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frez [133]
3 years ago
12

What happened in 1935 with the United States Congress surrounding employee benefits?

Business
1 answer:
gogolik [260]3 years ago
7 0

The social security act was passed by the congress in 1935 which led to the adoption of private pension plans which led the older people to retire and younger ones to come and work.

<u>Explanation:</u>

An act to accommodate the general welfare by building up an arrangement of Federal mature age benefits, and by empowering the few States to make increasingly sufficient arrangement for matured people, daze people, reliant and injured youngsters, maternal and kid welfare, general well being, and the organization of the jobs for the jobless.

The Social Security Act and related laws build up various projects that have the accompanying fundamental purposes: To accommodate the material needs of people and families; To ensure matured and debilitated people against the costs of ailments that may somehow or another utilization up their reserve funds.

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Minimum-wage laws can keep wagesa.a) above equilibrium and cause a surplus of labor.b) above equilibrium and cause a shortage of
Airida [17]

Answer:

The correct answer is option a.

Explanation:

Minimum wages can be defined as the minimum level of wages that an employer is supposed to pay to workers for their work. It cannot be reduced through an individual contract or collective agreement.  

Minimum wages are fixed above the equilibrium level of wages. At this level, the demand for labor is lower while supply is more because of high wages. This creates surplus labor in the market.  

4 0
3 years ago
Select the statement which best describes the primary purpose of closing entries a. To complete the recording of various transac
ValentinkaMS [17]

Answer: c. To reduce the balances of revenue and expense accounts to zero so that they may be used to accumulate the revenues and expenses of the next period.

Explanation:

Closing entries are the journal entries that are made at the end of an accounting period in order to be able to transfer temporary accounts to the permanent accounts.

The primary purpose of closing entries is to reduce the balances of revenue and expense accounts to zero so that they may be used to accumulate the revenues and expenses of the next period.

Therefore, the correct option is C.

7 0
3 years ago
The purpose or objectives of competition policy
denis23 [38]

Answer:

to encourage creativity

3 0
3 years ago
Your insurance company can cancel your policy after 60 days for? a. a religious conversion b. being involved in a collision c. f
gregori [183]

Answer:

C)Failing to make payments

<h3>What is failure to make payments?</h3>
  • Default is the failure to make required interest or principal repayments on a debt, whether that debt is a loan or security.
  • Individuals, businesses, and even countries can default on their debt obligations. Default risk is an important consideration for creditors.

To learn more about it, refer

to brainly.com/question/26386481

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6 0
2 years ago
Within the Renault Nissan alliance (Chapter 9 Mini Case), both Renault and Nissan have each formed ____________ strategic allian
Troyanec [42]

Answer: (D) Horizontal complementary

Explanation:

The horizontal complementary is one of the type of business strategy alliances that are formed for increase the competition level in the marketing by producing the various types of product and new technologies in the market.

According to the question, the horizontal complementary strategy are basically refers to the partnership that link various types of organizational unit together with the other business units or companies.      

Therefore, Option (D) is correct.

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3 years ago
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