Briefly summarize lump-sum awards and ESOPs.
What will be an ideal response?
Lump-Sum Awards: Lump-sum awards are one-time cash payments to employees that are not added to an employee's base wages. These awards are typically given in lieu of merit increases, which are more costly to the employer. This higher cost results both because merit increases are added on to base wages and because several employee benefits are figured as a percentage of base wages. Lump-sum payments are a reality of union contracts. For the past 10 years, a stable one-third of all major collective bargaining agreements in the private sector have contained a provision for lump-sum payouts.
Employee Stock Ownership Plans (ESOPs): An alternative strategy for organizations hurt by intense competition is to control base wages in exchange for giving employees part ownership in the company.
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Humor causes consumers to watch, laugh, and, most important:
A) make a purchase B) tell their friends C) remember D) tune out other messages
A company must repay the bank a single payment of $35,000 cash in 3 years for a loan it entered into. The loan is at 6% interest compounded annually. The present value of 1 (single sum) at 6% for 3 years is 0.8396. The present value of an annuity (series of payments) at 6% for 3 years is 2.6730. The present value of the loan (rounded) is:
A. $49,345. B. $29,386. C. $93,555. D. $13,094. E. $35,000.
In crafting a company's strategy, managers
A. are wise not to decide on concrete courses of action in order to preserve maximum strategic flexibility. B. face the biggest challenge of how closely to replicate strategies of successful companies in the industry. C. are well-advised to be risk-averse and develop a "conservative" strategy-"dare-to-be-different" strategies are rarely successful. D. have comparatively little freedom in choosing the "hows" of strategy. E. need to come up with a sustainable competitive advantage that draws in customers and produces a competitive edge over rivals.
Martin is a security guard in a clothing store. He suspects Emma, a customer, of shoplifting. He locks Emma in a room and does not allow her to leave the store until he has searched through her belongings and interrogated all the witnesses
If Emma is entirely innocent of any wrongdoing, and assuming that the state in which this occurred does not recognize the shopkeepers' privilege, which of the following torts has Martin committed? A) trespass to realty B) conversion C) false imprisonment D) disparagement