Econ Questions

Jasmine Ross

Ch. 1-3 Questions

Dr. Bud Turman

9/17/15

Ch.1

1-1.1. The assignment of decision rights within the company

1-1.2. The methods of rewarding individuals

1-1.3. The structure of systems to evaluate the performance of both individuals and business units

1-1. There is no wat to know for sure which structure would work for this company. They both do different things so the same system may not work for both.

Ch.2

2-3. I would say yes if it would make the company the best offer considering their financial and economical environments.

2-14. I do not have enough information to determine what the doctors are being compensated

2-15. To be safe. In the event that something happened, it would be much more costly for repairs than paying th premium every month.

2-19. A. Yes, people generally have a desire to improve the plight of others

B. There could be numerous variables that may have contributed to the decline in charitable giving such as a shift in the values being taught to the younger generation.

C. People are influenced by those around them.

Ch. 3

3-5. A. The quantity and price of the DVD players will rise

B. The quantity and price of the Dvd players will rise

C. depending on the demand the quantity will rise and either no change or rise in price will occur

D. Both will decline

3-12. Yes I agree with the argument of the owners based on the economic behavior principle.

3-14. I believe the members will vote yes at Salt Lake because they do not have such a large up-front fee.