Study Guides (248,246)
Canada (121,429)
York University (10,192)
ADMS 3330 (38)

ADMS 4510 - Ass.4 F2012.pdf

2 Pages
103 Views
Unlock Document

Department
Administrative Studies
Course
ADMS 3330
Professor
Douglas Kong
Semester
Winter

Description
Chapter 9Exercise 725 Net Income could happen if unexpected event took place which has not been taken into consideration when creating compensation contract and as such rendering a contract incomplete For example crash of stock market resulting in worldwide economic crises affected everyones net income Similarly new accounting standards such as introduction of IFRS can affect how company accounts for income and reduce its net income as a result If the latter is the case than the manager should redo the compensation contract so that it takes new accounting standards intoconsiderationrecalculate current periods compensation and bonuses based on companys performance but using other measurement than net incomeExercise 9aThe players will choose Strong Strong pair bYes the pair is Nash Equilibrium as it is the only strategy pair such that knowing the strategy choice of the other party each party is satisfied with hisher strategy cCooperate Cooperate pair is unlikely to be chosen despite the fact that its best for both parties because if one party cooperates the other one will be confiden
More Less

Related notes for ADMS 3330

Log In


OR

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit