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irinina [24]
3 years ago
6

Max and Eli both graduated from the police academy. Max chose to work in a large city with high crime rates, while Eli chose a j

ob in a small rural town with low crime rates. Although both have the same credentials, and both are members of the union, Max is paid a higher salary than Eli. This wage differential is a likely example of______________.
Business
2 answers:
Rina8888 [55]3 years ago
5 0

Answer: Compensating differentials.

Explanation:

Compensating differential is the additional amount of money that a worker is given in order to motivate the worker to accept an undesirable job. Compensating differentials is as a result of the risk of injury, risk of future unemployment, risk of unsafe environment and it explains why there is difference in pay between different regions

Even though Max and Eli have the same skill and are members of the same trade union, Max is paid higher than Eli because Max works in an area with high crime rate while Eli's area has a low crime rate. Thus, Max higher is expected because the cost of living is higher in a city and also due to higher crime rates which means he's likely to work mire than Eli.  

Gemiola [76]3 years ago
5 0

Answer: compensating differentials

Explanation: Often riskier or undesirable jobs (jobs with negative job characteristics) are better paying than jobs with positive characteristics such as safety. Compensating differential accounts for this difference in pay as it describes the relationship between the pay rate and the unpleasantness, risk, or other undesirable attributes of a job. Compensating differential is defined as the difference in income that motivates a worker to accept an undesirable job, relative to other jobs that worker could perform.

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8 0
3 years ago
Read 2 more answers
You just won $30,000 and deposited your winnings into an account that pays 3.9 percent interest, compounded annually. how long w
ruslelena [56]
For this case we have an equation of the form:
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 75000 = 30000 * (1,039) ^ x&#10;
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7 0
3 years ago
An individual has been making periodic premium payments on an annuity. The annuity income payments are scheduled to begin after
3241004551 [841]

Answer: Deferred

Explanation:

The deffered is one of the type of annuity that helps in making the various types of insurance related contracts for the purpose of long time savings.

A deferred annuity is one of the type of contract where they pay some amount of their profit to the owner on the regular basis and it also used by various types of investors for profit purpose.

According to the question, the deffered annuity is making the various types of periodic payments that helps in scheduling the annuity after one year. Therefore, Deferred is the correct answer.

5 0
3 years ago
You are putting together a team for a special project at work. Your friend Jim and another co-worker John both want to be on the
stellarik [79]

Answer:

You choose Jim since they are both similar employees and choosing your friend is OK

Explanation:

Since in the question it is mentioned that Jim and John both wants to be on the team but there is only one room that belong to other one person. Although they have the same skill and work ethics so here we should choose Jim as it is okay to select friend who have the same attributes or characteristics

Therefore the above represent the answer

7 0
3 years ago
19) Which of the following is a fom of business organization that offers limited liability to its owners
Lisa [10]

Answer:

B. Corporation

Explanation:

Corporation is a complex structure of business ownership recognized as separate and distinct from its owners.  A corporation is subdivided into small units called stocks, equity, or shares. Each share or stock represents a small part of the company. Owning a share of a corporation is equivalent to owning a small portion of the corporation. A corporation issues shares to investors when it intends to raise additional capital. The shares of corporations are traded at the securities exchange markets.

Shareholders is the title given to owners of a corporation's shares. one feature of a corporation is that it offers its shareholders limited liability to the company's debts. Should the corporation fail in meeting its obligations, shareholders' personal assets cannot be used to settle the debts.

6 0
2 years ago
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