Answer:
False
Explanation:
Outside directors are members of the board of directors that are not employees of the corporation. While an inside director is a member of the board that is also employed by the corporation, e.g. CEO.
Corporations are separate entities form their stockholders, that is why limited liability applies to them. The board of directors doesn't have to include stockholders or employees, they usually do, but it is not required by law. Outside directors should very experienced and capable individuals that possess certain expertise that can help the corporation. Also, the board should control and supervise upper management, but if only inside directors were admitted into it, then who would control them?
Answer:
Some of the oligopoly effects are discussed as follows:
i. Restriction on output:
Implies that oligopoly results in small output and high prices as compared to other market structures, such as perfect competition.
ii. Price exceeds average costs:Implies that under oligopoly, there are restrictions on entry of new organizations. Thus, organizations charge prices more than the average costs. Therefore, consumers have to pay more in case of oligopoly market.
iii. Lower Efficiency:
Leads to non-optimum levels of output. This is because the output produced under oligopoly depends on the market share held by the organization. Thus, the oligopoly organizations fail to build the optimum scales of economies and achieve optimum output.
iv. Selling Costs:
Refer to high promotional costs. The oligopolists engage in high promotion tasks to take the share of its rivals. Thus, the resources are wasted in form of high selling costs which do not add to the satisfaction of customers.
Apart from aforementioned points, oligopoly shows the poor performance from various other angles. From the point of economic welfare, it fails to satisfy customers since the price charged is very high, even more than average costs. In addition, sometimes oligopolists may face wasteful fluctuations in output as the output is not determined optimally.
HOPE IT HELPS.
Answering the question, someone with a bachelor’s degree earns <u>1.6</u> times more than someone with a high school diploma
The figures analyzed by the US Department of Education’s National Center for Education every two years show that someone with a bachelor’s degree earn more than a person that possess a high school diploma.
<h2>Further Explanation</h2>
The NCES analysis in 2015, shows that adults with bachelor’s degree <u>$48,000</u> in a year while those with high school diploma earns <u>$23,900</u> yearly.
This analysis also shows that in the last 20 years the salary of someone with a bachelor’s degree has significantly increased while the salary of those with a high school diploma has also reduced significantly.
<u>A bachelor’s degree</u> is an undergraduate degree that is offered by four-year schools such as public, private, online colleges or universities.
Anyone that has a bachelor’s degree clearly shows they have fully and dully completed a general education in a certain major. To earn a bachelor’s degree, you must have fully completed 120 or 128 credit hours
On the other hand, a person will be awarded <u>a high school diploma</u> after graduation from high school. The certificate is mainly awarded by school and it is based on government rules or requirements. The high school diploma is an academic school leaving certificate.
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KEYWORDS:
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- bachelor's degree
Answer: Oral interview
Explanation:
One of the best ways to sell yourself or pitch before a council seated to examining job hunters is by oral interview. During an oral interview, candidates for the job are ask to sell themselves as regards why they think they are best fit for the job, in most cases the qualifications of the candidate plays little or no vital role when they can't defend what they have or can't sell themselves enough to be seen capable for the job.
Answer:
Trade surplus
Explanation:
In business when export is greater than import in monetary terms the situation is called trade surplus.
Trade surplus is a favorable situation in economics. The economic condition of a country is assumed to be better when the country has a trade surplus. The opposite situation in which import is greater than export is called trade deficit.
