Answered: Ch. 11. Which type of fairness is… | bartleby

Understanding Business

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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57

Ch. 11. Which type of fairness is addressed when an employee did not believe that the raise they
received was fair because it was too small for the level of their performance they exhibited over the
last year?
O a. Procedural justice
O b. Interactional justice
O c. Distributive justice
O d. All of these
Time left 1:12:30
Clear my choice
Ch. 13 Which of the following statements is true regarding the current state of employee benefits?
O a. Most employers have done an excellent job and most employees have a thorough
understanding of what benefits they have and what the market value of these benefits is.
O b. Overall, United States employers have cut down on the relative value of employee benefits
compared to total compensation over time.
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Bill Lewis, manager of the Thomas Electronics Division, called a meeting with his controller, Brindon Peterson, and his marketing manager, Patty Fritz. The following is a transcript of the conversation that took place during the meeting: Bill: Brindon, the variable costing system that you developed has proved to be a big plus for our division. Our success in winning bids has increased, and as a result our revenues have increased by 25%. However, if we intend to meet this year’s profit targets, we are going to need something extra—am I right, Patty? Patty: Absolutely. While we have been able to win more bids, we still are losing too many, particularly to our major competitor, Kilborn Electronics. If we knew more about their bidding strategy, we could be more successful at competing with them. Brindon: Would knowing their variable costs help? Patty: Certainly. It would give me their minimum price. With that knowledge, I’m sure that we could find a way to beat them on several jobs,…
16
Question 1: Should the marketing budget be maintained or increased during a recession or economic downturn? During a recession, the immediate desire of many companies is often to simply cut costs. The marketing department can be selected for this cut and in some cases is the first area cut. One could argue that the marketing spend is the one spend or investment in a company which should be maintained or even increased during a recession or economic downturn. Take a position: Marketing spend should be maintained or increased during a recession or economic downturn versus Marketing spend should be cut along with all the other spending in the organisation.
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Question 14

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