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mylen [45]
3 years ago
9

The efficiency wage​ ______. A. is paid by firms who​ can't directly monitor the work effort of their employees B. is equal to t

he minimum wage C. results in a high labor turnover D. does not motivate employees
Business
1 answer:
lubasha [3.4K]3 years ago
6 0

Answer:

A. is paid by firms who​ can't directly monitor the work effort of their employees

Explanation:

The efficiency wage refers to a wage that is greater than the equilibrium wage which firms pay to employee voluntarily in order to bring about higher productivity and profits.

The efficiency wage is usually paid in order to avoid "shirking" (screwing around) when it is not possible for firms to directly monitor the work effort of their employees.

Screwing around implies wasting time by enganging in  unproductive activity.

Therefore, the theory of effiiciency wage predicts that amployees are motivated to harder ans smarter when they are paid an efficiency wage when it is not possible for firms to directly monitor the work efforts of the employees.

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Frank and Bridge Books is a book reseller that has both a heavy online presence and 30 physical bookstores. Frank and Bridge Boo
NISA [10]

The Frank and Bridge Books is a book reseller that has both a heavy online presence and 30 physical bookstores. Frank and Bridge Books is an example of a click-and-mortar business. Therefore, option C is the correct option.

<h3>What is a business?</h3>

A business is an economic activity that includes the purchasing and selling of manufactured products and services which take place in exchange for currency.

There are many businesses in the world with different purposes and reasons. The owners of the businesses decide upon the vision and work in order to achieve that vision.

Since then, Frank and Bridge Books is a book distributor with 30 physical bookstores in addition to a sizable online presence. A good example of a click-and-mortar company is Frank and Bridge Books. As a result, choice C is the best one.

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7 0
2 years ago
A clothing company is considering raises for employees. The raises are based on job performance. Based on the table, which emplo
lana66690 [7]

Answer:

Employee B

Explanation:

I say this answer mainly because it says based on Work Performance, which is the key to this problem. It doesn't matter where they went to school if its not based on education.. Employee B had the better productivity

7 0
3 years ago
Read 2 more answers
Since 2009, job growth in the Internet-media sector has increased by what percentage?
navik [9.2K]

Answer:

The answer is 31%

Explanation:

Hope you have a great day

5 0
2 years ago
Monty has launched a company with the help of crowdfunding. He wants to secure the computer algorithm that he uses in his primar
ohaa [14]

Answer: A. Utility Patent

Explanation:

Generally speaking there are 3 types of patents including Utility, Design and Plant Patents.

The relevant patent here however is the Utility Patent.

Utility Patents enable the protection of a NEW and USEFUL process, product or machine. It is essentially meant to protect inventors and their invention from others who may seek to use the invention in any way without permission.

Algorithms fall under this patent as well and as such it is best that Monty uses it.

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3 years ago
The negative effect of innovative ride-sharing services, such as Uber and Lyft, on traditional taxi cab companies is an example
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Creative destruction; People have always used taxis to go around town, but now services like uber, lyft, etc. are replacing them, creating a creative destruction as the negative effect of innovative ride-sharing services.

What is creative destruction?

The process of continuous product and process innovation in which new production units replace outmoded ones is known as "creative destruction." Major areas of macroeconomic performance are affected by this restructuring process, including long-term growth, economic volatility, structural change, and the operation of factor markets. Nearly the long term, the creative destruction process is responsible for over 50% of productivity increase. Recessions cost more than upturns do when restructuring declines as it does at business cycle frequency. Inhibitors to the creative destruction process include have negative macroeconomic effects both immediately and in the future.

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2 years ago
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