Wages, Workers, and Management – End of Chapter ProblemIn 2018, the CEO of General Dynamics (an aerospace and defense company), Phebe Novakovic, received a totalcompensation of about $20.7 million. This was estimated to be approximately 240 times the median General Dynamicsemployee's compensation. In 2018, General Dynamic's market value was approximately $47 billion.Which of the following explains why companies are willing to pay so much money for good managers?O Top level management requires extensive training and education so potential executives require a high salary to make upfor lost earnings gaining that training.CEOS are always paid significantly more because there are so few people willing to work as a chief executive.A good manager can increase the value of a company. Even a small change in the value of a large company can mean asignificant return to individual shareholders.

Managers are those individuals that are required to manage the running of the business by doing:…

Wages, Workers, and Management - End of Chapter Problem In 2018, the CEO of General Dynamics (an aerospace and defense company), Phebe Novakovic, received a total compensation of about $20.7 million. This was estimated to be approximately 240 times the median General Dynamics employee's compensation. In 2018, General Dynamic's market value was approximately $47 billion. Which of the following explains why companies are willing to pay so much money for good managers? Top level management requires extensive training and education so potential executives require a high salary to make up for lost earnings gaining that training. CEOS are always paid significantly more because there are so few people willing to work as a chief executive. A good manager can increase the value of a company. Even a small change in the value of a large company can mean a significant return to individual shareholders.

Wages, Workers, and Management - End of Chapter Problem In 2018, the CEO of General Dynamics (an aerospace and defense company), Phebe Novakovic, received a total compensation of about $20.7 million. This was estimated to be approximately 240 times the median General Dynamics employee's compensation. In 2018, General Dynamic's market value was approximately $47 billion. Which of the following explains why companies are willing to pay so much money for good managers? Top level management requires extensive training and education so potential executives require a high salary to make up for lost earnings gaining that training. CEOS are always paid significantly more because there are so few people willing to work as a chief executive. A good manager can increase the value of a company. Even a small change in the value of a large company can mean a significant return to individual shareholders.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

urgent
I got this question wrong because it was incomplete. Another option is correct, which one is it? For a firm that is not in perfect competition, why does the MRP slope downward? (mark all that apply) Because it is assumed that worker productivity declines due to on-the-job exhaustion Because as firms hire more workers, they face the law of diminishing marginal returns Because firms have to decrease their prices to sell more, which decreases MRP Because firms can charge higher than market prices for their products The MRP is actually horizontal, not downward sloping
Price per unit (OMR) Shoe sales per week 60 100 50 200 40 300 30 400 20 500 10 600 Consider a firm uses only labor as a variable factor of production in the short run, with the help of a example in the tabular form to express the marginal costs, marginal revenue and output levels where the firm maximizes profit. Draw a diagram corresponding to the table. Useful resources: Principles of Microeconomics, Case Fair, 10th edition. El-Sayed Emarah, R., Abou-El-Wafa, E., & El-Malaaha, G. (1983). Input Price Mechanism in Relation to Current Market Constraints (No. 1566-2016-133411).
Please continue to solve from Part d to Part f. Thank you.
. Walmart follows a centralized purchasing system; they achieve high efficiency in their operations, concentrate on small towns, and reap the experience curve's benefit. What generic strategy does Walmart follow? Briefly explain the strategy. . Explain briefly the traditional approach to strategic control (you can even explain using a diagram) . Briefly explain the school of thought that argues against CEO Duality. Mention components of emotional intelligence with a brief explanation. What is matrix structure in the organizational design approach? (you can even explain using a diagram) Discuss the four criteria that a firm's resources must possess to maintain a sustainable .
What is the correlation between structure and performance in the SCP Paradigm? (Essay style answer)
how accountancy science be useful in the application of managerial economics by the firm?
Note: typed answer and 100℅ accuracy with the answer
5. In Chapter 9 of your text, complete Exercise #3 found on page 321. Suppose that you observe that the wages for accountants in your town have gone up and that the number of accountants employed has also gone up. Which one of the following conditions could explain this? Illustrate your answer with a graph and explain in a brief paragraph. a) Businesses are failing, reducing the need for accountants. b) Many accountants are leaving the field in order to train to become financial analysts instead. c) A rash of business scandals has increased the demand for auditing services performed by accountants. d) The local university has just graduated an unusually large group of accountants.
Bonnie decides to open a company and earns JD50,000 in accounting profit the first year. When deciding to open the company, she took JD20,000 from her savings, which earned 5 percent interest. She also turned down three separate job offers with annual salaries of JD30,000, JD40,000, and $JD45,000. What is Bonnie's economic profit from opening her own company?
8.* The profit of a firm depends on its use of a factor x and a parameter a according to f(x, a), increasing in a. The prices of the output and factor are p>0 et w > 0. Does the maximum profit of the firm increase or decrease if a increases? Why?
Discuss why in many liability firms, the managers do not receive a fixed payment for their work, but rather they are paid according to the results (such as profits or sales).