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lions [1.4K]
2 years ago
15

The negative impact of the coronavirus as one of the socio- economic issues on businesses ​

Business
1 answer:
nirvana33 [79]2 years ago
5 0

Answer: reducuced workforce across all economic sectors and caused many jobs to be lost.

Explanation:

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Which of these is NOT an example of a fixed expense in a budget?
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D) expenses for a birthday party
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When there is a decrease in the price of a goodthe demand curve will shift to the right.The elasticity of demand will determine
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Answer: The elasticity of demand will determine the degree to which quantity demanded rises.

Explanation:

Acc. to the law of demand, demand for a normal good is negatively related to its price. When price of the good falls, quantity demanded rises.

Price elasticity of demand shows us the magnitude of change in quantity demanded to a change in the price of the good.

So, when price falls, elasticity will show us by the degree to which quantity demanded rises.

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The amount of money you can charge to a credit card is called:
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Whee would I go in excel if I wanted to fill and entire cell with 1 color
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1. What might most reasonably account for the differences in labor relations at the NFL and the NBA versus the MLS? Explain in d
Nookie1986 [14]

2. Athletes Sacrifice a Lot

Professional athletes sacrifice important aspects of their lives, especially their health and family. For instance, during each season of any professional sport, there are away games that keep players from their families. More significant, though, is that players put their bodies in danger daily. Physical injury can leave professional athletes handicapped or disabled for the rest of their lives; NFL players who experience multiple concussions can suffer from progressive degenerative disease that causes dementia and depression.

Additionally, while most teenagers or college-age students spend their free time studying, working or hanging out, student athletes aiming to qualify for the pros spend all of their free time training. Thus, professional athletes’ salaries are a fair compensation for the countless time and energy they put into training and the huge health risks they take, especially considering that their careers typically end around the age of 35.

Franchise Players Sell More Tickets

Professional sports is a money-earning business. Sports teams know that to stay profitable they need to win, which is why they sign the best players available. Quality superstars, or “franchise players,” are the face of the team, the on-court leaders. They make their teammates better, thereby improving the whole team (think Tom Brady, Kevin Durant, etc.). This leads to more wins and, in turn, more viewers, more merchandise sold and increased brand worth. Usually, a team has one franchise player, who makes a huge salary, arguably more than his projected value, since he drives the team’s business profitability forward.

The amount of money that team owners are willing to pay franchise players often comes at the expense of the other players. However, with fans willing to pay more than 100% premiums on tickets to see individual players, like LeBron James, franchise players have extra responsibility to live up to their star power. They also have the celebrity effect, which draws more paying fans in. Therefore, they deserve to earn more.

Athletes Don’t Get Paid As Much As We Think

While the highest paid athletes draw more attention, the truth is that most athletes are fairly paid. Plus, we tend to forget that published professional athletes’ salaries are gross salaries. While these may seem huge, so are the deductions from them. Aside from federal, state and city taxes and pension, which everyone pays, players also need to pay agent fees, a $10,000 union due, and a Jock Tax for each of their away games, among others. Sure, their net salaries may be higher than ours, but they are still lower than we tend to think and much lower than what is published. For instance, Stephen Curry’s and LeBron James’s net salaries are “only” $15.2 and $16.7 million, respectively, which is much lower than the $34.6 and $32.8 million per year we all think they make.

Why they shouldn't be paid as much:

It Threatens the Future of Sports

In 2016, the average annual income for a US household was $57,617 while the average income of a professional athlete in the major leagues was between $2.1-$6.5 million. The rising gap between the average American’s income and a professional athlete’s income might pose a serious threat to sports. With ticket prices gradually rising, not to mention merchandise price tags, sports fans might feel resentful toward funding overpaid athletes. If so, they’ll stop paying to watch or support professional sports teams, leaving the industry in the lurch.

It Diminishes the True Meaning of Sports

The large amounts of money invested in professional sports in recent years has the potential to drain the true meaning from sports. Given athletes’ large salaries, more youngsters want to become professional athletes – but for the big money, not for the love of the game. This change in purpose has a negative impact on athletes’ ambition to play. Take Albert Haynesworth of the Washington Redskins. Once he signed a $100 million contract with a $44 million guarantee, he had his worst season ever; it seemed like he simply lost interest in the game. Professional athletes competing for money rather than for excellence will take the soul and magic out of sports, ruining it in the long run – for athletes and for fans.

3. Article 1, Section 6, of the Florida Constitution sets forth everyone's right to work in our state. This means that an employer cannot refuse to hire, or terminate you, just because you do not want to pay and participate in a union. ... You have a right to work which is unaffected by union membership.

I personally have nothing against this because I think it is something that benefits more than anything! Also, recent Gallup polling finds Americans support right-to-work laws by a 71 percent to 22 percent margin—better than 3 to 1. Independents support right-to-work laws 77 percent to 17 percent, Republicans support them 74 percent to 18 percent, and Democrats support them 65 percent to 30 percent.

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3 years ago
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