Answer:
False
Explanation:
Labour Markets are at equilibrium where : Market Demand for labour (by firms) = Market Supply of Labour (by labourers), & the respective curves intersect.
Labour Demand curve is downward sloping, as firms' demand is inversely related to price i.e wages. Labour supply curve is upward sloping, as labourers' supply is directly to price (wages).
If wage is higher than equilibrium wage : labour supply being directly related to wage, will be more. And, labour demand being inversely related to wage, will be less. It would lead to excess supply of labour in comparison to its demand. This would imply many people are able & willing to work at the prevailing wage rate , not getting jobs - i.e unemployment.
Wage higher than equilibrium wage rate will have Unemployment impact, irrespective of the cause (minimum-wage laws or other) of wage rise.
Answer:
Employees will take less pride in their job.
Explanation:
Customer relationship management (CRM) typically involves the process of combining strategies, techniques, practices and technology so as to effectively and efficiently manage their customer data in order to improve and enhance customer satisfaction.
Simply stated, CRM is a strategic process which typically involves collecting customer information for the purpose of improving a customer's future experience.
A good customer service involves providing a timely, upbeat, and quality level of service, as well as attentive feedbacks to the customers that patronizes an organization. Thus, it ensures that the needs or wants of the customers are attended to in a matter that reflects positively on an organization.
This ultimately implies that, employees taking less pride in their job is not a result of good customer service because they are groomed to enjoy proffering solutions to the buying-selling related problems faced by a customer, especially those that are within their capacity to solve.
Answer:
C. Making final decisions on whom to hire
Explanation:
Human resources (HR) manager is someone responsible for the planning, directing, and coordination the administrative functions of an organization. The responsibility of a HR manager are:
- Responsible for the recruiting of new company staffs.
- They are involved in strategic planning within the organization.
- They serve as a link between the management of an organization and its employees.
- Determining salaries of employees.
- Responsible for induction and training of staffs.
Answer: A. decrease stockholder's equity and increase liabilities
Explanation:
When Stock is declared, the relevant entries include;
DR Retained Earnings
CR Dividends Payable
Retained Earnings is an Equity account that the dividends will be taken from and will reduce as a result. This is why it is being debited.
Dividends Payable is a liability account that will be credited to show that the company owes its shareholders dividends. Liabilities will therefore increase.