in five years, there were 30 employees, 18 being union members, all still making $20,000 per annum, and management negotiated with the union and agreed to the 12%, but with a choice between either a front-end loaded two-year deferred payment increase with 8% in the first year or a two-year even distribution increase. Which of the two should be accepted? (show calculations, not just final answers)
in five years, there were 30 employees, 18 being union members, all still making $20,000 per annum, and management negotiated with the union and agreed to the 12%, but with a choice between either a front-end loaded two-year deferred payment increase with 8% in the first year or a two-year even distribution increase. Which of the two should be accepted? (show calculations, not just final answers)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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If, in five years, there were 30 employees, 18 being union members, all still making $20,000 per annum, and management negotiated with the union and agreed to the 12%, but with a choice between either a front-end loaded two-year deferred payment increase with 8% in the first year or a two-year even distribution increase. Which of the two should be accepted? (show calculations, not just final answers)
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