• You are an administrative assistant to the human resources manager for a manufacturing firm. Your firm
has 300 employees. The human resources manager
asks you to research the firm's wage policy regarding
the 230 employees paid on an hourly basis.
How would you determine the firm's wage level
when compared to other firms in your geographic
area?
In what ways could you determine the firm's wage
structure within the firm?
How can you evaluate the individual wages paid to
each of the 230 workers paid on an hourly basis?
.

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.