Game Types

question 7

Essay

Game Types. Describe each of the following circumstances as a zero-sum game, a positive-sum game, or a negative-sum game. Illuminate your answer.
A. JP Morgan Chase and Citigroup battle over a Federal contract to oversee private accounts for social security investments.
B. Altria Group, maker of Marlboro cigarettes, battles with insurers over the payment of health care costs tied to smoking.
C. The hiring conflict that occurs among departments at Honeywell when an expansion in staff becomes necessary following the award of a big new contract.
D. The discussion between Johnson & Johnson senior management and employees concerning a new MBA tuition cost-sharing benefit.
E. General Electric agrees to sign long-term contracts with suppliers who meet stringent quality guidelines.

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Definitions:

Taxpayer

An individual or entity that is obligated to make payments to governmental authorities based on income earned or goods and services provided.

Dependent Child

A dependent child is an individual, typically under the age of 19 (or 24 if a student), who is financially supported by a taxpayer and qualifies them to claim dependent-related tax benefits.

Wages

A fixed regular payment, typically calculated on an hourly, daily, or piecemeal basis, made by an employer to an employee, especially to a manual or unskilled worker.

Tax Liability

The total amount of tax owed by an individual, corporation, or other entity to a taxing authority, such as the IRS or state tax agency.