After every service rendered, there is a payment for it. when it is hourly, it is termed wages, when it is monthly, then, it is called salary.
Wages are defined as ______. a) financial rewards based on the number of hours the employee works or the level of output achieved
<h3>Wages</h3>
Wages a payment usually of money for labor or services usually according to a contract and on an hourly, daily, or piecework basis.
Therefore, the it refers to rewards based on the number of hours the employee works or the level of output achieved.
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Answer:
$25
Explanation:
The production cost is $275.
The selling price is $250
The loss/profit will be: Selling price minus cost price
=$250 - $275
= -$25
A loss of $25.
If this is the cost for all the 135 TVs, then the loss is only $25.
N:B
If the costs are for one TV, then the loss will be $25 x 135=$3,375
Answer:
B) Good economists must possess a rare combination of gifts.
Explanation:
Economics is a social science that focuses on studying scarcity. Since all resources are scarce, economics tries to determine how to allocate resources more efficiently in order to produce the most possible benefits. We are all economists whether we like it or not. When we spend our money (scarce resource) we try to get the largest benefit out of it, the same applies to our time. We decide to study for a test and get a good grade, or simply take a very long nap.
The problem with economics and all social science, is that they are not exact. There is no possible way a scientific research can be done that includes all the economy, there are simply too many billions of transactions and different combinations that it is impossible to do it. Some microeconomics studies can be carried out but only considering a single company or industry and few factors.
Economists must base their research upon past events and develop models that can predict future events. Sadly but true, even meteorologists have a higher percentage of correct predictions than economists.
The few good economists must be very good at math, history, politics, philosophy, psychology, developing abstract ideas and make them concrete ideas, and last but not least must be able to explain all of this to others and convince them.
The problem with applying economic models to the real world are the changing expectations of the general public (psychology and philosophy). One of my teachers had a great saying, "the mouth is the most sensitive organ in your body, but your pocket is by far the most sensitive part".
Answer:
cognitions
Explanation:
The cognitions component of attitude refers to the opinion a person has about an object. According to this, the answer is that the statement "Automobiles manufactured by this brand are the safest" is an example of the cognitions component of attitude as the sentence shows the belief the person has about that brand.
Answer:
The correct answer is letter "C": The competitive environment.
Explanation:
Competitive corporate environment refers to the natural rivalry atmosphere companies face while offering a good or service that is similar to one other firm provides. This environment pushes firms to constantly be looking for improvements in <em>product quality, price by reducing their costs, </em>and <em>customer service.
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Also, competition is what drives institutions to pursue having a competitive advantage that will allow them to step up.
