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quester [9]
3 years ago
8

Wage contracts, efficiency wages, and the minimum wage are explanations for why:

Business
1 answer:
hjlf3 years ago
7 0

Answer:

B. Wages tend to be inflexible downward

Explanation:

Wages are flexible if they react to changes in demand and supply. Profitability determines demand and supply level for wages.  Flexibility in wages means that If the economy is performing well, companies should compensate their employees better.

Wage inflexibility implies that wages will not respond to changes in demand and supply. Wages do not rise or fall if the marginal productivity of labor increases or decreases.  Wage contracts are agreements that tend to set compensation for workers regardless of their output.  Minimum wage is a regulatory requirement that demands workers not to be paid below a set rate. Wage efficiency recommends higher than market rate compensation to motivate productivity.

The three factors do not advocate for wages to be pegged on productivity.

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Sunnyside Travel, Inc. is a travel agency that specializes in destination wedding vacation packages. It has packages ranging fro
Naya [18.7K]

Answer:

Mass customization

Explanation:

Mass customization is a business approach that focuses on providing customized goods and services to customers. It is a strategy that requires flexibility, integration, and personalization to make customized products that suit each customer's needs.

The biggest challenge with mass customization is the cost element. A business needs to have sufficient customer orders to deliver quality customized products at a competitive price.

Mass customization is the availing of tailor-made products, unique and to each customer's liking. By allowing each customer to set their preferences, Sunnyside Travel is involved in mass customization.

6 0
3 years ago
Thomas Marley Fitness Gym has $ 700 comma 000 of 20​-year bonds payable outstanding. These bonds had a discount of $ 77 comma 00
Aleks04 [339]

Answer:

$661,500

Explanation:

Given that

Bonds payable $700,000

Discount of issuance = $77,000

The computation of current carrying amount is shown below:-

Current carrying amount = Bonds payable - discount on bonds payable

Discount on bonds payable = Discount at issuance  (Issuance ÷ Years bonds payable)

= $77,000 × (10 ÷ 20)

= $38,500

Now we put it into formula

= $700,000 - $38,500

= $661,500

3 0
3 years ago
What are some things you want money can buy
Helen [10]

Answer:

I want a new car and a home.

Explanation:

6 0
2 years ago
Widget, a manufacturer of widgits, agreed to supply Midgit all the widgits that Midgit needed in his gidgit business. For severa
ZanzabumX [31]

Answer:

It is not a valid agreement as it has to be in writing the no of widgits per month and cost of widgit.

Explanation:

Widgit is liable to Midgit if only if there exists a written agreement regarding quantity and price per month. If there is one, then Widgit is liable to Midgit for breking the agreement.

4 0
3 years ago
The risk associated with the unlikelihood that one of the key members will be struck by lightning would most likely be handled b
vova2212 [387]

Answer:

B) Retaining

Explanation:

Retaining risk refers to the risk in which the company could able to take the decision with respect to the responsibility for some particular risk

Here in the given situation it represents that the risk is associated with one of the key members so this presents the responsibility that should be considered while retaining a risk

Hence, the correct option is B.

7 0
3 years ago
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