All categories

3 years ago

Which statement is false?

2 answers:

7 0

It is true that a society accepts minimum wage laws as a method of determining wages because the law is made to determine the wages.

The market value of a good has a direct relationship with the wages; hence it is true that the market value of a good determines wages.

The quality of a good has no direct relationship with the amount of wages hence it does not determines the wages.

Employee productivity also has a direct relation with the quality of the work and hence it also determines the wages.

It is true according to the law that the price floor determines the minimum wage.

Hence the only False statement is:

The quality of a good determines wages.

VladimirAG [237]3 years ago

7 0

The answer is: the quality of a good determines wages.

You might be interested in

A strategic window results from the right combination of circumstances and timing, allowing a firm to take action to reach a par

omeli [17]

Answer:

The answer is false or incorrect.

Explanation:

Because a strategic window is a temporary period of optimum fit between the key requirements of a market and the particular capabilities of a firm competing in that market.

7 0

3 years ago

What happens when u eat too much hot cheetos.....asking for a friend

Sauron [17]

Answer:

you explode TwT

Explanation:

7 0

3 years ago

For which of the following options can you sign a contract with a one-day duration

Y_Kistochka [10]

Its renting car. apex

6 0

3 years ago

Read 2 more answers

What is square root?

lesya [120]

Answer:

Square root is a number which produces a specified quantity when multiplied by itself.

For example:-"7 is a square root of 49"

7 0

3 years ago

Read 2 more answers

Allison has a horse stall cleaning business that has been growing rapidly since she started it three years ago. She estimates th

Reil [10]

Answer: 13.2%

Explanation:

Given data:

No of stores in the market = 5000

No. of store owners = 2000.

Allison charges = $8/month

Sam charges = $8/month.

Solution:

The market penetration rate would be calculated based on potential customers.

Using our general formula,

Market penetration=Numbers of customers who purchased Allison derived sales and Sam derived sales /Total potential population

Where,

Total potential population=1,500

•Allison derived sales = 129 customers

•Sam derived sales = 69 customers

•Numbers of customers who purchased Allison derived sales and Sam derived sales=129 customers+ 69 customers

•Numbers of customers who purchased Allison derived sales and Sam derived sales =198 customers

Let’s input this into our general formula.

Market penetration

= 169 customers/1,500

= 0.132*100

= 13.2%

The market penetration rate based on potential customers is 13.2%

8 0

2 years ago