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The following quote is based on statements made by quality expert W. Edwards Deming:
"If by bad management the components of a company become competitive, the system is destroyed.....A common example lies in the practice of ranking people, divisions, teams, comparing them, with reward at the top and punishment at the bottom. Jobs and salaries are based on comparisons. Teams naturally become competitive; divisions become competitive. Each tries to outdo the other in some competitive measure. The result is higher costs, battle of market share. Everybody loses."
Do you agree with Deming that performance evaluation based on comparative rankings always reduces company value?
Illustrate what is the maximum price of capital at which the firm will still make nonnegative profits.
Original owners must sell their used cars. Original owners know what their cars are worth, but buyers can't determine a cars quality until they buy it.
The United States is experiencing a recession and Congress decides to adopt an expansionary fiscal policy to stimulate the economy.
The firm has monthly cash expenses of $180.what is the projected ending cash balance at the end of February.
Compute the percentage change in nominal GDP, real GDP also the GDP deflator.
Draw the indifference curves that represent the following individual's preferences for peanut butter and jelly. Indicate the direction in which the individuals' utility is rising.
Explain is it possible for the new long-run equilibrium price to be above the original long-run equliibrium price.
Write down an explanation for an interrogatory senator outlining how your expansionary acts would operate and what would be the effects on the economy.
How might you construct a measure of the change in the price level. Illustrate what additional information might you need to construct your measure.
Illustrate what percentage of G1 can be mixed with G2 and still satisfy the customers. Elucidate the resulting paint cost per gallon.
China has continued to lag well behind the rest of the world in information technologies
Compute Opulenzas current account. Is CA a deficit or a surplus. Explain intuition for C4 deficit/ surplus in terms of savings in Opulenza, financial flows and its domestic/external wealth position.
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