An incentive compensation scheme includes
a. a performance evaluation system
b. a disciplinary action committee
c. a reward system linked to performance
d. Both A&C
d
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Use the equation Qd = 5,000 - 15P + 50A + 3Px - 4I, (2,117 ) (2.7 ) (15 ) (2 ) (3 )
where Qd = Quantity Demanded, P = Good Price, A = Advertising Expenditures, Px = Price of a Competitive Good, A = Advertising Expenditures, I = Average Monthly Income, and the Standard Errors of the Regression Coefficients are shown in Parentheses. Calculate the t-statistics for each variable and explain what inferences can be drawn from them. If R2 of this equation is 0.25, what inference can be drawn from it?
Which of the following expressions must be equal to national saving for a closed economy?
a. Y - I - G - NX b. Y - C - G c. Y - I - C d. G + C - Y
Most people in LDCs earn their living as _____.
Fill in the blank(s) with the appropriate word(s).
You spend $300 every month to keep your lawn and garden maintained. Your neighbor has told you that she derives $50 a month in enjoyment from being able to look at your beautiful yard. Which of the following is true?
A. If you took into consideration the benefits your neighbor derived, the efficient level of lawn maintenance would be greater than $300 a month. B. You should refuse to spend anything on your yard unless your neighbor pays you $50 a month. C. You are spending too much on your yard, because your neighbor derives only $50 worth of benefits. D. If you took into consideration the benefits your neighbor derived, the efficient level of lawn maintenance would be less than $300 a month.