Compassion is a new orphanage in the Philippines. Assume this will be the only orphanage in the country. In their nationallegislature, one of the decisions facing the government is whether to contract the orphanage to private control or give it publicownership, headed by a board of directors.Suppose that the government's top priority is to minimize the cost associated with the orphanage. Which option isconsistent with this goal?Put the orphanage under private control; money that is unused from the orphanage would be given to charity.Put the orphanage under private control; the controlling party would cut costs to maximize their profit.Put the orphanage under public control; the board of directors would cut costs to maximize profit.Put the orphanage under public control; money which is unused will be able to be put back into the public coffers.Suppose that the government's top priority is instead to maximize the quality of the orphanage and to make sure that the orphanswill have three healthy meals a day, opportunities to learn, and a sanitary place to live.Which option should they choose? Assume that reductions in quality lower costs.They should choose private control.They can choose either; it will not matter.They should choose public control.They should choose neither. Imagine a company called Teddy Wonders that produces hand-made teddy bears. Each worker is supplied with the materials fora teddy bear and makes an entire teddy bear individually.Workers are currently paid by the number of teddy bears they produce.Which term refers to a system in which the number of teddy bears produced determines a worker's pay?piece rate payannual salaryhourly wagestournament pay

According to our guidelines, only the first question has been answered for you; in case you want to…

Answered: Compassion is a new orphanage in the…

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

See similar textbooks

Similar questions

2. The US apparel company VF is buying the fashion brand Supreme for $2.1 billion. Supreme's current investors, The Carlyle Group and Goode Partners, are selling their stakes, VF said. The New York City-based Supreme has worked with VF in the past, and it has collaborated with the VF-owned brands Vans, The North Face, and Timberland. The companies expect the deal to be completed in late 2020. VF expects Supreme to contribute at least $500 million of revenue in the 2022 fiscal year, it said. It would make an additional payment of up to $300 million, subject to certain milestones being met after the deal, it said. Supreme and VF already have similar customer bases, VF said in a press release. The deal also means the streetwear brand Supreme can access VF's global supply chain, international platforms, digital functions, and consumer knowledge, it said. Explain and give relevant examples of strategies of forward integration, backward integration, and horizontal integration for a company…
Uppppppp
Cachora Dynamics Corp (CDC) has designed a new integrated circuit that will allow it to enter, if it wishes, the microcomputer field. Otherwise, it can sell its rights for $15 million. If it chooses to build computers, the profitability of this project depends on the company's ability to market them during the first year. Two levels of sales are foreseen as two possible outcomes: selling 10,000 computers in case of low demand, but if it is successful it can sell up to 100,000 units (high demand). The cost of installing the production line is $6 million. The difference between the selling price and the variable cost of each computer is $600. a) Develop a formulation for decision analysis and use the non-probabilistic decision rules: Maximin and Minimax. b) Assume that the probability of high demand (p) is 50% and for low demand (1 - p) is 50%, apply the probabilistic criteria: Maximum expected value, Minimum loss of opportunity. c) Determine the VEIP. d) Carry out a sensitivity…
Deep Blue Seaways currently outsources all its IT works to a number of leading consultancies.Your firm, SFS, have just won a £3 million contract from DBS that will require you the Project Manager to execute. You are pretty certain from your experience with Deep Blue Seaways that this project is seriously underfunded by possibly as much as £1 million. You are to replace their outdated finance systems with your company’s renowned Finance Wizard product, a system that processes all financial information, and produces an infinite array of management information reports that have been proved to improve strategic decision making in existing user companies by significant margins. Deep Blue Seaways comprises of an Head Office and 4 divisions. From your previous dealings with this company you know that the Finance Heads of each Division are not renowned for their co-operative approach with each other. In addition, the project that you have won will result in major changes (in terms of work…
One of the discussed intervention tools is called: "price ceiling". This is a maximum price that a producer can legally charge for the good. The state of Israel uses this tool to restrict the price of bread. What was the logic behind creating a price ceiling for bread? What could be the negative effects of using a price ceiling on bread?
Assume that a national restaurant chain called BBQ builds 10 new restaurants at a cost of $1 million per restaurant. It outfits each restaurant with an additional $300,000 of equipment and furnishings. To help partially defray the cost of this expansion, BBQ issues and sells 200,000 shares of stock at $35 per share. Instructions: Enter your answers rounded to 1 decimal place. a. What is the amount of economic investment that has resulted from BBQ's actions? $ million b. How much purely financial investment took place? 2$ million
In the present economic climate, Aubree ought to incorporate the subsequent three essential prerequisites within its loan offerings for Small Medium Enterprises (SMEs): 1. Adaptable Payment Conditions: Providing SMEs with flexible repayment alternatives can be vital due to the uncertainties and swings in the market. Possible features could encompass flexible payment schedules contingent on cash flow, periods of leniency during challenging economic circumstances, or opportunities for early payback without incurring penalties. The ability to adapt and change can assist small and medium-sized enterprises (SMEs) in efficiently handling their financial matters and decreasing the likelihood of failure to meet financial obligations. 2. Competitive Interest Rates: by offering a favorable and advantageous rate compared to other options in the market to attract and assist small and medium-sized enterprises (SMEs), Aubree should provide interest rates that are competitive, align with…
Which of the following statement is TRUE about the design of TRIPS agreement? S1: eliminate China from all intellectual property arrangement. S2: administer a much firmer execution of intellectual property regulations. S3: when a product causes harm, death, or damage, hold the company and its executives accountable. S4: traded software and documented property should be supported in developed market
Discuss the following methods of financing conservation: conservation trust funds, debt-for-nature swap, and biodiversity offsets.
Case: Cash is Good, Card is Bad Arlow’s is a small retail store located in a major Midwestern city. Because of its reputation, Arlow’s has been able to attract highly competent professional sales help. All sales clerks are salaried, non-exempt employees who are well paid, but who do not receive commissions.Recently sales have flattened out because of slower economic conditions. Thinking that maybe an extra incentive will help Arlow’s through the economic dip, the store manager decided to institute a 2% commission on cash sales only. Because of the 4% service charge made by credit charge card plans on all charge sales, Arlow’s manager felt that this incentive plan would appeal to the sales clerks and be advantageous to the firm.The manager was right—to right in fact. Some of the sales clerks have become so enthusiastic about getting their 2% that they are being very pushy and insulting to customers who refuse to pay cash and try to use a bank charge card. Consequently, the manager has…
Mary is trying to qualify for a home loan but her lender tells her that her debt-to-income ratio is too high for FHA standards. What can Mary do to qualify for an FHA loan? О Transfer some of her existing debt to one or more credit cards. О Take out an equity line of credit to pay for the down payment. О Pay off one or more of her existing loans, such as a car loan or credit card debt. Decrease her credit score.
Assistance please. QUESTIONS Provide a brief summary of the main points in the article. (Maximum 30 words) Identify the type of market failure being discussed in the article and discuss why market failure occurs in this scenario. Suggest a relevant government policy that would yield the efficient outcome and carefully explain the process through which the implementation of the government policy will lead to the optimal outcome. (Maximum 30 words) How will the imposition of the chosen government policy impact consumer surplus, producer surplus and total surplus in this scenario?

Recommended textbooks for you

Understanding Business

Management

ISBN:

9781259929434

Author:

William Nickels

Publisher:

McGraw-Hill Education

Management (14th Edition)

Management

ISBN:

9780134527604

Author:

Stephen P. Robbins, Mary A. Coulter

Publisher:

PEARSON

Spreadsheet Modeling & Decision Analysis: A Pract…

Management

ISBN:

9781305947412

Author:

Cliff Ragsdale

Publisher:

Cengage Learning

Understanding Business

Management

ISBN:

9781259929434

Author:

William Nickels

Publisher:

McGraw-Hill Education

Management (14th Edition)

Management

ISBN:

9780134527604

Author:

Stephen P. Robbins, Mary A. Coulter

Publisher:

PEARSON

Spreadsheet Modeling & Decision Analysis: A Pract…

Management

ISBN:

9781305947412

Author:

Cliff Ragsdale

Publisher:

Cengage Learning

Management Information Systems: Managing The Digi…

Management

ISBN:

9780135191798

Author:

Kenneth C. Laudon, Jane P. Laudon

Publisher:

PEARSON

Business Essentials (12th Edition) (What's New in…

Management

ISBN:

9780134728391

Author:

Ronald J. Ebert, Ricky W. Griffin

Publisher:

PEARSON

Fundamentals of Management (10th Edition)

Management

ISBN:

9780134237473

Author:

Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo

Publisher:

PEARSON

SEE MORE TEXTBOOKS