Introduction to Business
OER 2018 Edition
ISBN: 9781947172548
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 8.9, Problem 1CC
Discuss the laws that govern wages, pensions, and employee compensation.
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1) View the video Service Processing at BuyCostumes (10.41 minutes, Ctrl+Click on the link); what are your key takeaways (tie to one or more of the topics discussed in Chapter 3) after watching this video. (viddler.com/embed/a6b7054c)
Note: As a rough guideline, please try to keep the written submission to one or two paragraphs.
2) Orkhon Foods makes hand-held pies (among other products). The firm’s weekly sales of hand-held pies over the past seven weeks are given in the table. The firm’s operations manager, Amarjargal, wants to forecast sales for week 8.
Weeks
Sales of hand-held pies(000s)
1
19
2
18
3
17
4
20
5
18
6
22
7
20
Forecast the week 8 sales using the following approaches:
a) Naïve approach
b) 5-month moving average
c) 3-month weighted moving average using the following weights: 0.50 for week 7, 0.30 for week 6, and 0.20 for week 5.
d) Exponential smoothing using a smoothing constant of 0.30, assume a…
General Accounting question
Chapter 8 Solutions
Introduction to Business
Ch. 8.1 - Define human resource management.Ch. 8.1 - Distinguish between job analysis, job description,...Ch. 8.1 - Describe the human resource management process.Ch. 8.2 - What are the two sources of job applicants?Ch. 8.2 - What are some methods firms use to recruit...Ch. 8.2 - What is meant by recruitment branding?Ch. 8.3 - Describe the employee selection process.Ch. 8.3 - What are some of the ways that prospective...Ch. 8.4 - Describe several types of on-the-job training.Ch. 8.4 - What are the advantages of simulation training?
Ch. 8.4 - How is technology impacting off-the-job training?Ch. 8.5 - What are the steps in the performance planning and...Ch. 8.5 - What purposes do performance appraisals serve?Ch. 8.5 - Describe some sources of information for the...Ch. 8.6 - How does a firm establish a pay scale for its...Ch. 8.6 - What is the difference between direct and indirect...Ch. 8.6 - Why are health insurance and benefits so important...Ch. 8.7 - Discuss the modern labor movement.Ch. 8.7 - What are the various topics that may be covered...Ch. 8.7 - Explain the differences among a union shop, agency...Ch. 8.8 - Describe the grievance procedure.Ch. 8.8 - In what ways do arbitrators act like judges?Ch. 8.8 - What are some tactics for pressuring for a...Ch. 8.9 - Discuss the laws that govern wages, pensions, and...Ch. 8.9 - Describe the Americans with Disabilities Act.Ch. 8.9 - How do the Wagner and Taft-Hartley Acts impact...Ch. 8.10 - How can employee diversity give a company a...Ch. 8.10 - Explain the concept of hiring for fit.Ch. 8.10 - Why does the service industry provide an...Ch. 8 - Tracking employee information through global...Ch. 8 - Why is workplace diversity so important in today's...Ch. 8 - What are the major sources of workplace...Ch. 8 - What steps are companies taking to ensure that...
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Similar questions
- Sam's profit is maximized when he produces shirts. When he does this, the marginal cost of the last shirt he produces is , which is than the price Sam receives for each shirt he sells. The marginal cost of producing an additional shirt (that is, one more shirt than would maximize his profit) is , which is than the price Sam receives for each shirt he sells. Therefore, Sam's profit-maximizing quantity corresponds to the intersection of the curves. Because Sam is a price taker, this last condition can also be written as .arrow_forwardFinancial accounting questionsarrow_forwardProvide answer general Accounting questionarrow_forward
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