Always Round Tire tries to base its promotions on seniority (where education and training requirements are not necessary). The company finds that this system seems to work most of the time with shop-floor supervisors and team managers. However, the system breaks down for higher-level positions. Why?
What will be an ideal response?
Promotion opportunities are few for higher-level positions. So promotions may not act as a strong performance incentive. Instead, pay-for-performance systems are often used in upper-level positions to motivate managers.
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Between 1860 and 1910, output in manufacturing, mining, and railroad freight hauling
a. expanded more rapidly than the labor force in these sectors. b. grew at about the same rate as the labor force in these sectors. c. grew more slowly than the labor force in these sectors. d. expanded, while the labor force in these sectors declined.
Continued inflation occurs
A) if there is a sustained increase in the price level. B) only if there is a sustained increase in the price of every good and service. C) only if there is a sustained increase in the price of every good and service by the same dollar amount. D) only if there is a sustained increase in the price of every good and service by the same percentage.
Which of the following tools is used to test multiple linear restrictions?
A. t test B. z test C. F test D. Unit root test
Which of the following statements about the provision of public goods is true?
A. The optimal level of a public good occurs when all taxpayers receive some of the good. B. If the marginal benefit of a public good exceeds its marginal cost, more should be provided. C. The total benefit of a public good should equal its total cost. D. The government should always provide public goods.