An Iron Casting Company Has Received an Order to Supply

question 10

Essay

An iron casting company has received an order to supply 300 units of casted fireplace inserts each year for
Midwestern Builders over a 2-year period. The current sales price is $1,500 per unit, and the current cost per
unit is $1,000. The firm is taxed at a rate of 30%. Both prices and costs are expected to rise at a rate of 6% per
year. The firm will produce these units on fully-depreciated existing machines. Since the orders will be filled at
the end of each year, the unit sale price and unit cost during the first year would be $1,590 and $1,060,
respectively. The firm's market interest rate is 15%. Compute the net present worth of this project.

Differentiate between prejudice, discrimination, and their underlying attitudes and behaviors.

Identify and explain the concepts of prejudice, stereotypes, and discrimination.

Describe the cognitive processes involved in ingroup favoritism and outgroup prejudice.

Recognize the behavioral component of attitudes through examples.

---

Definitions:

Seniority Based Pay

A compensation system where employees' wages are determined by the length of service in a company or organization.

Enterprise Unionism

A form of unionism in which workers organize into unions on a per-company basis, rather than by trade or industry.

Former Soviet Union

Refers to the socialist federation that existed from 1922 to 1991, comprising several republics including Russia, Ukraine, and others, which disbanded to become independent countries.

U.S. Labor Relations

The interaction between labor unions, employers, and the government in the United States, focusing on the negotiation and enforcement of labor contracts and the rights and obligations of parties in the workplace.