9 Advantages to Using Computerised Accounting Systems
Automation. To make sure that all calculations are correct and accurate it is important to use something other than pen and paper. ...
Data Access. ...
Accuracy. ...
Reliability. ...
Speed. ...
Security. ...
Scalable. ...
Visuals.
If there is an increase in labor productivity, there will be an <u>increase </u>in wages and an <u>increase </u>in individuals employed.
If better insurance policies are mandated by the government then wages and the number of people employed will <u>both decrease</u>.
This shows that the entity that actually pays the costs of health insurance premiums is <u>employers</u>.
<h3>What happens when labor productivity rises?</h3>
When there is an increase in labor productivity, employers will demand more employees in order to produce more. This will shift the labor demand curve to the right.
The new intersection of the demand curve with the supply curve will see an increase in the wage rate and in the quantity of those employed in the labor market.
<h3>What happens if better insurance policies are imposed?</h3>
If the government mandates that employers should provide better insurance policies, it means that employers will start paying more in insurance premium contributions.
This increased cost of labor will lead to employers demanding less employees which will lead to a decrease in the wage rate and in the number of those employed.
This shows that employers are mostly the ones who pay for health insurance premiums which is why an increase in these premiums will increase the cost of labor for them.
Find out more on the labor market at brainly.com/question/4389927.
Answer: Decision-Making
Explanation:
Decision-making is the process by which we choose the best perceived alternative to follow after evaluating the available alternatives for their costs and benefits.
These costs and benefits are not only monetary in nature. They can include our values as well as our beliefs and the things we prefer. They also include time as well. Every decision is unique with these and that is why every decision must be evaluated in its own right.