All categories

3 years ago

Differentiate between retrenchment and redundancy..

Business

1 answer:

lord [1]3 years ago

5 0

Answer:

The employer makes a position redundant when its duties are no longer required to be done by anyone. Once the position is redundant, the person doing its duties may either be redeployed (given another job) or retrenched (lose their job and not be offered another).

You might be interested in

Cindy invests $3000 in a bond trust that pays 8% interest compounded semiannually. Her friend, Jimmy, invests $3000 in a certifi

Elanso [62]

Answer:

Cindy has more amount than Jimmy.

Explanation:

Amount invested by Cindy P = $3000

Annual rate of interest = 8%

As the amount is compounded semiannually

So rate of interest $=\frac{8}{2}=4%$ %

Time = 20 year

So time period n = 20×2 = 40

So amount own by Cindy $A=P(1+\frac{r}{100})^n$

$A=3000(1+\frac{4}{100})^{40}=14403.06$ $

Amount deposit by jimmy P = $3000

Annual rate of interest = 7.75 %

As the amount is compounded monthly

So rate of interest $r=\frac{7.75}{12}=0.322$ %

Time period = 20×12 = 240

So amount own by Jimmy $A=P(1+\frac{r}{100})^n$

$A=3000(1+\frac{0.322}{100})^{240}=6503.650$ $

From the calculation we can see that Cindy has more amount than Jimmy.

4 0

3 years ago

Carol wants to invest money in a 6% CD account that compounds semiannually. Carol would like the account to have a balance of $1

Luba_88 [7]

Answer:

the formula for compound interest future value is S=P*((1+i)exp n)-1/i)expt

Explanation:

The answer is $6,186

130000=X*((1+0.06)exp 14)-1/0.06)

X= 6,186

3 0

4 years ago

__________ uses state-of-the-art equipment to provide people in a variety of locations the opportunity to participate interactiv

Vaselesa [24]

Answer:

videoconferencing

Explanation:

The new era of globalisation has paved the way for the new technology. Video conferencing, in the business sector, has gained a lot of popularity because it has given an opportunity for people to interact and participate interactively. It provides a high degree of channel richness, perfect quality. Video conferencing helps people to interact and communicate despite the long distance.

3 0

3 years ago

__________ makes it possible for Ford to invest $60 million in a Mexico City manufacturing plant to produce smaller cars and lig

Dmitriy789 [7]

Answer:

The North American Free Trade Agreements

Explanation:

The reason is that the free trade agreements eliminates the price escalation which is imposed by the other countries on importing these goods. So as a result the market becomes less attractive to the company because its product are not able to compete in that environment. The FTA helps organizations to use the resources of other countries with which the country has free trade agreements to lower its costs to compete competitors. The vital resource in Mexico is cheap labor cost and America has one of the best technologies in the world.

7 0

4 years ago

Suppose the civilian non-institutional population equals 100,000 persons; the civilian labor force equals 75,000 persons; there

Llana [10]

Answer:

the total labor force for the first part of the question = 75,000 and 5,000 are unemployed, therefore, the unemployment rate = 6.67%

if 5,000 more people enter the labor force, then the total labor force = 80,000 people. Out of the total, 8,000 are unemployed, therefore, total unemployment = 8,000 / 80,000 = 10%

on the other hand, the employment rate = total employed / total population will also increase. The original employment rate = 70,000 / 100,000 = 70%

Then as 2,000 more people were employed, the employment rate increased to 72,000 / 100,000 = 72%

8 0

3 years ago