...skill-based pay | | Answer Key: B | | | Question 3 of 15 | 10.0/ 10.0 Points | What type of pay should be determined over time, by differences in job performance? | | A. seniority pay | | | B. merit pay | | | C. skill-based pay | | | D. knowledge-based pay | | Answer Key: B | | | Question 4 of 15 | 10.0/ 10.0 Points | What is a cooperative effort between employees and their employers to promote rewarding work experiences throughout employees' work lives called? | | A. employment termination | | | B. career development | | | C. labor-management relations | | | D. training | | Answer Key: B | | | Question 5 of 15 | 10.0/ 10.0 Points | Which of the following are the three broad categories of discretionary benefits? | | A. welfare practices, services, paid time-off | | | B. protection programs, paid time-off, services | | | C. paid time-off, welfare practices, protection programs | | | D. services, protection programs, welfare practices | | Answer Key: B | | | Question 6 of 15 | 10.0/ 10.0 Points | Which theory states that employees' knowledge and skills generate productive...
Words: 678 - Pages: 3
...Workers Comp lawyers. So , who is included by workers compensation? The Workers Compensation laws differ in each state, however in most states, organizations that has a certain array of staff are needed to have Workers Compensation Insurance. If you wish to receive compensation benefits, its probable you've been performing one of the job duties if the accident occurred....
Words: 503 - Pages: 3
...The rule states: An injury is compensable if the injury arises from the scope of the employee’s employment. For off-duty events, an injury is within the scope of the employment if participation in it is a reasonable expectancy of employment. Reasonable expectancy is split into elements of subjective belief and whether that belief is objectively reasonable. To see if an employee’s belief is objectively reasonable, one would needs to consider the following factors: employer benefit, employer involvement, and job related...
Words: 1837 - Pages: 8
...regular Widgets and the Widget X. With careful consideration of this project, operations-management must compare the current labor productivity to two alternative methods that would help them with the increase. A cost-benefit matrix will be provided to show comparison of current labor productivity, alternative one and alternative two labor productivity as well as, the effects the alternatives would have, and what the benefits of networking strategies to streamline operational procedures would be. Taylor Inc Cost Benefit Matrix | |Current |Alternative 1 |Alternative 2 | |Wasted Motion |27% |1% |7% | | Physical Lifting |42 |12 |23 | |People Required |17 |6 |9 | |Productivity |208 |392 |288 | |Worker's Comp Claims |4 |0.3 |1.9 | |Capital Investment | $ ...
Words: 550 - Pages: 3
...Pay & Benefits During Leave This document either (1) integrates California and Federal law into one answer for the California library or (2) covers Federal law only for the National library, which applies to all states. The active profiles listed above show which library applies. For the National version, the federal laws set the minimum requirements for employee rights and employer obligations. However, your company may be subject to additional rules, depending on state and local laws, court decisions, or agency regulations. And, whether your company is in California or another state, if the company provides more generous terms through an oral or written contract, a collective bargaining agreement, or company policy, the company must comply with those terms. RELATED INFO/FORMS: Note: This document applies to all employees, whether exempt, non-exempt, full-time, part-time, temporary, new, or regular.1 GENERAL RULE ON PAY AND BENEFITS DURING LEAVE Employers must give employees time off from work for a variety of reasons (such as for jury duty and workers' comp injuries). Besides these mandatory leaves, many employers provide other, optional leaves (such as vacation, sick, and holiday leave). See Memo 2800 Employer's Duty to Provide Leave & Time Off. Note: If employees are entitled to take leave, employers generally must reinstate employees returning from leave to their prior pay and benefits. See Memo 2807 Employee's Rights Upon Reinstatement from Leave. Generally,...
Words: 2044 - Pages: 9
...------------------------------------------------- CH 1 : NATURE OF STRATEGIC MNGEMENT WHAT IS STRATEGIC MANAGEMENT?? Meaning = art n science of formulating, implementing n evaluating cross functional decisions that enable an organization to achieve the objective Focus on = marketing, finance/accountg, R&D, production/operation Purpose = to exploit n create a new n different opportunities for tomorrow (long term) n optimize for tomorrow the trends of today STAGES OF STRATEGIC MANAGEMENT I. Strategy formulating * Melibatkn top manager * Apa kne buat??? * Develop vision n mission * Knalpasti pluang n ancaman luaran bg sbuah organisasi * Knalpasti kekuatan n klmahan dlmn organisasi * Generating alternative strategy * Pilih strategy tbaik utk dlksanakn * Issues??? * Bisnes apa nk buat @ dlpskn? * Cne nk pruntukn sumber2 yg ade * Nk kmbgkn bisnes @ x? * Nk msuk intrntional market @ x? II. Strategy implementing * Melibatkn semua pkrja n manager * Called as “action stage” n mrupakan most difficult stage * Prlukn interpersonal skill yg tngi * Apa kne buat??? * Wjudkn obj thunan * Devise polisi * Motivate people * Pruntukn sumber spaya strategy frmulatg dpt dlksanakn * Prepare bajet * Utilizing information system * Memerlukn disiplin, komitmen n pngrbanan yg tngi * Uji kmampuan manager utk motivate pkrja (more art than science) * Issues??? * Ape yg ptot kte buat utk...
Words: 1028 - Pages: 5
......................................................................................4 III. TOTAL REWARD PROGRAM OVERVIEW ..................................................................................................................5 Tiers and Tier Credits ............................................................................................................................................5 Reward Credits .....................................................................................................................................................7 IV. TOTAL REWARDS MARKETING STRATEGY .............................................................................................................11 V. TOTAL REWARDS TIER BENEFITS..............................................................................................................................18 Gold Level ..........................................................................................................................................................19 Platinum Level...
Words: 11675 - Pages: 47
...Activities:1.Borrowing money (debt financing)-Amts owed=liabilities.Party to whom amounts are owed are creditors.Notes payable&bonds payable diff. types of liabilities.2.Issuing(selling) shares of stock for cash.-payments to stockholders=dividends.Investing Activities: Comps,deliverytrucks,furniture,buildings,etc.(PPE).Resources owned by a business=assets.Investments another example of an investing activity. Income Stmt: Reports revs.&exp. for a specific period of time. Net income/loss. Past net income provides info for predicting future net income. Net income is needed to determine the ending balance in retained earnings. RE: stmt. shows amts and causes of changes in RE during the period. Time period is the same as that covered by the income stmt. Users can evaluate dividend payment practices. Ending balance in RE is needed in preparing the balance sheet. BS: Reports assets and claims to assets at a specific point in time. Assets=Liab+SE. Lists assets first, followed by Liab and SE. U.S. companies that are publicly traded must provide shareholders w annual report. Annual Report always includes: Financial stmts, mgmt. discussion&analysis, notes to financial stmt, auditor’s report. Mgmt discussionAnalysis: comp. ability to pay near-term obligations, ability to fund ops.&expansion, results of ops. Mgmt must highlight favorable or unfavorable trends & identify significant events and uncertainties that affect these three factors. International standards are referred to...
Words: 1174 - Pages: 5
...Interviews would most probably include guesstimates as well` PREPARATION • • • • Groups of 3 (Interviewer, Interviewee, Observer) Case Handbook (ISB, IIM Indore) Case in Point One case a day Scenario #1 NEW MARKET ENTRY As CEO of Myntra.com, would you enter the online book retail market? Size Growth Rate Strategic fit Does the market entry fit the business objectives of the firm? Market state Lifecycle stage Market Gaps (Target Market) Scenario #1 NEW MARKET ENTRY Competitors and their market share Product/Service Differentiation Threat of substitutes Entry/Exit barriers Internal Development Purchase Contract Resource Acquisition Joint venture Market attractiveness (Porters) Acquisition Cost Benefit Analysis Scenario #2 INDUSTRY ANALYSIS Tata is planning to re-enter civil aviation in India by acquiring SpiceJet. Could you help Tata with the analyzing the current state of the industry? • Similar to new market entry (new market entry is a subset of industry analysis) • Porters 5 Forces • Very important to...
Words: 1226 - Pages: 5
...BIS5101 Strategic IT-Management Prof. Dr. Karl-Heinz Rau WS 2013/14 Term Paper Topic: How Companies Could Achieve Sustainable Competitive Advantage Gahn, Philip MACFA, ID# 309601 gahnphil@hs-pforzheim.de Kominek, Lukas MACFA, ID# 300953 komluk@hs-pforzheim.de Wenz, Eugen MACFA, ID# 300636 weneug@hs-pforzheim.de th Submission date: November 2 2013 2 Table of Contents 1 Purpose and Structure ......................................................................................... 5 2 Definition and Origin of Competitive Advantage .............................................. 6 3 Approaches and Methods to Achieve Competitive Advantages......................... 8 3.1 The Traditional Approach According to Porter ........................................... 8 3.1.1 Cost Leadership ................................................................................. 10 3.1.2 Focusing on Priorities ........................................................................ 10 3.2 Modern Approaches .................................................................................. 10 3.2.1 The Strategy as a Compilation of Simple Rules ................................ 11 3.2.2 The Blue Ocean Strategy ................................................................... 12 4 Ways to achieve Sustainable Competitive Advantage...................................... 13 5 Conclusion ............................................................................
Words: 3103 - Pages: 13
...® EXAMINATION GUIDE ® Capsim Management Simulations, Inc. Welcome to Comp-XM Your Registration Number If your instructor or school did not give you a Registration Number, you will need to register online using a credit card or checking account. Welcome to Comp-XM® an integrated evaluation tool that will allow , you to demonstrate your business skills. Comp-XM has two sections: 1. A business simulation similar to the one you just completed and 2. A series of quizzes, called Board Queries, that ask questions related to your simulation environment. The Simulation Round 1 Board Queries Board Queries are web-based quizzes that relate directly to the results of your simulation. As CEO, you will report to the Board of Directors. The Board FRXOG DVN XS WR ÀYH VHWV RI TXHVWLRQV %RDUG 4XHULHV that are based on the results of your previous rounds. )RU H[DPSOH WKH ERDUG PLJKW UHTXLUH \RX WR FRQGXFW a break-even analysis on an increase in production automation or calculate the effect additional ERUURZLQJ ZLOO KDYH RQ \RXU ÀQDQFLDO UDWLRV 7KH questions use standard true-false, multiple choice and essay formats. All the information needed to answer the queries appears within the pages of The Comp-XM Inquirer, an industry newsletter similar to The Capstone® &RXULHU RU 7KH )RXQGDWLRQ® )DVW7UDFN ,Q &RPS;0 you work as an individual, which means all success will be attributed to your efforts. This is your chance to show your strategic vision, tactical abilities and business...
Words: 5568 - Pages: 23
...maximize production, reduce worker's compensation claims, and improve management techniques. Two alternatives have been proposed. Listed in Appendix A, a cost-benefit matrix compares the current and two alternatives. Listed in Appendix B, compares the current and alternative matrix from the total cost and saving of worker's compensation Claims, and annual wages reflecting all expenses. Appendix A | Current | Alternative 1 | Alternative 2 | Labor Time | 27% | 1% | 7% | Workers Assembly Line | 17 | 6 | 9 | Product Lifting (lbs.) | 42 | 12 | 23 | Productivity | 208 | 392 | 288 | Worker's Comp Claims | 4 | .3 | 1.9 | Equipment Life Expectancy | - | 7 | 5 | Capital Investment | - | $1.3 million | $967,000 | Appendix B | Current | Alternative 1 | Alternative 2 | Worker's Comp Claims | $109,000×4=$436,000 | $109,000×.3=$32,700 | $109,000×1.9=$207,100 | Wages Per Shift | $43×8×17=$5,848 | $43×8×6=$2,064 | $43×8×9=$3,096 | Annual Wages (hours, labors, days) | $43×8×17×260=$1,520,480 | 43×8÷6÷260=$536,640 | 43×8×9×260=$804,960 | The cost benefit matrix shows favor of Alternative One. Alternative One drastically reduces labor time (27% to 1%), cuts workers more than half compared to the current operation (17 to 6), lessens the pounds lifted (42 lbs. to 12 lbs.),and reduces the number of Worker's Comp. (4 to .3). Alternative One brings in 184 more widgets produced compared to the current...
Words: 519 - Pages: 3
...BUSINESS SIMULATIONS E X A M I N AT I O N USA & Canada 877.477.8787 Outside USA & Canada +1.312.477.7200 WWW.CAPSIM.COM Welcome to Comp-XM Your Registration Number If your instructor or school did not give you a Registration Number, you will need to register online using a credit card or checking account. Welcome to Comp-XM® an integrated evaluation tool that will allow , you to demonstrate your business skills. Comp-XM has two sections: 1. A business simulation similar to the one you just completed and 2. A series of quizzes, called Board Queries, that ask questions related to your simulation environment. The Simulation Round 1 Board Queries Board Queries are web-based quizzes that relate directly to the results of your simulation. As CEO, you will report to the Board of Directors. The Board FRXOG DVN XS WR ÀYH VHWV RI TXHVWLRQV %RDUG 4XHULHV that are based on the results of your previous rounds. )RU H[DPSOH WKH ERDUG PLJKW UHTXLUH \RX WR FRQGXFW a break-even analysis on an increase in production automation or calculate the effect additional ERUURZLQJ ZLOO KDYH RQ \RXU ÀQDQFLDO UDWLRV 7KH questions use standard true-false, multiple choice and essay formats. All the information needed to answer the queries appears within the pages of The Comp-XM Inquirer, an industry newsletter similar to The Capstone® &RXULHU RU 7KH )RXQGDWLRQ® )DVW7UDFN ,Q &RPS;0 you work as an individual, which means all success will be attributed to your efforts. This is your chance...
Words: 5610 - Pages: 23
...Unclassified Organisation de Coopération et de Développement Économiques Organisation for Economic Co-operation and Development DAF/COMP(2014)14 06-Jun-2014 ___________________________________________________________________________________________ English - Or. English DIRECTORATE FOR FINANCIAL AND ENTERPRISE AFFAIRS COMPETITION COMMITTEE DAF/COMP(2014)14 Unclassified AIRLINE COMPETITION -- Background Paper by the Secretariat -18-19 June 2014 This document was prepared by the OECD Secretariat to serve as a background note for Item IX at the 121st meeting of OECD Competition Committee on 18-19 June 2014. The opinions expressed and arguments employed herein do not necessarily reflect the official views of the Organisation or of the governments of its member countries. More documents related to this discussion can be found at http://www.oecd.org/daf/competition/airlinecompetition.htm. English - Or. English JT03358883 Complete document available on OLIS in its original format This document and any map included herein are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area. DAF/COMP(2014)14 TABLE OF CONTENTS Introduction ................................................................................................................................................. 3 1. Features of the airline industry .............................
Words: 29874 - Pages: 120
...What are agency problems in a corporation? An agency problem occurs when the managers of the firm act in their own self interests and not in the interests of the shareholders. Describe the potential managerial behaviors that can harm a firm’s value. Managers might: Expend too little time and effort. Consume too many non-pecuniary benefits. Avoid difficult decisions (for example, close a plant) out of loyalty to friends in company. Take on too much risk or not take on enough risk. Avoid returning capital to investors by making excess investments in marketable securities or by paying too much for acquisitions. Massage information releases or manage earnings to avoid revealing bad news. Describe corporate governance. Corporate governance is the set of rules that control a company’s behavior towards its directors, managers, employees, shareholders, creditors, customers, competitors, and community. Describe the corporate governance provisions that are internal to a firm and are under its control. The provisions under a firm’s control are: (1) monitoring and discipline by the board of directors; (2) charter provisions and bylaws that affect the likelihood of hostile takeovers; (3) compensation plans; (4) capital structure choices; and (5) accounting control systems. How does block ownership affect corporate governance? Block ownership occurs when an outside investor owns a large amount (i.e., block) of company’s shares. Large institutional investors, such...
Words: 1543 - Pages: 7
