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3 years ago

Unions contribute to

Business

1 answer:

Len [333]3 years ago

5 0

Answer:

The correct answer is D: neither frictional nor structural unemployment

Explanation:

Structural unemployment is a form of unemployment where, at a given wage, the quantity of labor supplied exceeds the quantity of labor demanded because there is a fundamental mismatch between the number of people who want to work and the number of available jobs. It is generally considered to be one of the “permanent” types of unemployment, where improvement if possible, will only occur in the long run.

Structural unemployment is a longer-lasting form of unemployment caused by fundamental shifts in an economy and exacerbated by extraneous factors such as technology, competition, and government policy. The unemployed workers may lack the skills needed for the jobs, or they may not live in the part of the country or world where the jobs are available. Structural unemployment can last for decades and may need radical change to redress the situation.

There is not a direct link between unions and structural unemployment. The main causes are economy shifts, lack of preparation, competiton (for example, factories moving overseas), government policy, technology shifts, etc.

Frictional unemployment is the time period between jobs when a worker is searching for or transitioning from one job to another. It can be voluntary based on the circumstances of the unemployed individual. Frictional unemployment exists because both jobs and workers are heterogeneous, and a mismatch can result between the characteristics of supply and demand. Such a mismatch can be related to skills, payment, work-time, location, seasonal industries, attitude, taste, and a multitude of other factors.

There is always at least some frictional unemployment in an economy. Economists accept that some frictional unemployment is okay because both potential workers and employers take some time to find the best employee-position match.

There is no direct contribution that unios made to generate or increase frictional unemployment. It causes are found in the description above.

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Economic forces impact the opportunities available to entrepreneurs. Which of the following alternatives reflects a set of econo

SashulF [63]

Answer:

3. Interest rates, consumer spending patterns, and level of disposable income

Explanation:

The following alternatives reflects a set of economic forces that would be of interest to entrepreneurs: Interest rates, consumer spending patterns, and level of disposable income

1. Interest Rates: Whenever there is an increase in interest rates, entrepreneurs are required to set aside more funds for the repayment of loans in the sense that the interest component becomes more expensive and looking at the total picture, the loan becomes technically bigger than what they had collected. This occurrence of higher interest rates reduces the business' net income for all periods till the loan is fully paid.

2. Consumer spending patterns: Consumer spending patterns are a very important tool or dataset for businesses which can be used to understand market potential. It reveals customers who are likely to buy certain categories of goods and services and where they are geographically located. Without this information businesses could be located in the wrong places or could target the wrong customers

3. Level of disposable income: Disposable income refers to the amount of income left after taxes are paid. This metrics is important for businesses because that is the fraction of earnings that consumers spend on to buy goods and services.The higher the disposable income, the higher the demand for firms products will be.

4 0

4 years ago

Tico Inc. produces plastic bottles. Each bottle has a standard labor requirement of 0.03 hour. During the month of April, 900,00

Nutka1998 [239]

Answer:

Total variance=$37,800

This is unfavorable since the actual cost of labor exceeds the standard cost of labor

Explanation:

To calculate the total variance for production labor for the month, we need to adopt the following expression;

Total labor variance=Actual cost-standard cost of actual hours

step 1: Calculate actual cost of labor

Actual cost of labor=actual hours×actual rate

actual hours=25,200 labor hours

actual rate=$15.00 per hour

replacing;

Actual cost of labor=(25,200×15)=$378,000

Actual cost of labor=$378,000

Step 2: Calculate standard cost of actual hours

Standard cost=actual hours×standard rate

where;

actual hours=25,200 labor hours

standard rate=$13.50

replacing;

Standard cost=(25,200×13.5)=$340,200

Standard cost=$340,200

Step 3: Total variance

Total variance=(378,000-340,200)=$37,800

Total variance=$37,800

This is unfavorable since the actual cost of labor exceeds the standard cost of labor

8 0

3 years ago

1. Companies like Uber, Lyft (one of Uber’s main competitors), and Airbnb (an online marketplace that enables people to lease or

mart [117]

Answer:

Globalization has led to the influx of multinationals in many developing and under developed countries. With the advancement of technology this process has increased and influenced many industries.

Uber is providing convenience to its users to fill the gap between the service provider and service user through a platform

This platform has led to bridge the gap between the user and seller of service.

This convenience can be used not only in the transportation of consumer but can also be used in carrier pick ups. Delivery of foods and mails etc.

It can also be used across industries like in medical industry to provide emergency ambulances. Bridging the gap between medical assistance by providing medical services through apps connecting doctors and patients.

It is being used in freelancing industry as well. To provide a platform for provider of service and consumer.

However in entering into different industries the legal aspects are to be considered to avoid any backlash.

5 0

4 years ago

Businesses often hire employees from the community in which they are located.

Darya [45]

True hope this helps!! (:

7 0

3 years ago

Read 2 more answers

Multiple Choice Question 146 Marigold Corp. assembled the following information in completing its March bank reconciliation: Bal

pishuonlain [190]

Answer:

reduce its cash account by $1875.

reduce its cash account by $410.

Explanation:

As for the information provided,

When we tally the cash balance with that of bank balance,

Outstanding checks which were already deducted in cash book will be added as yet outstanding and payment not made.

= + 3,025

Deposits in transit were already added in cash book, although yet not added to bank balance, thus deducted

= - 4,900

= +3,025 - 4,900 = - $1875

This means cash will be reduced by $1,875

Further NSF check is already added in cash but not yet added in bank = - $310

Further bank has deducted charges but in cash book not recorded thus it will be deducted now = - $100

= -$310 - $100 = - $410

7 0

3 years ago