The components of a well-run incentive compensation scheme include all of the following EXCEPT
a. evaluating the identified performance measures
b. demonstrating that supervisors are friendly outside of the work environment
c. rewarding workers who for meet performance measures
d. identifying the relevant measures on which to evaluate employees
b
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Which of the following demonstrates the law of demand?
a. After Jon got a raise at work, he bought more pretzels at $1.50 per pretzel than he did before his raise. b. Melissa buys fewer muffins at $0.75 per muffin than at $1 per muffin, other things equal. c. Dave buys more donuts at $0.25 per donut than at $0.50 per donut, other things equal. d. Kendra buys fewer Snickers at $0.60 per Snickers after the price of Milky Ways falls to $0.50 per Milky Way.
Last year Christine worked as a consultant. She hired an administrative assistant for $15,000 per year and rented office space (utilities included) for $3,000 per month. Her total revenue for the year was $100,000. If Christine hadn't worked as a consultant, she would have worked at a real estate firm earning $40,000 a year. For Christine to earn a normal profit as a consultant, her accounting profit would have to be ________.
A. $51,000 B. $0 C. $9,000 D. $40,000
The national debt
A) is the sum of all past federal deficits plus any surpluses. B) grows when the government runs a deficit. C) grows when government spending increases. D) is a major problem facing the U.S. government.
Figure 9.6 represents the market for health insurance. Suppose there are two types of consumers, low-cost consumers with $2,000 average medical expenses per year, and high-cost customers with $4,000 average medical expenses per year. If $Y is the price the insurance company would charge if it expected 40% of its customers to be high-cost, the price it would charge if it expected 50% of its customers to be high-cost would be:
A. greater than $Y. B. less than $Y. C. equal to $Y. D. 50% of $Y.