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Nikitich [7]
3 years ago
9

A country has passed a law setting a minimum wage for factory workers 5% below the equilibrium price. How will this law impact t

he labor market?
A.) The law will likely cause a shortage of labor.
B.) The law will likely increase unemployment.
C.) The law will have no impact on the market.
D) The law will increase prices without affecting quantity.
Business
1 answer:
ella [17]3 years ago
6 0

Answer:

C.) The law will have no impact on the market.

Explanation:

The minimum wage refers that the producers could charge high amount as compared with the wages i.e. minimum also the equilibrium wage would be more than the minimum wage so this represents that the market is an equilibrium point and hence there is no impact on the market

Therefore the option C is correct

And, hence all the other options are wrong

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Which statement is false?
Llana [10]

Answer:

The statement which is false is the no matter that whether perpetual inventory system or periodic system is used by company, but all the companies require to evaluate inventory quantities at the end of the accounting period.

Explanation:

The statement is false because the companies does not require to determine or assess the inventory quantities at each accounting period.

Therefore, the correct option is C.

5 0
3 years ago
When corruption is evident in governments the result is that
valentinak56 [21]

Answer: Industries have more difficulty opening since they will have to resort to bribes from government people.

Explanation: When corruption is very marked in a country, many people know that the way to obtain benefits is through certain bribes. In the case of industries, in order for them to open they have to resort to bribes made by government personnel to have the opportunity for their construction to take place.

8 0
3 years ago
During the summer months, the local drug store displays everything needed to make s'mores at the front of the store in a campfir
monitta

Answer:

D: Loss leading

Explanation:

Loss leading or the loss leaders is the concept where we decree the price of certain well known and popular products to such a level that customers are amazed. We even start selling that product below its cost as well. The basic logic behind loss leaders is to increase the store traffic and therefore increasing the sales. For example, if everyone is selling eggs at $2 per dozen, and you get it at $1.5 from the whole seller then you can either sell it at the same amount on which you purchasing it from the whole seller, at $1.5 or even below than this at £1.3. People knows that eggs are usually sols at $1.5 but your concept of loss leading will attract them towards your store, and besides purchasing eggs at $1.3, they will also but many other high profit margins products as well.

4 0
3 years ago
In order to be considered a legal owner of a public company, a person or organization must _____
olga_2 [115]

In order to be considered as a legal owner of a public company, a person or an organization must hold or own at least one stock of such public company.

<h3>What is the significance of a legal owner?</h3>

A legal owner can be referred to or considered as a person who is the owner of a property, whether movable or immovable, in the eyes of the laws. A legal owner is better than any other owner for having the right to own, possess, and sell such property.

In case of a public company, a legal owner will be someone who owns the stock of such company, irrespective of the quantity of stocks held by such owner.

Therefore, the significance regarding a legal owner has been aforementioned.

Learn more about a legal owner here:

brainly.com/question/27962043

#SPJ4

3 0
1 year ago
How important is structure/culture compared to the other primary internal considerations for a strategic plan?
ZanzabumX [31]

Explanation:

The organizational structure and culture are essential for the design of a strategic plan aligned with the organization's purpose.

What happens is that the structure and culture of an organization constitute its identity, its way of organizing itself and creating an environment designed to obtain the objectives and goals stipulated by strategic planning. So it can be said that there is no way to develop a strategic plan without considering the structure or culture, because it is through these two variables that action plans are developed and modeled according to what the company is, and what it plans to be in the future. All organizational systems must be foreseen in the planning and be developed with the same degree of importance, because together they form the organizational whole that will lead a company to be well positioned in the market, achieve continuous improvement in its processes, achieve competitive advantage in the market, etc.

7 0
3 years ago
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