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makvit [3.9K]
3 years ago
6

An explicit written agreement is not required in order to form a legal partnership. true or false

Business
2 answers:
ArbitrLikvidat [17]3 years ago
5 0
This is false no law requires a agreement <span>to form a legal partnership</span>
Stells [14]3 years ago
5 0
No you dont. in some cases yes. but as far as law no not always
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In a Bring Your Own Device (BYOD) policy, the user acceptance component may include separation of private data from business dat
disa [49]

Answer:

True

Explanation:

Bring your own device policy is  is a policy whereby companies allow employees to use their  laptops, smart phones, tablets and the likes for official purposes. It is mostly used by small scale firm who can't afford to get all of these gadgets for their workers. Separating of private data and business data included in the acceptance component will help to maintain confidentiality of company's files that are on the employee's device.

6 0
3 years ago
Which of the following statements are reasons why operations management is important?
mafiozo [28]

Answer: D. All of these are reasons why operations management is important.

Explanation: Operation management is concern with converting materials and labor efficiently into goods and services for profit maximization. It is the administration of business principles in creating the highest level of efficiency within an organization.

Efficient and productive operation drives the economic well being of nations, Operations management is responsible for much of the value created by organizations and a key source of competitive differentiation among firms, are reasons why operation management is important.

7 0
2 years ago
Describe the difference between multitasking and combining tasks.
Alika [10]
Multitasking means doing two task at the same time without disturbing any of the two task.
Combining tasking means doing the task by combining means like...both of them are processing one after one for a little bit of time...
5 0
3 years ago
Read 2 more answers
Which of the following statements are true? Check all that apply. In this labor market, a minimum wage of $9.00 is binding. In t
soldier1979 [14.2K]

Answer:

<em>1.  In this labor market, a minimum wage of $9.00 is binding : </em><em>FALSE</em>

<em>2. In the absence of price controls, a shortage puts upward pressure on wages until they rise to the equilibrium : </em><em>TRUE</em>

<em>3. If the minimum wage is set at $12.50, the market will not reach equilibrium : </em><em>TRUE</em>

<em>4. Binding minimum wages cause frictional unemployment : </em><em>FALSE</em>

Explanation:

<em><u>Question has been attached here</u></em>

Unemployment is the term used to define those who are willing and are actively seeking work but cannot find any. A minimum wage is a price control, in the form of a price floor imposed by government legislation in order to protect laborers from low wages. Paying anything below the minimum wage is against the law.

<em>1. In this labor market, a minimum wage of $9.00 is binding : </em><em>FALSE</em>

A minimum wage is binding only if it is set above the equilibrium price. In this scenario, the equilibrium price is at $12. Hence, $9 is not binding since a shortage of labor would gradually raise the price to the equilibrium.

<em>2. In the absence of price controls, a shortage puts upward pressure on wages until they rise to the equilibrium : </em><em>TRUE</em>

When there is a shortage in the market, it means that the quantity supplied is higher than the quantity demanded. With any particular commodity such as bread or rice, a shortage creates a rise in price. Just as that, a shortage of workers creates an upward pressure on the price (wage). Since there are no price ceilings, market will reach equilibrium.

<em>3. If the minimum wage is set at $12.50, the market will not reach equilibrium : </em><em>TRUE</em>

As shown in the diagram, the market equilibrium is $12. If the minimum wage was $12.50, there would be a surplus of labor (quantity supplied is higher than quantity demanded). Naturally, this may cause a downward pressure on wages until it reaches $12. However, when a minimum wage is imposed at $12.50, it cannot fall below that level. Thus, the market will not reach the equilibrium.

<em>4. Binding minimum wages cause frictional unemployment : </em><em>FALSE</em>

Frictional unemployment is a type of unemployment that occurs when workers are temporarily unemployed while switching between jobs. It is normal and occurs even in the healthiest of economies. A binding minimum wage is more likely to cause structural unemployment. This occurs when there is a mismatch between the skills of the labor force and the skills expected to be possessed by employers to do a particular job. Hence, even if jobs are available, the laborers are not suited to do them and thus are unemployed.

6 0
3 years ago
If the expected sales volume for the current period is 7,000 units, the desired ending inventory is 400 units, and the beginning
Ksivusya [100]

Answer:

7,000 units

Explanation:

Calculation for the number of units set forth in the production budget, representing total production for the current period

Using this formula

Number of units =Current period +Ending inventory - Beginning inventory

Where,

Current period =7,000 units

Ending inventory=400 units

Beginning inventory =400 units

Let make plug in the formula above

Number of units =7,000 units + 400 units-400 units

Number of units =7,000 units

Therefore the Number of units will be 7,000 units

5 0
3 years ago
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