Business Classes - 4/13

[absolutesnark]

Business Law

"Ms. Gilmore-Danes has another doctor's appointment. This time, she left a handout on Antitrust. I guess we're taking a break from our projects today. But if you do have any questions about those, I can try to answer them.

Oh, we all have to copy and paste write a 100 word essay about a prohibited anti-competitive behavior due next Tuesday. They are listed on the handout."

***

Human Resource Management

"We're taking a break from our projects today because Ms. Gilmore-Danes left a handout for us to go over. For Tuesday, we have to write a 100 word essay about a fringe benefit. They are listed on the handout."



Wikipedia is love.

Comments

Bus Law - Sign In

[absolutesnark]

Sign in, ask questions, whatever.

Re: Bus Law - Sign In

[wannabelawyer.livejournal.com]

Lindsey signs in, and asks Piper inappropriate questions.

Re: Bus Law - Sign In

[absolutesnark]

Piper has many inappropriate answers.

Re: Bus Law - Sign In

[cerulean--eyes.livejournal.com]

Boone signed in.

Bus Law - Homework

[absolutesnark]

Turn in homework.

Re: Bus Law - Homework

[absolutesnark]

Predatory pricing is the practice of a dominant firm selling a product at a loss in order to drive some or all competitors out of the market, or create a barrier to entry into the market for potential new competitors. The other firms must lower their prices in order to compete with the predatory pricer, which causes them to lose money, eventually driving them from the market. The predatory pricer then has fewer competitors or even a monopoly, allowing it to raise prices above what the market would otherwise bear.

Re: Bus Law - Homework

[wannabelawyer.livejournal.com]

Price fixing is an informal agreement between direct business competitors selling the same product regarding that product's pricing. In general, it is an agreement intended to ultimately push the price of a product as high as possible, leading to windfall profits for all the sellers. For the buyer, meanwhile, the practice results in a phenomenon similar to price gouging.

Generally, price fixing is illegal, but it may nevertheless be tolerated or even sanctioned by some governments at various times, particularly among those whose countries are developing economies.

HR - Sign In

[absolutesnark]

Sign in.

Re: HR - Sign In

[cerulean--eyes.livejournal.com]

Boone signed in.

HR - Homework

[absolutesnark]

Turn in homework.

Re: HR - Homework

[absolutesnark]

Retirement plans may be classified as defined benefit or defined contribution according to how the benefits are determined. A defined benefit plan guarantees a certain payout at retirement, according to a fixed formula which usually depends on the member's salary and the number of years' membership in the plan. A defined contribution plan will provide a payout at retirement that is dependent upon the amount of money contributed and the performance of the investment vehicles utilized.

Some types of retirement plans, such as cash balance plans, combine features of both defined benefit and defined contribution plans. They are often referred to as hybrid plans.

Re: HR - Homework

[cerulean--eyes.livejournal.com]

Employee benefits in the United States could include relocation assistance, health and dental plans; retirement benefit plans; group-term life and long term care insurance plans, legal assistance plans, adoption assistance, child care benefits and possibly other miscellaneous employee discounts (e.g. movies and theme park tickets, hotels and resorts, and so on).

Some fringe benefits (for example, accident and health plans, and group-term life insurance) may be excluded from the employee's gross income and, therefore, are not subject to federal income tax in the United States. Fringe benefits are also thought of as the costs of keeping employees other than salary. These benefit rates are typically calculated using fixed percentages that vary depending on the employee’s classification and often change from year to year.

Normally, employer provided benefits are tax-deductible to the employer and non-taxable to the employee. The exception to the general rule would include executive benefits (e.g. golden handcuff and golden parachute plans) which usually exceed the IRS maximum allowed and therefore, the executive would have to pay income tax for the excess amount.

OOC

[absolutesnark]

If needed.