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oksian1 [2.3K]
3 years ago
14

If the cost of steel increases, then the supply of cars will shift and this shift would cause a shortage of cars to open up at t

he old equilibrium price (i.e., the price before the supply shifted).
True/False
Business
1 answer:
Vilka [71]3 years ago
5 0

Answer:

TRUE

Explanation:

Supply is sellers ability and willingness to sell a good at given price, time period.

Price of Inputs is a factor negatively effecting Supply. This implies decrease in supply at high input prices (because of lower profit margin), increase in supply at low input prices (because of higher profit margin).

Increase in Supply means rightwards shift in upward sloping supply curve, Decrease in Supply means leftwards shift in upward sloping supply curve.

Steel is an input used in car manufacturing; so increase in steel price will decrease car supply & shift the supply curve leftwards. This will create excess demand/ deficient supply/ shortage of cars in the market at old equilibrium price.

This shortage will then create competition among buyers & increase price, which will contract demand & expand supply - establishing new equilibrium.

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patriot [66]

From a D. Reinforcement theory standpoint, the effect on performance motivation may be limited in ownership program because of the less obvious link between pay and performance. The reinforcement theory states that the way a person behaviors is a direct relation to how the consequences that may come from making that decision. If consequences are behavior are controlled by consequences then the reinforcements may be controlled pay rewards or pay.

8 0
3 years ago
Eagle Equipment Corporation discharges Jay, who then sues Eagle for employment discrimination under Title VII. Eagle learns that
Karo-lina-s [1.5K]

Answer:

The correct answer is D

Explanation:

Title VII of the 1964, Civil Rights Act, states the federal law and it prohibits the employers from discriminating the employees on the grounds of color, sex, religion, race and national origin.

So, in this case, Jay sues the corporation against this title, but the corporation learns that Jay lied on his job application and on this ground the corporation would fired him. This is done after acquiring the evidence and it is not a defense.

4 0
3 years ago
Firms are organizations that A) take advantage of the public. B) transform resources into products. C) transform outputs into in
loris [4]

Answer:

B

Explanation:

A firm is an organisation that is created to make profit. They transform resources into products

They include :

  • corporations
  • limited liabilities
  • partnerships
7 0
2 years ago
Influencing behavior through norms and expectations set by the organization’s culture is called __________ control.
sweet [91]

Answer:

The bureaucratic control system

Explanation:

bureaucratic control system can be regarded as a formal system of control that are been used in the accessment of the performance of employee in an organization. It involves the using of rules, records as well as rewards to influence , hierarchy of authority and written documentation in the performance accessment.It should be noted that bureaucratic control system involves Influencing behavior through norms and expectations set by the organization’s culture.

5 0
2 years ago
Which of the examples provides the best evidence that inflation has occurred? A person whose salary has decreased is able to pur
vladimir2022 [97]

Answer:

A person whose salary has increased is able to purchase fewer goods and services.

Explanation:

Inflation is characterized by an increase in the prices of goods and services along with a reduction in the purchasing power.

Real income of an individual refers to the income which has been adjusted for the effects of inflation. Whereas, Nominal income refers to the income which is before any such adjustment for inflation.

In the given case, the nominal income has increased i.e if we ignore inflation. But while considering inflation, the real income of the individual has reduced evidenced by the fact that the purchasing power has reduced.

7 0
3 years ago
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