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Business

1 answer:

valkas [14]2 years ago

6 0

1. Unions have been in decline since the 1960s because of

Answer: A. foreign competition.

Explanation: Unions were often conducted in the past in order to protect workers from "arbitrary decisions" of employers. Such decisions resulted to the laying off of workers and cutting of wages. On the contrary, business owners have a different goal. They wanted to make more profit by cutting the wages, so they didn't like the unions. However, unions have been in decline in the 1960s, mainly because of international/foreign competitions. This is because the "bargaining power of the unions as they represent the employees were reduced."

2. When a bank evaluates a person for a loan, what does the word "capacity" refer to?

Answer: C. The ability to make payments on time.

Explanation: A bank evaluates a person for a loan according to his "capability to pay" the loaned amount. It is not according to his willingness to pay, but to his "ability to return the money." In order to know whether a person is capable of repaying the money on time, the bank analyzes the borrower's gross income and his debt.

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Answer:

B. is the price at which a firm's total revenues equal total costs

Explanation:

The short run in economics is a period of time in which one factor of production is fixed and others are varied. In the short run, the market is not fully in equilibrium. Break even is the point in which the total cost used in the course of production is equal to the total revenue earned from the products produced. In a break even scenario, there is no profit and there is no loss. At this point, firms are making normal rate of return on money invested and are able to settle all cost of production.

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Why is it important for managers to pay close attention to their organization’s production system if they wish to be responsive

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Explanation:

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Which term refers to the interest the Federal Reserve Bank (Fed) charges banks for loans? open‑market sale fractional banking re

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Answer:

Which term refers to the interest the Federal Reserve Bank (Fed) charges banks for loans?

discount rate

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the higher the interest rate, the lower the increase in the money supply.

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