Power imbalance that exists in employment relationships

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1. Many employment related statutes and regulations exist in an attempt to protect the employee from the power imbalance that exists in employment relationships. Do you think that the laws actually protect employees? Do you think that employees are protected too much or not enough?

2. A furniture manufacturer uses 800 gallons of glue per month, which it buys at a price of $10 per gallon. Carrying cost per gallon per year is 35% of the per-gallon purchase price, and it costs $28 to place an order for glue. Right now the manufacturer places an order for glue every month.

If the manufacturer used the EOQ, how much would it save each year? (Round intermediate calculations and final answer to 2 decimal places, but do not type the dollar sign,)

Reference no: EM132249562

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