Business rules apply to businesses and government groups, but not to other types of organizations such as religious groups or research laboratories. this statement is false.
A company is defined as an organization or company engaged in commercial, industrial, or professional activities. A business can be either a commercial enterprise or a non-profit organization. Legal forms range from limited liability companies to sole proprietors, corporations and partnerships.
Business improves quality of life in two ways. First, we provide quality goods and services to people who need them for their enjoyment, comfort and health. Second, businesses provide people with employment opportunities through which they generate income and improve their quality of life. SMEs are important because they provide entrepreneurial opportunities and produce more satisfying and meaningful work than positions in large, traditional companies. Boost your local economy, keep money closer to home, and support your neighborhood and community.
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Answer:
A) $1,200
Explanation:
The computation of the allocated amount to the clothing department is shown below:
= Total utility expense × Clothing Department square feet ÷ Total square feet
where,
Total square feet would be
= Clothing Department square feet + Cycles department square feet
= 600 + 900
= 1,500
And, the other items values would remain the same
Now put these values to the above formula
So, the value would equal to
= $2,000 × 900 ÷ 1,500
= $1,200
Answer:
1.5% in the short run
6% in the long run.
Explanation:
Given:
The elasticity of supply in the short run = 0.3
The elasticity of supply in the long run = 1.2
Increase in price = 5%
Computation:
A. In short-run
The elasticity of supply in the short run = Percentage change in Quantity / Percentage change in Price
0.3 = Percentage change in Quantity / 5%
1.5% = Percentage change in Quantity
B. In the long run
The elasticity of supply in the long run = Percentage change in Quantity / Percentage change in Price
1.2 = Percentage change in Quantity / 5%
6% = Percentage change in Quantity
<span>The same laws that determine the price of everything. Supply and demand. If there are many workers and few jobs then pay is low. If there are few workers and many jobs then the employers have to compete with other employers for workers and have to offer high pay and benefits to keep workers. At least that is how it should work. Sometime employers in a given field will make a "gentlemen agreement" amongst themselves to keep the pay the same across the industry to keep worker pay down and to prevent people from job hopping.
</span>Hope this helps!
