A Human Resources Manager at a Large Company Wants to Estimate

question 132

Multiple Choice

A human resources manager at a large company wants to estimate the proportion of employees that would be interested in reimbursement for college courses.If she wishes to be 95% confident that her estimate is within 5% of the true proportion, how many employees would need to be sampled?

• A)271
• B)385
• C)543
• D)646
• E)1234

Identify the segment of the demand curve where a firm should change its pricing strategy to increase revenue.

Distinguish between elastic, inelastic, and unit elastic demand.

Calculate the effect of price changes using the midpoint formula.

Grasp the concept of price elasticity of demand being different at every point on a linear demand curve.

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Definitions:

Labour

The human effort, whether physical or mental, that is applied to the production of goods and services.

Goal-Sharing Plans

A type of incentive plan where employees are rewarded if collective goals are achieved, promoting teamwork and collaboration.

Employee Participation

A workplace practice where employees are involved in decision-making processes, potentially improving satisfaction and productivity.

Phantom Stock Plan

A type of employee benefit plan that gives selected employees many of the benefits of stock ownership without giving them any company stock, often tied to the performance or value of the company's stock.