Answer:
worker is protected by a cost-of-living adjustment clause in an employment contract
Explanation:
Cost of Living Adjustment(COLA) is an increase made to income from social security to counter the inflationary effects. The COLA change is essentially equivalent to the Consumer Price Index ( CPI) percentage increase over a given period.
All other options are wrong as it is not fit to the current situation
hence, the correct option is B.
Answer:
Lions Incorporation
The amount of Machining cost assigned to Product X is:
= $663,000.
Explanation:
a) Data and Calculations:
Product A Product X Total
Activities used Machining Inspection
Activity driver Machine hours Number of batches
Activity rate $170/ mh $510/ batch
Usage of activity drivers:
Machine hours 1,900 3,900 5,800
Number of batches 45 22 67
The amount of Machining cost assigned to Product X:
= 3,900 * $170 = $663,000
Answer:
d. the maximization of output from available resources.
Explanation:
Efficiency is a situation where every resource is used in an optimal way to give the best possible result and eliminate waste. Efficient production is one with the lowest costs. Economic efficiency is, therefore, the maximization of scarce resources to achieve the most economic benefit or output to consumers.
Efficiency is a relationship between inputs and output. It involves around how to use less inputs to get more value in the output. Economic efficiency focuses on the value obtained rather than quantities. It will include efficient production, efficient distribution, and efficient consumption of goods and services.
Answer:
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- <u><em>b. Be called in for an interview</em></u>
Explanation:
Sure, the<em> main purpose of a cover letter is to be called for an interview</em>. Usually, recruiters, specially recruiters from the most wanted enterprises, receive many, many resumes or curriculum vitae.
A way to stand out among so many applicants is with the cover letter. By summarizing why you consider yourself a good candidate, why you want to work for the company, how you can contribute with the purposes of the firm, and how seriously you consider the opportunity to work with them, is with a good <em>cover letter.</em>
Of course, you will not be hired for the position because your cover letter was good; that will be a result of the interviews. Thus, option (b) is not correct. The other two options, are clearly out of the purposes of a cover letter, because it is aimed to the firm to which you are applying and not to your friends or others from your network.
