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4 years ago

What is the process in which union and company representatives meet to negotiate a new labor contract called?

2 answers:

3 0

The answer to the question stated above is collective bargaining.

Collective bargaining is the process in which union and company representatives meet to negotiate a new labor contract.
It is a negotiation between employees and a group of employers aimed at agreements to regulate working salaries.

Tems11 [23]4 years ago

3 0

collective bargaining.

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You and the other shoe store owners decide to fix your shoe prices at $60 a pair in order to maximize your profits. This is call

igomit [66]

Is called collusion

It's actually price collusion to be precise ( not to be mistaken for the crime collusion)

Often time, to attract customers, sellers will offer a lower price than their competitor. Though it may attract more customer, it will lower their profit.

In price collusion, all sellers is guaranteed to have same product price and profit margin, creating a perfect competition market for that product

6 0

3 years ago

Read 2 more answers

Lois has a balance of $970 on a credit card with an APR of 24.2%, compounded monthly. About how much will she save in interest o

Aleks04 [339]

Answer:

Lois will save $152.51 when she wil transfer her balance.

Explanation:

Amount to be paid in 1 year for original credit card is given as

$P_1^{'}=P*(1+r_1)^t$

Here $P^{'}_1$ is the amount to be paid after P is the balance which is 970, $r_1$ is the APR for first credit card which is 24.2% and t is compounding frequency which is 12 so

$P_1^{'}=P*(1+r_1)^t\\P_1^{'}=970*(1+\dfrac{24.2}{12}\%)^{12}\\P_1^{'}=970*(1.0207)^{12}\\P_1^{'}=970*1.2707\\P_1^{'}=\$1232.61$

Similarly for the second one the values are calculated as

$P_2^{'}=P*(1+r_2)^t\\P_2^{'}=970*(1+\dfrac{10.8}{12}\%)^{12}\\P_2^{'}=970*(1.108)^{12}\\P_2^{'}=970*1.1135\\P_2^{'}=\$1080.10$

The differnce of the two values is calculated as

$P_1'-P_2'=1232.61-1080.10\\Difference=\$ 152.51$

The difference is $152.51 which she could save.

7 0

3 years ago

Read 2 more answers

the life isnurance policy in which dealth benefits last a lifetime but premiums are all paid after a specified time period is an

rusak2 [61]

The life insurance policy in which death benefits last a lifetime but premiums are all paid after a specified time period is a limited-pay whole life policy.

5 0

3 years ago

In the ____________, households work and receive payment from firms. Group of answer choices financial investment market financi

slega [8]

In the Labor Market, households work and receive payment from firms.

Explanation:

The skills of the people will be exchanged with the employers for the salaries or wages and this is called as labor market. Any people who is in need of any platform to show their skills and the organisation that is in need of labor are the main elements of the labor system.

The important source of producing any type of goods is labor. It is the labor market that decides the compensation that is to be made to these labors. Thus, in the labor market, the households work and they will receive compensation from the firm for which they work.

6 0

3 years ago

S Company reported net income for 2013 in the amount of $400,000. The company's financial statements also included the following

inna [77]

Answer:

Net cash Provided by Operating activities = $416000

Explanation:

Using indirect method for Cash flow from operating activities we use following steps to get value of net cash provided by operating activities.

Net income $400000

Add: Depreciation $104000

Less: Gain on Sale of Land -$148000

Less: Increase in Accounts Receivable -$80000

Less: Increase in Inventory -$60000

Add: Increase in Accounts Payable $200000

Net Cash Provided by operating activities $416000

7 0

3 years ago