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- EVA - Economic Value Analysissation NQF Level 4 monstrate knowledge and application of ethical conduct in a business environment Activity 17.5 In your groups work through the following case studies: Case Study 1: Employee Absence By Stephen Adams Graphics and Commercial Art Joan, an employee of Great American Market, was warned about her excessive absenteeism several times, both verbally and in writing. The written warning included notice that "further violations will result in disciplinary actions," including suspension or discharge. A short time after the written warning was issued, Joan called work to say she was not going to be in because her babysitter had called in sick and she had to stay home and care for her young child. Joan's supervisor, Sylvia, told her that she had already exceeded the allowed number of absences and warned that if she did not report to work, she could be suspended. When Joan did not report for her shift, Sylvia suspended her for fifteen days. In a subsequent hearing, Joan argued that…Each term (3 months) the current group of economics students completed a questionnaire as to how much they would spend on new purchases compared to how much they would save/pay off bills, if they suddenly and unexpectedly received a check for $1,000. The average MPC is shown in the table below. Month in which student poll was taken Average of students’ responses as MPC March 0.41 June 0.30 September 0.22 December 0.56 What do these MPC’s imply about the students’ thinking over the course of the year? (Enter response here.) What is likely happening in the economy during the same period of time?
- 4. Explain the difference between bias and precision in econometric analysis. As a seasoned econometrician, to which of these two attributes do you ascribe more importance?The following table shows the end of the year account entries of a small company Item Amount ($) Total Revenue 560,000.00 Wages and Salaries 420,000.00 Ingredients and Materials 50,000.00 Interest paid 10,000.00 Other Payments 10,000.00 Forgone Salary 60,000.00 Forgone rent 12,000.00 Forgone interest 4,500.00 a. According to the above information calculate the following: I. Implicit and explicit cost II. Economic profit and normal profit/loss b. Briefly explain the following economic concepts with appropriate examples I. Economies of scale and diseconomies of scale II. Law of diminishing marginal returns and increasing marginal returnsManagerial Economics What is the answer to the following questions (4-6)? 4. What are fixed factors of productions? Explain with example. 5. Distinguish between fixed and variable factors of production. 6. Can total product ever decline? If yes, when?
- A small city has the following characteristics: Population (15+): 440000 Labour Force Participation Rate: 69% Unemployment Rate: 7% How many people are unemployed in this city? (Nearest whole number.)Subject: ( Enterprenurship ) Define SMEs. Also write down Financial and marketing problems of SMEs.Can you give me an in depth explanation and solution about this questions? thank you!
- 4. The table shows a company's yearly profit beginning in the year 2004. Time Since 2004 4. 8 10 (years) Profit (hundred thousands of dollars) 12.3 11.9 11.7 10.25 9.1 7.0 Use a quadratic regression to predict the company's profits in the 2016. year a. 469000 Ь. 705000 С. 700000 d. 674000 5. Kathy painted a picture and posted it on a social media site. The table shows the number ofPlease answer and show complete solution. Thank you!The 2008 sales and profits of seven companies were given as follows Firm Sales ($ Billions) Profit ($ Billions) Fiat 5.7 0.27 Honda 6.7 0.12 BP 0.2 0.01 Toyota 0.6 0.04 Apple 3.8 0.05 IBM 12.5 0.46 Phillips 0.5 0.02 The estimated value for the company’s Profit can be estimated using the equation; Y ̂i = α ̂ + β ̂Xi……………………………………………………………………Eqn.1 Where; Y = Companies Profit X = Companies Sales α ̂ and β ̂ are estimated parameters in the model Calculate the sample regression line, where profit is the dependent variable (Y) and sales is the independent variable (X)