When workers stop working until management meets certain conditions, the event is called a Strike.
Strikes are usually performed by the workers to put their unfulfilled demands in front of the management and workers intent to continue the strike until their demands are fulfilled or other remedies are given which satisfy the workers.
Hence the correct answer is <u>Strike</u>
Externality is divided into 2 parts:
External Cost or External Benefit.
It is either a cost or benefit incur to someone who did not choose to incur that cost or benefit
For eg:A stone crusher incur external cost which is pollution that affect people living nearby.
Answer:
Supplies would be increased by $1,000
Cash would be decreased by $400
Accounts Payable would be increased by $600
Explanation:
Given that
Supplies costing = $1,000
Out of which $400 is paid by cash
And, the remaining amount i.e
= $1,000 - $400
= $600
This remaining amount would be on account i.e account payable
Since cash is paid so it decreased by $400 and supplies is purchased for $1,000 that means supplies increases by $1,000 and account payable is also increased by $600
Answer:
Rent-seeking is the effort to increase one's share of existing wealth without creating new wealth. Rent-seeking results in reduced economic efficiency through misallocation of resources, reduced wealth-creation, lost government revenue, heightened income inequality, and potential natoinal decline
Explanation:
Rent-seeking is the effort to increase one's share of existing wealth without creating new wealth. Rent-seeking results in reduced economic efficiency through misallocation of resources, reduced wealth-creation, lost government revenue, heightened income inequality, and potential national decline
A contract statement of work is a type of Legal Statement that describes the work in sufficient detail to allow prospective suppliers to determine if they can provide the required goods and services and to determine an appropriate price.
Explanation:
This statement when agreed upon will legally bind the supplier of the required goods or services.
It gives the customer an assurance of the delivery by the accepted prospective buyer that he/she will supplied the desired goods or services mentioned in detail in the contract statement.
