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ycow [4]
3 years ago
14

In a labor market comprising many firms hiring many workers with identical skills, which of the following is correct?

Business
1 answer:
serg [7]3 years ago
4 0

Answer:

Individual firms and workers are wage takers because they cannot exert any control over the market wage rate.

Explanation:

Remember, a labor market shows the availability of employment and labor, in terms of their supply and demand.

This scenario occurs in a purely competitive labor market.

In this market there many qualified workers with identical skills; meaning the workers share similar skills while the demand for such skills is high because of their importance to firms.

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Nocturnal Products started as a luxury brand for designer apparel. Soon, the company expanded by launching its own line of premi
Roman55 [17]

Answer:

B) related-linked strategy

Explanation:

Related linked strategies have the purpose of creating value for the organization by exploiting and developing economies of scope within the company. This means that the company will try to save money by transferring its competencies within one product line.

In this case the product line is Nocturnal Products which has expanded to include designer apparel, perfumes, watches, bags and home furnishing. The company hopes to transfer the competencies that designer apparel has to the rest of the products.

7 0
3 years ago
The real risk-free rate is 3%, and inflation is expected to be 3% for the next 2 years. A 2-year Treasury security yields 6.2%.
den301095 [7]

Answer:

0.2%

Explanation:

The real risk-free rate is 3%, and inflation is expected to be 3% for the next 2 years; so the risk-free rate is 6%.

The maturity risk premium is the different between return on investment and same tenor investment

= Treasury security yields 6.2% - risk free rate 6%

= 6.2% - 6% = 0.2%

4 0
3 years ago
Brief Exercise 10-3 Greenspan Supply does not segregate sales and sales taxes at the time of sale. The register total for March
7nadin3 [17]

Answer and Explanation:

The computation of the sales tax payable is shown below:

= Total sales × sales tax rate ÷ (100 + sales tax rate)

= $11,880 × 8% ÷ (100 + 8%)

= $880

Now the journal entry is

Cash $11,880

            To Sales Revenue           $11,000

            To Sales Tax Payable $880

(Being the sales tax payable and sales is recorded)

For recording this we debited the cash as it increased the assets and credited the sales revenue and sales tax payable as it also increased the revenue and liabilities  

6 0
3 years ago
Consumers use ____________ while trying to judge the value of a product bundle (like a computer, printer, and a digital camera s
konstantin123 [22]

Answer: anchoring and adjustment

Explanation:

Anchoring and adjustment has to do with the adjustment in the idea that a person has based on some initial occurence.

Anchoring and adjustment can be used

in sales when a consumer's subsequent negotiations is based on the previous negotiation or purchases. Therefore, consumers use anchoring and adjustment while trying to judge the value of a product

3 0
3 years ago
Which of the following bases for fixed asset valuation was being used by Mexico until 2008?
denis23 [38]

Answer:

The correct answer is b. Historical cost later restated in terms of GPP .

Explanation:

Historical cost of assets is understood as the acquisition cost added with the values that are incorporated during its life. ... At the end of the useful life of the asset, the historical cost must be equal to the accumulated depreciation, so that its difference is equal to zero (0).

6 0
3 years ago
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