“Analyzing Managerial Decisions: Structuring Compensation Plans”
Read the scenario provided in the text and then answer the questions provided. Chapter 14 - “Analyzing Managerial Decisions: Structuring Compensation Plans”. All questions should be answered for the case study. If calculations would enhance your commentary, it is strongly urged that you include these calculations. Use textbook concepts as you attempt to explain in your own words the answers to the assignments. Word choice and sentence structure that is suitable for graduate level work is expected. Use at least three specific in-text-narrative/parenthetical citations to point to concrete examples. Use a managerial economics vocabulary, concepts and principles to demonstrate your full grasp of the key concepts and principles covered this week. We need the page numbers or paragraphs to vet the intext/parenthetical citations.
the Access to Justice Act 1999, the government has undergone some important reforms in the state-funded legal services’ provision, with the intention to bring about improvements in the availability and the quality of legal services and also controlling the budget. The major change made under the Access to Justice Act 1999 was the completion of a demand-driven system in civil matters and the establishment of a fixed budget every year.
Furthermore, the amount set aside for civil cases was limited to the amount remaining after the budgetary expenses of the Legal aid fund for criminals. In 1999, the Legal Services Commission (LSC) was established and in April 2001 it replaced the Legal Aid Committee. Currently, LSC’s budget is around £2 billion to establish standards and availability of legal services. To obtain a quality mark, the legal service provider must meet established quality standards.