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4 years ago

How did industrialization and unionization need to outsourcing

1 answer:

4 0

Answer: It is often assumed that manufacturing workers in developing countries, as recipients of outsourced jobs, would achieve economic benefits and organizational power. The author argues that job growth in developing countries through outsourcing to competing firms has often actually resulted in declining unionization and lower wage rates relative to traditional, integrated manufacturing firms. Using time-series data on union membership from 1980-2003 for Honduras and El Salvador as well as 2004 Household Survey Data for El Salvador, he examines the determinants of unionization rates and wages in the manufacturing sectors. He finds that that competitive outsourcing hurts labor at the plant-level in three ways: 1) it reduces labor's strike leverage by geographically dispersing the production process; 2) it increases the threat of plant mobility by decreasing plant-level investments; and 3) it increases labor costs relative to total costs, which creates an incentive for employers to keep wages low and unions out.

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What is the best conclusion that can be drawn from the information in the chart?

svet-max [94.6K]

Deciding when to refinance your mortgage means considering your personal situation, the prevailing interest rate environment — and something that really hits close to home: fees.

It’s common to pay as much as 3-6% of your outstanding principal in mortgage refinance fees, though the total can vary by state and by lender. It’s not a massive single charge, but a pile of small costs that quickly add up. If you decide to lock in a new, lower mortgage rate here are the hidden fees to watch out for.

A down payment on a house is a key first step in buying and owning your own home. If you're new to the housing market, you might be completely lost and not know where to start.

For a $300,000 home, you can expect to pay $6,000 to $10,000 in closing costs. These costs can include one-time fees like the following:

• Appraisal fee: the professional estimate of the home’s value.

• Survey fee: the cost for verifying a home’s definitive property lines.

• Wire transfer fee: the charge to wire funds to purchase the home.

• Underwriting and origination fees: the charge associated with evaluating, verifying and processing the loan application.

• Document prep fee: the cost associated with prepping your loan documents for processing.

• Discount points: paid at the time of the deal to lower the interest rate on your mortgage.

• Credit report fee: the charge for pulling your credit history and scores.

• Title insurance: a must-get policy that protects you in case the seller doesn’t have full deed and authority to the property.

• Recording fees: government fees for entering new property records.

7 0

3 years ago

Read 2 more answers

Assume a firm has a beta of 1.2. All else held constant, the cost of equity for this firm will increase if the: beta decreases.

eduard

Answer:

Risk-free rate decreases

Explanation:

The CAPM formula for calculating cost of equity requires one to know the value of 3 pieces of information only:

1. the market rate of return,

2. the beta value

3. the risk-free rate.

Ra = Rrf + [Ba∗(Rm−Rrf)]

where:

Ra=Cost of Equity

Rrf = Risk-Free Rate

Ba = Beta

Rm=Market Rate of Return

From the formula

Ra = Rrf + [1.2∗(Rm−Rrf)]

Ra = Rrf + 1.2Rm - 1.2Rrf

From Ra = 1.2Rm -0.2Rrf

From the expression above, it can be seen that the lower the value of Rrf (Risk-Free rate), the higher the value of Ra.

4 0

3 years ago

The petty cash fund is a a.special equity fund. b.special expense fund. c.special cash fund. d.special revenue fund.

solmaris [256]

Answer:

c.special cash fund

Explanation:

The petty cash fund is a special cash fund in which the small amount of the cash kept on hand for paying out the minor expenses like office supplies, etc

So as per the given situation, the petty cash fund is the special cash fund

Therefore the option c is correct

And, the rest of the options are incorrect

6 0

3 years ago

During the current calendar year, Bowman Corporation purchased $660,000 of inventory. The beginning inventory balance was $84,00

Ratling [72]

Answer:

6.12 times

Explanation:

Cost of Goods Sold = $84,000 + $660,000 - $120,000

Cost of Goods Sold = $624,000

Average inventory = ($84,000 + $120,000) / 2

Average inventory = $102,000

Inventory Turnover = Cost of Goods Sold / Average inventory

Inventory Turnover = $624,000 / $102,000

Inventory Turnover = 6.117647059

Inventory Turnover = 6.12 times

6 0

3 years ago

Suppose that Nowhere State University (NSU) seeks to increase its total revenue from tuition paid by students. To do this, NSU d

Korolek [52]

Answer:

Explanation:

The revenue of NSU will rise if only the price elasticity of demand for the courses at NSU is elastic.

This will happens because when a commodity has elastic demand, the increase in its price leads to a rise in consumer’s total expenditure. Revenue will drop if the price elasticity of demand for the courses at NSU is not elastic (inelastic).

This will happen because when a commodity has inelastic demand, increase in its price will lead to reduction in consumer’s total expenditure

Revenue will remain unchanged if the price elasticity of demand for the courses at NSU is unit elastic.

This will happen because when a commodity has unit elastic demand, increase or decrease in price of commodity will not make any change in total firm’s total revenue.

8 0

4 years ago