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The ability to make good decisions is the key to successful managerial performance. Discuss the common elements shared by all decision-making processes. Provide a real-world example to elaborate on your answer.
- A brief explanation of the public wage bill in SA
o (It is advisable to illustrate trends by means of graphs and tables)
Literature review on the public sector wage bill as an expenditure control - Experience of other nations with similar problems
- Discuss how they dealt with the problem
- Critically analyse if the approach can be done in SA
A perfectly competitive firm has the cost function TC = 1000 + 2Q + 0.1 Q2. What is the lowest price at which this firm can break even
An important distinction in economics is between shifts
of the production function and movements along with the
production function. For the food concession in question
5, give an example of both a shift of and a movement
along with the hot-dog production function. Illustrate
each with a graph of the relation between hot-dog production
and labor employed.
if the price of commudity y= 2 and price x=5 and income = 30 how many units the consumer can buy from each one
One current practice is to calculate the years remaining for a depletable resource by taking the prevailing estimates of current reserves and dividing it by current annual consumption. How useful is that calculation? Why?
Based on your review of the experience of other nations and literature arrive at a conclusion on if the public sector wage bill can be an effective expenditure control measure
Based on your review of the experience of other nations and literature arrive at a conclusion on if the public sector wage bill can be an effective expenditure control measure
- A brief explanation of the public wage bill in SA
o (It is advisable to illustrate trends by means of graphs and tables)
- Why is it a problem in SA?
- In the discussion provide indication on what made it to be so large
How it can be controlled?
