When an economist says that the demand for a product has increased, this means that

Steelweld, a car parts manufacturer, pays employees a higher hourly rate as they learn to master more parts of the work process.

Reptile [31]

Answer:

<u>The correct answer is A. Skill-based pay.</u>

Complete question and statement: Steelweld, a car parts manufacturer, pays employees a higher hourly rate as they learn to master more parts of the work process. Employees earn $10 per hour when they are hired and they can earn up to $20 per hour if they master all 12 work units in the production process. Which of these reward systems is being applied by Steelweld?

A. Skill-based pay

B. Piece-rate pay

C. Job evaluation system

D. Seniority-based pay

E. Membership-based pay

Source: https://www.coursehero.com/file/p6jelia/p-166-Steelweld-a-car-parts-manufacturer-pays-employees-a-higher-hourly-rate-as/

Explanation: It is perfectly clear that this car parts company is promoting the development of skills during the production process. The employee knows in advance that as he or she develops a greater number of skills, he or she will have a better pay. The formula for a better payment is disclosed.

7 0

3 years ago

Caitlin, Chris, and Molly are partners and share income and losses in a 3:4:3 ratio. The partnership’s capital balances are Cait

natka813 [3]

Answer:

Pauls' share in partnership=(131000+91000+111000+171000)*0.15%= $75600

Balance in Caitlin’s capital account immediately after Paul’s admission = 131000-(75600-71000)*30%= $129160

6 0

3 years ago

Correct identification of the underlying root cause is the desired outcome of the ________________ approach to problem solving.

Citrus2011 [14]

Answer:

Letter A is correct. <u>Cause-oriented.</u>

Explanation:

A cause-oriented approach to problem solving is a method characterized by focusing on the history of the problem and then thereafter finding the root cause that originated it.

It is a very effective method when used to find solutions to various organizational problems that are apparently unsolved.

8 0

3 years ago

The ________ is determined by the amount by which government spending exceeds government revenue in a fiscal year. budget defici

Amiraneli [1.4K]

The answer to this question is Budget Deficit. Budget Deficit shows that the government spending is exceeding the government revenue in a year. In order to resolve the problem in budget deficit the government should cut the expenditures or the government spending and find a way to increase revenue of the country.

8 0

3 years ago

Consider the following financial statement information for the Hop Corporation:

EastWind [94]

Answer: Operating cycle = 84.70 days

Cash cycle = 41 days

Explanation:

Beginning inventory = $11,100

Ending Inventory = $12,100

Average inventory = ($11100 + $12100)/2 = 11600

Average Accounts receivable = (6,100 + 6,400)/2 = 6250

Average Accounts payable = (8,300 + 8,700)/2 = 8500

Day sales in inventory = Average inventory × 365 / Cost of goods sold

= 11600 × 365 / 71000 = 59.63 days

Average collection period = Average receivable × 365 / Credit sales

= 6250 × 365 /91000 = 25.07 days

Average payment period = 43.70 days

Therefore, operating cycle will be:

= Day sales in inventory + Average collection period

= 59.63 days + 25.07 days

= 84.70 days

Cash cycle = Operating cycle - Average payment period

= 84.70 - 43.70

= 41 days

7 0

3 years ago