Answer:
Job evaluation
Explanation:
Job evaluation is the task undertaken by Aaron.
In HR practices, what job evaluation means is that it is a way of determining what a particular job worths, in relation to other jobs.
This action taken by Aaron became necessary because, members of the work force are leaving the company because of their grievances. Top of the reason why they could be leaving could be dependent on the fact that they feel they may be under Paid when they compare what they are earning with the industry standard. This means people in the same job elsewhere are earning more than them. Hence, Aaron had to act fast as a professional and use the process of job evaluation to put his house in order.
Answer:
Murphy Company
The year in which Murphy recognizes the income is year 2.
Explanation:
As a cash basis taxpayer, Murphy Company reports income and deductions in the year that they are actually paid or received. Similarly, as a cash basis taxpayer, Murphy Company deducts expenses in the year the expenses are paid off, which is not necessarily the year they were incurred. The income for services of $9,000 rendered to a customer, for which payment was received on January 3, year 2, will be recognized in year 2 and not in year 1 when the services were performed.
Answer:
They receive goods or services from someone within the organization.
Explanation:
Internal customers works within an organisation to carry out their transaction
Firms would exit the market in the following circumstances:
- Price is less than average cost
- Firms post an economic loss.
The market would remain stable in the following circumstances:
- No firms earn economic profit
Firms would enter the market in the following circumstances:
- Price is greater than average cost.
- Firms earn both economic profit and accounting profit.
A competitive market industry is characterised by many buyers and sellers of identical goods and services. Market price is set by the forces of demand and supply.
In the long run, firms would earn only accounting profit. If a firm earns economics profit in the short run, firms would enter the industry in the long run. This would reduce economic profit to zero.
In the short run if firms earn economic loss, in the long run, firms would leave the market. As a result, economic profit would rise to zero.
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