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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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- How to best segment the ready-made dinner market.

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3 years ago
A customer wants to buy two pairs of jeans at $30 each. The sales tax is 6%. He has a gift certificate for $50 and a $20 bill in
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3 years ago
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A _____________ team is made up of employees from the same hierarchical level but different work areas. They are typically broug
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A cross-functional team is made up of employees from the same hierarchical level but different work areas. They are typically brought together to accomplish a task.

Cross-functional teams are collections comprising personnel from various departments within the organization, such as marketing, production, sales, and customer engagement. These could be working groups in which each participant is a part both of their functioning team and the cross-functional team, or they could be the main organizational structure.

Different kinds of businesses have various approaches towards how cross-functional teams function. Simply by because of their size, entrepreneurs and small firms usually employ cross-functional teams. Given that they aren't large enough to establish different teams, the majority of projects or choices are made via collaboration between individuals with various areas of expertise.

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3 0
10 months ago
Artisanâ Inspiration, Inc. is a merchandiser of stone ornaments. The company sold 6 comma 500 units during the year. The company
aliina [53]

Answer:

206,000

Explanation:

Sales                                             = 590000  

- CGS                                           = 302000  

Gross profit                                                                       = 288,000

Less Operating Expenses:

Sellings and Admin expenses      = 67000  

Freight in                                  =     15000  

Total Operating expenses         =       82000  

Operating Income                                                               =         206,000

CGS = Beginning inventory + Purchases - Ending Inventory

CGS = 43,000 +302,000 - 43,000 = 302,000

5 0
3 years ago
Assume rocky mountain railway is considering hiring a reservations agency to handle passenger reservations. The agency would cha
meriva
Alright, so we start out with $12000, and we'd add from there. Since we add 1$ for every passenger, our equation with p being the number of passengers would be 1*p (e.g. for 1 passenger we have 1*1=1, 2 passengers we have 1+1(2 times)=2). Substituting 50,000 for p, we have 1*50,000=50,000. Next, we have to add 12,000 to that (as that's a flat fee) to get 50000+12000=62000
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3 years ago
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