Maximizing profits is the factor that affects employers' decisions on how much to pay their workers.
What is profit maximization?Profit maximisation is a process that businesses go through to make sure the best levels of output and prices are realised in order to maximise their returns. The company modifies important variables like sale price, production costs, and output levels in order to achieve its profit objectives.
Profit maximisation is a strategy that can promote effective and long-term business expansion. Using a profit maximisation approach can ensure that increased work results in higher net revenue if you're ready to develop your business.
What are other factors that affects workers pay?Internal and External Determinants of Pay: Factors Affecting Employee Pay
Employment SituationFinancial SituationGovernment Control of Living Expenses Prevailing Wage Level Union InfluenceGlobalizationSector-Across MobilitySupporting answer
Hence option B is correct answer
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On November 1, Jovel Company loaned another company $100,000 at a 6% interest rate. The note receivable plus interest will not be collected until March 1 of the following year. The company's annual accounting period ends on December 31. The amount of interest revenue that should be reported in the first year is:
The amount of interest revenue that will be recorded in the books of Jovel Company as on December 31 will be $1,000.
What is interest revenue?The revenue which is generated by a company by the way of earnings made through interest over debts during a financial period is known as an interest revenue.
Using the above information, it can be ascertained that the total interest revenue over a loan of $100,000 will be $6,000, however, it was issued on November 1, and accounts close on December 31, so the interest revenue for 2 months will be computed as under,
[tex]\rm Interest\ Revenue\ for\ 2\ Months= \dfrac{Total\ Interest\ Revenue}{12}\ x\ No.\ of\ Months\\\\\rm Interest\ Revenue\ for\ 2\ Months= \dfrac{6000}{12}\ x\ 2\\\\\rm Interest\ Revenue\ for\ 2\ Months= \$1000[/tex]
Thus, the interest revenue has been computed as above.
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Practices and processes that encourage the use of external as well as internal ideas in order to create new products and services is known as Blank______ innovation.
Open innovation change that adds value to be product or service
Practices and processes that encourage the use of external as well as internal ideas in order to create new products and services is known as Blank______ innovation.
Innovation is the incarnation of creativity into a usable product or service. In the entrepreneurial environment, invention is any new idea, process, or product, or a change to be product or process that adds value to that being product or service.
Open innovation is principally a volition to this conventional system of doing invention where information has to stay within preset confines.
A mindset, if you will, of being open to sharing and entering information.
This companion explains how you can make invention a crucial business process and outlines the different approaches you can take. It gives you advice on planning for invention and creating the right business terrain to develop your ideas. It also outlines the help and support available to innovation businesses.
The business case for innovation Approaches to invention Planning Encourage invention in your business Backing innovation
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How is compound interest different from simple interest?
Answer: How is compound interest different from simple interest?
Explanation: Simple interest is interest payment is calculated on only the principal amount; whereas compound interest is interest calculated on both the principal amount and all the previously accumulated interest.
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What type of credit involves a set number of payments at a set dollar amount for a fixed period of time?.
Installment credit involves a set number of payments at a set dollar amount for a fixed period of time.
What is installment credit?Installment credit is regarded as a method of credit where the repayment of the amount along with interest is made at regular intervals, and the periodic payments are also fixed. It is also known as EMI.
Hence, the significance of installment credit is aforementioned.
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In what kind of nation are members of a society most likely to have good educational opportunities?
a developing nation
a developed nation
a country emerging from an economic and political crisis
an underdeveloped nation
Answer:
a developed nation for states
Globalization as an apparent universal civilization revolves around the emergence and spread of common systems, including but not limited to, political relations, economic transactions, technology creation / transfer, and
Globalization is an apparent universal civilization that revolves around the emergence and spread of common systems that include, but are not limited to, political relations, economic transactions, technology creation/transfer, and Cultural Influence.
What is Globalization?Globalization refers to the process of spread of financial products, goods, technology, information, and jobs across national borders and cultures.
It is the growing interdependence of the world's economies, cultures, and populations that is brought by cross-border trade in goods and services.
It has increased the interconnection of local and nationalistic economies across the world.
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Country M wants its regional trading group of countries to have a common currency and common monetary and fiscal policies. This level of integration is called a(n) ________.
Country M wants its regional trading group of countries to have a common currency and common monetary and fiscal policies. This level of integration is called a(n) Economic Integration.
What Is Economic Integration?
Economic integration is an arrangement among nations that typically includes the reduction or elimination of trade barriers and the coordination of monetary and fiscal policies. Economic integration aims to reduce costs for both consumers and producers and to increase trade between the countries involved in the agreement.
Economic integration is sometimes referred to as regional integration as it often occurs among neighboring nations. Economic integration refers to the agreement between the economies of the world in a given geographic region in order to reduce trade barriers such as removal of trade tariffs, free flow of goods, etc. This facilitates global trade and economic cooperation wherein the countries engage them in encouraging and promoting the trade business of each other.
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Adam smith believed that _____________ would lead to the production of items that consumers want.
Adam smith believed that consumer demand leads to the production of items that consumers want.
What is Consumer Demand?A group's desire for a good or service based on availability is measured economically as "consumer demand." It serves as a representation of consumer purchase behavior and aids in identifying demographic-specific purchasing patterns.
Thus, consumer demand leads to the production of items that consumers want. It serves as a representation of consumer purchase behavior and aids in identifying demographic-specific purchasing patterns.
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What things should you consider when setting up a checking or savings account with a financial institution?
Answer:
What profit will you get
1. What area of law protects the sale of a home?
common law
contract law
statutory law
criminal law
2. With respect to a contract, what does the term “consideration” mean?
Both parties agree to be considerate to one another.
Something of value must be exchanged between the parties.
One party offers valid terms, and the other party accepts those terms.
The terms of the contract are enforceable.
3. Which system of law is a complete set of rules enacted as a single written system or code?
common law
administrative law
civil law
statutory law
1 contract law
2 Something of value must be exchanged between the parties.
3 civil law
Why is the law important?
Laws are created for protect our general safety, and ensure our rights as citizens against abuses by other people, by organization's, and by the government itself. We have laws for help provide to our general safety.
How many kinds of Laws?
Natural or Moral Laws: Natural laws are the belief that certain laws of morality are inherent by human nature, reason, or religious belief.
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what are the similarities between a business brokerage and a real estate brokerage?
The similarities between a business brokerage and a real estate brokerage are:
1.Both deal with Real Property.
2.Both require a Real Estate License.
3.Both involve Long-term Liabilities.
What is business brokerage?A business broker is the one that act as intermediary between the buyer and the seller in a business transaction.
A real estate brokerage is a person, who has license to negotiate and arrange transactions between two or more parties involves in a contract.
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Why should we be careful about what we post on social media and the internet?
One should be careful about posting on social media platforms because this post enables viewers to frame a mindset about an individual and their personality.
What is a social media platform?Social media platform refers to a stage where people communicate with each other and share their opinions and knowledge on different content.
One should be careful while posting on social media because the content posted on these platforms will lead to the evaluation of the personality and mindset of an individual by the audience. These evaluations can be both negative and positive.
These platforms play a key role in a career when an employer checks the background history of a candidate. Any posts that create a negative impact will lead to spoil the impression before the hiring manager.
Therefore, it is important to be careful while posting stuff on social media.
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Question 3 of 20
International accountants need to keep track of
and gains when doing business in other countries.
OA. business success rates
B. exchange rates
OC. unemployment rates
OD. gross domestic product growth rates
which can affect losses
The International accountants need to keep track of the exchange rates and gains when doing business in other countries.
Why are exchange rates and gains important?These are important because this can affect the level of gains because the currency values in exchange differs.
Hence, they need to keep track of the exchange rates and gains when doing business in other countries.
Therefore, the Option B is correct.
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A company received a utility bill of $650 but did not pay it. Indicate the amount of increases and decreases in the accounting equation. (Decreases to account classifications should be entered as a negative.)
Based on the fact that the utility bill was received but not paid, the increases and decreases are:
Assets - $0Liabilities - +650Equity - (-650)What is the effect on the accounting equation?Liabilities will increase by the utility bill of $650 because the company owes this amount.
Equity will decrease by $650 because this expense will come out of revenue. The total assets will remain unchanged as a result of equity ad liabilities canceling each other out.
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the mortgage and the deed of trust are ______ that pledge property as collateral for a loan.
The mortgage and the deed of trust are security deeds that pledge property as collateral for a loan.
What are security deeds?Security Deed is a document containing properties and material's that are used as security for loans.
It is for the lender and borrower.
Therefore, The mortgage and the deed of trust are security deeds that pledge property as collateral for a loan.
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The three types of scaffolds are ________________.
a. supported, needle beam, and two point suspension
b. supported, two point suspension, and aerial lift trucks
c. supported, aerial lift trucks, and "cherry pickers"
d. supported, suspended, and aerial lift trucks
Answer:
The answer is d: supported, suspended, and aerial lift trucks
Explanation:
An elevated temporary work platform is called a scaffold. Scaffolds can be divided into two categories:
Supported scaffolds are made up of one or more platforms that are held up by rigid parts like, for example, poles, frames and legs.
The scaffolds that hang from ropes or another pliable, above support, consisting of one or more platforms are suspended scaffolds
Aerial lifts, in particular, can be thought of as different kinds of supported scaffolds.
The ______ cost of any resource used to produce a good is the value or worth the resource would have in its best alternative use.
Answer:
The answer is economic
Explanation:
The Economic cost of any resource used to produce a good is the value or worth the resource would have in its best alternative use. Hence, the gap is filled.
What does Economic cost signify?Economic Cost has been widely used over the period of time by various individuals, mainly Economists, to better understand the various products and their usage in the market.
Economists have worked for individuals over a period of time and have also set prices for some commodities. The economic cost generally suffices to the fact that whether the goods have earned profit or have incurred a loss. The economic cost is very much beneficial for the companies so that with ease they could monitor whatever the problem is.
Economic cost also includes the opportunity cost which is also inclusive while setting the price of commodities. Hence, the above statement is correct.
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Jack went to the ABC Casino to gamble. ABC offers its customers one free spin of the Million Dollar Wheel if they fill out an application form. Jack filled out the form, spun the Million Dollar Wheel, and won. However, now ABC refuses to pay, claiming that because Jack did not purchase his chance at the Million Dollar Wheel, Jack gave no consideration and therefore, no contract was formed. Identify the accurate statment
As regards Jack's claim, the truth is that C. A contract was formed because filling out an application can constitute legal consideration.
Why is Jack's claim legitimate?Jack may not have purchased his chance at the Million Dollar Wheel, but he was allocated a free spin if he filled a form which he did.
That application form constitutes a legal consideration because it was signed with the promise that he could get a free spin.
Options for this question include:
A. No contract was formed because Jack paid no money for his chance at the Million Dollar Wheel.
B. No contract was formed because ABC did not sign any written contract as an obligation to do so.
C. A contract was formed because filling out an application can constitute legal consideration.
D. A contract was formed because no consideration is needed when a customer takes advantage of a "free" offer.
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Daniel has been working hard all year and just received a bonus check from his employer. Rather than spend
it now, Daniel stores all his money in a high-yield savings account because he is planning to buy a boat in
the future. Daniel is using money as a
a: store of value
b: medium of exchange
c: source of inflation
d: unit of account
Answer:
Store of Value.
Explanation:
Money will successfully function as a store of value when it’s easy to store and it can reliably hold its value over time.
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The statement that best describes a blank endorsement is putting a signature of your name in the endorsement area of the check. Thus, Option C is the correct statement.
What Is a Blank Endorsement?A blank endorsement refers to a signature on a financial instrument together with a check. No payee is specified, so any holder of the instrument ought to declare payment. The signature basically turns the instrument right into bearer security.
That is, it isn't registered to any individual however is payable to the individual that possesses it.
Therefore, The statement that best describes a blank endorsement is putting a signature of your name in the endorsement area of the check. Thus, Option C is the correct statement.
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suppose the price of an important input in the production of books were to increase. what can be concluded about the quantity of books supplied at a price of $16?
The conclusion that can be drawn about the number of books supplied for $16 when an important production input of books increases is that the quantity supplied is reduced.
How do production costs affect supply?When production costs (input) increase, the quantity supplied at a given price decreases.
Conversely, a decrease in production costs increases the quantity supplied.
Thus, the conclusion that can be drawn about the number of books supplied for $16 when an important production input of books increases is that the quantity supplied is reduced.
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A driver brought an action for negligence against a motorcyclist in federal district court arising out of a car accident. The motorcyclist collided with the driver's car after he was unable to brake in the rain while driving down a hill. At the close of all evidence, the motorcyclist moved for judgment as a matter of law. The court denied the motion and submitted the case to the jury. Following a brief deliberation, the jury returned a verdict in favor of the driver, assessing $100,000 in damages. The court then entered judgment against the motorcyclist. Six months later, the manufacturer of the motorcycle issued a product recall for the brakes. The manufacturer had discovered that the brakes did not operate in the rain if the motorcycle was being driven downhill. Neither the manufacturer nor the motorcyclist was aware of this defect during the motorcyclist's trial, despite examination of the motorcycle by experts. At this point, what is the appropriate motion for the motorcyclist's lawyer to file
Given the case that is presented here the best thing for the lawyer to file would be a Relief from judgment.
What is a relief from judgment?This can be described as the motion that is made to a law court that has them asking for the correction of a mistake that was made in the given judgment.
This could be as a result of certain mistakes and oversights. From what is read here, neither the manufacturer or the cyclist was aware of the defect at the time that the trial was ongoing.
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A person who buys a piece of new furniture, finds it damaged, and says nothing because he doesn't want to confront the retailer, is engaging in the personal conflict style of:
A person who buys a piece of new furniture, finds it damaged, and says nothing is engaging in the personal conflict style of: avoiding.
What is avoiding personal conflict style?Avoiding personal conflict style can be defined as the way in which a person choose to avoid any form of conflicts.
A person with avoiding personal conflict style personality will tend to always run away from conflict rather facing the conflict just as in the case of the scenario given.
Therefore he is engaging in the personal conflict style of: avoiding.
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A company that has socially responsible human resources management is Multiple choice question. likely to perform better financially likely to perform worse financially going to lose money by providing pay raises going to save money by not hiring those who are disabled
A company that has socially responsible human resources management is likely to perform better financially
What is social responsibility?Social responsibility include an individual contribution to his or her environment.
When a company is socially responsible it means the company is contribute immensely t the social life of the employee and the environment.
They will perform better financially because they will always get positive feedback for every of their investment towards their staff.
Therefore, A company that has socially responsible human resources management is likely to perform better financially
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If you have an orientation where you read manuals and fill out paperwork, it is probably a _____. a. new hire orientation b. interactive orientation c. reorientation d. mentorship please select the best answer from the choices provided a b c d
If you have an orientation where you read manuals and fill out paperwork, it is probably new hire orientation. Thus option A is correct.
What is orientation?The process of acclimating freshly hired personnel to their new office is called orientation. It gives staff members the fundamental organizational knowledge they require to feel ready for their new workgroup, division, and job within the company.
As there will be new people or employees who will be coming to get the job. So it will be a necessity to give them information about the company.
Also what will be their job or what are the rules and regulations is to be told to the employees. Therefore, option A is the correct option.
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Blank include long term investments such as real estate and retirement savings
A capital market is the market that include long term investments such as real estate and retirement savings.
What is a capital market?This refers to financial system that is particularly concerned with raising capital by dealing in shares, bonds, and other long-term investments.
Hence, because real estate and retirement savings forms part of long-term investments, they are part of capital market.
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Answer: Nonliquid assets
Explanation:
A local customer service firm requires prospective employees to take an emotional intelligence test that measures their ability to monitor their emotions and others' emotions and use that information to guide their actions. The measure has high predictive validity for exemplary job performance. Which statement is likely true about new hires who score high on this measure
It is most likely that new hires who score high on the emotional intelligence test b. receive good job evaluations.
What would a high score infer?A high score on a test that usually predicts how well a person will perform in their job means that there is a good chance that the person being evaluated will be a good employee.
Such an employee would therefore have good job evaluations as these measure how good a job they do at work.
Options for this question include:
a. They receive bad job evaluations.
b. They receive good job evaluations.
c. They will be terminated early.
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Arthur's parents own a home appliances business. His parents along with his three older brothers manage the business together. They want Arthur to help with the business once he graduates. Arthur has agreed to join the family business without putting much thought into this decision. In this scenario, Arthur is in the status of identity referred to as Group of answer choices identity diffusion.
Arthur is in the status of identity referred to as identity foreclosure.
What is Identity foreclosure?Identity foreclosure can be defined as the stage of self or identity discovery in which a young person identify what they are capable of doing but they are yet to experience other available options.
Hence, he agreed to join the family business without thinking about his decision because he is in identity foreclosure stage.
Therefore Arthur is in the status of identity referred to as identity foreclosure.
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Which of the following is correct regarding expectancy theory? Group of answer choices Effort is only useful in improving motivation levels in employees with specialized jobs. It proposes that highly repetitive tasks directly increase employee attentiveness and decrease absenteeism. It states that work effort is directed toward behaviors that people believe will lead to the most favorable outcomes. Effort is made up of three independent components of which only one component affects motivation.
"An effort is only useful in improving motivation levels in employees with specialized jobs" is correct regarding expectancy theory.
What is expectancy theory?Victor Vroom of the Yale School of Management put forth the expectation hypothesis in 1964. According to the expectation theory, a person's motivation is determined by their level of desire for a reward, their assessment of the likelihood that their efforts will result in the expected performance (Expectancy), and their conviction that their efforts will pay off once they meet their expectations (Instrumentality).
Expectancy is the conviction that stronger efforts will yield better results. Expectations are affected by things like having the necessary skills to do the job, having access to the resources you need, being able to receive the information you need, and receiving the necessary support to get the task done.
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Dan is creating a survey for his company. The question he is currently working on asks his business-to-business customers to describe the ideal purchasing transaction. Dan is utilizing a(n) ________ question.
Dan is utilizing an open ended question. Thus option (C) is correct.
What is open ended question?Open ended questions are the questions which can answered in the statement. It is not the yes or no type of the question or the type of the static question.
The complete question is attached below.
Open-ended questions require the respondent to elaborate on their points rather than receiving a simple "yes" or "no" response.
The Feedback is received from clients in their own words rather than canned responses, open-ended questions assist in thinking about situations from customers perspective. Thus option (C) is correct.
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