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Felix Santos, Carlos Garcia, and Jose A. Valdes Prieto were stock persons for Cuba Tropical, Inc., a supermarket supplier. They regularly worked over 40 hours per week, but they were not paid overtime. They brought suit to recover their overtime pay against Cuba Tropical as well as Jose L. Rodriguez, a co-owner of Cuba Tropical. Mr. Rodriguez has no control over the hiring and firing of employers, does not establish their working hours, and did not visit the warehouse where the three employees worked. He hired managers for the business and had them handle the day-to-day operations. He was required to sign certain documents for the corporation, but he did not sign any checks personally. Can Mr. Rodriguez be held personally liable for the overtime wages that are due to the three men?
Explain what the reserve ratio is and provide an example demonstrating its effect on lending in the banking sector. (3 marks) b) With reference to question 6a) explain the concept of the money multiplier.
Explain two elastic and inelastic goods that you have recently purchased/not purchased when the price increased of those products. Please relate your answer to the market characteristics.
How to do Empirical Investigation part of my project. My project as on Volkswagen company and this stage is the last stage. While in this stage my professors want to do empirical study which should include the following things. Can anyone help me or ..
What are your thoughts about the role of international institutions ( WTO, IMF and World Bank) on providing order and reducing uncertainty in the global economy?
An electrical energy audit indicates that the motor control center consumption is 8*10^6 kWh per year. By using high-efficiency motors a savings of 15 percent can be achieved. The additional cost for these motors is about $80,000. Assume a 20-year li..
Conforming is changing one's beliefs, accepting both the goals and the means of society. What if conformity does not work? What if some individuals who work hard all their life and still aren't be able to achieve wealth?
A petroleum engineer estimates that the present production of 400,000 barrels of oil during this year from a group of 10 wells will decrease at the rate of 15% per year for years 2 through 10. Oil is estimated to be worth $25 per barrel. If the inter..
You've just won the state lottery and will receive 20 annual payments of $70,000, with the first payment arriving 1 year from today. It is easy for you to borrow or lend on the capital market at an interest rate of 8% per year. If someone offered to ..
Given that labor is a resource that needs to be used efficiently, what responsibility do you feel the government has in decreasing unemployment? Does the negative relationship between inflation and unemployment have any impact on your decision? Pleas..
Evaluate the distribution of income in the United States and issues relative to inequality. Describe and explain a monopolist’s output decision.
Abraham Maslow developed a hierarchy of human needs to describe the order of importance of various motivations. According to Maslow, physiological needs take priority over all other needs. Do you agree with Maslow? Why or why not?
Suppose that an increase in crime (O) also results in a per unit amount of social damage equal to d(d>0).
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