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elena-14-01-66 [18.8K]
10 months ago
14

An individual who previously worked as a salaried corporate attorney loses his or her job. Subsequently, the individual now work

s as an hourly wage employee at a retail store. This individual has experienced which type of social mobility?.
Business
1 answer:
sleet_krkn [62]10 months ago
4 0

This individual has experienced Vertical type of social mobility.

<h3>What is social mobility?</h3>

Individuals, families, homes, and other groups of people migrate within or between social strata in a society, which is referred to as social mobility. It is a shift of social status in relation to one's current social position within a society.

The ability of people to migrate between socioeconomic strata during their lifetime and between generations is referred to as social mobility. [a] Individual results in nations with minimal social mobility are heavily influenced by their beginning point in life.

The link between a person's occupation or income and their parents' occupation or income is referred to as social mobility. There is less social mobility if there is a strong relationship. There is more social mobility where there is a weak connection.

To know more about social mobility follow the link:

brainly.com/question/6493872

#SPJ4

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Which component of consumption has a negative or indirect relationship with consumption?
Sveta_85 [38]

Answer:

Interest rates

Explanation:

Here are the options to the question : o Interest rates o Real income Real income o Expected future income o Wealth

Disposable income is either saved or consumed. When interest rates fall, savings would fall as returns on investment would be lower and consumption would increase.When interest rates rise, savings would increase and consumption would fall

5 0
2 years ago
Apple Valley Corporation uses a job cost system and has two production departments, A and B. Budgeted manufacturing costs for th
Ksenya-84 [330]

Answer:

For Department A, the manufacturing overhead allocation rate is : 300%

For Department B, the manufacturing overhead allocation rate is : 50%

Manufacturing overhead costs allocated to Job #432 : $30,000.

Explanation:

Apple Valley Corporation uses job cost system and it allocates overhead cost to job on basis of manufacturing labor cost.

1. To identify the manufacturing overhead allocation rate for department A:

(Manufacturing Overhead department A / Direct Manufacturing Labor Department A) * 100

= ($600,000 / $200,000) * 100

= 300%  

2. To identify the manufacturing overhead allocation rate for department B:

(Manufacturing Overhead department B / Direct Manufacturing Labor department B) * 100

= ($400,000 / $800,000) * 100

= 50%

3. To calculate the manufacturing overhead costs allocated to Job #432:

[(Department A direct labor * Manufacturing Overhead department A) / Direct Manufacturing Labor of department A ] + [(Department B direct labor * Manufacturing Overhead department B) / Direct Manufacturing Labor of department B ]

= [( $8,000 * $600,000) / $200,000] + [( $12,000 * $400,000) / $800,000]

= $30,000.

4 0
3 years ago
In a traditional economy decisions are based largely on
Luden [163]
Custom

Hope this helps ;)
5 0
3 years ago
Your godmother put $2,000 in a trust fund for you. In 10 years the fund will be worth $5,000. What is the rate of return on the
damaskus [11]

Your godmother put $2,000 in a trust fund for you. In 10 years the fund will be worth $5,000. 9.60% is the rate of return on the trust fund.

FV =  Future Value

PV =  Present Value

r =  rate of interest

n=  no of period

   

FV/ PV =  (1 + r )^n

5000/2000   =  (1 + r%)^10

2.5 = (1 + r%)^10

r = 9.60%.

The rate of return is the net profit or loss of an investment over a period of time, expressed as a percentage of the original cost of the investment. 1 When calculating the rate of return, find the percentage change from the beginning of the period to the end of the period.

Learn more about the rate of return at

brainly.com/question/3578105

#SPJ4

7 0
1 year ago
Explain the difference between buffet and fast food restaurants.
jek_recluse [69]

Answer:

The difference is that buffets don't actually have to prepare the food quickly.

Explanation:

Buffet can be considered a form of fast food: you walk in and pay, and can then immediately grab whatever you like and eat it.

3 0
3 years ago
Read 2 more answers
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