Black markets are illegal markets that emerge in response to price controls. A few buyers are able to obtain the good at the open-market price; the rest must resort to illegal means. The additional demand is met by underground suppliers selling at much higher prices.
The government does not support the black market or any of their actions with getting items and selling them in other forms. Those who are in demand of a good when they have a hard time in getting it may purchase it illegally at a higher price just so they can receive that good. When there is an exchange of goods in the black market, these items are usually prohibited by the government and therefor illegally being sold.
<u><em>Explanation</em></u>:
<u>(a) FIFO</u>
In using this method we calculate cost based on the price of the earliest (first) purchased inventory date.
(b) LIFO
Here we calculate cost by using the price of the most recent (last) purchased inventory date. eg for inventory cost calulations for March 9 we use the price value of March 29
(c) weighted average
This meeting uses the average cost of the entire inventory in the month. Calculated by dividing total cost by today inventory.
(d) specific identification.
Here cost are just assigned to each individual item or batch of items in the period.
Answer:D. is the inclusion of a corporation's employees on its board.
Explanation: Codetermination is a term applied in terms of describing the board composition of a corporation to mean the inclusion of the employees of a corporation to form part of the board and also take part in determining the pace and processes of decision making within an organisation.
Codetermination ensure that workers also also part of the decision makers in a corporate entity.
Answer:
It reduces the total no of hours that employees work.
Explanation:
Flextime schedule is a type of work arrangement where employees are allowed to select a convenient time to work as it may suit them , compared to the traditional work schedule method where the operation hours is outlined by the management .
It comes with a lot of advantage over the traditional work schedule as listed in the scenario given except that the total no of hours worked by employees remain the same. It has no overall effect on the no of hours worked but the flexibility that allows convenience and increased productivity.
The unemployment rate is calculated by dividing the overall labor force's size by the number of jobless people, then multiplying the result by 100.
In light of the incomplete facts, the answer is: it is unknown.
<h3>How is the size of the labor force determined?</h3>
An estimation of the size of the labor force in an economy is the labor force participation rate. The calculation is the proportion of the working-age non-institutionalized population, aged 16 and older, who are employed or actively looking for work.
<h3>How are the numbers for those not working determined?</h3>
Divide the total civilian noninstitutional population by the number of people who are employed or actively seeking employment to find the formula for the labor force participation rate.
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