Case Study Econ 545 Week 2 - 1856 Words

Case Study: Ethical Issues in Business, Week 2 Keller Graduate School of Management ECON545, November 13, 2013 Price Discrimination An ethical issue that individuals face today involves the price war or price discrimination involving the airline industry. According to the legal definition of price discrimination: Price discrimination is the practice of charging different persons different prices for the same goods or services. Price discrimination is made illegal under the Sherman Antitrust Act. 15 U.S.C.  §2, the Clayton Act, 15 U.S.C.  §13, and by the Robinson-Patman Act, 15 U.S.C.  §Ã‚ §13-13b, 21a, when engaged in for the purpose of lessening competition, such as tying the lower prices to the purchase of other goods or services.†¦show more content†¦However, when the equilibrium price is beyond the expectation of a fair market value, for reasons of political or social concerns governments will intervene in the market and establish limits on such things as wages, apartment rents, electricity, or agricultural commodities. Government uses price ceilings and price floors to keep prices below or ab ove market equilibrium. (Stone, 2012, page 68) The increase of the minimum wage would be considered the floor price establish by the government to balance out the minimum wage against the cost of living expense. In theory the statements made would be consistent with the effects of the increase of the minimum wage. Higher wages would potentially cause businesses to reduce the amount of part-time worker due to the incurred cost of wages/operations. Higher wages does not equate to a higher demand of warranted good so the cost of production would increase but not the cost of goods sold nor would there be an increase of revenue for the businesses. Additionally, the individuals being terminated (part-timers) would not have been considered members of the union so the lost would have no negative impact on the union however, the few part-timer that stayed would probably consider joining the union to secure their position in the company. As a minimum being in the union ensures these employees will have someone representingShow MoreRelat edMotivating Individuals in Teams From a Human Resource Perspective2264 Words   |  9 Pagesas the highest  hierarchy on the pyramid. Workers are not only motivated by money. Many individuals are motivated far more by  intangible rewards such as acknowledgment, recognition, and  other higher needs being met (Bridgestar, 2009). In Microsofts case, it is the morale insignificant incentives that work accompanied by acknowledgement of the individual worker. Observation of autonomous work groups (AWG) and self-managed work teams (SMWT) indicate that performance of these self-directed groups isRead MoreIntroduction to Work Psychology3735 Words   |  15 Pages The 12 categories of work psychology Work psychology is a broad field that essentially encompasses 12 distinct areas. These in turn are: 1. Selection and assessment For all types of job by a variety of methods, including tests and interviews. 2 Training Identification of training needs; the design, delivery and evaluation of training. 3 Performance appraisal Identification of key aspects of job performance; design of systems for accurate performance assessment; training in appraisal techniquesRead MoreEssay about Gang Injunctions10585 Words   |  43 Pagesupheld the first permanent civil gang injunction that made its way before the court,1 the use of gang injunctions as a tool to abate criminal gang activity has rapidly increased in California, with over 150 injunctions in effect throughout the state,2 and is just now beginning to take root in other states.3 One primary reason for an increase in the use of gang injunctions is most likely due to ever-increasing gang members and gang-related crimes.4 The most recent gang threat assessment conductedRead MoreVarian Solution153645 Words   |  615 Pagesreservation price, there will be two diï ¬â‚¬erent quantities of apartments demanded, since consumer i will be indiï ¬â‚¬erent between having or not having an apartment.) 2 THE MARKET (Ch. 1) Price 60 50 40 30 20 10 0 1 2 3 4 5 6 7 8 Apartments (b) Suppose the supply of apartments is ï ¬ xed at 5 units. In this case there is a whole range of prices that will be equilibrium prices. What is the highest price that would make the demand for apartments equal to 5 units? $18. $15Read MoreContemporary Issues in Management Accounting211377 Words   |  846 PagesPublication Data Data available Typeset by SPI Publisher Services, Pondicherry, India Printed in Great Britain on acid-free paper by Antony Rowe Ltd., Chippenham, Wiltshire ISBN 0–19–928335–4 978–0–19–928335–4 ISBN 0–19–928336–2 (Pbk.) 978–0–19–928336–1 (Pbk.) 1 3 5 7 9 10 8 6 4 2 3 FOREWORD ‘ Michael Bromwich is an exemplar of all that is good about the British tradition of academic accounting. Serious in intent, he has striven both to illuminate practice and to provide ways of improvingRead MoreNokias Human Resources System144007 Words   |  577 PagesIndicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ≠¤ No n Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non ­accelerated filer, or a smaller reporting company. See the definitions