1) The percentage of the labor force that belongs to a union is known as the UNIONIZED PERCENTAGE RATIO.
2) The equilibrium wage rate is determined by the point of intersection of labor market supply and labor market demand. Equilibrium wage is the wage where the company agrees to pay and the worker agrees as the value of his work.
3) The effect of union exclusion of nonunion workers is to lower the wages of nonunion workers.
4) A market with one buyer and one seller is a bilateral monopoly. Monopoly is a market with only one seller. Monopsony is a market with only one buyer.
Answer: C. Both parties now have an obligation to their agreement.
Explanation:
When parties get into a contract, they have a legal obligation to each other to fulfill their part of the agreement or the other party will be able to seek redress in a court of law.
Terrance and the bank are now parties to an agreement to provide Terrence with a loan to buy a house. The bank will have to fulfill this obligation by giving Terrence the loan and Terrence will fulfill his side of the agreement by making payments as stipulated in the loan covenant.
The obstacle to defining the research problem was that the company failed in collecting quantitative data /Selection of inappropriate respondent resulted in wrong output.
Explanation:
A research design is a blue print that a company prepares for conducting marketing research .
A firm collects quantitative data by conducting surveys and asking the customers or consumers to fill the forms (questionnaires).These surveys and questionnaires helps the company in making product related decision in various markets.(i.e how to customize the product as per the taste and the preferences of the consumers)
<u>The obstacle to defining the research problem was that the company failed in collecting quantitative data /Selection of inappropriate respondent resulted in wrong output.Hence the company Refrez Inc failed to acknowledge the fact that people in the United States eat cereal with cold milk, whereas the people of China eat cereal with hot milk.</u>
As a result, Refrez Inc witnessed a decline in sales of its product in Chinese market .
Answer:
D) Sold a call option
Explanation:
From the question, we are informed about Steve, who has an option with a payoff profile that depicts a line that is constant at zero up until some point after which the line slopes downward. In this case the type of action did Steve take to obtain this profile is Sold a call option.
a call option can be regarded as a kind of derivatives contract that enable the a call option for those that want to purchase stock or financial instrument the right to buy it at a specific price but not obligation. When a call option is sold, then the buyer is given the opportunity to buy the stock at a particular price with expeiration. The price is known as "strike price".
Answer:
Explained below.
Explanation:
The things I will be concerned about if I am going to buy television ads for my business are given as follows:
* I will choose the right time of the day for the advertisement.
* I will be staying within my budgetary limits as well.
* I will check my ads after it has been posted, just a little component of my ad may be dropping the mark.
