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s2008m [1.1K]
3 years ago
9

The minimum wage law ___________________ a) has a significant effect on the unemployment rate since a large part of the labor fo

rce earns the minimum wage. b) increases the unemployment rate among highly skilled workers. c) increases cyclical unemployment in the economy. d) has only a small effect on the unemployment rate since only a small part of the labor force earns the minimum wage.
Business
1 answer:
Galina-37 [17]3 years ago
3 0

Answer:

a) has a significant effect on the unemployment rate since a large part of the labor force earns the minimum wage.

Explanation:

The minimum wage law ensures that all employees have a minimum income to live with dignity. Although there is a big debate among economists, the liberal current suggests that the minimum wage law has a major impact on the unemployment rate, especially among the poorest. According to these economists, the minimum wage is instituted above the productivity level of most people, which causes companies to lose efficiency. If wages were fluctuating, according to market law, more workers would probably be hired for wages tied to their productivity. Therefore, among the options, the first seems to be the most correct.

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What is one way that an organization could improve its risk management maturity level for process risks such as those related to
irina1246 [14]

The ways by which an organization could improve its risk management are shown below.

<h3>Ways by which an organization could improve its risk management:</h3>

(A) Think broadly about your supply chain -

  • The network of people, businesses, resources (knowledge, public utilities, materials, services, etc.), processes, and technology used to create and market a good or service is known as a supply chain.
  • This definition's broad strokes provide a thorough method for developing a matrix that improves supply chain visibility.

(B) Improve supplier auditing -

  • Consider including significant contract clauses and auditing procedures in important contracts after identifying and prioritizing vital suppliers.

(C) Increase supplier diversity -

  • The pandemic destroyed many minority-, women-, and veteran-owned businesses because they were unable to meet client demand when their supply chains broke down or came to a standstill.

(D) Clean up siloed tech suppliers -

  • Without a doubt, technology is crucial to supply chain management.
  • While having a variety of technology platforms and tools to support your operations is frequently required, purchasing technology in a silo might jeopardize an organization's logistics.

(E) Put supply chain trends in the right context -

  • Although there is no dearth of articles on new supply chain management trends, many could not have predicted the geopolitical environment of today, which includes an invasion in Europe, skyrocketing oil prices, and the onslaught of ransomware attacks that are causing supply chains to break down on a daily basis.

Therefore, the ways by which an organization could improve its risk management are given.

Know more about the supply chain here:

brainly.com/question/25160870

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6 0
2 years ago
What has democracy come to mean in practice
Irina-Kira [14]

In practice, democracy means a system of government that allows for the following norms:

  • Human rights protection
  • Existence of the rule of law
  • Periodic free and fair election of government officials
  • Active participation of the citizenry in politics and civic life.

<h3>What is democracy?</h3>

Democracy is a form of government whereby people decide who governs them and how they govern.

Democracy represents free choice, the recognition of the human rights of the governed, and having elected representatives in government.

Autocrats or despots do not control democratic governments.

Thus, democracy originally meant power held by the people.  In practice, it connotes the observance of political and social principles suitable for a free society.

Learn more about democracy at brainly.com/question/3710021

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4 0
2 years ago
When______________are constrained with government controls, they do not achieve their potential.
const2013 [10]

Answer:

The answer is Businesses.

Explanation:

When the businesses are burdened with laws, regulations and taxes, their potential to expand and develop in the long run decreases. Because of this, it is believed, that lesser the economic regulation of the businesses, the better they will function.

5 0
3 years ago
Internal-operational communication is defined as:
yawa3891 [41]

Answer:

The correct answer is B

Explanation:

Internal operational communication is the one which occurs or happen for carrying out the operations of the firm or the company. Internal members of the company like the members of trade union, workers, the Board of directors and managers.

This form of the communication in the company, is written and the oral form.

Therefore, it is defined as the communication which helps in sustaining or making the relationship upon which the business or the company grounded and it is more vital than ever.

8 0
3 years ago
Even though the procedure called for you to do so, organic chemists typically do not weigh sodium sulfate when it is used for th
bogdanovich [222]

Answer:

a) Why is it NOT necessary to weigh accurately the sodium sulfate?

Explanation:

The mass of sodium sulfate is not important to the lab because it is not used in any of the calculations to find the partition coefficient of 9-Fluorenone.

8 0
4 years ago
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