What makes codes of conduct successful in managing industrial relations in MNES is the standardization of a global code of conduct that incorporates a set of principles and missions that guide and motivate employees.
Well-structured codes of conduct are effective in creating a sense of belonging in the management of industrial relations in MNEs, bringing together across different corporate cultures the sense of unification and support of work.
Therefore, a global code of conduct will assist in guiding and strategically controlling the operations of MNEs, to ensure compliance with positive conduct practices in the global market.
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Answer:
Attached below are the graphs
Explanation:
i) The Equilibrium wage rate in the market is determined by the Intersection of the labor demand and supply curve as seen in the graph attached
ii) The Labor supply curve the firm faces is perfectly elastic in a perfectly competitive resource market
iii) The demand curve of the firm is perfectly elastic because in competitive market a slight change in price will cause a massive change in demand
iv) The firm will continue hiring as long as MRP ≥ MFC
( MRP = marginal revenue product , MFC = marginal factor cost )
Given:
Marginal propensity to consume (MPC) = 0.8
Equilibrium real output = $500 billion
Full-employment output = $540 billion
Find:
Change in government spending ΔG = ?
Computation:
Change in output ΔY = Full-employment output - Equilibrium real output
Change in output ΔY = $540 billion - $500 billion
Change in output ΔY = $40 billion
Change in output ΔY = [1 / (1 - MPC)] × ΔG
$40 billion = [1 / (1 - 0.8)] × ΔG
$40 billion = [1 / (0.2)] × ΔG
$40 billion = [5] × ΔG
ΔG = $40 billion / 5
ΔG = $8 billion
Change in government spending ΔG = $8 billion.
Answer:
A. Forecast for July = 42.
B. Forecast for August = 42.45
C. Because of seasonality in the banking industry.
Explanation:
A. Forecast for July = Forecast for June + Smoothing constant x (Forecasting error)
= 42 + 0.15 (42-42) = 42
B. Forecast for August = Forecast for July + 0.15 (Forecasting error)
= 42 + 0.15 (45-42) = 42.45
C. Because there is a great deal of seasonality in the processing requirements of banking industry, this forecasting method (exponential smoothing) might not be appropriate for this situation.
Answer:
Doctors, lawyers, and other occupations.
Explanation:
Some occupations require a degree, although a higher education is expensive it can be beneficial. Doctors are one of the many examples showing why earning a degree can be worth it. Even one of the lowest paying surgeons still makes six figures.
