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Furkat [3]
3 years ago
10

"Falling oil prices have caused a sharp decrease in the supply of oil." Speaking precisely, and using terms as they are defined

by economists, choose the statement that best describes this quotation.
a The quotation is incorrect: A decrease in price always causes an increase in supply, not a decrease in supply.
b The quotation is correct: A decrease in price always causes a decrease in supply.
c The quotation is incorrect: A decrease in price causes an increase in quantity supplied, not a decrease in supply.
d The quotation is incorrect: A decrease in price causes a decrease in quantity supplied, not a decrease in supply.
Business
1 answer:
Anna35 [415]3 years ago
5 0

Answer:

The answer is: D) The quotation is incorrect: A decrease in price causes a decrease in quantity supplied, not a decrease in supply.

Explanation:

A decrease in the price of a product or service will always decrease the quantity supplied and increase the quantity demanded of the product. The terms supply and demand apply to the entire curve, not an specific point in them.  

For example, the equilibrium point for milk is 5 million gallons sold at $3 each. If the government suddenly decides that it will place a price ceiling for milk at $2 per gallon (may use argument that it is a necessity good essential for the well being of children) the quantity demanded for milk will rise but the quantity supplied will fall.

That is because not every dairy business will be able to produce and sell milk at $2 and still make a profit (or meet their expected profit levels), so they will either lower their milk production (make substitute products) or go out of business.  

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acme global allows managers time off to attend classes and pays tuition for managers who are pursuing a master of business admin
slamgirl [31]

Option (A) is the appropriate choice. In the pay system, tuition reimbursement is regarded as a benefit.

<h3>Tuition Reimbursement: What is it?</h3>

Tuition compensation (also recognized as training assistance) is a worker advantage through which a corporation pays for a pre-determined amount of continuing schooling credits or university coursework to be applied towards a degree.

<h3>How significant is the compensation system?</h3>

The complete rewards that are offered to employees for their labor and other services to the company are included in the compensation system. In addition to indirect financial benefits, compensation also includes direct financial rewards.

It establishes a foundation for employee happiness and satisfaction, which lowers staff turnover and promotes organizational stability. It improves the job appraisal process, which in turn aids in establishing more reachable and realistic standards.

Learn more about tuition reimbursement here: brainly.com/question/11600567

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3 0
1 year ago
Based on the experiences of Thailand, Kenya and China in promoting family planning, what do you think the key is to reducing pop
ratelena [41]
Family planning is the major point so as to reduce birth rate in the country immigration and emigration
3 0
2 years ago
Supervisors are apt to be directly involved in which activities related to human resources? (Select all that apply) Multiple sel
sergij07 [2.7K]

Supervisors are apt to be directly involved in  activities related to human resources which includes job analysis and design, recommendation of pay increases, performance appraisals, and  employee training.

<h3>What is Human Resources activities?</h3>

Human resource activities refers to all the activities related with manpower in a organisation. These includes recruitment, selection, training and development and performance appraisal.

A supervisor refers to a person who take all the administrative in charge within a company. He analyze and evaluate the performance of each employee and help them in involving in the activities related to human resources.

The responsibility of supervisor includes the needs of organisation, checking the performance of employee and provide them direction and support and encourage communication between employees and employer.

Learn more about Human Resource, here:

brainly.com/question/20749711

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4 0
1 year ago
In July, one of the processing departments at Okamura Corporation had beginning work in process inventory of $26,000 and ending
notsponge [240]

Answer:

Total cost accounted will be $192000

So option (C) will be correct answer

Explanation:

We have given beginning work in process inventory = $26000

Ending work in process inventory = $31000

And cost of units transferred from the department is $161000

We have to find the total cost accounted

Total cost account will be equal to sum of ending process inventory and cost of units transferred out from the department

So total cost accounted = $31000 + $161000 = $192000

So option (C) will be correct answer  

7 0
3 years ago
In 2015, a former Google engineer, Erica Baker, made a spreadsheetshowing pay disparities at the company. She shared the informa
Studentka2010 [4]

Answer:

b. Organizational justice.

Explanation:

In reacting to the allegations that Google engages in "systematic compensation disparities against women" and the request of payroll records by the U.S. Department of Labor in 2017.

Google annually reviews pay levels and denies any disparities against women. In reviewing pay levels, Google's management is focused on organizational justice. The concept of organizational justice was first introduced by Greenberg in the year 1987.

Organizational justice is an organizational concept that describes an employee's perception of decisions, fairness, behaviors and actions with respect to how these employees are affected or influenced both psychologically and other wise at work.

Organisational justice deals with all workplace related activities, ranging from salary to relationships between superiors and their subordinates, equal rights, gender equality and even access to training and promotion.

For the purpose of trust, loyalty and progressive work attitudes, it is very important that organizations prioritize organizational justice.

Hence, if Google focuses on organizational justice, it will help to build trust and address the issue of pay level disparities among its employees.

6 0
3 years ago
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