Answer:
The correct answer is letter "D": when the actual price is less than the standard price.
Explanation:
Direct labor rate variance compares the existing direct labor costs and normal direct labor costs over the same operating period. Favorable variance in the labor rate can be caused by hiring more unskilled employees, reducing the minimum wage, and incorrectly setting indirect labor costs. Favorable variance takes place when the <em>costs of direct labor are efficient or lower compared to the standard</em>.
Answer:
c. wages may stay at above-equilibrium levels for an extended period of time, thus keeping unemployment high.
Explanation:
Sticky wage theory -
According to this theory , the payment of the employees have a slow response for the change in the performance of the company or the economy .
From this theory , as the unemployment increases , the wages of the employed candidates tends to remain same or increases very slowly due to to decrease in the demand of the labor .
In this case , the wages are sticky - down , as they move up easily but get down with difficulty .
Answer:
-1.0
Explanation:
Diversification in a portfolio refers to spreading investments in such a way so as to minimize risk.
The correlation coefficient r between two securities signifies how return from one security is related with another security. For example, two securities of the same sector may move in the same direction or positively correlated as in if price of one rises, the price of other rises too maybe not by the same margin.
In case of a negative correlation, the security returns move in opposite directions i.e the securities are least related to one another.
Maximum diversification is achieved when r is equal to -1 i.e the two stocks move in opposite direction by the same magnitude.
Answer:
I agree
Explanation:
I don't really see that there's a question being asked.
