How do union membership percentages differ in the public and private sectors?

What will be an ideal response?


35.9% of public sector employees belonged to unions, contrasted with 7.5% of private employees.

Business

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Why are companies often eager to form joint ventures?

What will be an ideal response?

Business

Maintaining equipment in the reprographics center is an effective means of helping control the costs of the operation

Indicate whether the statement is true or false.

Business

ABC, Inc., is a small clothing manufacturer that produces shirts and pants using two resources: sewing machine hours and cutting machine hours. The production manager can schedule up to 240 hours of sewing machine time and up to 150 hour cutting machine time. Production of one shirt requires 3 hours of sewing time and 1 hour of cutting time. Each pair of pants requires 2 hours of sewing time and 1.5 hours of cutting time. Each shirt yields a profit of $5, and each pair of pants generates a $6 profit. The objective is to maximize profits. Let X1 = Number of shirts to be produced, X2 = Number of pairs of pants to be produced. Which one of the following corner point (x1, x2) yields the maximum profit in this LP formulation?

a. (24,84) b. (80,100) c. (84,24) d. (80,0)

Business

Explain what happened in the 1968 Supreme Court's re-interpretation of the First Amendment to the U.S. Constitution regarding public employees' limited speech protections

Business