During Hearings About the Effects of the Troubled Assets Relief

question 33

Essay

During hearings about the effects of the Troubled Assets Relief Program,Gavin's committee comes to learn that several of the bailed-out banks gave their top officers very high bonuses shortly after the government loaned the banks enough money to keep afloat.Several of Gavin's constituents were quite upset about this.Why would this have been a concern for them?

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Definitions:

Production Planner

A professional responsible for scheduling and coordinating manufacturing processes to meet demand and optimize resources.

Aggregate Planning

A process by which a company determines ideal levels of capacity, production, subcontracting, inventory, and labor for medium-term future periods to meet forecasted demand.

Overtime

Additional time worked by an employee beyond the normal or legally defined working hours, usually compensated at a higher pay rate.

Subcontracting

The practice of assigning parts of a project or job to outside companies or specialists to capitalize on efficiency and expertise.