The quantity of manufacturing workers demanded will fall, the wage of manufacturing workers will rise and the quantity of manufacturing workers supplied will rise.
<h3>What does a union among workers represent in economy?</h3>
In the macroeconomic model, a union among workers will increase the wage rate, thereby the supply of manufacturing workers will also increase.
This phenomenon is associated with a decrease in the demand and quantity of manufacturing workers.
In conclusion, the quantity of manufacturing workers demanded will fall, the wage of manufacturing workers will rise and the quantity of manufacturing workers supplied will rise if manufacturing workers formed a union.
Learn more about the macroeconomic model here:
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Answer:
A. Disagree. Checking accounts represent something that the bank owes to the owner of the account. It is a bank liability.
Explanation:
Given the definitions of liabilities and assets, it is also important to distinguish the <em>point of view</em> when discussing whether a specific item is an asset or liability.
Since a checking account represents money bank users deposit into the bank, that means that the <u>bank owes the money deposited</u> to the bank customer.
Similarly, a car loan is a bank asset. It is an essential bank product representing the money lent to someone. That means <u>bank users owe the bank</u> in that case. Although the bank doesn't possess the loan money after providing someone with a loan, the loan money will be returned to the bank after some time (representing the key asset characteristic).
Answer:
They own equal shares of company assets.
Explanation:
The statement above is false because shareholders can own vastly different amounts of shares.
For example, a group of 2 people and 5 companies own over 50% of the shares of Alphabet (the corporation that owns Google), giving this small group of people the voting power to take decisions during assemblies.
Meanwhile, thousands of investors also own a small number of shares of Alphabet because it is a publicly traded company, but these small investors have essentially no voting power.
When a manufacturing company uses direct materials, it assigns the cost by debiting Work-in-Process Inventory.
<u>Option: B</u>
<u>Explanation:</u>
The nearly completed products of a business that await fulfillment and subsequent selling or the valuation of those commodities is understood as a work-in-process inventory. These products are either produced in a line or in a buffer stock, or are pending for any further handling. The concept is employed in controlling the manufacturing and distribution chain. Optimum quality control is aimed at reducing system activity. Function in system requires storage space, reflects attached capital that is not accessible for investment and brings an inherent risk of previous expiry of the goods' shelf life.
