Econ Ch. 13 Firms in Competitive Markets Flashcards

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An Employee Value Proposition (EVP) is about defining the essence of a company. The EVP is the value an employee receives from the employer; it defines the commitment the company will make to develop the employee in exchange for the effort the employee puts in to benefit the company. But do all agree on what makes a unique and compelling EVP? A study showed that 14% of business executives, 38% of HR leaders, and 33% of employees say that compensation (pay and rewards) makes for a unique and compelling EVP.

Assume that 200 individuals within each business group were surveyed.

a. Is there evidence of a difference among business groups with respect to the proportion that say compensation (pay and rewards) makes for a unique and compelling EVP?

b. Determine the p-value in (a) and interpret its meaning.

c. If appropriate, use the Marascuilo procedure and $\alpha$ = 0.05 to determine which business groups differ in the proportion that say compensation (pay and rewards) makes for a unique and compelling EVP.

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Television makers are being forced to outsource some of their production because: a) television prices increased; b) the television market increased; c) their profit margins decreased; d) their profit margins increased

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If a total sample of 100 students is to be taken, determine how many of these should be freshmen and sophomores under each of the following schemes.

a. Proportional allocation

b. Optimum allocation, assuming the stratum population standard deviations are the same as the corresponding sample values

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accounting

Set up general ledger accounts using the chart of accounts provided in the earlier exercise. Post the transactions from earlier exercise to the general ledger accounts and prepare a trial balance.

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Econ Ch. 13 Firms in Competitive Markets

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