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gayaneshka [121]
3 years ago
15

The article said that experienced workers’ wages often rose? Why would this be so, and what

Business
1 answer:
denpristay [2]3 years ago
7 0

<u>Explanation:</u>

It is true that the experienced workers are skilled workers so they complete the work quickly and efficiently when compared to the less experienced workers. Also the workers with experience have the ability to train the employees with less experience. Experienced workers do more work and they are more productive than less experienced workers so they receive higher wages.

Less experienced workers possess less skills so they are also paid less. training the workers is also a cost to the company so they pay less wages to inexperienced workers.

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All of these are pitfalls an organization should avoid in strategic planning except:_____________.1. using plans as a standard f
Tamiku [17]

Answer:

1. using plans as a standard for measuring performance.

Explanation:

Strategic planning is an important process that enables a business or an organization to have a sense of direction, goal orientation, and also enables them to evaluate and measure progress.

It is important when carrying out the strategic planning process to first focus on clarifying and developing the vision, mission and objectives of the business before moving on to strategy formulation, this helps to give a sense of direction.

In the process of strategic planning, involving key employees cannot be overemphasized. Giving key employees the chance to be involved in the planning process will enable them to connect to the business and set them up for success.

Apart from the fact that strategic planning provides a sense of direction, it also enables a business to outline goals that can be measured, hence providing a standard for measuring performance.

3 0
4 years ago
Which incentives do interest groups engage in to overcome the free rider problem?
slava [35]

Answer:

The correct answer is letter "D": All of these are correct.

Explanation:

The Free Rider Problem refers to someone being able to gap for less or even for free what others pay more for. The problem arises when individuals are unwilling to pay their fair share for something that most others pay for. The problem is more often while talking about public goods. To avoid this issue, some sort of special must be given to consumers such as discounts, promotions for subscriptions or special information online.

6 0
3 years ago
What‘s the main reason our culture has normalized credit cards over the past 60 years?.
harina [27]

We have slowly increased our demand for high-value items and therefore need credit cards rather than cash because carrying around.

For illustration,$ 40k in cash on your way to buy an auto isn't the safest idea. We can change the normalization of debt in the future by tutoring in academic ways to avoid debt and tutoring the true consequences of having so important debt.

Credit is generally defined as an agreement between a lender and a borrower. Credit also refers to an existent's or business's creditworthiness or credit history. In account, a credit may either drop means or increase arrears as well as drop charges or increase profit.

credit, which is capitalist that is available for you to borrow, debt is capitalist you've formerly espoused but haven't yet paid back. Credit is simply the capability to acquire debt.

still, you're adding$ 50 in debt, If you use your credit card to make a$ 50purchase. A loan can be considered as a disbenefit balance when the loan is given out by the business while it can be considered as a credit balance when it's taken by the business. Also, read MCQs on Trial Balance.

Learn more about credit here: brainly.com/question/6872962

#SPJ4

7 0
1 year ago
Fast Auto Service provides a lubrication service for cars. It is known that the mean time taken for this
strojnjashka [21]

Answer:

The answer is below

Explanation:

The z core is used to determine by how many standard deviations the raw score is above or below the mean. The z score is given by:

z=\frac{x-\mu}{\sigma}\\\\where\ \mu=mean,\sigma=standard\ deviation, x = raw score

Given that mean (μ) = 15 minutes per car, standard deviation (σ) = 2.4 minutes.

1) For x > 18:

z=\frac{x-\mu}{\sigma} =\frac{18-15}{2.4} =1.25

From normal distribution table, P(x > 18) = P(z > 1.25) = 1 - P(z < 1.25) = 1 - 0.8944 = 0.1056

2) For x < 10:

z=\frac{x-\mu}{\sigma} =\frac{10-15}{2.4} =-2.08

From normal distribution table, P(x < 10) = P(z < -2.08) = 0.0188

3) For x > 12:

z=\frac{x-\mu}{\sigma} =\frac{12-15}{2.4} =-1.25

For x < 16:

z=\frac{x-\mu}{\sigma} =\frac{16-15}{2.4} =0.42

From normal distribution table, P(12 < x < 16) = P(z < 0.42) - P(z < -1.25) = 0.6628 - 0.1056 = 0.5572

6 0
3 years ago
Chang industries has bonds outstanding with a par value of $200,000 and a carrying value of $203,000. If the company calls these
Fynjy0 [20]

If the company calls these bonds at a price of $201,000, the gain or loss on the retirement would be $2,000.

Here,  $203,000 is the net carrying value of the liability - $201,000 is the price the bonds were called at and the price that Chang industries paid to retire the bonds and the associated liability.

Therefore,   $203,000 - $201,000 =  $2,000

The gain or loss on the retirement would be $2,000.

A bond retirement occurs when an organization repurchases bonds that it had previously issued to investors. Thus, the issuer retires the bonds at the scheduled maturity date of the instruments.

Hence, bond retirement involves the cashing out of a bond that has been invested in.

To learn more about bond retirement here:

brainly.com/question/13960495

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4 0
2 years ago
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