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(a) What is Taylorism? When should firms adopt Taylorist techniques? When should they adopt continuous improvement techniques? What types of workers should a firm recruit when it takes more of a Tayloristic approach? A continuous improvement approach?
(b) What are examples of organizations that have extreme pressures for use of specific dispersed knowledge, coordination, or low error rates? What methods have they used to solve these organizational problems?
(c) Some firms use 360-degree evaluations. Under this system, the firm asks a manager's subordinates, colleagues, and customers for feedback on the manager's performance. What advantages do you see to such a system? Do you see any disadvantages? What other policies might make such an approach less prone to the problems that you see? What kind of culture would be necessary for such appraisals to work?
What responsibility do we have as a society to help the elderly and disabled? What potential changes could the federal government enact to help the viability of both programs? How can the Social Security program be fixed to ensure a viable future for..
Assume that each musician could be earning $200 per gig if s/he would become a "portable disc-jockey". If the band produces 8 gigs, what is its economic profit?
Compare salvage values of $400K and $0 after a life of 30 years. Use straight-line depreciation, an interest rate of 10%, and a tax rate of 40%.
You read in a newspaper article that GDP grew by 5% last quarter, but another article states that the economy grew by 3.4% over the same time period.
When the actual Lorenz curve is as far away from the 45-degree line as possible, there is. One way to reduce the degree of income inequality is to. The Gini coefficients for countries A and B are 0.25 and 0.30, respectively. We can definitely conclud..
If deficit spending "crowds out" some private investment, could future generations be worse off? If external financing eliminates crowding out, are future generations thereby protected?
Microeconomics is considered to be the study of scarce resources (Perloff, 2007). Here, consumers (both individuals and organizations) must make allocation decisions.
Illustrate what kind of gap-inflationary or recessionary-will the economy face after the shock.
Explain the difference between real and nominal GDP. Does GDP accurately reflect our nation's productivity? Why or why not?
A college sorority is trying to decide which of two competing pizza chains to select for a sole-source pizza contract over the next five years.
Determine the industry supply curve when P > $350. To check your answer, calculate quantity at an industry price of $375 and compare your result with part B.
As we are dealing with the new CYBER ATTACK, affecting hospitals and some mail agencies around the world.
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