Answer:
E) Bright: No dominant strategy, Sparkle: Strategy 1
Explanation:
The payoff matrix above shows the profits associated with the strategic decisions of two oligopoly firms, Bright Company and Sparkle Company. The first entries in each cell show the profits to Bright and the second the profits to Sparkle. What are the dominant strategies for Bright and Sparkle, respectively?
Bright: No dominant strategy, Sparkle: Strategy 1
Answer:
<u>A mid-level manager will get $5251.2 salary.</u>
Explanation:
Control Point = 1544 + 4.72 x Hay Point
=1544 + 4.72 x 600
= $ 4376 which is the mid-point of salary range in the market.
120% compa ratio means the actual salary given out is (120/100) times the market mid-point
Hence,
Actual Salary = ( 120 / 100 ) x 4376
= $ 5251.2
Answer: A) Remainderman
Explanation:
A Remainderman may sound like something from a horror movie but it is a property law term that refers to a person that is billed to take over or inherit an estate after the LIFE ESTATE of the previous owner is terminated.
Life Estate is an agreement where a person owns a property or asset for the duration of their life but as soon as they pass on, the asset or property reverts back to the original owner of a THIRD party.
The Remainderman is the person who the property reverts to.
In the above scenario therefore, the woman is in possession of a Life Estate but the Stepson is the Remainderman.
A business plan would help small business owners to know how to operate the business, achieve goals and what activities need to be conducted in case they missed anything out. It helps a business to plan out and conduct business operations.
<span>The answer to your question is
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Backward induction is a process of decision making where you reason backward of the situation.
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Hope this helped!</span>
