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1 year ago

The united auto workers is an example of a(n) union.craft industrial occupation and associational

1 answer:

3 0

The United Auto Workers is an example of an industrial union. It is based in Detroit, Michigan, and it represents workers in the United States, Canada, and Puerto Rico.

The United Automobile Workers (UAW), officially known as the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America, also known as the United Automobile, Aircraft and Agricultural Implement Workers of America (1941–62) and the United Automobile Workers of America (1935–41), is a North American industrial union for workers in the automotive and other vehicular industries. The Committee for Industrial Organization (CIO) made attempts to organize workers in the automotive industry, which led to the formation of the United Automobile Workers. Representatives of the automotive industry refused to compromise up until the National Labor Relations Act (Wagner Act) was passed in 1935. In retaliation, the rank-and-file organizers of the union planned "sit-down" strikes that were similar to those that had been successful in France.

Learn more about United Automobile Workers (UAW), here

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1. Unions have been in decline since the 1960s because of

Answer: A. foreign competition.

Explanation: Unions were often conducted in the past in order to protect workers from "arbitrary decisions" of employers. Such decisions resulted to the laying off of workers and cutting of wages. On the contrary, business owners have a different goal. They wanted to make more profit by cutting the wages, so they didn't like the unions. However, unions have been in decline in the 1960s, mainly because of international/foreign competitions. This is because the "bargaining power of the unions as they represent the employees were reduced."

2. When a bank evaluates a person for a loan, what does the word "capacity" refer to?

Answer: C. The ability to make payments on time.

Explanation: A bank evaluates a person for a loan according to his "capability to pay" the loaned amount. It is not according to his willingness to pay, but to his "ability to return the money." In order to know whether a person is capable of repaying the money on time, the bank analyzes the borrower's gross income and his debt.

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3 years ago

You can invest in an account that pays simple interest or an account that pays compound interest. In either case, you plan to in

trasher [3.6K]

Answer:

You will receive $201.38 more interest if the investment is made with a compound interest rate rather than a simple interest rate.

Explanation:

Simple interest rate

We can calculate how much interests you'd obtain if you deposited the $2,600 in a simple interest rate account.

We start using the following formula for calculating the simple interests:

$I=P * r$

Where:

I are the interests per year,

P is the amount being invested,

r is the interest rate.

Replacing in the formula with the given values we have:

$I=2600*0.05=130$

We then proceed to multiply this result by the given number of years, which is 8. We get $130*8=1040$ .

Finishing with the simple interest rate, if we wanted to know how much is the investment worth at the end of a 8 year period, we must merely add the principal (the $2,600) to the total interests after the end of the period ($1040). So $2600+1040= 3640$ .

We'll use these results later.

Compound interest rate

The formula for compound interests is the following:

$I=P(1+r)^n$

Where:

I is the value of the investment after n years,

P is the principal amount being invested,

r is the interest rate,

n are the number of years the investment is compounded.

Replacing in the formula with the given values we have:

$I=2600*(1+0.05)^8=3841.38$

After the 8 year period, the investor will have $3841.38 in it's compounded interest account.

Comparing these results

We can simply substract the value of both investments at the end of a 8 year period, to determine how much more interest does the compound interest rate account give in relation to a simple interest rate account.

The values we've gotten were:

$3,640 for the simple interest rate account, and

$3,841.38 for the compounded interest rate account.

$3841.38-3640=201.38$ . Therefore the answer is: the account that pays compounded interests will pay $201.38 more to this invididual, compared to an account that pays simple interest.

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The answer (A)

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