Answer:
Consumers behave rationally, attempting to maximize their satisfaction.
Explanation:
The principle assumption upon which the theory of consumer behavior and demand is built is:
A consumer attempt to allocate their limited money income among available goods and services so as to maximize their utility (satisfaction).
Utility is described as an amount of satisfaction derived from the consumption of a commodity. Measurement units is utils.
Assume that consumers have complete information about availability, prices and utility levels of all goods and services. All bundles of goods can be ranked based on their ability to provide utility.
The theory is useful for understanding the demand side of the market.
Answer:
Mauricio invested $30,000 in Pizza Aroma in exchange for its stock. Pizza Aroma now has <u>$30,000 IN COMMON STOCK</u> under shareholders' equity.
Explanation:
Mauricio invested a certain amount of money in exchange for common stock of a small corporation, Pizza Aroma. Corporations are legal entities that operate separately from its owners or stockholders.
Usually a small business like Pizza Aroma would be a sole proprietorship or a partnership, at least at the beginning when it just started to operate. But the main advantage of a corporation is that it limits owners liability to the amount invested in stocks, therefore if the business fails, the most Mauricio can lose is $30,000. While sole proprietors and partners have unlimited liability, which means that they are legal liable for all the debts and obligations of the business. The main disadvantage of corporations is that they are double taxed, that means that the corporation pays corporate taxes and the owners pay income taxes also.
Answer: False
Explanation:
The Fair Labor Standards Act enacted into law in 1938, covers the protection of employees' rights such as minimum wage, child labor laws and overtime conditions.
According to the Fair Labor Standards Act, an employee who works overtime is entitled to a payment of one and half times their hourly pay. However overtime counts as working for more than 40 hours in a week.
Because Sally has only worked for 37 and a half hours, she will not be entitled to any overtime pay.
Describe how effective employee relations techniques prevent the need for unionization.
Employers that minimize employee dissatisfaction can also minimize employees’ desire for union representation. Strategies that help discourage union acceptance are:
- Fair and consistent policies and practices.
- Open door management policies.
- Competitive pay and benefits.
- Employee trust and recognition.
<h3>What is unionization?</h3>
A business union, sometimes known as a "yellow" union, is an employee organization that is controlled or influenced by an employer and is not a legitimate trade union. Company unions violate international labor standards (see ILO Convention 98, Article 2). The National Labor Relations Act of 1935 prohibited them in the United States because they were used as spies to interfere with autonomous unions. In many nations, especially those with authoritarian governments, there are still company unions.
Even though they may be recognized in their individual countries as legitimate trade unions, some labor groups are accused by rival unions of acting like "business unions" if they are perceived to have an unduly warm relationship with the employer.
To learn more about unionization from the given link:
brainly.com/question/10623030
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