Answer: They oversee the recruiting, interviewing, and hiring of new staff; consult with top executives on strategic planning; and serve as a link between an organization's management and its employees.
Explanation:
They function as consumers and producers because while they work, they are creating goods/ providing services that contribute to the economy. When they get paid, they become consumers who buy goods/pay for services.
Companies provide insurance plans to employees as a means of having employee loyalty and retention.
<h3>What is insurance?</h3>
Insurance is a policy contract, in which an individual gets financial protection or compensation against losses from an insurance company. Insurance company pool clients' risks to make payments more affordable for the insured.
Companies provide insurance plans to employees as a means of having loyalty and retention. This is because offering group health insurance can help small businesses keep their top employees on a long term basis.
Also, companies provide insurance plans to employees in order to make medical coverage more accessible and affordable to their employees.
Therefore, companies provide insurance plans to employees as a means of having employee loyalty and retention.
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An economic system<span> is a </span>system<span> of production, resource allocation, and distribution of goods and services within a society or a given geographic area</span>
Answer:
Correct.
Explanation:
The fixed cost are fixed in the short-run but i nthe long-run all cost are variable as we can decide to don't do a new lease for the machinery once it finish the current one, to move to another place to reduce the rent expense or not purchase an insurance that among other are example of fixed cost that the company can change in the long run.
now, in the short-run we will continue if there is a positive contribution that is, when we pay a portion of the fixed cost with the activities of the firm That way it is better t okeep it open an decrease the loss than closed and pay the full amount of fixed cost