However, the exact <u>social benefits</u> it brings cannot be exactly (quantitatively) measured. The costs behind the creation of such a good can be measured (e.g. How much of funding is needed to build a hospital in a village?).
On the other hand, the marginal social benefit for each unit of resources invested cannot be identified (e.g. How many people would benefit for a million dollars invested?).
Answer:
Sole ownership will be the best for the coffees business
Explanation:
This is because opening a coffee shop comes with the individual usually having a very great deal of passion for it. The recipes for the coffee would also be best suited to a person who prepares it in his/her unique way.
The coffee shops mostly comes with a reasonably average degree of profitability and lower risks due to a low degree of wastage or spoilage and it being very easy to make so it’s best owned by a single person to cut cost and avoid profit sharing .
Answer:
Three reason why GM build cars in China:
China has lower labor costs. This is the main reason, a Chinese worker earns a lot less than an American worker, and this results in a substantial cost reduction for GM.
China has important economies of scale. The United States also has important economies of scale, but China may have the edge in some economic sectors.
Finally, the third reason is that China has very good infrastructure like trains, roads, and ports, and this facilitates the logistics for GM.
If the president wants GM to move production back in the US, GM could demand better infrastructure (labor costs cannot be lowered, and the economies of scale are already there), and perhaps other complementary incentives like corporate tax reductions, or even subsidies.
