Johnson Co. operates $12$ hours a day (in a single $12$-hour shift). In an average month , $6$ employees work $22$ days, and a total of $30$ hours are missed each month . What is the rate of absenteeism?

If your annual pay is $36,010\$$, what is your biweekly pay based on$26$biweekly paychecks? What is your hourly rate of pay if you work$160$ hours per month? What is your overtime rate?

In this chapter, you created a realistic budget that applies to your needs now. In this activity, you will pretend that you have graduated from high school and are living on your own. You will create a household budget that would provide for your needs in that situation.

Review the personal budget. You will prepare a household budget for next month. Use spreadsheet software to prepare the budget, if it is available.

A production facility employs 10 workers on the day shift, 8 workers on the swing shift, and 6 workers on the graveyard shift. A quality control consultant is to select 5 of these workers for in-depth interviews. Suppose the selection is made in such a way that any particular group of 5 workers has the same chance of being selected as does any other group (drawing 5 slips without replacement from among 24). What is the probability that all 5 selected workers will be from the same shift?

In this activity, you will create a personal budget. You will keep track of your finances for one month and then compute budget variances. Refer to your personal income and expense statement to see income and expense items you have already identified.

Create a similar monthly budget variance report for yourself. Use the budget you created for the month and the actual amounts of your income, savings, and expenses.

A company produces A, B, and C and can sell these products in unlimited quantities at the following unit prices: A, $10; B,$56; C, $100. Producing a unit of A requires 1 hour of labor; a unit of B, 2 hours of labor plus 2 units of A; and a unit of C, 3 hours of labor plus 1 unit of B. Any A that is used to produce B cannot be sold. Similarly, any B that is used to produce C cannot be sold. A total of 40 hours of labor are available. Formulate an LP to maximize the company’s revenues.

Why are salaried employees often excluded from overtime pay? Do you think this is fair? Explain your answer .

Seniority protects employees who have been employed the longest. Younger employees, who are often highly skilled, are the first to lose their jobs during layoffs. Is this a good or bad thing? Explain

Scientists have created a compound which combines xenon and fluorine. Why is this compound so unusual and difficult to create? Why is fluorine a good choice for scientists attempting to form a compound with xenon?

In what ways has technology changed the workplace of people across the world?

Match the terms with the definitions. Some terms may not be used.

Andrew is single and claims zero allowances. He gets a big refund each year. With weekly earnings of $400\

$$, how much less would be withheld for federal and state taxes if he increased his allowances to two?$$

Alexi works for an annual salary of $36,000\$$ and gets$12\ $$ monthly paychecks. As a salaried employee, she is not given any overtime pay. Yet she works more than $60$ hours each week. a. Do you think she should be entitled to overtime pay? b. Compute her overtime rate . How much additional pay would she earn each week if she were paid for her overtime hours? $$

What are the three types of small businesses? Describe each of them.