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3 years ago

4. Labour Institutions Act(10MKS)

Business

1 answer:

lord [1]3 years ago

4 0

Answer:

Reduce discrimination.
Reduce exploitation.
Reduce inequality/ poverty.
Increase productivity.
Economic growth.

Explanation:

It is necessary for the government to regulate wages because some companies might take advantage of little regulation to get away with many unjust and unethical actions as they chase profits or due to personal bias.

Without government regulation, there would be wage disparity between races and genders so regulation reduces that. Exploitation will also be reduced because companies will not take advantage of unemployment rates to make workers overwork themselves to keep their jobs.

Regulated wages will reduce inequality in social classes as well as poverty rates as people will be paid closer to what they deserve.

Regulated wages will also lead to improved productivity as people will be more encouraged when they are working knowing they are getting paid appropriately so they will work harder.

With people being paid appropriately, they will be able to afford more goods and invest more savings which will lead to growth in the economy.

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Miller and Sons' static budget for 10,300 units of production includes $36,800 for direct materials, $48,500 for direct labor, v

Alborosie

Answer:

b. direct materials of $49,662, direct labor of $65,451, utilities of $10,121, and supervisor salaries of $14,900

Explanation:

$\left|\begin{array}{c|c|c|c}$Item&$Cost for 10,300 Units&$Unit Cost&$Cost for 13900 Units\\--&--&--&--\\$Direct materials&\$36,800&\dfrac{36800}{10300} &\dfrac{36800}{10300}\times 13900$ Units=\$49662\\\\$Direct Labor&\$48,500&\dfrac{48500}{10300} &\dfrac{48500}{10300}\times 13900$ Units=\$65451\\\\$Variable Utilities&\$7,500&\dfrac{7500}{10300} &\dfrac{7500}{10300}\times 13900$ Units=\$10121\end{array}\right|$ The Supervisor's Salary is a fixed cost.

Therefore, a flexible budget for 13,900 units of production would show:

Direct materials of $49,662,
Direct labor of $65,451,
Utilities of $10,121
Supervisor salaries of $14,900

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When a business asks "What business are we in?" they are: a. conducting an environmental analysis. b. defining their business mi

Paul [167]

Answer:

B. Defining their business mission.

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2 years ago

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aleksley [76]

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What are the effects of an increase in the population on potential GDP, the quantity of labor, the real wage rate, and potent

baherus [9]

Answer:

Effects

Potential GDP decrease

the quantity of labor increase

the real wage rate decrease

and potential GDP per hour of labor decrease

An increase in the population decrease the real wage rate and increase the equilibrium quantity of labor.

Explanation:

Population growth affects many phenomena such as the age structure of a country’s population, international migration, economic inequality, and the size of a country’s work force.

Thinking in the graph of the labor market where combines hour real wage with the quantity of labor, if we increase the population , that means the demand of labor will increase so, the wage will decrease.

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The equilibrium is where the quantity demanded of labor is equal to the quantity supplied.

So, if the if the population increase the equilibrium quantity of labor will increase.

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the quantity of labor increase

the real wage rate decrease

and potential GDP per hour of labor decrease

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Answer:

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Explanation:

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