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2 years ago

When a union in the U.S. is able to sell its labor to for-profit businesses, those business are likely to ________.

1 answer:

amm18122 years ago

6 0

If a union is able to sell its labor to a for-profit business, then the business is likely to D. pay wages above the market equilibrium for wages.

<h3>What do unions do?</h3>

Unions negotiate a higher rate of pay for their member thanks to their power to initiate industrial actions.

this means that when they are able to get a company to hire their members, that company would likely pay above the equilibrium wage in the market.

Options for this question at:

A. pay wages exactly where the demand and supply labor curves intersect

B. pay wages below the market equilibrium for wages

C. pay wages matching the preferred equilibrium wage chosen by these businesses

D. pay wages above the market equilibrium for wages

Find out more on the role of unions at brainly.com/question/881501.

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Jeff is an entrepreneur who decided to start an online bakery. Since all his business will be done online and he can bake in his

nekit [7.7K]

Answer:

competition

Explanation:

In simple words, competition refers to the tendency of two or more parties to perform better than one another for the sake of own personal benefits. In business, competition can be done from various perspectives like price or quality.

In the given case, Jeff has been producing at a lower cost but despite of earning high profits he is willing to sell for lower prices with the motive of competing in the market and gaining higher market share.

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3 years ago

Groups that have a strong interest in the success and outcomes of a business, such as employees, neighbors, or government regula

timama [110]

Stakeholders are those groups that have a strong interest in the result of the project or a business.

<h2>What are stakeholders?</h2>

A stakeholder is a person or a group that has a vested interest in the course or outcome of a business and has a direct or indirect effect on the business or participates in it in one way or another.

<h3>Characteristics of stakeholders:</h3>

It is any internal and/or external person or organization that has or may have the capacity to affect the activity of the organization.

Stakeholders are members of the organization itself (managers, employees, shareholders), suppliers, consumers, neighbors and the market.

Therefore, we can conclude that all stakeholders can be classified according to their interest in the company's mission.

Learn more about stakeholders here: brainly.com/question/6867919

5 0

3 years ago

Can you breifly explain why stockholders' investment and revenues increase stockholders' equity, while dividends and expenses de

Scilla [17]

From an accounting standpoint, stockholders' investment and revenues increase the assets of the company without adding to the liabilities. Therefore according to the equation (A = L + E), equity must increase.

Similarly, issuing dividends and paying expenses pays cash out of the company, which decreases assets without changing liabilities. Therefore equity must decrease.

Another way to think of it is: what contributes to the company's profit and/or value, and what decreases these things? Well, revenues and people investing in the company are good (and therefore good for stockholders), and giving cash out and paying expenses are costs to the company (and therefore decrease value for stockholders).

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3 years ago

What is the appropriate fiscal policy when an economy goes into recession?

notsponge [240]

The appropriate fiscal policy for when an economy goes into recession would be the expansionary fiscal policy.

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3 years ago

Prepare a multiple-step income statement for Armstrong Co. from the following data for the year ended December 31. Sales, $755,0

OLEGan [10]

Answer:

See explanation

Explanation:

Armstrong Co.

Multi-step Income Statement

For the year ended, December 31, 20YY

Sales $755,000

<u>Less: Cost of merchandise sold (330,000)</u>

Gross Profit $425,000

Less: Operating expenses

Administrative expenses $35,000

Selling expenses $50,000

<em><u>Total operating expenses $85,000</u></em>

Income from operation $340,000

Other revenue and expenses:

Rent Revenue $25,000

interest expense ($30,000)

<u>Total other revenues (expenses) $(5,000)</u>

Income before taxes $335,000

<u>Less: Income Tax 0</u>

Net Income (loss) $335,000

That is the appropriate way to prepare a multi-step income statement

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3 years ago