Answer:
A. The supply of labor will definitely increase.
Explanation:
If wages rise, there would be an increase in supply according to the law of supply. The law of supply says the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.
If demand for consumer good decreases, the demand for Labour falls.
Answer:
C. newcomers test how well their preemployment expectations fit reality and many companies fail this test.
Explanation:
The reason why many employees are shocked by reality on the first day of work is that pre-employment expectations are adjusted to reality and often the job does not meet the expectations that have been created.
To reduce this phenomenon, it is ideal that new employees have realistic expectations about the company and the function they will perform, taking their doubts through research and interviewing the recruiter, having a more realistic view of what they can find at work and managing your expectations.
Answer: Market Penetration Pricing.
Explanation:
MPP, Market Penetration Pricing is a where a company uses a strategy to attract customers to their product. Which also means lowing the price for customers to buy their products.
When lowing a price: This strategy is used to attract customers, they buy their product - then if they like it they will keep buying it even if the price is raised. This is a common strategy for tons of company brands.
Answer:
D : 2.17%.
Explanation:
The 26% is an APR(Annual Percentage Rate). This is a quoted rate that a credit card company charges . It is also known as the nominal rate.
Since the question is asking for a monthly rate, use the 26% and convert it into monthly rate. We have 12 months in a year; meaning, we will divide the nominal rate by 12;
Monthly rate = APR / n
APR = 26% or 0.26 as a decimal
n = compounding periods = 12
therefore, Monthly rate = 26% /12 = 2.17%