Related to the Economics in Practice on P

question 28

Multiple Choice

Related to the Economics in Practice on p.717: In Indonesia,children and allies of President Suharto were affiliated with many companies.When Suharto unexpectedly fell ill,the stock prices of these companies dropped significantly,suggesting that

• A)these companies thrived under President Suharto despite their connection with Suharto's allies and relatives.
• B)later regimes in Indonesia will be more concerned about economic efficiency and less corrupt.
• C)President Suharto's removal from power was based not only on illness but also on concern over corruption.
• D)investor opinion of many of these firms was based on their connections with President Suharto and not the economic efficiency of those companies.

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Definitions:

Just Reason Doctrine

A legal principle that requires an employer to provide a fair and genuine reason for disciplining, dismissing, or making significant changes to an employee's contract.

Flexible Benefits

A type of employee benefits plan that allows workers to choose from a variety of pre-tax benefit options based on their personal needs.

Benefit Packages

A collection of non-wage compensations provided to employees in addition to their normal wages or salaries.

Compensation Time Benefits

are benefits allowing employees to take time off instead of receiving overtime pay for extra hours worked.