Answer:
Merit pay
Explanation:
Merit pay refers to an increase in salary that people receive based on the performance they had according to goals or guidelines that were previously established. According to this, the answer is that the type of reward system used by Jessica is an example of merit pay because she determines the pay raises that her subordinates receive according to their performance.
Answer: a deal website that compares different types of cars, so he can choose the one he likes best
Explanation:
When buying a good or service, it is best to look out for a variety of those goods because it will enable a person to be able to compare the different varieties and be able to pick the one most suitable for them.
Tanner therefore will most likely use a website that compares cars so that he is able to see the features that different cars offer which will enable him make a decision that is most suitable for him.
Answer:
The difference in human capital explains $7,863 of the income per worker gap while the difference in physical capital explains $20,181 of the income per worker gap.
Explanation:
Human capital refers to the skills, knowledge, and efforts of the people in producing goods and services. It is also known simply as labor. Physical capital refers to the "man-made" goods that assist in production, including machinery, equipment, and technological items such as computers.
In the given scenario, the income per worker in the United States is $82,359 - $54,315 = $28,044 more than the income per worker in South Korea. This is explained by differences in both the level of technology (i.e. physical capital) and the capability of workers (i.e. human capital).
We are informed that the income per worker in South Korea would be $74,496 if it had the same level of technology as the United States. This means that $74,496 - $54,315 = $20,181 of the income per worker gap between the two countries is explained by differences in physical capital. Hence the remaining difference of $28,044 - $20,181 = $7,863 is explained by differences in human capital between the two countries.
Answer:
d. PMT x {[(1 + r)^n - 1]/r)
Explanation:
Annuity is a payment of fix amount for specified period of time. It Future value can be calculated by using compounding effect formula only.
PMT/r is a formula for perpetuity it is not for annuity because it does not involve any time period.
PMT x {[(1 + r)^n - 1]/r} x (1 + r). this is a wrong formula as it does not have any function of present value or future value, it is mixed formula, which made incorrectly.
PMT x {1 - [1/(1 + r)^n]}/r this formula is for present value of annuity not for future value of annuity.
PMT x {[(1 + r)^n - 1]/r) is a future value of annuity formula because it involves the compounding effect.